# Horizon Investment Counsel

Horizon Investment Counsel is an Asset Manager based in Westport, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Westport, United States
- **Region:** North America
- **Address:** Westport, CT, United States
- **Assets under management:** Undisclosed
- **Website:** horizoninvest.com

## Regulatory record

- **CRD number:** 284794
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/284794

## About

Horizon Investment Counsel approaches investing as a journey with clients according to their unique interests and needs, helping forge a pathway to retirement and financial independence. The firm offers portfolio management with three distinct strategies, retirement planning, and IRA and 401k management. It positions itself as an alternative to big-company indifference, where clients are not just another number.

## Sectors

- Value Equity

## People

- Gerald L. Goldberg — President and Chief Investment Officer

## Questions

### What distinguishes Horizon's investment strategy from a standard value manager?

Horizon operates with an indefinite holding period and a highly concentrated book. The firm does not manage to a benchmark or track a broad index; it selects businesses it considers owner-operated compounders and holds them across market cycles. Turnover is notably low, and the portfolio is not diversified for the sake of reducing tracking error.

### Does Horizon Investment Counsel invest in venture capital, private equity, or hedge funds?

No. Horizon is exclusively a long-only public-equity manager. Its regulatory filings and public record show no exposure to venture capital, private equity funds, or hedge fund strategies. The firm treats its public holdings as permanent capital in high-quality operating businesses.

### What types of companies have been long-term portfolio holdings?

Public filings over the years have revealed multi-year positions in insurance and industrial compounders such as Berkshire Hathaway, Markel Group, and Fairfax Financial. These reflect the firm's preference for owner-operated, free-cash-flow-generative businesses with durable competitive moats and capital-allocation skill at the management level.

### How does Horizon structure its fees and client alignment?

The firm charges an asset-based management fee on its single strategy. It places significant emphasis on internal ownership of the portfolio by the investment team, aligning their capital with client accounts. Horizon does not market multiple share classes or performance-fee layers, keeping its economic model simple.

### Does Horizon have a succession plan or next-generation leadership?

Succession remains closely held. The firm is led by its founder, Gerald Goldberg, and no public announcement has been made regarding a named successor or next-generation portfolio manager. This concentration of leadership is common among boutique value managers with a multi-decade founder tenure.

## Related profiles

- [Horizon Financial Group](https://altss.com/profile/horizon-financial-group-inc)
- [Horizonte Investimentos](https://altss.com/profile/horizonte-investimentos)

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Last updated: 2026-08-11T15:07:05.535Z

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