SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934 (Amendment No. 7)

Westwood Holdings Group, Inc.
(Name of Issuer)

Common Stock $0.01 Par Value Per Share
(Title of Class of Securities)

961765104
(CUSIP Number)

James E. McKee
Gabelli Asset Management Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5294
(Name, Address and Telephone Number of Person Authorized to Receive Notices and 
Communications)

July 29, 2005
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report 
the acquisition that is the subject of this Schedule 13D, and is filing this 
schedule because of Section 240.13d-1(e), 240.13d-1(f) 
or 240.13d-1(g), check the following box.  

CUSIP No. 961765104                                                             
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Gabelli Asset Management Inc.                                                      
I.D. NO.  13-4007862    
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)     
(a)     

(b)     

3
SEC USE ONLY

4
Source of funds (SEE INSTRUCTIONS)
WC

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
PURSUANT TO ITEMS 2 (d) OR 2 (e)   

6
CITIZENSHIP OR PLACE OF ORGANIZATION
New York

NUMBER OF

SHARES

BENEFICIALLY

OWNED

BY EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER                               

1,086,550 (Item 5)

8

SHARED VOTING POWER                             

NONE

9

SOLE DISPOSITIVE POWER                          

1,086,550 (Item 5)

10

SHARED DISPOSITIVE POWER                        

NONE
11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,086,550 (Item 5) 
12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)                      
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

18.84%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC, CO
CUSIP No. 961765104                                                             
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

GGCP, Inc.                                                             
I.D. NO.  13-3056041    
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)     
(a)                     

(b)     

3
SEC USE ONLY

4
Source of funds (SEE INSTRUCTIONS)
None

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
PURSUANT TO ITEMS 2 (d) OR 2 (e)   

6
CITIZENSHIP OR PLACE OF ORGANIZATION
New York

NUMBER OF

SHARES

BENEFICIALLY

OWNED

BY EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER                               

None 

8

SHARED VOTING POWER                             

NONE

9

SOLE DISPOSITIVE POWER                          

NONE 

10

SHARED DISPOSITIVE POWER                        

NONE
11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

NONE 
12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) X                                                                    
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

NONE 
14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC, CO
CUSIP No. 961765104                                                                             
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Mario J. Gabelli        
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)     
(a)     

(b)     

3
SEC USE ONLY

4
Source of funds (SEE INSTRUCTIONS)
None

5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
PURSUANT TO ITEMS 2 (d) OR 2 (e)   

6
CITIZENSHIP OR PLACE OF ORGANIZATION
USA

NUMBER OF

SHARES

BENEFICIALLY

OWNED

BY EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER                               

None 

8

SHARED VOTING POWER                             

NONE

9

SOLE DISPOSITIVE POWER                          

NONE 

10

SHARED DISPOSITIVE POWER                        

NONE
11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

NONE 
12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) X                    
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

0.00%
14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN

Item 1.         Security and Issuer
This Amendment No. 7 to Schedule 13D on the Common Stock of 
Westwood Holdings Group, Inc. (the "Issuer") is being filed on behalf of the 
undersigned to amend the Schedule 13D, as amended (the "Schedule 13D") which 
was originally filed on August 28, 2003.  Unless otherwise indicated, all 
capitalized terms used herein but not defined herein shall have the same 
meaning as set forth in the Schedule 13D. 

Item 2.         Identity and Background
(a) (b) and (c) - This statement is being filed by Mario J. Gabelli 
("Mario Gabelli"), GGCP, Inc.
formerly known as Gabelli Group Capital Partners, Inc. ("GGCP"), and Gabelli 
Asset Management Inc. ("GBL").  The foregoing persons signing this Schedule 13D 
are hereafter referred to as the "Reporting Persons".   
GGCP makes investments for its own account and is the parent 
company of GBL.  GBL, a public company listed on the New York Stock Exchange, 
is the parent company for a variety of companies engaged in the securities 
business. 
Mario Gabelli is the majority stockholder and Chairman of the Board 
of Directors and Chief 
Executive Officer of GGCP and GBL.  
GGCP and GBL are New York corporations.  GBL has its principal 
offices at One Corporate Center, Rye, New York 10580.  GGCP has its principal 
offices at 140 Greenwich Avenue, Greenwich, CT 06830.
For information required by instruction C to Schedule 13D with 
respect to the executive officers and directors of the foregoing entities and 
other related persons (collectively, "Covered Persons"), reference is made to 
Schedule I annexed hereto and incorporated herein by reference.
(f) - Reference is made to Schedule I hereto.

Item 3.         Source and Amount of Funds or Other Consideration
Item 3 to Schedule 13D is amended, in pertinent part, as follows:
GBL used approximately $86,127 of working capital to purchase the 
additional Securities reported by it since the most recent filing on Schedule 
13D.

Item 4.         Purpose of Transaction
On August 1, 2005 Gabelli Advisers, Inc. ("Gabelli Advisers"), an 
approximately 42%-owned subsidiary of GBL in which the Issuer has an 
approximately 19% equity ownership interest, received a letter from the Issuer 
requesting that GBL enter into discussions with the Issuer regarding the 
Issuer's purchase of GBL's interest in Gabelli Advisers.  If GBL is unwilling 
to enter into such discussions, the Issuer requested that GBL purchase the 
Issuer's interest in Gabelli Advisers using a valuation metric to be agreed.  
The Issuer subadvises five of the six registered investment company portfolios 
managed by Gabelli Advisers.  GBL may discuss with the Issuer and others the 
repurchase of the Issuer's ownership interest in Gabelli Adviser, the sale of 
GBL's ownership of Gabelli Advisers or other alternatives.  

Item 5.         Interest In Securities Of The Issuer
Item 5 to Schedule 13D is amended, in pertinent part, as follows:
(a)     The aggregate number of Securities to which this Schedule 13D 
relates is 1,086,550 shares,
representing 18.84% of the 5,766,022 shares outstanding as reported in the 
Issuer's most recent Form 10-Q for the quarterly period ended June 30, 2005.  
The Reporting Persons beneficially own those Securities as follows:

Name
Shares of
Common Stock
% of Class 
of
Common

GBL

1,086,550

18.84%

Mario Gabelli
0
0.00%

Mario Gabelli and GGCP are deemed to have beneficial ownership of 
the Securities owned beneficially by GBL.       
(b) Each of the Reporting Persons and Covered Persons has the sole 
power to vote or direct the vote and sole power to dispose or to direct the 
disposition of the Securities reported for it, either for its own benefit or 
for the benefit of its investment clients or its partners, as the case may be, 
except that the power of Mario Gabelli, GBL, and GGCP is indirect with respect 
to Securities beneficially owned directly by other Reporting Persons.
(c) Information with respect to all transactions in the Securities 
which were effected during the past sixty days or since the most recent filing 
on Schedule 13D, whichever is less, by each of the Reporting Persons and 
Covered Persons is set forth on Schedule II annexed hereto and incorporated 
herein by reference.
(e) 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.
Dated:  June 8, 2005

MARIO J. GABELLI
GGCP, INC.

By:/s/ James E. McKee                   
James E. McKee
Attorney-in-Fact

GABELLI ASSET MANAGEMENT INC.

By:/s/ James E. McKee                   
James E. McKee
Secretary 

SCHEDULE I
Information with Respect to Executive
Officers and Directors of the Undersigned

Schedule I to Schedule 13D is amended, in pertinent part, as 
follows:

The following sets forth as to each of the executive officers and 
directors of the undersigned: his name; his business address; his 
present principal occupation or employment and the name, principal 
business and address of any corporation or other organization in 
which such employment is conducted.  Unless otherwise specified, 
the principal employer of each such individual is GGCP, Inc., 
Gabelli Asset Management Inc., Gabelli Funds, LLC, Gabelli & 
Company, Inc., or GAMCO Investors, Inc., the business address of 
each of which is One Corporate Center, Rye, New York 10580, and 
each such individual identified below is a citizen of the United 
States.  To the knowledge of the undersigned, during the last five 
years, no such person has been convicted in a criminal proceeding 
(excluding traffic violations or similar misdemeanors), and no such 
person was a party to a civil proceeding of a judicial or 
administrative body of competent jurisdiction as a result of which 
he was or is subject to a judgment, decree or final order enjoining 
future violations of, or prohibiting or mandating activities 
subject to, federal or state securities law or finding any 
violation with respect to such laws except as reported in Item 2(d) 
of this Schedule 13D.

GGCP, Inc.
Directors:

Vincent J. Amabile

Mario J. Gabelli  
Business Consultant
Chief Executive Officer and Chief Investment 
Officer of GGCP, Inc., Gabelli Asset Management 
Inc., and GAMCO Investors, Inc.; Director/Trustee 
of all registered investment companies advised by 
Gabelli Funds, LLC; Chief Executive Officer of 
Lynch Interactive Corporation.

Charles C. Baum
Secretary & Treasurer
United Holdings Co., Inc.
2545 Wilkens Avenue
Baltimore, MD   21223

Arnold M. Reichman
Business Consultant

Marc J. Gabelli
President of GGCP, Inc.; Chairman of Lynch 
Corporation

Matthew R. Gabelli
Vice President - Trading
Gabelli & Company, Inc.
One Corporate Center
Rye, New York 10580
Officers:

Mario J. Gabelli
Marc J. Gabelli
Chairman, Chief Executive Officer and Chief 
Investment Officer

President Henry Kiernan
Vice President, Chief Financial Officer and 
Secretary

Gabelli Asset Management 
Inc.
Directors:

Edwin L. 
Artzt

Raymond C. 
Avansino, Jr.

Former Chairman and Chief Executive Officer
Procter & Gamble Company
900 Adams Crossing
Cincinnati, OH 45202

Chairman
E.L. Wiegand Foundation
165 West Liberty Street
Reno, NV 89501

Mario J. Gabelli

John D. 
Gabelli

See above

Senior Vice President

John C. Ferrara
See below

Karl Otto Pohl (1)

Robert S. 
Prather

Frederic V. 
Salerno

Vincent S. 
Tese

Alan C. 
Heuberger

Sal. Oppenheim jr. & Cie.
Bockenheimer Landstrasse 20
D-6000 FRANKFURT AM MAIN
Germany

President & Chief Operating Officer
Gray Television, Inc.
4370 Peachtree Road, NE
Atlanta, GA 30319

Former Vice Chairman and Chief Financial Officer 
Verizon Communications

Lawyer, Investment Adviser and Cable Television 
Executive
c/o Bear Stearns & Company, Inc.
245 Park Avenue, 19th Floor
New York, NY 10167

Cascade Investment LLC
2365 Carillon Point
Kirkland, WA 98033

Officers:

Mario J. Gabelli

Chairman, Chief Executive Officer and Chief 
Investment Officer

Douglas R. Jamieson

Henry G. Van der Eb

Michael R. Anastasio, 
Jr.

President and Chief Operating Officer

Senior Vice President

Vice President and Chief Financial Officer
James E. McKee

Vice President, General Counsel and Secretary 

GAMCO Investors, Inc.
Directors:

Douglas R. Jamieson
Joseph R. Rindler, 
Jr.
Regina M. Pitaro
F. William Scholz, II
William S. Selby

Officers:

Mario J. Gabelli
Chief Investment Officer

Joseph R. Rindler, 
Jr.
Chairman

Douglas R. Jamieson

Michael R. 
Anastasio, Jr.
Executive Vice President and Chief Operating 
Officer

Vice President and Chief Financial Officer
Gabelli Funds, LLC
Officers:

Mario J. Gabelli

Chief Investment Officer
Bruce N. Alpert
Executive Vice President and Chief Operating 
Officer

James E. McKee
Secretary

Gabelli Advisers, Inc.
Directors:

Bruce N. Alpert
John D. Gabelli
Joseph R. Rindler. 
Jr.

Officers:

Bruce N. Alpert
Chief Operating Officer

James E. McKee
Secretary

Gabelli Securities, Inc.

Directors:

Robert W. Blake
President of W. R. Blake & Sons, Inc.
196-20 Northern Boulevard
Flushing, NY   11358

Douglas G. DeVivo
General Partner of ALCE Partners, L.P.
One First Street, Suite 16
Los Altos, CA   94022

Joseph R. Rindler, 
Jr.

Douglas R. 
Jamieson

F. William 
Scholz, II

See above 

President and Chief Operating Officer

See above

Officers:

Douglas R. Jamieson

Michael R. 
Anastasio

James E. McKee
See above

Vice President and Chief Financial Officer

Assistant Secretary

Gabelli & Company, Inc.
Directors:

James G. Webster, III
Chairman & Interim President

Irene Smolicz
Senior Trader
Gabelli & Company, Inc.

Officers:

James G. Webster, III
Chairman & Interim President

Bruce N. Alpert
Vice President - Mutual Funds

James E. McKee
Secretary

Lynch Corporation, 
140 Greenwich Avenue, 4th Floor
Greenwich, CT 06830

Directors:

E. Val Cerutti

Business Consultant, Cerutti Consultants
227 McLain Street
Mount Kisco, NY   10540

Avrum Gray

Marc J. Gabelli

John C. Ferrara

Anthony R. 
Pustorino

Gbar Limited Partnership
440 South LaSalle, Suite 2900
Chicago, IL 60605

Chairman

President and Chief Executive Officer

Professor Emeritus
Pace University
1 Martine Avenue
White Plains, NY 10606

Officers:

John C. Ferrara
See above

Eugene Hynes
Secretary and Treasurer

Lynch Interactive Corporation, 
401 Theodore Fremd Avenue Rye, NY 10580

Directors:

Paul J. Evanson
President
Allegheny Energy, Inc.
10435 Downsville Pike
Hagerstown, MD 21740

Mario J. Gabelli

See above - GGCP, Inc.

Salvatore Muoio
Principal
S. Muoio & Co., LLC
Suite 406
509 Madison Ave.
New York, NY 10022

Daniel Lee

Morris Berkowitz

John C. Ferrara
Chairman and Chief Executive Officer
Pinnacle Entertainment, Inc.
3800 Howard Hughes Parkway, Suite 1800 
Las Vegas, Nevada 89109 

Consultant
Lynch Interactive Corporation
401 Theodore Fremd Ave.
Rye, NY 10580

See above

Officers:

Mario J. Gabelli
Chairman and Chief Executive Officer

Robert E. Dolan 

Chief Financial Officer

John A. Cole

Vice President, Corporate Development
Secretary and General Counsel
(1) Citizen of Germany

SCHEDULE II
INFORMATION WITH RESPECT TO
TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)
SHARES PURCHASED      AVERAGE
DATE              SOLD(-)          PRICE(2)
COMMON STOCK-WESTWOOD HLDGS GROUP
GABELLI ASSET MANAGEMENT INC.
7/12/05            1,600            17.9288
7/05/05            3,200            17.9500 

(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
ON THE NYSE. 

(2) PRICE EXCLUDES COMMISSION.