Horizon Investments

Horizon Investments as of June 30, 2014

Portfolio Holdings for Horizon Investments

Horizon Investments holds 113 positions in its portfolio as reported in the June 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Spdr S&p 500 Etf (SPY) 25.7 $215M 1.1M 195.72
iShares S&P 500 Index (IVV) 21.5 $180M 913k 197.00
iShares MSCI ACWI ex US Index Fund (ACWX) 9.0 $75M 1.6M 48.02
iShares Lehman Aggregate Bond (AGG) 5.0 $42M 381k 109.40
Vanguard Total Bond Market ETF (BND) 2.6 $22M 266k 82.22
iShares Lehman 1-3 Year Treas.Bond (SHY) 2.6 $22M 258k 84.56
iShares S&P NA Tec.-SW. Idx. Fund (IGV) 2.6 $21M 249k 86.00
iShares MSCI Emerging Markets Indx (EEM) 1.9 $16M 374k 43.23
Energy Select Sector SPDR (XLE) 1.9 $16M 160k 100.10
iShares S&P Latin America 40 Index (ILF) 1.9 $16M 417k 38.25
iShares MSCI BRIC Index Fund (BKF) 1.9 $16M 414k 38.55
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 1.3 $11M 94k 115.27
iShares Russell 1000 Growth Index (IWF) 1.2 $9.9M 109k 90.93
Vanguard Emerging Markets ETF (VWO) 1.2 $9.7M 226k 43.13
First Trust DJ Internet Index Fund (FDN) 0.9 $7.6M 128k 59.58
Spdr Short-term High Yield mf (SJNK) 0.9 $7.4M 239k 30.96
iShares Lehman Short Treasury Bond (SHV) 0.9 $7.3M 66k 110.27
Ishares Tr fltg rate nt (FLOT) 0.8 $7.0M 137k 50.80
iShares Russell 1000 Value Index (IWD) 0.7 $6.1M 60k 101.26
iShares S&P/Citi Intl Treasury Bond (IGOV) 0.7 $6.0M 57k 105.25
Advisorshares Tr peritus hg yld 0.7 $6.0M 112k 53.30
Vanguard Value ETF (VTV) 0.7 $5.8M 71k 80.95
Vanguard Total World Stock Idx (VT) 0.7 $5.7M 92k 62.23
iShares MSCI EAFE Index Fund (EFA) 0.7 $5.6M 82k 68.38
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.6 $5.0M 42k 119.27
PowerShrs CEF Income Cmpst Prtfl 0.6 $5.0M 196k 25.50
Market Vectors Etf Tr emkt hiyld bd 0.5 $4.2M 159k 26.41
SPDR Barclays Capital Intl Tresy Bd ETF (BWX) 0.4 $3.3M 55k 60.81
Spdr Series Trust equity (IBND) 0.4 $3.2M 86k 37.86
Vanguard Mid-Cap ETF (VO) 0.4 $3.1M 26k 118.67
Market Vectors High Yield Muni. Ind 0.3 $3.0M 98k 30.16
iShares MSCI EMU Index (EZU) 0.3 $2.7M 65k 42.32
Spdr Series Trust brcly em locl (EBND) 0.3 $2.7M 87k 31.22
Spdr Series Trust cmn (HYMB) 0.3 $2.8M 49k 56.30
iShares MSCI Cntry Asa Jpn Idx Fnd (AAXJ) 0.3 $2.6M 41k 62.69
ConocoPhillips (COP) 0.3 $2.5M 29k 85.73
SPDR Barclays Capital Convertible SecETF (CWB) 0.3 $2.5M 50k 50.49
Powershares Senior Loan Portfo mf 0.3 $2.5M 102k 24.87
PowerShares Hgh Yield Corporate Bnd 0.3 $2.4M 125k 19.60
Taiwan Semiconductor Mfg (TSM) 0.3 $2.3M 106k 21.39
Eli Lilly & Co. (LLY) 0.3 $2.2M 36k 62.16
Microsoft Corporation (MSFT) 0.3 $2.2M 53k 41.70
Corning Incorporated (GLW) 0.3 $2.2M 100k 21.95
3M Company (MMM) 0.3 $2.2M 15k 143.21
Pepsi (PEP) 0.3 $2.2M 24k 89.32
Ford Motor Company (F) 0.3 $2.2M 127k 17.24
Baxter International (BAX) 0.2 $2.1M 28k 72.32
General Electric Company 0.2 $2.1M 78k 26.28
Kimberly-Clark Corporation (KMB) 0.2 $2.0M 18k 111.23
Vanguard Small-Cap ETF (VB) 0.2 $1.9M 16k 117.10
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.2 $1.8M 18k 103.59
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.2 $1.8M 15k 121.79
iShares Russell Midcap Index Fund (IWR) 0.2 $1.5M 9.4k 162.55
CSX Corporation (CSX) 0.1 $1.2M 38k 30.82
Norfolk Southern (NSC) 0.1 $1.2M 12k 103.06
iShares S&P MidCap 400 Index (IJH) 0.1 $1.2M 8.1k 143.09
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.1 $1.2M 11k 108.68
Pimco Total Return Etf totl (BOND) 0.1 $1.0M 9.5k 109.02
Ishares Incglobal High Yi equity (GHYG) 0.1 $928k 17k 54.87
First Trust Amex Biotech Index Fnd (FBT) 0.1 $632k 7.7k 82.27
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.1 $640k 21k 30.79
First Trust Cnsmer Disry Alpha Fnd (FXD) 0.1 $594k 18k 33.23
First Trust Health Care AlphaDEX (FXH) 0.1 $605k 11k 53.27
First Trust Cnsumer Stapl Alpha (FXG) 0.1 $625k 16k 39.82
Calumet Specialty Products Partners, L.P (CLMT) 0.1 $502k 16k 31.77
iShares S&P 500 Value Index (IVE) 0.1 $525k 5.8k 90.22
Powershares Etf Trust Ii intl corp bond 0.1 $505k 17k 30.69
Cedar Fair (FUN) 0.1 $397k 7.5k 52.93
iShares Russell 2000 Index (IWM) 0.1 $427k 3.6k 118.84
Och-Ziff Capital Management 0.1 $411k 30k 13.84
Capital Product 0.1 $437k 38k 11.41
Vanguard Natural Resources 0.1 $435k 14k 32.22
Natural Resource Partners 0.1 $442k 27k 16.55
Kinder Morgan Energy Partners 0.1 $444k 5.4k 82.22
KKR & Co 0.1 $409k 17k 24.35
Memorial Prodtn Partners 0.1 $431k 18k 24.21
Northern Tier Energy 0.1 $447k 17k 26.77
Vanguard Short-Term Bond ETF (BSV) 0.0 $330k 4.1k 80.37
Terra Nitrogen Company 0.0 $346k 2.4k 144.17
PowerShares DB Energy Fund 0.0 $340k 11k 30.74
PowerShares DB Oil Fund 0.0 $353k 12k 30.80
Oaktree Cap 0.0 $330k 6.6k 50.00
Itron (ITRI) 0.0 $283k 7.0k 40.59
AGCO Corporation (AGCO) 0.0 $263k 4.7k 56.14
Advanced Micro Devices (AMD) 0.0 $276k 66k 4.19
Brooks Automation (AZTA) 0.0 $211k 20k 10.77
ION Geophysical Corporation 0.0 $241k 57k 4.22
Sigma Designs 0.0 $235k 51k 4.57
Novatel Wireless 0.0 $224k 117k 1.91
Brady Corporation (BRC) 0.0 $274k 9.2k 29.89
MicroStrategy Incorporated (MSTR) 0.0 $286k 2.0k 140.75
Orbitz Worldwide 0.0 $213k 24k 8.90
Alliance Resource Partners (ARLP) 0.0 $219k 4.7k 46.60
General Cable Corporation 0.0 $217k 8.4k 25.68
SM Energy (SM) 0.0 $254k 3.0k 83.97
iShares Russell Midcap Value Index (IWS) 0.0 $242k 3.3k 72.54
iShares Dow Jones U.S. Index Fund (IYY) 0.0 $268k 2.7k 99.30
iShares MSCI Germany Index Fund (EWG) 0.0 $255k 8.2k 31.25
iShares MSCI Sweden Index (EWD) 0.0 $246k 7.0k 35.21
iShares MSCI Switzerland Index Fund (EWL) 0.0 $245k 7.1k 34.29
iShares MSCI Spain Index (EWP) 0.0 $255k 6.0k 42.79
Pimco Etf Tr 0-5 high yield (HYS) 0.0 $232k 2.2k 106.72
Carbonite 0.0 $289k 24k 11.99
Proshares Ultrashort 20+y Tr etf (TBT) 0.0 $223k 3.7k 60.83
Vanguard Charlotte Fds intl bd idx etf (BNDX) 0.0 $252k 4.9k 51.32
Office Depot 0.0 $162k 29k 5.68
Hercules Offshore 0.0 $153k 38k 4.03
1-800-flowers (FLWS) 0.0 $150k 26k 5.79
Cys Investments 0.0 $153k 17k 9.00
Cliffs Nat Res Inc Dep1/40th P preferred stocks 0.0 $198k 14k 14.33
ARMOUR Residential REIT 0.0 $67k 16k 4.33
Bay Ban 0.0 $115k 22k 5.18
Earthlink Holdings 0.0 $120k 32k 3.72