HOWARD FINANCIAL SERVICES, LTD.

Filed: 10/10/2023ACC: 0001768130-23-000004

📋 What this filing means

HOWARD FINANCIAL SERVICES, LTD. filed this quarterly 13F‑HR report disclosing 147 equity positions with a total reported market value of $436.16M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

147

Positions

$436.16M

Total AUM (reported)

7.77M

Total Shares

Allocation by class

COM$54.85M12.6%

MSCI USA QLT FCT$44.27M10.1%

US DIVIDEND EQ$43.72M10.0%

S&P500 EQL WGT$40.27M9.2%

DIV APP ETF$26.80M6.1%

TOTAL RTRN ETF$14.84M3.4%

MSCI INTL QUALTY$14.49M3.3%

Portfolio Concentration

Top 3$128.27M29.4%

4–10$110.27M25.3%

11–25$112.50M25.8%

Rest$85.12M19.5%

Top 3 weight

29.4%

Top 10 weight

54.7%

Voting Authority Distribution

Total shares with voting rights: 7.77M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

7.77M

% of voting shares100.0%

Investment Discretion (by position count)

Sole147

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings147

Rows:

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares335.89K

TypeSH

Market value$44.27M

10.15%

Sole

0.00

Shared

0.00

None

335.89K

SCHWAB STRATEGIC TR

SOLE

US DIVIDEND EQ

Shares617.92K

TypeSH

Market value$43.72M

10.02%

Sole

0.00

Shared

0.00

None

617.92K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 EQL WGT

Shares284.24K

TypeSH

Market value$40.27M

9.23%

Sole

0.00

Shared

0.00

None

284.24K

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares172.48K

TypeSH

Market value$26.80M

6.14%

Sole

0.00

Shared

0.00

None

172.48K

HARTFORD FDS EXCHANGE TRADED

SOLE

TOTAL RTRN ETF

Shares462.48K

TypeSH

Market value$14.84M

3.40%

Sole

0.00

Shared

0.00

None

462.48K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares431.21K

TypeSH

Market value$14.49M

3.32%

Sole

0.00

Shared

0.00

None

431.21K

FIRST TR EXCHNG TRADED FD VI

SOLE

TCW OPPORTUNIS

Shares339.92K

TypeSH

Market value$14.30M

3.28%

Sole

0.00

Shared

0.00

None

339.92K

APPLE INC

SOLE

COM

Shares82.05K

TypeSH

Market value$14.05M

3.22%

Sole

0.00

Shared

0.00

None

82.05K

SSGA ACTIVE ETF TR

SOLE

SPDR TR TACTIC

Shares339.22K

TypeSH

Market value$13.11M

3.01%

Sole

0.00

Shared

0.00

None

339.22K

PGIM ETF TR

SOLE

TOTAL RETURN BON

Shares319.14K

TypeSH

Market value$12.68M

2.91%

Sole

0.00

Shared

0.00

None

319.14K

VANGUARD WHITEHALL FDS

SOLE

INTL DVD ETF

Shares169.10K

TypeSH

Market value$12.06M

2.77%

Sole

0.00

Shared

0.00

None

169.10K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares25.44K

TypeSH

Market value$10.87M

2.49%

Sole

0.00

Shared

0.00

None

25.44K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P 500 GARP ETF

Shares118.55K

TypeSH

Market value$10.82M

2.48%

Sole

0.00

Shared

0.00

None

118.55K

PACER FDS TR

SOLE

PACER US SMALL

Shares248.18K

TypeSH

Market value$10.35M

2.37%

Sole

0.00

Shared

0.00

None

248.18K

SCHWAB STRATEGIC TR

SOLE

SCHWB FDT INT LG

Shares326.19K

TypeSH

Market value$10.33M

2.37%

Sole

0.00

Shared

0.00

None

326.19K

WISDOMTREE TR

SOLE

EM EX ST-OWNED

Shares334.77K

TypeSH

Market value$8.93M

2.05%

Sole

0.00

Shared

0.00

None

334.77K

INVESCO ACTIVELY MANAGED ETF

SOLE

TOTAL RETURN

Shares184.72K

TypeSH

Market value$8.24M

1.89%

Sole

0.00

Shared

0.00

None

184.72K

FIRST TR EXCHANGE-TRADED FD

SOLE

RISNG DIVD ACHIV

Shares167.55K

TypeSH

Market value$7.70M

1.77%

Sole

0.00

Shared

0.00

None

167.55K

J P MORGAN EXCHANGE TRADED F

SOLE

ULTRA SHRT INC

Shares119.48K

TypeSH

Market value$6.00M

1.37%

Sole

0.00

Shared

0.00

None

119.48K

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares16.50K

TypeSH

Market value$5.91M

1.36%

Sole

0.00

Shared

0.00

None

16.50K

MICROSOFT CORP

SOLE

COM

Shares15.88K

TypeSH

Market value$5.01M

1.15%

Sole

0.00

Shared

0.00

None

15.88K

WISDOMTREE TR

SOLE

US QTLY DIV GRT

Shares69.90K

TypeSH

Market value$4.44M

1.02%

Sole

0.00

Shared

0.00

None

69.90K

LATTICE STRATEGIES TR

SOLE

HARTFORD MLT ETF

Shares168.56K

TypeSH

Market value$4.32M

0.99%

Sole

0.00

Shared

0.00

None

168.56K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares10.82K

TypeSH

Market value$3.79M

0.87%

Sole

0.00

Shared

0.00

None

10.82K

VANECK ETF TRUST

SOLE

FALLEN ANGEL HG

Shares137.61K

TypeSH

Market value$3.72M

0.85%

Sole

0.00

Shared

0.00

None

137.61K

Issuer	Class	Shares	Type	Value / Portfolio %	None
ISHARES TRSOLE	MSCI USA QLT FCT	335.89K	SH	$44.27M 10.15%	335.89K
SCHWAB STRATEGIC TRSOLE	US DIVIDEND EQ	617.92K	SH	$43.72M 10.02%	617.92K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 EQL WGT	284.24K	SH	$40.27M 9.23%	284.24K
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	172.48K	SH	$26.80M 6.14%	172.48K
HARTFORD FDS EXCHANGE TRADEDSOLE	TOTAL RTRN ETF	462.48K	SH	$14.84M 3.40%	462.48K
ISHARES TRSOLE	MSCI INTL QUALTY	431.21K	SH	$14.49M 3.32%	431.21K
FIRST TR EXCHNG TRADED FD VISOLE	TCW OPPORTUNIS	339.92K	SH	$14.30M 3.28%	339.92K
APPLE INCSOLE	COM	82.05K	SH	$14.05M 3.22%	82.05K
SSGA ACTIVE ETF TRSOLE	SPDR TR TACTIC	339.22K	SH	$13.11M 3.01%	339.22K
PGIM ETF TRSOLE	TOTAL RETURN BON	319.14K	SH	$12.68M 2.91%	319.14K
VANGUARD WHITEHALL FDSSOLE	INTL DVD ETF	169.10K	SH	$12.06M 2.77%	169.10K
SPDR S&P 500 ETF TRSOLE	TR UNIT	25.44K	SH	$10.87M 2.49%	25.44K
INVESCO EXCHANGE TRADED FD TSOLE	S&P 500 GARP ETF	118.55K	SH	$10.82M 2.48%	118.55K
PACER FDS TRSOLE	PACER US SMALL	248.18K	SH	$10.35M 2.37%	248.18K
SCHWAB STRATEGIC TRSOLE	SCHWB FDT INT LG	326.19K	SH	$10.33M 2.37%	326.19K
WISDOMTREE TRSOLE	EM EX ST-OWNED	334.77K	SH	$8.93M 2.05%	334.77K
INVESCO ACTIVELY MANAGED ETFSOLE	TOTAL RETURN	184.72K	SH	$8.24M 1.89%	184.72K
FIRST TR EXCHANGE-TRADED FDSOLE	RISNG DIVD ACHIV	167.55K	SH	$7.70M 1.77%	167.55K
J P MORGAN EXCHANGE TRADED FSOLE	ULTRA SHRT INC	119.48K	SH	$6.00M 1.37%	119.48K
INVESCO QQQ TRSOLE	UNIT SER 1	16.50K	SH	$5.91M 1.36%	16.50K
MICROSOFT CORPSOLE	COM	15.88K	SH	$5.01M 1.15%	15.88K
WISDOMTREE TRSOLE	US QTLY DIV GRT	69.90K	SH	$4.44M 1.02%	69.90K
LATTICE STRATEGIES TRSOLE	HARTFORD MLT ETF	168.56K	SH	$4.32M 0.99%	168.56K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	10.82K	SH	$3.79M 0.87%	10.82K
VANECK ETF TRUSTSOLE	FALLEN ANGEL HG	137.61K	SH	$3.72M 0.85%	137.61K

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