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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 2  ·  30 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 BLK BLACKROCK INC Financial Services 256.0 $246K 0.03% NEW $961.71 +11.3%
22 CB CHUBB LIMITED Financial Services 729.0 $238K 0.03% NEW $325.93 -1.6%
23 APH AMPHENOL CORP NEW Technology 1,866.0 $236K 0.03% NEW $126.35 +11.0%
24 BMY BRISTOL-MYERS SQUIBB CO Healthcare 3,770.0 $229K 0.03% NEW $60.64 -5.1%
25 NOG NORTHERN OIL & GAS INC Energy 7,770.0 $227K 0.03% NEW $29.23 -27.0%
26 GILD GILEAD SCIENCES INC Healthcare 1,559.0 $217K 0.02% NEW $139.35 -4.1%
27 RF REGIONS FINANCIAL CORP NEW Financial Services 8,120.0 $212K 0.02% NEW $26.12 +7.5%
28 HON HONEYWELL INTL INC Industrials 907.0 $205K 0.02% NEW $226.06 +2.4%
29 MDLZ MONDELEZ INTL INC Consumer Defensive 3,516.0 $203K 0.02% NEW $57.65 +8.0%
30 IWM PUT ISHARES TR 68,500.0 $103K 0.01% NEW $1.51 +19128.5%
Page 2 of 2  ·  30 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%