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StocksUpdated×2•Originally published 3 May 2026•Updated 4 May 2026•

1 min read

Horizon Investments Boosts Stakes in Cummins, ServiceNow, and ADP

Key Facts

1Horizon Investments LLC increased its stake in Cummins Inc. by 20.1%, bringing its total holdings to $6.43 million.

2Horizon Investments LLC grew its stake in ServiceNow, Inc. by 395.1%, holding shares worth approximately $7.25 million.

3Horizon Investments LLC increased its position in Automatic Data Processing, Inc. by 34.1% to a total of $6.73 million.

Horizon Investments LLC has significantly expanded its equity positions in Eastman Chemical, Cummins, ServiceNow, and ADP, reflecting strong institutional confidence following robust quarterly reports. Conversely, the firm reduced its stake in Southern Company (SO) by approximately 21%, selling 12,797 shares and leaving a total holding of 48,050 shares. This reduction occurred despite Southern Company generating $8.40 billion in revenue, driven by surging power demand and a notable Q1 earnings beat. Southern Company also recently announced a dividend increase, highlighting its stable financial position. These strategic adjustments by Horizon reflect a broader portfolio rebalancing effort aimed at optimizing exposure across different sectors. Overall, the moves underscore a tactical shift in institutional asset allocation based on updated fiscal outlooks.

about 1 month ago

Version History

1 additional source confirmed this story

Version 2about 1 month ago

What changed: Added details regarding Horizon Investments' 21% stake reduction in Southern Company (SO), alongside SO's Q1 earnings beat and dividend increase.

Version 1about 1 month ago

What changed: Added information regarding the massive stake increase in Eastman Chemical and its strong financial performance.