HOWARD FINANCIAL SERVICES, LTD.

Filed: 4/16/2024ACC: 0001768130-24-000001

📋 What this filing means

HOWARD FINANCIAL SERVICES, LTD. filed this quarterly 13F‑HR report disclosing 159 equity positions with a total reported market value of $580.54M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

159

Positions

$580.54M

Total AUM (reported)

9.27M

Total Shares

Allocation by class

COM$84.56M14.6%

MSCI USA QLT FCT$60.65M10.4%

US DIVIDEND EQ$48.56M8.4%

S&P500 EQL WGT$38.31M6.6%

DIV APP ETF$31.44M5.4%

S&P 500 GARP ETF$21.80M3.8%

TOTAL RTRN ETF$21.33M3.7%

Portfolio Concentration

Top 3$147.52M25.4%

4–10$156.28M26.9%

11–25$162.29M28.0%

Rest$114.44M19.7%

Top 3 weight

25.4%

Top 10 weight

52.3%

Voting Authority Distribution

Total shares with voting rights: 9.27M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

9.27M

% of voting shares100.0%

Investment Discretion (by position count)

Sole159

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings159

Rows:

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares369.04K

TypeSH

Market value$60.65M

10.45%

Sole

0.00

Shared

0.00

None

369.04K

SCHWAB STRATEGIC TR

SOLE

US DIVIDEND EQ

Shares602.25K

TypeSH

Market value$48.56M

8.36%

Sole

0.00

Shared

0.00

None

602.25K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 EQL WGT

Shares226.17K

TypeSH

Market value$38.31M

6.60%

Sole

0.00

Shared

0.00

None

226.17K

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares172.15K

TypeSH

Market value$31.44M

5.42%

Sole

0.00

Shared

0.00

None

172.15K

APPLE INC

SOLE

COM

Shares141.72K

TypeSH

Market value$24.30M

4.19%

Sole

0.00

Shared

0.00

None

141.72K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P 500 GARP ETF

Shares204.67K

TypeSH

Market value$21.80M

3.75%

Sole

0.00

Shared

0.00

None

204.67K

HARTFORD FDS EXCHANGE TRADED

SOLE

TOTAL RTRN ETF

Shares632.28K

TypeSH

Market value$21.33M

3.67%

Sole

0.00

Shared

0.00

None

632.28K

INVESCO ACTIVELY MANAGED ETF

SOLE

TOTAL RETURN

Shares425.75K

TypeSH

Market value$19.93M

3.43%

Sole

0.00

Shared

0.00

None

425.75K

PGIM ETF TR

SOLE

TOTAL RETURN BON

Shares456.76K

TypeSH

Market value$19.00M

3.27%

Sole

0.00

Shared

0.00

None

456.76K

SSGA ACTIVE ETF TR

SOLE

SPDR TR TACTIC

Shares461.60K

TypeSH

Market value$18.49M

3.18%

Sole

0.00

Shared

0.00

None

461.60K

FIRST TR EXCHNG TRADED FD VI

SOLE

TCW OPPORTUNIS

Shares413.11K

TypeSH

Market value$18.01M

3.10%

Sole

0.00

Shared

0.00

None

413.11K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares446.23K

TypeSH

Market value$17.70M

3.05%

Sole

0.00

Shared

0.00

None

446.23K

PACER FDS TR

SOLE

PACER US SMALL

Shares318.08K

TypeSH

Market value$15.64M

2.69%

Sole

0.00

Shared

0.00

None

318.08K

VANGUARD WHITEHALL FDS

SOLE

INTL DVD ETF

Shares176.28K

TypeSH

Market value$14.37M

2.48%

Sole

0.00

Shared

0.00

None

176.28K

SCHWAB STRATEGIC TR

SOLE

SCHWB FDT INT LG

Shares367.43K

TypeSH

Market value$13.08M

2.25%

Sole

0.00

Shared

0.00

None

367.43K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares23.19K

TypeSH

Market value$12.13M

2.09%

Sole

0.00

Shared

0.00

None

23.19K

FIRST TR EXCHANGE-TRADED FD

SOLE

RISNG DIVD ACHIV

Shares193.97K

TypeSH

Market value$10.90M

1.88%

Sole

0.00

Shared

0.00

None

193.97K

WISDOMTREE TR

SOLE

EM EX ST-OWNED

Shares368.74K

TypeSH

Market value$10.86M

1.87%

Sole

0.00

Shared

0.00

None

368.74K

SPDR SER TR

SOLE

BLOOMBERG SHT TE

Shares367.48K

TypeSH

Market value$9.27M

1.60%

Sole

0.00

Shared

0.00

None

367.48K

NVIDIA CORPORATION

SOLE

COM

Shares8.75K

TypeSH

Market value$7.90M

1.36%

Sole

0.00

Shared

0.00

None

8.75K

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares17.31K

TypeSH

Market value$7.69M

1.32%

Sole

0.00

Shared

0.00

None

17.31K

WISDOMTREE TR

SOLE

US QTLY DIV GRT

Shares94.69K

TypeSH

Market value$7.21M

1.24%

Sole

0.00

Shared

0.00

None

94.69K

MICROSOFT CORP

SOLE

COM

Shares16.32K

TypeSH

Market value$6.86M

1.18%

Sole

0.00

Shared

0.00

None

16.32K

CHIPOTLE MEXICAN GRILL INC

SOLE

COM

Shares1.85K

TypeSH

Market value$5.39M

0.93%

Sole

0.00

Shared

0.00

None

1.85K

J P MORGAN EXCHANGE TRADED F

SOLE

ULTRA SHRT INC

Shares104.57K

TypeSH

Market value$5.28M

0.91%

Sole

0.00

Shared

0.00

None

104.57K

Issuer	Class	Shares	Type	Value / Portfolio %	None
ISHARES TRSOLE	MSCI USA QLT FCT	369.04K	SH	$60.65M 10.45%	369.04K
SCHWAB STRATEGIC TRSOLE	US DIVIDEND EQ	602.25K	SH	$48.56M 8.36%	602.25K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 EQL WGT	226.17K	SH	$38.31M 6.60%	226.17K
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	172.15K	SH	$31.44M 5.42%	172.15K
APPLE INCSOLE	COM	141.72K	SH	$24.30M 4.19%	141.72K
INVESCO EXCHANGE TRADED FD TSOLE	S&P 500 GARP ETF	204.67K	SH	$21.80M 3.75%	204.67K
HARTFORD FDS EXCHANGE TRADEDSOLE	TOTAL RTRN ETF	632.28K	SH	$21.33M 3.67%	632.28K
INVESCO ACTIVELY MANAGED ETFSOLE	TOTAL RETURN	425.75K	SH	$19.93M 3.43%	425.75K
PGIM ETF TRSOLE	TOTAL RETURN BON	456.76K	SH	$19.00M 3.27%	456.76K
SSGA ACTIVE ETF TRSOLE	SPDR TR TACTIC	461.60K	SH	$18.49M 3.18%	461.60K
FIRST TR EXCHNG TRADED FD VISOLE	TCW OPPORTUNIS	413.11K	SH	$18.01M 3.10%	413.11K
ISHARES TRSOLE	MSCI INTL QUALTY	446.23K	SH	$17.70M 3.05%	446.23K
PACER FDS TRSOLE	PACER US SMALL	318.08K	SH	$15.64M 2.69%	318.08K
VANGUARD WHITEHALL FDSSOLE	INTL DVD ETF	176.28K	SH	$14.37M 2.48%	176.28K
SCHWAB STRATEGIC TRSOLE	SCHWB FDT INT LG	367.43K	SH	$13.08M 2.25%	367.43K
SPDR S&P 500 ETF TRSOLE	TR UNIT	23.19K	SH	$12.13M 2.09%	23.19K
FIRST TR EXCHANGE-TRADED FDSOLE	RISNG DIVD ACHIV	193.97K	SH	$10.90M 1.88%	193.97K
WISDOMTREE TRSOLE	EM EX ST-OWNED	368.74K	SH	$10.86M 1.87%	368.74K
SPDR SER TRSOLE	BLOOMBERG SHT TE	367.48K	SH	$9.27M 1.60%	367.48K
NVIDIA CORPORATIONSOLE	COM	8.75K	SH	$7.90M 1.36%	8.75K
INVESCO QQQ TRSOLE	UNIT SER 1	17.31K	SH	$7.69M 1.32%	17.31K
WISDOMTREE TRSOLE	US QTLY DIV GRT	94.69K	SH	$7.21M 1.24%	94.69K
MICROSOFT CORPSOLE	COM	16.32K	SH	$6.86M 1.18%	16.32K
CHIPOTLE MEXICAN GRILL INCSOLE	COM	1.85K	SH	$5.39M 0.93%	1.85K
J P MORGAN EXCHANGE TRADED FSOLE	ULTRA SHRT INC	104.57K	SH	$5.28M 0.91%	104.57K

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