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HOWARD FINANCIAL SERVICES, LTD.

8350 MEADOW ROAD SUITE 181, DALLAS, TX 75231 • 214-346-0785

Q1 2026 · Filed 2026-04-07
Market Value
$886M
+4.0%
Holdings
228
+16
New Purchases
29
Added To
126
Closed
9
Reduced
38
Top 10 Concentration
50.0%
Turnover
16.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SCHD 6.74% 6.30% +0.44% $60M
VPLS 0.76% 0.34% +0.42% $7M
UAMY 0.24% 0.00% +0.24% $2M
RDVY 2.22% 1.99% +0.23% $20M
JPST 1.26% 1.04% +0.22% $11M
FNDF 2.29% 2.08% +0.21% $20M
MOAT 1.17% 1.03% +0.14% $10M
HBAN 0.13% 0.00% +0.13% $1M
NBHC 0.12% 0.00% +0.12% $1M
EPD 0.57% 0.45% +0.12% $5M
XSOE 1.53% 1.41% +0.12% $14M
XOM 0.39% 0.29% +0.10% $3M
IQLT 2.49% 2.39% +0.10% $22M
VO 0.09% 0.00% +0.09% $822K
VB 0.09% 0.00% +0.09% $803K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
QUAL 10.89% 11.85% -0.96% $96M
SJNK 2.10% 2.50% -0.40% $19M
SPGP 4.14% 4.49% -0.35% $37M
BIL 0.11% 0.45% -0.34% $995K
MSFT 1.08% 1.30% -0.23% $10M
SPY 1.74% 1.97% -0.22% $15M
AAPL 3.94% 4.16% -0.22% $35M
VIG 4.87% 5.06% -0.18% $43M
CALF 0.91% 1.10% -0.18% $8M
RSP 4.17% 4.31% -0.15% $37M
BSV 0.19% 0.33% -0.14% $2M
SCHG 2.35% 2.49% -0.14% $21M
TSLA 0.21% 0.33% -0.12% $2M
QQQ 1.14% 1.26% -0.12% $10M
TOTL 2.41% 2.49% -0.08% $21M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 81.5%
Technology 8.7%
Energy 3.5%
Consumer Cyclical 1.7%
Communication Services 1.1%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 61 $163M 18.4%
Large Cap 117 $445M 50.3%
Mid Cap 25 $218M 24.6%
Small Cap 17 $58M 6.5%
Micro Cap 8 $2M 0.2%

Portfolio Analytics

Avg Market Cap
$293.3B
Median Market Cap
$86.2B
Avg P/E
32.4
Median P/E
24.3
Avg Dividend Yield
0.02%
Avg Beta
0.96
# Stocks
141
# ETFs / Funds
87

Top Holdings (228 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 QUAL 10.89% 502,864 $96M $191.81 -$4M -4,887 -1.0%
2 SCHD 6.74% 1,945,292 $60M $30.68 $6M -10,245 -0.5%
3 VIG 4.87% 200,635 $43M $215.06 $112K +4,817 +2.5%
4 RSP 4.17% 192,311 $37M $191.92 $198K +672 +0.3%
5 SPGP 4.14% 340,836 $37M $107.62 -$2M +5,336 +1.6%
6 GTO 4.06% 768,519 $36M $46.83 $845K +27,377 +3.7%
7 AAPL 3.94% 137,531 $35M $253.79 -$518K +7,236 +5.5%
8 HTRB 3.76% 988,036 $33M $33.74 $2M +61,292 +6.6%
9 DGRW 3.72% 375,339 $33M $87.84 $2M +26,162 +7.5%
10 PTRB 3.66% 779,785 $32M $41.51 $2M +46,787 +6.4%
11 IQLT 2.49% 476,503 $22M $46.23 $2M +28,940 +6.5%
12 TOTL 2.41% 536,169 $21M $39.73 $126K +10,049 +1.9%
13 SCHG 2.35% 712,988 $21M $29.13 -$387K +64,427 +9.9%
14 FNDF 2.29% 414,982 $20M $48.93 $3M +23,515 +6.0%
15 RDVY 2.22% 288,104 $20M $68.28 $3M +44,694 +18.4%
16 ANGL 2.17% 669,176 $19M $28.72 $1M +53,633 +8.7%
17 SJNK 2.10% 744,257 $19M $24.98 -$3M -95,679 -11.4%
18 VIGI 1.86% 186,482 $16M $88.46 $539K +11,994 +6.9%
19 SPY 1.74% 23,719 $15M $650.33 -$1M -827 -3.4%
20 NVDA 1.64% 83,351 $15M $174.40 -$66K +5,055 +6.5%
21 XSOE 1.53% 336,833 $14M $40.10 $2M +30,267 +9.9%
22 JPST 1.26% 220,612 $11M $50.61 $2M +45,959 +26.3%
23 MOAT 1.17% 107,093 $10M $96.70 $2M +22,502 +26.6%
24 QQQ 1.14% 17,471 $10M $577.18 -$613K +58 +0.3%
25 MSFT 1.08% 25,725 $10M $370.18 -$2M +2,820 +12.3%
26 CALF 0.91% 180,235 $8M $44.87 -$1M -30,142 -14.3%
27 BRK-B 0.83% 15,267 $7M $479.20 -$61K +590 +4.0%
28 AMZN 0.77% 32,796 $7M $208.27 $30K +3,336 +11.3%
29 VPLS 0.76% 86,428 $7M $77.59 $4M +49,218 +132.3%
30 FPE 0.71% 353,732 $6M $17.75 -$291K -6,839 -1.9%
31 SBR 0.58% 68,082 $5M $75.00 $443K +70 +0.1%
32 EPD 0.57% 133,768 $5M $37.84 $1M +14,392 +12.1%
33 AVGO 0.56% 16,161 $5M $309.51 -$284K +887 +5.8%
34 IVV 0.51% 6,867 $4M $653.18 -$25K +282 +4.3%
35 GOOGL 0.48% 14,800 $4M $287.56 $862K +3,957 +36.5%
36 ET 0.43% 197,157 $4M $19.30 $702K +8,982 +4.8%
37 VTI 0.40% 11,051 $4M $320.82 -$461K -898 -7.5%
38 RODM 0.39% 88,204 $3M $39.42 $12K -5,506 -5.9%
39 XOM 0.39% 20,135 $3M $169.66 $973K -168 -0.8%
40 CMG 0.34% 93,915 $3M $32.01 -$447K +595 +0.6%
41 SCHE 0.30% 81,752 $3M $32.95 $12K -134 -0.2%
42 MPLX 0.29% 45,575 $3M $57.07 $214K +841 +1.9%
43 FIXD 0.29% 59,413 $3M $43.59 -$161K -2,652 -4.3%
44 SCHF 0.28% 101,050 $3M $24.75 $56K -662 -0.7%
45 PEP 0.27% 15,576 $2M $155.29 $173K -72 -0.5%
46 UAMY 0.24% 248,031 $2M $8.73 +248,031 NEW
47 IGSB 0.24% 40,419 $2M $52.56 $193K +3,895 +10.7%
48 JPM 0.24% 7,159 $2M $294.16 $95K +918 +14.7%
49 TSM 0.24% 6,221 $2M $337.95 $524K +1,028 +19.8%
50 PLTR 0.23% 13,805 $2M $146.28 -$410K +140 +1.0%
51 TPL 0.22% 4,078 $2M $474.56 $771K +25 +0.6%
52 TSLA 0.21% 4,924 $2M $371.75 -$959K -1,278 -20.6%
53 GOOG 0.20% 6,142 $2M $286.87 $88K +808 +15.2%
54 IEFA 0.19% 18,983 $2M $90.53 -$15K -396 -2.0%
55 WMT 0.19% 13,816 $2M $124.28 $478K +2,691 +24.2%
56 BSV 0.19% 21,046 $2M $78.41 -$1M -14,733 -41.2%
57 SCHW 0.19% 17,487 $2M $93.98 -$98K +53 +0.3%
58 JNJ 0.17% 6,185 $2M $244.42 $577K +1,670 +37.0%
59 VNOM 0.17% 31,738 $1M $46.99 $268K +72 +0.2%
60 META 0.17% 2,597 $1M $572.09 $333K +850 +48.6%
61 DMLP 0.16% 51,643 $1M $27.10 $260K +682 +1.3%
62 BSM 0.16% 92,233 $1M $15.12 $171K +169 +0.2%
63 FNDA 0.15% 39,672 $1M $32.43 $123K +2,760 +7.5%
64 MA 0.14% 2,567 $1M $499.63 -$224K -72 -2.7%
65 OKE 0.14% 14,104 $1M $90.39 $352K +1,549 +12.3%
66 GEV 0.14% 1,372 $1M $872.90 $171K -198 -12.6%
67 IBM 0.13% 4,794 $1M $242.40 -$197K +204 +4.4%
68 HBAN 0.13% 73,039 $1M $15.65 +73,039 NEW
69 COST 0.13% 1,126 $1M $996.24 $319K +196 +21.1%
70 NBHC 0.12% 28,191 $1M $39.16 +28,191 NEW
71 NFLX 0.12% 11,480 $1M $96.15 $112K +900 +8.5%
72 GPIX 0.12% 21,817 $1M $50.04 $112K +3,267 +17.6%
73 LLY 0.12% 1,184 $1M $920.11 $106K +269 +29.4%
74 CVX 0.12% 5,165 $1M $206.89 $401K +785 +17.9%
75 SPDW 0.12% 22,437 $1M $45.65 $28K +6 +0.0%
76 MRK 0.12% 8,473 $1M $120.29 $197K +666 +8.5%
77 BIL 0.11% 10,863 $995K $91.64 -$3M -31,229 -74.2%
78 GE 0.11% 3,473 $986K $283.78 -$346K -850 -19.7%
79 GLD 0.11% 2,287 $984K $430.29 $78K
80 KO 0.10% 12,054 $917K $76.05 $334K +3,725 +44.7%
81 ABBV 0.10% 4,177 $909K $217.51 $167K +932 +28.7%
82 PM 0.10% 5,456 $902K $165.33 $100K +458 +9.2%
83 GHC 0.10% 842 $890K $1,057.40 -$33K +1 +0.1%
84 CSCO 0.10% 11,411 $885K $77.59 $64K +750 +7.0%
85 LUV 0.10% 22,907 $861K $37.57 -$79K +181 +0.8%
86 IJH 0.10% 12,697 $857K $67.53 $265K +3,723 +41.5%
87 CRWD 0.10% 2,176 $850K $390.41 -$34K +292 +15.5%
88 TQQQ 0.10% 20,250 $844K $41.68 -$224K
89 V 0.09% 2,767 $836K $302.26 $187K +916 +49.5%
90 VO 0.09% 2,861 $822K $287.18 +2,861 NEW
91 IEMG 0.09% 11,705 $816K $69.75 $30K
92 NUV 0.09% 90,060 $810K $8.99 -$6K
93 VB 0.09% 3,067 $803K $261.89 +3,067 NEW
94 NOC 0.09% 1,170 $798K $682.00 $146K +27 +2.4%
95 VEU 0.09% 10,452 $785K $75.10 +10,452 NEW
96 BAC 0.09% 16,050 $782K $48.75 $266K +6,665 +71.0%
97 VCIT 0.09% 9,447 $782K $82.75 +9,447 NEW
98 MU 0.09% 2,253 $761K $337.84 $156K +134 +6.3%
99 AGNCZ 0.08% 74,468 $747K $10.03 -$33K +1,747 +2.4%
100 AMGN 0.08% 2,057 $724K $351.87 $90K +121 +6.2%

Options Breakdown

0 Calls $0 Call Value 1 Puts $103K Put Value

Top Puts

SymbolSharesValueStatus
IWM 68,500 $103K NEW

New Positions

SymbolValue% Port
UAMY $2M 0.24%
HBAN $1M 0.13%
NBHC $1M 0.12%
VO $822K 0.09%
VB $803K 0.09%
VEU $785K 0.09%
VCIT $782K 0.09%
EEM $615K 0.07%
VEA $610K 0.07%
LIN $412K 0.05%
OSTX $346K 0.04%
TJX $313K 0.04%
ICE $296K 0.03%
AMAT $282K 0.03%
EMR $282K 0.03%

Sold Out Positions

SymbolValue% Port
DIS —%
CHWY —%
ADP —%
GRAL —%
ADBE —%
CRBN —%
IHI —%
VNQ —%
ANTM —%
View SEC EDGAR Filings for HOWARD FINANCIAL SERVICES, LTD. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms