Horizon Financial Services, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Horizon Financial Services, LLC reported 355 stock positions worth $209.6 million. Its top holding was SS SPDR P S&P 500 Growth ETF (SPYG) at 10.3% of the portfolio, followed by SS SPDR P S&P 500 Value ETF (SPYV, 9.1%) and SS SPDR P St C Corp. ETF (SPSB, 7.4%). Compared with Q2 2025, it opened 76 new positions, sold out of 35, added to 175 and reduced 33. The biggest buy was Microsoft (MSFT, shares +477%) and the biggest sale Vanguard Short-Term Treasury (VGSH, shares −2%).

Most Recent 13F
Q2 2026
Location
WINSTON SALEM, NC
CIK
0001674020
Portfolio Value
$209.6M (Q3 2025)
SEC Filing
0001674020-25-000008 ↗ filed Nov 12, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $155.8M Q1 2024 Q2 2024: $158.2M Q2 2024 Q3 2024: $168.3M Q3 2024 Q4 2024: $177.8M Q4 2024 Q1 2025: $179.4M Q1 2025 Q2 2025: $188.6M Q2 2025 Q3 2025: $209.6M $209.6M Q3 2025 Q4 2025: $219.8M Q4 2025 Q1 2026: $226.2M Q1 2026 Q2 2026: $260.8M Q2 2026

Holdings 355 stocks · $209.6M

SPYG SS SPDR P S&P 500 Growth ETF 10.33% 207,251 $21.7M Add +2.9%
SPYV SS SPDR P S&P 500 Value ETF 9.12% 345,682 $19.1M Add +6.2%
SPSB SS SPDR P St C Corp. ETF 7.43% 514,153 $15.6M Add +5.5%
SCHM Schwab US Mid Cap ETF 7.10% 501,838 $14.9M Add +6.3%
SPDW Ste STR SPDR PT DW Eu ETF 5.65% 277,011 $11.9M Add +3.1%
VGSH Vanguard Short-Term Treasury 5.11% 181,881 $10.7M Reduce -1.9%
SPHY SS SPDR P High Yield ETF 4.17% 365,020 $8.7M Add +1.1%
SRLN SS Blackstone Sr Loan ETF 4.11% 207,141 $8.6M Add +6.5%
SCHA Schwab US Small-Cap ETF 3.45% 259,393 $7.2M Add +6.9%
XLK SS Technology Select Sector 3.45% 25,625 $7.2M Add +3.8%
SPMB SS SPDR P Mort Back Bond ETF 2.20% 205,354 $4.6M Add +2.3%
ICVT iShares Convertible Bond ETF 1.99% 41,739 $4.2M Add +0.7%
VCLT Vanguard Long-Term Corp. Bond 1.96% 52,924 $4.1M Add +4.2%
XLI SS Industrial Select Sector 1.91% 25,953 $4.0M Add +29.3%
SPEM State Street SP PTF Em ETF 1.75% 78,239 $3.7M Add +3.4%
VSS Vanguard Ftse All Wo X-US SC 1.68% 24,758 $3.5M Add +1.1%
SCHP Schwab U.S. Tips ETF 1.67% 129,934 $3.5M Add +0.6%
GLDM SPDR Gold Minishares Trust 1.55% 42,448 $3.2M Reduce -0.9%
SPTL SS SPDR PF LNG TRM TSY E-Usd 1.54% 119,682 $3.2M Add +3.7%
VWOB Vanguard Emerg MKTS Gov BND 1.45% 45,314 $3.0M Add +3.8%
XLRE SS Real Estate Select Sector 1.44% 71,445 $3.0M Add +4.8%
XLC SS Comm Select Sector SPDR 1.15% 20,434 $2.4M Add +35.3%
FPE FT-Preferred Secur & Inc. ETF 1.15% 132,143 $2.4M Add +3.7%
XLV SS Health Care Select Sector 1.13% 16,999 $2.4M Reduce -11.6%
FLRN SS SPDR BB Ig Float RT ETF 1.12% 76,302 $2.4M Add +1.1%
MLPX Global X MLP & Energy Infras 1.04% 34,742 $2.2M Add +4.6%
SJNK SS SPDR BB St Hi Yield ETF 0.86% 70,028 $1.8M Add +8.7%
JPST JPMorgan Ultra-Short Income 0.77% 31,968 $1.6M Add +6.3%
VCIT Vanguard Int-Term Corporate 0.77% 19,185 $1.6M Add +4.6%
XLP SS Consumer Staples Sel Sect 0.76% 20,392 $1.6M Add +10.3%
XLY SS Consumer Disc Select Sect 0.72% 6,279 $1.5M Reduce -28.8%
XLF SS Financial Select Sector 0.67% 26,018 $1.4M Add +5.1%
SCHR Schwab Intermediate-Term US 0.56% 47,021 $1.2M Add +10.6%
MSFT Microsoft Corp. 0.55% 2,238 $1.2M Add +476.8%
DUK Duke Energy Corp. 0.55% 9,260 $1.1M Add +16.1%
XLE SS Energy Select Sector 0.52% 12,087 $1.1M Add +41.6%
HD Home Depot Inc. 0.50% 2,581 $1.0M Add +14.5%
AAPL Apple Inc. 0.46% 3,793 $966K Add +10.8%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.42% 10,029 $875K Add +6.3%
XLB SS Materials Select Sector 0.40% 9,465 $848K Reduce -32.2%
LH Laboratory CRP of Amer Hldgs filed as LABCORP HLDGS INC 0.39% 2,820 $810K New
LLY Eli Lilly & Co. 0.34% 921 $703K Add +3.4%
NVDA Nvidia Corp. 0.33% 3,660 $683K Add +9.2%
PGHY Invesco Global Ex US High Yi 0.28% 29,367 $587K Reduce -30.4%
VUG Vanguard Mrngstar GR ETF-Sui 0.23% 997 $478K No change
VTIP Vanguard Short-Term Tips 0.22% 9,269 $469K Reduce -33.1%
CW Curtiss-Wright Corp. 0.21% 813 $441K New
AMZN Amazon.com Inc. 0.21% 1,978 $434K Add +10.9%
LOW Lowe's Cos Inc. 0.20% 1,656 $416K No change
BSJP Invesco Bulletshares 2025 HY 0.18% 16,402 $378K Reduce -1.6%
APH Amphenol Corp. Class A 0.17% 2,800 $347K Reduce -0.5%
T AT&T Inc. 0.14% 10,119 $286K Add +23.9%
VGT Vanguard Info Tech ETF 0.14% 381 $284K No change
AON Aon PLC 0.13% 771 $275K No change
AVGO Broadcom Pte Ltd. 0.12% 778 $257K Add +46.2%
COF Capital One Financial Corp. 0.12% 1,157 $246K Add +23040.0%
POWERSHARES 0.11% 379 $228K Add +115.3%
GPC Genuine Parts Co. 0.10% 1,554 $215K No change
BSJQ Invesco Bulletshares 2026 HY 0.10% 8,730 $204K Reduce -2.9%
UNH Unitedhealth Group Inc. 0.10% 579 $200K Add +12.7%
ENB Enbridge Inc. 0.09% 3,670 $185K Add +95.0%
EMHY iShares J.P. Morgan Em High 0.09% 4,650 $185K Add +19.1%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.08% 999 $174K Add +66.0%
GE General Electric filed as GE AEROSPACE 0.07% 502 $151K Add +3246.7%
NSC Norfolk Southern Corp. 0.07% 493 $148K New
CMBS iShares CMBS ETF 0.07% 2,992 $147K Reduce -34.9%
META Meta Platforms Inc. Class A 0.06% 185 $136K Add +1750.0%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.06% 447 $131K Add +66.2%
CVX Chevron Corp. 0.06% 772 $120K Add +3116.7%
ACHR Archer Aviation Inc. Class A 0.05% 11,885 $114K No change
SO The Southern Co. 0.05% 1,188 $113K Add +850.4%
BAB Invesco Taxable Municipal Bo 0.05% 4,089 $112K Reduce -41.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 388 $109K Add +385.0%
IAGG iShares Intl Aggregate Bond 0.05% 2,108 $108K Reduce -3.7%
CMCSA Comcast Corp. Class A 0.05% 3,428 $108K No change
GOOG Alphabet Inc. Class C 0.05% 440 $107K Add +50.7%
DELL Dell Technologies -C 0.05% 700 $99K No change
RY Royal Bank of Canada 0.04% 615 $91K No change
GOOGL Alphabet Inc. Class A 0.04% 355 $86K Add +105.2%
MMM 3M Co. 0.04% 554 $86K New
SCHG Schwab US Large-Cap Growth 0.04% 2,638 $84K No change
AMAT Applied Materials Inc. 0.04% 400 $82K Reduce -1.2%
V Visa Inc. Class A 0.04% 238 $81K Reduce -14.7%
INTC Intel Corp. 0.04% 2,341 $79K Add +46.3%
CRM Salesforce Inc. 0.04% 320 $76K Add +6.7%
JPM JPMorgan Chase & Co. 0.04% 234 $74K Add +11.4%
STNC Hennessy Sustainable ETF 0.04% 2,248 $73K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.03% 244 $73K Add +63.8%
GEV GE Vernova Inc. 0.03% 113 $69K New
BRK.B Berkshire Hathaway Inc. Class B 0.03% 138 $69K Add +86.5%
SCHV Schwab US Large-Cap Value 0.03% 2,244 $65K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.03% 303 $63K Add +64.7%
MA Mastercard Inc. Class A 0.03% 111 $63K Add +136.2%
BX Blackstone Inc. 0.03% 366 $63K Add +6000.0%
TSLA Tesla Inc. 0.03% 132 $59K Add +915.4%
GS Goldman Sachs Group Inc. 0.03% 72 $58K Add +12.5%
REET iShares Global REIT ETF 0.02% 2,045 $52K Add +1.4%
SUB iShares Short-Term National 0.02% 471 $50K Reduce -1.7%
ON ASSIGNMENT INC filed as ASGN 0.02% 1,032 $49K No change
MUB iShares National Muni Bond E 0.02% 439 $47K No change
ABT Abbott Laboratories 0.02% 346 $46K Add +1.8%
EFX Equifax Inc. 0.02% 172 $44K New
XYLD Global X S&P 500 Cove Call E 0.02% 1,000 $39K No change
HON Honeywell International Inc. 0.02% 186 $39K Add +1450.0%
PNFP Pinnacle Financial Partners 0.02% 409 $38K No change
BKLN Invesco Senior Loan ETF 0.02% 1,730 $36K Reduce -45.7%
NFLX Netflix Inc. 0.02% 29 $35K Add +480.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.02% 52 $35K Reduce -61.2%
MARKET VECTORS ETF TR filed as SHYD 0.02% 1,503 $34K No change
WMT Walmart Inc. 0.02% 333 $34K Add +7.4%
SHYG iShares 0-5 YR HY Corp. Bond 0.02% 792 $34K Add +0.1%
VRT Vertiv Holdings Co. Class A 0.02% 220 $33K New
PG The Procter & Gamble Co. 0.01% 196 $30K Add +4.8%
KO The Coca-Cola Co. 0.01% 438 $29K Add +346.9%
BSJT Invesco Bulletshares 2029 HY 0.01% 1,342 $29K Reduce -17.3%
BSJS Invesco Bulletshares 2028 HY 0.01% 1,311 $29K Reduce -17.1%
BSJR Invesco Bulletshares 2027 HY 0.01% 1,269 $29K Reduce -17.3%
WFC Wells Fargo & Co. 0.01% 343 $29K Add +156.0%
TFC Truist Financial Corp. 0.01% 627 $29K New
TSM Taiwan Semiconductor-SP ADR 0.01% 100 $28K No change
TT Trane Technologies PLC 0.01% 65 $27K Add +116.7%
VMI Valmont Industries 0.01% 65 $25K No change
SMH Vaneck Semiconductor ETF 0.01% 77 $25K No change
MTPLF Metaplanet Inc. 0.01% 6,385 $25K Add +832.1%
GEHC GE Healthcare Technology 0.01% 318 $24K Add +297.5%
PFG Principal Financial Group 0.01% 288 $24K New
SYK Stryker Corp. 0.01% 64 $24K Add +23.1%
BOTZ Global X Robotics & Artifici 0.01% 660 $23K No change
PM Philip Morris International 0.01% 144 $23K Add +1007.7%
FDN First Trust DJ Internet Ind 0.01% 81 $23K Reduce -72.3%
SNOW Snowflake Inc. 0.01% 100 $23K Add +150.0%
PONY Pony AI Inc. 0.01% 1,000 $22K New
CSCO Cisco Systems Inc. 0.01% 326 $22K Add +0.3%
PLTR Palantir Technologies Inc. Class A 0.01% 120 $22K Add +166.7%
PZA Invesco National Amt-Free Mu 0.01% 911 $21K No change
MRK Merck & Co. Inc. 0.01% 250 $21K No change
SCHW Schwab (charles) Corp. 0.01% 214 $20K No change
HPE Hewlett Packard Enterprise 0.01% 816 $20K Add +96.2%
RSP Invesco S&P 500 Equal Weight 0.01% 100 $19K New
SHOP Shopify Inc. Class A 0.01% 123 $18K Add +310.0%
SITM Sitime Corp. 0.01% 60 $18K New
BTBT Bit Digital Inc. 0.01% 6,000 $18K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.01% 165 $18K Add +400.0%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.01% 234 $18K Add +457.1%
XOM Exxon Mobil Corp. 0.01% 154 $17K Add +202.0%
HYMB SS SPDR N Ice HY Muni ETF 0.01% 687 $17K No change
VIG Vanguard Dividend Apprec ETF 0.01% 78 $17K No change
FSLR First Solar Inc. 0.01% 75 $17K Add +316.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.01% 53 $16K Add +341.7%
IWY iShares Russell Top 200 Grow 0.01% 60 $16K No change
MCO Moody's Corp. 0.01% 33 $16K Add +312.5%
POWA Invesco Bloomberg Pricing Po 0.01% 173 $16K No change
HCA HCA Healthcare Inc. 0.01% 36 $15K Add +350.0%
YORW York Water Co. filed as YORK WTR CO 0.01% 500 $15K No change
AMD Advanced Micro Devices 0.01% 94 $15K Reduce -42.7%
JNJ Johnson & Johnson 0.01% 82 $15K Add +203.7%
CCL Carnival Corp. 0.01% 514 $15K Add +44.8%
BSJU Invesco Bulletshares 2030 HY 0.01% 554 $14K New
NXPI NXP Semiconductors NV 0.01% 62 $14K Add +244.4%
MO Altria Group Inc. 0.01% 208 $14K New
DLR Digital Realty Trust Inc. 0.01% 78 $13K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 93 $13K Add +365.0%
ABBV Abbvie Inc. 0.01% 56 $13K Add +86.7%
ITW Illinois Tool Works 0.01% 49 $13K Add +390.0%
PAYX Paychex Inc. 0.01% 100 $13K Add +376.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 232 $12K Add +197.4%
F Ford Motor Co. filed as FORD MTR CO 0.01% 1,000 $12K No change
EIX Edison International 0.01% 210 $12K Add +223.1%
QTEC First Trust Nasdq 100 Tech I 0.01% 50 $11K Reduce -86.4%
D Dominion Energy Inc. 0.01% 187 $11K Add +201.6%
VMBS Vanguard Mortgage-Backed Sec 0.01% 243 $11K Reduce -68.1%
HPQ HP Inc. 0.01% 416 $11K No change
ORLY O'reilly Automotive Inc. 0.01% 105 $11K No change
UMBF Umb Financial Corp. 0.01% 95 $11K No change
EXC Exelon Corp. 0.01% 249 $11K Add +215.2%
MAS Masco Corp. 0.01% 157 $11K Add +503.9%
ODFL Old Dominion Freight Line 0.01% 76 $11K Add +850.0%
SBUX Starbucks Corp. 0.01% 125 $11K No change
PEP Pepsico Inc. 0.01% 75 $11K No change
CTRA Coterra Energy Inc. 0.01% 441 $10K Add +236.6%
CVS CVS Health Corp. 0.00% 131 $10K Reduce -64.7%
ACN Accenture PLC Class A 0.00% 40 $10K Reduce -4.8%
MDT Medtronic PLC 0.00% 100 $10K Add +203.0%
PSKY Paramount Skydance Class B 0.00% 497 $9K New
PFE Pfizer Inc. 0.00% 369 $9K Add +212.7%
TDY Teledyne Technologies Inc. 0.00% 16 $9K New
RIG Transocean Ltd. 0.00% 3,000 $9K No change
CBOE Cboe Global Markets Inc. 0.00% 38 $9K Add +192.3%
L Loews Corp. 0.00% 91 $9K Add +193.6%
DHR Danaher Corp. 0.00% 45 $9K No change
KEYS Keysight Technologies Inc. 0.00% 51 $9K Add +200.0%
RF Regions Financial Corp. 0.00% 338 $9K Add +177.1%
SOLV Solventum Corp. 0.00% 122 $9K New
CDNS Cadence Design SYS Inc. 0.00% 25 $9K Add +108.3%
TEL Te Connectivity Ltd. 0.00% 40 $9K No change
ZTS Zoetis Inc. 0.00% 60 $9K Add +150.0%
AVB Avalonbay Communities Inc. 0.00% 45 $9K Add +350.0%
WST West Pharmaceutical Services 0.00% 33 $9K Add +371.4%
QCOM Qualcomm Inc. 0.00% 52 $9K Add +126.1%
CI Cigna Holding Co. filed as THE CIGNA GROUP 0.00% 30 $9K Add +233.3%
EOG EOG Resources Inc. 0.00% 77 $9K Add +305.3%
NOC Northrop Grumman Corp. 0.00% 14 $9K Add +180.0%
UPS United Parcel Service Class B 0.00% 102 $9K Add +13.3%
LMT Lockheed Martin Corp. 0.00% 17 $8K Add +240.0%
EA Electronic Arts Inc. 0.00% 42 $8K Add +82.6%
CPT Camden Property Trust 0.00% 79 $8K Add +338.9%
MS Morgan Stanley 0.00% 53 $8K New
HIG Hartford Insurance Group Inc. 0.00% 61 $8K New
TECH Bio-Techne Corp. 0.00% 146 $8K Add +421.4%
UNP Union Pacific Corp. 0.00% 34 $8K Add +240.0%
VZ Verizon Communications Inc. 0.00% 182 $8K New
AXP American Express Co. 0.00% 24 $8K New
VOO Vanguard S&P 500 ETF 0.00% 13 $8K No change
BRO Brown & Brown Inc. 0.00% 83 $8K Add +591.7%
TMO Thermo Fisher Scientific Inc. 0.00% 16 $8K Add +300.0%
APO Apollo Global Management Inc. 0.00% 58 $8K New
PEG Public Service Enterprise GP 0.00% 92 $8K New
BR Broadridge Financial Solutio 0.00% 32 $8K Add +220.0%
RJF Raymond James Financial Inc. 0.00% 44 $8K Add +340.0%
KLAC KLA Corp. 0.00% 7 $8K Add +600.0%
CTSH Cognizant Tech Solutions-A 0.00% 112 $8K Add +229.4%
BDX Becton Dickinson and Co. 0.00% 40 $7K Add +471.4%
PYPL PayPal Holdings Inc. 0.00% 110 $7K Add +400.0%
ERIE Erie Indemnity Company Class A 0.00% 23 $7K New
DECK Deckers Outdoor Corp. 0.00% 72 $7K Add +200.0%
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC 0.00% 100 $7K No change
XYZ Block Inc. 0.00% 100 $7K Reduce -66.7%
CARR Carrier Global Corp. 0.00% 121 $7K Add +163.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.00% 63 $7K Add +200.0%
EFIV SS SPDR S&P 500 ESG ETF 0.00% 113 $7K No change
PTC PTC Inc. 0.00% 35 $7K Add +150.0%
ORCL Oracle Corp. 0.00% 25 $7K Add +2400.0%
QRVO Qorvo Inc. 0.00% 76 $7K No change
OMC Omnicom Group 0.00% 84 $7K Add +223.1%
SPGI S&P Global Inc. 0.00% 14 $7K New
DOC Healthpeak Properties Inc. 0.00% 353 $7K Add +239.4%
MDLZ Mondelez International Inc. Class A 0.00% 108 $7K Add +107.7%
ICSH iShares Ultra Short Duration 0.00% 129 $7K No change
BWA Borgwarner Inc. 0.00% 147 $6K Add +149.2%
SYY Sysco Corp. 0.00% 78 $6K Add +200.0%
GIS General Mills Inc. 0.00% 126 $6K Add +281.8%
CHTR Charter Communications Inc. Class A 0.00% 23 $6K Add +283.3%
SHY iShares 1-3 Year Treasury Bo 0.00% 75 $6K No change
ALLE Allegion PLC 0.00% 35 $6K Add +600.0%
UDR Udr Inc. 0.00% 166 $6K Add +232.0%
GPN Global Payments Inc. 0.00% 74 $6K Add +428.6%
PANW Palo Alto Networks Inc. 0.00% 30 $6K Add +500.0%
YUM Yum! Brands Inc. 0.00% 40 $6K New
WDAY Workday Inc. Class A 0.00% 25 $6K New
FDS Factset Research Systems Inc. 0.00% 21 $6K New
ANET Arista Networks Inc. 0.00% 41 $6K New
DHI D.R. Horton Inc. 0.00% 35 $6K Add +169.2%
TRMB Trimble Inc. 0.00% 71 $6K New
EXPE Expedia Group Inc. 0.00% 27 $6K New
KMB Kimberly-Clark Corp. 0.00% 46 $6K Add +228.6%
ADSK Autodesk Inc. 0.00% 18 $6K Add +500.0%
LIN Linde PLC 0.00% 12 $6K Add +140.0%
HRL Hormel Foods Corp. 0.00% 229 $6K Add +122.3%
ROST Ross Stores Inc. 0.00% 37 $6K Add +208.3%
LVS Las Vegas Sands Corp. 0.00% 103 $6K New
VMC Vulcan Materials Co. 0.00% 18 $6K Add +200.0%
CHD Church & Dwight Co. Inc. 0.00% 63 $6K Add +250.0%
HWM Howmet Aerospace Inc. 0.00% 28 $5K New
CZR Caesars Holdings Inc. filed as CZR 0.00% 203 $5K Add +250.0%
MCD McDonald's Corp. 0.00% 18 $5K Add +125.0%
MAR Marriott International Class A 0.00% 21 $5K Add +950.0%
CMG Chipotle Mexican Grill Inc. 0.00% 139 $5K Add +39.0%
COP Conocophillips 0.00% 57 $5K Reduce -6.6%
GEN Gen Digital Inc. 0.00% 189 $5K New
NRG NRG Energy Inc. 0.00% 33 $5K New
GDDY GoDaddy Inc. Class A 0.00% 39 $5K New
SMCI Super Micro Computer Inc. 0.00% 110 $5K No change
CAT Caterpillar Inc. 0.00% 11 $5K Add +1000.0%
ETN Eaton Corp. PLC 0.00% 14 $5K New
TYL Tyler Technologies Inc. 0.00% 10 $5K New
PAYC Paycom Software Inc. 0.00% 25 $5K New
ECL Ecolab Inc. 0.00% 19 $5K Add +137.5%
FISV Fiserv Inc. 0.00% 40 $5K Add +48.1%
VRTX Vertex Pharmaceuticals Inc. 0.00% 13 $5K Add +550.0%
CTVA Corteva Inc. 0.00% 75 $5K Add +177.8%
PPL PPL Corp. 0.00% 136 $5K New
ZBRA Zebra Technologies Corp. Class A 0.00% 17 $5K New
DE Deere & Co. 0.00% 11 $5K Add +1000.0%
MSI Motorola Solutions Inc. 0.00% 11 $5K New
MU Micron Technology Inc. 0.00% 30 $5K No change
VLTO Veralto Corp. 0.00% 47 $5K New
EMR Emerson Electric Co. 0.00% 38 $5K New
ALKT Alkami Technology Inc. 0.00% 200 $5K No change
FCX Freeport-McMoran Inc. 0.00% 126 $5K Add +93.8%
SW Smurfit Westrock PLC 0.00% 116 $5K Add +213.5%
ISRG Intuitive Surgical Inc. 0.00% 11 $5K Add +1000.0%
CPAY Corpay Inc. 0.00% 17 $5K Add +750.0%
AME Ametek Inc. 0.00% 26 $5K New
LKQ LKQ Corp. 0.00% 160 $5K Add +272.1%
BSX Boston Scientific Corp. 0.00% 50 $5K New
RSG Republic Services Inc. 0.00% 21 $5K Add +950.0%
URI United Rentals Inc. 0.00% 5 $5K New
AOA iShares Core 80/20 Aggressiv 0.00% 54 $5K No change
CYDY Cytodyn Inc. 0.00% 18,200 $5K No change
DAL Delta Air Lines Inc. 0.00% 83 $5K New
SHW The Sherwin-Williams Co. 0.00% 13 $5K New
WAB Wabtec Corp. 0.00% 21 $4K New
CHWY Chewy Inc. Class A 0.00% 100 $4K No change
WMB Williams Cos Inc. 0.00% 59 $4K New
EH Ehang Holdings Ltd.-SPS ADR 0.00% 200 $4K New
OKE Oneok Inc. 0.00% 45 $3K Add +1025.0%
ROL Rollins Inc. 0.00% 50 $3K No change
BKOR Oak Ridge Financial Services filed as BKOR 0.00% 100 $3K New
SCZ iShares MSCI Eafe Small-Cap 0.00% 33 $3K New
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.00% 23 $2K New
WELL Welltower Inc. 0.00% 13 $2K New
DGRW Wisdomtree U.S. Quality Divi 0.00% 26 $2K No change
VTI VG Morningstar TS MKT ETF-US 0.00% 7 $2K New
SPG Simon Property Group Inc. 0.00% 12 $2K New
VWO Vanguard Ftse Emerging Marke 0.00% 41 $2K New
MAA Mid-America Apartment Comm 0.00% 15 $2K New
FNB FNB Corp. 0.00% 129 $2K No change
PROP Prairie Operating Co. 0.00% 1,000 $2K New
VRP Invesco Variable Rate Prefer 0.00% 72 $2K Reduce -91.7%
KD Kyndryl Holdings Inc. 0.00% 49 $1K New
MPC Marathon Petroleum Corp. 0.00% 7 $1K New
RTX RTX Corp. 0.00% 7 $1K New
BLK BlackRock Finance Inc. 0.00% 1 $1K No change
REZI Resideo Technologies Inc. 0.00% 25 $1K New
GLOBAL X MLP ETF 0.00% 22 $1K Reduce -81.0%
COO Cooper Cos Inc. 0.00% 15 $1K Reduce -37.5%
AKAM Akamai Technologies Inc. 0.00% 13 $985 No change
WBD Warner Bros Discovery Inc. 0.00% 50 $977 No change
IQV Iqvia Holdings Inc. 0.00% 5 $950 Reduce -44.4%
TXN Texas Instruments Inc. 0.00% 5 $919 New
AMGN Amgen Inc. 0.00% 3 $847 No change
ZBH Zimmer Biomet Holdings Inc. 0.00% 8 $788 No change
GLW Corning Inc. 0.00% 9 $746 Add +12.5%
O Realty Income Corp. 0.00% 11 $669 New
WM Waste Management Inc. 0.00% 3 $662 No change
NEE Nextera Energy Inc. 0.00% 8 $604 New
AMT American Tower Corp. 0.00% 3 $577 Add +50.0%
LUV Southwest Airlines Co. 0.00% 14 $447 New
MGA Magna International Inc. 0.00% 9 $426 New
MMTZF Mindmaze Therapeutics Holdin filed as RELIEF THERAPEUTIC ORDF 0.00% 77 $326 No change
SNFI Stark Novus Financial Inc. filed as LORDSTOWN MOTORS CORP 0.00% 133 $306 No change
NTR Nutrien Ltd. 0.00% 4 $235 New
BHF Brighthouse Financial Inc. 0.00% 4 $212 New
GTX Garrett Motion Inc. 0.00% 15 $204 New
ASIX Advansix Inc. 0.00% 6 $116 New
YELLQ Yellow Corp. 0.00% 1,000 $60 No change
CENN Cenntro Inc. 0.00% 100 $58 No change
DJT Trump Media & Technology Gro 0.00% 1 $16 No change
WKHS Workhorse Group Inc. filed as WKHS 0.00% 4 $4 No change
ONL Orion Properties Inc. 0.00% 1 $3 New
EVBC Evolution Blockchain Group I filed as EVBC 0.00% 500 $0 No change
FTPM 420 Property Management Inc. filed as FTPM 0.00% 5 $0 No change
IEXA 0.00% 10 $0 No change
45669R701 0.00% 1 $0 No change
ARVLF Arrival SA 0.00% 15 $0 No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $9K (not counted above)
SecurityClassShares / PrincipalValueChange
FIRST EAGLE ALTERNATIVE (FCRD 5 05/25/26) Stock 375$9KNo change

Total filed on the 13F, all lines: $209.6M.

Portfolio Sells Q2 2025 → Q3 2025

VGSH Vanguard Short-Term Treasury Reduce -1.9% 5.11% −0.67
XLY SS Consumer Disc Select Sect Reduce -28.8% 0.72% −0.30
XLB SS Materials Select Sector Reduce -32.2% 0.40% −0.25
XLV SS Health Care Select Sector Reduce -11.6% 1.13% −0.25
PGHY Invesco Global Ex US High Yi Reduce -30.4% 0.28% −0.16
VTIP Vanguard Short-Term Tips Reduce -33.1% 0.22% −0.15
CMBS iShares CMBS ETF Reduce -34.9% 0.07% −0.05
BAB Invesco Taxable Municipal Bo Reduce -41.7% 0.05% −0.05
QTEC First Trust Nasdq 100 Tech I Reduce -86.4% 0.01% −0.04
FDN First Trust DJ Internet Ind Reduce -72.3% 0.01% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -61.2% 0.02% −0.03
BSJP Invesco Bulletshares 2025 HY Reduce -1.6% 0.18% −0.02
BKLN Invesco Senior Loan ETF Reduce -45.7% 0.02% −0.02
ADBE Adobe Inc. Sold out 0.00% −0.02
V Visa Inc. Class A Reduce -14.7% 0.04% −0.01
BSJQ Invesco Bulletshares 2026 HY Reduce -2.9% 0.10% −0.01
VMBS Vanguard Mortgage-Backed Sec Reduce -68.1% 0.01% −0.01
VRP Invesco Variable Rate Prefer Reduce -91.7% 0.00% −0.01
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.01
CVS CVS Health Corp. Reduce -64.7% 0.00% −0.01
IAGG iShares Intl Aggregate Bond Reduce -3.7% 0.05% −0.01
XYZ Block Inc. Reduce -66.7% 0.00% −0.01
WCLD Wisdomtree Cloud Computing Sold out 0.00% −0.01
AMD Advanced Micro Devices Reduce -42.7% 0.01% −0.01
BSJT Invesco Bulletshares 2029 HY Reduce -17.3% 0.01% −0.00
BSJS Invesco Bulletshares 2028 HY Reduce -17.1% 0.01% −0.00
BSJR Invesco Bulletshares 2027 HY Reduce -17.3% 0.01% −0.00
SUB iShares Short-Term National Reduce -1.7% 0.02% −0.00
GLOBAL X MLP ETF Reduce -81.0% 0.00% −0.00
ACN Accenture PLC Class A Reduce -4.8% 0.00% −0.00
JNPR Juniper Networks Inc. Sold out 0.00% −0.00
DOW Dow Inc. Sold out 0.00% −0.00
PARAA Paramount Global Class B Sold out 0.00% −0.00
THC Tenet Healthcare Corp. Sold out 0.00% −0.00
STX Seagate Technology Ulc Sold out 0.00% −0.00
JBL Jabil Inc. Sold out 0.00% −0.00
CME Cme Group Inc. Sold out 0.00% −0.00
DXCM Dexcom Inc. Sold out 0.00% −0.00
CDW Corp. Sold out 0.00% −0.00
DRI Darden Restaurants Inc. Sold out 0.00% −0.00
NTAP Netapp Inc. Sold out 0.00% −0.00
RCL Royal Caribbean Cruises Ltd. Sold out 0.00% −0.00
ABNB Airbnb Inc. Class A Sold out 0.00% −0.00
COO Cooper Cos Inc. Reduce -37.5% 0.00% −0.00
HLT Hilton Worldwide Holdings Inc. Sold out 0.00% −0.00
MPWR Monolithic Power Systems Inc. Sold out 0.00% −0.00
TSCO Tractor Supply Company Sold out 0.00% −0.00
GRMN Garmin Ltd. Sold out 0.00% −0.00
COP Conocophillips Reduce -6.6% 0.00% −0.00
BA Sold out 0.00% −0.00

Portfolio Buys Q2 2025 → Q3 2025

MSFT Microsoft Corp. Add +476.8% 0.55% +0.45
LH Laboratory CRP of Amer Hldgs New 0.39% +0.39
XLI SS Industrial Select Sector Add +29.3% 1.91% +0.34
XLC SS Comm Select Sector SPDR Add +35.3% 1.15% +0.28
CW Curtiss-Wright Corp. New 0.21% +0.21
SCHA Schwab US Small-Cap ETF Add +6.9% 3.45% +0.20
SPYG SS SPDR P S&P 500 Growth ETF Add +2.9% 10.33% +0.15
XLE SS Energy Select Sector Add +41.6% 0.52% +0.13
XLK SS Technology Select Sector Add +3.8% 3.45% +0.13
COF Capital One Financial Corp. Add +23040.0% 0.12% +0.12
SPYV SS SPDR P S&P 500 Value ETF Add +6.2% 9.12% +0.09
AAPL Apple Inc. Add +10.8% 0.46% +0.09
SCHM Schwab US Mid Cap ETF Add +6.3% 7.10% +0.07
NSC Norfolk Southern Corp. New 0.07% +0.07
GE General Electric Add +3246.7% 0.07% +0.07
META Meta Platforms Inc. Class A Add +1750.0% 0.06% +0.06
HD Home Depot Inc. Add +14.5% 0.50% +0.06
POWERSHARES Add +115.3% 0.11% +0.06
CVX Chevron Corp. Add +3116.7% 0.06% +0.06
DUK Duke Energy Corp. Add +16.1% 0.55% +0.05
SO The Southern Co. Add +850.4% 0.05% +0.05
NVDA Nvidia Corp. Add +9.2% 0.33% +0.04
AVGO Broadcom Pte Ltd. Add +46.2% 0.12% +0.04
ENB Enbridge Inc. Add +95.0% 0.09% +0.04
MMM 3M Co. New 0.04% +0.04
IBM Intl Business Machines Corp. Add +385.0% 0.05% +0.04
GEV GE Vernova Inc. New 0.03% +0.03
SPEM State Street SP PTF Em ETF Add +3.4% 1.75% +0.03
VOE Vngrd Mrngstr MD-Cap Val ETF Add +66.0% 0.08% +0.03
BX Blackstone Inc. Add +6000.0% 0.03% +0.03
TSLA Tesla Inc. Add +915.4% 0.03% +0.03
GOOGL Alphabet Inc. Class A Add +105.2% 0.04% +0.03
GOOG Alphabet Inc. Class C Add +50.7% 0.05% +0.02
VOT Vngrd Mrngstr MC GRW ETF-Usd Add +66.2% 0.06% +0.02
EFX Equifax Inc. New 0.02% +0.02
INTC Intel Corp. Add +46.3% 0.04% +0.02
HON Honeywell International Inc. Add +1450.0% 0.02% +0.02
MA Mastercard Inc. Class A Add +136.2% 0.03% +0.02
VRT Vertiv Holdings Co. Class A New 0.02% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +86.5% 0.03% +0.01
TFC Truist Financial Corp. New 0.01% +0.01
NFLX Netflix Inc. Add +480.0% 0.02% +0.01
VBK Van Morst SML-Cap Gro-Usd Inc. Add +63.8% 0.03% +0.01
ICVT iShares Convertible Bond ETF Add +0.7% 1.99% +0.01
PFG Principal Financial Group New 0.01% +0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Add +64.7% 0.03% +0.01
T AT&T Inc. Add +23.9% 0.14% +0.01
PONY Pony AI Inc. New 0.01% +0.01
UNH Unitedhealth Group Inc. Add +12.7% 0.10% +0.01
KO The Coca-Cola Co. Add +346.9% 0.01% +0.01

Notes & Other Activity Q2 2025 → Q3 2025

CWCO Consolidated Water Co.-Ord SH ORD Reduce -100.0% 0 $0
FAST Fastenal Co. COM Reduce -100.0% 0 $0
NVO Novo-Nordisk A/S-Spons ADR ADR Reduce -100.0% 0 $0
INGERSOLL-RAND PLC COM Reduce -100.0% 0 $0
POOL Pool Corp. COM Reduce -100.0% 0 $0
AGX Argan Inc. COM New 0 $0
EAT Brinker International Inc. COM New 0 $0
BN Brookfield Corp. CL A LTD VT SH New 0 $0
CAPSTAR SPL PURP ACQUISITION COM CL A New 0 $0
STZ Constellation Brands Inc. Class A CL A New 0 $0
COST Costco Wholesale Corp. COM New 0 $0
DXPE DXP Enterprises Inc. COM NEW New 0 $0
DFAC Dimensional US Core Equity 2 US COR EQU 2 ETF New 0 $0
EBAY eBay Inc. COM New 0 $0
EPD Enterprise Products Partners COM New 0 $0
HTGC Hercules Capital Inc. COM New 0 $0
IIPR Innovative Industrial Proper COM New 0 $0
INTA Intapp Inc. COM New 0 $0
PGX Invesco Preferred ETF PFD ETF New 0 $0
EMB iShares JP Morgan Usd Emergi JPMORGAN USD EMG New 0 $0
USRT iShares Core US REIT ETF CRE U S REIT ETF New 0 $0
AOR iShares Core 60/40 Balanced CORE 60 BALA ETF New 0 $0
USHY iShares Broad Usd High Yield BROAD USD HIGH New 0 $0
KGS Kodiak Gas Services Inc. COM New 0 $0
MRVL Marvell Technology Inc. COM New 0 $0
MELI MercadoLibre Inc. COM New 0 $0
MVIS Stock New 0 $0
OPFI Oppfi Inc. COM CL A New 0 $0
CWB SS SPDR BB Conv Sec ETF ST STR CONV ETF New 0 $0
SPLB SS SPDR P Long Term C ETF ST LONG BD ETF New 0 $0
SPTS SS SPDR P St Term TSY ETF ST SHO TREAS ETF New 0 $0
SCHC Schwab Intl Small-Cap Equity INTL SCEQT ETF New 0 $0
LRN Stride Inc. COM New 0 $0
URBN Urban Outfitters Inc. COM New 0 $0
VHT Vanguard Health Care ETF HEALTH CAR ETF New 0 $0
VCSH Vanguard S/T Corp. Bond ETF SHRT TRM CORP BD New 0 $0
VGLT Vanguard Long-Term Treasury LONG TERM TREAS New 0 $0
CRDO Credo Technology Group Holdi ORDINARY SHARES New 0 $0
VFS Vinfast Auto Ltd. SHS New 0 $0

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 605$260.8MSPYG, SPYV, SPSB, SCHM, SPDW
Q1 2026 381$226.2MSPSB, SPYG, SPYV, SPDW, SCHM
Q4 2025 365$219.8MSPYG, SPYV, SPSB, SCHM, SPDW
Q3 2025 355$209.6MSPYG, SPYV, SPSB, SCHM, SPDW
Q2 2025 319$188.6MSPYG, SPYV, SPSB, SCHM, VGSH
Q1 2025Amended 291$179.4MSPYV, SPYG, SPSB, SCHM, VGSH
Q4 2024 254$177.8MVGSH, SPYG, SPYV, SPDW, SCHM
Q3 2024 269$168.3MSPYG, VGSH, SPYV, SPDW, SCHM
Q2 2024Amended 265$158.2MSPYG, VGSH, SPYV, SPDW, SPHY
Q1 2024 260$155.8MVGSH, SPYG, SPYV, SPDW, SPHY