SEC 13F Intelligence

Managers / Q1 2023 · view latest →

THOROUGHBRED FINANCIAL SERVICES, LLC

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

Reported Value
$677M
Q1 2023
Positions
404
Filings on Record
30
2019–present window
Filed
Apr 24, 2023
original filing

Summary

Thoroughbred Financial Services, LLC reported $677M in U.S.-listed holdings across 404 positions for Q1 2023.

Its largest position, ITOT, represents 10.0% of the portfolio.

Compared with Q4 2022, the fund opened 36 new positions and exited 19.

Portfolio Metrics

Turnover
+4.2%
vs prior filed quarter
Top-10 Concentration
+39.2%
share of reported value
Largest Position
+10.0%
Ishares Tr
New / Exited
36 / 19
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: 60.6%ETP: 36.4%ADR: 2.0%Other: 0.5%REIT: 0.3%Other: 0.2%
  • Common Stock · 60.6% · $410M
  • ETP · 36.4% · $247M
  • ADR · 2.0% · $14M
  • Other · 0.5% · $3M
  • REIT · 0.3% · $2M
  • Other · 0.2% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LINLINDE PLCNEW+9.8K9.8K+$3M$3M
JXNJACKSON FINANCIAL INCNEW+21.1K21.1K+$789,000$789,000
TEXTEREX CORP NEWNEW+12.9K12.9K+$624,000$624,000
FIRST TR EXCHNG TRADED FD VINEW+14.9K14.9K+$520,000$520,000
BSEPINNOVATOR ETFS TRNEW+15.7K15.7K+$505,000$505,000
SESEA LTDNEW+4.9K4.9K+$422,000$422,000
PEXLPACER FDS TRNEW+9.6K9.6K+$398,000$398,000
PSEPINNOVATOR ETFS TRNEW+12.6K12.6K+$385,000$385,000

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

Holdings — Q1 2023

285 positions (from 404 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ITOTISHARES TRCORE S&P TTL STK · CORE DIV GRWTH · SELECT DIVID ETF · CORE S&P500 ETF · CORE S&P US GWT · CORE MSCI TOTAL · GLOBAL 100 ETF · RUS TP200 GR ETF · CORE S&P SCP ETF · CORE MSCI EAFE · RUS TOP 200 ETF · MSCI USA MIN VOL · MSCI USA MMENTM · US CONSM STAPLES · CORE S&P MCP ETF · ISHARES SEMICDTR · RUS MID CAP ETF · IBONDS 2026 TERM · IBONDS 2027 TERM · IBONDS 26 TRM TS · RUS 2000 GRW ETF · IBONDS DEC23 ETF · IBONDS 27 TRM TS · IBONDS 25 TRM HG · S&P SML 600 GWT · MSCI EAFE ETF · IBONDS DEC2026 · IBONDS 25 TRM TS · 7-10 YR TRSY BD · IBONDS DEC24 ETF · MSCI INTL QUALTY · IBONDS DEC25 ETF · U.S. MED DVC ETF · MSCI USA SMCP MN · MSCI USA ESG SLC · IBONDS 27 ETF · US CONSUM DISCRE · RUSSELL 2000 ETF · ESG AWR MSCI USA · CORE HIGH DV ETF · SP SMCP600VL ETF · RUS 1000 GRW ETF · 1 3 YR TREAS BD10.01%$68M943.8K
2AAPLAPPLE INChistory →COM7.65%$52M314.1K
3MSFTMICROSOFT CORPhistory →COM4.31%$29M101.3K
4VTIVANGUARD INDEX FDSTOTAL STK MKT · S&P 500 ETF SHS · SMALL CP ETF · MID CAP ETF · VALUE ETF · GROWTH ETF · MCAP VL IDXVIP · SM CP VAL ETF · REAL ESTATE ETF3.54%$24M115.0K
5QQQINVESCO QQQ TRhistory →UNIT SER 12.60%$18M54.8K
6SCHDSCHWAB STRATEGIC TRUS DIVIDEND EQ · US LRG CAP ETF · US MID-CAP ETF · SCHWAB FDT US SC · SCHWAB FDT US LG · US LCAP GR ETF · US BRD MKT ETF · SCHWB FDT INT LG2.47%$17M253.2K
7AMZNAMAZON COM INChistory →COM2.28%$15M149.4K
8GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.26%$15M147.2K
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 MOMNTUM · S&P MDCP QUALITY · S&P SMCP VLU MNT · DYNMC LRG GWTH · S&P500 EQL TEC · FTSE RAFI 1500 · S&P 100 EQL WIGH2.15%$15M148.3K
10COWZPACER FDS TRUS CASH COWS 100 · PACER US SMALL · US EXPORT LEAD1.98%$13M293.9K
11QQQMINVESCO EXCH TRADED FD TR IINASDAQ 100 ETF · S&P 500 REVENUE · S&P500 LOW VOL · S&P SMALLCAP 600 · DWA SMLCP MENT · RUSEL 1000 EQL · S&P MIDCP LOW1.90%$13M146.6K
12NVDANVIDIA CORPORATIONhistory →COM1.71%$12M41.8K
13JPMJPMORGAN CHASE & COhistory →COM1.20%$8M62.4K
14BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.10%$7M24.0K
15WMTWALMART INChistory →COM1.08%$7M49.7K
16HDHOME DEPOT INChistory →COM1.04%$7M23.9K
17NOBLPROSHARES TRS&P 500 DV ARIST · LARGE CAP CRE · EQTS FOR RISIN · S&P MDCP 400 DIV1.03%$7M89.8K
18TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.99%$7M72.4K
19CVXCHEVRON CORP NEWCOM0.94%$6M39.1K
20JNJJOHNSON & JOHNSONCOM0.90%$6M39.4K
21AVGOBROADCOM INCCOM0.90%$6M9.5K
22BNOVINNOVATOR ETFS TRUS EQTY BUF NOV · US EQTY PWR BUF · US EQTY BUF DEC · US EQTY BUF SEP · US EQTY BUF OCT · GRWT100 PWR BUF0.86%$6M181.8K
23RDVYFIRST TR EXCHANGE-TRADED FDRISNG DIVD ACHIV · CAP STRENGTH ETF · DORSEY WRT 5 ETF · FT CBOE VEST S&P0.85%$6M116.9K
24JEPIJ P MORGAN EXCHANGE TRADED FEQUITY PREMIUM · US VALUE FACTR · DIVERSFD EQT ETF · DIVERSFED RTRN0.80%$5M107.2K
25EXMOCEXXON MOBIL CORPCOM0.77%$5M47.8K
26VVISA INCCOM CL A0.73%$5M22.0K
27COSTCOSTCO WHSL CORP NEWCOM0.72%$5M9.9K
28UNHUNITEDHEALTH GROUP INCCOM0.72%$5M10.2K
29LGLVSPDR SER TRSSGA US LRG ETF · S&P DIVID ETF · PRTFLO S&P500 GW · S&P 600 SML CAP · PORTFLI TIPS ETF · RUSSELL YIELD · S&P REGL BKG0.69%$5M59.0K
30SHOPSHOPIFY INCCL A0.68%$5M96.2K
31CDCVICTORY PORTFOLIOS IIVCSHS US EQ INCM · VCTRYSHS USAA CR · VCSHS US DISCVRY · VCSHS US LRG CAP · VICSHS DV AC ETF0.67%$5M84.3K
32MOATVANECK ETF TRUSTMRNGSTR WDE MOAT · SEMICONDUCTR ETF0.66%$4M57.7K
33MELIMERCADOLIBRE INCCOM0.62%$4M3.2K
34VLOVALERO ENERGY CORPCOM0.59%$4M28.6K
35MCDMCDONALDS CORPCOM0.59%$4M14.2K
36XLESELECT SECTOR SPDR TRENERGY · SBI CONS STPLS · TECHNOLOGY · SBI HEALTHCARE · SBI CONS DISCR · SBI INT-UTILS0.57%$4M42.9K
37DGDOLLAR GEN CORP NEWCOM0.54%$4M17.5K
38BABOEING COCOM0.54%$4M17.3K
39HCAHCA HEALTHCARE INCCOM0.53%$4M13.7K
40MAMASTERCARD INCORPORATEDCL A0.52%$4M9.6K
41DIASPDR DOW JONES INDL AVERAGEUT SER 10.52%$4M10.5K
42LINLINDE PLCSHS0.51%$3M9.8K
43MPCMARATHON PETE CORPCOM0.51%$3M25.8K
44PFEPFIZER INCCOM0.50%$3M83.1K
45BACBANK AMERICA CORPCOM0.49%$3M115.0K
46CRMSALESFORCE INCCOM0.47%$3M16.1K
47LLYLILLY ELI & COCOM0.47%$3M9.2K
48QCOMQUALCOMM INCCOM0.46%$3M24.5K
49ABBVABBVIE INCCOM0.46%$3M19.5K
50AMATAPPLIED MATLS INCCOM0.46%$3M25.2K
51CSCOCISCO SYS INCCOM0.46%$3M59.1K
52SPYSPDR S&P 500 ETF TRTR UNIT0.45%$3M7.4K
53METAMETA PLATFORMS INCCL A0.43%$3M13.9K
54HONHONEYWELL INTL INCCOM0.43%$3M15.3K
55PENPENUMBRA INCCOM0.42%$3M10.2K
56RTXRAYTHEON TECHNOLOGIES CORPCOM0.42%$3M28.8K
57MUMICRON TECHNOLOGY INCCOM0.42%$3M46.7K
58PEPPEPSICO INCCOM0.41%$3M15.3K
59MRKMERCK & CO INCCOM0.41%$3M25.8K
60FASTFASTENAL COCOM0.39%$3M48.6K
61LMTLOCKHEED MARTIN CORPCOM0.38%$3M5.4K
62INTUINTUITCOM0.38%$3M5.7K
63LOWLOWES COS INCCOM0.36%$2M12.2K
64FIRST TR EXCHNG TRADED FD VIFT CBOE VEST US · CBOE VEST NAS100 · FT CBOE VEST BFR · VEST US EQTY BUF0.36%$2M83.7K
65TSLATESLA INCCOM0.34%$2M11.2K
66VYMVANGUARD WHITEHALL FDSHIGH DIV YLD0.34%$2M21.5K
67DBX ETF TRXTRACK MSCI EAFE0.33%$2M63.8K
68ASMLASML HOLDING N VN Y REGISTRY SHS0.33%$2M3.3K
69TMOTHERMO FISHER SCIENTIFIC INCCOM0.32%$2M3.8K
70CATCATERPILLAR INCCOM0.32%$2M9.5K
71AMGNAMGEN INCCOM0.31%$2M8.8K
72ABTABBOTT LABSCOM0.31%$2M20.9K
73DGRWWISDOMTREE TRUS QTLY DIV GRT · US LARGECAP DIVD · EUROPE HEDGED EQ0.31%$2M32.6K
74TSCOTRACTOR SUPPLY COCOM0.31%$2M8.9K
75TXNTEXAS INSTRS INCCOM0.30%$2M11.0K
76ADPAUTOMATIC DATA PROCESSING INCOM0.29%$2M8.9K
77DIVIFRANKLIN TEMPLETON ETF TRINTL COR DIV TIL0.29%$2M68.7K
78PNCPNC FINL SVCS GROUP INCCOM0.29%$2M15.3K
79KOCOCA COLA COCOM0.29%$2M31.2K
80ETF SER SOLUTIONSDISTILLATE US · DEFIANCE NEXT0.28%$2M46.2K
81PGPROCTER AND GAMBLE COCOM0.28%$2M12.7K
82SYLDCAMBRIA ETF TRSHSHLD YIELD ETF0.28%$2M32.1K
83RFREGIONS FINANCIAL CORP NEWCOM0.28%$2M100.5K
84DGXQUEST DIAGNOSTICS INCCOM0.27%$2M12.9K
85BLDRBUILDERS FIRSTSOURCE INCCOM0.27%$2M20.5K
86ADBEADOBE SYSTEMS INCORPORATEDCOM0.26%$2M4.6K
87CHDCHURCH & DWIGHT CO INCCOM0.25%$2M19.4K
88VEAVANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.25%$2M37.2K
89URIUNITED RENTALS INCCOM0.25%$2M4.2K
90ADIANALOG DEVICES INCCOM0.24%$2M8.3K
91ETF MANAGERS TRPRIME CYBR SCRTY0.24%$2M34.1K
92TDVGT ROWE PRICE ETF INCPRICE DIV GRWT0.24%$2M50.0K
93FBNDFIDELITY MERRIMACK STR TRTOTAL BD ETF0.24%$2M34.6K
94GLDSPDR GOLD TRGOLD SHS0.23%$2M8.6K
95MDLZMONDELEZ INTL INCCL A0.23%$2M22.0K
96ISRGINTUITIVE SURGICAL INCCOM NEW0.23%$2M6.0K
97MGCVANGUARD WORLD FDMEGA CAP INDEX0.22%$1M10.4K
98CNICANADIAN NATL RY COCOM0.22%$1M12.4K
99NXPINXP SEMICONDUCTORS N VCOM0.21%$1M7.5K
100KLACKLA CORPCOM NEW0.21%$1M3.5K

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 ↗.