Horizon Financial Services, LLC Institutional Portfolio (13F)

CIK: 0001674020

Diversified strategyMomentum followerLong-term holder

Total reported value

$226.2M

Reporting period: 2026-03-31 · Number of holdings: 425

HORIZON FINANCIAL SERVICES, LLC disclosed 425 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $226.2M and a quarterly turnover rate of 14.7%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "H"

Personality snowflake

Concentration: 16.33
Portfolio Stability: 14.67
Momentum/Contrarian: 100
Sector conviction: 53.9
Diversification: 100
Sizing Uniformity: 59.52

Horizon Financial Services, LLC's disclosed holdings carry a Herfindahl concentration index of 0.041 — mathematically equivalent to about 24 equally-sized positions, well below its 425 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 4.05), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Sector classification currently covers about 7% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Trim SPYG
-10.8%　-$4.0M
Trim SCHM
-19.5%　-$2.6M
Trim SPYV
-9.6%　-$2.0M
Add SPSB
+15.4%　$2.5M
Add SPHY
+26.1%　$2.2M
Add SRLN
+24.7%　$1.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 425 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPSB	Ss Spdr P St C CORP ETF	ETF-Other	8.43%	+0.87%	+15.38%
2	SPYG	Ss Spdr P S&p 500 Growth ETF	ETF-Large Cap & Growth	8.00%	-2.07%	-10.84%
3	SPYV	Ss Spdr P S&p 500 Value ETF	ETF-Large Cap & Growth	7.99%	-1.15%	-9.58%
4	SPDW	Ste Str Spdr Pt Dw EU ETF	ETF-Other	5.64%	+0.08%	+1.74%
5	SCHM	Schwab US Mid Cap ETF	ETF-Other	5.49%	-1.33%	-19.46%
6	SPHY	Ss Spdr P High Yield ETF	ETF-High Yield	5.06%	+0.86%	+26.08%
7	SRLN	Ss Blackstone Sr Loan ETF	ETF-Other	4.89%	+0.74%	+24.70%
8	VGSH	Vanguard Short-term Treasury	ETF-Gov Bonds	4.69%	-0.23%	-1.37%
9	XLK	Ss Technology Select Sector	ETF-Tech	3.63%	-0.19%	+5.97%
10	SCHA	Schwab US Small-cap ETF	ETF-Other	3.50%	+0.09%	+3.68%
11	SPEM	State Street Sp Ptf Em ETF	ETF-Other	2.13%	+0.46%	+30.77%
12	SCHP	Schwab U.s. Tips ETF	ETF-Other	2.11%	+0.49%	+33.22%
13	SPMB	Ss Spdr P Mort Back Bond ETF	ETF-Other	2.08%	—	-1.30%
14	XLF	Ss Financial Select Sector	ETF-Other	2.04%	+0.49%	+49.91%
15	VCLT	Vanguard Long-term CORP Bond	ETF-Corp Bonds	1.90%	—	+2.74%
16	ICVT	Ishares Convertible Bond ETF	ETF-Other	1.86%	-0.01%	-0.86%
17	VSS	Vanguard Ftse All Wo X-us Sc	ETF-Other	1.59%	-0.01%	+1.05%
18	SPTL	Ss Spdr Pf Lng Trm Tsy E-usd	ETF-Other	1.45%	-0.01%	+2.81%
19	GLDM	Spdr Gold Minishares Trust	ETF-Commodities	1.41%	-0.01%	-5.70%
20	VWOB	Vanguard Emerg Mkts Gov Bnd	ETF-Other	1.38%	—	+1.54%
21	XLRE	Ss Real Estate Select Sector	ETF-Other	1.33%	—	-2.39%
22	XLI	Ss Industrial Select Sector	ETF-Other	1.31%	-0.29%	-19.28%
23	XLV	Ss Health Care Select Sector	ETF-Other	1.26%	—	+4.03%
24	MLPX	Global X Mlp & Energy Infras	ETF-Other	1.20%	+0.23%	+4.89%
25	SJNK	Ss Spdr Bb St Hi Yield ETF	ETF-Other	1.10%	+0.08%	+12.75%
26	FPE	Ft-preferred Secur & INC ETF	ETF-Other	1.08%	—	+1.25%
27	FLRN	Ss Spdr Bb Ig Float Rt ETF	ETF-Other	1.02%	-0.20%	-13.99%
28	VCIT	Vanguard Int-term Corporate	ETF-Corp Bonds	1.01%	+0.21%	+31.02%
29	XLY	Ss Consumer Disc Select Sect	ETF-Other	0.98%	—	+7.91%
30	XLP	Ss Consumer Staples Sel Sect	ETF-Other	0.89%	+0.27%	+41.40%
31	XLC	Ss Comm Select Sector Spdr	ETF-Other	0.84%	-0.41%	-26.10%
32	XLU	St Sr Utl Sl Se Spdr Etf-usd	ETF-Other	0.65%	+0.22%	+45.16%
33	MSFT	Microsoft CORP	Stock-Tech	0.61%	+0.13%	+69.64%
34	JPST	Jpmorgan Ultra-short Income	ETF-Other	0.58%	-0.10%	-11.49%
35	AAPL	Apple INC	Stock-Tech	0.57%	+0.06%	+23.26%
36	XLB	Ss Materials Select Sector	ETF-Other	0.51%	+0.06%	+6.45%
37	DUK	Duke Energy CORP	Stock-Utilities	0.50%	+0.04%	+0.01%
38	SCHR	Schwab Intermediate-term US	ETF-Other	0.46%	-0.12%	-18.07%
39	NVDA	Nvidia CORP	Stock-Tech	0.41%	+0.07%	+32.68%
40	LLY	Eli Lilly & Co	Stock-Healthcare	0.40%	-0.05%	+6.35%
41	XLE	Ss Energy Select Sector	ETF-Other	0.38%	-0.09%	-39.18%
42	HD	Home Depot INC	Stock-Consumer Disc	0.37%	—	+0.39%
43	VTIP	Vanguard Short-term Tips	ETF-Other	0.35%	+0.13%	+61.59%
44	PGHY	Invesco Global Ex US High Yi	ETF-Other	0.28%	—	+5.56%
45	✓		Stock-Other	0.25%	—	-0.31%
46	CW	Curtiss-wright CORP	Stock-Industrials	0.24%	+0.04%	—
47	AMZN	Amazon.com INC	Stock-Consumer Disc	0.20%	—	-0.81%
48	VUG	Vanguard Growth ETF	ETF-Other	0.19%	—	—
49	VOE	Vanguard Mid-cap Value ETF	ETF-Other	0.17%	+0.08%	+78.41%
50	LOW	Lowe's Cos INC	Stock-Consumer Disc	0.17%	—	+0.38%

1–50 of 200

Portfolio Performance

Performance for Q3 2026

+2.5%

Performance Last 4 Quarters

+14.2%

Based on 61% of reported portfolio value with available pricing

Stdev: +6.9%
Beta: +0.48
Alpha: +1.4%
Max Drawdown: -3.8%
Annualized Perf: +10.5%
Batting Avg vs S&P: +47.2%
Sortino: +3.02
Stutzer: +0.44
Treynor: +0.21
Sterling: +0.79
Calmar: +2.76
Information Ratio: -1.11
Tracking Error: +7.4%
Stdev Down: +3.4%
Winning Months %: +69.4%
Losing Months %: +30.6%
Best 12 Months: +17.8%
Worst 12 Months: +6%
Efficiency Ratio: +0.54
Sharpe: +1.48
Stdev Sectors: +9%
Skewness: 0
Kurtosis: -0.31
Upside Potential: +4.7

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	425	$226.2M	15	1SPSB 2SPYG 3SPYV Top holdings2026-03-31 1.SPSB 2.SPYG 3.SPYV 4.SPDW 5.SCHM 6.SPHY 7.SRLN 8.VGSH 9.XLK 10.SCHA
2025-12-31	404	$219.8M	7	1SPYG 2SPYV 3SPSB Top holdings2025-12-31 1.SPYG 2.SPYV 3.SPSB 4.SCHM 5.SPDW 6.VGSH 7.SPHY 8.SRLN 9.XLK 10.SCHA
2025-09-30	395	$209.6M	18	1SPYG 2SPYV 3SPSB Top holdings2025-09-30 1.SPYG 2.SPYV 3.SPSB 4.SCHM 5.SPDW 6.VGSH 7.SPHY 8.SRLN 9.SCHA 10.XLK
2025-06-30	320	$188.6M	0	1SPYG 2SPYV 3SPSB Top holdings2025-06-30 1.SPYG 2.SPYV 3.SPSB 4.SCHM 5.VGSH 6.SPDW 7.SPHY 8.SRLN 9.XLK 10.SCHA
2025-03-31	370	$4.3B	0	1SPSB 2SCHM 3SPHY Top holdings2025-03-31 1.SPSB 2.SCHM 3.SPHY 4.SPYV 5.SPDW 6.SCHA 7.SPMB 8.SPYG 9.SRLN 10.VGSH
2024-12-31	272	$177.8M	0	1VGSH 2SPYG 3SPYV Top holdings2024-12-31 1.VGSH 2.SPYG 3.SPYV 4.SPDW 5.SCHM 6.SPSB 7.BKLN 8.SPHY 9.SCHA 10.XLK
2024-09-30	285	$168.3M	0	1SPYG 2VGSH 3SPYV Top holdings2024-09-30 1.SPYG 2.VGSH 3.SPYV 4.SPDW 5.SCHM 6.SPHY 7.SPSB 8.BKLN 9.SCHA 10.VRP
2024-06-30	276	$158.3M	0	1SPYG 2VGSH 3SPYV Top holdings2024-06-30 1.SPYG 2.VGSH 3.SPYV 4.SPDW 5.SPHY 6.SCHM 7.SPSB 8.BKLN 9.SCHA 10.VRP
2024-03-31	266	$155.8M	0	1VGSH 2SPYG 3SPYV Top holdings2024-03-31 1.VGSH 2.SPYG 3.SPYV 4.SPDW 5.SPHY 6.SCHM 7.SPSB 8.BKLN 9.SCHA 10.VMBS
2023-12-31	55	$141.7M	0	1VGSH 2SPYG 3SPYV Top holdings2023-12-31 1.VGSH 2.SPYG 3.SPYV 4.USHY 5.SPDW 6.SCHM 7.VCSH 8.SCHA 9.BKLN 10.VRP
2023-09-30	49	$124.5M	0	1VGSH 2SPYG 3SPYV Top holdings2023-09-30 1.VGSH 2.SPYG 3.SPYV 4.USHY 5.VCSH 6.SPDW 7.SCHM 8.SCHA 9.BKLN 10.VRP
2023-06-30	49	$122.8M	0	1VGSH 2SPYG 3SPYV Top holdings2023-06-30 1.VGSH 2.SPYG 3.SPYV 4.USHY 5.SPDW 6.VCSH 7.SCHM 8.SCHA 9.BKLN 10.VRP
2023-03-31	51	$116.7M	0	1VGSH 2SPYG 3SPYV Top holdings2023-03-31 1.VGSH 2.SPYG 3.SPYV 4.USHY 5.SPDW 6.VCSH 7.SCHM 8.SCHA 9.VMBS 10.BKLN
2022-12-31	52	$115.8M	0	1SPYG 2VGSH 3SPYV Top holdings2022-12-31 1.SPYG 2.VGSH 3.SPYV 4.USHY 5.SCHM 6.SCHA 7.VCSH 8.SPDW 9.BKLN 10.VMBS
2022-09-30	58	$112.4M	0	1SPYG 2SPYV 3USHY Top holdings2022-09-30 1.SPYG 2.SPYV 3.USHY 4.SCHM 5.VCSH 6.SCHA 7.SPDW 8.VMBS 9.VGSH 10.BKLN
2022-06-30	55	$129.7M	0	1SPYG 2SPYV 3USHY Top holdings2022-06-30 1.SPYG 2.SPYV 3.USHY 4.SPTS 5.SCHM 6.VCSH 7.SPLB 8.SPDW 9.SCHA 10.BKLN
2022-03-31	56	$156.9M	0	1SPYG 2SPYV 3USHY Top holdings2022-03-31 1.SPYG 2.SPYV 3.USHY 4.SCHM 5.SPDW 6.SPLB 7.SCHA 8.BKLN 9.VMBS 10.VCSH
2021-12-31	124	$164.8M	0	1SPYG 2SPYV 3SPAB Top holdings2021-12-31 1.SPYG 2.SPYV 3.SPAB 4.USHY 5.SCHP 6.BKLN 7.SPDW 8.VMBS 9.EMB 10.VCSH
2021-09-30	146	$151.9M	0	1SPYG 2SPYV 3SPAB Top holdings2021-09-30 1.SPYG 2.SPYV 3.SPAB 4.USHY 5.SCHP 6.BKLN 7.VMBS 8.EMB 9.VCSH 10.SPDW
2021-06-30	137	$137.9M	91	1SPYG 2USHY 3SPYV Top holdings2021-06-30 1.SPYG 2.USHY 3.SPYV 4.SPAB 5.SCHP 6.BND 7.BKLN 8.VMBS 9.VGT 10.AGGY
2021-03-31	118	$114.1M	5	1BND 2AGGY 3VGT Top holdings2021-03-31 1.BND 2.AGGY 3.VGT 4.VUG 5.VIG 6.TOTL 7.MTUM 8.SHY 9.USMV 10.ICSH
2020-12-31	106	$110.3M	18	1BND 2AGGY 3VGT Top holdings2020-12-31 1.BND 2.AGGY 3.VGT 4.VUG 5.VIG 6.TOTL 7.MTUM 8.SHY 9.ICSH 10.USMV
2020-09-30	99	$102.9M	0	1BND 2SHY 3AGGY Top holdings2020-09-30 1.BND 2.SHY 3.AGGY 4.VGT 5.VUG 6.VIG 7.TOTL 8.MTUM 9.USMV 10.TIP

Holding changes this quarter

Horizon Financial Services, LLC's most significant position changes for 2026-03-31: Sold out: Laboratory CORP Amer Hldgs; New buy: Dimensional US Core Equity M (DFAU); Trim: Ss Spdr P S&p 500 Growth ETF (SPYG) — shares -10.84%; Trim: Schwab US Mid Cap ETF (SCHM) — shares -19.46%; Trim: Ss Spdr P S&p 500 Value ETF (SPYV) — shares -9.58%.

Position changes disclosed by Horizon Financial Services, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SPSB	Ss Spdr P St C CORP ETF	+0.9%	+15.38%	Add
2	SPHY	Ss Spdr P High Yield ETF	+0.9%	+26.08%	Add
3	SRLN	Ss Blackstone Sr Loan ETF	+0.7%	+24.70%	Add
4	SCHP	Schwab U.s. Tips ETF	+0.5%	+33.22%	Add
5	XLF	Ss Financial Select Sector	+0.5%	+49.91%	Add
6	SPEM	State Street Sp Ptf Em ETF	+0.5%	+30.77%	Add
7	XLP	Ss Consumer Staples Sel Sect	+0.3%	+41.40%	Add
8	MLPX	Global X Mlp & Energy Infras	+0.2%	+4.89%	Add
9	XLU	St Sr Utl Sl Se Spdr Etf-usd	+0.2%	+45.16%	Add
10	VCIT	Vanguard Int-term Corporate	+0.2%	+31.02%	Add
11	MSFT	Microsoft CORP	+0.1%	+69.64%	Add
12	VTIP	Vanguard Short-term Tips	+0.1%	+61.59%	Add
13	SCHA	Schwab US Small-cap ETF	+0.1%	+3.68%	Add
14	SPDW	Ste Str Spdr Pt Dw EU ETF	+0.1%	+1.74%	Add
15	SJNK	Ss Spdr Bb St Hi Yield ETF	+0.1%	+12.75%	Add
16	VOE	Vanguard Mid-cap Value ETF	+0.1%	+78.41%	Add
17	NVDA	Nvidia CORP	+0.1%	+32.68%	Add
18	NFLX	Netflix INC	+0.1%	+780.95%	Add
19	XLB	Ss Materials Select Sector	+0.1%	+6.45%	Add
20	AAPL	Apple INC	+0.1%	+23.26%	Add
21	VBR	Vanguard Small-cap Value ETF	+0.1%	+161.28%	Add
22	TSLA	Tesla INC	+0.1%	+208.33%	Add
23	VOT	Vanguard Mid-cap Growth ETF	+0.1%	+103.45%	Add
24	DUK	Duke Energy CORP	0%	+0.01%	Add
25	CW	Curtiss-wright CORP	0%	—	Unchanged
26	SPY	Ss Spdr S&p 500 ETF Trust-us	0%	+280.77%	Add
27	GOOGL	Alphabet Inc-cl A	0%	+122.74%	Add
28	VBK	Vanguard Small-cap Grwth ETF	0%	+97.57%	Add
29	META	Meta Platforms Inc-class A	0%	+86.12%	Add
30	GEV	GE Vernova INC	0%	+59.29%	Add
31	GE	General Electric	0%	+64.37%	Add
32	MA	Mastercard INC - A	0%	+151.43%	Add
33	ICVT	Ishares Convertible Bond ETF	0%	-0.86%	Trim
34	VSS	Vanguard Ftse All Wo X-us Sc	0%	+1.05%	Add
35	GLDM	Spdr Gold Minishares Trust	0%	-5.70%	Trim
36	SPTL	Ss Spdr Pf Lng Trm Tsy E-usd	0%	+2.81%	Add
37	LLY	Eli Lilly & Co	-0.1%	+6.35%	Add
38	XLE	Ss Energy Select Sector	-0.1%	-39.18%	Trim
39	JPST	Jpmorgan Ultra-short Income	-0.1%	-11.49%	Trim
40	SCHR	Schwab Intermediate-term US	-0.1%	-18.07%	Trim
41	XLK	Ss Technology Select Sector	-0.2%	+5.97%	Add
42	FLRN	Ss Spdr Bb Ig Float Rt ETF	-0.2%	-13.99%	Trim
43	VGSH	Vanguard Short-term Treasury	-0.2%	-1.37%	Trim
44	XLI	Ss Industrial Select Sector	-0.3%	-19.28%	Trim
45	XLC	Ss Comm Select Sector Spdr	-0.4%	-26.10%	Trim
46	SPYV	Ss Spdr P S&p 500 Value ETF	-1.2%	-9.58%	Trim
47	SCHM	Schwab US Mid Cap ETF	-1.3%	-19.46%	Trim
48	SPYG	Ss Spdr P S&p 500 Growth ETF	-2.1%	-10.84%	Trim
49	✓	Laboratory CORP Amer Hldgs	—	EXIT	Sold out
50	DFAU	Dimensional US Core Equity M	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-04-15	13F-HR	View on EDGAR
2025-12-31	2026-01-12	13F-HR	View on EDGAR
2025-09-30	2025-11-12	13F-HR	View on EDGAR
2025-06-30	2025-08-12	13F-HR	View on EDGAR
2025-03-31	2025-05-07	Amendment	View on EDGAR
2025-03-31	2025-04-28	13F-HR	View on EDGAR
2024-12-31	2025-02-12	13F-HR	View on EDGAR
2024-09-30	2024-11-13	13F-HR	View on EDGAR
2024-06-30	2024-08-15	Amendment	View on EDGAR
2024-06-30	2024-07-30	13F-HR	View on EDGAR
2024-03-31	2024-04-26	13F-HR	View on EDGAR
2023-12-31	2024-02-15	13F-HR	View on EDGAR
2023-09-30	2023-10-26	13F-HR	View on EDGAR
2023-06-30	2023-07-20	13F-HR	View on EDGAR
2023-03-31	2023-04-20	13F-HR	View on EDGAR
2022-12-31	2023-01-18	13F-HR	View on EDGAR
2022-09-30	2022-10-21	13F-HR	View on EDGAR
2022-06-30	2022-07-22	13F-HR	View on EDGAR
2022-03-31	2022-04-27	13F-HR	View on EDGAR
2021-12-31	2022-01-31	13F-HR	View on EDGAR
2021-09-30	2021-10-22	13F-HR	View on EDGAR
2021-06-30	2021-07-22	13F-HR	View on EDGAR
2021-03-31	2021-04-21	13F-HR	View on EDGAR
2020-12-31	2021-01-19	13F-HR	View on EDGAR
2020-09-30	2020-11-13	13F-HR	View on EDGAR

FAQ

What is Horizon Financial Services, LLC and what type of investor is it?

Horizon Financial Services, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $226.2M, spread across 425 disclosed positions.

What are Horizon Financial Services, LLC's largest equity positions?

Based on the latest 13F filing, Horizon Financial Services, LLC's top holdings by market value are: 1. Ss Spdr P St C CORP ETF (SPSB) — $19.1M (8.4%) 2. Ss Spdr P S&p 500 Growth ETF (SPYG) — $18.1M (8.0%) 3. Ss Spdr P S&p 500 Value ETF (SPYV) — $18.1M (8.0%) 4. Ste Str Spdr Pt Dw EU ETF (SPDW) — $12.8M (5.6%) 5. Schwab US Mid Cap ETF (SCHM) — $12.4M (5.5%)

What changes did Horizon Financial Services, LLC make in its most recent portfolio filing?

In the latest reported quarter, Horizon Financial Services, LLC made 49 notable position adjustments: 1 new positions were initiated, 35 existing holdings were added to, 12 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Laboratory CORP Amer Hldgs; New buy: Dimensional US Core Equity M (DFAU); Trim: Ss Spdr P S&p 500 Growth ETF (SPYG) — shares -10.84%; Trim: Schwab US Mid Cap ETF (SCHM) — shares -19.46%; Trim: Ss Spdr P S&p 500 Value ETF (SPYV) — shares -9.58%

What sectors does Horizon Financial Services, LLC focus on?

Horizon Financial Services, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 33.9% • Consumer Discretionary: 14.0% • Industrials: 10.9% • Financials: 10.3% • Health Care: 9.2% • Utilities: 8.6%

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Horizon Financial Services, LLC Institutional Portfolio (13F)

CIK: 0001674020

Diversified strategyMomentum followerLong-term holder

Total reported value

$226.2M

Reporting period: 2026-03-31 · Number of holdings: 425

HORIZON FINANCIAL SERVICES, LLC disclosed 425 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $226.2M and a quarterly turnover rate of 14.7%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "H"

Personality snowflake

Concentration: 16.33
Portfolio Stability: 14.67
Momentum/Contrarian: 100
Sector conviction: 53.9
Diversification: 100
Sizing Uniformity: 59.52

Position sizes vary widely across the portfolio (a coefficient of variation of 4.05), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Trim SPYG
-10.8%　-$4.0M
Trim SCHM
-19.5%　-$2.6M
Trim SPYV
-9.6%　-$2.0M
Add SPSB
+15.4%　$2.5M
Add SPHY
+26.1%　$2.2M
Add SRLN
+24.7%　$1.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 425 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPSB	Ss Spdr P St C CORP ETF	ETF-Other	8.43%	+0.87%	+15.38%
2	SPYG	Ss Spdr P S&p 500 Growth ETF	ETF-Large Cap & Growth	8.00%	-2.07%	-10.84%
3	SPYV	Ss Spdr P S&p 500 Value ETF	ETF-Large Cap & Growth	7.99%	-1.15%	-9.58%
4	SPDW	Ste Str Spdr Pt Dw EU ETF	ETF-Other	5.64%	+0.08%	+1.74%
5	SCHM	Schwab US Mid Cap ETF	ETF-Other	5.49%	-1.33%	-19.46%
6	SPHY	Ss Spdr P High Yield ETF	ETF-High Yield	5.06%	+0.86%	+26.08%
7	SRLN	Ss Blackstone Sr Loan ETF	ETF-Other	4.89%	+0.74%	+24.70%
8	VGSH	Vanguard Short-term Treasury	ETF-Gov Bonds	4.69%	-0.23%	-1.37%
9	XLK	Ss Technology Select Sector	ETF-Tech	3.63%	-0.19%	+5.97%
10	SCHA	Schwab US Small-cap ETF	ETF-Other	3.50%	+0.09%	+3.68%
11	SPEM	State Street Sp Ptf Em ETF	ETF-Other	2.13%	+0.46%	+30.77%
12	SCHP	Schwab U.s. Tips ETF	ETF-Other	2.11%	+0.49%	+33.22%
13	SPMB	Ss Spdr P Mort Back Bond ETF	ETF-Other	2.08%	—	-1.30%
14	XLF	Ss Financial Select Sector	ETF-Other	2.04%	+0.49%	+49.91%
15	VCLT	Vanguard Long-term CORP Bond	ETF-Corp Bonds	1.90%	—	+2.74%
16	ICVT	Ishares Convertible Bond ETF	ETF-Other	1.86%	-0.01%	-0.86%
17	VSS	Vanguard Ftse All Wo X-us Sc	ETF-Other	1.59%	-0.01%	+1.05%
18	SPTL	Ss Spdr Pf Lng Trm Tsy E-usd	ETF-Other	1.45%	-0.01%	+2.81%
19	GLDM	Spdr Gold Minishares Trust	ETF-Commodities	1.41%	-0.01%	-5.70%
20	VWOB	Vanguard Emerg Mkts Gov Bnd	ETF-Other	1.38%	—	+1.54%
21	XLRE	Ss Real Estate Select Sector	ETF-Other	1.33%	—	-2.39%
22	XLI	Ss Industrial Select Sector	ETF-Other	1.31%	-0.29%	-19.28%
23	XLV	Ss Health Care Select Sector	ETF-Other	1.26%	—	+4.03%
24	MLPX	Global X Mlp & Energy Infras	ETF-Other	1.20%	+0.23%	+4.89%
25	SJNK	Ss Spdr Bb St Hi Yield ETF	ETF-Other	1.10%	+0.08%	+12.75%
26	FPE	Ft-preferred Secur & INC ETF	ETF-Other	1.08%	—	+1.25%
27	FLRN	Ss Spdr Bb Ig Float Rt ETF	ETF-Other	1.02%	-0.20%	-13.99%
28	VCIT	Vanguard Int-term Corporate	ETF-Corp Bonds	1.01%	+0.21%	+31.02%
29	XLY	Ss Consumer Disc Select Sect	ETF-Other	0.98%	—	+7.91%
30	XLP	Ss Consumer Staples Sel Sect	ETF-Other	0.89%	+0.27%	+41.40%
31	XLC	Ss Comm Select Sector Spdr	ETF-Other	0.84%	-0.41%	-26.10%
32	XLU	St Sr Utl Sl Se Spdr Etf-usd	ETF-Other	0.65%	+0.22%	+45.16%
33	MSFT	Microsoft CORP	Stock-Tech	0.61%	+0.13%	+69.64%
34	JPST	Jpmorgan Ultra-short Income	ETF-Other	0.58%	-0.10%	-11.49%
35	AAPL	Apple INC	Stock-Tech	0.57%	+0.06%	+23.26%
36	XLB	Ss Materials Select Sector	ETF-Other	0.51%	+0.06%	+6.45%
37	DUK	Duke Energy CORP	Stock-Utilities	0.50%	+0.04%	+0.01%
38	SCHR	Schwab Intermediate-term US	ETF-Other	0.46%	-0.12%	-18.07%
39	NVDA	Nvidia CORP	Stock-Tech	0.41%	+0.07%	+32.68%
40	LLY	Eli Lilly & Co	Stock-Healthcare	0.40%	-0.05%	+6.35%
41	XLE	Ss Energy Select Sector	ETF-Other	0.38%	-0.09%	-39.18%
42	HD	Home Depot INC	Stock-Consumer Disc	0.37%	—	+0.39%
43	VTIP	Vanguard Short-term Tips	ETF-Other	0.35%	+0.13%	+61.59%
44	PGHY	Invesco Global Ex US High Yi	ETF-Other	0.28%	—	+5.56%
45	✓		Stock-Other	0.25%	—	-0.31%
46	CW	Curtiss-wright CORP	Stock-Industrials	0.24%	+0.04%	—
47	AMZN	Amazon.com INC	Stock-Consumer Disc	0.20%	—	-0.81%
48	VUG	Vanguard Growth ETF	ETF-Other	0.19%	—	—
49	VOE	Vanguard Mid-cap Value ETF	ETF-Other	0.17%	+0.08%	+78.41%
50	LOW	Lowe's Cos INC	Stock-Consumer Disc	0.17%	—	+0.38%

1–50 of 200

Portfolio Performance

Performance for Q3 2026

+2.5%

Performance Last 4 Quarters

+14.2%

Based on 61% of reported portfolio value with available pricing

Stdev: +6.9%
Beta: +0.48
Alpha: +1.4%
Max Drawdown: -3.8%
Annualized Perf: +10.5%
Batting Avg vs S&P: +47.2%
Sortino: +3.02
Stutzer: +0.44
Treynor: +0.21
Sterling: +0.79
Calmar: +2.76
Information Ratio: -1.11
Tracking Error: +7.4%
Stdev Down: +3.4%
Winning Months %: +69.4%
Losing Months %: +30.6%
Best 12 Months: +17.8%
Worst 12 Months: +6%
Efficiency Ratio: +0.54
Sharpe: +1.48
Stdev Sectors: +9%
Skewness: 0
Kurtosis: -0.31
Upside Potential: +4.7

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	425	$226.2M	15	1SPSB 2SPYG 3SPYV Top holdings2026-03-31 1.SPSB 2.SPYG 3.SPYV 4.SPDW 5.SCHM 6.SPHY 7.SRLN 8.VGSH 9.XLK 10.SCHA
2025-12-31	404	$219.8M	7	1SPYG 2SPYV 3SPSB Top holdings2025-12-31 1.SPYG 2.SPYV 3.SPSB 4.SCHM 5.SPDW 6.VGSH 7.SPHY 8.SRLN 9.XLK 10.SCHA
2025-09-30	395	$209.6M	18	1SPYG 2SPYV 3SPSB Top holdings2025-09-30 1.SPYG 2.SPYV 3.SPSB 4.SCHM 5.SPDW 6.VGSH 7.SPHY 8.SRLN 9.SCHA 10.XLK
2025-06-30	320	$188.6M	0	1SPYG 2SPYV 3SPSB Top holdings2025-06-30 1.SPYG 2.SPYV 3.SPSB 4.SCHM 5.VGSH 6.SPDW 7.SPHY 8.SRLN 9.XLK 10.SCHA
2025-03-31	370	$4.3B	0	1SPSB 2SCHM 3SPHY Top holdings2025-03-31 1.SPSB 2.SCHM 3.SPHY 4.SPYV 5.SPDW 6.SCHA 7.SPMB 8.SPYG 9.SRLN 10.VGSH
2024-12-31	272	$177.8M	0	1VGSH 2SPYG 3SPYV Top holdings2024-12-31 1.VGSH 2.SPYG 3.SPYV 4.SPDW 5.SCHM 6.SPSB 7.BKLN 8.SPHY 9.SCHA 10.XLK
2024-09-30	285	$168.3M	0	1SPYG 2VGSH 3SPYV Top holdings2024-09-30 1.SPYG 2.VGSH 3.SPYV 4.SPDW 5.SCHM 6.SPHY 7.SPSB 8.BKLN 9.SCHA 10.VRP
2024-06-30	276	$158.3M	0	1SPYG 2VGSH 3SPYV Top holdings2024-06-30 1.SPYG 2.VGSH 3.SPYV 4.SPDW 5.SPHY 6.SCHM 7.SPSB 8.BKLN 9.SCHA 10.VRP
2024-03-31	266	$155.8M	0	1VGSH 2SPYG 3SPYV Top holdings2024-03-31 1.VGSH 2.SPYG 3.SPYV 4.SPDW 5.SPHY 6.SCHM 7.SPSB 8.BKLN 9.SCHA 10.VMBS
2023-12-31	55	$141.7M	0	1VGSH 2SPYG 3SPYV Top holdings2023-12-31 1.VGSH 2.SPYG 3.SPYV 4.USHY 5.SPDW 6.SCHM 7.VCSH 8.SCHA 9.BKLN 10.VRP
2023-09-30	49	$124.5M	0	1VGSH 2SPYG 3SPYV Top holdings2023-09-30 1.VGSH 2.SPYG 3.SPYV 4.USHY 5.VCSH 6.SPDW 7.SCHM 8.SCHA 9.BKLN 10.VRP
2023-06-30	49	$122.8M	0	1VGSH 2SPYG 3SPYV Top holdings2023-06-30 1.VGSH 2.SPYG 3.SPYV 4.USHY 5.SPDW 6.VCSH 7.SCHM 8.SCHA 9.BKLN 10.VRP
2023-03-31	51	$116.7M	0	1VGSH 2SPYG 3SPYV Top holdings2023-03-31 1.VGSH 2.SPYG 3.SPYV 4.USHY 5.SPDW 6.VCSH 7.SCHM 8.SCHA 9.VMBS 10.BKLN
2022-12-31	52	$115.8M	0	1SPYG 2VGSH 3SPYV Top holdings2022-12-31 1.SPYG 2.VGSH 3.SPYV 4.USHY 5.SCHM 6.SCHA 7.VCSH 8.SPDW 9.BKLN 10.VMBS
2022-09-30	58	$112.4M	0	1SPYG 2SPYV 3USHY Top holdings2022-09-30 1.SPYG 2.SPYV 3.USHY 4.SCHM 5.VCSH 6.SCHA 7.SPDW 8.VMBS 9.VGSH 10.BKLN
2022-06-30	55	$129.7M	0	1SPYG 2SPYV 3USHY Top holdings2022-06-30 1.SPYG 2.SPYV 3.USHY 4.SPTS 5.SCHM 6.VCSH 7.SPLB 8.SPDW 9.SCHA 10.BKLN
2022-03-31	56	$156.9M	0	1SPYG 2SPYV 3USHY Top holdings2022-03-31 1.SPYG 2.SPYV 3.USHY 4.SCHM 5.SPDW 6.SPLB 7.SCHA 8.BKLN 9.VMBS 10.VCSH
2021-12-31	124	$164.8M	0	1SPYG 2SPYV 3SPAB Top holdings2021-12-31 1.SPYG 2.SPYV 3.SPAB 4.USHY 5.SCHP 6.BKLN 7.SPDW 8.VMBS 9.EMB 10.VCSH
2021-09-30	146	$151.9M	0	1SPYG 2SPYV 3SPAB Top holdings2021-09-30 1.SPYG 2.SPYV 3.SPAB 4.USHY 5.SCHP 6.BKLN 7.VMBS 8.EMB 9.VCSH 10.SPDW
2021-06-30	137	$137.9M	91	1SPYG 2USHY 3SPYV Top holdings2021-06-30 1.SPYG 2.USHY 3.SPYV 4.SPAB 5.SCHP 6.BND 7.BKLN 8.VMBS 9.VGT 10.AGGY
2021-03-31	118	$114.1M	5	1BND 2AGGY 3VGT Top holdings2021-03-31 1.BND 2.AGGY 3.VGT 4.VUG 5.VIG 6.TOTL 7.MTUM 8.SHY 9.USMV 10.ICSH
2020-12-31	106	$110.3M	18	1BND 2AGGY 3VGT Top holdings2020-12-31 1.BND 2.AGGY 3.VGT 4.VUG 5.VIG 6.TOTL 7.MTUM 8.SHY 9.ICSH 10.USMV
2020-09-30	99	$102.9M	0	1BND 2SHY 3AGGY Top holdings2020-09-30 1.BND 2.SHY 3.AGGY 4.VGT 5.VUG 6.VIG 7.TOTL 8.MTUM 9.USMV 10.TIP

Holding changes this quarter

Position changes disclosed by Horizon Financial Services, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SPSB	Ss Spdr P St C CORP ETF	+0.9%	+15.38%	Add
2	SPHY	Ss Spdr P High Yield ETF	+0.9%	+26.08%	Add
3	SRLN	Ss Blackstone Sr Loan ETF	+0.7%	+24.70%	Add
4	SCHP	Schwab U.s. Tips ETF	+0.5%	+33.22%	Add
5	XLF	Ss Financial Select Sector	+0.5%	+49.91%	Add
6	SPEM	State Street Sp Ptf Em ETF	+0.5%	+30.77%	Add
7	XLP	Ss Consumer Staples Sel Sect	+0.3%	+41.40%	Add
8	MLPX	Global X Mlp & Energy Infras	+0.2%	+4.89%	Add
9	XLU	St Sr Utl Sl Se Spdr Etf-usd	+0.2%	+45.16%	Add
10	VCIT	Vanguard Int-term Corporate	+0.2%	+31.02%	Add
11	MSFT	Microsoft CORP	+0.1%	+69.64%	Add
12	VTIP	Vanguard Short-term Tips	+0.1%	+61.59%	Add
13	SCHA	Schwab US Small-cap ETF	+0.1%	+3.68%	Add
14	SPDW	Ste Str Spdr Pt Dw EU ETF	+0.1%	+1.74%	Add
15	SJNK	Ss Spdr Bb St Hi Yield ETF	+0.1%	+12.75%	Add
16	VOE	Vanguard Mid-cap Value ETF	+0.1%	+78.41%	Add
17	NVDA	Nvidia CORP	+0.1%	+32.68%	Add
18	NFLX	Netflix INC	+0.1%	+780.95%	Add
19	XLB	Ss Materials Select Sector	+0.1%	+6.45%	Add
20	AAPL	Apple INC	+0.1%	+23.26%	Add
21	VBR	Vanguard Small-cap Value ETF	+0.1%	+161.28%	Add
22	TSLA	Tesla INC	+0.1%	+208.33%	Add
23	VOT	Vanguard Mid-cap Growth ETF	+0.1%	+103.45%	Add
24	DUK	Duke Energy CORP	0%	+0.01%	Add
25	CW	Curtiss-wright CORP	0%	—	Unchanged
26	SPY	Ss Spdr S&p 500 ETF Trust-us	0%	+280.77%	Add
27	GOOGL	Alphabet Inc-cl A	0%	+122.74%	Add
28	VBK	Vanguard Small-cap Grwth ETF	0%	+97.57%	Add
29	META	Meta Platforms Inc-class A	0%	+86.12%	Add
30	GEV	GE Vernova INC	0%	+59.29%	Add
31	GE	General Electric	0%	+64.37%	Add
32	MA	Mastercard INC - A	0%	+151.43%	Add
33	ICVT	Ishares Convertible Bond ETF	0%	-0.86%	Trim
34	VSS	Vanguard Ftse All Wo X-us Sc	0%	+1.05%	Add
35	GLDM	Spdr Gold Minishares Trust	0%	-5.70%	Trim
36	SPTL	Ss Spdr Pf Lng Trm Tsy E-usd	0%	+2.81%	Add
37	LLY	Eli Lilly & Co	-0.1%	+6.35%	Add
38	XLE	Ss Energy Select Sector	-0.1%	-39.18%	Trim
39	JPST	Jpmorgan Ultra-short Income	-0.1%	-11.49%	Trim
40	SCHR	Schwab Intermediate-term US	-0.1%	-18.07%	Trim
41	XLK	Ss Technology Select Sector	-0.2%	+5.97%	Add
42	FLRN	Ss Spdr Bb Ig Float Rt ETF	-0.2%	-13.99%	Trim
43	VGSH	Vanguard Short-term Treasury	-0.2%	-1.37%	Trim
44	XLI	Ss Industrial Select Sector	-0.3%	-19.28%	Trim
45	XLC	Ss Comm Select Sector Spdr	-0.4%	-26.10%	Trim
46	SPYV	Ss Spdr P S&p 500 Value ETF	-1.2%	-9.58%	Trim
47	SCHM	Schwab US Mid Cap ETF	-1.3%	-19.46%	Trim
48	SPYG	Ss Spdr P S&p 500 Growth ETF	-2.1%	-10.84%	Trim
49	✓	Laboratory CORP Amer Hldgs	—	EXIT	Sold out
50	DFAU	Dimensional US Core Equity M	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-04-15	13F-HR	View on EDGAR
2025-12-31	2026-01-12	13F-HR	View on EDGAR
2025-09-30	2025-11-12	13F-HR	View on EDGAR
2025-06-30	2025-08-12	13F-HR	View on EDGAR
2025-03-31	2025-05-07	Amendment	View on EDGAR
2025-03-31	2025-04-28	13F-HR	View on EDGAR
2024-12-31	2025-02-12	13F-HR	View on EDGAR
2024-09-30	2024-11-13	13F-HR	View on EDGAR
2024-06-30	2024-08-15	Amendment	View on EDGAR
2024-06-30	2024-07-30	13F-HR	View on EDGAR
2024-03-31	2024-04-26	13F-HR	View on EDGAR
2023-12-31	2024-02-15	13F-HR	View on EDGAR
2023-09-30	2023-10-26	13F-HR	View on EDGAR
2023-06-30	2023-07-20	13F-HR	View on EDGAR
2023-03-31	2023-04-20	13F-HR	View on EDGAR
2022-12-31	2023-01-18	13F-HR	View on EDGAR
2022-09-30	2022-10-21	13F-HR	View on EDGAR
2022-06-30	2022-07-22	13F-HR	View on EDGAR
2022-03-31	2022-04-27	13F-HR	View on EDGAR
2021-12-31	2022-01-31	13F-HR	View on EDGAR
2021-09-30	2021-10-22	13F-HR	View on EDGAR
2021-06-30	2021-07-22	13F-HR	View on EDGAR
2021-03-31	2021-04-21	13F-HR	View on EDGAR
2020-12-31	2021-01-19	13F-HR	View on EDGAR
2020-09-30	2020-11-13	13F-HR	View on EDGAR