Phenomenal intentionality theories have recently enjoyed significant attention. According to these theories, the intentionality of a mental representation (what it is about) crucially depends on its phenomenal features. We present a new puzzle for these theories, involving a phenomenon called ‘intentional identity’, or ‘co-intentionality’. Co-intentionality is a ubiquitous intentional phenomenon that involves tracking things even when there is no concrete thing being tracked. We suggest that phenomenal intentionality theories need to either develop new uniquely phenomenal resources for handling the puzzle, (...) or restrict their explanatory ambitions. (shrink)