# EDGAR Filing Document

**Accession Number:** 0001664147
**File Stem:** 0001664147-25-000009
**Filing Date:** 2025-10
**Character Count:** 14035
**Document Hash:** 37bc8a13eaaf278795e3e5f0cfde8c1c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001664147-25-000009.hdr.sgml**: 20251024

**ACCESSION NUMBER**: 0001664147-25-000009

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251024

**DATE AS OF CHANGE**: 20251023

**EFFECTIVENESS DATE**: 20251024

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Colorado Capital Management, Inc.
- **CENTRAL INDEX KEY:** 0001664147

**ORGANIZATION NAME:**
- **EIN:** 841532591
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17087
- **FILM NUMBER:** 251413893

**BUSINESS ADDRESS:**
- **STREET 1:** 4430 ARAPAHOE AVE. STE 120
- **CITY:** BOULDER
- **STATE:** CO
- **ZIP:** 80303
- **BUSINESS PHONE:** 3034449300

**MAIL ADDRESS:**
- **STREET 1:** 4430 ARAPAHOE AVE. STE 120
- **CITY:** BOULDER
- **STATE:** CO
- **ZIP:** 80303

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Colorado Capital Management Inc.<br>**Address:** 4430 ARAPAHOE AVE. STE 120<br>BOULDER, CO 80303

**Form 13F File Number:** 028-17087

**CRD Number (if applicable):** 000114011

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Andy Gilson<br>**Title:** Operations Manager<br>**Phone:** 3034449300

**Signature, Place, and Date of Signing:**

Andy Gilson  Boulder, CO  10-23-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 105

**Form 13F Information Table Value Total:** $258571

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 872 | 3585 | SH |  | SOLE |  | 0 | 0 | 3585 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 7687 | 31561 | SH |  | SOLE |  | 0 | 0 | 31561 |
| APPLE INC | COM | 037833100 |  | 8828 | 34669 | SH |  | SOLE |  | 0 | 0 | 34669 |
| ABBVIE INC | COM | 00287Y109 |  | 205 | 887 | SH |  | SOLE |  | 0 | 0 | 887 |
| AMERICAN CENTY ETF TR | LARGE CAP GROWTH | 025072380 |  | 1750 | 26843 | SH |  | SOLE |  | 0 | 0 | 26843 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 180 | 730 | SH |  | SOLE |  | 0 | 0 | 730 |
| AMAZON COM INC | COM | 023135106 |  | 1350 | 6150 | SH |  | SOLE |  | 0 | 0 | 6150 |
| AMERICAN CENTY ETF TR | AVANTIS INTL SML | 025072190 |  | 616 | 9124 | SH |  | SOLE |  | 0 | 0 | 9124 |
| VANGUARD BD INDEX FD INC | SHORT TRM BOND | 921937827 |  | 3392 | 42992 | SH |  | SOLE |  | 0 | 0 | 42992 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1569 | 3120 | SH |  | SOLE |  | 0 | 0 | 3120 |
| CATERPILLAR INC | COM | 149123101 |  | 280 | 587 | SH |  | SOLE |  | 0 | 0 | 587 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 247 | 750 | SH |  | SOLE |  | 0 | 0 | 750 |
| CLAYMORE EXCHANGE TRD FD TR | GUGG S GBL WTR | 18383Q507 |  | 2703 | 42071 | SH |  | SOLE |  | 0 | 0 | 42071 |
| INVESTMENT MANAGERS SER TR I | AXS CHANGE FINAN | 46144X107 |  | 4909 | 179777 | SH |  | SOLE |  | 0 | 0 | 179777 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 298 | 1400 | SH |  | SOLE |  | 0 | 0 | 1400 |
| MORGAN STANLEY ETF TRUST | CALVERT US MDCP | 61774R403 |  | 723 | 11381 | SH |  | SOLE |  | 0 | 0 | 11381 |
| DBX ETF TR | XTRAK MSCI EAFE | 233051200 |  | 293 | 6318 | SH |  | SOLE |  | 0 | 0 | 6318 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 1 | 25434V625 |  | 385 | 5349 | SH |  | SOLE |  | 0 | 0 | 5349 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 |  | 7706 | 244391 | SH |  | SOLE |  | 0 | 0 | 244391 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 15246 | 419421 | SH |  | SOLE |  | 0 | 0 | 419421 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 10015 | 146294 | SH |  | SOLE |  | 0 | 0 | 146294 |
| DIMENSIONAL ETF TRUST | GLOBAL REAL EST | 25434V658 |  | 4006 | 146699 | SH |  | SOLE |  | 0 | 0 | 146699 |
| DIMENSIONAL ETF TRUST | US SUSTAINABILTY | 25434V716 |  | 382 | 8989 | SH |  | SOLE |  | 0 | 0 | 8989 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VAL | 25434V724 |  | 5903 | 132093 | SH |  | SOLE |  | 0 | 0 | 132093 |
| WISDOMTREE TR | US QTLY DIV GRT | 97717X669 |  | 869 | 9768 | SH |  | SOLE |  | 0 | 0 | 9768 |
| WISDOMTREE TR | EMG MKTS SMCAP | 97717W281 |  | 342 | 5990 | SH |  | SOLE |  | 0 | 0 | 5990 |
| ISHARES TR | MSCI KLD400 SOC | 464288570 |  | 341 | 2707 | SH |  | SOLE |  | 0 | 0 | 2707 |
| ISHARES TR | USA ESG SLCT ETF | 464288802 |  | 1852 | 13030 | SH |  | SOLE |  | 0 | 0 | 13030 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 1772 | 33184 | SH |  | SOLE |  | 0 | 0 | 33184 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 542 | 5806 | SH |  | SOLE |  | 0 | 0 | 5806 |
| ISHARES | MSCI ISR CAP ETF | 464286632 |  | 335 | 3342 | SH |  | SOLE |  | 0 | 0 | 3342 |
| FIRST TR EXCHANGE TRADED FD | NO AMER ENERGY | 33738D101 |  | 741 | 19345 | SH |  | SOLE |  | 0 | 0 | 19345 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 203 | 6501 | SH |  | SOLE |  | 0 | 0 | 6501 |
| WISDOMTREE TR | EURO QTLY DIV GR | 97717X610 |  | 259 | 7363 | SH |  | SOLE |  | 0 | 0 | 7363 |
| FIRST TR EXCHANGE TRADED FD | SENIOR LN FD | 33738D309 |  | 3513 | 76640 | SH |  | SOLE |  | 0 | 0 | 76640 |
| HANNON ARMSTRONG SUST INFR C | COM | 41068X100 |  | 387 | 12621 | SH |  | SOLE |  | 0 | 0 | 12621 |
| HOME DEPOT INC | COM | 437076102 |  | 294 | 726 | SH |  | SOLE |  | 0 | 0 | 726 |
| ISHARES TR | ESG ADVNCD HY BD | 46435G441 |  | 4235 | 89179 | SH |  | SOLE |  | 0 | 0 | 89179 |
| WISDOMTREE TR | ITL HDG QTLY DIV | 97717X594 |  | 716 | 15540 | SH |  | SOLE |  | 0 | 0 | 15540 |
| ISHARES TR | CORE S US GWT | 464287671 |  | 3737 | 22710 | SH |  | SOLE |  | 0 | 0 | 22710 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1142 | 17494 | SH |  | SOLE |  | 0 | 0 | 17494 |
| ISHARES TR | S MC 400GR ETF | 464287606 |  | 211 | 2199 | SH |  | SOLE |  | 0 | 0 | 2199 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1840 | 15487 | SH |  | SOLE |  | 0 | 0 | 15487 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 441 | 2134 | SH |  | SOLE |  | 0 | 0 | 2134 |
| ISHARES TR | CORE S ETF | 464287200 |  | 979 | 1463 | SH |  | SOLE |  | 0 | 0 | 1463 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 3140 | 26011 | SH |  | SOLE |  | 0 | 0 | 26011 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 211 | 577 | SH |  | SOLE |  | 0 | 0 | 577 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 3136 | 15404 | SH |  | SOLE |  | 0 | 0 | 15404 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 6829 | 14579 | SH |  | SOLE |  | 0 | 0 | 14579 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1251 | 5169 | SH |  | SOLE |  | 0 | 0 | 5169 |
| ISHARES TR | RUS MID-CAP ETF | 464287499 |  | 372 | 3858 | SH |  | SOLE |  | 0 | 0 | 3858 |
| ISHARES TR | CORE MSCI TOTAL | 46432F834 |  | 265 | 3211 | SH |  | SOLE |  | 0 | 0 | 3211 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 320 | 5455 | SH |  | SOLE |  | 0 | 0 | 5455 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 412 | 2221 | SH |  | SOLE |  | 0 | 0 | 2221 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 392 | 1244 | SH |  | SOLE |  | 0 | 0 | 1244 |
| TIDAL ETF TR | ADASINA SOCIAL | 886364876 |  | 207 | 10186 | SH |  | SOLE |  | 0 | 0 | 10186 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 5018 | 8419 | SH |  | SOLE |  | 0 | 0 | 8419 |
| META PLATFORMS INC | CL A | 30303M102 |  | 645 | 879 | SH |  | SOLE |  | 0 | 0 | 879 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 12382 | 50728 | SH |  | SOLE |  | 0 | 0 | 50728 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 3652 | 9074 | SH |  | SOLE |  | 0 | 0 | 9074 |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 921910840 |  | 5271 | 38268 | SH |  | SOLE |  | 0 | 0 | 38268 |
| MICROSOFT CORP | COM | 594918104 |  | 1495 | 2886 | SH |  | SOLE |  | 0 | 0 | 2886 |
| NETFLIX INC | COM | 64110L106 |  | 321 | 268 | SH |  | SOLE |  | 0 | 0 | 268 |
| NUSHARES ETF TR | NUVEEN ESG US | 67092P870 |  | 3469 | 154495 | SH |  | SOLE |  | 0 | 0 | 154495 |
| NUSHARES ETF TR | NUVEEN ESG INTL | 67092P805 |  | 1337 | 35532 | SH |  | SOLE |  | 0 | 0 | 35532 |
| NUSHARES ETF TR | NUVEEN ESG EMRGN | 67092P888 |  | 9056 | 253733 | SH |  | SOLE |  | 0 | 0 | 253733 |
| NUSHARES ETF TR | NUVEEN ESG LRGCP | 67092P201 |  | 1339 | 13460 | SH |  | SOLE |  | 0 | 0 | 13460 |
| NUSHARES ETF TR | NUVEEN ESG LRGVL | 67092P300 |  | 489 | 11164 | SH |  | SOLE |  | 0 | 0 | 11164 |
| NUSHARES ETF TR | NUVEEN ESG SMLCP | 67092P607 |  | 5873 | 133180 | SH |  | SOLE |  | 0 | 0 | 133180 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 968 | 5187 | SH |  | SOLE |  | 0 | 0 | 5187 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 234 | 4209 | SH |  | SOLE |  | 0 | 0 | 4209 |
| INVESCO EXCH TRADED FD TR II | GLBL CLEAN ENRG | 46138G847 |  | 247 | 16374 | SH |  | SOLE |  | 0 | 0 | 16374 |
| PFIZER INC | COM | 717081103 |  | 572 | 22464 | SH |  | SOLE |  | 0 | 0 | 22464 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 957 | 6228 | SH |  | SOLE |  | 0 | 0 | 6228 |
| INVESCO EXCH TRADED FD TR II | FNDMNTL HY CRP | 46138E719 |  | 3984 | 214418 | SH |  | SOLE |  | 0 | 0 | 214418 |
| INVESCO EXCHANGE TRADED FD T | FTSE RAFI 1000 | 46137V613 |  | 1223 | 27045 | SH |  | SOLE |  | 0 | 0 | 27045 |
| FIRST TR EXCHANGE TRADED FD | NAS CLNEDG GREEN | 33733E500 |  | 737 | 17564 | SH |  | SOLE |  | 0 | 0 | 17564 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 2045 | 3406 | SH |  | SOLE |  | 0 | 0 | 3406 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1152 | 6074 | SH |  | SOLE |  | 0 | 0 | 6074 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 1113 | 43305 | SH |  | SOLE |  | 0 | 0 | 43305 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 1045 | 38275 | SH |  | SOLE |  | 0 | 0 | 38275 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 393 | 16864 | SH |  | SOLE |  | 0 | 0 | 16864 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 1190 | 37299 | SH |  | SOLE |  | 0 | 0 | 37299 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 2971 | 100223 | SH |  | SOLE |  | 0 | 0 | 100223 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 1260 | 47845 | SH |  | SOLE |  | 0 | 0 | 47845 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 231 | 3017 | SH |  | SOLE |  | 0 | 0 | 3017 |
| SHOPIFY INC | CL A | 82509L107 |  | 2445 | 16450 | SH |  | SOLE |  | 0 | 0 | 16450 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 8289 | 12442 | SH |  | SOLE |  | 0 | 0 | 12442 |
| ISHARES TR | ESG AWRE 1 5 YR | 46435G243 |  | 5375 | 212347 | SH |  | SOLE |  | 0 | 0 | 212347 |
| ISHARES TR | ESG AWRE USD ETF | 46435G193 |  | 4393 | 186445 | SH |  | SOLE |  | 0 | 0 | 186445 |
| MANAGED PORTFOLIO SERIES | TORTOISE GLOBAL | 56167N753 |  | 652 | 12237 | SH |  | SOLE |  | 0 | 0 | 12237 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 232 | 479 | SH |  | SOLE |  | 0 | 0 | 479 |
| DBX ETF TR | XTRCKR MSCI US | 233051150 |  | 16956 | 276405 | SH |  | SOLE |  | 0 | 0 | 276405 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 290 | 4844 | SH |  | SOLE |  | 0 | 0 | 4844 |
| MANAGER DIRECTED PORTFOLIOS | VERT GLB SUST RE | 56170L695 |  | 5950 | 558671 | SH |  | SOLE |  | 0 | 0 | 558671 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 2490 | 27234 | SH |  | SOLE |  | 0 | 0 | 27234 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 5450 | 18552 | SH |  | SOLE |  | 0 | 0 | 18552 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 356 | 581 | SH |  | SOLE |  | 0 | 0 | 581 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 1324 | 9285 | SH |  | SOLE |  | 0 | 0 | 9285 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 9887 | 195284 | SH |  | SOLE |  | 0 | 0 | 195284 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1572 | 8431 | SH |  | SOLE |  | 0 | 0 | 8431 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 542 | 10011 | SH |  | SOLE |  | 0 | 0 | 10011 |
| WALMART INC | COM | 931142103 |  | 279 | 2711 | SH |  | SOLE |  | 0 | 0 | 2711 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 589 | 5225 | SH |  | SOLE |  | 0 | 0 | 5225 |

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