SEC 13F Intelligence

Managers / Q4 2022 · view latest →

THOROUGHBRED FINANCIAL SERVICES, LLC

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

Reported Value
$612M
Q4 2022
Positions
387
Filings on Record
30
2019–present window
Filed
Feb 7, 2023
original filing

Summary

Thoroughbred Financial Services, LLC reported $612M in U.S.-listed holdings across 387 positions for Q4 2022.

Its largest position, ITOT, represents 9.9% of the portfolio.

Compared with Q3 2022, the fund opened 52 new positions and exited 17.

Portfolio Metrics

Turnover
+4.4%
vs prior filed quarter
Top-10 Concentration
+36.8%
share of reported value
Largest Position
+9.9%
Ishares Tr
New / Exited
52 / 17
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: 60.7%ETP: 35.8%ADR: 1.8%Other: 1.0%REIT: 0.4%Other: 0.2%
  • Common Stock · 60.7% · $371M
  • ETP · 35.8% · $219M
  • ADR · 1.8% · $11M
  • Other · 1.0% · $6M
  • REIT · 0.4% · $2M
  • Other · 0.2% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BNOVINNOVATOR ETFS TRNEW+62.2K62.2K+$2M$2M
DIVIFRANKLIN TEMPLETON ETF TRNEW+68.9K68.9K+$2M$2M
AZNNASTRAZENECA PLCNEW+13.1K13.1K+$889,000$889,000
VICTORY PORTFOLIOS IINEW+15.2K15.2K+$833,000$833,000
XMMOINVESCO EXCHANGE TRADED FD TNEW+9.5K9.5K+$716,000$716,000
IBHFISHARES TRNEW+28.8K28.8K+$644,000$644,000
ASOACADEMY SPORTS &OUTDOORS INNEW+12.2K12.2K+$642,000$642,000
BDECINNOVATOR ETFS TRNEW+18.5K18.5K+$589,000$589,000

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

Holdings — Q4 2022

278 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ITOTISHARES TRCORE S&P TTL STK · CORE DIV GRWTH · SELECT DIVID ETF · CORE S&P US GWT · CORE S&P500 ETF · CORE MSCI TOTAL · RUS TP200 GR ETF · CORE S&P SCP ETF · GLOBAL 100 ETF · CORE MSCI EAFE · RUS TOP 200 ETF · MSCI USA MIN VOL · MSCI USA MMENTM · US CONSM STAPLES · CORE S&P MCP ETF · RUS MID CAP ETF · IBONDS 2026 TERM · ISHARES SEMICDTR · IBONDS 2027 TERM · RUS 2000 GRW ETF · 7-10 YR TRSY BD · IBONDS 25 TRM HG · IBONDS DEC23 ETF · IBONDS 26 TRM TS · MSCI EAFE ETF · IBONDS DEC2026 · MSCI USA SMCP MN · IBONDS 25 TRM TS · MSCI USA ESG SLC · IBONDS 27 ETF · S&P SML 600 GWT · RUSSELL 2000 ETF · U.S. MED DVC ETF · US CONSUM DISCRE · ESG AWR MSCI USA · CORE HIGH DV ETF · IBONDS 27 TRM TS · US REGNL BKS ETF · SP SMCP600VL ETF · IBONDS DEC24 ETF · MSCI INTL QUALTY · 1 3 YR TREAS BD · IBONDS 24 TRM TS9.86%$60M853.1K
2AAPLAPPLE INChistory →COM6.70%$41M315.4K
3MSFTMICROSOFT CORPhistory →COM3.97%$24M101.4K
4VTIVANGUARD INDEX FDSTOTAL STK MKT · S&P 500 ETF SHS · SMALL CP ETF · MID CAP ETF · VALUE ETF · MCAP VL IDXVIP · GROWTH ETF · SM CP VAL ETF · REAL ESTATE ETF3.62%$22M111.5K
5QQQINVESCO QQQ TRhistory →UNIT SER 12.38%$15M54.7K
6SCHDSCHWAB STRATEGIC TRUS DIVIDEND EQ · US MID-CAP ETF · US LRG CAP ETF · SCHWAB FDT US SC · SCHWAB FDT US LG2.34%$14M208.5K
7GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.07%$13M143.1K
8AMZNAMAZON COM INChistory →COM1.99%$12M144.6K
9SPGPINVESCO EXCHANGE TRADED FD TS&P 500 GARP ETF · S&P500 EQL WGT · S&P 500 TOP 50 · S&P500 EQL STP · S&P MDCP QUALITY · DYNMC LRG GWTH · S&P SMCP VLU MNT · S&P MDCP MOMNTUM · S&P500 EQL TEC · S&P 100 EQL WIGH · FTSE RAFI 15001.92%$12M120.0K
10COWZPACER FDS TRUS CASH COWS 100 · PACER US SMALL1.90%$12M259.9K
11QQQMINVESCO EXCH TRADED FD TR IINASDAQ 100 ETF · S&P 500 REVENUE · S&P500 LOW VOL · DWA SMLCP MENT · S&P SMALLCAP 600 · S&P MIDCP LOW · RUSEL 1000 EQL1.80%$11M136.6K
12JPMJPMORGAN CHASE &COhistory →COM1.37%$8M62.7K
13HDHOME DEPOT INChistory →COM1.23%$8M23.8K
14UNHUNITEDHEALTH GROUP INChistory →COM1.20%$7M13.9K
15BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.19%$7M23.6K
16WMTWALMART INChistory →COM1.18%$7M51.1K
17NOBLPROSHARES TRS&P 500 DV ARIST · LARGE CAP CRE · EQTS FOR RISIN · S&P MDCP 400 DIV1.14%$7M91.7K
18JNJJOHNSON &JOHNSONhistory →COM1.14%$7M39.5K
19CVXCHEVRON CORP NEWhistory →COM1.13%$7M38.4K
20NVDANVIDIA CORPORATIONhistory →COM1.00%$6M42.1K
21RDVYFIRST TR EXCHANGE-TRADED FDRISNG DIVD ACHIV · CAP STRENGTH ETF · DORSEY WRT 5 ETF · FT CBOE VEST S&P0.90%$6M111.6K
22AVGOBROADCOM INCCOM0.90%$5M9.8K
23EXMOCEXXON MOBIL CORPCOM0.89%$5M49.3K
24TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.87%$5M71.4K
25JEPIJ P MORGAN EXCHANGE TRADED FEQUITY PREMIUM · US VALUE FACTR · DIVERSFD EQT ETF · DIVERSFED RTRN0.79%$5M97.1K
26BNOVINNOVATOR ETFS TRUS EQTY BUF NOV · US EQTY PWR BUF · US EQTY BUF DEC · US EQTY BUF OCT · GRWT100 PWR BUF0.76%$5M153.0K
27CDCVICTORY PORTFOLIOS IIVCSHS US EQ INCM · VCTRYSHS USAA CR · VCSHS US DISCVRY · VCSHS US LRG CAP · VICSHS DV AC ETF0.74%$5M82.8K
28VVISA INCCOM CL A0.74%$5M21.8K
29COSTCOSTCO WHSL CORP NEWCOM0.73%$4M9.8K
30PFEPFIZER INCCOM0.71%$4M84.3K
31DGDOLLAR GEN CORP NEWCOM0.70%$4M17.4K
32LGLVSPDR SER TRSSGA US LRG ETF · S&P DIVID ETF · PRTFLO S&P500 GW · PORTFLI TIPS ETF · S&P 600 SML CAP0.67%$4M52.7K
33BACBANK AMERICA CORPCOM0.66%$4M121.8K
34XLESELECT SECTOR SPDR TRENERGY · SBI CONS STPLS · SBI HEALTHCARE · TECHNOLOGY · SBI CONS DISCR · SBI INT-UTILS0.64%$4M43.0K
35MCDMCDONALDS CORPCOM0.61%$4M14.1K
36SPYSPDR S&P 500 ETF TRTR UNIT0.61%$4M9.7K
37VLOVALERO ENERGY CORPCOM0.59%$4M28.3K
38MOATVANECK ETF TRUSTMRNGSTR WDE MOAT0.57%$3M53.4K
39DIASPDR DOW JONES INDL AVERAGEUT SER 10.56%$3M10.4K
40MAMASTERCARD INCORPORATEDCL A0.56%$3M9.9K
41HONHONEYWELL INTL INCCOM0.55%$3M15.6K
42LLYLILLY ELI &COCOM0.55%$3M9.1K
43BABOEING COCOM0.54%$3M17.3K
44SHOPSHOPIFY INCCL A0.53%$3M93.0K
45HCAHCA HEALTHCARE INCCOM0.53%$3M13.4K
46ISRGINTUITIVE SURGICAL INCCOM NEW0.52%$3M12.1K
47LINDE PLCSHS0.52%$3M9.8K
48ABBVABBVIE INCCOM0.52%$3M19.7K
49PEPPEPSICO INCCOM0.47%$3M15.8K
50MRKMERCK &CO INCCOM0.46%$3M25.6K
51CSCOCISCO SYS INCCOM0.46%$3M59.3K
52QCOMQUALCOMM INCCOM0.45%$3M25.1K
53LMTLOCKHEED MARTIN CORPCOM0.45%$3M5.6K
54RTXRAYTHEON TECHNOLOGIES CORPCOM0.44%$3M26.6K
55MUMICRON TECHNOLOGY INCCOM0.44%$3M53.5K
56MPCMARATHON PETE CORPCOM0.43%$3M22.8K
57KOCOCA COLA COCOM0.41%$3M39.6K
58FASTFASTENAL COCOM0.40%$2M52.1K
59MELIMERCADOLIBRE INCCOM0.40%$2M2.9K
60PNCPNC FINL SVCS GROUP INCCOM0.40%$2M15.5K
61ABTABBOTT LABSCOM0.39%$2M21.7K
62AMGNAMGEN INCCOM0.39%$2M9.0K
63VYMVANGUARD WHITEHALL FDSHIGH DIV YLD0.38%$2M21.3K
64INTUINTUITCOM0.37%$2M5.9K
65LOWLOWES COS INCCOM0.37%$2M11.3K
66PENPENUMBRA INCCOM0.37%$2M10.1K
67ADPAUTOMATIC DATA PROCESSING INCOM0.36%$2M9.3K
68TMOTHERMO FISHER SCIENTIFIC INCCOM0.35%$2M3.9K
69CRMSALESFORCE INCCOM0.34%$2M15.8K
70PGPROCTER AND GAMBLE COCOM0.33%$2M13.5K
71CATCATERPILLAR INCCOM0.33%$2M8.5K
72DGXQUEST DIAGNOSTICS INCCOM0.33%$2M12.9K
73TXNTEXAS INSTRS INCCOM0.31%$2M11.4K
74DGRWWISDOMTREE TRUS QTLY DIV GRT · US LARGECAP DIVD · EUROPE HEDGED EQ0.31%$2M30.2K
75DBX ETF TRXTRACK MSCI EAFE0.30%$2M57.6K
76DIVIFRANKLIN TEMPLETON ETF TRINTL COR DIV TIL0.30%$2M68.9K
77HSYHERSHEY COCOM0.30%$2M7.8K
78METAMETA PLATFORMS INCCL A0.29%$2M14.8K
79FIRST TR EXCHNG TRADED FD VIFT CBOE VEST US · CBOE VEST NAS100 · VEST US EQTY BUF0.28%$2M68.8K
80TSCOTRACTOR SUPPLY COCOM0.28%$2M7.7K
81ASMLASML HOLDING N VN Y REGISTRY SHS0.28%$2M3.1K
82ADBEADOBE SYSTEMS INCORPORATEDCOM0.28%$2M5.1K
83RFREGIONS FINANCIAL CORP NEWCOM0.27%$2M77.9K
84FBNDFIDELITY MERRIMACK STR TRTOTAL BD ETF0.27%$2M36.9K
85CHDCHURCH &DWIGHT CO INCCOM0.26%$2M20.1K
86TDVGT ROWE PRICE ETF INCPRICE DIV GRWT0.26%$2M51.1K
87SYLDCAMBRIA ETF TRSHSHLD YIELD ETF0.26%$2M26.5K
88KLACKLA CORPCOM NEW0.25%$2M4.1K
89GSGOLDMAN SACHS GROUP INCCOM0.25%$2M4.5K
90VEAVANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.25%$2M35.8K
91CBCHUBB LIMITEDCOM0.25%$2M6.8K
92MDLZMONDELEZ INTL INCCL A0.25%$2M22.5K
93ETF MANAGERS TRPRIME CYBR SCRTY0.24%$1M34.0K
94UNPUNION PAC CORPCOM0.24%$1M7.1K
95CNICANADIAN NATL RY COCOM0.24%$1M12.4K
96GLDSPDR GOLD TRGOLD SHS0.24%$1M8.6K
97ADIANALOG DEVICES INCCOM0.24%$1M8.9K
98DEODIAGEO PLCSPON ADR NEW0.22%$1M7.6K
99URIUNITED RENTALS INCCOM0.22%$1M3.8K
100MGCVANGUARD WORLD FDMEGA CAP INDEX0.22%$1M10.1K

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 ↗.