Howard Financial Services Ltd. Activity in Q2 2026: Strategic Shifts and Key Transactions
Howard Financial Services Ltd., as of June 30, 2026, managed a substantial portfolio valued at $985 million, reflecting significant changes through both additions and exits during the quarter.
As reported for the period ending June 30, 2026, Howard Financial Services Ltd. ('Howard Financial Services Ltd.') managed a portfolio valued at approximately $985 million ($985,490,250). The firm navigated the quarter by adjusting its holdings across various sectors and ETFs. This analysis focuses on observable changes in stock positions during Q2 2026.
Significant Purchases: Howard Financial Services Ltd. demonstrated notable buying activity this quarter, particularly evident through specific large increases or new significant positions identified within the portfolio. The firm significantly increased its stake in INTC, adding over 20,842 shares to a position valued at $4.25 million. Similarly, there was a substantial increase in holdings of the INVESCO Actively Managed Exchange fund (GEV) and SPDR Series Trust ETF (SJNK). Additionally, the firm added positions to VOO and CHAT, although these additions were relatively smaller compared to their existing allocations.
Major Sales: The most significant activity observed during Q2 2026 involved the divestment of a substantial position. Howard Financial Services Ltd. completely liquidated its investment in UAMY, United States Antimony Corp., reducing its stake by nearly 200,000 shares (down from previous holdings). This exit represented a massive sell of approximately $0.37 million worth of stock and accounted for about 0.04% of the total portfolio value after the sale. Other notable exits included selling significant portions of its investments in JPST, JPMorgan Exchange Traded fund, and FNDF, Schwab Strategic Trust ETF.
Howard Financial Services Ltd. also saw changes in its holdings of several other funds during the quarter:
- SCHG: Increased by over 103,718 shares (SCHWAB STRATEGIC TR). Portfolio allocation increased to 2.76%.
- IQLT: Increased by over 40,500 shares (ISHARES TR). Portfolio allocation increased to 2.56%.
- XSOE: Increased by over 35,882 shares (WISDOMTREE TR). Portfolio allocation increased to 1.83%.
- ANGL: Increased by over 21,463 shares (VANECK ETF TRUST). Portfolio allocation increased to 2.02%.
- EGY: Entered a new position with over 49,167 shares (VAALCO ENERGY INC). Portfolio allocation increased to 0.02%.
- TOTL: Entered a new position with over 492,358 shares (SSGA ACTIVE ETF TR). Portfolio allocation increased to 1.94%.
- ANGL: Entered a new position with over 690,639 shares (VANECK ETF TRUST). Portfolio allocation increased to 2.02%.
Conversely, the firm also reduced its positions in several other funds:
- RSP: Decreased by over 49,080 shares (INVESCO EXCHANGE TRADED FD T). Portfolio allocation decreased to 3.98%.
- SPGP: Decreased by over 129,110 shares (INVESCO EXCHANGE TRADED FD T). Portfolio allocation decreased to 4.0%.
- DGRW: Decreased by over 23,236 shares (WISDOMTREE TR). Portfolio allocation decreased to 3.81%.
- HTRB: Decreased by over 28,214 shares (HARTFORD FDS EXCHANGE TRADED). Portfolio allocation decreased to 3.42%.
- UAMY: Decreased by nearly 197,320 shares (UNITED STATES ANTIMONY CORP). Portfolio allocation decreased to 0.04%.
The overall portfolio structure saw Howard Financial Services Ltd. maintaining a core position in various sectors, with Technology being the largest sector allocation at 10.15%. Other significant allocations included Energy (2.98%) and Consumer Cyclical (1.87%). The remaining value was distributed across other sectors or classified as 'Unknown' (which constituted a large portion of the portfolio, 77.52%).
In summary, Howard Financial Services Ltd.'s Q2 2026 activity involved both strategic additions and significant reductions in its holdings. The firm's decision to exit UAMY entirely was particularly noteworthy given the magnitude of the sale relative to other changes during the quarter.