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
151	151 Direxion NASDAQ-100 Equal Weighted Index Shares QQQE $1.26B	$262K	0.04%	3,005 -173	-5%	-$15.1K
152	152 UnitedHealth UNH $241B	$261K	0.04%	498 +90	+22%	+$47.2K
153	153 Abbott ABT $224B	$259K	0.04%	+1,954	New	+$259K
154	154 Emerson Electric EMR $83B	$257K	0.04%	2,347 +136	+6%	+$14.9K
155	155 Star Holdings Shares of Beneficial Interest STHO $101M	$251K	0.03%	29,500 +19,500	+195%	+$166K
156	156 Northern Oil and Gas NOG $2.82B	$251K	0.03%	8,295	–	–
157	157 Ameriprise Financial AMP $49.2B	$244K	0.03%	504 +11	+2%	+$5.33K
158	158 Hanesbrands HBI $1.45B	$244K	0.03%	42,268 +20,000	+90%	+$115K
159	159 lululemon athletica LULU $24.7B	$244K	0.03%	861 -23	-3%	-$6.51K
160	160 Illinois Tool Works ITW $76.1B	$239K	0.03%	965 +55	+6%	+$13.6K
161	161 GE Vernova GEV $178B	$234K	0.03%	765 -56	-7%	-$17.1K
162	162 iShares Russell 1000 Growth ETF IWF $115B	$233K	0.03%	645 +1	+0.2%	+$361
163	163 SPDR Portfolio Emerging Markets ETF SPEM $12.6B	$232K	0.03%	5,883	–	–
164	164 Gannett GCI $534M	$231K	0.03%	80,000	–	–
165	165 United Parcel Service UPS $73.8B	$230K	0.03%	2,092 -277	-12%	-$30.5K
166	166 Adobe ADBE $154B	$221K	0.03%	575 +86	+18%	+$33K
167	TWO 167 Two Harbors Investment TWO $1.04B	$220K	0.03%	16,484 +582	+4%	+$7.78K
168	168 Chewy CHWY $14.8B	$218K	0.03%	6,712	–	–
169	169 iShares US Medical Devices ETF IHI $4.39B	$214K	0.03%	3,556 +43	+1%	+$2.59K
170	170 Union Pacific UNP $133B	$211K	0.03%	+892	New	+$211K
171	171 Air Products & Chemicals APD $64.6B	$208K	0.03%	+705	New	+$208K
172	172 iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB $21.7B	$205K	0.03%	+3,916	New	+$205K
173	173 Cable One CABO $780M	$205K	0.03%	771 +8	+1%	+$2.13K
174	174 Wells Fargo WFC $263B	$205K	0.03%	+2,852	New	+$205K
175	175 Johnson Outdoors JOUT $347M	$203K	0.03%	8,161 +82	+1%	+$2.04K