Q3 2026 13F · SEC CIK 1768130

Howard Financial Services, Ltd.

Wealth managerFiled 2026-10-15 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $954.3M
Reported positions: 234
Top holdings a year, 3 yrs: +12.0%
Assets under management: $1.4B

Howard Financial Services, Ltd. is a wealth manager that reported 234 positions worth $954.3M in its Q3 2026 13F, filed 2026-10-15. Its largest holdings were Ishares Tr (QUAL, 11.3%), Schwab Strategic Tr (SCHD, 6.7%), Vanguard Specialized Funds (VIG, 4.7%). A portfolio copying its top holdings returned 12.0% a year over the last 3 years, against 20.4% for the S&P 500.

Howard Financial Services, Ltd. holdings largest 50 of 234 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Howard Financial Services, Ltd. 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
QUALIshares Tr	11.3%	11.3%	486,269	-5.3%	$108.1M
SCHDSchwab Strategic Tr	6.7%	6.2%	1,962,559	+0.5%	$63.8M
VIGVanguard Specialized Funds	4.7%	4.7%	193,224	-3.7%	$45.1M
SPGPInvesco Exchange Traded Fd T	4.2%	4.0%	334,458	+2.0%	$39.7M
DGRWWisdomtree Tr	4.0%	3.8%	389,329	-2.3%	$37.9M
RSPInvesco Exchange Traded Fd T	3.9%	4.0%	180,533	-3.7%	$37.6M
46090A804Invesco Actively Managed Exc	3.7%	3.7%	801,013	+0.2%	$35.7M
HTRBHartford Fds Exchange Traded	3.6%	3.4%	1,070,662	+5.4%	$34.3M
AAPLApple Inc	3.4%	4.0%	96,581	-30.4%	$32.2M
SCHGSchwab Strategic Tr	3.4%	2.8%	889,957	+9.0%	$32.0M
PTRBPgim ETF Tr	3.3%	3.2%	796,745	+1.9%	$31.4M
IQLTIshares Tr	2.7%	2.6%	526,068	+1.8%	$26.0M
FNDFSchwab Strategic Tr	2.6%	2.4%	460,661	+2.1%	$24.8M
RDVYFirst Tr Exchange Traded Fd	2.4%	2.4%	292,508	-2.4%	$22.9M
ANGLVaneck ETF Trust	2.1%	2.0%	708,506	+2.6%	$19.7M
VIGIVanguard Whitehall Fds	1.9%	1.8%	193,953	-1.7%	$18.3M
XSOEWisdomtree Tr	1.9%	1.8%	385,953	+3.6%	$18.1M
SJNKState Street SPDR Bloomberg Short Term H	1.9%	1.7%	738,007	+10.1%	$17.9M
VPLSVanguard Malvern Fds	1.8%	1.0%	234,148	+86.8%	$17.3M
NVDANvidia Corporation	1.5%	1.6%	61,374	-25.2%	$14.0M
SPYState Str Spdr S&p 500 ETF T	1.4%	1.8%	16,977	-28.6%	$12.9M
MSFTMicrosoft Corp	1.3%	0.9%	25,016	-1.0%	$12.8M
TOTLSsga Active ETF Tr	1.2%	1.9%	303,188	-38.4%	$11.3M
QQQInvesco Qqq Tr	1.1%	1.2%	14,519	-12.8%	$10.7M
MOATVaneck Morningstar Wide Moat ETF	1.0%	1.0%	91,799	-6.0%	$9.7M
CALFPacer Fds Tr	0.9%	0.9%	166,236	-4.2%	$8.9M
JPSTJ P Morgan Exchange Traded F	0.8%	0.8%	148,088	-1.4%	$7.5M
BRK-BBerkshire Hathaway Inc Del	0.7%	0.8%	14,155	-7.0%	$7.0M
GOOGLAlphabet Inc	0.7%	0.6%	19,357	+9.2%	$6.7M
AVGOBroadcom Inc	0.7%	0.7%	17,708	-3.4%	$6.2M
AMZNAmazon Com Inc	0.6%	0.9%	23,921	-35.0%	$6.0M
IVVIshares Tr	0.6%	0.5%	7,307	+0.1%	$5.6M
FPEFirst Tr Exch Traded Fd III	0.6%	0.6%	327,744	-3.9%	$5.6M
EPDEnterprise Prods Partners L	0.5%	0.5%	141,181	+1.3%	$5.0M
VTIVanguard Index Fds	0.5%	0.4%	11,863	+7.1%	$4.4M
SBRSabine Rty Tr	0.5%	0.5%	62,217	-8.8%	$4.3M
ETPCEnergy Transfer L P	0.4%	0.4%	197,720	-1.9%	$3.9M
INTCIntel Corp	0.4%	0.4%	30,696	+0.8%	$3.7M
RODMLattice Strategies Tr	0.4%	0.4%	87,962	-1.2%	$3.6M
XOMExxonmobil Holdings Corp	0.4%	—	21,281	—	$3.5M
IGSBIshares Tr	0.3%	0.2%	64,743	+49.8%	$3.3M
SCHESchwab Strategic Tr	0.3%	0.3%	80,412	-1.0%	$2.9M
TSMTaiwan Semiconductor Manufac	0.3%	0.3%	6,400	-0.8%	$2.9M
MPLXMplx LP	0.3%	0.3%	49,258	+1.7%	$2.8M
PLTRPalantir Technologies Inc	0.3%	—	14,592	—	$2.7M
MUMicron Technology Inc	0.3%	0.3%	2,498	+10.7%	$2.7M
JPMJpmorgan Chase & Co	0.3%	0.3%	7,298	-5.3%	$2.4M
SCHFSchwab Strategic Tr	0.3%	0.3%	87,207	-4.9%	$2.4M
METAMeta Platforms Inc	0.2%	—	3,136	—	$2.3M
JNJJohnson & Johnson	0.2%	—	7,789	—	$2.1M

What Howard Financial Services, Ltd. bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +15.6% /yr; S&P 500 +20.1%
3 years: +12.0% /yr; S&P 500 +20.4%
5 years: +5.8% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$954.3M	234
Q2 2026	$1.0B	268
Q1 2026	$887.9M	222
Q4 2025	$855.1M	205
Q3 2025	$817.3M	198
Q2 2025	$760.6M	182
Q1 2025	$734.4M	183
Q4 2024	$735.1M	186
Q3 2024	$692.5M	168
Q2 2024	$610.2M	156
Q1 2024	$580.2M	159
Q4 2023	$518.1M	152

Questions about Howard Financial Services, Ltd.'s portfolio

What stocks does Howard Financial Services, Ltd. own?

Howard Financial Services, Ltd.'s latest 13F, for Q3 2026 and filed Oct 15, 2026, lists 234 positions worth $954.3M. The largest are Ishares Tr (QUAL) at 11.3%, Schwab Strategic Tr (SCHD) at 6.7%, Vanguard Specialized Funds (VIG) at 4.7%, Invesco Exchange Traded Fd T (SPGP) at 4.2% and Wisdomtree Tr (DGRW) at 4.0%.

What did Howard Financial Services, Ltd. buy last quarter?

In Q3 2026, Howard Financial Services, Ltd. added Vanguard Malvern Fds (VPLS) (+86.8% shares), Ishares Tr (IGSB) (+49.8% shares) and Micron Technology Inc (MU) (+10.7% shares), compared with its Q2 2026 filing.

What did Howard Financial Services, Ltd. sell last quarter?

In Q3 2026, Howard Financial Services, Ltd. cut from its top 50 Chipotle Mexican Grill Inc (CMG), cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Ge Vernova Inc (GEV), cut from its top 50 First Tr Exchng Traded Fd Vi (FIXD), Ssga Active ETF Tr (TOTL) (-38.4% shares), Amazon Com Inc (AMZN) (-35.0% shares) and Apple Inc (AAPL) (-30.4% shares), compared with its Q2 2026 filing.

How has Howard Financial Services, Ltd.'s portfolio performed?

A portfolio copying Howard Financial Services, Ltd.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +12.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +15.6% against +20.1%. Over 5 years: +5.8% a year against +11.6%.

When is Howard Financial Services, Ltd.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Howard Financial Services, Ltd.'s filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does Howard Financial Services, Ltd. manage?

Howard Financial Services, Ltd. reported $1.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $954.3M.