SEC 13F Intelligence

Managers / Q3 2025 · view latest →

THOROUGHBRED FINANCIAL SERVICES, LLC

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

Reported Value
$1.6B
Q3 2025
Positions
564
Filings on Record
30
2019–present window
Filed
Nov 10, 2025
original filing

Summary

Thoroughbred Financial Services, LLC reported $1.6B in U.S.-listed holdings across 564 positions for Q3 2025.

Its largest position, NVDA, represents 5.9% of the portfolio.

Compared with Q2 2025, the fund opened 46 new positions and exited 27.

Portfolio Metrics

Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+27.4%
share of reported value
Largest Position
+5.9%
Nvidia Corporation Com
New / Exited
46 / 27
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: 55.8%ETP: 41.5%ADR: 2.3%Other: 0.2%REIT: 0.1%MLP: 0.1%
  • Common Stock · 55.8% · $904M
  • ETP · 41.5% · $673M
  • ADR · 2.3% · $38M
  • Other · 0.2% · $3M
  • REIT · 0.1% · $2M
  • MLP · 0.1% · $929,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AXONAXON ENTERPRISE INC COMNEW+2.0K2.0K+$1M$1M
COFCAPITAL ONE FINL CORP COMNEW+4.8K4.8K+$1M$1M
VISNCOMMSCOPE HLDG CO INC COMNEW+57.8K57.8K+$895,000$895,000
CIBRFIRST TRUST NASDAQ CYBERSECURITY ETFNEW+10.3K10.3K+$781,000$781,000
BLKBLACKROCK INC COMNEW+583583+$679,000$679,000
EVMOEATON VANCE MORTGAGE OPPORTUNITIES ETFNEW+12.4K12.4K+$626,000$626,000
DEFIANCE QUANTUM ETFNEW+5.5K5.5K+$573,000$573,000
CIDARA THERAPEUTICS INC COM NEWNEW+4.9K4.9K+$472,000$472,000

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

Holdings — Q3 2025

499 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPORATION COMhistory →Stock5.86%$95M508.9K
2AAPLAPPLE INC COMhistory →Stock4.86%$79M309.1K
3MSFTMICROSOFT CORP COMhistory →Stock3.33%$54M104.1K
4GOOGALPHABET INC CAP STK CL CStock2.43%$39M161.6K
5AMZNAMAZON COM INC COMhistory →Stock2.28%$37M167.9K
6AVGOBROADCOM INC COMhistory →Stock2.12%$34M104.0K
7QQQINVESCO QQQ TRUST SERIES Ihistory →ETF1.74%$28M46.9K
8QQQMINVESCO NASDAQ 100 ETFhistory →ETF1.72%$28M112.7K
9TSMTAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADShistory →ADR1.60%$26M93.0K
10JPMJPMORGAN CHASE & CO. COMhistory →Stock1.51%$24M77.5K
11BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEWhistory →Stock1.37%$22M44.1K
12APPAPPLOVIN CORP COM CL Ahistory →Stock1.25%$20M28.1K
13WMTWALMART INC COMhistory →Stock1.22%$20M191.4K
14VOOVANGUARD S&P 500 ETFhistory →ETF1.21%$20M31.9K
15COWZPACER US CASH COWS 100 ETFhistory →ETF1.19%$19M335.5K
16METAMETA PLATFORMS INC CL Ahistory →Stock1.13%$18M24.9K
17JEPIJPMORGAN EQUITY PREMIUM INCOME ETFhistory →ETF1.12%$18M317.3K
18VTIVANGUARD TOTAL STOCK MARKET ETFhistory →ETF1.10%$18M54.5K
19ITOTISHARES CORE S&P TOTAL U.S. STOCK MARKET ETFhistory →ETF1.07%$17M119.2K
20IWYISHARES RUSSELL TOP 200 GROWTH ETFhistory →ETF1.03%$17M60.8K
21CGDVCAPITAL GROUP DIVIDEND VALUE ETFhistory →ETF1.02%$17M394.3K
22RWLINVESCO S&P 500 REVENUE ETFhistory →ETF1.01%$16M148.4K
23CLSCELESTICA INC COMhistory →Stock0.89%$14M58.6K
24SHOPSHOPIFY INC CL A SUB VTG SHShistory →Stock0.89%$14M96.7K
25IVVISHARES CORE S&P 500 ETFhistory →ETF0.86%$14M20.8K
26IOOISHARES GLOBAL 100 ETFhistory →ETF0.79%$13M106.0K
27XLGINVESCO S&P 500 TOP 50 ETFhistory →ETF0.73%$12M205.4K
28QTOPISHARES NASDAQ TOP 30 STOCKS ETFhistory →ETF0.70%$11M366.2K
29RDVYFIRST TRUST RISING DIVIDEND ACHIEVERS ETFhistory →ETF0.69%$11M165.1K
30HDHOME DEPOT INC COMhistory →Stock0.68%$11M27.0K
31DGROISHARES CORE DIVIDEND GROWTH ETFhistory →ETF0.63%$10M150.2K
32LLYELI LILLY & CO COMhistory →Stock0.62%$10M13.1K
33XMHQINVESCO S&P MIDCAP QUALITY ETFhistory →ETF0.62%$10M95.4K
34VVISA INC COM CL AStock0.58%$9M27.5K
35MELIMERCADOLIBRE INC COMStock0.57%$9M4.0K
36CGGRCAPITAL GROUP GROWTH ETFETF0.56%$9M207.1K
37COSTCOSTCO WHSL CORP NEW COMStock0.53%$9M9.3K
38TSLATESLA INC COMStock0.53%$9M19.2K
39FDVVFIDELITY HIGH DIVIDEND ETFETF0.51%$8M147.9K
40MUMICRON TECHNOLOGY INC COMStock0.50%$8M48.1K
41IUSGISHARES CORE S&P U.S. GROWTH ETFETF0.46%$7M45.5K
42XTRACKERS MSCI EAFE HEDGED EQUITY ETFETF0.46%$7M160.9K
43SPGPINVESCO S&P 500 GARP ETFETF0.46%$7M65.2K
44JPMORGAN NASDAQ EQUITY PREMIUM INCOME ETFETF0.44%$7M122.6K
45SPMOINVESCO S&P 500 MOMENTUM ETFETF0.43%$7M57.6K
46BACBANK AMERICA CORP COMStock0.42%$7M131.0K
47CRWDCROWDSTRIKE HLDGS INC CL AStock0.42%$7M13.8K
48XMMOINVESCO S&P MIDCAP MOMENTUM ETFETF0.42%$7M49.8K
49NFLXNETFLIX INC COMStock0.41%$7M5.6K
50MAMASTERCARD INCORPORATED CL AStock0.41%$7M11.7K
51EXMOCEXXON MOBIL CORP COMStock0.39%$6M56.1K
52TCAFT. ROWE PRICE CAPITAL APPRECIATION EQUITY ETFETF0.39%$6M166.2K
53HCAHCA HEALTHCARE INC COMStock0.38%$6M14.5K
54CVXCHEVRON CORP NEW COMStock0.38%$6M39.6K
55SCHDSCHWAB US DIVIDEND EQUITY ETFETF0.36%$6M213.7K
56MODMODINE MFG CO COMStock0.36%$6M40.7K
57RSPINVESCO S&P 500 EQUAL WEIGHT ETFETF0.35%$6M30.0K
58SCHGSCHWAB U.S. LARGE-CAP GROWTH ETFETF0.35%$6M176.7K
59SPHQINVESCO S&P 500 QUALITY ETFETF0.35%$6M76.3K
60PLTRPALANTIR TECHNOLOGIES INC CL AStock0.34%$6M30.6K
61CGUSCAPITAL GROUP CORE EQUITY ETFETF0.34%$6M140.7K
62MPCMARATHON PETE CORP COMStock0.34%$5M28.3K
63DIVIFRANKLIN INTERNATIONAL CORE DIVIDEND TILT INDEX FUNDETF0.32%$5M138.0K
64URIUNITED RENTALS INC COMStock0.31%$5M5.3K
65NOBLPROSHARES S&P 500 DIVIDEND ARISTOCRATS ETFETF0.30%$5M47.7K
66AMDADVANCED MICRO DEVICES INC COMStock0.30%$5M30.2K
67DIASPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUSTETF0.30%$5M10.4K
68LINLINDE PLC SHSStock0.30%$5M10.1K
69PKWINVESCO BUYBACK ACHIEVERS ETFETF0.29%$5M36.1K
70CATCATERPILLAR INC COMStock0.29%$5M10.0K
71VLOVALERO ENERGY CORP COMStock0.29%$5M27.6K
72CRDOCREDO TECHNOLOGY GROUP HOLDING ORDINARY SHARESStock0.29%$5M32.1K
73JNJJOHNSON & JOHNSON COMStock0.28%$5M24.4K
74ABBVABBVIE INC COMStock0.28%$5M19.5K
75FNDXSCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETFETF0.28%$5M171.2K
76VBVANGUARD SMALL-CAP ETFETF0.27%$4M17.3K
77SPYSPDR S&P 500 ETF TRUSTETF0.27%$4M6.5K
78DIVOAMPLIFY CWP ENHANCED DIVIDEND INCOME ETFETF0.26%$4M95.5K
79RTXRTX CORPORATION COMStock0.26%$4M25.2K
80ORCLORACLE CORP COMStock0.26%$4M14.9K
81CGBLCAPITAL GROUP CORE BALANCED ETFETF0.26%$4M119.8K
82IXUSISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETFETF0.25%$4M50.0K
83GSGOLDMAN SACHS GROUP INC COMStock0.25%$4M5.1K
84IWLISHARES RUSSELL TOP 200 ETFETF0.25%$4M24.5K
85MOATVANECK MORNINGSTAR WIDE MOAT ETFETF0.25%$4M41.0K
86FASTFASTENAL CO COMStock0.25%$4M82.7K
87ZSZSCALER INC COMStock0.25%$4M13.5K
88GLWCORNING INC COMStock0.25%$4M49.1K
89STRLSTERLING INFRASTRUCTURE INC COMStock0.25%$4M11.7K
90ISHARES CURRENCY HEDGED MSCI EAFE ETFETF0.24%$4M100.1K
91OKLOOKLO INC COM CL AStock0.24%$4M35.0K
92SMCISUPER MICRO COMPUTER INC COM NEWStock0.23%$4M79.4K
93AIRRFIRST TRUST RBA AMERICAN INDUSTRIAL RENAISSANCE ETFETF0.23%$4M38.7K
94IBTKISHARES IBONDS DEC 2030 TERM TREASURY ETFETF0.23%$4M187.0K
95VEAVANGUARD FTSE DEVELOPED MARKETS ETFETF0.23%$4M61.8K
96VUGVANGUARD GROWTH ETFETF0.23%$4M7.7K
97SOXXISHARES SEMICONDUCTOR ETFETF0.23%$4M13.6K
98IBTIISHARES IBONDS DEC 2028 TERM TREASURY ETFETF0.22%$4M161.9K
99CSCOCISCO SYS INC COMStock0.22%$4M52.8K
100ASMLASML HOLDING N V N Y REGISTRY SHSADR0.22%$4M3.7K

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 ↗.