SEC 13F Intelligence

Managers / Q2 2025

Horan Securities, Inc.

CIK 0001671623 · 8044 MONTGOMERY ROAD, SUITE 640, CINCINNATI, X1, 45236 · 5137450707

Reported Value
$284M
Q2 2025
Positions
152
Filings on Record
26
2019–present window
Filed
Aug 6, 2025
original filing

Summary

Horan Securities, Inc. reported $284M in U.S.-listed holdings across 152 positions for Q2 2025.

The portfolio is heavily concentrated: Ishares Core S P 500 Etf alone accounts for 46.3% of reported value.

Compared with Q1 2025, the fund opened 20 new positions and exited 3.

Portfolio Metrics

Turnover
+3.6%
vs prior filed quarter
Top-10 Concentration
+70.6%
share of reported value
Largest Position
+46.3%
Ishares Core S P 500 Etf
New / Exited
20 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $86MQ4 ’18Q1 ’19: $94MQ2 ’19: $88MQ3 ’19: $90MQ4 ’19: $90MQ4 ’19Q1 ’20: $73MQ2 ’20: $91MQ3 ’20: $100MQ4 ’20: $121MQ4 ’20Q1 ’21: $119MQ2 ’21: $141MQ4 ’21: $168MQ1 ’22: $170MQ1 ’22Q2 ’22: $166MQ3 ’22: $162MQ4 ’22: $178MQ1 ’23: $195MQ1 ’23Q2 ’23: $236MQ3 ’23: $188MQ4 ’23: $199MQ1 ’24: $212MQ1 ’24Q2 ’24: $231MQ3 ’24: $259MQ4 ’24: $264MQ1 ’25: $264MQ1 ’25Q2 ’25: $284Mfilingsflow.com

Portfolio Composition

By security type
ETP: 78.7%Common Stock: 19.9%Other: 0.9%MLP: 0.2%REIT: 0.2%Other: 0.2%
  • ETP · 78.7% · $224M
  • Common Stock · 19.9% · $56M
  • Other · 0.9% · $3M
  • MLP · 0.2% · $596,481
  • REIT · 0.2% · $522,748
  • Other · 0.2% · $444,746

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPDR Portfolio S&P 500 ETFNEW+24.6K24.6K+$2M$2M
Eaton Corp PLCNEW+4.2K4.2K+$1M$1M
SPDR Portfolio S&P 600 Sm Cap ETFNEW+25.0K25.0K+$1M$1M
Vanguard Tax-Exempt Bond ETFNEW+20.4K20.4K+$998,915$998,915
NDSNNORDSON CORP COMNEW+4.0K4.0K+$866,055$866,055
SPDR Portfolio S&P 400 Mid Cap ETFNEW+14.5K14.5K+$786,643$786,643
AVANTIS INTERNATIONAL EQUITY ETFNEW+7.6K7.6K+$564,396$564,396
VICTORYSHARES FREE CASH FLOW ETFNEW+11.5K11.5K+$406,501$406,501

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1iShares Core S&P 500 ETFETF46.30%$132M211.9K
2iShares Core S&P Mid-Cap ETFETF7.62%$22M349.1K
3iShares Core S&P Small-Cap ETFETF6.31%$18M164.1K
4PGProcter & Gamble Cohistory →Stock3.79%$11M67.6K
5AAPLApple Inchistory →Stock1.61%$5M22.3K
6iShares Russell 1000 Growth ETFETF1.21%$3M8.1K
7MSFTMicrosoft Corphistory →Stock1.21%$3M6.9K
8NVDANVIDIA CorpStock0.91%$3M16.3K
9Vanguard Total Stock Market ETFETF0.84%$2M7.9K
10General Electric CoStock0.80%$2M8.9K
11iShares Russell Mid-Cap ETFETF0.66%$2M20.4K
12SPDR Portfolio S&P 500 ETFETF0.63%$2M24.6K
13Vanguard S&P 500 ETFETF0.62%$2M3.1K
14iShares MSCI EAFE Value ETFETF0.58%$2M25.9K
15JPMJPMorgan Chase & CoStock0.57%$2M5.6K
16iShares MSCI USA Quality Factor ETFETF0.53%$2M8.2K
17Eaton Corp PLCStock0.52%$1M4.2K
18Vanguard Dividend Appreciation ETFETF0.49%$1M6.8K
19SPDR S&P 500 ETF TrustETF0.46%$1M2.1K
20SPDR SSgA Multi-Asset Real Return ETFETF0.44%$1M42.8K
21AVGOBroadcom IncStock0.43%$1M4.5K
22LMTLockheed Martin CorpStock0.42%$1M2.6K
23iShares Core US Aggregate Bond ETFETF0.39%$1M11.2K
24VUGVanguard Growth ETFETF0.39%$1M2.5K
25iShares Russell 2000 ETFETF0.38%$1M5.1K
26LCNBLCNB CorpStock0.38%$1M74.9K
27SPDR Portfolio S&P 600 Sm Cap ETFETF0.37%$1M25.0K
28JNJJohnson & JohnsonStock0.37%$1M6.9K
29SPDR Portfolio Short Term Treasury ETFETF0.36%$1M35.3K
30Vanguard Tax-Exempt Bond ETFETF0.35%$998,91520.4K
31IBDQiShares iBonds Dec. 2025 Corporate Bond ETFETF0.35%$995,88839.6K
32HDThe Home Depot IncStock0.35%$988,2432.7K
33iShares 3-7 Year Treasury Bond ETFETF0.35%$983,6818.3K
34iShares iBonds Dec 2027 Term Corp ETFETF0.34%$974,36940.1K
35iShares IBonds Dec. 2026 Corporate Bond ETFETF0.34%$972,23740.1K
36iShares iBonds Dec 2028 Term Corporate ETFETF0.34%$958,96137.7K
37GEVGE VERNOVA INC COMStock0.34%$957,6661.8K
38CSXCSX CorpStock0.33%$938,96128.8K
39VICTORYSHARES CORE INTERMEDIATE BOND ETFETF0.33%$925,97019.7K
40CITCintas CorpStock0.32%$922,6434.1K
41VTVVanguard Value ETFETF0.32%$906,5455.1K
42RTXRaytheon Technologies CorpStock0.31%$876,8576.0K
43NDSNNORDSON CORP COMStock0.30%$866,0554.0K
44iShares Core MSCI Total Intl Stk ETFETF0.30%$844,54110.9K
45iShares 7-10 Year Treasury Bond ETFETF0.29%$833,0958.7K
46iShares MSCI EAFE Growth ETFETF0.29%$832,0207.4K
47BRK/BBerkshire Hathaway IncStock0.28%$808,7381.7K
48GOOGLAlphabet IncStock0.28%$803,2374.6K
49Vanguard FTSE Emerging Markets ETFETF0.28%$791,59716.0K
50SPDR Portfolio S&P 400 Mid Cap ETFETF0.28%$786,64314.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2025$284M152Aug 6, 202513F-HRchanges · EDGAR ↗
Q1 2025$264M135May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$264M129Feb 7, 202513F-HRchanges · EDGAR ↗
Q3 2024$259M140Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$231M123Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$212M114May 2, 202413F-HRchanges · EDGAR ↗
Q4 2023$199M106Feb 7, 202413F-HRchanges · EDGAR ↗
Q3 2023$188M100Nov 1, 202313F-HRchanges · EDGAR ↗
Q2 2023$236M728Jul 27, 202313F-HRchanges · EDGAR ↗
Q1 2023$195M744Apr 18, 202313F-HRchanges · EDGAR ↗
Q4 2022$178M786Jan 17, 202313F-HRchanges · EDGAR ↗
Q3 2022$162M658Oct 12, 202213F-HRchanges · EDGAR ↗
Q2 2022$166M752Jul 19, 202213F-HRchanges · EDGAR ↗
Q1 2022$170M553May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$168M553Feb 9, 202213F-HRchanges · EDGAR ↗
Q2 2021$141M498Aug 5, 202113F-HRchanges · EDGAR ↗
Q1 2021$119M431May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$121M427Feb 5, 202113F-HRchanges · EDGAR ↗
Q3 2020$100M362Nov 4, 202013F-HRchanges · EDGAR ↗
Q2 2020$91M338Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$73M316May 5, 202013F-HRchanges · EDGAR ↗
Q4 2019$90M33Feb 5, 202013F-HRchanges · EDGAR ↗
Q3 2019$90M255Oct 21, 201913F-HRchanges · EDGAR ↗
Q2 2019$88M300Jul 24, 201913F-HRchanges · EDGAR ↗
Q1 2019$94M239Apr 18, 201913F-HRchanges · EDGAR ↗
Q4 2018$86M227Jan 22, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.