CIK: 0001752579
Total reported value
$161.0M
Reporting period: 2026-03-31 · Number of holdings: 75
INNEALTA CAPITAL, LLC disclosed 75 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $161.0M and a quarterly turnover rate of 49.0%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "I"
Innealta Capital, LLC's disclosed holdings carry a Herfindahl concentration index of 0.037 — mathematically equivalent to about 27 equally-sized positions, well below its 75 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 1.33), 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 2% 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 XLF
-50.5% -$8.8M
Add XLE
+399.4% $6.6M
Trim XLV
-58.6% -$6.3M
Trim XLK
-24.7% -$5.6M
Add JBND
+124.9% $2.7M
Trim XLI
-32.6% -$3.9M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 10.20% | +0.76% | -0.06% | |
| 2 | XLK | Ss Technology Select Sector | ETF-Tech | 7.87% | -2.00% | -24.73% | |
| 3 | XLI | Ss Industrial Select Sector | ETF-Other | 5.67% | -1.36% | -32.57% | |
| 4 | XLE | Ss Energy Select Sector | ETF-Other | 4.83% | +4.21% | +399.39% | |
| 5 | XLF | Ss Financial Select Sector | ETF-Other | 4.42% | -4.21% | -50.47% | |
| 6 | FLJP | Franklin Ftse Japan ETF | ETF-Other | 4.27% | +0.88% | +4.42% | |
| 7 | JBND | Jpmorgan Active Bond ETF | ETF-Other | 3.05% | +1.86% | +124.89% | |
| 8 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 3.03% | +0.57% | -0.00% | |
| 9 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 2.82% | -0.22% | -15.26% | |
| 10 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 2.74% | -1.30% | -35.21% | |
| 11 | XLV | Ss Health Care Select Sector | ETF-Other | 2.52% | -3.08% | -58.61% | |
| 12 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 2.43% | -0.05% | -16.69% | |
| 13 | XAR | Ss Spdr S&p Aerospace Def | ETF-Other | 2.40% | +2.40% | NEW | |
| 14 | FLTW | Franklin Ftse Taiwan ETF | ETF-Other | 2.34% | +1.12% | +49.36% | |
| 15 | FLCA | Franklin Ftse Canada ETF | ETF-Other | 2.27% | — | +3.85% | |
| 16 | FLGB | Franklin Ftse United Kingdom | ETF-Other | 2.19% | +0.52% | +11.05% | |
| 17 | FLCH | Franklin Ftse China ETF | ETF-Emerging Markets | 1.71% | — | — | |
| 18 | VT | Vanguard Tot World Stk ETF | ETF-Other | 1.71% | +0.46% | +21.26% | |
| 19 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 1.71% | -1.16% | -50.90% | |
| 20 | FLGR | Franklin Ftse Germany ETF | ETF-Other | 1.65% | — | -2.08% | |
| 21 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-Large Cap & Growth | 1.57% | — | -0.00% | |
| 22 | EWY | Ishares Msci South Korea ETF | ETF-Other | 1.47% | -0.43% | -46.66% | |
| 23 | EWW | Ishares Msci Mexico ETF | ETF-Other | 1.45% | — | -0.29% | |
| 24 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 1.39% | +1.39% | NEW | |
| 25 | EWP | Ishares Msci Spain ETF | ETF-Other | 1.33% | -0.27% | -28.12% | |
| 26 | EZA | Ishares Msci South Africa Et | ETF-Other | 1.26% | — | +15.27% | |
| 27 | EWZ | Ishares Msci Brazil ETF | ETF-Other | 1.11% | +0.97% | +482.79% | |
| 28 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 1.06% | -0.13% | -23.14% | |
| 29 | FLIN | Franklin Ftse India ETF | ETF-Other | 1.04% | -0.19% | -14.13% | |
| 30 | EPU | Ishares Msci Peru And Global | ETF-Other | 1.04% | +0.80% | +233.92% | |
| 31 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.03% | +0.45% | +50.88% | |
| 32 | ECH | Ishares Msci Chile ETF | ETF-Other | 0.91% | +0.60% | +159.73% | |
| 33 | FLSW | Franklin Ftse Switzerland | ETF-Other | 0.89% | — | -4.53% | |
| 34 | FLKR | Franklin Ftse South Korea | ETF-Other | 0.87% | — | -0.12% | |
| 35 | GLD | Spdr Gold Shares | ETF-Commodities | 0.85% | -0.05% | -24.35% | |
| 36 | JPIB | Jpmorgan Intl Bnd ETF | ETF-Other | 0.77% | +0.41% | +91.27% | |
| 37 | FLAU | Franklin Ftse Australia ETF | ETF-Other | 0.76% | — | — | |
| 38 | EWQ | Ishares Msci France ETF | ETF-Other | 0.71% | -0.40% | -42.27% | |
| 39 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 0.68% | — | +8.67% | |
| 40 | EWN | Ishares Msci Netherlands ETF | ETF-Other | 0.66% | — | -1.65% | |
| 41 | XLRE | Ss Real Estate Select Sector | ETF-Other | 0.64% | — | — | |
| 42 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.63% | +0.63% | NEW | |
| 43 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-Other | 0.60% | +0.60% | NEW | |
| 44 | EWH | Ishares Msci Hong Kong ETF | ETF-Other | 0.58% | -0.26% | -44.47% | |
| 45 | BND | Vanguard Total Bond Market | ETF-Other | 0.56% | -0.33% | -44.97% | |
| 46 | BOXX | Alpha Architect 1-3 Mnth Box | ETF-Other | 0.52% | +0.41% | +307.07% | |
| 47 | EWU | Ishares Msci United Kingdom | ETF-Other | 0.51% | +0.51% | NEW | |
| 48 | EWD | Ishares Msci Sweden ETF | ETF-Other | 0.43% | — | -28.47% | |
| 49 | BBCA | Jpmorgan Betabuilders Canada | ETF-Other | 0.37% | — | -29.81% | |
| 50 | FLBR | Franklin Ftse Brazil ETF | ETF-Other | 0.37% | — | +1.18% |
Performance for Q3 2026
+2.2%
Performance Last 4 Quarters
+19.4%
Based on 85% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 75 | $161.0M | 49 | |
| 2025-12-31 | 85 | $184.7M | 19 | |
| 2025-09-30 | 107 | $200.1M | 68 | |
| 2025-06-30 | 104 | $189.6M | 0 | |
| 2025-03-31 | 116 | $184.6M | 100 | |
| 2024-12-31 | 129 | $205.5M | 0 | |
| 2024-09-30 | 155 | $246.4M | 0 | |
| 2024-06-30 | 5324 | $303.1M | 0 | |
| 2024-03-31 | 108 | $236.7M | 0 | |
| 2023-12-31 | 94 | $222.9M | 0 | |
| 2023-09-30 | 71 | $226.5M | 0 | |
| 2023-06-30 | 73 | $255.0M | 0 | |
| 2023-03-31 | 67 | $236.5M | 0 | |
| 2022-12-31 | 66 | $215.2M | 0 | |
| 2022-09-30 | 57 | $186.1M | 0 | |
| 2022-06-30 | 61 | $194.9M | 0 | |
| 2022-03-31 | 62 | $171.6M | 0 | |
| 2021-12-31 | 70 | $201.6M | 0 | |
| 2021-09-30 | 59 | $178.5M | 0 | |
| 2021-06-30 | 55 | $196.5M | 24 | |
| 2021-03-31 | 46 | $164.6M | 53 | |
| 2020-12-31 | 39 | $169.6M | 42 | |
| 2020-09-30 | 43 | $153.6M | 34 | |
| 2020-06-30 | 50 | $145.8M | 50 | |
| 2020-03-31 | 49 | $129.4M | 100 | |
| 2019-12-31 | 49 | $150.0M | 44 | |
| 2019-09-30 | 42 | $113.5M | 66 | |
| 2019-06-30 | 53 | $158.9M | 64 | |
| 2019-03-31 | 58 | $167.8M | 46 | |
| 2018-12-31 | 51 | $152.7M | — |
Innealta Capital, LLC's most significant position changes for 2026-03-31: New buy: Ss Spdr S&p Aerospace Def (XAR); Sold out: Ishares Russell Mid-cap Grow (IWP); New buy: Ishares Russell 2000 ETF (IWM); Sold out: iShares Core S&P 500 UCITS ETF (Acc); New buy: Ishares Core S&p Small-cap E (IJR).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XLE | Ss Energy Select Sector | +4.2% | +399.39% | Add |
| 2 | JBND | Jpmorgan Active Bond ETF | +1.9% | +124.89% | Add |
| 3 | FLTW | Franklin Ftse Taiwan ETF | +1.1% | +49.36% | Add |
| 4 | EWZ | Ishares Msci Brazil ETF | +1% | +482.79% | Add |
| 5 | FLJP | Franklin Ftse Japan ETF | +0.9% | +4.42% | Add |
| 6 | EPU | Ishares Msci Peru And Global | +0.8% | +233.92% | Add |
| 7 | XLC | Ss Comm Select Sector Spdr | +0.8% | -0.06% | Trim |
| 8 | ECH | Ishares Msci Chile ETF | +0.6% | +159.73% | Add |
| 9 | XLU | St Sr Utl Sl Se Spdr Etf-usd | +0.6% | -0.00% | Trim |
| 10 | FLGB | Franklin Ftse United Kingdom | +0.5% | +11.05% | Add |
| 11 | VT | Vanguard Tot World Stk ETF | +0.5% | +21.26% | Add |
| 12 | IJH | Ishares Core S&p Midcap ETF | +0.5% | +50.88% | Add |
| 13 | BOXX | Alpha Architect 1-3 Mnth Box | +0.4% | +307.07% | Add |
| 14 | JPIB | Jpmorgan Intl Bnd ETF | +0.4% | +91.27% | Add |
| 15 | VEA | Vanguard Ftse Developed ETF | -0.1% | -16.69% | Trim |
| 16 | GLD | Spdr Gold Shares | -0.1% | -24.35% | Trim |
| 17 | VWO | Vanguard Ftse Emerging Marke | -0.1% | -23.14% | Trim |
| 18 | FLIN | Franklin Ftse India ETF | -0.2% | -14.13% | Trim |
| 19 | VTI | Vanguard Total Stock Mkt ETF | -0.2% | -15.26% | Trim |
| 20 | EWH | Ishares Msci Hong Kong ETF | -0.3% | -44.47% | Trim |
| 21 | EWP | Ishares Msci Spain ETF | -0.3% | -28.12% | Trim |
| 22 | BND | Vanguard Total Bond Market | -0.3% | -44.97% | Trim |
| 23 | EWQ | Ishares Msci France ETF | -0.4% | -42.27% | Trim |
| 24 | EWY | Ishares Msci South Korea ETF | -0.4% | -46.66% | Trim |
| 25 | EWT | Ishares Msci Taiwan ETF | -0.4% | -70.74% | Trim |
| 26 | EWS | Ishares Msci Singapore ETF | -0.6% | -84.18% | Trim |
| 27 | FXI | Ishares China Large-cap ETF | -0.9% | -85.75% | Trim |
| 28 | EWI | Ishares Msci Italy ETF | -1% | -76.81% | Trim |
| 29 | XLP | Ss Consumer Staples Sel Sect | -1.2% | -50.90% | Trim |
| 30 | XLY | Ss Consumer Disc Select Sect | -1.3% | -35.21% | Trim |
| 31 | XLI | Ss Industrial Select Sector | -1.4% | -32.57% | Trim |
| 32 | XLK | Ss Technology Select Sector | -2% | -24.73% | Trim |
| 33 | XLV | Ss Health Care Select Sector | -3.1% | -58.61% | Trim |
| 34 | XLF | Ss Financial Select Sector | -4.2% | -50.47% | Trim |
| 35 | XAR | Ss Spdr S&p Aerospace Def | — | NEW | New buy |
| 36 | IWP | Ishares Russell Mid-cap Grow | — | EXIT | Sold out |
| 37 | IWM | Ishares Russell 2000 ETF | — | NEW | New buy |
| 38 | ✓ | iShares Core S&P 500 UCITS ETF (Acc) | — | EXIT | Sold out |
| 39 | IJR | Ishares Core S&p Small-cap E | — | NEW | New buy |
| 40 | EMXC | Ishares Msci Emr Mrk Ex Chna | — | NEW | New buy |
| 41 | EWU | Ishares Msci United Kingdom | — | NEW | New buy |
| 42 | ✓ | Vang Ftse Eur Eura | — | EXIT | Sold out |
| 43 | LNC | Lincoln National CORP | — | EXIT | Sold out |
| 44 | COKE | Coca-cola Consolidated INC | — | NEW | New buy |
| 45 | AA | Alcoa CORP | — | EXIT | Sold out |
| 46 | ✓ | iShares Diversified Commodity Swap UCITS ETF (No Income) | — | EXIT | Sold out |
| 47 | EWA | Ishares Msci Australia ETF | — | NEW | New buy |
| 48 | JXN | Jackson Financial Inc-a | — | EXIT | Sold out |
| 49 | AXS | AXIS Capital Holdings Limited | — | EXIT | Sold out |
| 50 | ✓ | iShares Core MSCI EM IMI UCITS ETF (Acc) | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-04 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-30 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-03 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-06 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-22 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-07 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-29 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-29 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-16 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-12 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 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 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-15 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-06 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-17 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-14 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-13 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0001965923
Total reported value
$161.0M
110 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0001694461
Total reported value
$160.9M
192 stks
2023-03-31
Stale — no recent filing
AUM within 0.0% of this institution
CIK 0002041807
Total reported value
$160.9M
47 stks
2026-03-31
AUM within 0.1% of this institution
Institutions with overlapping top holdings
CIK 0001479598
Total reported value
$1.1B
287 stks
2022-09-30
Stale — no recent filing
4 of the top 5 holdings overlap, including Ss Technology Select Sector
CIK 0001310052
Total reported value
$150.4M
13 stks
2019-03-31
Stale — no recent filing
3 of the top 5 holdings overlap, including Ss Technology Select Sector
CIK 0001351731
Total reported value
$4.1B
391 stks
2026-03-31
3 of the top 5 holdings overlap, including Ss Technology Select Sector