INVESTMENT MANAGEMENT ASSOCIATES INC /ADV — 13F Holdings & Portfolio
CIK 52024 · latest 13F-HR filed 2026-08-03
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV manages $487.4M in 13F-reported U.S. long-equity assets across 32 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are MOH (10.80%), UBER (7.19%), QQQ (6.94%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions and exited 4; 9 existing positions rose in reported value and 10 fell.
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.
Long-equity book
Distinct positions
Filed 2026-08-03
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 69.8%Cumulative share of the portfolio held in the largest N positions.
| Name | Title / Status | Ownership | Type |
|---|
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- MOLINA HEALTHCARE INC$21.6M +69.4%
- KONINKLIJKE PHILIPS N V$9.3M +65.6%
- BAXTER INTL INC$6.1M +46.8%
- TRIUMPH FINANCIAL INC$5.9M +27.9%
- NU HLDGS LTD$1.4M +8.8%
Top Trims
- HUNTINGTON INGALLS INDS INC-$11.6M -26.5%
- BRITISH AMERN TOB PLC-$9.5M -36.1%
- LIBERTY BROADBAND CORP-$7.7M -32.6%
- CANADIAN NAT RES LTD MED TER-$3.8M -21.4%
- BLACK STONE MINERALS L P-$2.9M -10.2%
New Positions
- WORLD GOLD TR$19.5M
- WISE GROUP PLC$11.6M
- DIAGEO PLC$328.0K
- SCHWAB STRATEGIC TR$223.4K
Exited Positions
- QUALCOMM INC$12.9M
- SPROTT INC$864.7K
- IMPERIAL PETE INC$51.4K
- QVC GROUP INC$45.8K
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV Holdings (2026-06-30)
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 | MOLINA HEALTHCARE INC | MOH | 60855R100 | $52.7M | 10.80% | 230,258 | SH |
| 2 | UBER TECHNOLOGIES INC | UBER | 90353T100 | $35.1M | 7.19% | 485,805 | SH |
| 3 | INVESCO QQQ TR Put | QQQ | 46090E103 | $33.8M | 6.94% | 45,900 | SH |
| 4 | HUNTINGTON INGALLS INDS INC | HII | 446413106 | $32.1M | 6.59% | 114,780 | SH |
| 5 | TRIUMPH FINANCIAL INC | TFIN | 89679E300 | $27.0M | 5.54% | 353,851 | SH |
| 6 | BLACK STONE MINERALS L P | BSM | 09225M101 | $25.8M | 5.30% | 1,848,184 | SH |
| 7 | ISHARES TR Put | TLT | 464287432 | $23.5M | 4.82% | 271,900 | SH |
| 8 | KONINKLIJKE PHILIPS N V | PHG | 500472303 | $23.4M | 4.79% | 859,379 | SH |
| 9 | ISHARES TR Put | SOXX | 464287523 | $21.6M | 4.43% | 33,700 | SH |
| 10 | PHILIP MORRIS INTL INC | PM | 718172109 | $20.7M | 4.25% | 114,566 | SH |
| 11 | WORLD GOLD TR | GLDM | 98149E303 | $19.5M | 4.01% | 245,796 | SH |
| 12 | ENTERPRISE PRODS PARTNERS L | EPD | 293792107 | $19.3M | 3.96% | 524,941 | SH |
| 13 | BAXTER INTL INC | BAX | 071813109 | $19.2M | 3.94% | 900,843 | SH |
| 14 | BRITISH AMERN TOB PLC | BTI | 110448107 | $16.8M | 3.45% | 272,457 | SH |
| 15 | NU HLDGS LTD | NU | G6683N103 | $16.8M | 3.44% | 1,256,018 | SH |
| 16 | LIBERTY BROADBAND CORP | LBRDK | 530307305 | $15.8M | 3.25% | 476,314 | SH |
| 17 | INNOVEX INTERNATIONAL INC | INVX | 457651107 | $15.0M | 3.08% | 605,042 | SH |
| 18 | ISHARES TR Put | TLT | 464287432 | $14.8M | 3.04% | 171,300 | SH |
| 19 | CANADIAN NAT RES LTD MED TER | CNQ | 136385101 | $13.8M | 2.84% | 350,000 | SH |
| 20 | WISE GROUP PLC | WSE | G9723Y105 | $11.6M | 2.38% | 975,576 | SH |
| 21 | SOLVENTUM CORP | SOLV | 83444M101 | $8.1M | 1.67% | 105,417 | SH |
| 22 | MCKESSON CORP | MCK | 58155Q103 | $8.1M | 1.66% | 10,698 | SH |
| 23 | ISHARES TR | SHV | 464288679 | $4.5M | 0.93% | 40,874 | SH |
| 24 | CACI INTL INC | CACI | 127190304 | $3.4M | 0.70% | 7,406 | SH |
| 25 | ARS PHARMACEUTICALS INC | SPRY | 82835W108 | $3.0M | 0.61% | 373,491 | SH |
| 26 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $416.3K | 0.09% | 832 | SH |
| 27 | DIAGEO PLC | DEO | 25243Q205 | $328.0K | 0.07% | 4,081 | SH |
| 28 | VANECK ETF TRUST | GDX | 92189F106 | $264.1K | 0.05% | 3,500 | SH |
| 29 | AMAZON COM INC | AMZN | 023135106 | $238.3K | 0.05% | 1,000 | SH |
| 30 | SCHWAB STRATEGIC TR | SCHD | 808524797 | $223.4K | 0.05% | 7,046 | SH |
| 31 | NVIDIA CORPORATION | NVDA | 67066G104 | $200.1K | 0.04% | 1,000 | SH |
| 32 | NVIDIA CORPORATION Put | NVDA | 67066G104 | $200.1K | 0.04% | 1,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-03 | $487.4M | 32 | 0000052024-26-000004 |
| 2026-03-31 | 2026-05-07 | $419.8M | 31 | 0000052024-26-000002 |
| 2025-12-31 | 2026-02-03 | $362.6M | 29 | 0000052024-26-000001 |
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