HOWARD FINANCIAL SERVICES, LTD.

hedge fundUpdated 67 days ago

Managed by Howard Financial Services, Ltd. • Latest filing Q2 2026

Portfolio value

$1B

Q2 2026

Filings

13

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

33.7%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 13 quarters

Show data table

Period	Portfolio value
Q2 2023	$419.1M
Q3 2023	$436.2M
Q4 2023	$518.7M
Q1 2024	$580.5M
Q2 2024	$610.2M
Q3 2024	$692.5M
Q4 2024	$735.1M
Q1 2025	$734.4M
Q2 2025	$760.7M
Q3 2025	$817.3M
Q4 2025	$855.1M
Q1 2026	$888M
Q2 2026	$1B

Top holdings

269 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	E ETHA ISHARES TR	$112.7M	513.6K	11.25%	Added(+2.1%)
2	? N/A SCHWAB STRATEGIC TR	$61.9M	1.95M	6.19%	Added(+0.4%)
3	? N/A VANGUARD SPECIALIZED FUNDS	$47.5M	200.6K	4.74%	Trimmed(-0.0%)
4	A AAPL APPLE INC	$40.1M	138.7K	4.01%	Added(+0.8%)
5	? N/A INVESCO EXCHANGE TRADED FD T	$40.1M	327.9K	4.00%	Trimmed(-3.8%)
6	I IVZ INVESCO EXCHANGE TRADED FD T	$39.9M	187.4K	3.98%	Trimmed(-2.5%)
7	? N/A WISDOMTREE TR	$38.1M	398.6K	3.81%	Added(+6.2%)
8	? N/A INVESCO ACTIVELY MANAGED EXC	$37.5M	799.6K	3.74%	Added(+4.0%)
9	? N/A HARTFORD FDS EXCHANGE TRADED	$34.3M	1.02M	3.42%	Added(+2.9%)
10	? N/A PGIM ETF TR	$32.4M	781.7K	3.24%	Added(+0.3%)
11	? N/A SCHWAB STRATEGIC TR	$27.6M	816.7K	2.76%	Added(+14.6%)
12	? N/A ISHARES TR	$25.6M	517.0K	2.56%	Added(+8.5%)
13	? N/A FIRST TR EXCHANGE TRADED FD	$24.3M	299.7K	2.43%	Added(+4.0%)
14	? N/A SCHWAB STRATEGIC TR	$23.8M	451.3K	2.38%	Added(+8.7%)
15	? N/A VANECK ETF TRUST	$20.2M	690.6K	2.02%	Added(+3.2%)
16	? N/A SSGA ACTIVE ETF TR	$19.4M	492.4K	1.94%	Trimmed(-8.2%)
17	? N/A VANGUARD WHITEHALL FDS	$18.4M	197.4K	1.84%	Added(+5.8%)
18	? N/A WISDOMTREE TR	$18.3M	372.7K	1.83%	Added(+10.7%)
19	S SPY STATE STR SPDR S&P 500 ETF T	$17.8M	23.8K	1.77%	Added(+0.3%)
20	? N/A SPDR SERIES TRUST	$16.8M	670.0K	1.67%	Trimmed(-10.0%)

E

ISHARES TR

+2.1%

Value

$112.7M

Shares

513.6K

% Port

11.25%

?

2.N/A

SCHWAB STRATEGIC TR

+0.4%

Value

$61.9M

Shares

1.95M

% Port

6.19%

?

3.N/A

VANGUARD SPECIALIZED FUNDS

-0.0%

Value

$47.5M

Shares

200.6K

% Port

4.74%

A

APPLE INC

+0.8%

Value

$40.1M

Shares

138.7K

% Port

4.01%

?

5.N/A

INVESCO EXCHANGE TRADED FD T

-3.8%

Value

$40.1M

Shares

327.9K

% Port

4.00%

I

INVESCO EXCHANGE TRADED FD T

-2.5%

Value

$39.9M

Shares

187.4K

% Port

3.98%

?

7.N/A

WISDOMTREE TR

+6.2%

Value

$38.1M

Shares

398.6K

% Port

3.81%

?

8.N/A

INVESCO ACTIVELY MANAGED EXC

+4.0%

Value

$37.5M

Shares

799.6K

% Port

3.74%

?

9.N/A

HARTFORD FDS EXCHANGE TRADED

+2.9%

Value

$34.3M

Shares

1.02M

% Port

3.42%

?

10.N/A

PGIM ETF TR

+0.3%

Value

$32.4M

Shares

781.7K

% Port

3.24%

?

11.N/A

SCHWAB STRATEGIC TR

+14.6%

Value

$27.6M

Shares

816.7K

% Port

2.76%

?

12.N/A

ISHARES TR

+8.5%

Value

$25.6M

Shares

517.0K

% Port

2.56%

?

13.N/A

FIRST TR EXCHANGE TRADED FD

+4.0%

Value

$24.3M

Shares

299.7K

% Port

2.43%

?

14.N/A

SCHWAB STRATEGIC TR

+8.7%

Value

$23.8M

Shares

451.3K

% Port

2.38%

?

15.N/A

VANECK ETF TRUST

+3.2%

Value

$20.2M

Shares

690.6K

% Port

2.02%

?

16.N/A

SSGA ACTIVE ETF TR

-8.2%

Value

$19.4M

Shares

492.4K

% Port

1.94%

?

17.N/A

VANGUARD WHITEHALL FDS

+5.8%

Value

$18.4M

Shares

197.4K

% Port

1.84%

?

18.N/A

WISDOMTREE TR

+10.7%

Value

$18.3M

Shares

372.7K

% Port

1.83%

S

19.SPY

STATE STR SPDR S&P 500 ETF T

+0.3%

Value

$17.8M

Shares

23.8K

% Port

1.77%

?

20.N/A

SPDR SERIES TRUST

-10.0%

Value

$16.8M

Shares

670.0K

% Port

1.67%

View full portfolio (269 holdings) →

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