HOWARD FINANCIAL SERVICES, LTD.

Filed: 10/8/2024ACC: 0001768130-24-000008

📋 What this filing means

HOWARD FINANCIAL SERVICES, LTD. filed this quarterly 13F‑HR report disclosing 168 equity positions with a total reported market value of $692.50M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

168

Positions

$692.50M

Total AUM (reported)

10.68M

Total Shares

Allocation by class

COM$97.60M14.1%

MSCI USA QLT FCT$78.49M11.3%

US DIVIDEND EQ$55.56M8.0%

S&P500 EQL WGT$36.57M5.3%

DIV APP ETF$35.98M5.2%

TOTAL RETURN$31.56M4.6%

TOTAL RTRN ETF$29.09M4.2%

Portfolio Concentration

Top 3$170.61M24.6%

4–10$203.77M29.4%

11–25$188.25M27.2%

Rest$129.87M18.8%

Top 3 weight

24.6%

Top 10 weight

54.1%

Voting Authority Distribution

Total shares with voting rights: 10.68M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

10.68M

% of voting shares100.0%

Investment Discretion (by position count)

Sole168

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings168

Rows:

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares437.77K

TypeSH

Market value$78.49M

11.33%

Sole

0.00

Shared

0.00

None

437.77K

SCHWAB STRATEGIC TR

SOLE

US DIVIDEND EQ

Shares657.25K

TypeSH

Market value$55.56M

8.02%

Sole

0.00

Shared

0.00

None

657.25K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 EQL WGT

Shares204.09K

TypeSH

Market value$36.57M

5.28%

Sole

0.00

Shared

0.00

None

204.09K

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares181.67K

TypeSH

Market value$35.98M

5.20%

Sole

0.00

Shared

0.00

None

181.67K

INVESCO ACTIVELY MANAGED EXC

SOLE

TOTAL RETURN

Shares653.39K

TypeSH

Market value$31.56M

4.56%

Sole

0.00

Shared

0.00

None

653.39K

APPLE INC

SOLE

COM

Shares133.40K

TypeSH

Market value$31.08M

4.49%

Sole

0.00

Shared

0.00

None

133.40K

HARTFORD FDS EXCHANGE TRADED

SOLE

TOTAL RTRN ETF

Shares832.01K

TypeSH

Market value$29.09M

4.20%

Sole

0.00

Shared

0.00

None

832.01K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P 500 GARP ETF

Shares275.82K

TypeSH

Market value$28.87M

4.17%

Sole

0.00

Shared

0.00

None

275.82K

PGIM ETF TR

SOLE

TOTAL RETURN BON

Shares629.36K

TypeSH

Market value$26.97M

3.90%

Sole

0.00

Shared

0.00

None

629.36K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares487.22K

TypeSH

Market value$20.21M

2.92%

Sole

0.00

Shared

0.00

None

487.22K

PACER FDS TR

SOLE

PACER US SMALL

Shares415.84K

TypeSH

Market value$19.34M

2.79%

Sole

0.00

Shared

0.00

None

415.84K

VANGUARD WHITEHALL FDS

SOLE

INTL DVD ETF

Shares187.89K

TypeSH

Market value$16.59M

2.40%

Sole

0.00

Shared

0.00

None

187.89K

SSGA ACTIVE ETF TR

SOLE

SPDR TR TACTIC

Shares389.24K

TypeSH

Market value$16.11M

2.33%

Sole

0.00

Shared

0.00

None

389.24K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL INTL

Shares424.46K

TypeSH

Market value$15.86M

2.29%

Sole

0.00

Shared

0.00

None

424.46K

SPDR SER TR

SOLE

BLOOMBERG SHT TE

Shares573.93K

TypeSH

Market value$14.78M

2.13%

Sole

0.00

Shared

0.00

None

573.93K

FIRST TR EXCHNG TRADED FD VI

SOLE

TCW OPPORTUNIS

Shares306.36K

TypeSH

Market value$13.86M

2.00%

Sole

0.00

Shared

0.00

None

306.36K

WISDOMTREE TR

SOLE

EM EX ST-OWNED

Shares381.53K

TypeSH

Market value$12.60M

1.82%

Sole

0.00

Shared

0.00

None

381.53K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares21.89K

TypeSH

Market value$12.56M

1.81%

Sole

0.00

Shared

0.00

None

21.89K

WISDOMTREE TR

SOLE

US QTLY DIV GRT

Shares148.88K

TypeSH

Market value$12.39M

1.79%

Sole

0.00

Shared

0.00

None

148.88K

FIRST TR EXCHANGE-TRADED FD

SOLE

RISNG DIVD ACHIV

Shares201.21K

TypeSH

Market value$11.91M

1.72%

Sole

0.00

Shared

0.00

None

201.21K

VANECK ETF TRUST

SOLE

FALLEN ANGEL HG

Shares310.75K

TypeSH

Market value$9.14M

1.32%

Sole

0.00

Shared

0.00

None

310.75K

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares17.36K

TypeSH

Market value$8.47M

1.22%

Sole

0.00

Shared

0.00

None

17.36K

NVIDIA CORPORATION

SOLE

COM

Shares68.83K

TypeSH

Market value$8.36M

1.21%

Sole

0.00

Shared

0.00

None

68.83K

MICROSOFT CORP

SOLE

COM

Shares18.95K

TypeSH

Market value$8.16M

1.18%

Sole

0.00

Shared

0.00

None

18.95K

VANECK ETF TRUST

SOLE

MRNGSTR WDE MOAT

Shares83.73K

TypeSH

Market value$8.12M

1.17%

Sole

0.00

Shared

0.00

None

83.73K

Issuer	Class	Shares	Type	Value / Portfolio %	None
ISHARES TRSOLE	MSCI USA QLT FCT	437.77K	SH	$78.49M 11.33%	437.77K
SCHWAB STRATEGIC TRSOLE	US DIVIDEND EQ	657.25K	SH	$55.56M 8.02%	657.25K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 EQL WGT	204.09K	SH	$36.57M 5.28%	204.09K
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	181.67K	SH	$35.98M 5.20%	181.67K
INVESCO ACTIVELY MANAGED EXCSOLE	TOTAL RETURN	653.39K	SH	$31.56M 4.56%	653.39K
APPLE INCSOLE	COM	133.40K	SH	$31.08M 4.49%	133.40K
HARTFORD FDS EXCHANGE TRADEDSOLE	TOTAL RTRN ETF	832.01K	SH	$29.09M 4.20%	832.01K
INVESCO EXCHANGE TRADED FD TSOLE	S&P 500 GARP ETF	275.82K	SH	$28.87M 4.17%	275.82K
PGIM ETF TRSOLE	TOTAL RETURN BON	629.36K	SH	$26.97M 3.90%	629.36K
ISHARES TRSOLE	MSCI INTL QUALTY	487.22K	SH	$20.21M 2.92%	487.22K
PACER FDS TRSOLE	PACER US SMALL	415.84K	SH	$19.34M 2.79%	415.84K
VANGUARD WHITEHALL FDSSOLE	INTL DVD ETF	187.89K	SH	$16.59M 2.40%	187.89K
SSGA ACTIVE ETF TRSOLE	SPDR TR TACTIC	389.24K	SH	$16.11M 2.33%	389.24K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL INTL	424.46K	SH	$15.86M 2.29%	424.46K
SPDR SER TRSOLE	BLOOMBERG SHT TE	573.93K	SH	$14.78M 2.13%	573.93K
FIRST TR EXCHNG TRADED FD VISOLE	TCW OPPORTUNIS	306.36K	SH	$13.86M 2.00%	306.36K
WISDOMTREE TRSOLE	EM EX ST-OWNED	381.53K	SH	$12.60M 1.82%	381.53K
SPDR S&P 500 ETF TRSOLE	TR UNIT	21.89K	SH	$12.56M 1.81%	21.89K
WISDOMTREE TRSOLE	US QTLY DIV GRT	148.88K	SH	$12.39M 1.79%	148.88K
FIRST TR EXCHANGE-TRADED FDSOLE	RISNG DIVD ACHIV	201.21K	SH	$11.91M 1.72%	201.21K
VANECK ETF TRUSTSOLE	FALLEN ANGEL HG	310.75K	SH	$9.14M 1.32%	310.75K
INVESCO QQQ TRSOLE	UNIT SER 1	17.36K	SH	$8.47M 1.22%	17.36K
NVIDIA CORPORATIONSOLE	COM	68.83K	SH	$8.36M 1.21%	68.83K
MICROSOFT CORPSOLE	COM	18.95K	SH	$8.16M 1.18%	18.95K
VANECK ETF TRUSTSOLE	MRNGSTR WDE MOAT	83.73K	SH	$8.12M 1.17%	83.73K

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