Innealta Capital, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 16, 2024), Innealta Capital, LLC reported 108 stock positions worth $236.7 million. Its top holding was SS Technology Select Sector (XLK) at 8.4% of the portfolio, followed by SS Financial Select Sector (XLF, 7.5%) and SS SPDR PF LNG TRM TSY E-Usd (SPTL, 4.5%). Compared with Q4 2023, it opened 24 new positions, sold out of 10, added to 27 and reduced 36. The biggest buy was a new position in Vanguard Intermediate-Term T (VGIT) and the biggest sale SS SPDR PF LNG TRM TSY E-Usd (SPTL, shares −54%).

Most Recent 13F
Q2 2026
Location
AUSTIN, TX
CIK
0001752579
Portfolio Value
$236.7M (Q1 2024)
SEC Filing
0001420506-24-001009 ↗ filed May 16, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $236.7M $236.7M Q1 2024 Q2 2024: $301.2M Q2 2024 Q3 2024: $245.1M Q3 2024 Q4 2024: $204.8M Q4 2024 Q1 2025: $182.9M Q1 2025 Q2 2025: $189.6M Q2 2025 Q3 2025: $200.1M Q3 2025 Q4 2025: $184.7M Q4 2025 Q1 2026: $161.0M Q1 2026 Q2 2026: $187.4M Q2 2026

Holdings 108 stocks · $236.7M
XLK SS Technology Select Sector 8.42% 95,685 $19.9M Add +0.0%
XLF SS Financial Select Sector 7.46% 419,225 $17.7M Add +0.0%
SPTL SS SPDR PF LNG TRM TSY E-Usd 4.49% 380,738 $10.6M Reduce -54.0%
XLY SS Consumer Disc Select Sect 4.12% 52,994 $9.7M Reduce -0.0%
FLJP Franklin Ftse Japan ETF 3.90% 297,855 $9.2M Add +30.1%
VGIT Vanguard Intermediate-Term T 3.73% 150,646 $8.8M New
XLV SS Health Care Select Sector 3.69% 59,135 $8.7M Add +0.0%
XLE SS Energy Select Sector 3.42% 85,818 $8.1M Reduce -0.0%
BND Vanguard Total Bond Market 3.20% 104,405 $7.6M Add +105.5%
FLGB Franklin Ftse United Kingdom 2.88% 261,128 $6.8M Add +96.4%
EWQ iShares MSCI France ETF 2.83% 161,880 $6.7M Reduce 0.0%
VBR Vngrd Mrngst SL-CP Val ETF-U 2.63% 32,462 $6.2M Add +0.0%
XLC SS Comm Select Sector SPDR 2.53% 73,227 $6.0M Reduce -0.0%
XLP SS Consumer Staples Sel Sect 2.40% 74,339 $5.7M Reduce -0.0%
FLSW Franklin Ftse Switzerland 2.23% 160,500 $5.3M No change
XLI SS Industrial Select Sector 2.16% 40,634 $5.1M Reduce -0.1%
BBJP JPMorgan Betabuilders Japan 2.05% 82,709 $4.8M New
BBCA JPMorgan Betabuilders Canada 1.88% 66,641 $4.5M No change
FLCA Franklin Ftse Canada ETF 1.61% 110,088 $3.8M Reduce 0.0%
EWG iShares MSCI Germany ETF 1.44% 107,022 $3.4M Reduce -0.1%
JCPB JPMorgan Core Plus Bond ETF 1.32% 66,982 $3.1M New
FXI iShares China Large-Cap ETF 1.31% 128,461 $3.1M Reduce -27.3%
INDA iShares MSCI India ETF 1.28% 58,930 $3.0M Add +21.5%
FLGR Franklin Ftse Germany ETF 1.27% 120,789 $3.0M No change
FLTW Franklin Ftse Taiwan ETF 1.26% 68,080 $3.0M Reduce 0.0%
EWU iShares MSCI United Kingdom 1.23% 84,897 $2.9M Reduce -53.5%
XLRE SS Real Estate Select Sector 1.22% 73,296 $2.9M Add +0.1%
EWL iShares MSCI Switzerland ETF 1.22% 60,730 $2.9M Reduce -0.0%
EWN iShares MSCI Netherlands ETF 1.09% 52,166 $2.6M Add +0.1%
XLB SS Materials Select Sector 1.02% 25,923 $2.4M Reduce -0.0%
FLIN Franklin Ftse India ETF 0.95% 60,983 $2.2M Add +0.1%
EWY iShares MSCI South Korea ETF 0.95% 33,478 $2.2M No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.91% 32,681 $2.1M Add +0.0%
EWT iShares MSCI Taiwan ETF 0.85% 41,370 $2.0M No change
FLBR Franklin Ftse Brazil ETF 0.83% 100,864 $2.0M Add +0.0%
FLCH Franklin Ftse China ETF 0.82% 122,989 $1.9M No change
EWI iShares MSCI Italy ETF 0.81% 50,804 $1.9M Reduce -0.0%
EWD iShares MSCI Sweden ETF 0.72% 42,558 $1.7M No change
FLAU Franklin Ftse Australia ETF 0.67% 55,200 $1.6M No change
EWP iShares MSCI Spain ETF 0.65% 47,860 $1.5M No change
FLKR Franklin Ftse South Korea 0.64% 65,082 $1.5M Reduce 0.0%
IEFA iShares Core MSCI Eafe ETF 0.58% 18,437 $1.4M Reduce -10.9%
EWA iShares MSCI Australia ETF 0.57% 55,073 $1.4M Add +0.1%
VTI VG Morningstar TS MKT ETF-US 0.57% 5,216 $1.4M Reduce -8.2%
VWO Vanguard Ftse Emerging Marke 0.49% 27,571 $1.2M Reduce -11.0%
PDBC Invesco Optimum Yield Divers 0.46% 78,517 $1.1M Reduce -10.4%
FLHK Franklin Ftse Hong Kong ETF 0.45% 64,394 $1.1M No change
EWZ iShares MSCI Brazil ETF 0.45% 32,798 $1.1M No change
KSA Ishrs MSCI Saudi Arabia ETF 0.42% 22,374 $988K No change
EWW iShares MSCI Mexico ETF 0.40% 13,634 $945K Add +0.0%
EZA iShares MSCI South Africa Et 0.38% 23,112 $905K No change
SPYV SS SPDR P S&P 500 Value ETF 0.36% 16,981 $851K Reduce -12.8%
EWS iShares MSCI Singapore ETF 0.35% 45,545 $836K No change
VEA Vanguard Ftse Developed ETF 0.35% 16,295 $818K Reduce -8.4%
VGLT Vanguard Long-Term Treasury 0.34% 13,604 $806K Reduce -6.3%
EFA iShares MSCI Eafe ETF 0.29% 8,644 $690K Reduce -3.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.26% 1,189 $622K Add +1.7%
EDEN iShares MSCI Denmark ETF 0.24% 4,721 $577K Add +0.2%
IAGG iShares Intl Aggregate Bond 0.22% 10,514 $525K Reduce -1.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.20% 4,329 $472K Reduce -12.5%
IJH iShares Core S&P Midcap ETF 0.20% 7,689 $467K Reduce -12.1%
IJR iShares Core S&P Small-Cap E 0.19% 4,065 $449K Reduce -5.1%
KBE SS SPDR S&P Bank ETF 0.18% 9,075 $427K No change
EIDO iShares MSCI Indonesia ETF 0.18% 18,550 $418K No change
IVV iShares Core S&P 500 ETF 0.17% 751 $395K No change
SWN Southwestern Energy Co. 0.16% 51,486 $390K Add +33.3%
LNC Lincoln National Corp. 0.15% 11,395 $364K New
EMB iShares JP Morgan Usd Emergi 0.14% 3,601 $323K Reduce -1.3%
MUR Murphy Oil Corp. 0.13% 6,954 $318K Reduce -0.5%
GNW Genworth Financial Inc. 0.13% 48,860 $314K Add +25.4%
OSK Oshkosh Corp. 0.13% 2,507 $313K Add +26.4%
MTH Meritage Homes Corp. 0.13% 1,731 $304K Add +26.5%
BHF Brighthouse Financial Inc. 0.12% 5,703 $294K New
CIVI Civitas Resources Inc. 0.12% 3,847 $292K Add +13.3%
ARW Arrow Electronics Inc. 0.11% 2,090 $271K Add +11.7%
IEI iShares 3-7 Year Treasury Bo 0.11% 2,335 $270K Reduce -11.4%
BWA Borgwarner Inc. 0.11% 7,301 $254K New
KSS Kohls Corp. 0.10% 8,385 $244K Reduce -0.0%
EWM iShares MSCI Malaysia ETF 0.10% 11,152 $243K No change
CIEN Ciena Corp. 0.10% 4,891 $242K New
MHK Mohawk Industries Inc. 0.10% 1,822 $238K New
TMHC Taylor Morrison Home Corp. 0.10% 3,709 $231K Reduce -2.3%
AVT Avnet Inc. 0.10% 4,591 $228K New
KBH KB Home 0.09% 3,090 $219K New
MTG Mgic Investment Corp. 0.09% 9,624 $215K Reduce -27.9%
GT Goodyear Tire & Rubber Co. 0.09% 15,261 $210K Add +12.2%
VNQI Vanguard GLBL Ex-US Real Est 0.09% 4,952 $209K Reduce -2.1%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.09% 4,045 $208K New
ADT Adt Inc. 0.09% 30,780 $207K Add +147.2%
DCOR Dimensional US Core Eq 1 ETF 0.09% 3,460 $203K New
FNB FNB Corp. 0.09% 14,388 $203K New
VGK Vanguard Ftse Europe ETF 0.09% 3,000 $202K New
RDN Radian Group Inc. 0.09% 6,019 $201K Reduce -29.2%
AMKR Amkor Technology Inc. 0.09% 6,240 $201K New
NMRK Newmark Group Inc. Class A 0.06% 12,353 $137K New
ALLIED GAMING & ENTRTNMNT IN 0.05% 117,582 $119K Add +100.0%
DNB Dun & Bradstreet Holdings Inc. 0.05% 11,214 $113K New
UAA Under Armour Inc. Class A 0.04% 14,238 $105K Add +24.7%
HOUS Anywhere Real Estate Inc. 0.04% 16,750 $104K New
ADV Advantage Solutions Inc. 0.04% 22,299 $97K New
GDRX Goodrx Holdings Inc. Class A 0.04% 13,555 $96K No change
JBLU Jetblue Airways Corp. 0.04% 11,268 $84K New
GTN Gray Media Inc. filed as GRAY TELEVISION INC 0.03% 11,670 $74K New
ACCO Acco Brands Corp. 0.03% 11,520 $65K New
CONSOLIDATED COMM HLDGS INC 0.02% 12,307 $53K New
CNDT Conduent Inc. 0.02% 12,178 $41K No change
RBBN Ribbon Communications Inc. 0.01% 10,004 $32K New
GPRO Gopro Inc. Class A 0.01% 10,813 $24K No change

Portfolio Sells Q4 2023 → Q1 2024
SPTL SS SPDR PF LNG TRM TSY E-Usd Reduce -54.0% 4.49% −6.29
EWJ iShares MSCI Japan ETF Sold out 0.00% −2.61
EWU iShares MSCI United Kingdom Reduce -53.5% 1.23% −1.48
FXI iShares China Large-Cap ETF Reduce -27.3% 1.31% −0.60
BBEU JPMorgan Betabuilders Europe Sold out 0.00% −0.46
DB Deutsche Bank AG-Registered Sold out 0.00% −0.23
PBF PBF Energy Inc. Class A Sold out 0.00% −0.14
XLY SS Consumer Disc Select Sect Reduce -0.0% 4.12% −0.14
X United States Steel Corp. Sold out 0.00% −0.12
COOP Mr Cooper Group Inc. Sold out 0.00% −0.11
THD iShares MSCI Thailand ETF Sold out 0.00% −0.10
EWL iShares MSCI Switzerland ETF Reduce -0.0% 1.22% −0.09
ELAN Elanco Animal Health Inc. Sold out 0.00% −0.09
VWO Vanguard Ftse Emerging Marke Reduce -11.0% 0.49% −0.08
CALY Callaway Golf Company Sold out 0.00% −0.08
OBDC Blue Owl Capital Corp. Sold out 0.00% −0.08
IEFA iShares Core MSCI Eafe ETF Reduce -10.9% 0.58% −0.08
PDBC Invesco Optimum Yield Divers Reduce -10.4% 0.46% −0.06
VGLT Vanguard Long-Term Treasury Reduce -6.3% 0.34% −0.06
SPYV SS SPDR P S&P 500 Value ETF Reduce -12.8% 0.36% −0.05
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -12.5% 0.20% −0.05
VEA Vanguard Ftse Developed ETF Reduce -8.4% 0.35% −0.04
VTI VG Morningstar TS MKT ETF-US Reduce -8.2% 0.57% −0.03
FLCA Franklin Ftse Canada ETF Reduce 0.0% 1.61% −0.03
MTG Mgic Investment Corp. Reduce -27.9% 0.09% −0.02
IEI iShares 3-7 Year Treasury Bo Reduce -11.4% 0.11% −0.02
RDN Radian Group Inc. Reduce -29.2% 0.09% −0.02
IJH iShares Core S&P Midcap ETF Reduce -12.1% 0.20% −0.02
FLKR Franklin Ftse South Korea Reduce 0.0% 0.64% −0.02
IJR iShares Core S&P Small-Cap E Reduce -5.1% 0.19% −0.02
IAGG iShares Intl Aggregate Bond Reduce -1.5% 0.22% −0.02
EWQ iShares MSCI France ETF Reduce 0.0% 2.83% −0.01
EFA iShares MSCI Eafe ETF Reduce -3.6% 0.29% −0.01
EMB iShares JP Morgan Usd Emergi Reduce -1.3% 0.14% −0.01
VNQI Vanguard GLBL Ex-US Real Est Reduce -2.1% 0.09% −0.01
XLP SS Consumer Staples Sel Sect Reduce -0.0% 2.40% −0.00
KSS Kohls Corp. Reduce -0.0% 0.10% −0.00
FLTW Franklin Ftse Taiwan ETF Reduce 0.0% 1.26% −0.00
MUR Murphy Oil Corp. Reduce -0.5% 0.13% +0.00
TMHC Taylor Morrison Home Corp. Reduce -2.3% 0.10% +0.01
EWG iShares MSCI Germany ETF Reduce -0.1% 1.44% +0.01
XLB SS Materials Select Sector Reduce -0.0% 1.02% +0.02
EWI iShares MSCI Italy ETF Reduce -0.0% 0.81% +0.04
XLI SS Industrial Select Sector Reduce -0.1% 2.16% +0.08
XLC SS Comm Select Sector SPDR Reduce -0.0% 2.53% +0.14
XLE SS Energy Select Sector Reduce -0.0% 3.42% +0.19

Portfolio Buys Q4 2023 → Q1 2024
VGIT Vanguard Intermediate-Term T New 3.73% +3.73
BBJP JPMorgan Betabuilders Japan New 2.05% +2.05
BND Vanguard Total Bond Market Add +105.5% 3.20% +1.53
FLGB Franklin Ftse United Kingdom Add +96.4% 2.88% +1.38
JCPB JPMorgan Core Plus Bond ETF New 1.32% +1.32
FLJP Franklin Ftse Japan ETF Add +30.1% 3.90% +1.03
XLF SS Financial Select Sector Add +0.0% 7.46% +0.39
INDA iShares MSCI India ETF Add +21.5% 1.28% +0.22
XLK SS Technology Select Sector Add +0.0% 8.42% +0.16
LNC Lincoln National Corp. New 0.15% +0.15
BHF Brighthouse Financial Inc. New 0.12% +0.12
BWA Borgwarner Inc. New 0.11% +0.11
CIEN Ciena Corp. New 0.10% +0.10
MHK Mohawk Industries Inc. New 0.10% +0.10
AVT Avnet Inc. New 0.10% +0.10
KBH KB Home New 0.09% +0.09
AL Sumisho Air Lease Corp. New 0.09% +0.09
DCOR Dimensional US Core Eq 1 ETF New 0.09% +0.09
FNB FNB Corp. New 0.09% +0.09
VGK Vanguard Ftse Europe ETF New 0.09% +0.09
AMKR Amkor Technology Inc. New 0.09% +0.09
XLV SS Health Care Select Sector Add +0.0% 3.69% +0.07
NMRK Newmark Group Inc. Class A New 0.06% +0.06
SWN Southwestern Energy Co. Add +33.3% 0.16% +0.05
ADT Adt Inc. Add +147.2% 0.09% +0.05
DNB Dun & Bradstreet Holdings Inc. New 0.05% +0.05
EWN iShares MSCI Netherlands ETF Add +0.1% 1.09% +0.05
HOUS Anywhere Real Estate Inc. New 0.04% +0.04
ADV Advantage Solutions Inc. New 0.04% +0.04
OSK Oshkosh Corp. Add +26.4% 0.13% +0.04
JBLU Jetblue Airways Corp. New 0.04% +0.04
GTN Gray Media Inc. New 0.03% +0.03
ACCO Acco Brands Corp. New 0.03% +0.03
CONSOLIDATED COMM HLDGS INC New 0.02% +0.02
ALLIED GAMING & ENTRTNMNT IN Add +100.0% 0.05% +0.02
MTH Meritage Homes Corp. Add +26.5% 0.13% +0.02
CIVI Civitas Resources Inc. Add +13.3% 0.12% +0.02
GNW Genworth Financial Inc. Add +25.4% 0.13% +0.02
RBBN Ribbon Communications Inc. New 0.01% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +1.7% 0.26% +0.01
ARW Arrow Electronics Inc. Add +11.7% 0.11% +0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Add +0.0% 2.63% +0.01
EDEN iShares MSCI Denmark ETF Add +0.2% 0.24% +0.01
GT Goodyear Tire & Rubber Co. Add +12.2% 0.09% +0.00
UAA Under Armour Inc. Class A Add +24.7% 0.04% −0.00
FLIN Franklin Ftse India ETF Add +0.1% 0.95% −0.00
EWW iShares MSCI Mexico ETF Add +0.0% 0.40% −0.02
XLU St Sr Utl SL SE SPDR ETF-Usd Add +0.0% 0.91% −0.02
EWA iShares MSCI Australia ETF Add +0.1% 0.57% −0.03
XLRE SS Real Estate Select Sector Add +0.1% 1.22% −0.09

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 91$187.4MXLC, XLK, XLI, BIL, XLF
Q1 2026 75$161.0MXLC, XLK, XLI, XLE, XLF
Q4 2025 85$184.7MXLK, XLC, XLF, XLI, XLV
Q3 2025 107$200.1MXLK, XLC, XLF, XLI, XLY
Q2 2025 104$189.6MXLK, XLF, XLC, XLV, XLY
Q1 2025 112$182.9MJBND, XLF, XLK, FLJP, XLE
Q4 2024 126$204.8MXLF, JBND, JCPB, XLI, XLY
Q3 2024 151$245.1MJCPB, JBND, XLF, XLC, FLJP
Q2 2024 1,833$301.2MXLK, JCPB, VGIT, XLF, FLJP
Q1 2024 108$236.7MXLK, XLF, SPTL, XLY, FLJP