# INNEALTA CAPITAL, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1752579. Source: https://holderbook.com/funds/1752579-innealta-capital-llc/

- Reported value: $187.4M
- Positions: 91
- Weight of the ten largest: 46.6%
- Filed: 2026-08-04

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $15.9M | 148,093 | 8.5% | 31 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $13.5M | 70,838 | 7.2% | 7 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $10.5M | 56,457 | 5.6% | 24 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $9.0M | 98,610 | 4.8% | 1 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $8.7M | 162,938 | 4.7% | 25 |
| FRANKLIN TEMPLETON ETF TR | [FLJP](https://holderbook.com/stocks/FLJP/) | $7.6M | 189,978 | 4.0% | 22 |
| FRANKLIN TEMPLETON ETF TR | [FLTW](https://holderbook.com/stocks/FLTW/) | $6.9M | 64,965 | 3.7% | 22 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $5.3M | 14,344 | 2.8% | 27 |
| J P MORGAN EXCHANGE TRADED F | [JBND](https://holderbook.com/stocks/JBND/) | $5.1M | 94,973 | 2.7% | 8 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $4.9M | 24,034 | 2.6% | 15 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $4.8M | 106,372 | 2.6% | 4 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $4.8M | 40,524 | 2.5% | 28 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $4.4M | 27,675 | 2.3% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $4.4M | 61,347 | 2.3% | 11 |
| SPDR SERIES TRUST | [XAR](https://holderbook.com/stocks/XAR/) | $4.3M | 15,234 | 2.3% | 2 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $4.0M | 75,787 | 2.1% | 31 |
| FRANKLIN TEMPLETON ETF TR | [FLCA](https://holderbook.com/stocks/FLCA/) | $3.8M | 74,760 | 2.1% | 22 |
| FRANKLIN TEMPLETON ETF TR | [FLGB](https://holderbook.com/stocks/FLGB/) | $3.6M | 101,402 | 1.9% | 16 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $3.1M | 19,879 | 1.7% | 4 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $2.8M | 33,518 | 1.5% | 19 |
| FRANKLIN TEMPLETON ETF TR | [FLGR](https://holderbook.com/stocks/FLGR/) | $2.7M | 84,886 | 1.5% | 19 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $2.7M | 44,798 | 1.5% | 21 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $2.7M | 9,002 | 1.4% | 2 |
| FRANKLIN TEMPLETON ETF TR | [FLCH](https://holderbook.com/stocks/FLCH/) | $2.5M | 122,989 | 1.3% | 17 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $2.4M | 70,529 | 1.3% | 3 |
| ISHARES INC | [EWW](https://holderbook.com/stocks/EWW/) | $2.3M | 31,114 | 1.2% | 5 |
| ISHARES INC | [EWP](https://holderbook.com/stocks/EWP/) | $2.3M | 39,315 | 1.2% | 11 |
| FRANKLIN TEMPLETON ETF TR | [FLKR](https://holderbook.com/stocks/FLKR/) | $2.3M | 35,006 | 1.2% | 22 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.9M | 24,567 | 1.0% | 28 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.9M | 31,633 | 1.0% | 27 |
| ISHARES INC | [EZA](https://holderbook.com/stocks/EZA/) | $1.9M | 29,808 | 1.0% | 8 |
| ISHARES TR | [EPU](https://holderbook.com/stocks/EPU/) | $1.8M | 21,881 | 1.0% | 4 |
| FRANKLIN TEMPLETON ETF TR | [FLIN](https://holderbook.com/stocks/FLIN/) | $1.8M | 50,486 | 1.0% | 15 |
| FRANKLIN TEMPLETON ETF TR | [FLSW](https://holderbook.com/stocks/FLSW/) | $1.5M | 35,164 | 0.8% | 22 |
| ISHARES INC | [ECH](https://holderbook.com/stocks/ECH/) | $1.5M | 36,844 | 0.8% | 5 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $1.3M | 12,756 | 0.7% | 2 |
| ISHARES INC | [EWN](https://holderbook.com/stocks/EWN/) | $1.3M | 18,392 | 0.7% | 12 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.3M | 8,481 | 0.7% | 2 |
| FRANKLIN TEMPLETON ETF TR | [FLAU](https://holderbook.com/stocks/FLAU/) | $1.3M | 37,289 | 0.7% | 22 |
| J P MORGAN EXCHANGE TRADED F | [JPIB](https://holderbook.com/stocks/JPIB/) | $1.2M | 25,726 | 0.7% | 4 |
| ISHARES INC | [EWQ](https://holderbook.com/stocks/EWQ/) | $1.2M | 26,393 | 0.6% | 20 |
| iShares Core S&P 500 UCITS ETF (Acc) | - | $1.2M | 1,444 | 0.6% | 1 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.1M | 3,088 | 0.6% | 7 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $1.1M | 9,889 | 0.6% | 16 |
| EA SERIES TRUST | [BOXX](https://holderbook.com/stocks/BOXX/) | $990.7K | 8,461 | 0.5% | 5 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $887.7K | 12,092 | 0.5% | 31 |
| ISHARES INC | [EWH](https://holderbook.com/stocks/EWH/) | $849.6K | 40,610 | 0.5% | 7 |
| ISHARES TR | [EWU](https://holderbook.com/stocks/EWU/) | $825.4K | 17,889 | 0.4% | 2 |
| ISHARES INC | [EWD](https://holderbook.com/stocks/EWD/) | $703.6K | 14,078 | 0.4% | 11 |
| iShares NASDAQ 100 UCITS ETF (Acc) | - | $652.1K | 377 | 0.3% | 1 |
| ISHARES INC | [EWI](https://holderbook.com/stocks/EWI/) | $630.6K | 10,644 | 0.3% | 14 |
| ISHARES INC | [EWT](https://holderbook.com/stocks/EWT/) | $626.8K | 5,771 | 0.3% | 5 |
| J P MORGAN EXCHANGE TRADED F | [BBCA](https://holderbook.com/stocks/BBCA/) | $621.2K | 6,249 | 0.3% | 13 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $582.2K | 6,037 | 0.3% | 11 |
| FRANKLIN TEMPLETON ETF TR | [FLBR](https://holderbook.com/stocks/FLBR/) | $526.6K | 24,594 | 0.3% | 22 |
| SPDR INDEX SHS FDS | [RWO](https://holderbook.com/stocks/RWO/) | $455.2K | 9,157 | 0.2% | 7 |
| BRIGHTHOUSE FINL INC | [BHF](https://holderbook.com/stocks/BHF/) | $428.0K | 6,762 | 0.2% | 1 |
| WESTERN ALLIANCE BANCORP | [WAL](https://holderbook.com/stocks/WAL/) | $386.8K | 4,706 | 0.2% | 1 |
| ISH DIVERS COMMOD SWAP ETF | - | $368.0K | 40,447 | 0.2% | 1 |
| CRESCENT ENERGY COMPANY | [CRGY](https://holderbook.com/stocks/CRGY/) | $367.0K | 37,371 | 0.2% | 7 |
| COCA COLA CONS INC | [COKE](https://holderbook.com/stocks/COKE/) | $357.6K | 1,873 | 0.2% | 2 |
| iShares PLC - iShares Core MSCI EM IMI UCITS ETF | - | $357.4K | 6,411 | 0.2% | 1 |
| ISHARES TR | [EDEN](https://holderbook.com/stocks/EDEN/) | $332.0K | 3,009 | 0.2% | 11 |
| iShares Edge MSCI USA Value Factor UCITS ETF (Acc) | - | $323.3K | 16,861 | 0.2% | 1 |
| LINCOLN NATL CORP IND | [LNC](https://holderbook.com/stocks/LNC/) | $314.8K | 8,906 | 0.2% | 1 |
| ISHARES INC | [EWA](https://holderbook.com/stocks/EWA/) | $314.2K | 11,158 | 0.2% | 2 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $284.3K | 414 | 0.2% | 2 |
| DAVITA INC | [DVA](https://holderbook.com/stocks/DVA/) | $280.5K | 1,261 | 0.1% | 1 |
| VALMONT INDS INC | [VMI](https://holderbook.com/stocks/VMI/) | $274.9K | 476 | 0.1% | 1 |
| REGAL REXNORD CORPORATION | [RRX](https://holderbook.com/stocks/RRX/) | $269.6K | 1,132 | 0.1% | 2 |
| BREAD FINANCIAL HOLDINGS INC | [BFH](https://holderbook.com/stocks/BFH/) | $257.8K | 2,379 | 0.1% | 1 |
| iShares US Aggregate Bond UCITS ETF (Acc) | - | $255.2K | 44,250 | 0.1% | 1 |
| ISHARES TR | [FXI](https://holderbook.com/stocks/FXI/) | $240.4K | 7,610 | 0.1% | 15 |
| ISHARES MSCI USA ESG SCREEND | - | $230.7K | 14,801 | 0.1% | 1 |
| DILLARDS INC | [DDS](https://holderbook.com/stocks/DDS/) | $223.5K | 423 | 0.1% | 3 |
| NEWMARKET CORP | [NEU](https://holderbook.com/stocks/NEU/) | $221.5K | 280 | 0.1% | 1 |
| FIRST HORIZON CORPORATION | [FHN](https://holderbook.com/stocks/FHN/) | $217.3K | 8,475 | 0.1% | 1 |
| TORO CO | [TTC](https://holderbook.com/stocks/TTC/) | $212.6K | 2,182 | 0.1% | 1 |
| AUTONATION INC | [AN](https://holderbook.com/stocks/AN/) | $207.2K | 1,115 | 0.1% | 3 |
| LITHIA MTRS INC | [LAD](https://holderbook.com/stocks/LAD/) | $204.2K | 703 | 0.1% | 1 |
| CROWN HLDGS INC | [CCK](https://holderbook.com/stocks/CCK/) | $203.5K | 1,820 | 0.1% | 1 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $202.4K | 89 | 0.1% | 1 |
| SERVICE CORP INTL | [SCI](https://holderbook.com/stocks/SCI/) | $201.0K | 2,646 | 0.1% | 1 |
| AUTOLIV INC | [ALV](https://holderbook.com/stocks/ALV/) | $201.0K | 1,730 | 0.1% | 1 |
| iShares J.P. Morgan $ EM Bond UCITS ETF (Acc) | - | $145.3K | 21,896 | 0.1% | 1 |
| iShares $ High Yield Corp Bond UCITS ETF (Acc) | - | $136.7K | 18,224 | 0.1% | 1 |
| DXC TECHNOLOGY CO | [DXC](https://holderbook.com/stocks/DXC/) | $123.4K | 13,942 | 0.1% | 1 |
| ADT INC DEL | [ADT](https://holderbook.com/stocks/ADT/) | $102.8K | 15,822 | 0.1% | 13 |
| ISHARES JPM USD EM CRP USD A | - | $96.6K | 14,162 | 0.1% | 1 |
| ISHARES CORE GLB AGG USD-H A | - | $84.3K | 14,381 | 0.0% | 1 |
| GRAY MEDIA INC | [GTN](https://holderbook.com/stocks/GTN/) | $45.1K | 11,366 | 0.0% | 10 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.8% | +14.8% | -5.0% | 100% |
| Q1 2026 | -1.1% | -4.6% | +3.6% | 99% |
| Q4 2025 | +2.0% | +2.4% | -0.4% | 98% |
| Q3 2025 | +6.9% | +7.8% | -0.9% | 99% |
| Q2 2025 | +6.1% | +10.5% | -4.3% | 98% |
| Q1 2025 | +1.9% | -4.6% | +6.5% | 97% |
| Q4 2024 | -4.5% | +2.1% | -6.6% | 90% |
| Q3 2024 | +6.3% | +5.4% | +0.8% | 90% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $187.4M | 91 |
| Q1 2026 | $161.0M | 75 |
| Q4 2025 | $184.7M | 85 |
| Q3 2025 | $200.1M | 107 |
| Q2 2025 | $189.6M | 104 |
| Q1 2025 | $184.6M | 116 |
| Q4 2024 | $205.5M | 129 |
| Q3 2024 | $246.4M | 155 |
| Q2 2024 | $303.1M | 1,838 |
| Q1 2024 | $236.7M | 108 |
| Q4 2023 | $222.9M | 94 |
| Q3 2023 | $226.5M | 71 |