HORIZON FINANCIAL SERVICES, LLC
Registered adviserCIK
1674020
Location
WINSTON SALEM, NC
Portfolio Value
Small
$258,588,512
Diversification
Diversified
Reports for
Advisory Alpha, LLC
Filing Date
Global Rank
#5,682
/ 8,821
▲ 36
Top Industry
Asset Management
19.1%
Period ended 4 months ago
Filed Jul 20, 2026 · 3mo
24 quarters · since Sep 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
Regulatory AUM
$262,446,082
Main clients
Individuals and high net worth
(99% of AUM)
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 | $262,446,082 | Individuals and high net worth (99%) |
| Apr 2025 to Mar 2026 | $212,623,929 | Individuals and high net worth (100%) |
| Apr 2024 to Mar 2025 | $177,764,684 | Individuals and high net worth (100%) |
| Oct 2023 to Mar 2024 | $169,537,665 | Individuals and high net worth (100%) |
| May 2023 to Sep 2023 | $160,753,086 | Individuals and high net worth (100%) |
| Mar 2023 to Apr 2023 | $154,656,292 | Individuals and high net worth (100%) |
8 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
Concentrated
The top 10 positions are 80.5% of the book (60%+)
Turnover
Low turnover
9.3% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 15.8 quarters (12+)
Closest benchmark: every 13F filer's combined book, active share 84.2%; sector active share 74.9% against the combined 13F book's sector weights.
Over time 24 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 backtestPortfolio Concentration
583 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
32.4%
−1.9 pts
Top 5
68.4%
−1.6 pts
Top 10
80.5%
−2.0 pts
HHI
1,454
Diversified−112
Portfolio Trend
24 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 87.8% | $226,919,479 |
| Financial Services | 3.3% | $8,561,026 |
| Technology | 3.1% | $8,074,892 |
| Industrials | 1.6% | $4,035,573 |
| Healthcare | 1.3% | $3,339,307 |
| Consumer Cyclical | 1.1% | $2,876,153 |
| Communication Services | 0.8% | $1,978,691 |
| Utilities | 0.6% | $1,440,232 |
| Consumer Defensive | 0.2% | $600,955 |
| Energy | 0.2% | $511,388 |
| Real Estate | 0.1% | $131,001 |
| Basic Materials | 0.0% | $119,815 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SPSB | State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | +27,230 | 661,777 | $19,859,927 | |
| SPHY | State Street(R) SPDR(R) Portfolio High Yield Bond ETF | +18,559 | 509,747 | $11,948,469 | |
| XLF | State Street Corp | +14,689 | 108,105 | $5,795,509 | |
| SPYV | State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF | +12,963 | 332,489 | $20,212,006 | |
| XLK | State Street(R) Technology Select Sector SPDR(R) ETF | +9,584 | 71,384 | $13,600,079 | |
| SCHP | Schwab U.S. TIPS ETF | +8,515 | 188,009 | $4,982,238 | |
| SCHA | Schwab U.S. Small-Cap ETF | +8,270 | 280,926 | $10,149,856 | |
| FPE | First Trust Preferred Securities and Income ETF | +8,270 | 146,514 | $2,619,670 | |
| — | +8,217 | 32,824 | $2,726,689 | ||
| SPEM | State Street(R) SPDR(R) Portfolio Emerging Markets ETF | +5,561 | 108,281 | $5,606,790 | |
| VUG | VANGUARD GROWTH INDEX FUND | +4,956 | 5,931 | $510,896 | |
| SPTL | State Street(R) SPDR(R) Portfolio Long Term Treasury ETF | +4,870 | 129,647 | $3,400,640 | |
| SCHM | Schwab U.S. Mid-Cap ETF | +3,960 | 405,444 | $14,948,720 | |
| TFC | Truist Financial Corp | +3,509 | 4,175 | $207,998 | |
| — | +3,344 | 60,882 | $4,581,370 | ||
| XLRE | State Street(R) Real Estate Select Sector SPDR(R) ETF | +3,287 | 77,221 | $3,400,040 | |
| VGSH | VANGUARD SHORT-TERM TREASURY INDEX FUND | +3,164 | 184,579 | $10,742,497 | |
| NFLX | Netflix Inc | +2,975 | 4,825 | $344,505 | |
| SPDW | State Street(R) SPDR(R) Portfolio Developed World ex-US ETF | +2,682 | 282,447 | $14,232,504 | |
| VGT | VANGUARD INFORMATION TECHNOLOGY INDEX FUND | +2,618 | 2,992 | $357,603 | |
| T | At&T Inc. | +2,115 | 12,427 | $257,238 | |
| XLY | State Street(R) Consumer Discretionary Select Sector SPDR(R) ETF | +1,944 | 22,279 | $2,612,881 | |
| VWOB | VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | +1,910 | 49,589 | $3,334,364 | |
| F | Ford Motor Co | +1,800 | 2,800 | $38,920 | |
| XLV | State Street(R) Health Care Select Sector SPDR(R) ETF | +1,526 | 20,971 | $3,327,258 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| — | −26,049 | 73,699 | $1,844,685 | ||
| FLRN | State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF | −19,272 | 55,852 | $1,723,034 | |
| SRLN | State Street(R) Blackstone Senior Loan ETF | −16,979 | 258,638 | $10,420,525 | |
| XLU | State Street(R) Utilities Select Sector SPDR(R) ETF | −14,120 | 17,768 | $805,601 | |
| SCHR | Schwab Intermediate-Term U.S. Treasury ETF | −11,698 | 29,784 | $734,473 | |
| PGHY | Invesco Global ex-US High Yield Corporate Bond ETF | −8,749 | 24,206 | $476,858 | |
| VCIT | VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | −8,149 | 19,473 | $1,609,443 | |
| JPST | JPMorgan Ultra-Short Income ETF | −7,070 | 19,064 | $964,066 | |
| EMHY | iShares J.P. Morgan EM High Yield Bond ETF | −1,222 | 4,608 | $187,407 | |
| SPYG | State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF | −755 | 184,133 | $21,909,985 | |
| CMBS | iShares CMBS ETF | −578 | 1,807 | $87,910 | |
| IAGG | iShares Core International Aggregate Bond ETF | −539 | 1,726 | $87,335 | |
| WFC | Wells Fargo & Company | −441 | 547 | $45,204 | |
| XLI | State Street(R) Industrial Select Sector SPDR(R) ETF | −201 | 18,056 | $3,344,512 | |
| RF | Regions Financial Corp | −196 | 417 | $12,593 | |
| EXC | Exelon Corp | −156 | 312 | $14,545 | |
| NRG | Nrg Energy, Inc. | −129 | 183 | $26,728 | |
| HON | Honeywell International Inc | −120 | 98 | $21,942 | |
| UDR | UDR, Inc. | −118 | 212 | $8,463 | |
| LKQ | Lkq Corp | −111 | 43 | $1,132 | |
| CENN | Cenntro Inc. | −99 | 1 | $3 | |
| MA | Mastercard Inc | −89 | 175 | $89,880 | |
| SPY | Spdr S&P 500 ETF Trust | −86 | 112 | $83,638 | |
| SW | Smurfit Westrock plc | −73 | 37 | $1,711 | |
| GIS | General Mills Inc | −70 | 50 | $1,740 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| IVW | iShares S&P 500 Growth ETF | 2,937 | $403,925 | |
| IVE | iShares S&P 500 Value ETF | 1,527 | $346,720 | |
| CSX | Csx Corp | 3,744 | $177,952 | |
| EFV | iShares MSCI EAFE Value ETF | 2,092 | $160,142 | |
| EFG | iShares MSCI EAFE Growth ETF | 1,118 | $139,101 | |
| EOI | Eaton Vance Enhanced Equity Income Fund | 6,350 | $124,841 | |
| VEA | Vanguard FTSE Developed Markets ETF | 937 | $66,761 | |
| WSM | Williams Sonoma Inc | 237 | $55,244 | |
| MKL | Markel Group Inc. | 27 | $52,731 | |
| ETB | Eaton Vance Tax-Managed Buy-Write Income Fund | 3,100 | $48,174 | |
| FV | First Trust Dorsey Wright Focus 5 ETF | 593 | $44,996 | |
| SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | 957 | $41,284 | |
| PNFP | Pinnacle Financial Partners, Inc. | 409 | $41,259 | |
| HYD | VanEck High Yield Muni ETF | 790 | $40,692 | |
| VFH | VANGUARD FINANCIALS INDEX FUND | 287 | $37,769 | |
| GRMN | Garmin Ltd | 157 | $37,293 | |
| GM | General Motors Co | 400 | $30,832 | |
| ASML | Asml Holding NV | 14 | $27,852 | |
| VCR | VANGUARD CONSUMER DISCRETIONARY INDEX FUND | 70 | $27,762 | |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | 56 | $26,743 | |
| VHT | VANGUARD HEALTH CARE INDEX FUND | 88 | $26,312 | |
| VIS | VANGUARD INDUSTRIALS INDEX FUND | 72 | $25,947 | |
| HONA | Honeywell Aerospace Inc. | 98 | $21,665 | |
| BMY | Bristol Myers Squibb Co | 357 | $20,570 | |
| TWLO | Twilio Inc | 96 | $19,807 | |
| No positions match the current search. | ||||
583 tracked positions ·
$258,588,512 total
· filing declares
646 positions · $260,772,839
· 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 583 positions by value
· page 1 of 12
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SPYG |
State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF
|
Reduced | 184,133 | $21,909,985 | 8.47% | |
| SPYV |
State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF
|
Added | 332,489 | $20,212,006 | 7.82% | |
| SPSB |
State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF
|
Added | 661,777 | $19,859,927 | 7.68% | |
| SCHM |
Schwab U.S. Mid-Cap ETF
|
Added | 405,444 | $14,948,720 | 5.78% | |
| SPDW |
State Street(R) SPDR(R) Portfolio Developed World ex-US ETF
|
Added | 282,447 | $14,232,504 | 5.50% | |
| XLK |
State Street(R) Technology Select Sector SPDR(R) ETF
|
Added | 71,384 | $13,600,079 | 5.26% | |
| SPHY |
State Street(R) SPDR(R) Portfolio High Yield Bond ETF
|
Added | 509,747 | $11,948,469 | 4.62% | |
| VGSH |
VANGUARD SHORT-TERM TREASURY INDEX FUND
|
Added | 184,579 | $10,742,497 | 4.15% | |
| SRLN |
State Street(R) Blackstone Senior Loan ETF
|
Reduced | 258,638 | $10,420,525 | 4.03% | |
| SCHA |
Schwab U.S. Small-Cap ETF
|
Added | 280,926 | $10,149,856 | 3.93% | |
| XLF |
State Street Corp
Financial Services
|
Added | 108,105 | $5,795,509 | 2.24% | |
| SPEM |
State Street(R) SPDR(R) Portfolio Emerging Markets ETF
|
Added | 108,281 | $5,606,790 | 2.17% | |
| ICVT |
iShares Convertible Bond ETF
|
Added | 42,123 | $5,128,054 | 1.98% | |
| SCHP |
Schwab U.S. TIPS ETF
|
Added | 188,009 | $4,982,238 | 1.93% | |
| SPMB |
State Street(R) SPDR(R) Portfolio Mortgage Backed Bond ETF
|
Added | 210,457 | $4,695,295 | 1.82% | |
|
|
Added | 60,882 | $4,581,370 | 1.77% | ||
| VSS |
VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND
|
Added | 25,712 | $3,967,104 | 1.53% | |
| SPTL |
State Street(R) SPDR(R) Portfolio Long Term Treasury ETF
|
Added | 129,647 | $3,400,640 | 1.32% | |
| XLRE |
State Street(R) Real Estate Select Sector SPDR(R) ETF
|
Added | 77,221 | $3,400,040 | 1.31% | |
| XLI |
State Street(R) Industrial Select Sector SPDR(R) ETF
|
Reduced | 18,056 | $3,344,512 | 1.29% | |
| VWOB |
VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND
|
Added | 49,589 | $3,334,364 | 1.29% | |
| XLV |
State Street(R) Health Care Select Sector SPDR(R) ETF
|
Added | 20,971 | $3,327,258 | 1.29% | |
| GLDM |
World Gold Trust
|
Added | 35,808 | $2,843,871 | 1.10% | |
| MLPX |
Global X MLP and Energy Infrastructure ETF
|
Added | 38,101 | $2,806,519 | 1.09% | |
|
|
Added | 32,824 | $2,726,689 | 1.05% | ||
| FPE |
First Trust Preferred Securities and Income ETF
|
Added | 146,514 | $2,619,670 | 1.01% | |
| XLY |
State Street(R) Consumer Discretionary Select Sector SPDR(R) ETF
|
Added | 22,279 | $2,612,881 | 1.01% | |
| XLC |
State Street(R) Communication Services Select Sector SPDR(R) ETF
|
Added | 18,157 | $1,945,159 | 0.75% | |
|
|
Reduced | 73,699 | $1,844,685 | 0.71% | ||
| AAPL |
Apple Inc.
Technology
|
Added | 6,321 | $1,829,044 | 0.71% | |
| FLRN |
State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF
|
Reduced | 55,852 | $1,723,034 | 0.67% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 1,359 | $1,630,025 | 0.63% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 4,360 | $1,626,367 | 0.63% | |
| VCIT |
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND
|
Reduced | 19,473 | $1,609,443 | 0.62% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 6,565 | $1,313,590 | 0.51% | |
|
|
Added | 24,421 | $1,241,319 | 0.48% | ||
| DUK |
Duke Energy CORP
Utilities
|
Added | 8,934 | $1,130,865 | 0.44% | |
| JPST |
JPMorgan Ultra-Short Income ETF
|
Reduced | 19,064 | $964,066 | 0.37% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Added | 2,567 | $905,329 | 0.35% | |
| VTIP |
VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND
|
Added | 17,152 | $861,544 | 0.33% | |
| CAT |
Caterpillar Inc
Industrials
|
Added | 786 | $837,011 | 0.32% | |
| XLU |
State Street(R) Utilities Select Sector SPDR(R) ETF
|
Reduced | 17,768 | $805,601 | 0.31% | |
| XLE |
State Street(R) Energy Select Sector SPDR(R) ETF
|
Added | 14,987 | $795,959 | 0.31% | |
| SCHR |
Schwab Intermediate-Term U.S. Treasury ETF
|
Reduced | 29,784 | $734,473 | 0.28% | |
| CW |
Curtiss Wright Corp
Industrials
|
Added | 817 | $619,089 | 0.24% | |
| VOE |
VANGUARD MID-CAP VALUE INDEX FUND
|
Added | 2,994 | $591,614 | 0.23% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 2,347 | $559,383 | 0.22% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 1,687 | $552,205 | 0.21% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Added | 1,295 | $538,240 | 0.21% | |
| VUG |
VANGUARD GROWTH INDEX FUND
|
Added | 5,931 | $510,896 | 0.20% |
Showing the top 50 of 583 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.