Horizon Investments, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Horizon Investments, LLC reported 805 stock positions worth $3.8 billion. Its top holding was SS SPDR P S&P 500 Growth ETF (SPYG) at 14.3% of the portfolio, followed by iShares MSCI USA Quality Fac (QUAL, 9.3%) and SS SPDR P S&P 500 Value ETF (SPYV, 7.7%). Compared with Q4 2023, it opened 65 new positions, sold out of 64, added to 471 and reduced 239. The biggest buy was SS SPDR P S&P 500 Growth ETF (SPYG, shares +10%) and the biggest sale State Street SP PTF Em ETF (SPEM, shares −56%).

Most Recent 13F
Q2 2026
Location
Charlotte, NC
CIK
0001560717
Portfolio Value
$3.8B (Q1 2024)
SEC Filing
0001560717-24-000003 ↗ filed May 15, 2024

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $3.8B $3.8B Q1 2024 Q2 2024: $3.6B Q2 2024 Q3 2024: $3.8B Q3 2024 Q4 2024: $3.5B Q4 2024 Q1 2025: $3.4B Q1 2025 Q2 2025: $6.3B Q2 2025 Q3 2025: $7.6B Q3 2025 Q4 2025: $7.9B Q4 2025 Q1 2026: $8.9B Q1 2026 Q2 2026: $9.1B Q2 2026

Holdings 805 stocks · $3.8B
SPYG SS SPDR P S&P 500 Growth ETF 14.28% 7,436,550 $544.0M Add +10.1%
QUAL iShares MSCI USA Quality Fac 9.28% 2,150,960 $353.5M Add +16.8%
SPYV SS SPDR P S&P 500 Value ETF 7.71% 5,864,304 $293.8M Reduce -30.1%
QQQ Invesco QQQ Trust Series 1 7.35% 630,736 $280.1M Add +13.3%
SPDW Ste STR SPDR PT DW Eu ETF 5.90% 6,269,802 $224.7M Reduce -2.3%
SPEM State Street SP PTF Em ETF 2.56% 2,697,128 $97.6M Reduce -56.4%
DGRO iShares Core Dividend Growth 2.36% 1,547,928 $89.9M Add +62.6%
RSP Invesco S&P 500 Equal Weight 2.09% 469,473 $79.5M Add +131.3%
EWJ iShares MSCI Japan ETF 2.04% 1,088,022 $77.6M Add +71.1%
MTUM iShares MSCI USA Momentum Fa 2.03% 413,112 $77.4M Add +67291.8%
USMV iShares MSCI USA Min Vol Fac 1.95% 887,353 $74.2M Add +8.4%
IJH iShares Core S&P Midcap ETF 1.75% 1,097,893 $66.7M Add +654.7%
XLE SS Energy Select Sector 1.34% 542,081 $51.2M Add +266.0%
IDEV iShares Core MSCI Dev MKTS 1.34% 762,311 $51.2M Add +5.7%
NVDA Nvidia Corp. 1.05% 44,162 $39.9M Add +5.4%
SPSB SS SPDR P St C Corp. ETF 0.86% 1,102,345 $32.8M Add +245.9%
AMZN Amazon.com Inc. 0.74% 156,496 $28.2M Add +3.8%
ANGL Vaneck Fallen Angel High YLD 0.74% 981,672 $28.2M Reduce -0.2%
SCHD Schwab US DVD Equity ETF 0.71% 336,298 $27.1M Reduce -14.7%
TOTL SS Doubleline TR Tact ETF 0.68% 649,311 $25.8M Reduce -0.1%
EFAV iShares MSCI Eafe Min Vol Fa 0.66% 353,851 $25.1M Add +0.1%
XLC SS Comm Select Sector SPDR 0.62% 290,003 $23.7M Add +473.1%
JMBS Janus Henderson Mortg Backed 0.61% 521,179 $23.3M Add +0.3%
HYLB Xtrackers Usd High Yield Cor 0.59% 640,612 $22.6M Add +0.1%
BNDX Vanguard Total Intl Bond ETF 0.57% 442,273 $21.7M Add +78.0%
VEA Vanguard Ftse Developed ETF 0.56% 428,287 $21.5M Reduce -25.5%
MCHI iShares MSCI China ETF 0.56% 535,782 $21.3M New
EMXC iShares MSCI Emr MRK Ex Chna 0.55% 366,453 $21.1M Add +42510.8%
META Meta Platforms Inc. Class A 0.55% 43,142 $20.9M Add +6.7%
IJR iShares Core S&P Small-Cap E 0.52% 178,588 $19.7M Reduce -12.5%
BOND PIMCO Active Bond Exchange-T 0.50% 208,330 $19.0M Reduce -9.1%
MSFT Microsoft Corp. 0.50% 45,003 $18.9M Add +13.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.48% 72,995 $18.2M Reduce -9.4%
AAPL Apple Inc. 0.45% 99,934 $17.1M Add +0.7%
AGG iShares Core U.S. Aggregate 0.41% 162,255 $15.8M Add +35.2%
IEFA iShares Core MSCI Eafe ETF 0.38% 194,110 $14.4M Reduce -83.7%
FBND Fidelity Total Bond ETF 0.37% 316,099 $14.3M Reduce -15.6%
HTRB Hartford TTL RTRN BND ETF 0.37% 418,505 $14.1M Reduce -0.1%
GOOGL Alphabet Inc. Class A 0.36% 90,871 $13.7M Reduce -3.0%
JPM JPMorgan Chase & Co. 0.34% 65,739 $13.1M Add +2.5%
FIXD First Trust Smith Opportunis 0.34% 299,797 $13.0M Reduce -42.9%
ISTB iShares Core 1-5 Year Usd Bo 0.33% 269,607 $12.7M Reduce -16.0%
DUHP Dimensional US High Profi Et 0.33% 393,023 $12.4M Reduce -35.3%
BRK.B Berkshire Hathaway Inc. Class B 0.33% 29,468 $12.4M Add +4.7%
XLK SS Technology Select Sector 0.29% 53,405 $11.1M Add +20.7%
KOMP SS SPDR S&P Kensho Ne Comp 0.28% 222,813 $10.7M New
EWC iShares MSCI Canada ETF 0.28% 279,282 $10.7M Reduce -47.5%
GSEW Goldman Sachs Eql WGHT Large 0.28% 146,602 $10.7M New
ILF iShares Latin America 40 ETF 0.28% 369,106 $10.5M Add +10.4%
IVV iShares Core S&P 500 ETF 0.27% 19,893 $10.5M Reduce -3.1%
V Visa Inc. Class A 0.27% 37,445 $10.5M Add +0.7%
UNH Unitedhealth Group Inc. 0.27% 20,704 $10.2M Reduce -0.5%
DFAE Dimensional Emerging Core Eq 0.27% 413,228 $10.2M Reduce -26.8%
MUB iShares National Muni Bond E 0.26% 93,801 $10.0M Reduce -1.8%
TLT iShares 20+ Year Treasury BD 0.26% 105,756 $9.9M Reduce -14.4%
IUSG iShares Core S&P U.S. Growth 0.26% 83,151 $9.7M Add +3.5%
IGLB iShares 10+ Year Inv GR Corp. 0.25% 186,079 $9.5M Reduce -31.6%
AVGO Broadcom Inc. 0.25% 7,118 $9.4M Add +13.2%
LLY Eli Lilly & Co. 0.22% 10,925 $8.5M Add +6.3%
HD Home Depot Inc. 0.21% 21,020 $8.1M Reduce -1.5%
USHY iShares Broad Usd High Yield 0.20% 214,931 $7.8M Reduce -7.1%
MRK Merck & Co. Inc. 0.20% 58,879 $7.8M Add +4.4%
PG The Procter & Gamble Co. 0.20% 48,007 $7.7M Add +1.2%
MBB iShares MBS ETF 0.19% 80,682 $7.4M Reduce -68.9%
TIP iShares Tips Bond ETF 0.19% 68,212 $7.3M Reduce -0.5%
XOM Exxon Mobil Corp. 0.18% 60,180 $6.9M Add +0.1%
SUB iShares Short-Term National 0.18% 65,290 $6.8M Add +1.6%
IEMG iShares Core MSCI Emerging 0.18% 130,865 $6.8M Add +45.4%
WMT Walmart Inc. 0.17% 109,235 $6.5M Add +5.9%
LGLV SPDR US LC Low Vol Idx 0.17% 41,647 $6.5M New
SGOV iShares 0-3 Month Treasury B 0.17% 64,693 $6.5M Add +16.9%
JNJ Johnson & Johnson 0.17% 40,040 $6.3M Reduce -15.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.17% 18,317 $6.3M Add +137.7%
MA Mastercard Inc. Class A 0.16% 12,892 $6.2M Reduce -11.4%
CVX Chevron Corp. 0.16% 37,787 $6.0M Add +18.8%
CRM Salesforce Inc. 0.15% 19,202 $5.8M Add +2.2%
EMB iShares JP Morgan Usd Emergi 0.15% 64,038 $5.7M Reduce -3.8%
KO The Coca-Cola Co. 0.15% 91,916 $5.6M Reduce -14.8%
VOO Vanguard S&P 500 ETF 0.15% 11,645 $5.6M Add +113.8%
SPAB SS SPDR P Agg Bond ETF 0.15% 218,956 $5.5M Reduce -52.0%
GOOG Alphabet Inc. Class C 0.14% 35,249 $5.4M Add +12.0%
ORCL Oracle Corp. 0.14% 42,485 $5.3M Add +7.7%
XLF SS Financial Select Sector 0.14% 125,385 $5.3M Add +79.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 27,682 $5.2M Reduce -0.7%
XLV SS Health Care Select Sector 0.14% 35,060 $5.2M Add +31.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.13% 131,208 $5.0M Add +3.6%
WFC Wells Fargo & Co. 0.13% 85,048 $4.9M Add +1.4%
BIL SS SPDR BB 1-3M T-Bill ETF 0.13% 52,805 $4.8M Reduce -2.3%
NFLX Netflix Inc. 0.12% 7,703 $4.7M Add +1.5%
ABBV Abbvie Inc. 0.12% 25,730 $4.6M Add +4.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.12% 37,825 $4.6M Add +10.1%
TSLA Tesla Inc. 0.12% 26,066 $4.6M Add +8.2%
INTC Intel Corp. 0.12% 103,393 $4.5M Add +4.0%
SPHY SS SPDR P High Yield ETF 0.12% 190,919 $4.5M Add +0.0%
ADBE Adobe Inc. 0.12% 8,728 $4.4M Add +5.3%
LIN Linde PLC 0.12% 9,456 $4.4M Add +3.2%
RTX RTX Corp. 0.11% 43,727 $4.3M Reduce -0.1%
PEP Pepsico Inc. 0.11% 23,818 $4.2M Add +0.3%
AMGN Amgen Inc. 0.11% 14,645 $4.2M Reduce -1.9%
XLY SS Consumer Disc Select Sect 0.11% 22,511 $4.1M Reduce -3.3%

Show all 805 holdings

Options reported separately and not counted above: SPY puts ($549K), KIE puts ($62K).

Portfolio Sells Q4 2023 → Q1 2024
SPEM State Street SP PTF Em ETF Reduce -56.4% 2.56% −3.53
SPSM SS SPDR P S&P 600 Small Cap Sold out 0.00% −3.25
SPYV SS SPDR P S&P 500 Value ETF Reduce -30.1% 7.71% −3.18
IEFA iShares Core MSCI Eafe ETF Reduce -83.7% 0.38% −1.95
BBEU JPMorgan Betabuilders Europe Reduce -99.9% 0.00% −1.72
DVY iShares Select Dividend ETF Sold out 0.00% −1.13
MBB iShares MBS ETF Reduce -68.9% 0.19% −0.48
FIXD First Trust Smith Opportunis Reduce -42.9% 0.34% −0.31
EMLC Vaneck JPM Em Local Curr BND Reduce -99.6% 0.00% −0.26
EWC iShares MSCI Canada ETF Reduce -47.5% 0.28% −0.26
VEA Vanguard Ftse Developed ETF Reduce -25.5% 0.56% −0.20
SPAB SS SPDR P Agg Bond ETF Reduce -52.0% 0.15% −0.18
SPDW Ste STR SPDR PT DW Eu ETF Reduce -2.3% 5.90% −0.18
DUHP Dimensional US High Profi Et Reduce -35.3% 0.33% −0.16
IGLB iShares 10+ Year Inv GR Corp. Reduce -31.6% 0.25% −0.15
SCHD Schwab US DVD Equity ETF Reduce -14.7% 0.71% −0.12
DFAE Dimensional Emerging Core Eq Reduce -26.8% 0.27% −0.11
FBND Fidelity Total Bond ETF Reduce -15.6% 0.37% −0.10
IJR iShares Core S&P Small-Cap E Reduce -12.5% 0.52% −0.10
ISTB iShares Core 1-5 Year Usd Bo Reduce -16.0% 0.33% −0.09
BOND PIMCO Active Bond Exchange-T Reduce -9.1% 0.50% −0.09
TLT iShares 20+ Year Treasury BD Reduce -14.4% 0.26% −0.08
CSCO Cisco Systems Inc. Reduce -28.7% 0.10% −0.05
TOTL SS Doubleline TR Tact ETF Reduce -0.1% 0.68% −0.05
PFE Pfizer Inc. Reduce -38.6% 0.06% −0.05
ANGL Vaneck Fallen Angel High YLD Reduce -0.2% 0.74% −0.04
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -9.4% 0.48% −0.04
JNJ Johnson & Johnson Reduce -15.0% 0.17% −0.04
MDT Medtronic PLC Reduce -40.4% 0.05% −0.04
UNH Unitedhealth Group Inc. Reduce -0.5% 0.27% −0.04
HST Host Hotels & Resorts Inc. Reduce -83.8% 0.01% −0.03
HON Honeywell International Inc. Reduce -43.1% 0.04% −0.03
BBY Best Buy Co. Inc. Reduce -84.2% 0.01% −0.03
USB US Bancorp Reduce -47.3% 0.03% −0.03
DINO HF Sinclair Corp. Reduce -99.9% 0.00% −0.03
NEM Newmont Corp. Reduce -59.1% 0.01% −0.03
TSN Tyson Foods Inc. Class A Reduce -80.9% 0.01% −0.03
KO The Coca-Cola Co. Reduce -14.8% 0.15% −0.03
USHY iShares Broad Usd High Yield Reduce -7.1% 0.20% −0.03
OVV Ovintiv Inc. Reduce -99.8% 0.00% −0.03
HTRB Hartford TTL RTRN BND ETF Reduce -0.1% 0.37% −0.03
MUB iShares National Muni Bond E Reduce -1.8% 0.26% −0.02
VFC VF Corp. Reduce -83.3% 0.00% −0.02
BA The Boeing Co. Reduce -3.6% 0.04% −0.02
PXD Pioneer Natural Resources Co. Reduce -34.6% 0.05% −0.02
EMB iShares JP Morgan Usd Emergi Reduce -3.8% 0.15% −0.01
TIP iShares Tips Bond ETF Reduce -0.5% 0.19% −0.01
XLB SS Materials Select Sector Reduce -53.3% 0.01% −0.01
UL Unilever PLC Reduce -32.1% 0.02% −0.01
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -2.3% 0.13% −0.01

Portfolio Buys Q4 2023 → Q1 2024
SPYG SS SPDR P S&P 500 Growth ETF Add +10.1% 14.28% +2.05
MTUM iShares MSCI USA Momentum Fa Add +67291.8% 2.03% +2.03
QUAL iShares MSCI USA Quality Fac Add +16.8% 9.28% +1.74
IJH iShares Core S&P Midcap ETF Add +654.7% 1.75% +1.53
RSP Invesco S&P 500 Equal Weight Add +131.3% 2.09% +1.20
QQQ Invesco QQQ Trust Series 1 Add +13.3% 7.35% +1.00
XLE SS Energy Select Sector Add +266.0% 1.34% +1.00
DGRO iShares Core Dividend Growth Add +62.6% 2.36% +0.93
EWJ iShares MSCI Japan ETF Add +71.1% 2.04% +0.90
SPSB SS SPDR P St C Corp. ETF Add +245.9% 0.86% +0.60
MCHI iShares MSCI China ETF New 0.56% +0.56
EMXC iShares MSCI Emr MRK Ex Chna Add +42510.8% 0.55% +0.55
XLC SS Comm Select Sector SPDR Add +473.1% 0.62% +0.52
NVDA Nvidia Corp. Add +5.4% 1.05% +0.47
KOMP SS SPDR S&P Kensho Ne Comp New 0.28% +0.28
GSEW Goldman Sachs Eql WGHT Large New 0.28% +0.28
BNDX Vanguard Total Intl Bond ETF Add +78.0% 0.57% +0.23
LGLV SPDR US LC Low Vol Idx New 0.17% +0.17
USMV iShares MSCI USA Min Vol Fac Add +8.4% 1.95% +0.17
META Meta Platforms Inc. Class A Add +6.7% 0.55% +0.15
AMZN Amazon.com Inc. Add +3.8% 0.74% +0.10
VUG Vanguard Mrngstar GR ETF-Sui Add +137.7% 0.17% +0.10
AGG iShares Core U.S. Aggregate Add +35.2% 0.41% +0.08
MSFT Microsoft Corp. Add +13.8% 0.50% +0.08
EEMV iShares MSCI Emg MKT Min Vol New 0.08% +0.08
VOO Vanguard S&P 500 ETF Add +113.8% 0.15% +0.08
XLF SS Financial Select Sector Add +79.2% 0.14% +0.07
IDEV iShares Core MSCI Dev MKTS Add +5.7% 1.34% +0.07
UBER Uber Technologies Inc. Add +254.5% 0.09% +0.07
VTV Vanguard Mrngstr Val ETF-Aui Add +177.4% 0.09% +0.06
LLY Eli Lilly & Co. Add +6.3% 0.22% +0.06
XLK SS Technology Select Sector Add +20.7% 0.29% +0.05
AVGO Broadcom Inc. Add +13.2% 0.25% +0.05
IEMG iShares Core MSCI Emerging Add +45.4% 0.18% +0.05
BRK.B Berkshire Hathaway Inc. Class B Add +4.7% 0.33% +0.05
JPM JPMorgan Chase & Co. Add +2.5% 0.34% +0.04
VCIT Vanguard Int-Term Corporate Add +200.9% 0.06% +0.04
DIS The Walt Disney Co. Add +10.1% 0.12% +0.04
XLV SS Health Care Select Sector Add +31.9% 0.14% +0.04
TGT Target Corp. Add +48.6% 0.08% +0.03
MRK Merck & Co. Inc. Add +4.4% 0.20% +0.03
COP Conocophillips Add +70.1% 0.07% +0.03
MPC Marathon Petroleum Corp. Add +61.4% 0.05% +0.03
PCAR Paccar Inc. Add +71.5% 0.05% +0.03
TSM Taiwan Semiconductor-SP ADR Add +28872.0% 0.03% +0.03
CVX Chevron Corp. Add +18.8% 0.16% +0.02
ORCL Oracle Corp. Add +7.7% 0.14% +0.02
SMCI Super Micro Computer Inc. Add +29833.3% 0.02% +0.02
EOG EOG Resources Inc. Add +76.7% 0.05% +0.02
IUSG iShares Core S&P U.S. Growth Add +3.5% 0.26% +0.02

Options Activity Q4 2023 → Q1 2024
SPY SS SPDR S&P 500 ETF Trust-US put New 1,050,000 $549K
KIE SS SPDR S&P Insurance ETF put New 1,200,000 $62K
EEM iShares MSCI Emerging Market call Sold out 1,500,000 $60Kbefore exit
FXI iShares China Large-Cap ETF call Sold out 1,500,000 $36Kbefore exit
ASHR Xtrackers Harvest Csi 300 CH call Sold out 1,500,000 $36Kbefore exit
EWZ iShares MSCI Brazil ETF call Sold out 775,000 $27Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,386$9.1BSPYG, IDEV, NVDA, SPDW, AAPL
Q1 2026 1,391$8.9BSPYG, IDEV, SPYV, NVDA, AAPL
Q4 2025 1,291$7.9BSPYG, IDEV, NVDA, SPYV, SPDW
Q3 2025 1,163$7.6BSPYG, IDEV, NVDA, MSFT, SPDW
Q2 2025 1,099$6.3BSPYG, IDEV, SPYV, RSP, SPDW
Q1 2025 854$3.4BSPYG, SPYV, IDEV, SPDW, RSP
Q4 2024 859$3.5BSPYG, SPYV, SPDW, QUAL, SPEM
Q3 2024 831$3.8BSPYG, QUAL, SPDW, SPEM, USMV
Q2 2024 818$3.6BSPYG, QUAL, QQQ, SPDW, SPYV
Q1 2024 805$3.8BSPYG, QUAL, SPYV, QQQ, SPDW