TF
Thoroughbred Financial Services, LLC 13F Filing (Q2 2026) — Top Positions & Stock Picks
Thoroughbred Financial Services, LLCCIK: 0001091370
Diversified strategyMomentum followerSector-focused
Total reported value
$2.1B
Reporting period: 2026-06-30 · Number of holdings: 624
THOROUGHBRED FINANCIAL SERVICES, LLC disclosed 624 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $2.1B and a quarterly turnover rate of 28.8%.
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Personality snowflake
- Concentration
- 4.69
- Portfolio Stability
- 28.79
- Momentum
- 100
- Sector conviction
- 99.89
- Diversification
- 100
- Sizing Uniformity
- 74.85
Thoroughbred Financial Services, LLC's disclosed holdings carry a Herfindahl concentration index of 0.012 — mathematically equivalent to about 85 equally-sized positions, well below its 624 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.52), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 54% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MU
+3.6% $49.6M
Add SPMO
+47.8% $21.5M
Trim JEPI
-63.8% -$11.0M
Add AMD
+6.6% $14.1M
Sold out XOM
Add DIVO
+123.6% $10.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 624 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 4.95% | -0.37% | +0.81% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 4.29% | -0.39% | +0.10% | |
| 3 | MU | Micron Technology Inc | Stock-Tech | 3.31% | +2.15% | +3.61% | |
| 4 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 2.25% | +0.30% | +1.35% | |
| 5 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 2.11% | +0.31% | +14.83% | |
| 6 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.99% | -0.16% | +0.44% | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 1.96% | -0.41% | +2.19% | |
| 8 | SPMO | Invesco S&p 500 Momentum ETF | ETF-Large Cap & Growth | 1.95% | +0.81% | +47.79% | |
| 9 | AVGO | Broadcom Inc | Stock-Tech | 1.92% | -0.01% | +1.48% | |
| 10 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.65% | +0.03% | -0.44% | |
| 11 | CGDV | Cap Group Dividend Value | ETF-Other | 1.49% | +0.09% | +15.06% | |
| 12 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.40% | -0.02% | -0.44% | |
| 13 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.38% | +0.01% | +0.74% | |
| 14 | RWL | Invesco S&p 500 Revenue ETF | ETF-Large Cap & Growth | 1.35% | -0.09% | +5.30% | |
| 15 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.24% | -0.14% | +0.30% | |
| 16 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 1.20% | -0.06% | +248.84% | |
| 17 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.16% | — | +41.37% | |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.10% | -0.21% | +179.89% | |
| 19 | CLS | Celestica Inc | Stock-Tech | 1.06% | +0.04% | -0.22% | |
| 20 | WMT | Walmart Inc | Stock-Consumer Staples | 1.04% | -0.37% | +1.06% | |
| 21 | AMD | Advanced Micro Devices | Stock-Tech | 1.01% | +0.60% | +6.64% | |
| 22 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 0.95% | -0.07% | +75.31% | |
| 23 | DIVO | Amplify Cwp Enhan Divid ETF | ETF-Other | 0.93% | +0.42% | +123.65% | |
| 24 | COWZ | Pacer US Cash Cows 100 ETF | ETF-Other | 0.93% | -0.32% | -7.10% | |
| 25 | QTOP | Ishares Nsdq Top 30 Stocks | ETF-Other | 0.86% | +0.21% | +28.03% | |
| 26 | IWY | Ishares Russell Top 200 Grow | ETF-Other | 0.84% | -0.06% | -0.74% | |
| 27 | IOO | Ishares Global 100 ETF | ETF-Other | 0.80% | -0.07% | +1.64% | |
| 28 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.79% | +0.06% | +2.33% | |
| 29 | APP | Applovin Corp-class A | Stock-Tech | 0.73% | +0.04% | +1.25% | |
| 30 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.72% | -0.06% | +0.18% | |
| 31 | RDVY | First Trust Rising Dividend | ETF-Other | 0.72% | — | +5.09% | |
| 32 | CGGR | Cap Group Growth Equity | ETF-Other | 0.67% | +0.05% | +25.40% | |
| 33 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.67% | -0.18% | -0.01% | |
| 34 | XLG | Invesco S&p 500 Top 50 ETF | ETF-Large Cap & Growth | 0.65% | -0.10% | -3.48% | |
| 35 | GLW | Corning Inc | Stock-Tech | 0.59% | +0.19% | -0.60% | |
| 36 | XMMO | Invesco S&p Midcap Momentum | ETF-Other | 0.55% | +0.05% | +15.80% | |
| 37 | DGRO | Ishares Core Dividend Growth | ETF-Other | 0.54% | -0.09% | -1.32% | |
| 38 | MOD | Modine Manufacturing Co | Stock-Consumer Disc | 0.52% | — | +1.45% | |
| 39 | CRDO | Credo Technology Group Holding Ltd | Stock-Tech | 0.51% | +0.31% | +10.27% | |
| 40 | STRL | Sterling Infrastructure Inc | Stock-Industrials | 0.51% | +0.21% | +1.34% | |
| 41 | FDVV | Fidelity High Dividend ETF | ETF-Other | 0.51% | -0.03% | +7.11% | |
| 42 | CAT | Caterpillar Inc | Stock-Industrials | 0.50% | +0.09% | +0.18% | |
| 43 | LRCX | Lam Research CORP | Stock-Tech | 0.49% | +0.21% | +5.69% | |
| 44 | XMHQ | Invesco S&p Midcap Qual ETF | ETF-Other | 0.48% | -0.08% | -0.82% | |
| 45 | SHOP | Shopify Inc - Class A | Stock-Tech | 0.48% | -0.21% | -9.61% | |
| 46 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 0.46% | +0.16% | -2.26% | |
| 47 | V | Visa Inc-class A Shares | Stock-Financials | 0.45% | -0.04% | -0.45% | |
| 48 | SPHQ | Invesco S&p 500 Quality ETF | ETF-Large Cap & Growth | 0.41% | +0.03% | +14.76% | |
| 49 | SOXX | Ishares Semiconductor ETF | ETF-Other | 0.41% | +0.15% | +0.33% | |
| 50 | DBEF | Xtrackers Msci Eafe Hedged E | ETF-Other | 0.40% | -0.07% | -3.57% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+1%
Performance Last 4 Quarters
+19.7%
- Stdev
- +13.4%
- Beta
- +1.06
- Alpha
- -0.4%
- Max Drawdown
- -8.2%
- Annualized Perf
- +23.9%
- Batting Avg vs S&P
- +58.3%
- Sortino
- +3.89
- Stutzer
- +0.5
- Treynor
- +0.21
- Sterling
- +1.52
- Calmar
- +2.92
- Information Ratio
- +0.29
- Tracking Error
- +2.9%
- Stdev Down
- +5.8%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +38.1%
- Worst 12 Months
- +5.9%
- Efficiency Ratio
- +0.75
- Sharpe
- +1.67
- Stdev Sectors
- +14.8%
- Skewness
- +0.27
- Kurtosis
- +0.12
- Upside Potential
- +5.43
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 624 | $2.1B | 29 | ||
| 2026 Q1 | 574 | $1.7B | 14 | ||
| 2025 Q4 | 576 | $1.7B | 14 | ||
| 2025 Q3 | 564 | $1.6B | 42 | ||
| 2025 Q2 | 545 | $1.4B | 0 | ||
| 2025 Q1 | 671 | $1.6B | 100 | ||
| 2024 Q4 | 687 | $1.6B | 0 | ||
| 2024 Q3 | 656 | $1.6B | 0 | ||
| 2024 Q2 | 633 | $1.5B | 0 | ||
| 2024 Q1 | 458 | $1.0B | 0 | ||
| 2023 Q4 | 598 | $1.2B | 0 | ||
| 2023 Q3 | 573 | $1.0B | 0 | ||
| 2023 Q2 | 418 | $762.9M | 0 | ||
| 2023 Q1 | 404 | $676.9M | 0 | ||
| 2022 Q4 | 387 | $611.9M | 0 | ||
| 2022 Q3 | 352 | $525.0M | 0 | ||
| 2022 Q2 | 366 | $542.9M | 0 | ||
| 2022 Q1 | 366 | $611.8M | 0 | ||
| 2021 Q4 | 336 | $477.1M | 0 | ||
| 2021 Q3 | 315 | $411.0M | 0 | ||
| 2021 Q2 | 300 | $399.3M | 100 | ||
| 2021 Q1 | 268 | $359.8M | 18 | ||
| 2020 Q4 | 236 | $322.6M | 26 | ||
| 2020 Q3 | 226 | $266.0M | 20 | ||
| 2020 Q2 | 214 | $240.3M | 44 | ||
| 2020 Q1 | 246 | $280.7M | 28 | ||
| 2019 Q4 | 246 | $300.4M | 17 | ||
| 2019 Q3 | 230 | $263.7M | 47 | ||
| 2019 Q2 | 188 | $263.1M | 49 | ||
| 2019 Q1 | 228 | $242.2M | 50 | ||
| 2018 Q4 | 170 | $203.8M | — |
Holding changes this quarter
Thoroughbred Financial Services, LLC's most significant position changes for 2026-06-30: Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: Sunoco LP (SUN); Sold out: Honeywell International Inc (HON); New buy: Ultra Clean Holdings Inc (UCTT).
Showing top 200 changes by size (of 644 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +2.2% | +3.61% | Add |
| 2 | SPMO | Invesco S&p 500 Momentum ETF | +0.8% | +47.79% | Add |
| 3 | AMD | Advanced Micro Devices | +0.6% | +6.64% | Add |
| 4 | DIVO | Amplify Cwp Enhan Divid ETF | +0.4% | +123.65% | Add |
| 5 | ✓ | +0.4% | NEW | New buy | |
| 6 | QQQM | Invesco Nasdaq 100 ETF | +0.3% | +14.83% | Add |
| 7 | CRDO | Credo Technology Group Holding Ltd | +0.3% | +10.27% | Add |
| 8 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | +1.35% | Add |
| 9 | SUN | Sunoco LP | +0.3% | NEW | New buy |
| 10 | QTOP | Ishares Nsdq Top 30 Stocks | +0.2% | +28.03% | Add |
| 11 | STRL | Sterling Infrastructure Inc | +0.2% | +1.34% | Add |
| 12 | LRCX | Lam Research CORP | +0.2% | +5.69% | Add |
| 13 | MRVL | Marvell Technology Inc | +0.2% | +14.72% | Add |
| 14 | DELL | Dell Technologies -c | +0.2% | +5.48% | Add |
| 15 | SNDK | Sandisk CORP | +0.2% | +328.75% | Add |
| 16 | GLW | Corning Inc | +0.2% | -0.60% | Trim |
| 17 | NBIS | Nebius Group N.V. | +0.2% | +3.90% | Add |
| 18 | CRWD | Crowdstrike Holdings Inc - A | +0.2% | -2.26% | Trim |
| 19 | SOXX | Ishares Semiconductor ETF | +0.2% | +0.33% | Add |
| 20 | KLAC | Kla CORP | +0.1% | +896.77% | Add |
| 21 | STX | Seagate Technology Holdings plc | +0.1% | +11.15% | Add |
| 22 | UCTT | Ultra Clean Holdings Inc | +0.1% | NEW | New buy |
| 23 | CGDV | Cap Group Dividend Value | +0.1% | +15.06% | Add |
| 24 | CAT | Caterpillar Inc | +0.1% | +0.18% | Add |
| 25 | MXL | Maxlinear Inc | +0.1% | NEW | New buy |
| 26 | ASML | ASML Holding N.V. | +0.1% | +3.54% | Add |
| 27 | TTMI | Ttm Technologies | +0.1% | +8.46% | Add |
| 28 | ARM | Arm Holdings Plc-adr | +0.1% | +1.25% | Add |
| 29 | LLY | Eli Lilly & Co | +0.1% | +2.33% | Add |
| 30 | CSCO | Cisco Systems Inc | +0.1% | +2.41% | Add |
| 31 | SMH | Vaneck Semiconductor ETF | +0.1% | -0.01% | Trim |
| 32 | PWB | Invesco Large Cap Growth ETF | +0.1% | +49.61% | Add |
| 33 | GRID | First Trst Nasd Cl Edg Sgiif | +0.1% | +97.39% | Add |
| 34 | INTC | Intel CORP | +0.1% | NEW | New buy |
| 35 | HUT | Hut 8 CORP | +0.1% | — | Unchanged |
| 36 | ✓ | +0.1% | NEW | New buy | |
| 37 | ✓ | +0.1% | NEW | New buy | |
| 38 | CGGR | Cap Group Growth Equity | +0.1% | +25.40% | Add |
| 39 | XMMO | Invesco S&p Midcap Momentum | +0.1% | +15.80% | Add |
| 40 | AVNM | Avantis All Intl Mkts Eq ETF | +0.1% | +122.98% | Add |
| 41 | LITE | Lumentum Holdings Inc | +0.1% | +20.12% | Add |
| 42 | XSMO | Invesco S&p Smallcap Momentu | +0.1% | +18.35% | Add |
| 43 | AGX | Argan Inc | +0.1% | +0.55% | Add |
| 44 | WULF | Terawulf Inc | +0.1% | +0.67% | Add |
| 45 | PANW | Palo Alto Networks Inc | +0.1% | +3.86% | Add |
| 46 | VSAT | Viasat Inc | +0.1% | +61.06% | Add |
| 47 | ICHR | Ichor Holdings, Ltd. | +0.1% | NEW | New buy |
| 48 | RXT | Rackspace Technology Inc | +0.1% | NEW | New buy |
| 49 | CLS | Celestica Inc | 0% | -0.22% | Trim |
| 50 | APP | Applovin Corp-class A | 0% | +1.25% | Add |
1–50 of 200
Filing History
FAQ
What is Thoroughbred Financial Services, LLC and what type of investor is it?
Thoroughbred Financial Services, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $2.1B, spread across 624 disclosed positions.
What are Thoroughbred Financial Services, LLC's largest equity positions?
Based on the latest 13F filing, Thoroughbred Financial Services, LLC's top holdings by market value are:
1. Nvidia CORP (NVDA) — $103.1M (5.0%)
2. Apple Inc (AAPL) — $89.4M (4.3%)
3. Micron Technology Inc (MU) — $69.1M (3.3%)
4. Taiwan Semiconductor-sp Adr (TSM) — $46.9M (2.3%)
5. Invesco Nasdaq 100 ETF (QQQM) — $44.0M (2.1%)
What changes did Thoroughbred Financial Services, LLC make in its most recent portfolio filing?
In the latest reported quarter, Thoroughbred Financial Services, LLC made 197 notable position adjustments: 23 new positions were initiated, 117 existing holdings were added to, 52 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: Sunoco LP (SUN); Sold out: Honeywell International Inc (HON); New buy: Ultra Clean Holdings Inc (UCTT)
What sectors does Thoroughbred Financial Services, LLC focus on?
Thoroughbred Financial Services, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 55.1%
• Financials: 8.4%
• Consumer Discretionary: 7.7%
• Industrials: 7.5%
• Communication Services: 7.0%
• Health Care: 6.0%
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Investment Profile
Thoroughbred Financial Services, LLC returned an annualized 23.9% over the trailing 36 months — underperforming the S&P 500 by 0.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.06 (roughly in line with the market) and a 58% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 55.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 29 over the past 4 quarters — a shift toward more active trading.
It has added to its MU position over the past two quarters (+$53.6M, now $69.1M), while trimming SHOP over the same stretch (-$5.6M, still holding $10.0M).
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Developer Access
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