SEC 13F Intelligence

Managers / Q3 2019 · view latest →

THOROUGHBRED FINANCIAL SERVICES, LLC

CIK 0001091370 · 5110 MARYLAND WAY, SUITE 300, BRENTWOOD, TN, 37027 · 615-371-0001

Reported Value
$264M
Q3 2019
Positions
230
Filings on Record
30
2019–present window
Filed
Nov 12, 2019
original filing

Summary

Thoroughbred Financial Services, LLC reported $264M in U.S.-listed holdings across 230 positions for Q3 2019.

Its largest position, ITOT, represents 7.6% of the portfolio.

Compared with Q2 2019, the fund opened 66 new positions and exited 24.

Portfolio Metrics

Turnover
+23.2%
vs prior filed quarter
Top-10 Concentration
+32.3%
share of reported value
Largest Position
+7.6%
Ishares Tr
New / Exited
66 / 24
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $242MQ1 ’19Q2 ’19: $263MQ3 ’19: $264MQ4 ’19: $300MQ1 ’20: $281MQ1 ’20Q2 ’20: $240MQ3 ’20: $266MQ4 ’20: $323MQ1 ’21: $360MQ1 ’21Q2 ’21: $399MQ3 ’21: $411MQ4 ’21: $477MQ1 ’22: $612MQ1 ’22Q2 ’22: $543MQ3 ’22: $525MQ4 ’22: $612MQ1 ’23: $677MQ1 ’23Q2 ’23: $763MQ3 ’23: $1.0BQ4 ’23: $1.2BQ1 ’24: $1.0BQ1 ’24Q2 ’24: $1.5BQ3 ’24: $1.6BQ4 ’24: $1.6BQ1 ’25: $1.6BQ1 ’25Q2 ’25: $1.4BQ3 ’25: $1.6BQ4 ’25: $1.7BQ1 ’26: $1.7BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 66.5%ETP: 28.1%ADR: 4.1%Other: 1.2%NY Reg Shrs: 0.1%
  • Common Stock · 66.5% · $175M
  • ETP · 28.1% · $74M
  • ADR · 4.1% · $11M
  • Other · 1.2% · $3M
  • NY Reg Shrs · 0.1% · $327,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ITOTISHARES TRNEW+40.8K40.8K+$3M$3M
IJRISHARES TRNEW+28.3K28.3K+$2M$2M
GOOGALPHABET INCNEW+1.8K1.8K+$2M$2M
IUSGISHARES TRNEW+33.9K33.9K+$2M$2M
SCHMSCHWAB STRATEGIC TRNEW+37.0K37.0K+$2M$2M
DVYISHARES TRNEW+18.5K18.5K+$2M$2M
IEFAISHARES TRNEW+29.2K29.2K+$2M$2M
INVESCO EXCHNG TRADED FD TRNEW+29.5K29.5K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2019

179 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ITOTISHARES TRCORE S&P TTL STK · CORE S&P SCP ETF · CORE S&P US GWT · SELECT DIVID ETF · CORE MSCI EAFE · CORE S&P500 ETF · CORE MSCI TOTAL · USA MOMENTUM FCT · MIN VOL EAFE ETF · RESIDNL REAL EST · MSCI MIN VOL ETF · CORE S&P MCP ETF · EDGE MSCI USA VL · RUS TOP 200 ETF · RUS TP200 GR ETF · RUS 2000 GRW ETF · S&P MC 400GR ETF · US AER DEF ETF · RUS MID CAP ETF · MRNGSTR INC ETF · IBOXX HI YD ETF · CORE HIGH DV ETF7.56%$20M256.5K
2AAPLAPPLE INChistory →COM4.35%$11M51.3K
3MSFTMICROSOFT CORPhistory →COM3.54%$9M67.1K
4AMZNAMAZON COM INChistory →COM3.22%$8M4.9K
5RDIVINVESCO EXCHNG TRADED FD TRS&P500 LOW VOL · S&P ULTRA DIVIDE · S&P 500 REVENUE · S&P INTL LOW · S&P500 HDL VOL · S&P MIDCP LOW2.59%$7M153.3K
6BABOEING COhistory →COM2.57%$7M17.8K
7QQQINVESCO QQQ TRhistory →UNIT SER 12.22%$6M31.0K
8VTIVANGUARD INDEX FDSTOTAL STK MKT · S&P 500 ETF SHS · SMALL CP ETF · VALUE ETF · GROWTH ETF · SM CP VAL ETF2.18%$6M36.5K
9NOBLPROSHARES TRS&P 500 DV ARIST · LARGE CAP CRE · S&P MDCP 400 DIV · RUSS 2000 DIVD2.11%$6M79.8K
10JPMJPMORGAN CHASE &COhistory →COM2.00%$5M44.9K
11GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.68%$4M3.6K
12BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.64%$4M20.8K
13SPYSPDR S&P 500 ETF TRhistory →TR UNIT1.61%$4M14.3K
14BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.57%$4M24.8K
15HDHOME DEPOT INChistory →COM1.51%$4M17.1K
16JNJJOHNSON &JOHNSONhistory →COM1.37%$4M28.0K
17VVISA INChistory →COM CL A1.32%$3M20.2K
18CSCOCISCO SYS INChistory →COM1.31%$3M70.1K
19RSPINVESCO EXCHANGE TRADED FD TS&P500 EQL WGT · S&P500 EQL STP · DYNMC LRG GWTH · S&P 100 EQL WIGH1.28%$3M40.0K
20MCDMCDONALDS CORPhistory →COM1.27%$3M15.6K
21BACBANK AMER CORPhistory →COM1.26%$3M113.7K
22DBX ETF TRXTRACK MSCI EAFE1.25%$3M101.8K
23CVXCHEVRON CORP NEWhistory →COM1.17%$3M25.9K
24HEDJWISDOMTREE TREUROPE HEDGED EQ · US MIDCAP DIVID · US SMALLCAP DIVD · US MIDCAP FUND · INTL SMCAP DIV1.13%$3M66.5K
25INTCINTEL CORPhistory →COM1.05%$3M53.5K
26TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.04%$3M59.2K
27WMTWALMART INChistory →COM1.04%$3M23.1K
28SCHMSCHWAB STRATEGIC TRUS MID-CAP ETF · US DIVIDEND EQ1.00%$3M46.9K
29FTCSFIRST TR EXCHANGE TRADED FDCAP STRENGTH ETF · DORSEY WRT 5 ETF · PFD SECS INC ETF · DORSEY WRIGHT · MULTI ASSET DI0.99%$3M89.1K
30VZVERIZON COMMUNICATIONS INCCOM0.96%$3M42.0K
31HONHONEYWELL INTL INCCOM0.94%$2M14.7K
32METAFACEBOOK INCCL A0.81%$2M12.0K
33DIASPDR DOW JONES INDL AVRG ETFUT SER 10.81%$2M7.9K
34PFEPFIZER INCCOM0.79%$2M58.0K
35AMGNAMGEN INCCOM0.77%$2M10.5K
36WFCWELLS FARGO CO NEWCOM0.75%$2M39.4K
37PEPPEPSICO INCCOM0.74%$2M14.2K
38PNCPNC FINL SVCS GROUP INCCOM0.72%$2M13.6K
39UNHUNITEDHEALTH GROUP INCCOM0.70%$2M8.4K
40LGLVSPDR SERIES TRUSTSSGA US LRG ETF · S&P DIVID ETF · PORTFLI TIPS ETF · S&P 600 SML CAP0.68%$2M28.4K
41DGXQUEST DIAGNOSTICS INCCOM0.67%$2M16.4K
42FASTFASTENAL COCOM0.63%$2M51.1K
43KOCOCA COLA COCOM0.62%$2M30.3K
44FMBFIRST TR EXCHANG TRADED FD IMANAGD MUN ETF0.62%$2M29.6K
45CCITIGROUP INCCOM NEW0.60%$2M22.9K
46DEODIAGEO P L CSPON ADR NEW0.60%$2M9.6K
47EXMOCEXXON MOBIL CORPCOM0.58%$2M21.8K
48TAT&T INCCOM0.58%$2M40.3K
49LINDE PLCSHS0.56%$1M7.6K
50MAMASTERCARD INCCL A0.55%$1M5.3K
51LMTLOCKHEED MARTIN CORPCOM0.55%$1M3.7K
52ABTABBOTT LABSCOM0.54%$1M16.9K
53VLOVALERO ENERGY CORP NEWCOM0.51%$1M15.7K
54DGDOLLAR GEN CORP NEWCOM0.50%$1M8.3K
55QCOMQUALCOMM INCCOM0.50%$1M17.2K
56MMM3M COCOM0.49%$1M7.9K
57PGPROCTER &GAMBLE COCOM0.48%$1M10.2K
58MRKMERCK &CO INCCOM0.46%$1M14.5K
59PYPLPAYPAL HLDGS INCCOM0.45%$1M11.5K
60RAYTHEON COCOM NEW0.45%$1M6.0K
61UNILEVER PLCSPON ADR NEW0.44%$1M19.4K
62MDTMEDTRONIC PLCSHS0.44%$1M10.8K
63UTXZUNITED TECHNOLOGIES CORPCOM0.44%$1M8.4K
64KMBKIMBERLY CLARK CORPCOM0.43%$1M8.1K
65MDLZMONDELEZ INTL INCCL A0.43%$1M20.5K
66VTWOVANGUARD SCOTTSDALE FDSVNG RUS2000IDX0.42%$1M9.1K
67NVDANVIDIA CORPCOM0.42%$1M6.3K
68COSTCOSTCO WHSL CORP NEWCOM0.41%$1M3.8K
69CHDCHURCH &DWIGHT INCCOM0.41%$1M14.3K
70PENPENUMBRA INCCOM0.40%$1M7.8K
71ABBVABBVIE INCCOM0.39%$1M13.7K
72ISRGINTUITIVE SURGICAL INCCOM NEW0.39%$1M1.9K
73BDXBECTON DICKINSON &COCOM0.38%$1M4.0K
74SYYSYSCO CORPCOM0.38%$997,00012.6K
75ETF MANAGERS TRPRIME CYBR SCRTY0.38%$997,00026.7K
76PSXPHILLIPS 66COM0.38%$996,0009.7K
77MPCMARATHON PETE CORPCOM0.36%$948,00015.6K
78GDGENERAL DYNAMICS CORPCOM0.35%$931,0005.1K
79VYMVANGUARD WHITEHALL FDS INCHIGH DIV YLD0.35%$927,00010.4K
80ILMNILLUMINA INCCOM0.34%$904,0003.0K
81NOCNORTHROP GRUMMAN CORPCOM0.34%$902,0002.4K
82LLYLILLY ELI &COCOM0.33%$863,0007.7K
83GLWCORNING INCCOM0.31%$817,00028.7K
84DISDISNEY WALT COCOM DISNEY0.31%$809,0006.2K
85UNPUNION PACIFIC CORPCOM0.30%$794,0004.9K
86ADPAUTOMATIC DATA PROCESSING INCOM0.30%$793,0004.9K
87VFHVANGUARD WORLD FDSFINANCIALS ETF · UTILITIES ETF0.29%$763,0008.9K
88XLESELECT SECTOR SPDR TRENERGY0.28%$751,00012.7K
89ITWILLINOIS TOOL WKS INCCOM0.28%$737,0004.7K
90BKNGBOOKING HLDGS INCCOM0.27%$712,000363
91JDJD COM INCSPON ADR CL A0.27%$705,00025.0K
92SBUXSTARBUCKS CORPCOM0.25%$654,0007.4K
93ECLECOLAB INCCOM0.23%$616,0003.1K
94AVGOBROADCOM INCCOM0.23%$612,0002.2K
95CATCATERPILLAR INC DELCOM0.23%$612,0004.8K
96WTWWILLIS TOWERS WATSON PUB LTDSHS0.23%$608,0003.2K
97TSCOTRACTOR SUPPLY COCOM0.23%$603,0006.7K
98NFLXNETFLIX INCCOM0.23%$600,0002.2K
99CMCSACOMCAST CORP NEWCL A0.23%$595,00013.2K
100CRMSALESFORCE COM INCCOM0.22%$586,0003.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.7B574May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.7B576Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.6B564Nov 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.4B545Aug 8, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.6B671May 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.6B687Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.6B656Nov 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.5B633Aug 8, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.0B458May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.2B598Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.0B573Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$763M418Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$677M404Apr 24, 202313F-HRchanges · EDGAR ↗
Q4 2022$612M387Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$525M352Oct 27, 202213F-HRchanges · EDGAR ↗
Q2 2022$543M366Aug 3, 202213F-HRchanges · EDGAR ↗
Q1 2022$612M366May 4, 202213F-HRchanges · EDGAR ↗
Q4 2021$477M336Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$411M315Oct 27, 202113F-HRchanges · EDGAR ↗
Q2 2021$399M300Jul 27, 202113F-HRchanges · EDGAR ↗
Q1 2021$360M268Apr 30, 202113F-HRchanges · EDGAR ↗
Q4 2020$323M236Jan 26, 202113F-HRchanges · EDGAR ↗
Q3 2020$266M226Oct 28, 202013F-HRchanges · EDGAR ↗
Q2 2020$240M214Jul 20, 202013F-HRchanges · EDGAR ↗
Q1 2020$281M246Apr 23, 202013F-HRchanges · EDGAR ↗
Q4 2019$300M246Feb 5, 202013F-HRchanges · EDGAR ↗
Q3 2019$264M230Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$263M188Jul 16, 2019RESTATEMENTchanges · EDGAR ↗
Q1 2019$242M228May 7, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.