Managers / Q3 2023 · view latest →
INNEALTA CAPITAL, LLC
CIK 0001752579 · 13215 BEE CAVE PARKWAY, BUILDING A, SUITE 240, AUSTIN, TX, 78738-0064 · (737) 808-4640
Summary
Innealta Capital, LLC reported $226M in U.S.-listed holdings across 71 positions for Q3 2023.
The portfolio is heavily concentrated: XLK alone accounts for 45.9% of reported value.
Compared with Q2 2023, the fund opened 4 new positions and exited 6.
Portfolio Metrics
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 98.7% · $223M
- Common Stock · 0.8% · $2M
- Other · 0.5% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| EWNISHARES INC | NEW | +78.3K | 78.3K | +$3M | $3M |
| UNITED STATES STL CORP NEW | NEW | +8.6K | 8.6K | +$278,743 | $278,743 |
| PBFPBF ENERGY INC | NEW | +4.7K | 4.7K | +$253,625 | $253,625 |
| MTGMGIC INVT CORP WIS | NEW | +11.0K | 11.0K | +$182,772 | $182,772 |
| EWCISHARES INC | SOLD OUT | −29.5K | 0 | −$1M | $0 |
| ENZLISHARES TR | SOLD OUT | −19.3K | 0 | −$944,873 | $0 |
| ECHISHARES INC | SOLD OUT | −18.2K | 0 | −$530,988 | $0 |
| SPYMSPDR SER TR | SOLD OUT | −6.9K | 0 | −$357,735 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | XLKSELECT SECTOR SPDR TR | TECHNOLOGY · SBI CONS DISCR · FINANCIAL · ENERGY · SBI HEALTHCARE · COMMUNICATION · SBI CONS STPLS · INDL · SBI MATERIALS · SBI INT-UTILS | 45.86% | $104M | 1.32M |
| 2 | EWQISHARES INC | MSCI FRANCE ETF · MSCI JPN ETF NEW · MSCI NETHERL ETF · MSCI SWITZERLAND · MSCI GERMANY ETF · MSCI STH KOR ETF · MSCI AUST ETF · MSCI ITALY ETF · MSCI MEXICO ETF · MSCI STH AFR ETF · MSCI BRAZIL ETF · MSCI MLY ETF NEW · MSCI THAILND ETF | 14.53% | $33M | 862.6K |
| 3 | IWNISHARES TR | RUS 2000 VAL ETF · 3 7 YR TREAS BD · CHINA LG-CAP ETF · IBOXX INV CP ETF · MSCI UK ETF NEW · MSCI INDIA ETF · CORE MSCI EAFE · MSCI INDONIA ETF · FLTG RATE NT ETF · MSCI EAFE ETF · CORE S&P MCP ETF · CORE S&P SCP ETF · CORE S&P500 ETF | 14.29% | $32M | 595.1K |
| 4 | FLJPFRANKLIN TEMPLETON ETF TR | FTSE JAPAN ETF · FRANKLN SWZLND · FTSE CANADA · FTSE UNTD KGDM · FTSE TAIWAN · FTSE GERMANY · FTSE CHINA · FRANKLIN INDIA · FTSE BRAZIL · FTSE AUSTRALIA · FTSE SOUTH KOREA · FTSE HONG KONG | 14.16% | $32M | 1.29M |
| 5 | VGLTVANGUARD SCOTTSDALE FDS | LONG TERM TREAS · INT-TERM CORP | 5.04% | $11M | 199.0K |
| 6 | J P MORGAN EXCHANGE TRADED F | BETABUILDERS CDA · BETABUILDERS EUR | 1.28% | $3M | 52.3K |
| 7 | VWOVANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF · FTSE PACIFIC ETF | 1.08% | $2M | 55.9K |
| 8 | VTIVANGUARD INDEX FDS | TOTAL STK MKT · VALUE ETF | 0.97% | $2M | 11.1K |
| 9 | BNDVANGUARD BD INDEX FDS | TOTAL BND MRKT | 0.69% | $2M | 22.4K |
| 10 | KBESPDR SER TR | PRTFLO S&P500 VL · S&P BK ETF | 0.66% | $1M | 37.0K |
| 11 | PDBCINVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 0.40% | $907,390 | 60.7K |
| 12 | SPYSPDR S&P 500 ETF TR | TR UNIT | 0.22% | $499,724 | 1.2K |
| 13 | DEUTSCHE BANK A G | NAMEN AKT | 0.19% | $420,741 | 38.3K |
| 14 | SUPER MICRO COMPUTER INC | COM | 0.14% | $319,741 | 1.2K |
| 15 | UNITED STATES STL CORP NEW | COM | 0.12% | $278,743 | 8.6K |
| 16 | PBFPBF ENERGY INC | CL A | 0.11% | $253,625 | 4.7K |
| 17 | MTGMGIC INVT CORP WIS | COM | 0.08% | $182,772 | 11.0K |
| 18 | GNWGENWORTH FINL INC | COM CL A | 0.06% | $135,665 | 23.2K |
| 19 | SOUTHWESTERN ENERGY CO | COM | 0.05% | $108,315 | 16.8K |
| 20 | ADTADT INC DEL | COM | 0.04% | $79,824 | 13.3K |
| 21 | ALLIED GAMING & ENTRTNMNT IN | COM | 0.02% | $53,382 | 58.8K |
| 22 | CNDTCONDUENT INC | COM | 0.02% | $44,944 | 12.9K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $161M | 75 | May 4, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $185M | 85 | Jan 30, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $200M | 107 | Nov 3, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $190M | 104 | Aug 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $185M | 116 | Apr 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $206M | 129 | Feb 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $246M | 155 | Oct 29, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $303M | 5,324 | Jul 29, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $237M | 108 | May 16, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $223M | 94 | Feb 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $226M | 71 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $255M | 73 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $236M | 67 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $215M | 66 | Feb 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $186M | 57 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $195M | 61 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $172M | 62 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $202M | 70 | Feb 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $179M | 59 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $196M | 55 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $165M | 46 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $170M | 39 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $154M | 43 | Nov 6, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $146M | 50 | Aug 17, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $129M | 49 | May 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $150M | 49 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $113M | 42 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $159M | 53 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $168M | 58 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $153M | 51 | Feb 13, 2019 | 13F-HR | changes · 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 ↗.