Howard Financial Services, LTD. is an SEC-registered investment adviser based in Dallas, TX that reports managing 1 hedge fund on Form ADV. It reports $1.4 billion in regulatory assets under management. Its private funds, of all types, hold $224.2 million in gross assets. Its disclosed U.S. stock holdings returned an estimated +7.7% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +22.7% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $1.4 billionForm ADV Item 5.F
- Gross assets of private funds
- $224.2 millionAll private fund types, Form ADV
- Hedge funds managed
- 131 private funds in total
- Employees
- 24Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 107978
- Latest Form ADV
- 08/12/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +9.0% | +14.8% |
| Q1 2026 | -1.2% | -4.6% |
| Q4 2025 | +1.0% | +2.4% |
| Q3 2025 | +5.4% | +7.8% |
| Q2 2025 | +4.7% | +10.4% |
| Q1 2025 | -1.9% | -4.5% |
| Q4 2024 | -1.6% | +2.1% |
| Q3 2024 | +5.8% | +5.4% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- Ishares Edge MSCI USA Quality$112.7 million
- Schwab US Dividend Equity ETF$61.9 million
- Vanguard Specialized Funds$47.5 million
- Apple Inc Com$40.1 million
- Invesco S&P 500 Garp ETF$40.1 million
- Invesco S&P 500 Equal Weight E$39.9 million
- Wisdomtree TR US Divid Growth$38.1 million
- Invesco Actively Managed Total$37.5 million
- Hartford TTL Rtrn BND ETF$34.3 million
- Pgim ETF TR$32.4 million
As of 2026-06-30, from 13F filing by Howard Financial Services, LTD..
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures