Horizon Investments, LLC

Registered adviser

CIK

1560717

Location

Charlotte, NC

Portfolio Value

Mid $9,811,990,665

Diversification

Diversified

Reports for

FOUNDERS FINANCIAL SECURITIES LLC

Files via

First Trust Advisors LP

Filing Date

Global Rank

#550 / 8,821 ▼ 70

Top Industry

Semiconductors 13.6%

Period ended 4 months ago

Filed Aug 13, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 109552

Roster of Oct 1, 2026

Regulatory AUM

$8,471,813,621

Main clients

Registered funds and BDCs (91% of AUM)

Registered funds advised

20 series (0 index, 9 ETFs)

$6,196,253,169 net assets· N-CEN Nov 30, 2025

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$8,471,813,621	Registered funds and BDCs (91%)
Apr 2025 to Mar 2026	$5,357,028,030	Registered funds and BDCs (90%)
Apr 2024 to Mar 2025	$4,466,593,018	Registered funds and BDCs (89%)
May 2023 to Mar 2024	$3,816,815,479	Registered funds and BDCs (88%)
Apr 2023	$3,816,815,479	Registered funds and BDCs (88%)
Apr 2022 to Mar 2023	$4,045,965,161	Registered funds and BDCs (85%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 44.8%, 25.7 effective positions, active share 44.6% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

42.9% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 17.3 quarters (12+), a floor since 4.8% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 44.6%; sector active share 31.8% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

1,385 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

12.7%

+0.3 pts

Top 5

35.7%

−0.6 pts

Top 10

46.0%

+0.2 pts

HHI

397

Diversified+23

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	48.0%	$4,704,905,426	262
Technology	17.2%	$1,684,864,803	172
Financial Services	7.2%	$704,905,610	182
Industrials	5.4%	$532,013,202	174
Healthcare	5.1%	$496,768,756	114
Communication Services	4.2%	$415,593,509	43
Consumer Cyclical	4.1%	$406,224,292	130
Consumer Defensive	2.7%	$267,336,235	68
Energy	2.5%	$249,821,889	63
Basic Materials	1.3%	$125,756,684	60
Real Estate	1.2%	$118,521,147	69
Utilities	1.1%	$105,279,112	48

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SPAB	State Street(R) SPDR(R) Portfolio Aggregate Bond ETF	+2,559,763	9,729,670	$248,301,178
SRLN	State Street(R) Blackstone Senior Loan ETF	+1,213,126	1,213,236	$48,881,278
HYLB	Xtrackers USD High Yield Corporate Bond ETF	+1,060,042	1,061,732	$38,774,452
ANGL	VanEck Fallen Angel High Yield Bond ETF	+753,206	754,038	$22,048,071
IDV	iShares International Select Dividend ETF	+727,458	727,488	$30,139,827
VO	VANGUARD MID-CAP INDEX FUND	+605,699	676,163	$54,478,452
SPHY	State Street(R) SPDR(R) Portfolio High Yield Bond ETF	+509,574	2,096,034	$49,131,036
XLC	State Street(R) Communication Services Select Sector SPDR(R) ETF	+403,711	692,697	$74,208,629
MAGS	Roundhill Magnificent Seven ETF	+273,895	2,535,713	$163,046,345
BGC	BGC Group, Inc.	+179,536	369,782	$3,952,969
ADT	ADT Inc.	+160,472	439,287	$2,855,365
PYLD		+143,631	3,289,695	$87,242,711
BNDX	Vanguard Total International Bond ETF	+119,050	831,460	$40,267,607
MTCH	Match Group, Inc.	+115,996	120,825	$4,597,391
VUG	VANGUARD GROWTH INDEX FUND	+107,608	120,524	$10,381,936
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF	+106,017	465,687	$34,856,671
ZION	Zions Bancorporation, National Association	+97,740	101,040	$6,990,957
CBSH	Commerce Bancshares Inc	+93,445	96,147	$5,552,489
SEIC	Sei Investments Co	+83,862	86,966	$7,627,787
HPQ	Hp Inc	+75,099	155,726	$3,416,628
RDN	Radian Group Inc	+73,806	73,816	$2,780,648
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	+70,502	141,908	$15,477,905
KLAC	Kla Corp	+69,641	78,191	$23,591,006
AQN	Algonquin Power & Utilities Corp.	+68,841	292,847	$1,716,083
OUT	OUTFRONT Media Inc.	+68,652	71,736	$2,350,071
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	−2,283,315	3,048,861	$185,340,259
—		−1,977,505	128,967	$11,818,535
DFAE	Dimensional Emerging Core Equity Market ETF	−1,406,611	1,371,311	$55,140,414
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	−836,207	5,552,636	$660,708,156
DGRO	iShares Core Dividend Growth ETF	−814,773	166	$12,581
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	−754,500	3,348,734	$173,397,446
VEA	Vanguard FTSE Developed Markets ETF	−579,191	632,387	$45,057,573
FBND	Fidelity Total Bond ETF	−541,656	732,704	$33,330,704
IDEV	iShares Core MSCI International Developed Markets ETF	−437,429	3,627,322	$322,867,931
JCPB	JPMorgan Core Plus Bond ETF	−416,054	572,286	$26,863,104
KEY	Keycorp	−395,678	137,748	$3,175,091
USMV	iShares MSCI USA Min Vol Factor ETF	−360,040	943,459	$91,006,054
BBEU	JPMorgan BetaBuilders Europe ETF	−338,125	44	$3,421
WY	Weyerhaeuser Co	−327,023	12,250	$293,265
RF	Regions Financial Corp	−298,994	48,738	$1,471,887
USHY	iShares Broad USD High Yield Corporate Bond ETF	−257,666	151,744	$5,617,562
AGG	iShares Core U.S. Aggregate Bond ETF	−244,672	284,724	$28,181,980
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	−239,495	219,763	$41,869,246
IJR	iShares Core S&P Small-Cap ETF	−224,941	296,071	$43,910,289
VIG	Vanguard Specialized Funds	−213,912	225,476	$53,352,130
SW	Smurfit Westrock plc	−206,951	31,970	$1,478,932
FTI	TechnipFMC plc	−199,157	28,938	$1,918,589
AR	ANTERO RESOURCES Corp	−197,952	264,301	$9,287,537
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	−189,922	4,584,583	$231,017,137
KNX	Knight-Swift Transportation Holdings Inc.	−186,434	2,684	$209,003
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AAXJ	iShares Trust	650,335	$77,604,475
SOXX	iShares Semiconductor ETF	101,355	$64,944,229
CWB	State Street(R) SPDR(R) Bloomberg Convertible Securities ETF	272,048	$29,332,215
—		200,246	$29,007,635
ILF	iShares Latin America 40 ETF	639,340	$21,577,725
DYNF	iShares U.S. Equity Factor Rotation Active ETF	121,540	$8,265,935
STRL	Sterling Infrastructure, Inc.	8,352	$7,010,334
XHB	State Street(R) SPDR(R) S&P(R) Homebuilders ETF	52,024	$6,011,893
HONA	Honeywell Aerospace Inc.	23,194	$5,127,729
PFGC	Performance Food Group Co	43,454	$4,857,722
AGX	Argan Inc	5,614	$4,483,059
VDC	VANGUARD CONSUMER STAPLES INDEX FUND	17,703	$3,991,849
VOYA	Voya Financial, Inc.	42,304	$3,829,781
BHP	BHP Group Ltd	40,840	$3,402,380
RHP	Ryman Hospitality Properties, Inc.	25,321	$3,255,014
ACM	Aecom	43,112	$3,009,217
APLE	Apple Hospitality REIT, Inc.	150,856	$2,535,889
IYM	iShares U.S. Basic Materials ETF	14,117	$2,534,425
CATY	Cathay General Bancorp	40,431	$2,506,317
WCC	Wesco International Inc	6,703	$2,315,417
FDXF	FedEx Freight Holding Company, Inc.	14,458	$2,183,158
IYT	iShares U.S. Transportation ETF	25,077	$2,175,429
SPNT	SiriusPoint Ltd	81,817	$1,963,608
LAUR	Laureate Education, Inc.	51,938	$1,886,388
FJUL	FT Vest U.S. Equity Buffer ETF - July	28,119	$1,674,205
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
MTBA	Simplify MBS ETF	301,338	$14,904,177
EMN	Eastman Chemical Co	107,278	$8,187,456
ARM	Arm Holdings PLC	12,782	$1,933,660
UNF	Unifirst Corp	7,078	$1,780,754
SPOT	Spotify Technology S.A.	3,145	$1,525,041
TRMK	Trustmark Corp	24,727	$1,041,995
STC	Stewart Information Services Corp	16,850	$1,037,623
DRH	DiamondRock Hospitality Co	107,433	$1,006,647
CASH	Pathward Financial, Inc.	10,878	$970,643
BBT	Beacon Financial Corp	27,358	$820,740
PLAB	Photronics Inc	20,289	$819,878
ATEN	A10 Networks, Inc.	34,314	$793,339
PAHC	Phibro Animal Health Corp	13,990	$773,786
INVX	Innovex International, Inc.	31,651	$771,967
LCII	Lci Industries	6,041	$742,922
ZD	Ziff Davis, Inc.	17,617	$739,209
NVST	Envista Holdings Corp	29,127	$738,951
EVTC	EVERTEC, Inc.	25,725	$725,959
KMT	Kennametal Inc	20,076	$725,345
PLXS	Plexus Corp	3,566	$722,257
YELP	Yelp Inc	29,067	$719,117
IIIN	Insteel Industries Inc	21,293	$715,657
TRN	Trinity Industries Inc	22,127	$712,046
SCSC	Scansource, Inc.	19,429	$705,272
—		43,584	$703,882
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,385 tracked positions · $9,811,990,665 total · filing declares 1,421 positions · $9,131,388,742 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,385 positions by value · page 1 of 28

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	Reduced	5,552,636	-836,207	$660,708,156	+5.6%	22	unpriced	6.73%
IDEV	iShares Core MSCI International Developed Markets ETF	Reduced	3,627,322	-437,429	$322,867,931	−5.0%	16	unpriced	3.29%
NVDA	Nvidia Corp Technology	Reduced	1,426,707	-31,087	$285,469,803	+12.3%	22	unpriced	2.91%
RSP	Victory Portfolios II CALL + SHARES	Added	1,302,573	+514,929	$277,148,457	+83.3%	22	$171.16	2.82%
SPAB	State Street(R) SPDR(R) Portfolio Aggregate Bond ETF	Added	9,729,670	+2,559,763	$248,301,178	+35.2%	26+	before history	2.53%
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	Reduced	4,584,583	-189,922	$231,017,137	+6.0%	22	unpriced	2.35%
AAPL	Apple Inc. Technology	Reduced	792,756	-74,231	$229,391,876	+4.3%	22	$225.50	2.34%
GOOGL	Alphabet Inc. Communication Services	Added	528,244	+43,987	$188,778,558	+35.6%	22	unpriced	1.92%
MAGS	Roundhill Magnificent Seven ETF PUT + SHARES	Reduced	2,935,713	-76,105	$188,766,345	+8.2%	4	unpriced	1.92%
QQQ	Invesco Qqq Trust, Series 1 PUT + SHARES	Added	255,863	+244,619	$188,417,513	+2803.3%	22	$580.57	1.92%
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	Reduced	3,048,861	-2,283,315	$185,340,259	−38.6%	22	unpriced	1.89%
MSFT	Microsoft Corp CALL + SHARES Technology	Added	485,957	+45,214	$181,271,680	+11.1%	22	$436.42	1.85%
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	Reduced	3,348,734	-754,500	$173,397,446	−9.9%	18	unpriced	1.77%
MU	Micron Technology Inc Technology	Reduced	103,928	-13,081	$119,963,051	+203.5%	22	$102.74	1.22%
AVGO	Broadcom Inc. Technology	Reduced	280,891	-11,436	$106,106,575	+17.3%	26+	before history	1.08%
AMZN	Amazon Com Inc Consumer Cyclical	Added	439,291	+1,140	$104,700,616	+14.7%	22	unpriced	1.07%
IEMG	iShares Trust	Added	1,152,417	+42,188	$95,466,224	—	22	unpriced	0.97%
USMV	iShares MSCI USA Min Vol Factor ETF	Reduced	943,459	-360,040	$91,006,054	−24.7%	22	unpriced	0.93%
PYLD		Added	3,289,695	+143,631	$87,242,711	+5.8%	9	$26.35	0.89%
AAXJ	iShares Trust	NEW	650,335	NEW	$77,604,475	NEW	1	unpriced	0.79%
XLC	State Street(R) Communication Services Select Sector SPDR(R) ETF	Added	692,697	+403,711	$74,208,629	+131.6%	21	unpriced	0.76%
META	Meta Platforms, Inc. Communication Services	Reduced	127,687	-3,219	$71,924,810	−4.0%	22	$617.04	0.73%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	137,802	+8,659	$68,954,742	+11.4%	17	$494.19	0.70%
LLY	ELI LILLY & Co Healthcare	Added	57,355	+3,973	$68,793,313	+40.1%	22	$849.58	0.70%
FEZ	State Street(R) SPDR(R) EURO STOXX 50(R) ETF CALL	NEW	1,000,000	NEW	$68,680,000	NEW	—	—	0.70%
QUAL	iShares MSCI USA Quality Factor ETF	Reduced	311,991	-8,003	$68,460,185	+11.5%	21	unpriced	0.70%
AMAT	Applied Materials Inc Technology	Added	91,119	+8,799	$65,879,037	+134.1%	17	$199.69	0.67%
SOXX	iShares Semiconductor ETF	NEW	101,355	NEW	$64,944,229	NEW	1	unpriced	0.66%
JNJ	Johnson & Johnson Healthcare	Added	251,838	+3,511	$63,959,296	+5.4%	22	$168.43	0.65%
TLT	iShares 20+ Year Treasury Bond ETF CALL + SHARES	Added	686,927	+291,993	$59,364,231	+73.4%	15	unpriced	0.61%
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	Reduced	1,072,165	-7,501	$57,007,013	−0.8%	11	unpriced	0.58%
DFAE	Dimensional Emerging Core Equity Market ETF	Reduced	1,371,311	-1,406,611	$55,140,414	−41.4%	17	$31.53	0.56%
VO	VANGUARD MID-CAP INDEX FUND	Added	676,163	+605,699	$54,478,452	+169.2%	18	unpriced	0.56%
VIG	Vanguard Specialized Funds	Reduced	225,476	-213,912	$53,352,130	−43.5%	7	$218.25	0.54%
AMD	Advanced Micro Devices Inc Technology	Reduced	90,163	-35,255	$52,376,588	+105.3%	17	$157.76	0.53%
XOM	ExxonMobil Holdings Corp Energy	Reduced	368,036	-24,588	$50,317,881	−24.5%	22	$110.31	0.51%
SPHY	State Street(R) SPDR(R) Portfolio High Yield Bond ETF	Added	2,096,034	+509,574	$49,131,036	+32.8%	11	$23.66	0.50%
SRLN	State Street(R) Blackstone Senior Loan ETF	Added	1,213,236	+1,213,126	$48,881,278	+1107063.7%	14	$40.39	0.50%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	632,387	-579,191	$45,057,573	−42.0%	22	$58.61	0.46%
LRCX	Lam Research Corp Technology	Reduced	103,722	-17,414	$44,945,854	+73.7%	22	$88.00	0.46%
IJR	iShares Core S&P Small-Cap ETF	Reduced	296,071	-224,941	$43,910,289	−32.2%	22	unpriced	0.45%
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF CALL + SHARES	Reduced	585,687	-523,983	$43,838,671	−39.4%	8	$64.68	0.45%
AVDV	Avantis International Small Cap Value ETF	Reduced	414,103	-113,450	$42,673,314	−19.0%	4	$86.41	0.43%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	Reduced	219,763	-239,495	$41,869,246	−31.4%	21	unpriced	0.43%
TSLA	Tesla, Inc. Consumer Cyclical	Added	96,742	+51	$40,689,685	+13.2%	22	$296.79	0.41%
SPY	Spdr S&P 500 ETF Trust	Reduced	54,070	-924,644	$40,377,853	−93.7%	22	$714.90	0.41%
BNDX	Vanguard Total International Bond ETF	Added	831,460	+119,050	$40,267,607	+17.6%	15	$48.94	0.41%
IHI	iShares U.S. Medical Devices ETF CALL	NEW	800,000	NEW	$39,528,000	NEW	—	—	0.40%
HYLB	Xtrackers USD High Yield Corporate Bond ETF	Added	1,061,732	+1,060,042	$38,774,452	+63350.3%	22	unpriced	0.40%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	115,540	-15,814	$37,819,708	−2.1%	22	$246.43	0.39%

Showing the top 50 of 1,385 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.