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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
Anheuser-Busch InBev NV April 29, 2026 Acknowledge Resignation of Nitin Nohria as Director and Elect Fabrizio Freda as Director Director Elections Board AGAINST 2
Anheuser-Busch InBev NV April 29, 2026 Acknowledge Resignation of Salvatore Mancuso as Restricted Share Director and Elect Jennifer Hunter as Restricted Share Director Director Elections Board AGAINST 2
Anheuser-Busch InBev NV April 29, 2026 Approve Remuneration Policy Compensation Board AGAINST 2
Anheuser-Busch InBev NV April 29, 2026 Approve Remuneration Report Compensation Board AGAINST 2
Anheuser-Busch InBev NV April 29, 2026 Authorize Repurchase of Up to 20 Percent of Issued Share Capital Capital Structure Board AGAINST 2
Anheuser-Busch InBev NV April 29, 2026 Reelect Alejandro Santo Domingo as Restricted Share Director Director Elections Board AGAINST 2
Apollo Global Management, Inc. June 8, 2026 An advisory vote to approve the compensation of AGM's named executive officers (Say on Pay); Say-on-Pay Board AGAINST 2
AppLovin Corporation June 3, 2026 Approval, on an advisory basis, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 2
AppLovin Corporation June 3, 2026 Election of Directors: ADAM FOROUGHI Director Elections Board WITHHOLD 2
AppLovin Corporation June 3, 2026 Election of Directors: BARBARA MESSING Director Elections Board WITHHOLD 2
AppLovin Corporation June 3, 2026 Election of Directors: EDUARDO VIVAS Director Elections Board WITHHOLD 2
AppLovin Corporation June 3, 2026 Election of Directors: HERALD CHEN Director Elections Board WITHHOLD 2
AppLovin Corporation June 3, 2026 Election of Directors: MARGARET GEORGIADIS Director Elections Board WITHHOLD 2
AppLovin Corporation June 3, 2026 Election of Directors: MAYNARD WEBB Director Elections Board WITHHOLD 2
Ares Management Corporation June 8, 2026 Election of Directors: Antoinette Bush Director Elections Board AGAINST 2
Ares Management Corporation June 8, 2026 Election of Directors: Antony P. Ressler Director Elections Board AGAINST 2
Ares Management Corporation June 8, 2026 Election of Directors: Ashish Bhutani Director Elections Board AGAINST 2
Ares Management Corporation June 8, 2026 Election of Directors: Bennett Rosenthal Director Elections Board AGAINST 2
Ares Management Corporation June 8, 2026 Election of Directors: David B. Kaplan Director Elections Board AGAINST 2
Ares Management Corporation June 8, 2026 Election of Directors: Dr. Judy D. Olian Director Elections Board AGAINST 2
Ares Management Corporation June 8, 2026 Election of Directors: Eileen Naughton Director Elections Board AGAINST 2
Ares Management Corporation June 8, 2026 Election of Directors: Michael J Arougheti Director Elections Board AGAINST 2
Ares Management Corporation June 8, 2026 Election of Directors: Michael Lynton Director Elections Board AGAINST 2
Ares Management Corporation June 8, 2026 Election of Directors: Paul G. Joubert Director Elections Board AGAINST 2
Ares Management Corporation June 8, 2026 Election of Directors: R. Kipp deVeer Director Elections Board AGAINST 2
Arm Holdings Plc September 9, 2025 Approve Remuneration Report Compensation Board AGAINST 2
Arm Holdings Plc September 9, 2025 Elect Jeffrey A. Sine as Director Director Elections Board AGAINST 2
Arm Holdings Plc September 9, 2025 Elect Masayoshi Son as Director Director Elections Board AGAINST 2
Arm Holdings Plc September 9, 2025 Elect Rene Haas as Director Director Elections Board AGAINST 2
Arm Holdings Plc September 9, 2025 Elect Ronald D. Fisher as Director Director Elections Board AGAINST 2
Astellas Pharma, Inc. June 19, 2026 Elect Director and Audit Committee Member Takahara, Shigeki Director Elections Board AGAINST 2
Atlas Copco AB April 28, 2026 Reelect Hans Straberg as Board Chair Director Elections Board AGAINST 2
Atlas Copco AB April 28, 2026 Reelect Hans Straberg as Director Director Elections Board AGAINST 2
Atlas Copco AB April 28, 2026 Reelect Peter Wallenberg Jr as Director Director Elections Board AGAINST 2
Bouygues SA April 23, 2026 Approve Compensation of Pascal Grange, Vice-CEO Compensation Board AGAINST 2
Bouygues SA April 23, 2026 Approve Remuneration Policy of CEO and Vice-CEOs Compensation Board AGAINST 2
Bouygues SA April 23, 2026 Authorize Repurchase of Up to 5 Percent of Issued Share Capital Capital Structure Board AGAINST 2
Bridgestone Corp. March 24, 2026 Elect Director Masuda, Kenichi Director Elections Board AGAINST 2
Bridgestone Corp. March 24, 2026 Elect Director Scott Trevor Davis Director Elections Board AGAINST 2
CK Asset Holdings Limited May 21, 2026 Approve Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
CK Hutchison Holdings Limited May 21, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
CMOC Group Limited April 28, 2026 Approve Grant of General Mandate to the Board for Issuance of Additional A Shares and/or H Shares Capital Structure Board AGAINST 2
CMOC Group Limited April 28, 2026 Approve Purchase of Structured Deposit with Internal Idle Fund Extraordinary Transactions Board AGAINST 2
CMOC Group Limited April 28, 2026 Authorize Board to Decide on Issuance of Debt Financing Instruments Capital Structure Board AGAINST 2
CTBC Financial Holding Co., Ltd. June 12, 2026 Approve Issuance of Restricted Stocks Compensation Board AGAINST 2
Chemed Corporation May 18, 2026 Advisory vote to approve executive compensation. Say-on-Pay Board AGAINST 2
China Hongqiao Group Limited May 19, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
China Hongqiao Group Limited May 19, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
China Pacific Insurance (Group) Co., Ltd. June 10, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
China Resources Land Limited June 9, 2026 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
China Resources Land Limited June 9, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
China Resources Land Limited June 9, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Adjustments to the Proposal in Respect of the Transaction and the Proposed Issuance of A Shares Not Constituting Material Adjustments Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Circumstances Regarding the Dilution of Immediate Return Arising from the Transaction and the Remedial Measures Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Circumstances of the Company's Purchase and Sale of Assets within 12 Months Prior to the Transaction and the Proposed Issuance of A Shares Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Confidentiality Measures and Confidentiality Procedures Adopted in Connection with the Transaction and the Proposed Issuance of A Shares Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Confirmation that None of Relevant Parties to Transaction and Proposed Issuance of A Shares Falls Under Article 12 of Regulatory Guidelines for Listed Companies No. 7 that Prohibit Participation in Major Asset Restructuring of a Listed Company Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Confirmation that the Company does not Fall within the Circumstance Under Article 11 of the Administrative Measures for the Registration of Securities Offerings of Listed Companies that would Prohibit the Issuance of Shares to Specific Targets Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Execution of Conditional Agreements with the Counterparties to the Transaction Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Explanation Regarding the Completeness and Compliance of the Statutory Procedures Performed for the Transaction and the Proposed Issuance of A Shares and the Validity of the Legal Documents Submitted Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Independence of the Valuation Institutions, Reasonableness of the Valuation Assumptions, Relevance of the Valuation Methodologies to the Valuation Purposes, and Fairness of the Valuation Pricing Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Overall Proposal of the Transaction and the Proposed Issuance of A Shares Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Performance Commitment and Compensation Arrangements Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Price Movement of the Company's Shares Prior to the Information Disclosure in Relation to the Transaction and the Proposed Issuance of A Shares Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Proposed Issuance of A Shares - Arrangements for Accumulated Undistributed Profits Capital Structure Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Proposed Issuance of A Shares - Issue Method, Target Subscribers and Subscription Method Capital Structure Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Proposed Issuance of A Shares - Lock-up Period Capital Structure Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Proposed Issuance of A Shares - Number of Shares to be Issued Capital Structure Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Proposed Issuance of A Shares - Pricing Basis, Pricing Benchmark Date and Issuance Price for Shares to be Issued Capital Structure Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Proposed Issuance of A Shares - Type, Par Value and Listing Venue of Shares to be Issued Capital Structure Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Proposed Issuance of A Shares - Use of Proceeds to be Raised Capital Structure Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Report (Draft) of China Shenhua on the Purchase of Assets Through the Issuance of Shares and Cash Payment, the Raising of Supporting Funds, and the Related Transaction and Its Summary Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Review Reports, Audit Reports and Asset Valuation Reports Relating to the Transaction and the Proposed Issuance of A Shares Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction - Arrangements for Accumulated Undistributed Profits Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction - Attribution of Profits and Losses for the Transition Period Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction - Counterparties Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction - Issuance Price and Pricing Basis Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction - Issue Method Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction - Lock-up Period Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction - Number of Shares to be Issued Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction - Target Assets Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction - Target Subscriber and Subscription Method Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction - Transaction Price and Payment Method Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction - Type, Par Value and Listing Venue of Shares to be Issued Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction and Proposed Issuance of A Shares Complying with the Relevant Laws and Regulations Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction and the Proposed Issuance of A Shares Complying with Articles 11, 43 and 44 of the Administrative Measures for the Major Asset Restructuring of Listed Companies Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction and the Proposed Issuance of A Shares Constituting Related Transaction Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction and the Proposed Issuance of A Shares Not Constituting Major Asset Restructuring Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Transaction and the Proposed Issuance of A Shares Not Constituting Reorganization and Listing Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Approve Validity Period of the Resolutions Extraordinary Transactions Board AGAINST 2
China Shenhua Energy Company Limited January 23, 2026 Authorize Board and Its Authorized Persons to Handle All Matters in Relation to the Transaction and the Proposed Issuance of A Shares Extraordinary Transactions Board AGAINST 2
Clear Secure, Inc. June 10, 2026 Approval of, on an advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 2
Coca-Cola Consolidated, Inc. May 12, 2026 Election of the 11 nominees as directors: David M. Katz Director Elections Board WITHHOLD 2
Coca-Cola Consolidated, Inc. May 12, 2026 Election of the 11 nominees as directors: Dennis A. Wicker Director Elections Board WITHHOLD 2
Coca-Cola Consolidated, Inc. May 12, 2026 Election of the 11 nominees as directors: J. Frank Harrison, III Director Elections Board WITHHOLD 2
Coca-Cola Consolidated, Inc. May 12, 2026 Election of the 11 nominees as directors: James H. Morgan Director Elections Board WITHHOLD 2
Coca-Cola Consolidated, Inc. May 12, 2026 Election of the 11 nominees as directors: Morgan H. Everett Director Elections Board WITHHOLD 2
Coca-Cola Europacific Partners plc May 28, 2026 Re-elect Jose Ignacio Comenge as Director Director Elections Board AGAINST 2
Coca-Cola Europacific Partners plc May 28, 2026 Re-elect Manolo Arroyo as Director Director Elections Board AGAINST 2
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP April 28, 2026 Approve Restricted Stock Plan (Bonus Estrela) Compensation Board AGAINST 2

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Built October 18, 2026 from SEC Form N-PX filings.