Instuitional Investor - Innealta Capital, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr Trust	XLB	97,694	$24,739,052	13.05%
2.	Sector Spdr Trust	XLB	432,356	$22,642,484	11.94%
3.	Sector Spdr Trust	XLB	115,912	$12,579,929	6.63%
4.	Sector Spdr Trust	XLB	72,391	$9,757,583	5.15%
5.	Sector Spdr Trust	XLB	34,705	$7,542,438	3.98%