LBJ Family Wealth Advisors Q3 2026 Portfolio Changes: Strategic Buys and Sells in US and International Equities

As of September 30, 2026, the portfolio managed by LBJ Family Wealth Advisors, Ltd. has undergone several notable changes during the third quarter of 2026. The total portfolio value remains substantial at $195,863.00, but the composition has shifted significantly, reflecting both strategic additions and reductions across various asset classes.

Prominent Purchases and New Positions

The third quarter saw a clear emphasis on buying, particularly in international government bonds and established US equity index funds. The investor significantly increased their position in the SPDR FTSE INTERNATIONAL GOVERNMENT INFLATION-PROTECTED BOND ETF (WIP), adding 5,443 shares. This ETF, which focuses on inflation-hedging instruments, now accounts for 4.98% of the portfolio. Another substantial purchase was made in the ISHARES TR RUS MD CP GR ETF (IWP), adding 2,147 shares to this mid-cap focused fund, increasing its portfolio allocation to 9.31%. The VANGUARD INTL EQUITY INDEX FDS FTSE EMR MKT ETF (VWO) also received a notable boost with 1,559 additional shares, now representing 3.43% of the assets. Furthermore, the investor established a new position with the VANGUARD SCOTTSDALE FUNDS VANGUARD RUSS1000 VALUE IDX FD ETF (VONV), investing via 30,292 shares acquired, though this position remains relatively small at 1.68%. The most significant single purchase was the VANGUARD SCOTTSDALE FUNDS VANGUARD RUSS1000 GROWTH IDX FD ETF (VONG), acquiring 14,730 shares, bringing its allocation to 0.97%. A particularly noteworthy addition was the MICRON TECHNOLOGY INC COM (MU), where the investor acquired 336 shares, representing a 100.0% increase, making it a significant holding at 0.18% of the portfolio. Finally, the ISHARES RUSSELL MID-CAP VALUE ETF (IWS) saw an increase of 979 shares, boosting its allocation to 10.33%.

Strategic Reductions and Sales

Conversely, the investor reduced their exposure in several large US equity holdings during Q3 2026. The largest position, ISHARES TR RUS 1000 GRW ETF (IWF), experienced a significant decrease of 1,487 shares, lowering its portfolio percentage to 23.98%. Another major US equity fund, ISHARES RUSSELL 1000 VALUE ETF (IWD), saw a reduction of 461 shares, decreasing its allocation slightly to 19.7%. The ISHARES TR RUS 1000 GRW ETF allocation was also impacted by the overall reduction, bringing it down to 23.98%. The VANGUARD INDEX FDS VANGUARD TOTAL STK MKT ETF (VTI) experienced a substantial sell, with 1,011 shares sold, resulting in a -25.52% change and leaving its allocation at just 0.56%. The ISHARES MSCI EAFE ETF (EFA) also saw a reduction of 502 shares, decreasing its allocation to 3.52%. Additionally, the investor sold shares in the ISHARES TRUST MSCI EMG MKTS ETF USD DIS (EEM), reducing its allocation to 1.01%. There was also a reduction in the ISHARES RUSSELL 2000 VALUE ETF (IWN), with 382 shares sold, decreasing its allocation to 6.39%.

Industry-Specific Activity

The investor's actions also reflect targeted adjustments within specific sectors. In the Energy sector, the portfolio saw a notable increase with the addition of EXXON MOBIL CORP COM (XOM) via 21,833 shares acquired, boosting its allocation to 1.81%. This suggests a continued interest in large-cap energy companies. For Technology, the addition of MICRON TECHNOLOGY INC COM (MU) via a 100.0% increase in just one quarter indicates a significant, albeit small-scale, interest in this specific tech stock. In the Financial Services sector, the investor sold shares of TEXAS CAP BANCSHARES INC COM (TCBI), reducing its allocation to 0.81%. This sale, though small in percentage terms, shows a reduction in exposure to this particular financial stock.

Overall Portfolio Shift

The changes this quarter indicate a clear shift in focus towards international assets, particularly inflation-protected bonds, alongside targeted buys in specific US large-cap and mid-cap stocks. The portfolio's allocation to US large-cap stocks has decreased from previous levels, while exposure to certain international funds and a new US tech stock has increased. This strategy appears to be balancing growth potential with diversification and a degree of inflation protection. The data shows that the investor has been active, with changes occurring in 22 holdings out of 29, suggesting a dynamic approach to managing their assets.