Theory Financial
FORT COLLINS, COfiles as THEORY FINANCIAL LLC
$317m in 99 US stocks at the end of 30 June 2026. The top 10 are 37.5% of the money. It changed about 12.4% of the portfolio this quarter.
Value
$317m
Stocks
99
Top 10 share
37.5%
Turnover
12.4%
What changed this quarter
New
Bought for the first time this quarter.
- Roundhill ETF TrustDRAM1.2% of the fund
- Ishares TREMB1.2% of the fund
- Blackrock ETF TrustIALT0.7% of the fund
- Blackrock ETF Trust IIGGOV0.6% of the fund
- Ishares TRSUSB0.2% of the fund
- Johnson & JohnsonJNJ0.1% of the fund
- Ishares TRSTIP<0.1% of the fund
- Ishares TRIWP<0.1% of the fund
- Schwab Strategic TRFNDX<0.1% of the fund
- Fate TherapeuticsFATE<0.1% of the fund
Added
Bought more of a stock they already held.
- Schwab Strategic TRSCHZ7.2% of the fund+4%
- Select Sector Spdr TRXLC6.7% of the fund+6%
- Spdr Series TrustSPYM3.9% of the fund+67%
- Ishares TRMBB3.4% of the fund+2%
- DBX ETF TRHYLB3.0% of the fund+5%
- Simplify Exchange Traded FUNCTA3.0% of the fund+7%
- Wisdomtree TREZM2.6% of the fund+22%
- IsharesPICK2.3% of the fund+25%
- Ishares TRIUSB2.3% of the fund+79%
- Vanguard Star FDSVXUS2.1% of the fund+12%
- Vanguard World FDVGT2.0% of the fund+10%
- Schwab Strategic TRSCHP2.0% of the fund+18%
- Invesco Exchange Traded FD TXSMO1.9% of the fund+3%
- Invesco Exchange Traded FD TRZV1.9% of the fund+5%
- Spdr Gold TRGLD1.9% of the fund+7%
- Invesco Exch Traded FD TR IIQQQM1.9% of the fund+14%
- Vanguard Index FDSVBR1.8% of the fund+7%
- Select Sector Spdr TRXLK1.8% of the fund+7%
- Invesco Actvely Mngd ETC FDPDBC1.8% of the fund+24%
- Ishares TRACWX1.2% of the fund+30%
- Ishares TRGOVT1.1% of the fund+10%
- Vanguard Index FDSVTV1.0% of the fund+3%
- Vaneck ETF TrustNLR1.0% of the fund+26%
- Spdr Index SHS FDSSPEM0.8% of the fund+8%
- Vanguard MUN BD FDSVTEB0.8% of the fund+3%
Cut
Sold some of their stake.
- ETF Opportunities TrustFCTE2.6% of the fund-8%
- Ishares TRSOXX2.5% of the fund-8%
- Tidal Trust IGRNY2.5% of the fund-11%
- Invesco Exchange Traded FD TPTF2.1% of the fund-2%
- Vanguard World FDVFH1.9% of the fund-2%
- Blackrock ETF TrustDYNF1.9% of the fund-2%
- Ishares TRIVW1.8% of the fund-3%
- Select Sector Spdr TRXLV1.5% of the fund-32%
- Ishares TRIVE1.5% of the fund-18%
- Blackrock ETF TrustBAI0.9% of the fund-25%
- Bondbloxx ETF TrustXTEN0.8% of the fund-38%
- Invesco Exch Traded FD TR IISPMO0.7% of the fund-27%
- Blackrock ETF TrustTHRO0.6% of the fund-31%
- American Centy ETF TRAVEM0.5% of the fund-45%
- Ishares TRSUSC0.3% of the fund-13%
- Ishares TRQUAL0.3% of the fund-75%
- Ishares TRDSI0.2% of the fund-7%
- Blackrock ETF Trust IIBINC0.2% of the fund-67%
- Ishares TRUSXF0.2% of the fund-7%
- Alnylam PharmaceuticalsALNY0.2% of the fund-37%
- Ishares TREFV0.1% of the fund-83%
- IsharesESGE0.1% of the fund-13%
- MicrosoftMSFT<0.1% of the fund-25%
Sold out
Sold their entire stake.
- Select Sector Spdr TRXLP-100%
- Ishares TRIAGG-100%
- Wisdomtree TREPI-100%
- Vanguard Scottsdale FDSVGIT-100%
- ExxonMobil HoldingsXOM-100%
Holdings
- Schwab Strategic TRSCHZ
- Share
- 7.2%
- Value
- $23m
- Shares
- 988,119
+4%
- Select Sector Spdr TRXLC
- Share
- 6.7%
- Value
- $21m
- Shares
- 197,004
+6%
- Spdr Series TrustSPYM
- Share
- 3.9%
- Value
- $12m
- Shares
- 139,379
+67%
- Ishares TRMBB
- Share
- 3.4%
- Value
- $11m
- Shares
- 114,412
+2%
- DBX ETF TRHYLB
- Share
- 3.0%
- Value
- $9m
- Shares
- 257,512
+5%
- Simplify Exchange Traded FUNCTA
- Share
- 3.0%
- Value
- $9m
- Shares
- 361,176
+7%
- Ishares TRIGIB
- Share
- 2.8%
- Value
- $9m
- Shares
- 166,224
Held
- Wisdomtree TREZM
- Share
- 2.6%
- Value
- $8m
- Shares
- 109,393
+22%
- ETF Opportunities TrustFCTE
- Share
- 2.6%
- Value
- $8m
- Shares
- 281,444
-8%
- Ishares TRSOXX
- Share
- 2.5%
- Value
- $8m
- Shares
- 12,271
-8%
- Tidal Trust IGRNY
- Share
- 2.5%
- Value
- $8m
- Shares
- 283,636
-11%
- IsharesPICK
- Share
- 2.3%
- Value
- $7m
- Shares
- 127,586
+25%
- Ishares TRIUSB
- Share
- 2.3%
- Value
- $7m
- Shares
- 159,643
+79%
- Invesco Exchange Traded FD TPTF
- Share
- 2.1%
- Value
- $7m
- Shares
- 49,392
-2%
- Vanguard Star FDSVXUS
- Share
- 2.1%
- Value
- $7m
- Shares
- 78,191
+12%
- Vanguard World FDVGT
- Share
- 2.0%
- Value
- $6m
- Shares
- 53,392
+10%
- Schwab Strategic TRSCHP
- Share
- 2.0%
- Value
- $6m
- Shares
- 235,393
+18%
- Vanguard World FDVFH
- Share
- 1.9%
- Value
- $6m
- Shares
- 46,809
-2%
- Invesco Exchange Traded FD TXSMO
- Share
- 1.9%
- Value
- $6m
- Shares
- 63,567
+3%
- Invesco Exchange Traded FD TRZV
- Share
- 1.9%
- Value
- $6m
- Shares
- 39,779
+5%
- Spdr Gold TRGLD
- Share
- 1.9%
- Value
- $6m
- Shares
- 16,041
+7%
- Invesco Exch Traded FD TR IIQQQM
- Share
- 1.9%
- Value
- $6m
- Shares
- 19,452
+14%
- Blackrock ETF TrustDYNF
- Share
- 1.9%
- Value
- $6m
- Shares
- 86,369
-2%
- Vanguard Index FDSVBR
- Share
- 1.8%
- Value
- $6m
- Shares
- 23,942
+7%
- Select Sector Spdr TRXLK
- Share
- 1.8%
- Value
- $6m
- Shares
- 30,217
+7%
- Ishares TRIVW
- Share
- 1.8%
- Value
- $6m
- Shares
- 41,296
-3%
- Invesco Actvely Mngd ETC FDPDBC
- Share
- 1.8%
- Value
- $6m
- Shares
- 352,441
+24%
- Select Sector Spdr TRXLV
- Share
- 1.5%
- Value
- $5m
- Shares
- 30,610
-32%
- Ishares TRIVE
- Share
- 1.5%
- Value
- $5m
- Shares
- 21,138
-18%
- Roundhill ETF TrustDRAM
- Share
- 1.2%
- Value
- $4m
- Shares
- 51,118
New
- Ishares TRACWX
- Share
- 1.2%
- Value
- $4m
- Shares
- 48,483
+30%
- Ishares TREMB
- Share
- 1.2%
- Value
- $4m
- Shares
- 37,995
New
- Ishares TRGOVT
- Share
- 1.1%
- Value
- $4m
- Shares
- 159,136
+10%
- Blackrock ETF TrustCORO
- Share
- 1.0%
- Value
- $3m
- Shares
- 90,283
Held
- Vanguard Index FDSVTV
- Share
- 1.0%
- Value
- $3m
- Shares
- 14,542
+3%
- Vaneck ETF TrustNLR
- Share
- 1.0%
- Value
- $3m
- Shares
- 26,873
+26%
- Blackrock ETF TrustBAI
- Share
- 0.9%
- Value
- $3m
- Shares
- 51,700
-25%
- Spdr Index SHS FDSSPEM
- Share
- 0.8%
- Value
- $3m
- Shares
- 50,696
+8%
- Vanguard MUN BD FDSVTEB
- Share
- 0.8%
- Value
- $3m
- Shares
- 51,756
+3%
- Bondbloxx ETF TrustXTEN
- Share
- 0.8%
- Value
- $3m
- Shares
- 55,634
-38%
- Ishares TRMUB
- Share
- 0.8%
- Value
- $2m
- Shares
- 23,102
Held
- Blackrock ETF TrustBLCR
- Share
- 0.7%
- Value
- $2m
- Shares
- 46,213
+5%
- Blackrock ETF TrustIALT
- Share
- 0.7%
- Value
- $2m
- Shares
- 80,322
New
- Invesco Exch Traded FD TR IISPMO
- Share
- 0.7%
- Value
- $2m
- Shares
- 13,395
-27%
- Ishares TRIVV
- Share
- 0.7%
- Value
- $2m
- Shares
- 2,869
+3%
- Blackrock ETF Trust IIGGOV
- Share
- 0.6%
- Value
- $2m
- Shares
- 39,852
New
- Ishares TRLMUB
- Share
- 0.6%
- Value
- $2m
- Shares
- 38,963
+3%
- Blackrock ETF TrustTHRO
- Share
- 0.6%
- Value
- $2m
- Shares
- 43,363
-31%
- Global X FDSSHLD
- Share
- 0.5%
- Value
- $1m
- Shares
- 24,468
+24%
- American Centy ETF TRAVEM
- Share
- 0.5%
- Value
- $1m
- Shares
- 14,911
-45%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.4%
- Value
- $1m
- Shares
- 1,806
Held
- Ishares TRIWF
- Share
- 0.4%
- Value
- $1m
- Shares
- 10,524
+2%
- Grayscale Bitcoin Mini TR ETBTC
- Share
- 0.4%
- Value
- $1m
- Shares
- 48,919
Held
- Ishares TREAGG
- Share
- 0.3%
- Value
- $1m
- Shares
- 23,298
+2%
- Blackrock ETF TrustLCTU
- Share
- 0.3%
- Value
- $1m
- Shares
- 13,720
+5%
- Ishares TROEF
- Share
- 0.3%
- Value
- $987,849
- Shares
- 2,700
Held
- Ishares TRSUSC
- Share
- 0.3%
- Value
- $957,797
- Shares
- 41,371
-13%
- IsharesIEMG
- Share
- 0.3%
- Value
- $903,619
- Shares
- 10,908
Held
- Ishares TRESGU
- Share
- 0.3%
- Value
- $901,003
- Shares
- 5,505
+10%
- Ishares TRQUAL
- Share
- 0.3%
- Value
- $819,571
- Shares
- 3,735
-75%
- Ishares TRDSI
- Share
- 0.2%
- Value
- $686,747
- Shares
- 4,823
-7%
- World Gold TRGLDM
- Share
- 0.2%
- Value
- $672,687
- Shares
- 8,470
+23%
- Blackrock ETF Trust IIBINC
- Share
- 0.2%
- Value
- $627,243
- Shares
- 11,984
-67%
- Schwab Strategic TRSCHV
- Share
- 0.2%
- Value
- $543,663
- Shares
- 15,618
Held
- Ishares TRSUSB
- Share
- 0.2%
- Value
- $537,160
- Shares
- 21,495
New
- Ishares TREUSB
- Share
- 0.2%
- Value
- $530,959
- Shares
- 12,220
+3%
- Ishares TRUSXF
- Share
- 0.2%
- Value
- $530,737
- Shares
- 7,642
-7%
- Vanguard Index FDSVUG
- Share
- 0.2%
- Value
- $483,504
- Shares
- 5,613
Held
- Ishares TRIEFA
- Share
- 0.2%
- Value
- $476,622
- Shares
- 4,935
+7%
- Ishares TREFG
- Share
- 0.1%
- Value
- $440,571
- Shares
- 3,541
Held
- Spdr Series TrustSPTS
- Share
- 0.1%
- Value
- $436,223
- Shares
- 15,037
Held
- Ishares TREFV
- Share
- 0.1%
- Value
- $418,958
- Shares
- 5,473
-83%
- Ishares TRSYSB
- Share
- 0.1%
- Value
- $401,619
- Shares
- 4,527
+8%
- IsharesESGE
- Share
- 0.1%
- Value
- $392,674
- Shares
- 7,180
-13%
- Ishares TRIWS
- Share
- 0.1%
- Value
- $377,428
- Shares
- 2,293
Held
- Ishares TRIYW
- Share
- 0.1%
- Value
- $331,935
- Shares
- 1,316
Held
- Ishares TREVUS
- Share
- 0.1%
- Value
- $330,315
- Shares
- 9,408
+6%
- Ishares TRIVLU
- Share
- 0.1%
- Value
- $324,607
- Shares
- 7,762
Held
- Vanguard Tax-Managed FDSVEA
- Share
- <0.1%
- Value
- $280,511
- Shares
- 3,937
Held
- Ishares TRDMXF
- Share
- <0.1%
- Value
- $279,603
- Shares
- 3,305
+10%
- Vanguard Index FDSVOE
- Share
- <0.1%
- Value
- $277,826
- Shares
- 1,406
Held
- Invesco QQQ TRQQQ
- Share
- <0.1%
- Value
- $262,158
- Shares
- 356
Held
- Ishares TRSTIP
- Share
- <0.1%
- Value
- $250,496
- Shares
- 2,452
New
- Ishares TRIWP
- Share
- <0.1%
- Value
- $214,344
- Shares
- 1,464
New
- Schwab Strategic TRFNDX
- Share
- <0.1%
- Value
- $207,033
- Shares
- 6,657
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Schwab Strategic TRSCHZ | 7.2% | $23m | 988,119 | +4% |
| Select Sector Spdr TRXLC | 6.7% | $21m | 197,004 | +6% |
| Spdr Series TrustSPYM | 3.9% | $12m | 139,379 | +67% |
| Ishares TRMBB | 3.4% | $11m | 114,412 | +2% |
| DBX ETF TRHYLB | 3.0% | $9m | 257,512 | +5% |
| Simplify Exchange Traded FUNCTA | 3.0% | $9m | 361,176 | +7% |
| Ishares TRIGIB | 2.8% | $9m | 166,224 | Held |
| Wisdomtree TREZM | 2.6% | $8m | 109,393 | +22% |
| ETF Opportunities TrustFCTE | 2.6% | $8m | 281,444 | -8% |
| Ishares TRSOXX | 2.5% | $8m | 12,271 | -8% |
| Tidal Trust IGRNY | 2.5% | $8m | 283,636 | -11% |
| IsharesPICK | 2.3% | $7m | 127,586 | +25% |
| Ishares TRIUSB | 2.3% | $7m | 159,643 | +79% |
| Invesco Exchange Traded FD TPTF | 2.1% | $7m | 49,392 | -2% |
| Vanguard Star FDSVXUS | 2.1% | $7m | 78,191 | +12% |
| Vanguard World FDVGT | 2.0% | $6m | 53,392 | +10% |
| Schwab Strategic TRSCHP | 2.0% | $6m | 235,393 | +18% |
| Vanguard World FDVFH | 1.9% | $6m | 46,809 | -2% |
| Invesco Exchange Traded FD TXSMO | 1.9% | $6m | 63,567 | +3% |
| Invesco Exchange Traded FD TRZV | 1.9% | $6m | 39,779 | +5% |
| Spdr Gold TRGLD | 1.9% | $6m | 16,041 | +7% |
| Invesco Exch Traded FD TR IIQQQM | 1.9% | $6m | 19,452 | +14% |
| Blackrock ETF TrustDYNF | 1.9% | $6m | 86,369 | -2% |
| Vanguard Index FDSVBR | 1.8% | $6m | 23,942 | +7% |
| Select Sector Spdr TRXLK | 1.8% | $6m | 30,217 | +7% |
| Ishares TRIVW | 1.8% | $6m | 41,296 | -3% |
| Invesco Actvely Mngd ETC FDPDBC | 1.8% | $6m | 352,441 | +24% |
| Select Sector Spdr TRXLV | 1.5% | $5m | 30,610 | -32% |
| Ishares TRIVE | 1.5% | $5m | 21,138 | -18% |
| Roundhill ETF TrustDRAM | 1.2% | $4m | 51,118 | New |
| Ishares TRACWX | 1.2% | $4m | 48,483 | +30% |
| Ishares TREMB | 1.2% | $4m | 37,995 | New |
| Ishares TRGOVT | 1.1% | $4m | 159,136 | +10% |
| Blackrock ETF TrustCORO | 1.0% | $3m | 90,283 | Held |
| Vanguard Index FDSVTV | 1.0% | $3m | 14,542 | +3% |
| Vaneck ETF TrustNLR | 1.0% | $3m | 26,873 | +26% |
| Blackrock ETF TrustBAI | 0.9% | $3m | 51,700 | -25% |
| Spdr Index SHS FDSSPEM | 0.8% | $3m | 50,696 | +8% |
| Vanguard MUN BD FDSVTEB | 0.8% | $3m | 51,756 | +3% |
| Bondbloxx ETF TrustXTEN | 0.8% | $3m | 55,634 | -38% |
| Ishares TRMUB | 0.8% | $2m | 23,102 | Held |
| Blackrock ETF TrustBLCR | 0.7% | $2m | 46,213 | +5% |
| Blackrock ETF TrustIALT | 0.7% | $2m | 80,322 | New |
| Invesco Exch Traded FD TR IISPMO | 0.7% | $2m | 13,395 | -27% |
| Ishares TRIVV | 0.7% | $2m | 2,869 | +3% |
| Blackrock ETF Trust IIGGOV | 0.6% | $2m | 39,852 | New |
| Ishares TRLMUB | 0.6% | $2m | 38,963 | +3% |
| Blackrock ETF TrustTHRO | 0.6% | $2m | 43,363 | -31% |
| Global X FDSSHLD | 0.5% | $1m | 24,468 | +24% |
| American Centy ETF TRAVEM | 0.5% | $1m | 14,911 | -45% |
| State STR Spdr S&P 500 ETF TSPY | 0.4% | $1m | 1,806 | Held |
| Ishares TRIWF | 0.4% | $1m | 10,524 | +2% |
| Grayscale Bitcoin Mini TR ETBTC | 0.4% | $1m | 48,919 | Held |
| Ishares TREAGG | 0.3% | $1m | 23,298 | +2% |
| Blackrock ETF TrustLCTU | 0.3% | $1m | 13,720 | +5% |
| Ishares TROEF | 0.3% | $987,849 | 2,700 | Held |
| Ishares TRSUSC | 0.3% | $957,797 | 41,371 | -13% |
| IsharesIEMG | 0.3% | $903,619 | 10,908 | Held |
| Ishares TRESGU | 0.3% | $901,003 | 5,505 | +10% |
| Ishares TRQUAL | 0.3% | $819,571 | 3,735 | -75% |
| AlphabetGOOGL | 0.2% | $721,887 | 2,020 | Held |
| Ishares TRDSI | 0.2% | $686,747 | 4,823 | -7% |
| World Gold TRGLDM | 0.2% | $672,687 | 8,470 | +23% |
| Blackrock ETF Trust IIBINC | 0.2% | $627,243 | 11,984 | -67% |
| Berkshire HathawayBRK-B | 0.2% | $604,471 | 1,208 | Held |
| AppleAAPL | 0.2% | $563,673 | 1,948 | Held |
| Schwab Strategic TRSCHV | 0.2% | $543,663 | 15,618 | Held |
| Ishares TRSUSB | 0.2% | $537,160 | 21,495 | New |
| Ishares TREUSB | 0.2% | $530,959 | 12,220 | +3% |
| Ishares TRUSXF | 0.2% | $530,737 | 7,642 | -7% |
| Amazon.comAMZN | 0.2% | $528,638 | 2,218 | Held |
| Alnylam PharmaceuticalsALNY | 0.2% | $517,471 | 1,719 | -37% |
| Vanguard Index FDSVUG | 0.2% | $483,504 | 5,613 | Held |
| Ishares TRIEFA | 0.2% | $476,622 | 4,935 | +7% |
| Ishares TREFG | 0.1% | $440,571 | 3,541 | Held |
| Spdr Series TrustSPTS | 0.1% | $436,223 | 15,037 | Held |
| Eli LillyLLY | 0.1% | $424,598 | 354 | +9% |
| Ishares TREFV | 0.1% | $418,958 | 5,473 | -83% |
| Ishares TRSYSB | 0.1% | $401,619 | 4,527 | +8% |
| IsharesESGE | 0.1% | $392,674 | 7,180 | -13% |
| Ishares TRIWS | 0.1% | $377,428 | 2,293 | Held |
| Ishares TRIYW | 0.1% | $331,935 | 1,316 | Held |
| Johnson & JohnsonJNJ | 0.1% | $331,177 | 1,304 | New |
| Ishares TREVUS | 0.1% | $330,315 | 9,408 | +6% |
| Ishares TRIVLU | 0.1% | $324,607 | 7,762 | Held |
| JPMorgan ChaseJPM | <0.1% | $307,363 | 939 | Held |
| BroadcomAVGO | <0.1% | $305,600 | 809 | Held |
| ChevronCVX | <0.1% | $303,009 | 1,828 | Held |
| NvidiaNVDA | <0.1% | $286,529 | 1,432 | +3% |
| Vanguard Tax-Managed FDSVEA | <0.1% | $280,511 | 3,937 | Held |
| Ishares TRDMXF | <0.1% | $279,603 | 3,305 | +10% |
| Vanguard Index FDSVOE | <0.1% | $277,826 | 1,406 | Held |
| Invesco QQQ TRQQQ | <0.1% | $262,158 | 356 | Held |
| Ishares TRSTIP | <0.1% | $250,496 | 2,452 | New |
| AbbVieABBV | <0.1% | $237,548 | 944 | Held |
| MicrosoftMSFT | <0.1% | $217,523 | 583 | -25% |
| Ishares TRIWP | <0.1% | $214,344 | 1,464 | New |
| Schwab Strategic TRFNDX | <0.1% | $207,033 | 6,657 | New |
| Fate TherapeuticsFATE | <0.1% | $59,999 | 22,222 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 20.4% since 30 June 2025.
Where the money is
Health care0.5%
Technology0.4%
Financial services0.3%
Media & telecom0.2%
Retail & consumer0.2%
Energy0.1%
Other98.3%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.