Howard Financial Services, LTD.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 8, 2024), Howard Financial Services, LTD. reported 168 stock positions worth $692.5 million. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 11.3% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 8.0%) and Invesco S&P 500 Equal Weight (RSP, 5.3%). Compared with Q2 2024, it opened 20 new positions, sold out of 8, added to 91 and reduced 35. The biggest buy was iShares MSCI USA Quality Fac (QUAL, shares +14%) and the biggest sale Invesco S&P 500 Equal Weight (RSP, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001768130
- Portfolio Value
- $692.5M (Q3 2024)
- SEC Filing
- 0001768130-24-000008 ↗ filed Oct 8, 2024
Holdings Value
Holdings 168 stocks · $692.5M
| QUAL iShares MSCI USA Quality Fac | 11.33% | 437,769 | $78.5M | Add +13.6% |
| SCHD Schwab US DVD Equity ETF | 8.02% | 657,248 | $55.6M | Add +4.6% |
| RSP Invesco S&P 500 Equal Weight | 5.28% | 204,095 | $36.6M | Reduce -1.3% |
| VIG Vanguard Dividend Apprec ETF | 5.20% | 181,669 | $36.0M | Add +3.7% |
| GTO Invesco Total Return Bond Et | 4.56% | 653,391 | $31.6M | Add +15.0% |
| AAPL Apple Inc. | 4.49% | 133,404 | $31.1M | Reduce -0.5% |
| HTRB Hartford TTL RTRN BND ETF | 4.20% | 832,015 | $29.1M | Add +9.1% |
| SPGP Invesco S&P 500 Garp ETF | 4.17% | 275,817 | $28.9M | Add +11.8% |
| PTRB Pgim Total Return Bond ETF | 3.90% | 629,355 | $27.0M | Add +10.7% |
| IQLT iShares MSCI International Q | 2.92% | 487,223 | $20.2M | Add +4.2% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 2.79% | 415,843 | $19.3M | Add +9.8% |
| VIGI Vanguard Int Div App Indx FD | 2.40% | 187,888 | $16.6M | Add +3.4% |
| TOTL SS Doubleline TR Tact ETF | 2.33% | 389,243 | $16.1M | Add +4.1% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 2.29% | 424,456 | $15.9M | Add +7.8% |
| SJNK SS SPDR BB St Hi Yield ETF | 2.13% | 573,931 | $14.8M | Add +19.2% |
| FIXD First Trust Smith Opportunis | 2.00% | 306,362 | $13.9M | Add +1.4% |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | 1.82% | 381,533 | $12.6M | Reduce -4.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.81% | 21,894 | $12.6M | Reduce -2.4% |
| DGRW Wisdomtree U.S. Quality Divi | 1.79% | 148,877 | $12.4M | Add +42.2% |
| RDVY First Trust Rising Dividend | 1.72% | 201,210 | $11.9M | Add +4.8% |
| ANGL Vaneck Fallen Angel High YLD | 1.32% | 310,752 | $9.1M | Add +27.1% |
| QQQ Invesco QQQ Trust Series 1 | 1.22% | 17,356 | $8.5M | Add +0.2% |
| NVDA Nvidia Corp. | 1.21% | 68,825 | $8.4M | Add +1.8% |
| MSFT Microsoft Corp. | 1.18% | 18,952 | $8.2M | Add +21.3% |
| MOAT Vaneck Morningstar Wide Moat | 1.17% | 83,731 | $8.1M | Add +13.6% |
| FPE FT-Preferred Secur & Inc. ETF | 1.16% | 443,217 | $8.0M | Add +25.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.84% | 12,566 | $5.8M | Reduce -0.3% |
| CMG Chipotle Mexican Grill Inc. | 0.78% | 94,000 | $5.4M | Add +1.4% |
| JPST JPMorgan Ultra-Short Income | 0.68% | 92,189 | $4.7M | Reduce -7.1% |
| AMZN Amazon.com Inc. | 0.67% | 24,780 | $4.6M | Add +2.5% |
| SBR Sabine Royalty Trust | 0.60% | 67,496 | $4.2M | Add +160.8% |
| BSV Vanguard Short-Term Bond ETF | 0.50% | 43,749 | $3.4M | Add +16.3% |
| RODM Hartford Multifact Dev MRKT | 0.45% | 101,105 | $3.1M | Reduce -19.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.44% | 10,791 | $3.1M | Add +1.3% |
| ET Energy Transfer LP | 0.42% | 181,172 | $2.9M | Add +11.0% |
| IVV iShares Core S&P 500 ETF | 0.40% | 4,778 | $2.8M | Add +0.0% |
| PEP Pepsico Inc. | 0.39% | 16,070 | $2.7M | Reduce -7.6% |
| EPD Enterprise Products Partners | 0.38% | 90,724 | $2.6M | Add +1.7% |
| XOM Exxon Mobil Corp. | 0.38% | 22,341 | $2.6M | Add +7.8% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.37% | 88,384 | $2.6M | Add +9.4% |
| SCHF Schwab Intl Equity ETF | 0.37% | 62,443 | $2.6M | Reduce -5.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.28% | 21,308 | $2.0M | Reduce -38.5% |
| AVGO Broadcom Inc. | 0.28% | 11,163 | $1.9M | Add +3.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.25% | 21,957 | $1.7M | Reduce -2.7% |
| IBTX Independent Bank Group Inc. | 0.23% | 27,932 | $1.6M | No change |
| BSM Black Stone Minerals LP | 0.20% | 91,545 | $1.4M | Add +0.1% |
| TSLA Tesla Inc. | 0.20% | 5,199 | $1.4M | Add +1.7% |
| JEPI JPMorgan Equity Premium Inco | 0.18% | 21,418 | $1.3M | Reduce -4.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.18% | 33,298 | $1.3M | Reduce -1.3% |
| TPL Texas Pacific Land Corp. | 0.17% | 1,350 | $1.2M | New |
| OKE Oneok Inc. | 0.17% | 12,747 | $1.2M | Reduce -10.2% |
| MA Mastercard Inc. Class A | 0.17% | 2,341 | $1.2M | Add +1.0% |
| JPM JPMorgan Chase & Co. | 0.17% | 5,457 | $1.2M | Reduce -0.3% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.16% | 18,247 | $1.1M | Add +0.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.16% | 12,999 | $1.1M | Add +13.1% |
| JBI Janus International Group Inc. | 0.15% | 104,926 | $1.1M | No change |
| BKLN Invesco Senior Loan ETF | 0.15% | 50,000 | $1.1M | Add +400.0% |
| DMLP Dorchester Minerals LP | 0.15% | 34,169 | $1.0M | Add +0.0% |
| SCHW Schwab (charles) Corp. | 0.15% | 15,781 | $1.0M | Add +11.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 4,584 | $1.0M | Add +54.7% |
| GOOGL Alphabet Inc. Class A | 0.14% | 5,957 | $988K | Reduce -14.5% |
| CADE Cadence Bank | 0.14% | 30,090 | $958K | Reduce -39.9% |
| MPLX MPLX LP | 0.14% | 21,278 | $946K | Add +2.0% |
| NOC Northrop Grumman Corp. | 0.14% | 1,786 | $943K | Add +0.3% |
| VNOM Viper Energy Inc. | 0.13% | 20,262 | $914K | Reduce -0.5% |
| MRK Merck & Co. Inc. | 0.12% | 7,276 | $826K | Reduce -1.0% |
| COST Costco Wholesale Corp. | 0.11% | 866 | $767K | Add +0.1% |
| CAVA Cava Group Inc. | 0.11% | 6,085 | $754K | No change |
| GOOG Alphabet Inc. Class C | 0.10% | 4,336 | $725K | Add +2.5% |
| ABBV Abbvie Inc. | 0.10% | 3,647 | $720K | Add +9.4% |
| AGG iShares Core U.S. Aggregate | 0.10% | 7,057 | $715K | Reduce -4.5% |
| WMT Walmart Inc. | 0.10% | 8,607 | $695K | Add +3.8% |
| GHC Graham Holdings Co. Class B | 0.10% | 833 | $684K | Add +0.2% |
| AMGN Amgen Inc. | 0.10% | 2,098 | $676K | Add +7.9% |
| IEMG iShares Core MSCI Emerging | 0.10% | 11,718 | $673K | No change |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.10% | 12,189 | $670K | Reduce -7.3% |
| LUV Southwest Airlines Co. | 0.10% | 22,412 | $664K | Reduce -1.6% |
| GLD SPDR Gold Shares | 0.09% | 2,674 | $650K | Add +0.6% |
| HD Home Depot Inc. | 0.09% | 1,604 | $650K | Add +6.3% |
| NFLX Netflix Inc. | 0.09% | 872 | $618K | Add +1.2% |
| JNJ Johnson & Johnson | 0.09% | 3,685 | $597K | Add +11.0% |
| ESGU iShares ESG Aware MSCI USA | 0.09% | 4,710 | $594K | Add +4.6% |
| INTC Intel Corp. | 0.08% | 24,994 | $586K | Add +186.7% |
| META Meta Platforms Inc. Class A | 0.08% | 1,024 | $586K | Add +5.2% |
| VOO Vanguard S&P 500 ETF | 0.08% | 1,102 | $581K | Add +43.1% |
| IJH iShares Core S&P Midcap ETF | 0.08% | 8,873 | $553K | Reduce -25.3% |
| BKNG Booking Holdings Inc. | 0.08% | 130 | $548K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.08% | 3,078 | $535K | New |
| PLTR Palantir Technologies Inc. Class A | 0.08% | 14,081 | $524K | Add +21.1% |
| CVX Chevron Corp. | 0.07% | 3,390 | $499K | Add +0.4% |
| LEAD Siren Divcon Leaders Dividen | 0.07% | 7,129 | $494K | Reduce -0.3% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.07% | 10,710 | $489K | Add +0.1% |
| TXN Texas Instruments Inc. | 0.07% | 2,365 | $488K | Add +6.5% |
| PM Philip Morris International | 0.07% | 3,994 | $485K | No change |
| KO The Coca-Cola Co. | 0.07% | 6,688 | $481K | Add +0.1% |
| CSCO Cisco Systems Inc. | 0.07% | 8,844 | $471K | Add +6.2% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.07% | 5,400 | $469K | Add +0.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.07% | 1,667 | $468K | Add +158.8% |
| TDAY USA Today Co. Inc. filed as GANNETT CO INC | 0.06% | 80,000 | $450K | No change |
| MIDU Dirxn DLY Mid Cap BL 3XE-Usi | 0.06% | 8,000 | $440K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| RSP Invesco S&P 500 Equal Weight | Reduce -1.3% | 5.28% | −0.29 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -38.5% | 0.28% | −0.24 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.4% | 1.81% | −0.19 |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | Reduce -4.3% | 1.82% | −0.18 |
| JPST JPMorgan Ultra-Short Income | Reduce -7.1% | 0.68% | −0.15 |
| AAPL Apple Inc. | Reduce -0.5% | 4.49% | −0.14 |
| RODM Hartford Multifact Dev MRKT | Reduce -19.1% | 0.45% | −0.12 |
| CADE Cadence Bank | Reduce -39.9% | 0.14% | −0.09 |
| DIREXION SHS ETF TR | Sold out | 0.00% | −0.09 |
| NLY Annaly Capital Management Inc. | Sold out | 0.00% | −0.09 |
| PEP Pepsico Inc. | Reduce -7.6% | 0.39% | −0.08 |
| GOOGL Alphabet Inc. Class A | Reduce -14.5% | 0.14% | −0.07 |
| AGNC AGNC Investment Corp. | Reduce -68.2% | 0.03% | −0.06 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.05 |
| TWO Two Harbors Investment Corp. | Reduce -59.2% | 0.03% | −0.05 |
| SCHF Schwab Intl Equity ETF | Reduce -5.6% | 0.37% | −0.05 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.04 |
| DX Dynex Capital Inc. | Sold out | 0.00% | −0.04 |
| IJH iShares Core S&P Midcap ETF | Reduce -25.3% | 0.08% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -1.0% | 0.12% | −0.03 |
| PROSHARES TR | Sold out | 0.00% | −0.03 |
| JEPI JPMorgan Equity Premium Inco | Reduce -4.3% | 0.18% | −0.02 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -7.3% | 0.10% | −0.02 |
| OKE Oneok Inc. | Reduce -10.2% | 0.17% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -2.7% | 0.25% | −0.02 |
| VS TRUST | Sold out | 0.00% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -0.3% | 0.17% | −0.02 |
| AGG iShares Core U.S. Aggregate | Reduce -4.5% | 0.10% | −0.01 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -1.3% | 0.18% | −0.01 |
| LUV Southwest Airlines Co. | Reduce -1.6% | 0.10% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -2.7% | 0.06% | −0.01 |
| XLE SS Energy Select Sector | Reduce -4.1% | 0.04% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -15.1% | 0.06% | −0.01 |
| PANW Palo Alto Networks Inc. | Reduce -0.9% | 0.05% | −0.01 |
| TPYP Managed Portfolio Series | Reduce -5.9% | 0.05% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.3% | 0.84% | −0.01 |
| SLV iShares Silver Trust | Reduce -5.7% | 0.04% | −0.00 |
| YUM Yum! Brands Inc. | Reduce -0.0% | 0.05% | −0.00 |
| LEAD Siren Divcon Leaders Dividen | Reduce -0.3% | 0.07% | −0.00 |
| GDX Vaneck Gold Miners ETF | Reduce -7.3% | 0.04% | −0.00 |
| AXP American Express Co. | Reduce -0.8% | 0.04% | +0.00 |
| VNOM Viper Energy Inc. | Reduce -0.5% | 0.13% | +0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| QUAL iShares MSCI USA Quality Fac | Add +13.6% | 11.33% | +0.55 |
| DGRW Wisdomtree U.S. Quality Divi | Add +42.2% | 1.79% | +0.45 |
| SBR Sabine Royalty Trust | Add +160.8% | 0.60% | +0.33 |
| GTO Invesco Total Return Bond Et | Add +15.0% | 4.56% | +0.24 |
| ANGL Vaneck Fallen Angel High YLD | Add +27.1% | 1.32% | +0.19 |
| TPL Texas Pacific Land Corp. | New | 0.17% | +0.17 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +19.2% | 2.13% | +0.16 |
| FPE FT-Preferred Secur & Inc. ETF | Add +25.7% | 1.16% | +0.16 |
| MOAT Vaneck Morningstar Wide Moat | Add +13.6% | 1.17% | +0.13 |
| BKLN Invesco Senior Loan ETF | Add +400.0% | 0.15% | +0.12 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Add +9.8% | 2.79% | +0.09 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.08% | +0.08 |
| IBM Intl Business Machines Corp. | Add +54.7% | 0.15% | +0.06 |
| PTRB Pgim Total Return Bond ETF | Add +10.7% | 3.90% | +0.05 |
| BABA Alibaba Group Holding-SP ADR | New | 0.05% | +0.05 |
| CRM Salesforce Inc. | New | 0.05% | +0.05 |
| JOUT Johnson Outdoors Inc. Class A | New | 0.04% | +0.04 |
| INTC Intel Corp. | Add +186.7% | 0.08% | +0.04 |
| TMFC Motley Fool 100 Index ETF | New | 0.04% | +0.04 |
| UPS United Parcel Service Class B | New | 0.04% | +0.04 |
| NEE Nextera Energy Inc. | New | 0.04% | +0.04 |
| CABO Cable One Inc. | New | 0.04% | +0.04 |
| ETHE Grayscale Ethereum Staking E | New | 0.04% | +0.04 |
| MSFT Microsoft Corp. | Add +21.3% | 1.18% | +0.03 |
| UNH Unitedhealth Group Inc. | New | 0.03% | +0.03 |
| ESGD iShares Trust iShares ESG Aw | New | 0.03% | +0.03 |
| NKE Nike Inc. Class B | New | 0.03% | +0.03 |
| BX Blackstone Inc. | New | 0.03% | +0.03 |
| TSLA Tesla Inc. | Add +1.7% | 0.20% | +0.03 |
| IHI iShares U.S. Medical Devices | New | 0.03% | +0.03 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +7.8% | 2.29% | +0.03 |
| TMO Thermo Fisher Scientific Inc. | New | 0.03% | +0.03 |
| KRP Kimbell Royalty Partners LP | New | 0.03% | +0.03 |
| SCCO Southern Copper Corp. | New | 0.03% | +0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | New | 0.03% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +21.1% | 0.08% | +0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +158.8% | 0.07% | +0.03 |
| BSV Vanguard Short-Term Bond ETF | Add +16.3% | 0.50% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +43.1% | 0.08% | +0.02 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +9.4% | 0.37% | +0.02 |
| HTRB Hartford TTL RTRN BND ETF | Add +9.1% | 4.20% | +0.02 |
| SCHD Schwab US DVD Equity ETF | Add +4.6% | 8.02% | +0.02 |
| SPGP Invesco S&P 500 Garp ETF | Add +11.8% | 4.17% | +0.01 |
| LMT Lockheed Martin Corp. | Add +10.6% | 0.06% | +0.01 |
| ABBV Abbvie Inc. | Add +9.4% | 0.10% | +0.01 |
| NOC Northrop Grumman Corp. | Add +0.3% | 0.14% | +0.01 |
| HD Home Depot Inc. | Add +6.3% | 0.09% | +0.01 |
| WMT Walmart Inc. | Add +3.8% | 0.10% | +0.01 |
| JNJ Johnson & Johnson | Add +11.0% | 0.09% | +0.01 |
| STHO Star Holdings | Add +18.8% | 0.04% | +0.01 |
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 |