HOWARD FINANCIAL SERVICES, LTD.

13F filer, CIK 1768130, DALLAS, TX

HOWARD FINANCIAL SERVICES, LTD. reported $735,126,080 across 186 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-01-15. Its ten largest share positions make up 52.34% of the portfolio.

Filed 2025-01-15 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:55 UTC13F-HR 0001768130-25-000001

Period: 2024-12-31
Reported value: $735M
Holdings: 186
Top 10 weight: 52.34%
New: 26
Sold out: 8

Largest buys vs the previous quarter

Security	Shares change	Approx. value
SCHDadded	+1,364,511	$37.3M
DGRWadded	+71,497	$5.79M
SPGPadded	+35,495	$3.72M
PTRBadded	+82,046	$3.36M
SJNKadded	+132,595	$3.35M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
FIXDreduced	-83,107	-$3.57M
XSOEreduced	-31,373	-$956K
AGGexited	-7,057	-$715K
VIGIreduced	-8,658	-$693K
SHYreduced	-6,041	-$495K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2024

Share positions as resolved from 13F-HR 0001768130-25-000001, largest first. % of portfolio is the value over $735,126,080, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
QUALISHARES TR	454,955	$81M	11.02%	+17,186	Timeline
SCHDSCHWAB STRATEGIC TR	2,021,759	$55.2M	7.51%	+1,364,511	Timeline
VIGVANGUARD SPECIALIZED FUNDS	182,924	$35.8M	4.87%	+1,255	Timeline
RSPINVESCO EXCHANGE TRADED FD T	203,459	$35.7M	4.85%	-636	Timeline
AAPLAPPLE INC	134,741	$33.7M	4.59%	+1,337	Timeline
SPGPINVESCO EXCHANGE TRADED FD T	311,312	$32.7M	4.44%	+35,495	Timeline
GTOINVESCO ACTIVELY MANAGED EXC	700,670	$32.5M	4.42%	+47,279	Timeline
HTRBHARTFORD FDS EXCHANGE TRADED	883,880	$29.5M	4.01%	+51,865	Timeline
PTRBPGIM ETF TR	711,401	$29.1M	3.96%	+82,046	Timeline
CALFPACER FDS TR	444,301	$19.6M	2.66%	+28,458	Timeline
TOTLSSGA ACTIVE ETF TR	456,461	$18M	2.45%	+67,218	Timeline
SJNKSPDR SERIES TRUST	706,526	$17.8M	2.43%	+132,595	Timeline
DGRWWISDOMTREE TR	220,374	$17.8M	2.43%	+71,497	Timeline
IQLTISHARES TR	477,933	$17.7M	2.41%	-9,290	Timeline
VIGIVANGUARD WHITEHALL FDS	179,230	$14.3M	1.95%	-8,658	Timeline
FNDFSCHWAB STRATEGIC TR	414,991	$13.8M	1.87%	-9,465	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	22,277	$13.1M	1.78%	+383	Timeline
ANGLVANECK ETF TRUST	415,227	$11.9M	1.62%	+104,475	Timeline
RDVYFIRST TR EXCHANGE TRADED FD	199,981	$11.8M	1.61%	-1,229	Timeline
XSOEWISDOMTREE TR	350,160	$10.7M	1.45%	-31,373	Timeline
NVDANVIDIA CORPORATION	77,365	$10.4M	1.41%	+8,540	Timeline
MSFTMICROSOFT CORP	23,798	$10M	1.36%	+4,846	Timeline
FIXDFIRST TR EXCHNG TRADED FD VI	223,255	$9.59M	1.3%	-83,107	Timeline
QQQINVESCO QQQ TR	18,329	$9.37M	1.27%	+973	Timeline
FPEFIRST TR EXCH TRADED FD III	525,576	$9.3M	1.27%	+82,359	Timeline
MOATVANECK ETF TRUST	87,380	$8.1M	1.1%	+3,649	Timeline
AMZNAMAZON COM INC	29,221	$6.41M	0.87%	+4,441	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	13,401	$6.07M	0.83%	+835	Timeline
CMGCHIPOTLE MEXICAN GRILL INC	94,095	$5.67M	0.77%	+95	Timeline
SBRSABINE RTY TR	77,336	$5.01M	0.68%	+9,840	Timeline
JPSTJ P MORGAN EXCHANGE TRADED F	85,721	$4.32M	0.59%	-6,468	Timeline
IVVISHARES TR	7,224	$4.25M	0.58%	+2,446	Timeline
ETENERGY TRANSFER L P	181,632	$3.56M	0.48%	+460	Timeline
VTIVANGUARD INDEX FDS	10,852	$3.14M	0.43%	+61	Timeline
AVGOBROADCOM INC	13,456	$3.12M	0.42%	+2,293	Timeline
IJHISHARES TR	47,528	$2.96M	0.4%	+38,655	Timeline
BSVVANGUARD BD INDEX FDS	38,026	$2.94M	0.4%	-5,723	Timeline
EPDENTERPRISE PRODS PARTNERS L	92,208	$2.89M	0.39%	+1,484	Timeline
PEPPEPSICO INC	17,247	$2.62M	0.36%	+1,177	Timeline
RODMLATTICE STRATEGIES TR	91,043	$2.59M	0.35%	-10,062	Timeline
XOMEXXON MOBIL CORP	23,420	$2.52M	0.34%	+1,079	Timeline
SCHESCHWAB STRATEGIC TR	90,558	$2.41M	0.33%	+2,174	Timeline
SCHFSCHWAB STRATEGIC TR	125,843	$2.33M	0.32%	+63,400	Timeline
GOOGLALPHABET INC	11,972	$2.27M	0.31%	+6,015	Timeline
TSLATESLA INC	5,587	$2.26M	0.31%	+388	Timeline
JPMJPMORGAN CHASE & CO	8,830	$2.12M	0.29%	+3,373	Timeline
BILSPDR SERIES TRUST	19,321	$1.77M	0.24%	-1,987	Timeline
INDEPENDENT BANK GROUP INCINDEPENDENT BANK GROUP INC	26,997	$1.64M	0.22%	-935
BXBLACKSTONE INC	9,469	$1.63M	0.22%	+8,082	Timeline
MPLXMPLX LP	31,912	$1.53M	0.21%	+10,634	Timeline
TPLTEXAS PACIFIC LAND CORPORATI	1,350	$1.49M	0.2%	0	Timeline
IEFAISHARES TR	20,816	$1.46M	0.2%	-1,141	Timeline
OKEONEOK INC NEW	13,324	$1.34M	0.18%	+577	Timeline
BSMBLACK STONE MINERALS L P	91,465	$1.34M	0.18%	-80	Timeline
MAMASTERCARD INCORPORATED	2,391	$1.26M	0.17%	+50	Timeline
JEPIJ P MORGAN EXCHANGE TRADED F	21,483	$1.24M	0.17%	+65	Timeline
TSMTAIWAN SEMICONDUCTOR MANUFAC	5,963	$1.18M	0.16%	+2,885	Timeline
SCHWCHARLES SCHWAB CORP (THE)	15,864	$1.17M	0.16%	+83	Timeline
DMLPDORCHESTER MINERALS L P	34,177	$1.14M	0.15%	+8	Timeline
BKLNINVESCO EXCH TRADED FD TR II	53,381	$1.12M	0.15%	+3,381	Timeline
SPDWSPDR INDEX SHS FDS	32,329	$1.1M	0.15%	-969	Timeline
PLTRPALANTIR TECHNOLOGIES INC	14,567	$1.1M	0.15%	+486	Timeline
FNDASCHWAB STRATEGIC TR	36,665	$1.09M	0.15%	+18,418	Timeline
VEAVANGUARD TAX-MANAGED FDS	22,675	$1.08M	0.15%	new	Timeline
METAMETA PLATFORMS INC	1,775	$1.04M	0.14%	+751	Timeline
IBMINTERNATIONAL BUSINESS MACHS	4,648	$1.02M	0.14%	+64	Timeline
VIPER ENERGY INCVIPER ENERGY INC	20,262	$994K	0.14%	0
WMTWALMART INC	10,895	$984K	0.13%	+2,288	Timeline
VOOVANGUARD INDEX FDS	1,784	$961K	0.13%	+682	Timeline
TXNTEXAS INSTRS INC	4,901	$919K	0.13%	+2,536	Timeline
NFLXNETFLIX INC.	1,012	$902K	0.12%	+140	Timeline
CADECADENCE BANK	25,090	$864K	0.12%	-5,000	Timeline
NOCNORTHROP GRUMMAN CORP	1,797	$843K	0.11%	+11	Timeline
COSTCOSTCO WHOLESALE CORPORATION	897	$822K	0.11%	+31	Timeline
GOOGALPHABET INC	4,257	$811K	0.11%	-79	Timeline
JEPQJ P MORGAN EXCHANGE TRADED F	14,228	$802K	0.11%	+2,039	Timeline
JBIJANUS INTERNATIONAL GROUP IN	105,144	$773K	0.11%	+218	Timeline
LUVSOUTHWEST AIRLS CO	22,457	$755K	0.1%	+45	Timeline
GHCGRAHAM HLDGS CO	834	$728K	0.1%	+1	Timeline
AMGNAMGEN INC	2,780	$725K	0.1%	+682	Timeline
MRKMERCK & CO INC	7,260	$722K	0.1%	-16	Timeline
JNJJOHNSON & JOHNSON	4,950	$716K	0.1%	+1,265	Timeline
CRWDCROWDSTRIKE HLDGS INC	2,065	$707K	0.1%	+398	Timeline
HDHOME DEPOT INC	1,815	$706K	0.1%	+211	Timeline
CAVACAVA GROUP INC	6,194	$699K	0.1%	+109	Timeline
ABBVABBVIE INC	3,760	$668K	0.09%	+113	Timeline
BKNGBOOKING HOLDINGS INC	131	$651K	0.09%	+1	Timeline
GLDSPDR GOLD TR	2,674	$647K	0.09%	0	Timeline
CNDTCONDUENT INC	160,000	$646K	0.09%	+150,000	Timeline
CVXCHEVRON CORPORATION	4,412	$639K	0.09%	+1,022	Timeline
VVISA INC	1,971	$623K	0.08%	+1,050	Timeline
IEMGISHARES INC	11,720	$612K	0.08%	+2	Timeline
ESGUISHARES TR	4,718	$608K	0.08%	+8	Timeline
CSCOCISCO SYS INC	10,162	$602K	0.08%	+1,318	Timeline
SHYISHARES TR	6,958	$570K	0.08%	-6,041	Timeline
FNGGDIREXION SHARES ETF TRUST	3,028	$545K	0.07%	0	Timeline
NLYANNALY CAPITAL MANAGEMENT IN	28,823	$527K	0.07%	new	Timeline
ADPAUTOMATIC DATA PROCESSING IN	1,697	$497K	0.07%	new	Timeline
AGNCAGNC INVT CORP	53,834	$496K	0.07%	+35,598	Timeline
LLYELI LILLY & CO	632	$488K	0.07%	+202	Timeline
LEADSIREN ETF TR	7,237	$481K	0.07%	+108	Timeline
CRMSALESFORCE INC	1,416	$473K	0.06%	+268	Timeline
MRVLMARVELL TECHNOLOGY INC	4,282	$473K	0.06%	new	Timeline
KOCOCA COLA CO	7,591	$473K	0.06%	+903	Timeline
SLYVSPDR SERIES TRUST	5,409	$472K	0.06%	+9	Timeline
SPYDSPDR SERIES TRUST	10,848	$469K	0.06%	+138	Timeline
BFSTBUSINESS FIRST BANCSHARES IN	18,128	$466K	0.06%	new	Timeline
PMPHILIP MORRIS INTL INC	3,813	$459K	0.06%	-181	Timeline
AXPAMERICAN EXPRESS CO	1,507	$447K	0.06%	+416	Timeline
ISRGINTUITIVE SURGICAL INC	837	$437K	0.06%	+32	Timeline
VXFVANGUARD INDEX FDS	2,225	$423K	0.06%	+9	Timeline
MIDUDIREXION SHARES ETF TRUST	8,000	$422K	0.06%	0	Timeline
NSCNORFOLK SOUTHN CORP	1,791	$420K	0.06%	+72	Timeline
COPCONOCOPHILLIPS	4,163	$413K	0.06%	+850	Timeline
IVWISHARES TR	4,013	$407K	0.06%	+4	Timeline
TDAYUSA TODAY CO INC	80,000	$405K	0.06%	0	Timeline
MSMORGAN STANLEY	3,204	$403K	0.05%	+604	Timeline
VNQVANGUARD INDEX FDS	4,506	$401K	0.05%	+80	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	766	$399K	0.05%	+432	Timeline
PANWPALO ALTO NETWORKS INC	2,188	$398K	0.05%	+1,156	Timeline
IAUISHARES GOLD TR	8,024	$397K	0.05%	+250	Timeline
WESWESTERN MIDSTREAM PARTNERS L	10,000	$384K	0.05%	new	Timeline
PGPROCTER & GAMBLE CO	2,247	$377K	0.05%	+869	Timeline
NEENEXTERA ENERGY INC	5,220	$374K	0.05%	+2,070	Timeline
MANAGED PORTFOLIO SERIESMANAGED PORTFOLIO SERIES	10,888	$371K	0.05%	+131
XLKSELECT SECTOR SPDR TR	1,569	$365K	0.05%	+70	Timeline
YUMYUM BRANDS INC	2,715	$364K	0.05%	+15	Timeline
LMTLOCKHEED MARTIN CORP	742	$361K	0.05%	+11	Timeline
VGTVANGUARD WORLD FD	575	$357K	0.05%	+2	Timeline
NXPINXP SEMICONDUCTORS N V	1,678	$349K	0.05%	-22	Timeline
MOALTRIA GROUP INC	6,588	$344K	0.05%	+356	Timeline
VWOVANGUARD INTL EQUITY INDEX F	7,729	$340K	0.05%	new	Timeline
LULULULULEMON ATHLETICA INC	884	$338K	0.05%	+48	Timeline
FDNFIRST TR EXCHANGE-TRADED FD	1,386	$337K	0.05%	new	Timeline
BACBANK OF AMER CORP	7,582	$333K	0.05%	+794	Timeline
ETHEGRAYSCALE ETHEREUM STAKING E	11,850	$332K	0.05%	0	Timeline
QQQMINVESCO EXCH TRADED FD TR II	1,541	$324K	0.04%	+9	Timeline
AZNASTRAZENECA PLC-SPONS ADR	4,850	$318K	0.04%	+610	Timeline
UBERUBER TECHNOLOGIES INC	5,267	$318K	0.04%	+375	Timeline
PFEPFIZER INC	11,922	$316K	0.04%	-1,299	Timeline
FANGDIAMONDBACK ENERGY INC	1,893	$310K	0.04%	+283	Timeline
INTCINTEL CORP	15,444	$310K	0.04%	-9,550	Timeline
SYFIAB ACTIVE ETFS INC	8,671	$309K	0.04%	new	Timeline
NOGNORTHERN OIL & GAS INC	8,295	$308K	0.04%	+81	Timeline
HONHONEYWELL INTL INC	1,360	$307K	0.04%	+42	Timeline
SYKSTRYKER CORPORATION	853	$307K	0.04%	new	Timeline
TMFCRBB FD INC	4,969	$299K	0.04%	+19	Timeline
UPSUNITED PARCEL SVCS INC	2,369	$299K	0.04%	+348	Timeline
SMHVANECK ETF TRUST	1,224	$297K	0.04%	new	Timeline
VBVANGUARD INDEX FDS	1,223	$294K	0.04%	new	Timeline
EMLPFIRST TR EXCHANGE-TRADED FD	8,040	$287K	0.04%	+59	Timeline
PPAINVESCO EXCHANGE TRADED FD T	2,490	$286K	0.04%	new	Timeline
QQQEDIREXION SHARES ETF TRUST	3,178	$285K	0.04%	-19	Timeline
XLESELECT SECTOR SPDR TR	3,256	$279K	0.04%	-76	Timeline
CABOCABLE ONE INC	763	$276K	0.04%	+6	Timeline
GNRSPDR INDEX SHS FDS	5,536	$275K	0.04%	+149	Timeline
EMREMERSON ELEC CO	2,211	$274K	0.04%	new	Timeline
TFINTRIUMPH FINANCIAL INC	3,000	$273K	0.04%	0	Timeline
GEVGE VERNOVA INC	821	$270K	0.04%	new	Timeline
JOUTJOHNSON OUTDOORS INC	8,079	$267K	0.04%	+79	Timeline
AMPAMERIPRISE FINL INC	493	$263K	0.04%	new	Timeline
IWFISHARES TR	644	$259K	0.04%	+1	Timeline
GEGE AEROSPACE	1,550	$259K	0.04%	new	Timeline
BABAALIBABA GROUP HLDG LTD	3,006	$255K	0.03%	0	Timeline
VZVERIZON COMMUNICATIONS INC	6,148	$246K	0.03%	+428	Timeline
SBUXSTARBUCKS CORP	2,653	$242K	0.03%	new	Timeline
ITWILLINOIS TOOL WKS INC	910	$231K	0.03%	new	Timeline
EOGEOG RES INC	1,849	$227K	0.03%	+142	Timeline
SPEMSPDR INDEX SHS FDS	5,883	$226K	0.03%	0	Timeline
CHWYCHEWY INC	6,712	$225K	0.03%	new	Timeline
SLVISHARES SILVER TR	8,522	$224K	0.03%	0	Timeline
EQTEQT CORP	4,830	$223K	0.03%	new	Timeline
METMETLIFE INC	2,698	$221K	0.03%	new	Timeline
ADBEADOBE INC	489	$217K	0.03%	new	Timeline
SHVISHARES TR	1,971	$217K	0.03%	new	Timeline
SHOPSHOPIFY INC	1,969	$209K	0.03%	new	Timeline
GDXVANECK ETF TRUST	6,153	$209K	0.03%	+68	Timeline
KRPKIMBELL RTY PARTNERS LP	12,760	$207K	0.03%	0	Timeline
UNHUNITEDHEALTH GROUP INC	408	$206K	0.03%	+33	Timeline
GSGOLDMAN SACHS GROUP INC	358	$205K	0.03%	new	Timeline
IHIISHARES TR	3,513	$205K	0.03%	+4	Timeline
PHYSSPROTT ASSET MANAGEMENT LP	10,090	$203K	0.03%	0	Timeline
TWOTWO HARBORS INVENTMENT CORPO	15,902	$188K	0.03%	+852	Timeline
HANESBRANDS INCHANESBRANDS INC	22,268	$181K	0.02%	0
EZPWEZCORP INC	10,000	$122K	0.02%	0	Timeline
STHOSTAR HLDGS	10,000	$97.3K	0.01%	-9,000	Timeline

Sold out in Q4 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
AGGISHARES TR	7,057	$715K	shares
EMXCISHARES INC	3,579	$219K	shares
ESGDISHARES TR	2,596	$219K	shares
NKENIKE INC	2,430	$215K	shares
SCCOSOUTHERN COPPER CORP	1,756	$203K	shares
IGSBISHARES TR	3,814	$201K	shares
LUMINAR TECHNOLOGIES INCLUMINAR TECHNOLOGIES INC	72,425	$65.2K	shares
GRAYSCALE ETHEREUM MINI STA…GRAYSCALE ETHEREUM MINI STAKING E…	11,850	$28.9K	shares

How Q4 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001768130-25-000001	base		2025-01-15	acceptance time not in the bulk data set	2026-10-07 18:25:55 UTC