TF
Trustcore Financial Services, LLC Historical SEC 13F Holdings & Archive (Q4 2022)
Trustcore Financial Services, LLCCIK: 0001730322
Diversified strategyLong-term holder
Total reported value
$1.1B
Reporting period: 2022-12-31 · Number of holdings: 1042
TRUSTCORE FINANCIAL SERVICES, LLC disclosed 1042 holdings in its latest 13F filing for the period ending 2022-12-31, with total reported value of $1.1B and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 18.54
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 62.55
- Diversification
- 100
- Sizing Uniformity
- 31.36
Trustcore Financial Services, LLC's disclosed holdings carry a Herfindahl concentration index of 0.046 — mathematically equivalent to about 22 equally-sized positions, well below its 1042 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 6.86), 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 12% 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.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 1042 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 15.81% | — | -2.00% | |
| 2 | HCA | Hca Healthcare Inc | Stock-Healthcare | 6.49% | — | +1.18% | |
| 3 | EFA | Ishares Msci Eafe ETF | ETF-Other | 5.87% | — | -3.88% | |
| 4 | NEAR | Ishares Sh Dba ETF Usd Inc | ETF-Other | 5.74% | — | -5.25% | |
| 5 | VTV | Vanguard Value ETF | ETF-Other | 4.37% | — | +0.59% | |
| 6 | VO | Vanguard Mid-cap ETF | ETF-Other | 3.45% | — | -2.48% | |
| 7 | VB | Vanguard Small-cap ETF | ETF-Other | 3.16% | — | -4.32% | |
| 8 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 2.97% | — | +7.52% | |
| 9 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 2.82% | — | -9.71% | |
| 10 | VUG | Vanguard Growth ETF | ETF-Other | 2.81% | — | -2.89% | |
| 11 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-Other | 2.80% | — | -2.62% | |
| 12 | AAPL | Apple Inc | Stock-Tech | 2.58% | — | -0.70% | |
| 13 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 2.07% | — | -1.49% | |
| 14 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 1.71% | — | -4.25% | |
| 15 | SCHO | Schwab Short-term US Treas | ETF-Other | 1.68% | — | -6.64% | |
| 16 | BOCT | Innovator U.s. Equity Buffer | ETF-Other | 1.67% | — | +738.66% | |
| 17 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 1.31% | — | +36.61% | |
| 18 | MSFT | Microsoft CORP | Stock-Tech | 1.24% | — | -2.58% | |
| 19 | ACWI | Ishares Msci Acwi ETF | ETF-Other | 0.77% | — | +269.15% | |
| 20 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.67% | — | -10.12% | |
| 21 | PWV | Invesco Large Cap Value ETF | ETF-Large Cap & Growth | 0.65% | — | -3.46% | |
| 22 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.57% | — | -0.29% | |
| 23 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.56% | — | -26.22% | |
| 24 | SDY | Ss Spdr S&p Dividend ETF | ETF-Other | 0.53% | — | -2.04% | |
| 25 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.53% | — | -0.08% | |
| 26 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.50% | — | +1.58% | |
| 27 | PNW | Pinnacle West Capital Corporation | Stock-Utilities | 0.49% | — | -1.75% | |
| 28 | PWB | Invesco Large Cap Growth ETF | ETF-Large Cap & Growth | 0.48% | — | -6.12% | |
| 29 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.47% | — | +4.07% | |
| 30 | SCHB | Schwab US Broad Market ETF | ETF-Other | 0.42% | — | +950.29% | |
| 31 | PNOV | Innovator U.s. Equity Power | ETF-Other | 0.42% | — | +3111.59% | |
| 32 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.40% | — | +0.81% | |
| 33 | EFG | Ishares Msci Eafe Growth ETF | ETF-Other | 0.39% | — | +330.50% | |
| 34 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.38% | — | -3.93% | |
| 35 | CORT | Corcept Therapeutics Inc | Stock-Healthcare | 0.37% | — | — | |
| 36 | AER | AerCap Holdings N.V. | Stock-Industrials | 0.35% | — | — | |
| 37 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.34% | — | -0.72% | |
| 38 | CSTL | Castle Biosciences Inc | Stock-Other | 0.34% | — | +0.09% | |
| 39 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 0.32% | — | +59.46% | |
| 40 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.30% | — | -0.16% | |
| 41 | CAT | Caterpillar Inc | Stock-Industrials | 0.29% | — | -0.35% | |
| 42 | ACWV | Ishares Msci Global Min Vol | ETF-Other | 0.29% | — | -4.15% | |
| 43 | SCHM | Schwab US Mid Cap ETF | ETF-Other | 0.29% | — | -2.12% | |
| 44 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.27% | — | +107.89% | |
| 45 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.27% | — | -1.28% | |
| 46 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.27% | — | +304.47% | |
| 47 | MGC | Vanguard Mega Cap ETF | ETF-Other | 0.27% | — | -3.12% | |
| 48 | USMV | Ishares Msci USA Min Vol Fac | ETF-Other | 0.26% | — | -12.92% | |
| 49 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 0.25% | — | +421.35% | |
| 50 | V | Visa Inc-class A Shares | Stock-Financials | 0.22% | — | +0.18% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+4%
Performance Last 4 Quarters
+18.9%
- Stdev
- +10.7%
- Beta
- +0.76
- Alpha
- +1.8%
- Max Drawdown
- -5.3%
- Annualized Perf
- +17.9%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +3.11
- Stutzer
- +0.46
- Treynor
- +0.22
- Sterling
- +1.25
- Calmar
- +3.36
- Information Ratio
- -0.56
- Tracking Error
- +5.1%
- Stdev Down
- +5.5%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +31.5%
- Worst 12 Months
- +8.4%
- Efficiency Ratio
- +0.61
- Sharpe
- +1.6
- Stdev Sectors
- +10.4%
- Skewness
- -0.32
- Kurtosis
- -0.3
- Upside Potential
- +4.73
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2022 Q4 | 1042 | $1.1B | 0 | ||
| 2022 Q3 | 1110 | $1.1B | 0 | ||
| 2022 Q2 | 1072 | $1.1B | 0 | ||
| 2022 Q1 | 1067 | $1.2B | 0 | ||
| 2021 Q4 | 974 | $885.4M | 0 | ||
| 2021 Q3 | 1048 | $1.0B | 0 | ||
| 2021 Q2 | 1083 | $951.3M | 95 | ||
| 2021 Q1 | 934 | $863.1M | 20 | ||
| 2020 Q4 | 923 | $783.4M | 27 | ||
| 2020 Q3 | 872 | $658.3M | 38 | ||
| 2020 Q2 | 904 | $578.3M | 40 | ||
| 2020 Q1 | 923 | $443.9M | 28 | ||
| 2019 Q4 | 920 | $528.5M | 16 | ||
| 2019 Q3 | 975 | $466.5M | 13 | ||
| 2019 Q2 | 929 | $446.9M | 26 | ||
| 2019 Q1 | 857 | $361.7M | 69 | ||
| 2018 Q4 | 482 | $180.4M | 68 | ||
| 2018 Q3 | 875 | $319.4M | 17 | ||
| 2018 Q2 | 1016 | $282.3M | 35 | ||
| 2018 Q1 | 735 | $263.7M | 11 | ||
| 2017 Q4 | 712 | $255.8M | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Trustcore Financial Services, LLC and what type of investor is it?
Trustcore 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 (2022-12-31), the firm manages a tracked equity portfolio valued at approximately $1.1B, spread across 1042 disclosed positions.
What are Trustcore Financial Services, LLC's largest equity positions?
Based on the latest 13F filing, Trustcore Financial Services, LLC's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $179.9M (15.8%)
2. Hca Healthcare Inc (HCA) — $73.8M (6.5%)
3. Ishares Msci Eafe ETF (EFA) — $66.8M (5.9%)
4. Ishares Sh Dba ETF Usd Inc (NEAR) — $65.3M (5.7%)
5. Vanguard Value ETF (VTV) — $49.8M (4.4%)
What changes did Trustcore Financial Services, LLC make in its most recent portfolio filing?
No notable portfolio changes were recorded for Trustcore Financial Services, LLC in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Trustcore Financial Services, LLC focus on?
Trustcore Financial Services, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 37.3%
• Health Care: 15.0%
• Financials: 14.9%
• Consumer Staples: 9.6%
• Consumer Discretionary: 8.9%
• Communication Services: 6.7%
Investment Profile
Trustcore Financial Services, LLC returned an annualized 17.9% over the trailing 36 months — outperforming the S&P 500 by 1.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.76 (less volatile than the market) and a 36% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 37.3% of the portfolio concentrated in Information Technology.
It has added to its QQQ position over the past two quarters (+$33.2M, now $33.8M), while trimming SCHO over the same stretch (-$24.7M, still holding $19.1M).
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