# Portfolio overlap — PPAEX vs DIVN

Comparing **GMO U.S. Opportunistic Value Fund** (2026-02-28) and **Horizon Dividend Income ETF** (2026-02-28).

- Shared positions: 54
- GMO U.S. Opportunistic Value Fund covered by Horizon Dividend Income ETF: 0.3974173279126283045157353300
- Horizon Dividend Income ETF covered by GMO U.S. Opportunistic Value Fund: 0.3974173279126283045157353300

## GMO U.S. Opportunistic Value Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| EXXON MOBIL CORP | 0.041426 | ✓ |
| JOHNSON&JOHNSON | 0.038793 | ✓ |
| MERCK & CO | 0.030962 | ✓ |
| ALPHABET INC CL A | 0.029512 |  |
| VERIZON COMMUNICATIONS INC | 0.026755 | ✓ |
| CHEVRON CORP | 0.024295 | ✓ |
| PROCTER & GAMBLE | 0.023453 | ✓ |
| BANK OF AMERICA CORPORATION | 0.022882 |  |
| PFIZER INC | 0.022685 | ✓ |
| COMCAST CORP CL A | 0.020419 | ✓ |
| QUALCOMM INC | 0.019428 | ✓ |
| BRISTOL-MYERS SQUIBB CO | 0.018960 | ✓ |
| META PLATFORMS INC CL A | 0.017469 |  |
| AT&T INC | 0.017005 | ✓ |
| JPMORGAN CHASE and CO | 0.016638 |  |
| CISCO SYSTEMS INC | 0.016289 | ✓ |
| THE CIGNA GROUP | 0.015699 |  |
| EOG RESOURCES INC | 0.015057 | ✓ |
| TARGET CORP | 0.013474 | ✓ |
| UNITED PARCEL SERVICE INC CL B | 0.013037 |  |
| CITIGROUP INC | 0.012198 |  |
| PNC FINANCIAL SERVICES GRP INC | 0.011987 | ✓ |
| CVS HEALTH CORP | 0.011954 |  |
| GENERAL MOTORS CO | 0.011602 |  |
| FEDEX CORP | 0.011585 | ✓ |
| US BANCORP DEL | 0.011270 |  |
| PROGRESSIVE CORP OHIO | 0.011068 | ✓ |
| CONOCOPHILLIPS | 0.010955 | ✓ |
| PEPSICO INC | 0.010825 | ✓ |
| CAPITAL ONE FINANCIAL CORP | 0.010544 |  |
| REGENERON PHARMACEUTICALS INC | 0.010512 |  |
| HARTFORD INSURANCE GROUP INC/THE | 0.009319 | ✓ |
| ALLSTATE CORPORATION | 0.008756 | ✓ |
| UNITEDHEALTH GRP | 0.008528 |  |
| CHUBB LTD | 0.008419 |  |
| EBAY INC | 0.008073 |  |
| FORD MOTOR CO | 0.007749 |  |
| GILEAD SCIENCES INC | 0.007709 | ✓ |
| PAYPAL HOLDINGS | 0.007643 |  |
| TRUIST FINL CORP | 0.007364 |  |
| NORTHROP GRUMMAN CORP | 0.007197 |  |
| COGNIZANT TECH SOLUTIONS CL A | 0.007093 | ✓ |
| KROGER CO | 0.007037 |  |
| DR HORTON INC | 0.006858 |  |
| ELEVANCE HEALTH INC | 0.006724 |  |
| STATE STREET CORP | 0.006560 |  |
| AFLAC INC | 0.006555 | ✓ |
| TRAVELERS COS IN | 0.006477 |  |
| SKYWORKS SOLUTIONS INC | 0.006313 | ✓ |
| M&T BANK CORP | 0.006041 | ✓ |

## Horizon Dividend Income ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| CHEVRON CORP | 0.051971 | ✓ |
| EXXON MOBIL CORP | 0.049459 | ✓ |
| MERCK & CO | 0.049185 | ✓ |
| JOHNSON&JOHNSON | 0.041393 | ✓ |
| PROCTER & GAMBLE | 0.038231 | ✓ |
| AMGEN INC | 0.030533 |  |
| ABBVIE INC | 0.028400 |  |
| MCDONALDS CORP | 0.028124 |  |
| QUALCOMM INC | 0.025953 | ✓ |
| ACCENTURE PLC CL A | 0.025019 |  |
| T-MOBILE US INC | 0.024524 |  |
| VERIZON COMMUNICATIONS INC | 0.023920 | ✓ |
| GILEAD SCIENCES INC | 0.023425 | ✓ |
| PHILIP MORRIS INTL INC | 0.022034 |  |
| APPLIED MATERIALS INC | 0.021495 |  |
| ALTRIA GROUP INC | 0.020506 | ✓ |
| TEXAS INSTRUMENTS INC | 0.019234 |  |
| COMCAST CORP CL A | 0.018686 | ✓ |
| BRISTOL-MYERS SQUIBB CO | 0.018578 | ✓ |
| PROGRESSIVE CORP OHIO | 0.018575 | ✓ |
| UNION PACIFIC CORP | 0.017749 |  |
| LAM RESEARCH CORP | 0.016598 |  |
| HOME DEPOT INC | 0.015701 |  |
| ANALOG DEVICES INC | 0.015554 |  |
| CISCO SYSTEMS INC | 0.014327 | ✓ |
| CONOCOPHILLIPS | 0.014200 | ✓ |
| KLA CORP | 0.013204 |  |
| AT&T INC | 0.012579 | ✓ |
| PEPSICO INC | 0.011883 | ✓ |
| ILLINOIS TOOL WORKS INC | 0.011668 |  |
| EOG RESOURCES INC | 0.010584 | ✓ |
| PACCAR INC | 0.010108 | ✓ |
| COLGATE-PALMOLIVE CO | 0.009122 | ✓ |
| AUTOMATIC DATA PROCESSING INC | 0.008500 |  |
| LOWES COS INC | 0.008063 |  |
| TE CONNECTIVITY PLC | 0.007973 |  |
| COGNIZANT TECH SOLUTIONS CL A | 0.007512 | ✓ |
| MARSH & MCLENNAN | 0.007302 |  |
| PFIZER INC | 0.007140 | ✓ |
| NXP SEMICONDUCTORS NV | 0.006837 | ✓ |
| NETAPP INC | 0.006764 | ✓ |
| HERSHEY CO/THE | 0.006050 |  |
| SKYWORKS SOLUTIONS INC | 0.005838 | ✓ |
| GARMIN LTD | 0.005835 |  |
| BLACKSTONE INC | 0.005814 |  |
| HP INC | 0.005657 | ✓ |
| TARGA RESOURCES CORP | 0.005569 |  |
| OCCIDENTAL PETROLEUM CORP | 0.005529 |  |
| ZOETIS INC CL A | 0.005453 |  |
| CME GROUP INC CL A | 0.005339 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-041725` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/772129/000141036826041725/0001410368-26-041725-index.htm>
- N-PORT (fund B) — accession `0000894189-26-013899` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1643174/000089418926013899/0000894189-26-013899-index.htm>

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