CC
Ciovacco Capital Management LLC 13F Filing (Q2 2026) — Top Positions & Stock Picks
Ciovacco Capital Management LLCCIK: 0001653012
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$224.7M
Reporting period: 2026-06-30 · Number of holdings: 35
Ciovacco Capital Management LLC disclosed 35 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $224.7M and a quarterly turnover rate of 28.8%.
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Personality snowflake
- Concentration
- 65.49
- Portfolio Stability
- 28.76
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 70
- Sizing Uniformity
- 77.93
Ciovacco Capital Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.164 — mathematically equivalent to about 6 equally-sized positions, well below its 35 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 2.21), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 4.3 percentage-point tilt) — a pattern consistent with a momentum-following approach.
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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim VOO
+1.7% $11.6M
Add XLK
+131.4% $9.0M
Trim SPY
-1.9% $2.4M
Trim GLD
-9.7% -$1.3M
Trim XLC
-5.2% -$528.0K
New buy SPDW
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 35.72% | -4.30% | +1.74% | |
| 2 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 11.75% | -0.59% | +2.68% | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 9.35% | -1.53% | -1.86% | |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 6.96% | -0.15% | +0.46% | |
| 5 | XLK | Ss Technology Select Sector | ETF-Tech | 5.73% | +3.47% | +131.41% | |
| 6 | SMH | Vaneck Semiconductor ETF | ETF-Other | 3.06% | +0.92% | +9.70% | |
| 7 | IYW | Ishares Ustechnology ETF | ETF-Tech | 2.90% | +0.18% | +0.72% | |
| 8 | VUG | Vanguard Growth ETF | ETF-Other | 2.67% | -0.36% | +484.15% | |
| 9 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 2.58% | -1.11% | -5.16% | |
| 10 | VGT | Vanguard Info Tech ETF | ETF-Tech | 2.40% | +0.08% | +692.39% | |
| 11 | GLD | Spdr Gold Shares | ETF-Commodities | 1.99% | -1.39% | -9.70% | |
| 12 | FTEC | Fidelity Msci Info Tech Indx | ETF-Tech | 1.69% | +0.09% | +0.92% | |
| 13 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 1.22% | -0.21% | +0.22% | |
| 14 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-Other | 1.09% | +1.09% | NEW | |
| 15 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-Other | 1.08% | -0.23% | +0.06% | |
| 16 | DTCR | Global X Data Center & Digit | ETF-Other | 1.01% | +0.72% | +263.30% | |
| 17 | ITA | Ishares U.s. Aerospace & Def | ETF-Other | 0.99% | -0.22% | -3.74% | |
| 18 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-Other | 0.96% | +0.96% | NEW | |
| 19 | PAVE | Global X US Infrastructure | ETF-Other | 0.95% | +0.95% | NEW | |
| 20 | EWY | Ishares Msci South Korea ETF | ETF-Other | 0.79% | +0.79% | NEW | |
| 21 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 0.67% | -0.12% | -2.66% | |
| 22 | XME | Ss Spdr S&p Metals Mining | ETF-Other | 0.62% | -0.16% | +5.31% | |
| 23 | XTL | Ss Spdr S&p Telecom ETF | ETF-Other | 0.59% | +0.59% | NEW | |
| 24 | ONEQ | Fidelity Nasdaq Comp Indx | ETF-Tech | 0.53% | -0.04% | -0.08% | |
| 25 | DXJ | Wisdomtree Japan Hedged Eq | ETF-Other | 0.48% | +0.48% | NEW | |
| 26 | XLI | Ss Industrial Select Sector | ETF-Other | 0.46% | -0.06% | +1.33% | |
| 27 | NVDA | Nvidia CORP | Stock-Tech | 0.44% | -0.06% | — | |
| 28 | AIQ | Global X Art Intel & Tech | ETF-Tech | 0.40% | +0.06% | +9.29% | |
| 29 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.15% | -0.03% | — | |
| 30 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.15% | -0.01% | +0.10% | |
| 31 | MU | Micron Technology Inc | Stock-Tech | 0.13% | +0.13% | NEW | |
| 32 | AAPL | Apple Inc | Stock-Tech | 0.13% | -0.02% | — | |
| 33 | GEV | GE Vernova Inc | Stock-Industrials | 0.13% | +0.01% | — | |
| 34 | GRW | Tcw Durable Growth ETF | ETF-Other | 0.12% | -0.02% | — | |
| 35 | GLW | Corning Inc | Stock-Tech | 0.09% | +0.09% | NEW |
Portfolio Performance
Performance for Q3 2026
+0.3%
Performance Last 4 Quarters
+22.3%
- Stdev
- +14.3%
- Beta
- +1.1
- Alpha
- -0.9%
- Max Drawdown
- -7.8%
- Annualized Perf
- +22%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +3.24
- Stutzer
- +0.44
- Treynor
- +0.19
- Sterling
- +1.36
- Calmar
- +2.8
- Information Ratio
- +0.4
- Tracking Error
- +2.5%
- Stdev Down
- +6.5%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +38.5%
- Worst 12 Months
- +6.4%
- Efficiency Ratio
- +0.63
- Sharpe
- +1.46
- Stdev Sectors
- +28.8%
- Skewness
- +0.23
- Kurtosis
- -0.18
- Upside Potential
- +4.92
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 35 | $224.7M | 29 | ||
| 2026 Q1 | 28 | $171.5M | 25 | ||
| 2025 Q4 | 27 | $199.7M | 3 | ||
| 2025 Q3 | 30 | $198.7M | 53 | ||
| 2025 Q2 | 23 | $183.8M | 0 | ||
| 2025 Q1 | 19 | $142.8M | 100 | ||
| 2024 Q4 | 20 | $174.9M | 0 | ||
| 2024 Q3 | 28 | $171.0M | 0 | ||
| 2024 Q2 | 23 | $155.2M | 0 | ||
| 2024 Q1 | 23 | $148.8M | 0 | ||
| 2023 Q4 | 24 | $135.1M | 0 | ||
| 2023 Q3 | 23 | $120.6M | 0 | ||
| 2023 Q2 | 23 | $123.9M | 0 | ||
| 2023 Q1 | 23 | $65.2M | 0 | ||
| 2022 Q4 | 14 | $19.3M | 0 | ||
| 2022 Q3 | 18 | $20.5M | 0 | ||
| 2022 Q2 | 23 | $34.0M | 0 | ||
| 2022 Q1 | 24 | $112.9M | 0 | ||
| 2021 Q4 | 31 | $165.9M | 0 | ||
| 2021 Q3 | 27 | $145.6M | 0 | ||
| 2021 Q2 | 25 | $139.2M | 100 | ||
| 2021 Q1 | 32 | $123.2M | 58 | ||
| 2020 Q4 | 36 | $116.3M | — |
Holding changes this quarter
Ciovacco Capital Management LLC's most significant position changes for 2026-06-30: New buy: Ste Str Spdr Pt Dw EU ETF (SPDW); New buy: Ishares Msci Emr Mrk Ex Chna (EMXC); New buy: Global X US Infrastructure (PAVE); New buy: Ishares Msci South Korea ETF (EWY); New buy: Ss Spdr S&p Telecom ETF (XTL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XLK | Ss Technology Select Sector | +3.5% | +131.41% | Add |
| 2 | SPDW | Ste Str Spdr Pt Dw EU ETF | +1.1% | NEW | New buy |
| 3 | EMXC | Ishares Msci Emr Mrk Ex Chna | +1% | NEW | New buy |
| 4 | PAVE | Global X US Infrastructure | +1% | NEW | New buy |
| 5 | SMH | Vaneck Semiconductor ETF | +0.9% | +9.70% | Add |
| 6 | EWY | Ishares Msci South Korea ETF | +0.8% | NEW | New buy |
| 7 | DTCR | Global X Data Center & Digit | +0.7% | +263.30% | Add |
| 8 | XTL | Ss Spdr S&p Telecom ETF | +0.6% | NEW | New buy |
| 9 | DXJ | Wisdomtree Japan Hedged Eq | +0.5% | NEW | New buy |
| 10 | IYW | Ishares Ustechnology ETF | +0.2% | +0.72% | Add |
| 11 | MU | Micron Technology Inc | +0.1% | NEW | New buy |
| 12 | FTEC | Fidelity Msci Info Tech Indx | +0.1% | +0.92% | Add |
| 13 | GLW | Corning Inc | +0.1% | NEW | New buy |
| 14 | VGT | Vanguard Info Tech ETF | +0.1% | +692.39% | Add |
| 15 | AIQ | Global X Art Intel & Tech | +0.1% | +9.29% | Add |
| 16 | GEV | GE Vernova Inc | 0% | — | Unchanged |
| 17 | GOOGL | Alphabet Inc-cl A | 0% | +0.10% | Add |
| 18 | GRW | Tcw Durable Growth ETF | 0% | — | Unchanged |
| 19 | IVVD | Invivyd Inc | 0% | EXIT | Sold out |
| 20 | AAPL | Apple Inc | 0% | — | Unchanged |
| 21 | IVV | Ishares Core S&p 500 ETF | 0% | — | Unchanged |
| 22 | ONEQ | Fidelity Nasdaq Comp Indx | 0% | -0.08% | Trim |
| 23 | XLI | Ss Industrial Select Sector | -0.1% | +1.33% | Add |
| 24 | NVDA | Nvidia CORP | -0.1% | — | Unchanged |
| 25 | SPYM | Ste Str Spdr Pt S&p 500 ETF | -0.1% | -2.66% | Trim |
| 26 | QQQ | Invesco Qqq Trust Series 1 | -0.2% | +0.46% | Add |
| 27 | XME | Ss Spdr S&p Metals Mining | -0.2% | +5.31% | Add |
| 28 | RSP | Invesco S&p 500 Equal Weight | -0.2% | +0.22% | Add |
| 29 | ITA | Ishares U.s. Aerospace & Def | -0.2% | -3.74% | Trim |
| 30 | FNDF | Schwab Fndmn Intl Lrg Co ETF | -0.2% | +0.06% | Add |
| 31 | VUG | Vanguard Growth ETF | -0.4% | +484.15% | Add |
| 32 | SPYG | Ss Spdr P S&p 500 Growth ETF | -0.6% | +2.68% | Add |
| 33 | XLC | Ss Comm Select Sector Spdr | -1.1% | -5.16% | Trim |
| 34 | GLD | Spdr Gold Shares | -1.4% | -9.70% | Trim |
| 35 | SPY | Ss Spdr S&p 500 ETF Trust-us | -1.5% | -1.86% | Trim |
| 36 | VOO | Vanguard S&p 500 ETF | -4.3% | +1.74% | Add |
Filing History
FAQ
What is Ciovacco Capital Management LLC and what type of investor is it?
Ciovacco Capital Management LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $224.7M, spread across 35 disclosed positions.
What are Ciovacco Capital Management LLC's largest equity positions?
Based on the latest 13F filing, Ciovacco Capital Management LLC's top holdings by market value are:
1. Vanguard S&p 500 ETF (VOO) — $80.3M (35.7%)
2. Ss Spdr P S&p 500 Growth ETF (SPYG) — $26.4M (11.8%)
3. Ss Spdr S&p 500 ETF Trust-us (SPY) — $21.0M (9.3%)
4. Invesco Qqq Trust Series 1 (QQQ) — $15.6M (7.0%)
5. Ss Technology Select Sector (XLK) — $12.9M (5.7%)
What changes did Ciovacco Capital Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Ciovacco Capital Management LLC made 31 notable position adjustments: 8 new positions were initiated, 16 existing holdings were added to, 6 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Ste Str Spdr Pt Dw EU ETF (SPDW); New buy: Ishares Msci Emr Mrk Ex Chna (EMXC); New buy: Global X US Infrastructure (PAVE); New buy: Ishares Msci South Korea ETF (EWY); New buy: Ss Spdr S&p Telecom ETF (XTL)
What sectors does Ciovacco Capital Management LLC focus on?
Ciovacco Capital Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 74.1%
• Communication Services: 14.1%
• Industrials: 11.8%
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Investment Profile
Ciovacco Capital Management LLC returned an annualized 22.0% over the trailing 36 months — underperforming the S&P 500 by 0.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.10 (roughly in line with the market) and a 53% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 74.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 29 over the past 4 quarters — a shift toward more active trading.
It has added to its SMH position over the past two quarters (+$3.5M, now $6.9M), while trimming XLC over the same stretch (-$1.1M, still holding $5.8M).
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Developer Access
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