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Portfolio (Quarterly) Guide ↗

HOWARD FINANCIAL SERVICES, LTD.

· CIK 0001768130
13F Portfolio $888M AUM 223 positions Filed Apr 7, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 30 New 115 Added 33 Reduced 12 Exited
Page 2 of 6  ·  115 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 AMZN AMAZON COM INC Consumer Cyclical 32,796.0 $6.8M 0.77% +3K +11.3% $208.27 +29.7%
22 VPLS VANGUARD MALVERN FDS 86,428.0 $6.7M 0.76% +49K +132.3% $77.59 -0.2%
23 EPD ENTERPRISE PRODS PARTNERS L Energy 133,768.0 $5.1M 0.57% +14K +12.1% $37.84 +0.5%
24 AVGO BROADCOM INC Technology 16,161.0 $5.0M 0.56% +887.0 +5.8% $309.51 +35.8%
25 IVV ISHARES TR 6,867.0 $4.5M 0.51% +282.0 +4.3% $653.18 +15.5%
26 GOOGL ALPHABET INC Communication Services 14,800.0 $4.3M 0.48% +4K +36.5% $287.56 +35.9%
27 ET ENERGY TRANSFER L P Energy 197,157.0 $3.8M 0.43% +9K +4.8% $19.30 +1.1%
28 CMG CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 93,915.0 $3.0M 0.34% +595.0 +0.6% $32.01 +2.1%
29 MPLX MPLX LP Energy 45,575.0 $2.6M 0.29% +841.0 +1.9% $57.07 -1.9%
30 IGSB ISHARES TR 40,419.0 $2.1M 0.24% +4K +10.7% $52.56 -0.2%
31 JPM JPMORGAN CHASE & CO. Financial Services 7,159.0 $2.1M 0.24% +918.0 +14.7% $294.16 +1.7%
32 TSM TAIWAN SEMICONDUCTOR MFG LTD Technology 6,221.0 $2.1M 0.24% +1K +19.8% $337.95 +24.4%
33 PLTR PALANTIR TECHNOLOGIES INC Technology 13,805.0 $2.0M 0.23% +140.0 +1.0% $146.28 -9.1%
34 TPL TEXAS PACIFIC LAND CORPORATI Energy 4,078.0 $1.9M 0.22% +25.0 +0.6% $474.56 -14.3%
35 GOOG ALPHABET INC Communication Services 6,142.0 $1.8M 0.20% +808.0 +15.2% $286.87 +34.8%
36 WMT WALMART INC Consumer Defensive 13,816.0 $1.7M 0.19% +3K +24.2% $124.28 -4.4%
37 JNJ JOHNSON & JOHNSON Healthcare 6,185.0 $1.5M 0.17% +2K +37.0% $244.42 -5.2%
38 META META PLATFORMS INC Communication Services 2,597.0 $1.5M 0.17% +850.0 +48.6% $572.09 +10.0%
39 DMLP DORCHESTER MINERALS LP Energy 51,643.0 $1.4M 0.16% +682.0 +1.3% $27.10 -0.0%
40 FNDA SCHWAB STRATEGIC TR 39,672.0 $1.3M 0.14% +3K +7.5% $32.43 +11.9%
Page 2 of 6  ·  115 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 37.5%
Financial Services 20.4%
Energy 15.2%
Consumer Cyclical 7.5%
Communication Services 4.8%
Consumer Defensive 4.5%
Healthcare 3.6%
Industrials 3.1%
Basic Materials 1.7%
Utilities 1.1%