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
51	51 Black Stone Minerals BSM $2.65B	$1.4M	0.19%	91,662 +197	+0.2%	+$3.01K
52	52 Mastercard MA $511B	$1.38M	0.19%	2,526 +135	+6%	+$74K
53	53 SPDR Bloomberg 1-3 Month T-Bill ETF BIL $41.7B	$1.37M	0.19%	14,911 -4,410	-23%	-$405K
54	54 Oneok OKE $51.5B	$1.29M	0.18%	12,995 -329	-2%	-$32.6K
55	55 Blackstone BX $138B	$1.28M	0.17%	9,153 -316	-3%	-$44.2K
56	56 Charles Schwab SCHW $178B	$1.25M	0.17%	15,983 +119	+0.8%	+$9.32K
57	57 JPMorgan Equity Premium Income ETF JEPI $41B	$1.18M	0.16%	20,635 -848	-4%	-$48.5K
58	58 Vanguard FTSE Developed Markets ETF VEA $164B	$1.15M	0.16%	22,680 +5	+0%	+$254
59	59 Palantir PLTR $373B	$1.15M	0.16%	13,587 -980	-7%	-$82.7K
60	60 Meta Platforms (Facebook) META $1.76T	$1.14M	0.15%	1,970 +195	+11%	+$112K
61	61 SPDR Portfolio Developed World ex-US ETF SPDW $27.2B	$1.12M	0.15%	30,798 -1,531	-5%	-$55.7K
62	62 IBM IBM $242B	$1.11M	0.15%	4,453 -195	-4%	-$48.5K
63	63 Dorchester Minerals DMLP $1.31B	$1.03M	0.14%	34,184 +7	+0%	+$211
64	64 Schwab Fundamental US Small Company Index ETF FNDA $8.62B	$1.01M	0.14%	36,701 +36	+0.1%	+$986
65	65 Netflix NFLX $500B	$995K	0.14%	1,067 +55	+5%	+$51.3K
66	66 Walmart WMT $779B	$989K	0.13%	11,263 +368	+3%	+$32.3K
67	67 Northrop Grumman NOC $82B	$922K	0.13%	1,801 +4	+0.2%	+$2.05K
68	68 Viper Energy VNOM $4.95B	$915K	0.12%	20,262	–	–
69	69 TSMC TSM $1.26T	$911K	0.12%	5,485 -478	-8%	-$79.3K
70	70 Texas Instruments TXN $173B	$895K	0.12%	4,980 +79	+2%	+$14.2K
71	71 Costco COST $412B	$853K	0.12%	902 +5	+0.6%	+$4.73K
72	72 Chevron CVX $316B	$824K	0.11%	4,924 +512	+12%	+$85.7K
73	73 Amgen AMGN $163B	$817K	0.11%	2,621 -159	-6%	-$49.5K
74	74 Graham Holdings Company GHC $4.14B	$803K	0.11%	836 +2	+0.2%	+$1.92K
75	75 Berkshire Hathaway Class A BRK.A $1.03T	$798K	0.11%	+1	New	+$798K