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Livermore
Livermore
ZHEN

Horizon Wealth Management, LLC

SEC CIK
0001815123
Latest filing
Aug 6, 2026

The latest 13F from Horizon Wealth Management, LLC covers Q2 2026 (filed Aug 6, 2026): 148 long positions worth $784.5M. The top 10 holdings make up 48.1% of the portfolio, and the largest is iShares Tr at 7.3%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 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
21
Est. +$146.5M
Added
68
Est. +$60.1M
Reduced
35
Est. −$121.9M
Sold out
10
Est. −$78.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr46434V787
    7.3%$56.9M
  2. State Street Technology Select Sector SPDR ETF81369Y803
    6.1%$47.8M
  3. iShares Tr464288257
    5.5%$42.9M
  4. State Street Industrial Select Sector SPDR ETF81369Y704
    5.4%$42.6M
  5. Invesco Nasdaq 100 ETF46138G649
    4.5%$35.4M

Share of portfolio

Top 5 holdings and the other 143 positions, by share of portfolio value

  1. iShares Tr7.3%
  2. State Street Technology Select Sector SPDR ETF6.1%
  3. iShares Tr5.5%
  4. State Street Industrial Select Sector SPDR ETF5.4%
  5. Invesco Nasdaq 100 ETF4.5%
  6. Other 143 positions71.3%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464288257
    +$42.9MNew
  2. State Street Financial Select Sector SPDR ETF81369Y605
    +$30.2MNew
  3. iShares Semiconductor ETF464287523
    +$25.7MNew
  4. State Street Industrial Select Sector SPDR ETF81369Y704
    +$21.2MAdded
  5. State Street Materials Select Sector SPDR ETF81369Y100
    +$17.3MNew

Largest weight increases

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

  1. iShares Tr464288257
    +5.47 pp0.0% → 5.5%
  2. State Street Financial Select Sector SPDR ETF81369Y605
    +3.85 pp0.0% → 3.8%
  3. iShares Semiconductor ETF464287523
    +3.27 pp0.0% → 3.3%
  4. State Street Industrial Select Sector SPDR ETF81369Y704
    +2.69 pp2.7% → 5.4%
  5. State Street Materials Select Sector SPDR ETF81369Y100
    +2.21 pp0.0% → 2.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. VanEck Semiconductor ETF92189F676
    −$39.3MReduced
  2. Harris Oakmark ETF Trust41456U106
    −$37.8MReduced
  3. State Street Energy Select Sector SPDR ETF81369Y506
    −$17.8MSold out
  4. State Street SPDR S&P Aerospace & Defense ETF78464A631
    −$16.7MSold out
  5. State Street Utilities Select Sector SPDR ETF81369Y886
    −$14.7MSold out

Largest weight decreases

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

  1. Harris Oakmark ETF Trust41456U106
    −5.42 pp5.5% → 0.1%
  2. VanEck Semiconductor ETF92189F676
    −3.24 pp3.6% → 0.4%
  3. State Street Energy Select Sector SPDR ETF81369Y506
    −2.61 pp2.6% → 0.0%
  4. State Street SPDR S&P Aerospace & Defense ETF78464A631
    −2.44 pp2.4% → 0.0%
  5. iShares Inc46434G855
    −2.42 pp3.1% → 0.7%

Metrics

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

Portfolio value
$784.5M
+$102.3M (+15.0%) vs. prior quarter
Positions
148
+11 vs. prior quarter
Top 10 concentration
48.1%
Top 10 as share of value
Turnover
27.4%
Q2 2026, one quarter
Average holding period
7.8 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $784.5M (Q2 2026)

Q4 2021: $343.0MQ1 2022: $321.8MQ2 2022: $241.4MQ3 2022: $136.4MQ4 2022: $122.7MQ1 2023: $133.3MQ2 2023: $253.6MQ3 2023: $248.9MQ4 2023: $359.6MQ1 2024: $383.3MQ2 2024: $419.8MQ3 2024: $501.0MQ4 2024: $574.8MQ1 2025: $593.2MQ2 2025: $569.4MQ3 2025: $681.1MQ4 2025: $644.1MQ1 2026: $682.2MQ2 2026: $784.5M
Q4 2021Q2 2026
13F filings of Horizon Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 6, 2026148$784.5MiShares TrState Street Technology Select Sector SPDR ETFiShares Trvs. Q1 2026SEC
Q1 2026Apr 24, 2026137$682.2MiShares TrHarris Oakmark ETF TrustState Street Technology Select Sector SPDR ETFvs. Q4 2025SEC
Q4 2025Feb 4, 2026127$644.1MPIMCO ETF TrState Street Technology Select Sector SPDR ETFNatixis ETF Trvs. Q3 2025SEC
Q3 2025Nov 6, 2025126$681.1MiShares TrPIMCO ETF TrInvesco S&P 500 Equal Weight Technology ETFvs. Q2 2025SEC
Q2 2025Aug 4, 2025109$569.4MInvesco QQQ Trust Series IPgim ETF TrWisdomTree Trvs. Q1 2025SEC
Q1 2025Apr 11, 2025104$593.2MSPDR Series TrustInvesco QQQ Trust Series IWisdomTree Trvs. Q4 2024SEC
Q4 2024Jan 13, 2025102$574.8MState Street SPDR Portfolio S&P 500 ETFSPDR Series TrustInvesco QQQ Trust Series Ivs. Q3 2024SEC
Q3 2024Oct 16, 202486$501.0MState Street SPDR Portfolio S&P 500 ETFInvesco Exchange Traded FD TWisdomTree Trvs. Q2 2024SEC
Q2 2024Jul 22, 202482$419.8MState Street SPDR Portfolio S&P 500 ETFInvesco QQQ Trust Series IBlackRock ETF Trustvs. Q1 2024SEC
Q1 2024Apr 18, 202488$383.3MState Street SPDR Portfolio S&P 500 ETFInvesco QQQ Trust Series IDIAvs. Q4 2023SEC
Q4 2023Jan 22, 202482$359.6MState Street SPDR Portfolio S&P 500 ETFInvesco QQQ Trust Series IDIAvs. Q3 2023SEC
Q3 2023Oct 25, 202378$248.9MState Street SPDR Portfolio S&P 500 ETFInvesco QQQ Trust Series IDIAvs. Q2 2023SEC
Q2 2023Jul 31, 202383$253.6MState Street SPDR Portfolio S&P 500 ETFInvesco QQQ Trust Series ISPDR Series Trustvs. Q1 2023SEC
Q1 2023May 11, 202377$133.3MInvesco Nasdaq 100 ETFPIMCO ETF TrVanguard Morningstar Total Stock Market ETFvs. Q4 2022SEC
Q4 2022Feb 9, 202369$122.7MInvesco Exch Traded FD Tr IIVanguard Morningstar Total Stock Market ETFPIMCO ETF Trvs. Q3 2022SEC
Q3 2022Nov 18, 202271$136.4MAAPLInvesco Exchange Traded FD TVanguard Morningstar Total Stock Market ETFvs. Q2 2022SEC
Q2 2022Aug 2, 2022111$241.4MInvesco Exchange Traded FD TAAPLSPDR Series Trustvs. Q1 2022SEC
Q1 2022May 12, 2022107$321.8MInvesco Exchange Traded FD TSPDR Series TrustInvesco QQQ Trust Series Ivs. Q4 2021SEC
Q4 2021Feb 14, 2022106$343.0MInvesco Exchange Traded FD TInvesco QQQ Trust Series ISPDR Series Trust–SEC