Innealta Capital, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Innealta Capital, LLC reported 107 stock positions worth $200.1 million. Its top holding was SS Technology Select Sector (XLK) at 10.6% of the portfolio, followed by SS Comm Select Sector SPDR (XLC, 8.9%) and SS Financial Select Sector (XLF, 7.8%). Compared with Q2 2025, it opened 21 new positions, sold out of 18, added to 16 and reduced 42. The biggest buy was SS Industrial Select Sector (XLI, shares +154%) and the biggest sale SS Financial Select Sector (XLF, shares −33%).

Most Recent 13F
Q2 2026
Location
AUSTIN, TX
CIK
0001752579
Portfolio Value
$200.1M (Q3 2025)
SEC Filing
0001752579-25-000007 ↗ filed Nov 3, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $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 $200.1M Q3 2025 Q4 2025: $184.7M Q4 2025 Q1 2026: $161.0M Q1 2026 Q2 2026: $187.4M Q2 2026

Holdings 107 stocks · $200.1M
XLK SS Technology Select Sector 10.61% 75,308 $21.2M Reduce -22.9%
XLC SS Comm Select Sector SPDR 8.93% 150,964 $17.9M Add +30.2%
XLF SS Financial Select Sector 7.77% 288,737 $15.6M Reduce -33.2%
XLI SS Industrial Select Sector 6.58% 85,405 $13.2M Add +154.2%
XLY SS Consumer Disc Select Sect 4.75% 39,629 $9.5M Add +14.2%
XLV SS Health Care Select Sector 4.65% 66,870 $9.3M Reduce -7.6%
FLJP Franklin Ftse Japan ETF 3.56% 205,890 $7.1M Reduce -6.4%
XLU St Sr Utl SL SE SPDR ETF-Usd 3.32% 76,209 $6.6M New
XLP SS Consumer Staples Sel Sect 2.67% 68,260 $5.3M Add +6.3%
VTI VG Morningstar TS MKT ETF-US 2.63% 16,028 $5.3M Add +6.1%
FLGB Franklin Ftse United Kingdom 2.35% 145,576 $4.7M Add +0.6%
VEA Vanguard Ftse Developed ETF 2.10% 70,095 $4.2M Reduce -5.9%
FLGR Franklin Ftse Germany ETF 1.99% 120,789 $4.0M No change
IWP iShares Russell Mid-Cap Grow 1.98% 27,823 $4.0M Add +80.2%
FLCA Franklin Ftse Canada ETF 1.63% 71,991 $3.3M Reduce -0.0%
FLCH Franklin Ftse China ETF 1.60% 122,989 $3.2M No change
EWP iShares MSCI Spain ETF 1.39% 56,064 $2.8M Add +3.1%
EWQ iShares MSCI France ETF 1.33% 60,778 $2.7M Reduce -28.3%
FLIN Franklin Ftse India ETF 1.26% 67,795 $2.5M Add +0.0%
EWI iShares MSCI Italy ETF 1.26% 48,525 $2.5M Reduce -4.1%
FLSW Franklin Ftse Switzerland 1.24% 64,924 $2.5M Reduce -1.1%
SPYV SS SPDR P S&P 500 Value ETF 1.24% 44,799 $2.5M Reduce -5.1%
JBND JPMorgan Active Bond ETF 1.20% 44,378 $2.4M Reduce -0.5%
EWY iShares MSCI South Korea ETF 1.19% 29,697 $2.4M Add +8.4%
FLTW Franklin Ftse Taiwan ETF 1.09% 37,052 $2.2M Reduce -0.0%
VWO Vanguard Ftse Emerging Marke 1.06% 39,319 $2.1M Add +32.8%
EWW iShares MSCI Mexico ETF 0.96% 28,184 $1.9M Add +36.9%
FXI iShares China Large-Cap ETF 0.89% 43,304 $1.8M Reduce -16.1%
FLAU Franklin Ftse Australia ETF 0.88% 55,032 $1.8M No change
BND Vanguard Total Bond Market 0.79% 21,225 $1.6M Reduce -17.4%
EWS iShares MSCI Singapore ETF 0.75% 53,010 $1.5M Reduce -24.9%
GLD SPDR Gold Shares 0.72% 4,028 $1.4M Reduce -4.6%
VT Vanguard Tot World STK ETF 0.71% 10,380 $1.4M New
EZA iShares MSCI South Africa Et 0.69% 21,697 $1.4M Add +138.7%
XLRE SS Real Estate Select Sector 0.69% 32,690 $1.4M Reduce -35.2%
JPIB JPMorgan Intl BND ETF 0.69% 28,007 $1.4M New
EWH iShares MSCI Hong Kong ETF 0.66% 61,070 $1.3M Add +109.9%
EWN iShares MSCI Netherlands ETF 0.62% 21,287 $1.2M Reduce -9.9%
XLE SS Energy Select Sector 0.57% 12,713 $1.1M Reduce -6.7%
CSTNL iShares Core S&P 500 0.51% 1,444 $1.0M No change
IJH iShares Core S&P Midcap ETF 0.51% 15,502 $1.0M Reduce -7.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.48% 8,685 $968K Reduce -0.8%
FLKR Franklin Ftse South Korea 0.47% 35,046 $946K Reduce -0.1%
EWD iShares MSCI Sweden ETF 0.46% 19,682 $929K Reduce -32.3%
ECH iShares MSCI Chile ETF 0.36% 21,867 $721K Reduce -49.3%
EMB iShares JP Morgan Usd Emergi 0.28% 5,799 $552K Reduce -2.1%
ISVAF iShares Nasdaq 100 Usd Acc 0.27% 377 $531K New
EWT iShares MSCI Taiwan ETF 0.26% 8,120 $517K Reduce -11.6%
BBCA JPMorgan Betabuilders Canada 0.25% 5,760 $502K Add +0.4%
FLBR Franklin Ftse Brazil ETF 0.23% 24,308 $463K Reduce -9.1%
PSKY Paramount Skydance Class B 0.21% 22,451 $425K New
EDEN iShares MSCI Denmark ETF 0.20% 3,750 $409K Add +19.5%
RWO State Street SPDR Dow Jones 0.19% 8,408 $385K Reduce -4.8%
JXN Jackson Financial Inc. Class A 0.19% 3,785 $383K No change
ECHO Echostar Corp. Class A 0.19% 5,003 $382K Reduce -53.1%
BOXX Alpha Architect 1-3 MNTH Box 0.19% 3,284 $374K Reduce -52.7%
EXEL Exelixis Inc. 0.18% 8,589 $355K New
EPU iShares MSCI Peru and Global 0.18% 5,767 $355K New
LNC Lincoln National Corp. 0.18% 8,698 $351K No change
ISCMF Ish Divers Commod Swap ETF 0.15% 40,447 $305K No change
GNW Genworth Financial Inc. 0.15% 34,270 $305K Reduce -7.7%
ORI Old Republic Intl Corp. 0.15% 7,002 $297K Reduce -1.4%
BWA Borgwarner Inc. 0.15% 6,763 $297K Reduce -9.2%
VNGLF Vang Ftse Eur Eura 0.15% 4,936 $294K New
RDN Radian Group Inc. 0.15% 8,071 $292K Reduce -9.5%
MTG Mgic Investment Corp. 0.15% 10,276 $292K Reduce -5.7%
REZI Resideo Technologies Inc. 0.15% 6,746 $291K New
FYBR Frontier Communications Pare 0.15% 7,774 $290K New
ADT Adt Inc. 0.14% 32,138 $280K No change
EIDO iShares MSCI Indonesia ETF 0.14% 15,912 $279K New
ISAPF iShares Core Em Imi Acc 0.14% 6,411 $277K No change
AXS Axis Capital Holdings Ltd. 0.13% 2,816 $270K No change
LYFT LYFT Inc. Class A 0.13% 11,830 $260K New
SIRI Sirius XM Holdings Inc. 0.13% 11,023 $257K Reduce -17.2%
MOS The Mosaic Co. 0.13% 7,275 $252K New
ISHVF iShares US Agg BND Usd Acc 0.13% 44,250 $251K No change
DFAC Dimensional US Core Equity 2 0.12% 6,452 $249K No change
DOX Amdocs Ltd. 0.12% 2,910 $239K New
BHF Brighthouse Financial Inc. 0.12% 4,494 $239K New
UNFI United Natural Foods Inc. 0.12% 6,185 $233K New
KD Kyndryl Holdings Inc. 0.11% 7,505 $225K No change
APA Apa Corp. 0.11% 9,277 $225K Reduce -28.2%
TAP Molson Coors Beverage Co. Class B 0.11% 4,967 $225K New
ESNT Essent Group Ltd. 0.11% 3,501 $223K New
LAD Lithia Motors Inc. 0.11% 703 $222K No change
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.11% 3,453 $220K No change
EWM iShares MSCI Malaysia ETF 0.11% 8,431 $219K No change
TDS Telephone and Data Systems 0.11% 5,551 $218K Reduce -9.3%
ALV Autoliv Inc. 0.11% 1,730 $214K New
TMHC Taylor Morrison Home Corp. 0.10% 3,159 $209K Reduce -34.1%
FIVE Five Below 0.10% 1,332 $206K New
EWA iShares MSCI Australia ETF 0.10% 7,590 $205K New
AA Alcoa Corp. 0.10% 6,212 $204K Reduce -25.1%
BLKXF Ishare MSCI USA SCR Ucits-Ua 0.10% 14,801 $204K No change
ELAN Elanco Animal Health Inc. 0.10% 10,016 $202K No change
AM Antero Midstream Corp. 0.10% 10,326 $201K No change
FAF First American Financial 0.10% 3,124 $201K Reduce -11.9%
ISVUF iShares Edge MSCI USA Value 0.10% 16,861 $197K No change
ISJPF iShares JPM Usd Em BND Usd A 0.07% 21,896 $138K No change
ISHYF iShares Usd HY Corp. Usd Acc 0.07% 18,224 $133K No change

Show all 107 holdings

Portfolio Sells Q2 2025 → Q3 2025
XLF SS Financial Select Sector Reduce -33.2% 7.77% −4.17
VGT Vanguard Info Tech ETF Sold out 0.00% −2.61
XLK SS Technology Select Sector Reduce -22.9% 10.61% −2.44
SMH Vaneck Semiconductor ETF Sold out 0.00% −1.26
EWQ iShares MSCI France ETF Reduce -28.3% 1.33% −0.58
XLV SS Health Care Select Sector Reduce -7.6% 4.65% −0.50
XLRE SS Real Estate Select Sector Reduce -35.2% 0.69% −0.41
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.38
IAGG iShares Intl Aggregate Bond Sold out 0.00% −0.37
ECH iShares MSCI Chile ETF Reduce -49.3% 0.36% −0.35
KSA Ishrs MSCI Saudi Arabia ETF Sold out 0.00% −0.27
FLOT iShares Floating Rate Bond E Sold out 0.00% −0.26
EWD iShares MSCI Sweden ETF Reduce -32.3% 0.46% −0.24
BOXX Alpha Architect 1-3 MNTH Box Reduce -52.7% 0.19% −0.23
EWS iShares MSCI Singapore ETF Reduce -24.9% 0.75% −0.22
PDBC Invesco Optimum Yield Divers Sold out 0.00% −0.21
BND Vanguard Total Bond Market Reduce -17.4% 0.79% −0.21
FLJP Franklin Ftse Japan ETF Reduce -6.4% 3.56% −0.17
EWZ iShares MSCI Brazil ETF Sold out 0.00% −0.16
PARAA Paramount Global Class B Sold out 0.00% −0.15
BFH Bread Financial Holdings Inc. Sold out 0.00% −0.15
VEA Vanguard Ftse Developed ETF Reduce -5.9% 2.10% −0.14
EWL iShares MSCI Switzerland ETF Sold out 0.00% −0.14
RRX Regal Rexnord Corp. Sold out 0.00% −0.13
MTDR Matador Resources Co. Sold out 0.00% −0.12
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −0.12
FXI iShares China Large-Cap ETF Reduce -16.1% 0.89% −0.11
TGNA Tegna Inc. Sold out 0.00% −0.10
DNB Dun & Bradstreet Holdings Inc. Sold out 0.00% −0.08
NOV Nov Inc. Sold out 0.00% −0.08
M Macy's Inc. Sold out 0.00% −0.07
FLSW Franklin Ftse Switzerland Reduce -1.1% 1.24% −0.07
SPYV SS SPDR P S&P 500 Value ETF Reduce -5.1% 1.24% −0.06
EWN iShares MSCI Netherlands ETF Reduce -9.9% 0.62% −0.06
JBND JPMorgan Active Bond ETF Reduce -0.5% 1.20% −0.06
TMHC Taylor Morrison Home Corp. Reduce -34.1% 0.10% −0.05
IJH iShares Core S&P Midcap ETF Reduce -7.5% 0.51% −0.04
XLE SS Energy Select Sector Reduce -6.7% 0.57% −0.04
SIRI Sirius XM Holdings Inc. Reduce -17.2% 0.13% −0.03
AA Alcoa Corp. Reduce -25.1% 0.10% −0.03
EWI iShares MSCI Italy ETF Reduce -4.1% 1.26% −0.03
RDN Radian Group Inc. Reduce -9.5% 0.15% −0.02
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -0.8% 0.48% −0.02
FLBR Franklin Ftse Brazil ETF Reduce -9.1% 0.23% −0.02
CRGY Crescent Energy Inc. Class A Reduce -31.0% 0.05% −0.02
EWT iShares MSCI Taiwan ETF Reduce -11.6% 0.26% −0.02
FAF First American Financial Reduce -11.9% 0.10% −0.01
MTG Mgic Investment Corp. Reduce -5.7% 0.15% −0.01
EMB iShares JP Morgan Usd Emergi Reduce -2.1% 0.28% −0.01
RWO State Street SPDR Dow Jones Reduce -4.8% 0.19% −0.01

Portfolio Buys Q2 2025 → Q3 2025
XLI SS Industrial Select Sector Add +154.2% 6.58% +3.97
XLU St Sr Utl SL SE SPDR ETF-Usd New 3.32% +3.32
XLC SS Comm Select Sector SPDR Add +30.2% 8.93% +2.30
IWP iShares Russell Mid-Cap Grow Add +80.2% 1.98% +0.85
XLY SS Consumer Disc Select Sect Add +14.2% 4.75% +0.77
VT Vanguard Tot World STK ETF New 0.71% +0.71
JPIB JPMorgan Intl BND ETF New 0.69% +0.69
EZA iShares MSCI South Africa Et Add +138.7% 0.69% +0.44
EWH iShares MSCI Hong Kong ETF Add +109.9% 0.66% +0.35
EWW iShares MSCI Mexico ETF Add +36.9% 0.96% +0.30
VWO Vanguard Ftse Emerging Marke Add +32.8% 1.06% +0.29
ISVAF iShares Nasdaq 100 Usd Acc New 0.27% +0.27
PSKY Paramount Skydance Class B New 0.21% +0.21
VTI VG Morningstar TS MKT ETF-US Add +6.1% 2.63% +0.21
EXEL Exelixis Inc. New 0.18% +0.18
EPU iShares MSCI Peru and Global New 0.18% +0.18
EWY iShares MSCI South Korea ETF Add +8.4% 1.19% +0.15
VNGLF Vang Ftse Eur Eura New 0.15% +0.15
REZI Resideo Technologies Inc. New 0.15% +0.15
FYBR Frontier Communications Pare New 0.15% +0.15
EIDO iShares MSCI Indonesia ETF New 0.14% +0.14
LYFT LYFT Inc. Class A New 0.13% +0.13
MOS The Mosaic Co. New 0.13% +0.13
EWP iShares MSCI Spain ETF Add +3.1% 1.39% +0.12
DOX Amdocs Ltd. New 0.12% +0.12
BHF Brighthouse Financial Inc. New 0.12% +0.12
UNFI United Natural Foods Inc. New 0.12% +0.12
TAP Molson Coors Beverage Co. Class B New 0.11% +0.11
ESNT Essent Group Ltd. New 0.11% +0.11
ALV Autoliv Inc. New 0.11% +0.11
FIVE Five Below New 0.10% +0.10
EWA iShares MSCI Australia ETF New 0.10% +0.10
EDEN iShares MSCI Denmark ETF Add +19.5% 0.20% +0.02
FLGB Franklin Ftse United Kingdom Add +0.6% 2.35% +0.01
BBCA JPMorgan Betabuilders Canada Add +0.4% 0.25% +0.01
XLP SS Consumer Staples Sel Sect Add +6.3% 2.67% −0.07
FLIN Franklin Ftse India ETF Add +0.0% 1.26% −0.16

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