— Know what they know.
Not Investment Advice
Hedge Fund ← All Institutions

HOWARD FINANCIAL SERVICES, LTD.

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

Q3 2025 · Filed 2025-10-23
Market Value
$812M
+7.3%
Holdings
196
+1
New Purchases
21
Added To
94
Closed
5
Reduced
49
Top 10 Concentration
52.7%
Turnover
13.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SCHG 2.06% 1.12% +0.94% $17M
AAPL 4.15% 3.59% +0.56% $34M
NVDA 1.80% 1.63% +0.18% $15M
RDVY 1.90% 1.76% +0.14% $15M
VNOM 0.11% 0.00% +0.11% $932K
QUAL 12.10% 12.00% +0.10% $98M
AVGO 0.62% 0.52% +0.10% $5M
TSLA 0.31% 0.24% +0.07% $3M
GOOGL 0.27% 0.20% +0.07% $2M
SBR 0.66% 0.60% +0.07% $5M
VPLS 0.07% 0.00% +0.07% $529K
PLTR 0.30% 0.24% +0.06% $2M
DGRW 3.74% 3.70% +0.05% $30M
TPYP 0.04% 0.00% +0.04% $357K
T 0.04% 0.00% +0.04% $347K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SCHD 6.69% 7.11% -0.42% $54M
CMG 0.45% 0.69% -0.24% $4M
CALF 1.29% 1.52% -0.23% $10M
TOTL 2.59% 2.79% -0.19% $21M
RSP 4.59% 4.77% -0.18% $37M
FIXD 0.57% 0.75% -0.18% $5M
GTO 4.24% 4.41% -0.17% $34M
HTRB 3.80% 3.96% -0.17% $31M
VIGI 1.87% 2.03% -0.16% $15M
PTRB 3.52% 3.67% -0.15% $29M
IQLT 2.39% 2.52% -0.12% $19M
FPE 0.83% 0.93% -0.11% $7M
SJNK 2.74% 2.83% -0.10% $22M
SPGP 4.83% 4.92% -0.10% $39M
FNGG 0.00% 0.09% -0.09% $0

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 53 $149M 18.3%
Large Cap 89 $398M 49.0%
Mid Cap 28 $221M 27.2%
Small Cap 16 $42M 5.2%
Micro Cap 10 $2M 0.2%

Portfolio Analytics

Avg Market Cap
$312.4B
Median Market Cap
$69.3B
Avg P/E
33.1
Median P/E
24.3
Avg Dividend Yield
0.02%
Avg Beta
0.95
# Stocks
113
# ETFs / Funds
83

Top Holdings (196 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 QUAL 12.10% 505,170 $98M $194.50 $7M +8,224 +1.6%
2 SCHD 6.69% 1,990,249 $54M $27.30 $484K -41,824 -2.1%
3 VIG 5.01% 188,677 $41M $215.79 $3M +3,950 +2.1%
4 SPGP 4.83% 344,943 $39M $113.62 $2M -1,235 -0.4%
5 RSP 4.59% 196,402 $37M $189.70 $1M -2,343 -1.2%
6 GTO 4.24% 724,927 $34M $47.51 $1M +13,200 +1.9%
7 AAPL 4.15% 132,253 $34M $254.63 $6M -267 -0.2%
8 HTRB 3.80% 899,040 $31M $34.29 $824K +13,179 +1.5%
9 DGRW 3.74% 341,850 $30M $88.96 $2M +7,471 +2.2%
10 PTRB 3.52% 677,420 $29M $42.20 $776K +12,571 +1.9%
11 SJNK 2.74% 868,000 $22M $25.60 $758K +25,651 +3.0%
12 TOTL 2.59% 519,430 $21M $40.57 -$42K -6,992 -1.3%
13 IQLT 2.39% 440,223 $19M $44.19 $377K -1,162 -0.3%
14 ANGL 2.15% 587,331 $17M $29.73 $1M +34,451 +6.2%
15 SCHG 2.06% 524,856 $17M $31.91 $8M +234,959 +81.0%
16 FNDF 2.00% 378,674 $16M $42.96 $1M +2,423 +0.6%
17 SPY 1.96% 23,873 $16M $666.19 $1M +23 +0.1%
18 RDVY 1.90% 228,966 $15M $67.26 $2M +16,742 +7.9%
19 VIGI 1.87% 169,310 $15M $89.57 -$222K -1,431 -0.8%
20 NVDA 1.80% 78,515 $15M $186.58 $2M +522 +0.7%
21 XSOE 1.41% 301,603 $11M $37.94 $948K -2,763 -0.9%
22 MSFT 1.37% 21,560 $11M $517.96 $697K +510 +2.4%
23 CALF 1.29% 238,585 $10M $43.78 -$1M -50,480 -17.5%
24 QQQ 1.29% 17,387 $10M $600.38 $843K -8 -0.1%
25 MOAT 1.03% 84,825 $8M $99.11 $313K -1,470 -1.7%
26 BRK-B 0.89% 14,308 $7M $502.74 $390K +304 +2.2%
27 FPE 0.83% 367,399 $7M $18.24 -$371K -29,927 -7.5%
28 AMZN 0.74% 27,464 $6M $219.57 $81K +348 +1.3%
29 SBR 0.66% 67,940 $5M $79.45 $892K +126 +0.2%
30 AVGO 0.62% 15,162 $5M $329.92 $1M +958 +6.7%
31 FIXD 0.57% 104,636 $5M $44.42 -$1M -24,407 -18.9%
32 IVV 0.54% 6,539 $4M $669.29 $328K +19 +0.3%
33 EPD 0.45% 117,443 $4M $31.27 $76K +1,458 +1.3%
34 CMG 0.45% 93,310 $4M $39.19 -$2M -190 -0.2%
35 VTI 0.44% 10,909 $4M $328.16 $271K +22 +0.2%
36 RODM 0.41% 92,806 $3M $35.53 $105K -810 -0.9%
37 ET 0.40% 187,552 $3M $17.16 -$196K -757 -0.4%
38 JPST 0.39% 62,873 $3M $50.73 $3K +3
39 BSV 0.37% 37,982 $3M $78.91 -$111K -1,516 -3.8%
40 SCHE 0.33% 80,923 $3M $33.37 $221K -1,331 -1.6%
41 TSLA 0.31% 5,732 $3M $444.72 $720K -25 -0.4%
42 PLTR 0.30% 13,456 $2M $182.42 $616K -31 -0.2%
43 SCHF 0.29% 100,953 $2M $23.28 $137K +790 +0.8%
44 PEP 0.27% 15,838 $2M $140.44 $98K -265 -1.6%
45 XOM 0.27% 19,592 $2M $112.75 $75K -204 -1.0%
46 GOOGL 0.27% 8,926 $2M $243.09 $693K +543 +6.5%
47 JPM 0.24% 6,138 $2M $315.43 $178K +74 +1.2%
48 IEFA 0.21% 19,522 $2M $87.31 $74K -6 -0.0%
49 MPLX 0.21% 33,844 $2M $49.95 -$44K +168 +0.5%
50 BIL 0.21% 18,283 $2M $91.75 -$4K -43 -0.2%
51 SSB 0.20% 16,149 $2M $98.87 $110K
52 SCHW 0.19% 16,045 $2M $95.47 $72K +45 +0.3%
53 MA 0.18% 2,537 $1M $568.73 $35K +31 +1.2%
54 TSM 0.17% 5,088 $1M $279.29 $283K +65 +1.3%
55 TPL 0.16% 1,350 $1M $933.64 -$166K
56 IBM 0.15% 4,417 $1M $282.14 -$242K -632 -12.5%
57 NFLX 0.15% 1,029 $1M $1,198.92 -$130K +11 +1.1%
58 BSM 0.15% 92,079 $1M $13.14 $8K +197 +0.2%
59 JEPI 0.15% 20,757 $1M $57.10 $8K +56 +0.3%
60 FNDA 0.14% 36,819 $1M $31.16 $94K +68 +0.2%
61 GOOG 0.13% 4,441 $1M $243.56 $297K +17 +0.4%
62 META 0.13% 1,455 $1M $734.19 -$247K -328 -18.4%
63 TQQQ 0.13% 10,125 $1M $103.40 $207K
64 JBI 0.13% 104,926 $1M $9.87 $182K
65 WMT 0.13% 10,044 $1M $103.06 $82K +293 +3.0%
66 DMLP 0.12% 38,198 $989K $25.89 $36K +4,007 +11.7%
67 GHC 0.12% 839 $988K $1,177.59 $195K +1 +0.1%
68 OKE 0.12% 13,530 $987K $72.97 -$53K +788 +6.2%
69 SPDW 0.12% 22,431 $960K $42.79 $52K
70 VNOM 0.11% 24,380 $932K $38.22 +24,380 NEW
71 CRWD 0.11% 1,845 $905K $490.38 -$44K -17 -0.9%
72 COST 0.11% 946 $876K $925.57 -$57K +3 +0.3%
73 GLD 0.10% 2,306 $820K $355.47 $98K -60 -2.5%
74 PM 0.10% 4,781 $776K $162.21 -$79K +90 +1.9%
75 IEMG 0.10% 11,720 $773K $65.92 $69K -1 -0.0%
76 JNJ 0.09% 4,071 $755K $185.43 $163K +197 +5.1%
77 BRK-A 0.09% 1 $754K $754,200.00 $25K
78 IGSB 0.09% 14,173 $752K $53.03 $219K +4,075 +40.4%
79 BKNG 0.09% 138 $745K $5,399.27 -$60K -1 -0.7%
80 CVX 0.09% 4,760 $739K $155.29 $119K +426 +9.8%
81 LUV 0.09% 22,601 $721K $31.91 -$10K +64 +0.3%
82 HD 0.09% 1,773 $719K $405.30 $98K +80 +4.7%
83 JEPQ 0.09% 12,353 $711K $57.52 $41K +38 +0.3%
84 ABBV 0.09% 3,038 $703K $231.56 $153K +73 +2.5%
85 AGNCZ 0.09% 70,896 $694K $9.79 $60K +1,858 +2.7%
86 ESGU 0.09% 4,756 $692K $145.60 $51K +11 +0.2%
87 NOC 0.08% 1,127 $687K $609.32 $131K +17 +1.5%
88 CSCO 0.08% 9,042 $619K $68.42 -$4K +74 +0.8%
89 VOO 0.08% 999 $612K $612.19 $73K +52 +5.5%
90 MRK 0.07% 7,107 $597K $83.93 $34K -5 -0.1%
91 UBER 0.07% 6,072 $595K $97.97 $31K +30 +0.5%
92 IJH 0.07% 8,952 $584K $65.26 $30K +19 +0.2%
93 INTC 0.07% 17,055 $572K $33.55 $175K -670 -3.8%
94 IVW 0.07% 4,729 $571K $120.71 $51K +5 +0.1%
95 MS 0.07% 3,521 $560K $158.96 $158K +668 +23.4%
96 BX 0.07% 3,175 $542K $170.85 $254K +1,244 +64.4%
97 NSC 0.07% 1,799 $540K $300.41 $80K
98 VPLS 0.07% 6,727 $529K $78.63 +6,727 NEW
99 V 0.06% 1,515 $517K $341.47 -$4K +46 +3.1%
100 MO 0.06% 7,829 $517K $66.06 $67K +151 +2.0%

New Positions

SymbolValue% Port
VNOM $932K 0.11%
VPLS $529K 0.07%
TPYP $357K 0.04%
T $347K 0.04%
DELL $266K 0.03%
ETN $246K 0.03%
AEM $244K 0.03%
TMO $242K 0.03%
CAT $238K 0.03%
SLV $237K 0.03%
XLF $231K 0.03%
LMT $216K 0.03%
VST $213K 0.03%
UNH $212K 0.03%
RTX $212K 0.03%

Sold Out Positions

SymbolValue% Port
EAT —%
EZPW —%
BFST —%
SRLN —%
FNGG —%
View SEC EDGAR Filings for HOWARD FINANCIAL SERVICES, LTD. →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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