1y return+14.3%S&P 500 +20.9%
3y return+37.8%S&P 500 +68.5%
5y return+33.1%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2018: $202 against $299 in the S&P 500.2
Howard Financial Services, Ltd.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| QUALIshares Tr | $112.7M | 11.3% | +2.1% |
| SCHDSchwab Strategic Tr | $61.9M | 6.2% | |
| VIGVanguard Specialized Funds | $47.5M | 4.7% | |
| AAPLApple Inc | $40.1M | 4.0% | |
| SPGPInvesco Exchange Traded Fd T | $40.1M | 4.0% | −3.8% |
| RSPInvesco Exchange Traded Fd T | $39.9M | 4.0% | −2.6% |
| DGRWWisdomtree Tr | $38.1M | 3.8% | +6.2% |
| GTOInvesco Actively Managed Exc | $37.5M | 3.7% | +4.0% |
| HTRBHartford Fds Exchange Traded | $34.3M | 3.4% | +2.9% |
| PTRBPgim Etf Tr | $32.4M | 3.2% | |
| SCHGSchwab Strategic Tr | $27.6M | 2.8% | +14.5% |
| IQLTIshares Tr | $25.6M | 2.6% | +8.5% |
| RDVYFirst Tr Exchange Traded Fd | $24.3M | 2.4% | +4.0% |
| FNDFSchwab Strategic Tr | $23.8M | 2.4% | +8.7% |
| ANGLVaneck Etf Trust | $20.2M | 2.0% | +3.2% |
| TOTLSsga Active Etf Tr | $19.4M | 1.9% | −8.2% |
| VIGIVanguard Whitehall Fds | $18.4M | 1.8% | +5.8% |
| XSOEWisdomtree Tr | $18.3M | 1.8% | +10.7% |
| SPYState Str Spdr S&p 500 Etf T | $17.8M | 1.8% | |
| SJNKSpdr Series Trust | $16.8M | 1.7% | −10.0% |
| NVDANvidia Corporation | $16.4M | 1.6% | −1.6% |
| QQQInvesco Qqq Tr | $12.3M | 1.2% | −4.8% |
| MOATVaneck Etf Trust | $10.2M | 1.0% | −8.8% |
| VPLSVanguard Malvern Fds | $9.7M | 1.0% | +45.0% |
| MSFTMicrosoft Corp | $9.4M | 0.9% | −1.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | December 31, 2020 | +1432.6% | $16.4M |
| AVGOBroadcom Inc | September 30, 2022 | +750.7% | $6.9M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $6.3M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $40.1M |
| QQQInvesco Qqq Tr | June 30, 2020 | +197.4% | $12.3M |
| ETEnergy Transfer L P | June 30, 2020 | +168.6% | $3.9M |
| SBRSabine Rty Tr | June 30, 2020 | +164.1% | $5.0M |
| SPYState Str Spdr S&p 500 Etf T | June 30, 2020 | +142.2% | $17.8M |
| BRK/BBerkshire Hathaway Inc Del | September 30, 2020 | +135.0% | $7.6M |
| QUALIshares Tr | June 30, 2020 | +128.8% | $112.7M |
Sold off last quarter
- TQQQProshares Tr was $844K
- MIDUDirexion Shs Etf Tr was $416K
- CRCLCircle Internet Group Inc was $275K
- VXFVanguard Index Fds was $273K
- CMECme Group Inc was $251K
- NOGNorthern Oil & Gas Inc was $227K
- PHYSSprott Asset Management LP was $226K
- Honeywell Intl IncCUSIP 438516106 was $205K
- PRTPermrock Royalty Trust was $95K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.5% | +14.8% |
| March 31, 2026 | −1.3% | −4.6% |
| December 31, 2025 | +1.2% | +2.4% |
| September 30, 2025 | +5.4% | +7.8% |
| June 30, 2025 | +4.7% | +10.5% |
| March 31, 2025 | −1.9% | −4.6% |
| December 31, 2024 | −1.5% | +2.1% |
| September 30, 2024 | +5.7% | +5.4% |
| June 30, 2024 | +1.1% | +4.0% |
| March 31, 2024 | +5.8% | +10.0% |
| December 31, 2023 | +9.2% | +11.2% |
| September 30, 2023 | −3.4% | −3.6% |
| June 30, 2023 | +4.0% | +8.3% |
| March 31, 2023 | +4.1% | +7.0% |
| December 31, 2022 | +8.9% | +7.1% |
| September 30, 2022 | −6.1% | −5.3% |
| June 30, 2022 | −14.2% | −16.5% |
| March 31, 2022 | −4.1% | −4.9% |
| December 31, 2021 | +7.3% | +10.7% |
| September 30, 2021 | −1.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Howard Financial Services, Ltd. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1768130&type=13F-HR&dateb=&owner=include&count=40CIK 1768130
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1768130/000176813026000003/Filed July 7, 2026 · accession 0001768130-26-000003