Howard Financial Services, LTD.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 12, 2024), Howard Financial Services, LTD. reported 156 stock positions worth $610.2 million. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 10.8% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 8.0%) and Invesco S&P 500 Equal Weight (RSP, 5.6%). Compared with Q1 2024, it opened 5 new positions, sold out of 8, added to 74 and reduced 45. The biggest buy was Invesco Total Return Bond Et (GTO, shares +33%) and the biggest sale Invesco S&P 500 Equal Weight (RSP, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001768130
- Portfolio Value
- $610.2M (Q2 2024)
- SEC Filing
- 0001768130-24-000003 ↗ filed Jul 12, 2024
Holdings Value
Holdings 156 stocks · $610.2M
| QUAL iShares MSCI USA Quality Fac | 10.79% | 385,500 | $65.8M | Add +4.5% |
| SCHD Schwab US DVD Equity ETF | 8.01% | 628,375 | $48.9M | Add +4.3% |
| RSP Invesco S&P 500 Equal Weight | 5.57% | 206,788 | $34.0M | Reduce -8.6% |
| VIG Vanguard Dividend Apprec ETF | 5.24% | 175,176 | $32.0M | Add +1.8% |
| AAPL Apple Inc. | 4.63% | 134,054 | $28.2M | Reduce -5.4% |
| GTO Invesco Total Return Bond Et filed as POWERSHARES ACTIVELY MANAGED | 4.32% | 568,172 | $26.3M | Add +33.5% |
| HTRB Hartford TTL RTRN BND ETF | 4.18% | 762,502 | $25.5M | Add +20.6% |
| SPGP Invesco S&P 500 Garp ETF | 4.15% | 246,653 | $25.4M | Add +20.5% |
| PTRB Pgim Total Return Bond ETF | 3.84% | 568,509 | $23.4M | Add +24.5% |
| IQLT iShares MSCI International Q | 2.99% | 467,788 | $18.3M | Add +4.8% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 2.70% | 378,636 | $16.5M | Add +19.0% |
| TOTL SS Doubleline TR Tact ETF | 2.43% | 374,036 | $14.9M | Reduce -19.0% |
| VIGI Vanguard Int Div App Indx FD | 2.42% | 181,736 | $14.8M | Add +3.1% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 2.26% | 393,784 | $13.8M | Add +7.2% |
| FIXD First Trust Smith Opportunis | 2.13% | 302,210 | $13.0M | Reduce -26.8% |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | 2.00% | 398,710 | $12.2M | Add +8.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.00% | 22,438 | $12.2M | Reduce -3.3% |
| SJNK SS SPDR BB St Hi Yield ETF | 1.97% | 481,367 | $12.0M | Add +31.0% |
| RDVY First Trust Rising Dividend | 1.72% | 191,951 | $10.5M | Reduce -1.0% |
| NVDA Nvidia Corp. | 1.37% | 67,618 | $8.4M | Reduce -22.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.36% | 17,329 | $8.3M | Add +0.1% |
| DGRW Wisdomtree U.S. Quality Divi | 1.34% | 104,718 | $8.2M | Add +10.6% |
| MSFT Microsoft Corp. | 1.14% | 15,626 | $7.0M | Reduce -4.2% |
| ANGL Vaneck Fallen Angel High YLD | 1.13% | 244,443 | $6.9M | Add +59.9% |
| MOAT Vaneck Morningstar Wide Moat | 1.05% | 73,680 | $6.4M | Add +88.7% |
| FPE FT-Preferred Secur & Inc. ETF | 1.00% | 352,511 | $6.1M | Add +42.2% |
| CMG Chipotle Mexican Grill Inc. | 0.95% | 92,750 | $5.8M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.84% | 12,605 | $5.1M | Add +0.6% |
| JPST JPMorgan Ultra-Short Income | 0.82% | 99,282 | $5.0M | Reduce -5.1% |
| AMZN Amazon.com Inc. | 0.77% | 24,182 | $4.7M | Add +0.2% |
| RODM Hartford Multifact Dev MRKT | 0.57% | 125,002 | $3.5M | Reduce -13.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.52% | 34,623 | $3.2M | Reduce -18.8% |
| BSV Vanguard Short-Term Bond ETF | 0.47% | 37,610 | $2.9M | Add +12.8% |
| PEP Pepsico Inc. | 0.47% | 17,394 | $2.9M | Reduce -2.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.47% | 10,653 | $2.8M | No change |
| ET Energy Transfer LP | 0.43% | 163,234 | $2.6M | Add +0.3% |
| IVV iShares Core S&P 500 ETF | 0.43% | 4,776 | $2.6M | Add +0.3% |
| EPD Enterprise Products Partners | 0.42% | 89,172 | $2.6M | Add +1.7% |
| SCHF Schwab Intl Equity ETF | 0.42% | 66,156 | $2.5M | Reduce -0.7% |
| XOM Exxon Mobil Corp. | 0.39% | 20,721 | $2.4M | Add +43.5% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.35% | 80,792 | $2.1M | Add +3.6% |
| AVGO Broadcom Inc. | 0.28% | 1,081 | $1.7M | Add +1.9% |
| SBR Sabine Royalty Trust | 0.27% | 25,878 | $1.7M | Add +0.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.27% | 22,569 | $1.6M | Reduce -0.0% |
| BSM Black Stone Minerals LP | 0.23% | 91,436 | $1.4M | Add +0.1% |
| CADE Cadence Bank | 0.23% | 50,090 | $1.4M | No change |
| JBI Janus International Group Inc. | 0.22% | 104,926 | $1.3M | No change |
| IBTX Independent Bank Group Inc. | 0.21% | 27,932 | $1.3M | Add +0.8% |
| GOOGL Alphabet Inc. Class A | 0.21% | 6,968 | $1.3M | Reduce -1.6% |
| JEPI JPMorgan Equity Premium Inco | 0.21% | 22,368 | $1.3M | Add +8.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.19% | 33,724 | $1.2M | Reduce -1.1% |
| OKE Oneok Inc. | 0.19% | 14,190 | $1.2M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 0.18% | 5,471 | $1.1M | Reduce -9.0% |
| DMLP Dorchester Minerals LP | 0.17% | 34,163 | $1.1M | Add +0.0% |
| SCHW Schwab (charles) Corp. | 0.17% | 14,109 | $1.0M | Reduce -6.5% |
| MA Mastercard Inc. Class A | 0.17% | 2,317 | $1.0M | Reduce -11.5% |
| TSLA Tesla Inc. | 0.17% | 5,112 | $1.0M | Add +5.1% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.16% | 18,124 | $995K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.15% | 11,497 | $939K | Reduce -4.1% |
| MRK Merck & Co. Inc. | 0.15% | 7,347 | $910K | Add +1.3% |
| MPLX MPLX LP | 0.15% | 20,857 | $888K | Add +2.1% |
| NOC Northrop Grumman Corp. | 0.13% | 1,780 | $776K | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 0.13% | 4,228 | $775K | Reduce -15.9% |
| VNOM Viper Energy Inc. | 0.13% | 20,362 | $764K | No change |
| COST Costco Wholesale Corp. | 0.12% | 865 | $735K | No change |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.12% | 13,152 | $730K | Add +5.2% |
| AGG iShares Core U.S. Aggregate | 0.12% | 7,388 | $717K | Reduce -0.9% |
| IJH iShares Core S&P Midcap ETF | 0.11% | 11,883 | $695K | Reduce -7.3% |
| LUV Southwest Airlines Co. | 0.11% | 22,765 | $651K | No change |
| IEMG iShares Core MSCI Emerging | 0.10% | 11,718 | $627K | Add +0.9% |
| AMGN Amgen Inc. | 0.10% | 1,945 | $608K | Reduce -4.6% |
| NFLX Netflix Inc. | 0.10% | 862 | $582K | No change |
| GHC Graham Holdings Co. Class B | 0.10% | 831 | $581K | Add +0.2% |
| GLD SPDR Gold Shares | 0.09% | 2,659 | $572K | Add +1.5% |
| ABBV Abbvie Inc. | 0.09% | 3,333 | $572K | Add +1.0% |
| DIREXION SHS ETF TR | 0.09% | 25,000 | $567K | Reduce -87.5% |
| CAVA Cava Group Inc. | 0.09% | 6,085 | $564K | No change |
| WMT Walmart Inc. | 0.09% | 8,290 | $561K | Add +1.6% |
| AGNC AGNC Investment Corp. | 0.09% | 57,314 | $547K | Add +9.2% |
| ESGU iShares ESG Aware MSCI USA | 0.09% | 4,504 | $537K | Add +2.7% |
| NLY Annaly Capital Management Inc. | 0.09% | 27,900 | $532K | Add +9.1% |
| CVX Chevron Corp. | 0.09% | 3,375 | $528K | Add +1.7% |
| HD Home Depot Inc. | 0.09% | 1,509 | $519K | Add +1.6% |
| BKNG Booking Holdings Inc. | 0.08% | 130 | $515K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 2,964 | $513K | Add +0.5% |
| META Meta Platforms Inc. Class A | 0.08% | 973 | $491K | No change |
| TWO Two Harbors Investment Corp. filed as TWO HBRS INVT CORP | 0.08% | 36,911 | $488K | Reduce -6.9% |
| JNJ Johnson & Johnson | 0.08% | 3,320 | $485K | Reduce -6.3% |
| NXPI NXP Semiconductors NV | 0.07% | 1,692 | $455K | No change |
| LEAD Siren Divcon Leaders Dividen | 0.07% | 7,147 | $455K | Reduce -0.2% |
| FNGG Direxion Daily Nyse Fang+ Bu | 0.07% | 3,028 | $439K | No change |
| VNQ Vanguard Real Estate ETF | 0.07% | 5,213 | $437K | Reduce -10.8% |
| TXN Texas Instruments Inc. | 0.07% | 2,221 | $432K | Add +2.0% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.07% | 10,702 | $431K | No change |
| KO The Coca-Cola Co. | 0.07% | 6,683 | $425K | Add +2.2% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.07% | 5,386 | $422K | Add +0.1% |
| PM Philip Morris International | 0.07% | 3,994 | $405K | Add +2.1% |
| LLY Eli Lilly & Co. | 0.07% | 442 | $400K | Add +9.1% |
| CSCO Cisco Systems Inc. | 0.06% | 8,331 | $396K | Reduce -8.1% |
| VOO Vanguard S&P 500 ETF | 0.06% | 770 | $385K | Reduce -21.1% |
Portfolio Sells Q1 2024 → Q2 2024
| RSP Invesco S&P 500 Equal Weight | Reduce -8.6% | 5.57% | −1.04 |
| FIXD First Trust Smith Opportunis | Reduce -26.8% | 2.13% | −0.97 |
| TOTL SS Doubleline TR Tact ETF | Reduce -19.0% | 2.43% | −0.75 |
| RDVY First Trust Rising Dividend | Reduce -1.0% | 1.72% | −0.16 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -18.8% | 0.52% | −0.15 |
| RODM Hartford Multifact Dev MRKT | Reduce -13.4% | 0.57% | −0.13 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.3% | 2.00% | −0.09 |
| JPST JPMorgan Ultra-Short Income | Reduce -5.1% | 0.82% | −0.09 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.07 |
| PEP Pepsico Inc. | Reduce -2.5% | 0.47% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -11.5% | 0.17% | −0.05 |
| GRNT Granite Ridge Resources Inc. | Sold out | 0.00% | −0.04 |
| MSFT Microsoft Corp. | Reduce -4.2% | 1.14% | −0.04 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.04 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.04 |
| IHI iShares U.S. Medical Devices | Sold out | 0.00% | −0.04 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -41.6% | 0.04% | −0.04 |
| CRBN Ish Low Car Opt Ms Ac ETF-US | Sold out | 0.00% | −0.03 |
| V Visa Inc. Class A | Reduce -39.7% | 0.04% | −0.03 |
| SCHF Schwab Intl Equity ETF | Reduce -0.7% | 0.42% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -9.0% | 0.18% | −0.03 |
| INTC Intel Corp. | Reduce -3.6% | 0.04% | −0.02 |
| NOC Northrop Grumman Corp. | Reduce -0.9% | 0.13% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -7.3% | 0.11% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.0% | 0.27% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -21.1% | 0.06% | −0.02 |
| DIREXION SHS ETF TR | Reduce -87.5% | 0.09% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -6.5% | 0.17% | −0.02 |
| JNJ Johnson & Johnson | Reduce -6.3% | 0.08% | −0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -1.1% | 0.19% | −0.02 |
| VNQ Vanguard Real Estate ETF | Reduce -10.8% | 0.07% | −0.02 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -4.1% | 0.15% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -24.8% | 0.04% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -8.1% | 0.06% | −0.01 |
| COP Conocophillips | Reduce -0.5% | 0.06% | −0.01 |
| STHO Star Holdings | Reduce -15.8% | 0.03% | −0.01 |
| TWO Two Harbors Investment Corp. | Reduce -6.9% | 0.08% | −0.01 |
| AGG iShares Core U.S. Aggregate | Reduce -0.9% | 0.12% | −0.01 |
| OKE Oneok Inc. | Reduce -0.9% | 0.19% | −0.01 |
| MMT Aberdeen Multimarket Income | Sold out | 0.00% | −0.01 |
| LEAD Siren Divcon Leaders Dividen | Reduce -0.2% | 0.07% | −0.01 |
| UBER Uber Technologies Inc. | Reduce -0.2% | 0.06% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -2.3% | 0.05% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -15.9% | 0.13% | −0.00 |
| TPYP Managed Portfolio Series | Reduce -2.5% | 0.05% | −0.00 |
| HON Honeywell International Inc. | Reduce -0.5% | 0.04% | −0.00 |
| ISRG Intuitive Surgical Inc. | Reduce -6.3% | 0.06% | −0.00 |
| AMGN Amgen Inc. | Reduce -4.6% | 0.10% | −0.00 |
| PANW Palo Alto Networks Inc. | Reduce -2.7% | 0.06% | +0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| GTO Invesco Total Return Bond Et | Add +33.5% | 4.32% | +0.88 |
| PTRB Pgim Total Return Bond ETF | Add +24.5% | 3.84% | +0.57 |
| HTRB Hartford TTL RTRN BND ETF | Add +20.6% | 4.18% | +0.51 |
| MOAT Vaneck Morningstar Wide Moat | Add +88.7% | 1.05% | +0.44 |
| SPGP Invesco S&P 500 Garp ETF | Add +20.5% | 4.15% | +0.40 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +31.0% | 1.97% | +0.37 |
| ANGL Vaneck Fallen Angel High YLD | Add +59.9% | 1.13% | +0.37 |
| QUAL iShares MSCI USA Quality Fac | Add +4.5% | 10.79% | +0.33 |
| FPE FT-Preferred Secur & Inc. ETF | Add +42.2% | 1.00% | +0.26 |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | Add +8.1% | 2.00% | +0.13 |
| XOM Exxon Mobil Corp. | Add +43.5% | 0.39% | +0.10 |
| DGRW Wisdomtree U.S. Quality Divi | Add +10.6% | 1.34% | +0.10 |
| AVGO Broadcom Inc. | Add +1.9% | 0.28% | +0.04 |
| SLV iShares Silver Trust | New | 0.04% | +0.04 |
| GDX Vaneck Gold Miners ETF | New | 0.04% | +0.04 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 1.36% | +0.04 |
| BKLN Invesco Senior Loan ETF | New | 0.03% | +0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.03% | +0.03 |
| BSV Vanguard Short-Term Bond ETF | Add +12.8% | 0.47% | +0.03 |
| PROSHARES TR | New | 0.03% | +0.03 |
| TSLA Tesla Inc. | Add +5.1% | 0.17% | +0.02 |
| AMZN Amazon.com Inc. | Add +0.2% | 0.77% | +0.02 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +3.6% | 0.35% | +0.01 |
| LLY Eli Lilly & Co. | Add +9.1% | 0.07% | +0.01 |
| XLE SS Energy Select Sector | Add +39.3% | 0.05% | +0.01 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Add +19.0% | 2.70% | +0.01 |
| WMT Walmart Inc. | Add +1.6% | 0.09% | +0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +2.4% | 0.04% | +0.01 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +7.2% | 2.26% | +0.01 |
| TXN Texas Instruments Inc. | Add +2.0% | 0.07% | +0.01 |
| PM Philip Morris International | Add +2.1% | 0.07% | +0.00 |
| JEPQ JPM Nasdaq Equity Premium | Add +5.2% | 0.12% | +0.00 |
| IVW iShares S&P 500 Growth ETF | Add +0.1% | 0.06% | +0.00 |
| IAU iShares Gold Trust | Add +4.4% | 0.05% | +0.00 |
| JEPI JPMorgan Equity Premium Inco | Add +8.1% | 0.21% | +0.00 |
| VS TRUST | Add +80.0% | 0.02% | +0.00 |
| ESGU iShares ESG Aware MSCI USA | Add +2.7% | 0.09% | +0.00 |
| QQQM Invesco Nasdaq 100 ETF | Add +0.2% | 0.04% | +0.00 |
| IWF iShares Russell 1000 Growth | Add +0.2% | 0.04% | +0.00 |
| KO The Coca-Cola Co. | Add +2.2% | 0.07% | +0.00 |
| GLD SPDR Gold Shares | Add +1.5% | 0.09% | +0.00 |
| NLY Annaly Capital Management Inc. | Add +9.1% | 0.09% | +0.00 |
| AGNC AGNC Investment Corp. | Add +9.2% | 0.09% | +0.00 |
| MS Morgan Stanley | Add +1.8% | 0.04% | 0.00 |
| MO Altria Group Inc. | Add +0.6% | 0.04% | −0.00 |
| BAC Bank of America Corp. | Add +0.1% | 0.04% | −0.00 |
| LMT Lockheed Martin Corp. | Add +2.2% | 0.05% | −0.00 |
| EMLP First Trust North American E | Add +1.0% | 0.04% | −0.00 |
| IEMG iShares Core MSCI Emerging | Add +0.9% | 0.10% | −0.00 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +0.5% | 0.03% | −0.00 |
Options Activity Q1 2024 → Q2 2024
| SCHW Schwab (charles) Corp. | call | Sold out | 25,000 | $314Kbefore 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 |