SEC 13F Intelligence

Managers / Q1 2022 · view latest →

THOROUGHBRED FINANCIAL SERVICES, LLC

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

Reported Value
$612M
Q1 2022
Positions
366
Filings on Record
31
2019–present window
Filed
May 4, 2022
original filing

Summary

Thoroughbred Financial Services, LLC reported $612M in U.S.-listed holdings across 366 positions for Q1 2022.

Its largest position, ITOT, represents 9.8% of the portfolio.

Compared with Q4 2021, the fund opened 54 new positions and exited 24.

Portfolio Metrics

Turnover
+4.4%
vs prior filed quarter
Top-10 Concentration
+39.7%
share of reported value
Largest Position
+9.8%
Ishares Tr
New / Exited
54 / 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
Q4 ’18: $204MQ4 ’18Q1 ’19: $242MQ2 ’19: $263MQ3 ’19: $264MQ4 ’19: $300MQ4 ’19Q1 ’20: $281MQ2 ’20: $240MQ3 ’20: $266MQ4 ’20: $323MQ4 ’20Q1 ’21: $360MQ2 ’21: $399MQ3 ’21: $411MQ4 ’21: $477MQ4 ’21Q1 ’22: $612MQ2 ’22: $543MQ3 ’22: $525MQ4 ’22: $612MQ4 ’22Q1 ’23: $677MQ2 ’23: $763MQ3 ’23: $1.0BQ4 ’23: $1.2BQ4 ’23Q1 ’24: $1.0BQ2 ’24: $1.5BQ3 ’24: $1.6BQ4 ’24: $1.6BQ4 ’24Q1 ’25: $1.6BQ2 ’25: $1.4BQ3 ’25: $1.6BQ4 ’25: $1.7BQ4 ’25Q1 ’26: $1.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 65.7%ETP: 30.6%ADR: 2.0%Other: 0.9%REIT: 0.5%Other: 0.3%
  • Common Stock · 65.7% · $402M
  • ETP · 30.6% · $187M
  • ADR · 2.0% · $12M
  • Other · 0.9% · $5M
  • REIT · 0.5% · $3M
  • Other · 0.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HSYHERSHEY CONEW+6.9K6.9K+$1M$1M
HSBCHSBC HLDGS PLCNEW+24.7K24.7K+$845,000$845,000
DPZDOMINOS PIZZA INCNEW+1.9K1.9K+$781,000$781,000
WTWWILLIS TOWERS WATSON PLC LTDNEW+2.9K2.9K+$675,000$675,000
NXPINXP SEMICONDUCTORS N VNEW+3.6K3.6K+$670,000$670,000
CICIGNA CORP NEWNEW+2.4K2.4K+$567,000$567,000
CINFCINCINNATI FINL CORPNEW+3.8K3.8K+$513,000$513,000
CDCVICTORY PORTFOLIOS IINEW+6.7K6.7K+$483,000$483,000

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

Holdings — Q1 2022

284 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ITOTISHARES TRCORE S&P TTL STK · CORE DIV GRWTH · CORE S&P US GWT · CORE MSCI TOTAL · CORE S&P500 ETF · CORE MSCI EAFE · CORE S&P SCP ETF · MSCI USA MIN VOL · RUS TP200 GR ETF · SELECT DIVID ETF · MSCI USA ESG SLC · GLOBAL 100 ETF · MSCI USA MMENTM · CORE S&P MCP ETF · RUS TOP 200 ETF · RUS MID CAP ETF · ISHARES SEMICDTR · MSCI USA SMCP MN · U.S. MED DVC ETF · MSCI EAFE ETF · MSCI EAFE MIN VL · RUSSELL 2000 ETF · MSCI INTL QUALTY · IBONDS DEC23 ETF · CORE TOTAL USD · RUS 2000 GRW ETF · ESG AWR MSCI USA · SP SMCP600VL ETF · US REGNL BKS ETF · S&P MC 400GR ETF · IBONDS DEC2026 · IBONDS 27 ETF · S&P MC 400VL ETF · RUS 1000 GRW ETF · PFD AND INCM SEC9.77%$60M690.1K
2AAPLAPPLE INChistory →COM8.02%$49M281.0K
3MSFTMICROSOFT CORPhistory →COM4.67%$29M92.6K
4AMZNAMAZON COM INChistory →COM3.44%$21M6.5K
5VTIVANGUARD INDEX FDSTOTAL STK MKT · S&P 500 ETF SHS · SMALL CP ETF · MID CAP ETF · VALUE ETF · GROWTH ETF · SM CP VAL ETF · MCAP VL IDXVIP · REAL ESTATE ETF · LARGE CAP ETF3.40%$21M89.2K
6QQQINVESCO QQQ TRhistory →UNIT SER 13.11%$19M52.4K
7GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.55%$16M5.6K
8SCHDSCHWAB STRATEGIC TRUS DIVIDEND EQ · US LRG CAP ETF · US MID-CAP ETF · US LCAP GR ETF · SCHWAB FDT US LG · SCHWB FDT INT LG · US BRD MKT ETF1.76%$11M154.3K
9NVDANVIDIA CORPORATIONhistory →COM1.58%$10M35.5K
10RSPINVESCO EXCHANGE TRADED FD TS&P500 EQL WGT · S&P 500 TOP 50 · S&P500 EQL STP · DYNMC LRG GWTH · BUYBACK ACHIEV · S&P MDCP QUALITY · S&P 100 EQL WIGH1.37%$8M63.8K
11BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.32%$8M22.9K
12JPMJPMORGAN CHASE &COhistory →COM1.30%$8M58.4K
13WMTWALMART INChistory →COM1.19%$7M49.1K
14HDHOME DEPOT INChistory →COM1.13%$7M23.0K
15JNJJOHNSON &JOHNSONhistory →COM1.11%$7M38.5K
16TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.09%$7M63.8K
17VVISA INChistory →COM CL A1.08%$7M29.8K
18UNHUNITEDHEALTH GROUP INChistory →COM1.05%$6M12.6K
19RDVYFIRST TR EXCHANGE-TRADED FDRISNG DIVD ACHIV · CAP STRENGTH ETF · DORSEY WRT 5 ETF1.05%$6M122.9K
20NOBLPROSHARES TRS&P 500 DV ARIST · LARGE CAP CRE1.04%$6M70.1K
21CVXCHEVRON CORP NEWCOM0.91%$6M34.3K
22BACBK OF AMERICA CORPCOM0.87%$5M129.2K
23COSTCOSTCO WHSL CORP NEWCOM0.83%$5M8.8K
24RWLINVESCO EXCH TRADED FD TR IIS&P 500 REVENUE · NASDAQ 100 ETF · S&P500 LOW VOL · S&P MIDCP LOW · CEF INM COMPSI0.80%$5M65.6K
25SPYSPDR S&P 500 ETF TRTR UNIT0.73%$4M9.9K
26METAMETA PLATFORMS INCCL A0.73%$4M20.1K
27DIASPDR DOW JONES INDL AVERAGEUT SER 10.71%$4M12.6K
28PFEPFIZER INCCOM0.70%$4M83.3K
29CRMSALESFORCE COM INCCOM0.69%$4M20.0K
30COWZPACER FDS TRUS CASH COWS 100 · TRENDPILOT US BD · PACER US SMALL0.68%$4M114.2K
31MAMASTERCARD INCORPORATEDCL A0.61%$4M10.5K
32BABOEING COCOM0.60%$4M19.2K
33EXMOCEXXON MOBIL CORPCOM0.59%$4M43.8K
34ISRGINTUITIVE SURGICAL INCCOM NEW0.57%$3M11.6K
35AVGOBROADCOM INCCOM0.56%$3M5.5K
36LGLVSPDR SER TRSSGA US LRG ETF · S&P DIVID ETF · PORTFLI TIPS ETF · PRTFLO S&P500 GW · S&P 600 SML CAP0.56%$3M40.1K
37DGDOLLAR GEN CORP NEWCOM0.55%$3M15.2K
38CSCOCISCO SYS INCCOM0.55%$3M60.0K
39QCOMQUALCOMM INCCOM0.54%$3M21.7K
40MCDMCDONALDS CORPCOM0.53%$3M13.1K
41FASTFASTENAL COCOM0.52%$3M53.5K
42HCAHCA HEALTHCARE INCCOM0.52%$3M12.6K
43ABBVABBVIE INCCOM0.51%$3M19.3K
44XLESELECT SECTOR SPDR TRENERGY · SBI CONS STPLS · TECHNOLOGY · SBI HEALTHCARE · SBI CONS DISCR0.50%$3M34.4K
45HONHONEYWELL INTL INCCOM0.50%$3M15.7K
46LINDE PLCSHS0.49%$3M9.3K
47FMBFIRST TR EXCH TRADED FD IIIMANAGD MUN ETF · PFD SECS INC ETF · MUNI HI INCM ETF0.47%$3M75.3K
48JVALJ P MORGAN EXCHANGE-TRADED FUS VALUE FACTR · EQUITY PREMIUM · DIVERSFD EQT ETF0.46%$3M63.0K
49DISDISNEY WALT COCOM0.44%$3M19.7K
50FBNDFIDELITY MERRIMACK STR TRTOTAL BD ETF0.42%$3M52.2K
51MELIMERCADOLIBRE INCCOM0.42%$3M2.2K
52LLYLILLY ELI &COCOM0.42%$3M8.9K
53PEPPEPSICO INCCOM0.42%$3M15.2K
54ABTABBOTT LABSCOM0.41%$3M21.4K
55MOATVANECK ETF TRUSTMRNGSTR WDE MOAT · CEF MUNI INCOME0.41%$3M41.8K
56INTUINTUITCOM0.40%$2M5.1K
57LOWLOWES COS INCCOM0.40%$2M12.0K
58VLOVALERO ENERGY CORPCOM0.40%$2M23.8K
59KOCOCA COLA COCOM0.39%$2M38.8K
60PNCPNC FINL SVCS GROUP INCCOM0.39%$2M12.8K
61TMOTHERMO FISHER SCIENTIFIC INCCOM0.38%$2M3.9K
62UITBVICTORY PORTFOLIOS IIVICTORYSHS INTRM · VCSHS US EQ INCM0.36%$2M41.8K
63RTXRAYTHEON TECHNOLOGIES CORPCOM0.33%$2M20.7K
64AMGNAMGEN INCCOM0.33%$2M8.4K
65PENPENUMBRA INCCOM0.33%$2M9.1K
66ETF MANAGERS TRPRIME CYBR SCRTY0.33%$2M34.1K
67ADPAUTOMATIC DATA PROCESSING INCOM0.32%$2M8.7K
68VEAVANGUARD TAX-MANAGED INTL FDFTSE DEV MKT ETF0.32%$2M41.1K
69MGCVANGUARD WORLD FDMEGA CAP INDEX0.32%$2M12.4K
70MUMICRON TECHNOLOGY INCCOM0.32%$2M25.3K
71DGXQUEST DIAGNOSTICS INCCOM0.30%$2M13.5K
72TSLATESLA INCCOM0.29%$2M1.7K
73ADBEADOBE SYSTEMS INCORPORATEDCOM0.29%$2M3.9K
74ASMLASML HOLDING N VN Y REGISTRY SHS0.29%$2M2.6K
75TXNTEXAS INSTRS INCCOM0.28%$2M9.5K
76MPCMARATHON PETE CORPCOM0.28%$2M20.3K
77STESTERIS PLCSHS USD0.28%$2M7.1K
78AMATAPPLIED MATLS INCCOM0.28%$2M12.9K
79TSCOTRACTOR SUPPLY COCOM0.27%$2M7.2K
80CHDCHURCH &DWIGHT CO INCCOM0.27%$2M16.7K
81PGPROCTER AND GAMBLE COCOM0.26%$2M10.6K
82AMDADVANCED MICRO DEVICES INCCOM0.26%$2M14.7K
83CCITIGROUP INCCOM NEW0.26%$2M30.0K
84GLDSPDR GOLD TRGOLD SHS0.26%$2M8.7K
85DEODIAGEO PLCSPON ADR NEW0.25%$2M7.5K
86INTCINTEL CORPCOM0.25%$2M30.6K
87ILMNILLUMINA INCCOM0.24%$1M4.3K
88HSYHERSHEY COCOM0.24%$1M6.9K
89MRKMERCK &CO INCCOM0.24%$1M18.0K
90UNPUNION PAC CORPCOM0.24%$1M5.3K
91CSXCSX CORPCOM0.23%$1M37.1K
92PAYXPAYCHEX INCCOM0.23%$1M10.2K
93DBX ETF TRXTRACK MSCI EAFE0.22%$1M35.9K
94LMTLOCKHEED MARTIN CORPCOM0.22%$1M3.0K
95MDLZMONDELEZ INTL INCCL A0.22%$1M21.1K
96ADIANALOG DEVICES INCCOM0.22%$1M8.0K
97KLACKLA CORPCOM NEW0.21%$1M3.6K
98NEENEXTERA ENERGY INCCOM0.21%$1M15.2K
99PSAPUBLIC STORAGECOM0.21%$1M3.3K
100CATCATERPILLAR INCCOM0.21%$1M5.8K

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 ↗
Q4 2018$204M170Feb 13, 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 ↗.