THEORY FINANCIAL LLC
Sector Allocation
- Other84.8%$269.0M
- Financials13.8%$43.8M
- Technology0.7%$2.1M
- Healthcare0.5%$1.6M
- Consumer Discretionary0.2%$528,638
- Energy0.1%$303,009
AUM History
13fpro.ai/research/fund/theory-financial-llc-1899158
Conviction and streaks
Diversifying · top 10 = 37.5%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
- SCHWAB$22.9M
- SELECT$21.1M
- SPDR$12.2M
- ISHARES$10.8M
- DBX$9.4M
- SIMPLIFY$9.4M
- ISHARES$8.8M
WT
$8.3M- ETF$8.2M
- ISHARES$7.9M
- TIDAL$7.8M
- ISHARES$7.4M
- ISHARES$7.4M
IVZ
$6.7M- VANGUARD$6.7M
- VANGUARD$6.4M
- SCHWAB$6.2M
- VANGUARD$6.2M
- $6.0M
- INVESCO$5.9M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/theory-financial-llc-1899158
THEORY FINANCIAL LLC 13F holdings — Q2 2026
$317.3M portfolio (+11.4% QoQ) · 99 holdings · Q2 2026 13F · top 10 are 38% of the stock portfolio
- 1
SCHWAB STRATEGIC TR - US AGGREGATE B
$22.9M
7.2% of stocks
+4%This quarter—Since filed—HeldAIQuality—Est. buy— - 2
SELECT SECTOR SPDR TR - ST STR SVC ETF
$21.1M
6.7% of stocks
+6%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
SPDR SERIES TRUST - ST STR P500ETF
$12.2M
3.9% of stocks
+67%This quarter—Since filed—HeldAIQuality—Est. buy— - 4
ISHARES TR - MBS ETF
$10.8M
3.4% of stocks
+2%This quarter—Since filed—HeldAIQuality—Est. buy— - 5
DBX ETF TR - XTRACK USD HIGH
$9.4M
3.0% of stocks
+5%This quarter—Since filed—HeldAIQuality—Est. buy— - 6
SIMPLIFY EXCHANGE TRADED FUN - MANAGED FUTURES
$9.4M
3.0% of stocks
+7%This quarter—Since filed—HeldAIQuality—Est. buy— - 7
ISHARES TR - ISHS 5-10YR INVT
$8.8M
2.8% of stocks
-1%This quarter—Since filed—HeldAIQuality—Est. buy— $8.3M
2.6% of stocks
+22%This quarter+8.3%Since filed10+ qtrsHeldAIQuality61.4#787Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row- 9
ETF OPPORTUNITIES TRUST - SMI FULL ETF
$8.2M
2.6% of stocks
-8%This quarter—Since filed—HeldAIQuality—Est. buy— - 10
ISHARES TR - ISHARES SEMICDTR
$7.9M
2.5% of stocks
-8%This quarter—Since filed—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SCHWAB STRATEGIC TR - US AGGREGATE B | $22.9M | 7.2% | +4% | — | — | — | — | |
| 2 | SELECT SECTOR SPDR TR - ST STR SVC ETF | $21.1M | 6.7% | +6% | — | — | — | — | |
| 3 | SPDR SERIES TRUST - ST STR P500ETF | $12.2M | 3.9% | +67% | — | — | — | — | |
| 4 | ISHARES TR - MBS ETF | $10.8M | 3.4% | +2% | — | — | — | — | |
| 5 | DBX ETF TR - XTRACK USD HIGH | $9.4M | 3.0% | +5% | — | — | — | — | |
| 6 | SIMPLIFY EXCHANGE TRADED FUN - MANAGED FUTURES | $9.4M | 3.0% | +7% | — | — | — | — | |
| 7 | ISHARES TR - ISHS 5-10YR INVT | $8.8M | 2.8% | -1% | — | — | — | — | |
| 8 | $8.3M | 2.6% | +22% | +8.3% | 10+ qtrsTrimmed 3 qtrs in a row | 61.4#787 | Estimated buy price is Pro: unlock with a free trial | ||
| 9 | ETF OPPORTUNITIES TRUST - SMI FULL ETF | $8.2M | 2.6% | -8% | — | — | — | — | |
| 10 | ISHARES TR - ISHARES SEMICDTR | $7.9M | 2.5% | -8% | — | — | — | — |
All holdings — THEORY FINANCIAL LLC (Q2 2026)
99 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | — | TIDAL TRUST I - FUND GRAN US ETFetf/fund | — | $7.8M | 2.5% | 284K | -11% | — | — | 13F |
| 12 | — | ISHARES INC - MSCI GBL ETF NEWetf/fund | — | $7.4M | 2.3% | 128K | +25% | — | — | 13F |
| 13 | — | ISHARES TR - CORE UNIVRSL USDetf/fund | — | $7.4M | 2.3% | 160K | +79% | — | — | 13F |
| 14 | Invesco Ltd. | Financials | $6.7M | 2.1% | 49K | -2% | 10+ qtrsAdded 5 qtrs in a row | — | 13F | |
| 15 | — | VANGUARD STAR FDS - VG TL INTL STK Fetf/fund | — | $6.7M | 2.1% | 78K | +12% | — | — | 13F |
| 16 | — | VANGUARD WORLD FD - INF TECH ETFetf/fund | — | $6.4M | 2.0% | 53K | +779% | — | — | 13F |
| 17 | — | SCHWAB STRATEGIC TR - US TIPS ETFetf/fund | — | $6.2M | 2.0% | 235K | +18% | — | — | 13F |
| 18 | — | VANGUARD WORLD FD - FINANCIALS ETFetf/fund | — | $6.2M | 1.9% | 47K | -2% | — | — | 13F |
| 19 | Invesco Ltd. | Financials | $6.0M | 1.9% | 64K | +3% | 10+ qtrsAdded 5 qtrs in a row | — | 13F | |
| 20 | — | INVESCO EXCHANGE TRADED FD T - S&P SML600 VAL | — | $5.9M | 1.9% | 40K | +5% | — | — | 13F |
| 21 | SPDR GOLD TRUSTetf/fund | Financials | $5.9M | 1.9% | 16K | +7% | 5 qtrsAdded 5 qtrs in a row | — | 13F | |
| 22 | Invesco Ltd.etf/fund | Financials | $5.9M | 1.9% | 19K | +14% | 10+ qtrsAdded 5 qtrs in a row | — | 13F | |
| 23 | — | BLACKROCK ETF TRUST - ISHARES US EQUITetf/fund | — | $5.9M | 1.9% | 86K | -2% | — | — | 13F |
| 24 | — | VANGUARD INDEX FDS - SM CP VAL ETFetf/fund | — | $5.8M | 1.8% | 24K | +7% | — | — | 13F |
| 25 | — | SELECT SECTOR SPDR TR - ST STR TECHN ETFetf/fund | — | $5.8M | 1.8% | 30K | +7% | — | — | 13F |
| 26 | — | ISHARES TR - S&P 500 GRWT ETF | — | $5.7M | 1.8% | 41K | -3% | |||
| 27 | $IVZ | Invesco Ltd. | Financials | $5.6M | 1.8% | 352K | +24% | |||
| 28 | — | SELECT SECTOR SPDR TR - ST STR CARE ETF | — | $4.9M | 1.5% | 31K | -32% | |||
| 29 | — | ISHARES TR - S&P 500 VAL ETF | — | $4.8M | 1.5% | 21K | -18% | |||
| 30 | — | ROUNDHILL ETF TRUST - MEMORY ETF | — | $3.8M | 1.2% | 51K | New | |||
| 31 | — | ISHARES TR - MSCI ACWI EX US | — | $3.7M | 1.2% | 48K | +30% | |||
| 32 | — | ISHARES TR - JPMORGAN USD EMG | — | $3.7M | 1.1% | 38K | New | |||
| 33 | — | ISHARES TR - US TREAS BD ETF | — | $3.6M | 1.1% | 159K | +10% | |||
| 34 | — | BLACKROCK ETF TRUST - ISHA IN CTRY ETF | — | $3.3M | 1.0% | 90K | -0.3% | |||
| 35 | — | VANGUARD INDEX FDS - VALUE ETF | — | $3.2M | 1.0% | 15K | +3% | |||
| 36 | — | VANECK ETF TRUST - URANI NUCLE ETF | — | $3.1M | 1.0% | 27K | +26% | |||
| 37 | — | BLACKROCK ETF TRUST - ISHA I IN TE ETF | — | $2.7M | 0.9% | 52K | -25% | |||
| 38 | — | SPDR INDEX SHS FDS - ST PORT MARK ETF | — | $2.6M | 0.8% | 51K | +8% | |||
| 39 | — | VANGUARD MUN BD FDS - TAX EXEMPT BD | — | $2.6M | 0.8% | 52K | +3% | |||
| 40 | — | BONDBLOXX ETF TRUST - BLOOMBERG TEN YR | — | $2.5M | 0.8% | 56K | -38% | |||
| 41 | — | ISHARES TR - NATIONAL MUN ETF | — | $2.5M | 0.8% | 23K | +0.6% | |||
| 42 | — | BLACKROCK ETF TRUST - ISHA LA CORE ETF | — | $2.3M | 0.7% | 46K | +5% | |||
| 43 | — | BLACKROCK ETF TRUST - ISHA SYST AL ETF | — | $2.3M | 0.7% | 80K | New | |||
| 44 | $IVZ | Invesco Ltd. | Financials | $2.2M | 0.7% | 13K | -27% | |||
| 45 | — | ISHARES TR - CORE S&P500 ETF | — | $2.1M | 0.7% | 2,869 | +3% | |||
| 46 | — | BLACKROCK ETF TRUST II - ISHA GLO USD ETF | — | $2.0M | 0.6% | 40K | New | |||
| 47 | — | ISHARES TR - LONG TERM MUNI | — | $2.0M | 0.6% | 39K | +3% | |||
| 48 | — | BLACKROCK ETF TRUST - ISHA US THEM ETF | — | $1.9M | 0.6% | 43K | -31% | |||
| 49 | — | GLOBAL X FDS - DEFENSE TECH ETF | — | $1.5M | 0.5% | 24K | +24% | |||
| 50 | — | AMERICAN CENTY ETF TR - AVANTIS EMGMKT | — | $1.4M | 0.5% | 15K | -45% | |||
| 51 | $SPY | SPDR S&P 500 ETF TRUST | — | $1.3M | 0.4% | 1,806 | — | |||
| 52 | — | ISHARES TR - RUS 1000 GRW ETF | — | $1.3M | 0.4% | 11K | +310% | |||
| 53 | $BTC | Grayscale Bitcoin Mini Trust ETF | Financials | $1.3M | 0.4% | 49K | +0.9% | |||
| 54 | — | ISHARES TR - ESG AWR US AGRGT | — | $1.1M | 0.3% | 23K | +2% | |||
| 55 | — | BLACKROCK ETF TRUST - ISHA US AWAR ETF | — | $1.1M | 0.3% | 14K | +5% | |||
| 56 | — | ISHARES TR - S&P 100 ETF | — | $988K | 0.3% | 2,700 | +1% | |||
| 57 | — | ISHARES TR - ESG AWRE USD ETF | — | $958K | 0.3% | 41K | -13% | |||
| 58 | — | ISHARES INC - CORE MSCI EMKT | — | $904K | 0.3% | 11K | +0.1% | |||
| 59 | — | ISHARES TR - ESG AWR MSCI USA | — | $901K | 0.3% | 5,505 | +10% | |||
| 60 | — | ISHARES TR - MSCI USA QLT FCT | — | $820K | 0.3% | 3,735 | -75% | |||
| 61 | $GOOGL | Alphabet Inc. | Technology | $722K | 0.2% | 2,020 | — | |||
| 62 | — | ISHARES TR - ESG MSCI KLD ETF | — | $687K | 0.2% | 4,823 | -7% | |||
| 63 | $GLDM | World Gold Trust | Financials | $673K | 0.2% | 8,470 | +23% | |||
| 64 | — | BLACKROCK ETF TRUST II - ISHA FLEX IN ETF | — | $627K | 0.2% | 12K | -67% | |||
| 65 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $604K | 0.2% | 1,208 | -1% | |||
| 66 | $AAPL | Apple Inc. | Technology | $564K | 0.2% | 1,948 | -2% | |||
| 67 | — | SCHWAB STRATEGIC TR - US LCAP VA ETF | — | $544K | 0.2% | 16K | — | |||
| 68 | — | ISHARES TR - ESG AWRE 1 5 YR | — | $537K | 0.2% | 21K | New | |||
| 69 | — | ISHARES TR - ESG ADVAN ETF | — | $531K | 0.2% | 12K | +3% | |||
| 70 | — | ISHARES TR - ESG MSCI USA ETF | — | $531K | 0.2% | 7,642 | -7% | |||
| 71 | $AMZN | AMAZON COM INC | Consumer Discretionary | $529K | 0.2% | 2,218 | — | |||
| 72 | $ALNY | ALNYLAM PHARMACEUTICALS, INC. | Healthcare | $517K | 0.2% | 1,719 | -37% | |||
| 73 | — | VANGUARD INDEX FDS - GROWTH ETF | — | $484K | 0.1% | 5,613 | +501% | |||
| 74 | — | ISHARES TR - CORE MSCI EAFE | — | $477K | 0.1% | 4,935 | +7% | |||
| 75 | — | ISHARES TR - EAFE GRWTH ETF | — | $441K | 0.1% | 3,541 | -0.9% | |||
| 76 | — | SPDR SERIES TRUST - ST SHO TREAS ETF | — | $436K | 0.1% | 15K | -0.6% | |||
| 77 | $LLY | ELI LILLY & Co | Healthcare | $425K | 0.1% | 354 | +9% | |||
| 78 | — | ISHARES TR - EAFE VALUE ETF | — | $419K | 0.1% | 5,473 | -83% | |||
| 79 | — | ISHARES TR - SYSTEMATIC BD ET | — | $402K | 0.1% | 4,527 | +8% | |||
| 80 | $MUFG | MITSUBISHI UFJ FINANCIAL GROUP INC | Financials | $393K | 0.1% | 7,180 | -13% | |||
| 81 | — | ISHARES TR - RUS MDCP VAL ETF | — | $377K | 0.1% | 2,293 | — | |||
| 82 | — | ISHARES TR - U.S. TECH ETF | — | $332K | 0.1% | 1,316 | -0.9% | |||
| 83 | $JNJ | JOHNSON & JOHNSON | Healthcare | $331K | 0.1% | 1,304 | New | |||
| 84 | — | ISHARES TR - ESG AWR MSCI USA | — | $330K | 0.1% | 9,408 | +6% | |||
| 85 | — | ISHARES TR - MSCI INTL VLU FT | — | $325K | 0.1% | 7,762 | -2% | |||
| 86 | $JPM | JPMORGAN CHASE & CO | Financials | $307K | 0.1% | 939 | — | |||
| 87 | $AVGO | Broadcom Inc. | Technology | $306K | 0.1% | 809 | — | |||
| 88 | $CVX | CHEVRON CORP | Energy | $303K | 0.1% | 1,828 | — | |||
| 89 | $NVDA | NVIDIA CORP | Technology | $287K | 0.1% | 1,432 | +3% | |||
| 90 | — | VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT | — | $281K | 0.1% | 3,937 | — | |||
| 91 | — | ISHARES TR - ESG EAFE ETF | — | $280K | 0.1% | 3,305 | +10% | |||
| 92 | — | VANGUARD INDEX FDS - MCAP VL IDXVIP | — | $278K | 0.1% | 1,406 | — | |||
| 93 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $262K | 0.1% | 356 | — | |||
| 94 | — | ISHARES TR - 0-5 YR TIPS ETF | — | $250K | 0.1% | 2,452 | New | |||
| 95 | $ABBV | AbbVie Inc. | Healthcare | $238K | 0.1% | 944 | — | |||
| 96 | $MSFT | MICROSOFT CORP | Technology | $218K | 0.1% | 583 | -25% | |||
| 97 | — | ISHARES TR - RUS MD CP GR ETF | — | $214K | 0.1% | 1,464 | New | |||
| 98 | — | SCHWAB STRATEGIC TR - FUNDAMENTAL US L | — | $207K | 0.1% | 6,657 | New | |||
| 99 | $FATE | FATE THERAPEUTICS INC | Healthcare | $60K | 0.0% | 22K | New |
What changed in Q2 2026
Against the previous quarter's 13F: 10 new, 46 added to, 31 trimmed, 4 sold out. Share-count changes; largest moves by dollar size first.
New positions (10)
- ROUNDHILL ETF TRUST - MEMORY ETF$3.8M
first bought this quarter
- ISHARES TR - JPMORGAN USD EMG$3.7M
first bought this quarter
- BLACKROCK ETF TRUST - ISHA SYST AL ETF$2.3M
first bought this quarter
- BLACKROCK ETF TRUST II - ISHA GLO USD ETF$2.0M
first bought this quarter
- ISHARES TR - ESG AWRE 1 5 YR$537K
first bought this quarter
$JNJJOHNSON & JOHNSON$331K
first bought this quarter
+4 more in the Excel export
Added to (46)
- VANGUARD WORLD FD - INF TECH ETF+779%
now $6.4M
- SPDR SERIES TRUST - ST STR P500ETF+67%
now $12.2M
- ISHARES TR - CORE UNIVRSL USD+79%
now $7.4M
now $8.3M · held 10+ qtrs
- ISHARES INC - MSCI GBL ETF NEW+25%
now $7.4M
- SELECT SECTOR SPDR TR - ST STR SVC ETF+6%
now $21.1M
+40 more in the Excel export
Trimmed (31)
- ISHARES TR - MSCI USA QLT FCT-75%
now $820K
- SELECT SECTOR SPDR TR - ST STR CARE ETF-32%
now $4.9M
- ISHARES TR - EAFE VALUE ETF-83%
now $419K
- BONDBLOXX ETF TRUST - BLOOMBERG TEN YR-38%
now $2.5M
- BLACKROCK ETF TRUST II - ISHA FLEX IN ETF-67%
now $627K
- AMERICAN CENTY ETF TR - AVANTIS EMGMKT-45%
now $1.4M
+25 more in the Excel export
Sold out (4)
- SELECT SECTOR SPDR TRwas $7.2M
- ISHARES TRwas $2.1M
- VANGUARD SCOTTSDALE FDSwas $626K
$XOM.R34088EXXON MOBIL CORPwas $540K
held 6 qtrs
Holdings by quarter
Every 13F THEORY FINANCIAL LLC has filed, 17 earlier quarters. Pick one to see what it held then.
Is it too late to follow THEORY FINANCIAL?
Q2 2026 13F filed with the SEC on Jul 31, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of THEORY FINANCIAL's top 20 holdings: 67/100 (our AI quality score, weighted by position size; 13 of the 20 are scored)
Top 10 since filing
-0.0%
Value-weighted move of the 10 largest stock positions
Turnover
9%
Last quarter; 43% over the last 4
Top 10 weight
38%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
98%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
THEORY FINANCIAL LLC disclosed 99 positions worth $317.3M in its Form 13F-HR for Q2 2026. During the quarter the fund opened 10 new positions and exited 4. The portfolio is most concentrated in Other (84.8% of disclosed assets). All figures are sourced directly from THEORY FINANCIAL LLC’s Form 13F-HR filing with the SEC under CIK 1899158.
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AI-Powered Hedge Fund Analysis: THEORY FINANCIAL LLC
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Every holding in THEORY FINANCIAL LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.