HOWARD FINANCIAL SERVICES, LTD.

Filed: 1/13/2023ACC: 0001768130-23-000001

📋 What this filing means

HOWARD FINANCIAL SERVICES, LTD. filed this quarterly 13F‑HR report disclosing 140 equity positions with a total reported market value of $380.72M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

140

Positions

$380.72M

Total AUM (reported)

6.75M

Total Shares

Allocation by class

US DIVIDEND EQ$47.46M12.5%

S&P500 EQL WGT$42.29M11.1%

MSCI USA QLT FCT$40.61M10.7%

COM$39.21M10.3%

DIV APP ETF$27.39M7.2%

MSCI INTL QUALTY$12.95M3.4%

INTL DVD ETF$10.75M2.8%

Portfolio Concentration

Top 3$130.36M34.2%

4–10$90.26M23.7%

11–25$89.64M23.5%

Rest$70.47M18.5%

Top 3 weight

34.2%

Top 10 weight

57.9%

Voting Authority Distribution

Total shares with voting rights: 6.75M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

6.75M

% of voting shares100.0%

Investment Discretion (by position count)

Sole140

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings140

Rows:

SCHWAB STRATEGIC TR

SOLE

US DIVIDEND EQ

Shares628.26K

TypeSH

Market value$47.46M

12.47%

Sole

0.00

Shared

0.00

None

628.26K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 EQL WGT

Shares299.37K

TypeSH

Market value$42.29M

11.11%

Sole

0.00

Shared

0.00

None

299.37K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares356.36K

TypeSH

Market value$40.61M

10.67%

Sole

0.00

Shared

0.00

None

356.36K

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares180.36K

TypeSH

Market value$27.39M

7.19%

Sole

0.00

Shared

0.00

None

180.36K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares399.95K

TypeSH

Market value$12.95M

3.40%

Sole

0.00

Shared

0.00

None

399.95K

VANGUARD WHITEHALL FDS

SOLE

INTL DVD ETF

Shares154.45K

TypeSH

Market value$10.75M

2.82%

Sole

0.00

Shared

0.00

None

154.45K

HARTFORD FDS EXCHANGE TRADED

SOLE

TOTAL RTRN ETF

Shares306.66K

TypeSH

Market value$10.13M

2.66%

Sole

0.00

Shared

0.00

None

306.66K

FIRST TR EXCHNG TRADED FD VI

SOLE

TCW OPPORTUNIS

Shares221.73K

TypeSH

Market value$9.74M

2.56%

Sole

0.00

Shared

0.00

None

221.73K

APPLE INC

SOLE

COM

Shares74.78K

TypeSH

Market value$9.72M

2.55%

Sole

0.00

Shared

0.00

None

74.78K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares25.04K

TypeSH

Market value$9.58M

2.52%

Sole

0.00

Shared

0.00

None

25.04K

SSGA ACTIVE ETF TR

SOLE

SPDR TR TACTIC

Shares224.90K

TypeSH

Market value$9.00M

2.37%

Sole

0.00

Shared

0.00

None

224.90K

PACER FDS TR

SOLE

PACER US SMALL

Shares230.68K

TypeSH

Market value$8.29M

2.18%

Sole

0.00

Shared

0.00

None

230.68K

PGIM ETF TR

SOLE

TOTAL RETURN BON

Shares190.86K

TypeSH

Market value$7.79M

2.05%

Sole

0.00

Shared

0.00

None

190.86K

WISDOMTREE TR

SOLE

EM EX ST-OWNED

Shares292.08K

TypeSH

Market value$7.79M

2.05%

Sole

0.00

Shared

0.00

None

292.08K

SCHWAB STRATEGIC TR

SOLE

SCHWB FDT INT LG

Shares261.17K

TypeSH

Market value$7.59M

1.99%

Sole

0.00

Shared

0.00

None

261.17K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P 500 GARP ETF

Shares86.50K

TypeSH

Market value$7.14M

1.88%

Sole

0.00

Shared

0.00

None

86.50K

LATTICE STRATEGIES TR

SOLE

HARTFORD MLT ETF

Shares266.99K

TypeSH

Market value$6.62M

1.74%

Sole

0.00

Shared

0.00

None

266.99K

J P MORGAN EXCHANGE TRADED F

SOLE

ULTRA SHRT INC

Shares127.05K

TypeSH

Market value$6.37M

1.67%

Sole

0.00

Shared

0.00

None

127.05K

FIRST TR EXCHANGE-TRADED FD

SOLE

RISNG DIVD ACHIV

Shares130.48K

TypeSH

Market value$5.73M

1.51%

Sole

0.00

Shared

0.00

None

130.48K

INVESCO ACTIVELY MANAGED ETF

SOLE

TOTAL RETURN

Shares114.81K

TypeSH

Market value$5.34M

1.40%

Sole

0.00

Shared

0.00

None

114.81K

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares30.71K

TypeSH

Market value$4.29M

1.13%

Sole

0.00

Shared

0.00

None

30.71K

WISDOMTREE TR

SOLE

US QTLY DIV GRT

Shares67.60K

TypeSH

Market value$4.08M

1.07%

Sole

0.00

Shared

0.00

None

67.60K

MICROSOFT CORP

SOLE

COM

Shares14.28K

TypeSH

Market value$3.42M

0.90%

Sole

0.00

Shared

0.00

None

14.28K

SPDR SER TR

SOLE

BLOOMBERG SHT TE

Shares128.36K

TypeSH

Market value$3.11M

0.82%

Sole

0.00

Shared

0.00

None

128.36K

PEPSICO INC

SOLE

COM

Shares16.95K

TypeSH

Market value$3.06M

0.80%

Sole

0.00

Shared

0.00

None

16.95K

Issuer	Class	Shares	Type	Value / Portfolio %	None
SCHWAB STRATEGIC TRSOLE	US DIVIDEND EQ	628.26K	SH	$47.46M 12.47%	628.26K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 EQL WGT	299.37K	SH	$42.29M 11.11%	299.37K
ISHARES TRSOLE	MSCI USA QLT FCT	356.36K	SH	$40.61M 10.67%	356.36K
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	180.36K	SH	$27.39M 7.19%	180.36K
ISHARES TRSOLE	MSCI INTL QUALTY	399.95K	SH	$12.95M 3.40%	399.95K
VANGUARD WHITEHALL FDSSOLE	INTL DVD ETF	154.45K	SH	$10.75M 2.82%	154.45K
HARTFORD FDS EXCHANGE TRADEDSOLE	TOTAL RTRN ETF	306.66K	SH	$10.13M 2.66%	306.66K
FIRST TR EXCHNG TRADED FD VISOLE	TCW OPPORTUNIS	221.73K	SH	$9.74M 2.56%	221.73K
APPLE INCSOLE	COM	74.78K	SH	$9.72M 2.55%	74.78K
SPDR S&P 500 ETF TRSOLE	TR UNIT	25.04K	SH	$9.58M 2.52%	25.04K
SSGA ACTIVE ETF TRSOLE	SPDR TR TACTIC	224.90K	SH	$9.00M 2.37%	224.90K
PACER FDS TRSOLE	PACER US SMALL	230.68K	SH	$8.29M 2.18%	230.68K
PGIM ETF TRSOLE	TOTAL RETURN BON	190.86K	SH	$7.79M 2.05%	190.86K
WISDOMTREE TRSOLE	EM EX ST-OWNED	292.08K	SH	$7.79M 2.05%	292.08K
SCHWAB STRATEGIC TRSOLE	SCHWB FDT INT LG	261.17K	SH	$7.59M 1.99%	261.17K
INVESCO EXCHANGE TRADED FD TSOLE	S&P 500 GARP ETF	86.50K	SH	$7.14M 1.88%	86.50K
LATTICE STRATEGIES TRSOLE	HARTFORD MLT ETF	266.99K	SH	$6.62M 1.74%	266.99K
J P MORGAN EXCHANGE TRADED FSOLE	ULTRA SHRT INC	127.05K	SH	$6.37M 1.67%	127.05K
FIRST TR EXCHANGE-TRADED FDSOLE	RISNG DIVD ACHIV	130.48K	SH	$5.73M 1.51%	130.48K
INVESCO ACTIVELY MANAGED ETFSOLE	TOTAL RETURN	114.81K	SH	$5.34M 1.40%	114.81K
INVESCO QQQ TRSOLE	UNIT SER 1	30.71K	SH	$4.29M 1.13%	30.71K
WISDOMTREE TRSOLE	US QTLY DIV GRT	67.60K	SH	$4.08M 1.07%	67.60K
MICROSOFT CORPSOLE	COM	14.28K	SH	$3.42M 0.90%	14.28K
SPDR SER TRSOLE	BLOOMBERG SHT TE	128.36K	SH	$3.11M 0.82%	128.36K
PEPSICO INCSOLE	COM	16.95K	SH	$3.06M 0.80%	16.95K

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