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Livermore
Livermore
ZHEN

Horizon Financial Services, LLC

SEC CIK
0001674020
Latest filing
Jul 20, 2026

The latest 13F from Horizon Financial Services, LLC covers Q2 2026 (filed Jul 20, 2026): 605 long positions worth $260.8M. The top 10 holdings make up 56.8% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 Growth ETF at 8.4%. Livermore has 24 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
233
Est. +$5.83M
Added
204
Est. +$16.5M
Reduced
42
Est. −$4.62M
Sold out
10
Est. −$3.41M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    8.4%$21.9M
  2. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    7.8%$20.2M
  3. State Street SPDR Portfolio Short Term Corporate Bond ETF78464A474
    7.6%$19.9M
  4. Schwab U.S. Mid-Cap ETF808524508
    5.7%$14.9M
  5. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    5.5%$14.2M

Biggest buys

New and added positions, by estimated amount bought

  1. GLDMWorld Gold Trust
    +$2.84MNewHistory
  2. State Street Technology Select Sector SPDR ETF81369Y803
    +$1.83MAdded
  3. State Street SPDR Portfolio Short Term Corporate Bond ETF78464A474
    +$817.2KAdded
  4. CATCaterpillar Inc
    +$807.2KAddedHistory
  5. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    +$788.0KAdded

Largest weight increases

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

  1. State Street Technology Select Sector SPDR ETF81369Y803
    +1.59 pp3.6% → 5.2%
  2. GLDMWorld Gold Trust
    +1.09 pp0.0% → 1.1%History
  3. Schwab U.S. Small-Cap ETF808524607
    +0.39 pp3.5% → 3.9%
  4. CATCaterpillar Inc
    +0.31 pp<0.1% → 0.3%History
  5. Schwab U.S. Mid-Cap ETF808524508
    +0.24 pp5.5% → 5.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GLDMWorld Gold Trust
    −$3.20MSold outHistory
  2. Ssga Active ETF Tr78467V608
    −$684.1KReduced
  3. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    −$673.5KReduced
  4. SPDR Series Trust78468R408
    −$652.0KReduced
  5. State Street Utilities Select Sector SPDR ETF81369Y886
    −$640.2KReduced

Largest weight decreases

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

  1. GLDMWorld Gold Trust
    −1.41 pp1.4% → 0.0%History
  2. Ssga Active ETF Tr78467V608
    −0.89 pp4.9% → 4.0%
  3. SPDR Series Trust78468R408
    −0.39 pp1.1% → 0.7%
  4. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    −0.39 pp1.0% → 0.6%
  5. SPDR Series Trust78468R200
    −0.36 pp1.0% → 0.7%

Metrics

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

Portfolio value
$260.8M
+$34.5M (+15.3%) vs. prior quarter
Positions
605
+223 vs. prior quarter
Top 10 concentration
56.8%
Top 10 as share of value
Turnover
3.3%
Q2 2026, one quarter
Average holding period
15.6 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 $260.8M (Q2 2026)

Q1 2021: $114.1MQ2 2021: $137.9MQ3 2021: $151.9MQ4 2021: $164.8MQ1 2022: $156.9MQ2 2022: $129.7MQ3 2022: $112.4MQ4 2022: $115.8MQ1 2023: $116.7MQ2 2023: $122.8MQ3 2023: $124.5MQ4 2023: $141.7MQ1 2024: $155.8MQ2 2024: $158.3MQ3 2024: $168.3MQ4 2024: $177.8MQ1 2025: $179.4MQ2 2025: $188.6MQ3 2025: $209.6MQ4 2025: $219.8MQ1 2026: $226.2MQ2 2026: $260.8M
Q1 2021Q2 2026
13F filings of Horizon Financial Services, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 2026605$260.8MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio Short Term Corporate Bond ETFvs. Q1 2026SEC
Q1 2026Apr 15, 2026382$226.2MState Street SPDR Portfolio Short Term Corporate Bond ETFState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2025SEC
Q4 2025Jan 12, 2026366$219.8MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio Short Term Corporate Bond ETFvs. Q3 2025SEC
Q3 2025Nov 12, 2025356$209.6MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio Short Term Corporate Bond ETFvs. Q2 2025SEC
Q2 2025Aug 12, 2025320$188.6MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio Short Term Corporate Bond ETFvs. Q1 2025SEC
Q1 2025May 7, 2025Amended292$179.4MState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio Short Term Corporate Bond ETFvs. Q4 2024SEC
Q4 2024Feb 12, 2025255$177.8MVanguard Scottsdale FDSState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2024SEC
Q3 2024Nov 13, 2024270$168.3MState Street SPDR Portfolio S&P 500 Growth ETFVanguard Scottsdale FDSState Street SPDR Portfolio S&P 500 Value ETFvs. Q2 2024SEC
Q2 2024Aug 15, 2024Amended266$158.3MState Street SPDR Portfolio S&P 500 Growth ETFVanguard Scottsdale FDSState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2024SEC
Q1 2024Apr 26, 2024261$155.8MVanguard Scottsdale FDSState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2023SEC
Q4 2023Feb 15, 202455$141.7MVanguard Scottsdale FDSState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2023SEC
Q3 2023Oct 26, 202349$124.5MVanguard Scottsdale FDSState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q2 2023SEC
Q2 2023Jul 20, 202349$122.8MVanguard Scottsdale FDSState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2023SEC
Q1 2023Apr 20, 202351$116.7MVanguard Scottsdale FDSState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2022SEC
Q4 2022Jan 18, 202352$115.8MState Street SPDR Portfolio S&P 500 Growth ETFVanguard Scottsdale FDSState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2022SEC
Q3 2022Oct 21, 202258$112.4MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFiShares Trvs. Q2 2022SEC
Q2 2022Jul 22, 202255$129.7MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFiShares Trvs. Q1 2022SEC
Q1 2022Apr 27, 202256$156.9MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFiShares Trvs. Q4 2021SEC
Q4 2021Jan 31, 2022124$164.8MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q3 2021SEC
Q3 2021Oct 22, 2021145$151.9MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q2 2021SEC
Q2 2021Jul 22, 2021136$137.9MState Street SPDR Portfolio S&P 500 Growth ETFiShares TrState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2021SEC
Q1 2021Apr 21, 2021117$114.1MVanguard Total Bond Market ETFWisdomTree TrVanguard Information Technology ETF–SEC