SEC 13F Intelligence

Managers / Q3 2022 · view latest →

THOROUGHBRED FINANCIAL SERVICES, LLC

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

Reported Value
$525M
Q3 2022
Positions
352
Filings on Record
30
2019–present window
Filed
Oct 27, 2022
original filing

Summary

Thoroughbred Financial Services, LLC reported $525M in U.S.-listed holdings across 352 positions for Q3 2022.

Its largest position, ITOT, represents 9.4% of the portfolio.

Compared with Q2 2022, the fund opened 28 new positions and exited 41.

Portfolio Metrics

Turnover
+6.1%
vs prior filed quarter
Top-10 Concentration
+39.2%
share of reported value
Largest Position
+9.4%
Ishares Tr
New / Exited
28 / 41
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: 61.7%ETP: 35.0%ADR: 1.7%Other: 0.8%REIT: 0.5%Other: 0.3%
  • Common Stock · 61.7% · $324M
  • ETP · 35.0% · $183M
  • ADR · 1.7% · $9M
  • Other · 0.8% · $4M
  • REIT · 0.5% · $3M
  • Other · 0.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FIRST TR EXCHNG TRADED FD VINEW+29.5K29.5K+$929,000$929,000
POCTINNOVATOR ETFS TRNEW+26.0K26.0K+$744,000$744,000
FIRST TR EXCHNG TRADED FD VINEW+33.1K33.1K+$548,000$548,000
DIVOAMPLIFY ETF TRNEW+13.9K13.9K+$444,000$444,000
DDOGDATADOG INCNEW+4.9K4.9K+$437,000$437,000
DGRWWISDOMTREE TRNEW+6.6K6.6K+$356,000$356,000
URIUNITED RENTALS INCNEW+1.3K1.3K+$338,000$338,000
WFCWELLS FARGO CO NEWNEW+8.4K8.4K+$336,000$336,000

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

Holdings — Q3 2022

262 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ITOTISHARES TRCORE S&P TTL STK · CORE DIV GRWTH · CORE S&P US GWT · CORE S&P500 ETF · CORE MSCI TOTAL · SELECT DIVID ETF · GLOBAL 100 ETF · CORE S&P SCP ETF · RUS TP200 GR ETF · CORE MSCI EAFE · MSCI USA MIN VOL · RUS TOP 200 ETF · MSCI USA MMENTM · CORE S&P MCP ETF · US CONSM STAPLES · RUS MID CAP ETF · 7-10 YR TRSY BD · RUS 2000 GRW ETF · ISHARES SEMICDTR · MSCI USA SMCP MN · U.S. MED DVC ETF · MSCI USA ESG SLC · MSCI EAFE ETF · IBONDS DEC23 ETF · US CONSUM DISCRE · IBONDS DEC2026 · RUSSELL 2000 ETF · IBONDS 27 ETF · ESG AWR MSCI USA · US REGNL BKS ETF · CORE HIGH DV ETF9.44%$50M683.8K
2AAPLAPPLE INChistory →COM7.56%$40M287.4K
3MSFTMICROSOFT CORPhistory →COM4.22%$22M95.1K
4QQQINVESCO QQQ TRhistory →UNIT SER 14.04%$21M79.3K
5VTIVANGUARD INDEX FDSTOTAL STK MKT · S&P 500 ETF SHS · SMALL CP ETF · MID CAP ETF · MCAP VL IDXVIP · VALUE ETF · GROWTH ETF · SM CP VAL ETF3.52%$19M98.5K
6AMZNAMAZON COM INChistory →COM2.85%$15M132.5K
7GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.36%$12M129.1K
8SCHDSCHWAB STRATEGIC TRUS DIVIDEND EQ · US MID-CAP ETF · US LRG CAP ETF · SCHWAB FDT US SC · SCHWAB FDT US LG · INTL EQTY ETF · US LCAP GR ETF2.16%$11M197.0K
9QQQMINVESCO EXCH TRADED FD TR IINASDAQ 100 ETF · S&P 500 REVENUE · S&P500 LOW VOL · DWA SMLCP MENT · S&P SMALLCAP 600 · RUSEL 1000 EQL · S&P MIDCP LOW1.61%$8M108.0K
10RSPINVESCO EXCHANGE TRADED FD TS&P500 EQL WGT · S&P500 EQL STP · S&P 500 TOP 50 · DYNMC LRG GWTH · S&P 500 GARP ETF · S&P500 EQL TEC · S&P MDCP QUALITY · S&P 100 EQL WIGH · S&P SMCP VLU MNT1.40%$7M71.2K
11COWZPACER FDS TRUS CASH COWS 100 · PACER US SMALL1.39%$7M183.3K
12UNHUNITEDHEALTH GROUP INChistory →COM1.30%$7M13.5K
13WMTWALMART INChistory →COM1.24%$7M50.2K
14HDHOME DEPOT INChistory →COM1.23%$6M23.4K
15JNJJOHNSON &JOHNSONhistory →COM1.20%$6M38.6K
16NOBLPROSHARES TRS&P 500 DV ARIST · LARGE CAP CRE · S&P MDCP 400 DIV · EQTS FOR RISIN1.18%$6M90.5K
17BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.18%$6M23.1K
18JPMJPMORGAN CHASE &COhistory →COM1.16%$6M58.5K
19CVXCHEVRON CORP NEWCOM0.99%$5M36.2K
20RDVYFIRST TR EXCHANGE-TRADED FDRISNG DIVD ACHIV · CAP STRENGTH ETF · DORSEY WRT 5 ETF · FT CBOE VEST S&P0.98%$5M120.3K
21TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.88%$5M67.7K
22NVDANVIDIA CORPORATIONCOM0.87%$5M37.8K
23COSTCOSTCO WHSL CORP NEWCOM0.86%$5M9.5K
24EXMOCEXXON MOBIL CORPCOM0.80%$4M48.1K
25BACBK OF AMERICA CORPCOM0.73%$4M127.2K
26VVISA INCCOM CL A0.72%$4M21.3K
27DGDOLLAR GEN CORP NEWCOM0.72%$4M15.7K
28CDCVICTORY PORTFOLIOS IIVCSHS US EQ INCM · VICTORYSHS INTRM · VICSHS DV AC ETF0.71%$4M71.3K
29PFEPFIZER INCCOM0.70%$4M83.8K
30JEPIJ P MORGAN EXCHANGE TRADED FEQUITY PREMIUM · US VALUE FACTR · DIVERSFD EQT ETF · DIVERSFED RTRN0.69%$4M82.2K
31DIASPDR DOW JONES INDL AVERAGEUT SER 10.69%$4M12.5K
32SPYSPDR S&P 500 ETF TRTR UNIT0.66%$3M9.7K
33DBX ETF TRXTRACK MSCI EAFE · XTRACK MSCI ALL0.66%$3M106.4K
34LGLVSPDR SER TRSSGA US LRG ETF · PRTFLO S&P500 GW · S&P DIVID ETF · PORTFLI TIPS ETF · S&P 600 SML CAP0.62%$3M48.3K
35AVGOBROADCOM INCCOM0.61%$3M7.2K
36MCDMCDONALDS CORPCOM0.59%$3M13.4K
37MUMICRON TECHNOLOGY INCCOM0.58%$3M61.2K
38LLYLILLY ELI &COCOM0.56%$3M9.2K
39VLOVALERO ENERGY CORPCOM0.56%$3M27.4K
40XLESELECT SECTOR SPDR TRENERGY · SBI CONS STPLS · TECHNOLOGY · SBI HEALTHCARE · SBI CONS DISCR0.55%$3M35.9K
41QCOMQUALCOMM INCCOM0.54%$3M25.2K
42MOATVANECK ETF TRUSTMRNGSTR WDE MOAT0.52%$3M45.2K
43MAMASTERCARD INCORPORATEDCL A0.50%$3M9.3K
44ABBVABBVIE INCCOM0.50%$3M19.6K
45HONHONEYWELL INTL INCCOM0.49%$3M15.5K
46CRMSALESFORCE INCCOM0.48%$3M17.6K
47LINDE PLCSHS0.48%$3M9.4K
48PEPPEPSICO INCCOM0.48%$3M15.4K
49FASTFASTENAL COCOM0.47%$2M53.6K
50METAMETA PLATFORMS INCCL A0.47%$2M18.1K
51CSCOCISCO SYS INCCOM0.46%$2M60.1K
52KOCOCA COLA COCOM0.43%$2M40.6K
53HCAHCA HEALTHCARE INCCOM0.43%$2M12.4K
54MRKMERCK &CO INCCOM0.41%$2M25.2K
55LOWLOWES COS INCCOM0.41%$2M11.5K
56SHOPSHOPIFY INCCL A0.41%$2M79.0K
57LMTLOCKHEED MARTIN CORPCOM0.40%$2M5.5K
58MPCMARATHON PETE CORPCOM0.40%$2M21.1K
59INTUINTUITCOM0.39%$2M5.3K
60RTXRAYTHEON TECHNOLOGIES CORPCOM0.39%$2M24.9K
61ADPAUTOMATIC DATA PROCESSING INCOM0.39%$2M9.0K
62ABTABBOTT LABSCOM0.39%$2M20.9K
63PNCPNC FINL SVCS GROUP INCCOM0.38%$2M13.5K
64AMGNAMGEN INCCOM0.38%$2M8.8K
65BABOEING COCOM0.37%$2M16.2K
66FBNDFIDELITY MERRIMACK STR TRTOTAL BD ETF0.37%$2M44.1K
67ISRGINTUITIVE SURGICAL INCCOM NEW0.37%$2M10.4K
68PENPENUMBRA INCCOM0.36%$2M10.1K
69MELIMERCADOLIBRE INCCOM0.35%$2M2.2K
70RFREGIONS FINANCIAL CORP NEWCOM0.34%$2M87.9K
71HSYHERSHEY COCOM0.33%$2M7.8K
72POCTINNOVATOR ETFS TRUS EQTY PWR BUF · US EQTY BUF OCT · GRWT100 PWR BUF0.31%$2M54.9K
73DGXQUEST DIAGNOSTICS INCCOM0.30%$2M13.0K
74TMOTHERMO FISHER SCIENTIFIC INCCOM0.30%$2M3.1K
75MGCVANGUARD WORLD FDMEGA CAP INDEX0.29%$2M12.1K
76DKDELEK US HLDGS INC NEWCOM0.29%$2M55.4K
77ETF MANAGERS TRPRIME CYBR SCRTY0.28%$1M34.4K
78FIRST TR EXCHNG TRADED FD VIFT CBOE VEST US · CBOE VEST NAS1000.28%$1M62.6K
79UNPUNION PAC CORPCOM0.27%$1M7.4K
80TSLATESLA INCCOM0.27%$1M5.4K
81PGPROCTER AND GAMBLE COCOM0.27%$1M11.2K
82TXNTEXAS INSTRS INCCOM0.27%$1M9.1K
83FMBFIRST TR EXCH TRADED FD IIIMANAGD MUN ETF · PFD SECS INC ETF0.26%$1M48.6K
84TSCOTRACTOR SUPPLY COCOM0.26%$1M7.3K
85CNICANADIAN NATL RY COCOM0.26%$1M12.4K
86GLDSPDR GOLD TRGOLD SHS0.25%$1M8.6K
87DEODIAGEO PLCSPON ADR NEW0.25%$1M7.6K
88CHDCHURCH &DWIGHT CO INCCOM0.24%$1M18.0K
89MDLZMONDELEZ INTL INCCL A0.24%$1M22.9K
90GSGOLDMAN SACHS GROUP INCCOM0.24%$1M4.2K
91PAYXPAYCHEX INCCOM0.23%$1M10.6K
92VYMVANGUARD WHITEHALL FDSHIGH DIV YLD0.22%$1M12.4K
93ASMLASML HOLDING N VN Y REGISTRY SHS0.22%$1M2.8K
94NEENEXTERA ENERGY INCCOM0.22%$1M14.9K
95VEAVANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.22%$1M31.9K
96STESTERIS PLCSHS USD0.22%$1M7.0K
97ADIANALOG DEVICES INCCOM0.22%$1M8.2K
98EAELECTRONIC ARTS INCCOM0.22%$1M9.8K
99CBCHUBB LIMITEDCOM0.21%$1M6.1K
100CCITIGROUP INCCOM NEW0.21%$1M26.1K

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 ↗.