Institutional Manager · CIK 0001560717

Horizon Investments, LLC

Charlotte, NC · File #028-15165

Latest AUM

$7.89B

Positions

1,322

Top-10 Concentration

54.6%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	SPDR SERIES TRUST STATE STREET	78464A409	-5,096,968	-$543.8M	+$11.5M
REDUCE	SPDR SERIES TRUST STATE STREET	78464A508	-3,303,965	-$187.7M	+$5.2M
ADD	LISTED FDS TR ROUNDHILL MAGNIF	53656G498	+1,587,730	+$104.7M	+$596,760
REDUCE	ISHARES TR CHINA LG-CAP ETF	464287184	-1,999,981	-$76.6M	+$76.5M
REDUCE	ISHARES TR CORE MSCI INTL	46435G326	-500,707	-$41.3M	+$10.1M
REDUCE	META PLATFORMS INC CL A	META	-61,065	-$40.3M	-$12.3M
EXITED	ISHARES BITCOIN TRUST ETF SHS	46438F101	-586,779	-$38.1M	$0
ADD	ISHARES INC MSCI STH KOR ETF	464286772	+384,387	+$37.4M	+$154
ADD	ISHARES TR JPMORGAN USD EMG	464288281	+316,095	+$30.4M	+$6
ADD	ELI LILLY CO COM	LLY	+23,285	+$25.0M	+$10.0M

Sector Allocation

Technology

14.6%$1.15B

Healthcare

5.3%$417.2M

Financials

5.1%$401.3M

Consumer Discretionary

4.2%$328.3M

Industrials

3.8%$302.6M

Energy

2.2%$176.1M

Consumer Staples

1.7%$131.4M

Communication Services

1.7%$131.2M

Materials

1.1%$87.7M

Real Estate

0.9%$68.5M

Utilities

0.7%$57.3M

Filing History

Feb 2, 202613F COMBINATION REPORTQ/E Dec 20251,322 pos · $7.89B
Nov 14, 202513F COMBINATION REPORTQ/E Sep 20251,212 pos · $7.61B
Aug 14, 202513F COMBINATION REPORTQ/E Jun 20251,143 pos · $6.32B
May 13, 202513F COMBINATION REPORTQ/E Mar 2025884 pos · $3.36B
Feb 10, 202513F COMBINATION REPORTQ/E Dec 2024889 pos · $3.49B
Nov 13, 202413F COMBINATION REPORTQ/E Sep 2024861 pos · $3.77B
Aug 9, 202413F COMBINATION REPORTQ/E Jun 2024850 pos · $3.62B
May 15, 202413F COMBINATION REPORTQ/E Mar 2024834 pos · $3.81B
Nov 14, 202313F COMBINATION REPORTQ/E Dec 2023819 pos · $3.29B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SPDR SERIES TRUST STATE STREET	78464A409	5,252,002	$560.4M	12.50%
2	ISHARES TR CORE MSCI INTL	46435G326	3,857,657	$318.2M	7.10%
3	NVIDIA CORPORATION COM	NVDA	1,337,891	$249.5M	5.57%
4	SPDR INDEX SHS FDS PORTFOLIO D	78463X889	4,805,656	$213.4M	4.76%
5	SPDR SERIES TRUST STATE STREET	78464A508	3,682,073	$209.2M	4.67%
6	MICROSOFT CORP COM	MSFT	412,801	$199.6M	4.45%
7	SPDR INDEX SHS FDS PORTFOLIO E	78463X509	4,026,862	$188.5M	4.21%
8	SPDR SERIES TRUST STATE STREET	78464A649	7,087,609	$182.5M	4.07%
9	APPLE INC COM	AAPL	610,554	$166.0M	3.70%
10	ALPHABET INC CAP STK CL A	GOOG	506,994	$158.7M	3.54%
11	INVESCO EXCHANGE TRADED FD T S	IVZ	786,841	$150.7M	3.36%
12	LISTED FDS TR ROUNDHILL MAGNIF	53656G498	2,130,240	$140.5M	3.13%
13	BROADCOM INC COM	AVGO	366,916	$127.0M	2.83%
14	ISHARES TR MSCI USA MIN VOL	46429B697	1,085,785	$102.2M	2.28%
15	AMAZON COM INC COM	AMZN	384,922	$88.8M	1.98%
16	META PLATFORMS INC CL A	META	105,059	$69.3M	1.55%
17	ISHARES INC CORE MSCI EMKT	46434G103	962,213	$64.7M	1.44%
18	PIMCO ETF TR MULTISECTOR BD	72201R585	2,345,898	$62.6M	1.40%
19	ISHARES TR MSCI USA QLT FCT	46432F339	303,700	$60.3M	1.35%
20	ELI LILLY CO COM	LLY	55,209	$59.3M	1.32%