SEC 13F Intelligence

Managers / Q1 2026

HORIZON FINANCIAL SERVICES, LLC

CIK 0001674020 · 3880 VEST MILL RD, STE 100, WINSTON SALEM, NC, 27103 · 3366597060

Reported Value
$226M
Q1 2026
Positions
425
Filings on Record
25
2019–present window
Filed
Apr 15, 2026
original filing

Summary

Horizon Financial Services, LLC reported $226M in U.S.-listed holdings across 425 positions for Q1 2026.

Its largest position, Spsb, represents 8.4% of the portfolio.

Compared with Q4 2025, the fund opened 73 new positions and exited 14.

Portfolio Metrics

Turnover
+5.9%
vs prior filed quarter
Top-10 Concentration
+57.3%
share of reported value
Largest Position
+8.4%
Spsb
New / Exited
73 / 14
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
Q3 ’20: $103MQ3 ’20Q4 ’20: $110MQ1 ’21: $114MQ2 ’21: $138MQ2 ’21Q3 ’21: $152MQ2 ’22: $130MQ3 ’22: $112MQ3 ’22Q4 ’22: $116MQ1 ’23: $117MQ2 ’23: $123MQ2 ’23Q3 ’23: $125MQ4 ’23: $142MQ1 ’24: $156MQ1 ’24Q2 ’24: $158MQ3 ’24: $168MQ4 ’24: $178MQ4 ’24Q1 ’25: $179MQ2 ’25: $189MQ3 ’25: $210MQ3 ’25Q4 ’25: $220MQ1 ’26: $226Mfilingsflow.com

Portfolio Composition

By security type
ETP: 92.4%Common Stock: 6.9%Other: 0.7%REIT: 0.0%PUBLIC: 0.0%Other: 0.0%
  • ETP · 92.4% · $209M
  • Common Stock · 6.9% · $16M
  • Other · 0.7% · $1M
  • REIT · 0.0% · $88,162
  • PUBLIC · 0.0% · $9,345
  • Other · 0.0% · $1,942

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DFAUDFAUNEW+2.4K2.4K+$107,656$107,656
DFAIDFAINEW+1.6K1.6K+$63,466$63,466
DFASNEW+890890+$63,306$63,306
DFISNEW+1.2K1.2K+$41,885$41,885
BNEW+1.0K1.0K+$40,790$40,790
DFAENEW+993993+$33,623$33,623
ETDETHNEW+1.5K1.5K+$33,390$33,390
DFLVNEW+851851+$30,389$30,389

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

Holdings — Q1 2026

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPSBETF8.43%$19M634.5K
2SPYGETF8.00%$18M184.9K
3SPYVETF7.99%$18M319.5K
4SPDWETF5.64%$13M279.8K
5SCHMETF5.49%$12M401.5K
6SPHYETF5.06%$11M491.2K
7SRLNETF4.89%$11M275.6K
8VGSHVGSHhistory →ETF4.69%$11M181.4K
9XLKETF3.63%$8M61.8K
10SCHAETF3.50%$8M272.7K
11SPEMETF2.13%$5M102.7K
12SCHPETF2.11%$5M179.5K
13SPMBETF2.08%$5M210.4K
14XLFXLFhistory →ETF2.04%$5M93.4K
15VCLTETF1.90%$4M57.5K
16ICVTETF1.86%$4M41.4K
17VSSETF1.59%$4M24.7K
18SPTLETF1.45%$3M124.8K
19GLDMETF1.41%$3M34.5K
20VWOBETF1.38%$3M47.7K
21XLREETF1.33%$3M73.9K
22XLIETF1.31%$3M18.3K
23XLVETF1.26%$3M19.4K
24MLPXETF1.20%$3M36.8K
25SJNKETF1.10%$2M99.7K
26FPEETF1.08%$2M138.2K
27FLRNETF1.02%$2M75.1K
28VCITETF1.01%$2M27.6K
29XLYETF0.98%$2M20.3K
30XLPETF0.89%$2M24.6K
31XLCXLCETF0.84%$2M17.2K
32XLUXLUETF0.65%$1M31.9K
33MSFTMSFTStock0.61%$1M3.7K
34JPSTETF0.58%$1M26.1K
35AAPLAAPLStock0.57%$1M5.0K
36XLBXLBETF0.51%$1M23.1K
37DUKDUKStock0.50%$1M8.7K
38SCHRETF0.46%$1M41.5K
39NVDANVDAStock0.41%$925,3795.3K
40LLYLLYStock0.40%$908,733988
41XLEXLEETF0.38%$862,80714.1K
42HDHDStock0.37%$839,3272.6K
43VTIPETF0.35%$794,20515.9K
44PGHYETF0.28%$639,65733.0K
45QQQETF0.25%$560,484971
46CWCWStock0.24%$553,751813
47AMZNAMZNStock0.20%$456,7362.2K
48VUGVUGETF0.19%$425,870975
49VOEETF0.17%$383,6712.1K
50LOWLOWStock0.17%$377,8121.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$226M425Apr 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$220M404Jan 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$210M395Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$189M320Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$179M292May 7, 2025RESTATEMENTchanges · EDGAR ↗
Q4 2024$178M272Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$168M285Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$158M276Aug 15, 2024RESTATEMENTchanges · EDGAR ↗
Q1 2024$156M266Apr 26, 202413F-HRchanges · EDGAR ↗
Q4 2023$142M55Feb 15, 202413F-HRchanges · EDGAR ↗
Q3 2023$125M49Oct 26, 202313F-HRchanges · EDGAR ↗
Q2 2023$123M49Jul 20, 202313F-HRchanges · EDGAR ↗
Q1 2023$117M51Apr 20, 202313F-HRchanges · EDGAR ↗
Q4 2022$116M52Jan 18, 202313F-HRchanges · EDGAR ↗
Q3 2022$112M58Oct 21, 202213F-HRchanges · EDGAR ↗
Q2 2022$130M55Jul 22, 202213F-HRchanges · EDGAR ↗
Q1 2022Under review56Apr 27, 202213F-HRchanges · EDGAR ↗
Q4 2021Under review124Jan 31, 202213F-HRchanges · EDGAR ↗
Q3 2021$152M146Oct 22, 202113F-HRchanges · EDGAR ↗
Q2 2021$138M137Jul 22, 202113F-HRchanges · EDGAR ↗
Q1 2021$114M118Apr 21, 202113F-HRchanges · EDGAR ↗
Q4 2020$110M106Jan 19, 202113F-HRchanges · EDGAR ↗
Q3 2020$103M99Nov 13, 202013F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Advisory Alpha, LLC

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 ↗.