HORIZON FINANCIAL SERVICES, LLC Q4 2025 Filing

Filed January 12, 2026

Portfolio Value

$219.8M

Holdings

404

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (404 positions)

#	Stock	Shares	Value	% Portfolio
1	SPYGSPYG	207,357	$22.1M	10.07%
2	SPYVSPYV	353,399	$20.1M	9.14%
3	SPSBSPSB	549,960	$16.6M	7.56%
4	SCHMSCHM	498,477	$15.0M	6.82%
5	SPDWSPDW	274,991	$12.2M	5.56%
6	VGSHVGSH	183,941	$10.8M	4.92%
7	SPHYSPHY	389,582	$9.2M	4.20%
8	SRLNSRLN	221,016	$9.1M	4.15%
9	XLKXLK	58,318	$8.4M	3.82%
10	SCHASCHA	262,982	$7.5M	3.41%
11	CYDYCYDY	18,200	$5.0M	2.28%
12	SPMBSPMB	213,188	$4.8M	2.17%
13	VCLTVCLT	56,005	$4.2M	1.93%
14	ICVTICVT	41,750	$4.1M	1.87%
15	SPEMSPEM	78,552	$3.7M	1.67%
16	SCHPSCHP	134,740	$3.6M	1.62%
17	VSSVSS	24,483	$3.5M	1.60%
18	XLIXLI	22,617	$3.5M	1.60%
19	XLFXLF	62,313	$3.4M	1.55%
20	SPTLSPTL	121,363	$3.2M	1.46%
21	VWOBVWOB	46,957	$3.2M	1.44%
22	GLDMGLDM	36,625	$3.1M	1.42%
23	XLREXLRE	75,747	$3.1M	1.39%
24	XLVXLV	18,692	$2.9M	1.32%
25	XLCXLC	23,303	$2.7M	1.25%
26	FLRNFLRN	87,341	$2.7M	1.22%
27	XFEBFPE	136,533	$2.5M	1.13%
28	XLYXLY	18,845	$2.3M	1.02%
29	SJNKSJNK	88,469	$2.2M	1.02%
30	MLPXMLPX	35,131	$2.1M	0.97%
31	VCITVCIT	21,082	$1.8M	0.80%
32	JPSTJPST	29,527	$1.5M	0.68%
33	XLFIXLP	17,403	$1.4M	0.61%
34	SCHRSCHR	50,629	$1.3M	0.58%
35	AAPLAAPL	4,097	$1.1M	0.51%
36	MSFTMSFT	2,194	$1.1M	0.48%
37	XLEXLE	23,156	$1.0M	0.47%
38	DUKDUK	8,690	$1.0M	0.46%
39	LLYLLY	929	$998K	0.45%
40	XLBXLB	21,669	$982K	0.45%
41	XLUXLU	21,967	$937K	0.43%
42	HDHD	2,542	$874K	0.40%
43	NVDANVDA	3,999	$745K	0.34%
44	—LH	2,820	$707K	0.32%
45	PGHYPGHY	31,219	$621K	0.28%
46	—QQQ	974	$598K	0.27%
47	AMZNAMZN	2,211	$510K	0.23%
48	VTIPVTIP	9,840	$486K	0.22%
49	VUGVUG	975	$475K	0.22%
50	CWCW	813	$448K	0.20%
51	LOWLOW	1,593	$384K	0.17%
52	APHAPH	2,800	$378K	0.17%
53	COFCOF	1,178	$285K	0.13%
54	AVGOAVGO	815	$282K	0.13%
55	VGTVGT	374	$281K	0.13%
56	AONAON	771	$272K	0.12%
57	BSJQBSJQ	11,425	$266K	0.12%
58	TT	10,244	$254K	0.12%
59	EMHYEMHY	5,922	$239K	0.11%
60	VOEVOE	1,167	$206K	0.09%
61	GPCGPC	1,554	$191K	0.09%
62	UNHUNH	579	$191K	0.09%
63	CMBSCMBS	3,283	$161K	0.07%
64	GEGE	508	$156K	0.07%
65	GOOGGOOG	491	$154K	0.07%
66	VOTVOT	521	$145K	0.07%
67	NSCNSC	495	$143K	0.07%
68	METAMETA	209	$137K	0.06%
69	IJHIJH	1,917	$126K	0.06%
70	BABBAB	4,361	$118K	0.05%
71	IAGGIAGG	2,363	$118K	0.05%
72	IBMIBM	395	$117K	0.05%
73	CVXCVX	772	$117K	0.05%
74	BSJRBSJR	4,880	$110K	0.05%
75	RYRY	615	$104K	0.05%
76	SOSO	1,188	$103K	0.05%
77	AMATAMAT	400	$102K	0.05%
78	CMCSACMCSA	3,428	$102K	0.05%
79	ENBENB	1,953	$93K	0.04%
80	ACHRACHR	11,885	$89K	0.04%
81	DELLDELL	713	$89K	0.04%
82	MMMMMM	554	$88K	0.04%
83	VBKVBK	288	$87K	0.04%
84	INTCINTC	2,341	$86K	0.04%
85	GOOGLGOOGL	277	$86K	0.04%
86	VV	236	$82K	0.04%
87	CRMCRM	309	$81K	0.04%
88	SCHGSCHG	2,332	$76K	0.03%
89	VBRVBR	359	$76K	0.03%
90	TSLATSLA	168	$75K	0.03%
91	JPMJPM	234	$75K	0.03%
92	STNCSTNC	2,248	$74K	0.03%
93	GEVGEV	113	$73K	0.03%
94	BRK/BBRK/B	143	$71K	0.03%
95	SCHVSCHV	2,244	$66K	0.03%
96	MAMA	105	$59K	0.03%
97	REETREET	2,331	$58K	0.03%
98	BXBX	366	$56K	0.03%
99	SUBSUB	471	$50K	0.02%
100	MUBMUB	439	$47K	0.02%

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