Howard Financial Services, LTD.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 7, 2026), Howard Financial Services, LTD. reported 222 stock positions worth $887.9 million. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 10.9% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 6.7%) and Vanguard Dividend Apprec ETF (VIG, 4.9%). Compared with Q4 2025, it opened 29 new positions, sold out of 12, added to 127 and reduced 38. The biggest buy was Vanguard Core-Plus Bond ETF (VPLS, shares +132%) and the biggest sale iShares MSCI USA Quality Fac (QUAL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001768130
- Portfolio Value
- $887.9M (Q1 2026)
- SEC Filing
- 0001768130-26-000002 ↗ filed Apr 7, 2026
Holdings Value
Holdings 222 stocks · $887.9M
| QUAL iShares MSCI USA Quality Fac | 10.86% | 502,864 | $96.5M | Reduce -1.0% |
| SCHD Schwab US DVD Equity ETF | 6.72% | 1,945,292 | $59.7M | Reduce -0.5% |
| VIG Vanguard Dividend Apprec ETF | 4.86% | 200,635 | $43.1M | Add +2.5% |
| RSP Invesco S&P 500 Equal Weight | 4.16% | 192,311 | $36.9M | Add +0.3% |
| SPGP Invesco S&P 500 Garp ETF | 4.13% | 340,836 | $36.7M | Add +1.6% |
| GTO Invesco Total Return Bond Et | 4.05% | 768,519 | $36.0M | Add +3.7% |
| AAPL Apple Inc. | 3.93% | 137,531 | $34.9M | Add +5.5% |
| HTRB Hartford TTL RTRN BND ETF | 3.75% | 988,036 | $33.3M | Add +6.6% |
| DGRW Wisdomtree U.S. Quality Divi | 3.71% | 375,339 | $33.0M | Add +7.5% |
| PTRB Pgim Total Return Bond ETF | 3.65% | 779,785 | $32.4M | Add +6.4% |
| IQLT iShares MSCI International Q | 2.48% | 476,503 | $22.0M | Add +6.5% |
| TOTL SS Doubleline TR Tact ETF | 2.40% | 536,169 | $21.3M | Add +1.9% |
| SCHG Schwab US Large-Cap Growth | 2.34% | 712,988 | $20.8M | Add +9.9% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 2.29% | 414,982 | $20.3M | Add +6.0% |
| RDVY First Trust Rising Dividend | 2.22% | 288,104 | $19.7M | Add +18.4% |
| ANGL Vaneck Fallen Angel High YLD | 2.16% | 669,176 | $19.2M | Add +8.7% |
| SJNK SS SPDR BB St Hi Yield ETF | 2.09% | 744,257 | $18.6M | Reduce -11.4% |
| VIGI Vanguard Int Div App Indx FD | 1.86% | 186,482 | $16.5M | Add +6.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.74% | 23,719 | $15.4M | Reduce -3.4% |
| NVDA Nvidia Corp. | 1.64% | 83,351 | $14.5M | Add +6.5% |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | 1.52% | 336,833 | $13.5M | Add +9.9% |
| JPST JPMorgan Ultra-Short Income | 1.26% | 220,612 | $11.2M | Add +26.3% |
| MOAT Vaneck Morningstar Wide Moat | 1.17% | 107,093 | $10.4M | Add +26.6% |
| QQQ Invesco QQQ Trust Series 1 | 1.14% | 17,471 | $10.1M | Add +0.3% |
| MSFT Microsoft Corp. | 1.07% | 25,725 | $9.5M | Add +12.3% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.91% | 180,235 | $8.1M | Reduce -14.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.82% | 15,267 | $7.3M | Add +4.0% |
| AMZN Amazon.com Inc. | 0.77% | 32,796 | $6.8M | Add +11.3% |
| VPLS Vanguard Core-Plus Bond ETF | 0.76% | 86,428 | $6.7M | Add +132.3% |
| FPE FT-Preferred Secur & Inc. ETF | 0.71% | 353,732 | $6.3M | Reduce -1.9% |
| SBR Sabine Royalty Trust | 0.58% | 68,082 | $5.1M | Add +0.1% |
| EPD Enterprise Products Partners | 0.57% | 133,768 | $5.1M | Add +12.1% |
| AVGO Broadcom Inc. | 0.56% | 16,161 | $5.0M | Add +5.8% |
| IVV iShares Core S&P 500 ETF | 0.51% | 6,867 | $4.5M | Add +4.3% |
| GOOGL Alphabet Inc. Class A | 0.48% | 14,800 | $4.3M | Add +36.5% |
| ET Energy Transfer LP | 0.43% | 197,157 | $3.8M | Add +4.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.40% | 11,051 | $3.5M | Reduce -7.5% |
| RODM Hartford Multifact Dev MRKT | 0.39% | 88,204 | $3.5M | Reduce -5.9% |
| XOM Exxon Mobil Corp. | 0.38% | 20,135 | $3.4M | Reduce -0.8% |
| CMG Chipotle Mexican Grill Inc. | 0.34% | 93,915 | $3.0M | Add +0.6% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.30% | 81,752 | $2.7M | Reduce -0.2% |
| MPLX MPLX LP | 0.29% | 45,575 | $2.6M | Add +1.9% |
| FIXD First Trust Smith Opportunis | 0.29% | 59,413 | $2.6M | Reduce -4.3% |
| SCHF Schwab Intl Equity ETF | 0.28% | 101,050 | $2.5M | Reduce -0.7% |
| PEP Pepsico Inc. | 0.27% | 15,576 | $2.4M | Reduce -0.5% |
| UAMY United States Antimony Corp. | 0.24% | 248,031 | $2.2M | New |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.24% | 40,419 | $2.1M | Add +10.7% |
| JPM JPMorgan Chase & Co. | 0.24% | 7,159 | $2.1M | Add +14.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.24% | 6,221 | $2.1M | Add +19.8% |
| PLTR Palantir Technologies Inc. Class A | 0.23% | 13,805 | $2.0M | Add +1.0% |
| TPL Texas Pacific Land Corp. | 0.22% | 4,078 | $1.9M | Add +0.6% |
| TSLA Tesla Inc. | 0.21% | 4,924 | $1.8M | Reduce -20.6% |
| GOOG Alphabet Inc. Class C | 0.20% | 6,142 | $1.8M | Add +15.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.19% | 18,983 | $1.7M | Reduce -2.0% |
| WMT Walmart Inc. | 0.19% | 13,816 | $1.7M | Add +24.2% |
| BSV Vanguard Short-Term Bond ETF | 0.19% | 21,046 | $1.7M | Reduce -41.2% |
| SCHW Schwab (charles) Corp. | 0.19% | 17,487 | $1.6M | Add +0.3% |
| JNJ Johnson & Johnson | 0.17% | 6,185 | $1.5M | Add +37.0% |
| SSB Southstate Bank Corp. | 0.17% | 16,149 | $1.5M | No change |
| VNOM Viper Energy Inc. Class A | 0.17% | 31,738 | $1.5M | Add +0.2% |
| META Meta Platforms Inc. Class A | 0.17% | 2,597 | $1.5M | Add +48.6% |
| DMLP Dorchester Minerals LP | 0.16% | 51,643 | $1.4M | Add +1.3% |
| BSM Black Stone Minerals LP | 0.16% | 92,233 | $1.4M | Add +0.2% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.14% | 39,672 | $1.3M | Add +7.5% |
| MA Mastercard Inc. Class A | 0.14% | 2,567 | $1.3M | Reduce -2.7% |
| OKE Oneok Inc. | 0.14% | 14,104 | $1.3M | Add +12.3% |
| GEV GE Vernova Inc. | 0.13% | 1,372 | $1.2M | Reduce -12.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 4,794 | $1.2M | Add +4.4% |
| HBAN Huntington Bancshares Inc. | 0.13% | 73,039 | $1.1M | New |
| COST Costco Wholesale Corp. | 0.13% | 1,126 | $1.1M | Add +21.1% |
| NBHC National Bank Hold Class A | 0.12% | 28,191 | $1.1M | New |
| NFLX Netflix Inc. | 0.12% | 11,480 | $1.1M | Add +8.5% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.12% | 21,817 | $1.1M | Add +17.6% |
| LLY Eli Lilly & Co. | 0.12% | 1,184 | $1.1M | Add +29.4% |
| CVX Chevron Corp. | 0.12% | 5,165 | $1.1M | Add +17.9% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.12% | 22,437 | $1.0M | Add +0.0% |
| MRK Merck & Co. Inc. | 0.11% | 8,473 | $1.0M | Add +8.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.11% | 10,863 | $995K | Reduce -74.2% |
| GE General Electric filed as GE AEROSPACE | 0.11% | 3,473 | $986K | Reduce -19.7% |
| GLD SPDR Gold Shares | 0.11% | 2,287 | $984K | No change |
| KO The Coca-Cola Co. | 0.10% | 12,054 | $917K | Add +44.7% |
| ABBV Abbvie Inc. | 0.10% | 4,177 | $909K | Add +28.7% |
| NLY Annaly Capital Management Inc. | 0.10% | 42,899 | $907K | Add +2.3% |
| PM Philip Morris International | 0.10% | 5,456 | $902K | Add +9.2% |
| GHC Graham Holdings Co. Class B | 0.10% | 842 | $890K | Add +0.1% |
| CSCO Cisco Systems Inc. | 0.10% | 11,411 | $885K | Add +7.0% |
| LUV Southwest Airlines Co. | 0.10% | 22,907 | $861K | Add +0.8% |
| IJH iShares Core S&P Midcap ETF | 0.10% | 12,697 | $857K | Add +41.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.10% | 2,176 | $850K | Add +15.5% |
| TQQQ Proshares Ultrapro QQQ | 0.10% | 20,250 | $844K | No change |
| V Visa Inc. Class A | 0.09% | 2,767 | $836K | Add +49.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.09% | 2,861 | $822K | New |
| IEMG iShares Core MSCI Emerging | 0.09% | 11,705 | $816K | No change |
| NUV Nuveen Municipal Value | 0.09% | 90,060 | $810K | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.09% | 3,067 | $803K | New |
| NOC Northrop Grumman Corp. | 0.09% | 1,170 | $798K | Add +2.4% |
| VEU Vanguard Ftse All-World Ex-U | 0.09% | 10,452 | $785K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.09% | 16,050 | $782K | Add +71.0% |
| VCIT Vanguard Int-Term Corporate | 0.09% | 9,447 | $782K | New |
| MU Micron Technology Inc. | 0.09% | 2,253 | $761K | Add +6.3% |
Options reported separately and not counted above: IWM puts ($103K).
Portfolio Sells Q4 2025 → Q1 2026
| QUAL iShares MSCI USA Quality Fac | Reduce -1.0% | 10.86% | −0.93 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -11.4% | 2.09% | −0.39 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -74.2% | 0.11% | −0.34 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.4% | 1.74% | −0.22 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -14.3% | 0.91% | −0.18 |
| BSV Vanguard Short-Term Bond ETF | Reduce -41.2% | 0.19% | −0.14 |
| CADE Cadence Bank | Sold out | 0.00% | −0.13 |
| TSLA Tesla Inc. | Reduce -20.6% | 0.21% | −0.12 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -7.5% | 0.40% | −0.07 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -1.9% | 0.71% | −0.06 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.05 |
| GE General Electric | Reduce -19.7% | 0.11% | −0.04 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -2.7% | 0.14% | −0.03 |
| FIXD First Trust Smith Opportunis | Reduce -4.3% | 0.29% | −0.03 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.03 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.03 |
| CHWY Chewy Inc. Class A | Sold out | 0.00% | −0.03 |
| GRAL Grail Inc. | Sold out | 0.00% | −0.03 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.03 |
| IHI iShares U.S. Medical Devices | Sold out | 0.00% | −0.03 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.03 |
| CRBN Ish Low Car Opt Ms Ac ETF-US | Sold out | 0.00% | −0.02 |
| AGG iShares Core U.S. Aggregate | Reduce -40.1% | 0.03% | −0.02 |
| BX Blackstone Inc. | Reduce -22.6% | 0.03% | −0.02 |
| IAU iShares Gold Trust | Reduce -27.7% | 0.05% | −0.01 |
| VXF Vanguard Extended Market ETF | Reduce -28.6% | 0.03% | −0.01 |
| RODM Hartford Multifact Dev MRKT | Reduce -5.9% | 0.39% | −0.01 |
| DIREXION DAILY SEMI BEAR 3X | Sold out | 0.00% | −0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -0.2% | 0.30% | −0.01 |
| SLV iShares Silver Trust | Reduce -23.8% | 0.03% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -2.0% | 0.19% | −0.01 |
| PRU Prudential Financial Inc. | Reduce -10.8% | 0.03% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -4.1% | 0.06% | −0.01 |
| VGT Vanguard Info Tech ETF | Reduce -8.3% | 0.03% | −0.01 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -12.3% | 0.05% | −0.01 |
| INTC Intel Corp. | Reduce -22.3% | 0.05% | −0.01 |
| TMFC Motley Fool 100 Index ETF | Reduce -0.5% | 0.04% | −0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -0.7% | 0.28% | −0.00 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Reduce -0.1% | 0.04% | −0.00 |
| EOG EOG Resources Inc. | Reduce -26.6% | 0.03% | −0.00 |
| CRWV Coreweave Inc. Class A | Reduce -0.2% | 0.07% | +0.00 |
| T AT&T Inc. | Reduce -5.2% | 0.05% | +0.00 |
| TXN Texas Instruments Inc. | Reduce -0.2% | 0.05% | +0.00 |
| VZ Verizon Communications Inc. | Reduce -2.5% | 0.04% | +0.01 |
| DELL Dell Technologies -C | Reduce -5.2% | 0.04% | +0.01 |
| PEP Pepsico Inc. | Reduce -0.5% | 0.27% | +0.01 |
| GEV GE Vernova Inc. | Reduce -12.6% | 0.13% | +0.01 |
| XOM Exxon Mobil Corp. | Reduce -0.8% | 0.38% | +0.10 |
| SCHD Schwab US DVD Equity ETF | Reduce -0.5% | 6.72% | +0.45 |
Portfolio Buys Q4 2025 → Q1 2026
| VPLS Vanguard Core-Plus Bond ETF | Add +132.3% | 0.76% | +0.42 |
| UAMY United States Antimony Corp. | New | 0.24% | +0.24 |
| RDVY First Trust Rising Dividend | Add +18.4% | 2.22% | +0.24 |
| JPST JPMorgan Ultra-Short Income | Add +26.3% | 1.26% | +0.22 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +6.0% | 2.29% | +0.22 |
| MOAT Vaneck Morningstar Wide Moat | Add +26.6% | 1.17% | +0.14 |
| HBAN Huntington Bancshares Inc. | New | 0.13% | +0.13 |
| NBHC National Bank Hold Class A | New | 0.12% | +0.12 |
| EPD Enterprise Products Partners | Add +12.1% | 0.57% | +0.12 |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | Add +9.9% | 1.52% | +0.12 |
| IQLT iShares MSCI International Q | Add +6.5% | 2.48% | +0.10 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.09% | +0.09 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.09% | +0.09 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.09% | +0.09 |
| VCIT Vanguard Int-Term Corporate | New | 0.09% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +36.5% | 0.48% | +0.08 |
| TPL Texas Pacific Land Corp. | Add +0.6% | 0.22% | +0.08 |
| EEM iShares MSCI Emerging Market | New | 0.07% | +0.07 |
| VEA Vanguard Ftse Developed ETF | New | 0.07% | +0.07 |
| ET Energy Transfer LP | Add +4.8% | 0.43% | +0.07 |
| DGRW Wisdomtree U.S. Quality Divi | Add +7.5% | 3.71% | +0.06 |
| JNJ Johnson & Johnson | Add +37.0% | 0.17% | +0.06 |
| HTRB Hartford TTL RTRN BND ETF | Add +6.6% | 3.75% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Add +19.8% | 0.24% | +0.05 |
| ANGL Vaneck Fallen Angel High YLD | Add +8.7% | 2.16% | +0.05 |
| WMT Walmart Inc. | Add +24.2% | 0.19% | +0.05 |
| LIN Linde PLC | New | 0.05% | +0.05 |
| SMH Vaneck Semiconductor ETF | Add +107.7% | 0.08% | +0.04 |
| CVX Chevron Corp. | Add +17.9% | 0.12% | +0.04 |
| COP Conocophillips | Add +58.9% | 0.08% | +0.04 |
| PTRB Pgim Total Return Bond ETF | Add +6.4% | 3.65% | +0.04 |
| OSTX Os Therapies Inc. | New | 0.04% | +0.04 |
| RTX RTX Corp. | Add +117.7% | 0.07% | +0.04 |
| OKE Oneok Inc. | Add +12.3% | 0.14% | +0.04 |
| TJX TJX Companies Inc. | New | 0.04% | +0.04 |
| KO The Coca-Cola Co. | Add +44.7% | 0.10% | +0.04 |
| ICE Intercontinental Exchange Inc. | New | 0.03% | +0.03 |
| COST Costco Wholesale Corp. | Add +21.1% | 0.13% | +0.03 |
| META Meta Platforms Inc. Class A | Add +48.6% | 0.17% | +0.03 |
| AMAT Applied Materials Inc. | New | 0.03% | +0.03 |
| EMR Emerson Electric Co. | New | 0.03% | +0.03 |
| LRCX Lam Research Corp. | New | 0.03% | +0.03 |
| NEE Nextera Energy Inc. | Add +53.1% | 0.07% | +0.03 |
| PLD Prologis Inc. | New | 0.03% | +0.03 |
| SBR Sabine Royalty Trust | Add +0.1% | 0.58% | +0.03 |
| SCCO Southern Copper Corp. | New | 0.03% | +0.03 |
| IWD iShares Russell 1000 Value E | New | 0.03% | +0.03 |
| C Citigroup Inc. | New | 0.03% | +0.03 |
| BAC Bank of America Corp. | Add +71.0% | 0.09% | +0.03 |
| BLK BlackRock Inc. | New | 0.03% | +0.03 |
Options Activity Q4 2025 → Q1 2026
| IWM iShares Russell 2000 ETF | put | New | 68,500 | $103K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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 |