HFS

Howard Financial Services Portfolio holdings

AUM $761M

This Quarter Return

-1.37%

1 Year Return

+9.87%

3 Year Return

+40.66%

5 Year Return

+75.52%

10 Year Return

–

AUM

$734M

AUM Growth

-$734K (-0.1%)

Cap. Flow

+$13M

Cap. Flow % of AUM

1.77%

Top 10 Holdings %Top 10 Hldgs %

53.32%

Holding

199

New

Increased

Reduced

Closed

Top Buys

1	WisdomTree Trust WisdomTree US Quality Dividend Growth Fund DGRW	$6.34M
2	iShares MSCI USA Quality Factor ETF QUAL	$5.08M
3	Invesco S&P 500 GARP ETF SPGP	$4.3M
4	VanEck Fallen Angel High Yield Bond ETF ANGL	$3.01M
5	SPDR Bloomberg Short Term High Yield Bond ETF SJNK	$2.45M

Top Sells

1	Pacer US Small Cap Cash Cows 100 ETF CALF	$2.25M
2	PGIM Total Return Bond ETF PTRB	$1.76M
3	IBTX Independent Bank Group, Inc. IBTX	$1.64M
4	iShares MSCI Intl Quality Factor ETF IQLT	$1.46M
5	First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETF FIXD	$1.24M

Sector Composition

1	Technology	8%
2	Energy	3.36%
3	Financials	2.63%
4	Consumer Discretionary	2.14%
5	Consumer Staples	1.01%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 VanEck Morningstar Wide Moat ETF MOAT $13.2B	$7.95M	1.08%	90,288 +2,908	+3%	+$256K
27	27 Berkshire Hathaway Class B BRK.B $1.04T	$7.38M	1%	13,851 +450	+3%	+$240K
28	28 Amazon AMZN $2.46T	$5.55M	0.76%	29,145 -76	-0.3%	-$14.5K
29	SBR 29 Sabine Royalty Trust SBR $963M	$5.22M	0.71%	77,433 +97	+0.1%	+$6.54K
30	30 Chipotle Mexican Grill CMG $62.7B	$4.72M	0.64%	94,030 -65	-0.1%	-$3.26K
31	31 iShares Core S&P 500 ETF IVV $644B	$4.07M	0.55%	7,243 +19	+0.3%	+$10.7K
32	32 JPMorgan Ultra-Short Income ETF JPST $32.3B	$3.95M	0.54%	78,102 -7,619	-9%	-$386K
33	33 Vanguard Short-Term Bond ETF BSV $38.3B	$3.62M	0.49%	46,308 +8,282	+22%	+$648K
34	34 Energy Transfer Partners ET $60.8B	$3.38M	0.46%	182,047 +415	+0.2%	+$7.72K
35	35 Enterprise Products Partners EPD $68.4B	$3.2M	0.44%	93,631 +1,423	+2%	+$48.6K
36	36 Vanguard Total Stock Market ETF VTI $514B	$2.99M	0.41%	10,887 +35	+0.3%	+$9.62K
37	37 Hartford Multifactor Developed Markets ex-US ETF RODM $1.18B	$2.91M	0.4%	93,922 +2,879	+3%	+$89.2K
38	38 iShares Core S&P Mid-Cap ETF IJH $98.6B	$2.77M	0.38%	47,548 +20	+0%	+$1.17K
39	39 PepsiCo PEP $196B	$2.66M	0.36%	17,742 +495	+3%	+$74.2K
40	40 Broadcom AVGO $1.36T	$2.38M	0.32%	14,192 +736	+5%	+$123K
41	41 Exxon Mobil XOM $476B	$2.35M	0.32%	19,756 -3,664	-16%	-$436K
42	42 Schwab Emerging Markets Equity ETF SCHE $10.6B	$2.3M	0.31%	83,577 -6,981	-8%	-$192K
43	43 Schwab International Equity ETF SCHF $49.8B	$2.06M	0.28%	104,081 -21,762	-17%	-$430K
44	44 JPMorgan Chase JPM $821B	$2.02M	0.28%	8,253 -577	-7%	-$142K
45	45 Alphabet (Google) Class A GOOGL $2.34T	$1.9M	0.26%	12,303 +331	+3%	+$51.2K
46	46 Texas Pacific Land TPL $22.5B	$1.79M	0.24%	1,351 +1	+0.1%	+$1.33K
47	47 MPLX MPLX $52B	$1.74M	0.24%	32,476 +564	+2%	+$30.2K
48	48 SouthState SSB $10B	$1.52M	0.21%	+16,326	New	+$1.52M
49	49 Tesla TSLA $1.02T	$1.51M	0.21%	5,811 +224	+4%	+$58.1K
50	50 iShares Core MSCI EAFE ETF IEFA $147B	$1.47M	0.2%	19,480 -1,336	-6%	-$101K