HOWARD FINANCIAL SERVICES, LTD.
Long book
$887.9M
Q1 2026
Positions
222
Top-10 weight
50%
concentration
Last quarter
+10.0%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsHOWARD FINANCIAL SERVICES, LTD. is a wealth-management firm allocating client money, running a $887.9M US long book across 222 positions.
The portfolio is moderately concentrated (top 10 ≈ 50% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES MSCI USA QUALITY FAC, SCHWAB US DVD EQUITY ETF, VANGUARD DIVIDEND APPREC ETF, INVESCO S&P 500 EQUAL WEIGHT, INVESCO S&P 500 GARP ETF.
Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.8%
Q2 2024
+6.3%
Q3 2024
-0.8%
Q4 2024
-1.3%
Q1 2025
+5.4%
Q2 2025
+6.0%
Q3 2025
+2.0%
Q4 2025
-0.8%
Q1 2026
+10.0%
Sector allocation
Technology 46%
Financials 13%
Consumer discretionary 8%
Energy 7%
Industrials 7%
Utilities 7%
Healthcare 4%
Consumer staples 3%
Long book by quarter
What does HOWARD FINANCIAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 137.5K | $34.9M | 3.9% | +5.6% |
| NVDA NVIDIA CORP | Technology | 83.4K | $14.5M | 1.6% | +6.5% |
| MSFT MICROSOFT CORP | Technology | 25.7K | $9.5M | 1.1% | +12.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 15.3K | $7.3M | 0.8% | +4.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 32.8K | $6.8M | 0.8% | +11.3% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 133.8K | $5.1M | 0.6% | +12.1% |
| AVGO BROADCOM INC | Technology | 16.2K | $5.0M | 0.6% | +5.8% |
| GOOGL ALPHABET INC-CL A | Technology | 14.8K | $4.3M | 0.5% | +36.5% |
| ET ENERGY TRANSFER LP | Utilities | 197.2K | $3.8M | 0.4% | +4.8% |
| XOM EXXON MOBIL CORP | Energy | 20.1K | $3.4M | 0.4% | -0.8% |
| CMG CHIPOTLE MEXICAN GRILL INC | Consumer discretionary | 93.9K | $3.0M | 0.3% | +0.6% |
| MPLX MPLX LP | Energy | 45.6K | $2.6M | 0.3% | +1.9% |
| PEP PEPSICO INC | Consumer staples | 15.6K | $2.4M | 0.3% | -0.5% |
| UAMY UNITED STATES ANTIMONY CORP | Industrials | 248.0K | $2.2M | 0.2% | New |
| JPM JPMORGAN CHASE & CO | Financials | 7.2K | $2.1M | 0.2% | +14.7% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 13.8K | $2.0M | 0.2% | +1.0% |
| TPL TEXAS PACIFIC LAND CORP | Financials | 4.1K | $1.9M | 0.2% | +0.6% |
| TSLA TESLA INC | Industrials | 4.9K | $1.8M | 0.2% | -20.6% |
| GOOG ALPHABET INC-CL C | Technology | 6.1K | $1.8M | 0.2% | +15.1% |
| WMT WALMART INC | Consumer discretionary | 13.8K | $1.7M | 0.2% | +24.2% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 17.5K | $1.6M | 0.2% | +0.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 6.2K | $1.5M | 0.2% | +37.0% |
| SSB SOUTHSTATE BANK CORP | Financials | 16.1K | $1.5M | 0.2% | Held |
| VNOM VIPER ENERGY INC-CL A | Energy | 31.7K | $1.5M | 0.2% | +0.2% |
| META META PLATFORMS INC-CLASS A | Technology | 2.6K | $1.5M | 0.2% | +48.7% |
| DMLP DORCHESTER MINERALS LP | Energy | 51.6K | $1.4M | 0.2% | +1.3% |
| BSM BLACK STONE MINERALS LP | Energy | 92.2K | $1.4M | 0.2% | +0.2% |
| MA MASTERCARD INC - A | Services media | 2.6K | $1.3M | 0.1% | -2.7% |
| OKE ONEOK INC | Utilities | 14.1K | $1.3M | 0.1% | +12.3% |
| GEV GE VERNOVA INC | Industrials | 1.4K | $1.2M | 0.1% | -12.6% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 4.8K | $1.2M | 0.1% | +4.4% |
| HBAN HUNTINGTON BANCSHARES INC | Financials | 73.0K | $1.1M | 0.1% | New |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.1K | $1.1M | 0.1% | +21.1% |
| NBHC NATIONAL BANK HOLD-CL A | Financials | 28.2K | $1.1M | 0.1% | New |
| NFLX NETFLIX INC | Services media | 11.5K | $1.1M | 0.1% | +8.5% |
| LLY ELI LILLY & CO | Healthcare | 1.2K | $1.1M | 0.1% | +29.4% |
| CVX CHEVRON CORP | Energy | 5.2K | $1.1M | 0.1% | +17.9% |
| MRK MERCK & CO. INC. | Healthcare | 8.5K | $1.0M | 0.1% | +8.5% |
| GE GENERAL ELECTRIC | Industrials | 3.5K | $986K | 0.1% | -19.7% |
| KO COCA-COLA CO/THE | Consumer staples | 12.1K | $917K | 0.1% | +44.7% |
| ABBV ABBVIE INC | Healthcare | 4.2K | $909K | 0.1% | +28.7% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 5.5K | $902K | 0.1% | +9.2% |
| GHC GRAHAM HOLDINGS CO-CLASS B | Services media | 842 | $890K | 0.1% | +0.1% |
| CSCO CISCO SYSTEMS INC | Technology | 11.4K | $885K | 0.1% | +7.0% |
| LUV SOUTHWEST AIRLINES CO | Industrials | 22.9K | $861K | 0.1% | +0.8% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 2.2K | $850K | 0.1% | +15.5% |
| V VISA INC-CLASS A SHARES | Services media | 2.8K | $836K | 0.1% | +49.5% |
| NOC NORTHROP GRUMMAN CORP | Technology | 1.2K | $798K | 0.1% | +2.4% |
| BAC BANK OF AMERICA CORP | Financials | 16.1K | $782K | 0.1% | +71.0% |
| MU MICRON TECHNOLOGY INC | Technology | 2.3K | $761K | 0.1% | +6.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 7, 2026 | 223 | $888.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 12, 2026 | 205 | $855.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 23, 2025 | 199 | $817.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 2, 2025 | 183 | $760.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 7, 2025 | 183 | $734.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 15, 2025 | 186 | $735.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 8, 2024 | 168 | $692.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 12, 2024 | 156 | $610.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 16, 2024 | 161 | $580.5M | canonical | SEC ↗ |