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HOWARD FINANCIAL SERVICES, LTD.

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

Q2 2025 · Filed 2025-07-02
Market Value
$757M
+3.6%
Holdings
195
+1
New Purchases
17
Added To
61
Closed
20
Reduced
82
Top 10 Concentration
53.1%
Turnover
19.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SCHG 1.12% 0.00% +1.12% $8M
QUAL 12.00% 11.33% +0.67% $91M
NVDA 1.63% 1.20% +0.43% $12M
DGRW 3.70% 3.27% +0.42% $28M
AVGO 0.52% 0.32% +0.19% $4M
SPY 1.95% 1.77% +0.18% $15M
QQQ 1.27% 1.11% +0.15% $10M
MSFT 1.38% 1.25% +0.13% $10M
IQLT 2.52% 2.39% +0.13% $19M
RDVY 1.76% 1.64% +0.12% $13M
VIGI 2.03% 1.92% +0.12% $15M
FNDF 1.99% 1.88% +0.11% $15M
ANGL 2.14% 2.05% +0.09% $16M
PLTR 0.24% 0.16% +0.09% $2M
SPGP 4.92% 4.84% +0.08% $37M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SCHD 7.11% 7.93% -0.82% $54M
AAPL 3.59% 4.10% -0.51% $27M
CALF 1.52% 1.97% -0.45% $12M
FIXD 0.75% 1.17% -0.42% $6M
IJH 0.07% 0.38% -0.31% $554K
GTO 4.41% 4.59% -0.18% $33M
FPE 0.93% 1.11% -0.18% $7M
VEA 0.00% 0.16% -0.16% $0
PTRB 3.67% 3.82% -0.15% $28M
BX 0.04% 0.17% -0.14% $289K
JPST 0.42% 0.54% -0.12% $3M
SBR 0.60% 0.71% -0.12% $5M
BRK-B 0.90% 1.01% -0.11% $7M
BSV 0.41% 0.50% -0.09% $3M
PEP 0.28% 0.36% -0.08% $2M

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 52 $131M 17.3%
Large Cap 90 $368M 48.5%
Mid Cap 29 $217M 28.7%
Small Cap 14 $40M 5.2%
Micro Cap 10 $2M 0.3%

Portfolio Analytics

Avg Market Cap
$312.2B
Median Market Cap
$69.5B
Avg P/E
33.4
Median P/E
24.3
Avg Dividend Yield
0.02%
Avg Beta
0.99
# Stocks
113
# ETFs / Funds
82

Top Holdings (195 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 QUAL 12.00% 496,946 $91M $182.82 $8M +12,244 +2.5%
2 SCHD 7.11% 2,032,073 $54M $26.50 -$4M -41,027 -2.0%
3 VIG 4.99% 184,727 $38M $204.67 $2M -1,091 -0.6%
4 SPGP 4.92% 346,178 $37M $107.70 $2M -8,211 -2.3%
5 RSP 4.77% 198,745 $36M $181.74 $2M -786 -0.4%
6 GTO 4.41% 711,727 $33M $46.89 -$174K -3,102 -0.4%
7 HTRB 3.96% 885,861 $30M $33.87 $599K +17,436 +2.0%
8 DGRW 3.70% 334,379 $28M $83.74 $4M +34,604 +11.5%
9 PTRB 3.67% 664,849 $28M $41.83 -$123K -4,383 -0.7%
10 AAPL 3.59% 132,520 $27M $205.17 -$3M -2,452 -1.8%
11 SJNK 2.83% 842,349 $21M $25.48 $1M +38,248 +4.8%
12 TOTL 2.79% 526,422 $21M $40.11 $375K +11,666 +2.3%
13 IQLT 2.52% 441,385 $19M $43.22 $2M +274 +0.1%
14 ANGL 2.14% 552,880 $16M $29.28 $1M +33,331 +6.4%
15 VIGI 2.03% 170,741 $15M $90.12 $1M +1,755 +1.0%
16 FNDF 1.99% 376,251 $15M $40.02 $1M -4,749 -1.2%
17 SPY 1.95% 23,850 $15M $617.84 $2M +717 +3.1%
18 RDVY 1.76% 212,224 $13M $62.74 $1M +7,370 +3.6%
19 NVDA 1.63% 77,993 $12M $157.99 $4M -3,034 -3.7%
20 CALF 1.52% 289,065 $12M $39.81 -$3M -95,352 -24.8%
21 XSOE 1.39% 304,366 $10M $34.48 $664K -14,100 -4.4%
22 MSFT 1.38% 21,050 $10M $497.42 $1M -3,393 -13.9%
23 QQQ 1.27% 17,395 $10M $551.64 $1M +37 +0.2%
24 SCHG 1.12% 289,897 $8M $29.21 +289,897 NEW
25 MOAT 1.07% 86,295 $8M $93.79 $148K -3,993 -4.4%
26 FPE 0.93% 397,326 $7M $17.80 -$1M -64,475 -14.0%
27 BRK-B 0.90% 14,004 $7M $485.77 -$574K +153 +1.1%
28 AMZN 0.79% 27,116 $6M $219.39 $404K -2,029 -7.0%
29 FIXD 0.75% 129,043 $6M $43.89 -$3M -65,934 -33.8%
30 CMG 0.69% 93,500 $5M $56.15 $529K -530 -0.6%
31 SBR 0.60% 67,814 $5M $66.45 -$717K -9,619 -12.4%
32 IVV 0.53% 6,520 $4M $620.93 -$21K -723 -10.0%
33 AVGO 0.52% 14,204 $4M $275.64 $2M +12 +0.1%
34 EPD 0.47% 115,985 $4M $31.01 $400K +22,354 +23.9%
35 ET 0.45% 188,309 $3M $18.13 $30K +6,262 +3.4%
36 VTI 0.44% 10,887 $3M $303.92 $317K
37 RODM 0.42% 93,616 $3M $34.10 $282K -306 -0.3%
38 JPST 0.42% 62,870 $3M $50.68 -$768K -15,232 -19.5%
39 BSV 0.41% 39,498 $3M $78.70 -$517K -6,810 -14.7%
40 SCHE 0.33% 82,254 $2M $30.14 $175K -1,323 -1.6%
41 SCHF 0.29% 100,163 $2M $22.10 $155K -3,918 -3.8%
42 XOM 0.28% 19,796 $2M $107.80 -$216K +40 +0.2%
43 PEP 0.28% 16,103 $2M $132.04 -$534K -1,639 -9.2%
44 PLTR 0.24% 13,487 $2M $136.32 $692K -100 -0.7%
45 TSLA 0.24% 5,757 $2M $317.66 $323K -54 -0.9%
46 JPM 0.23% 6,064 $2M $289.91 -$266K -2,189 -26.5%
47 MPLX 0.23% 33,676 $2M $51.51 -$3K +1,200 +3.7%
48 BIL 0.22% 18,326 $2M $91.73 $313K +3,415 +22.9%
49 IEFA 0.22% 19,528 $2M $83.48 $157K +48 +0.2%
50 IBM 0.20% 5,049 $1M $294.79 $381K +596 +13.4%
51 SSB 0.20% 16,149 $1M $92.03 -$29K -177 -1.1%
52 GOOGL 0.20% 8,383 $1M $176.22 -$425K -3,920 -31.9%
53 SCHW 0.19% 16,000 $1M $91.24 $209K +17 +0.1%
54 TPL 0.19% 1,350 $1M $1,056.39 -$364K -1 -0.1%
55 MA 0.19% 2,506 $1M $561.98 $24K -20 -0.8%
56 NFLX 0.18% 1,018 $1M $1,339.13 $368K -49 -4.6%
57 META 0.17% 1,783 $1M $737.90 $180K -187 -9.5%
58 BSM 0.16% 91,882 $1M $13.08 -$198K +220 +0.2%
59 JEPI 0.16% 20,701 $1M $56.85 -$2K +66 +0.3%
60 TSM 0.15% 5,023 $1M $226.49 $227K -462 -8.4%
61 FNDA 0.14% 36,751 $1M $28.65 $48K +50 +0.1%
62 OKE 0.14% 12,742 $1M $81.63 -$249K -253 -1.9%
63 WMT 0.13% 9,751 $953K $97.78 -$35K -1,512 -13.4%
64 DMLP 0.13% 34,191 $953K $27.86 -$76K +7 +0.0%
65 CRWD 0.13% 1,862 $948K $509.31 $310K +51 +2.8%
66 COST 0.12% 943 $933K $989.44 $80K +41 +4.5%
67 SPDW 0.12% 22,431 $908K $40.49 -$213K -8,367 -27.2%
68 PM 0.11% 4,691 $854K $182.11 $129K +125 +2.7%
69 JBI 0.11% 104,926 $854K $8.14 $97K -218 -0.2%
70 TQQQ 0.11% 10,125 $840K $83.00 $371K +1,925 +23.5%
71 BKNG 0.11% 139 $805K $5,789.24 $187K +5 +3.7%
72 GHC 0.10% 838 $793K $945.77 -$11K +2 +0.2%
73 GOOG 0.10% 4,424 $785K $177.41 $31K -398 -8.2%
74 LUV 0.10% 22,537 $731K $32.44 -$29K -105 -0.5%
75 BRK-A 0.10% 1 $729K $728,800.00 -$70K
76 GLD 0.10% 2,366 $721K $304.83 -$38K -268 -10.2%
77 IEMG 0.09% 11,721 $704K $60.03 $71K +1 +0.0%
78 JEPQ 0.09% 12,315 $670K $54.40 $35K +51 +0.4%
79 FNGG 0.09% 3,028 $647K $213.70 $244K
80 ESGU 0.08% 4,745 $642K $135.29 $65K +15 +0.3%
81 AGNCZ 0.08% 69,038 $634K $9.19 $100K +13,272 +23.8%
82 CSCO 0.08% 8,968 $622K $69.38 -$2K -1,147 -11.3%
83 HD 0.08% 1,693 $621K $366.63 $17K +45 +2.7%
84 CVX 0.08% 4,334 $621K $143.18 -$203K -590 -12.0%
85 JNJ 0.08% 3,874 $592K $152.76 -$180K -779 -16.7%
86 UBER 0.07% 6,042 $564K $93.30 $138K +200 +3.4%
87 MRK 0.07% 7,112 $563K $79.16 -$25K +560 +8.6%
88 NOC 0.07% 1,110 $555K $500.20 -$367K -691 -38.4%
89 IJH 0.07% 8,933 $554K $62.02 -$2M -38,615 -81.2%
90 SHY 0.07% 6,647 $551K $82.86 -$14K -184 -2.7%
91 ABBV 0.07% 2,965 $550K $185.61 -$46K +120 +4.2%
92 VOO 0.07% 947 $538K $568.33 -$33K -164 -14.8%
93 TXN 0.07% 2,581 $536K $207.64 -$359K -2,399 -48.2%
94 KO 0.07% 7,571 $536K $70.75 $5K +163 +2.2%
95 IGSB 0.07% 10,098 $533K $52.76 $328K +6,182 +157.9%
96 V 0.07% 1,469 $522K $355.08 -$126K -379 -20.5%
97 IVW 0.07% 4,724 $520K $110.10 $82K +4 +0.1%
98 AMGN 0.07% 1,861 $520K $279.28 -$297K -760 -29.0%
99 CAVA 0.07% 6,085 $513K $84.23 -$23K -109 -1.8%
100 CRWV 0.06% 3,000 $489K $163.06 +3,000 NEW

New Positions

SymbolValue% Port
SCHG $8M 1.12%
CRWV $489K 0.06%
SRLN $477K 0.06%
ORCL $319K 0.04%
MSTR $250K 0.03%
SMH $247K 0.03%
PPA $236K 0.03%
OKLO $234K 0.03%
MU $232K 0.03%
VZ $228K 0.03%
IGV $223K 0.03%
CRBN $221K 0.03%
EMXC $217K 0.03%
BA $210K 0.03%
PRT $119K 0.02%

Sold Out Positions

SymbolValue% Port
AMP —%
APD —%
LXP —%
SYK —%
CABO —%
ITW —%
TMO —%
EMR —%
UNH —%
LULU —%
ADBE —%
ESGD —%
SPEM —%
VB —%
VEA —%
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