SEC 13F Intelligence

Managers / Q2 2023 · view latest →

THOROUGHBRED FINANCIAL SERVICES, LLC

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

Reported Value
$763M
Q2 2023
Positions
418
Filings on Record
30
2019–present window
Filed
Aug 3, 2023
original filing

Summary

Thoroughbred Financial Services, LLC reported $763M in U.S.-listed holdings across 418 positions for Q2 2023.

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

Compared with Q1 2023, the fund opened 35 new positions and exited 21.

Portfolio Metrics

Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+40.2%
share of reported value
Largest Position
+9.8%
Ishares Tr
New / Exited
35 / 21
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: 60.2%ETP: 37.2%ADR: 1.7%Other: 0.4%REIT: 0.3%Other: 0.2%
  • Common Stock · 60.2% · $460M
  • ETP · 37.2% · $284M
  • ADR · 1.7% · $13M
  • Other · 0.4% · $3M
  • REIT · 0.3% · $2M
  • Other · 0.2% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TRMKTRUSTMARK CORPNEW+70.0K70.0K+$1M$1M
PJUNINNOVATOR ETFS TRNEW+29.7K29.7K+$940,000$940,000
ACLSAXCELIS TECHNOLOGIES INCNEW+3.9K3.9K+$713,000$713,000
PERION NETWORK LTDNEW+19.3K19.3K+$591,000$591,000
RBB FD INCNEW+12.0K12.0K+$547,000$547,000
J P MORGAN EXCHANGE TRADED FNEW+11.8K11.8K+$522,000$522,000
ZSZSCALER INCNEW+3.1K3.1K+$451,000$451,000
MTBM & T BK CORPNEW+3.3K3.3K+$403,000$403,000

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

Holdings — Q2 2023

292 positions (from 418 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 · RUS TP200 GR ETF · GLOBAL 100 ETF · CORE MSCI TOTAL · CORE S&P SCP ETF · CORE MSCI EAFE · RUS TOP 200 ETF · MSCI USA MIN VOL · US CONSM STAPLES · CORE S&P MCP ETF · MSCI USA MMENTM · ISHARES SEMICDTR · IBONDS 2026 TERM · IBONDS 26 TRM TS · RUS MID CAP ETF · IBONDS 2027 TERM · IBONDS 27 TRM TS · RUS 2000 GRW ETF · IBONDS DEC23 ETF · IBONDS 25 TRM HG · IBONDS 25 TRM TS · IBONDS DEC2026 · MSCI EAFE ETF · IBONDS DEC24 ETF · IBONDS DEC25 ETF · MSCI INTL QUALTY · U.S. MED DVC ETF · US CONSUM DISCRE · IBONDS 27 ETF · MSCI USA SMCP MN · ESG AWR MSCI USA · MSCI USA ESG SLC · AGGRES ALLOC ETF · RUSSELL 2000 ETF · CORE HIGH DV ETF · RUS 1000 GRW ETF · S&P MC 400GR ETF · SP SMCP600VL ETF · 1 3 YR TREAS BD · 7-10 YR TRSY BD9.81%$75M1.02M
2AAPLAPPLE INChistory →COM8.02%$61M315.3K
3MSFTMICROSOFT CORPhistory →COM4.47%$34M100.2K
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 ETF3.40%$26M116.6K
5AMZNAMAZON COM INChistory →COM2.58%$20M151.0K
6QQQINVESCO QQQ TRhistory →UNIT SER 12.42%$18M49.9K
7QQQMINVESCO 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 LOW2.41%$18M190.5K
8NVDANVIDIA CORPORATIONhistory →COM2.39%$18M43.1K
9GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.35%$18M148.7K
10SPGPINVESCO EXCHANGE TRADED FD TS&P 500 GARP ETF · S&P 500 TOP 50 · S&P500 EQL WGT · S&P MDCP QUALITY · S&P MDCP MOMNTUM · S&P500 EQL STP · S&P SMCP VLU MNT · DYNMC LRG GWTH · S&P500 EQL TEC · FTSE RAFI 1500 · S&P 100 EQL WIGH · S&P MDCP400 VL2.34%$18M173.3K
11SCHDSCHWAB STRATEGIC TRUS DIVIDEND EQ · US LRG CAP ETF · SCHWAB FDT US LG · US MID-CAP ETF · SCHWAB FDT US SC · US LCAP GR ETF · SCHWB FDT INT LG · US BRD MKT ETF2.26%$17M261.0K
12COWZPACER FDS TRUS CASH COWS 100 · PACER US SMALL · US EXPORT LEAD2.02%$15M330.0K
13JEPIJ P MORGAN EXCHANGE TRADED FEQUITY PREMIUM · DIVERSFD EQT ETF · DIVERSFED RTRN · US QUALTY FCTR · US VALUE FACTR · NASDAQ EQT PREM · ACTIVE VALUE ETF1.72%$13M244.7K
14JPMJPMORGAN CHASE & COhistory →COM1.21%$9M63.2K
15AVGOBROADCOM INChistory →COM1.17%$9M10.3K
16BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.14%$9M25.4K
17WMTWALMART INChistory →COM1.04%$8M50.3K
18NOBLPROSHARES TRS&P 500 DV ARIST · LARGE CAP CRE · S&P MDCP 400 DIV · EQTS FOR RISIN0.98%$7M89.9K
19HDHOME DEPOT INCCOM0.97%$7M23.9K
20BNOVINNOVATOR ETFS TRUS EQTY BUF NOV · US EQTY PWR BUF · US EQTY BUF DEC · US EQTY BUF SEP · US EQTY BUF OCT · GRWT100 PWR BUF0.97%$7M216.6K
21MOATVANECK ETF TRUSTMRNGSTR WDE MOAT · SEMICONDUCTR ETF0.95%$7M88.6K
22TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.92%$7M69.7K
23JNJJOHNSON & JOHNSONCOM0.85%$7M39.3K
24SHOPSHOPIFY INCCL A0.81%$6M95.9K
25CVXCHEVRON CORP NEWCOM0.81%$6M39.2K
26COSTCOSTCO WHSL CORP NEWCOM0.72%$5M10.2K
27RDVYFIRST TR EXCHANGE-TRADED FDRISNG DIVD ACHIV · CAP STRENGTH ETF · DORSEY WRT 5 ETF · FT CBOE VEST S&P0.70%$5M105.4K
28EXMOCEXXON MOBIL CORPCOM0.69%$5M49.2K
29LLYLILLY ELI & COCOM0.69%$5M11.2K
30VVISA INCCOM CL A0.68%$5M22.0K
31UNHUNITEDHEALTH GROUP INCCOM0.67%$5M10.7K
32LGLVSPDR SER TRSSGA US LRG ETF · S&P DIVID ETF · PRTFLO S&P500 GW · PORTFOLIO S&P600 · PORTFLI TIPS ETF · PORTFOLIO S&P500 · RUSSELL YIELD0.64%$5M64.1K
33METAMETA PLATFORMS INCCL A0.57%$4M15.0K
34MCDMCDONALDS CORPCOM0.55%$4M14.0K
35CRMSALESFORCE INCCOM0.52%$4M18.8K
36MELIMERCADOLIBRE INCCOM0.51%$4M3.3K
37HCAHCA HEALTHCARE INCCOM0.50%$4M12.7K
38MAMASTERCARD INCORPORATEDCL A0.50%$4M9.8K
39LINLINDE PLCSHS0.49%$4M9.7K
40BABOEING COCOM0.48%$4M17.4K
41AMATAPPLIED MATLS INCCOM0.48%$4M25.3K
42DIASPDR DOW JONES INDL AVERAGEUT SER 10.47%$4M10.4K
43PENPENUMBRA INCCOM0.46%$4M10.3K
44XLESELECT SECTOR SPDR TRENERGY · SBI CONS STPLS · TECHNOLOGY · SBI HEALTHCARE · SBI CONS DISCR0.46%$4M37.7K
45VLOVALERO ENERGY CORPCOM0.44%$3M28.8K
46TSLATESLA INCCOM0.44%$3M12.9K
47HONHONEYWELL INTL INCCOM0.42%$3M15.5K
48BACBANK AMERICA CORPCOM0.42%$3M111.6K
49SPYSPDR S&P 500 ETF TRTR UNIT0.42%$3M7.2K
50CDCVICTORY PORTFOLIOS IIVCSHS US EQ INCM · CORE INTERMEDIAT · VCSHS US DISCVRY · VCSHS US LRG CAP · VICSHS DV AC ETF0.41%$3M59.7K
51MRKMERCK & CO INCCOM0.40%$3M26.7K
52DBX ETF TRXTRACK MSCI EAFE0.40%$3M87.0K
53CSCOCISCO SYS INCCOM0.39%$3M58.1K
54RTXRAYTHEON TECHNOLOGIES CORPCOM0.39%$3M30.4K
55MPCMARATHON PETE CORPCOM0.39%$3M25.3K
56PFEPFIZER INCCOM0.38%$3M78.1K
57BLDRBUILDERS FIRSTSOURCE INCCOM0.37%$3M20.8K
58FASTFASTENAL COCOM0.37%$3M47.8K
59PEPPEPSICO INCCOM0.37%$3M15.1K
60QCOMQUALCOMM INCCOM0.37%$3M23.5K
61DGDOLLAR GEN CORP NEWCOM0.37%$3M16.4K
62DGRWWISDOMTREE TRUS QTLY DIV GRT · EUROPE HEDGED EQ · US LARGECAP DIVD · EMG MKTS SMCAP0.36%$3M42.1K
63INTUINTUITCOM0.36%$3M5.9K
64ABBVABBVIE INCCOM0.35%$3M19.8K
65FIRST TR EXCHNG TRADED FD VIFT CBOE VEST US · CBOE VEST NAS100 · FT CBOE VEST BFR · VEST US EQTY BUF0.34%$3M83.7K
66LOWLOWES COS INCCOM0.34%$3M11.6K
67LMTLOCKHEED MARTIN CORPCOM0.34%$3M5.6K
68MUMICRON TECHNOLOGY INCCOM0.33%$3M40.2K
69CATCATERPILLAR INCCOM0.32%$2M9.9K
70ADBEADOBE SYSTEMS INCORPORATEDCOM0.32%$2M5.0K
71ASMLASML HOLDING N VN Y REGISTRY SHS0.31%$2M3.3K
72DIVIFRANKLIN TEMPLETON ETF TRINTL COR DIV TIL0.30%$2M78.1K
73ABTABBOTT LABSCOM0.30%$2M20.8K
74ISRGINTUITIVE SURGICAL INCCOM NEW0.29%$2M6.4K
75VYMVANGUARD WHITEHALL FDSHIGH DIV YLD0.28%$2M20.4K
76TSCOTRACTOR SUPPLY COCOM0.28%$2M9.6K
77SYLDCAMBRIA ETF TRSHSHLD YIELD ETF0.28%$2M34.4K
78ETF SER SOLUTIONSDISTILLATE US · DEFIANCE NEXT0.27%$2M47.8K
79TXNTEXAS INSTRS INCCOM0.27%$2M11.5K
80ADPAUTOMATIC DATA PROCESSING INCOM0.26%$2M9.2K
81TMOTHERMO FISHER SCIENTIFIC INCCOM0.26%$2M3.8K
82AMGNAMGEN INCCOM0.25%$2M8.8K
83URIUNITED RENTALS INCCOM0.25%$2M4.3K
84CHDCHURCH & DWIGHT CO INCCOM0.25%$2M19.1K
85PGPROCTER AND GAMBLE COCOM0.25%$2M12.6K
86KOCOCA COLA COCOM0.24%$2M31.0K
87KLACKLA CORPCOM NEW0.24%$2M3.7K
88DGXQUEST DIAGNOSTICS INCCOM0.23%$2M12.6K
89VEAVANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.23%$2M38.0K
90ETF MANAGERS TRPRIME CYBR SCRTY0.22%$2M33.8K
91ADIANALOG DEVICES INCCOM0.22%$2M8.6K
92MDLZMONDELEZ INTL INCCL A0.21%$2M22.4K
93TDVGT ROWE PRICE ETF INCPRICE DIV GRWT0.21%$2M48.9K
94MGCVANGUARD WORLD FDMEGA CAP INDEX0.21%$2M10.4K
95GLDSPDR GOLD TRGOLD SHS0.21%$2M9.1K
96PNCPNC FINL SVCS GROUP INCCOM0.20%$2M11.9K
97VIGVANGUARD SPECIALIZED FUNDSDIV APP ETF0.19%$1M9.1K
98TRMKTRUSTMARK CORPCOM0.19%$1M70.0K
99CNICANADIAN NATL RY COCOM0.19%$1M11.9K
100STESTERIS PLCSHS USD0.19%$1M6.4K

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 ↗.