Horizon Financial Services, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Horizon Financial Services, LLC reported 254 stock positions worth $177.8 million. Its top holding was Vanguard Short-Term Treasury (VGSH) at 9.6% of the portfolio, followed by SS SPDR P S&P 500 Growth ETF (SPYG, 9.4%) and SS SPDR P S&P 500 Value ETF (SPYV, 7.8%). Compared with Q3 2024, it opened 14 new positions, sold out of 27, added to 51 and reduced 32. The biggest buy was Vanguard Short-Term Treasury (VGSH, shares +17%) and the biggest sale SS SPDR P S&P 500 Value ETF (SPYV, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- WINSTON SALEM, NC
- CIK
- 0001674020
- Portfolio Value
- $177.8M (Q4 2024)
- SEC Filing
- 0001674020-25-000001 ↗ filed Feb 12, 2025
Holdings Value
Holdings 254 stocks · $177.8M
| VGSH Vanguard Short-Term Treasury | 9.59% | 293,200 | $17.1M | Add +17.4% |
| SPYG SS SPDR P S&P 500 Growth ETF | 9.41% | 190,424 | $16.7M | Reduce -5.0% |
| SPYV SS SPDR P S&P 500 Value ETF | 7.77% | 270,251 | $13.8M | Reduce -2.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 6.10% | 317,871 | $10.8M | Add +0.9% |
| SCHM Schwab US Mid Cap ETF | 4.83% | 310,056 | $8.6M | Add +0.9% |
| SPSB SS SPDR P St C Corp. ETF | 4.68% | 278,625 | $8.3M | Add +13.9% |
| BKLN Invesco Senior Loan ETF | 4.58% | 386,760 | $8.1M | Add +15.8% |
| SPHY SS SPDR P High Yield ETF | 4.57% | 346,207 | $8.1M | Add +0.6% |
| SCHA Schwab US Small-Cap ETF | 3.82% | 262,724 | $6.8M | Add +2.9% |
| XLK SS Technology Select Sector | 3.14% | 23,981 | $5.6M | Add +28.2% |
| VRP Invesco Variable Rate Prefer | 2.56% | 188,177 | $4.6M | Add +0.2% |
| VMBS Vanguard Mortgage-Backed Sec | 2.54% | 99,434 | $4.5M | Add +9.9% |
| VCLT Vanguard Long-Term Corp. Bond | 2.01% | 47,913 | $3.6M | Add +0.9% |
| ICVT iShares Convertible Bond ETF | 1.94% | 40,704 | $3.5M | Reduce -2.4% |
| VSS Vanguard Ftse All Wo X-US SC | 1.91% | 29,706 | $3.4M | Reduce -1.9% |
| SCHP Schwab U.S. Tips ETF | 1.81% | 124,757 | $3.2M | Add +4.7% |
| SPEM State Street SP PTF Em ETF | 1.59% | 73,534 | $2.8M | Reduce -4.5% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 1.56% | 106,174 | $2.8M | Add +3.4% |
| VWOB Vanguard Emerg MKTS Gov BND | 1.50% | 42,379 | $2.7M | Add +0.8% |
| XLV SS Health Care Select Sector | 1.49% | 19,208 | $2.6M | Add +82.8% |
| WORLD GOLD TR | 1.42% | 48,735 | $2.5M | Reduce -7.0% |
| XLF SS Financial Select Sector | 1.34% | 49,387 | $2.4M | Reduce -16.4% |
| FLRN SS SPDR BB Ig Float RT ETF | 1.34% | 77,343 | $2.4M | Add +138.1% |
| XLRE SS Real Estate Select Sector | 1.29% | 56,256 | $2.3M | Add +1.3% |
| XLI SS Industrial Select Sector | 1.27% | 17,169 | $2.3M | Add +28.2% |
| XLC SS Comm Select Sector SPDR | 1.18% | 21,667 | $2.1M | Add +36.3% |
| GLOBAL X MLP ETF | 1.14% | 40,891 | $2.0M | Reduce -3.2% |
| VCIT Vanguard Int-Term Corporate | 1.09% | 24,054 | $1.9M | Reduce -9.7% |
| JPST JPMorgan Ultra-Short Income | 1.08% | 38,195 | $1.9M | Add +340.4% |
| XLY SS Consumer Disc Select Sect | 1.08% | 8,546 | $1.9M | Add +19.0% |
| SHYG iShares 0-5 YR HY Corp. Bond | 1.03% | 42,946 | $1.8M | Add +241.6% |
| XLP SS Consumer Staples Sel Sect | 0.79% | 17,872 | $1.4M | Add +21.7% |
| AAPL Apple Inc. | 0.51% | 3,602 | $902K | Add +0.2% |
| HD Home Depot Inc. | 0.49% | 2,255 | $877K | No change |
| PGHY Invesco Global Ex US High Yi | 0.49% | 44,492 | $874K | Add +278.4% |
| DUK Duke Energy Corp. | 0.49% | 8,057 | $868K | Reduce -8.0% |
| XLB SS Materials Select Sector | 0.48% | 10,075 | $848K | Add +165.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.41% | 9,671 | $732K | Add +19.7% |
| LLY Eli Lilly & Co. | 0.39% | 890 | $687K | No change |
| SCHR Schwab Intermediate-Term US | 0.37% | 27,231 | $661K | Reduce -14.8% |
| AMZN Amazon.com Inc. | 0.36% | 2,912 | $639K | Reduce -0.4% |
| VTIP Vanguard Short-Term Tips | 0.29% | 10,477 | $507K | Add +273.5% |
| XLE SS Energy Select Sector | 0.27% | 5,546 | $475K | Reduce -29.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.23% | 997 | $409K | Reduce -5.0% |
| LOW Lowe's Cos Inc. | 0.23% | 1,651 | $407K | No change |
| NVDA Nvidia Corp. | 0.21% | 2,718 | $365K | Add +10.3% |
| DFAC Dimensional US Core Equity 2 | 0.18% | 9,292 | $321K | No change |
| BSJP Invesco Bulletshares 2025 HY | 0.17% | 12,785 | $295K | Add +16.8% |
| AON Aon PLC | 0.16% | 775 | $278K | No change |
| T AT&T Inc. | 0.15% | 11,667 | $266K | No change |
| CMBS iShares CMBS ETF | 0.15% | 5,473 | $258K | Reduce -20.3% |
| UNH Unitedhealth Group Inc. | 0.14% | 509 | $257K | No change |
| VGT Vanguard Info Tech ETF | 0.14% | 386 | $240K | No change |
| APH Amphenol Corp. Class A | 0.11% | 2,822 | $196K | No change |
| CMCSA Comcast Corp. Class A | 0.10% | 4,899 | $184K | No change |
| GPC Genuine Parts Co. | 0.10% | 1,554 | $181K | No change |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.09% | 637 | $162K | No change |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.09% | 974 | $158K | Add +0.5% |
| IAGG iShares Intl Aggregate Bond | 0.08% | 2,948 | $147K | Add +6.6% |
| BSJQ Invesco Bulletshares 2026 HY | 0.07% | 5,149 | $120K | Add +54.3% |
| AVGO Broadcom Pte Ltd. | 0.07% | 516 | $120K | Add +3.2% |
| ACHR Archer Aviation Inc. Class A | 0.07% | 11,885 | $116K | No change |
| EMHY iShares J.P. Morgan Em High | 0.06% | 2,934 | $111K | Reduce -22.3% |
| BAB Invesco Taxable Municipal Bo | 0.06% | 4,093 | $107K | Reduce -18.7% |
| CRM Salesforce Inc. | 0.06% | 298 | $100K | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.05% | 449 | $89K | No change |
| ON ASSIGNMENT INC filed as ASGN | 0.05% | 1,032 | $86K | No change |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.05% | 292 | $82K | No change |
| DELL Dell Technologies -C | 0.05% | 700 | $81K | No change |
| ENB Enbridge Inc. | 0.04% | 1,882 | $80K | Reduce -47.3% |
| GOOG Alphabet Inc. Class C | 0.04% | 418 | $80K | Add +116.6% |
| RY Royal Bank of Canada | 0.04% | 615 | $74K | Reduce -12.1% |
| SCHG Schwab US Large-Cap Growth | 0.04% | 2,638 | $74K | Add +13.1% |
| MSFT Microsoft Corp. | 0.04% | 164 | $69K | Reduce -13.7% |
| STNC Hennessy Sustainable ETF | 0.04% | 2,248 | $68K | No change |
| AMAT Applied Materials Inc. | 0.04% | 400 | $65K | No change |
| GOOGL Alphabet Inc. Class A | 0.03% | 320 | $61K | No change |
| SCHV Schwab US Large-Cap Value | 0.03% | 2,244 | $59K | No change |
| JPM JPMorgan Chase & Co. | 0.03% | 212 | $51K | Reduce -56.2% |
| SMH Vaneck Semiconductor ETF | 0.03% | 206 | $50K | Add +32.9% |
| V Visa Inc. Class A | 0.02% | 139 | $44K | No change |
| BSJT Invesco Bulletshares 2029 HY | 0.02% | 1,984 | $42K | New |
| PNFP Pinnacle Financial Partners | 0.02% | 368 | $42K | No change |
| BSJR Invesco Bulletshares 2027 HY | 0.02% | 1,879 | $42K | New |
| XYLD Global X S&P 500 Cove Call E | 0.02% | 1,000 | $42K | No change |
| BSJS Invesco Bulletshares 2028 HY | 0.02% | 1,932 | $42K | New |
| ABT Abbott Laboratories | 0.02% | 361 | $41K | Reduce -11.7% |
| GS Goldman Sachs Group Inc. | 0.02% | 59 | $34K | Add +31.1% |
| INTC Intel Corp. | 0.02% | 1,600 | $32K | No change |
| ETHE Grayscale Ethereum Staking E | 0.02% | 1,090 | $31K | No change |
| VZ Verizon Communications Inc. | 0.02% | 744 | $30K | No change |
| ARCC Ares Capital Corp. | 0.02% | 1,342 | $29K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.02% | 64 | $29K | Add +8.5% |
| PG The Procter & Gamble Co. | 0.02% | 163 | $27K | No change |
| WMT Walmart Inc. | 0.01% | 288 | $26K | Add +1007.7% |
| XYZ Block Inc. | 0.01% | 300 | $25K | No change |
| MRK Merck & Co. Inc. | 0.01% | 250 | $25K | No change |
| BOTZ Global X Robotics & Artifici | 0.01% | 660 | $21K | No change |
| VMI Valmont Industries | 0.01% | 65 | $20K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.01% | 100 | $20K | Reduce -36.7% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $9K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FIRST EAGLE ALTERNATIVE (FCRD 5 05/25/26) | Stock | 375 | $9K | No change |
Total filed on the 13F, all lines: $177.8M.
Portfolio Sells Q3 2024 → Q4 2024
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -2.6% | 7.77% | −0.94 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -5.0% | 9.41% | −0.47 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -1.9% | 1.91% | −0.35 |
| SPEM State Street SP PTF Em ETF | Reduce -4.5% | 1.59% | −0.30 |
| XLF SS Financial Select Sector | Reduce -16.4% | 1.34% | −0.25 |
| VCIT Vanguard Int-Term Corporate | Reduce -9.7% | 1.09% | −0.24 |
| WORLD GOLD TR | Reduce -7.0% | 1.42% | −0.20 |
| BSJO Invesco Bulletshares 2024 HY | Sold out | 0.00% | −0.15 |
| XLE SS Energy Select Sector | Reduce -29.4% | 0.27% | −0.14 |
| ICVT iShares Convertible Bond ETF | Reduce -2.4% | 1.94% | −0.13 |
| DUK Duke Energy Corp. | Reduce -8.0% | 0.49% | −0.11 |
| SCHR Schwab Intermediate-Term US | Reduce -14.8% | 0.37% | −0.11 |
| GLOBAL X MLP ETF | Reduce -3.2% | 1.14% | −0.07 |
| VOO Vanguard S&P 500 ETF | Reduce -93.0% | 0.00% | −0.05 |
| CMBS iShares CMBS ETF | Reduce -20.3% | 0.15% | −0.05 |
| ENB Enbridge Inc. | Reduce -47.3% | 0.04% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -56.2% | 0.03% | −0.03 |
| EMHY iShares J.P. Morgan Em High | Reduce -22.3% | 0.06% | −0.02 |
| BAB Invesco Taxable Municipal Bo | Reduce -18.7% | 0.06% | −0.02 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.02 |
| ETD Ethan Allen Interiors Inc. | Reduce -90.1% | 0.00% | −0.02 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.01 |
| IEI iShares 3-7 Year Treasury Bo | Sold out | 0.00% | −0.01 |
| GLD SPDR Gold Shares | Reduce -72.9% | 0.00% | −0.01 |
| RY Royal Bank of Canada | Reduce -12.1% | 0.04% | −0.01 |
| BB Blackberry Ltd. | Sold out | 0.00% | −0.01 |
| MSFT Microsoft Corp. | Reduce -13.7% | 0.04% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -5.0% | 0.23% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Sold out | 0.00% | −0.01 |
| IIPR Innovative Industrial Proper | Reduce -4.7% | 0.01% | −0.01 |
| PEP Pepsico Inc. | Reduce -43.1% | 0.01% | −0.01 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -36.7% | 0.01% | −0.01 |
| XAR SS SPDR S&P Aerospace Def | Sold out | 0.00% | −0.01 |
| ABT Abbott Laboratories | Reduce -11.7% | 0.02% | −0.00 |
| PAVE Global X US Infrastructure | Sold out | 0.00% | −0.00 |
| DXJ Wisdomtree Japan Hedged Eq | Sold out | 0.00% | −0.00 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.00 |
| FLIN Franklin Ftse India ETF | Sold out | 0.00% | −0.00 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.00 |
| AOA iShares Core 80/20 Aggressiv | Reduce -46.5% | 0.00% | −0.00 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -34.8% | 0.00% | −0.00 |
| CGNX Cognex Corp. | Sold out | 0.00% | −0.00 |
| DMLP Dorchester Minerals LP | Sold out | 0.00% | −0.00 |
| CURLF Curaleaf Holdings Inc. | Sold out | 0.00% | −0.00 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.00 |
| FDIS Fidelity MSCI Cons Discr Ind | Sold out | 0.00% | −0.00 |
| FDVV Fidelity High Dividend ETF | Sold out | 0.00% | −0.00 |
| VRSN | Sold out | 0.00% | −0.00 |
| TPVG Triplepoint Venture Growth B | Sold out | 0.00% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| VGSH Vanguard Short-Term Treasury | Add +17.4% | 9.59% | +0.83 |
| JPST JPMorgan Ultra-Short Income | Add +340.4% | 1.08% | +0.82 |
| FLRN SS SPDR BB Ig Float RT ETF | Add +138.1% | 1.34% | +0.74 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +241.6% | 1.03% | +0.70 |
| XLK SS Technology Select Sector | Add +28.2% | 3.14% | +0.63 |
| XLV SS Health Care Select Sector | Add +82.8% | 1.49% | +0.52 |
| BKLN Invesco Senior Loan ETF | Add +15.8% | 4.58% | +0.42 |
| PGHY Invesco Global Ex US High Yi | Add +278.4% | 0.49% | +0.35 |
| XLC SS Comm Select Sector SPDR | Add +36.3% | 1.18% | +0.33 |
| SPSB SS SPDR P St C Corp. ETF | Add +13.9% | 4.68% | +0.28 |
| XLB SS Materials Select Sector | Add +165.9% | 0.48% | +0.26 |
| XLY SS Consumer Disc Select Sect | Add +19.0% | 1.08% | +0.22 |
| VTIP Vanguard Short-Term Tips | Add +273.5% | 0.29% | +0.20 |
| XLI SS Industrial Select Sector | Add +28.2% | 1.27% | +0.19 |
| XLP SS Consumer Staples Sel Sect | Add +21.7% | 0.79% | +0.07 |
| NVDA Nvidia Corp. | Add +10.3% | 0.21% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +116.6% | 0.04% | +0.03 |
| BSJT Invesco Bulletshares 2029 HY | New | 0.02% | +0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +19.7% | 0.41% | +0.02 |
| BSJR Invesco Bulletshares 2027 HY | New | 0.02% | +0.02 |
| BSJS Invesco Bulletshares 2028 HY | New | 0.02% | +0.02 |
| BSJQ Invesco Bulletshares 2026 HY | Add +54.3% | 0.07% | +0.02 |
| AVGO Broadcom Pte Ltd. | Add +3.2% | 0.07% | +0.02 |
| BSJP Invesco Bulletshares 2025 HY | Add +16.8% | 0.17% | +0.02 |
| WMT Walmart Inc. | Add +1007.7% | 0.01% | +0.01 |
| AAPL Apple Inc. | Add +0.2% | 0.51% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +31.1% | 0.02% | +0.01 |
| POWERSHARES | Add +316.7% | 0.01% | +0.01 |
| SMH Vaneck Semiconductor ETF | Add +32.9% | 0.03% | +0.01 |
| SCHG Schwab US Large-Cap Growth | Add +13.1% | 0.04% | +0.01 |
| PFG Principal Financial Group | Add +585.7% | 0.00% | +0.00 |
| CCL Carnival Corp. | Add +75.0% | 0.01% | +0.00 |
| COP Conocophillips | New | 0.00% | +0.00 |
| DECK Deckers Outdoor Corp. | New | 0.00% | +0.00 |
| FISV Fiserv Inc. | New | 0.00% | +0.00 |
| GEHC GE Healthcare Technology | New | 0.00% | +0.00 |
| NFLX Netflix Inc. | New | 0.00% | +0.00 |
| KO The Coca-Cola Co. | Add +238.1% | 0.00% | +0.00 |
| MU Micron Technology Inc. | Add +233.3% | 0.00% | +0.00 |
| THC Tenet Healthcare Corp. | New | 0.00% | +0.00 |
| VRSN Verisign Inc. | New | 0.00% | +0.00 |
| MELI MercadoLibre Inc. | Add +50.0% | 0.00% | +0.00 |
| BN Brookfield Corp. | New | 0.00% | +0.00 |
| KGS Kodiak Gas Services Inc. | Add +1.8% | 0.00% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +8.5% | 0.02% | +0.00 |
| GLW Corning Inc. | New | 0.00% | +0.00 |
| ORCL Oracle Corp. | New | 0.00% | +0.00 |
| DJT Trump Media & Technology Gro | New | 0.00% | 0.00 |
| HTGC Hercules Capital Inc. | Add +2.5% | 0.00% | 0.00 |
| ROL Rollins Inc. | Add +2.0% | 0.00% | −0.00 |
Notes & Other Activity Q3 2024 → Q4 2024
| DIA SS SPDR Dow Jones Indus Avg | UT SER 1 | Reduce -100.0% | 0 | $0 |
| AOR iShares Core 60/40 Balanced | CORE 60 BALA ETF | Reduce -100.0% | 0 | $0 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 605 | $260.8M | SPYG, SPYV, SPSB, SCHM, SPDW |
| Q1 2026 | 381 | $226.2M | SPSB, SPYG, SPYV, SPDW, SCHM |
| Q4 2025 | 365 | $219.8M | SPYG, SPYV, SPSB, SCHM, SPDW |
| Q3 2025 | 355 | $209.6M | SPYG, SPYV, SPSB, SCHM, SPDW |
| Q2 2025 | 319 | $188.6M | SPYG, SPYV, SPSB, SCHM, VGSH |
| Q1 2025Amended | 291 | $179.4M | SPYV, SPYG, SPSB, SCHM, VGSH |
| Q4 2024 | 254 | $177.8M | VGSH, SPYG, SPYV, SPDW, SCHM |
| Q3 2024 | 269 | $168.3M | SPYG, VGSH, SPYV, SPDW, SCHM |
| Q2 2024Amended | 265 | $158.2M | SPYG, VGSH, SPYV, SPDW, SPHY |
| Q1 2024 | 260 | $155.8M | VGSH, SPYG, SPYV, SPDW, SPHY |