SEC 13F Intelligence

Managers / Q4 2023 · view latest →

THOROUGHBRED FINANCIAL SERVICES, LLC

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

Reported Value
$1.2B
Q4 2023
Positions
598
Filings on Record
30
2019–present window
Filed
Feb 9, 2024
original filing

Summary

Thoroughbred Financial Services, LLC reported $1.2B in U.S.-listed holdings across 598 positions for Q4 2023.

Its largest position, ITOT, represents 8.5% of the portfolio.

Compared with Q3 2023, the fund opened 59 new positions and exited 34.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+37.1%
share of reported value
Largest Position
+8.5%
Ishares Tr
New / Exited
59 / 34
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: 63.3%ETP: 34.1%ADR: 1.8%Other: 0.3%REIT: 0.3%Other: 0.2%
  • Common Stock · 63.3% · $784M
  • ETP · 34.1% · $422M
  • ADR · 1.8% · $22M
  • Other · 0.3% · $4M
  • REIT · 0.3% · $3M
  • Other · 0.2% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IWDISHARES TRNEW+18.0K18.0K+$3M$3M
VLUSPDR SER TRNEW+10.4K10.4K+$2M$2M
CAVACAVA GROUP INCNEW+30.9K30.9K+$1M$1M
CELESTICA INCNEW+44.1K44.1K+$1M$1M
HYDBISHARES TRNEW+22.8K22.8K+$1M$1M
RWKINVESCO EXCH TRADED FD TR IINEW+9.5K9.5K+$1M$1M
PATHUIPATH INCNEW+37.5K37.5K+$930,000$930,000
TCAFT ROWE PRICE ETF INCNEW+28.9K28.9K+$799,000$799,000

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

Holdings — Q4 2023

365 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ITOTISHARES TRCORE S&P TTL STK · CORE DIV GRWTH · CORE S&P US GWT · RUS TP200 GR ETF · GLOBAL 100 ETF · CORE S&P500 ETF · CORE MSCI TOTAL · SELECT DIVID ETF · CORE S&P SCP ETF · RUS 1000 VAL ETF · RUS MID CAP ETF · CORE MSCI EAFE · RUS TOP 200 ETF · RUSSELL 2000 ETF · MSCI EAFE ETF · CORE S&P MCP ETF · IBONDS 2026 TERM · US CONSM STAPLES · MSCI USA MIN VOL · IBONDS 26 TRM TS · ISHARES SEMICDTR · HIGH YLD BD FCTR · MSCI USA MMENTM · IBONDS 2027 TERM · RUS 1000 GRW ETF · IBONDS 27 TRM TS · IBONDS 25 TRM TS · IBONDS DEC25 ETF · IBONDS DEC24 ETF · RUS 1000 ETF · IBONDS 25 TRM HG · IBONDS DEC2026 · RUS MD CP GR ETF · IBONDS 27 ETF · IBONDS 28 TRM TS · IBONDS 24 TRM TS · MSCI INTL QUALTY · S&P 100 ETF · RUS 2000 GRW ETF · MSCI ACWI ETF · AGGRES ALLOC ETF · U.S. TECH ETF · S&P MC 400GR ETF · US AER DEF ETF · MSCI USA SMCP MN · U.S. MED DVC ETF · IBDS DEC28 ETF8.47%$105M1.39M
2AAPLAPPLE INChistory →COM6.16%$76M396.4K
3MSFTMICROSOFT CORPhistory →COM4.08%$51M134.3K
4NVDANVIDIA CORPORATIONhistory →COM3.12%$39M78.1K
5XLGINVESCO EXCHANGE TRADED FD TS&P 500 TOP 50 · S&P 500 GARP ETF · S&P MDCP QUALITY · S&P500 EQL WGT · S&P MDCP MOMNTUM · BUYBACK ACHIEV · S&P SMCP VLU MNT · S&P500 EQL STP · LARGE CAP GROWTH · S&P500 EQL TEC · S&P SMLCP MOMENT · S&P500 QUALITY · S&P 100 EQL WIGH · FTSE RAFI 15002.92%$36M597.9K
6VTIVANGUARD 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 IDXVIP2.83%$35M140.1K
7AMZNAMAZON COM INChistory →COM2.54%$31M206.7K
8GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.49%$31M219.8K
9QQQMINVESCO EXCH TRADED FD TR IINASDAQ 100 ETF · S&P 500 REVENUE · S&P SMALLCAP 600 · S&P500 LOW VOL · S&P MDCP 400 REV · S&P SMLCAP QTY · DORSEY WRGT SMLC2.31%$29M311.3K
10JEPIJ P MORGAN EXCHANGE TRADED FEQUITY PREMIUM · NASDAQ EQT PREM · US QUALTY FCTR · US VALUE FACTR · CORE PLUS BD ETF · DIVERSFD EQT ETF · DIVERSFED RTRN · ACTIVE VALUE ETF2.22%$27M525.0K
11COWZPACER FDS TRUS CASH COWS 100 · PACER US SMALL · US EXPORT LEAD2.11%$26M513.5K
12QQQINVESCO QQQ TRhistory →UNIT SER 11.87%$23M56.6K
13ESCAESCALADE INChistory →COM1.82%$23M1.12M
14SCHDSCHWAB STRATEGIC TRUS DIVIDEND EQ · SCHWAB FDT US LG · US LRG CAP ETF · US MID-CAP ETF · SCHWAB FDT US SC · US LCAP GR ETF · SCHWB FDT INT LG1.58%$20M283.5K
15JPMJPMORGAN CHASE & COhistory →COM1.36%$17M99.3K
16BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A1.25%$15M41.8K
17HDHOME DEPOT INChistory →COM1.05%$13M37.7K
18AVGOBROADCOM INChistory →COM0.99%$12M10.9K
19WMTWALMART INChistory →COM0.97%$12M76.2K
20VVISA INChistory →COM CL A0.85%$11M40.4K
21MOATVANECK ETF TRUSTMRNGSTR WDE MOAT · SEMICONDUCTR ETF0.85%$10M120.7K
22LLYELI LILLY & COhistory →COM0.83%$10M17.6K
23METAMETA PLATFORMS INCCL A0.80%$10M28.0K
24TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.79%$10M94.3K
25UNHUNITEDHEALTH GROUP INCCOM0.74%$9M17.4K
26SHOPSHOPIFY INCCL A0.71%$9M113.3K
27NOBLPROSHARES TRS&P 500 DV ARIST · LARGE CAP CRE · ULTRAPRO QQQ · S&P MDCP 400 DIV0.69%$9M100.9K
28EXMOCEXXON MOBIL CORPCOM0.67%$8M83.0K
29COSTCOSTCO WHSL CORP NEWCOM0.67%$8M12.5K
30MELIMERCADOLIBRE INCCOM0.66%$8M5.2K
31RDVYFIRST TR EXCHANGE-TRADED FDRISNG DIVD ACHIV · CAP STRENGTH ETF · DORSEY WRT 5 ETF · FT CBOE VEST S&P0.64%$8M147.3K
32BNOVINNOVATOR ETFS TRUS EQTY BUF NOV · US EQTY BUF SEP · US EQTY PWR BUF · US EQTY BUF DEC · GRWT100 PWR BUF · US EQTY BUF OCT0.63%$8M218.7K
33JNJJOHNSON & JOHNSONCOM0.61%$8M48.0K
34CVXCHEVRON CORP NEWCOM0.55%$7M45.9K
35LGLVSPDR SER TRSSGA US LRG ETF · SPDR S&P1500VL · S&P DIVID ETF · PRTFLO S&P500 GW · PORTFOLIO S&P600 · S&P 600 SMCP GRW · PORTFLI TIPS ETF0.54%$7M73.0K
36TSLATESLA INCCOM0.52%$6M25.8K
37CRMSALESFORCE INCCOM0.48%$6M22.5K
38RBB FD INCUS TREASR 10 YR · US TREAS 5 YR NT · US TREASY 2 YR · US TREASRY 12 MT0.46%$6M121.2K
39MAMASTERCARD INCORPORATEDCL A0.46%$6M13.4K
40BACBANK AMERICA CORPCOM0.46%$6M168.9K
41HCAHCA HEALTHCARE INCCOM0.44%$5M19.9K
42LINLINDE PLCSHS0.43%$5M13.0K
43MCDMCDONALDS CORPCOM0.43%$5M17.9K
44DIVIFRANKLIN TEMPLETON ETF TRINTL COR DIV TIL0.42%$5M168.4K
45LOWLOWES COS INCCOM0.42%$5M23.2K
46BABOEING COCOM0.42%$5M19.7K
47DIASPDR DOW JONES INDL AVERAGEUT SER 10.41%$5M13.5K
48PEPPEPSICO INCCOM0.40%$5M29.5K
49BLDRBUILDERS FIRSTSOURCE INCCOM0.39%$5M28.6K
50MPCMARATHON PETE CORPCOM0.38%$5M32.0K
51VLOVALERO ENERGY CORPCOM0.38%$5M35.8K
52CSCOCISCO SYS INCCOM0.37%$5M89.7K
53XLESELECT SECTOR SPDR TRENERGY · SBI CONS STPLS · TECHNOLOGY · SBI HEALTHCARE · SBI CONS DISCR0.34%$4M43.9K
54DGRWWISDOMTREE TRUS QTLY DIV GRT · EUROPE HEDGED EQ · US LARGECAP DIVD · EMG MKTS SMCAP · ITL HDG QTLY DIV0.34%$4M73.8K
55DBX ETF TRXTRACK MSCI EAFE0.33%$4M112.2K
56ABBVABBVIE INCCOM0.33%$4M26.6K
57SPYSPDR S&P 500 ETF TRTR UNIT0.33%$4M8.6K
58AMGNAMGEN INCCOM0.33%$4M14.2K
59MRKMERCK & CO INCCOM0.32%$4M36.4K
60ASMLASML HOLDING N VN Y REGISTRY SHS0.31%$4M5.2K
61TSCOTRACTOR SUPPLY COCOM0.31%$4M18.1K
62QCOMQUALCOMM INCCOM0.31%$4M26.5K
63INTUINTUITCOM0.31%$4M6.1K
64CATCATERPILLAR INCCOM0.30%$4M12.5K
65HONHONEYWELL INTL INCCOM0.30%$4M17.4K
66NVONOVO-NORDISK A SADR0.29%$4M34.7K
67FASTFASTENAL COCOM0.28%$4M54.4K
68SYLDCAMBRIA ETF TRSHSHLD YIELD ETF0.28%$3M51.8K
69CTASCINTAS CORPCOM0.28%$3M5.7K
70LMTLOCKHEED MARTIN CORPCOM0.28%$3M7.5K
71PGPROCTER AND GAMBLE COCOM0.26%$3M22.1K
72ADBEADOBE INCCOM0.26%$3M5.4K
73CRWDCROWDSTRIKE HLDGS INCCL A0.26%$3M12.4K
74KOCOCA COLA COCOM0.24%$3M50.9K
75MODMODINE MFG COCOM0.24%$3M49.6K
76AMATAPPLIED MATLS INCCOM0.24%$3M18.2K
77URIUNITED RENTALS INCCOM0.24%$3M5.1K
78ISRGINTUITIVE SURGICAL INCCOM NEW0.23%$3M8.6K
79PENPENUMBRA INCCOM0.23%$3M11.5K
80CTBICOMMUNITY TR BANCORP INCCOM0.23%$3M65.6K
81AMDADVANCED MICRO DEVICES INCCOM0.23%$3M19.1K
82BKNGBOOKING HOLDINGS INCCOM0.22%$3M772
83CHDCHURCH & DWIGHT CO INCCOM0.22%$3M28.4K
84FIRST TR EXCHNG TRADED FD VIFT CBOE VEST US · CBOE VEST NAS100 · FT CBOE VEST BFR0.21%$3M81.3K
85GSGOLDMAN SACHS GROUP INCCOM0.21%$3M6.9K
86PNCPNC FINL SVCS GROUP INCCOM0.21%$3M16.9K
87CMCSACOMCAST CORP NEWCL A0.21%$3M58.9K
88FDVVFIDELITY COVINGTON TRUSTHIGH DIVID ETF · NEW MILLENNIUM · ENHANCED INTL0.21%$3M66.7K
89SHWSHERWIN WILLIAMS COCOM0.20%$3M8.1K
90MDLZMONDELEZ INTL INCCL A0.20%$2M34.0K
91ETF MANAGERS TRPRIME CYBR SCRTY0.20%$2M40.5K
92STESTERIS PLCSHS USD0.19%$2M10.8K
93AZNNASTRAZENECA PLCSPONSORED ADR0.19%$2M35.1K
94ETF SER SOLUTIONSDISTILLATE US0.19%$2M47.5K
95TDVGT ROWE PRICE ETF INCPRICE DIV GRWT · CAP APPRECIATION0.19%$2M72.6K
96NOWSERVICENOW INCCOM0.18%$2M3.2K
97ABTABBOTT LABSCOM0.18%$2M20.7K
98VYMVANGUARD WHITEHALL FDSHIGH DIV YLD0.18%$2M20.4K
99MGCVANGUARD WORLD FDMEGA CAP INDEX0.18%$2M13.3K
100KLACKLA CORPCOM NEW0.18%$2M3.9K

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 ↗.