Howard Financial Services, LTD.

Name: HOWARD FINANCIAL SERVICES, LTD. 13F holdings, Q4 2025
Creator: HOWARD FINANCIAL SERVICES, LTD.
Published: 2026-01-12

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

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%
MU Micron Technology Inc.	0.07%	2,119	$605K	Add +12.7%
IJH iShares Core S&P Midcap ETF	0.07%	8,974	$592K	Add +0.3%
IVW iShares S&P 500 Growth ETF	0.07%	4,733	$583K	Add +0.1%
KO The Coca-Cola Co.	0.07%	8,329	$582K	Add +10.7%
ISRG Intuitive Surgical Inc.	0.06%	973	$551K	Add +18.9%
AXP American Express Co.	0.06%	1,456	$539K	Add +6.7%
CRWV Coreweave Inc. Class A	0.06%	7,517	$538K	Add +150.6%
QQQM Invesco Nasdaq 100 ETF	0.06%	2,122	$537K	Add +3.0%
NSC Norfolk Southern Corp.	0.06%	1,825	$527K	Add +1.4%
UBER Uber Technologies Inc.	0.06%	6,363	$520K	Add +4.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.06%	9,385	$516K	Add +10.3%
IAU iShares Gold Trust	0.06%	6,352	$516K	Reduce -0.1%
KRP Kimbell Royalty Partners LP	0.06%	43,815	$515K	Add +243.4%
MRVL Marvell Technology Inc.	0.06%	6,012	$511K	Add +0.1%
XLK SS Technology Select Sector	0.06%	3,507	$505K	Add +24.3%
MO Altria Group Inc.	0.06%	8,700	$502K	Add +11.1%
LEAD Siren Divcon Leaders Dividen	0.06%	6,397	$488K	Reduce -1.5%
SPYD SS SPDR P S&P 500 Hi Div ETF	0.06%	11,194	$484K	No change
SLYV SS SPDR S&P 600 SC Val ETF	0.05%	5,112	$465K	Reduce -5.2%
INTC Intel Corp.	0.05%	12,377	$457K	Reduce -27.4%
AGG iShares Core U.S. Aggregate	0.05%	4,418	$441K	New
WES Western Midstream Partners L	0.05%	10,947	$432K	Add +2.3%
CRM Salesforce Inc.	0.05%	1,621	$429K	Add +6.2%
TXN Texas Instruments Inc.	0.05%	2,439	$423K	Add +20.7%
YUM Yum! Brands Inc.	0.05%	2,762	$418K	Add +1.0%
TDAY USA Today Co. Inc.	0.05%	80,000	$412K	No change
PANW Palo Alto Networks Inc.	0.05%	2,211	$407K	Reduce -1.3%
MIDU Dirxn DLY Mid Cap BL 3XE-Usi	0.05%	8,000	$406K	No change
SHY iShares 1-3 Year Treasury Bo	0.05%	4,873	$404K	Reduce -17.9%
NXPI NXP Semiconductors NV	0.05%	1,833	$398K	Add +3.7%
T AT&T Inc.	0.05%	16,003	$398K	Add +30.1%
BX Blackstone Inc.	0.05%	2,569	$396K	Reduce -19.1%
AZN Astrazeneca PLC-Spons ADR	0.05%	4,240	$390K	No change
SPSM SS SPDR P S&P 600 Small Cap	0.05%	8,306	$389K	Add +84.8%
VXF Vanguard Extended Market ETF	0.05%	1,858	$388K	Reduce -1.9%
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd	0.05%	3,771	$386K	Add +0.2%
UPS United Parcel Service Class B	0.04%	3,859	$383K	Add +8.7%
VNQ Vanguard Real Estate ETF	0.04%	4,271	$378K	Reduce -8.0%
NEE Nextera Energy Inc.	0.04%	4,579	$368K	Add +17.9%
BABA Alibaba Group Holding-SP ADR	0.04%	2,446	$359K	Reduce -1.2%
JOUT Johnson Outdoors Inc. Class A	0.04%	8,424	$358K	Add +0.8%
CAVA Cava Group Inc.	0.04%	6,085	$357K	No change
SLV iShares Silver Trust	0.04%	5,531	$356K	Reduce -1.2%
VGT Vanguard Info Tech ETF	0.04%	469	$353K	Add +12.7%
TMFC Motley Fool 100 Index ETF	0.04%	4,773	$343K	Reduce -3.9%
ORCL Oracle Corp.	0.04%	1,705	$332K	Reduce -1.5%
TPYP Tortoise North American Pipe	0.04%	9,415	$332K	Reduce -3.8%
VZ Verizon Communications Inc.	0.04%	8,131	$331K	Add +53.2%
WFC Wells Fargo & Co.	0.04%	3,488	$325K	Add +22.7%
GS Goldman Sachs Group Inc.	0.04%	368	$323K	No change
SMH Vaneck Semiconductor ETF	0.04%	894	$322K	Add +0.3%
CAT Caterpillar Inc.	0.04%	558	$320K	Add +12.1%
GDX Vaneck Gold Miners ETF	0.04%	3,723	$319K	Reduce -4.4%
TMO Thermo Fisher Scientific Inc.	0.04%	550	$319K	Add +10.4%
EMLP First Trust North American E	0.04%	8,300	$314K	Add +0.8%
AMD Advanced Micro Devices	0.04%	1,454	$311K	New
COP Conocophillips	0.04%	3,317	$310K	Add +4.0%
DELL Dell Technologies -C	0.04%	2,443	$307K	Add +30.2%
XLE SS Energy Select Sector	0.04%	6,803	$304K	Add +0.6%
PRU Prudential Financial Inc.	0.03%	2,648	$299K	New
EOG EOG Resources Inc.	0.03%	2,787	$293K	New
OKLO Oklo Inc.	0.03%	4,042	$290K	Reduce -6.7%
ETHE Grayscale Ethereum Staking E	0.03%	11,850	$289K	No change
IWF iShares Russell 1000 Growth	0.03%	603	$285K	Reduce -6.7%
COF Capital One Financial Corp.	0.03%	1,173	$284K	New
GIL Gildan Activewear Inc.	0.03%	4,310	$269K	New
PFE Pfizer Inc.	0.03%	10,788	$269K	New
ABT Abbott Laboratories	0.03%	2,141	$268K	Reduce -0.9%
EQT Eqt Corp.	0.03%	5,000	$268K	Add +1.8%
RSPG Invesco S&P 500 Equal Weight	0.03%	3,351	$267K	Add +0.1%
PPA Invesco Aerospace & Defense	0.03%	1,686	$264K	Reduce -0.2%
RTX RTX Corp.	0.03%	1,438	$264K	Add +13.7%
BA The Boeing Co.	0.03%	1,179	$256K	Add +16.3%
UNP Union Pacific Corp.	0.03%	1,106	$256K	Add +22.1%
UNH Unitedhealth Group Inc.	0.03%	772	$255K	Add +25.5%
EMXC iShares MSCI Emr MRK Ex Chna	0.03%	3,481	$253K	Add +1.5%
NEM Newmont Corp.	0.03%	2,528	$252K	Add +5.6%
ADP Automatic Data Processing	0.03%	916	$236K	Add +12.8%
MCD McDonald's Corp.	0.03%	758	$232K	New
PG The Procter & Gamble Co.	0.03%	1,608	$230K	Reduce -16.9%
AEM Agnico Eagle Mines Ltd.	0.03%	1,355	$230K	Reduce -6.2%
CRCL Circle Internet Group Inc.	0.03%	2,883	$229K	New
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.03%	1,980	$225K	New
XLF SS Financial Select Sector	0.03%	4,099	$225K	Reduce -4.5%
CME Cme Group Inc.	0.03%	821	$224K	New
LMT Lockheed Martin Corp.	0.03%	459	$222K	Add +6.3%
CHWY Chewy Inc. Class A	0.03%	6,712	$222K	No change
GRAL Grail Inc.	0.03%	2,570	$220K	New
STHO Star Holdings filed as STAR HLDGS	0.03%	26,629	$219K	No change
TRV The Travelers Cos Inc.	0.03%	748	$217K	New
ELV Elevance Health Inc.	0.03%	617	$216K	New
IHI iShares U.S. Medical Devices	0.03%	3,479	$216K	No change
IGV iShares Expanded Tech-Softwa	0.03%	2,028	$214K	No change
ADBE Adobe Inc.	0.03%	611	$214K	New
ESGD iShares Trust iShares ESG Aw	0.02%	2,226	$212K	Add +1.0%
PHYS Sprott Physical Gold Trust	0.02%	6,369	$210K	New
CRBN Ish Low Car Opt Ms Ac ETF-US	0.02%	907	$209K	Reduce -12.6%
KMB Kimberly-Clark Corp.	0.02%	2,056	$207K	New
D Dominion Energy Inc.	0.02%	3,532	$207K	New
MSOX Advisorshare Msos DLY LVR-US	0.02%	30,000	$134K	New
DIREXION DAILY SEMI BEAR 3X	0.01%	33,000	$103K	Reduce -52.9%
PRT Permrock Royalty Trust	0.01%	28,741	$80K	No change
ELDN Eledon Pharmaceuticals Inc.	0.01%	30,000	$45K	No change
ZJK ZJK Industrial Co. Ltd. Class A	0.00%	12,500	$25K	No change
CNDT Conduent Inc.	0.00%	10,000	$19K	No change

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