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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 4 of 11  ·  205 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 BSM BLACK STONE MINERALS L P Energy 92,064.0 $1.2M 0.14% NEW $13.29 +1.0%
62 VNOM VIPER ENERGY INC Energy 31,666.0 $1.2M 0.14% NEW $38.63 +16.6%
63 TPL TEXAS PACIFIC LAND CORPORATI Energy 4,053.0 $1.2M 0.14% NEW $287.22 +41.4%
64 FNDA SCHWAB STRATEGIC TR 36,912.0 $1.2M 0.14% NEW $31.51 +15.1%
65 META META PLATFORMS INC Communication Services 1,747.0 $1.2M 0.14% NEW $659.99 -7.4%
66 DMLP DORCHESTER MINERALS LP Energy 50,961.0 $1.1M 0.13% NEW $22.36 +21.8%
67 CADENCE BANK 25,638.0 $1.1M 0.13% NEW $42.84
68 TQQQ PROSHARES TR 20,250.0 $1.1M 0.12% NEW $52.72 +53.9%
69 GEV GE VERNOVA INC Utilities 1,570.0 $1.0M 0.12% NEW $653.75 +59.9%
70 SPDW SPDR INDEX SHS FDS 22,431.0 $996K 0.12% NEW $44.41 +14.4%
71 NFLX NETFLIX INC Communication Services 10,580.0 $992K 0.12% NEW $93.76 -6.8%
72 LLY ELI LILLY & CO Healthcare 915.0 $983K 0.12% NEW $1074.67 +0.7%
73 GPIX GOLDMAN SACHS ETF TR 18,550.0 $979K 0.12% NEW $52.80 +5.5%
74 LUV SOUTHWEST AIRLS CO Industrials 22,726.0 $939K 0.11% NEW $41.33 +4.7%
75 ANNALY CAPITAL MANAGEMENT IN 41,957.0 $938K 0.11% NEW $22.36
76 JNJ JOHNSON & JOHNSON Healthcare 4,515.0 $934K 0.11% NEW $206.95 +11.9%
77 GHC GRAHAM HLDGS CO Consumer Defensive 841.0 $924K 0.11% NEW $1098.14 -0.2%
78 OKE ONEOK INC NEW Energy 12,555.0 $923K 0.11% NEW $73.50 +21.4%
79 GLD SPDR GOLD TR Financial Services 2,287.0 $906K 0.11% NEW $396.31 +3.1%
80 CRWD CROWDSTRIKE HLDGS INC Technology 1,884.0 $883K 0.10% NEW $468.76 +38.5%
Page 4 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%