WESTWOOD HOLDINGS GROUP (WHG) Company Report

Westwood Holdings Group (WHG) announced the closure and liquidation of the Westwood LBRTY Global Equity ETF (BFRE).
The final day of trading for BFRE shares on NYSE Arca will be Friday, February 27, 2026.
The Fund is expected to cease operations and distribute liquidation proceeds to shareholders on Friday, March 6, 2026.
Shareholders remaining in the Fund on the Liquidation Date will receive cash at the net asset value of their shares, and the liquidation may be treated as a taxable event.

Feb 17, 2026, 9:30 PM

Press Release

Westwood Holdings Group Reports Q4 and Full-Year 2025 Financial Results

WHG

Earnings

Product Launch

Dividends

Westwood Holdings Group reported $27.1 million in total revenues for Q4 2025 and $97.8 million for the full year 2025.
Net income for Q4 2025 was $1.9 million, or $0.21 per share, with full-year 2025 net income at $7.1 million.
Firm-wide assets under management and advisement reached $17.4 billion at quarter-end, including $16.5 billion in AUM, despite $1 billion in net outflows during the year, partially offset by $1 billion in market appreciation.
The company's ETF franchise now exceeds $200 million, and it successfully closed Westwood Energy Secondaries Fund Two with over $300 million in capital commitments.
The Board of Directors approved a regular cash dividend of $0.15 per common share, payable on April 1, 2026.

Feb 13, 2026, 9:30 PM

Transcript

Westwood Holdings Group Reports Q4 2025 Financial Results and AUM

WHG

Earnings

Demand Weakening

Westwood Holdings Group reported $27.1 million in revenues, $1.9 million in income, and -$0.8 billion in net flows for Q4 2025.
As of December 31, 2025, the firm's total Assets Under Management (AUM) stood at $17.4 billion, which included $16.5 billion in AUM and $0.9 billion in Assets Under Advisement (AUA).
The firm, founded in 1983, is a boutique asset management firm specializing in actively-managed and outcome-oriented investment strategies, with its AUM diversified across Equity (47%), Wealth (25%), Energy & Real Assets (16%), and Tactical Asset Allocation (12%) as of December 31, 2025.
For the three months ended December 31, 2025, the company also reported Economic Earnings of $3,276 thousand.

Feb 13, 2026, 9:30 PM

Presentation

Westwood Holdings Group Reports Increased Q4 and Full-Year 2025 Revenues, Strong Sales Growth, and ETF/Private Equity Milestones

WHG

Earnings

Product Launch

Revenue Acceleration/Inflection

Westwood Holdings Group reported Q4 2025 revenues of $27.1 million and full-year 2025 revenues of $97.8 million, reflecting increases from the prior periods.
The company's firm-wide assets under management and advisement totaled $17.4 billion at quarter-end, with $16.5 billion in assets under management.
Key achievements include the ETF franchise exceeding $200 million and the closure of the Westwood Energy Secondaries Fund II with over $300 million in commitments.
Full-year sales growth reached $2.5 billion, an increase of 20% from the previous year, with institutional channel gross sales growing 36% and intermediary distribution team sales growing 32%.
Despite $1 billion in AUM net outflows during the year, primarily from a low-fee Large Cap Value product, the company announced new client commitments totaling $650 million for early 2026.

Feb 13, 2026, 9:30 PM

Transcript

Westwood Holdings Group Reports Q4 and Full-Year 2025 Results

WHG

Earnings

Product Launch

Dividends

Westwood Holdings Group reported total revenues of $27.1 million for Q4 2025, an increase from $24.3 million in Q3 2025, and $97.8 million for fiscal year 2025, up from $94.7 million in 2024. GAAP income for Q4 2025 was $1.9 million, or $0.21 per share, and for the full year 2025, it was $7.1 million.
Firm-wide assets under management and advisement totaled $17.4 billion at quarter-end, with assets under management experiencing net outflows of $1 billion and market appreciation of $1 billion over the year. Over 80% of the Q4 outflows were from the Large Cap Value product, primarily from one sub-advisory client.
The company's ETF franchise now exceeds $200 million in assets, including the launch of the Westwood Enhanced Income Opportunity ETF (YLDW), and the MDST ETF surpassed $170 million in AUM. Westwood also closed its second oversubscribed private equity fund, Westwood Energy Secondaries Fund Two, with over $300 million in commitments.
Full-year sales growth reached $2.5 billion versus $2.1 billion in the prior year, a 20% increase, with institutional channel gross sales growth of 36% and intermediary distribution team gross sales growth of 32% versus 2024. The Board of Directors approved a regular cash dividend of $0.15 per common share.

Feb 13, 2026, 9:30 PM

Transcript

Westwood Holdings Group Reports Q4 and Full Year 2025 Results

WHG

Earnings

Dividends

New Projects/Investments

Westwood Holdings Group reported Q4 2025 revenues of $27.1 million and full-year 2025 revenues of $97.762 million.
Diluted EPS for Q4 2025 was $0.21, while full-year 2025 diluted EPS was $0.79.
The company's firmwide assets under management and advisement totaled $17.4 billion, and it held $44.1 million in cash and liquid investments at December 31, 2025.
Operational achievements include securing its first institutional client for the Managed Investment Solutions team, expanding its ETF platform to over $200 million in assets, and closing energy secondaries and co-investment funds with over $300 million in capital commitments.
A cash dividend of $0.15 per common share was declared for Q4 2025, payable on April 1, 2026.

Feb 13, 2026, 9:12 PM

8-K

Westwood Holdings Group Announces Q4 and Full Year 2025 Results

WHG

Earnings

Dividends

New Projects/Investments

Westwood Holdings Group reported Q4 2025 revenues of $27.1 million and diluted EPS of $0.21, contributing to full-year 2025 revenues of $97.8 million and diluted EPS of $0.79.
The company's ETF platform now exceeds $200 million in Assets Under Management (AUM), and its second flagship energy secondaries fund, WES II, closed with over $300 million in commitments.
Firmwide assets under management and advisement totaled $17.4 billion, including $16.5 billion in AUM, as of December 31, 2025.
Westwood maintained a strong financial position with $44.1 million in cash and liquid investments and no debt at December 31, 2025, and declared a cash dividend of $0.15 per common share.

Feb 13, 2026, 9:10 PM

Press Release

Westwood Holdings Group Closes Second Flagship Energy Secondaries Fund with Over $300 Million Raised

WHG

New Projects/Investments

Westwood Holdings Group announced the final close of Westwood Energy Secondaries Fund II, LLC (WES II) and two related co-investment funds, securing over $300 million in capital commitments, significantly surpassing its $150 million target.
Since launching its initial flagship energy secondaries fund in 2023, the firm has raised nearly $350 million and invested over $250 million across two flagship funds and three co-investment funds.
WES II aims to achieve attractive, risk-adjusted returns through investments in a diversified portfolio of energy-focused secondary and continuation fund opportunities, primarily targeting 7-12 year-old limited partnership interests at a significant discount.
The Funds deployed $200 million in energy investments in 2025 and have approximately $100 million remaining to deploy in 2026.

Jan 14, 2026, 1:00 PM

Press Release

Westwood Announces Monthly Income Distributions for ETFs

WHG

Dividends

Product Launch

New Projects/Investments

Westwood Holdings Group (WHG) announced monthly income distributions for its Westwood Salient Enhanced Midstream Income ETF (MDST) and Westwood Salient Enhanced Energy Income ETF (WEEI), which deliver income from dividends and options premiums.
As of January 5, 2026, MDST has a distribution per share of $0.225 and an annualized distribution rate of 10.3%, with $172 million in net assets.
WEEI, as of January 5, 2026, also has a distribution per share of $0.225 but an annualized distribution rate of 12.4%, with $35 million in net assets.
Both ETFs, launched in April 2024, reported their current month's distribution as 100% return of capital (ROC).
As of December 31, 2025, MDST's Fund NAV return since inception was 13.59%, while WEEI's was 3.87%.

Jan 12, 2026, 1:00 PM

Press Release

Westwood Holdings Group Reports Increased Q3 2025 Revenue and Earnings with Strong ETF Growth

WHG

Earnings

Product Launch

Dividends

Westwood Holdings Group (WHG) reported total revenues of $24.3 million and non-GAAP economic earnings of $5.7 million ($0.64 per share) for Q3 2025, showing increases compared to both Q2 2025 and Q3 2024.
Firm-wide assets under management and advisement totaled $18.3 billion at quarter end, with net outflows of $0.7 billion in AUM offset by $0.7 billion in market appreciation.
The Enhanced Midstream Income ETF (MDST) surpassed $150 million in assets under management and was the second-best-selling fund in its peer group in September.
WHG launched 11 new sector ETFs and saw its Income Opportunity Fund receive a Morningstar ratings upgrade to four stars.
The company's private fundraising has exceeded its 2025 annual goal by 1.5 times through September 30, and the Board of Directors approved a regular cash dividend of $0.15 per common share.