Howard Financial Services

DALLAS, TXfiles as HOWARD FINANCIAL SERVICES, LTD.

$1.0bn in 268 US stocks at the end of 30 June 2026. The top 10 are 48.4% of the money. It changed about 6.0% of the portfolio this quarter.

Value

$1.0bn

Stocks

268

Top 10 share

48.4%

Turnover

6.0%

What changed this quarter

New

Bought for the first time this quarter.

Tidal Trust IICHAT
0.1% of the fund
Ishares TRSOXX
<0.1% of the fund
Fidelity Covington TrustFTEC
<0.1% of the fund
Invesco Exchange Traded FD TIGPT
<0.1% of the fund
Franklin Templeton ETF TRIQM
<0.1% of the fund
KLAKLAC
<0.1% of the fund
AstrazenecaAZN
<0.1% of the fund
Duke EnergyDUK
<0.1% of the fund
Ishares TRUSMV
<0.1% of the fund
Ishares TRDGRO
<0.1% of the fund
Select Sector Spdr TRXLU
<0.1% of the fund
Southern CompanySO
<0.1% of the fund
Western DigitalWDC
<0.1% of the fund
Horton D RDHI
<0.1% of the fund
IntuitINTU
<0.1% of the fund
ServiceNowNOW
<0.1% of the fund
EnbridgeENB
<0.1% of the fund
Automatic Data ProcessingADP
<0.1% of the fund
ShellSHEL
<0.1% of the fund
Arista NetworksANET
<0.1% of the fund
Calamos Conv & High Income FXCHYX
<0.1% of the fund
Fidelity Comwlth TRONEQ
<0.1% of the fund
Vaalco EnergyEGY
<0.1% of the fund
Invesco Exch Traded FD TR IISPMO
<0.1% of the fund
Elevance HealthELV
<0.1% of the fund

Added

Bought more of a stock they already held.

Ishares TRQUAL
11.3% of the fund
+2%
Wisdomtree TRDGRW
3.8% of the fund
+6%
Invesco Actively Managed EXCGTO
3.7% of the fund
+4%
Hartford FDS Exchange TradedHTRB
3.4% of the fund
+3%
Schwab Strategic TRSCHG
2.8% of the fund
+15%
Ishares TRIQLT
2.6% of the fund
+9%
First TR Exchange Traded FDRDVY
2.4% of the fund
+4%
Schwab Strategic TRFNDF
2.4% of the fund
+9%
Vaneck ETF TrustANGL
2.0% of the fund
+3%
Vanguard Whitehall FDSVIGI
1.8% of the fund
+6%
Wisdomtree TRXSOE
1.8% of the fund
+11%
Vanguard Malvern FDSVPLS
1.0% of the fund
+45%
Amazon.comAMZN
0.9% of the fund
+12%
BroadcomAVGO
0.7% of the fund
+13%
AlphabetGOOGL
0.6% of the fund
+20%
Ishares TRIVV
0.5% of the fund
+6%
Enterprise Products Partners L.P.EPD
0.5% of the fund
+4%
IntelINTC
0.4% of the fund
+217%
Energy Transfer L PET
0.4% of the fund
+2%
Taiwan Semiconductor ManufacturingTSM
0.3% of the fund
+4%
ExxonMobil HoldingsXOM
0.3% of the fund
+6%
Mplx LPMPLX
0.3% of the fund
+6%
GE VernovaGEV
0.3% of the fund
+63%
JPMorgan ChaseJPM
0.3% of the fund
+8%
Ishares TRIGSB
0.2% of the fund
+7%

Cut

Sold some of their stake.

Invesco Exchange Traded FD TSPGP
4.0% of the fund
-4%
Invesco Exchange Traded FD TRSP
4.0% of the fund
-3%
Ssga Active ETF TRTOTL
1.9% of the fund
-8%
Spdr Series TrustSJNK
1.7% of the fund
-10%
Invesco QQQ TRQQQ
1.2% of the fund
-5%
Vaneck ETF TrustMOAT
1.0% of the fund
-9%
Pacer FDS TRCALF
0.9% of the fund
-4%
J P Morgan Exchange Traded FJPST
0.8% of the fund
-32%
First TR Exch Traded FD IIIFPE
0.6% of the fund
-4%
Schwab Strategic TRSCHF
0.3% of the fund
-9%
First TR Exchng Traded FD VIFIXD
0.2% of the fund
-4%
AlphabetGOOG
0.2% of the fund
-3%
PepsiCoPEP
0.2% of the fund
-2%
Vanguard BD Index FDSBSV
0.1% of the fund
-19%
OneokOKE
0.1% of the fund
-3%
Southwest AirlinesLUV
0.1% of the fund
-6%
National Bank HoldingsNBHC
<0.1% of the fund
-25%
Spdr Gold TRGLD
<0.1% of the fund
-8%
J P Morgan Exchange Traded FJEPQ
<0.1% of the fund
-3%
Dell TechnologiesDELL
<0.1% of the fund
-29%
Altria GroupMO
<0.1% of the fund
-6%
Invesco Exch Traded FD TR IIQQQM
<0.1% of the fund
-7%
Applied MaterialsAMAT
<0.1% of the fund
-3%
Siren ETF TR
<0.1% of the fund
-8%
Northrop GrummanNOC
<0.1% of the fund
-9%

Sold out

Sold their entire stake.

Proshares TRTQQQ
-100%
Direxion Shares ETF TrustMIDU
-100%
Circle Internet GroupCRCL
-100%
Vanguard Index FDSVXF
-100%
CME GroupCME
-100%
Northern Oil & GasNOG
-100%
Sprott Asset Management LPPHYS
-100%
Honeywell InternationalHON
-100%
Permrock Royalty TrustPRT
-100%

Holdings

Ishares TRQUAL
Share
11.3%
Value
$113m
Shares
513,557
+2%
Schwab Strategic TRSCHD
Share
6.2%
Value
$62m
Shares
1,953,598
Held
Vanguard Specialized FundsVIG
Share
4.7%
Value
$47m
Shares
200,595
Held
AppleAAPL
Share
4.0%
Value
$40m
Shares
138,692
Held
Invesco Exchange Traded FD TSPGP
Share
4.0%
Value
$40m
Shares
327,925
-4%
Invesco Exchange Traded FD TRSP
Share
4.0%
Value
$40m
Shares
187,403
-3%
Wisdomtree TRDGRW
Share
3.8%
Value
$38m
Shares
398,575
+6%
Invesco Actively Managed EXCGTO
Share
3.7%
Value
$37m
Shares
799,598
+4%
Hartford FDS Exchange TradedHTRB
Share
3.4%
Value
$34m
Shares
1,016,250
+3%
Pgim ETF TRPTRB
Share
3.2%
Value
$32m
Shares
781,736
Held
Schwab Strategic TRSCHG
Share
2.8%
Value
$28m
Shares
816,706
+15%
Ishares TRIQLT
Share
2.6%
Value
$26m
Shares
517,003
+9%
First TR Exchange Traded FDRDVY
Share
2.4%
Value
$24m
Shares
299,667
+4%
Schwab Strategic TRFNDF
Share
2.4%
Value
$24m
Shares
451,265
+9%
Vaneck ETF TrustANGL
Share
2.0%
Value
$20m
Shares
690,639
+3%
Ssga Active ETF TRTOTL
Share
1.9%
Value
$19m
Shares
492,358
-8%
Vanguard Whitehall FDSVIGI
Share
1.8%
Value
$18m
Shares
197,383
+6%
Wisdomtree TRXSOE
Share
1.8%
Value
$18m
Shares
372,715
+11%
State STR Spdr S&P 500 ETF TSPY
Share
1.8%
Value
$18m
Shares
23,788
Held
Spdr Series TrustSJNK
Share
1.7%
Value
$17m
Shares
670,023
-10%
NvidiaNVDA
Share
1.6%
Value
$16m
Shares
82,044
Held
Invesco QQQ TRQQQ
Share
1.2%
Value
$12m
Shares
16,641
-5%
Vaneck ETF TrustMOAT
Share
1.0%
Value
$10m
Shares
97,692
-9%
Vanguard Malvern FDSVPLS
Share
1.0%
Value
$10m
Shares
125,340
+45%
MicrosoftMSFT
Share
0.9%
Value
$9m
Shares
25,262
Held
Pacer FDS TRCALF
Share
0.9%
Value
$9m
Shares
173,595
-4%
Amazon.comAMZN
Share
0.9%
Value
$9m
Shares
36,786
+12%
Berkshire HathawayBRK-B
Share
0.8%
Value
$8m
Shares
15,223
Held
J P Morgan Exchange Traded FJPST
Share
0.8%
Value
$8m
Shares
150,222
-32%
BroadcomAVGO
Share
0.7%
Value
$7m
Shares
18,322
+13%
AlphabetGOOGL
Share
0.6%
Value
$6m
Shares
17,727
+20%
First TR Exch Traded FD IIIFPE
Share
0.6%
Value
$6m
Shares
341,178
-4%
Ishares TRIVV
Share
0.5%
Value
$5m
Shares
7,299
+6%
Enterprise Products Partners L.P.EPD
Share
0.5%
Value
$5m
Shares
139,438
+4%
Sabine Royalty TrustSBR
Share
0.5%
Value
$5m
Shares
68,187
Held
IntelINTC
Share
0.4%
Value
$4m
Shares
30,459
+217%
Vanguard Index FDSVTI
Share
0.4%
Value
$4m
Shares
11,079
Held
Energy Transfer L PET
Share
0.4%
Value
$4m
Shares
201,504
+2%
Lattice Strategies TRRODM
Share
0.4%
Value
$4m
Shares
88,991
Held
Chipotle Mexican GrillCMG
Share
0.3%
Value
$3m
Shares
93,520
Held
Taiwan Semiconductor ManufacturingTSM
Share
0.3%
Value
$3m
Shares
6,449
+4%
Schwab Strategic TRSCHE
Share
0.3%
Value
$3m
Shares
81,218
Held
ExxonMobil HoldingsXOM
Share
0.3%
Value
$3m
Shares
21,313
+6%
Mplx LPMPLX
Share
0.3%
Value
$3m
Shares
48,413
+6%
GE VernovaGEV
Share
0.3%
Value
$3m
Shares
2,242
+63%
Micron TechnologyMU
Share
0.3%
Value
$3m
Shares
2,257
Held
Schwab Strategic TRSCHF
Share
0.3%
Value
$3m
Shares
91,676
-9%
JPMorgan ChaseJPM
Share
0.3%
Value
$3m
Shares
7,710
+8%
First TR Exchng Traded FD VIFIXD
Share
0.2%
Value
$2m
Shares
56,809
-4%
Ishares TRIGSB
Share
0.2%
Value
$2m
Shares
43,221
+7%
TeslaTSLA
Share
0.2%
Value
$2m
Shares
5,123
+4%
AlphabetGOOG
Share
0.2%
Value
$2m
Shares
5,942
-3%
Charles SchwabSCHW
Share
0.2%
Value
$2m
Shares
22,309
+28%
PepsiCoPEP
Share
0.2%
Value
$2m
Shares
15,202
-2%
Eli LillyLLY
Share
0.2%
Value
$2m
Shares
1,693
+43%
Marvell TechnologyMRVL
Share
0.2%
Value
$2m
Shares
6,771
+12%
Johnson & JohnsonJNJ
Share
0.2%
Value
$2m
Shares
7,616
+23%
Palantir TechnologiesPLTR
Share
0.2%
Value
$2m
Shares
16,403
+19%
Ishares TRIEFA
Share
0.2%
Value
$2m
Shares
18,933
Held
Texas Pacific LandTPL
Share
0.2%
Value
$2m
Shares
4,056
Held
CrowdStrike HoldingsCRWD
Share
0.2%
Value
$2m
Shares
2,254
+4%
WalmartWMT
Share
0.2%
Value
$2m
Shares
14,487
+5%
SouthState BankSSB
Share
0.2%
Value
$2m
Shares
16,149
Held
Schwab Strategic TRFNDA
Share
0.2%
Value
$2m
Shares
39,730
Held
Meta PlatformsMETA
Share
0.1%
Value
$1m
Shares
2,598
Held
Cisco SystemsCSCO
Share
0.1%
Value
$1m
Shares
12,446
+9%
General ElectricGE
Share
0.1%
Value
$1m
Shares
3,893
+12%
International Business MachinesIBM
Share
0.1%
Value
$1m
Shares
5,054
+5%
MastercardMA
Share
0.1%
Value
$1m
Shares
2,637
+3%
Viper EnergyVNOM
Share
0.1%
Value
$1m
Shares
31,744
Held
Vanguard BD Index FDSBSV
Share
0.1%
Value
$1m
Shares
17,044
-19%
Vaneck ETF TrustSMH
Share
0.1%
Value
$1m
Shares
2,021
+9%
AbbVieABBV
Share
0.1%
Value
$1m
Shares
5,209
+25%
Dorchester Minerals L PDMLP
Share
0.1%
Value
$1m
Shares
51,649
Held
Huntington BancsharesHBAN
Share
0.1%
Value
$1m
Shares
73,456
Held
Palo Alto NetworksPANW
Share
0.1%
Value
$1m
Shares
3,801
+59%
Vanguard Index FDSVOO
Share
0.1%
Value
$1m
Shares
1,882
+99%
Black Stone Minerals L PBSM
Share
0.1%
Value
$1m
Shares
92,418
Held
Goldman Sachs ETF TRGPIX
Share
0.1%
Value
$1m
Shares
21,886
Held
OneokOKE
Share
0.1%
Value
$1m
Shares
13,624
-3%
Coca-ColaKO
Share
0.1%
Value
$1m
Shares
14,291
+19%
Tidal Trust IICHAT
Share
0.1%
Value
$1m
Shares
11,764
New
MerckMRK
Share
0.1%
Value
$1m
Shares
8,945
+6%
Spdr Index SHS FDSSPDW
Share
0.1%
Value
$1m
Shares
22,437
Held
Southwest AirlinesLUV
Share
0.1%
Value
$1m
Shares
21,615
-6%
Annaly Capital ManagementNLY
Share
0.1%
Value
$1m
Shares
48,566
+13%
Advanced Micro DevicesAMD
Share
0.1%
Value
$1m
Shares
1,868
+19%
Philip Morris InternationalPM
Share
0.1%
Value
$1m
Shares
5,800
+6%
Costco WholesaleCOST
Share
0.1%
Value
$1m
Shares
1,110
Held
Spdr Series TrustBIL
Share
<0.1%
Value
$980,713
Shares
10,702
Held
Ishares TRIJH
Share
<0.1%
Value
$980,604
Shares
12,717
Held
Bank of AmericaBAC
Share
<0.1%
Value
$980,417
Shares
17,206
+7%
VisaV
Share
<0.1%
Value
$974,560
Shares
2,841
+3%
IsharesIEMG
Share
<0.1%
Value
$969,712
Shares
11,706
Held
Morgan StanleyMS
Share
<0.1%
Value
$967,494
Shares
4,628
+7%
Graham HoldingsGHC
Share
<0.1%
Value
$962,806
Shares
844
Held
National Bank HoldingsNBHC
Share
<0.1%
Value
$941,516
Shares
21,191
-25%
ChevronCVX
Share
<0.1%
Value
$932,566
Shares
5,626
+9%
Vanguard Index FDSVB
Share
<0.1%
Value
$929,723
Shares
3,067
Held
Vanguard Index FDSVO
Share
<0.1%
Value
$922,043
Shares
11,444
Held

Company	Share of fund	Value	Shares	Change
Ishares TRQUAL	11.3%	$113m	513,557	+2%
Schwab Strategic TRSCHD	6.2%	$62m	1,953,598	Held
Vanguard Specialized FundsVIG	4.7%	$47m	200,595	Held
AppleAAPL	4.0%	$40m	138,692	Held
Invesco Exchange Traded FD TSPGP	4.0%	$40m	327,925	-4%
Invesco Exchange Traded FD TRSP	4.0%	$40m	187,403	-3%
Wisdomtree TRDGRW	3.8%	$38m	398,575	+6%
Invesco Actively Managed EXCGTO	3.7%	$37m	799,598	+4%
Hartford FDS Exchange TradedHTRB	3.4%	$34m	1,016,250	+3%
Pgim ETF TRPTRB	3.2%	$32m	781,736	Held
Schwab Strategic TRSCHG	2.8%	$28m	816,706	+15%
Ishares TRIQLT	2.6%	$26m	517,003	+9%
First TR Exchange Traded FDRDVY	2.4%	$24m	299,667	+4%
Schwab Strategic TRFNDF	2.4%	$24m	451,265	+9%
Vaneck ETF TrustANGL	2.0%	$20m	690,639	+3%
Ssga Active ETF TRTOTL	1.9%	$19m	492,358	-8%
Vanguard Whitehall FDSVIGI	1.8%	$18m	197,383	+6%
Wisdomtree TRXSOE	1.8%	$18m	372,715	+11%
State STR Spdr S&P 500 ETF TSPY	1.8%	$18m	23,788	Held
Spdr Series TrustSJNK	1.7%	$17m	670,023	-10%
NvidiaNVDA	1.6%	$16m	82,044	Held
Invesco QQQ TRQQQ	1.2%	$12m	16,641	-5%
Vaneck ETF TrustMOAT	1.0%	$10m	97,692	-9%
Vanguard Malvern FDSVPLS	1.0%	$10m	125,340	+45%
MicrosoftMSFT	0.9%	$9m	25,262	Held
Pacer FDS TRCALF	0.9%	$9m	173,595	-4%
Amazon.comAMZN	0.9%	$9m	36,786	+12%
Berkshire HathawayBRK-B	0.8%	$8m	15,223	Held
J P Morgan Exchange Traded FJPST	0.8%	$8m	150,222	-32%
BroadcomAVGO	0.7%	$7m	18,322	+13%
AlphabetGOOGL	0.6%	$6m	17,727	+20%
First TR Exch Traded FD IIIFPE	0.6%	$6m	341,178	-4%
Ishares TRIVV	0.5%	$5m	7,299	+6%
Enterprise Products Partners L.P.EPD	0.5%	$5m	139,438	+4%
Sabine Royalty TrustSBR	0.5%	$5m	68,187	Held
IntelINTC	0.4%	$4m	30,459	+217%
Vanguard Index FDSVTI	0.4%	$4m	11,079	Held
Energy Transfer L PET	0.4%	$4m	201,504	+2%
Lattice Strategies TRRODM	0.4%	$4m	88,991	Held
Chipotle Mexican GrillCMG	0.3%	$3m	93,520	Held
Taiwan Semiconductor ManufacturingTSM	0.3%	$3m	6,449	+4%
Schwab Strategic TRSCHE	0.3%	$3m	81,218	Held
ExxonMobil HoldingsXOM	0.3%	$3m	21,313	+6%
Mplx LPMPLX	0.3%	$3m	48,413	+6%
GE VernovaGEV	0.3%	$3m	2,242	+63%
Micron TechnologyMU	0.3%	$3m	2,257	Held
Schwab Strategic TRSCHF	0.3%	$3m	91,676	-9%
JPMorgan ChaseJPM	0.3%	$3m	7,710	+8%
First TR Exchng Traded FD VIFIXD	0.2%	$2m	56,809	-4%
Ishares TRIGSB	0.2%	$2m	43,221	+7%
TeslaTSLA	0.2%	$2m	5,123	+4%
AlphabetGOOG	0.2%	$2m	5,942	-3%
Charles SchwabSCHW	0.2%	$2m	22,309	+28%
PepsiCoPEP	0.2%	$2m	15,202	-2%
Eli LillyLLY	0.2%	$2m	1,693	+43%
Marvell TechnologyMRVL	0.2%	$2m	6,771	+12%
Johnson & JohnsonJNJ	0.2%	$2m	7,616	+23%
Palantir TechnologiesPLTR	0.2%	$2m	16,403	+19%
Ishares TRIEFA	0.2%	$2m	18,933	Held
Texas Pacific LandTPL	0.2%	$2m	4,056	Held
CrowdStrike HoldingsCRWD	0.2%	$2m	2,254	+4%
WalmartWMT	0.2%	$2m	14,487	+5%
SouthState BankSSB	0.2%	$2m	16,149	Held
Schwab Strategic TRFNDA	0.2%	$2m	39,730	Held
Meta PlatformsMETA	0.1%	$1m	2,598	Held
Cisco SystemsCSCO	0.1%	$1m	12,446	+9%
General ElectricGE	0.1%	$1m	3,893	+12%
International Business MachinesIBM	0.1%	$1m	5,054	+5%
MastercardMA	0.1%	$1m	2,637	+3%
Viper EnergyVNOM	0.1%	$1m	31,744	Held
Vanguard BD Index FDSBSV	0.1%	$1m	17,044	-19%
Vaneck ETF TrustSMH	0.1%	$1m	2,021	+9%
AbbVieABBV	0.1%	$1m	5,209	+25%
Dorchester Minerals L PDMLP	0.1%	$1m	51,649	Held
Huntington BancsharesHBAN	0.1%	$1m	73,456	Held
Palo Alto NetworksPANW	0.1%	$1m	3,801	+59%
Vanguard Index FDSVOO	0.1%	$1m	1,882	+99%
Black Stone Minerals L PBSM	0.1%	$1m	92,418	Held
Goldman Sachs ETF TRGPIX	0.1%	$1m	21,886	Held
OneokOKE	0.1%	$1m	13,624	-3%
Coca-ColaKO	0.1%	$1m	14,291	+19%
Tidal Trust IICHAT	0.1%	$1m	11,764	New
MerckMRK	0.1%	$1m	8,945	+6%
Spdr Index SHS FDSSPDW	0.1%	$1m	22,437	Held
Southwest AirlinesLUV	0.1%	$1m	21,615	-6%
Annaly Capital ManagementNLY	0.1%	$1m	48,566	+13%
Advanced Micro DevicesAMD	0.1%	$1m	1,868	+19%
Philip Morris InternationalPM	0.1%	$1m	5,800	+6%
Costco WholesaleCOST	0.1%	$1m	1,110	Held
Spdr Series TrustBIL	<0.1%	$980,713	10,702	Held
Ishares TRIJH	<0.1%	$980,604	12,717	Held
Bank of AmericaBAC	<0.1%	$980,417	17,206	+7%
VisaV	<0.1%	$974,560	2,841	+3%
IsharesIEMG	<0.1%	$969,712	11,706	Held
Morgan StanleyMS	<0.1%	$967,494	4,628	+7%
Graham HoldingsGHC	<0.1%	$962,806	844	Held
National Bank HoldingsNBHC	<0.1%	$941,516	21,191	-25%
ChevronCVX	<0.1%	$932,566	5,626	+9%
Vanguard Index FDSVB	<0.1%	$929,723	3,067	Held
Vanguard Index FDSVO	<0.1%	$922,043	11,444	Held

Showing the largest 100 of 268.

Options (1)

ServiceNowNOW
Type
Call
Value
$19,856
Contracts
200

Company	Type	Value	Contracts
ServiceNowNOW	Call	$19,856	200

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 31.7% since 30 June 2025.

Where the money is

Technology10.1%

Financial services3.1%

Retail & consumer1.9%

Media & telecom1.2%

Industrials1.2%

Health care1.1%

Energy1.0%

Everyday goods0.9%

Utilities0.7%

Materials0.2%

Real estate0.1%

Other78.4%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.