HORIZON FINANCIAL SERVICES, LLC Q3 2025 Filing

Filed November 12, 2025

Portfolio Value

$209.6M

Holdings

395

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (395 positions)

#	Stock	Shares	Value	% Portfolio
1	SPYGSPYG	207,251	$21.7M	10.33%
2	SPYVSPYV	345,682	$19.1M	9.12%
3	SPSBSPSB	514,153	$15.6M	7.43%
4	SCHMSCHM	501,838	$14.9M	7.10%
5	SPDWSPDW	277,011	$11.9M	5.65%
6	VGSHVGSH	181,881	$10.7M	5.11%
7	SPHYSPHY	365,020	$8.7M	4.17%
8	SRLNSRLN	207,141	$8.6M	4.11%
9	SCHASCHA	259,393	$7.2M	3.45%
10	XLKXLK	25,625	$7.2M	3.45%
11	SPMBSPMB	205,354	$4.6M	2.20%
12	ICVTICVT	41,739	$4.2M	1.99%
13	VCLTVCLT	52,924	$4.1M	1.96%
14	XLIXLI	25,953	$4.0M	1.91%
15	SPEMSPEM	78,239	$3.7M	1.75%
16	VSSVSS	24,758	$3.5M	1.68%
17	SCHPSCHP	129,934	$3.5M	1.67%
18	GLDMGLDM	42,448	$3.2M	1.55%
19	SPTLSPTL	119,682	$3.2M	1.54%
20	VWOBVWOB	45,314	$3.0M	1.45%
21	XLREXLRE	71,445	$3.0M	1.44%
22	XLCXLC	20,434	$2.4M	1.15%
23	XFEBFPE	132,143	$2.4M	1.15%
24	XLVXLV	16,999	$2.4M	1.13%
25	FLRNFLRN	76,302	$2.4M	1.12%
26	MLPXMLPX	34,742	$2.2M	1.04%
27	SJNKSJNK	70,028	$1.8M	0.86%
28	JPSTJPST	31,968	$1.6M	0.77%
29	VCITVCIT	19,185	$1.6M	0.77%
30	XLFIXLP	20,392	$1.6M	0.76%
31	XLYXLY	6,279	$1.5M	0.72%
32	XLFXLF	26,018	$1.4M	0.67%
33	SCHRSCHR	47,021	$1.2M	0.56%
34	MSFTMSFT	2,238	$1.2M	0.55%
35	DUKDUK	9,260	$1.1M	0.55%
36	XLEXLE	12,087	$1.1M	0.52%
37	HDHD	2,581	$1.0M	0.50%
38	AAPLAAPL	3,793	$966K	0.46%
39	XLUXLU	10,029	$875K	0.42%
40	XLBXLB	9,465	$848K	0.40%
41	—LH	2,820	$810K	0.39%
42	LLYLLY	921	$703K	0.34%
43	NVDANVDA	3,660	$683K	0.33%
44	PGHYPGHY	29,367	$587K	0.28%
45	VUGVUG	997	$478K	0.23%
46	VTIPVTIP	9,269	$469K	0.22%
47	CWCW	813	$441K	0.21%
48	AMZNAMZN	1,978	$434K	0.21%
49	LOWLOW	1,656	$416K	0.20%
50	BSJPBSJP	16,402	$378K	0.18%
51	APHAPH	2,800	$347K	0.17%
52	TT	10,119	$286K	0.14%
53	VGTVGT	381	$284K	0.14%
54	AONAON	771	$275K	0.13%
55	AVGOAVGO	778	$257K	0.12%
56	COFCOF	1,157	$246K	0.12%
57	—QQQ	379	$228K	0.11%
58	GPCGPC	1,554	$215K	0.10%
59	BSJQBSJQ	8,730	$204K	0.10%
60	UNHUNH	579	$200K	0.10%
61	ENBENB	3,670	$185K	0.09%
62	EMHYEMHY	4,650	$185K	0.09%
63	VOEVOE	999	$174K	0.08%
64	GEGE	502	$151K	0.07%
65	NSCNSC	493	$148K	0.07%
66	CMBSCMBS	2,992	$147K	0.07%
67	METAMETA	185	$136K	0.06%
68	VOTVOT	447	$131K	0.06%
69	CVXCVX	772	$120K	0.06%
70	ACHRACHR	11,885	$114K	0.05%
71	SOSO	1,188	$113K	0.05%
72	BABBAB	4,089	$112K	0.05%
73	IBMIBM	388	$109K	0.05%
74	IAGGIAGG	2,108	$108K	0.05%
75	CMCSACMCSA	3,428	$108K	0.05%
76	GOOGGOOG	440	$107K	0.05%
77	DELLDELL	700	$99K	0.05%
78	RYRY	615	$91K	0.04%
79	GOOGLGOOGL	355	$86K	0.04%
80	MMMMMM	554	$86K	0.04%
81	SCHGSCHG	2,638	$84K	0.04%
82	AMATAMAT	400	$82K	0.04%
83	VV	238	$81K	0.04%
84	INTCINTC	2,341	$79K	0.04%
85	CRMCRM	320	$76K	0.04%
86	JPMJPM	234	$74K	0.04%
87	STNCSTNC	2,248	$73K	0.04%
88	VBKVBK	244	$73K	0.03%
89	GEVGEV	113	$69K	0.03%
90	BRK/BBRK/B	138	$69K	0.03%
91	SCHVSCHV	2,244	$65K	0.03%
92	VBRVBR	303	$63K	0.03%
93	MAMA	111	$63K	0.03%
94	BXBX	366	$63K	0.03%
95	TSLATSLA	132	$59K	0.03%
96	GSGS	72	$58K	0.03%
97	REETREET	2,045	$52K	0.02%
98	SUBSUB	471	$50K	0.02%
99	ASGNASGN	1,032	$49K	0.02%
100	MUBMUB	439	$47K	0.02%

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