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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 4 of 12  ·  223 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 META META PLATFORMS INC Communication Services 2,597.0 $1.5M 0.17% +850.0 +48.6% $572.09 +11.0%
62 DMLP DORCHESTER MINERALS LP Energy 51,643.0 $1.4M 0.16% +682.0 +1.3% $27.10 -0.8%
63 BSM BLACK STONE MINERALS L P Energy 92,233.0 $1.4M 0.16% $15.12 -12.2%
64 FNDA SCHWAB STRATEGIC TR 39,672.0 $1.3M 0.14% +3K +7.5% $32.43 +11.9%
65 MA MASTERCARD INCORPORATED Financial Services 2,567.0 $1.3M 0.14% -72.0 -2.7% $499.63 -0.9%
66 OKE ONEOK INC NEW Energy 14,104.0 $1.3M 0.14% +2K +12.3% $90.39 -2.4%
67 GEV GE VERNOVA INC Utilities 1,372.0 $1.2M 0.14% -198.0 -12.6% $872.90 +18.2%
68 IBM INTERNATIONAL BUSINESS MACHS Technology 4,794.0 $1.2M 0.13% +204.0 +4.4% $242.40 +5.3%
69 HBAN HUNTINGTON BANCSHARES INC Financial Services 73,039.0 $1.1M 0.13% NEW $15.65 +2.4%
70 COST COSTCO WHSL CORP NEW Consumer Defensive 1,126.0 $1.1M 0.13% +196.0 +21.1% $996.24 +0.7%
71 NBHC NATIONAL BK HLDGS CORP Financial Services 28,191.0 $1.1M 0.12% NEW $39.16 +7.2%
72 NFLX NETFLIX INC Communication Services 11,480.0 $1.1M 0.12% +900.0 +8.5% $96.15 -9.2%
73 GPIX GOLDMAN SACHS ETF TR 21,817.0 $1.1M 0.12% +3K +17.6% $50.04 +11.4%
74 LLY ELI LILLY & CO Healthcare 1,184.0 $1.1M 0.12% +269.0 +29.4% $920.11 +17.7%
75 CVX CHEVRON CORP NEW Energy 5,165.0 $1.1M 0.12% +785.0 +17.9% $206.89 -11.8%
76 SPDW SPDR INDEX SHS FDS 22,437.0 $1.0M 0.12% $45.65 +11.4%
77 MRK MERCK & CO INC Healthcare 8,473.0 $1.0M 0.12% +666.0 +8.5% $120.29 -0.0%
78 BIL SPDR SERIES TRUST 10,863.0 $995K 0.11% -31K -74.2% $91.64 -0.0%
79 GE GE AEROSPACE Industrials 3,473.0 $986K 0.11% -850.0 -19.7% $283.78 +11.8%
80 GLD SPDR GOLD TR Financial Services 2,287.0 $984K 0.11% $430.29 -5.1%
Page 4 of 12  ·  223 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%