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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
Page 2 of 14  ·  269 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 NVDA NVIDIA CORPORATION Technology 82,044.0 $16.4M 1.64% -1K -1.6% $200.09 +12.5%
22 QQQ INVESCO QQQ TR Financial Services 16,641.0 $12.3M 1.22% -830.0 -4.8% $736.40 -0.9%
23 MOAT VANECK ETF TRUST 97,692.0 $10.2M 1.01% -9K -8.8% $103.96 +7.6%
24 VPLS VANGUARD MALVERN FDS 125,340.0 $9.7M 0.97% +39K +45.0% $77.58 -1.7%
25 MSFT MICROSOFT CORP Technology 25,262.0 $9.4M 0.94% -463.0 -1.8% $373.03 +28.8%
26 CALF PACER FDS TR 173,595.0 $8.8M 0.88% -7K -3.7% $50.61 +11.2%
27 AMZN AMAZON COM INC Consumer Cyclical 36,786.0 $8.8M 0.88% +4K +12.2% $238.34 +9.6%
28 BERKSHIRE HATHAWAY INC DEL 15,223.0 $7.6M 0.76% $500.39
29 J P MORGAN EXCHANGE TRADED F 150,222.0 $7.6M 0.76% -70K -31.9% $50.57
30 AVGO BROADCOM INC Technology 18,322.0 $6.9M 0.69% +2K +13.4% $377.76 +3.9%
31 GOOGL ALPHABET INC Communication Services 17,727.0 $6.3M 0.63% +3K +19.8% $357.38 -3.7%
32 FPE FIRST TR EXCH TRADED FD III 341,178.0 $6.1M 0.61% -13K -3.5% $17.88 -0.8%
33 IVV ISHARES TR 7,299.0 $5.5M 0.55% +432.0 +6.3% $748.92 +3.7%
34 EPD ENTERPRISE PRODS PARTNERS L Energy 139,438.0 $5.1M 0.51% +6K +4.2% $36.76 +5.0%
35 SBR SABINE RTY TR Energy 68,187.0 $5.0M 0.50% $73.20 -0.7%
36 INTC INTEL CORP Technology 30,459.0 $4.3M 0.42% +21K +216.7% $139.63 -25.9%
37 VTI VANGUARD INDEX FDS 11,079.0 $4.1M 0.41% $370.03 +3.3%
38 ET ENERGY TRANSFER L P Energy 201,504.0 $3.9M 0.39% +4K +2.2% $19.12 +9.5%
39 RODM LATTICE STRATEGIES TR 88,991.0 $3.6M 0.36% +787.0 +0.9% $40.41 +4.3%
40 CMG CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 93,520.0 $3.2M 0.32% $34.00 -0.7%
Page 2 of 14  ·  269 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 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%