HF
Howard Financial Services, LTD. 13F Holdings (234 Positions, Q3 2026)
Howard Financial Services, LTD.CIK: 0001768130
Diversified strategyMomentum followerSector-focused
Total reported value
$954.3M
Reporting period: 2026-09-30 · Number of holdings: 234
HOWARD FINANCIAL SERVICES, LTD. disclosed 234 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $954.3M and a quarterly turnover rate of 9.0%.
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Personality snowflake
- Concentration
- 14.37
- Portfolio Stability
- 8.99
- Momentum
- 100
- Sector conviction
- 90.81
- Diversification
- 100
- Sizing Uniformity
- 72.73
Howard Financial Services, LTD.'s disclosed holdings carry a Herfindahl concentration index of 0.036 — mathematically equivalent to about 28 equally-sized positions, well below its 234 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 2.73), 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 19% 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 TOTL
-38.4% -$8.0M
Add VPLS
+86.8% $7.6M
Add AAPL
-30.4% $5.1M
Add MSFT
-1.0% $4.2M
Add SCHG
+9.0% $4.5M
New buy 30233Q108
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 234 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 11.32% | -0.16% | -5.31% | |
| 2 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 6.69% | +0.18% | +0.46% | |
| 3 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 4.72% | -0.17% | -3.67% | |
| 4 | SPGP | Invesco S&p 500 Garp ETF | ETF-Large Cap & Growth | 4.16% | -0.15% | +1.99% | |
| 5 | DGRW | Wisdomtree U.s. Quality Divi | ETF-Other | 3.97% | +0.03% | -2.32% | |
| 6 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 3.94% | -0.17% | -3.67% | |
| 7 | GTO | Invesco Total Return Bond Et | ETF-Other | 3.74% | -0.29% | +0.18% | |
| 8 | HTRB | Hartford Ttl Rtrn Bnd ETF | ETF-Other | 3.60% | -0.10% | +5.35% | |
| 9 | AAPL | Apple Inc | Stock-Tech | 3.37% | +0.45% | -30.36% | |
| 10 | SCHG | Schwab US Large-cap Growth | ETF-Other | 3.35% | +0.39% | +8.97% | |
| 11 | PTRB | Pgim Total Return Bond ETF | ETF-Other | 3.29% | -0.19% | +1.92% | |
| 12 | IQLT | Ishares Msci International Q | ETF-Other | 2.73% | -0.03% | +1.75% | |
| 13 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-Other | 2.59% | +0.03% | +2.08% | |
| 14 | RDVY | First Trust Rising Dividend | ETF-Other | 2.40% | -0.08% | -2.39% | |
| 15 | ANGL | Vaneck Fallen Angel High Yld | ETF-Other | 2.06% | -0.07% | +2.59% | |
| 16 | VIGI | Vanguard Int Div App Indx Fd | ETF-Other | 1.92% | -0.03% | -1.74% | |
| 17 | XSOE | Wisdmtree Emerg Mkt Ex-st Ow | ETF-Other | 1.89% | -0.08% | +3.55% | |
| 18 | SJNK | Ss Spdr Bb St Hi Yield ETF | ETF-Other | 1.88% | +0.12% | +10.15% | |
| 19 | VPLS | Vanguard Core-plus Bond ETF | ETF-Other | 1.82% | +0.77% | +86.81% | |
| 20 | NVDA | Nvidia CORP | Stock-Tech | 1.47% | +0.19% | -25.19% | |
| 21 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.36% | -0.01% | -28.63% | |
| 22 | MSFT | Microsoft CORP | Stock-Tech | 1.34% | +0.41% | -0.97% | |
| 23 | TOTL | Ss Doubleline Tr Tact ETF | ETF-Other | 1.19% | -0.90% | -38.42% | |
| 24 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.13% | -0.02% | -12.75% | |
| 25 | MOAT | Vaneck Morningstar Wide Moat | ETF-Other | 1.02% | +0.02% | -6.03% | |
| 26 | CALF | Pcr US Sm Cp Csh Cws Etf-usd | ETF-Other | 0.93% | — | -4.24% | |
| 27 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 0.78% | -0.03% | -1.42% | |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.74% | — | -7.02% | |
| 29 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.70% | +0.05% | +9.20% | |
| 30 | AVGO | Broadcom Inc | Stock-Tech | 0.65% | -0.03% | -3.35% | |
| 31 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.62% | +0.02% | -34.97% | |
| 32 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.59% | — | +0.11% | |
| 33 | FPE | Ft-preferred Secur & Inc ETF | ETF-Other | 0.59% | -0.07% | -3.94% | |
| 34 | EPD | Enterprise Products Partners | Stock-Energy | 0.53% | -0.02% | +1.25% | |
| 35 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.47% | +0.03% | +7.08% | |
| 36 | SBR | Sabine Royalty Trust | Stock-Other | 0.45% | -0.09% | -8.76% | |
| 37 | ET | Energy Transfer LP | Stock-Energy | 0.41% | — | -1.88% | |
| 38 | INTC | Intel CORP | Stock-Tech | 0.39% | -0.06% | +0.78% | |
| 39 | RODM | Hartford Multifact Dev Mrkt | ETF-Other | 0.38% | -0.01% | -1.16% | |
| 40 | ✓ | Stock-Other | 0.36% | +0.36% | NEW | ||
| 41 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-Other | 0.35% | +0.11% | +49.80% | |
| 42 | SCHE | Schwab Emrg Mrkts Eqty ETF | ETF-Other | 0.31% | -0.01% | -0.99% | |
| 43 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.31% | -0.01% | -0.76% | |
| 44 | MPLX | Mplx LP | Stock-Energy | 0.29% | — | +1.75% | |
| 45 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.29% | +0.12% | -11.04% | |
| 46 | MU | Micron Technology Inc | Stock-Tech | 0.28% | +0.01% | +10.68% | |
| 47 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.25% | +0.02% | -5.34% | |
| 48 | SCHF | Schwab Intl Equity ETF | ETF-Other | 0.25% | -0.01% | -4.87% | |
| 49 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.24% | +0.09% | +20.71% | |
| 50 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.22% | +0.03% | +2.27% |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
+1%
Performance Last 4 Quarters
+12%
- Stdev
- +20.4%
- Beta
- -0.27
- Alpha
- -9.8%
- Max Drawdown
- -41.3%
- Annualized Perf
- -16.6%
- Batting Avg vs S&P
- +38.9%
- Sortino
- -0.81
- Stutzer
- -0.25
- Treynor
- +0.6
- Sterling
- -0.62
- Calmar
- -0.4
- Information Ratio
- -1.51
- Tracking Error
- +25.4%
- Stdev Down
- +19.5%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +22.8%
- Worst 12 Months
- -53.9%
- Efficiency Ratio
- +0.31
- Sharpe
- -0.77
- Stdev Sectors
- +13.9%
- Skewness
- -2.03
- Kurtosis
- +4.43
- Upside Potential
- +0.74
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 234 | $954.3M | 9 | ||
| 2026 Q2 | 238 | $927.3M | 15 | ||
| 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 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); Sold out: Oneok Inc (OKE); New buy: ; New buy: Pgim Ultra Short Bond ETF (PULS).
Showing top 200 changes by size (of 252 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VPLS | Vanguard Core-plus Bond ETF | +0.8% | +86.81% | Add |
| 2 | AAPL | Apple Inc | +0.5% | -30.36% | Add |
| 3 | MSFT | Microsoft CORP | +0.4% | -0.97% | Add |
| 4 | SCHG | Schwab US Large-cap Growth | +0.4% | +8.97% | Add |
| 5 | ✓ | +0.4% | NEW | New buy | |
| 6 | NVDA | Nvidia CORP | +0.2% | -25.19% | Add |
| 7 | SCHD | Schwab US Dvd Equity ETF | +0.2% | +0.46% | Add |
| 8 | SJNK | Ss Spdr Bb St Hi Yield ETF | +0.1% | +10.15% | Add |
| 9 | ✓ | +0.1% | NEW | New buy | |
| 10 | PLTR | Palantir Technologies Inc-a | +0.1% | -11.04% | Add |
| 11 | IGSB | Ishares 1-5y Inv Grade CORP | +0.1% | +49.80% | Add |
| 12 | PULS | Pgim Ultra Short Bond ETF | +0.1% | NEW | New buy |
| 13 | META | Meta Platforms Inc-class A | +0.1% | +20.71% | Add |
| 14 | GOOGL | Alphabet Inc-cl A | +0.1% | +9.20% | Add |
| 15 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +114.51% | Add |
| 16 | ✓ | +0.1% | NEW | New buy | |
| 17 | ACN | Accenture plc | +0.1% | NEW | New buy |
| 18 | DGRW | Wisdomtree U.s. Quality Divi | 0% | -2.32% | Add |
| 19 | FNDF | Schwab Fndmn Intl Lrg Co ETF | 0% | +2.08% | Add |
| 20 | VTI | Vanguard Total Stock Mkt ETF | 0% | +7.08% | Add |
| 21 | MA | Mastercard Inc - A | 0% | +16.27% | Add |
| 22 | DIS | Walt Disney Co/the | 0% | NEW | New buy |
| 23 | PANW | Palo Alto Networks Inc | 0% | +4.55% | Add |
| 24 | JNJ | Johnson & Johnson | 0% | +2.27% | Add |
| 25 | MRK | Merck & Co. Inc. | 0% | +0.19% | Add |
| 26 | MOAT | Vaneck Morningstar Wide Moat | 0% | -6.03% | Add |
| 27 | AMZN | Amazon.com Inc | 0% | -34.97% | Add |
| 28 | CVX | Chevron CORP | 0% | +3.73% | Add |
| 29 | LLY | Eli Lilly & Co | 0% | +3.07% | Add |
| 30 | JPM | Jpmorgan Chase & Co | 0% | -5.34% | Add |
| 31 | AMD | Advanced Micro Devices | 0% | +17.02% | Add |
| 32 | CRCL | Circle Internet Group Inc | 0% | NEW | New buy |
| 33 | ETN | Eaton Corporation plc | 0% | NEW | New buy |
| 34 | LITE | Lumentum Holdings Inc | 0% | NEW | New buy |
| 35 | IGV | Ishares Expanded Tech-softwa | 0% | NEW | New buy |
| 36 | PRU | Prudential Financial Inc | 0% | NEW | New buy |
| 37 | VCSH | Vanguard S/t CORP Bond ETF | 0% | NEW | New buy |
| 38 | DE | Deere & Co | 0% | NEW | New buy |
| 39 | TMO | Thermo Fisher Scientific Inc | 0% | +23.06% | Add |
| 40 | NOW | Servicenow Inc | 0% | +13.02% | Add |
| 41 | CRM | Salesforce Inc | 0% | -25.31% | Add |
| 42 | AMGN | Amgen Inc | 0% | -3.90% | Add |
| 43 | KO | Coca-cola Co/the | 0% | +4.87% | Add |
| 44 | TSLA | Tesla Inc | 0% | -33.36% | Add |
| 45 | COP | Conocophillips | 0% | -5.31% | Add |
| 46 | BSV | Vanguard Short-term Bond ETF | 0% | +12.81% | Add |
| 47 | V | Visa Inc-class A Shares | 0% | +14.47% | Add |
| 48 | MU | Micron Technology Inc | 0% | +10.68% | Add |
| 49 | SCHW | Schwab (charles) CORP | 0% | -20.05% | Add |
| 50 | ABBV | Abbvie Inc | 0% | -13.53% | Add |
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 (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $954.3M, spread across 234 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) — $108.1M (11.3%)
2. Schwab US Dvd Equity ETF (SCHD) — $63.8M (6.7%)
3. Vanguard Dividend Apprec ETF (VIG) — $45.1M (4.7%)
4. Invesco S&p 500 Garp ETF (SPGP) — $39.7M (4.2%)
5. Wisdomtree U.s. Quality Divi (DGRW) — $37.9M (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 183 notable position adjustments: 14 new positions were initiated, 125 existing holdings were added to, 27 positions were partially reduced, and 17 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); Sold out: Oneok Inc (OKE); New buy: ; New buy: Pgim Ultra Short Bond ETF (PULS)
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: 52.0%
• Energy: 9.8%
• Financials: 8.8%
• Communication Services: 6.6%
• Health Care: 5.9%
• Industrials: 5.4%
Investment Profile
Howard Financial Services, LTD. returned an annualized -16.6% over the trailing 36 months — underperforming the S&P 500 by 9.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of -0.27 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 52.0% of the portfolio concentrated in Information Technology.
It has added to its SCHG position over the past two quarters (+$11.2M, now $32.0M), while trimming TOTL over the same stretch (-$10.0M, still holding $11.3M).
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Developer Access
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