Horizon Financial Services, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), Horizon Financial Services, LLC reported 365 stock positions worth $219.8 million. Its top holding was SS SPDR P S&P 500 Growth ETF (SPYG) at 10.1% 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, 7.6%). Compared with Q3 2025, it opened 30 new positions, sold out of 22, added to 112 and reduced 79. The biggest buy was SS Financial Select Sector (XLF, shares +140%) and the biggest sale SS Industrial Select Sector (XLI, shares −13%).

Most Recent 13F
Q2 2026
Location
WINSTON SALEM, NC
CIK
0001674020
Portfolio Value
$219.8M (Q4 2025)
SEC Filing
0001674020-26-000001 ↗ filed Jan 12, 2026

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 Q3 2025 Q4 2025: $219.8M $219.8M Q4 2025 Q1 2026: $226.2M Q1 2026 Q2 2026: $260.8M Q2 2026

Holdings 365 stocks · $219.8M
SPYG SS SPDR P S&P 500 Growth ETF 10.07% 207,357 $22.1M Add +0.1%
SPYV SS SPDR P S&P 500 Value ETF 9.14% 353,399 $20.1M Add +2.2%
SPSB SS SPDR P St C Corp. ETF 7.56% 549,960 $16.6M Add +7.0%
SCHM Schwab US Mid Cap ETF 6.82% 498,477 $15.0M Reduce -0.7%
SPDW Ste STR SPDR PT DW Eu ETF 5.56% 274,991 $12.2M Reduce -0.7%
VGSH Vanguard Short-Term Treasury 4.92% 183,941 $10.8M Add +1.1%
SPHY SS SPDR P High Yield ETF 4.20% 389,582 $9.2M Add +6.7%
SRLN SS Blackstone Sr Loan ETF 4.15% 221,016 $9.1M Add +6.7%
XLK SS Technology Select Sector 3.82% 58,318 $8.4M Add +13.8%
SCHA Schwab US Small-Cap ETF 3.41% 262,982 $7.5M Add +1.4%
SPMB SS SPDR P Mort Back Bond ETF 2.17% 213,188 $4.8M Add +3.8%
VCLT Vanguard Long-Term Corp. Bond 1.93% 56,005 $4.2M Add +5.8%
ICVT iShares Convertible Bond ETF 1.87% 41,750 $4.1M Add +0.0%
SPEM State Street SP PTF Em ETF 1.67% 78,552 $3.7M Add +0.4%
SCHP Schwab U.S. Tips ETF 1.62% 134,740 $3.6M Add +3.7%
VSS Vanguard Ftse All Wo X-US SC 1.60% 24,483 $3.5M Reduce -1.1%
XLI SS Industrial Select Sector 1.60% 22,617 $3.5M Reduce -12.8%
XLF SS Financial Select Sector 1.55% 62,313 $3.4M Add +139.5%
SPTL SS SPDR PF LNG TRM TSY E-Usd 1.46% 121,363 $3.2M Add +1.4%
VWOB Vanguard Emerg MKTS Gov BND 1.44% 46,957 $3.2M Add +3.6%
GLDM SPDR Gold Minishares Trust 1.42% 36,625 $3.1M Reduce -13.7%
XLRE SS Real Estate Select Sector 1.39% 75,747 $3.1M Add +6.0%
XLV SS Health Care Select Sector 1.32% 18,692 $2.9M Add +10.0%
XLC SS Comm Select Sector SPDR 1.25% 23,303 $2.7M Add +14.0%
FLRN SS SPDR BB Ig Float RT ETF 1.22% 87,341 $2.7M Add +14.5%
FPE FT-Preferred Secur & Inc. ETF 1.13% 136,533 $2.5M Add +3.3%
XLY SS Consumer Disc Select Sect 1.02% 18,845 $2.3M Add +50.1%
SJNK SS SPDR BB St Hi Yield ETF 1.02% 88,469 $2.2M Add +26.3%
MLPX Global X MLP & Energy Infras 0.97% 35,131 $2.1M Add +1.1%
VCIT Vanguard Int-Term Corporate 0.80% 21,082 $1.8M Add +9.9%
JPST JPMorgan Ultra-Short Income 0.68% 29,527 $1.5M Reduce -7.6%
XLP SS Consumer Staples Sel Sect 0.62% 17,403 $1.4M Reduce -14.7%
SCHR Schwab Intermediate-Term US 0.58% 50,629 $1.3M Add +7.7%
AAPL Apple Inc. 0.51% 4,097 $1.1M Add +8.0%
MSFT Microsoft Corp. 0.48% 2,194 $1.1M Reduce -2.0%
XLE SS Energy Select Sector 0.47% 23,156 $1.0M Reduce -4.2%
DUK Duke Energy Corp. 0.46% 8,690 $1.0M Reduce -6.2%
LLY Eli Lilly & Co. 0.45% 929 $998K Add +0.9%
XLB SS Materials Select Sector 0.45% 21,669 $983K Add +14.5%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.43% 21,967 $938K Add +9.5%
HD Home Depot Inc. 0.40% 2,542 $875K Reduce -1.5%
NVDA Nvidia Corp. 0.34% 3,999 $746K Add +9.3%
LH Laboratory CRP of Amer Hldgs filed as LABCORP HLDGS INC 0.32% 2,820 $707K No change
PGHY Invesco Global Ex US High Yi 0.28% 31,219 $621K Add +6.3%
POWERSHARES 0.27% 974 $598K Add +157.0%
AMZN Amazon.com Inc. 0.23% 2,211 $510K Add +11.8%
VTIP Vanguard Short-Term Tips 0.22% 9,840 $487K Add +6.2%
VUG Vanguard Mrngstar GR ETF-Sui 0.22% 975 $476K Reduce -2.2%
CW Curtiss-Wright Corp. 0.20% 813 $448K No change
LOW Lowe's Cos Inc. 0.17% 1,593 $384K Reduce -3.8%
APH Amphenol Corp. Class A 0.17% 2,800 $378K No change
COF Capital One Financial Corp. 0.13% 1,178 $286K Add +1.8%
AVGO Broadcom Pte Ltd. filed as AVGO 0.13% 815 $282K Add +4.8%
VGT Vanguard Info Tech ETF 0.13% 374 $282K Reduce -1.8%
AON Aon PLC 0.12% 771 $272K No change
BSJQ Invesco Bulletshares 2026 HY 0.12% 11,425 $267K Add +30.9%
T AT&T Inc. 0.12% 10,244 $254K Add +1.2%
EMHY iShares J.P. Morgan Em High 0.11% 5,922 $239K Add +27.4%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.09% 1,167 $207K Add +16.8%
UNH Unitedhealth Group Inc. 0.09% 579 $191K No change
GPC Genuine Parts Co. 0.09% 1,554 $191K No change
CMBS iShares CMBS ETF 0.07% 3,283 $161K Add +9.7%
GE General Electric filed as GE AEROSPACE 0.07% 508 $156K Add +1.2%
GOOG Alphabet Inc. Class C 0.07% 491 $154K Add +11.6%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.07% 521 $145K Add +16.6%
NSC Norfolk Southern Corp. 0.07% 495 $143K Add +0.4%
META Meta Platforms Inc. Class A 0.06% 209 $138K Add +13.0%
IJH iShares Core S&P Midcap ETF 0.06% 1,917 $127K New
BAB Invesco Taxable Municipal Bo 0.05% 4,361 $119K Add +6.7%
IAGG iShares Intl Aggregate Bond 0.05% 2,363 $118K Add +12.1%
CVX Chevron Corp. 0.05% 772 $118K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 395 $117K Add +1.8%
BSJR Invesco Bulletshares 2027 HY 0.05% 4,880 $110K Add +284.6%
RY Royal Bank of Canada 0.05% 615 $105K No change
SO The Southern Co. 0.05% 1,188 $104K No change
AMAT Applied Materials Inc. 0.05% 400 $103K No change
CMCSA Comcast Corp. Class A 0.05% 3,428 $102K No change
ENB Enbridge Inc. 0.04% 1,953 $93K Reduce -46.8%
DELL Dell Technologies -C 0.04% 713 $90K Add +1.9%
ACHR Archer Aviation Inc. Class A 0.04% 11,885 $89K No change
MMM 3M Co. 0.04% 554 $89K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.04% 288 $87K Add +18.0%
GOOGL Alphabet Inc. Class A 0.04% 277 $87K Reduce -22.0%
INTC Intel Corp. 0.04% 2,341 $86K No change
V Visa Inc. Class A 0.04% 236 $83K Reduce -0.8%
CRM Salesforce Inc. 0.04% 309 $82K Reduce -3.4%
SCHG Schwab US Large-Cap Growth 0.03% 2,332 $76K Reduce -11.6%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.03% 359 $76K Add +18.5%
TSLA Tesla Inc. 0.03% 168 $76K Add +27.3%
JPM JPMorgan Chase & Co. 0.03% 234 $76K No change
STNC Hennessy Sustainable ETF 0.03% 2,248 $74K No change
GEV GE Vernova Inc. 0.03% 113 $74K No change
BRK.B Berkshire Hathaway Inc. Class B 0.03% 143 $72K Add +3.6%
SCHV Schwab US Large-Cap Value 0.03% 2,244 $66K No change
MA Mastercard Inc. Class A 0.03% 105 $60K Reduce -5.4%
REET iShares Global REIT ETF 0.03% 2,331 $58K Add +14.0%
BX Blackstone Inc. 0.03% 366 $56K No change
SUB iShares Short-Term National 0.02% 471 $50K No change
MUB iShares National Muni Bond E 0.02% 439 $47K No change
WMT Walmart Inc. 0.02% 390 $43K Add +17.1%
XYLD Global X S&P 500 Cove Call E 0.02% 1,000 $41K No change
PNFP Pinnacle Financial Partners 0.02% 409 $39K No change
EFX Equifax Inc. 0.02% 172 $37K No change
HON Honeywell International Inc. 0.02% 186 $36K No change
VRT Vertiv Holdings Co. Class A 0.02% 220 $36K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.02% 52 $35K No change
MARKET VECTORS ETF TR filed as SHYD 0.02% 1,503 $34K No change
BKLN Invesco Senior Loan ETF 0.01% 1,574 $33K Reduce -9.0%
WFC Wells Fargo & Co. 0.01% 343 $32K No change
TFC Truist Financial Corp. 0.01% 634 $31K Add +1.1%
SHYG iShares 0-5 YR HY Corp. Bond 0.01% 717 $31K Reduce -9.5%
KO The Coca-Cola Co. 0.01% 438 $31K No change
TSM Taiwan Semiconductor-SP ADR 0.01% 100 $30K No change
XOM Exxon Mobil Corp. 0.01% 251 $30K Add +63.0%
PM Philip Morris International 0.01% 182 $29K Add +26.4%
BSJT Invesco Bulletshares 2029 HY 0.01% 1,342 $29K No change
BSJS Invesco Bulletshares 2028 HY 0.01% 1,311 $29K No change
ABT Abbott Laboratories 0.01% 225 $28K Reduce -35.0%
SMH Vaneck Semiconductor ETF 0.01% 77 $28K No change
SCHD Schwab US DVD Equity ETF 0.01% 989 $27K New
TT Trane Technologies PLC 0.01% 69 $27K Add +6.2%
MRK Merck & Co. Inc. 0.01% 250 $26K No change
GEHC GE Healthcare Technology 0.01% 318 $26K No change
PFE Pfizer Inc. 0.01% 1,014 $25K Add +174.8%
CSCO Cisco Systems Inc. 0.01% 326 $25K No change
GS Goldman Sachs Group Inc. 0.01% 27 $24K Reduce -62.5%
BOTZ Global X Robotics & Artifici 0.01% 660 $24K No change
IWF iShares Russell 1000 Growth 0.01% 48 $23K New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.01% 190 $22K Add +15.2%
SNOW Snowflake Inc. 0.01% 100 $22K No change
FDN First Trust DJ Internet Ind 0.01% 81 $22K No change
FSLR First Solar Inc. 0.01% 83 $22K Add +10.7%
SCHW Schwab (charles) Corp. 0.01% 214 $21K No change
PLTR Palantir Technologies Inc. Class A 0.01% 120 $21K No change
SITM Sitime Corp. 0.01% 60 $21K No change
PZA Invesco National Amt-Free Mu 0.01% 911 $21K No change
AMD Advanced Micro Devices 0.01% 94 $20K No change
SHOP Shopify Inc. Class A 0.01% 123 $20K No change
NFLX Netflix Inc. 0.01% 210 $20K Reduce -27.6%
HPE Hewlett Packard Enterprise 0.01% 816 $20K No change
MCO Moody's Corp. 0.01% 38 $19K Add +15.2%
ABBV Abbvie Inc. 0.01% 85 $19K Add +51.8%
RSP Invesco S&P 500 Equal Weight 0.01% 100 $19K No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.01% 268 $19K Add +14.5%
HCA HCA Healthcare Inc. 0.01% 40 $19K Add +11.1%
VIG Vanguard Dividend Apprec ETF 0.01% 78 $17K No change
HYMB SS SPDR N Ice HY Muni ETF 0.01% 687 $17K No change
IWY iShares Russell Top 200 Grow 0.01% 60 $17K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 107 $16K Add +15.1%
VZ Verizon Communications Inc. 0.01% 400 $16K Add +119.8%
MTPLF Metaplanet Inc. 0.01% 6,385 $16K No change
JNJ Johnson & Johnson 0.01% 77 $16K Reduce -6.1%
YORW York Water Co. filed as YORK WTR CO 0.01% 500 $16K No change
POWA Invesco Bloomberg Pricing Po 0.01% 173 $16K No change
NXPI NXP Semiconductors NV 0.01% 70 $15K Add +12.9%
PONY Pony AI Inc. 0.01% 1,000 $15K No change
PFG Principal Financial Group 0.01% 158 $14K Reduce -45.1%
ODFL Old Dominion Freight Line 0.01% 88 $14K Add +15.8%
ITW Illinois Tool Works 0.01% 56 $14K Add +14.3%
PG The Procter & Gamble Co. 0.01% 94 $13K Reduce -52.0%
F Ford Motor Co. filed as FORD MTR CO 0.01% 1,000 $13K No change
CCL Carnival Corp. 0.01% 425 $13K Reduce -17.3%
EIX Edison International 0.01% 210 $13K No change
MS Morgan Stanley 0.01% 70 $12K Add +32.1%
RIG Transocean Ltd. 0.01% 3,000 $12K No change
UBER Uber Technologies Inc. 0.01% 150 $12K New
COP Conocophillips 0.01% 129 $12K Add +126.3%
DLR Digital Realty Trust Inc. 0.01% 78 $12K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 219 $12K Reduce -5.6%
MO Altria Group Inc. 0.01% 208 $12K No change
AXP American Express Co. 0.01% 32 $12K Add +33.3%
CTRA Coterra Energy Inc. 0.01% 441 $12K No change
QTEC First Trust Nasdq 100 Tech I 0.01% 50 $12K No change
APO Apollo Global Management Inc. 0.01% 79 $11K Add +36.2%
BTBT Bit Digital Inc. 0.01% 6,000 $11K No change
ALLE Allegion PLC 0.01% 71 $11K Add +102.9%
DE Deere & Co. 0.01% 24 $11K Add +118.2%
HIG Hartford Insurance Group Inc. 0.01% 81 $11K Add +32.8%
D Dominion Energy Inc. 0.01% 187 $11K No change
KLAC KLA Corp. 0.01% 9 $11K Add +28.6%
UMBF Umb Financial Corp. 0.01% 95 $11K No change
EXC Exelon Corp. 0.00% 249 $11K No change
VMBS Vanguard Mortgage-Backed Sec 0.00% 223 $10K Reduce -8.2%
CVS CVS Health Corp. 0.00% 131 $10K No change
KEYS Keysight Technologies Inc. 0.00% 51 $10K No change
EXPE Expedia Group Inc. 0.00% 36 $10K Add +33.3%
PEG Public Service Enterprise GP 0.00% 123 $10K Add +33.7%
SOLV Solventum Corp. 0.00% 122 $10K No change
MDT Medtronic PLC 0.00% 100 $10K No change
L Loews Corp. 0.00% 91 $10K No change
ORLY O'reilly Automotive Inc. 0.00% 105 $10K No change
CBOE Cboe Global Markets Inc. 0.00% 38 $10K No change
CPT Camden Property Trust 0.00% 86 $9K Add +8.9%
CTSH Cognizant Tech Solutions-A 0.00% 112 $9K No change
TMO Thermo Fisher Scientific Inc. 0.00% 16 $9K No change
HPQ HP Inc. 0.00% 416 $9K No change
RF Regions Financial Corp. 0.00% 338 $9K No change
LVS Las Vegas Sands Corp. 0.00% 140 $9K Add +35.9%
TEL Te Connectivity Ltd. 0.00% 40 $9K No change
WST West Pharmaceutical Services 0.00% 33 $9K No change
QCOM Qualcomm Inc. 0.00% 52 $9K No change
AVB Avalonbay Communities Inc. 0.00% 49 $9K Add +8.9%
MAR Marriott International Class A 0.00% 28 $9K Add +33.3%
TECH Bio-Techne Corp. 0.00% 146 $9K No change
EA Electronic Arts Inc. 0.00% 42 $9K No change
MU Micron Technology Inc. 0.00% 30 $9K No change
ISRG Intuitive Surgical Inc. 0.00% 15 $8K Add +36.4%
LMT Lockheed Martin Corp. 0.00% 17 $8K No change
VOO Vanguard S&P 500 ETF 0.00% 13 $8K No change
CAT Caterpillar Inc. 0.00% 14 $8K Add +27.3%
YUM Yum! Brands Inc. 0.00% 53 $8K Add +32.5%
NOC Northrop Grumman Corp. 0.00% 14 $8K No change
UNP Union Pacific Corp. 0.00% 34 $8K No change
CDNS Cadence Design SYS Inc. 0.00% 25 $8K No change
DAL Delta Air Lines Inc. 0.00% 112 $8K Add +34.9%
BDX Becton Dickinson and Co. 0.00% 40 $8K No change
VRTX Vertex Pharmaceuticals Inc. 0.00% 17 $8K Add +30.8%
AAL American Airlines Group Inc. 0.00% 500 $8K New
HWM Howmet Aerospace Inc. 0.00% 37 $8K Add +32.1%
EFIV SS SPDR S&P 500 ESG ETF 0.00% 113 $7K No change
TRMB Trimble Inc. 0.00% 94 $7K Add +32.4%
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC 0.00% 100 $7K No change
AME Ametek Inc. 0.00% 35 $7K Add +34.6%
PANW Palo Alto Networks Inc. 0.00% 39 $7K Add +30.0%
ADSK Autodesk Inc. 0.00% 24 $7K Add +33.3%
RJF Raymond James Financial Inc. 0.00% 44 $7K No change
NRG NRG Energy Inc. 0.00% 43 $7K Add +30.3%
OMC Omnicom Group 0.00% 84 $7K No change
EMR Emerson Electric Co. 0.00% 51 $7K Add +34.2%
SYK Stryker Corp. 0.00% 19 $7K Reduce -70.3%
ROST Ross Stores Inc. 0.00% 37 $7K No change
PSKY Paramount Skydance Class B 0.00% 497 $7K No change
BWA Borgwarner Inc. 0.00% 147 $7K No change
ICSH iShares Ultra Short Duration 0.00% 129 $7K No change
MSI Motorola Solutions Inc. 0.00% 17 $7K Add +54.5%
XYZ Block Inc. 0.00% 100 $7K No change
QRVO Qorvo Inc. 0.00% 76 $6K No change
FCX Freeport-McMoran Inc. 0.00% 126 $6K No change
PPL PPL Corp. 0.00% 180 $6K Add +32.4%
VLTO Veralto Corp. 0.00% 63 $6K Add +34.0%
SHY iShares 1-3 Year Treasury Bo 0.00% 75 $6K No change
UDR Udr Inc. 0.00% 166 $6K No change
SHW The Sherwin-Williams Co. 0.00% 18 $6K Add +38.5%
MKC McCormick & Co.-Non VTG SHRS 0.00% 85 $6K New
ETN Eaton Corp. PLC 0.00% 18 $6K Add +28.6%
DOC Healthpeak Properties Inc. 0.00% 353 $6K No change
HUM Humana Inc. 0.00% 22 $6K New
MCD McDonald's Corp. 0.00% 18 $6K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.00% 21 $5K Reduce -60.4%
AKAM Akamai Technologies Inc. 0.00% 62 $5K Add +376.9%
BMY Bristol-Myers Squibb Co. 0.00% 100 $5K New
VMC Vulcan Materials Co. 0.00% 18 $5K No change
VNQ Vanguard Real Estate ETF 0.00% 58 $5K New
CYDY Cytodyn Inc. 0.00% 18,200 $5K No change
DHI D.R. Horton Inc. 0.00% 35 $5K No change
ECL Ecolab Inc. 0.00% 19 $5K No change
AOA iShares Core 80/20 Aggressiv 0.00% 54 $5K No change
CZR Caesars Holdings Inc. filed as CZR 0.00% 203 $5K No change
FIS Fidelity National Info Serv 0.00% 71 $5K New
WMB Williams Cos Inc. 0.00% 77 $5K Add +30.5%
ALKT Alkami Technology Inc. 0.00% 200 $5K No change
OKE Oneok Inc. 0.00% 61 $4K Add +35.6%
WAB Wabtec Corp. 0.00% 21 $4K No change
AFL Aflac Inc. 0.00% 40 $4K New
PAYX Paychex Inc. 0.00% 39 $4K Reduce -61.0%
SPGI S&P Global Inc. 0.00% 8 $4K Reduce -42.9%
ADP Automatic Data Processing 0.00% 16 $4K New
J Jacobs Solutions Inc. 0.00% 31 $4K New
NWSA News Corp. Class A 0.00% 148 $4K New
SPYM Ste STR SPDR PT S&P 500 ETF 0.00% 48 $4K New
FDS Factset Research Systems Inc. 0.00% 13 $4K Reduce -38.1%
TSN Tyson Foods Inc. Class A 0.00% 63 $4K New
CL Colgate-Palmolive Co. 0.00% 45 $4K New
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.00% 36 $4K New
HSY The Hershey Co. 0.00% 19 $3K New
CHWY Chewy Inc. Class A 0.00% 100 $3K No change
BRO Brown & Brown Inc. 0.00% 41 $3K Reduce -50.6%
MAS Masco Corp. 0.00% 51 $3K Reduce -67.5%
SMCI Super Micro Computer Inc. 0.00% 110 $3K No change
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 0.00% 42 $3K New
WELL Welltower Inc. 0.00% 17 $3K Add +30.8%
ERIE Erie Indemnity Company Class A 0.00% 11 $3K Reduce -52.2%
DD Dupont DE Nemours Inc. 0.00% 78 $3K New
TDY Teledyne Technologies Inc. 0.00% 6 $3K Reduce -62.5%
ROL Rollins Inc. 0.00% 50 $3K No change
BKOR Oak Ridge Financial Services filed as BKOR 0.00% 100 $3K No change
SPG Simon Property Group Inc. 0.00% 16 $3K Add +33.3%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.00% 38 $3K New
DECK Deckers Outdoor Corp. 0.00% 27 $3K Reduce -62.5%
MAA Mid-America Apartment Comm 0.00% 20 $3K Add +33.3%
GEN Gen Digital Inc. 0.00% 99 $3K Reduce -47.6%
PKG Packaging Corp. of America 0.00% 13 $3K New
EH Ehang Holdings Ltd.-SPS ADR 0.00% 200 $3K No change
CMG Chipotle Mexican Grill Inc. 0.00% 70 $3K Reduce -49.6%
WDAY Workday Inc. Class A 0.00% 12 $3K Reduce -52.0%
BSX Boston Scientific Corp. 0.00% 27 $3K Reduce -46.0%
GDDY GoDaddy Inc. Class A 0.00% 20 $2K Reduce -48.7%
CI Cigna Holding Co. filed as THE CIGNA GROUP 0.00% 9 $2K Reduce -70.0%
URI United Rentals Inc. 0.00% 3 $2K Reduce -40.0%
CPAY Corpay Inc. 0.00% 8 $2K Reduce -52.9%
ZTS Zoetis Inc. 0.00% 19 $2K Reduce -68.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.00% 21 $2K Reduce -66.7%
VTI VG Morningstar TS MKT ETF-US 0.00% 7 $2K No change
ANET Arista Networks Inc. 0.00% 18 $2K Reduce -56.1%
NVO Novo-Nordisk A/S-Spons ADR 0.00% 45 $2K Add +0.0%
TYL Tyler Technologies Inc. 0.00% 5 $2K Reduce -50.0%
BR Broadridge Financial Solutio 0.00% 10 $2K Reduce -68.8%
FNB FNB Corp. 0.00% 129 $2K No change
SOLS Solstice Adv Materials Inc. 0.00% 45 $2K Reduce -3.2%
ORCL Oracle Corp. 0.00% 11 $2K Reduce -56.0%
RSG Republic Services Inc. 0.00% 10 $2K Reduce -52.4%
PAYC Paycom Software Inc. 0.00% 13 $2K Reduce -48.0%
CARR Carrier Global Corp. 0.00% 38 $2K Reduce -68.6%
ZBRA Zebra Technologies Corp. Class A 0.00% 8 $2K Reduce -52.9%
SYY Sysco Corp. 0.00% 26 $2K Reduce -66.7%
CTVA Corteva Inc. 0.00% 27 $2K Reduce -64.0%
INKT Mink Therapeutics Inc. filed as INKT 0.00% 160 $2K New
VRP Invesco Variable Rate Prefer 0.00% 72 $2K No change
LIN Linde PLC 0.00% 4 $2K Reduce -66.7%
PROP Prairie Operating Co. 0.00% 1,000 $2K No change
EOG EOG Resources Inc. 0.00% 16 $2K Reduce -79.2%
MDLZ Mondelez International Inc. Class A 0.00% 31 $2K Reduce -71.3%
PTC PTC Inc. 0.00% 9 $2K Reduce -74.3%
GIS General Mills Inc. 0.00% 33 $2K Reduce -73.8%
CHD Church & Dwight Co. Inc. 0.00% 18 $2K Reduce -71.4%
HRL Hormel Foods Corp. 0.00% 63 $1K Reduce -72.5%
WBD Warner Bros Discovery Inc. 0.00% 50 $1K No change
SW Smurfit Westrock PLC 0.00% 37 $1K Reduce -68.1%
KMB Kimberly-Clark Corp. 0.00% 14 $1K Reduce -69.6%
FISV Fiserv Inc. 0.00% 21 $1K Reduce -47.5%
KD Kyndryl Holdings Inc. 0.00% 49 $1K No change
LKQ LKQ Corp. 0.00% 43 $1K Reduce -73.1%
PYPL PayPal Holdings Inc. 0.00% 22 $1K Reduce -80.0%
RTX RTX Corp. 0.00% 7 $1K No change
CHTR Charter Communications Inc. Class A 0.00% 6 $1K Reduce -73.9%
COO Cooper Cos Inc. 0.00% 15 $1K No change
DHR Danaher Corp. 0.00% 5 $1K Reduce -88.9%
IQV Iqvia Holdings Inc. 0.00% 5 $1K No change
GPN Global Payments Inc. 0.00% 14 $1K Reduce -81.1%
BLK BlackRock Finance Inc. 0.00% 1 $1K No change
GLOBAL X MLP ETF filed as MLPA 0.00% 22 $1K No change
AMGN Amgen Inc. 0.00% 3 $982 No change
BETA Beta Technologies Inc. Class A 0.00% 33 $931 New
REZI Resideo Technologies Inc. 0.00% 25 $878 No change
VTRS Viatris Inc. 0.00% 68 $847 New
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.00% 10 $830 Reduce -56.5%
MPC Marathon Petroleum Corp. 0.00% 5 $813 Reduce -28.6%
GLW Corning Inc. 0.00% 9 $796 No change
ZBH Zimmer Biomet Holdings Inc. 0.00% 8 $719 No change
WM Waste Management Inc. 0.00% 3 $659 No change
GTX Garrett Motion Inc. 0.00% 15 $261 No change
SNFI Stark Novus Financial Inc. filed as LORDSTOWN MOTORS CORP 0.00% 133 $193 No change
MMTZF Mindmaze Therapeutics Holdin filed as RLFTF 0.00% 77 $184 No change
KVUE Kenvue Inc. 0.00% 10 $173 New
ASIX Advansix Inc. 0.00% 6 $104 No change
AGEN Agenus Inc. 0.00% 9 $28 New
YELLQ Yellow Corp. 0.00% 1,000 $20 No change
CENN Cenntro Inc. 0.00% 100 $14 No change
WKHS Workhorse Group Inc. filed as WKHS 0.00% 1 $5 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
T2 BIOSYSTEMS INC filed as TTOO 0.00% 9 $0 New
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: $219.8M.

Portfolio Sells Q3 2025 → Q4 2025
XLI SS Industrial Select Sector Reduce -12.8% 1.60% −0.31
SCHM Schwab US Mid Cap ETF Reduce -0.7% 6.82% −0.28
BSJP Invesco Bulletshares 2025 HY Sold out 0.00% −0.18
XLP SS Consumer Staples Sel Sect Reduce -14.7% 0.62% −0.15
GLDM SPDR Gold Minishares Trust Reduce -13.7% 1.42% −0.13
HD Home Depot Inc. Reduce -1.5% 0.40% −0.10
SPDW Ste STR SPDR PT DW Eu ETF Reduce -0.7% 5.56% −0.10
JPST JPMorgan Ultra-Short Income Reduce -7.6% 0.68% −0.09
VSS Vanguard Ftse All Wo X-US SC Reduce -1.1% 1.60% −0.09
DUK Duke Energy Corp. Reduce -6.2% 0.46% −0.08
MSFT Microsoft Corp. Reduce -2.0% 0.48% −0.07
ENB Enbridge Inc. Reduce -46.8% 0.04% −0.05
XLE SS Energy Select Sector Reduce -4.2% 0.47% −0.04
LOW Lowe's Cos Inc. Reduce -3.8% 0.17% −0.02
ON ASSIGNMENT INC Sold out 0.00% −0.02
GS Goldman Sachs Group Inc. Reduce -62.5% 0.01% −0.02
VMI Valmont Industries Sold out 0.00% −0.01
VUG Vanguard Mrngstar GR ETF-Sui Reduce -2.2% 0.22% −0.01
ABT Abbott Laboratories Reduce -35.0% 0.01% −0.01
PG The Procter & Gamble Co. Reduce -52.0% 0.01% −0.01
SYK Stryker Corp. Reduce -70.3% 0.00% −0.01
NFLX Netflix Inc. Reduce -27.6% 0.01% −0.01
VGT Vanguard Info Tech ETF Reduce -1.8% 0.13% −0.01
BSJU Invesco Bulletshares 2030 HY Sold out 0.00% −0.01
SCHG Schwab US Large-Cap Growth Reduce -11.6% 0.03% −0.01
AJG Arthur J Gallagher & Co. Reduce -60.4% 0.00% −0.01
PEP Pepsico Inc. Sold out 0.00% −0.01
PFG Principal Financial Group Reduce -45.1% 0.01% −0.01
SBUX Starbucks Corp. Sold out 0.00% −0.01
ACN Accenture PLC Class A Sold out 0.00% −0.00
PAYX Paychex Inc. Reduce -61.0% 0.00% −0.00
UPS United Parcel Service Class B Sold out 0.00% −0.00
MAS Masco Corp. Reduce -67.5% 0.00% −0.00
DHR Danaher Corp. Reduce -88.9% 0.00% −0.00
EOG EOG Resources Inc. Reduce -79.2% 0.00% −0.00
TDY Teledyne Technologies Inc. Reduce -62.5% 0.00% −0.00
ZTS Zoetis Inc. Reduce -68.3% 0.00% −0.00
CI Cigna Holding Co. Reduce -70.0% 0.00% −0.00
PYPL PayPal Holdings Inc. Reduce -80.0% 0.00% −0.00
MA Mastercard Inc. Class A Reduce -5.4% 0.03% −0.00
PTC PTC Inc. Reduce -74.3% 0.00% −0.00
BR Broadridge Financial Solutio Reduce -68.8% 0.00% −0.00
CARR Carrier Global Corp. Reduce -68.6% 0.00% −0.00
MDLZ Mondelez International Inc. Class A Reduce -71.3% 0.00% −0.00
CHTR Charter Communications Inc. Class A Reduce -73.9% 0.00% −0.00
DIS The Walt Disney Co. Reduce -66.7% 0.00% −0.00
GPN Global Payments Inc. Reduce -81.1% 0.00% −0.00
SHYG iShares 0-5 YR HY Corp. Bond Reduce -9.5% 0.01% −0.00
ORCL Oracle Corp. Reduce -56.0% 0.00% −0.00
GIS General Mills Inc. Reduce -73.8% 0.00% −0.00

Portfolio Buys Q3 2025 → Q4 2025
XLF SS Financial Select Sector Add +139.5% 1.55% +0.88
XLK SS Technology Select Sector Add +13.8% 3.82% +0.37
XLY SS Consumer Disc Select Sect Add +50.1% 1.02% +0.31
XLV SS Health Care Select Sector Add +10.0% 1.32% +0.19
SJNK SS SPDR BB St Hi Yield ETF Add +26.3% 1.02% +0.16
POWERSHARES Add +157.0% 0.27% +0.16
SPSB SS SPDR P St C Corp. ETF Add +7.0% 7.56% +0.13
LLY Eli Lilly & Co. Add +0.9% 0.45% +0.12
FLRN SS SPDR BB Ig Float RT ETF Add +14.5% 1.22% +0.10
XLC SS Comm Select Sector SPDR Add +14.0% 1.25% +0.09
IJH iShares Core S&P Midcap ETF New 0.06% +0.06
AAPL Apple Inc. Add +8.0% 0.51% +0.05
XLB SS Materials Select Sector Add +14.5% 0.45% +0.04
SRLN SS Blackstone Sr Loan ETF Add +6.7% 4.15% +0.04
BSJR Invesco Bulletshares 2027 HY Add +284.6% 0.05% +0.04
VCIT Vanguard Int-Term Corporate Add +9.9% 0.80% +0.03
SPHY SS SPDR P High Yield ETF Add +6.7% 4.20% +0.03
AMZN Amazon.com Inc. Add +11.8% 0.23% +0.03
BSJQ Invesco Bulletshares 2026 HY Add +30.9% 0.12% +0.02
EMHY iShares J.P. Morgan Em High Add +27.4% 0.11% +0.02
GOOG Alphabet Inc. Class C Add +11.6% 0.07% +0.02
SCHR Schwab Intermediate-Term US Add +7.7% 0.58% +0.01
NVDA Nvidia Corp. Add +9.3% 0.34% +0.01
COF Capital One Financial Corp. Add +1.8% 0.13% +0.01
SCHD Schwab US DVD Equity ETF New 0.01% +0.01
SPYV SS SPDR P S&P 500 Value ETF Add +2.2% 9.14% +0.01
VOE Vngrd Mrngstr MD-Cap Val ETF Add +16.8% 0.09% +0.01
IWF iShares Russell 1000 Growth New 0.01% +0.01
XLU St Sr Utl SL SE SPDR ETF-Usd Add +9.5% 0.43% +0.01
PFE Pfizer Inc. Add +174.8% 0.01% +0.01
TSLA Tesla Inc. Add +27.3% 0.03% +0.01
AVGO Broadcom Pte Ltd. Add +4.8% 0.13% +0.01
UBER Uber Technologies Inc. New 0.01% +0.01
XOM Exxon Mobil Corp. Add +63.0% 0.01% +0.01
VBK Van Morst SML-Cap Gro-Usd Inc. Add +18.0% 0.04% +0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Add +18.5% 0.03% +0.00
VZ Verizon Communications Inc. Add +119.8% 0.01% +0.00
AAL American Airlines Group Inc. New 0.00% +0.00
VOT Vngrd Mrngstr MC GRW ETF-Usd Add +16.6% 0.07% +0.00
WMT Walmart Inc. Add +17.1% 0.02% +0.00
CMBS iShares CMBS ETF Add +9.7% 0.07% +0.00
COP Conocophillips Add +126.3% 0.01% +0.00
ABBV Abbvie Inc. Add +51.8% 0.01% +0.00
DE Deere & Co. Add +118.2% 0.01% +0.00
PGHY Invesco Global Ex US High Yi Add +6.3% 0.28% +0.00
HUM Humana Inc. New 0.00% +0.00
MKC McCormick & Co.-Non VTG SHRS New 0.00% +0.00
BMY Bristol-Myers Squibb Co. New 0.00% +0.00
IAGG iShares Intl Aggregate Bond Add +12.1% 0.05% +0.00
VNQ Vanguard Real Estate ETF New 0.00% +0.00

Notes & Other Activity Q3 2025 → Q4 2025
C Citigroup Inc. COM NEW New 0 $0
FAST Fastenal Co. COM Sold out 0 $0before exit
GIL Gildan Activewear Inc. COM New 0 $0
LNC Lincoln National Corp. COM New 0 $0
POOL Pool Corp. COM Sold out 0 $0before exit
INGERSOLL-RAND PLC COM Sold out 0 $0before exit

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