Howard Financial Services, LTD.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), Howard Financial Services, LTD. reported 205 stock positions worth $855.1 million. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 11.8% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 6.3%) and Vanguard Dividend Apprec ETF (VIG, 5.0%). Compared with Q3 2025, it opened 21 new positions, sold out of 14, added to 118 and reduced 45. The biggest buy was JPMorgan Ultra-Short Income (JPST, shares +178%) and the biggest sale Schwab US DVD Equity ETF (SCHD, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001768130
- Portfolio Value
- $855.1M (Q4 2025)
- SEC Filing
- 0001768130-26-000001 ↗ filed Jan 12, 2026
Holdings Value
Holdings 205 stocks · $855.1M
| QUAL iShares MSCI USA Quality Fac | 11.79% | 507,751 | $100.8M | Add +0.5% |
| SCHD Schwab US DVD Equity ETF | 6.27% | 1,955,537 | $53.6M | Reduce -1.7% |
| VIG Vanguard Dividend Apprec ETF | 5.03% | 195,818 | $43.0M | Add +3.8% |
| SPGP Invesco S&P 500 Garp ETF | 4.47% | 335,500 | $38.2M | Reduce -2.7% |
| RSP Invesco S&P 500 Equal Weight | 4.29% | 191,639 | $36.7M | Reduce -2.4% |
| AAPL Apple Inc. | 4.14% | 130,295 | $35.4M | Reduce -1.5% |
| GTO Invesco Total Return Bond Et | 4.11% | 741,142 | $35.1M | Add +2.2% |
| HTRB Hartford TTL RTRN BND ETF | 3.70% | 926,744 | $31.6M | Add +3.1% |
| DGRW Wisdomtree U.S. Quality Divi | 3.65% | 349,177 | $31.2M | Add +2.1% |
| PTRB Pgim Total Return Bond ETF | 3.60% | 732,998 | $30.8M | Add +8.2% |
| SJNK SS SPDR BB St Hi Yield ETF | 2.49% | 839,936 | $21.3M | Reduce -3.2% |
| TOTL SS Doubleline TR Tact ETF | 2.48% | 526,120 | $21.2M | Add +1.3% |
| SCHG Schwab US Large-Cap Growth | 2.47% | 648,561 | $21.2M | Add +23.6% |
| IQLT iShares MSCI International Q | 2.38% | 447,563 | $20.3M | Add +1.7% |
| ANGL Vaneck Fallen Angel High YLD | 2.11% | 615,543 | $18.1M | Add +4.8% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 2.07% | 391,467 | $17.7M | Add +3.4% |
| RDVY First Trust Rising Dividend | 1.98% | 243,410 | $16.9M | Add +6.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.96% | 24,546 | $16.7M | Add +2.8% |
| VIGI Vanguard Int Div App Indx FD | 1.87% | 174,488 | $16.0M | Add +3.1% |
| NVDA Nvidia Corp. | 1.71% | 78,296 | $14.6M | Reduce -0.3% |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | 1.40% | 306,566 | $12.0M | Add +1.6% |
| MSFT Microsoft Corp. | 1.30% | 22,905 | $11.1M | Add +6.2% |
| QQQ Invesco QQQ Trust Series 1 | 1.25% | 17,413 | $10.7M | Add +0.1% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 1.09% | 210,377 | $9.3M | Reduce -11.8% |
| JPST JPMorgan Ultra-Short Income | 1.03% | 174,653 | $8.8M | Add +177.8% |
| MOAT Vaneck Morningstar Wide Moat | 1.02% | 84,591 | $8.8M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.86% | 14,677 | $7.4M | Add +2.6% |
| AMZN Amazon.com Inc. | 0.80% | 29,460 | $6.8M | Add +7.3% |
| FPE FT-Preferred Secur & Inc. ETF | 0.77% | 360,571 | $6.6M | Reduce -1.9% |
| AVGO Broadcom Inc. | 0.62% | 15,274 | $5.3M | Add +0.7% |
| SBR Sabine Royalty Trust | 0.55% | 68,012 | $4.7M | Add +0.1% |
| IVV iShares Core S&P 500 ETF | 0.53% | 6,585 | $4.5M | Add +0.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.47% | 11,949 | $4.0M | Add +9.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.45% | 42,092 | $3.8M | Add +130.2% |
| EPD Enterprise Products Partners | 0.45% | 119,376 | $3.8M | Add +1.6% |
| RODM Hartford Multifact Dev MRKT | 0.41% | 93,710 | $3.5M | Add +1.0% |
| CMG Chipotle Mexican Grill Inc. | 0.40% | 93,320 | $3.5M | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 0.40% | 10,843 | $3.4M | Add +21.5% |
| ET Energy Transfer LP | 0.36% | 188,175 | $3.1M | Add +0.3% |
| VPLS Vanguard Core-Plus Bond ETF | 0.34% | 37,210 | $2.9M | Add +453.1% |
| BSV Vanguard Short-Term Bond ETF | 0.33% | 35,779 | $2.8M | Reduce -5.8% |
| TSLA Tesla Inc. | 0.33% | 6,202 | $2.8M | Add +8.2% |
| FIXD First Trust Smith Opportunis | 0.32% | 62,065 | $2.8M | Reduce -40.7% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.31% | 81,886 | $2.7M | Add +1.2% |
| SCHF Schwab Intl Equity ETF | 0.29% | 101,712 | $2.4M | Add +0.8% |
| XOM Exxon Mobil Corp. | 0.29% | 20,303 | $2.4M | Add +3.6% |
| PLTR Palantir Technologies Inc. Class A | 0.28% | 13,665 | $2.4M | Add +1.6% |
| MPLX MPLX LP | 0.28% | 44,734 | $2.4M | Add +32.2% |
| PEP Pepsico Inc. | 0.26% | 15,648 | $2.2M | Reduce -1.2% |
| JPM JPMorgan Chase & Co. | 0.24% | 6,241 | $2.0M | Add +1.7% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.23% | 36,524 | $1.9M | Add +157.7% |
| SCHW Schwab (charles) Corp. | 0.20% | 17,434 | $1.7M | Add +8.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.20% | 19,379 | $1.7M | Reduce -0.7% |
| GOOG Alphabet Inc. Class C | 0.20% | 5,334 | $1.7M | Add +20.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.18% | 5,193 | $1.6M | Add +2.1% |
| SSB Southstate Bank Corp. | 0.18% | 16,149 | $1.5M | No change |
| MA Mastercard Inc. Class A | 0.18% | 2,639 | $1.5M | Add +4.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.16% | 4,590 | $1.4M | Add +3.9% |
| GE General Electric filed as GE AEROSPACE | 0.16% | 4,323 | $1.3M | Add +207.3% |
| WMT Walmart Inc. | 0.14% | 11,125 | $1.2M | Add +10.8% |
| BSM Black Stone Minerals LP | 0.14% | 92,064 | $1.2M | Reduce -0.0% |
| VNOM Viper Energy Inc. Class A | 0.14% | 31,666 | $1.2M | Add +29.9% |
| TPL Texas Pacific Land Corp. | 0.14% | 4,053 | $1.2M | No change |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.14% | 36,912 | $1.2M | Add +0.3% |
| META Meta Platforms Inc. Class A | 0.13% | 1,747 | $1.2M | Add +20.1% |
| DMLP Dorchester Minerals LP | 0.13% | 50,961 | $1.1M | Add +33.4% |
| CADE Cadence Bank | 0.13% | 25,638 | $1.1M | Reduce -0.3% |
| TQQQ Proshares Ultrapro QQQ | 0.12% | 20,250 | $1.1M | No change |
| GEV GE Vernova Inc. | 0.12% | 1,570 | $1.0M | Add +95.8% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.12% | 22,431 | $996K | No change |
| NFLX Netflix Inc. | 0.12% | 10,580 | $992K | Add +2.8% |
| LLY Eli Lilly & Co. | 0.12% | 915 | $983K | Add +39.7% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.11% | 18,550 | $979K | New |
| LUV Southwest Airlines Co. | 0.11% | 22,726 | $939K | Add +0.6% |
| NLY Annaly Capital Management Inc. | 0.11% | 41,957 | $938K | Add +1.7% |
| JNJ Johnson & Johnson | 0.11% | 4,515 | $934K | Add +10.9% |
| GHC Graham Holdings Co. Class B | 0.11% | 841 | $924K | Add +0.2% |
| OKE Oneok Inc. | 0.11% | 12,555 | $923K | Reduce -7.2% |
| GLD SPDR Gold Shares | 0.11% | 2,287 | $906K | Reduce -0.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.10% | 1,884 | $883K | Add +2.1% |
| MRK Merck & Co. Inc. | 0.10% | 7,807 | $822K | Add +9.8% |
| CSCO Cisco Systems Inc. | 0.10% | 10,661 | $821K | Add +17.9% |
| NUV Nuveen Municipal Value | 0.10% | 90,060 | $816K | New |
| COST Costco Wholesale Corp. | 0.09% | 930 | $802K | Reduce -1.7% |
| PM Philip Morris International | 0.09% | 4,998 | $802K | Add +4.5% |
| IEMG iShares Core MSCI Emerging | 0.09% | 11,705 | $787K | Reduce -0.1% |
| AGNC AGNC Investment Corp. | 0.09% | 72,721 | $780K | Add +2.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.09% | 1 | $755K | No change |
| BKNG Booking Holdings Inc. | 0.09% | 140 | $750K | Add +1.4% |
| ABBV Abbvie Inc. | 0.09% | 3,245 | $742K | Add +6.8% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.08% | 12,393 | $720K | Add +0.3% |
| ESGU iShares ESG Aware MSCI USA | 0.08% | 4,765 | $710K | Add +0.2% |
| JBI Janus International Group Inc. | 0.08% | 104,926 | $686K | No change |
| CVX Chevron Corp. | 0.08% | 4,380 | $668K | Reduce -8.0% |
| NOC Northrop Grumman Corp. | 0.08% | 1,143 | $651K | Add +1.4% |
| V Visa Inc. Class A | 0.08% | 1,851 | $649K | Add +22.2% |
| MS Morgan Stanley | 0.07% | 3,579 | $635K | Add +1.6% |
| AMGN Amgen Inc. | 0.07% | 1,936 | $634K | Add +6.1% |
| HD Home Depot Inc. | 0.07% | 1,831 | $630K | Add +3.3% |
| VOO Vanguard S&P 500 ETF | 0.07% | 984 | $617K | Reduce -1.5% |
Portfolio Sells Q3 2025 → Q4 2025
| SCHD Schwab US DVD Equity ETF | Reduce -1.7% | 6.27% | −0.38 |
| SPGP Invesco S&P 500 Garp ETF | Reduce -2.7% | 4.47% | −0.33 |
| RSP Invesco S&P 500 Equal Weight | Reduce -2.4% | 4.29% | −0.27 |
| FIXD First Trust Smith Opportunis | Reduce -40.7% | 0.32% | −0.25 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -3.2% | 2.49% | −0.23 |
| SSB Southstate Bank Corp. | Sold out | 0.00% | −0.20 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -11.8% | 1.09% | −0.19 |
| JEPI JPMorgan Equity Premium Inco | Sold out | 0.00% | −0.14 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.11 |
| NVDA Nvidia Corp. | Reduce -0.3% | 1.71% | −0.08 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -1.9% | 0.77% | −0.05 |
| BSV Vanguard Short-Term Bond ETF | Reduce -5.8% | 0.33% | −0.04 |
| HBI Hanesbrands Inc. | Sold out | 0.00% | −0.03 |
| DIREXION DAILY SEMI BEAR 3X | Reduce -52.9% | 0.01% | −0.03 |
| TWO Two Harbors Investment Corp. | Sold out | 0.00% | −0.03 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.03 |
| VST Vistra Corp. | Sold out | 0.00% | −0.03 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.03 |
| OKLO Oklo Inc. | Reduce -6.7% | 0.03% | −0.03 |
| NOG Northern Oil and Gas Inc. | Sold out | 0.00% | −0.02 |
| MSTR Strategy Inc. | Sold out | 0.00% | −0.02 |
| ORCL Oracle Corp. | Reduce -1.5% | 0.04% | −0.02 |
| BX Blackstone Inc. | Reduce -19.1% | 0.05% | −0.02 |
| INTC Intel Corp. | Reduce -27.4% | 0.05% | −0.02 |
| DIREXION SHARES ETF TRUST | Sold out | 0.00% | −0.02 |
| VS TRUST | Sold out | 0.00% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -1.7% | 0.09% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -17.9% | 0.05% | −0.01 |
| OKE Oneok Inc. | Reduce -7.2% | 0.11% | −0.01 |
| CVX Chevron Corp. | Reduce -8.0% | 0.08% | −0.01 |
| BABA Alibaba Group Holding-SP ADR | Reduce -1.2% | 0.04% | −0.01 |
| PEP Pepsico Inc. | Reduce -1.2% | 0.26% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -16.9% | 0.03% | −0.01 |
| PANW Palo Alto Networks Inc. | Reduce -1.3% | 0.05% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -8.0% | 0.04% | −0.01 |
| TIDAL TRUST II | Sold out | 0.00% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.7% | 0.20% | −0.01 |
| BSM Black Stone Minerals LP | Reduce -0.0% | 0.14% | −0.01 |
| TPYP Tortoise North American Pipe | Reduce -3.8% | 0.04% | −0.00 |
| CRBN Ish Low Car Opt Ms Ac ETF-US | Reduce -12.6% | 0.02% | −0.00 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -0.3% | 1.02% | −0.00 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -5.2% | 0.05% | −0.00 |
| ABT Abbott Laboratories | Reduce -0.9% | 0.03% | −0.00 |
| IWF iShares Russell 1000 Growth | Reduce -6.7% | 0.03% | −0.00 |
| LEAD Siren Divcon Leaders Dividen | Reduce -1.5% | 0.06% | −0.00 |
| VXF Vanguard Extended Market ETF | Reduce -1.9% | 0.05% | −0.00 |
| AEM Agnico Eagle Mines Ltd. | Reduce -6.2% | 0.03% | −0.00 |
| TMFC Motley Fool 100 Index ETF | Reduce -3.9% | 0.04% | −0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -1.5% | 0.07% | −0.00 |
| IEMG iShares Core MSCI Emerging | Reduce -0.1% | 0.09% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| JPST JPMorgan Ultra-Short Income | Add +177.8% | 1.03% | +0.64 |
| SCHG Schwab US Large-Cap Growth | Add +23.6% | 2.47% | +0.42 |
| VPLS Vanguard Core-Plus Bond ETF | Add +453.1% | 0.34% | +0.28 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +130.2% | 0.45% | +0.24 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +157.7% | 0.23% | +0.13 |
| GOOGL Alphabet Inc. Class A | Add +21.5% | 0.40% | +0.13 |
| GPIX GLDM SA S&P 500 PR in ETF-US | New | 0.11% | +0.11 |
| PTRB Pgim Total Return Bond ETF | Add +8.2% | 3.60% | +0.11 |
| GE General Electric | Add +207.3% | 0.16% | +0.10 |
| NUV Nuveen Municipal Value | New | 0.10% | +0.10 |
| RDVY First Trust Rising Dividend | Add +6.3% | 1.98% | +0.09 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +3.4% | 2.07% | +0.08 |
| MPLX MPLX LP | Add +32.2% | 0.28% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +20.1% | 0.20% | +0.06 |
| GEV GE Vernova Inc. | Add +95.8% | 0.12% | +0.06 |
| AMZN Amazon.com Inc. | Add +7.3% | 0.80% | +0.06 |
| LLY Eli Lilly & Co. | Add +39.7% | 0.12% | +0.05 |
| AGG iShares Core U.S. Aggregate | New | 0.05% | +0.05 |
| VIG Vanguard Dividend Apprec ETF | Add +3.8% | 5.03% | +0.05 |
| KRP Kimbell Royalty Partners LP | Add +243.4% | 0.06% | +0.04 |
| AMD Advanced Micro Devices | New | 0.04% | +0.04 |
| PRU Prudential Financial Inc. | New | 0.03% | +0.03 |
| EOG EOG Resources Inc. | New | 0.03% | +0.03 |
| COF Capital One Financial Corp. | New | 0.03% | +0.03 |
| MU Micron Technology Inc. | Add +12.7% | 0.07% | +0.03 |
| GIL Gildan Activewear Inc. | New | 0.03% | +0.03 |
| PFE Pfizer Inc. | New | 0.03% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | Add +9.5% | 0.47% | +0.03 |
| VNOM Viper Energy Inc. Class A | Add +29.9% | 0.14% | +0.03 |
| MCD McDonald's Corp. | New | 0.03% | +0.03 |
| CRCL Circle Internet Group Inc. | New | 0.03% | +0.03 |
| DIS The Walt Disney Co. | New | 0.03% | +0.03 |
| CME Cme Group Inc. | New | 0.03% | +0.03 |
| GRAL Grail Inc. | New | 0.03% | +0.03 |
| TRV The Travelers Cos Inc. | New | 0.03% | +0.03 |
| ELV Elevance Health Inc. | New | 0.03% | +0.03 |
| ADBE Adobe Inc. | New | 0.03% | +0.03 |
| PHYS Sprott Physical Gold Trust | New | 0.02% | +0.02 |
| KMB Kimberly-Clark Corp. | New | 0.02% | +0.02 |
| D Dominion Energy Inc. | New | 0.02% | +0.02 |
| MRK Merck & Co. Inc. | Add +9.8% | 0.10% | +0.02 |
| LUV Southwest Airlines Co. | Add +0.6% | 0.11% | +0.02 |
| CSCO Cisco Systems Inc. | Add +17.9% | 0.10% | +0.02 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +84.8% | 0.05% | +0.02 |
| ISRG Intuitive Surgical Inc. | Add +18.9% | 0.06% | +0.02 |
| WMT Walmart Inc. | Add +10.8% | 0.14% | +0.02 |
| JNJ Johnson & Johnson | Add +10.9% | 0.11% | +0.02 |
| SCHW Schwab (charles) Corp. | Add +8.7% | 0.20% | +0.02 |
| MSOX Advisorshare Msos DLY LVR-US | New | 0.02% | +0.02 |
| XOM Exxon Mobil Corp. | Add +3.6% | 0.29% | +0.02 |
Notes & Other Activity Q3 2025 → Q4 2025
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | Sold out | 10,000 | $10Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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 |