Top Institutional Investors

INVESTMENT MANAGEMENT ASSOCIATES INC /ADV — 13F Holdings & Portfolio

CIK 52024 · latest 13F-HR filed 2026-05-07

Backtest portfolio

INVESTMENT MANAGEMENT ASSOCIATES INC /ADV manages $419.8M in 13F-reported U.S. long-equity assets across 31 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are HII (10.41%), UBER (8.46%), MOH (7.40%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 4 new positions, exited 3, added to 8, and trimmed 8.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM

$419.8M

Long-equity book

Holdings

31

Distinct positions

Period

2026-03-31

Filed 2026-05-07

Q/Q Activity

+4 / −3 / ↑8 / ↓8

vs 2025-12-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • CANADIAN NAT RES LTD MED TER$5.5M +45.0%
  • HUNTINGTON INGALLS INDS INC$4.5M +11.4%
  • BLACK STONE MINERALS L P$3.5M +13.7%
  • ENTERPRISE PRODS PARTNERS L$3.4M +20.0%
  • LIBERTY BROADBAND CORP$2.6M +12.6%
Show all 8 →

Top Trims

  • MOLINA HEALTHCARE INC-$8.1M -20.6%
  • SOLVENTUM CORP-$6.6M -46.3%
  • CACI INTL INC-$2.4M -36.0%
  • ARS PHARMACEUTICALS INC-$745.6K -20.5%
  • BERKSHIRE HATHAWAY INC DEL-$617.6K -57.5%
Show all 8 →

New Positions

  • BAXTER INTL INC$13.1M
  • QUALCOMM INC$12.9M
  • AMAZON COM INC$208.3K
  • IMPERIAL PETE INC$51.4K
Show all 4 →

Exited Positions

  • COMCAST CORP NEW$16.7M
  • APPLE INC$847.8K
  • THERMO FISHER SCIENTIFIC INC$326.2K
Show all 3 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 HUNTINGTON INGALLS INDS INC HII 446413106 $43.7M 10.41% 115,037 SH
2 UBER TECHNOLOGIES INC UBER 90353T100 $35.5M 8.46% 493,786 SH
3 MOLINA HEALTHCARE INC MOH 60855R100 $31.1M 7.40% 233,152 SH
4 BLACK STONE MINERALS L P BSM 09225M101 $28.7M 6.85% 1,901,002 SH
5 BRITISH AMERN TOB PLC BTI 110448107 $26.3M 6.27% 450,133 SH
6 ISHARES TR Put TLT 464287432 $24.5M 5.84% 282,700 SH
7 LIBERTY BROADBAND CORP LBRDK 530307305 $23.5M 5.60% 467,220 SH
8 TRIUMPH FINANCIAL INC TFIN 89679E300 $21.1M 5.03% 354,002 SH
9 ENTERPRISE PRODS PARTNERS L EPD 293792107 $20.4M 4.86% 539,017 SH
10 PHILIP MORRIS INTL INC PM 718172109 $19.8M 4.72% 119,778 SH
11 CANADIAN NAT RES LTD MED TER CNQ 136385101 $17.6M 4.19% 360,870 SH
12 NU HLDGS LTD NU G6683N103 $15.4M 3.67% 1,073,617 SH
13 ISHARES TR Put TLT 464287432 $15.4M 3.67% 177,800 SH
14 INNOVEX INTERNATIONAL INC INVX 457651107 $15.4M 3.67% 631,706 SH
15 KONINKLIJKE PHILIPS N V PHG 500472303 $14.1M 3.36% 515,007 SH
16 BAXTER INTL INC BAX 071813109 $13.1M 3.12% 778,931 SH
17 QUALCOMM INC QCOM 747525103 $12.9M 3.07% 100,185 SH
18 SPDR GOLD TR Call GLD 78463V107 $10.8M 2.56% 25,000 SH
19 MCKESSON CORP MCK 58155Q103 $9.5M 2.26% 10,977 SH
20 SOLVENTUM CORP SOLV 83444M101 $7.7M 1.82% 117,305 SH
21 CACI INTL INC CACI 127190304 $4.2M 1.01% 7,767 SH
22 ISHARES TR SHV 464288679 $3.9M 0.93% 35,212 SH
23 ARS PHARMACEUTICALS INC SPRY 82835W108 $2.9M 0.69% 359,074 SH
24 SPROTT INC SII 852066208 $864.7K 0.21% 6,051 SH
25 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $456.2K 0.11% 952 SH
26 VANECK ETF TRUST GDX 92189F106 $321.2K 0.08% 3,500 SH
27 AMAZON COM INC AMZN 023135106 $208.3K 0.05% 1,000 SH
28 NVIDIA CORPORATION NVDA 67066G104 $174.4K 0.04% 1,000 SH
29 NVIDIA CORPORATION Put NVDA 67066G104 $174.4K 0.04% 1,000 SH
30 IMPERIAL PETE INC IMPP Y3894J187 $51.4K 0.01% 12,000 SH
31 QVC GROUP INC QVCAQ 74915M605 $45.8K 0.01% 21,120 SH
Filing History
Period Filed AUM Holdings Accession
2026-03-31 2026-05-07 $419.8M 31 0000052024-26-000002
2025-12-31 2026-02-03 $362.6M 29 0000052024-26-000001