HOWARD FINANCIAL SERVICES, LTD.

Filed: 7/12/2023ACC: 0001768130-23-000003

📋 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 $419.13M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

143

Positions

$419.13M

Total AUM (reported)

7.17M

Total Shares

Allocation by class

COM$53.17M12.7%

MSCI USA QLT FCT$45.13M10.8%

US DIVIDEND EQ$43.96M10.5%

S&P500 EQL WGT$42.96M10.3%

DIV APP ETF$27.68M6.6%

MSCI INTL QUALTY$15.09M3.6%

TOTAL RTRN ETF$12.93M3.1%

Portfolio Concentration

Top 3$132.06M31.5%

4–10$105.67M25.2%

11–25$106.33M25.4%

Rest$75.07M17.9%

Top 3 weight

31.5%

Top 10 weight

56.7%

Voting Authority Distribution

Total shares with voting rights: 7.17M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

7.17M

% of voting shares100.0%

Investment Discretion (by position count)

Sole143

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings143

Rows:

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares334.64K

TypeSH

Market value$45.13M

10.77%

Sole

0.00

Shared

0.00

None

334.64K

SCHWAB STRATEGIC TR

SOLE

US DIVIDEND EQ

Shares605.41K

TypeSH

Market value$43.96M

10.49%

Sole

0.00

Shared

0.00

None

605.41K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 EQL WGT

Shares287.12K

TypeSH

Market value$42.96M

10.25%

Sole

0.00

Shared

0.00

None

287.12K

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares170.40K

TypeSH

Market value$27.68M

6.60%

Sole

0.00

Shared

0.00

None

170.40K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares424K

TypeSH

Market value$15.09M

3.60%

Sole

0.00

Shared

0.00

None

424K

APPLE INC

SOLE

COM

Shares74.89K

TypeSH

Market value$14.53M

3.47%

Sole

0.00

Shared

0.00

None

74.89K

HARTFORD FDS EXCHANGE TRADED

SOLE

TOTAL RTRN ETF

Shares386.87K

TypeSH

Market value$12.93M

3.09%

Sole

0.00

Shared

0.00

None

386.87K

VANGUARD WHITEHALL FDS

SOLE

INTL DVD ETF

Shares162.63K

TypeSH

Market value$12.21M

2.91%

Sole

0.00

Shared

0.00

None

162.63K

FIRST TR EXCHNG TRADED FD VI

SOLE

TCW OPPORTUNIS

Shares263.83K

TypeSH

Market value$11.65M

2.78%

Sole

0.00

Shared

0.00

None

263.83K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares26.11K

TypeSH

Market value$11.57M

2.76%

Sole

0.00

Shared

0.00

None

26.11K

SSGA ACTIVE ETF TR

SOLE

SPDR TR TACTIC

Shares268.63K

TypeSH

Market value$10.89M

2.60%

Sole

0.00

Shared

0.00

None

268.63K

PGIM ETF TR

SOLE

TOTAL RETURN BON

Shares254.29K

TypeSH

Market value$10.51M

2.51%

Sole

0.00

Shared

0.00

None

254.29K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P 500 GARP ETF

Shares109.59K

TypeSH

Market value$9.95M

2.37%

Sole

0.00

Shared

0.00

None

109.59K

SCHWAB STRATEGIC TR

SOLE

SCHWB FDT INT LG

Shares301.76K

TypeSH

Market value$9.74M

2.32%

Sole

0.00

Shared

0.00

None

301.76K

PACER FDS TR

SOLE

PACER US SMALL

Shares229.08K

TypeSH

Market value$9.32M

2.22%

Sole

0.00

Shared

0.00

None

229.08K

WISDOMTREE TR

SOLE

EM EX ST-OWNED

Shares320.32K

TypeSH

Market value$8.95M

2.14%

Sole

0.00

Shared

0.00

None

320.32K

FIRST TR EXCHANGE-TRADED FD

SOLE

RISNG DIVD ACHIV

Shares163.53K

TypeSH

Market value$7.70M

1.84%

Sole

0.00

Shared

0.00

None

163.53K

J P MORGAN EXCHANGE TRADED F

SOLE

ULTRA SHRT INC

Shares129.10K

TypeSH

Market value$6.47M

1.54%

Sole

0.00

Shared

0.00

None

129.10K

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares16.02K

TypeSH

Market value$5.92M

1.41%

Sole

0.00

Shared

0.00

None

16.02K

INVESCO ACTIVELY MANAGED ETF

SOLE

TOTAL RETURN

Shares117.50K

TypeSH

Market value$5.46M

1.30%

Sole

0.00

Shared

0.00

None

117.50K

MICROSOFT CORP

SOLE

COM

Shares14.52K

TypeSH

Market value$4.94M

1.18%

Sole

0.00

Shared

0.00

None

14.52K

LATTICE STRATEGIES TR

SOLE

HARTFORD MLT ETF

Shares182.83K

TypeSH

Market value$4.81M

1.15%

Sole

0.00

Shared

0.00

None

182.83K

WISDOMTREE TR

SOLE

US QTLY DIV GRT

Shares67.63K

TypeSH

Market value$4.51M

1.08%

Sole

0.00

Shared

0.00

None

67.63K

CHIPOTLE MEXICAN GRILL INC

SOLE

COM

Shares1.85K

TypeSH

Market value$3.96M

0.95%

Sole

0.00

Shared

0.00

None

1.85K

PEPSICO INC

SOLE

COM

Shares17.15K

TypeSH

Market value$3.18M

0.76%

Sole

0.00

Shared

0.00

None

17.15K

Issuer	Class	Shares	Type	Value / Portfolio %	None
ISHARES TRSOLE	MSCI USA QLT FCT	334.64K	SH	$45.13M 10.77%	334.64K
SCHWAB STRATEGIC TRSOLE	US DIVIDEND EQ	605.41K	SH	$43.96M 10.49%	605.41K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 EQL WGT	287.12K	SH	$42.96M 10.25%	287.12K
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	170.40K	SH	$27.68M 6.60%	170.40K
ISHARES TRSOLE	MSCI INTL QUALTY	424K	SH	$15.09M 3.60%	424K
APPLE INCSOLE	COM	74.89K	SH	$14.53M 3.47%	74.89K
HARTFORD FDS EXCHANGE TRADEDSOLE	TOTAL RTRN ETF	386.87K	SH	$12.93M 3.09%	386.87K
VANGUARD WHITEHALL FDSSOLE	INTL DVD ETF	162.63K	SH	$12.21M 2.91%	162.63K
FIRST TR EXCHNG TRADED FD VISOLE	TCW OPPORTUNIS	263.83K	SH	$11.65M 2.78%	263.83K
SPDR S&P 500 ETF TRSOLE	TR UNIT	26.11K	SH	$11.57M 2.76%	26.11K
SSGA ACTIVE ETF TRSOLE	SPDR TR TACTIC	268.63K	SH	$10.89M 2.60%	268.63K
PGIM ETF TRSOLE	TOTAL RETURN BON	254.29K	SH	$10.51M 2.51%	254.29K
INVESCO EXCHANGE TRADED FD TSOLE	S&P 500 GARP ETF	109.59K	SH	$9.95M 2.37%	109.59K
SCHWAB STRATEGIC TRSOLE	SCHWB FDT INT LG	301.76K	SH	$9.74M 2.32%	301.76K
PACER FDS TRSOLE	PACER US SMALL	229.08K	SH	$9.32M 2.22%	229.08K
WISDOMTREE TRSOLE	EM EX ST-OWNED	320.32K	SH	$8.95M 2.14%	320.32K
FIRST TR EXCHANGE-TRADED FDSOLE	RISNG DIVD ACHIV	163.53K	SH	$7.70M 1.84%	163.53K
J P MORGAN EXCHANGE TRADED FSOLE	ULTRA SHRT INC	129.10K	SH	$6.47M 1.54%	129.10K
INVESCO QQQ TRSOLE	UNIT SER 1	16.02K	SH	$5.92M 1.41%	16.02K
INVESCO ACTIVELY MANAGED ETFSOLE	TOTAL RETURN	117.50K	SH	$5.46M 1.30%	117.50K
MICROSOFT CORPSOLE	COM	14.52K	SH	$4.94M 1.18%	14.52K
LATTICE STRATEGIES TRSOLE	HARTFORD MLT ETF	182.83K	SH	$4.81M 1.15%	182.83K
WISDOMTREE TRSOLE	US QTLY DIV GRT	67.63K	SH	$4.51M 1.08%	67.63K
CHIPOTLE MEXICAN GRILL INCSOLE	COM	1.85K	SH	$3.96M 0.95%	1.85K
PEPSICO INCSOLE	COM	17.15K	SH	$3.18M 0.76%	17.15K

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