13F HOLDINGS REPORT
HOWARD FINANCIAL SERVICES, LTD.
Quarter ended Q4 2025 · Filed January 12, 2026 · Accession 0001768130-26-000001
Total Value
$855.1M
Positions
205
Other Managers
0
Confidential Omitted
No
Holdings (205)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 46432F339 | 507,751 | $100.8M | 11.79% |
| 2 | SCHWAB STRATEGIC TR | 808524797 | 1,955,537 | $53.6M | 6.27% |
| 3 | VANGUARD SPECIALIZED FUNDS | 921908844 | 195,818 | $43.0M | 5.03% |
| 4 | INVESCO EXCHANGE TRADED FD T | IVZ | 335,500 | $38.2M | 4.47% |
| 5 | INVESCO EXCHANGE TRADED FD T | IVZ | 191,639 | $36.7M | 4.29% |
| 6 | APPLE INC | AAPL | 130,295 | $35.4M | 4.14% |
| 7 | INVESCO ACTIVELY MANAGED EXC | IVZ | 741,142 | $35.1M | 4.11% |
| 8 | HARTFORD FDS EXCHANGE TRADED | 41653L305 | 926,744 | $31.6M | 3.70% |
| 9 | WISDOMTREE TR | WT | 349,177 | $31.2M | 3.65% |
| 10 | PGIM ETF TR | 69344A800 | 732,998 | $30.8M | 3.60% |
| 11 | SPDR SERIES TRUST | 78468R408 | 839,936 | $21.3M | 2.49% |
| 12 | SSGA ACTIVE ETF TR | 78467V848 | 526,120 | $21.2M | 2.48% |
| 13 | SCHWAB STRATEGIC TR | 808524300 | 648,561 | $21.2M | 2.47% |
| 14 | ISHARES TR | 46434V456 | 447,563 | $20.3M | 2.38% |
| 15 | VANECK ETF TRUST | 92189F437 | 615,543 | $18.1M | 2.11% |
| 16 | SCHWAB STRATEGIC TR | 808524755 | 391,467 | $17.7M | 2.07% |
| 17 | FIRST TR EXCHANGE TRADED FD | 33738R506 | 243,410 | $16.9M | 1.98% |
| 18 | SPDR S&P 500 ETF TR | SPY | 24,546 | $16.7M | 1.96% |
| 19 | VANGUARD WHITEHALL FDS | 921946810 | 174,488 | $16.0M | 1.87% |
| 20 | NVIDIA CORPORATION | NVDA | 78,296 | $14.6M | 1.71% |
| 21 | WISDOMTREE TR | WT | 306,566 | $12.0M | 1.40% |
| 22 | MICROSOFT CORP | MSFT | 22,905 | $11.1M | 1.30% |
| 23 | INVESCO QQQ TR | IVZ | 17,413 | $10.7M | 1.25% |
| 24 | PACER FDS TR | 69374H857 | 210,377 | $9.3M | 1.09% |
| 25 | J P MORGAN EXCHANGE TRADED F | 46641Q837 | 174,653 | $8.8M | 1.03% |
| 26 | VANECK ETF TRUST | 92189F643 | 84,591 | $8.8M | 1.02% |
| 27 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 14,677 | $7.4M | 0.86% |
| 28 | AMAZON COM INC | AMZN | 29,460 | $6.8M | 0.80% |
| 29 | FIRST TR EXCH TRADED FD III | 33739E108 | 360,571 | $6.6M | 0.77% |
| 30 | BROADCOM INC | AVGO | 15,274 | $5.3M | 0.62% |
| 31 | SABINE RTY TR | 785688102 | 68,012 | $4.7M | 0.55% |
| 32 | ISHARES TR | 464287200 | 6,585 | $4.5M | 0.53% |
| 33 | VANGUARD INDEX FDS | 922908769 | 11,949 | $4.0M | 0.47% |
| 34 | SPDR SERIES TRUST | 78468R663 | 42,092 | $3.8M | 0.45% |
| 35 | ENTERPRISE PRODS PARTNERS L | 293792107 | 119,376 | $3.8M | 0.45% |
| 36 | LATTICE STRATEGIES TR | 518416102 | 93,710 | $3.5M | 0.41% |
| 37 | CHIPOTLE MEXICAN GRILL INC | CMG | 93,320 | $3.5M | 0.40% |
| 38 | ALPHABET INC | GOOG | 10,843 | $3.4M | 0.40% |
| 39 | ENERGY TRANSFER L P | ET-PI | 188,175 | $3.1M | 0.36% |
| 40 | VANGUARD MALVERN FDS | 922020755 | 37,210 | $2.9M | 0.34% |
| 41 | VANGUARD BD INDEX FDS | 921937827 | 35,779 | $2.8M | 0.33% |
| 42 | TESLA INC | TSLA | 6,202 | $2.8M | 0.33% |
| 43 | FIRST TR EXCHNG TRADED FD VI | 33740F805 | 62,065 | $2.8M | 0.32% |
| 44 | SCHWAB STRATEGIC TR | 808524706 | 81,886 | $2.7M | 0.31% |
| 45 | SCHWAB STRATEGIC TR | 808524805 | 101,712 | $2.4M | 0.29% |
| 46 | EXXON MOBIL CORP | XOM | 20,303 | $2.4M | 0.29% |
| 47 | PALANTIR TECHNOLOGIES INC | PLTR | 13,665 | $2.4M | 0.28% |
| 48 | MPLX LP | MPLXP | 44,734 | $2.4M | 0.28% |
| 49 | PEPSICO INC | PEP | 15,648 | $2.2M | 0.26% |
| 50 | JPMORGAN CHASE & CO. | VYLD | 6,241 | $2.0M | 0.24% |
| 51 | ISHARES TR | 464288646 | 36,524 | $1.9M | 0.23% |
| 52 | SCHWAB CHARLES CORP | SCHW-PJ | 17,434 | $1.7M | 0.20% |
| 53 | ISHARES TR | 46432F842 | 19,379 | $1.7M | 0.20% |
| 54 | ALPHABET INC | GOOG | 5,334 | $1.7M | 0.20% |
| 55 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 5,193 | $1.6M | 0.18% |
| 56 | SOUTHSTATE BK CORP | 84472E102 | 16,149 | $1.5M | 0.18% |
| 57 | MASTERCARD INCORPORATED | MA | 2,639 | $1.5M | 0.18% |
| 58 | INTERNATIONAL BUSINESS MACHS | INTR | 4,590 | $1.4M | 0.16% |
| 59 | GE AEROSPACE | 369604301 | 4,323 | $1.3M | 0.16% |
| 60 | WALMART INC | WMT | 11,125 | $1.2M | 0.14% |
| 61 | BLACK STONE MINERALS L P | BSMLP | 92,064 | $1.2M | 0.14% |
| 62 | VIPER ENERGY INC | VNOM | 31,666 | $1.2M | 0.14% |
| 63 | TEXAS PACIFIC LAND CORPORATI | TPL | 4,053 | $1.2M | 0.14% |
| 64 | SCHWAB STRATEGIC TR | 808524763 | 36,912 | $1.2M | 0.14% |
| 65 | META PLATFORMS INC | META | 1,747 | $1.2M | 0.13% |
| 66 | DORCHESTER MINERALS LP | DMLP | 50,961 | $1.1M | 0.13% |
| 67 | CADENCE BANK | 12740C103 | 25,638 | $1.1M | 0.13% |
| 68 | PROSHARES TR | 74347X831 | 20,250 | $1.1M | 0.12% |
| 69 | GE VERNOVA INC | GEV | 1,570 | $1.0M | 0.12% |
| 70 | SPDR INDEX SHS FDS | 78463X889 | 22,431 | $996,147 | 0.12% |
| 71 | NETFLIX INC | NFLX | 10,580 | $991,981 | 0.12% |
| 72 | ELI LILLY & CO | LLY | 915 | $983,320 | 0.11% |
| 73 | GOLDMAN SACHS ETF TR | NVGLF | 18,550 | $979,440 | 0.11% |
| 74 | SOUTHWEST AIRLS CO | 844741108 | 22,726 | $939,283 | 0.11% |
| 75 | ANNALY CAPITAL MANAGEMENT IN | NLY-PJ | 41,957 | $938,154 | 0.11% |
| 76 | JOHNSON & JOHNSON | JNJ | 4,515 | $934,360 | 0.11% |
| 77 | GRAHAM HLDGS CO | GHM | 841 | $923,536 | 0.11% |
| 78 | ONEOK INC NEW | OKE | 12,555 | $922,793 | 0.11% |
| 79 | SPDR GOLD TR | GLD | 2,287 | $906,361 | 0.11% |
| 80 | CROWDSTRIKE HLDGS INC | CRWD | 1,884 | $883,144 | 0.10% |
| 81 | MERCK & CO INC | MRK | 7,807 | $821,752 | 0.10% |
| 82 | CISCO SYS INC | CSCO | 10,661 | $821,203 | 0.10% |
| 83 | NUVEEN MUN VALUE FD INC | NU | 90,060 | $815,944 | 0.10% |
| 84 | COSTCO WHSL CORP NEW | 22160K105 | 930 | $802,305 | 0.09% |
| 85 | PHILIP MORRIS INTL INC | 718172109 | 4,998 | $801,743 | 0.09% |
| 86 | ISHARES INC | 46434G103 | 11,705 | $786,821 | 0.09% |
| 87 | AGNC INVT CORP | 00123Q104 | 72,721 | $779,572 | 0.09% |
| 88 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1 | $754,800 | 0.09% |
| 89 | BOOKING HOLDINGS INC | BKNG | 140 | $749,746 | 0.09% |
| 90 | ABBVIE INC | ABBV | 3,245 | $741,514 | 0.09% |
| 91 | J P MORGAN EXCHANGE TRADED F | 46654Q203 | 12,393 | $720,304 | 0.08% |
| 92 | ISHARES TR | 46435G425 | 4,765 | $709,872 | 0.08% |
| 93 | JANUS INTERNATIONAL GROUP IN | JBI | 104,926 | $686,216 | 0.08% |
| 94 | CHEVRON CORP NEW | CVX | 4,380 | $667,601 | 0.08% |
| 95 | NORTHROP GRUMMAN CORP | NOC | 1,143 | $651,472 | 0.08% |
| 96 | VISA INC | V | 1,851 | $649,088 | 0.08% |
| 97 | MORGAN STANLEY | MS-PQ | 3,579 | $635,461 | 0.07% |
| 98 | AMGEN INC | AMGN | 1,936 | $633,600 | 0.07% |
| 99 | HOME DEPOT INC | HD | 1,831 | $630,157 | 0.07% |
| 100 | VANGUARD INDEX FDS | 922908363 | 984 | $617,007 | 0.07% |
| 101 | MICRON TECHNOLOGY INC | MU | 2,119 | $604,926 | 0.07% |
| 102 | ISHARES TR | 464287507 | 8,974 | $592,313 | 0.07% |
| 103 | ISHARES TR | 464287309 | 4,733 | $583,361 | 0.07% |
| 104 | COCA COLA CO | KO | 8,329 | $582,281 | 0.07% |
| 105 | INTUITIVE SURGICAL INC | ISRG | 973 | $551,068 | 0.06% |
| 106 | AMERICAN EXPRESS CO | AXP | 1,456 | $538,587 | 0.06% |
| 107 | COREWEAVE INC | CRWV | 7,517 | $538,292 | 0.06% |
| 108 | INVESCO EXCH TRADED FD TR II | IVZ | 2,122 | $536,622 | 0.06% |
| 109 | NORFOLK SOUTHN CORP | 655844108 | 1,825 | $526,914 | 0.06% |
| 110 | UBER TECHNOLOGIES INC | UBER | 6,363 | $519,921 | 0.06% |
| 111 | BANK AMERICA CORP | 060505104 | 9,385 | $516,193 | 0.06% |
| 112 | ISHARES GOLD TR | IAU | 6,352 | $515,592 | 0.06% |
| 113 | KIMBELL RTY PARTNERS LP | 49435R102 | 43,815 | $515,264 | 0.06% |
| 114 | MARVELL TECHNOLOGY INC | MRVL | 6,012 | $510,881 | 0.06% |
| 115 | SELECT SECTOR SPDR TR | 81369Y803 | 3,507 | $504,840 | 0.06% |
| 116 | ALTRIA GROUP INC | MO | 8,700 | $501,655 | 0.06% |
| 117 | SIREN ETF TR | 829658301 | 6,397 | $487,613 | 0.06% |
| 118 | SPDR SERIES TRUST | 78468R788 | 11,194 | $484,126 | 0.06% |
| 119 | SPDR SERIES TRUST | 78464A300 | 5,112 | $465,053 | 0.05% |
| 120 | INTEL CORP | INTC | 12,377 | $456,703 | 0.05% |
| 121 | ISHARES TR | 464287226 | 4,418 | $441,225 | 0.05% |
| 122 | WESTERN MIDSTREAM PARTNERS L | WES | 10,947 | $432,419 | 0.05% |
| 123 | SALESFORCE INC | CRM | 1,621 | $429,419 | 0.05% |
| 124 | TEXAS INSTRS INC | 882508104 | 2,439 | $423,059 | 0.05% |
| 125 | YUM BRANDS INC | YUM | 2,762 | $417,835 | 0.05% |
| 126 | USA TODAY CO INC | TDAY | 80,000 | $412,000 | 0.05% |
| 127 | PALO ALTO NETWORKS INC | PANW | 2,211 | $407,266 | 0.05% |
| 128 | DIREXION SHS ETF TR | 25459W730 | 8,000 | $406,080 | 0.05% |
| 129 | ISHARES TR | 464287457 | 4,873 | $403,575 | 0.05% |
| 130 | NXP SEMICONDUCTORS N V | NXPI | 1,833 | $397,871 | 0.05% |
| 131 | AT&T INC | T-PC | 16,003 | $397,522 | 0.05% |
| 132 | BLACKSTONE INC | BX | 2,569 | $396,024 | 0.05% |
| 133 | ASTRAZENECA PLC | AZN | 4,240 | $389,795 | 0.05% |
| 134 | SPDR SERIES TRUST | 78468R853 | 8,306 | $389,237 | 0.05% |
| 135 | VANGUARD INDEX FDS | 922908652 | 1,858 | $388,455 | 0.05% |
| 136 | DIREXION SHS ETF TR | 25459Y207 | 3,771 | $385,791 | 0.05% |
| 137 | UNITED PARCEL SERVICE INC | UPS | 3,859 | $382,733 | 0.04% |
| 138 | VANGUARD INDEX FDS | 922908553 | 4,271 | $377,929 | 0.04% |
| 139 | NEXTERA ENERGY INC | NEE-PW | 4,579 | $367,633 | 0.04% |
| 140 | ALIBABA GROUP HLDG LTD | BBAAY | 2,446 | $358,535 | 0.04% |
| 141 | JOHNSON OUTDOORS INC | JOUT | 8,424 | $357,603 | 0.04% |
| 142 | CAVA GROUP INC | CAVA | 6,085 | $357,129 | 0.04% |
| 143 | ISHARES SILVER TR | SLV | 5,531 | $356,307 | 0.04% |
| 144 | VANGUARD WORLD FD | 92204A702 | 469 | $353,453 | 0.04% |
| 145 | RBB FD INC | 74933W601 | 4,773 | $342,565 | 0.04% |
| 146 | ORACLE CORP | ORCL-PD | 1,705 | $332,357 | 0.04% |
| 147 | TORTOISE CAPITAL SERIES TRUS | 890930308 | 9,415 | $332,287 | 0.04% |
| 148 | VERIZON COMMUNICATIONS INC | VZ | 8,131 | $331,186 | 0.04% |
| 149 | WELLS FARGO CO NEW | 949746101 | 3,488 | $325,093 | 0.04% |
| 150 | GOLDMAN SACHS GROUP INC | GSCE | 368 | $323,466 | 0.04% |
| 151 | VANECK ETF TRUST | 92189F676 | 894 | $321,830 | 0.04% |
| 152 | CATERPILLAR INC | CAT | 558 | $319,911 | 0.04% |
| 153 | VANECK ETF TRUST | 92189F106 | 3,723 | $319,289 | 0.04% |
| 154 | THERMO FISHER SCIENTIFIC INC | TMO | 550 | $318,951 | 0.04% |
| 155 | FIRST TR EXCHANGE-TRADED FD | 33738D101 | 8,300 | $314,320 | 0.04% |
| 156 | ADVANCED MICRO DEVICES INC | AMD | 1,454 | $311,389 | 0.04% |
| 157 | CONOCOPHILLIPS | COP | 3,317 | $310,464 | 0.04% |
| 158 | DELL TECHNOLOGIES INC | DELL | 2,443 | $307,487 | 0.04% |
| 159 | SELECT SECTOR SPDR TR | 81369Y506 | 6,803 | $304,182 | 0.04% |
| 160 | PRUDENTIAL FINL INC | PUKPF | 2,648 | $298,855 | 0.03% |
| 161 | EOG RES INC | EOG | 2,787 | $292,635 | 0.03% |
| 162 | OKLO INC | OKLO | 4,042 | $290,054 | 0.03% |
| 163 | GRAYSCALE ETHEREUM TRUST ETF | 389638107 | 11,850 | $288,785 | 0.03% |
| 164 | ISHARES TR | 464287614 | 603 | $285,446 | 0.03% |
| 165 | CAPITAL ONE FINL CORP | 14040H105 | 1,173 | $284,288 | 0.03% |
| 166 | GILDAN ACTIVEWEAR INC | GIL | 4,310 | $269,203 | 0.03% |
| 167 | PFIZER INC | PFE | 10,788 | $268,620 | 0.03% |
| 168 | ABBOTT LABS | ABLZF | 2,141 | $268,189 | 0.03% |
| 169 | EQT CORP | EQT | 5,000 | $268,000 | 0.03% |
| 170 | INVESCO EXCHANGE TRADED FD T | IVZ | 3,351 | $266,716 | 0.03% |
| 171 | INVESCO EXCHANGE TRADED FD T | IVZ | 1,686 | $264,152 | 0.03% |
| 172 | RTX CORPORATION | RTX | 1,438 | $263,736 | 0.03% |
| 173 | BOEING CO | BA-PA | 1,179 | $255,984 | 0.03% |
| 174 | UNION PAC CORP | UNP | 1,106 | $255,909 | 0.03% |
| 175 | UNITEDHEALTH GROUP INC | UNH | 772 | $254,986 | 0.03% |
| 176 | ISHARES INC | 46434G764 | 3,481 | $253,012 | 0.03% |
| 177 | NEWMONT CORP | NEMCL | 2,528 | $252,437 | 0.03% |
| 178 | AUTOMATIC DATA PROCESSING IN | ADP | 916 | $235,706 | 0.03% |
| 179 | MCDONALDS CORP | MCD | 758 | $231,621 | 0.03% |
| 180 | PROCTER AND GAMBLE CO | 742718109 | 1,608 | $230,466 | 0.03% |
| 181 | AGNICO EAGLE MINES LTD | AEM | 1,355 | $229,713 | 0.03% |
| 182 | CIRCLE INTERNET GROUP INC | CRCL | 2,883 | $228,622 | 0.03% |
| 183 | DISNEY WALT CO | 254687106 | 1,980 | $225,289 | 0.03% |
| 184 | SELECT SECTOR SPDR TR | 81369Y605 | 4,099 | $224,502 | 0.03% |
| 185 | CME GROUP INC | CME | 821 | $224,213 | 0.03% |
| 186 | LOCKHEED MARTIN CORP | LMT | 459 | $221,933 | 0.03% |
| 187 | CHEWY INC | CHWY | 6,712 | $221,832 | 0.03% |
| 188 | GRAIL INC | GRAL | 2,570 | $219,966 | 0.03% |
| 189 | STAR HLDGS | STHO | 26,629 | $219,157 | 0.03% |
| 190 | TRAVELERS COMPANIES INC | TRV | 748 | $216,965 | 0.03% |
| 191 | ELEVANCE HEALTH INC FORMERLY | ELV | 617 | $216,374 | 0.03% |
| 192 | ISHARES TR | 464288810 | 3,479 | $216,235 | 0.03% |
| 193 | ISHARES TR | 464287515 | 2,028 | $214,345 | 0.03% |
| 194 | ADOBE INC | ADBE | 611 | $213,844 | 0.03% |
| 195 | ISHARES TR | 46435G516 | 2,226 | $211,677 | 0.02% |
| 196 | SPROTT ASSET MANAGEMENT LP | SII | 6,369 | $210,304 | 0.02% |
| 197 | ISHARES TR | 46434V464 | 907 | $209,091 | 0.02% |
| 198 | KIMBERLY-CLARK CORP | KMB | 2,056 | $207,430 | 0.02% |
| 199 | DOMINION ENERGY INC | D | 3,532 | $206,942 | 0.02% |
| 200 | ADVISORSHARES TR | 00768Y289 | 30,000 | $134,400 | 0.02% |
| 201 | DIREXION SHS ETF TR | 25460G112 | 33,000 | $103,290 | 0.01% |
| 202 | PERMROCK ROYALTY TRUST | PRT | 28,741 | $80,475 | 0.01% |
| 203 | ELEDON PHARMACEUTICALS INC | ELDN | 30,000 | $45,300 | 0.01% |
| 204 | ZJK INDL CO. LTD. | G98Y9E102 | 12,500 | $25,000 | 0.00% |
| 205 | CONDUENT INC | CNDT | 10,000 | $19,200 | 0.00% |