Horizon Financial Services, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Horizon Financial Services, LLC reported 319 stock positions worth $188.6 million. Its top holding was SS SPDR P S&P 500 Growth ETF (SPYG) at 10.2% of the portfolio, followed by SS SPDR P S&P 500 Value ETF (SPYV, 9.0%) and SS SPDR P St C Corp. ETF (SPSB, 7.8%). Compared with Q1 2025, it opened 33 new positions, sold out of 5, added to 120 and reduced 39. The biggest buy was SS SPDR P S&P 500 Growth ETF (SPYG, shares +1%) and the biggest sale SS SPDR P St C Corp. ETF (SPSB, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- WINSTON SALEM, NC
- CIK
- 0001674020
- Portfolio Value
- $188.6M (Q2 2025)
- SEC Filing
- 0001674020-25-000006 ↗ filed Aug 12, 2025
Holdings Value
Holdings 319 stocks · $188.6M
| SPYG SS SPDR P S&P 500 Growth ETF | 10.18% | 201,395 | $19.2M | Add +1.0% |
| SPYV SS SPDR P S&P 500 Value ETF | 9.04% | 325,567 | $17.0M | Add +2.7% |
| SPSB SS SPDR P St C Corp. ETF | 7.80% | 487,335 | $14.7M | Reduce -1.7% |
| SCHM Schwab US Mid Cap ETF | 7.02% | 472,086 | $13.2M | Add +9.5% |
| VGSH Vanguard Short-Term Treasury | 5.78% | 185,320 | $10.9M | Reduce -0.9% |
| SPDW Ste STR SPDR PT DW Eu ETF | 5.77% | 268,733 | $10.9M | Reduce -2.6% |
| SPHY SS SPDR P High Yield ETF | 4.56% | 360,976 | $8.6M | Reduce -0.6% |
| SRLN SS Blackstone Sr Loan ETF | 4.29% | 194,572 | $8.1M | Add +0.9% |
| XLK SS Technology Select Sector | 3.32% | 24,695 | $6.3M | Reduce -1.1% |
| SCHA Schwab US Small-Cap ETF | 3.26% | 242,681 | $6.1M | Reduce -3.7% |
| SPMB SS SPDR P Mort Back Bond ETF | 2.35% | 200,764 | $4.4M | Reduce -3.5% |
| VCLT Vanguard Long-Term Corp. Bond | 2.04% | 50,793 | $3.9M | Reduce -0.3% |
| ICVT iShares Convertible Bond ETF | 1.98% | 41,444 | $3.7M | Reduce -1.4% |
| SCHP Schwab U.S. Tips ETF | 1.83% | 129,105 | $3.4M | Reduce -0.4% |
| VSS Vanguard Ftse All Wo X-US SC | 1.75% | 24,490 | $3.3M | Reduce -3.5% |
| SPEM State Street SP PTF Em ETF | 1.71% | 75,647 | $3.2M | Reduce -1.6% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 1.63% | 115,450 | $3.1M | Reduce -1.2% |
| XLI SS Industrial Select Sector | 1.57% | 20,070 | $3.0M | Add +31.3% |
| VWOB Vanguard Emerg MKTS Gov BND | 1.51% | 43,671 | $2.9M | Reduce -1.3% |
| XLRE SS Real Estate Select Sector | 1.50% | 68,159 | $2.8M | Reduce -0.5% |
| GLDM SPDR Gold Minishares Trust | 1.49% | 42,854 | $2.8M | Reduce -11.6% |
| XLV SS Health Care Select Sector | 1.37% | 19,223 | $2.6M | Reduce -1.1% |
| FLRN SS SPDR BB Ig Float RT ETF | 1.23% | 75,452 | $2.3M | Reduce -1.1% |
| FPE FT-Preferred Secur & Inc. ETF | 1.20% | 127,468 | $2.3M | Reduce -1.3% |
| MLPX Global X MLP & Energy Infras | 1.10% | 33,204 | $2.1M | Reduce -1.2% |
| XLY SS Consumer Disc Select Sect | 1.02% | 8,813 | $1.9M | Reduce -4.4% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.87% | 64,448 | $1.6M | Add +3.1% |
| XLC SS Comm Select Sector SPDR | 0.87% | 15,105 | $1.6M | Reduce -30.2% |
| JPST JPMorgan Ultra-Short Income | 0.81% | 30,071 | $1.5M | Reduce -16.9% |
| VCIT Vanguard Int-Term Corporate | 0.81% | 18,336 | $1.5M | Add +1.9% |
| XLP SS Consumer Staples Sel Sect | 0.79% | 18,488 | $1.5M | Reduce -0.1% |
| XLF SS Financial Select Sector | 0.69% | 24,760 | $1.3M | Reduce -40.6% |
| XLB SS Materials Select Sector | 0.65% | 13,963 | $1.2M | Add +33.7% |
| SCHR Schwab Intermediate-Term US | 0.56% | 42,506 | $1.1M | Add +3.0% |
| DUK Duke Energy Corp. | 0.50% | 7,973 | $941K | No change |
| PGHY Invesco Global Ex US High Yi | 0.44% | 42,195 | $838K | Add +5.8% |
| HD Home Depot Inc. | 0.44% | 2,254 | $826K | Add +0.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.41% | 9,431 | $770K | Reduce -2.3% |
| XLE SS Energy Select Sector | 0.38% | 8,533 | $724K | Reduce -2.0% |
| AAPL Apple Inc. | 0.37% | 3,422 | $702K | Add +1.7% |
| VTIP Vanguard Short-Term Tips | 0.37% | 13,857 | $697K | Add +19.9% |
| LLY Eli Lilly & Co. | 0.37% | 891 | $695K | No change |
| NVDA Nvidia Corp. | 0.28% | 3,352 | $530K | Add +24.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.23% | 997 | $437K | No change |
| AMZN Amazon.com Inc. | 0.21% | 1,783 | $391K | Add +11.2% |
| BSJP Invesco Bulletshares 2025 HY | 0.20% | 16,665 | $384K | Reduce -0.8% |
| LOW Lowe's Cos Inc. | 0.19% | 1,656 | $367K | Add +1.5% |
| APH Amphenol Corp. Class A | 0.15% | 2,815 | $278K | No change |
| AON Aon PLC | 0.15% | 771 | $275K | No change |
| VGT Vanguard Info Tech ETF | 0.13% | 381 | $253K | Add +3.3% |
| T AT&T Inc. | 0.13% | 8,168 | $236K | No change |
| CMBS iShares CMBS ETF | 0.12% | 4,596 | $224K | Reduce -17.1% |
| BSJQ Invesco Bulletshares 2026 HY | 0.11% | 8,988 | $210K | Reduce -1.4% |
| MSFT Microsoft Corp. | 0.10% | 388 | $193K | Add +86.5% |
| GPC Genuine Parts Co. | 0.10% | 1,554 | $189K | No change |
| BAB Invesco Taxable Municipal Bo | 0.10% | 7,009 | $186K | Add +64.5% |
| UNH Unitedhealth Group Inc. | 0.09% | 514 | $160K | Add +0.8% |
| EMHY iShares J.P. Morgan Em High | 0.08% | 3,906 | $152K | Add +33.2% |
| AVGO Broadcom Pte Ltd. | 0.08% | 532 | $147K | No change |
| ACHR Archer Aviation Inc. Class A | 0.07% | 11,885 | $129K | No change |
| CMCSA Comcast Corp. Class A | 0.06% | 3,428 | $122K | No change |
| IAGG iShares Intl Aggregate Bond | 0.06% | 2,188 | $112K | Reduce -26.1% |
| V Visa Inc. Class A | 0.05% | 279 | $99K | Add +102.2% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.05% | 602 | $99K | Reduce -13.1% |
| POWERSHARES | 0.05% | 176 | $97K | Add +826.3% |
| DELL Dell Technologies -C | 0.05% | 700 | $86K | No change |
| ENB Enbridge Inc. | 0.05% | 1,882 | $85K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.04% | 134 | $83K | Add +570.0% |
| CRM Salesforce Inc. | 0.04% | 300 | $82K | No change |
| RY Royal Bank of Canada | 0.04% | 615 | $81K | No change |
| FDN First Trust DJ Internet Ind | 0.04% | 293 | $79K | New |
| QTEC First Trust Nasdq 100 Tech I | 0.04% | 368 | $78K | New |
| SCHG Schwab US Large-Cap Growth | 0.04% | 2,638 | $77K | No change |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.04% | 269 | $77K | Reduce -12.4% |
| AMAT Applied Materials Inc. | 0.04% | 405 | $74K | No change |
| STNC Hennessy Sustainable ETF | 0.04% | 2,248 | $69K | No change |
| BKLN Invesco Senior Loan ETF | 0.04% | 3,184 | $67K | Add +0.1% |
| SCHV Schwab US Large-Cap Value | 0.03% | 2,244 | $62K | No change |
| JPM JPMorgan Chase & Co. | 0.03% | 210 | $61K | Add +3.5% |
| GOOG Alphabet Inc. Class C | 0.03% | 292 | $52K | No change |
| ON ASSIGNMENT INC filed as ASGN | 0.03% | 1,032 | $52K | No change |
| SUB iShares Short-Term National | 0.03% | 479 | $51K | New |
| REET iShares Global REIT ETF | 0.03% | 2,016 | $50K | Add +1.4% |
| ABT Abbott Laboratories | 0.02% | 340 | $46K | No change |
| MUB iShares National Muni Bond E | 0.02% | 439 | $46K | New |
| GS Goldman Sachs Group Inc. | 0.02% | 64 | $45K | Add +4.9% |
| PNFP Pinnacle Financial Partners | 0.02% | 409 | $45K | Add +11.1% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.02% | 149 | $41K | Reduce -13.9% |
| 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% | 184 | $36K | Reduce -12.8% |
| INTC Intel Corp. | 0.02% | 1,600 | $36K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.02% | 74 | $36K | Add +7.3% |
| VMBS Vanguard Mortgage-Backed Sec | 0.02% | 761 | $35K | No change |
| BSJT Invesco Bulletshares 2029 HY | 0.02% | 1,622 | $35K | Reduce -9.0% |
| BSJS Invesco Bulletshares 2028 HY | 0.02% | 1,582 | $35K | Reduce -8.9% |
| BSJR Invesco Bulletshares 2027 HY | 0.02% | 1,535 | $35K | Reduce -8.7% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.02% | 791 | $34K | Add +0.1% |
| MARKET VECTORS ETF TR filed as SHYD | 0.02% | 1,503 | $34K | New |
| ADBE Adobe Inc. | 0.02% | 82 | $32K | Add +4000.0% |
| GOOGL Alphabet Inc. Class A | 0.02% | 173 | $30K | 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: $188.6M.
Portfolio Sells Q1 2025 → Q2 2025
| SPSB SS SPDR P St C Corp. ETF | Reduce -1.7% | 7.80% | −0.51 |
| XLF SS Financial Select Sector | Reduce -40.6% | 0.69% | −0.47 |
| VGSH Vanguard Short-Term Treasury | Reduce -0.9% | 5.78% | −0.34 |
| XLC SS Comm Select Sector SPDR | Reduce -30.2% | 0.87% | −0.29 |
| JPST JPMorgan Ultra-Short Income | Reduce -16.9% | 0.81% | −0.21 |
| XLV SS Health Care Select Sector | Reduce -1.1% | 1.37% | −0.21 |
| SPMB SS SPDR P Mort Back Bond ETF | Reduce -3.5% | 2.35% | −0.20 |
| SPHY SS SPDR P High Yield ETF | Reduce -0.6% | 4.56% | −0.19 |
| GLDM SPDR Gold Minishares Trust | Reduce -11.6% | 1.49% | −0.18 |
| DFAC Dimensional US Core Equity 2 | Sold out | 0.00% | −0.17 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -1.2% | 1.63% | −0.15 |
| SCHP Schwab U.S. Tips ETF | Reduce -0.4% | 1.83% | −0.12 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -0.3% | 2.04% | −0.11 |
| XLRE SS Real Estate Select Sector | Reduce -0.5% | 1.50% | −0.10 |
| MLPX Global X MLP & Energy Infras | Reduce -1.2% | 1.10% | −0.09 |
| FLRN SS SPDR BB Ig Float RT ETF | Reduce -1.1% | 1.23% | −0.08 |
| VWOB Vanguard Emerg MKTS Gov BND | Reduce -1.3% | 1.51% | −0.07 |
| XLE SS Energy Select Sector | Reduce -2.0% | 0.38% | −0.07 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -1.3% | 1.20% | −0.06 |
| XLP SS Consumer Staples Sel Sect | Reduce -0.1% | 0.79% | −0.05 |
| SCHA Schwab US Small-Cap ETF | Reduce -3.7% | 3.26% | −0.04 |
| CMBS iShares CMBS ETF | Reduce -17.1% | 0.12% | −0.03 |
| IAGG iShares Intl Aggregate Bond | Reduce -26.1% | 0.06% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -2.3% | 0.41% | −0.02 |
| BSJP Invesco Bulletshares 2025 HY | Reduce -0.8% | 0.20% | −0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -13.1% | 0.05% | −0.01 |
| BSJQ Invesco Bulletshares 2026 HY | Reduce -1.4% | 0.11% | −0.01 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.01 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.00 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.00 |
| SO The Southern Co. | Reduce -34.2% | 0.01% | −0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -12.8% | 0.02% | −0.00 |
| BSJR Invesco Bulletshares 2027 HY | Reduce -8.7% | 0.02% | −0.00 |
| BSJT Invesco Bulletshares 2029 HY | Reduce -9.0% | 0.02% | −0.00 |
| BSJS Invesco Bulletshares 2028 HY | Reduce -8.9% | 0.02% | −0.00 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -13.9% | 0.02% | −0.00 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.00 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -12.4% | 0.04% | −0.00 |
| XLY SS Consumer Disc Select Sect | Reduce -4.4% | 1.02% | +0.00 |
| ICVT iShares Convertible Bond ETF | Reduce -1.4% | 1.98% | +0.02 |
| SPEM State Street SP PTF Em ETF | Reduce -1.6% | 1.71% | +0.03 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -3.5% | 1.75% | +0.11 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -2.6% | 5.77% | +0.17 |
| XLK SS Technology Select Sector | Reduce -1.1% | 3.32% | +0.44 |
Portfolio Buys Q1 2025 → Q2 2025
| SPYG SS SPDR P S&P 500 Growth ETF | Add +1.0% | 10.18% | +1.24 |
| SCHM Schwab US Mid Cap ETF | Add +9.5% | 7.02% | +0.73 |
| XLI SS Industrial Select Sector | Add +31.3% | 1.57% | +0.45 |
| XLB SS Materials Select Sector | Add +33.7% | 0.65% | +0.15 |
| NVDA Nvidia Corp. | Add +24.1% | 0.28% | +0.12 |
| MSFT Microsoft Corp. | Add +86.5% | 0.10% | +0.06 |
| VTIP Vanguard Short-Term Tips | Add +19.9% | 0.37% | +0.05 |
| POWERSHARES | Add +826.3% | 0.05% | +0.05 |
| FDN First Trust DJ Internet Ind | New | 0.04% | +0.04 |
| QTEC First Trust Nasdq 100 Tech I | New | 0.04% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +570.0% | 0.04% | +0.04 |
| AMZN Amazon.com Inc. | Add +11.2% | 0.21% | +0.04 |
| BAB Invesco Taxable Municipal Bo | Add +64.5% | 0.10% | +0.04 |
| SUB iShares Short-Term National | New | 0.03% | +0.03 |
| V Visa Inc. Class A | Add +102.2% | 0.05% | +0.03 |
| MUB iShares National Muni Bond E | New | 0.02% | +0.02 |
| VGT Vanguard Info Tech ETF | Add +3.3% | 0.13% | +0.02 |
| EMHY iShares J.P. Morgan Em High | Add +33.2% | 0.08% | +0.02 |
| MARKET VECTORS ETF TR | New | 0.02% | +0.02 |
| ADBE Adobe Inc. | Add +4000.0% | 0.02% | +0.02 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +2.7% | 9.04% | +0.01 |
| MA Mastercard Inc. Class A | Add +2250.0% | 0.01% | +0.01 |
| PZA Invesco National Amt-Free Mu | New | 0.01% | +0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.01% | +0.01 |
| HYMB SS SPDR N Ice HY Muni ETF | New | 0.01% | +0.01 |
| TT Trane Technologies PLC | New | 0.01% | +0.01 |
| AMD Advanced Micro Devices | Add +43.9% | 0.01% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +4.9% | 0.02% | +0.01 |
| WCLD Wisdomtree Cloud Computing | New | 0.01% | +0.01 |
| UMBF Umb Financial Corp. | New | 0.01% | +0.01 |
| QTWO Q2 Holdings Inc. | New | 0.01% | +0.01 |
| SNOW Snowflake Inc. | New | 0.00% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +3.5% | 0.03% | +0.00 |
| MTPLF Metaplanet Inc. | New | 0.00% | +0.00 |
| PGHY Invesco Global Ex US High Yi | Add +5.8% | 0.44% | +0.00 |
| PLTR Palantir Technologies Inc. Class A | New | 0.00% | +0.00 |
| ALKT Alkami Technology Inc. | New | 0.00% | +0.00 |
| CHWY Chewy Inc. Class A | New | 0.00% | +0.00 |
| PNFP Pinnacle Financial Partners | Add +11.1% | 0.02% | +0.00 |
| MU Micron Technology Inc. | New | 0.00% | +0.00 |
| SHOP Shopify Inc. Class A | New | 0.00% | +0.00 |
| WMT Walmart Inc. | Add +3.7% | 0.02% | +0.00 |
| DOW Dow Inc. | New | 0.00% | +0.00 |
| XOM Exxon Mobil Corp. | Add +104.0% | 0.00% | +0.00 |
| BAC Bank of America Corp. | Add +122.9% | 0.00% | +0.00 |
| WFC Wells Fargo & Co. | Add +17.5% | 0.01% | +0.00 |
| CDNS Cadence Design SYS Inc. | Add +71.4% | 0.00% | +0.00 |
| FSLR First Solar Inc. | Add +125.0% | 0.00% | +0.00 |
| GE General Electric | Add +66.7% | 0.00% | +0.00 |
| NXPI NXP Semiconductors NV | Add +80.0% | 0.00% | +0.00 |
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 |