Portfolio (Quarterly) Guide ↗

HOWARD FINANCIAL SERVICES, LTD.

· CIK 0001768130

13F Portfolio $1.0B AUM 269 positions Filed Jul 7, 2026 EDGAR ↗ ← All Funds

Q2 2026 Q1 2026 · All 56 New 114 Added 48 Reduced 10 Exited

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#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
101	AGG	ISHARES TR	—	2,662.0	$264K	0.03%	+17.0	+0.6%	$98.99	-1.7%
102	SLV	ISHARES SILVER TR	Financial Services	4,926.0	$263K	0.03%	+713.0	+16.9%	$53.47	+9.1%
103	NEM	NEWMONT CORP	Basic Materials	2,733.0	$255K	0.03%	+55.0	+2.0%	$93.41	+26.4%
104	BLK	BLACKROCK INC	Financial Services	262.0	$252K	0.03%	+6.0	+2.3%	$961.56	+20.1%
105	MCD	MCDONALDS CORP	Consumer Cyclical	932.0	$252K	0.03%	+34.0	+3.8%	$270.18	-0.6%
106	IGV	ISHARES TR	—	2,688.0	$244K	0.02%	+26.0	+1.0%	$90.60	+13.2%
107	OKLO	OKLO INC	Utilities	4,604.0	$241K	0.02%	+80.0	+1.8%	$52.33	-20.8%
108	ESGD	ISHARES TR	—	2,244.0	$231K	0.02%	+18.0	+0.8%	$102.83	+3.8%
109	GIL	GILDAN ACTIVEWEAR INC	Consumer Cyclical	4,463.0	$230K	0.02%	+153.0	+3.5%	$51.60	+7.7%
110	BMY	BRISTOL-MYERS SQUIBB CO	Healthcare	3,908.0	$225K	0.02%	+138.0	+3.7%	$57.62	+14.9%
111	XLF	SELECT SECTOR SPDR TR	—	4,150.0	$222K	0.02%	+51.0	+1.2%	$53.61	+8.1%
112	ABT	ABBOTT LABORATORIES	Healthcare	2,451.0	$222K	0.02%	+111.0	+4.7%	$90.72	+24.3%
113	MDLZ	MONDELEZ INTL INC	Consumer Defensive	3,721.0	$215K	0.02%	+205.0	+5.8%	$57.85	+9.1%
114	GILD	GILEAD SCIENCES INC	Healthcare	1,624.0	$205K	0.02%	+65.0	+4.2%	$126.31	+12.5%

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① 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 41.0%

Financial Services 19.5%

Energy 12.3%

Consumer Cyclical 7.4%

Communication Services 5.0%

Healthcare 4.1%

Consumer Defensive 4.1%

Industrials 3.5%

Utilities 1.8%

Real Estate 0.7%