UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (Amendment No. 8)*


                          Westwood Holdings Group, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
                          (Title of Class of Securities)

                                   961765 10 4
                                ----------------
                                 (CUSIP Number)

                                December 31, 2010
--------------------------------------------------------------------------------
            (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

/ /      Rule 13d-1(b)
/ /      Rule 13d-1(c)
/X/      Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


CUSIP No. 96175 10 4
--------------------------------------------------------------------------------

1.     Names of Reporting Persons.
       I.R.S. Identification Nos. of above persons (entities only).

       Susan M. Byrne

--------------------------------------------------------------------------------

2.     Check the appropriate box if a member of a group (see instructions)
          (a)
          (b)

--------------------------------------------------------------------------------

3.     SEC use only

--------------------------------------------------------------------------------

4.     Citizenship or place of organization:  USA

--------------------------------------------------------------------------------

Number of                5.  Sole voting power:  894,000
Shares                   --------------------------------------------------
beneficially             6.  Shared voting power: 0
owned by                 --------------------------------------------------
each reporting           7.  Sole dispositive power: 794,000
person with:             --------------------------------------------------
                         8.  Shared dispositive power: 0

--------------------------------------------------------------------------------

9.     Aggregate amount beneficially owned by each reporting person: 894,000

10.    Check box if the aggregate amount in Row (9) excludes
       certain shares. [  ]

11.    Percent of class represented by amount in Row (9): 11.7%

--------------------------------------------------------------------------------

12.    Type of reporting person (see instructions): IN

--------------------------------------------------------------------------------

ITEM 1.

          (a)  Name of Issuer:

                    Westwood Holdings Group, Inc.

          (b)  Address of Issuer's Principal Executive Offices:

                    200 Crescent Court, Suite 1200
                    Dallas, Texas 75201

ITEM 2.

          (a)  Name of Person Filing:

                    Susan M. Byrne

          (b)  Address of Principal Business Office or, if none, Residence:

                    c/o Westwood Holdings Group, Inc.,
                    200 Crescent Court, Suite 1200
                    Dallas, Texas 75201

          (c)  Citizenship:

                    USA

          (d)  Title of Class of Securities:

                    Common Stock, par value $0.01 per share

          (e)  CUSIP Number:

                    961765 10 4

ITEM 3.  If this statement is filed pursuant to Rule 240.13d-1(b) or
         240.13d-2(b) or (c), check whether the person filing is a:

               Not applicable.

ITEM 4.  Ownership.

Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.

      (a)  Amount beneficially owned:  894,000

      (b)  Percent of class:  11.7%

      (c)  Number of shares as to which the person has:

           (i)    Sole power to vote or to direct the vote: 894,000

           (ii)   Shared power to vote or to direct the vote: 0

           (iii)  Sole power to dispose or to direct the disposition of: 794,000

           (iv)   Shared power to dispose or to direct the disposition of: 0

ITEM 5.  Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following. [  ]

ITEM 6.  Ownership of More than Five Percent on Behalf of Another Person.

               Not applicable.

ITEM 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on by the Parent Holding Company.

               Not applicable.

ITEM 8.  Identification and Classification of Members of the Group.

               Not applicable.

ITEM 9.  Notice of Dissolution of Group.

               Not applicable.

ITEM 10. Certification.

               Not applicable.


                                   Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.


                                        February 11, 2011
                                        ----------------------
                                        Date

                                        /s/ Susan M. Byrne
                                        ----------------------
                                        Signature

                                        Susan M. Byrne, Chief Investment Officer
                                        ----------------------------------------
                                        Name/Title