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Horizon Funds 2025-2026: where it broke with the board

Two kinds of vote are listed: a board-sponsored proposal Horizon Funds voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.

Everything Only shareholder proposals it backed

657 proposals.

Horizon Funds, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedHorizon Funds votedFunds
A. O. Smith Corporation April 13, 2026 Election of directors: Dr. Ilham Kadri Director Elections Board WITHHOLD 3
Alibaba Group Holding Limited September 25, 2025 Approve PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as U.S. and Hong Kong Auditors, Respectively, and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 3
Bloom Energy Corporation May 21, 2026 Election of our four Class II Directors: Barbara Burger Director Elections Board WITHHOLD 3
Bloom Energy Corporation May 21, 2026 Election of our four Class II Directors: Eddy Zervigon Director Elections Board WITHHOLD 3
Cloudflare, Inc. June 30, 2026 Approval and adoption of amendments to implement a stock split in which (i) each share of Class A common stock would become one share of Class A common stock and one share of Class C common stock; and (ii) each share of Class B common stock would become one share of Class B common stock and one share of Class C common stock. Capital Structure Board AGAINST 3
Cloudflare, Inc. June 30, 2026 Approval and adoption of amendments to increase the number of authorized shares of Class A common stock from 2,250,000,000 to 4,500,000,000. Capital Structure Board AGAINST 3
Cloudflare, Inc. June 30, 2026 Approval and adoption of amendments to provide for the equal treatment of shares of Class A common stock, Class B common stock, and Class C common stock in connection with dividends and distributions, certain transactions, and upon our liquidation, dissolution, or winding up. Capital Structure Board AGAINST 3
Cloudflare, Inc. June 30, 2026 Approval and adoption of an amendment and restatement of our amended and restated certificate of incorporation: Approval and adoption of amendments to establish the Class C common stock. Capital Structure Board AGAINST 3
Cloudflare, Inc. June 30, 2026 Approval of the amendment and restatement of our 2019 Equity Incentive Plan. Compensation Board AGAINST 3
Cloudflare, Inc. June 30, 2026 Approval of the amendment and restatement of our Amended and Restated 2019 Employee Stock Purchase Plan. Compensation Board AGAINST 3
Cloudflare, Inc. June 30, 2026 Approval, on an advisory basis, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 3
Cloudflare, Inc. June 30, 2026 Election of Class I directors: Karim Lakhani Director Elections Board WITHHOLD 3
Coinbase Global, Inc. June 16, 2026 Election of Directors: Brian Armstrong Director Elections Board WITHHOLD 3
Coinbase Global, Inc. June 16, 2026 Election of Directors: Frederick Ernest Ehrsam III Director Elections Board WITHHOLD 3
Coinbase Global, Inc. June 16, 2026 Election of Directors: Gokul Rajaram Director Elections Board WITHHOLD 3
Coinbase Global, Inc. June 16, 2026 Election of Directors: Marc L. Andreessen Director Elections Board WITHHOLD 3
Dell Technologies Inc. June 25, 2026 Approval of the Redomestication Proposal providing for the redomestication of Dell Technologies Inc. from Delaware to Texas by conversion as disclosed in the proxy statement Extraordinary Transactions Board AGAINST 3
Dell Technologies Inc. June 25, 2026 Approval, on a non-binding, advisory basis, of the compensation of Dell Technologies Inc.'s named executive officers as disclosed in the proxy statement Say-on-Pay Board AGAINST 3
Dell Technologies Inc. June 25, 2026 Election of Group I Directors: David W. Dorman Director Elections Board WITHHOLD 3
Dell Technologies Inc. June 25, 2026 Election of Group I Directors: Ellen J. Kullman Director Elections Board WITHHOLD 3
Dell Technologies Inc. June 25, 2026 Election of Group I Directors: Michael S. Dell Director Elections Board WITHHOLD 3
Expedia Group, Inc. June 17, 2026 Election of Directors: Alexandr Wang Director Elections Board WITHHOLD 3
Expedia Group, Inc. June 17, 2026 Election of Directors: Barry Diller Director Elections Board WITHHOLD 3
HP Inc. April 16, 2026 To approve the Fifth Amended and Restated HP Inc. 2004 Stock Incentive Plan. Compensation Board AGAINST 3
IQVIA Holdings Inc. April 23, 2026 Approve the adoption of the IQVIA Holdings Inc. 2026 Incentive and Stock Award Plan. Compensation Board AGAINST 3
Knight-Swift Transportation Holdings Inc. May 12, 2026 Vote on a stockholder proposal regarding support for transparency in political spending. Other Social Issues Shareholder Against FOR 3
Lennar Corporation April 8, 2026 Elect nine directors to serve until the 2027 Annual Meeting of Stockholders: Jeffrey Sonnenfeld Director Elections Board AGAINST 3
Lennar Corporation April 8, 2026 Elect nine directors to serve until the 2027 Annual Meeting of Stockholders: Stuart Miller Director Elections Board AGAINST 3
Marvell Technology, Inc. June 25, 2026 An advisory (non-binding) vote to approve compensation of our named executive officers. Say-on-Pay Board AGAINST 3
NIKE, Inc. September 9, 2025 Class B director nominees: To elect a Board of Directors for the ensuing year: John Rogers, Jr. Director Elections Board WITHHOLD 3
NVR, Inc. May 7, 2026 Shareholder proposal to disclose greenhouse gas emissions. Environment or Climate Shareholder Against FOR 3
NetEase, Inc. June 23, 2026 Adopt Consultant Sublimit Compensation Board AGAINST 3
NetEase, Inc. June 23, 2026 Amend and Restate the Amended and Restated 2019 Share Incentive Plan as the Second Amended and Restated 2019 Share Incentive Plan Compensation Board AGAINST 3
NetEase, Inc. June 23, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 3
NetEase, Inc. June 23, 2026 Approve PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 3
Oklo Inc. June 3, 2026 Election of Directors: Richard W. Kinzley Director Elections Board WITHHOLD 3
Omnicom Group Inc. May 5, 2026 Advisory resolution to approve executive compensation. Say-on-Pay Board AGAINST 3
Otis Worldwide Corporation May 27, 2026 Shareholder proposal regarding reporting on political contributions and expenditures Other Social Issues Shareholder Against FOR 3
PDD Holdings Inc. December 19, 2025 Elect Director Haifeng Lin Director Elections Board AGAINST 3
PDD Holdings Inc. December 19, 2025 Elect Director Jiazhen Zhao Director Elections Board AGAINST 3
PDD Holdings Inc. December 19, 2025 Elect Director Lei Chen Director Elections Board AGAINST 3
Public Storage May 6, 2026 Election of Trustees: Shankh S. Mitra Director Elections Board AGAINST 3
Steel Dynamics, Inc. May 6, 2026 SHAREHOLDER PROPOSAL - AVOID POLITICAL SPENDING BRAND DAMAGE Other Social Issues Shareholder Against FOR 3
Tyson Foods, Inc. February 5, 2026 Election of Directors: Barbara A. Tyson Director Elections Board AGAINST 3
Tyson Foods, Inc. February 5, 2026 Election of Directors: Cheryl S. Miller Director Elections Board AGAINST 3
Tyson Foods, Inc. February 5, 2026 Election of Directors: David J. Bronczek Director Elections Board AGAINST 3
Tyson Foods, Inc. February 5, 2026 Election of Directors: John H. Tyson Director Elections Board AGAINST 3
Tyson Foods, Inc. February 5, 2026 Election of Directors: John R. Tyson Director Elections Board AGAINST 3
Tyson Foods, Inc. February 5, 2026 Election of Directors: Maria Claudia Borras Director Elections Board AGAINST 3
Tyson Foods, Inc. February 5, 2026 Election of Directors: Maria N. Martinez Director Elections Board AGAINST 3
Tyson Foods, Inc. February 5, 2026 Election of Directors: Mike Beebe Director Elections Board AGAINST 3
Tyson Foods, Inc. February 5, 2026 Election of Directors: Olivia L. Tyson Director Elections Board AGAINST 3
Tyson Foods, Inc. February 5, 2026 To approve the amendment and restatement of the Tyson Foods, Inc. 2000 Stock Incentive Plan, a copy of which is attached to the Proxy Statement as Exhibit A. Compensation Board AGAINST 3
Tyson Foods, Inc. February 5, 2026 To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 3
Universal Health Services, Inc. May 20, 2026 Election of Director: Nina Chen-Langenmayr Director Elections Board WITHHOLD 3
Warner Bros. Discovery, Inc. April 23, 2026 To approve, on an advisory (nonbinding) basis, the compensation that may be paid or become payable to WBD's named executive officers that is based on or otherwise relates to the Merger. Say-on-Pay Board AGAINST 3
ADT Inc. May 27, 2026 Election of Directors To be elected for terms expiring in 2027: Danielle Tiedt Director Elections Board WITHHOLD 2
ANTA Sports Products Limited May 12, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
ANTA Sports Products Limited May 12, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
ANZ Group Holdings Limited December 18, 2025 Approve Remuneration Report Compensation Board AGAINST 2
ANZ Group Holdings Limited December 18, 2025 Approve the Spill Resolution Compensation Board AGAINST 2
ASSA ABLOY AB April 28, 2026 Approve Performance Share Matching Plan LTI 2026 for Senior Executives and Key Employees Compensation Board AGAINST 2
ASSA ABLOY AB April 28, 2026 Reelect Johan Hjertonsson (Chair), Carl Douglas (Vice Chair), Erik Ekudden, Sofia Schorling Hogberg, Lena Olving, Victoria Van Camp and Susanne Pahlen Aklundh as Directors; Elect Astrid Mozes and Jurgen Timperman as New Directors Director Elections Board AGAINST 2
AXA SA April 30, 2026 Reelect Gerald Harlin as Director Director Elections Board AGAINST 2
Aena S.M.E. SA April 16, 2026 Reelect Maurici Lucena Betriu as Director Director Elections Board AGAINST 2
AerCap Holdings NV April 15, 2026 Approve Increase in Number of Ordinary Shares for Issuance under the Equity Incentive Plan Compensation Board AGAINST 2
AerCap Holdings NV April 15, 2026 Approve Report of the Nomination and Compensation Committee Compensation Board AGAINST 2
Akamai Technologies, Inc. May 13, 2026 To approve an amendment to our Second Amended and Restated 2013 Stock Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder by 8,000,000 shares. Compensation Board AGAINST 2
Akamai Technologies, Inc. May 13, 2026 To vote upon a shareholder proposal requiring the Company to provide a report on political spending. Other Social Issues Shareholder Against FOR 2
Alfa Laval AB April 22, 2026 Approve Remuneration Report Compensation Board AGAINST 2
Alfa Laval AB April 22, 2026 Reelect Jorn Rausing as Director Director Elections Board AGAINST 2
Alfa Laval AB April 22, 2026 Reelect Ulf Wiinberg as Director Director Elections Board AGAINST 2
Ambev SA April 30, 2026 Elect Fabio Colletti Barbosa as Director Director Elections Board AGAINST 2
Ambev SA April 30, 2026 Elect Fernando Mommensohn Tennenbaum as Director Director Elections Board AGAINST 2
Ambev SA April 30, 2026 Elect Fiscal Council Members Compensation Board ABSTAIN 2
Ambev SA April 30, 2026 Elect Lia Machado de Matos as Director Director Elections Board AGAINST 2
Ambev SA April 30, 2026 Elect Michel Dimitrios Doukeris as Director and Ricardo Tadeu Almeida Cabral de Soares as Alternate (Not Linked to Any Specific Director) Director Elections Board AGAINST 2
Ambev SA April 30, 2026 Elect Milton Seligman as Director and David Henrique Galatro de Almeida as Alternate (Not Linked to Any Specific Director) Director Elections Board AGAINST 2
Ambev SA April 30, 2026 Elect Ricardo Manuel Frangatos Pires Moreira as Director Director Elections Board AGAINST 2
Ambev SA April 30, 2026 Elect Victorio Carlos De Marchi as Director Director Elections Board AGAINST 2
Ambev SA April 30, 2026 In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? Director Elections Board ABSTAIN 2
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Fabio Colletti Barbosa as Director Director Elections Board ABSTAIN 2
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Fernanda Gemael Hoefel as Independent Director Director Elections Board ABSTAIN 2
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Fernando Mommensohn Tennenbaum as Director Director Elections Board ABSTAIN 2
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Lia Machado de Matos as Director Director Elections Board ABSTAIN 2
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Luciana Pires Dias as Independent Director Director Elections Board ABSTAIN 2
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Michel Dimitrios Doukeris as Director and Ricardo Tadeu Almeida Cabral de Soares as Alternate (Not Linked to Any Specific Director) Director Elections Board ABSTAIN 2
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Milton Seligman as Director and David Henrique Galatro de Almeida as Alternate (Not Linked to Any Specific Director) Director Elections Board ABSTAIN 2
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Ricardo Manuel Frangatos Pires Moreira as Director Director Elections Board ABSTAIN 2
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Victorio Carlos De Marchi as Director Director Elections Board ABSTAIN 2
America Movil SAB de CV April 23, 2026 Approve Consolidated Financial Statements, Allocation of Income and Dividends Capital Structure Board AGAINST 2
America Movil SAB de CV April 23, 2026 Elect and/or Ratify Antonio Cosio Pando as Director Director Elections Board AGAINST 2
Amneal Pharmaceuticals, Inc. May 6, 2026 Election of Directors: Deb Autor Director Elections Board AGAINST 2
Amneal Pharmaceuticals, Inc. May 6, 2026 Election of Directors: J. Kevin Buchi Director Elections Board AGAINST 2
Amneal Pharmaceuticals, Inc. May 6, 2026 Election of Directors: Jeff George Director Elections Board AGAINST 2
Amneal Pharmaceuticals, Inc. May 6, 2026 Election of Directors: John Kiely Director Elections Board AGAINST 2
Amneal Pharmaceuticals, Inc. May 6, 2026 Election of Directors: Paul Meister Director Elections Board AGAINST 2
Amneal Pharmaceuticals, Inc. May 6, 2026 Election of Directors: Shlomo Yanai Director Elections Board AGAINST 2
Anheuser-Busch InBev NV April 29, 2026 Acknowledge Resignation of Heloisa Sicupira as Director and Elect Miguel Patricio as Director Director Elections Board AGAINST 2
Anheuser-Busch InBev NV April 29, 2026 Acknowledge Resignation of Martin J. Barrington as Restricted Share Director and Elect William F. Gifford, Jr. as Restricted Share Director Director Elections Board AGAINST 2

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Built October 13, 2026 from SEC Form N-PX filings.