Howard Financial Services, LTD.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 7, 2025), Howard Financial Services, LTD. reported 183 stock positions worth $734.4 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, 7.9%) and Vanguard Dividend Apprec ETF (VIG, 4.9%). Compared with Q4 2024, it opened 13 new positions, sold out of 16, added to 98 and reduced 53. The biggest buy was Wisdomtree U.S. Quality Divi (DGRW, shares +36%) and the biggest sale PCR US SM CP CSH CWS ETF-Usd (CALF, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001768130
- Portfolio Value
- $734.4M (Q1 2025)
- SEC Filing
- 0001768130-25-000002 ↗ filed Apr 7, 2025
Holdings Value
Holdings 183 stocks · $734.4M
| QUAL iShares MSCI USA Quality Fac | 11.28% | 484,702 | $82.8M | Add +6.5% |
| SCHD Schwab US DVD Equity ETF | 7.89% | 2,073,100 | $58.0M | Add +2.5% |
| VIG Vanguard Dividend Apprec ETF | 4.91% | 185,818 | $36.0M | Add +1.6% |
| SPGP Invesco S&P 500 Garp ETF | 4.82% | 354,389 | $35.4M | Add +13.8% |
| RSP Invesco S&P 500 Equal Weight | 4.71% | 199,531 | $34.6M | Reduce -1.9% |
| GTO Invesco Total Return Bond Et | 4.57% | 714,829 | $33.5M | Add +2.0% |
| AAPL Apple Inc. | 4.08% | 134,972 | $30.0M | Add +0.2% |
| HTRB Hartford TTL RTRN BND ETF | 4.00% | 868,425 | $29.4M | Reduce -1.8% |
| PTRB Pgim Total Return Bond ETF | 3.80% | 669,232 | $27.9M | Reduce -5.9% |
| DGRW Wisdomtree U.S. Quality Divi | 3.26% | 299,775 | $23.9M | Add +36.0% |
| TOTL SS Doubleline TR Tact ETF | 2.82% | 514,756 | $20.7M | Add +12.8% |
| SJNK SS SPDR BB St Hi Yield ETF | 2.75% | 804,101 | $20.2M | Add +13.8% |
| IQLT iShares MSCI International Q | 2.38% | 441,111 | $17.5M | Reduce -7.7% |
| ANGL Vaneck Fallen Angel High YLD | 2.04% | 519,549 | $15.0M | Add +25.1% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 1.96% | 384,417 | $14.4M | Reduce -13.5% |
| VIGI Vanguard Int Div App Indx FD | 1.91% | 168,986 | $14.0M | Reduce -5.7% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 1.87% | 381,000 | $13.8M | Reduce -8.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.76% | 23,133 | $12.9M | Add +3.8% |
| RDVY First Trust Rising Dividend | 1.63% | 204,854 | $12.0M | Add +2.4% |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | 1.34% | 318,466 | $9.8M | Reduce -9.1% |
| MSFT Microsoft Corp. | 1.25% | 24,443 | $9.2M | Add +2.7% |
| NVDA Nvidia Corp. | 1.20% | 81,027 | $8.8M | Add +4.7% |
| FIXD First Trust Smith Opportunis | 1.16% | 194,977 | $8.5M | Reduce -12.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.11% | 17,358 | $8.1M | Reduce -5.3% |
| FPE FT-Preferred Secur & Inc. ETF | 1.11% | 461,801 | $8.1M | Reduce -12.1% |
| MOAT Vaneck Morningstar Wide Moat | 1.08% | 90,288 | $7.9M | Add +3.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.00% | 13,851 | $7.4M | Add +3.4% |
| AMZN Amazon.com Inc. | 0.76% | 29,145 | $5.5M | Reduce -0.3% |
| SBR Sabine Royalty Trust | 0.71% | 77,433 | $5.2M | Add +0.1% |
| CMG Chipotle Mexican Grill Inc. | 0.64% | 94,030 | $4.7M | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 0.55% | 7,243 | $4.1M | Add +0.3% |
| JPST JPMorgan Ultra-Short Income | 0.54% | 78,102 | $4.0M | Reduce -8.9% |
| BSV Vanguard Short-Term Bond ETF | 0.49% | 46,308 | $3.6M | Add +21.8% |
| ET Energy Transfer LP | 0.46% | 182,047 | $3.4M | Add +0.2% |
| EPD Enterprise Products Partners | 0.44% | 93,631 | $3.2M | Add +1.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.41% | 10,887 | $3.0M | Add +0.3% |
| RODM Hartford Multifact Dev MRKT | 0.40% | 93,922 | $2.9M | Add +3.2% |
| IJH iShares Core S&P Midcap ETF | 0.38% | 47,548 | $2.8M | Add +0.0% |
| PEP Pepsico Inc. | 0.36% | 17,742 | $2.7M | Add +2.9% |
| AVGO Broadcom Inc. | 0.32% | 14,192 | $2.4M | Add +5.5% |
| XOM Exxon Mobil Corp. | 0.32% | 19,756 | $2.3M | Reduce -15.6% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.31% | 83,577 | $2.3M | Reduce -7.7% |
| SCHF Schwab Intl Equity ETF | 0.28% | 104,081 | $2.1M | Reduce -17.3% |
| JPM JPMorgan Chase & Co. | 0.28% | 8,253 | $2.0M | Reduce -6.5% |
| GOOGL Alphabet Inc. Class A | 0.26% | 12,303 | $1.9M | Add +2.8% |
| TPL Texas Pacific Land Corp. | 0.24% | 1,351 | $1.8M | Add +0.1% |
| MPLX MPLX LP | 0.24% | 32,476 | $1.7M | Add +1.8% |
| SSB Southstate Bank Corp. | 0.21% | 16,326 | $1.5M | New |
| TSLA Tesla Inc. | 0.21% | 5,811 | $1.5M | Add +4.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.20% | 19,480 | $1.5M | Reduce -6.4% |
| BSM Black Stone Minerals LP | 0.19% | 91,662 | $1.4M | Add +0.2% |
| MA Mastercard Inc. Class A | 0.19% | 2,526 | $1.4M | Add +5.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.19% | 14,911 | $1.4M | Reduce -22.8% |
| OKE Oneok Inc. | 0.18% | 12,995 | $1.3M | Reduce -2.5% |
| BX Blackstone Inc. | 0.17% | 9,153 | $1.3M | Reduce -3.3% |
| SCHW Schwab (charles) Corp. | 0.17% | 15,983 | $1.3M | Add +0.8% |
| JEPI JPMorgan Equity Premium Inco | 0.16% | 20,635 | $1.2M | Reduce -4.0% |
| VEA Vanguard Ftse Developed ETF | 0.16% | 22,680 | $1.2M | Add +0.0% |
| PLTR Palantir Technologies Inc. Class A | 0.16% | 13,587 | $1.1M | Reduce -6.7% |
| META Meta Platforms Inc. Class A | 0.15% | 1,970 | $1.1M | Add +11.0% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.15% | 30,798 | $1.1M | Reduce -4.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 4,453 | $1.1M | Reduce -4.2% |
| DMLP Dorchester Minerals LP | 0.14% | 34,184 | $1.0M | Add +0.0% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.14% | 36,701 | $1.0M | Add +0.1% |
| NFLX Netflix Inc. | 0.14% | 1,067 | $995K | Add +5.4% |
| WMT Walmart Inc. | 0.13% | 11,263 | $989K | Add +3.4% |
| NOC Northrop Grumman Corp. | 0.13% | 1,801 | $922K | Add +0.2% |
| VNOM Viper Energy Inc. | 0.12% | 20,262 | $915K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.12% | 5,485 | $911K | Reduce -8.0% |
| TXN Texas Instruments Inc. | 0.12% | 4,980 | $895K | Add +1.6% |
| COST Costco Wholesale Corp. | 0.12% | 902 | $853K | Add +0.6% |
| CVX Chevron Corp. | 0.11% | 4,924 | $824K | Add +11.6% |
| AMGN Amgen Inc. | 0.11% | 2,621 | $817K | Reduce -5.7% |
| GHC Graham Holdings Co. Class B | 0.11% | 836 | $803K | Add +0.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.11% | 1 | $798K | New |
| JNJ Johnson & Johnson | 0.11% | 4,653 | $772K | Reduce -6.0% |
| CADE Cadence Bank | 0.10% | 25,270 | $767K | Add +0.7% |
| LUV Southwest Airlines Co. | 0.10% | 22,642 | $760K | Add +0.8% |
| GLD SPDR Gold Shares | 0.10% | 2,634 | $759K | Reduce -1.5% |
| JBI Janus International Group Inc. | 0.10% | 105,144 | $757K | No change |
| GOOG Alphabet Inc. Class C | 0.10% | 4,822 | $753K | Add +13.3% |
| PM Philip Morris International | 0.10% | 4,566 | $725K | Add +19.8% |
| V Visa Inc. Class A | 0.09% | 1,848 | $648K | Reduce -6.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.09% | 1,811 | $639K | Reduce -12.3% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.09% | 12,264 | $635K | Reduce -13.8% |
| IEMG iShares Core MSCI Emerging | 0.09% | 11,720 | $633K | No change |
| CSCO Cisco Systems Inc. | 0.09% | 10,115 | $624K | Reduce -0.5% |
| BKNG Booking Holdings Inc. | 0.08% | 134 | $617K | Add +2.3% |
| NLY Annaly Capital Management Inc. | 0.08% | 30,156 | $612K | Add +4.6% |
| HD Home Depot Inc. | 0.08% | 1,648 | $604K | Reduce -9.2% |
| ABBV Abbvie Inc. | 0.08% | 2,845 | $596K | Reduce -24.3% |
| MRK Merck & Co. Inc. | 0.08% | 6,552 | $588K | Reduce -9.8% |
| LLY Eli Lilly & Co. | 0.08% | 701 | $579K | Add +10.9% |
| ESGU iShares ESG Aware MSCI USA | 0.08% | 4,730 | $577K | Add +0.3% |
| VOO Vanguard S&P 500 ETF | 0.08% | 1,111 | $571K | Reduce -37.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.08% | 6,831 | $565K | Reduce -1.8% |
| KOLD Proshares Ultrashort Bloombe | 0.07% | 28,000 | $548K | New |
| CAVA Cava Group Inc. | 0.07% | 6,194 | $535K | No change |
| AGNC AGNC Investment Corp. | 0.07% | 55,766 | $534K | Add +3.6% |
| KO The Coca-Cola Co. | 0.07% | 7,408 | $531K | Reduce -2.4% |
Portfolio Sells Q4 2024 → Q1 2025
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -13.5% | 1.96% | −0.70 |
| IBTX Independent Bank Group Inc. | Sold out | 0.00% | −0.22 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -5.3% | 1.11% | −0.17 |
| PTRB Pgim Total Return Bond ETF | Reduce -5.9% | 3.80% | −0.16 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -12.1% | 1.11% | −0.16 |
| BKLN Invesco Senior Loan ETF | Sold out | 0.00% | −0.15 |
| RSP Invesco S&P 500 Equal Weight | Reduce -1.9% | 4.71% | −0.14 |
| FIXD First Trust Smith Opportunis | Reduce -12.7% | 1.16% | −0.14 |
| CMG Chipotle Mexican Grill Inc. | Reduce -0.1% | 0.64% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -0.3% | 0.76% | −0.12 |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | Reduce -9.1% | 1.34% | −0.11 |
| CNDT Conduent Inc. | Reduce -93.8% | 0.00% | −0.08 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -22.8% | 0.19% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -37.7% | 0.08% | −0.05 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.05 |
| JPST JPMorgan Ultra-Short Income | Reduce -8.9% | 0.54% | −0.05 |
| BX Blackstone Inc. | Reduce -3.3% | 0.17% | −0.05 |
| FDN First Trust DJ Internet Ind | Sold out | 0.00% | −0.05 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.04 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.04 |
| SYFI AB SHRT Duration HGH YLD ETF | Sold out | 0.00% | −0.04 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.04 |
| VIGI Vanguard Int Div App Indx FD | Reduce -5.7% | 1.91% | −0.04 |
| SMH Vaneck Semiconductor ETF | Sold out | 0.00% | −0.04 |
| PPA Invesco Aerospace & Defense | Sold out | 0.00% | −0.04 |
| TFIN Triumph Financial Inc. | Sold out | 0.00% | −0.04 |
| SCHF Schwab Intl Equity ETF | Reduce -17.3% | 0.28% | −0.04 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -8.0% | 0.12% | −0.04 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.03 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.03 |
| MET Metlife Inc. | Sold out | 0.00% | −0.03 |
| IQLT iShares MSCI International Q | Reduce -7.7% | 2.38% | −0.03 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.03 |
| PHYS Sprott Physical Gold Trust | Sold out | 0.00% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -15.6% | 0.32% | −0.02 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -13.8% | 0.09% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -9.8% | 0.08% | −0.02 |
| AXP American Express Co. | Reduce -21.0% | 0.04% | −0.02 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -7.7% | 0.31% | −0.01 |
| HD Home Depot Inc. | Reduce -9.2% | 0.08% | −0.01 |
| LULU Lululemon Athletica Inc. | Reduce -2.6% | 0.03% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -6.5% | 0.28% | −0.01 |
| XLK SS Technology Select Sector | Reduce -10.1% | 0.04% | −0.01 |
| ABBV Abbvie Inc. | Reduce -24.3% | 0.08% | −0.01 |
| UPS United Parcel Service Class B | Reduce -11.7% | 0.03% | −0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -12.3% | 0.09% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -12.4% | 0.05% | −0.01 |
| JEPI JPMorgan Equity Premium Inco | Reduce -4.0% | 0.16% | −0.01 |
| OKE Oneok Inc. | Reduce -2.5% | 0.18% | −0.01 |
| LEAD Siren Divcon Leaders Dividen | Reduce -7.1% | 0.06% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| DGRW Wisdomtree U.S. Quality Divi | Add +36.0% | 3.26% | +0.83 |
| ANGL Vaneck Fallen Angel High YLD | Add +25.1% | 2.04% | +0.42 |
| SCHD Schwab US DVD Equity ETF | Add +2.5% | 7.89% | +0.38 |
| SPGP Invesco S&P 500 Garp ETF | Add +13.8% | 4.82% | +0.38 |
| TOTL SS Doubleline TR Tact ETF | Add +12.8% | 2.82% | +0.38 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +13.8% | 2.75% | +0.33 |
| QUAL iShares MSCI USA Quality Fac | Add +6.5% | 11.28% | +0.26 |
| SSB Southstate Bank Corp. | New | 0.21% | +0.21 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.4% | 1.00% | +0.18 |
| GTO Invesco Total Return Bond Et | Add +2.0% | 4.57% | +0.15 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.11% | +0.11 |
| BSV Vanguard Short-Term Bond ETF | Add +21.8% | 0.49% | +0.09 |
| KOLD Proshares Ultrashort Bloombe | New | 0.07% | +0.07 |
| TQQQ Proshares Ultrapro QQQ | New | 0.06% | +0.06 |
| RODM Hartford Multifact Dev MRKT | Add +3.2% | 0.40% | +0.04 |
| RSPG Invesco S&P 500 Equal Weight | New | 0.04% | +0.04 |
| EPD Enterprise Products Partners | Add +1.5% | 0.44% | +0.04 |
| TPL Texas Pacific Land Corp. | Add +0.1% | 0.24% | +0.04 |
| PM Philip Morris International | Add +19.8% | 0.10% | +0.04 |
| VIG Vanguard Dividend Apprec ETF | Add +1.6% | 4.91% | +0.04 |
| ABT Abbott Laboratories | New | 0.04% | +0.04 |
| SBR Sabine Royalty Trust | Add +0.1% | 0.71% | +0.03 |
| MPLX MPLX LP | Add +1.8% | 0.24% | +0.03 |
| UNP Union Pacific Corp. | New | 0.03% | +0.03 |
| APD Air Products & Chemicals Inc. | New | 0.03% | +0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | New | 0.03% | +0.03 |
| WFC Wells Fargo & Co. | New | 0.03% | +0.03 |
| EAT Brinker International Inc. | New | 0.03% | +0.03 |
| ESGD iShares Trust iShares ESG Aw | New | 0.03% | +0.03 |
| QQQM Invesco Nasdaq 100 ETF | Add +73.1% | 0.07% | +0.03 |
| CVX Chevron Corp. | Add +11.6% | 0.11% | +0.03 |
| RDVY First Trust Rising Dividend | Add +2.4% | 1.63% | +0.02 |
| STHO Star Holdings | Add +195.0% | 0.03% | +0.02 |
| BABA Alibaba Group Holding-SP ADR | Add +2.0% | 0.06% | +0.02 |
| MA Mastercard Inc. Class A | Add +5.7% | 0.19% | +0.02 |
| MO Altria Group Inc. | Add +14.7% | 0.06% | +0.01 |
| UBER Uber Technologies Inc. | Add +10.9% | 0.06% | +0.01 |
| LXP LXP Industrial Trust | New | 0.01% | +0.01 |
| META Meta Platforms Inc. Class A | Add +11.0% | 0.15% | +0.01 |
| NFLX Netflix Inc. | Add +5.4% | 0.14% | +0.01 |
| LLY Eli Lilly & Co. | Add +10.9% | 0.08% | +0.01 |
| NLY Annaly Capital Management Inc. | Add +4.6% | 0.08% | +0.01 |
| INTC Intel Corp. | Add +10.8% | 0.05% | +0.01 |
| NOC Northrop Grumman Corp. | Add +0.2% | 0.13% | +0.01 |
| SCHW Schwab (charles) Corp. | Add +0.8% | 0.17% | +0.01 |
| GHC Graham Holdings Co. Class B | Add +0.2% | 0.11% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +0.0% | 0.16% | +0.01 |
| BSM Black Stone Minerals LP | Add +0.2% | 0.19% | +0.01 |
| YUM Yum! Brands Inc. | Add +0.6% | 0.06% | +0.01 |
| HBI Hanesbrands Inc. | Add +89.8% | 0.03% | +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 |