# HOWARD FINANCIAL SERVICES, LTD.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1768130. Source: https://holderbook.com/funds/1768130-howard-financial-services-ltd/

- Reported value: $1.0B
- Positions: 268
- Weight of the ten largest: 48.4%
- Filed: 2026-07-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $112.7M | 513,557 | 11.3% | 27 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $61.9M | 1,953,598 | 6.2% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $47.5M | 200,595 | 4.7% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $40.1M | 138,692 | 4.0% | 31 |
| INVESCO EXCHANGE TRADED FD T | [SPGP](https://holderbook.com/stocks/SPGP/) | $40.1M | 327,925 | 4.0% | 16 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $39.9M | 187,403 | 4.0% | 31 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $38.1M | 398,575 | 3.8% | 31 |
| INVESCO ACTIVELY MANAGED EXC | [GTO](https://holderbook.com/stocks/GTO/) | $37.5M | 799,598 | 3.7% | 17 |
| HARTFORD FDS EXCHANGE TRADED | [HTRB](https://holderbook.com/stocks/HTRB/) | $34.3M | 1,016,250 | 3.4% | 23 |
| PGIM ETF TR | [PTRB](https://holderbook.com/stocks/PTRB/) | $32.4M | 781,736 | 3.2% | 16 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $27.6M | 816,706 | 2.8% | 5 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $25.6M | 517,003 | 2.6% | 26 |
| FIRST TR EXCHANGE-TRADED FD | [RDVY](https://holderbook.com/stocks/RDVY/) | $24.3M | 299,667 | 2.4% | 18 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $23.8M | 451,265 | 2.4% | 31 |
| VANECK ETF TRUST | [ANGL](https://holderbook.com/stocks/ANGL/) | $20.2M | 690,639 | 2.0% | 16 |
| SSGA ACTIVE ETF TR | [TOTL](https://holderbook.com/stocks/TOTL/) | $19.4M | 492,358 | 1.9% | 27 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $18.4M | 197,383 | 1.8% | 25 |
| WISDOMTREE TR | [XSOE](https://holderbook.com/stocks/XSOE/) | $18.3M | 372,715 | 1.8% | 26 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $17.8M | 23,788 | 1.8% | 31 |
| SPDR SERIES TRUST | [SJNK](https://holderbook.com/stocks/SJNK/) | $16.8M | 670,023 | 1.7% | 15 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $16.4M | 82,044 | 1.6% | 23 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $12.3M | 16,641 | 1.2% | 26 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $10.2M | 97,692 | 1.0% | 26 |
| VANGUARD MALVERN FDS | [VPLS](https://holderbook.com/stocks/VPLS/) | $9.7M | 125,340 | 1.0% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $9.4M | 25,262 | 0.9% | 31 |
| PACER FDS TR | [CALF](https://holderbook.com/stocks/CALF/) | $8.8M | 173,595 | 0.9% | 22 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.8M | 36,786 | 0.9% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $7.6M | 15,223 | 0.8% | 24 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $7.6M | 150,222 | 0.8% | 20 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $6.9M | 18,322 | 0.7% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $6.3M | 17,727 | 0.6% | 25 |
| FIRST TR EXCH TRADED FD III | [FPE](https://holderbook.com/stocks/FPE/) | $6.1M | 341,178 | 0.6% | 16 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $5.5M | 7,299 | 0.5% | 12 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $5.1M | 139,438 | 0.5% | 14 |
| SABINE RTY TR | [SBR](https://holderbook.com/stocks/SBR/) | $5.0M | 68,187 | 0.5% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $4.3M | 30,459 | 0.4% | 14 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $4.1M | 11,079 | 0.4% | 22 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $3.9M | 201,504 | 0.4% | 31 |
| LATTICE STRATEGIES TR | [RODM](https://holderbook.com/stocks/RODM/) | $3.6M | 88,991 | 0.4% | 26 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $3.2M | 93,520 | 0.3% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $3.1M | 6,449 | 0.3% | 8 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $2.9M | 81,218 | 0.3% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.9M | 21,313 | 0.3% | 31 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $2.7M | 48,413 | 0.3% | 10 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $2.6M | 2,242 | 0.3% | 7 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $2.6M | 2,257 | 0.3% | 5 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $2.5M | 91,676 | 0.3% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.5M | 7,710 | 0.3% | 31 |
| FIRST TR EXCHNG TRADED FD VI | [FIXD](https://holderbook.com/stocks/FIXD/) | $2.5M | 56,809 | 0.2% | 27 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $2.3M | 43,221 | 0.2% | 6 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.2M | 5,123 | 0.2% | 24 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.1M | 5,942 | 0.2% | 30 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $2.1M | 22,309 | 0.2% | 14 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.1M | 15,202 | 0.2% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.0M | 1,693 | 0.2% | 11 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $2.0M | 6,771 | 0.2% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.9M | 7,616 | 0.2% | 31 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.9M | 16,403 | 0.2% | 21 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.8M | 18,933 | 0.2% | 16 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $1.8M | 4,056 | 0.2% | 8 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $1.7M | 2,254 | 0.2% | 10 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.6M | 14,487 | 0.2% | 24 |
| SOUTHSTATE BK CORP | [SSB](https://holderbook.com/stocks/SSB/) | $1.6M | 16,149 | 0.2% | 4 |
| SCHWAB STRATEGIC TR | [FNDA](https://holderbook.com/stocks/FNDA/) | $1.5M | 39,730 | 0.2% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.5M | 2,598 | 0.1% | 14 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.5M | 12,446 | 0.1% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.5M | 3,893 | 0.1% | 7 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.4M | 5,054 | 0.1% | 14 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.4M | 2,637 | 0.1% | 23 |
| VIPER ENERGY INC | [VNOM](https://holderbook.com/stocks/VNOM/) | $1.3M | 31,744 | 0.1% | 4 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $1.3M | 17,044 | 0.1% | 16 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $1.3M | 2,021 | 0.1% | 5 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.3M | 5,209 | 0.1% | 23 |
| DORCHESTER MINERALS LP | [DMLP](https://holderbook.com/stocks/DMLP/) | $1.3M | 51,649 | 0.1% | 31 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $1.3M | 73,456 | 0.1% | 2 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.3M | 3,801 | 0.1% | 12 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.3M | 1,882 | 0.1% | 14 |
| BLACK STONE MINERALS L P | [BSM](https://holderbook.com/stocks/BSM/) | $1.3M | 92,418 | 0.1% | 31 |
| GOLDMAN SACHS ETF TR | [GPIX](https://holderbook.com/stocks/GPIX/) | $1.2M | 21,886 | 0.1% | 3 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $1.2M | 13,624 | 0.1% | 20 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.2M | 14,291 | 0.1% | 17 |
| TIDAL TRUST II | [CHAT](https://holderbook.com/stocks/CHAT/) | $1.2M | 11,764 | 0.1% | 1 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.1M | 8,945 | 0.1% | 25 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $1.1M | 22,437 | 0.1% | 31 |
| SOUTHWEST AIRLS CO | [LUV](https://holderbook.com/stocks/LUV/) | $1.1M | 21,615 | 0.1% | 31 |
| ANNALY CAPITAL MANAGEMENT IN | [NLY](https://holderbook.com/stocks/NLY/) | $1.1M | 48,566 | 0.1% | 7 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.1M | 1,868 | 0.1% | 3 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.0M | 5,800 | 0.1% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.0M | 1,110 | 0.1% | 12 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $980.7K | 10,702 | 0.1% | 17 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $980.6K | 12,717 | 0.1% | 22 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $980.4K | 17,206 | 0.1% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $974.6K | 2,841 | 0.1% | 23 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $969.7K | 11,706 | 0.1% | 15 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $967.5K | 4,628 | 0.1% | 11 |
| GRAHAM HLDGS CO | [GHC](https://holderbook.com/stocks/GHC/) | $962.8K | 844 | 0.1% | 22 |
| NATIONAL BK HLDGS CORP | [NBHC](https://holderbook.com/stocks/NBHC/) | $941.5K | 21,191 | 0.1% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $932.6K | 5,626 | 0.1% | 25 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $929.7K | 3,067 | 0.1% | 2 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $922.0K | 11,444 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.0% | +14.8% | -5.9% | 100% |
| Q1 2026 | -1.3% | -4.6% | +3.4% | 100% |
| Q4 2025 | +1.2% | +2.4% | -1.2% | 100% |
| Q3 2025 | +5.4% | +7.8% | -2.4% | 100% |
| Q2 2025 | +4.7% | +10.5% | -5.8% | 100% |
| Q1 2025 | -1.9% | -4.6% | +2.7% | 100% |
| Q4 2024 | -1.5% | +2.1% | -3.6% | 100% |
| Q3 2024 | +5.7% | +5.4% | +0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.0B | 268 |
| Q1 2026 | $888.0M | 223 |
| Q4 2025 | $855.1M | 205 |
| Q3 2025 | $817.3M | 199 |
| Q2 2025 | $760.7M | 183 |
| Q1 2025 | $734.4M | 183 |
| Q4 2024 | $735.1M | 186 |
| Q3 2024 | $692.5M | 168 |
| Q2 2024 | $610.2M | 156 |
| Q1 2024 | $580.5M | 159 |
| Q4 2023 | $518.7M | 153 |
| Q3 2023 | $436.2M | 147 |