HF
Howard Financial Services, LTD. 13F Holdings (269 Positions, Q2 2026)
Howard Financial Services, LTD.CIK: 0001768130
Diversified strategyMomentum followerSector-focused
Total reported value
$1.0B
Reporting period: 2026-06-30 · Number of holdings: 269
HOWARD FINANCIAL SERVICES, LTD. disclosed 269 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.0B and a quarterly turnover rate of 15.6%.
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Personality snowflake
- Concentration
- 13.87
- Portfolio Stability
- 15.62
- Momentum
- 100
- Sector conviction
- 83.58
- Diversification
- 100
- Sizing Uniformity
- 71.15
Howard Financial Services, LTD.'s disclosed holdings carry a Herfindahl concentration index of 0.035 — mathematically equivalent to about 29 equally-sized positions, well below its 269 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.88), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 21% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim SCHD
+0.4% $2.3M
Trim JPST
-31.9% -$3.6M
Trim TOTL
-8.2% -$1.9M
Add SCHG
+14.5% $6.9M
Trim SJNK
-10.0% -$1.8M
Add QUAL
+2.1% $16.2M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 269 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 11.25% | +0.39% | +2.13% | |
| 2 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 6.19% | -0.53% | +0.43% | |
| 3 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 4.74% | -0.12% | -0.02% | |
| 4 | AAPL | Apple Inc | Stock-Tech | 4.01% | +0.08% | +0.84% | |
| 5 | SPGP | Invesco S&p 500 Garp ETF | ETF-Large Cap & Growth | 4.00% | -0.13% | -3.79% | |
| 6 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 3.98% | -0.18% | -2.55% | |
| 7 | DGRW | Wisdomtree U.s. Quality Divi | ETF-Other | 3.81% | +0.10% | +6.19% | |
| 8 | GTO | Invesco Total Return Bond Et | ETF-Other | 3.74% | -0.31% | +4.04% | |
| 9 | HTRB | Hartford Ttl Rtrn Bnd ETF | ETF-Other | 3.42% | -0.33% | +2.86% | |
| 10 | PTRB | Pgim Total Return Bond ETF | ETF-Other | 3.24% | -0.40% | +0.25% | |
| 11 | SCHG | Schwab US Large-cap Growth | ETF-Other | 2.76% | +0.42% | +14.55% | |
| 12 | IQLT | Ishares Msci International Q | ETF-Other | 2.56% | +0.08% | +8.50% | |
| 13 | RDVY | First Trust Rising Dividend | ETF-Other | 2.43% | +0.21% | +4.01% | |
| 14 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-Other | 2.38% | +0.09% | +8.74% | |
| 15 | ANGL | Vaneck Fallen Angel High Yld | ETF-Other | 2.02% | -0.14% | +3.21% | |
| 16 | TOTL | Ss Doubleline Tr Tact ETF | ETF-Other | 1.94% | -0.46% | -8.17% | |
| 17 | VIGI | Vanguard Int Div App Indx Fd | ETF-Other | 1.84% | -0.02% | +5.85% | |
| 18 | XSOE | Wisdmtree Emerg Mkt Ex-st Ow | ETF-Other | 1.83% | +0.31% | +10.65% | |
| 19 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.77% | +0.03% | +0.29% | |
| 20 | SJNK | Ss Spdr Bb St Hi Yield ETF | ETF-Other | 1.67% | -0.42% | -9.97% | |
| 21 | NVDA | Nvidia CORP | Stock-Tech | 1.64% | — | -1.57% | |
| 22 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.22% | +0.08% | -4.75% | |
| 23 | MOAT | Vaneck Morningstar Wide Moat | ETF-Other | 1.01% | -0.16% | -8.78% | |
| 24 | VPLS | Vanguard Core-plus Bond ETF | ETF-Other | 0.97% | +0.21% | +45.02% | |
| 25 | MSFT | Microsoft CORP | Stock-Tech | 0.94% | -0.13% | -1.80% | |
| 26 | CALF | Pcr US Sm Cp Csh Cws Etf-usd | ETF-Other | 0.88% | -0.03% | -3.68% | |
| 27 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.88% | +0.11% | +12.17% | |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.76% | -0.06% | -0.29% | |
| 29 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 0.76% | -0.50% | -31.91% | |
| 30 | AVGO | Broadcom Inc | Stock-Tech | 0.69% | +0.13% | +13.37% | |
| 31 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.63% | +0.15% | +19.78% | |
| 32 | FPE | Ft-preferred Secur & Inc ETF | ETF-Other | 0.61% | -0.10% | -3.55% | |
| 33 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.55% | +0.04% | +6.29% | |
| 34 | EPD | Enterprise Products Partners | Stock-Energy | 0.51% | -0.06% | +4.24% | |
| 35 | SBR | Sabine Royalty Trust | Stock-Other | 0.50% | -0.07% | +0.15% | |
| 36 | INTC | Intel CORP | Stock-Tech | 0.42% | +0.37% | +216.72% | |
| 37 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.41% | +0.01% | +0.25% | |
| 38 | ET | Energy Transfer LP | Stock-Energy | 0.38% | -0.05% | +2.20% | |
| 39 | RODM | Hartford Multifact Dev Mrkt | ETF-Other | 0.36% | -0.03% | +0.89% | |
| 40 | CMG | Chipotle Mexican Grill Inc | Stock-Consumer Disc | 0.32% | -0.02% | -0.42% | |
| 41 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.31% | +0.07% | +3.67% | |
| 42 | SCHE | Schwab Emrg Mrkts Eqty ETF | ETF-Other | 0.29% | -0.01% | -0.65% | |
| 43 | XOM | Exxon Mobil CORP | Stock-Energy | 0.29% | -0.09% | +5.85% | |
| 44 | MPLX | Mplx LP | Stock-Energy | 0.27% | -0.02% | +6.23% | |
| 45 | GEV | GE Vernova Inc | Stock-Industrials | 0.26% | +0.13% | +63.41% | |
| 46 | MU | Micron Technology Inc | Stock-Tech | 0.26% | +0.17% | +0.18% | |
| 47 | SCHF | Schwab Intl Equity ETF | ETF-Other | 0.25% | -0.03% | -9.28% | |
| 48 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.25% | +0.01% | +7.70% | |
| 49 | FIXD | First Trust Smith Opportunis | ETF-Other | 0.25% | -0.04% | -4.38% | |
| 50 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-Other | 0.23% | -0.01% | +6.93% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+3.1%
Performance Last 4 Quarters
+17.6%
- Stdev
- +41.3%
- Beta
- -1.45
- Alpha
- +6%
- Max Drawdown
- -81.6%
- Annualized Perf
- -27.9%
- Batting Avg vs S&P
- +41.7%
- Sortino
- -0.64
- Stutzer
- -0.17
- Treynor
- +0.16
- Sterling
- -0.69
- Calmar
- -0.34
- Information Ratio
- -0.88
- Tracking Error
- +48.6%
- Stdev Down
- +35.9%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +22.7%
- Worst 12 Months
- -79.8%
- Efficiency Ratio
- +0.23
- Sharpe
- -0.55
- Stdev Sectors
- +13.1%
- Skewness
- -0.96
- Kurtosis
- +1.53
- Upside Potential
- +0.96
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 269 | $1.0B | 16 | ||
| 2026 Q1 | 223 | $888.0M | 10 | ||
| 2025 Q4 | 205 | $855.1M | 8 | ||
| 2025 Q3 | 199 | $817.3M | 18 | ||
| 2025 Q2 | 183 | $760.7M | 0 | ||
| 2025 Q1 | 183 | $734.4M | 100 | ||
| 2024 Q4 | 186 | $735.1M | 0 | ||
| 2024 Q3 | 168 | $692.5M | 0 | ||
| 2024 Q2 | 156 | $610.2M | 0 | ||
| 2024 Q1 | 161 | $580.5M | 0 | ||
| 2023 Q4 | 156 | $518.7M | 0 | ||
| 2023 Q3 | 150 | $436.2M | 0 | ||
| 2023 Q2 | 147 | $419.1M | 0 | ||
| 2023 Q1 | 145 | $410.5M | 0 | ||
| 2022 Q4 | 141 | $380.7M | 0 | ||
| 2022 Q3 | 130 | $308.5M | 0 | ||
| 2022 Q2 | 123 | $294.5M | 0 | ||
| 2022 Q1 | 138 | $337.6M | 0 | ||
| 2021 Q4 | 134 | $333.4M | 0 | ||
| 2021 Q3 | 126 | $266.7M | 0 | ||
| 2021 Q2 | 125 | $255.2M | 100 | ||
| 2021 Q1 | 124 | $222.6M | 22 | ||
| 2020 Q4 | 112 | $189.8M | 26 | ||
| 2020 Q3 | 121 | $154.7M | 20 | ||
| 2020 Q2 | 114 | $140.8M | 41 | ||
| 2020 Q1 | 105 | $113.0M | 52 | ||
| 2019 Q4 | 120 | $162.7M | 17 | ||
| 2019 Q3 | 115 | $151.1M | 13 | ||
| 2019 Q2 | 112 | $146.3M | 13 | ||
| 2019 Q1 | 112 | $141.0M | 27 | ||
| 2018 Q4 | 96 | $130.2M | — |
Holding changes this quarter
Howard Financial Services, LTD.'s most significant position changes for 2026-06-30: New buy: Roundhill Gen Ai & Tech ETF (CHAT); New buy: Ishares Semiconductor ETF (SOXX); Sold out: Proshares Ultrapro Qqq (TQQQ); New buy: Fidelity Msci Info Tech Indx (FTEC); New buy: Invesco Ai And Next Gen Soft (IGPT).
Showing top 200 changes by size (of 278 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SCHG | Schwab US Large-cap Growth | +0.4% | +14.55% | Add |
| 2 | QUAL | Ishares Msci USA Quality Fac | +0.4% | +2.13% | Add |
| 3 | INTC | Intel CORP | +0.4% | +216.72% | Add |
| 4 | XSOE | Wisdmtree Emerg Mkt Ex-st Ow | +0.3% | +10.65% | Add |
| 5 | RDVY | First Trust Rising Dividend | +0.2% | +4.01% | Add |
| 6 | VPLS | Vanguard Core-plus Bond ETF | +0.2% | +45.02% | Add |
| 7 | MU | Micron Technology Inc | +0.2% | +0.18% | Add |
| 8 | GOOGL | Alphabet Inc-cl A | +0.2% | +19.78% | Add |
| 9 | AVGO | Broadcom Inc | +0.1% | +13.37% | Add |
| 10 | GEV | GE Vernova Inc | +0.1% | +63.41% | Add |
| 11 | MRVL | Marvell Technology Inc | +0.1% | +11.71% | Add |
| 12 | CHAT | Roundhill Gen Ai & Tech ETF | +0.1% | NEW | New buy |
| 13 | AMZN | Amazon.com Inc | +0.1% | +12.17% | Add |
| 14 | DGRW | Wisdomtree U.s. Quality Divi | +0.1% | +6.19% | Add |
| 15 | FNDF | Schwab Fndmn Intl Lrg Co ETF | +0.1% | +8.74% | Add |
| 16 | PANW | Palo Alto Networks Inc | +0.1% | +58.51% | Add |
| 17 | SOXX | Ishares Semiconductor ETF | +0.1% | NEW | New buy |
| 18 | AAPL | Apple Inc | +0.1% | +0.84% | Add |
| 19 | IQLT | Ishares Msci International Q | +0.1% | +8.50% | Add |
| 20 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | -4.75% | Trim |
| 21 | LLY | Eli Lilly & Co | +0.1% | +42.99% | Add |
| 22 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +3.67% | Add |
| 23 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +3.58% | Add |
| 24 | AMD | Advanced Micro Devices | +0.1% | +19.13% | Add |
| 25 | VOO | Vanguard S&p 500 ETF | +0.1% | +99.36% | Add |
| 26 | FTEC | Fidelity Msci Info Tech Indx | +0.1% | NEW | New buy |
| 27 | IGPT | Invesco Ai And Next Gen Soft | +0.1% | NEW | New buy |
| 28 | SMH | Vaneck Semiconductor ETF | +0.1% | +8.83% | Add |
| 29 | CSCO | Cisco Systems Inc | +0.1% | +9.07% | Add |
| 30 | IQM | Franklin Intelligent Machine | +0.1% | NEW | New buy |
| 31 | IVV | Ishares Core S&p 500 ETF | 0% | +6.29% | Add |
| 32 | GE | General Electric | 0% | +12.09% | Add |
| 33 | KMB | Kimberly-clark CORP | 0% | +129.33% | Add |
| 34 | KLAC | Kla CORP | 0% | NEW | New buy |
| 35 | AZN | AstraZeneca PLC | 0% | NEW | New buy |
| 36 | DUK | Duke Energy CORP | 0% | NEW | New buy |
| 37 | USMV | Ishares Msci USA Min Vol Fac | 0% | NEW | New buy |
| 38 | DGRO | Ishares Core Dividend Growth | 0% | NEW | New buy |
| 39 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +0.29% | Add |
| 40 | ABBV | Abbvie Inc | 0% | +24.71% | Add |
| 41 | EMR | Emerson Electric Co | 0% | +106.23% | Add |
| 42 | XLU | St Sr Utl Sl Se Spdr Etf-usd | 0% | NEW | New buy |
| 43 | DELL | Dell Technologies -c | 0% | -28.73% | Trim |
| 44 | SO | Southern Co/the | 0% | NEW | New buy |
| 45 | TXN | Texas Instruments Inc | 0% | +6.98% | Add |
| 46 | NOW | Servicenow Inc | 0% | NEW | New buy |
| 47 | WDC | Western Digital CORP | 0% | NEW | New buy |
| 48 | AMAT | Applied Materials Inc | 0% | -2.66% | Trim |
| 49 | DHI | Dr Horton Inc | 0% | NEW | New buy |
| 50 | LRCX | Lam Research CORP | 0% | — | Unchanged |
1–50 of 200
Filing History
FAQ
What is Howard Financial Services, LTD. and what type of investor is it?
Howard Financial Services, LTD. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.0B, spread across 269 disclosed positions.
What are Howard Financial Services, LTD.'s largest equity positions?
Based on the latest 13F filing, Howard Financial Services, LTD.'s top holdings by market value are:
1. Ishares Msci USA Quality Fac (QUAL) — $112.7M (11.3%)
2. Schwab US Dvd Equity ETF (SCHD) — $61.9M (6.2%)
3. Vanguard Dividend Apprec ETF (VIG) — $47.5M (4.7%)
4. Apple Inc (AAPL) — $40.1M (4.0%)
5. Invesco S&p 500 Garp ETF (SPGP) — $40.1M (4.0%)
What changes did Howard Financial Services, LTD. make in its most recent portfolio filing?
In the latest reported quarter, Howard Financial Services, LTD. made 189 notable position adjustments: 53 new positions were initiated, 90 existing holdings were added to, 36 positions were partially reduced, and 10 were completely exited. The largest of these moves: New buy: Roundhill Gen Ai & Tech ETF (CHAT); New buy: Ishares Semiconductor ETF (SOXX); Sold out: Proshares Ultrapro Qqq (TQQQ); New buy: Fidelity Msci Info Tech Indx (FTEC); New buy: Invesco Ai And Next Gen Soft (IGPT)
What sectors does Howard Financial Services, LTD. focus on?
Howard Financial Services, LTD. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 49.2%
• Energy: 10.7%
• Consumer Discretionary: 8.7%
• Financials: 7.7%
• Industrials: 5.8%
• Communication Services: 5.6%
Investment Profile
Howard Financial Services, LTD. returned an annualized -27.9% over the trailing 36 months — outperforming the S&P 500 by 6.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of -1.45 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 49.2% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 16 over the past 4 quarters — a shift toward more active trading.
It has added to its SCHD position over the past two quarters (+$8.3M, now $61.9M), while trimming SJNK over the same stretch (-$4.5M, still holding $16.8M).
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Developer Access
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