SEC 13F Intelligence

Managers / Q4 2019 · view latest →

THOROUGHBRED FINANCIAL SERVICES, LLC

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

Reported Value
$300M
Q4 2019
Positions
246
Filings on Record
30
2019–present window
Filed
Feb 5, 2020
original filing

Summary

Thoroughbred Financial Services, LLC reported $300M in U.S.-listed holdings across 246 positions for Q4 2019.

Its largest position, ITOT, represents 8.0% of the portfolio.

Compared with Q3 2019, the fund opened 21 new positions and exited 5.

Portfolio Metrics

Turnover
+1.8%
vs prior filed quarter
Top-10 Concentration
+33.2%
share of reported value
Largest Position
+8.0%
Ishares Tr
New / Exited
21 / 5
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: 66.1%ETP: 28.2%ADR: 4.3%Other: 1.1%NY Reg Shrs: 0.1%MLP: 0.1%
  • Common Stock · 66.1% · $199M
  • ETP · 28.2% · $85M
  • ADR · 4.3% · $13M
  • Other · 1.1% · $3M
  • NY Reg Shrs · 0.1% · $313,000
  • MLP · 0.1% · $265,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SHOPSHOPIFY INCNEW+5.6K5.6K+$2M$2M
CNICANADIAN NATL RY CONEW+12.1K12.1K+$1M$1M
DGROISHARES TRNEW+22.3K22.3K+$939,000$939,000
TFCTRUIST FINL CORPNEW+7.4K7.4K+$418,000$418,000
UBERUBER TECHNOLOGIES INCNEW+12.8K12.8K+$380,000$380,000
TNDMTANDEM DIABETES CARE INCNEW+4.9K4.9K+$290,000$290,000
ISHARES TRNEW+10.8K10.8K+$280,000$280,000
IBDRISHARES TRNEW+10.9K10.9K+$279,000$279,000

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

Holdings — Q4 2019

187 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ITOTISHARES TRCORE S&P TTL STK · CORE S&P SCP ETF · CORE S&P US GWT · CORE MSCI EAFE · SELECT DIVID ETF · CORE MSCI TOTAL · CORE S&P500 ETF · USA MOMENTUM FCT · MIN VOL EAFE ETF · CORE DIV GRWTH · MSCI MIN VOL ETF · CORE S&P MCP ETF · EDGE MSCI USA VL · RUS TOP 200 ETF · RUS TP200 GR ETF · RUS MID CAP ETF · MRNGSTR INC ETF · CORE HIGH DV ETF · S&P MC 400GR ETF · RUS 2000 GRW ETF · US AER DEF ETF · IBONDS ETF · IBONDS DEC2026 · IBOXX HI YD ETF · S&P SML 600 GWT · U.S. MED DVC ETF8.05%$24M320.0K
2AAPLAPPLE INChistory →COM5.28%$16M54.0K
3MSFTMICROSOFT CORPhistory →COM3.57%$11M68.0K
4AMZNAMAZON COM INChistory →COM3.07%$9M5.0K
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 LOW2.49%$7M160.3K
6QQQINVESCO QQQ TRhistory →UNIT SER 12.37%$7M33.5K
7VTIVANGUARD INDEX FDSTOTAL STK MKT · S&P 500 ETF SHS · SMALL CP ETF · VALUE ETF · GROWTH ETF · SM CP VAL ETF · MCAP VL IDXVIP2.20%$7M39.5K
8NOBLPROSHARES TRS&P 500 DV ARIST · LARGE CAP CRE · S&P MDCP 400 DIV · RUSS 2000 DIVD2.14%$6M86.9K
9JPMJPMORGAN CHASE &COhistory →COM2.09%$6M45.0K
10BABOEING COhistory →COM1.95%$6M17.9K
11BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.75%$5M24.8K
12GOOGALPHABET INCCAP STK CL C · CAP STK CL A1.65%$5M3.7K
13BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.52%$5M20.2K
14SPYSPDR S&P 500 ETF TRhistory →TR UNIT1.38%$4M12.8K
15BACBANK AMER CORPhistory →COM1.33%$4M113.6K
16JNJJOHNSON &JOHNSONhistory →COM1.32%$4M27.2K
17VVISA INChistory →COM CL A1.29%$4M20.6K
18DBX ETF TRXTRACK MSCI EAFE1.27%$4M113.1K
19HDHOME DEPOT INChistory →COM1.27%$4M17.5K
20TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.16%$3M59.8K
21RSPINVESCO EXCHANGE TRADED FD TS&P500 EQL WGT · DYNMC LRG GWTH · S&P500 EQL STP · S&P 100 EQL WIGH1.15%$3M38.9K
22CSCOCISCO SYS INChistory →COM1.14%$3M71.6K
23HEDJWISDOMTREE TREUROPE HEDGED EQ · US MIDCAP DIVID · US SMALLCAP DIVD · INTL SMCAP DIV · US MIDCAP FUND1.11%$3M69.7K
24CVXCHEVRON CORP NEWhistory →COM1.07%$3M26.6K
25INTCINTEL CORPhistory →COM1.06%$3M53.3K
26MCDMCDONALDS CORPhistory →COM1.05%$3M15.9K
27WMTWALMART INChistory →COM1.00%$3M25.4K
28SCHMSCHWAB STRATEGIC TRUS MID-CAP ETF · US DIVIDEND EQ0.97%$3M48.7K
29FTCSFIRST TR EXCHANGE TRADED FDCAP STRENGTH ETF · DORSEY WRT 5 ETF · PFD SECS INC ETF · MULTI ASSET DI · DORSEY WRIGHT0.92%$3M92.0K
30VZVERIZON COMMUNICATIONS INCCOM0.88%$3M43.0K
31HONHONEYWELL INTL INCCOM0.87%$3M14.8K
32AMGNAMGEN INCCOM0.86%$3M10.7K
33UNHUNITEDHEALTH GROUP INCCOM0.85%$3M8.7K
34METAFACEBOOK INCCL A0.84%$3M12.3K
35DIASPDR DOW JONES INDL AVRG ETFUT SER 10.82%$2M8.7K
36LGLVSPDR SERIES TRUSTSSGA US LRG ETF · S&P DIVID ETF · PORTFLI TIPS ETF · S&P 600 SML CAP0.81%$2M33.5K
37SHOPSHOPIFY INCCL A0.74%$2M5.6K
38PNCPNC FINL SVCS GROUP INCCOM0.72%$2M13.5K
39WFCWELLS FARGO CO NEWCOM0.69%$2M38.6K
40PFEPFIZER INCCOM0.66%$2M50.4K
41FASTFASTENAL COCOM0.65%$2M53.1K
42PEPPEPSICO INCCOM0.65%$2M14.3K
43CCITIGROUP INCCOM NEW0.61%$2M22.9K
44EXMOCEXXON MOBIL CORPCOM0.58%$2M25.1K
45KOCOCA COLA COCOM0.57%$2M31.1K
46FMBFIRST TR EXCHANG TRADED FD IMANAGD MUN ETF0.55%$2M29.6K
47LINDE PLCSHS0.54%$2M7.6K
48MAMASTERCARD INCCL A0.54%$2M5.4K
49DEODIAGEO P L CSPON ADR NEW0.54%$2M9.6K
50TAT&T INCCOM0.54%$2M41.2K
51QCOMQUALCOMM INCCOM0.53%$2M18.2K
52DGXQUEST DIAGNOSTICS INCCOM0.51%$2M14.3K
53DISDISNEY WALT COCOM DISNEY0.51%$2M10.6K
54NVDANVIDIA CORPCOM0.49%$1M6.2K
55ABTABBOTT LABSCOM0.48%$1M16.7K
56LMTLOCKHEED MARTIN CORPCOM0.48%$1M3.7K
57VLOVALERO ENERGY CORP NEWCOM0.46%$1M14.7K
58DGDOLLAR GEN CORP NEWCOM0.46%$1M8.8K
59RAYTHEON COCOM NEW0.44%$1M6.1K
60PENPENUMBRA INCCOM0.44%$1M8.1K
61PYPLPAYPAL HLDGS INCCOM0.44%$1M12.1K
62MRKMERCK &CO INCCOM0.43%$1M14.1K
63PGPROCTER &GAMBLE COCOM0.42%$1M10.1K
64UTXZUNITED TECHNOLOGIES CORPCOM0.41%$1M8.3K
65ISRGINTUITIVE SURGICAL INCCOM NEW0.41%$1M2.1K
66MDTMEDTRONIC PLCSHS0.41%$1M10.9K
67VTWOVANGUARD SCOTTSDALE FDSVNG RUS2000IDX0.39%$1M8.9K
68PSXPHILLIPS 66COM0.39%$1M10.5K
69CHDCHURCH &DWIGHT INCCOM0.39%$1M16.6K
70COSTCOSTCO WHSL CORP NEWCOM0.39%$1M4.0K
71ABBVABBVIE INCCOM0.38%$1M13.0K
72ETF MANAGERS TRPRIME CYBR SCRTY0.38%$1M27.2K
73UNILEVER PLCSPON ADR NEW0.37%$1M19.6K
74KMBKIMBERLY CLARK CORPCOM0.37%$1M8.1K
75MDLZMONDELEZ INTL INCCL A0.37%$1M19.9K
76BDXBECTON DICKINSON &COCOM0.37%$1M4.0K
77CNICANADIAN NATL RY COCOM0.36%$1M12.1K
78SYYSYSCO CORPCOM0.35%$1M12.1K
79ILMNILLUMINA INCCOM0.34%$1M3.1K
80VFHVANGUARD WORLD FDSFINANCIALS ETF · UTILITIES ETF · HEALTH CAR ETF0.34%$1M10.1K
81LLYLILLY ELI &COCOM0.33%$1M7.7K
82VYMVANGUARD WHITEHALL FDS INCHIGH DIV YLD0.33%$984,00010.5K
83MMM3M COCOM0.32%$973,0005.5K
84JDJD COM INCSPON ADR CL A0.31%$926,00026.3K
85GDGENERAL DYNAMICS CORPCOM0.30%$914,0005.2K
86NFLXNETFLIX INCCOM0.30%$889,0002.7K
87UNPUNION PACIFIC CORPCOM0.29%$886,0004.9K
88STESTERIS PLCSHS USD0.29%$881,0005.8K
89MPCMARATHON PETE CORPCOM0.29%$878,00014.6K
90ADPAUTOMATIC DATA PROCESSING INCOM0.29%$866,0005.1K
91ITWILLINOIS TOOL WKS INCCOM0.29%$857,0004.8K
92BKNGBOOKING HLDGS INCCOM0.27%$809,000394
93NOCNORTHROP GRUMMAN CORPCOM0.26%$796,0002.3K
94GLWCORNING INCCOM0.26%$791,00027.2K
95XLESELECT SECTOR SPDR TRENERGY0.26%$782,00013.0K
96AVGOBROADCOM INCCOM0.26%$773,0002.4K
97SBUXSTARBUCKS CORPCOM0.24%$725,0008.2K
98CRMSALESFORCE COM INCCOM0.23%$686,0004.2K
99ACWVISHARES INCMIN VOL GBL ETF · CORE MSCI EMKT0.23%$683,0008.9K
100CMCSACOMCAST CORP NEWCL A0.23%$682,00015.2K

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 ↗.