Innealta Capital, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Innealta Capital, LLC reported 126 stock positions worth $204.8 million. Its top holding was SS Financial Select Sector (XLF) at 10.5% of the portfolio, followed by JPMorgan Active Bond ETF (JBND, 9.4%) and JPMorgan Core Plus Bond ETF (JCPB, 6.0%). Compared with Q3 2024, it opened 17 new positions, sold out of 42, added to 31 and reduced 50. The biggest buy was SS Financial Select Sector (XLF, shares +60%) and the biggest sale JPMorgan Core Plus Bond ETF (JCPB, shares −35%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001752579
- Portfolio Value
- $204.8M (Q4 2024)
- SEC Filing
- 0001752579-25-000001 ↗ filed Feb 7, 2025
Holdings Value
Holdings 126 stocks · $204.8M
| XLF SS Financial Select Sector | 10.52% | 445,928 | $21.6M | Add +59.8% |
| JBND JPMorgan Active Bond ETF | 9.41% | 368,766 | $19.3M | Add +6.4% |
| JCPB JPMorgan Core Plus Bond ETF | 6.02% | 267,820 | $12.3M | Reduce -34.9% |
| XLI SS Industrial Select Sector | 5.61% | 87,147 | $11.5M | Add +69.6% |
| XLY SS Consumer Disc Select Sect | 4.79% | 43,684 | $9.8M | Add +156.0% |
| XLK SS Technology Select Sector | 3.53% | 31,077 | $7.2M | New |
| XLV SS Health Care Select Sector | 3.45% | 51,419 | $7.1M | Reduce -13.6% |
| FLJP Franklin Ftse Japan ETF | 3.07% | 219,458 | $6.3M | Reduce -33.9% |
| XLC SS Comm Select Sector SPDR | 2.94% | 62,158 | $6.0M | Reduce -50.7% |
| XLP SS Consumer Staples Sel Sect | 2.82% | 73,369 | $5.8M | Add +8.0% |
| FXI iShares China Large-Cap ETF | 2.43% | 163,571 | $5.0M | Add +75.2% |
| FLGB Franklin Ftse United Kingdom | 2.21% | 173,076 | $4.5M | Reduce -16.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.01% | 38,453 | $4.1M | Reduce -31.2% |
| FLCA Franklin Ftse Canada ETF | 1.97% | 110,073 | $4.0M | Reduce -0.0% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.74% | 47,170 | $3.6M | No change |
| XLE SS Energy Select Sector | 1.67% | 39,833 | $3.4M | Add +56.0% |
| FLIN Franklin Ftse India ETF | 1.63% | 87,822 | $3.3M | Reduce -25.7% |
| FLTW Franklin Ftse Taiwan ETF | 1.57% | 68,075 | $3.2M | Reduce -0.0% |
| FLSW Franklin Ftse Switzerland | 1.50% | 96,410 | $3.1M | No change |
| FLGR Franklin Ftse Germany ETF | 1.47% | 120,789 | $3.0M | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.43% | 14,798 | $2.9M | Reduce -54.4% |
| VTI VG Morningstar TS MKT ETF-US | 1.15% | 8,134 | $2.4M | Add +53.9% |
| FLCH Franklin Ftse China ETF | 1.10% | 122,989 | $2.3M | No change |
| EWQ iShares MSCI France ETF | 1.06% | 60,517 | $2.2M | Reduce -35.2% |
| VWO Vanguard Ftse Emerging Marke | 0.93% | 43,057 | $1.9M | Add +67.2% |
| BND Vanguard Total Bond Market | 0.92% | 26,277 | $1.9M | Reduce -47.7% |
| CSTNL iShares Core S&P 500 | 0.90% | 2,943 | $1.8M | Reduce -65.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.86% | 24,961 | $1.8M | Add +63.6% |
| XLRE SS Real Estate Select Sector | 0.85% | 42,705 | $1.7M | Reduce -69.9% |
| XLB SS Materials Select Sector | 0.82% | 19,953 | $1.7M | Add +52.9% |
| FLAU Franklin Ftse Australia ETF | 0.76% | 55,200 | $1.5M | No change |
| BBCA JPMorgan Betabuilders Canada | 0.73% | 21,255 | $1.5M | Add +53.0% |
| PDBC Invesco Optimum Yield Divers | 0.65% | 102,684 | $1.3M | Add +34.9% |
| VEA Vanguard Ftse Developed ETF | 0.64% | 27,295 | $1.3M | Add +80.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.59% | 23,444 | $1.2M | Add +58.4% |
| EMB iShares JP Morgan Usd Emergi | 0.58% | 13,265 | $1.2M | Add +68.0% |
| EWP iShares MSCI Spain ETF | 0.57% | 37,675 | $1.2M | Reduce -13.7% |
| EWS iShares MSCI Singapore ETF | 0.50% | 47,055 | $1.0M | Add +12.1% |
| EZA iShares MSCI South Africa Et | 0.48% | 23,312 | $977K | Add +0.1% |
| EWD iShares MSCI Sweden ETF | 0.47% | 25,938 | $968K | Reduce -43.8% |
| EWA iShares MSCI Australia ETF | 0.46% | 39,582 | $944K | Reduce -25.3% |
| EWN iShares MSCI Netherlands ETF | 0.42% | 19,521 | $868K | Reduce -59.0% |
| EWH iShares MSCI Hong Kong ETF | 0.41% | 50,558 | $842K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.40% | 1,410 | $826K | Add +6.8% |
| EWT iShares MSCI Taiwan ETF | 0.40% | 15,866 | $821K | Reduce -64.7% |
| IAGG iShares Intl Aggregate Bond | 0.40% | 16,434 | $820K | Reduce -8.9% |
| EWI iShares MSCI Italy ETF | 0.39% | 22,050 | $793K | Reduce -40.5% |
| AVUV Avantis US Small Cap Value | 0.39% | 8,216 | $793K | Add +69.8% |
| EDEN iShares MSCI Denmark ETF | 0.37% | 7,101 | $755K | Reduce -64.6% |
| GLD SPDR Gold Shares | 0.36% | 3,074 | $744K | New |
| IJH iShares Core S&P Midcap ETF | 0.35% | 11,388 | $710K | Add +69.0% |
| FLKR Franklin Ftse South Korea | 0.33% | 38,240 | $666K | Reduce -41.3% |
| DB Deutsche Bank AG-Registered | 0.32% | 38,284 | $653K | No change |
| FLOT iShares Floating Rate Bond E | 0.31% | 12,490 | $635K | Add +83.2% |
| ISAPF iShares Core Em Imi Acc | 0.29% | 17,319 | $591K | Reduce -76.8% |
| VNGLF Vang Ftse Eur Eura | 0.28% | 12,346 | $574K | Reduce -72.1% |
| FLBR Franklin Ftse Brazil ETF | 0.27% | 38,817 | $549K | Reduce -10.0% |
| ISHVF iShares US Agg BND Usd Acc | 0.26% | 99,545 | $534K | Reduce -74.1% |
| KSA Ishrs MSCI Saudi Arabia ETF | 0.23% | 11,769 | $481K | Add +70.3% |
| ISVAF iShares Nasdaq 100 Usd Acc | 0.22% | 377 | $455K | Reduce -15.7% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.19% | 7,457 | $386K | Reduce -16.4% |
| IVV iShares Core S&P 500 ETF | 0.19% | 648 | $381K | No change |
| JXN Jackson Financial Inc. Class A | 0.18% | 4,194 | $365K | No change |
| EWY iShares MSCI South Korea ETF | 0.18% | 7,171 | $365K | Reduce -36.1% |
| RWO State Street SPDR Dow Jones | 0.18% | 8,498 | $364K | New |
| PARAA Paramount Global Class B | 0.18% | 34,553 | $361K | Add +22.1% |
| DINO HF Sinclair Corp. | 0.17% | 10,133 | $355K | New |
| AD Array Digital Infrastructure filed as UNITED STATES CELLULAR CORP | 0.16% | 5,329 | $334K | No change |
| BFH Bread Financial Holdings Inc. | 0.16% | 5,386 | $329K | Add +15.5% |
| TMHC Taylor Morrison Home Corp. | 0.16% | 5,324 | $326K | Add +37.0% |
| TREASURY BILL (B 0 01/30/25) | 0.16% | 320,000 | $319K | New |
| RDN Radian Group Inc. | 0.15% | 9,902 | $314K | Add +67.9% |
| ALK Alaska Air Group Inc. | 0.15% | 4,841 | $313K | New |
| CIVI Civitas Resources Inc. | 0.14% | 6,459 | $296K | Add +49.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 562 | $287K | New |
| ISCMF Ish Divers Commod Swap ETF | 0.14% | 40,447 | $278K | Reduce -79.3% |
| GPI Group 1 Automotive Inc. | 0.13% | 633 | $267K | No change |
| ISHYF iShares Usd HY Corp. Usd Acc | 0.13% | 38,879 | $262K | Reduce -63.2% |
| LAD Lithia Motors Inc. | 0.13% | 731 | $261K | Reduce -28.6% |
| GNW Genworth Financial Inc. | 0.13% | 37,118 | $259K | Reduce -22.2% |
| MTG Mgic Investment Corp. | 0.13% | 10,917 | $259K | New |
| MTH Meritage Homes Corp. | 0.13% | 1,666 | $256K | No change |
| CHRD Chord Energy Corp. | 0.12% | 2,106 | $246K | New |
| R Ryder System Inc. | 0.12% | 1,567 | $246K | No change |
| ELAN Elanco Animal Health Inc. | 0.12% | 20,025 | $243K | Add +0.2% |
| MHK Mohawk Industries Inc. | 0.12% | 2,019 | $241K | New |
| BWA Borgwarner Inc. | 0.12% | 7,461 | $237K | No change |
| KBH KB Home | 0.12% | 3,588 | $236K | No change |
| ISVUF iShares Edge MSCI USA Value | 0.11% | 23,743 | $233K | Reduce -72.7% |
| BHF Brighthouse Financial Inc. | 0.11% | 4,804 | $231K | Reduce -0.1% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.11% | 4,762 | $230K | Reduce -25.6% |
| MUR Murphy Oil Corp. | 0.11% | 7,576 | $229K | Add +18.4% |
| DFAC Dimensional US Core Equity 2 | 0.11% | 6,452 | $223K | No change |
| ADT Adt Inc. | 0.11% | 32,138 | $222K | Reduce -11.7% |
| DNB Dun & Bradstreet Holdings Inc. | 0.11% | 17,577 | $219K | No change |
| PB Prosperity Bancshares Inc. | 0.11% | 2,904 | $219K | Reduce -16.7% |
| TREASURY BILL (B 0 03/20/25) | 0.11% | 218,000 | $216K | New |
| JBLU Jetblue Airways Corp. | 0.10% | 27,288 | $214K | Reduce -29.5% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 0.10% | 1,859 | $213K | No change |
| TDS Telephone and Data Systems | 0.10% | 6,121 | $209K | Reduce -45.9% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $739K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STRIPS (S 0 08/15/34) | US GOVERNMENT | 597,000 | $378K | No change |
| STRIPS (S 0 08/15/29) | US GOVERNMENT | 239,000 | $194K | No change |
| US TREASURY N/B (T 1.125 01/15/25) | FIX | 167,000 | $167K | No change |
Total filed on the 13F, all lines: $205.5M.
Portfolio Sells Q3 2024 → Q4 2024
| JCPB JPMorgan Core Plus Bond ETF | Reduce -34.9% | 6.02% | −2.08 |
| XLRE SS Real Estate Select Sector | Reduce -69.9% | 0.85% | −1.74 |
| XLC SS Comm Select Sector SPDR | Reduce -50.7% | 2.94% | −1.71 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Sold out | 0.00% | −1.65 |
| JAAA Janus Henderson Aaa Clo ETF | Sold out | 0.00% | −1.23 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -54.4% | 1.43% | −1.23 |
| CSTNL iShares Core S&P 500 | Reduce -65.3% | 0.90% | −1.20 |
| FLJP Franklin Ftse Japan ETF | Reduce -33.9% | 3.07% | −1.06 |
| EWU iShares MSCI United Kingdom | Sold out | 0.00% | −0.96 |
| ISAPF iShares Core Em Imi Acc | Reduce -76.8% | 0.29% | −0.84 |
| EDEN iShares MSCI Denmark ETF | Reduce -64.6% | 0.37% | −0.67 |
| VNGLF Vang Ftse Eur Eura | Reduce -72.1% | 0.28% | −0.65 |
| BND Vanguard Total Bond Market | Reduce -47.7% | 0.92% | −0.62 |
| ISHVF iShares US Agg BND Usd Acc | Reduce -74.1% | 0.26% | −0.61 |
| ISGAF iShares Core GLB Agg Usd-H A | Reduce -94.8% | 0.04% | −0.60 |
| EWT iShares MSCI Taiwan ETF | Reduce -64.7% | 0.40% | −0.59 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -31.2% | 2.01% | −0.57 |
| EWN iShares MSCI Netherlands ETF | Reduce -59.0% | 0.42% | −0.56 |
| EWQ iShares MSCI France ETF | Reduce -35.2% | 1.06% | −0.48 |
| ISCMF Ish Divers Commod Swap ETF | Reduce -79.3% | 0.14% | −0.42 |
| ISJPF iShares JPM Usd Em BND Usd A | Reduce -83.2% | 0.10% | −0.40 |
| FLIN Franklin Ftse India ETF | Reduce -25.7% | 1.63% | −0.40 |
| IHREF iShares Core MSCI Japan | Sold out | 0.00% | −0.37 |
| EWD iShares MSCI Sweden ETF | Reduce -43.8% | 0.47% | −0.35 |
| EWL iShares MSCI Switzerland ETF | Sold out | 0.00% | −0.32 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.32 |
| ISHUF iShares US Treas 0-1YR Usd A | Sold out | 0.00% | −0.30 |
| XLV SS Health Care Select Sector | Reduce -13.6% | 3.45% | −0.29 |
| ZPRVF SS SPD MSCI US SCVW Uc ETF-U | Sold out | 0.00% | −0.24 |
| ISVUF iShares Edge MSCI USA Value | Reduce -72.7% | 0.11% | −0.24 |
| FLKR Franklin Ftse South Korea | Reduce -41.3% | 0.33% | −0.24 |
| ISVQF iShares Usd Short Dur Usd A | Sold out | 0.00% | −0.21 |
| EWI iShares MSCI Italy ETF | Reduce -40.5% | 0.39% | −0.20 |
| KBE SS SPDR S&P Bank ETF | Sold out | 0.00% | −0.20 |
| FLGB Franklin Ftse United Kingdom | Reduce -16.3% | 2.21% | −0.20 |
| EWG iShares MSCI Germany ETF | Sold out | 0.00% | −0.17 |
| ISMJF iShares Core MSCI Pacif X-JP | Sold out | 0.00% | −0.17 |
| ISHYF iShares Usd HY Corp. Usd Acc | Reduce -63.2% | 0.13% | −0.16 |
| IVSRF Ish Usd Float Bond Usd Acc | Sold out | 0.00% | −0.16 |
| TREASURY BILL (B 0 12/05/24) | Sold out | 0.00% | −0.16 |
| SSEUF SS SPDR Russell 2000 US Smal | Sold out | 0.00% | −0.16 |
| TREASURY BILL (B 0 10/31/24) | Sold out | 0.00% | −0.13 |
| EWA iShares MSCI Australia ETF | Reduce -25.3% | 0.46% | −0.12 |
| IEI iShares 3-7 Year Treasury Bo | Sold out | 0.00% | −0.12 |
| ISZXF iShares Usd Treasury 3-7YR | Sold out | 0.00% | −0.12 |
| ISVIF iShares Usd Tres Bond 7-10Y | Sold out | 0.00% | −0.12 |
| EWY iShares MSCI South Korea ETF | Reduce -36.1% | 0.18% | −0.11 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.11 |
| WCC Wesco International Inc. | Sold out | 0.00% | −0.11 |
| MDU Mdu Resources Group Inc. | Sold out | 0.00% | −0.10 |
Portfolio Buys Q3 2024 → Q4 2024
| XLF SS Financial Select Sector | Add +59.8% | 10.52% | +5.36 |
| XLK SS Technology Select Sector | New | 3.53% | +3.53 |
| XLY SS Consumer Disc Select Sect | Add +156.0% | 4.79% | +3.39 |
| XLI SS Industrial Select Sector | Add +69.6% | 5.61% | +2.77 |
| JBND JPMorgan Active Bond ETF | Add +6.4% | 9.41% | +1.68 |
| FXI iShares China Large-Cap ETF | Add +75.2% | 2.43% | +1.22 |
| XLE SS Energy Select Sector | Add +56.0% | 1.67% | +0.75 |
| VTI VG Morningstar TS MKT ETF-US | Add +53.9% | 1.15% | +0.54 |
| XLP SS Consumer Staples Sel Sect | Add +8.0% | 2.82% | +0.52 |
| VWO Vanguard Ftse Emerging Marke | Add +67.2% | 0.93% | +0.42 |
| EWH iShares MSCI Hong Kong ETF | New | 0.41% | +0.41 |
| IEFA iShares Core MSCI Eafe ETF | Add +63.6% | 0.86% | +0.37 |
| GLD SPDR Gold Shares | New | 0.36% | +0.36 |
| BBCA JPMorgan Betabuilders Canada | Add +53.0% | 0.73% | +0.32 |
| VEA Vanguard Ftse Developed ETF | Add +80.7% | 0.64% | +0.31 |
| XLB SS Materials Select Sector | Add +52.9% | 0.82% | +0.31 |
| EMB iShares JP Morgan Usd Emergi | Add +68.0% | 0.58% | +0.28 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +58.4% | 0.59% | +0.27 |
| PDBC Invesco Optimum Yield Divers | Add +34.9% | 0.65% | +0.23 |
| AVUV Avantis US Small Cap Value | Add +69.8% | 0.39% | +0.20 |
| RWO State Street SPDR Dow Jones | New | 0.18% | +0.18 |
| IJH iShares Core S&P Midcap ETF | Add +69.0% | 0.35% | +0.18 |
| DINO HF Sinclair Corp. | New | 0.17% | +0.17 |
| FLOT iShares Floating Rate Bond E | Add +83.2% | 0.31% | +0.17 |
| TREASURY BILL (B 0 01/30/25) | New | 0.16% | +0.16 |
| ALK Alaska Air Group Inc. | New | 0.15% | +0.15 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.14% | +0.14 |
| MTG Mgic Investment Corp. | New | 0.13% | +0.13 |
| EWS iShares MSCI Singapore ETF | Add +12.1% | 0.50% | +0.12 |
| CHRD Chord Energy Corp. | New | 0.12% | +0.12 |
| MHK Mohawk Industries Inc. | New | 0.12% | +0.12 |
| KSA Ishrs MSCI Saudi Arabia ETF | Add +70.3% | 0.23% | +0.11 |
| TREASURY BILL (B 0 03/20/25) | New | 0.11% | +0.11 |
| ABG Asbury Automotive Group | New | 0.10% | +0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +6.8% | 0.40% | +0.09 |
| CRGY Crescent Energy Inc. Class A | New | 0.07% | +0.07 |
| BFH Bread Financial Holdings Inc. | Add +15.5% | 0.16% | +0.07 |
| RDN Radian Group Inc. | Add +67.9% | 0.15% | +0.07 |
| CIVI Civitas Resources Inc. | Add +49.4% | 0.14% | +0.06 |
| PARAA Paramount Global Class B | Add +22.1% | 0.18% | +0.05 |
| TMHC Taylor Morrison Home Corp. | Add +37.0% | 0.16% | +0.05 |
| UAA Under Armour Inc. Class A | New | 0.04% | +0.04 |
| TREASURY BILL (B 0 03/06/25) | New | 0.03% | +0.03 |
| HL Hecla Mining Co. | New | 0.03% | +0.03 |
| MUR Murphy Oil Corp. | Add +18.4% | 0.11% | +0.02 |
| CZR Caesars Entertainment Inc. | Add +11.0% | 0.10% | +0.01 |
| ELAN Elanco Animal Health Inc. | Add +0.2% | 0.12% | −0.00 |
| EZA iShares MSCI South Africa Et | Add +0.1% | 0.48% | −0.00 |
Notes & Other Activity Q3 2024 → Q4 2024
| US TREASURY N/B (T 2.875 05/31/25) | FIX | Sold out | 510,000 | $505Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 91 | $187.4M | XLC, XLK, XLI, BIL, XLF |
| Q1 2026 | 75 | $161.0M | XLC, XLK, XLI, XLE, XLF |
| Q4 2025 | 85 | $184.7M | XLK, XLC, XLF, XLI, XLV |
| Q3 2025 | 107 | $200.1M | XLK, XLC, XLF, XLI, XLY |
| Q2 2025 | 104 | $189.6M | XLK, XLF, XLC, XLV, XLY |
| Q1 2025 | 112 | $182.9M | JBND, XLF, XLK, FLJP, XLE |
| Q4 2024 | 126 | $204.8M | XLF, JBND, JCPB, XLI, XLY |
| Q3 2024 | 151 | $245.1M | JCPB, JBND, XLF, XLC, FLJP |
| Q2 2024 | 1,833 | $301.2M | XLK, JCPB, VGIT, XLF, FLJP |
| Q1 2024 | 108 | $236.7M | XLK, XLF, SPTL, XLY, FLJP |