IC
Innealta Capital, LLC 13F Disclosure (Q2 2026) — Portfolio & Holdings
Innealta Capital, LLCCIK: 0001752579
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$187.4M
Reporting period: 2026-06-30 · Number of holdings: 91
INNEALTA CAPITAL, LLC disclosed 91 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $187.4M and a quarterly turnover rate of 24.9%.
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Personality snowflake
- Concentration
- 13
- Portfolio Stability
- 24.86
- Momentum
- 100
- Sector conviction
- 57.36
- Diversification
- 100
- Sizing Uniformity
- 85.93
Innealta Capital, LLC's disclosed holdings carry a Herfindahl concentration index of 0.032 — mathematically equivalent to about 31 equally-sized positions, well below its 91 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 1.41), 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 3% 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.govNew buy BIL
Trim XLE
-40.3% -$3.8M
Trim XLC
0.0% -$552.4K
Add FLTW
+17.4% $3.1M
Add EWY
+25.0% $2.5M
Trim XLK
-25.7% $833.6K
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 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 8.47% | -1.73% | — | |
| 2 | XLK | Ss Technology Select Sector | ETF-Tech | 7.20% | -0.67% | -25.65% | |
| 3 | XLI | Ss Industrial Select Sector | ETF-Other | 5.58% | -0.09% | — | |
| 4 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 4.82% | +4.82% | NEW | |
| 5 | XLF | Ss Financial Select Sector | ETF-Other | 4.66% | +0.24% | +13.06% | |
| 6 | FLJP | Franklin Ftse Japan ETF | ETF-Other | 4.03% | -0.24% | — | |
| 7 | FLTW | Franklin Ftse Taiwan ETF | ETF-Other | 3.66% | +1.32% | +17.39% | |
| 8 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 2.83% | +0.01% | +1.20% | |
| 9 | JBND | Jpmorgan Active Bond ETF | ETF-Other | 2.71% | -0.34% | +3.85% | |
| 10 | EWY | Ishares Msci South Korea ETF | ETF-Other | 2.59% | +1.12% | +24.96% | |
| 11 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 2.57% | -0.46% | — | |
| 12 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 2.54% | -0.20% | — | |
| 13 | XLV | Ss Health Care Select Sector | ETF-Other | 2.34% | -0.18% | — | |
| 14 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 2.33% | -0.10% | +0.44% | |
| 15 | XAR | Ss Spdr S&p Aerospace Def | ETF-Other | 2.31% | -0.09% | — | |
| 16 | XLE | Ss Energy Select Sector | ETF-Other | 2.15% | -2.68% | -40.30% | |
| 17 | FLCA | Franklin Ftse Canada ETF | ETF-Other | 2.05% | -0.22% | — | |
| 18 | FLGB | Franklin Ftse United Kingdom | ETF-Other | 1.91% | -0.28% | — | |
| 19 | VT | Vanguard Tot World Stk ETF | ETF-Other | 1.66% | -0.05% | — | |
| 20 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 1.49% | -0.22% | — | |
| 21 | FLGR | Franklin Ftse Germany ETF | ETF-Other | 1.46% | -0.19% | — | |
| 22 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-Large Cap & Growth | 1.45% | -0.12% | — | |
| 23 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 1.44% | +0.05% | — | |
| 24 | FLCH | Franklin Ftse China ETF | ETF-Emerging Markets | 1.34% | -0.37% | — | |
| 25 | EWZ | Ishares Msci Brazil ETF | ETF-Other | 1.30% | +0.19% | +51.10% | |
| 26 | EWW | Ishares Msci Mexico ETF | ETF-Other | 1.25% | -0.20% | — | |
| 27 | EWP | Ishares Msci Spain ETF | ETF-Other | 1.25% | -0.08% | — | |
| 28 | FLKR | Franklin Ftse South Korea | ETF-Other | 1.23% | +0.36% | — | |
| 29 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.01% | -0.02% | +0.51% | |
| 30 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 1.01% | -0.05% | +0.29% | |
| 31 | EZA | Ishares Msci South Africa Et | ETF-Other | 1.01% | -0.25% | — | |
| 32 | EPU | Ishares Msci Peru And Global | ETF-Other | 0.98% | -0.06% | +5.44% | |
| 33 | FLIN | Franklin Ftse India ETF | ETF-Other | 0.96% | -0.08% | — | |
| 34 | FLSW | Franklin Ftse Switzerland | ETF-Other | 0.81% | -0.08% | — | |
| 35 | ECH | Ishares Msci Chile ETF | ETF-Other | 0.78% | -0.13% | -0.45% | |
| 36 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-Other | 0.70% | +0.10% | +3.29% | |
| 37 | EWN | Ishares Msci Netherlands ETF | ETF-Other | 0.69% | +0.03% | — | |
| 38 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.67% | +0.04% | +3.62% | |
| 39 | FLAU | Franklin Ftse Australia ETF | ETF-Other | 0.67% | -0.09% | — | |
| 40 | JPIB | Jpmorgan Intl Bnd ETF | ETF-Other | 0.66% | -0.11% | -0.54% | |
| 41 | EWQ | Ishares Msci France ETF | ETF-Other | 0.64% | -0.07% | — | |
| 42 | ✓ | iShares Core S&P 500 UCITS ETF (Acc) | ETF-Large Cap & Growth | 0.63% | +0.63% | NEW | |
| 43 | GLD | Spdr Gold Shares | ETF-Commodities | 0.61% | -0.24% | -2.86% | |
| 44 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 0.58% | -0.10% | -1.24% | |
| 45 | BOXX | Alpha Architect 1-3 Mnth Box | ETF-Other | 0.53% | +0.01% | +17.56% | |
| 46 | BND | Vanguard Total Bond Market | ETF-Other | 0.47% | -0.09% | -1.10% | |
| 47 | EWH | Ishares Msci Hong Kong ETF | ETF-Other | 0.45% | -0.13% | — | |
| 48 | EWU | Ishares Msci United Kingdom | ETF-Other | 0.44% | -0.07% | — | |
| 49 | EWD | Ishares Msci Sweden ETF | ETF-Other | 0.38% | -0.05% | — | |
| 50 | ✓ | Stock-Other | 0.35% | +0.35% | NEW |
1–50 of 91
Portfolio Performance
Performance for Q3 2026
+1.9%
Performance Last 4 Quarters
+20.2%
- Stdev
- +11.1%
- Beta
- +0.76
- Alpha
- +0.6%
- Max Drawdown
- -6.6%
- Annualized Perf
- +16.3%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.62
- Stutzer
- +0.41
- Treynor
- +0.21
- Sterling
- +1.11
- Calmar
- +2.47
- Information Ratio
- -0.69
- Tracking Error
- +6%
- Stdev Down
- +6%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +25.7%
- Worst 12 Months
- +6.3%
- Efficiency Ratio
- +0.56
- Sharpe
- +1.42
- Stdev Sectors
- +9.1%
- Skewness
- -0.34
- Kurtosis
- +0.02
- Upside Potential
- +4.16
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 91 | $187.4M | 25 | ||
| 2026 Q1 | 75 | $161.0M | 49 | ||
| 2025 Q4 | 85 | $184.7M | 19 | ||
| 2025 Q3 | 107 | $200.1M | 68 | ||
| 2025 Q2 | 104 | $189.6M | 0 | ||
| 2025 Q1 | 116 | $184.6M | 100 | ||
| 2024 Q4 | 129 | $205.5M | 0 | ||
| 2024 Q3 | 155 | $246.4M | 0 | ||
| 2024 Q2 | 5324 | $303.1M | 0 | ||
| 2024 Q1 | 108 | $236.7M | 0 | ||
| 2023 Q4 | 94 | $222.9M | 0 | ||
| 2023 Q3 | 71 | $226.5M | 0 | ||
| 2023 Q2 | 73 | $255.0M | 0 | ||
| 2023 Q1 | 67 | $236.5M | 0 | ||
| 2022 Q4 | 66 | $215.2M | 0 | ||
| 2022 Q3 | 57 | $186.1M | 0 | ||
| 2022 Q2 | 61 | $194.9M | 0 | ||
| 2022 Q1 | 62 | $171.6M | 0 | ||
| 2021 Q4 | 70 | $201.6M | 0 | ||
| 2021 Q3 | 59 | $178.5M | 0 | ||
| 2021 Q2 | 55 | $196.5M | 24 | ||
| 2021 Q1 | 46 | $164.6M | 53 | ||
| 2020 Q4 | 39 | $169.6M | 42 | ||
| 2020 Q3 | 43 | $153.6M | 34 | ||
| 2020 Q2 | 50 | $145.8M | 50 | ||
| 2020 Q1 | 49 | $129.4M | 100 | ||
| 2019 Q4 | 49 | $150.0M | 44 | ||
| 2019 Q3 | 42 | $113.5M | 66 | ||
| 2019 Q2 | 53 | $158.9M | 64 | ||
| 2019 Q1 | 58 | $167.8M | 46 | ||
| 2018 Q4 | 51 | $152.7M | — |
Holding changes this quarter
Innealta Capital, LLC's most significant position changes for 2026-06-30: New buy: Ss Spdr Bb 1-3m T-bill ETF (BIL); New buy: iShares Core S&P 500 UCITS ETF (Acc); Sold out: Ss Real Estate Select Sector (XLRE); New buy: ; New buy: Brighthouse Financial Inc (BHF).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +4.8% | NEW | New buy |
| 2 | FLTW | Franklin Ftse Taiwan ETF | +1.3% | +17.39% | Add |
| 3 | EWY | Ishares Msci South Korea ETF | +1.1% | +24.96% | Add |
| 4 | ✓ | iShares Core S&P 500 UCITS ETF (Acc) | +0.6% | NEW | New buy |
| 5 | FLKR | Franklin Ftse South Korea | +0.4% | — | Unchanged |
| 6 | ✓ | +0.4% | NEW | New buy | |
| 7 | XLF | Ss Financial Select Sector | +0.2% | +13.06% | Add |
| 8 | BHF | Brighthouse Financial Inc | +0.2% | NEW | New buy |
| 9 | WAL | Western Alliance Bancorp | +0.2% | NEW | New buy |
| 10 | ✓ | iShares Diversified Commodity Swap UCITS ETF (No Income) | +0.2% | NEW | New buy |
| 11 | EWZ | Ishares Msci Brazil ETF | +0.2% | +51.10% | Add |
| 12 | ✓ | iShares Core MSCI EM IMI UCITS ETF (Acc) | +0.2% | NEW | New buy |
| 13 | ✓ | +0.2% | NEW | New buy | |
| 14 | LNC | Lincoln National CORP | +0.2% | NEW | New buy |
| 15 | DVA | Davita Inc | +0.2% | NEW | New buy |
| 16 | VMI | Valmont Industries | +0.2% | NEW | New buy |
| 17 | BFH | Bread Financial Holdings Inc | +0.1% | NEW | New buy |
| 18 | ✓ | iShares US Aggregate Bond UCITS ETF (Acc) | +0.1% | NEW | New buy |
| 19 | ✓ | Ishares Msci USA Esg Screend | +0.1% | NEW | New buy |
| 20 | NEU | Newmarket CORP | +0.1% | NEW | New buy |
| 21 | FHN | First Horizon CORP | +0.1% | NEW | New buy |
| 22 | CRGY | Crescent Energy Inc-a | +0.1% | +262.97% | Add |
| 23 | TTC | Toro Co | +0.1% | NEW | New buy |
| 24 | LAD | Lithia Motors Inc | +0.1% | NEW | New buy |
| 25 | CCK | Crown Holdings Inc | +0.1% | NEW | New buy |
| 26 | SNDK | Sandisk CORP | +0.1% | NEW | New buy |
| 27 | SCI | Service CORP International | +0.1% | NEW | New buy |
| 28 | ALV | Autoliv Inc | +0.1% | NEW | New buy |
| 29 | EMXC | Ishares Msci Emr Mrk Ex Chna | +0.1% | +3.29% | Add |
| 30 | EWT | Ishares Msci Taiwan ETF | +0.1% | — | Unchanged |
| 31 | ✓ | iShares J.P. Morgan $ EM Bond UCITS ETF (Acc) | +0.1% | NEW | New buy |
| 32 | ✓ | Ishares Usd Hy CORP Usd Acc | +0.1% | NEW | New buy |
| 33 | DXC | Dxc Technology Co | +0.1% | NEW | New buy |
| 34 | IWM | Ishares Russell 2000 ETF | +0.1% | — | Unchanged |
| 35 | ✓ | iShares V PLC - iShares JP Morgan Usd Em Corp Bond Ucits ETF Accum SHS | +0.1% | NEW | New buy |
| 36 | IJR | Ishares Core S&p Small-cap E | 0% | +3.62% | Add |
| 37 | ✓ | 0% | NEW | New buy | |
| 38 | EWN | Ishares Msci Netherlands ETF | 0% | — | Unchanged |
| 39 | VOO | Vanguard S&p 500 ETF | 0% | +15.00% | Add |
| 40 | VTI | Vanguard Total Stock Mkt ETF | 0% | +1.20% | Add |
| 41 | BOXX | Alpha Architect 1-3 Mnth Box | 0% | +17.56% | Add |
| 42 | RRX | Regal Rexnord CORP | 0% | — | Unchanged |
| 43 | EWI | Ishares Msci Italy ETF | 0% | — | Unchanged |
| 44 | GTN | Gray Media Inc | 0% | — | Unchanged |
| 45 | ADT | Adt Inc | 0% | — | Unchanged |
| 46 | IJH | Ishares Core S&p Midcap ETF | 0% | +0.51% | Add |
| 47 | RWO | State Street Spdr Dow Jones | 0% | +1.03% | Add |
| 48 | EWA | Ishares Msci Australia ETF | 0% | — | Unchanged |
| 49 | DDS | Dillards Inc-cl A | 0% | — | Unchanged |
| 50 | AN | Autonation Inc | 0% | — | Unchanged |
1–50 of 102
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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.
Filing History
FAQ
What is Innealta Capital, LLC and what type of investor is it?
Innealta Capital, 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 $187.4M, spread across 91 disclosed positions.
What are Innealta Capital, LLC's largest equity positions?
Based on the latest 13F filing, Innealta Capital, LLC's top holdings by market value are:
1. Ss Comm Select Sector Spdr (XLC) — $15.9M (8.5%)
2. Ss Technology Select Sector (XLK) — $13.5M (7.2%)
3. Ss Industrial Select Sector (XLI) — $10.5M (5.6%)
4. Ss Spdr Bb 1-3m T-bill ETF (BIL) — $9.0M (4.8%)
5. Ss Financial Select Sector (XLF) — $8.7M (4.7%)
What changes did Innealta Capital, LLC make in its most recent portfolio filing?
In the latest reported quarter, Innealta Capital, LLC made 63 notable position adjustments: 27 new positions were initiated, 16 existing holdings were added to, 9 positions were partially reduced, and 11 were completely exited. The largest of these moves: New buy: Ss Spdr Bb 1-3m T-bill ETF (BIL); New buy: iShares Core S&P 500 UCITS ETF (Acc); Sold out: Ss Real Estate Select Sector (XLRE); New buy: ; New buy: Brighthouse Financial Inc (BHF)
What sectors does Innealta Capital, LLC focus on?
Innealta Capital, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 31.9%
• Consumer Discretionary: 20.2%
• Industrials: 17.1%
• Energy: 7.3%
• Consumer Staples: 7.1%
• Information Technology: 6.5%
Investment Profile
Innealta Capital, LLC returned an annualized 16.3% over the trailing 36 months — outperforming the S&P 500 by 0.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.76 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 31.9% of the portfolio concentrated in Financials.
Its turnover score has risen from 0 to 25 over the past 4 quarters — a shift toward more active trading.
It has added to its FLTW position over the past two quarters (+$4.6M, now $6.9M), while trimming FXI over the same stretch (-$1.8M, still holding $240.4K).
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Developer Access
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REST API
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