Latest HOWARD FINANCIAL SERVICES, LTD. Stock Portfolio

HOWARD FINANCIAL SERVICES, LTD. Performance:

2026 Q1: -1.21%YTD: -1.21%2025: 8.98%

Performance for 2026 Q1 is -1.21%, and YTD is -1.21%, and 2025 is 8.98%.

About HOWARD FINANCIAL SERVICES, LTD. and 13F Hedge Fund Stock Holdings

HOWARD FINANCIAL SERVICES, LTD. is a hedge fund based in Dallas, TX. On 2026-04-07, the fund reported it's updated stock portfolio. In the 13F Holdings report, HOWARD FINANCIAL SERVICES, LTD. reported an equity portfolio of $888 Millions as of 31 Mar, 2026.

The top stock holdings of HOWARD FINANCIAL SERVICES, LTD. are IBCE, FNDA, VIG. The fund has invested 10.9% of it's portfolio in ISHARES TR and 6.7% of portfolio in SCHWAB STRATEGIC TR.

The fund managers got completely rid off CADENCE BANK (CADE), ASTRAZENECA PLC (AZN) and VANGUARD INDEX FDS (VB) stocks. They significantly reduced their stock positions in SPDR SERIES TRUST (BIL), VANGUARD BD INDEX FDS (BIV) and ISHARES TR (IJR). HOWARD FINANCIAL SERVICES, LTD. opened new stock positions in UNITED STATES ANTIMONY CORP (UAMY), HUNTINGTON BANCSHARES INC (HBAN) and NATIONAL BK HLDGS CORP (NBHC). The fund showed a lot of confidence in some stocks as they added substantially to ADVISORSHARES TR (ACT), VANGUARD MALVERN FDS (VTIP) and RTX CORPORATION (RTX).

HOWARD FINANCIAL SERVICES, LTD. Annual Return Estimates Vs S&P 500

Our best estimate is that HOWARD FINANCIAL SERVICES, LTD. made a return of -1.21% in the last quarter. In trailing 12 months, it's portfolio return was 9.7%.

Performance
S&P 500

New Buys

Ticker	$ Bought
united states antimony corp	2,165,310
huntington bancshares inc	1,143,060
national bk hldgs corp	1,103,960
vanguard index fds	821,622
vanguard index fds	803,223
vanguard intl equity index f	784,935
vanguard scottsdale fds	781,739
ishares tr	615,036

New stocks bought by HOWARD FINANCIAL SERVICES, LTD.

Additions

Ticker	% Inc.
advisorshares tr	300
vanguard malvern fds	132
rtx corporation	117
vaneck etf trust	107
wells fargo co new	85.38
invesco exchange traded fd t	83.99
bank america corp	71.02
conocophillips	58.88

Additions to existing portfolio by HOWARD FINANCIAL SERVICES, LTD.

Reductions

Ticker	% Reduced
spdr series trust	-74.19
vanguard bd index fds	-41.18
ishares tr	-40.13
vanguard index fds	-28.58
ishares gold tr	-27.74
eog res inc	-26.62
ishares silver tr	-23.83
blackstone inc	-22.58

HOWARD FINANCIAL SERVICES, LTD. reduced stake in above stock

Sold off

Ticker	$ Sold
direxion shs etf tr	-103,290
cadence bank	-1,098,330
chewy inc	-221,832
vanguard index fds	-377,929
astrazeneca plc	-389,795
ishares tr	-216,235
grail inc	-219,966
disney walt co	-225,289

HOWARD FINANCIAL SERVICES, LTD. got rid off the above stocks

Sector Distribution

HOWARD FINANCIAL SERVICES, LTD. has about 76.1% of it's holdings in Others sector.

Sector	%
Others	76.1
Technology	13.7
Energy	2.6
Consumer Cyclical	1.6
Financial Services	1.5
Consumer Defensive	1.1
Communication Services	1.1

Market Cap. Distribution

HOWARD FINANCIAL SERVICES, LTD. has about 17.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	76.1
MEGA-CAP	13.2
SMALL-CAP	6
LARGE-CAP	4.4

Stocks belong to which Index?

About 21.2% of the stocks held by HOWARD FINANCIAL SERVICES, LTD. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	78.8
S&P 500	15.5
RUSSELL 2000	5.7

Top 5 Winners (%)		%
ELDN	eledon pharmaceuticals inc	104.0 %
TPL	texas pacific land corporati	64.9 %
XOM	exxon mobil corp	40.8 %
	cava group inc	37.8 %
CSD	invesco exchange traded fd t	37.3 %

Top 5 Winners ($)		$
FNDA	schwab strategic tr	6.3 M
FNDA	schwab strategic tr	1.5 M
XOM	exxon mobil corp	1.0 M
TPL	texas pacific land corporati	0.8 M
EPD	enterprise prods partners l	0.7 M

Top 5 Losers (%)		%
ACT	advisorshares tr	-40.4 %
CNDT	conduent inc	-33.3 %
	grayscale ethereum trust etf	-29.9 %
ALCC	oklo inc	-29.7 %
CRM	salesforce inc	-27.5 %

Top 5 Losers ($)		$
IBCE	ishares tr	-3.4 M
MSFT	microsoft corp	-2.8 M
AAPL	apple inc	-2.4 M
FNDA	schwab strategic tr	-2.4 M
CSD	invesco exchange traded fd t	-2.1 M

HOWARD FINANCIAL SERVICES, LTD. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of HOWARD FINANCIAL SERVICES, LTD.

HOWARD FINANCIAL SERVICES, LTD. has 221 stocks in it's portfolio. About 49.8% of the portfolio is in top 10 stocks. IBCE proved to be the most loss making stock for the portfolio. FNDA was the most profitable stock for HOWARD FINANCIAL SERVICES, LTD. last quarter.

Last Reported on: 07 Apr, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	3.93	137,531	34,904,100	added	5.55

AAXJ	ishares tr	0.24	40,419	2,124,450	added	10.66

AAXJ	ishares tr	0.00	0.00	0.00	sold off	-100

ABBV	abbvie inc	0.10	4,177	908,534	added	28.72

ABT	abbott labs	0.03	2,340	240,202	added	9.29

ACT	advisorshares tr	0.03	120,000	258,000	added	300

ACWF	ishares tr	2.48	476,503	22,028,700	added	6.47

ACWF	ishares tr	0.00	0.00	0.00	sold off	-100

ADBE	adobe inc	0.00	0.00	0.00	sold off	-100

ADP	automatic data processing in	0.00	0.00	0.00	sold off	-100

AEM	agnico eagle mines ltd	0.04	1,545	313,604	added	14.02

AFK	vaneck etf trust	2.16	669,176	19,218,700	added	8.71

AFK	vaneck etf trust	1.17	107,093	10,355,900	added	26.6

AFK	vaneck etf trust	0.08	1,857	711,840	added	107

AFK	vaneck etf trust	0.04	3,845	352,820	added	3.28

AFLG	first tr exchng traded fd vi	0.29	59,413	2,589,800	reduced	-4.27

AFTY	pacer fds tr	0.91	180,235	8,087,140	reduced	-14.33

AGNC	agnc invt corp	0.08	74,468	746,917	added	2.4

AGT	ishares tr	0.08	4,777	675,515	added	0.25

AGT	ishares tr	0.02	2,226	212,856	unchanged	0.00