TF

Theory Financial LLC

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$284.9M

Reporting period: 2026-03-31 · Number of holdings: 94

THEORY FINANCIAL LLC disclosed 94 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $284.9M and a quarterly turnover rate of 36.4%.

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Personality snowflake

Concentration
10.63
Portfolio Stability
36.42
Momentum/Contrarian
100
Sector conviction
56.93
Diversification
100
Sizing Uniformity
87.7

Recent moves

  • Trim VFH

    -66.6%　-$13.0M

  • Add XLP

    +1853.2%　$6.8M

  • Add FCTE

    +243.9%　$5.1M

  • Add CTA

    +71.5%　$4.6M

  • Trim SCHZ

    -16.9%　-$4.8M

  • Add PICK

    +117.6%　$3.0M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1SCHZSchwab US Aggregate Bond ETFETF-Other7.71%-1.29%-16.93%
2XLCSs Comm Select Sector SpdrETF-Other7.23%-0.91%-9.40%
3MBBIshares Mbs ETFETF-Other3.73%—+1.24%
4CTASimplify Managed Futures StETF-Other3.59%+1.70%+71.55%
5IGIBIshares 5-10y Inv Grade CORPETF-Corp Bonds3.14%—-1.02%
6HYLBXtrackers Usd High Yield CorETF-High Yield3.13%—+6.94%
7GRNYFundstr Gran Sh US Lrg CapETF-Other2.68%-0.47%-12.38%
8FCTESmi 3fourteen Full-cycl TrndETF-Other2.64%+1.83%+243.93%
9XLPSs Consumer Staples Sel SectETF-Other2.53%+2.40%+1853.21%
10XLVSs Health Care Select SectorETF-Other2.30%+0.85%+64.37%
11GLDSpdr Gold SharesETF-Commodities2.27%+0.53%+35.10%
12SPYMSte Str Spdr Pt S&p 500 ETFETF-Large Cap & Growth2.24%+0.41%+25.19%
13EZMWisdomtree US Midcap FundETF-Other2.11%+0.45%+26.81%
14VFHVanguard Financials ETFETF-Other2.03%-4.30%-66.58%
15PICKIshares Msci Global Metals &ETF-Other2.03%+1.09%+117.58%
16IVEIshares S&p 500 Value ETFETF-Large Cap & Growth1.90%-0.10%-5.77%
17VXUSVanguard Total Intl StockETF-Other1.89%-0.12%-6.50%
18SCHPSchwab U.s. Tips ETFETF-Other1.86%-0.18%-12.60%
19DYNFIshrs US E F R A Etf-usd INCETF-Other1.80%-0.39%-16.95%
20PDBCInvesco Optimum Yield DiversETF-Other1.73%+0.92%+71.25%
21VBRVanguard Small-cap Value ETFETF-Other1.71%+0.40%+29.44%
22IVWIshares S&p 500 Growth ETFETF-Large Cap & Growth1.69%-0.08%+0.89%
23XSMOInvesco S&p Smallcap MomentuETF-Other1.65%+0.41%+29.94%
24RZVInvesco S&p Smallcap 600 PurETF-Other1.65%+0.42%+33.41%
25SOXXIshares Semiconductor ETFETF-Other1.54%-0.43%-21.97%
26PTFInvesco Dorsey Wright TechETF-Tech1.53%-0.37%-25.32%
27VGTVanguard Info Tech ETFETF-Tech1.49%-0.34%-15.02%
28IUSBIshr Cr Unvrse Usd Bd Etf-uiETF-Other1.45%—+5.48%
29XTENBondbloxx Bbg 10y US Tsy ETFETF-Other1.43%—+4.00%
30QQQMInvesco Nasdaq 100 ETFETF-Tech1.43%-0.37%-17.58%
31XLKSs Technology Select SectorETF-Tech1.31%-0.19%-7.88%
32GOVTIshares US Treasury Bond ETFETF-Gov Bonds1.16%+1.02%+700.86%
33COROIsh Intl Ctry Rot Act ETFETF-Other1.02%+1.02%NEW
34QUALIshares Msci USA Quality FacETF-Other1.02%-1.03%-49.43%
35NLRVaneck Urani & Nuclr Etf-usdETF-Other1.00%-0.10%-2.93%
36VTVVanguard Value ETFETF-Other0.97%+0.33%+46.50%
37ACWXIshares Msci Acwi Ex US ETFETF-Other0.90%+0.90%NEW
38VTEBVanguard Tax-exempt Bond ETFETF-Other0.88%——
39MUBIshares National Muni Bond EETF-Other0.86%—+3.64%
40EFVIshares Msci Eafe Value ETFETF-Other0.82%-0.52%-41.20%
41THROIshares U.s. Thematic RotatiETF-Other0.80%—+0.84%
42BAIIshrs Ai In And Tech Act ETFETF-Tech0.79%—+0.45%
43SPEMState Street Sp Ptf Em ETFETF-Other0.77%+0.33%+76.30%
44AVEMAvantis Emerging Markets EqETF-Emerging Markets0.76%—+25.35%
45IAGGIshares Intl Aggregate BondETF-Other0.73%—+7.20%
46SPMOInvesco S&p 500 Momentum ETFETF-Large Cap & Growth0.72%—-0.71%
47LMUBIshares Lt National Muni BdETF-Other0.66%+0.66%NEW
48BINCIshares Flex I A Etf-usd INCETF-Other0.66%-0.19%-24.21%
49IVVIshares Core S&p 500 ETFETF-Large Cap & Growth0.64%—+2.51%
50BLCRIshares Lrg Cp Cr Act Etf-uiETF-Other0.64%+0.64%NEW
1–50 of 94

Holding changes this quarter

Theory Financial LLC's most significant position changes for 2026-03-31: Sold out: Invesco S&p 500 Top 50 ETF (XLG); New buy: Ish Intl Ctry Rot Act ETF (CORO); New buy: Ishares Msci Acwi Ex US ETF (ACWX); New buy: Ishares Lt National Muni Bd (LMUB); New buy: Ishares Lrg Cp Cr Act Etf-ui (BLCR).

Position changes disclosed by Theory Financial LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1XLPSs Consumer Staples Sel Sect+2.4%+1853.21%Add
2FCTESmi 3fourteen Full-cycl Trnd+1.8%+243.93%Add
3CTASimplify Managed Futures St+1.7%+71.55%Add
4PICKIshares Msci Global Metals &+1.1%+117.58%Add
5GOVTIshares US Treasury Bond ETF+1%+700.86%Add
6PDBCInvesco Optimum Yield Divers+0.9%+71.25%Add
7XLVSs Health Care Select Sector+0.9%+64.37%Add
8GLDSpdr Gold Shares+0.5%+35.10%Add
9EZMWisdomtree US Midcap Fund+0.5%+26.81%Add
10RZVInvesco S&p Smallcap 600 Pur+0.4%+33.41%Add
11XSMOInvesco S&p Smallcap Momentu+0.4%+29.94%Add
12SPYMSte Str Spdr Pt S&p 500 ETF+0.4%+25.19%Add
13VBRVanguard Small-cap Value ETF+0.4%+29.44%Add
14SPEMState Street Sp Ptf Em ETF+0.3%+76.30%Add
15VTVVanguard Value ETF+0.3%+46.50%Add
16SHLDGlobal X Defense Tech ETF+0.2%+71.50%Add
17IVWIshares S&p 500 Growth ETF-0.1%+0.89%Add
18IVEIshares S&p 500 Value ETF-0.1%-5.77%Trim
19NLRVaneck Urani & Nuclr Etf-usd-0.1%-2.93%Trim
20VXUSVanguard Total Intl Stock-0.1%-6.50%Trim
21SCHPSchwab U.s. Tips ETF-0.2%-12.60%Trim
22XLKSs Technology Select Sector-0.2%-7.88%Trim
23BINCIshares Flex I A Etf-usd INC-0.2%-24.21%Trim
24BTCGrayscale Bitcoin Mini ETF-0.3%-18.59%Trim
25SPTSSs Spdr P St Term Tsy ETF-0.3%-64.86%Trim
26VGTVanguard Info Tech ETF-0.3%-15.02%Trim
27QQQMInvesco Nasdaq 100 ETF-0.4%-17.58%Trim
28PTFInvesco Dorsey Wright Tech-0.4%-25.32%Trim
29DYNFIshrs US E F R A Etf-usd INC-0.4%-16.95%Trim
30VGITVanguard Intermediate-term T-0.4%-66.38%Trim
31SOXXIshares Semiconductor ETF-0.4%-21.97%Trim
32GLDMSpdr Gold Minishares Trust-0.5%-65.22%Trim
33GRNYFundstr Gran Sh US Lrg Cap-0.5%-12.38%Trim
34EFVIshares Msci Eafe Value ETF-0.5%-41.20%Trim
35EPIWisdomtree India Earnings-0.7%-62.27%Trim
36XLCSs Comm Select Sector Spdr-0.9%-9.40%Trim
37IEMGIshares Core Msci Emerging-1%-78.13%Trim
38QUALIshares Msci USA Quality Fac-1%-49.43%Trim
39SCHZSchwab US Aggregate Bond ETF-1.3%-16.93%Trim
40VFHVanguard Financials ETF-4.3%-66.58%Trim
41XLGInvesco S&p 500 Top 50 ETF—EXITSold out
42COROIsh Intl Ctry Rot Act ETF—NEWNew buy
43ACWXIshares Msci Acwi Ex US ETF—NEWNew buy
44LMUBIshares Lt National Muni Bd—NEWNew buy
45BLCRIshares Lrg Cp Cr Act Etf-ui—NEWNew buy
46EMBIshares Jp Morgan Usd Emergi—EXITSold out
47TLHIshares 10-20 Year Treasury—EXITSold out
48HIMUIshares High Yild Muni A ETF—EXITSold out
49IAUIshares Gold Trust—EXITSold out
50TLTIshares 20+ Year Treasury Bd—EXITSold out

FAQ

What is Theory Financial LLC and what type of investor is it?
Theory Financial LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $284.9M, spread across 94 disclosed positions.
What are Theory Financial LLC's largest equity positions?
Based on the latest 13F filing, Theory Financial LLC's top holdings by market value are: 1. Schwab US Aggregate Bond ETF (SCHZ) — $22.0M (7.7%) 2. Ss Comm Select Sector Spdr (XLC) — $20.6M (7.2%) 3. Ishares Mbs ETF (MBB) — $10.6M (3.7%) 4. Simplify Managed Futures St (CTA) — $10.2M (3.6%) 5. Ishares 5-10y Inv Grade CORP (IGIB) — $9.0M (3.1%)
What changes did Theory Financial LLC make in its most recent portfolio filing?
In the latest reported quarter, Theory Financial LLC made 50 notable position adjustments: 4 new positions were initiated, 17 existing holdings were added to, 23 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Invesco S&p 500 Top 50 ETF (XLG); New buy: Ish Intl Ctry Rot Act ETF (CORO); New buy: Ishares Msci Acwi Ex US ETF (ACWX); New buy: Ishares Lt National Muni Bd (LMUB); New buy: Ishares Lrg Cp Cr Act Etf-ui (BLCR)
What sectors does Theory Financial LLC focus on?
Theory Financial LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Health Care: 25.6% • Information Technology: 23.3% • Energy: 16.6% • Financials: 15.6% • Communication Services: 10.5% • Consumer Discretionary: 8.4%

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