HOWARD FINANCIAL SERVICES, LTD.

Filed: 1/15/2025ACC: 0001768130-25-000001

📋 What this filing means

HOWARD FINANCIAL SERVICES, LTD. filed this quarterly 13F‑HR report disclosing 186 equity positions with a total reported market value of $735.13M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

186

Positions

$735.13M

Total AUM (reported)

13.01M

Total Shares

Allocation by class

COM$118.00M16.1%

MSCI USA QLT FCT$81.02M11.0%

US DIVIDEND EQ$55.23M7.5%

DIV APP ETF$35.82M4.9%

S&P500 EQL WGT$35.65M4.8%

S&P 500 GARP ETF$32.65M4.4%

TOTAL RETURN$32.51M4.4%

Portfolio Concentration

Top 3$172.07M23.4%

4–10$212.71M28.9%

11–25$195.66M26.6%

Rest$154.68M21.0%

Top 3 weight

23.4%

Top 10 weight

52.3%

Voting Authority Distribution

Total shares with voting rights: 13.01M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

13.01M

% of voting shares100.0%

Investment Discretion (by position count)

Sole186

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings186

Rows:

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares454.95K

TypeSH

Market value$81.02M

11.02%

Sole

0.00

Shared

0.00

None

454.95K

SCHWAB STRATEGIC TR

SOLE

US DIVIDEND EQ

Shares2.02M

TypeSH

Market value$55.23M

7.51%

Sole

0.00

Shared

0.00

None

2.02M

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares182.92K

TypeSH

Market value$35.82M

4.87%

Sole

0.00

Shared

0.00

None

182.92K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 EQL WGT

Shares203.46K

TypeSH

Market value$35.65M

4.85%

Sole

0.00

Shared

0.00

None

203.46K

APPLE INC

SOLE

COM

Shares134.74K

TypeSH

Market value$33.74M

4.59%

Sole

0.00

Shared

0.00

None

134.74K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P 500 GARP ETF

Shares311.31K

TypeSH

Market value$32.65M

4.44%

Sole

0.00

Shared

0.00

None

311.31K

INVESCO ACTIVELY MANAGED EXC

SOLE

TOTAL RETURN

Shares700.67K

TypeSH

Market value$32.51M

4.42%

Sole

0.00

Shared

0.00

None

700.67K

HARTFORD FDS EXCHANGE TRADED

SOLE

TOTAL RTRN ETF

Shares883.88K

TypeSH

Market value$29.46M

4.01%

Sole

0.00

Shared

0.00

None

883.88K

PGIM ETF TR

SOLE

TOTAL RETURN BON

Shares711.40K

TypeSH

Market value$29.14M

3.96%

Sole

0.00

Shared

0.00

None

711.40K

PACER FDS TR

SOLE

PACER US SMALL

Shares444.30K

TypeSH

Market value$19.55M

2.66%

Sole

0.00

Shared

0.00

None

444.30K

SSGA ACTIVE ETF TR

SOLE

SPDR TR TACTIC

Shares456.46K

TypeSH

Market value$17.98M

2.45%

Sole

0.00

Shared

0.00

None

456.46K

SPDR SER TR

SOLE

BLOOMBERG SHT TE

Shares706.53K

TypeSH

Market value$17.84M

2.43%

Sole

0.00

Shared

0.00

None

706.53K

WISDOMTREE TR

SOLE

US QTLY DIV GRT

Shares220.37K

TypeSH

Market value$17.83M

2.43%

Sole

0.00

Shared

0.00

None

220.37K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares477.93K

TypeSH

Market value$17.74M

2.41%

Sole

0.00

Shared

0.00

None

477.93K

VANGUARD WHITEHALL FDS

SOLE

INTL DVD ETF

Shares179.23K

TypeSH

Market value$14.34M

1.95%

Sole

0.00

Shared

0.00

None

179.23K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL INTL

Shares414.99K

TypeSH

Market value$13.78M

1.87%

Sole

0.00

Shared

0.00

None

414.99K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares22.28K

TypeSH

Market value$13.06M

1.78%

Sole

0.00

Shared

0.00

None

22.28K

VANECK ETF TRUST

SOLE

FALLEN ANGEL HG

Shares415.23K

TypeSH

Market value$11.90M

1.62%

Sole

0.00

Shared

0.00

None

415.23K

FIRST TR EXCHANGE-TRADED FD

SOLE

RISNG DIVD ACHIV

Shares199.98K

TypeSH

Market value$11.83M

1.61%

Sole

0.00

Shared

0.00

None

199.98K

WISDOMTREE TR

SOLE

EM EX ST-OWNED

Shares350.16K

TypeSH

Market value$10.67M

1.45%

Sole

0.00

Shared

0.00

None

350.16K

NVIDIA CORPORATION

SOLE

COM

Shares77.36K

TypeSH

Market value$10.39M

1.41%

Sole

0.00

Shared

0.00

None

77.36K

MICROSOFT CORP

SOLE

COM

Shares23.80K

TypeSH

Market value$10.03M

1.36%

Sole

0.00

Shared

0.00

None

23.80K

FIRST TR EXCHNG TRADED FD VI

SOLE

TCW OPPORTUNIS

Shares223.25K

TypeSH

Market value$9.59M

1.30%

Sole

0.00

Shared

0.00

None

223.25K

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares18.33K

TypeSH

Market value$9.37M

1.27%

Sole

0.00

Shared

0.00

None

18.33K

FIRST TR EXCH TRADED FD III

SOLE

PFD SECS INC ETF

Shares525.58K

TypeSH

Market value$9.30M

1.27%

Sole

0.00

Shared

0.00

None

525.58K

Issuer	Class	Shares	Type	Value / Portfolio %	None
ISHARES TRSOLE	MSCI USA QLT FCT	454.95K	SH	$81.02M 11.02%	454.95K
SCHWAB STRATEGIC TRSOLE	US DIVIDEND EQ	2.02M	SH	$55.23M 7.51%	2.02M
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	182.92K	SH	$35.82M 4.87%	182.92K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 EQL WGT	203.46K	SH	$35.65M 4.85%	203.46K
APPLE INCSOLE	COM	134.74K	SH	$33.74M 4.59%	134.74K
INVESCO EXCHANGE TRADED FD TSOLE	S&P 500 GARP ETF	311.31K	SH	$32.65M 4.44%	311.31K
INVESCO ACTIVELY MANAGED EXCSOLE	TOTAL RETURN	700.67K	SH	$32.51M 4.42%	700.67K
HARTFORD FDS EXCHANGE TRADEDSOLE	TOTAL RTRN ETF	883.88K	SH	$29.46M 4.01%	883.88K
PGIM ETF TRSOLE	TOTAL RETURN BON	711.40K	SH	$29.14M 3.96%	711.40K
PACER FDS TRSOLE	PACER US SMALL	444.30K	SH	$19.55M 2.66%	444.30K
SSGA ACTIVE ETF TRSOLE	SPDR TR TACTIC	456.46K	SH	$17.98M 2.45%	456.46K
SPDR SER TRSOLE	BLOOMBERG SHT TE	706.53K	SH	$17.84M 2.43%	706.53K
WISDOMTREE TRSOLE	US QTLY DIV GRT	220.37K	SH	$17.83M 2.43%	220.37K
ISHARES TRSOLE	MSCI INTL QUALTY	477.93K	SH	$17.74M 2.41%	477.93K
VANGUARD WHITEHALL FDSSOLE	INTL DVD ETF	179.23K	SH	$14.34M 1.95%	179.23K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL INTL	414.99K	SH	$13.78M 1.87%	414.99K
SPDR S&P 500 ETF TRSOLE	TR UNIT	22.28K	SH	$13.06M 1.78%	22.28K
VANECK ETF TRUSTSOLE	FALLEN ANGEL HG	415.23K	SH	$11.90M 1.62%	415.23K
FIRST TR EXCHANGE-TRADED FDSOLE	RISNG DIVD ACHIV	199.98K	SH	$11.83M 1.61%	199.98K
WISDOMTREE TRSOLE	EM EX ST-OWNED	350.16K	SH	$10.67M 1.45%	350.16K
NVIDIA CORPORATIONSOLE	COM	77.36K	SH	$10.39M 1.41%	77.36K
MICROSOFT CORPSOLE	COM	23.80K	SH	$10.03M 1.36%	23.80K
FIRST TR EXCHNG TRADED FD VISOLE	TCW OPPORTUNIS	223.25K	SH	$9.59M 1.30%	223.25K
INVESCO QQQ TRSOLE	UNIT SER 1	18.33K	SH	$9.37M 1.27%	18.33K
FIRST TR EXCH TRADED FD IIISOLE	PFD SECS INC ETF	525.58K	SH	$9.30M 1.27%	525.58K

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