SEC 13F Intelligence

Managers / Q1 2026

INNEALTA CAPITAL, LLC

CIK 0001752579 · 13215 BEE CAVE PARKWAY, BUILDING A, SUITE 240, AUSTIN, TX, 78738-0064 · (737) 808-4640

Reported Value
$161M
Q1 2026
Positions
75
Filings on Record
30
2019–present window
Filed
May 4, 2026
original filing

Summary

Innealta Capital, LLC reported $161M in U.S.-listed holdings across 75 positions for Q1 2026.

Its largest position, XLC, represents 10.2% of the portfolio.

Compared with Q4 2025, the fund opened 14 new positions and exited 24.

Portfolio Metrics

Turnover
+17.6%
vs prior filed quarter
Top-10 Concentration
+48.9%
share of reported value
Largest Position
+10.2%
Comm Serv Select Sector Spdr
New / Exited
14 / 24
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $153MQ4 ’18Q1 ’19: $168MQ2 ’19: $159MQ3 ’19: $113MQ4 ’19: $150MQ4 ’19Q1 ’20: $129MQ2 ’20: $146MQ3 ’20: $154MQ4 ’20: $170MQ4 ’20Q1 ’21: $165MQ2 ’21: $196MQ3 ’21: $179MQ4 ’21: $202MQ4 ’21Q1 ’22: $172MQ2 ’22: $195MQ3 ’22: $186MQ4 ’22: $215MQ4 ’22Q1 ’23: $236MQ2 ’23: $255MQ3 ’23: $226MQ4 ’23: $223MQ4 ’23Q1 ’24: $237MQ2 ’24: $303MQ3 ’24: $246MQ4 ’24: $206MQ4 ’24Q1 ’25: $185MQ2 ’25: $190MQ3 ’25: $200MQ4 ’25: $185MQ4 ’25Q1 ’26: $161Mfilingsflow.com

Portfolio Composition

By security type
ETP: 98.3%Common Stock: 1.6%Other: 0.1%
  • ETP · 98.3% · $158M
  • Common Stock · 1.6% · $3M
  • Other · 0.1% · $205,245

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPDR S&P AEROSPACE & DEF ETFNEW+15.2K15.2K+$4M$4M
ISHARES RUSSELL 2000 ETFNEW+9.0K9.0K+$2M$2M
ISHARES CORE S&P SMALL-CAP ENEW+8.2K8.2K+$1M$1M
ISHARES MSCI EMR MRK EX CHNANEW+12.3K12.3K+$971,451$971,451
ISHARES MSCI UNITED KINGDOMNEW+17.9K17.9K+$815,023$815,023
COKECOCA-COLA CONSOLIDATED INCNEW+1.9K1.9K+$359,129$359,129
ISHARES MSCI AUSTRALIA ETFNEW+11.2K11.2K+$309,746$309,746
ISHARES MSCI MALAYSIA ETFNEW+8.8K8.8K+$249,781$249,781

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1XLCCOMM SERV SELECT SECTOR SPDRhistory →ETP10.20%$16M148.1K
2TECHNOLOGY SELECT SECT SPDRETP7.87%$13M95.3K
3INDUSTRIAL SELECT SECT SPDRETP5.67%$9M56.5K
4XLEENERGY SELECT SECTOR SPDRhistory →ETP4.83%$8M126.9K
5XLFFINANCIAL SELECT SECTOR SPDRhistory →ETP4.42%$7M144.1K
6FRANKLIN FTSE JAPAN ETFETP4.27%$7M190.0K
7JPMORGAN ACTIVE BOND ETFETP3.05%$5M91.4K
8XLUUTILITIES SELECT SECTOR SPDRhistory →ETP3.03%$5M106.4K
9VANGUARD TOTAL STOCK MKT ETFETP2.82%$5M14.2K
10CONSUMER DISCRETIONARY SELTETP2.74%$4M40.5K
11HEALTH CARE SELECT SECTORETP2.52%$4M27.7K
12VANGUARD FTSE DEVELOPED ETFETP2.43%$4M61.1K
13SPDR S&P AEROSPACE & DEF ETFETP2.40%$4M15.2K
14FRANKLIN FTSE TAIWAN ETFETP2.34%$4M55.3K
15FRANKLIN FTSE CANADA ETFETP2.27%$4M74.8K
16FRANKLIN FTSE UNITED KINGDOMETP2.19%$4M101.4K
17FRANKLIN FTSE CHINA ETFETP1.71%$3M123.0K
18VANGUARD TOT WORLD STK ETFETP1.71%$3M19.9K
19CONSUMER STAPLES SPDRETP1.71%$3M33.5K
20FLGRFRANKLIN FTSE GERMANY ETFhistory →ETP1.65%$3M84.9K
21SPDR PORT S&P 500 VALUEETP1.57%$3M44.8K
22ISHARES MSCI SOUTH KOREA ETFETP1.47%$2M19.2K
23ISHARES MSCI MEXICO ETFETP1.45%$2M31.1K
24ISHARES RUSSELL 2000 ETFETP1.39%$2M9.0K
25ISHARES MSCI SPAIN ETFETP1.33%$2M39.3K
26ISHARES MSCI SOUTH AFRICA ETETP1.26%$2M29.8K
27ISHARES MSCI BRAZIL ETFETP1.11%$2M46.7K
28VANGUARD FTSE EMERGING MARKEETP1.06%$2M31.5K
29FRANKLIN FTSE INDIA ETFETP1.04%$2M50.5K
30ISHARES MSCI PERU AND GLOBALETP1.04%$2M20.8K
31ISHARES CORE S&P MIDCAP ETFETP1.03%$2M24.4K
32ISHARES MSCI CHILE ETFETP0.91%$1M37.0K
33FLSWFRANKLIN FTSE SWITZERLANDETP0.89%$1M35.2K
34FRANKLIN FTSE SOUTH KOREAETP0.87%$1M35.0K
35GQ9SPDR GOLD SHARESETP0.85%$1M3.2K
36JPIBJPMORGAN INTL BND ETFETP0.77%$1M25.9K
37FLAUFRANKLIN FTSE AUSTRALIA ETFETP0.76%$1M37.3K
38ISHARES MSCI FRANCE ETFETP0.71%$1M26.4K
39ISHARES IBOXX INVESTMENT GRAETP0.68%$1M10.0K
40ISHARES MSCI NETHERLANDS ETFETP0.66%$1M18.4K
41REAL ESTATE SELECT SECT SPDRETP0.64%$1M25.4K
42ISHARES CORE S&P SMALL-CAP EETP0.63%$1M8.2K
43ISHARES MSCI EMR MRK EX CHNAETP0.60%$971,45112.3K
44ISHARES MSCI HONG KONG ETFETP0.58%$937,68540.6K
45VANGUARD TOTAL BOND MARKETETP0.56%$900,39612.2K
46ALPHA ARCHITECT 1-3 MNTH BOXETP0.52%$836,9397.2K
47ISHARES MSCI UNITED KINGDOMETP0.51%$815,02317.9K
48ISHARES MSCI SWEDEN ETFETP0.43%$685,88014.1K
49JPMORGAN BETABUILDERS CANADAETP0.37%$587,7816.2K
50FRANKLIN FTSE BRAZIL ETFETP0.37%$587,55124.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$161M75May 4, 202613F-HRchanges · EDGAR ↗
Q4 2025$185M85Jan 30, 202613F-HRchanges · EDGAR ↗
Q3 2025$200M107Nov 3, 202513F-HRchanges · EDGAR ↗
Q2 2025$190M104Aug 6, 202513F-HRchanges · EDGAR ↗
Q1 2025$185M116Apr 22, 202513F-HRchanges · EDGAR ↗
Q4 2024$206M129Feb 7, 202513F-HRchanges · EDGAR ↗
Q3 2024$246M155Oct 29, 202413F-HRchanges · EDGAR ↗
Q2 2024$303M5,324Jul 29, 202413F-HRchanges · EDGAR ↗
Q1 2024$237M108May 16, 202413F-HRchanges · EDGAR ↗
Q4 2023$223M94Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$226M71Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$255M73Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$236M67May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$215M66Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$186M57Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$195M61Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$172M62May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$202M70Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$179M59Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$196M55Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$165M46May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$170M39Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$154M43Nov 6, 202013F-HRchanges · EDGAR ↗
Q2 2020$146M50Aug 17, 202013F-HRchanges · EDGAR ↗
Q1 2020$129M49May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$150M49Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$113M42Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$159M53Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$168M58May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$153M51Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.