13F HOLDINGS REPORT

HOWARD FINANCIAL SERVICES, LTD.

Quarter ended Q1 2023 · Filed January 13, 2023 · Accession 0001768130-23-000001

Total Value

$380.7M

Positions

141

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (141)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SCHWAB STRATEGIC TR	808524797	628,262	$47.5M	12.47%
2	INVESCO EXCHANGE TRADED FD T	IVZ	299,366	$42.3M	11.11%
3	ISHARES TR	46432F339	356,363	$40.6M	10.67%
4	VANGUARD SPECIALIZED FUNDS	921908844	180,358	$27.4M	7.19%
5	ISHARES TR	46434V456	399,955	$13.0M	3.40%
6	VANGUARD WHITEHALL FDS	921946810	154,446	$10.8M	2.82%
7	HARTFORD FDS EXCHANGE TRADED	41653L305	306,658	$10.1M	2.66%
8	FIRST TR EXCHNG TRADED FD VI	33740F805	221,727	$9.7M	2.56%
9	APPLE INC	AAPL	74,784	$9.7M	2.55%
10	SPDR S&P 500 ETF TR	SPY	25,044	$9.6M	2.52%
11	SSGA ACTIVE ETF TR	78467V848	224,896	$9.0M	2.37%
12	PACER FDS TR	69374H857	230,682	$8.3M	2.18%
13	PGIM ETF TR	69344A800	190,858	$7.8M	2.05%
14	WISDOMTREE TR	WT	292,079	$7.8M	2.05%
15	SCHWAB STRATEGIC TR	808524755	261,165	$7.6M	1.99%
16	INVESCO EXCHANGE TRADED FD T	IVZ	86,495	$7.1M	1.88%
17	LATTICE STRATEGIES TR	518416102	266,992	$6.6M	1.74%
18	J P MORGAN EXCHANGE TRADED F	46641Q837	127,051	$6.4M	1.67%
19	FIRST TR EXCHANGE-TRADED FD	33738R506	130,476	$5.7M	1.51%
20	INVESCO ACTIVELY MANAGED ETF	IVZ	114,809	$5.3M	1.40%
21	INVESCO QQQ TR	IVZ	15,715	$4.2M	1.10%
22	WISDOMTREE TR	WT	67,597	$4.1M	1.07%
23	MICROSOFT CORP	MSFT	14,277	$3.4M	0.90%
24	SPDR SER TR	78468R408	128,357	$3.1M	0.82%
25	PEPSICO INC	PEP	16,951	$3.1M	0.80%
26	VANECK ETF TRUST	92189F437	106,279	$2.9M	0.75%
27	CHIPOTLE MEXICAN GRILL INC	CMG	1,864	$2.6M	0.68%
28	SCHWAB STRATEGIC TR	808524805	72,721	$2.3M	0.62%
29	SCHWAB STRATEGIC TR	808524706	96,567	$2.3M	0.60%
30	SABINE RTY TR	785688102	25,214	$2.1M	0.56%
31	ENERGY TRANSFER L P	ET-PI	158,037	$1.9M	0.49%
32	FIRST TR EXCH TRADED FD III	33739E108	111,255	$1.9M	0.49%
33	INDEPENDENT BANK GROUP INC	INDB	26,680	$1.6M	0.42%
34	AMAZON COM INC	AMZN	19,009	$1.6M	0.42%
35	SPDR SER TR	78468R663	17,408	$1.6M	0.42%
36	BLACK STONE MINERALS L P	BSMLP	93,327	$1.6M	0.41%
37	CADENCE BANK	12740C103	56,857	$1.4M	0.37%
38	ISHARES TR	46432F842	22,432	$1.4M	0.36%
39	VANGUARD BD INDEX FDS	921937827	17,573	$1.3M	0.35%
40	J P MORGAN EXCHANGE TRADED F	46641Q332	22,212	$1.2M	0.32%
41	VANGUARD INDEX FDS	922908769	6,048	$1.2M	0.30%
42	SPDR INDEX SHS FDS	78463X889	37,845	$1.1M	0.30%
43	EXXON MOBIL CORP	XOM	9,567	$1.1M	0.28%
44	DORCHESTER MINERALS LP	DMLP	34,307	$1.0M	0.27%
45	VANECK ETF TRUST	92189F643	15,723	$1.0M	0.27%
46	JANUS INTERNATIONAL GROUP IN	JBI	104,926	$998,896	0.26%
47	BERKSHIRE HATHAWAY INC DEL	BRK-A	3,066	$947,087	0.25%
48	NORTHROP GRUMMAN CORP	NOC	1,673	$912,893	0.24%
49	ONEOK INC NEW	OKE	13,686	$899,170	0.24%
50	NORTHERN LTS FD TR III	NTRSO	43,074	$897,510	0.24%
51	ISHARES TR	464288679	7,486	$822,861	0.22%
52	ISHARES TR	464287465	12,432	$816,036	0.21%
53	SCHWAB STRATEGIC TR	808524763	16,311	$762,031	0.20%
54	MASTERCARD INCORPORATED	MA	2,100	$730,317	0.19%
55	MERCK & CO INC	MRK	6,277	$696,386	0.18%
56	VANGUARD INDEX FDS	922908553	8,377	$690,900	0.18%
57	ISHARES TR	464287200	1,721	$661,225	0.17%
58	VIPER ENERGY PARTNERS LP	VNOM	20,362	$647,298	0.17%
59	SOUTHWEST AIRLS CO	844741108	19,142	$644,504	0.17%
60	TWO HBRS INVT CORP	90187B408	37,865	$597,131	0.16%
61	JPMORGAN CHASE & CO	VYLD	4,336	$581,444	0.15%
62	BROADCOM INC	AVGO	1,019	$569,735	0.15%
63	ISHARES TR	464287507	2,355	$569,636	0.15%
64	NVIDIA CORPORATION	NVDA	3,836	$560,602	0.15%
65	ASTRAZENECA PLC	AZN	8,062	$546,616	0.14%
66	ISHARES TR	464287655	2,981	$519,827	0.14%
67	J P MORGAN EXCHANGE TRADED F	46654Q203	12,687	$517,630	0.14%
68	ISHARES INC	46434G103	11,003	$513,840	0.13%
69	ISHARES TR	464287457	6,288	$510,425	0.13%
70	ABBVIE INC	ABBV	3,141	$507,575	0.13%
71	SIREN ETF TR	829658301	10,288	$501,773	0.13%
72	GRAHAM HLDGS CO	GHM	818	$494,453	0.13%
73	NORFOLK SOUTHN CORP	655844108	1,958	$482,490	0.13%
74	CONOCOPHILLIPS	COP	4,041	$476,806	0.13%
75	MANAGED PORTFOLIO SERIES	56167N720	18,856	$465,558	0.12%
76	JOHNSON & JOHNSON	JNJ	2,609	$460,829	0.12%
77	ALPHABET INC	GOOG	5,210	$459,678	0.12%
78	CHEVRON CORP NEW	CVX	2,554	$458,438	0.12%
79	VANGUARD MUN BD FDS	922907746	8,821	$436,551	0.11%
80	PHILIP MORRIS INTL INC	718172109	4,276	$432,774	0.11%
81	AMGEN INC	AMGN	1,647	$432,658	0.11%
82	AGNC INVT CORP	00123Q104	41,656	$431,136	0.11%
83	ANNALY CAPITAL MANAGEMENT IN	NLY-PJ	20,441	$430,894	0.11%
84	SPDR SER TR	78464A300	5,478	$406,603	0.11%
85	SPDR SER TR	78468R788	10,190	$403,311	0.11%
86	CISCO SYS INC	CSCO	8,228	$392,002	0.10%
87	WALMART INC	WMT	2,702	$383,164	0.10%
88	VANGUARD INDEX FDS	922908652	2,866	$380,815	0.10%
89	ALPHABET INC	GOOG	4,222	$374,618	0.10%
90	SPDR INDEX SHS FDS	78463X509	11,322	$373,178	0.10%
91	PIONEER NAT RES CO	723787107	1,602	$365,981	0.10%
92	SCHWAB STRATEGIC TR	808524862	7,583	$365,795	0.10%
93	ISHARES TR	46435G425	4,264	$361,388	0.09%
94	SPDR GOLD TR	GLD	2,110	$357,940	0.09%
95	SPDR S&P MIDCAP 400 ETF TR	MDY	790	$349,804	0.09%
96	YUM BRANDS INC	YUM	2,688	$344,279	0.09%
97	COMSTOCK RES INC	LODE	24,250	$332,474	0.09%
98	TESLA INC	TSLA	2,642	$325,442	0.09%
99	PROSHARES TR	74347X831	18,500	$320,050	0.08%
100	COCA COLA CO	KO	4,969	$316,059	0.08%
101	ISHARES TR	46434V803	11,214	$302,778	0.08%
102	VISA INC	V	1,409	$292,712	0.08%
103	SPDR INDEX SHS FDS	78463X541	5,117	$291,761	0.08%
104	NETFLIX INC	NFLX	988	$291,341	0.08%
105	TEXAS INSTRS INC	882508104	1,751	$289,236	0.08%
106	J P MORGAN EXCHANGE TRADED F	46641Q191	5,835	$282,998	0.07%
107	DIREXION SHS ETF TR	25459W730	8,000	$282,320	0.07%
108	PACER FDS TR	69374H667	7,512	$270,438	0.07%
109	HONEYWELL INTL INC	438516106	1,239	$265,518	0.07%
110	ISHARES TR	46434V464	1,902	$262,751	0.07%
111	ISHARES TR	46429B697	3,563	$256,877	0.07%
112	NORTHERN OIL AND GAS INC MN	NOG	8,214	$253,155	0.07%
113	PROCTER AND GAMBLE CO	742718109	1,664	$252,254	0.07%
114	ALTRIA GROUP INC	MO	5,350	$244,541	0.06%
115	DYNEX CAP INC	DX-PC	18,834	$239,565	0.06%
116	VANECK ETF TRUST	92189F106	8,308	$238,116	0.06%
117	UNITEDHEALTH GROUP INC	UNH	440	$233,279	0.06%
118	ISHARES TR	464287622	1,098	$231,207	0.06%
119	BLACKSTONE INC	BX	3,084	$228,768	0.06%
120	MCDONALDS CORP	MCD	858	$226,082	0.06%
121	PFIZER INC	PFE	4,392	$225,072	0.06%
122	SUNCOR ENERGY INC NEW	SU	7,000	$222,110	0.06%
123	HOME DEPOT INC	HD	678	$214,140	0.06%
124	FIRST TR EXCHANGE TRADED FD	33734X143	1,950	$212,024	0.06%
125	DIREXION SHS ETF TR	25459Y207	3,262	$208,189	0.05%
126	VANGUARD WORLD FDS	92204A702	648	$207,093	0.05%
127	ISHARES GOLD TR	IAU	5,966	$206,364	0.05%
128	VANGUARD INTL EQUITY INDEX F	922042858	5,275	$205,607	0.05%
129	ISHARES SILVER TR	SLV	9,098	$200,338	0.05%
130	GANNETT CO INC	TDAY	80,000	$162,400	0.04%
131	HANESBRANDS INC	410345102	22,268	$141,624	0.04%
132	GOODYEAR TIRE & RUBR CO	382550101	13,000	$131,950	0.03%
133	EZCORP INC	EZPW	15,000	$122,250	0.03%
134	INVESCO QQQ TR	IVZ	15,000	$102,057	0.03%
135	CINEMARK HLDGS INC	CNK	11,111	$96,221	0.03%
136	DIREXION SHS ETF TR	25460G575	30,280	$92,051	0.02%
137	SNAP INC	SNAP	10,000	$89,500	0.02%
138	PALANTIR TECHNOLOGIES INC	PLTR	10,067	$64,630	0.02%
139	MFS MULTIMARKET INCOME TR	MMT	14,000	$63,140	0.02%
140	CONDUENT INC	CNDT	10,000	$40,500	0.01%
141	ARK ETF TR	00214Q104	30,000	$39,900	0.01%