INNEALTA CAPITAL, LLC

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CIK 1752579

13F portfolio (2026-Q1)

$161M

Positions

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

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As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

Top 5

33.0%

Top 10

48.9%

Effective N

27.4

HHI

0.037

This quarter

14 new · 0 exit →

By sector

Unclassified98.3%

Energy0.5%

Industrials0.3%

Consumer Discretionary0.3%

Financials0.2%

Consumer Staples0.2%

Health Care0.1%

Communication Services0.0%

By market cap

Unknown98.5%

Mid ($2–10B)0.9%

Large ($10–200B)0.5%

Small ($300M–2B)0.0%

By region

Other98.3%

North America1.7%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	98.30%	61
Oil, Gas & Consumable Fuels	0.49%	4
Specialty Retail	0.29%	2
Insurance	0.25%	2
Beverages	0.22%	1
Commercial Services & Supplies	0.16%	2
Machinery	0.13%	1
Pharmaceuticals & Biotechnology	0.13%	1
Media & Entertainment	0.03%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	XLC	SELECT SECTOR SPDR TR	Unclassified	10.20%
2	XLK	SELECT SECTOR SPDR TR	Unclassified	7.87%
3	XLI	SELECT SECTOR SPDR TR	Unclassified	5.67%
4	XLE	SELECT SECTOR SPDR TR	Unclassified	4.83%
5	XLF	SELECT SECTOR SPDR TR	Unclassified	4.42%
6	FLJP	FRANKLIN TEMPLETON ETF TR	Unclassified	4.27%
7	JBND	J P MORGAN EXCHANGE TRADED F	Unclassified	3.05%
8	XLU	SELECT SECTOR SPDR TR	Unclassified	3.03%
9	VTI	VANGUARD INDEX FDS	Unclassified	2.82%
10	XLY	SELECT SECTOR SPDR TR	Unclassified	2.74%

14/75 names classified · sector 1.7% of weight · industry 1.7% · mkt cap 1.5%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 30 quarters

FinancialsDB, RDN, JXN, LNC, AXS · other

IndustrialsADT, TMHC, MTH, ALK, RRX · other

Consumer DiscretionaryBWA, OSK, DDS, AN, REZI · other

EnergyMUR, APA, DINO, PBF, OVV · other

Communication ServicesTDS, ECHO, SIRI, AD, PSKY · other

MaterialsAA, GT, MOS, MDU, CMC · other

Information TechnologyKD, CIEN, MKSI, QRVO, DOX · other

Health CareELAN, EXEL, JAZZ, QGEN, ACHC · other

Consumer StaplesPOST, COKE, TAP, DAR, BV · other

Real EstateCOMP, NMRK, HHH, FOR, VAC · other

UtilitiesAM, CNP, CMS, ATO, NRG · other

UnclassifiedXLK, XLF, BIL, BNDX, SPTL · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 1.7% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 1% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (11 classified)INNEALTA CAPITAL, LLC centroid (Small Value)

EnergyIndustrialsConsumer DiscretionaryFinancialsCommunication Services

Style box summary for INNEALTA CAPITAL, LLC: centroid Small Value. Heaviest cells: Small Value 0.7%, Small Core 0.3%, Mid Value 0.1%.

Classified: 1.3% of book weight (11/75 names) · unclassified 98.7%: XLC, XLK, XLI, XLE, XLF, FLJP, JBND, XLU, VTI, XLY +54 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 75 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	XLCSELECT SECTOR SPDR TR	148,093	$16M	10.2%	HOLD
2	XLKSELECT SECTOR SPDR TR	95,278	$13M	7.9%	TRIM −25%
3	XLISELECT SECTOR SPDR TR	56,457	$9M	5.7%	TRIM −33%
4	XLESELECT SECTOR SPDR TR	126,945	$8M	4.8%	ADD 399%
5	XLFSELECT SECTOR SPDR TR	144,113	$7M	4.4%	TRIM −50%
6	FLJPFRANKLIN TEMPLETON ETF TR	189,978	$7M	4.3%	ADD 4%
7	JBNDJ P MORGAN EXCHANGE TRADED F	91,449	$5M	3.1%	ADD 125%
8	XLUSELECT SECTOR SPDR TR	106,372	$5M	3.0%	HOLD
9	VTIVANGUARD INDEX FDS	14,174	$5M	2.8%	TRIM −15%
10	XLYSELECT SECTOR SPDR TR	40,524	$4M	2.7%	TRIM −35%
11	XLVSELECT SECTOR SPDR TR	27,675	$4M	2.5%	TRIM −59%
12	VEAVANGUARD TAX-MANAGED FDS	61,080	$4M	2.4%	TRIM −17%
13	XARSPDR SERIES TRUST	15,234	$4M	2.4%	NEW
14	FLTWFRANKLIN TEMPLETON ETF TR FTSE TAIWAN	55,342	$4M	2.3%	ADD 49%
15	FLCAFRANKLIN TEMPLETON ETF TR	74,760	$4M	2.3%	ADD 4%
16	FLGBFRANKLIN TEMPLETON ETF TR	101,402	$4M	2.2%	ADD 11%
17	FLCHFRANKLIN TEMPLETON ETF TR	122,989	$3M	1.7%	HOLD
18	VTVANGUARD INTL EQUITY INDEX F	19,879	$3M	1.7%	ADD 21%
19	XLPSELECT SECTOR SPDR TR	33,518	$3M	1.7%	TRIM −51%
20	FLGRFRANKLIN TEMPLETON ETF TR	84,886	$3M	1.6%	TRIM −2%
21	SPYVSPDR SERIES TRUST	44,798	$3M	1.6%	HOLD
22	EWYISHARES INC MSCI STH KOR ETF	19,234	$2M	1.5%	TRIM −47%
23	EWWISHARES INC MSCI MEXICO ETF	31,114	$2M	1.5%	HOLD
24	IWMISHARES TR	9,002	$2M	1.4%	NEW
25	EWPISHARES INC	39,315	$2M	1.3%	TRIM −28%
26	EZAISHARES INC	29,808	$2M	1.3%	ADD 15%
27	EWZISHARES INC MSCI BRAZIL ETF	46,676	$2M	1.1%	ADD 483%
28	VWOVANGUARD INTL EQUITY INDEX F	31,541	$2M	1.1%	TRIM −23%
29	FLINFRANKLIN TEMPLETON ETF TR	50,486	$2M	1.0%	TRIM −14%
30	EPUISHARES TR	20,753	$2M	1.0%	ADD 234%
31	IJHISHARES TR	24,442	$2M	1.0%	ADD 51%
32	ECHISHARES INC MSCI CHILE ETF	37,011	$1M	0.9%	ADD 160%
33	FLSWFRANKLIN TEMPLETON ETF TR	35,164	$1M	0.9%	TRIM −5%
34	FLKRFRANKLIN TEMPLETON ETF TR	35,006	$1M	0.9%	HOLD
35	GLDSPDR GOLD TR	3,179	$1M	0.8%	TRIM −24%
36	JPIBJ P MORGAN EXCHANGE TRADED F	25,865	$1M	0.8%	ADD 91%
37	FLAUFRANKLIN TEMPLETON ETF TR	37,289	$1M	0.8%	HOLD
38	EWQISHARES INC	26,393	$1M	0.7%	TRIM −42%
39	LQDISHARES TR	10,013	$1M	0.7%	ADD 9%
40	EWNISHARES INC	18,392	$1M	0.7%	HOLD
41	XLRESELECT SECTOR SPDR TR	25,356	$1M	0.6%	HOLD
42	IJRISHARES TR	8,185	$1M	0.6%	NEW
43	EMXCISHARES INC	12,350	$971,451	0.6%	NEW
44	EWHISHARES INC MSCI HONG KG ETF	40,610	$937,685	0.6%	TRIM −44%
45	BNDVANGUARD BD INDEX FDS	12,227	$900,396	0.6%	TRIM −45%
46	BOXXEA SERIES TRUST	7,197	$836,939	0.5%	ADD 307%
47	EWUISHARES TR	17,889	$815,023	0.5%	NEW
48	EWDISHARES INC	14,078	$685,880	0.4%	TRIM −28%
49	BBCAJ P MORGAN EXCHANGE TRADED F	6,249	$587,781	0.4%	TRIM −30%
50	FLBRFRANKLIN TEMPLETON ETF TR	24,594	$587,551	0.4%	HOLD
51	EMBISHARES TR	6,136	$576,354	0.4%	HOLD
52	EWIISHARES INC	10,644	$568,602	0.4%	TRIM −77%
53	RWOSPDR INDEX SHS FDS	9,064	$414,859	0.3%	ADD 3%
54	EWTISHARES INC MSCI TAIWAN ETF	5,771	$409,279	0.3%	TRIM −71%
55	EDENISHARES TR	3,534	$369,957	0.2%	TRIM −6%
56	COKECOCA COLA CONS INC	1,873	$359,129	0.2%	NEW
57	EWAISHARES INC	11,158	$309,746	0.2%	NEW
58	FXIISHARES TR	7,610	$273,199	0.2%	TRIM −86%
59	EWMISHARES INC	8,792	$249,781	0.2%	NEW
60	DDSDILLARDS INC	423	$242,003	0.2%	HOLD
61	THDISHARES INC	3,428	$237,835	0.1%	NEW
62	EWSISHARES INC	8,369	$236,173	0.1%	TRIM −84%
63	OVVOVINTIV INC	3,890	$230,910	0.1%	TRIM −45%
64	ANAUTONATION INC	1,115	$217,715	0.1%	HOLD
65	APAAPA CORPORATION	5,092	$216,104	0.1%	TRIM −45%
66	VOOVANGUARD INDEX FDS	360	$215,118	0.1%	NEW
67	ORIOld Republic Nat'l. Corp.	5,324	$212,428	0.1%	NEW
68	RRXREGAL REXNORD CORPORATION	1,132	$211,978	0.1%	NEW
69	PARRPAR PAC HOLDINGS INC	3,287	$205,898	0.1%	NEW
70	QGENQIAGEN NV	5,126	$205,245	0.1%	NEW
71	GNWGENWORTH FINL INC	23,302	$189,212	0.1%	HOLD
72	LYFTLYFT INC	11,830	$157,339	0.1%	HOLD
73	CRGYCRESCENT ENERGY COMPANY	10,296	$138,996	0.1%	HOLD
74	ADTADT INC DEL	15,822	$103,951	0.1%	TRIM −51%
75	GTNGRAY MEDIA INC	11,366	$49,328	0.0%	HOLD

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

XLCSELECT SECTOR SPDR TR

62K

59K

116K

151K

148K

$16M

XLKSELECT SECTOR SPDR TR

31K

44K

98K

75K

127K

95K

$13M

XLISELECT SECTOR SPDR TR

87K

40K

34K

85K

84K

56K

$9M

XLESELECT SECTOR SPDR TR

40K

80K

14K

13K

25K

127K

$8M

XLFSELECT SECTOR SPDR TR

446K

300K

432K

289K

291K

144K

$7M

FLJPFRANKLIN TEMPLETON ETF TR

219K

266K

220K

206K

182K

190K

$7M

JBNDJ P MORGAN EXCHANGE TRADED F

369K

367K

45K

44K

41K

91K

$5M

XLUSELECT SECTOR SPDR TR

47K

54K

—

76K

106K

$5M

VTIVANGUARD INDEX FDS

15K

16K

17K

14K

$5M

XLYSELECT SECTOR SPDR TR

44K

37K

35K

40K

63K

41K

$4M

XLVSELECT SECTOR SPDR TR

51K

72K

67K

28K

$4M

VEAVANGUARD TAX-MANAGED FDS

27K

25K

74K

70K

73K

61K

$4M

XARSPDR SERIES TRUST

—

15K

$4M

FLTWFRANKLIN TEMPLETON ETF TR FTSE TAIWAN

68K

63K

37K

55K

$4M

FLCAFRANKLIN TEMPLETON ETF TR

110K

72K

75K

$4M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆INNEALTA CAPITAL, LLC