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Livermore
Livermore
ZHEN

Horizon Investments, LLC

SEC CIK
0001560717
Latest filing
Aug 13, 2026

The latest 13F from Horizon Investments, LLC covers Q2 2026 (filed Aug 13, 2026): 1,386 long positions worth $9.04B. The top 10 holdings make up 29.0% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 Growth ETF at 7.3%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
106
Est. +$345.3M
Added
656
Est. +$767.5M
Reduced
622
Est. −$1.90B
Sold out
111
Est. −$73.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    7.3%$660.7M
  2. iShares Tr46435G326
    3.6%$322.9M
  3. NVDANVIDIA Corp
    3.2%$285.5MHistory
  4. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    2.6%$231.0M
  5. AAPLApple Inc.
    2.5%$229.2MHistory

Share of portfolio

Top 5 holdings and the other 1,381 positions, by share of portfolio value

  1. State Street SPDR Portfolio S&P 500 Growth ETF7.3%
  2. iShares Tr3.6%
  3. NVDA3.2%
  4. State Street SPDR Portfolio Developed World Ex-US ETF2.6%
  5. AAPL2.5%
  6. Other 1,381 positions80.9%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464288182
    +$77.6MNew
  2. iShares Semiconductor ETF464287523
    +$64.9MNew
  3. Ssga Active ETF Tr78467V608
    +$48.3MAdded
  4. State Street Communication Services Select Sector SPDR ETF81369Y852
    +$43.2MAdded
  5. DBX ETF Tr233051432
    +$38.3MAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. iShares Tr464288182
    +0.86 pp0.0% → 0.9%
  2. iShares Semiconductor ETF464287523
    +0.72 pp0.0% → 0.7%
  3. Ssga Active ETF Tr78467V608
    +0.53 pp<0.1% → 0.5%
  4. GOOGLAlphabet Inc.
    +0.53 pp1.6% → 2.1%History
  5. State Street Communication Services Select Sector SPDR ETF81369Y852
    +0.46 pp0.4% → 0.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$180.2MReduced
  2. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −$138.8MReduced
  3. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −$99.5MReduced
  4. iShares Core Dividend Growth ETF46434V621
    −$61.8MReduced
  5. Dimensional Emerging Core Equity Market ETF25434V302
    −$56.6MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −2.02 pp2.2% → 0.1%
  2. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −1.33 pp3.4% → 2.1%
  3. iShares Core Dividend Growth ETF46434V621
    −0.64 pp0.6% → <0.1%
  4. Vanguard Dividend Appreciation ETF921908844
    −0.47 pp1.1% → 0.6%
  5. American Centy ETF Tr025072802
    −0.45 pp0.6% → 0.1%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$9.04B
+$118.2M (+1.3%) vs. prior quarter
Positions
1,386
−5 vs. prior quarter
Top 10 concentration
29.0%
Top 10 as share of value
Turnover
12.4%
Q2 2026, one quarter
Average holding period
17.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $9.04B (Q2 2026)

Q1 2021: $2.72BQ2 2021: $3.34BQ3 2021: $3.23BQ4 2021: $3.35BQ1 2022: $3.52BQ2 2022: $3.09BQ3 2022: $3.22BQ4 2022: $3.48BQ1 2023: $3.38BQ2 2023: $3.48BQ3 2023: $3.29BQ4 2023: $3.59BQ1 2024: $3.81BQ2 2024: $3.62BQ3 2024: $3.77BQ4 2024: $3.49BQ1 2025: $3.36BQ2 2025: $6.31BQ3 2025: $7.61BQ4 2025: $7.89BQ1 2026: $8.92BQ2 2026: $9.04B
Q1 2021Q2 2026
13F filings of Horizon Investments, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 20261,386$9.04BState Street SPDR Portfolio S&P 500 Growth ETFiShares TrNVDAvs. Q1 2026SEC
Q1 2026May 15, 20261,391$8.92BState Street SPDR Portfolio S&P 500 Growth ETFiShares TrState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2025SEC
Q4 2025Feb 2, 20261,291$7.89BState Street SPDR Portfolio S&P 500 Growth ETFiShares TrNVDAvs. Q3 2025SEC
Q3 2025Nov 14, 20251,163$7.61BState Street SPDR Portfolio S&P 500 Growth ETFiShares TrNVDAvs. Q2 2025SEC
Q2 2025Aug 14, 20251,099$6.31BState Street SPDR Portfolio S&P 500 Growth ETFiShares TrState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2025SEC
Q1 2025May 13, 2025854$3.36BState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFiShares Trvs. Q4 2024SEC
Q4 2024Feb 10, 2025859$3.49BState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio Developed World Ex-US ETFvs. Q3 2024SEC
Q3 2024Nov 13, 2024831$3.77BState Street SPDR Portfolio S&P 500 Growth ETFiShares MSCI USA Quality Factor ETFState Street SPDR Portfolio Developed World Ex-US ETFvs. Q2 2024SEC
Q2 2024Aug 9, 2024818$3.62BState Street SPDR Portfolio S&P 500 Growth ETFiShares MSCI USA Quality Factor ETFInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024May 15, 2024805$3.81BState Street SPDR Portfolio S&P 500 Growth ETFiShares MSCI USA Quality Factor ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2023SEC
Q4 2023Feb 14, 2024804$3.59BState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFiShares MSCI USA Quality Factor ETFvs. Q3 2023SEC
Q3 2023Nov 14, 2023783$3.29BiShares MSCI USA Quality Factor ETFState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio Developed World Ex-US ETFvs. Q2 2023SEC
Q2 2023Aug 14, 2023763$3.48BiShares MSCI USA Quality Factor ETFState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR Portfolio S&P 500 Growth ETFvs. Q1 2023SEC
Q1 2023May 15, 2023757$3.38BInvesco QQQ Trust Series IState Street SPDR Portfolio Developed World Ex-US ETFiShares MSCI USA Quality Factor ETFvs. Q4 2022SEC
Q4 2022Feb 14, 2023527$3.48BState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares Core S&P Small Cap ETFState Street SPDR Portfolio S&P 500 Growth ETFvs. Q3 2022SEC
Q3 2022Nov 14, 2022478$3.22BState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares Core S&P Small Cap ETFInvesco QQQ Trust Series Ivs. Q2 2022SEC
Q2 2022Aug 12, 2022457$3.09BState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street SPDR Portfolio S&P 500 Value ETFInvesco QQQ Trust Series Ivs. Q1 2022SEC
Q1 2022May 16, 2022511$3.52BState Street SPDR Portfolio Developed World Ex-US ETFInvesco QQQ Trust Series IInvesco Exchange Traded FD Tvs. Q4 2021SEC
Q4 2021Feb 15, 2022458$3.35BiShares Core MSCI Total International Stock ETFState Street SPDR Portfolio Developed World Ex-US ETFiShares MSCI USA Min Vol Factor ETFvs. Q3 2021SEC
Q3 2021Nov 15, 2021468$3.23BiShares MSCI USA Quality Factor ETFInvesco QQQ Trust Series IiShares MSCI USA Min Vol Factor ETFvs. Q2 2021SEC
Q2 2021Aug 13, 2021454$3.34BiShares Select Dividend ETFState Street SPDR Portfolio S&P 500 Value ETFInvesco Exchange Traded FD Tvs. Q1 2021SEC
Q1 2021May 14, 2021429$2.72BInvesco Exchange Traded FD TiShares Select Dividend ETFState Street SPDR Portfolio Developed World Ex-US ETF–SEC