Institutional Manager · CIK 0001653012
Ciovacco Capital Management LLC
ATLANTA, GA · File #028-20846
Latest AUM
$199.7M
Positions
27
Top-10 Concentration
87.3%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | SELECT SECTOR SPDR TR | 81369Y803 | +15,285 | +$2.2M | -$1.7M |
| REDUCE | VANGUARD INDEX FDS | 922908363 | -1,340 | -$840,360 | +$1.8M |
| REDUCE | SPDR S&P 500 ETR TR | SPY | -932 | -$635,553 | +$642,064 |
| REDUCE | SPDR SERIES TRUST | 78464A409 | -4,414 | -$470,975 | +$487,177 |
| REDUCE | INVESCO EXCHANGE TRADED FD T | IVZ | -2,454 | -$470,088 | +$28,677 |
| EXITED | GRAYSCALE BITCOIN TRUST ETF | 389637109 | -7,748 | -$392,281 | $0 |
| EXITED | GRAYSCALE ETHEREUM TRUST ETF | 389638107 | -9,011 | -$353,050 | $0 |
| EXITED | ROBINHOOD MKTS INC | 770700102 | -2,002 | -$286,646 | $0 |
| REDUCE | SPDR SERIES TRUST | 78464A854 | -3,448 | -$276,602 | +$148,717 |
| NEW | APPLE INC | AAPL | +994 | +$270,228 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202527 pos · $199.7M
- 13F HOLDINGS REPORTQ/E Sep 202530 pos · $198.7M
- 13F HOLDINGS REPORTQ/E Jun 202523 pos · $183.8M
- 13F HOLDINGS REPORTQ/E Mar 202519 pos · $142.8M
- 13F HOLDINGS REPORTQ/E Dec 202420 pos · $174.9M
- 13F HOLDINGS REPORTQ/E Sep 202428 pos · $171.0M
- 13F HOLDINGS REPORTQ/E Jun 202423 pos · $155.2M
- 13F HOLDINGS REPORTQ/E Mar 202423 pos · $148,794
- 13F HOLDINGS REPORTQ/E Dec 202323 pos · $120,559
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | 922908363 | 118,810 | $74.5M | 37.32% |
| 2 | SPDR S&P 500 ETR TR | SPY | 39,878 | $27.2M | 13.62% |
| 3 | SPDR SERIES TRUST | 78464A409 | 218,034 | $23.3M | 11.65% |
| 4 | INVESCO QQQ TR | IVZ | 22,378 | $13.7M | 6.89% |
| 5 | ISHARES TR | 464287721 | 41,568 | $8.3M | 4.16% |
| 6 | SELECT SECTOR SPDR TR | 81369Y852 | 58,213 | $6.9M | 3.43% |
| 7 | SPDR SERIES TRUST | 78464A854 | 75,659 | $6.1M | 3.04% |
| 8 | VANGUARD INDEX FDS | 922908736 | 12,005 | $5.9M | 2.93% |
| 9 | VANGUARD WORLD FD | 92204A702 | 5,755 | $4.3M | 2.17% |
| 10 | SPDR GOLD TR | GLD | 10,590 | $4.2M | 2.10% |
| 11 | SELECT SECTOR SPDR TR | 81369Y803 | 27,397 | $3.9M | 1.98% |
| 12 | SCHWAB STRATEGIC TR | 808524300 | 106,782 | $3.5M | 1.74% |
| 13 | VANECK ETF TRUST | 92189F676 | 9,380 | $3.4M | 1.69% |
| 14 | FIDELITY COVINGTON TRUST | 316092808 | 13,322 | $3.0M | 1.50% |
| 15 | INVESCO EXCHANGE TRADED FD T | IVZ | 12,964 | $2.5M | 1.24% |
| 16 | SELECT SECTOR SPDR TR | 81369Y605 | 39,891 | $2.2M | 1.09% |
| 17 | ISHARES TR | 464289438 | 6,916 | $1.9M | 0.96% |
| 18 | FIDELITY COMWLTH TR | 315912808 | 14,768 | $1.3M | 0.68% |
| 19 | NVIDIA CORPORATION | NVDA | 4,937 | $920,931 | 0.46% |
| 20 | SELECT SECTOR SPDR TR | 81369Y704 | 5,520 | $856,279 | 0.43% |