# EDGAR Filing Document

**Accession Number:** 0001674020
**File Stem:** 0001085146-23-000162
**Filing Date:** 2023-1
**Character Count:** 9925
**Document Hash:** b5de456616a895369b1611bc056ea846
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-000162.hdr.sgml**: 20230118

**ACCESSION NUMBER**: 0001085146-23-000162

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230118

**DATE AS OF CHANGE**: 20230117

**EFFECTIVENESS DATE**: 20230118

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HORIZON FINANCIAL SERVICES, LLC
- **CENTRAL INDEX KEY:** 0001674020
- **IRS NUMBER:** 452847732
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20382
- **FILM NUMBER:** 23532818

**BUSINESS ADDRESS:**
- **STREET 1:** 3880 VEST MILL RD, STE 100
- **CITY:** WINSTON SALEM
- **STATE:** NC
- **ZIP:** 27103
- **BUSINESS PHONE:** 3366597060

**MAIL ADDRESS:**
- **STREET 1:** 3880 VEST MILL RD, STE 100
- **CITY:** WINSTON SALEM
- **STATE:** NC
- **ZIP:** 27103

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** HORIZON FINANCIAL SERVICES LLC<br>**Address:** 3880 VEST MILL RD STE 100<br>WINSTON SALEM, NC 27103

**Form 13F File Number:** 028-20382

**CRD Number (if applicable):** 000158798

**SEC File Number (if applicable):** 801-113778

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** YVONNE ALBARRAN<br>**Title:** ASSISTANT COMPLIANCE OFFICER<br>**Phone:** 336-659-7060

**Signature, Place, and Date of Signing:**

/s/YVONNE ALBARRAN  WINSTON-SALEM, NC  01-17-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 52

**Form 13F Information Table Value Total:** $115758058

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name               | Form 13F File Number   |
|:---|:---|:---|
|  | Advisory Alpha LLC | 028-15942              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 381780 | 4545 | SH |  | SOLE | 1 | 0 | 0 | 4545 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 516985 | 3979 | SH |  | SOLE | 1 | 0 | 0 | 3979 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 | BBG011DXY6D4 | 243480 | 10028 | SH |  | SOLE | 1 | 0 | 0 | 10028 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 534702 | 5192 | SH |  | SOLE | 1 | 0 | 0 | 5192 |
| GENUINE PARTS CO | COM | 372460105 | BBG001S5RNH7 | 269635 | 1554 | SH |  | SOLE | 1 | 0 | 0 | 1554 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 710685 | 2250 | SH |  | SOLE | 1 | 0 | 0 | 2250 |
| INVESCO EXCH TRADED FD TR II | GBL SRT TRM HY | 46138E669 | BBG004Q00341 | 223432 | 11631 | SH |  | SOLE | 1 | 0 | 0 | 11631 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 | BBG001V0MBC0 | 4663431 | 227152 | SH |  | SOLE | 1 | 0 | 0 | 227152 |
| INVESCO EXCH TRADED FD TR II | VAR RATE PFD | 46138G870 | BBG006F9S8B0 | 3642920 | 162703 | SH |  | SOLE | 1 | 0 | 0 | 162703 |
| ISHARES INC | JP MRGN EM HI BD | 464286285 | BBG002VCZQS8 | 350589 | 10024 | SH |  | SOLE | 1 | 0 | 0 | 10024 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 | BBG005DW06B7 | 672864 | 16455 | SH |  | SOLE | 1 | 0 | 0 | 16455 |
| ISHARES TR | BROAD USD HIGH | 46435U853 | BBG00J2DS0J6 | 8111339 | 234907 | SH |  | SOLE | 1 | 0 | 0 | 234907 |
| ISHARES TR | CMBS ETF | 46429B366 | BBG002NCLTH8 | 259575 | 5654 | SH |  | SOLE | 1 | 0 | 0 | 5654 |
| ISHARES TR | CONV BD ETF | 46435G102 | BBG009BKDMM6 | 2582617 | 37176 | SH |  | SOLE | 1 | 0 | 0 | 37176 |
| ISHARES TR | CRE U S REIT ETF | 464288521 | BBG001ST7G55 | 1629531 | 32953 | SH |  | SOLE | 1 | 0 | 0 | 32953 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 | BBG001SQS9Y2 | 2766516 | 32705 | SH |  | SOLE | 1 | 0 | 0 | 32705 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 | BBG00GP26NW0 | 783633 | 15632 | SH |  | SOLE | 1 | 0 | 0 | 15632 |
| JOUNCE THERAPEUTICS INC | COM | 481116101 | BBG0044BWH09 | 13326 | 12005 | SH |  | SOLE | 1 | 0 | 0 | 12005 |
| LOWES COS INC | COM | 548661107 | BBG001S5SVL3 | 343689 | 1725 | SH |  | SOLE | 1 | 0 | 0 | 1725 |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 808524888 | BBG001T6L7C0 | 2924067 | 92916 | SH |  | SOLE | 1 | 0 | 0 | 92916 |
| SCHWAB STRATEGIC TR | INT-TRM U.S TRES | 808524854 | BBG001T9F7C1 | 547290 | 11117 | SH |  | SOLE | 1 | 0 | 0 | 11117 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 | BBG001V036R6 | 7331155 | 111738 | SH |  | SOLE | 1 | 0 | 0 | 111738 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 | BBG001T5XQW5 | 7178458 | 177202 | SH |  | SOLE | 1 | 0 | 0 | 177202 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 | BBG001T9F777 | 2860258 | 55228 | SH |  | SOLE | 1 | 0 | 0 | 55228 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 | BBG00L5F9FV7 | 649264 | 13529 | SH |  | SOLE | 1 | 0 | 0 | 13529 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 | BBG001S7T1S7 | 295661 | 3380 | SH |  | SOLE | 1 | 0 | 0 | 3380 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | BBG001S7T223 | 679948 | 19882 | SH |  | SOLE | 1 | 0 | 0 | 19882 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 | BBG001S7T1Q9 | 937712 | 7260 | SH |  | SOLE | 1 | 0 | 0 | 7260 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 | BBG001S7T107 | 324154 | 4348 | SH |  | SOLE | 1 | 0 | 0 | 4348 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 | BBG001S7SCQ6 | 968224 | 7127 | SH |  | SOLE | 1 | 0 | 0 | 7127 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 | BBG001S7T232 | 709980 | 7229 | SH |  | SOLE | 1 | 0 | 0 | 7229 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 | BBG001S7R733 | 395784 | 5095 | SH |  | SOLE | 1 | 0 | 0 | 5095 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | BBG001S7TCZ5 | 2191786 | 17613 | SH |  | SOLE | 1 | 0 | 0 | 17613 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 | BBG001SRXRJ1 | 5906024 | 198923 | SH |  | SOLE | 1 | 0 | 0 | 198923 |
| SPDR INDEX SHS FDS | PORTFOLIO EMG MK | 78463X509 | BBG001SRXRD7 | 2949590 | 89490 | SH |  | SOLE | 1 | 0 | 0 | 89490 |
| SPDR SER TR | BLOOMBERG INVT | 78468R200 | BBG0029J2J00 | 617708 | 20326 | SH |  | SOLE | 1 | 0 | 0 | 20326 |
| SPDR SER TR | PORTFOLIO AGRGTE | 78464A649 | BBG001STKD11 | 306713 | 12205 | SH |  | SOLE | 1 | 0 | 0 | 12205 |
| SPDR SER TR | PORTFOLIO S | 78464A847 | BBG001SPT9T9 | 292742 | 6888 | SH |  | SOLE | 1 | 0 | 0 | 6888 |
| SPDR SER TR | PORTFOLIO S | 78464A854 | BBG001SPTB87 | 476881 | 10602 | SH |  | SOLE | 1 | 0 | 0 | 10602 |
| SPDR SER TR | PRTFLO S GW | 78464A409 | BBG001SD7RB9 | 10668063 | 210540 | SH |  | SOLE | 1 | 0 | 0 | 210540 |
| SPDR SER TR | PRTFLO S VL | 78464A508 | BBG001SG4284 | 8925140 | 229497 | SH |  | SOLE | 1 | 0 | 0 | 229497 |
| TRUIST FINL CORP | COM | 89832Q109 | BBG001S5YYC0 | 279445 | 6494 | SH |  | SOLE | 1 | 0 | 0 | 6494 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 296010 | 558 | SH |  | SOLE | 1 | 0 | 0 | 558 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 | BBG001SHTTS4 | 351099 | 1648 | SH |  | SOLE | 1 | 0 | 0 | 1648 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 | BBG001T2YZG9 | 351741 | 4081 | SH |  | SOLE | 1 | 0 | 0 | 4081 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 | BBG001T62M38 | 878421 | 11333 | SH |  | SOLE | 1 | 0 | 0 | 11333 |
| VANGUARD SCOTTSDALE FDS | LG-TERM COR BD | 92206C813 | BBG001T62M56 | 3636427 | 48031 | SH |  | SOLE | 1 | 0 | 0 | 48031 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 | BBG001T62MC8 | 2709678 | 43974 | SH |  | SOLE | 1 | 0 | 0 | 43974 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 | BBG001T62MF5 | 3822043 | 83964 | SH |  | SOLE | 1 | 0 | 0 | 83964 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 | BBG001T62M74 | 9855014 | 170443 | SH |  | SOLE | 1 | 0 | 0 | 170443 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 6429424 | 85509 | SH |  | SOLE | 1 | 0 | 0 | 85509 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 | BBG001SHTTR5 | 311425 | 975 | SH |  | SOLE | 1 | 0 | 0 | 975 |

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