HOWARD FINANCIAL SERVICES, LTD.

Filed: 4/5/2023ACC: 0001768130-23-000002

📋 What this filing means

HOWARD FINANCIAL SERVICES, LTD. filed this quarterly 13F‑HR report disclosing 143 equity positions with a total reported market value of $410.45M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

143

Positions

$410.45M

Total AUM (reported)

7.23M

Total Shares

Allocation by class

COM$46.90M11.4%

US DIVIDEND EQ$45.58M11.1%

S&P500 EQL WGT$43.82M10.7%

MSCI USA QLT FCT$43.02M10.5%

DIV APP ETF$27.24M6.6%

MSCI INTL QUALTY$14.74M3.6%

TOTAL RTRN ETF$12.53M3.1%

Portfolio Concentration

Top 3$132.42M32.3%

4–10$101.47M24.7%

11–25$104.56M25.5%

Rest$72.01M17.5%

Top 3 weight

32.3%

Top 10 weight

57.0%

Voting Authority Distribution

Total shares with voting rights: 7.23M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

7.23M

% of voting shares100.0%

Investment Discretion (by position count)

Sole143

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings143

Rows:

SCHWAB STRATEGIC TR

SOLE

US DIVIDEND EQ

Shares622.96K

TypeSH

Market value$45.58M

11.10%

Sole

0.00

Shared

0.00

None

622.96K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 EQL WGT

Shares303.02K

TypeSH

Market value$43.82M

10.68%

Sole

0.00

Shared

0.00

None

303.02K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares346.77K

TypeSH

Market value$43.02M

10.48%

Sole

0.00

Shared

0.00

None

346.77K

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares176.85K

TypeSH

Market value$27.24M

6.64%

Sole

0.00

Shared

0.00

None

176.85K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares417.66K

TypeSH

Market value$14.74M

3.59%

Sole

0.00

Shared

0.00

None

417.66K

HARTFORD FDS EXCHANGE TRADED

SOLE

TOTAL RTRN ETF

Shares368.55K

TypeSH

Market value$12.53M

3.05%

Sole

0.00

Shared

0.00

None

368.55K

APPLE INC

SOLE

COM

Shares75.09K

TypeSH

Market value$12.38M

3.02%

Sole

0.00

Shared

0.00

None

75.09K

VANGUARD WHITEHALL FDS

SOLE

INTL DVD ETF

Shares164.63K

TypeSH

Market value$12.13M

2.96%

Sole

0.00

Shared

0.00

None

164.63K

FIRST TR EXCHNG TRADED FD VI

SOLE

TCW OPPORTUNIS

Shares259.48K

TypeSH

Market value$11.69M

2.85%

Sole

0.00

Shared

0.00

None

259.48K

SSGA ACTIVE ETF TR

SOLE

SPDR TR TACTIC

Shares262.01K

TypeSH

Market value$10.75M

2.62%

Sole

0.00

Shared

0.00

None

262.01K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares25.16K

TypeSH

Market value$10.30M

2.51%

Sole

0.00

Shared

0.00

None

25.16K

PGIM ETF TR

SOLE

TOTAL RETURN BON

Shares239.93K

TypeSH

Market value$10.07M

2.45%

Sole

0.00

Shared

0.00

None

239.93K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P 500 GARP ETF

Shares109.63K

TypeSH

Market value$9.35M

2.28%

Sole

0.00

Shared

0.00

None

109.63K

SCHWAB STRATEGIC TR

SOLE

SCHWB FDT INT LG

Shares298.39K

TypeSH

Market value$9.33M

2.27%

Sole

0.00

Shared

0.00

None

298.39K

PACER FDS TR

SOLE

PACER US SMALL

Shares243.53K

TypeSH

Market value$9.27M

2.26%

Sole

0.00

Shared

0.00

None

243.53K

WISDOMTREE TR

SOLE

EM EX ST-OWNED

Shares322.31K

TypeSH

Market value$8.97M

2.19%

Sole

0.00

Shared

0.00

None

322.31K

FIRST TR EXCHANGE-TRADED FD

SOLE

RISNG DIVD ACHIV

Shares161.87K

TypeSH

Market value$7.26M

1.77%

Sole

0.00

Shared

0.00

None

161.87K

INVESCO ACTIVELY MANAGED ETF

SOLE

TOTAL RETURN

Shares139.22K

TypeSH

Market value$6.57M

1.60%

Sole

0.00

Shared

0.00

None

139.22K

J P MORGAN EXCHANGE TRADED F

SOLE

ULTRA SHRT INC

Shares128.78K

TypeSH

Market value$6.48M

1.58%

Sole

0.00

Shared

0.00

None

128.78K

LATTICE STRATEGIES TR

SOLE

HARTFORD MLT ETF

Shares230.89K

TypeSH

Market value$6.08M

1.48%

Sole

0.00

Shared

0.00

None

230.89K

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares15.74K

TypeSH

Market value$5.05M

1.23%

Sole

0.00

Shared

0.00

None

15.74K

SPDR SER TR

SOLE

BLOOMBERG SHT TE

Shares173K

TypeSH

Market value$4.30M

1.05%

Sole

0.00

Shared

0.00

None

173K

WISDOMTREE TR

SOLE

US QTLY DIV GRT

Shares67.37K

TypeSH

Market value$4.20M

1.02%

Sole

0.00

Shared

0.00

None

67.37K

MICROSOFT CORP

SOLE

COM

Shares14.33K

TypeSH

Market value$4.13M

1.01%

Sole

0.00

Shared

0.00

None

14.33K

CHIPOTLE MEXICAN GRILL INC

SOLE

COM

Shares1.86K

TypeSH

Market value$3.18M

0.78%

Sole

0.00

Shared

0.00

None

1.86K

Issuer	Class	Shares	Type	Value / Portfolio %	None
SCHWAB STRATEGIC TRSOLE	US DIVIDEND EQ	622.96K	SH	$45.58M 11.10%	622.96K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 EQL WGT	303.02K	SH	$43.82M 10.68%	303.02K
ISHARES TRSOLE	MSCI USA QLT FCT	346.77K	SH	$43.02M 10.48%	346.77K
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	176.85K	SH	$27.24M 6.64%	176.85K
ISHARES TRSOLE	MSCI INTL QUALTY	417.66K	SH	$14.74M 3.59%	417.66K
HARTFORD FDS EXCHANGE TRADEDSOLE	TOTAL RTRN ETF	368.55K	SH	$12.53M 3.05%	368.55K
APPLE INCSOLE	COM	75.09K	SH	$12.38M 3.02%	75.09K
VANGUARD WHITEHALL FDSSOLE	INTL DVD ETF	164.63K	SH	$12.13M 2.96%	164.63K
FIRST TR EXCHNG TRADED FD VISOLE	TCW OPPORTUNIS	259.48K	SH	$11.69M 2.85%	259.48K
SSGA ACTIVE ETF TRSOLE	SPDR TR TACTIC	262.01K	SH	$10.75M 2.62%	262.01K
SPDR S&P 500 ETF TRSOLE	TR UNIT	25.16K	SH	$10.30M 2.51%	25.16K
PGIM ETF TRSOLE	TOTAL RETURN BON	239.93K	SH	$10.07M 2.45%	239.93K
INVESCO EXCHANGE TRADED FD TSOLE	S&P 500 GARP ETF	109.63K	SH	$9.35M 2.28%	109.63K
SCHWAB STRATEGIC TRSOLE	SCHWB FDT INT LG	298.39K	SH	$9.33M 2.27%	298.39K
PACER FDS TRSOLE	PACER US SMALL	243.53K	SH	$9.27M 2.26%	243.53K
WISDOMTREE TRSOLE	EM EX ST-OWNED	322.31K	SH	$8.97M 2.19%	322.31K
FIRST TR EXCHANGE-TRADED FDSOLE	RISNG DIVD ACHIV	161.87K	SH	$7.26M 1.77%	161.87K
INVESCO ACTIVELY MANAGED ETFSOLE	TOTAL RETURN	139.22K	SH	$6.57M 1.60%	139.22K
J P MORGAN EXCHANGE TRADED FSOLE	ULTRA SHRT INC	128.78K	SH	$6.48M 1.58%	128.78K
LATTICE STRATEGIES TRSOLE	HARTFORD MLT ETF	230.89K	SH	$6.08M 1.48%	230.89K
INVESCO QQQ TRSOLE	UNIT SER 1	15.74K	SH	$5.05M 1.23%	15.74K
SPDR SER TRSOLE	BLOOMBERG SHT TE	173K	SH	$4.30M 1.05%	173K
WISDOMTREE TRSOLE	US QTLY DIV GRT	67.37K	SH	$4.20M 1.02%	67.37K
MICROSOFT CORPSOLE	COM	14.33K	SH	$4.13M 1.01%	14.33K
CHIPOTLE MEXICAN GRILL INCSOLE	COM	1.86K	SH	$3.18M 0.78%	1.86K

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