Howard Financial Services, LTD.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 16, 2024), Howard Financial Services, LTD. reported 159 stock positions worth $580.2 million. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 10.5% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 8.4%) and Invesco S&P 500 Equal Weight (RSP, 6.6%). Compared with Q4 2023, it opened 13 new positions, sold out of 6, added to 75 and reduced 51. The biggest buy was Invesco Total Return Bond Et (GTO, shares +41%) and the biggest sale Invesco S&P 500 Equal Weight (RSP, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001768130
- Portfolio Value
- $580.2M (Q1 2024)
- SEC Filing
- 0001768130-24-000001 ↗ filed Apr 16, 2024
Holdings Value
Holdings 159 stocks · $580.2M
| QUAL iShares MSCI USA Quality Fac | 10.45% | 369,040 | $60.7M | Reduce -0.5% |
| SCHD Schwab US DVD Equity ETF | 8.37% | 602,247 | $48.6M | Reduce -0.9% |
| RSP Invesco S&P 500 Equal Weight | 6.60% | 226,174 | $38.3M | Reduce -4.9% |
| VIG Vanguard Dividend Apprec ETF | 5.42% | 172,151 | $31.4M | Reduce -4.2% |
| AAPL Apple Inc. | 4.19% | 141,718 | $24.3M | Add +36.9% |
| SPGP Invesco S&P 500 Garp ETF | 3.76% | 204,668 | $21.8M | Add +12.8% |
| HTRB Hartford TTL RTRN BND ETF | 3.68% | 632,278 | $21.3M | Add +16.9% |
| GTO Invesco Total Return Bond Et | 3.43% | 425,753 | $19.9M | Add +40.5% |
| PTRB Pgim Total Return Bond ETF | 3.27% | 456,764 | $19.0M | Add +22.3% |
| TOTL SS Doubleline TR Tact ETF | 3.19% | 461,598 | $18.5M | Add +8.0% |
| FIXD First Trust Smith Opportunis | 3.10% | 413,109 | $18.0M | Add +4.9% |
| IQLT iShares MSCI International Q | 3.05% | 446,226 | $17.7M | Add +2.4% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 2.69% | 318,076 | $15.6M | Add +10.5% |
| VIGI Vanguard Int Div App Indx FD | 2.48% | 176,285 | $14.4M | Add +1.5% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 2.25% | 367,427 | $13.1M | Add +4.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.09% | 23,194 | $12.1M | Reduce -6.1% |
| RDVY First Trust Rising Dividend | 1.88% | 193,969 | $10.9M | Add +5.7% |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | 1.87% | 368,736 | $10.9M | Add +2.4% |
| SJNK SS SPDR BB St Hi Yield ETF | 1.60% | 367,475 | $9.3M | Add +46.7% |
| NVDA Nvidia Corp. | 1.36% | 8,748 | $7.9M | Add +3.0% |
| QQQ Invesco QQQ Trust Series 1 | 1.32% | 17,309 | $7.7M | Reduce -0.5% |
| DGRW Wisdomtree U.S. Quality Divi | 1.24% | 94,685 | $7.2M | Add +2.2% |
| MSFT Microsoft Corp. | 1.18% | 16,315 | $6.9M | Reduce -0.5% |
| CMG Chipotle Mexican Grill Inc. | 0.93% | 1,855 | $5.4M | Add +0.1% |
| JPST JPMorgan Ultra-Short Income | 0.91% | 104,570 | $5.3M | Reduce -1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.91% | 12,532 | $5.3M | Add +0.9% |
| ANGL Vaneck Fallen Angel High YLD | 0.76% | 152,843 | $4.4M | Add +35.4% |
| AMZN Amazon.com Inc. | 0.75% | 24,124 | $4.4M | Add +1.4% |
| FPE FT-Preferred Secur & Inc. ETF | 0.74% | 247,965 | $4.3M | Add +25.9% |
| RODM Hartford Multifact Dev MRKT | 0.70% | 144,389 | $4.0M | Reduce -6.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.67% | 42,626 | $3.9M | Add +43.6% |
| MOAT Vaneck Morningstar Wide Moat | 0.61% | 39,051 | $3.5M | Add +56.7% |
| PEP Pepsico Inc. | 0.54% | 17,845 | $3.1M | Reduce -0.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.48% | 10,653 | $2.8M | Add +16.3% |
| SCHF Schwab Intl Equity ETF | 0.45% | 66,650 | $2.6M | Reduce -1.2% |
| ET Energy Transfer LP | 0.44% | 162,702 | $2.6M | Add +1.8% |
| EPD Enterprise Products Partners | 0.44% | 87,675 | $2.6M | Add +1.6% |
| BSV Vanguard Short-Term Bond ETF | 0.44% | 33,341 | $2.6M | Add +9.2% |
| IVV iShares Core S&P 500 ETF | 0.43% | 4,763 | $2.5M | Reduce -5.2% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.34% | 78,000 | $2.0M | Add +15.2% |
| XOM Exxon Mobil Corp. | 0.29% | 14,439 | $1.7M | Add +0.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.29% | 22,575 | $1.7M | Reduce -0.9% |
| SBR Sabine Royalty Trust | 0.28% | 25,745 | $1.6M | Add +0.7% |
| JBI Janus International Group Inc. | 0.27% | 104,926 | $1.6M | No change |
| BSM Black Stone Minerals LP | 0.25% | 91,340 | $1.5M | Reduce -6.0% |
| CADE Cadence Bank | 0.25% | 50,090 | $1.5M | No change |
| AVGO Broadcom Inc. | 0.24% | 1,061 | $1.4M | Reduce -2.3% |
| IBTX Independent Bank Group Inc. | 0.22% | 27,698 | $1.3M | Add +0.8% |
| MA Mastercard Inc. Class A | 0.22% | 2,619 | $1.3M | Add +4.2% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.21% | 34,105 | $1.2M | No change |
| JPM JPMorgan Chase & Co. | 0.21% | 6,015 | $1.2M | Add +2.0% |
| JEPI JPMorgan Equity Premium Inco | 0.21% | 20,693 | $1.2M | Reduce -5.3% |
| DMLP Dorchester Minerals LP | 0.20% | 34,156 | $1.2M | Add +0.0% |
| OKE Oneok Inc. | 0.20% | 14,321 | $1.1M | Reduce -0.2% |
| SCHW Schwab (charles) Corp. | 0.19% | 15,085 | $1.1M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 0.18% | 7,080 | $1.1M | Add +7.4% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.18% | 18,124 | $1.0M | Add +0.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.17% | 11,984 | $980K | Reduce -4.0% |
| MRK Merck & Co. Inc. | 0.17% | 7,253 | $957K | Add +1.2% |
| NOC Northrop Grumman Corp. | 0.15% | 1,796 | $860K | Add +0.1% |
| TSLA Tesla Inc. | 0.15% | 4,864 | $855K | Add +22.1% |
| MPLX MPLX LP | 0.15% | 20,437 | $849K | New |
| VNOM Viper Energy Inc. | 0.14% | 20,362 | $783K | No change |
| IJH iShares Core S&P Midcap ETF | 0.13% | 12,813 | $778K | Reduce -1.1% |
| GOOG Alphabet Inc. Class C | 0.13% | 5,027 | $765K | Add +1.6% |
| AGG iShares Core U.S. Aggregate | 0.13% | 7,458 | $730K | Add +0.1% |
| PXD Pioneer Natural Resources Co. | 0.12% | 2,651 | $696K | Reduce -5.5% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.12% | 12,499 | $678K | Reduce -4.0% |
| LUV Southwest Airlines Co. | 0.11% | 22,765 | $665K | Add +0.7% |
| DIREXION SHS ETF TR | 0.11% | 200,000 | $642K | Add +566.7% |
| GHC Graham Holdings Co. Class B | 0.11% | 829 | $637K | Add +0.2% |
| COST Costco Wholesale Corp. | 0.11% | 865 | $634K | Reduce -0.6% |
| ABBV Abbvie Inc. | 0.10% | 3,299 | $601K | Reduce -13.3% |
| IEMG iShares Core MSCI Emerging | 0.10% | 11,610 | $599K | Reduce -0.5% |
| AMGN Amgen Inc. | 0.10% | 2,038 | $579K | Reduce -0.4% |
| HD Home Depot Inc. | 0.10% | 1,485 | $570K | Add +12.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.10% | 2,950 | $563K | Reduce -0.3% |
| JNJ Johnson & Johnson | 0.10% | 3,544 | $561K | Reduce -1.8% |
| GLD SPDR Gold Shares | 0.09% | 2,619 | $539K | Reduce -13.9% |
| TWO Two Harbors Investment Corp. filed as TWO HBRS INVT CORP | 0.09% | 39,657 | $525K | Add +2.3% |
| NFLX Netflix Inc. | 0.09% | 862 | $524K | Add +0.1% |
| CVX Chevron Corp. | 0.09% | 3,319 | $523K | Add +0.0% |
| AGNC AGNC Investment Corp. | 0.09% | 52,474 | $519K | Add +1.2% |
| VNQ Vanguard Real Estate ETF | 0.09% | 5,845 | $505K | Add +0.8% |
| ESGU iShares ESG Aware MSCI USA | 0.09% | 4,386 | $504K | Add +0.5% |
| NLY Annaly Capital Management Inc. | 0.09% | 25,580 | $504K | Add +0.8% |
| WMT Walmart Inc. | 0.08% | 8,158 | $491K | Reduce -1.1% |
| LEAD Siren Divcon Leaders Dividen | 0.08% | 7,161 | $473K | Reduce -7.4% |
| META Meta Platforms Inc. Class A | 0.08% | 973 | $472K | Add +1.4% |
| BKNG Booking Holdings Inc. | 0.08% | 130 | $472K | Add +0.8% |
| VOO Vanguard S&P 500 ETF | 0.08% | 976 | $469K | Add +0.2% |
| SHV iShares 0-1 Year Treasury Bo | 0.08% | 4,143 | $458K | No change |
| CSCO Cisco Systems Inc. | 0.08% | 9,060 | $452K | Reduce -6.3% |
| MIDU Dirxn DLY Mid Cap BL 3XE-Usi | 0.08% | 8,000 | $449K | No change |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.08% | 5,383 | $447K | Add +0.1% |
| NSC Norfolk Southern Corp. | 0.08% | 1,719 | $438K | No change |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.08% | 10,702 | $436K | No change |
| CAVA Cava Group Inc. | 0.07% | 6,085 | $426K | No change |
| COP Conocophillips | 0.07% | 3,302 | $420K | Reduce -18.2% |
| NXPI NXP Semiconductors NV | 0.07% | 1,692 | $419K | Reduce -0.7% |
Options reported separately and not counted above: SCHW calls ($314K).
Portfolio Sells Q4 2023 → Q1 2024
| RSP Invesco S&P 500 Equal Weight | Reduce -4.9% | 6.60% | −0.64 |
| SCHD Schwab US DVD Equity ETF | Reduce -0.9% | 8.37% | −0.56 |
| VIG Vanguard Dividend Apprec ETF | Reduce -4.2% | 5.42% | −0.49 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -6.1% | 2.09% | −0.17 |
| RODM Hartford Multifact Dev MRKT | Reduce -6.7% | 0.70% | −0.12 |
| JPST JPMorgan Ultra-Short Income | Reduce -1.3% | 0.91% | −0.12 |
| QUAL iShares MSCI USA Quality Fac | Reduce -0.5% | 10.45% | −0.08 |
| MDY State Street SPDR S&P Midcap | Sold out | 0.00% | −0.08 |
| SCHO Schwab Short-Term US Treas | Sold out | 0.00% | −0.08 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -48.5% | 0.05% | −0.06 |
| GT Goodyear Tire & Rubber Co. | Sold out | 0.00% | −0.05 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Sold out | 0.00% | −0.05 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.5% | 1.32% | −0.05 |
| BSM Black Stone Minerals LP | Reduce -6.0% | 0.25% | −0.05 |
| PEP Pepsico Inc. | Reduce -0.1% | 0.54% | −0.05 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.04 |
| SCHF Schwab Intl Equity ETF | Reduce -1.2% | 0.45% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -5.2% | 0.43% | −0.03 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -4.0% | 0.17% | −0.03 |
| PROSHARES TR | Sold out | 0.00% | −0.03 |
| JEPI JPMorgan Equity Premium Inco | Reduce -5.3% | 0.21% | −0.03 |
| INTC Intel Corp. | Reduce -3.5% | 0.07% | −0.02 |
| GRNT Granite Ridge Resources Inc. | Reduce -32.3% | 0.04% | −0.02 |
| HON Honeywell International Inc. | Reduce -23.2% | 0.04% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.9% | 0.29% | −0.02 |
| GLD SPDR Gold Shares | Reduce -13.9% | 0.09% | −0.02 |
| COP Conocophillips | Reduce -18.2% | 0.07% | −0.02 |
| PM Philip Morris International | Reduce -10.4% | 0.06% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -6.3% | 0.08% | −0.02 |
| AMGN Amgen Inc. | Reduce -0.4% | 0.10% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -22.8% | 0.04% | −0.01 |
| JNJ Johnson & Johnson | Reduce -1.8% | 0.10% | −0.01 |
| NKE Nike Inc. Class B | Reduce -2.1% | 0.04% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -0.5% | 0.10% | −0.01 |
| ABBV Abbvie Inc. | Reduce -13.3% | 0.10% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -8.8% | 0.06% | −0.01 |
| LEAD Siren Divcon Leaders Dividen | Reduce -7.4% | 0.08% | −0.01 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -4.0% | 0.12% | −0.01 |
| DX Dynex Capital Inc. | Reduce -1.9% | 0.05% | −0.01 |
| MSFT Microsoft Corp. | Reduce -0.5% | 1.18% | −0.01 |
| BAC Bank of America Corp. | Reduce -12.8% | 0.04% | −0.01 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Reduce -2.6% | 0.05% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.1% | 0.13% | −0.00 |
| SPEM State Street SP PTF Em ETF | Reduce -0.8% | 0.04% | −0.00 |
| IVW iShares S&P 500 Growth ETF | Reduce -5.9% | 0.06% | −0.00 |
| V Visa Inc. Class A | Reduce -0.2% | 0.07% | −0.00 |
| NXPI NXP Semiconductors NV | Reduce -0.7% | 0.07% | −0.00 |
| MO Altria Group Inc. | Reduce -0.6% | 0.04% | −0.00 |
| PXD Pioneer Natural Resources Co. | Reduce -5.5% | 0.12% | −0.00 |
| COST Costco Wholesale Corp. | Reduce -0.6% | 0.11% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| GTO Invesco Total Return Bond Et | Add +40.5% | 3.43% | +0.67 |
| NVDA Nvidia Corp. | Add +3.0% | 1.36% | +0.55 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +46.7% | 1.60% | +0.38 |
| AAPL Apple Inc. | Add +36.9% | 4.19% | +0.34 |
| SPGP Invesco S&P 500 Garp ETF | Add +12.8% | 3.76% | +0.32 |
| PTRB Pgim Total Return Bond ETF | Add +22.3% | 3.27% | +0.25 |
| MOAT Vaneck Morningstar Wide Moat | Add +56.7% | 0.61% | +0.20 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +43.6% | 0.67% | +0.15 |
| MPLX MPLX LP | New | 0.15% | +0.15 |
| ANGL Vaneck Fallen Angel High YLD | Add +35.4% | 0.76% | +0.14 |
| HTRB Hartford TTL RTRN BND ETF | Add +16.9% | 3.68% | +0.12 |
| CMG Chipotle Mexican Grill Inc. | Add +0.1% | 0.93% | +0.11 |
| FPE FT-Preferred Secur & Inc. ETF | Add +25.9% | 0.74% | +0.10 |
| DIREXION SHS ETF TR | Add +566.7% | 0.11% | +0.08 |
| VTI VG Morningstar TS MKT ETF-US | Add +16.3% | 0.48% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.9% | 0.91% | +0.05 |
| AMZN Amazon.com Inc. | Add +1.4% | 0.75% | +0.05 |
| VGT Vanguard Info Tech ETF | New | 0.05% | +0.05 |
| RDVY First Trust Rising Dividend | Add +5.7% | 1.88% | +0.05 |
| AXP American Express Co. | New | 0.04% | +0.04 |
| STHO Star Holdings | New | 0.04% | +0.04 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.04% | +0.04 |
| EOG EOG Resources Inc. | New | 0.04% | +0.04 |
| IWF iShares Russell 1000 Growth | New | 0.04% | +0.04 |
| IHI iShares U.S. Medical Devices | New | 0.04% | +0.04 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 0.04% | +0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.03% | +0.03 |
| CRBN Ish Low Car Opt Ms Ac ETF-US | New | 0.03% | +0.03 |
| PHYS Sprott Physical Gold Trust | New | 0.03% | +0.03 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Add +10.5% | 2.69% | +0.03 |
| META Meta Platforms Inc. Class A | Add +1.4% | 0.08% | +0.02 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +15.2% | 0.34% | +0.02 |
| ET Energy Transfer LP | Add +1.8% | 0.44% | +0.02 |
| VS TRUST | New | 0.02% | +0.02 |
| MRK Merck & Co. Inc. | Add +1.2% | 0.17% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +2.0% | 0.21% | +0.01 |
| XOM Exxon Mobil Corp. | Add +0.5% | 0.29% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | Add +11.6% | 0.05% | +0.01 |
| MA Mastercard Inc. Class A | Add +4.2% | 0.22% | +0.01 |
| FANG Diamondback Energy Inc. | Add +8.4% | 0.05% | +0.01 |
| HD Home Depot Inc. | Add +12.2% | 0.10% | +0.01 |
| NFLX Netflix Inc. | Add +0.1% | 0.09% | +0.01 |
| UBER Uber Technologies Inc. | Add +1.4% | 0.06% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +7.4% | 0.18% | +0.01 |
| TPYP Managed Portfolio Series | Add +15.9% | 0.06% | +0.01 |
| EPD Enterprise Products Partners | Add +1.6% | 0.44% | +0.00 |
| XLE SS Energy Select Sector | Add +4.3% | 0.04% | +0.00 |
| PG The Procter & Gamble Co. | Add +4.3% | 0.05% | +0.00 |
| LMT Lockheed Martin Corp. | Add +13.7% | 0.05% | +0.00 |
| LUMINAR TECHNOLOGIES INC | Add +100.0% | 0.02% | +0.00 |
Options Activity Q4 2023 → Q1 2024
| SCHW Schwab (charles) Corp. | call | Reduce -28.6% | 25,000 | $314K |
| WAL Western Alliance Bancorp | call | Sold out | 5,000 | $206Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 268 | $1.0B | QUAL, SCHD, VIG, AAPL, SPGP |
| Q1 2026 | 222 | $887.9M | QUAL, SCHD, VIG, RSP, SPGP |
| Q4 2025 | 205 | $855.1M | QUAL, SCHD, VIG, SPGP, RSP |
| Q3 2025 | 198 | $817.3M | QUAL, SCHD, VIG, SPGP, RSP |
| Q2 2025 | 182 | $760.6M | QUAL, SCHD, VIG, SPGP, RSP |
| Q1 2025 | 183 | $734.4M | QUAL, SCHD, VIG, SPGP, RSP |
| Q4 2024 | 186 | $735.1M | QUAL, SCHD, VIG, RSP, AAPL |
| Q3 2024 | 168 | $692.5M | QUAL, SCHD, RSP, VIG, GTO |
| Q2 2024 | 156 | $610.2M | QUAL, SCHD, RSP, VIG, AAPL |
| Q1 2024 | 159 | $580.2M | QUAL, SCHD, RSP, VIG, AAPL |