HOWARD FINANCIAL SERVICES LTD
Q2 2025 Form 13-F
DALLAS, TEXAS
CIK 0001768130
· CRD 107978
· SEC-registered investment adviser
$760.7M Reported Value Total
HOWARD FINANCIAL SERVICES, LTD. reports 1,485 total accounts under management (AUM). There are 1,467 discretionary accounts valued at $1,422,283,643, and 18 non-discretionary accounts valued at $1,513,152.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
101 funds
· $349.0M gross asset value
Real Estate Fund: $213.6M · Other: $130.2M · Hedge Fund: $5.2M
Source: Form ADV filed 2026-08-12
Reported value
$760.7M
Quarter over quarter
+4.7%
Holdings
182
Top-10 concentration
52.9%
Key People
Form ADV owners & control persons
James N Howard
SHAREHOLDER
Derek Daniel Childs
MEMBER
Randall Wyatt Horton
DIRECTOR OF PUBLIC INVESTMENTS
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13F Metrics
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Q2 2025 13F record
Q2 2025 13F filing summary
| Period of report | June 30, 2025 |
|---|---|
| Filed | July 02, 2025 |
| Form | 13F-HR |
| Reported value | $760.7M |
| Positions | 182 |
| Change in reported value | +3.6% |
| New positions | 20 |
| Exited positions | 20 |
| Position turnover | 19.8% |
| Top-10 concentration | 52.9% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 14, 2026
|
234 | $954.3M |
|
Q2 2026 13F
Filed Jul 7, 2026
|
238 | $927.3M |
|
Q1 2026 13F
Filed Apr 7, 2026
|
222 | $888.0M |
|
Q4 2025 13F
Filed Jan 12, 2026
|
205 | $855.1M |
|
Q3 2025 13F
Filed Oct 23, 2025
|
198 | $817.3M |
|
Q2 2025 13F
Filed Jul 2, 2025
|
182 | $760.7M |
|
Q1 2025 13F
Filed Apr 7, 2025
|
183 | $734.4M |
|
Q4 2024 13F
Filed Jan 15, 2025
|
186 | $735.1M |
|
Q3 2024 13F
Filed Oct 8, 2024
|
168 | $692.5M |
|
Q2 2024 13F
Filed Jul 12, 2024
|
156 | $610.2M |
|
Q1 2024 13F
Filed Apr 16, 2024
|
159 | $580.5M |
|
Q4 2023 13F
Filed Jan 9, 2024
|
152 | $518.7M |
|
Q3 2023 13F
Filed Oct 10, 2023
|
145 | $436.2M |
|
Q2 2023 13F
Filed Jul 12, 2023
|
141 | $419.1M |
|
Q1 2023 13F
Filed Apr 5, 2023
|
141 | $410.5M |
|
Q4 2022 13F
Filed Jan 13, 2023
|
139 | $380.7M |
|
Q3 2022 13F
Filed Oct 12, 2022
|
129 | $308.5M |
|
Q2 2022 13F
Filed Jul 18, 2022
|
123 | $294.5M |
|
Q1 2022 13F
Filed Apr 20, 2022
|
134 | $337.6M |
|
Q4 2021 13F
Filed Jan 27, 2022
|
129 | $333.4M |
12 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | QUAL ISHARES TR | $90.9M | 11.94% |
| 2 | SCHD SCHWAB STRATEGIC TR | $53.8M | 7.08% |
| 3 | VIG VANGUARD SPECIALIZED FUNDS | $37.8M | 4.97% |
| 4 | SPGP INVESCO EXCHANGE TRADED FD T | $37.3M | 4.9% |
| 5 | RSP INVESCO EXCHANGE TRADED FD T | $36.1M | 4.75% |
| 6 | GTO INVESCO ACTIVELY MANAGED EXC | $33.4M | 4.39% |
| 7 | HTRB HARTFORD FDS EXCHANGE TRADED | $30.0M | 3.94% |
| 8 | DGRW WISDOMTREE TR | $28.0M | 3.68% |
| 9 | PTRB PGIM ETF TR | $27.8M | 3.66% |
| 10 | AAPL APPLE INC | $27.2M | 3.57% |
| 11 | SJNK SPDR SER TR | $21.5M | 2.82% |
| 12 | TOTL SSGA ACTIVE ETF TR | $21.1M | 2.78% |
| 13 | IQLT ISHARES TR | $19.1M | 2.51% |
| 14 | ANGL VANECK ETF TRUST | $16.2M | 2.13% |
| 15 | VIGI VANGUARD WHITEHALL FDS | $15.4M | 2.02% |
| 16 | FNDF SCHWAB STRATEGIC TR | $15.1M | 1.98% |
| 17 | SPY SPDR S&P 500 ETF TR | $14.7M | 1.94% |
| 18 | RDVY FIRST TR EXCHANGE TRADED FD | $13.3M | 1.75% |
| 19 | NVDA NVIDIA CORPORATION | $12.3M | 1.62% |
| 20 | CALF PACER FDS TR | $11.5M | 1.51% |
Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.