Howard Financial Services, LTD.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 15, 2025), Howard Financial Services, LTD. reported 186 stock positions worth $735.1 million. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 11.0% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 7.5%) and Vanguard Dividend Apprec ETF (VIG, 4.9%). Compared with Q3 2024, it opened 26 new positions, sold out of 8, added to 119 and reduced 26. The biggest buy was Wisdomtree U.S. Quality Divi (DGRW, shares +48%) and the biggest sale First Trust Smith Opportunis (FIXD, shares −27%).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001768130
Portfolio Value
$735.1M (Q4 2024)
SEC Filing
0001768130-25-000001 ↗ filed Jan 15, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $580.2M Q1 2024 Q2 2024: $610.2M Q2 2024 Q3 2024: $692.5M Q3 2024 Q4 2024: $735.1M $735.1M Q4 2024 Q1 2025: $734.4M Q1 2025 Q2 2025: $760.6M Q2 2025 Q3 2025: $817.3M Q3 2025 Q4 2025: $855.1M Q4 2025 Q1 2026: $887.9M Q1 2026 Q2 2026: $1.0B Q2 2026

Holdings 186 stocks · $735.1M
QUAL iShares MSCI USA Quality Fac 11.02% 454,955 $81.0M Add +3.9%
SCHD Schwab US DVD Equity ETF 7.51% 2,021,759 $55.2M Add +2.5%
VIG Vanguard Dividend Apprec ETF 4.87% 182,924 $35.8M Add +0.7%
RSP Invesco S&P 500 Equal Weight 4.85% 203,459 $35.7M Reduce -0.3%
AAPL Apple Inc. 4.59% 134,741 $33.7M Add +1.0%
SPGP Invesco S&P 500 Garp ETF 4.44% 311,312 $32.7M Add +12.9%
GTO Invesco Total Return Bond Et 4.42% 700,670 $32.5M Add +7.2%
HTRB Hartford TTL RTRN BND ETF 4.01% 883,880 $29.5M Add +6.2%
PTRB Pgim Total Return Bond ETF 3.96% 711,401 $29.1M Add +13.0%
CALF PCR US SM CP CSH CWS ETF-Usd 2.66% 444,301 $19.6M Add +6.8%
TOTL SS Doubleline TR Tact ETF 2.45% 456,461 $18.0M Add +17.3%
SJNK SS SPDR BB St Hi Yield ETF 2.43% 706,526 $17.8M Add +23.1%
DGRW Wisdomtree U.S. Quality Divi 2.43% 220,374 $17.8M Add +48.0%
IQLT iShares MSCI International Q 2.41% 477,933 $17.7M Reduce -1.9%
VIGI Vanguard Int Div App Indx FD 1.95% 179,230 $14.3M Reduce -4.6%
FNDF Schwab Fndmn Intl LRG Co. ETF 1.87% 414,991 $13.8M Reduce -2.2%
SPY SS SPDR S&P 500 ETF Trust-US 1.78% 22,277 $13.1M Add +1.8%
ANGL Vaneck Fallen Angel High YLD 1.62% 415,227 $11.9M Add +33.6%
RDVY First Trust Rising Dividend 1.61% 199,981 $11.8M Reduce -0.6%
XSOE Wisdmtree Emerg MKT Ex-St Ow 1.45% 350,160 $10.7M Reduce -8.2%
NVDA Nvidia Corp. 1.41% 77,365 $10.4M Add +12.4%
MSFT Microsoft Corp. 1.36% 23,798 $10.0M Add +25.6%
FIXD First Trust Smith Opportunis 1.30% 223,255 $9.6M Reduce -27.1%
QQQ Invesco QQQ Trust Series 1 1.27% 18,329 $9.4M Add +5.6%
FPE FT-Preferred Secur & Inc. ETF 1.27% 525,576 $9.3M Add +18.6%
MOAT Vaneck Morningstar Wide Moat 1.10% 87,380 $8.1M Add +4.4%
AMZN Amazon.com Inc. 0.87% 29,221 $6.4M Add +17.9%
BRK.B Berkshire Hathaway Inc. Class B 0.83% 13,401 $6.1M Add +6.6%
CMG Chipotle Mexican Grill Inc. 0.77% 94,095 $5.7M Add +0.1%
SBR Sabine Royalty Trust 0.68% 77,336 $5.0M Add +14.6%
JPST JPMorgan Ultra-Short Income 0.59% 85,721 $4.3M Reduce -7.0%
IVV iShares Core S&P 500 ETF 0.58% 7,224 $4.3M Add +51.2%
ET Energy Transfer LP 0.48% 181,632 $3.6M Add +0.3%
VTI VG Morningstar TS MKT ETF-US 0.43% 10,852 $3.1M Add +0.6%
AVGO Broadcom Inc. 0.42% 13,456 $3.1M Add +20.5%
IJH iShares Core S&P Midcap ETF 0.40% 47,528 $3.0M Add +435.6%
BSV Vanguard Short-Term Bond ETF 0.40% 38,026 $2.9M Reduce -13.1%
EPD Enterprise Products Partners 0.39% 92,208 $2.9M Add +1.6%
PEP Pepsico Inc. 0.36% 17,247 $2.6M Add +7.3%
RODM Hartford Multifact Dev MRKT 0.35% 91,043 $2.6M Reduce -9.9%
XOM Exxon Mobil Corp. 0.34% 23,420 $2.5M Add +4.8%
SCHE Schwab Emrg Mrkts Eqty ETF 0.33% 90,558 $2.4M Add +2.5%
SCHF Schwab Intl Equity ETF 0.32% 125,843 $2.3M Add +0.8%
GOOGL Alphabet Inc. Class A 0.31% 11,972 $2.3M Add +101.0%
TSLA Tesla Inc. 0.31% 5,587 $2.3M Add +7.5%
JPM JPMorgan Chase & Co. 0.29% 8,830 $2.1M Add +61.8%
BIL SS SPDR BB 1-3M T-Bill ETF 0.24% 19,321 $1.8M Reduce -9.3%
IBTX Independent Bank Group Inc. 0.22% 26,997 $1.6M Reduce -3.4%
BX Blackstone Inc. 0.22% 9,469 $1.6M Add +582.7%
MPLX MPLX LP 0.21% 31,912 $1.5M Add +50.0%
TPL Texas Pacific Land Corp. 0.20% 1,350 $1.5M No change
IEFA iShares Core MSCI Eafe ETF 0.20% 20,816 $1.5M Reduce -5.2%
OKE Oneok Inc. 0.18% 13,324 $1.3M Add +4.5%
BSM Black Stone Minerals LP 0.18% 91,465 $1.3M Reduce -0.1%
MA Mastercard Inc. Class A 0.17% 2,391 $1.3M Add +2.1%
JEPI JPMorgan Equity Premium Inco 0.17% 21,483 $1.2M Add +0.3%
TSM Taiwan Semiconductor-SP ADR 0.16% 5,963 $1.2M Add +93.7%
SCHW Schwab (charles) Corp. 0.16% 15,864 $1.2M Add +0.5%
DMLP Dorchester Minerals LP 0.15% 34,177 $1.1M Add +0.0%
BKLN Invesco Senior Loan ETF 0.15% 53,381 $1.1M Add +6.8%
SPDW Ste STR SPDR PT DW Eu ETF 0.15% 32,329 $1.1M Reduce -2.9%
PLTR Palantir Technologies Inc. Class A 0.15% 14,567 $1.1M Add +3.5%
FNDA Schwab Fndmntl US SM Co. ETF 0.15% 36,665 $1.1M Add +0.5%
VEA Vanguard Ftse Developed ETF 0.15% 22,675 $1.1M New
META Meta Platforms Inc. Class A 0.14% 1,775 $1.0M Add +73.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 4,648 $1.0M Add +1.4%
VNOM Viper Energy Inc. 0.14% 20,262 $994K No change
WMT Walmart Inc. 0.13% 10,895 $984K Add +26.6%
VOO Vanguard S&P 500 ETF 0.13% 1,784 $961K Add +61.9%
TXN Texas Instruments Inc. 0.13% 4,901 $919K Add +107.2%
NFLX Netflix Inc. 0.12% 1,012 $902K Add +16.1%
CADE Cadence Bank 0.12% 25,090 $864K Reduce -16.6%
NOC Northrop Grumman Corp. 0.11% 1,797 $843K Add +0.6%
COST Costco Wholesale Corp. 0.11% 897 $822K Add +3.6%
GOOG Alphabet Inc. Class C 0.11% 4,257 $811K Reduce -1.8%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.11% 14,228 $802K Add +16.7%
JBI Janus International Group Inc. 0.11% 105,144 $773K Add +0.2%
LUV Southwest Airlines Co. 0.10% 22,457 $755K Add +0.2%
GHC Graham Holdings Co. Class B 0.10% 834 $728K Add +0.1%
AMGN Amgen Inc. 0.10% 2,780 $725K Add +32.5%
MRK Merck & Co. Inc. 0.10% 7,260 $722K Reduce -0.2%
JNJ Johnson & Johnson 0.10% 4,950 $716K Add +34.3%
CRWD CrowdStrike Holdings Inc. Class A 0.10% 2,065 $707K Add +23.9%
HD Home Depot Inc. 0.10% 1,815 $706K Add +13.2%
CAVA Cava Group Inc. 0.10% 6,194 $699K Add +1.8%
ABBV Abbvie Inc. 0.09% 3,760 $668K Add +3.1%
BKNG Booking Holdings Inc. 0.09% 131 $651K Add +0.8%
GLD SPDR Gold Shares 0.09% 2,674 $647K No change
CNDT Conduent Inc. 0.09% 160,000 $646K Add +1500.0%
CVX Chevron Corp. 0.09% 4,412 $639K Add +30.1%
V Visa Inc. Class A 0.08% 1,971 $623K Add +114.0%
IEMG iShares Core MSCI Emerging 0.08% 11,720 $612K Add +0.0%
ESGU iShares ESG Aware MSCI USA 0.08% 4,718 $608K Add +0.2%
CSCO Cisco Systems Inc. 0.08% 10,162 $602K Add +14.9%
SHY iShares 1-3 Year Treasury Bo 0.08% 6,958 $570K Reduce -46.5%
FNGG Direxion Daily Nyse Fang+ Bu 0.07% 3,028 $545K No change
NLY Annaly Capital Management Inc. 0.07% 28,823 $527K New
ADP Automatic Data Processing 0.07% 1,697 $497K New
AGNC AGNC Investment Corp. 0.07% 53,834 $496K Add +195.2%
LLY Eli Lilly & Co. 0.07% 632 $488K Add +47.0%

Show all 186 holdings

Portfolio Sells Q3 2024 → Q4 2024
FIXD First Trust Smith Opportunis Reduce -27.1% 1.30% −0.70
IQLT iShares MSCI International Q Reduce -1.9% 2.41% −0.51
VIGI Vanguard Int Div App Indx FD Reduce -4.6% 1.95% −0.45
RSP Invesco S&P 500 Equal Weight Reduce -0.3% 4.85% −0.43
FNDF Schwab Fndmn Intl LRG Co. ETF Reduce -2.2% 1.87% −0.42
XSOE Wisdmtree Emerg MKT Ex-St Ow Reduce -8.2% 1.45% −0.37
RDVY First Trust Rising Dividend Reduce -0.6% 1.61% −0.11
AGG iShares Core U.S. Aggregate Sold out 0.00% −0.10
BSV Vanguard Short-Term Bond ETF Reduce -13.1% 0.40% −0.10
RODM Hartford Multifact Dev MRKT Reduce -9.9% 0.35% −0.09
JPST JPMorgan Ultra-Short Income Reduce -7.0% 0.59% −0.09
SHY iShares 1-3 Year Treasury Bo Reduce -46.5% 0.08% −0.08
IEFA iShares Core MSCI Eafe ETF Reduce -5.2% 0.20% −0.05
INTC Intel Corp. Reduce -38.2% 0.04% −0.04
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -9.3% 0.24% −0.04
EMXC iShares MSCI Emr MRK Ex Chna Sold out 0.00% −0.03
ESGD iShares Trust iShares ESG Aw Sold out 0.00% −0.03
NKE Nike Inc. Class B Sold out 0.00% −0.03
SPDW Ste STR SPDR PT DW Eu ETF Reduce -2.9% 0.15% −0.03
SCCO Southern Copper Corp. Sold out 0.00% −0.03
IGSB iShares 1-5Y Inv Grade Corp. Sold out 0.00% −0.03
STHO Star Holdings Reduce -47.4% 0.01% −0.02
MRK Merck & Co. Inc. Reduce -0.2% 0.10% −0.02
CADE Cadence Bank Reduce -16.6% 0.12% −0.02
BSM Black Stone Minerals LP Reduce -0.1% 0.18% −0.02
PFE Pfizer Inc. Reduce -9.8% 0.04% −0.01
NXPI NXP Semiconductors NV Reduce -1.3% 0.05% −0.01
IBTX Independent Bank Group Inc. Reduce -3.4% 0.22% −0.01
LUMINAR TECHNOLOGIES INC Sold out 0.00% −0.01
PM Philip Morris International Reduce -4.5% 0.06% −0.01
XLE SS Energy Select Sector Reduce -2.3% 0.04% −0.00
GRAYSCALE ETHEREUM MINI TR E Sold out 0.00% −0.00
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd Reduce -0.6% 0.04% −0.00
GOOG Alphabet Inc. Class C Reduce -1.8% 0.11% +0.01

Portfolio Buys Q3 2024 → Q4 2024
DGRW Wisdomtree U.S. Quality Divi Add +48.0% 2.43% +0.64
IJH iShares Core S&P Midcap ETF Add +435.6% 0.40% +0.32
ANGL Vaneck Fallen Angel High YLD Add +33.6% 1.62% +0.30
SJNK SS SPDR BB St Hi Yield ETF Add +23.1% 2.43% +0.29
SPGP Invesco S&P 500 Garp ETF Add +12.9% 4.44% +0.27
NVDA Nvidia Corp. Add +12.4% 1.41% +0.21
AMZN Amazon.com Inc. Add +17.9% 0.87% +0.21
BX Blackstone Inc. Add +582.7% 0.22% +0.19
MSFT Microsoft Corp. Add +25.6% 1.36% +0.19
IVV iShares Core S&P 500 ETF Add +51.2% 0.58% +0.18
GOOGL Alphabet Inc. Class A Add +101.0% 0.31% +0.17
VEA Vanguard Ftse Developed ETF New 0.15% +0.15
AVGO Broadcom Inc. Add +20.5% 0.42% +0.15
JPM JPMorgan Chase & Co. Add +61.8% 0.29% +0.12
TOTL SS Doubleline TR Tact ETF Add +17.3% 2.45% +0.12
TSLA Tesla Inc. Add +7.5% 0.31% +0.11
FPE FT-Preferred Secur & Inc. ETF Add +18.6% 1.27% +0.11
AAPL Apple Inc. Add +1.0% 4.59% +0.10
TSM Taiwan Semiconductor-SP ADR Add +93.7% 0.16% +0.08
CNDT Conduent Inc. Add +1500.0% 0.09% +0.08
SBR Sabine Royalty Trust Add +14.6% 0.68% +0.08
PLTR Palantir Technologies Inc. Class A Add +3.5% 0.15% +0.07
NLY Annaly Capital Management Inc. New 0.07% +0.07
MPLX MPLX LP Add +50.0% 0.21% +0.07
PTRB Pgim Total Return Bond ETF Add +13.0% 3.96% +0.07
ADP Automatic Data Processing New 0.07% +0.07
MRVL Marvell Technology Inc. New 0.06% +0.06
ET Energy Transfer LP Add +0.3% 0.48% +0.06
BFST Business First Bancshares New 0.06% +0.06
META Meta Platforms Inc. Class A Add +73.3% 0.14% +0.06
TXN Texas Instruments Inc. Add +107.2% 0.13% +0.05
WES Western Midstream Partners L New 0.05% +0.05
QQQ Invesco QQQ Trust Series 1 Add +5.6% 1.27% +0.05
V Visa Inc. Class A Add +114.0% 0.08% +0.05
VOO Vanguard S&P 500 ETF Add +61.9% 0.13% +0.05
VWO Vanguard Ftse Emerging Marke New 0.05% +0.05
FDN First Trust DJ Internet Ind New 0.05% +0.05
SYFI AB SHRT Duration HGH YLD ETF New 0.04% +0.04
SYK Stryker Corp. New 0.04% +0.04
SMH Vaneck Semiconductor ETF New 0.04% +0.04
VB Vanguard Most SM-Cap ETF-Usd New 0.04% +0.04
AGNC AGNC Investment Corp. Add +195.2% 0.07% +0.04
PPA Invesco Aerospace & Defense New 0.04% +0.04
EMR Emerson Electric Co. New 0.04% +0.04
GEV GE Vernova Inc. New 0.04% +0.04
AMP Ameriprise Financial Inc. New 0.04% +0.04
GE General Electric New 0.04% +0.04
WMT Walmart Inc. Add +26.6% 0.13% +0.03
NFLX Netflix Inc. Add +16.1% 0.12% +0.03
SBUX Starbucks Corp. New 0.03% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 268$1.0BQUAL, SCHD, VIG, AAPL, SPGP
Q1 2026 222$887.9MQUAL, SCHD, VIG, RSP, SPGP
Q4 2025 205$855.1MQUAL, SCHD, VIG, SPGP, RSP
Q3 2025 198$817.3MQUAL, SCHD, VIG, SPGP, RSP
Q2 2025 182$760.6MQUAL, SCHD, VIG, SPGP, RSP
Q1 2025 183$734.4MQUAL, SCHD, VIG, SPGP, RSP
Q4 2024 186$735.1MQUAL, SCHD, VIG, RSP, AAPL
Q3 2024 168$692.5MQUAL, SCHD, RSP, VIG, GTO
Q2 2024 156$610.2MQUAL, SCHD, RSP, VIG, AAPL
Q1 2024 159$580.2MQUAL, SCHD, RSP, VIG, AAPL