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Livermore
Livermore
ZHEN

Horizons Wealth Management

SEC CIK
0001943228
Latest filing
Apr 2, 2026

The latest 13F from Horizons Wealth Management covers Q1 2026 (filed Apr 2, 2026): 166 long positions worth $150.3M. The top 10 holdings make up 59.2% of the portfolio, and the largest is Vanguard Morningstar Large-Cap ETF at 10.3%. Livermore has 16 filings on Form 13F from this institution, going back to Q2 2022.

What changed in Q1 2026

Share counts compared with Q4 2025: 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
3
Est. +$51.9K
Added
20
Est. +$1.72M
Reduced
35
Est. −$1.72M
Sold out
2
Est. −$18.8K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Large-Cap ETF922908637
    10.3%$15.4M
  2. Vanguard Ftse Developed Markets ETF921943858
    9.1%$13.6M
  3. Vanguard Morningstar Mid-Cap ETF922908629
    7.4%$11.1M
  4. Vanguard Morningstar Small-Cap ETF922908751
    7.0%$10.6M
  5. Vanguard Real Estate ETF922908553
    6.9%$10.4M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares MSCI Eafe ETF464287465
    +$214.8KAdded
  2. Invesco Exch TRD SLF Idx FD46138J643
    +$199.3KAdded
  3. Invesco Exch TRD SLF Idx FD46138J577
    +$189.0KAdded
  4. Vanguard Real Estate ETF922908553
    +$162.5KAdded
  5. iShares Tr46435G672
    +$161.7KAdded

Largest weight increases

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

  1. iShares MSCI Eafe ETF464287465
    +0.16 pp1.4% → 1.6%
  2. Vanguard Real Estate ETF922908553
    +0.13 pp6.8% → 6.9%
  3. Invesco Exch TRD SLF Idx FD46138J643
    +0.11 pp2.6% → 2.7%
  4. iShares Tr46435G672
    +0.11 pp1.0% → 1.1%
  5. Invesco Exch TRD SLF Idx FD46138J577
    +0.10 pp2.7% → 2.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Ftse Developed Markets ETF921943858
    −$376.3KReduced
  2. BRK.BBerkshire Hathaway Inc
    −$227.6KReducedHistory
  3. Vanguard Morningstar Small-Cap ETF922908751
    −$180.5KReduced
  4. iShares Tr46435G425
    −$158.0KReduced
  5. Vanguard Total International Bond ETF92203J407
    −$139.0KReduced

Largest weight decreases

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

  1. BRK.BBerkshire Hathaway Inc
    −0.17 pp0.5% → 0.3%History
  2. iShares Tr46435G425
    −0.12 pp0.2% → 0.1%
  3. Vanguard Total International Bond ETF92203J407
    −0.11 pp3.8% → 3.6%
  4. GOOGLAlphabet Inc.
    −0.06 pp0.5% → 0.4%History
  5. iShares Select U.S. REIT ETF464287564
    −0.06 pp0.6% → 0.5%

Metrics

13F metrics for Q1 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$150.3M
−$23.9K (0.0%) vs. prior quarter
Positions
166
+1 vs. prior quarter
Top 10 concentration
59.2%
Top 10 as share of value
Turnover
1.2%
Q1 2026, one quarter
Average holding period
15.1 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 (Q2 2022), so positions held before then are understated.

13F filings by quarter

16 quarters, going back to Q2 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $152.6M (Q4 2023)

Q2 2022: $122.3MQ3 2022: $108.6MQ4 2022: $125.1MQ1 2023: $136.3MQ2 2023: $141.0MQ3 2023: $137.2MQ4 2023: $152.6MQ1 2024: $152.6MQ2 2024: $125.4MQ3 2024: $129.2MQ4 2024: $129.0MQ1 2025: $132.4MQ2 2025: $138.2MQ3 2025: $145.7MQ4 2025: $150.4MQ1 2026: $150.3M
Q2 2022Q1 2026
13F filings of Horizons Wealth Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2026Apr 2, 2026166$150.3MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap ETFvs. Q4 2025SEC
Q4 2025Jan 5, 2026165$150.4MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap ETFvs. Q3 2025SEC
Q3 2025Oct 3, 2025168$145.7MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap ETFvs. Q2 2025SEC
Q2 2025Jul 7, 2025176$138.2MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap ETFvs. Q1 2025SEC
Q1 2025Apr 10, 2025177$132.4MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Real Estate ETFvs. Q4 2024SEC
Q4 2024Jan 7, 2025168$129.0MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Real Estate ETFvs. Q3 2024SEC
Q3 2024Oct 8, 2024172$129.2MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Real Estate ETFvs. Q2 2024SEC
Q2 2024Jul 22, 2024173$125.4MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Real Estate ETFvs. Q1 2024SEC
Q1 2024Apr 3, 2024182$152.6MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Real Estate ETFvs. Q4 2023SEC
Q4 2023Jan 8, 2024182$152.6MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Real Estate ETFvs. Q3 2023SEC
Q3 2023Oct 12, 2023185$137.2MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Real Estate ETFvs. Q2 2023SEC
Q2 2023Jul 3, 2023213$141.0MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Real Estate ETFvs. Q1 2023SEC
Q1 2023Apr 6, 2023169$136.3MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Real Estate ETFvs. Q4 2022SEC
Q4 2022Jan 3, 2023171$125.1MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Real Estate ETFvs. Q3 2022SEC
Q3 2022Oct 4, 2022166$108.6MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFVanguard Real Estate ETFvs. Q2 2022SEC
Q2 2022Aug 19, 2022166$122.3MVanguard Morningstar Large-Cap ETFVanguard Real Estate ETFVanguard Ftse Developed Markets ETF–SEC