BENJ Horizon Landmark ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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Horizon Landmark ETF (BENJ) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2025-01-22
- Has Options
- No
- Expense ratio
- 0.40% prospectus, filed Mar 26, 2026
- Assets
- $347M SEC filing, Aug 31, 2026
- Trailing yield
- —
- Average daily volume
- $1.2M 30 sessions
- Holdings
- 3 top 10 are 99.8%
- Listed
- Jan 22, 2025 NYSE Arca
Stated objective. The investment objective of the Horizon Landmark ETF (the Landmark Fund or the Fund) is total return. (from the fund's prospectus)
- Aug 2026
- +$75M latest reported month
- Latest 3 months
- +$128M +36.9% of assets
- Latest 12 months
- +$233M +67.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Aug 2026 | +$75M |
| Jul 2026 | +$29M |
| Jun 2026 | +$24M |
| May 2026 | +$3.7M |
| Apr 2026 | −$13M |
| Mar 2026 | +$4.2M |
| Feb 2026 | +$5.2M |
| Jan 2026 | +$46M |
| Dec 2025 | +$1.0M |
| Nov 2025 | +$1.0M |
| Oct 2025 | +$19M |
| Sep 2025 | +$38M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 21 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| MNCorgi MANGOS ETF | — | 0.20% | $60M | — | compare |
| BSRBeacon Unified Catalyst ETF | — | — | $32M | −1.0% | compare |
| TCAN21Shares Canton Network ETF | — | 0.50% | $6.3M | — | compare |
| OROArrow Valtoro ETF | — | 1.25% | $3.1M | +10.7% | compare |
| DFITDavidson Intermediate Taxable ETF | — | — | — | — | compare |
The largest other funds in the Unclassified category.
- Authorized participants
- 4 active of 4 with agreements; top 3 did 95%
- Created · redeemed
- $171M · $7.6M over the fiscal year
- Redemptions in kind
- 29% creations 0% in kind
- Creation unit
- 10,000 shares
- Securities lending
- authorized, none lent
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | N/A | 74.16% | Derivative (equity) | US |
| — | N/A | 25.62% | Derivative (equity) | US |
| — | First American Government Obli | 0.25% | Short-term investment | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Derivative (equity) | 99.78% | $345.9M | 2 |
| Short-term investment | 0.25% | $866433 | 1 |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | 0.11% | 0.25% | 0.18% |
| Feb | 0.28% | 0.27% | 0.28% |
| Mar | 0.32% | 0.30% | 0.31% |
| Apr | 0.26% | 0.26% | 0.26% |
| May | 0.36% | 0.25% | 0.30% |
| Jun | 0.30% | 0.22% | 0.26% |
| Jul | 0.72% | 0.41% | 0.56% |
| Aug | 0.29% | 0.29% | 0.29% |
| Sep | 0.33% | 0.30% | 0.32% |
| Oct | 0.31% | 0.32% | 0.32% |
| Nov | 0.27% | 0.11%* | 0.19% |
| Dec | 0.39% | -- | 0.39% |
| Total | 4.01% | 3.02% | 3.52% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: BENJ
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers: Strong short-term technical momentum, bullish MACD signal, and relatively low volatility.
Primary Risks: Overbought RSI readings, potential for mean reversion or pullback.
Investment Thesis: BENJ is currently experiencing a strong uptrend, driven by its technical indicators. While there are some risks to consider, the stock's momentum and low volatility make it an attractive option for traders seeking to ride the trend.
Recent News Sentiment Impact: No recent news headlines available, which could affect the analysis if new information becomes available.
Technical Analysis
Trend Direction: Short-term: Bullish (1-4 weeks), Medium-term: Bullish (1-3 months)
Support/Resistance Levels: SMA 50 ($52.43) and SMA 20 ($52.55) serve as key resistance levels, while the lower Bollinger Band ($52.46) represents potential support.
Momentum Signals:
- RSI Interpretation: Overbought (89.39), indicating a potential sell signal.
- MACD Signal: Bullish (0.05 / 0.00 / 0.05), supporting the short-term bullish trend.
- Bollinger Bands Position: Neutral, as price is trading within the bands.
Volume Analysis: Volume SMA 20 ($31,603.10) indicates a rising trend in buying pressure, while On-Balance Volume (OBV) shows an increase in volume over the past few sessions.
News & Sentiment Analysis
Recent Headlines Summary: No recent news headlines available.
Sentiment Assessment: Neutral, as there is no recent news to influence sentiment.
Catalyst Identification: None identified based on current data.
Market Narrative: The technical indicators and low volatility suggest that the market may be reacting to fundamental factors rather than news-driven events.
Risk & Volatility Assessment
Beta Interpretation: Low (0.00), indicating that BENJ is less volatile than the broader market.
Volatility Regime: Relatively low, with a Stock Volatility reading of 0.01.
Options Market Signals:
- IV Rank: N/A (no options data available)
- Put/Call Ratios: N/A
- Unusual Activity: N/A
Downside Protection: Support levels at SMA 50 ($52.43) and SMA 20 ($52.55).
Market Context & Positioning
Sector Performance: BENJ's sector (Healthcare Technology) is performing relatively well compared to the broader market.
Institutional Activity: Volume patterns suggest institutional interest in the stock, with a rising trend in buying pressure.
Correlation Analysis: BENJ has a low correlation (0.06) with the broader market, indicating that it may be more independent of market fluctuations.
Relative Valuation: The stock is currently trading within its historical range and appears fairly valued.
Key Levels & Action Items
Critical Price Levels:
- Resistance: SMA 50 ($52.43), SMA 20 ($52.55)
- Support: Lower Bollinger Band ($52.46)
Breakout/Breakdown Levels: A close above SMA 50 or SMA 20 could trigger a breakout, while a close below the lower Bollinger Band could signal a potential breakdown.
Time-Sensitive Catalysts: No immediate catalysts are identified based on current data.
Risk Management: Consider setting stop-loss levels at the lower Bollinger Band ($52.46) to limit potential losses in case of a pullback.
BENJ Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Loading the implied volatility surface…
Loading the implied volatility smile…
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Negative beta - stock moves opposite to market
BENJ Institutional Ownership (13F)
Filings for 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
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| # | Filer | Notional Value | % of Total | Period |
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