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Livermore
Livermore
ZHEN

Thoroughbred Financial Services, LLC

SEC CIK
0001091370
Latest filing
Aug 11, 2026

The latest 13F from Thoroughbred Financial Services, LLC covers Q2 2026 (filed Aug 11, 2026): 624 long positions worth $2.08B. The top 10 holdings make up 26.4% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 4.9%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
69
Est. +$43.4M
Added
285
Est. +$151.3M
Reduced
195
Est. −$41.9M
Sold out
19
Est. −$18.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    4.9%$103.1MHistory
  2. AAPLApple Inc.
    4.3%$89.4MHistory
  3. MUMicron Technology Inc
    3.3%$69.1MHistory
  4. TSMTaiwan Semiconductor Manufacturing Co Ltd
    2.2%$46.9MHistory
  5. Invesco Nasdaq 100 ETF46138G649
    2.1%$44.0M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard S&P 500 ETF922908363
    +$17.9MAdded
  2. BRK.BBerkshire Hathaway Inc
    +$14.8MAddedHistory
  3. Invesco Exch Traded FD Tr II46138E339
    +$13.1MAdded
  4. Amplify ETF Tr032108409
    +$10.7MAdded
  5. iShares Tr464287150
    +$8.52MAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. MUMicron Technology Inc
    +2.15 pp1.2% → 3.3%History
  2. Invesco Exch Traded FD Tr II46138E339
    +0.81 pp1.1% → 1.9%
  3. AMDAdvanced Micro Devices Inc
    +0.60 pp0.4% → 1.0%History
  4. Amplify ETF Tr032108409
    +0.42 pp0.5% → 0.9%
  5. XOMExxonMobil Holdings Corp
    +0.40 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. J P Morgan Exchange Traded F46641Q332
    −$10.9MReduced
  2. XOMExxonMobil Holdings Corp
    −$9.76MSold outHistory
  3. HONHoneywell International Inc
    −$2.71MSold outHistory
  4. PLTRPalantir Technologies Inc.
    −$1.61MReducedHistory
  5. Pacer US Cash Cows 100 ETF69374H881
    −$1.47MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. J P Morgan Exchange Traded F46641Q332
    −0.73 pp1.0% → 0.3%
  2. XOMExxonMobil Holdings Corp
    −0.58 pp0.6% → 0.0%History
  3. Pacer US Cash Cows 100 ETF69374H881
    −0.32 pp1.2% → 0.9%
  4. SHOPShopify Inc.
    −0.21 pp0.7% → 0.5%History
  5. METAMeta Platforms, Inc.
    −0.18 pp0.8% → 0.7%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.08B
+$409.3M (+24.4%) vs. prior quarter
Positions
624
+50 vs. prior quarter
Top 10 concentration
26.4%
Top 10 as share of value
Turnover
3.2%
Q2 2026, one quarter
Average holding period
17.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.08B (Q2 2026)

Q1 2021: $359.8MQ2 2021: $399.3MQ3 2021: $411.0MQ4 2021: $477.1MQ1 2022: $611.8MQ2 2022: $542.9MQ3 2022: $525.0MQ4 2022: $611.9MQ1 2023: $676.9MQ2 2023: $762.9MQ3 2023: $1.02BQ4 2023: $1.24BQ1 2024: $1.04BQ2 2024: $1.49BQ3 2024: $1.55BQ4 2024: $1.64BQ1 2025: $1.60BQ2 2025: $1.43BQ3 2025: $1.62BQ4 2025: $1.69BQ1 2026: $1.67BQ2 2026: $2.08B
Q1 2021Q2 2026
13F filings of Thoroughbred Financial Services, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 2026624$2.08BNVDAAAPLMUvs. Q1 2026SEC
Q1 2026May 12, 2026574$1.67BNVDAAAPLMSFTvs. Q4 2025SEC
Q4 2025Feb 10, 2026576$1.69BNVDAAAPLMSFTvs. Q3 2025SEC
Q3 2025Nov 10, 2025564$1.62BNVDAAAPLMSFTvs. Q2 2025SEC
Q2 2025Aug 8, 2025545$1.43BNVDAAAPLMSFTvs. Q1 2025SEC
Q1 2025May 9, 2025671$1.60BAAPLNVDAMSFTvs. Q4 2024SEC
Q4 2024Feb 12, 2025687$1.64BNVDAAAPLMSFTvs. Q3 2024SEC
Q3 2024Nov 8, 2024656$1.55BNVDAAAPLMSFTvs. Q2 2024SEC
Q2 2024Aug 8, 2024633$1.49BNVDAAAPLMSFTvs. Q1 2024SEC
Q1 2024May 7, 2024458$1.04BNVDAAAPLMSFTvs. Q4 2023SEC
Q4 2023Feb 9, 2024598$1.24BAAPLMSFTNVDAvs. Q3 2023SEC
Q3 2023Nov 8, 2023573$1.02BAAPLMSFTAMZNvs. Q2 2023SEC
Q2 2023Aug 3, 2023418$762.9MAAPLMSFTAMZNvs. Q1 2023SEC
Q1 2023Apr 24, 2023404$676.9MAAPLMSFTInvesco QQQ Trust Series Ivs. Q4 2022SEC
Q4 2022Feb 7, 2023387$611.9MAAPLMSFTInvesco QQQ Trust Series Ivs. Q3 2022SEC
Q3 2022Oct 27, 2022352$525.0MAAPLMSFTInvesco QQQ Trust Series Ivs. Q2 2022SEC
Q2 2022Aug 3, 2022365$542.9MAAPLMSFTInvesco QQQ Trust Series Ivs. Q1 2022SEC
Q1 2022May 4, 2022366$611.8MAAPLMSFTAMZNvs. Q4 2021SEC
Q4 2021Feb 9, 2022336$477.1MAAPLMSFTInvesco QQQ Trust Series Ivs. Q3 2021SEC
Q3 2021Oct 27, 2021315$411.0MAAPLInvesco QQQ Trust Series IMSFTvs. Q2 2021SEC
Q2 2021Jul 27, 2021300$399.3MAAPLInvesco QQQ Trust Series IMSFTvs. Q1 2021SEC
Q1 2021Apr 30, 2021268$359.8MAAPLInvesco QQQ Trust Series IJanus Detroit STR Tr–SEC