Horizon Financial Services, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Horizon Financial Services, LLC reported 291 stock positions worth $179.4 million. Its top holding was SS SPDR P S&P 500 Value ETF (SPYV) at 9.0% of the portfolio, followed by SS SPDR P S&P 500 Growth ETF (SPYG, 8.9%) and SS SPDR P St C Corp. ETF (SPSB, 8.3%). Compared with Q4 2024, it opened 101 new positions, sold out of 65, added to 53 and reduced 76. The biggest buy was a new position in SS Blackstone Sr Loan ETF (SRLN) and the biggest sale Invesco Senior Loan ETF (BKLN, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- WINSTON SALEM, NC
- CIK
- 0001674020
- Portfolio Value
- $179.4M (Q1 2025)
- SEC Filing
- 0001674020-25-000004 ↗ filed May 7, 2025
Holdings Value
Holdings 291 stocks · $179.4M
| SPYV SS SPDR P S&P 500 Value ETF | 9.02% | 316,957 | $16.2M | Add +17.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 8.94% | 199,485 | $16.0M | Add +4.8% |
| SPSB SS SPDR P St C Corp. ETF | 8.31% | 495,626 | $14.9M | Add +77.9% |
| SCHM Schwab US Mid Cap ETF | 6.30% | 431,142 | $11.3M | Add +39.0% |
| VGSH Vanguard Short-Term Treasury | 6.11% | 186,941 | $11.0M | Reduce -36.2% |
| SPDW Ste STR SPDR PT DW Eu ETF | 5.60% | 275,994 | $10.0M | Reduce -13.2% |
| SPHY SS SPDR P High Yield ETF | 4.74% | 363,209 | $8.5M | Add +4.9% |
| SRLN SS Blackstone Sr Loan ETF | 4.42% | 192,818 | $7.9M | New |
| SCHA Schwab US Small-Cap ETF | 3.29% | 252,123 | $5.9M | Reduce -4.0% |
| XLK SS Technology Select Sector | 2.88% | 24,983 | $5.2M | Add +4.2% |
| SPMB SS SPDR P Mort Back Bond ETF | 2.56% | 208,006 | $4.6M | New |
| VCLT Vanguard Long-Term Corp. Bond | 2.16% | 50,941 | $3.9M | Add +6.3% |
| ICVT iShares Convertible Bond ETF | 1.96% | 42,012 | $3.5M | Add +3.2% |
| SCHP Schwab U.S. Tips ETF | 1.94% | 129,630 | $3.5M | Add +3.9% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 1.78% | 116,901 | $3.2M | Add +10.1% |
| SPEM State Street SP PTF Em ETF | 1.69% | 76,838 | $3.0M | Add +4.5% |
| GLDM SPDR Gold Minishares Trust | 1.67% | 48,469 | $3.0M | New |
| VSS Vanguard Ftse All Wo X-US SC | 1.64% | 25,390 | $2.9M | Reduce -14.5% |
| XLRE SS Real Estate Select Sector | 1.60% | 68,478 | $2.9M | Add +21.7% |
| VWOB Vanguard Emerg MKTS Gov BND | 1.58% | 44,257 | $2.8M | Add +4.4% |
| XLV SS Health Care Select Sector | 1.58% | 19,436 | $2.8M | Add +1.2% |
| FLRN SS SPDR BB Ig Float RT ETF | 1.31% | 76,298 | $2.4M | Reduce -1.4% |
| FPE FT-Preferred Secur & Inc. ETF | 1.27% | 129,189 | $2.3M | New |
| MLPX Global X MLP & Energy Infras | 1.20% | 33,622 | $2.1M | New |
| XLC SS Comm Select Sector SPDR | 1.16% | 21,652 | $2.1M | Reduce -0.1% |
| XLF SS Financial Select Sector | 1.16% | 41,690 | $2.1M | Reduce -15.6% |
| XLI SS Industrial Select Sector | 1.12% | 15,283 | $2.0M | Reduce -11.0% |
| JPST JPMorgan Ultra-Short Income | 1.02% | 36,189 | $1.8M | Reduce -5.3% |
| XLY SS Consumer Disc Select Sect | 1.01% | 9,215 | $1.8M | Add +7.8% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.88% | 62,497 | $1.6M | New |
| XLP SS Consumer Staples Sel Sect | 0.84% | 18,500 | $1.5M | Add +3.5% |
| VCIT Vanguard Int-Term Corporate | 0.82% | 18,002 | $1.5M | Reduce -25.2% |
| SCHR Schwab Intermediate-Term US | 0.57% | 41,252 | $1.0M | Add +51.5% |
| DUK Duke Energy Corp. | 0.54% | 7,973 | $972K | Reduce -1.0% |
| XLB SS Materials Select Sector | 0.50% | 10,446 | $898K | Add +3.7% |
| HD Home Depot Inc. | 0.46% | 2,252 | $825K | Reduce -0.1% |
| XLE SS Energy Select Sector | 0.45% | 8,705 | $813K | Add +57.0% |
| PGHY Invesco Global Ex US High Yi | 0.44% | 39,870 | $790K | Reduce -10.4% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.42% | 9,652 | $761K | Reduce -0.2% |
| AAPL Apple Inc. | 0.42% | 3,364 | $747K | Reduce -6.6% |
| LLY Eli Lilly & Co. | 0.41% | 891 | $736K | Add +0.1% |
| VTIP Vanguard Short-Term Tips | 0.32% | 11,562 | $577K | Add +10.4% |
| BSJP Invesco Bulletshares 2025 HY | 0.22% | 16,801 | $387K | Add +31.4% |
| LOW Lowe's Cos Inc. | 0.21% | 1,631 | $380K | Reduce -1.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.21% | 997 | $370K | No change |
| AON Aon PLC | 0.17% | 771 | $308K | Reduce -0.5% |
| DFAC Dimensional US Core Equity 2 | 0.17% | 9,292 | $307K | No change |
| AMZN Amazon.com Inc. | 0.17% | 1,604 | $305K | Reduce -44.9% |
| NVDA Nvidia Corp. | 0.16% | 2,702 | $293K | Reduce -0.6% |
| UNH Unitedhealth Group Inc. | 0.15% | 510 | $267K | Add +0.2% |
| CMBS iShares CMBS ETF | 0.15% | 5,542 | $266K | Add +1.3% |
| T AT&T Inc. | 0.13% | 8,168 | $231K | Reduce -30.0% |
| BSJQ Invesco Bulletshares 2026 HY | 0.12% | 9,119 | $211K | Add +77.1% |
| VGT Vanguard Info Tech ETF | 0.11% | 369 | $200K | Reduce -4.4% |
| GPC Genuine Parts Co. | 0.10% | 1,554 | $185K | No change |
| APH Amphenol Corp. Class A | 0.10% | 2,815 | $185K | Reduce -0.3% |
| IAGG iShares Intl Aggregate Bond | 0.08% | 2,961 | $148K | Add +0.4% |
| CMCSA Comcast Corp. Class A | 0.07% | 3,428 | $126K | Reduce -30.0% |
| BAB Invesco Taxable Municipal Bo | 0.06% | 4,262 | $114K | Add +4.1% |
| EMHY iShares J.P. Morgan Em High | 0.06% | 2,933 | $112K | Reduce -0.0% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.06% | 693 | $111K | Reduce -28.9% |
| AVGO Broadcom Pte Ltd. | 0.05% | 532 | $89K | Add +3.1% |
| ACHR Archer Aviation Inc. Class A | 0.05% | 11,885 | $85K | No change |
| ENB Enbridge Inc. | 0.05% | 1,882 | $83K | No change |
| CRM Salesforce Inc. | 0.04% | 300 | $81K | Add +0.7% |
| MSFT Microsoft Corp. | 0.04% | 208 | $78K | Add +26.8% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.04% | 307 | $75K | Reduce -51.8% |
| RY Royal Bank of Canada | 0.04% | 615 | $69K | No change |
| STNC Hennessy Sustainable ETF | 0.04% | 2,248 | $67K | No change |
| SCHG Schwab US Large-Cap Growth | 0.04% | 2,638 | $66K | No change |
| BKLN Invesco Senior Loan ETF | 0.04% | 3,181 | $66K | Reduce -99.2% |
| ON ASSIGNMENT INC filed as ASGN | 0.04% | 1,032 | $65K | No change |
| DELL Dell Technologies -C | 0.04% | 700 | $64K | No change |
| SCHV Schwab US Large-Cap Value | 0.03% | 2,244 | $60K | No change |
| AMAT Applied Materials Inc. | 0.03% | 405 | $59K | Add +1.3% |
| JPM JPMorgan Chase & Co. | 0.03% | 203 | $50K | Reduce -4.3% |
| V Visa Inc. Class A | 0.03% | 138 | $48K | Reduce -0.7% |
| REET iShares Global REIT ETF | 0.03% | 1,989 | $48K | New |
| GOOG Alphabet Inc. Class C | 0.03% | 292 | $46K | Reduce -30.1% |
| ABT Abbott Laboratories | 0.03% | 340 | $45K | Reduce -5.8% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.02% | 173 | $44K | Reduce -40.8% |
| XYLD Global X S&P 500 Cove Call E | 0.02% | 1,000 | $39K | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.02% | 211 | $39K | Reduce -53.0% |
| PNFP Pinnacle Financial Partners | 0.02% | 368 | $39K | No change |
| BSJR Invesco Bulletshares 2027 HY | 0.02% | 1,682 | $38K | Reduce -10.5% |
| BSJS Invesco Bulletshares 2028 HY | 0.02% | 1,736 | $38K | Reduce -10.1% |
| BSJT Invesco Bulletshares 2029 HY | 0.02% | 1,782 | $38K | Reduce -10.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.02% | 69 | $37K | Add +7.8% |
| INTC Intel Corp. | 0.02% | 1,600 | $36K | No change |
| VMBS Vanguard Mortgage-Backed Sec | 0.02% | 761 | $35K | Reduce -99.2% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.02% | 790 | $34K | Reduce -98.2% |
| GS Goldman Sachs Group Inc. | 0.02% | 61 | $33K | Add +3.4% |
| PG The Procter & Gamble Co. | 0.02% | 174 | $30K | Add +6.8% |
| GOOGL Alphabet Inc. Class A | 0.01% | 173 | $27K | Reduce -45.9% |
| WMT Walmart Inc. | 0.01% | 299 | $26K | Add +3.8% |
| CVS CVS Health Corp. | 0.01% | 350 | $24K | Add +7.7% |
| MRK Merck & Co. Inc. | 0.01% | 250 | $22K | No change |
| VRP Invesco Variable Rate Prefer | 0.01% | 872 | $21K | Reduce -99.5% |
| CSCO Cisco Systems Inc. | 0.01% | 325 | $20K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.01% | 80 | $20K | No change |
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: $179.4M.
Portfolio Sells Q4 2024 → Q1 2025
| BKLN Invesco Senior Loan ETF | Reduce -99.2% | 0.04% | −4.55 |
| VGSH Vanguard Short-Term Treasury | Reduce -36.2% | 6.11% | −3.48 |
| VRP Invesco Variable Rate Prefer | Reduce -99.5% | 0.01% | −2.55 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -99.2% | 0.02% | −2.52 |
| WORLD GOLD TR | Sold out | 0.00% | −1.42 |
| GLOBAL X MLP ETF | Reduce -99.7% | 0.00% | −1.13 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -98.2% | 0.02% | −1.01 |
| SCHA Schwab US Small-Cap ETF | Reduce -4.0% | 3.29% | −0.53 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -13.2% | 5.60% | −0.50 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -14.5% | 1.64% | −0.28 |
| VCIT Vanguard Int-Term Corporate | Reduce -25.2% | 0.82% | −0.27 |
| AMZN Amazon.com Inc. | Reduce -44.9% | 0.17% | −0.19 |
| XLF SS Financial Select Sector | Reduce -15.6% | 1.16% | −0.18 |
| XLI SS Industrial Select Sector | Reduce -11.0% | 1.12% | −0.16 |
| AAPL Apple Inc. | Reduce -6.6% | 0.42% | −0.09 |
| JPST JPMorgan Ultra-Short Income | Reduce -5.3% | 1.02% | −0.06 |
| PGHY Invesco Global Ex US High Yi | Reduce -10.4% | 0.44% | −0.05 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -51.8% | 0.04% | −0.05 |
| NVDA Nvidia Corp. | Reduce -0.6% | 0.16% | −0.04 |
| HD Home Depot Inc. | Reduce -0.1% | 0.46% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -30.0% | 0.07% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -53.0% | 0.02% | −0.03 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -28.9% | 0.06% | −0.03 |
| FLRN SS SPDR BB Ig Float RT ETF | Reduce -1.4% | 1.31% | −0.03 |
| VGT Vanguard Info Tech ETF | Reduce -4.4% | 0.11% | −0.02 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -40.8% | 0.02% | −0.02 |
| T AT&T Inc. | Reduce -30.0% | 0.13% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -30.1% | 0.03% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -45.9% | 0.01% | −0.02 |
| SMH Vaneck Semiconductor ETF | Reduce -62.6% | 0.01% | −0.02 |
| ETHE Grayscale Ethereum Staking E | Sold out | 0.00% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -1.2% | 0.21% | −0.02 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.02 |
| ARCC Ares Capital Corp. | Sold out | 0.00% | −0.02 |
| XLC SS Comm Select Sector SPDR | Reduce -0.1% | 1.16% | −0.02 |
| APH Amphenol Corp. Class A | Reduce -0.3% | 0.10% | −0.01 |
| IIPR Innovative Industrial Proper | Sold out | 0.00% | −0.01 |
| LIT Global X Lithium & Battery T | Sold out | 0.00% | −0.00 |
| WBD Warner Bros Discovery Inc. | Reduce -93.5% | 0.00% | −0.00 |
| PFG Principal Financial Group | Sold out | 0.00% | −0.00 |
| TSLA Tesla Inc. | Reduce -43.5% | 0.00% | −0.00 |
| MVIS | Sold out | 0.00% | −0.00 |
| KMB Kimberly-Clark Corp. | Reduce -85.7% | 0.00% | −0.00 |
| BSJT Invesco Bulletshares 2029 HY | Reduce -10.2% | 0.02% | −0.00 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.00 |
| BCHG Grayscale Bitcoin Cash Trust | Sold out | 0.00% | −0.00 |
| BSJR Invesco Bulletshares 2027 HY | Reduce -10.5% | 0.02% | −0.00 |
| AMD Advanced Micro Devices | Reduce -14.9% | 0.01% | −0.00 |
| BSJS Invesco Bulletshares 2028 HY | Reduce -10.1% | 0.02% | −0.00 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| SRLN SS Blackstone Sr Loan ETF | New | 4.42% | +4.42 |
| SPSB SS SPDR P St C Corp. ETF | Add +77.9% | 8.31% | +3.64 |
| SPMB SS SPDR P Mort Back Bond ETF | New | 2.56% | +2.56 |
| GLDM SPDR Gold Minishares Trust | New | 1.67% | +1.67 |
| SCHM Schwab US Mid Cap ETF | Add +39.0% | 6.30% | +1.46 |
| FPE FT-Preferred Secur & Inc. ETF | New | 1.27% | +1.27 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +17.3% | 9.02% | +1.25 |
| MLPX Global X MLP & Energy Infras | New | 1.20% | +1.20 |
| SJNK SS SPDR BB St Hi Yield ETF | New | 0.88% | +0.88 |
| XLRE SS Real Estate Select Sector | Add +21.7% | 1.60% | +0.31 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +10.1% | 1.78% | +0.21 |
| SCHR Schwab Intermediate-Term US | Add +51.5% | 0.57% | +0.20 |
| XLE SS Energy Select Sector | Add +57.0% | 0.45% | +0.19 |
| SPHY SS SPDR P High Yield ETF | Add +4.9% | 4.74% | +0.17 |
| VCLT Vanguard Long-Term Corp. Bond | Add +6.3% | 2.16% | +0.14 |
| SCHP Schwab U.S. Tips ETF | Add +3.9% | 1.94% | +0.13 |
| SPEM State Street SP PTF Em ETF | Add +4.5% | 1.69% | +0.10 |
| XLV SS Health Care Select Sector | Add +1.2% | 1.58% | +0.10 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +4.4% | 1.58% | +0.08 |
| XLP SS Consumer Staples Sel Sect | Add +3.5% | 0.84% | +0.05 |
| BSJQ Invesco Bulletshares 2026 HY | Add +77.1% | 0.12% | +0.05 |
| BSJP Invesco Bulletshares 2025 HY | Add +31.4% | 0.22% | +0.05 |
| VTIP Vanguard Short-Term Tips | Add +10.4% | 0.32% | +0.04 |
| REET iShares Global REIT ETF | New | 0.03% | +0.03 |
| XLB SS Materials Select Sector | Add +3.7% | 0.50% | +0.02 |
| LLY Eli Lilly & Co. | Add +0.1% | 0.41% | +0.02 |
| ICVT iShares Convertible Bond ETF | Add +3.2% | 1.96% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.01% | +0.01 |
| UPS United Parcel Service Class B | New | 0.01% | +0.01 |
| FDX FedEx Corp. | New | 0.01% | +0.01 |
| CVS CVS Health Corp. | Add +7.7% | 0.01% | +0.01 |
| MSFT Microsoft Corp. | Add +26.8% | 0.04% | +0.00 |
| SCHW Schwab (charles) Corp. | Add +89.4% | 0.01% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +7.8% | 0.02% | +0.00 |
| UNH Unitedhealth Group Inc. | Add +0.2% | 0.15% | +0.00 |
| META Meta Platforms Inc. Class A | New | 0.00% | +0.00 |
| BAB Invesco Taxable Municipal Bo | Add +4.1% | 0.06% | +0.00 |
| CMBS iShares CMBS ETF | Add +1.3% | 0.15% | +0.00 |
| CMG Chipotle Mexican Grill Inc. | New | 0.00% | +0.00 |
| XOM Exxon Mobil Corp. | New | 0.00% | +0.00 |
| JNJ Johnson & Johnson | New | 0.00% | +0.00 |
| ZTS Zoetis Inc. | New | 0.00% | +0.00 |
| EOG EOG Resources Inc. | New | 0.00% | +0.00 |
| HRL Hormel Foods Corp. | New | 0.00% | +0.00 |
| PG The Procter & Gamble Co. | Add +6.8% | 0.02% | +0.00 |
| QCOM Qualcomm Inc. | New | 0.00% | +0.00 |
| EIX Edison International | New | 0.00% | +0.00 |
| EXC Exelon Corp. | New | 0.00% | +0.00 |
| CTRA Coterra Energy Inc. | New | 0.00% | +0.00 |
| CDNS Cadence Design SYS Inc. | New | 0.00% | +0.00 |
Notes & Other Activity Q4 2024 → Q1 2025
| EBAY eBay Inc. | COM | Sold out | 0 | $0before exit |
| PGX Invesco Preferred ETF | PFD ETF | Sold out | 0 | $0before exit |
| EMB iShares JP Morgan Usd Emergi | JPMORGAN USD EMG | Sold out | 0 | $0before exit |
| USRT iShares Core US REIT ETF | CRE U S REIT ETF | Sold out | 0 | $0before exit |
| AOR iShares Core 60/40 Balanced | CORE 60 BALA ETF | Sold out | 0 | $0before exit |
| USHY iShares Broad Usd High Yield | BROAD USD HIGH | Sold out | 0 | $0before exit |
| CWB SS SPDR BB Conv Sec ETF | ST STR CONV ETF | Sold out | 0 | $0before exit |
| SPLB SS SPDR P Long Term C ETF | ST LONG BD ETF | Sold out | 0 | $0before exit |
| DIA SS SPDR Dow Jones Indus Avg | UT SER 1 | Sold out | 0 | $0before exit |
| SPTS SS SPDR P St Term TSY ETF | ST SHO TREAS ETF | Sold out | 0 | $0before exit |
| SCHC Schwab Intl Small-Cap Equity | INTL SCEQT ETF | Sold out | 0 | $0before exit |
| SHOP Shopify Inc. Class A | CL A SUB VTG SHS | Sold out | 0 | $0before exit |
| TFC Truist Financial Corp. | COM | Sold out | 0 | $0before exit |
| VHT Vanguard Health Care ETF | HEALTH CAR ETF | Sold out | 0 | $0before exit |
| VCSH Vanguard S/T Corp. Bond ETF | SHRT TRM CORP BD | Sold out | 0 | $0before exit |
| VGLT Vanguard Long-Term Treasury | LONG TERM TREAS | Sold out | 0 | $0before exit |
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 |