Ciovacco Capital Management LLC Diversified Active

Period: Q4 2025 (← Previous)

Filing Date: Feb 9, 2026

Total Value ($000): $199,650 (100.0% shares, 0.0% debt)

Holdings (27)

New Positions (1)

Value ($000) $270 Shares 994 Est. Cost $268.34 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	994	$270	0.1%	$268.34	0.0%	COM	037833100

Increased Positions (4)

XLK SELECT SECTOR SPDR TR 2.0%

Value ($000) $3,944 (+15.5%) Shares 27,397 (+126.2%) Est. Cost $80.40 Unrealized —

IYW ISHARES TR 4.2%

Value ($000) $8,300 (+4.2%) Shares 41,568 (+2.2%) Est. Cost $33.52 Unrealized —

SCHG SCHWAB STRATEGIC TR 1.7%

Value ($000) $3,483 (+4.9%) Shares 106,782 (+2.6%) Est. Cost $26.47 Unrealized —

AMZN AMAZON COM INC 0.2%

Value ($000) $323 (+10.9%) Shares 1,400 (+5.5%) Est. Cost $201.76 Unrealized +13.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLK	SELECT SECTOR SPDR TR	27,397 (+126.2%)	$3,944 (+15.5%)	2.0%	$80.40	—	STATE STREET TEC	81369Y803
IYW	ISHARES TR	41,568 (+2.2%)	$8,300 (+4.2%)	4.2%	$33.52	—	U.S. TECH ETF	464287721
SCHG	SCHWAB STRATEGIC TR	106,782 (+2.6%)	$3,483 (+4.9%)	1.7%	$26.47	—	US LCAP GR ETF	808524300
AMZN	AMAZON COM INC	1,400 (+5.5%)	$323 (+10.9%)	0.2%	$201.76	+13.4%	COM	023135106

Exited Positions (4)

GBTC GRAYSCALE BITCOIN TRUST ETF 0.2%

Value ($000) $392 Shares 7,748 Est. Cost $50.63 Unrealized —

ETHE GRAYSCALE ETHEREUM TRUST ETF 0.2%

Value ($000) $353 Shares 9,011 Est. Cost $39.18 Unrealized —

HOOD ROBINHOOD MKTS INC 0.1%

Value ($000) $287 Shares 2,002 Est. Cost $109.05 Unrealized +19.3%

FDD FIRST TR EXCHANGE-TRADED FD 0.1%

Value ($000) $202 Shares 12,496 Est. Cost $15.54 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GBTC	GRAYSCALE BITCOIN TRUST ETF	7,748	$392	0.2%	$50.63	—	—	389637109
ETHE	GRAYSCALE ETHEREUM TRUST ETF	9,011	$353	0.2%	$39.18	—	—	389638107
HOOD	ROBINHOOD MKTS INC	2,002	$287	0.1%	$109.05	+19.3%	—	770700102
FDD	FIRST TR EXCHANGE-TRADED FD	12,496	$202	0.1%	$15.54	—	—	33735T109

Decreased Positions (14)

VOO VANGUARD INDEX FDS 37.3%

Value ($000) $74,510 (+1.3%) Shares 118,810 (-1.1%) Est. Cost $191.85 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 1.2%

Value ($000) $2,483 (-15.1%) Shares 12,964 (-15.9%) Est. Cost $124.12 Unrealized —

SMH VANECK ETF TRUST 1.7%

Value ($000) $3,378 (+8.6%) Shares 9,380 (-1.6%) Est. Cost $15.92 Unrealized —

XLC SELECT SECTOR SPDR TR 3.4%

Value ($000) $6,853 (-3.4%) Shares 58,213 (-2.8%) Est. Cost $36.02 Unrealized —

XLF SELECT SECTOR SPDR TR 1.1%

Value ($000) $2,185 (-7.1%) Shares 39,891 (-8.7%) Est. Cost $52.37 Unrealized —

SPYM SPDR SERIES TRUST 3.0%

Value ($000) $6,069 (-2.1%) Shares 75,659 (-4.4%) Est. Cost $40.37 Unrealized —

QQQ INVESCO QQQ TR 6.9%

Value ($000) $13,748 (+0.7%) Shares 22,378 (-1.5%) Est. Cost $298.96 Unrealized —

VUG VANGUARD INDEX FDS 2.9%

Value ($000) $5,857 (+0.5%) Shares 12,005 (-1.2%) Est. Cost $209.14 Unrealized —

VGT VANGUARD WORLD FD 2.2%

Value ($000) $4,339 (-0.5%) Shares 5,755 (-1.4%) Est. Cost $143.60 Unrealized —

FTEC FIDELITY COVINGTON TRUST 1.5%

Value ($000) $2,993 (-0.6%) Shares 13,322 (-1.7%) Est. Cost $197.22 Unrealized —

SPYG SPDR SERIES TRUST 11.7%

Value ($000) $23,264 (+0.1%) Shares 218,034 (-2.0%) Est. Cost $95.32 Unrealized —

NVDA NVIDIA CORPORATION 0.5%

Value ($000) $921 (-1.4%) Shares 4,937 (-1.4%) Est. Cost $125.82 Unrealized +47.9%

XLI SELECT SECTOR SPDR TR 0.4%

Value ($000) $856 (-0.9%) Shares 5,520 (-1.5%) Est. Cost $0.10 Unrealized —

SPY SPDR S&P 500 ETR TR 13.6%

Value ($000) $27,194 (+0.0%) Shares 39,878 (-2.3%) Est. Cost $20.11 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	118,810 (-1.1%)	$74,510 (+1.3%)	37.3%	$191.85	—	S&P 500 ETF SHS	922908363
RSP	INVESCO EXCHANGE TRADED FD T	12,964 (-15.9%)	$2,483 (-15.1%)	1.2%	$124.12	—	S&P500 EQL WGT	46137V357
SMH	VANECK ETF TRUST	9,380 (-1.6%)	$3,378 (+8.6%)	1.7%	$15.92	—	SEMICONDUCTR ETF	92189F676
XLC	SELECT SECTOR SPDR TR	58,213 (-2.8%)	$6,853 (-3.4%)	3.4%	$36.02	—	STATE STREET COM	81369Y852
XLF	SELECT SECTOR SPDR TR	39,891 (-8.7%)	$2,185 (-7.1%)	1.1%	$52.37	—	STATE STREET FIN	81369Y605
SPYM	SPDR SERIES TRUST	75,659 (-4.4%)	$6,069 (-2.1%)	3.0%	$40.37	—	STATE STREET SPD	78464A854
QQQ	INVESCO QQQ TR	22,378 (-1.5%)	$13,748 (+0.7%)	6.9%	$298.96	—	UNIT SER 1	46090E103
VUG	VANGUARD INDEX FDS	12,005 (-1.2%)	$5,857 (+0.5%)	2.9%	$209.14	—	GROWTH ETF	922908736
VGT	VANGUARD WORLD FD	5,755 (-1.4%)	$4,339 (-0.5%)	2.2%	$143.60	—	INF TECH ETF	92204A702
FTEC	FIDELITY COVINGTON TRUST	13,322 (-1.7%)	$2,993 (-0.6%)	1.5%	$197.22	—	MSCI INFO TECH I	316092808
SPYG	SPDR SERIES TRUST	218,034 (-2.0%)	$23,264 (+0.1%)	11.7%	$95.32	—	STATE STREET SPD	78464A409
NVDA	NVIDIA CORPORATION	4,937 (-1.4%)	$921 (-1.4%)	0.5%	$125.82	+47.9%	COM	67066G104
XLI	SELECT SECTOR SPDR TR	5,520 (-1.5%)	$856 (-0.9%)	0.4%	$0.10	—	STATE STREET IND	81369Y704
SPY	SPDR S&P 500 ETR TR	39,878 (-2.3%)	$27,194 (+0.0%)	13.6%	$20.11	—	TR UNIT	78462F103

Unchanged Positions (8)

GLD SPDR GOLD TR 2.1%

Value ($000) $4,197 Shares 10,590 Est. Cost $50.02 Unrealized —

GOOGL ALPHABET INC 0.1%

Value ($000) $299 Shares 954 Est. Cost $209.20 Unrealized +36.5%

ONEQ FIDELITY COMWLTH TR 0.7%

Value ($000) $1,350 Shares 14,768 Est. Cost $80.10 Unrealized —

IWY ISHARES TR 1.0%

Value ($000) $1,915 Shares 6,916 Est. Cost $273.65 Unrealized —

IVV ISHARES TR 0.2%

Value ($000) $315 Shares 459 Est. Cost $669.86 Unrealized —

GRW TCW ETF TRUST 0.1%

Value ($000) $265 Shares 8,530 Est. Cost $34.09 Unrealized —

GOSS GOSSAMER BIO INC 0.0%

Value ($000) $32 Shares 10,204 Est. Cost $2.20 Unrealized +29.5%

GRNY TIDAL TRUST I 0.2%

Value ($000) $306 Shares 12,362 Est. Cost $24.99 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	10,590	$4,197	2.1%	$50.02	—	GOLD SHS	78463V107
GOOGL	ALPHABET INC	954	$299	0.1%	$209.20	+36.5%	CAP STK CL A	02079K305
ONEQ	FIDELITY COMWLTH TR	14,768	$1,350	0.7%	$80.10	—	NASDAQ COMPSIT	315912808
IWY	ISHARES TR	6,916	$1,915	1.0%	$273.65	—	RUS TP200 GR ETF	464289438
IVV	ISHARES TR	459	$315	0.2%	$669.86	—	CORE S&P500 ETF	464287200
GRW	TCW ETF TRUST	8,530	$265	0.1%	$34.09	—	DURABLE GROWTH	29287L601
GOSS	GOSSAMER BIO INC	10,204	$32	0.0%	$2.20	+29.5%	COM	38341P102
GRNY	TIDAL TRUST I	12,362	$306	0.2%	$24.99	—	FUNDSTRAT GRANNY	886364231