HOWARD FINANCIAL SERVICES, LTD.

Filed: 1/9/2024ACC: 0001785717-24-000002

📋 What this filing means

HOWARD FINANCIAL SERVICES, LTD. filed this quarterly 13F‑HR report disclosing 153 equity positions with a total reported market value of $518.73M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

153

Positions

$518.73M

Total AUM (reported)

8.36M

Total Shares

Allocation by class

COM$72.38M14.0%

MSCI USA QLT FCT$54.56M10.5%

US DIVIDEND EQ$46.26M8.9%

S&P500 EQL WGT$37.53M7.2%

DIV APP ETF$30.61M5.9%

TOTAL RTRN ETF$18.41M3.5%

S&P 500 GARP ETF$17.79M3.4%

Portfolio Concentration

Top 3$138.35M26.7%

4–10$137.88M26.6%

11–25$141.14M27.2%

Rest$101.35M19.5%

Top 3 weight

26.7%

Top 10 weight

53.3%

Voting Authority Distribution

Total shares with voting rights: 8.36M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

8.36M

% of voting shares100.0%

Investment Discretion (by position count)

Sole153

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings153

Rows:

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares370.83K

TypeSH

Market value$54.56M

10.52%

Sole

0.00

Shared

0.00

None

370.83K

SCHWAB STRATEGIC TR

SOLE

US DIVIDEND EQ

Shares607.58K

TypeSH

Market value$46.26M

8.92%

Sole

0.00

Shared

0.00

None

607.58K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 EQL WGT

Shares237.85K

TypeSH

Market value$37.53M

7.24%

Sole

0.00

Shared

0.00

None

237.85K

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares179.62K

TypeSH

Market value$30.61M

5.90%

Sole

0.00

Shared

0.00

None

179.62K

APPLE INC

SOLE

COM

Shares103.55K

TypeSH

Market value$19.94M

3.84%

Sole

0.00

Shared

0.00

None

103.55K

HARTFORD FDS EXCHANGE TRADED

SOLE

TOTAL RTRN ETF

Shares541.03K

TypeSH

Market value$18.41M

3.55%

Sole

0.00

Shared

0.00

None

541.03K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P 500 GARP ETF

Shares181.44K

TypeSH

Market value$17.79M

3.43%

Sole

0.00

Shared

0.00

None

181.44K

FIRST TR EXCHNG TRADED FD VI

SOLE

TCW OPPORTUNIS

Shares393.90K

TypeSH

Market value$17.57M

3.39%

Sole

0.00

Shared

0.00

None

393.90K

SSGA ACTIVE ETF TR

SOLE

SPDR TR TACTIC

Shares427.38K

TypeSH

Market value$17.20M

3.32%

Sole

0.00

Shared

0.00

None

427.38K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares435.80K

TypeSH

Market value$16.37M

3.16%

Sole

0.00

Shared

0.00

None

435.80K

PGIM ETF TR

SOLE

TOTAL RETURN BON

Shares373.45K

TypeSH

Market value$15.67M

3.02%

Sole

0.00

Shared

0.00

None

373.45K

INVESCO ACTIVELY MANAGED ETF

SOLE

TOTAL RETURN

Shares302.97K

TypeSH

Market value$14.31M

2.76%

Sole

0.00

Shared

0.00

None

302.97K

PACER FDS TR

SOLE

PACER US SMALL

Shares287.85K

TypeSH

Market value$13.83M

2.67%

Sole

0.00

Shared

0.00

None

287.85K

VANGUARD WHITEHALL FDS

SOLE

INTL DVD ETF

Shares173.63K

TypeSH

Market value$13.78M

2.66%

Sole

0.00

Shared

0.00

None

173.63K

SCHWAB STRATEGIC TR

SOLE

SCHWB FDT INT LG

Shares351.59K

TypeSH

Market value$11.86M

2.29%

Sole

0.00

Shared

0.00

None

351.59K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares24.69K

TypeSH

Market value$11.74M

2.26%

Sole

0.00

Shared

0.00

None

24.69K

WISDOMTREE TR

SOLE

EM EX ST-OWNED

Shares360.07K

TypeSH

Market value$10.40M

2.00%

Sole

0.00

Shared

0.00

None

360.07K

FIRST TR EXCHANGE-TRADED FD

SOLE

RISNG DIVD ACHIV

Shares183.46K

TypeSH

Market value$9.48M

1.83%

Sole

0.00

Shared

0.00

None

183.46K

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares17.40K

TypeSH

Market value$7.12M

1.37%

Sole

0.00

Shared

0.00

None

17.40K

WISDOMTREE TR

SOLE

US QTLY DIV GRT

Shares92.62K

TypeSH

Market value$6.51M

1.25%

Sole

0.00

Shared

0.00

None

92.62K

SPDR SER TR

SOLE

BLOOMBERG SHT TE

Shares250.53K

TypeSH

Market value$6.30M

1.21%

Sole

0.00

Shared

0.00

None

250.53K

MICROSOFT CORP

SOLE

COM

Shares16.39K

TypeSH

Market value$6.16M

1.19%

Sole

0.00

Shared

0.00

None

16.39K

J P MORGAN EXCHANGE TRADED F

SOLE

ULTRA SHRT INC

Shares105.92K

TypeSH

Market value$5.32M

1.03%

Sole

0.00

Shared

0.00

None

105.92K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares12.42K

TypeSH

Market value$4.43M

0.85%

Sole

0.00

Shared

0.00

None

12.42K

LATTICE STRATEGIES TR

SOLE

HARTFORD MLT ETF

Shares154.74K

TypeSH

Market value$4.24M

0.82%

Sole

0.00

Shared

0.00

None

154.74K

Issuer	Class	Shares	Type	Value / Portfolio %	None
ISHARES TRSOLE	MSCI USA QLT FCT	370.83K	SH	$54.56M 10.52%	370.83K
SCHWAB STRATEGIC TRSOLE	US DIVIDEND EQ	607.58K	SH	$46.26M 8.92%	607.58K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 EQL WGT	237.85K	SH	$37.53M 7.24%	237.85K
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	179.62K	SH	$30.61M 5.90%	179.62K
APPLE INCSOLE	COM	103.55K	SH	$19.94M 3.84%	103.55K
HARTFORD FDS EXCHANGE TRADEDSOLE	TOTAL RTRN ETF	541.03K	SH	$18.41M 3.55%	541.03K
INVESCO EXCHANGE TRADED FD TSOLE	S&P 500 GARP ETF	181.44K	SH	$17.79M 3.43%	181.44K
FIRST TR EXCHNG TRADED FD VISOLE	TCW OPPORTUNIS	393.90K	SH	$17.57M 3.39%	393.90K
SSGA ACTIVE ETF TRSOLE	SPDR TR TACTIC	427.38K	SH	$17.20M 3.32%	427.38K
ISHARES TRSOLE	MSCI INTL QUALTY	435.80K	SH	$16.37M 3.16%	435.80K
PGIM ETF TRSOLE	TOTAL RETURN BON	373.45K	SH	$15.67M 3.02%	373.45K
INVESCO ACTIVELY MANAGED ETFSOLE	TOTAL RETURN	302.97K	SH	$14.31M 2.76%	302.97K
PACER FDS TRSOLE	PACER US SMALL	287.85K	SH	$13.83M 2.67%	287.85K
VANGUARD WHITEHALL FDSSOLE	INTL DVD ETF	173.63K	SH	$13.78M 2.66%	173.63K
SCHWAB STRATEGIC TRSOLE	SCHWB FDT INT LG	351.59K	SH	$11.86M 2.29%	351.59K
SPDR S&P 500 ETF TRSOLE	TR UNIT	24.69K	SH	$11.74M 2.26%	24.69K
WISDOMTREE TRSOLE	EM EX ST-OWNED	360.07K	SH	$10.40M 2.00%	360.07K
FIRST TR EXCHANGE-TRADED FDSOLE	RISNG DIVD ACHIV	183.46K	SH	$9.48M 1.83%	183.46K
INVESCO QQQ TRSOLE	UNIT SER 1	17.40K	SH	$7.12M 1.37%	17.40K
WISDOMTREE TRSOLE	US QTLY DIV GRT	92.62K	SH	$6.51M 1.25%	92.62K
SPDR SER TRSOLE	BLOOMBERG SHT TE	250.53K	SH	$6.30M 1.21%	250.53K
MICROSOFT CORPSOLE	COM	16.39K	SH	$6.16M 1.19%	16.39K
J P MORGAN EXCHANGE TRADED FSOLE	ULTRA SHRT INC	105.92K	SH	$5.32M 1.03%	105.92K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	12.42K	SH	$4.43M 0.85%	12.42K
LATTICE STRATEGIES TRSOLE	HARTFORD MLT ETF	154.74K	SH	$4.24M 0.82%	154.74K

Page 1 of 7

…