Horizon Investments, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Horizon Investments, LLC reported 854 stock positions worth $3.4 billion. Its top holding was SS SPDR P S&P 500 Growth ETF (SPYG) at 11.0% of the portfolio, followed by SS SPDR P S&P 500 Value ETF (SPYV, 7.7%) and iShares Core MSCI Dev MKTS (IDEV, 7.5%). Compared with Q4 2024, it opened 64 new positions, sold out of 70, added to 542 and reduced 147. The biggest buy was iShares Core MSCI Dev MKTS (IDEV, shares +170%) and the biggest sale iShares MSCI USA Quality Fac (QUAL, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- Charlotte, NC
- CIK
- 0001560717
- Portfolio Value
- $3.4B (Q1 2025)
- SEC Filing
- 0001560717-25-000004 ↗ filed May 13, 2025
Holdings Value
Holdings 854 stocks · $3.4B
| SPYG SS SPDR P S&P 500 Growth ETF | 11.04% | 4,609,555 | $370.5M | Reduce -17.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 7.70% | 5,059,600 | $258.4M | Reduce -12.7% |
| IDEV iShares Core MSCI Dev MKTS | 7.49% | 3,648,012 | $251.3M | Add +169.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 6.78% | 6,250,807 | $227.6M | Reduce -9.2% |
| RSP Invesco S&P 500 Equal Weight | 6.50% | 1,258,767 | $218.1M | Add +31.2% |
| SPEM State Street SP PTF Em ETF | 5.23% | 4,458,446 | $175.5M | Reduce -0.4% |
| IJR iShares Core S&P Small-Cap E | 2.27% | 727,331 | $76.1M | Reduce -4.2% |
| USMV iShares MSCI USA Min Vol Fac | 2.22% | 796,075 | $74.6M | Add +16.2% |
| IEMG iShares Core MSCI Emerging | 1.97% | 1,225,231 | $66.1M | Reduce -10.9% |
| IJH iShares Core S&P Midcap ETF | 1.80% | 1,032,772 | $60.3M | Add +8.2% |
| VLUE iShares MSCI USA Value Facto | 0.94% | 296,317 | $31.6M | Reduce -9.2% |
| DGRO iShares Core Dividend Growth | 0.93% | 507,236 | $31.3M | Add +473952.3% |
| SCHD Schwab US DVD Equity ETF | 0.93% | 1,111,414 | $31.1M | Reduce -2.2% |
| TOTL SS Doubleline TR Tact ETF | 0.87% | 733,837 | $29.3M | Add +9.2% |
| ANGL Vaneck Fallen Angel High YLD | 0.87% | 1,026,701 | $29.3M | Add +0.6% |
| JMBS Janus Henderson Mortg Backed | 0.80% | 601,943 | $27.0M | Add +35.8% |
| AGG iShares Core U.S. Aggregate | 0.73% | 249,849 | $24.6M | Reduce -6.8% |
| PYLD PIMCO Multisector Bond Actv | 0.73% | 933,723 | $24.4M | Add +98.3% |
| VEA Vanguard Ftse Developed ETF | 0.71% | 471,420 | $24.0M | Reduce -4.5% |
| KBWB Invesco KBW Bank ETF | 0.71% | 381,688 | $24.0M | Reduce -2.6% |
| EWJ iShares MSCI Japan ETF | 0.70% | 343,880 | $23.6M | Reduce -49.5% |
| BBEU JPMorgan Betabuilders Europe | 0.69% | 374,006 | $23.1M | Add +49502.9% |
| NVDA Nvidia Corp. | 0.65% | 201,380 | $21.8M | Reduce -5.7% |
| AAPL Apple Inc. | 0.65% | 97,964 | $21.7M | Add +3.5% |
| MSFT Microsoft Corp. | 0.63% | 56,025 | $21.0M | Add +45.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.60% | 77,753 | $20.1M | Reduce -1.1% |
| SPSB SS SPDR P St C Corp. ETF | 0.59% | 658,183 | $19.8M | Reduce -34.0% |
| BOND PIMCO Active Bond Exchange-T | 0.57% | 208,369 | $19.1M | Reduce -12.4% |
| FBND Fidelity Total Bond ETF | 0.54% | 398,851 | $18.1M | Reduce -0.5% |
| HYLB Xtrackers Usd High Yield Cor | 0.53% | 498,058 | $17.8M | Reduce -0.2% |
| DFAE Dimensional Emerging Core Eq | 0.52% | 676,047 | $17.5M | Reduce -2.0% |
| BNDX Vanguard Total Intl Bond ETF | 0.52% | 359,111 | $17.5M | Reduce -0.7% |
| AMZN Amazon.com Inc. | 0.52% | 91,617 | $17.4M | Reduce -1.0% |
| IGLB iShares 10+ Year Inv GR Corp. | 0.51% | 346,721 | $17.3M | Add +3.4% |
| META Meta Platforms Inc. Class A | 0.49% | 28,264 | $16.3M | Reduce -2.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.48% | 213,594 | $16.2M | Add +55.9% |
| DUHP Dimensional US High Profi Et | 0.46% | 469,305 | $15.6M | Reduce -0.6% |
| TLT iShares 20+ Year Treasury BD | 0.45% | 165,887 | $15.0M | Add +0.4% |
| GSEW Goldman Sachs Eql WGHT Large | 0.44% | 192,021 | $14.6M | Reduce -8.1% |
| XLK SS Technology Select Sector | 0.41% | 65,872 | $13.6M | Add +9.1% |
| AVGO Broadcom Inc. | 0.40% | 79,971 | $13.4M | Reduce -26.2% |
| JCPB JPMorgan Core Plus Bond ETF | 0.38% | 274,858 | $12.8M | Reduce -0.6% |
| TIP iShares Tips Bond ETF | 0.37% | 113,834 | $12.5M | Add +23.0% |
| TSLA Tesla Inc. | 0.37% | 47,306 | $12.3M | Reduce -27.7% |
| IUSG iShares Core S&P U.S. Growth | 0.36% | 95,511 | $12.1M | Add +0.3% |
| MUB iShares National Muni Bond E | 0.33% | 104,911 | $11.0M | Reduce -2.1% |
| NFLX Netflix Inc. | 0.32% | 11,401 | $10.6M | Reduce -10.7% |
| V Visa Inc. Class A | 0.27% | 26,158 | $9.2M | Add +13.8% |
| ORCL Oracle Corp. | 0.27% | 64,734 | $9.0M | Add +3.0% |
| IVV iShares Core S&P 500 ETF | 0.26% | 15,355 | $8.6M | Reduce -7.6% |
| XLF SS Financial Select Sector | 0.26% | 171,961 | $8.6M | Add +4.5% |
| CRM Salesforce Inc. | 0.25% | 30,939 | $8.3M | Add +7.3% |
| WMT Walmart Inc. | 0.25% | 94,247 | $8.3M | Add +2.6% |
| LLY Eli Lilly & Co. | 0.23% | 9,491 | $7.8M | Add +6.3% |
| LGLV SPDR US LC Low Vol Idx | 0.22% | 41,837 | $7.3M | Add +1.1% |
| IEF iShares 7-10 Year Treasury B | 0.21% | 75,811 | $7.2M | Add +3980.3% |
| KO The Coca-Cola Co. | 0.21% | 99,302 | $7.1M | Add +5.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.21% | 28,315 | $7.0M | Add +1.7% |
| GOOGL Alphabet Inc. Class A | 0.21% | 44,990 | $7.0M | Add +389.4% |
| COST Costco Wholesale Corp. | 0.20% | 7,141 | $6.7M | Add +4.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.20% | 17,685 | $6.6M | Add +26.8% |
| XOM Exxon Mobil Corp. | 0.19% | 54,581 | $6.5M | Add +8.3% |
| CVX Chevron Corp. | 0.19% | 38,509 | $6.4M | Add +2.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.19% | 69,321 | $6.3M | Add +37.6% |
| LIN Linde PLC | 0.19% | 13,427 | $6.3M | Add +5.6% |
| XLV SS Health Care Select Sector | 0.18% | 42,518 | $6.2M | Add +17.4% |
| RTX RTX Corp. | 0.18% | 45,839 | $6.1M | Add +5.1% |
| UNH Unitedhealth Group Inc. | 0.18% | 11,462 | $6.0M | Add +8.6% |
| INTU Intuit Inc. | 0.17% | 9,504 | $5.8M | Reduce -1.3% |
| TMUS T-Mobile US Inc. | 0.17% | 21,730 | $5.8M | Add +0.6% |
| WFC Wells Fargo & Co. | 0.17% | 79,739 | $5.7M | Add +0.5% |
| EMB iShares JP Morgan Usd Emergi | 0.16% | 61,483 | $5.5M | Add +7.1% |
| ISRG Intuitive Surgical Inc. | 0.16% | 11,064 | $5.5M | Reduce -6.9% |
| JPM JPMorgan Chase & Co. | 0.16% | 22,107 | $5.4M | Add +0.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.16% | 128,506 | $5.4M | Add +2.3% |
| NOW ServiceNow Inc. | 0.16% | 6,704 | $5.3M | Add +7.9% |
| SGOV iShares 0-3 Month Treasury B | 0.16% | 52,741 | $5.3M | Reduce -18.1% |
| UNP Union Pacific Corp. | 0.15% | 21,846 | $5.2M | Add +7.2% |
| UBER Uber Technologies Inc. | 0.15% | 70,538 | $5.1M | Reduce -10.1% |
| VOO Vanguard S&P 500 ETF | 0.15% | 9,963 | $5.1M | Reduce -12.3% |
| CSCO Cisco Systems Inc. | 0.15% | 83,450 | $5.1M | Add +2.6% |
| XLY SS Consumer Disc Select Sect | 0.15% | 25,734 | $5.1M | Reduce -21.1% |
| SPAB SS SPDR P Agg Bond ETF | 0.15% | 196,652 | $5.0M | Reduce -5.8% |
| AMD Advanced Micro Devices | 0.15% | 48,123 | $4.9M | Reduce -5.2% |
| ADBE Adobe Inc. | 0.15% | 12,847 | $4.9M | Add +52.0% |
| ACN Accenture PLC Class A | 0.14% | 15,636 | $4.9M | Add +5.1% |
| PANW Palo Alto Networks Inc. | 0.14% | 28,207 | $4.8M | Add +66.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.14% | 27,749 | $4.8M | Add +61.0% |
| SPHY SS SPDR P High Yield ETF | 0.14% | 299,736 | $4.8M | Add +2.3% |
| MCD McDonald's Corp. | 0.14% | 15,296 | $4.8M | Add +3.4% |
| AMGN Amgen Inc. | 0.14% | 15,132 | $4.7M | Add +2.1% |
| PM Philip Morris International | 0.14% | 29,484 | $4.7M | Add +4.1% |
| PLTR Palantir Technologies Inc. Class A | 0.14% | 55,330 | $4.7M | Reduce -18.7% |
| MTBA Simplify MBS ETF | 0.14% | 93,543 | $4.7M | Add +1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.14% | 8,724 | $4.6M | Add +17.1% |
| JNJ Johnson & Johnson | 0.14% | 27,843 | $4.6M | Add +8.7% |
| ABBV Abbvie Inc. | 0.14% | 21,991 | $4.6M | Add +3.9% |
| GS Goldman Sachs Group Inc. | 0.13% | 8,076 | $4.4M | Add +1.5% |
| XLC SS Comm Select Sector SPDR | 0.12% | 43,324 | $4.2M | Reduce -4.9% |
| HD Home Depot Inc. | 0.12% | 11,244 | $4.1M | Add +10.9% |
Options reported separately and not counted above: SPY puts ($278K), XLP calls ($129K), XLB calls ($106K), XLF calls ($79K), SLV calls ($28K), EWC puts ($25K), INTC calls ($3K).
Portfolio Sells Q4 2024 → Q1 2025
| QUAL iShares MSCI USA Quality Fac | Reduce -97.8% | 0.12% | −5.50 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -17.2% | 11.04% | −3.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -12.7% | 7.70% | −0.81 |
| EWJ iShares MSCI Japan ETF | Reduce -49.5% | 0.70% | −0.61 |
| TSLA Tesla Inc. | Reduce -27.7% | 0.37% | −0.39 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.37 |
| HTRB Hartford TTL RTRN BND ETF | Reduce -99.9% | 0.00% | −0.35 |
| AVGO Broadcom Inc. | Reduce -26.2% | 0.40% | −0.32 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -34.0% | 0.59% | −0.26 |
| FIXD First Trust Smith Opportunis | Reduce -99.9% | 0.00% | −0.26 |
| IJR iShares Core S&P Small-Cap E | Reduce -4.2% | 2.27% | −0.24 |
| NVDA Nvidia Corp. | Reduce -5.7% | 0.65% | −0.17 |
| IEMG iShares Core MSCI Emerging | Reduce -10.9% | 1.97% | −0.09 |
| A Agilent Technologies Inc. | Reduce -80.5% | 0.01% | −0.07 |
| GLW Corning Inc. | Reduce -70.1% | 0.03% | −0.06 |
| DLR Digital Realty Trust Inc. | Reduce -72.2% | 0.02% | −0.06 |
| USHY iShares Broad Usd High Yield | Reduce -40.9% | 0.10% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -1.0% | 0.52% | −0.06 |
| POWL Powell Industries Inc. | Sold out | 0.00% | −0.06 |
| XLY SS Consumer Disc Select Sect | Reduce -21.1% | 0.15% | −0.06 |
| AVAV Aerovironment Inc. | Sold out | 0.00% | −0.06 |
| FCX Freeport-McMoran Inc. | Reduce -49.1% | 0.06% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -20.4% | 0.10% | −0.05 |
| VLUE iShares MSCI USA Value Facto | Reduce -9.2% | 0.94% | −0.05 |
| BOND PIMCO Active Bond Exchange-T | Reduce -12.4% | 0.57% | −0.05 |
| ANET Arista Networks Inc. | Reduce -3.5% | 0.10% | −0.04 |
| PWR Quanta Services Inc. | Reduce -44.2% | 0.04% | −0.04 |
| TT Trane Technologies PLC | Reduce -36.5% | 0.06% | −0.04 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -15.3% | 0.10% | −0.04 |
| CEG Constellation Energy | Reduce -33.0% | 0.06% | −0.03 |
| VST Vistra Corp. | Reduce -30.2% | 0.05% | −0.03 |
| AMD Advanced Micro Devices | Reduce -5.2% | 0.15% | −0.03 |
| GSEW Goldman Sachs Eql WGHT Large | Reduce -8.1% | 0.44% | −0.03 |
| SGOV iShares 0-3 Month Treasury B | Reduce -18.1% | 0.16% | −0.03 |
| ADI Analog Devices Inc. | Reduce -16.3% | 0.12% | −0.03 |
| AMAT Applied Materials Inc. | Reduce -10.3% | 0.12% | −0.02 |
| GEV GE Vernova Inc. | Reduce -20.9% | 0.08% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -7.6% | 0.26% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -12.3% | 0.15% | −0.02 |
| SMH Vaneck Semiconductor ETF | Reduce -30.0% | 0.04% | −0.02 |
| KBWB Invesco KBW Bank ETF | Reduce -2.6% | 0.71% | −0.02 |
| DHR Danaher Corp. | Reduce -7.9% | 0.11% | −0.02 |
| CDNS Cadence Design SYS Inc. | Reduce -3.2% | 0.09% | −0.02 |
| IGV iShares Expanded Tech-Softwa | Reduce -13.9% | 0.06% | −0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -6.9% | 0.16% | −0.01 |
| PPG PPG Industries Inc. | Reduce -38.3% | 0.02% | −0.01 |
| KLAC KLA Corp. | Reduce -20.7% | 0.10% | −0.01 |
| AIG American International Group | Reduce -44.0% | 0.03% | −0.01 |
| XLRE SS Real Estate Select Sector | Reduce -50.0% | 0.01% | −0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -16.1% | 0.10% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| IDEV iShares Core MSCI Dev MKTS | Add +169.6% | 7.49% | +4.99 |
| RSP Invesco S&P 500 Equal Weight | Add +31.2% | 6.50% | +1.67 |
| DGRO iShares Core Dividend Growth | Add +473952.3% | 0.93% | +0.93 |
| BBEU JPMorgan Betabuilders Europe | Add +49502.9% | 0.69% | +0.69 |
| USMV iShares MSCI USA Min Vol Fac | Add +16.2% | 2.22% | +0.48 |
| PYLD PIMCO Multisector Bond Actv | Add +98.3% | 0.73% | +0.38 |
| JMBS Janus Henderson Mortg Backed | Add +35.8% | 0.80% | +0.24 |
| IEF iShares 7-10 Year Treasury B | Add +3980.3% | 0.21% | +0.21 |
| IEFA iShares Core MSCI Eafe ETF | Add +55.9% | 0.48% | +0.21 |
| MSFT Microsoft Corp. | Add +45.6% | 0.63% | +0.16 |
| GOOGL Alphabet Inc. Class A | Add +389.4% | 0.21% | +0.16 |
| TOTL SS Doubleline TR Tact ETF | Add +9.2% | 0.87% | +0.12 |
| IJH iShares Core S&P Midcap ETF | Add +8.2% | 1.80% | +0.09 |
| TIP iShares Tips Bond ETF | Add +23.0% | 0.37% | +0.09 |
| WDAY Workday Inc. Class A | Add +370.1% | 0.10% | +0.08 |
| V Visa Inc. Class A | Add +13.8% | 0.27% | +0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +61.0% | 0.14% | +0.06 |
| G Genpact Ltd. | Add +101278.9% | 0.06% | +0.06 |
| LRCX Lam Research Corp. | Add +110.6% | 0.11% | +0.06 |
| CVS CVS Health Corp. | Add +43.1% | 0.10% | +0.06 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +37.6% | 0.19% | +0.06 |
| PANW Palo Alto Networks Inc. | Add +66.8% | 0.14% | +0.06 |
| FTNT Fortinet Inc. | Add +183.3% | 0.07% | +0.05 |
| ADSK Autodesk Inc. | Add +137.4% | 0.08% | +0.04 |
| KO The Coca-Cola Co. | Add +5.6% | 0.21% | +0.04 |
| XLV SS Health Care Select Sector | Add +17.4% | 0.18% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +17.1% | 0.14% | +0.04 |
| PM Philip Morris International | Add +4.1% | 0.14% | +0.04 |
| IGLB iShares 10+ Year Inv GR Corp. | Add +3.4% | 0.51% | +0.04 |
| DJAN FT Vest U.S. Equity Deep Buf | New | 0.04% | +0.04 |
| ADBE Adobe Inc. | Add +52.0% | 0.15% | +0.04 |
| ANGL Vaneck Fallen Angel High YLD | Add +0.6% | 0.87% | +0.04 |
| XOM Exxon Mobil Corp. | Add +8.3% | 0.19% | +0.04 |
| RTX RTX Corp. | Add +5.1% | 0.18% | +0.04 |
| TMUS T-Mobile US Inc. | Add +0.6% | 0.17% | +0.04 |
| LLY Eli Lilly & Co. | Add +6.3% | 0.23% | +0.04 |
| CVX Chevron Corp. | Add +2.3% | 0.19% | +0.04 |
| XLP SS Consumer Staples Sel Sect | Add +53.7% | 0.09% | +0.03 |
| BABA Alibaba Group Holding-SP ADR | Add +5.7% | 0.08% | +0.03 |
| TLT iShares 20+ Year Treasury BD | Add +0.4% | 0.45% | +0.03 |
| IBM Intl Business Machines Corp. | Add +1.7% | 0.21% | +0.03 |
| LIN Linde PLC | Add +5.6% | 0.19% | +0.03 |
| UL Unilever PLC | Add +47.5% | 0.09% | +0.03 |
| JNJ Johnson & Johnson | Add +8.7% | 0.14% | +0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +26.8% | 0.20% | +0.03 |
| AMGN Amgen Inc. | Add +2.1% | 0.14% | +0.03 |
| ABBV Abbvie Inc. | Add +3.9% | 0.14% | +0.03 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +51.7% | 0.07% | +0.03 |
| XLF SS Financial Select Sector | Add +4.5% | 0.26% | +0.03 |
| DASH DoorDash Inc. Class A | New | 0.03% | +0.03 |
Options Activity Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 500,000 | $278K |
| EEM iShares MSCI Emerging Market | call | Sold out | 6,282,300 | $264Kbefore exit |
| XLP SS Consumer Staples Sel Sect | call | New | 1,600,000 | $129K |
| XLB SS Materials Select Sector | call | New | 1,250,000 | $106K |
| XLF SS Financial Select Sector | call | New | 1,600,000 | $79K |
| FEZ State Street SPDR Euro Stoxx | call | Sold out | 1,250,000 | $60Kbefore exit |
| SLV iShares Silver Trust | call | New | 900,000 | $28K |
| EWC iShares MSCI Canada ETF | put | New | 625,000 | $25K |
| ASHR Xtrackers Harvest Csi 300 CH | call | Sold out | 825,000 | $22Kbefore exit |
| FXI iShares China Large-Cap ETF | call | Sold out | 700,000 | $21Kbefore exit |
| INTC Intel Corp. | call | New | 150,000 | $3K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,386 | $9.1B | SPYG, IDEV, NVDA, SPDW, AAPL |
| Q1 2026 | 1,391 | $8.9B | SPYG, IDEV, SPYV, NVDA, AAPL |
| Q4 2025 | 1,291 | $7.9B | SPYG, IDEV, NVDA, SPYV, SPDW |
| Q3 2025 | 1,163 | $7.6B | SPYG, IDEV, NVDA, MSFT, SPDW |
| Q2 2025 | 1,099 | $6.3B | SPYG, IDEV, SPYV, RSP, SPDW |
| Q1 2025 | 854 | $3.4B | SPYG, SPYV, IDEV, SPDW, RSP |
| Q4 2024 | 859 | $3.5B | SPYG, SPYV, SPDW, QUAL, SPEM |
| Q3 2024 | 831 | $3.8B | SPYG, QUAL, SPDW, SPEM, USMV |
| Q2 2024 | 818 | $3.6B | SPYG, QUAL, QQQ, SPDW, SPYV |
| Q1 2024 | 805 | $3.8B | SPYG, QUAL, SPYV, QQQ, SPDW |