# EDGAR Filing Document

**Accession Number:** 0001752579
**File Stem:** 0001752579-26-000001
**Filing Date:** 2026-1
**Character Count:** 13114
**Document Hash:** 5a6943f0ebc511b39de8578186123a96
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752579-26-000001.hdr.sgml**: 20260130

**ACCESSION NUMBER**: 0001752579-26-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260130

**DATE AS OF CHANGE**: 20260130

**EFFECTIVENESS DATE**: 20260130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INNEALTA CAPITAL, LLC
- **CENTRAL INDEX KEY:** 0001752579

**ORGANIZATION NAME:**
- **EIN:** 823587641
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19205
- **FILM NUMBER:** 26582760

**BUSINESS ADDRESS:**
- **STREET 1:** 13215 BEE CAVE PARKWAY
- **STREET 2:** BUILDING A, SUITE 240
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78738-0064
- **BUSINESS PHONE:** (737) 808-4640

**MAIL ADDRESS:**
- **STREET 1:** 13215 BEE CAVE PARKWAY
- **STREET 2:** BUILDING A, SUITE 240
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78738-0064

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** INNEALTA CAPITAL LLC<br>**Address:** 13215 BEE CAVE PARKWAY<br>BUILDING A SUITE 240<br>AUSTIN, TX 78738-0064

**Form 13F File Number:** 028-19205

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Carla A. Fava<br>**Title:** Chief Compliance Officer<br>**Phone:** (737) 808-4640

**Signature, Place, and Date of Signing:**

CARLA A. FAVA  AUSTIN, TX  01-30-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 85

**Form 13F Information Table Value Total:** $184724782

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| TECHNOLOGY SELECT SECT SPDR | ETP | 81369Y803 | BBG000BJ7007 | 18223435 | 126578 | SH |  | SOLE |  | 0 | 0 | 0 |
| COMM SERV SELECT SECTOR SPDR | ETP | 81369Y852 | BBG00L5F9F38 | 17443750 | 148180 | SH |  | SOLE |  | 0 | 0 | 0 |
| FINANCIAL SELECT SECTOR SPDR | ETP | 81369Y605 | BBG000BJ29X7 | 15937084 | 290982 | SH |  | SOLE |  | 0 | 0 | 0 |
| INDUSTRIAL SELECT SECT SPDR | ETP | 81369Y704 | BBG000BJ2RF7 | 12988353 | 83731 | SH |  | SOLE |  | 0 | 0 | 0 |
| HEALTH CARE SELECT SECTOR | ETP | 81369Y209 | BBG000BHVSG6 | 10351476 | 66870 | SH |  | SOLE |  | 0 | 0 | 0 |
| CONSUMER DISCRETIONARY SELT | ETP | 81369Y407 | BBG000BJ1MF9 | 7468140 | 62542 | SH |  | SOLE |  | 0 | 0 | 0 |
| FRANKLIN FTSE JAPAN ETF | ETP | 35473P744 | BBG00J3MDY16 | 6267971 | 181944 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD TOTAL STOCK MKT ETF | ETP | 922908769 | BBG000HR9779 | 5607766 | 16726 | SH |  | SOLE |  | 0 | 0 | 0 |
| CONSUMER STAPLES SPDR | ETP | 81369Y308 | BBG000BJ10N8 | 5302514 | 68261 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD FTSE DEVELOPED ETF | ETP | 921943858 | BBG000QVFB47 | 4579863 | 73313 | SH |  | SOLE |  | 0 | 0 | 0 |
| UTILITIES SELECT SECTOR SPDR | ETP | 81369Y886 | BBG000BJ7G75 | 4541191 | 106376 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI SOUTH KOREA ETF | ETP | 464286772 | BBG000CDKWX8 | 3505656 | 36059 | SH |  | SOLE |  | 0 | 0 | 0 |
| FRANKLIN FTSE CANADA ETF | ETP | 35473P827 | BBG00J3N6M72 | 3477165 | 71991 | SH |  | SOLE |  | 0 | 0 | 0 |
| FRANKLIN FTSE UNITED KINGDOM | ETP | 35473P678 | BBG00J3PQYB4 | 3081881 | 91315 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI SPAIN ETF | ETP | 464286764 | BBG000BK58Q1 | 2948769 | 54698 | SH |  | SOLE |  | 0 | 0 | 0 |
| FRANKLIN FTSE CHINA ETF | ETP | 35473P819 | BBG00J3MD154 | 2927138 | 122989 | SH |  | SOLE |  | 0 | 0 | 0 |
| FRANKLIN FTSE GERMANY ETF | ETP | 35473P785 | BBG00J3MNNR1 | 2906942 | 86689 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR PORT S 500 VALUE | ETP | 78464A508 | BBG000C9PJB5 | 2545031 | 44799 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI ITALY ETF | ETP | 46434G830 | BBG000BK2V65 | 2493584 | 45897 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES RUSSELL MID-CAP GROW | ETP | 464287481 | BBG000BW05W9 | 2412609 | 17618 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD TOT WORLD STK ETF | ETP | 922042742 | BBG000GM5FZ6 | 2312538 | 16394 | SH |  | SOLE |  | 0 | 0 | 0 |
| FRANKLIN FTSE INDIA ETF | ETP | 35473P769 | BBG00JYWBHT9 | 2268745 | 58791 | SH |  | SOLE |  | 0 | 0 | 0 |
| FRANKLIN FTSE TAIWAN ETF | ETP | 35473P686 | BBG00J3PQ956 | 2254244 | 37052 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD FTSE EMERGING MARKE | ETP | 922042858 | BBG000HT88C8 | 2206149 | 41037 | SH |  | SOLE |  | 0 | 0 | 0 |
| JPMORGAN ACTIVE BOND ETF | ETP | 46654Q716 | BBG01J4V60G0 | 2198648 | 40663 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI MEXICO ETF | ETP | 464286822 | BBG000BK42M9 | 2163512 | 31206 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI FRANCE ETF | ETP | 464286707 | BBG000BJX6S5 | 2056898 | 45719 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CHINA LARGE-CAP ETF | ETP | 464287184 | BBG000Q8RVM1 | 2045184 | 53413 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI SOUTH AFRICA ET | ETP | 464286780 | BBG000PNJ9F5 | 1779168 | 25860 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR GOLD SHARES | ETP | 78463V107 | BBG000CRF6Q8 | 1665295 | 4202 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD TOTAL BOND MARKET | ETP | 921937835 | BBG000BZZS63 | 1645835 | 22220 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI HONG KONG ETF | ETP | 464286871 | BBG000BBDXW0 | 1554055 | 73132 | SH |  | SOLE |  | 0 | 0 | 0 |
| FRANKLIN FTSE SWITZERLAND | ETP | 35473P694 | BBG00JYXTYC9 | 1527750 | 36831 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI SINGAPORE ETF | ETP | 46434G780 | BBG000BK4VM5 | 1455692 | 52915 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI TAIWAN ETF | ETP | 46434G772 | BBG000CJLQ12 | 1253002 | 19723 | SH |  | SOLE |  | 0 | 0 | 0 |
| FRANKLIN FTSE AUSTRALIA ETF | ETP | 35473P843 | BBG00J3M8WZ9 | 1172280 | 37289 | SH |  | SOLE |  | 0 | 0 | 0 |
| ENERGY SELECT SECTOR SPDR | ETP | 81369Y506 | BBG000BJ20S2 | 1136528 | 25420 | SH |  | SOLE |  | 0 | 0 | 0 |
| FRANKLIN FTSE SOUTH KOREA | ETP | 35473P710 | BBG00J3N5BB2 | 1123288 | 35048 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE S MIDCAP ETF | ETP | 464287507 | BBG000BWC7P0 | 1069200 | 16200 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI NETHERLANDS ETF | ETP | 464286814 | BBG000BK4FC1 | 1066461 | 18700 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE S 500 | ETP | G4955H110 | BBG0015VQKL7 | 1064219 | 1444 | SH |  | SOLE |  | 0 | 0 | 0 |
| REAL ESTATE SELECT SECT SPDR | ETP | 81369Y860 | BBG00B597128 | 1023115 | 25356 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES IBOXX INVESTMENT GRA | ETP | 464287242 | BBG000BBV9N3 | 1015291 | 9214 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI SWEDEN ETF | ETP | 464286756 | BBG000BK5LR1 | 968945 | 19682 | SH |  | SOLE |  | 0 | 0 | 0 |
| JPMORGAN BETABUILDERS CANADA | ETP | 46641Q225 | BBG00LN4CVW2 | 827979 | 8903 | SH |  | SOLE |  | 0 | 0 | 0 |
| JPMORGAN INTL BND ETF | ETP | 46641Q852 | BBG00GD9GQ78 | 658570 | 13523 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES JP MORGAN USD EMERGI | ETP | 464288281 | BBG000NXKWH0 | 589137 | 6119 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI CHILE ETF | ETP | 464286640 | BBG000TVZM75 | 575700 | 14250 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANG FTSE EUR EURA | ETP | G9T17Y729 | BBG00VJGJT29 | 515954 | 8176 | SH |  | SOLE |  | 0 | 0 | 0 |
| FRANKLIN FTSE BRAZIL ETF | ETP | 35473P835 | BBG00J3M9VQ0 | 463067 | 24308 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI PERU AND GLOBAL | ETP | 464289842 | BBG000MF3YP6 | 449655 | 6215 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI DENMARK ETF | ETP | 46429B523 | BBG002DW4P82 | 429263 | 3750 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR DJ GLOBAL REAL ESTATE E | ETP | 78463X749 | BBG000FS2Q74 | 397031 | 8819 | SH |  | SOLE |  | 0 | 0 | 0 |
| LINCOLN NATIONAL CORP | Common Stock | 534187109 | BBG000BNC3Y9 | 387322 | 8698 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALCOA CORP | Common Stock | 013872106 | BBG00B3T3HD3 | 330106 | 6212 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISH DIVERS COMMOD SWAP ETF | ETP | G4954P378 | BBG00H1LS1Y4 | 324946 | 40447 | SH |  | SOLE |  | 0 | 0 | 0 |
| JACKSON FINANCIAL INC-A | Common Stock | 46817M107 | BBG00922Y5Z6 | 302033 | 2832 | SH |  | SOLE |  | 0 | 0 | 0 |
| AXIS CAPITAL HOLDINGS LTD | Common Stock | G0692U109 | BBG000FLF615 | 301565 | 2816 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE EM IMI ACC | ETP | G49507836 | BBG006B8QQK8 | 289264 | 6411 | SH |  | SOLE |  | 0 | 0 | 0 |
| OVINTIV INC | Common Stock | 69047Q102 | BBG00R2NHQ65 | 277583 | 7083 | SH |  | SOLE |  | 0 | 0 | 0 |
| ADT INC | Common Stock | 00090Q103 | BBG000BP9WJ1 | 259354 | 32138 | SH |  | SOLE |  | 0 | 0 | 0 |
| DILLARDS INC-CL A | Common Stock | 254067101 | BBG000BS4MP5 | 256482 | 423 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI BRAZIL ETF | ETP | 464286400 | BBG000CPLR52 | 254446 | 8009 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES US AGG BND USD ACC | ETP | G4R53X257 | BBG00GF9PY42 | 254039 | 44250 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES SILVER TRUST | ETP | 46428Q109 | BBG000NDCRW7 | 246986 | 3834 | SH |  | SOLE |  | 0 | 0 | 0 |
| JAZZ PHARMACEUTICALS PLC | Common Stock | G50871105 | BBG000G9CGL0 | 235620 | 1386 | SH |  | SOLE |  | 0 | 0 | 0 |
| LITHIA MOTORS INC | Common Stock | 536797103 | BBG000K3BC83 | 233628 | 703 | SH |  | SOLE |  | 0 | 0 | 0 |
| AUTONATION INC | Common Stock | 05329W102 | BBG000BBXLW4 | 230225 | 1115 | SH |  | SOLE |  | 0 | 0 | 0 |
| MKS INC | Common Stock | 55306N104 | BBG000BVMG26 | 229473 | 1436 | SH |  | SOLE |  | 0 | 0 | 0 |
| LYFT INC-A | Common Stock | 55087P104 | BBG004M9ZHX5 | 229147 | 11830 | SH |  | SOLE |  | 0 | 0 | 0 |
| APA CORP | Common Stock | 03743Q108 | BBG00YTS96G2 | 226915 | 9277 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES EDGE MSCI USA VALUE | ETP | G4955M788 | BBG00DZWFD07 | 219851 | 16861 | SH |  | SOLE |  | 0 | 0 | 0 |
| QORVO INC | Common Stock | 74736K101 | BBG007TJF1N7 | 212627 | 2516 | SH |  | SOLE |  | 0 | 0 | 0 |
| GENWORTH FINANCIAL INC | Common Stock | 37247D106 | BBG000J5Q6L2 | 210417 | 23302 | SH |  | SOLE |  | 0 | 0 | 0 |
| AUTOLIV INC | Common Stock | 052800109 | BBG000BVLRY8 | 205351 | 1730 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALPHA ARCHITECT 1-3 MNTH BOX | ETP | 02072L565 | BBG01BBK3Q88 | 203497 | 1768 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES JPM USD EM BND USD A | ETP | G4R53X240 | BBG00GF9X2B5 | 142141 | 21896 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES USD HY CORP USD ACC | ETP | G4R53X265 | BBG00GF9NT54 | 134539 | 18224 | SH |  | SOLE |  | 0 | 0 | 0 |
| TOPGOLF CALLAWAY BRANDS CORP | Common Stock | 131193104 | BBG000CPCVY1 | 124717 | 10687 | SH |  | SOLE |  | 0 | 0 | 0 |
| COMPASS INC - CLASS A | Common Stock | 20464U100 | BBG00J5SXTH3 | 105964 | 10025 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES JPM USD EM CRP USD A | ETP | G4R54M789 | BBG00KSMR8F3 | 94874 | 14162 | SH |  | SOLE |  | 0 | 0 | 0 |
| CRESCENT ENERGY INC-A | Common Stock | 44952J104 | BBG013THLHZ4 | 86383 | 10296 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE GLB AGG USD-H A | ETP | G4R54N258 | BBG00J5HKP34 | 83554 | 14381 | SH |  | SOLE |  | 0 | 0 | 0 |
| GRAY MEDIA INC | Common Stock | 389375106 | BBG000DSQLQ0 | 55011 | 11366 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALIGHT INC - CLASS A | Common Stock | 01626W101 | BBG00H00J2N1 | 34006 | 17439 | SH |  | SOLE |  | 0 | 0 | 0 |

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