CIK: 0001653012
Total reported value
$171.5M
Reporting period: 2026-03-31 · Number of holdings: 28
Ciovacco Capital Management LLC disclosed 28 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $171.5M and a quarterly turnover rate of 24.8%.
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Ciovacco Capital Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.199 — mathematically equivalent to about 5 equally-sized positions, well below its 28 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.18), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 1% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim SPY
-28.0% -$8.5M
Add VOO
-3.3% -$5.9M
Trim SPYM
-76.7% -$4.7M
Trim IYW
-38.2% -$3.6M
Add GLD
+27.1% $1.6M
Add SPYG
-0.9% -$2.1M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 40.02% | +2.70% | -3.32% | |
| 2 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 12.34% | +0.69% | -0.86% | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 10.88% | -2.74% | -28.05% | |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 7.11% | +0.22% | -5.57% | |
| 5 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 3.69% | +0.26% | -2.00% | |
| 6 | GLD | Spdr Gold Shares | ETF-Commodities | 3.38% | +1.28% | +27.06% | |
| 7 | VUG | Vanguard Growth ETF | ETF-Other | 3.03% | +0.10% | -0.77% | |
| 8 | IYW | Ishares Ustechnology ETF | ETF-Tech | 2.72% | -1.44% | -38.22% | |
| 9 | VGT | Vanguard Info Tech ETF | ETF-Tech | 2.32% | +0.15% | -0.85% | |
| 10 | XLK | Ss Technology Select Sector | ETF-Tech | 2.26% | +0.28% | +6.65% | |
| 11 | SMH | Vaneck Semiconductor ETF | ETF-Other | 2.14% | +0.45% | +2.00% | |
| 12 | FTEC | Fidelity Msci Info Tech Indx | ETF-Tech | 1.60% | +0.10% | -0.99% | |
| 13 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 1.43% | +0.19% | -1.20% | |
| 14 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-Other | 1.31% | +1.31% | NEW | |
| 15 | ITA | Ishares U.s. Aerospace & Def | ETF-Other | 1.21% | +1.21% | NEW | |
| 16 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 0.79% | -2.25% | -76.72% | |
| 17 | XME | Ss Spdr S&p Metals Mining | ETF-Other | 0.78% | +0.78% | NEW | |
| 18 | ONEQ | Fidelity Nasdaq Comp Indx | ETF-Tech | 0.57% | -0.11% | -22.39% | |
| 19 | XLI | Ss Industrial Select Sector | ETF-Other | 0.52% | +0.09% | -0.49% | |
| 20 | NVDA | Nvidia CORP | Stock-Tech | 0.50% | +0.04% | — | |
| 21 | AIQ | Global X Art Intel & Tech | ETF-Tech | 0.34% | +0.34% | NEW | |
| 22 | DTCR | Global X Data Center & Digit | ETF-Other | 0.29% | +0.29% | NEW | |
| 23 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.17% | +0.02% | — | |
| 24 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.16% | +0.01% | — | |
| 25 | AAPL | Apple INC | Stock-Tech | 0.15% | +0.01% | — | |
| 26 | GRW | Tcw Durable Growth ETF | ETF-Other | 0.14% | +0.01% | — | |
| 27 | GEV | GE Vernova INC | Stock-Industrials | 0.12% | +0.12% | NEW | |
| 28 | IVVD | Invivyd INC | Stock-Other | 0.02% | +0.02% | NEW |
Performance for Q3 2026
+3.3%
Performance Last 4 Quarters
+20.3%
Based on 84% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 28 | $171.5M | 25 | |
| 2025-12-31 | 27 | $199.7M | 3 | |
| 2025-09-30 | 30 | $198.7M | 53 | |
| 2025-06-30 | 23 | $183.8M | 0 | |
| 2025-03-31 | 19 | $142.8M | 100 | |
| 2024-12-31 | 20 | $174.9M | 0 | |
| 2024-09-30 | 28 | $171.0M | 0 | |
| 2024-06-30 | 23 | $155.2M | 0 | |
| 2024-03-31 | 23 | $148.8M | 0 | |
| 2023-12-31 | 24 | $135.1M | 0 | |
| 2023-09-30 | 23 | $120.6M | 0 | |
| 2023-06-30 | 23 | $123.9M | 0 | |
| 2023-03-31 | 23 | $65.2M | 0 | |
| 2022-12-31 | 14 | $19.3M | 0 | |
| 2022-09-30 | 18 | $20.5M | 0 | |
| 2022-06-30 | 23 | $34.0M | 0 | |
| 2022-03-31 | 24 | $112.9M | 0 | |
| 2021-12-31 | 31 | $165.9M | 0 | |
| 2021-09-30 | 27 | $145.6M | 0 | |
| 2021-06-30 | 25 | $139.2M | 100 | |
| 2021-03-31 | 32 | $123.2M | 58 | |
| 2020-12-31 | 36 | $116.3M | — |
Ciovacco Capital Management LLC's most significant position changes for 2026-03-31: Sold out: Schwab US Large-cap Growth (SCHG); New buy: Schwab Fndmn Intl Lrg Co ETF (FNDF); Sold out: Ss Financial Select Sector (XLF); New buy: Ishares U.s. Aerospace & Def (ITA); Sold out: Ishares Russell Top 200 Grow (IWY).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | +2.7% | -3.32% | Trim |
| 2 | GLD | Spdr Gold Shares | +1.3% | +27.06% | Add |
| 3 | SPYG | Ss Spdr P S&p 500 Growth ETF | +0.7% | -0.86% | Trim |
| 4 | SMH | Vaneck Semiconductor ETF | +0.5% | +2.00% | Add |
| 5 | XLK | Ss Technology Select Sector | +0.3% | +6.65% | Add |
| 6 | XLC | Ss Comm Select Sector Spdr | +0.3% | -2.00% | Trim |
| 7 | QQQ | Invesco Qqq Trust Series 1 | +0.2% | -5.57% | Trim |
| 8 | RSP | Invesco S&p 500 Equal Weight | +0.2% | -1.20% | Trim |
| 9 | VGT | Vanguard Info Tech ETF | +0.2% | -0.85% | Trim |
| 10 | VUG | Vanguard Growth ETF | +0.1% | -0.77% | Trim |
| 11 | FTEC | Fidelity Msci Info Tech Indx | +0.1% | -0.99% | Trim |
| 12 | XLI | Ss Industrial Select Sector | +0.1% | -0.49% | Trim |
| 13 | NVDA | Nvidia CORP | 0% | — | Unchanged |
| 14 | IVV | Ishares Core S&p 500 ETF | 0% | — | Unchanged |
| 15 | GRW | Tcw Durable Growth ETF | 0% | — | Unchanged |
| 16 | GOOGL | Alphabet Inc-cl A | 0% | — | Unchanged |
| 17 | AAPL | Apple INC | 0% | — | Unchanged |
| 18 | ONEQ | Fidelity Nasdaq Comp Indx | -0.1% | -22.39% | Trim |
| 19 | IYW | Ishares Ustechnology ETF | -1.4% | -38.22% | Trim |
| 20 | SPYM | Ste Str Spdr Pt S&p 500 ETF | -2.3% | -76.72% | Trim |
| 21 | SPY | Ss Spdr S&p 500 ETF Trust-us | -2.7% | -28.05% | Trim |
| 22 | SCHG | Schwab US Large-cap Growth | — | EXIT | Sold out |
| 23 | FNDF | Schwab Fndmn Intl Lrg Co ETF | — | NEW | New buy |
| 24 | XLF | Ss Financial Select Sector | — | EXIT | Sold out |
| 25 | ITA | Ishares U.s. Aerospace & Def | — | NEW | New buy |
| 26 | IWY | Ishares Russell Top 200 Grow | — | EXIT | Sold out |
| 27 | XME | Ss Spdr S&p Metals Mining | — | NEW | New buy |
| 28 | AIQ | Global X Art Intel & Tech | — | NEW | New buy |
| 29 | DTCR | Global X Data Center & Digit | — | NEW | New buy |
| 30 | AMZN | Amazon.com INC | — | EXIT | Sold out |
| 31 | GRNY | Fundstr Gran Sh US Lrg Cap | — | EXIT | Sold out |
| 32 | GEV | GE Vernova INC | — | NEW | New buy |
| 33 | IVVD | Invivyd INC | — | NEW | New buy |
| 34 | GOSS | Gossamer Bio INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-11 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-09 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-22 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-05 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-12 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-11 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-07 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-02 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-10 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-01 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-09 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-12 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-13 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-13 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-14 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
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