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Portfolio (Quarterly) Guide ↗

HOWARD FINANCIAL SERVICES, LTD.

· CIK 0001768130
13F Portfolio $855M AUM Filed Jan 12, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 205 New
Page 7 of 11  ·  205 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 AGG ISHARES TR 4,418.0 $441K 0.05% NEW $99.87 -1.1%
122 WES WESTERN MIDSTREAM PARTNERS L Energy 10,947.0 $432K 0.05% NEW $39.50 +13.5%
123 CRM SALESFORCE INC Technology 1,621.0 $429K 0.05% NEW $264.91 -32.8%
124 TXN TEXAS INSTRS INC Technology 2,439.0 $423K 0.05% NEW $173.46 +82.0%
125 YUM YUM BRANDS INC Consumer Cyclical 2,762.0 $418K 0.05% NEW $151.28 +1.1%
126 TDAY USA TODAY CO INC Communication Services 80,000.0 $412K 0.05% NEW $5.15 +51.5%
127 PANW PALO ALTO NETWORKS INC Technology 2,211.0 $407K 0.05% NEW $184.20 +34.9%
128 MIDU DIREXION SHS ETF TR 8,000.0 $406K 0.05% NEW $50.76 +33.9%
129 SHY ISHARES TR 4,873.0 $404K 0.05% NEW $82.82 -0.7%
130 NXPI NXP SEMICONDUCTORS N V Technology 1,833.0 $398K 0.05% NEW $217.06 +52.0%
131 T AT&T INC Communication Services 16,003.0 $398K 0.05% NEW $24.84 +0.7%
132 BX BLACKSTONE INC Financial Services 2,569.0 $396K 0.05% NEW $154.15 -23.1%
133 ASTRAZENECA PLC 4,240.0 $390K 0.05% NEW $91.93
134 SPSM SPDR SERIES TRUST 8,306.0 $389K 0.05% NEW $46.86 +15.9%
135 VXF VANGUARD INDEX FDS 1,858.0 $388K 0.04% NEW $209.07 +12.0%
136 QQQE DIREXION SHS ETF TR 3,771.0 $386K 0.04% NEW $102.30 +14.5%
137 UPS UNITED PARCEL SERVICE INC Industrials 3,859.0 $383K 0.04% NEW $99.18 +5.0%
138 VNQ VANGUARD INDEX FDS 4,271.0 $378K 0.04% NEW $88.49 +9.8%
139 NEE NEXTERA ENERGY INC Utilities 4,579.0 $368K 0.04% NEW $80.29 +8.6%
140 BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 2,446.0 $359K 0.04% NEW $146.58 -12.9%
Page 7 of 11  ·  205 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 41.0%
Financial Services 21.0%
Energy 12.8%
Consumer Cyclical 8.6%
Communication Services 4.5%
Consumer Defensive 3.9%
Healthcare 3.3%
Industrials 3.2%
Utilities 1.0%
Real Estate 0.5%