Horizon Investments, LLC Buys iShares China Large-Cap ETF, SPDR Portfolio S&P 500 Value ETF, PowerShares QQQ Trust Ser 1, Sells SPDR Portfolio Emerging Markets ETF, SPDR Portfolio World ex- US ETF, iShares Short Treasury Bond ETF

• New Purchases: FXI, SPYV, QQQ, MTUM, ASHR, IEI, BIL, KSS, WPP, GPS, SNY, FHN, SNV, NLSN, ALL, AON, CINF, HSY, IR, MTD, SBAC, SRE, TDG, MSCI, COG, KMX, CERN, CHD, CTAS, DRI, DLTR, ESS, RE, HIG, WELL, INCY, KSU, OKE, ROP, DG, HLT, FXU, ABMD, AAP, A, ALK, AME, ATO, BXP, CF, CHRW, COF, CE, CNC, CAG, STZ, COO, GLW, DHI, DLR, ETFC, ETN, EIX, EXPE, EXPD, EXR, FAST, FITB, BEN, HAL, MNST, HAS, HCP, HSIC, HPQ, HFC, HOLX, HRL, HUM, INFO, ICE, IRM, K, KMB, LEN, MTB, MGM, MXIM, MCK, MHK, TAP, MYL, NDAQ, NWL, NEM, NI, NTRS, NUE, ORLY, PCAR, PPL, PH, PXD, PRU, RJF, RMD, ROK, ROST, RCL, SIVB, SHW, SWK, TROW, TFX, TXT, UAL, UHS, VFC, VLO, VTR, VNO, GWW, WAB, WY, DFS, CXO, CBOE, LYB, MOS, APTV, AAL, CFG, KHC, FTV, LW, ARNC, FOX,
• Added Positions: DGRO, SPIB, SPYG, WBA, WFC, CMA, SWKS, C, INTC, SLB, IEF, CAH, IPG, GSK, TM, RDS.B, VEU, AMGN, CMCSA, PG, AMT, BMY, MDT, LIN, CHTR, KMI, FB, BLL, CDNS, CVX, TPR, CPRT, EQIX, M, FLR, GRMN, GPN, IBM, IDXX, KEY, MSFT, NFLX, NSC, PGR, TMO, UNP, VRSN, WMB, CMG, MA, FLT, TRIP, ZTS, IQV, KEYS, PYPL, CB, AMD, AMG, ARE, ADS, HES, AIZ, CTL, CSCO, XRAY, DISCA, LLY, FFIV, FLIR, GIS, GOOGL, HRB, HOG, INTU, JEC, JNPR, LEG, JEF, LB, MAC, MLM, MAT, SPGI, MAA, MCO, MSI, NRG, NKTR, JWN, PHM, RHI, WRK, SEE, SNPS, SYY, TTWO, TSCO, TSN, UNH, VMC, XLNX, V, PSX, PNR, NWS, ALLE, SYF, AGG, FTA, FTC, IVV, IWR, SPAB, AOS, AES, PLD, T, ACN, ATVI, ADBE, AKAM, ALB, ALGN, MO, AIG, AMP, IVZ, ANSS, APA, AIV, AVY, BIIB, BLK, BWA, CBRE, CSX, CAT, SCHW, XEC, CTSH, CL, DXC, COP, COST, DVA, DE, DVN, DRE, EOG, EMN, EA, EMR, EFX, FMC, FDX, FISV, FLS, FL, F, FCX, IT, GD, GE, GS, HP, HST, ITW, ILMN, IP, JBHT, JPM, JCI, KLAC, KIM, LKQ, LH, LRCX, LNC, LOW, MRO, MAR, MAS, MET, MCHP, MU, MS, NVDA, NOV, NTAP, NKE, NBL, NOC, OMC, PNC, PPG, PKG, PBCT, PKI, PVH, RL, BKNG, PFG, PWR, RTN, REG, REGN, ROL, SLG, CRM, STX, SNA, TXN, TIF, GL, TSS, UAA, UDR, UPS, URI, UTX, UNM, VAR, VRTX, WAT, WDC, WHR, WYNN, ZBH, ZION, EBAY, HBI, IPGP, BR, TEL, ULTA, FTI, PM, HCA, HII, FBHS, XYL, CPRI, ABBV, NCLH, TWTR, QRVO, HPE, BHGE, IGSB, EEM, FBT, FBZ, HYG, IEMG, IJH, IWM, MUB, PFF, SJNK,
• Reduced Positions: SPDW, XSLV, RSP, HYLB, SHY, HD, PEP, KO, FIS, SYK, AGN, AAPL, FRT, PAYX, O, MPC, GPC, ORCL, PSA, RSG, SBUX, VZ, L, AJG, CVS, CCI, DOV, ECL, HON, HBAN, JKHY, MMC, PFE, RF, TRV, WM, WU, AFL, APD, CME, EQR, MDLZ, MCD, MRK, TJX, CTXS, CMI, XOM, IFF, GM, IJR, DUK, DGX, YUM, VRSK, VO, DHR, EXC, QCOM, SPG, XEL, ED, DTE, D, PEG, DIS, LNT, AEP, CMS, CNP, NEE, JNJ, ES, PNW, EVRG, AVGO, DD, ETR, FE, SO, WEC, AWK, ADP, DOW, ABT, BNS, LMT, TOT, FXL, IWF, QTEC, SPY, VTV, AXP, CELG, DISH, EL, PACW, ISRG, OXY, SU, WMT, XRX, DAL, ANET, BICK, FDN, FDT, FSZ, VSS,
• Sold Out: SPEM, SHV, BKF, XMLV, PHO, JNK, AVB, AMZN, ANTM, UL, HSBC, ADM, USB, NTR, MGA, BRK.B, AEE, BAC, SJM, FXH, BA, SRCL, BHF, COTY, ADI, APC, AMAT, APH, ALXN, FTNT, ADSK, TGT, GT, EW, BBY, BDX, BAX, BK,

For the details of Horizon Investments, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/horizon+investments%2C+llc/current-portfolio/portfolio

1. SPDR S&P 500 ETF Trust (SPY) - 1,200,000 shares, 11.14% of the total portfolio.
2. iShares Russell 2000 ETF (IWM) - 2,050,000 shares, 10.10% of the total portfolio.
3. SPDR Portfolio S&P 500 Growth ETF (SPYG) - 7,421,267 shares, 9.11% of the total portfolio. Shares added by 3.19%
4. iShares China Large-Cap ETF (FXI) - 5,026,267 shares, 6.81% of the total portfolio. New Position
5. iShares Core Dividend Growth ETF (DGRO) - 4,899,053 shares, 5.93% of the total portfolio. Shares added by 156.89%

Horizon Investments, LLC initiated holding in iShares China Large-Cap ETF. The purchase prices were between $39.53 and $45.39, with an estimated average price of $42.36. The stock is now traded at around $39.12. The impact to a portfolio due to this purchase was 6.81%. The holding were 5,026,267 shares as of .

Horizon Investments, LLC initiated holding in SPDR Portfolio S&P 500 Value ETF. The purchase prices were between $29.12 and $31.55, with an estimated average price of $30.77. The stock is now traded at around $30.86. The impact to a portfolio due to this purchase was 5.51%. The holding were 5,559,653 shares as of .

Horizon Investments, LLC initiated holding in PowerShares QQQ Trust Ser 1. The purchase prices were between $170.12 and $191.11, with an estimated average price of $184. The stock is now traded at around $188.14. The impact to a portfolio due to this purchase was 4.01%. The holding were 677,824 shares as of .

Horizon Investments, LLC initiated holding in iShares Edge MSCI USA Momentum Factor ETF. The purchase prices were between $111.41 and $120.45, with an estimated average price of $114.43. The stock is now traded at around $120.46. The impact to a portfolio due to this purchase was 2.3%. The holding were 613,140 shares as of .

Horizon Investments, LLC initiated holding in Deutsche X-trackers Harvest CSI 300 China A-Shares. The purchase prices were between $25.66 and $30.79, with an estimated average price of $27.89. The stock is now traded at around $27.10. The impact to a portfolio due to this purchase was 0.55%. The holding were 618,884 shares as of .

Horizon Investments, LLC initiated holding in iShares 3-7 Year Treasury Bond ETF. The purchase prices were between $121.25 and $125.45, with an estimated average price of $123.02. The stock is now traded at around $127.54. The impact to a portfolio due to this purchase was 0.47%. The holding were 117,477 shares as of .

Horizon Investments, LLC added to a holding in iShares Core Dividend Growth ETF by 156.89%. The purchase prices were between $35.71 and $38.38, with an estimated average price of $37.29. The stock is now traded at around $37.91. The impact to a portfolio due to this purchase was 3.62%. The holding were 4,899,053 shares as of .

Horizon Investments, LLC added to a holding in SPDR Barclays Intermediate Term Corporate Bond ETF by 22.77%. The purchase prices were between $33.99 and $34.93, with an estimated average price of $34.29. The stock is now traded at around $35.32. The impact to a portfolio due to this purchase was 0.31%. The holding were 1,487,630 shares as of .

Horizon Investments, LLC added to a holding in Walgreens Boots Alliance Inc by 2070.04%. The purchase prices were between $49.34 and $63.49, with an estimated average price of $53.16. The stock is now traded at around $51.12. The impact to a portfolio due to this purchase was 0.12%. The holding were 73,521 shares as of .

Horizon Investments, LLC added to a holding in Wells Fargo & Co by 274.69%. The purchase prices were between $44.37 and $49.17, with an estimated average price of $46.77. The stock is now traded at around $44.86. The impact to a portfolio due to this purchase was 0.12%. The holding were 104,262 shares as of .

Horizon Investments, LLC added to a holding in Comerica Inc by 1827.20%. The purchase prices were between $68.82 and $80.33, with an estimated average price of $74.33. The stock is now traded at around $61.05. The impact to a portfolio due to this purchase was 0.11%. The holding were 52,497 shares as of .

Horizon Investments, LLC added to a holding in Skyworks Solutions Inc by 1333.46%. The purchase prices were between $66.63 and $93.56, with an estimated average price of $79.3. The stock is now traded at around $77.07. The impact to a portfolio due to this purchase was 0.11%. The holding were 47,003 shares as of .

Horizon Investments, LLC sold out a holding in SPDR Portfolio Emerging Markets ETF. The sale prices were between $33.56 and $36.86, with an estimated average price of $35.43.

Horizon Investments, LLC sold out a holding in iShares Short Treasury Bond ETF. The sale prices were between $110.35 and $110.67, with an estimated average price of $110.5.

Horizon Investments, LLC sold out a holding in iShares MSCI BRIC ETF. The sale prices were between $39.47 and $44.03, with an estimated average price of $41.92.

Horizon Investments, LLC sold out a holding in Invesco S&P MidCap Low Volatility ETF. The sale prices were between $49.61 and $52.22, with an estimated average price of $50.72.

Horizon Investments, LLC sold out a holding in Invesco Water Resources ETF. The sale prices were between $33.08 and $35.61, with an estimated average price of $34.26.

Horizon Investments, LLC sold out a holding in SPDR Barclays High Yield Bond ETF. The sale prices were between $105.16 and $108.96, with an estimated average price of $106.88.