Theory Financial 13F annual report

Theory Financial is an investment fund managing more than $211 billion ran by Ryan Stout. There are currently 27 companies in Mr. Stout’s portfolio. The largest investments include Schwab Strategic Tr and Select Sector Spdr Tr, together worth $59 billion.

$211 billion Assets Under Management (AUM)

As of 17th July 2024, Theory Financial’s top holding is 714,074 shares of Schwab Strategic Tr currently worth over $33.6 billion and making up 15.9% of the portfolio value. In addition, the fund holds 222,869 shares of Select Sector Spdr Tr worth $25.4 billion. The third-largest holding is Vanguard World Fd worth $15.4 billion and the next is Ishares Tr worth $55.7 billion, with 625,004 shares owned.

Currently, Theory Financial's portfolio is worth at least $211 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Theory Financial

The Theory Financial office and employees reside in Fort Collins, Colorado. According to the last 13-F report filed with the SEC, Ryan Stout serves as the Managing Member and Chief Compliance Officer at Theory Financial.

Recent trades

In the most recent 13F filing, Theory Financial revealed that it had opened a new position in Select Sector Spdr Tr and bought 98,247 shares worth $7.17 billion.

The investment fund also strengthened its position in Select Sector Spdr Tr by buying 96,449 additional shares. This makes their stake in Select Sector Spdr Tr total 222,869 shares worth $25.4 billion.

On the other hand, there are companies that Theory Financial is getting rid of from its portfolio. Theory Financial closed its position in Spdr Ser Tr on 23rd July 2024. It sold the previously owned 43,827 shares for $8.12 billion. Ryan Stout also disclosed a decreased stake in Schwab Strategic Tr by approximately 0.1%. This leaves the value of the investment at $33.6 billion and 714,074 shares.

One of the smallest hedge funds

The two most similar investment funds to Theory Financial are 1776 Wealth and Enterprise Bank & Trust Co. They manage $211 billion and $211 billion respectively.

Ryan Stout investment strategy

Theory Financial’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 0.3% of the total portfolio value. The fund focuses on investments in the United States as 18.5% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 19% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $1.09 trillion.

The complete list of Theory Financial trades based on 13F SEC filings

These positions were updated on July 23rd based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Schwab Strategic Tr	0.96% 714,074	$33,634,648,000	15.92%
Select Sector Spdr Tr	76.29% 222,869	$25,357,159,000	12.00%
Vanguard World Fd	131.34% 112,211	$15,435,574,000	7.30%
Ishares Tr	25.01% 625,004	$55,702,624,000	26.36%
Spdr Ser Tr	9.84% 294,944	$15,604,345,000	7.38%
Vanguard Scottsdale Fds	8.51% 93,290	$5,432,277,000	2.57%
Invesco Exchange Traded Fd T	6.30% 165,780	$11,322,288,000	5.36%
Invesco Exch Traded Fd Tr Ii	5.40% 23,004	$4,534,318,000	2.15%
First Tr Exchange-traded Fd	3.93% 63,818	$4,359,408,000	2.06%
Select Sector Spdr Tr	Opened 98,247	$7,166,540,000	3.39%
Spdr Ser Tr	Closed 43,827	$8,124,850,000
Ishares Tr	Closed 230,822	$12,422,169,000
Vanguard Specialized Funds	Closed 21,809	$3,982,541,000
Direxion Shs Etf Tr	Closed 42,957	$3,836,046,000
Spdr Ser Tr	Opened 40,522	$3,719,109,000	1.76%
Wisdomtree Tr	19.92% 125,936	$6,596,744,000	3.12%
Blackrock Etf Trust	93.51% 79,777	$3,824,847,000	1.81%
Vanguard Index Fds	18.91% 40,240	$6,837,388,000	3.24%
Vanguard Star Fds	47.23% 34,229	$2,064,009,000	0.98%
Vanguard Mun Bd Fds	1.50% 30,870	$1,546,896,000	0.73%
Ishares Inc	Opened 22,667	$1,546,796,000	0.73%
Ishares Inc	129.99% 42,948	$2,423,123,000	1.15%
Spdr Sp 500 Etf Tr	1.76% 1,905	$1,036,739,000	0.49%
Blackrock Etf Trust Ii	99.13% 19,809	$1,034,030,000	0.49%
Amazon.com Inc.	2.53% 2,276	$439,837,000	0.21%
Grainger W W Inc	Closed 400	$406,920,000
Alphabet Inc	No change 1,989	$362,296,000	0.17%
Ishares Tr	Opened 7,663	$322,766,000	0.15%
Chevron Corp.	1.37% 1,877	$293,600,000	0.14%
Vanguard Index Fds	Closed 1,050	$251,748,000
Microsoft Corporation	3.93% 562	$251,186,000	0.12%
Goldman Sachs Etf Tr	Opened 5,474	$247,699,000	0.12%
Apple Inc	Opened 1,031	$217,149,000	0.10%
No transactions found
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