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Horizon Multi-Factor U.S. Equity Fund

Filed by Horizon Funds. What this fund reported holding in its latest quarterly NPORT-P. Positions are ordered by share of the fund rather than by size, because that is what separates a conviction from a rounding error.

Positions
154
matched to a ticker
Fund size
$764.4M
the filing's own figure
Matched value
$737.2M
of the positions below
As of
2026-08-31
S000065864

What it holds

Largest share of the fund first.

Company% of fundValue
MSFTMicrosoft Corp5.29%$40.4M
BRK.BBerkshire Hathaway Inc5.09%$38.8M
AAPLApple Inc5.03%$38.4M
GOOGLAlphabet Inc5.00%$38.2M
NVDANVIDIA Corp4.57%$34.9M
LLYEli Lilly and Co4.04%$30.8M
MUMicron Technology Inc3.38%$25.8M
BACBank of America Corp2.53%$19.3M
CVXChevron Corp2.35%$17.9M
MAMastercard Inc2.21%$16.9M
JNJJohnson & Johnson2.00%$15.3M
KOCoca-Cola Co1.69%$12.9M
ABBVAbbVie Inc1.47%$11.2M
LRCXLam Research Corp1.43%$10.9M
CSCOCisco Systems Inc1.41%$10.8M
RTXRTX Corp1.21%$9.2M
MRKMerck & Co Inc1.14%$8.7M
DELLDell Technologies Inc0.98%$7.5M
SCHWCharles Schwab Corp0.97%$7.4M
COPConocoPhillips0.96%$7.3M
FTNTFortinet Inc0.94%$7.2M
SNDKSandisk Corp0.94%$7.1M
TMOThermo Fisher Scientific Inc0.87%$6.7M
TJXTJX Companies Inc0.84%$6.4M
LMTLockheed Martin Corp0.80%$6.1M
COSTCostco Wholesale Corp0.79%$6.1M
PMPhilip Morris International Inc0.79%$6M
APHAmphenol Corp0.76%$5.8M
TXNTexas Instruments Inc0.75%$5.7M
PGRProgressive Corp0.73%$5.6M
VRTXVertex Pharmaceuticals Inc0.73%$5.6M
ADBEAdobe Inc0.71%$5.4M
NEMNewmont Corporation0.68%$5.2M
VLOValero Energy Corp0.67%$5.1M
GDGeneral Dynamics Corp0.67%$5.1M
MPCMarathon Petroleum Corp0.66%$5M
COFCapital One Financial Corp0.65%$5M
PSXPhillips 660.64%$4.9M
BKNGBooking Holdings Inc0.63%$4.8M
ADIAnalog Devices Inc0.58%$4.4M
CVSCVS Health Corp0.56%$4.3M
USBUS Bancorp0.56%$4.3M
ROSTRoss Stores Inc0.56%$4.3M
ABNBAirbnb Inc0.56%$4.3M
PHParker-Hannifin Corp0.55%$4.2M
DDOGDatadog Inc (Pre-Reincorporation)0.55%$4.2M
PNCPNC Financial Services Group Inc0.54%$4.2M
EOGEOG Resources Inc0.51%$3.9M
KEYSKeysight Technologies Inc0.50%$3.8M
HPEHewlett Packard Enterprise Co0.48%$3.7M
TRVTravelers Companies Inc0.48%$3.7M
MNSTMonster Beverage Corp0.46%$3.5M
MCKMcKesson Corp0.46%$3.5M
CSXCSX Corp0.45%$3.5M
EQIXEquinix Inc0.45%$3.4M
NUENucor Corp0.44%$3.4M
ALLAllstate Corp0.43%$3.3M
TAT&T Inc0.42%$3.2M
REGNRegeneron Pharmaceuticals Inc0.41%$3.2M
FFIVF5 Inc0.41%$3.1M
DVNDevon Energy Corp0.40%$3M
VRSNVeriSign, Inc0.39%$3M
ELVElevance Health Inc0.38%$2.9M
HWMHowmet Aerospace Inc0.37%$2.8M
AMEAMETEK Inc0.36%$2.8M
PEPPepsiCo Inc0.36%$2.7M
GMGeneral Motors Co0.35%$2.7M
ADSKAutodesk Inc0.33%$2.5M
FDXFedEx Corp0.33%$2.5M
NOCNorthrop Grumman Corp0.33%$2.5M
PTCPTC Inc0.32%$2.5M
RSGRepublic Services Inc0.32%$2.4M
EXPEExpedia Group Inc0.31%$2.4M
FIXComfort Systems USA Inc0.29%$2.2M
BSXBoston Scientific Corp0.29%$2.2M
CAHCardinal Health Inc0.29%$2.2M
HIGHartford Insurance Group Inc0.27%$2.1M
URIUnited Rentals Inc0.27%$2.1M
MMM3M Co0.27%$2M
CTASCintas Corp0.25%$1.9M
MCDMcDonald's Corp0.24%$1.9M
SYYSysco Corp0.24%$1.8M
RLRalph Lauren Corp0.23%$1.8M
MOAltria Group Inc0.23%$1.8M
CBOECboe Global Markets Inc0.23%$1.7M
STLDSteel Dynamics Inc0.23%$1.7M
AMTAmerican Tower Corp0.23%$1.7M
HUMHumana Inc0.22%$1.7M
CINFCincinnati Financial Corp0.22%$1.7M
DISWalt Disney Co0.22%$1.7M
HASHasbro Inc0.21%$1.6M
CFCF Industries Holdings Inc0.21%$1.6M
WABWestinghouse Air Brake Technologies Corp0.21%$1.6M
BRBroadridge Financial Solutions Inc0.21%$1.6M
BBYBest Buy Co Inc0.21%$1.6M
STTState Street Corp0.20%$1.6M
PCGPG&E Corp0.20%$1.5M
CMCSAComcast Corp0.20%$1.5M
NWSANews Corp0.20%$1.5M
GWWWW Grainger Inc0.20%$1.5M
CLColgate-Palmolive Co0.20%$1.5M
NVRNVR Inc0.20%$1.5M
NDAQNasdaq Inc0.20%$1.5M
DRIDarden Restaurants Inc0.19%$1.5M
LVSLas Vegas Sands Corp0.19%$1.5M
ULTAUlta Beauty Inc0.19%$1.5M
CNCCentene Corp0.19%$1.5M
VRSKVerisk Analytics Inc0.19%$1.5M
EDConsolidated Edison Inc0.19%$1.5M
IEXIDEX Corp0.19%$1.4M
INVHInvitation Homes Inc0.19%$1.4M
APAAPA Corp (US)0.18%$1.4M
CICigna Group0.18%$1.4M
HSTHost Hotels and Resorts, Inc0.18%$1.4M
DGDollar General Corp0.18%$1.3M
VLTOVeralto Corp0.18%$1.3M
EXPDExpeditors International of Washington Inc0.17%$1.3M
IBKRInteractive Brokers Group Inc0.17%$1.3M
CHDChurch & Dwight Co Inc0.17%$1.3M
REGRegency Centers Corp0.17%$1.3M
SJMJ.M. Smucker Co0.16%$1.3M
JBHTJ B Hunt Transport Services Inc0.16%$1.2M
LHXL3Harris Technologies Inc0.16%$1.2M
INCYIncyte Corp0.16%$1.2M
CFGCitizens Financial Group Inc0.15%$1.2M
GLGlobe Life Inc0.15%$1.2M
DUKDuke Energy Corp0.15%$1.1M
EXCExelon Corp0.15%$1.1M
PYPLPayPal Holdings Inc0.15%$1.1M
ORealty Income Corp0.15%$1.1M
NDSNNordson Corp0.14%$1.1M
EMEEMCOR Group Inc0.14%$1.1M
AIZAssurant Inc0.14%$1.1M
DGXQuest Diagnostics Inc0.14%$1.1M
CPAYCorpay Inc0.14%$1.1M
BALLBall Corp0.14%$1.1M
SNASnap-On Inc0.14%$1M
PPLPPL Corp0.14%$1M
FRTFederal Realty Investment Trust0.14%$1M
PEGPublic Service Enterprise Group Inc0.13%$1M
AVYAvery Dennison Corp0.13%$1M
DOCHealthpeak Properties Inc0.13%$1M
OMCOmnicom Group Inc0.13%$1M
EIXEdison International0.13%$1M
DXCMDexcom Inc0.13%$1M
KIMKimco Realty Corp0.13%$979.1K
ESEversource Energy0.13%$954.6K
AEEAmeren Corp0.12%$937.7K
CBRECBRE Group Inc0.12%$936.7K
PKGPackaging Corp of America0.12%$931.8K
HIIHuntington Ingalls Industries Inc0.12%$922.8K
MTBM&T Bank Corp0.12%$885.7K
TKOTKO Group Holdings Inc0.11%$858.1K
UHSUniversal Health Services Inc0.10%$770.9K

Source: NPORT-P filings, via EDGAR. Positions arrive by CUSIP, and only a CUSIP verified against a ticker is kept — so this is what we could match, not everything the fund holds, and the matched value is therefore below the fund's own size. A balance is shares where the filing says `NS` and a principal amount where it says `PA`, which is why it is not labelled shares in both cases.

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