Jaw-Dropping

Industry-Shaping Cutting Stallion Stevie Rey Von Purchased by Theorem Ranch 
Theorem Ranch will elevate the stallion, his colts and their riders to new heights with investments in Western performance industry development and expansion.
Stevie Rey Von Sale Theorem Ranch Sale
Stevie Rey Von poses with new owners Kisha and Jason Itkins. | 12Gates Media Photo

Kisha and Jason Itkin have purchased Stevie Rey Von from legendary breeders Alvin and Becky Fults, in a history-making acquisition that reflects the growing national spotlight on Western performance horses.

The Fults name is synonymous with excellence and integrity. Over the years, Alvin and Becky set the standard for breeding Western performance horses. Their innovation and commitment to doing things the right way has shaped generations of elite horses, including Stevie Rey Von and his extraordinary offspring.

That legacy will continue without interruption. The Itkins confirmed that the stallion’s elite breeding team—led by cutting icon Beau Galyean—will remain in place.

Stevie Rey Von

The Team Roping Connection: The Itkins also own stallion Pepinstep, shown by Colby Lovell through ARHFA competition. Lovell won the #14.5 Riata Championship in 2023 on the son of One Time Pepto out of Better Sue by Bet On Me.

Meanwhile, Pride And Joyy, the Stevie Rey Von son out of Fun N Fancy Free by Peptoboonsmal, is now the No. 2 all-time money earner by Stevie with $354,216 won—including the 2024 AQHA World Championship in the junior heeling. Stevie Rey Von also sired the 2025 Old West Futurity Sale’s high-seller, Crosby Ray Von, who went for $1.7 million in Heber City, Utah, in June.

Pepinstep
Lovell aboard Pepinstep at the 2024 ARHFA Cowtown Classic. | TRJ File Photo

“Beau is one of the best to ever do it,” Jason Itkin said. “It is essential for us to keep Stevie’s team in place as we continue to grow this sport and this legendary stallion’s legacy.”

For the Itkins, this is more than a business venture. It’s personal.

Jason Itkin is widely recognized as the top trial lawyer in the country, and Kisha Itkin leads the Theorem Collection, which includes the acclaimed Theorem Vineyards in Napa Valley and Theorem Ranch in Montana.  The couple is passionate about horses and the horse community.

“I grew up in a small town and some of my earliest memories are of sneaking out of my house to sleep under my horse in his stall,” Kisha said. “That horse was definitely no Stevie—but to a 4-year-old girl, he was everything. My love for horses has only grown over the years. And to now be part of a Stevie’s story—words can’t fully capture what it means to us.”

The Itkins intend to use their platform to bring Western performance horse sports—and the horses, trainers and riders who make it so special—to the forefront of American consciousness. 

“Western culture is one of the greatest forces that has shaped this country, and you see a love for it everywhere,” Jason said. “But most people know very little about performance horses. We want these horses, their trainers, and riders to be celebrated just like famous athletes in other sports. Everyone knows who Tom Brady is—we think they should also know about Stevie Rey Von and his offspring. This isn’t just about one horse. It’s about the sport, the tradition, and the opportunity to inspire the next generation of kids to fall in love with performance horses the way we have.”

Stevie Rey Von, by Metallic Cat out of Miss Ella Rey by Dual Rey, is the only living stallion in NCHA Open Futurity history to be an NCHA Open Futurity champion, sired by an NCHA Open Futurity champion, and to have sired and NCHA Open Futurity Champion. His foals have earned more than $19 million across Western performance disciplines. With his elite team still in place, and a bold vision for the future, the next chapter of Stevie Rey Von’s legacy is just beginning—and it’s never looked brighter.

Related:

 Stevie Rey Von Kisha Jason Itkin
Stevie Rey Von with Jason and Kisha Itkin | 12Gates Media

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