13F HOLDINGS REPORT

HOWARD FINANCIAL SERVICES, LTD.

Quarter ended Q3 2023 · Filed July 12, 2023 · Accession 0001768130-23-000003

Total Value

$419.1M

Positions

147

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (147)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	46432F339	334,640	$45.1M	10.77%
2	SCHWAB STRATEGIC TR	808524797	605,409	$44.0M	10.49%
3	INVESCO EXCHANGE TRADED FD T	IVZ	287,120	$43.0M	10.25%
4	VANGUARD SPECIALIZED FUNDS	921908844	170,399	$27.7M	6.60%
5	ISHARES TR	46434V456	423,998	$15.1M	3.60%
6	APPLE INC	AAPL	74,894	$14.5M	3.47%
7	HARTFORD FDS EXCHANGE TRADED	41653L305	386,868	$12.9M	3.09%
8	VANGUARD WHITEHALL FDS	921946810	162,631	$12.2M	2.91%
9	FIRST TR EXCHNG TRADED FD VI	33740F805	263,826	$11.7M	2.78%
10	SPDR S&P 500 ETF TR	SPY	26,106	$11.6M	2.76%
11	SSGA ACTIVE ETF TR	78467V848	268,627	$10.9M	2.60%
12	PGIM ETF TR	69344A800	254,295	$10.5M	2.51%
13	INVESCO EXCHANGE TRADED FD T	IVZ	109,593	$9.9M	2.37%
14	SCHWAB STRATEGIC TR	808524755	301,759	$9.7M	2.32%
15	PACER FDS TR	69374H857	229,079	$9.3M	2.22%
16	WISDOMTREE TR	WT	320,322	$9.0M	2.14%
17	FIRST TR EXCHANGE-TRADED FD	33738R506	163,535	$7.7M	1.84%
18	J P MORGAN EXCHANGE TRADED F	46641Q837	129,099	$6.5M	1.54%
19	INVESCO QQQ TR	IVZ	16,022	$5.9M	1.41%
20	INVESCO ACTIVELY MANAGED ETF	IVZ	117,505	$5.5M	1.30%
21	MICROSOFT CORP	MSFT	14,518	$4.9M	1.18%
22	LATTICE STRATEGIES TR	518416102	182,828	$4.8M	1.15%
23	WISDOMTREE TR	WT	67,629	$4.5M	1.08%
24	CHIPOTLE MEXICAN GRILL INC	CMG	1,852	$4.0M	0.95%
25	PEPSICO INC	PEP	17,152	$3.2M	0.76%
26	VANECK ETF TRUST	92189F437	108,961	$3.0M	0.72%
27	SPDR SER TR	78468R408	121,391	$3.0M	0.72%
28	AMAZON COM INC	AMZN	19,856	$2.6M	0.62%
29	SCHWAB STRATEGIC TR	808524805	68,114	$2.4M	0.58%
30	ENERGY TRANSFER L P	ET-PI	159,397	$2.0M	0.48%
31	SCHWAB STRATEGIC TR	808524706	80,051	$2.0M	0.47%
32	SABINE RTY TR	785688102	25,414	$1.7M	0.40%
33	NVIDIA CORPORATION	NVDA	3,830	$1.6M	0.39%
34	VANECK ETF TRUST	92189F643	20,113	$1.6M	0.38%
35	BLACK STONE MINERALS L P	BSMLP	97,154	$1.5M	0.37%
36	ISHARES TR	46432F842	22,118	$1.5M	0.36%
37	ENTERPRISE PRODS PARTNERS L	293792107	56,477	$1.5M	0.36%
38	FIRST TR EXCH TRADED FD III	33739E108	87,744	$1.4M	0.33%
39	VANGUARD BD INDEX FDS	921937827	17,785	$1.3M	0.32%
40	VANGUARD INDEX FDS	922908769	6,088	$1.3M	0.32%
41	CADENCE BANK	12740C103	60,090	$1.2M	0.28%
42	J P MORGAN EXCHANGE TRADED F	46641Q332	21,241	$1.2M	0.28%
43	EXXON MOBIL CORP	XOM	10,508	$1.1M	0.27%
44	JANUS INTERNATIONAL GROUP IN	JBI	104,926	$1.1M	0.27%
45	SPDR INDEX SHS FDS	78463X889	33,584	$1.1M	0.26%
46	SPDR SER TR	78468R663	11,880	$1.1M	0.26%
47	BERKSHIRE HATHAWAY INC DEL	BRK-A	3,020	$1.0M	0.25%
48	DORCHESTER MINERALS LP	DMLP	34,334	$1.0M	0.25%
49	INDEPENDENT BANK GROUP INC	INDB	27,120	$936,452	0.22%
50	SCHWAB CHARLES CORP	SCHW-PJ	16,243	$920,666	0.22%
51	BROADCOM INC	AVGO	1,044	$905,209	0.22%
52	MASTERCARD INCORPORATED	MA	2,133	$838,989	0.20%
53	TESLA INC	TSLA	3,184	$833,476	0.20%
54	SCHWAB STRATEGIC TR	808524763	16,409	$827,859	0.20%
55	ONEOK INC NEW	OKE	13,295	$820,567	0.20%
56	NORTHROP GRUMMAN CORP	NOC	1,682	$766,840	0.18%
57	ISHARES TR	464288679	6,922	$764,535	0.18%
58	ISHARES TR	464287457	9,178	$744,165	0.18%
59	SOUTHWEST AIRLS CO	844741108	20,534	$743,538	0.18%
60	MERCK & CO INC	MRK	6,354	$733,205	0.17%
61	JPMORGAN CHASE & CO	VYLD	4,996	$726,571	0.17%
62	ALPHABET INC	GOOG	5,928	$709,582	0.17%
63	ISHARES TR	464287507	2,493	$651,871	0.16%
64	J P MORGAN EXCHANGE TRADED F	46654Q203	13,021	$629,826	0.15%
65	ASTRAZENECA PLC	AZN	8,177	$585,262	0.14%
66	VIPER ENERGY PARTNERS LP	VNOM	20,362	$546,304	0.13%
67	ISHARES INC	46434G103	11,003	$542,338	0.13%
68	VANGUARD INDEX FDS	922908553	6,069	$507,163	0.12%
69	ALPHABET INC	GOOG	4,192	$507,106	0.12%
70	TWO HBRS INVT CORP	90187B804	35,690	$495,372	0.12%
71	JOHNSON & JOHNSON	JNJ	2,940	$486,624	0.12%
72	PIONEER NAT RES CO	723787107	2,347	$486,167	0.12%
73	GRAHAM HLDGS CO	GHM	823	$470,153	0.11%
74	ABBVIE INC	ABBV	3,326	$448,109	0.11%
75	ISHARES TR	464287655	2,392	$447,902	0.11%
76	AGNC INVT CORP	00123Q104	44,064	$446,372	0.11%
77	SIREN ETF TR	829658301	7,829	$441,585	0.11%
78	CHEVRON CORP NEW	CVX	2,787	$438,549	0.10%
79	AMGEN INC	AMGN	1,972	$437,726	0.10%
80	CISCO SYS INC	CSCO	8,382	$433,674	0.10%
81	ANNALY CAPITAL MANAGEMENT IN	NLY-PJ	21,625	$432,714	0.10%
82	SCHWAB STRATEGIC TR	808524862	8,981	$431,626	0.10%
83	WALMART INC	WMT	2,737	$430,181	0.10%
84	VANGUARD INDEX FDS	922908652	2,872	$427,481	0.10%
85	SPDR GOLD TR	GLD	2,395	$426,957	0.10%
86	SPDR SER TR	78464A300	5,487	$423,519	0.10%
87	ISHARES TR	46435G425	4,300	$419,047	0.10%
88	PHILIP MORRIS INTL INC	718172109	4,276	$417,423	0.10%
89	CONOCOPHILLIPS	COP	3,861	$400,088	0.10%
90	SPDR INDEX SHS FDS	78463X509	11,388	$391,524	0.09%
91	MANAGED PORTFOLIO SERIES	56167N720	15,842	$390,554	0.09%
92	SPDR SER TR	78468R788	10,430	$386,731	0.09%
93	NORFOLK SOUTHN CORP	655844108	1,702	$385,946	0.09%
94	NETFLIX INC	NFLX	871	$383,667	0.09%
95	SPDR S&P MIDCAP 400 ETF TR	MDY	790	$378,339	0.09%
96	YUM BRANDS INC	YUM	2,689	$372,561	0.09%
97	ISHARES TR	464287622	1,452	$353,976	0.08%
98	LULULEMON ATHLETICA INC	LULU	885	$334,973	0.08%
99	J P MORGAN EXCHANGE TRADED F	46641Q191	6,051	$327,480	0.08%
100	DIREXION SHS ETF TR	25459W730	8,000	$324,160	0.08%
101	ISHARES TR	464287465	4,462	$323,495	0.08%
102	TEXAS INSTRS INC	882508104	1,761	$316,946	0.08%
103	HONEYWELL INTL INC	438516106	1,493	$309,889	0.07%
104	PROSHARES TR	74347G432	16,000	$302,560	0.07%
105	VISA INC	V	1,267	$300,912	0.07%
106	DIREXION SHS ETF TR	25460G336	30,000	$296,100	0.07%
107	META PLATFORMS INC	META	1,017	$291,859	0.07%
108	INTEL CORP	INTC	8,686	$290,468	0.07%
109	COCA COLA CO	KO	4,813	$289,816	0.07%
110	ISHARES TR	46434V464	1,839	$287,603	0.07%
111	BLACKSTONE INC	BX	3,086	$286,918	0.07%
112	NORTHERN OIL & GAS INC	NOG	8,214	$281,904	0.07%
113	SPDR INDEX SHS FDS	78463X541	5,205	$280,589	0.07%
114	INTERNATIONAL BUSINESS MACHS	INTR	2,035	$272,313	0.06%
115	GRANITE RIDGE RESOURCES INC	GRNT	40,931	$271,369	0.06%
116	ISHARES TR	46429B697	3,589	$266,749	0.06%
117	GOODYEAR TIRE & RUBR CO	382550101	19,475	$266,418	0.06%
118	VANGUARD INDEX FDS	922908363	637	$259,325	0.06%
119	HOME DEPOT INC	HD	833	$258,749	0.06%
120	DIREXION SHS ETF TR	25459Y207	3,264	$251,227	0.06%
121	ISHARES GOLD TR	IAU	6,873	$250,108	0.06%
122	DYNEX CAP INC	DX-PC	19,863	$250,077	0.06%
123	ALTRIA GROUP INC	MO	5,428	$245,911	0.06%
124	PROCTER AND GAMBLE CO	742718109	1,592	$241,571	0.06%
125	DIREXION SHS ETF TR	25460G161	3,028	$234,072	0.06%
126	ISHARES TR	464287309	3,137	$221,067	0.05%
127	COMSTOCK RES INC	LODE	18,315	$212,455	0.05%
128	PFIZER INC	PFE	5,779	$211,962	0.05%
129	SELECT SECTOR SPDR TR	81369Y803	1,200	$208,632	0.05%
130	FIRST TR EXCHANGE-TRADED FD	33738D101	7,530	$203,319	0.05%
131	ISHARES TR	464288810	3,585	$202,432	0.05%
132	CINEMARK HLDGS INC	CNK	11,111	$183,332	0.04%
133	GANNETT CO INC	TDAY	80,000	$180,000	0.04%
134	SNAP INC	SNAP	14,000	$165,760	0.04%
135	PALANTIR TECHNOLOGIES INC	PLTR	10,067	$154,327	0.04%
136	HANESBRANDS INC	410345102	22,268	$101,097	0.02%
137	SCHWAB CHARLES CORP	SCHW-PJ	10,000	$91,760	0.02%
138	EZCORP INC	EZPW	10,000	$83,800	0.02%
139	DIREXION SHS ETF TR	25459W540	10,000	$78,000	0.02%
140	SCHWAB CHARLES CORP	SCHW-PJ	15,000	$72,375	0.02%
141	SCHWAB CHARLES CORP	SCHW-PJ	10,000	$54,259	0.01%
142	MFS MULTIMARKET INCOME TR	MMT	10,000	$45,100	0.01%
143	UNITED STS NAT GAS FD LP	UNTCW	30,000	$41,577	0.01%
144	UNITED STS NAT GAS FD LP	UNTCW	40,000	$37,600	0.01%
145	CONDUENT INC	CNDT	10,000	$34,000	0.01%
146	APPHARVEST INC	03783T103	80,000	$29,600	0.01%
147	ARBOR REALTY TRUST INC	ABR-PF	40,000	$21,000	0.01%