INVESTMENT MANAGEMENT ASSOCIATES INC /ADV
CIK 0000052024
Annualised vol
6.7099%
Beta
0.214606
HHI
524.002737
Top-10 weight
60.658918%
VaR 95%
0.586975%
VaR 99%
1.205738%
Max drawdown
10.396032%
Matched value
41.331842%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| MOH | REDUCED | 230,258 | 233,152 | -1.24% | 52,660,005 |
| UBER | REDUCED | 485,805 | 493,786 | -1.62% | 35,055,689 |
| TFIN | REDUCED | 353,851 | 354,002 | -0.04% | 27,002,370 |
| BSM | REDUCED | 1,848,184 | 1,901,002 | -2.78% | 25,819,124 |
| PM | REDUCED | 114,566 | 119,778 | -4.35% | 20,726,220 |
| BAX | ADDED | 900,843 | 778,931 | 15.65% | 19,205,970 |
| INVX | REDUCED | 605,042 | 631,706 | -4.22% | 15,005,042 |
| WSE | NEW | 975,576 | - | - | 11,619,110 |
| SOLV | REDUCED | 105,417 | 117,305 | -10.13% | 8,132,922 |
| MCK | REDUCED | 10,698 | 10,977 | -2.54% | 8,083,267 |
| SPRY | ADDED | 373,491 | 359,074 | 4.02% | 2,991,663 |
| NVDA | UNCHANGED | 2,000 | 2,000 | 0.0% | 400,180 |
| DEO | NEW | 4,081 | - | - | 328,031 |
| AMZN | UNCHANGED | 1,000 | 1,000 | 0.0% | 238,340 |
| QVCG | CLOSED OUT | 0 | 21,120 | -100.0% | 0 |
| SII | CLOSED OUT | 0 | 6,051 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| MOH | REDUCED | MOLINA HEALTHCARE INC | COM | 60855R100 | 52,660,005 | 10.8 | 230258.0 |
| UBER | REDUCED | UBER TECHNOLOGIES INC | COM | 90353T100 | 35,055,689 | 7.19 | 485805.0 |
| - | INVESCO QQQ TR | UNIT SER 1 | 46090E103 | 33,800,760 | 6.94 | 45900.0 | |
| - | HUNTINGTON INGALLS INDS INC | COM | 446413106 | 32,125,873 | 6.59 | 114780.0 | |
| TFIN | REDUCED | TRIUMPH FINANCIAL INC | COM | 89679E300 | 27,002,370 | 5.54 | 353851.0 |
| BSM | REDUCED | BLACK STONE MINERALS L P | COM UNIT | 09225M101 | 25,819,124 | 5.3 | 1848184.0 |
| - | ISHARES TR | 20 YR TR BD ETF | 464287432 | 23,497,598 | 4.82 | 271900.0 | |
| - | KONINKLIJKE PHILIPS N V | NY REGIS SHS NEW | 500472303 | 23,366,517 | 4.79 | 859379.0 | |
| - | ISHARES TR | ISHARES SEMICDTR | 464287523 | 21,593,612 | 4.43 | 33700.0 | |
| PM | REDUCED | PHILIP MORRIS INTL INC | COM | 718172109 | 20,726,220 | 4.25 | 114566.0 |
| - | WORLD GOLD TR | SPDR GLD MINIS | 98149E303 | 19,521,118 | 4.01 | 245796.0 | |
| - | ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 19,296,832 | 3.96 | 524941.0 | |
| BAX | ADDED | BAXTER INTL INC | COM | 071813109 | 19,205,970 | 3.94 | 900843.0 |
| - | BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 | 16,826,934 | 3.45 | 272457.0 | |
| - | NU HLDGS LTD | ORD SHS CL A | G6683N103 | 16,780,400 | 3.44 | 1256018.0 | |
| - | LIBERTY BROADBAND CORP | COM SER C | 530307305 | 15,842,204 | 3.25 | 476314.0 | |
| INVX | REDUCED | INNOVEX INTERNATIONAL INC | COM | 457651107 | 15,005,042 | 3.08 | 605042.0 |
| - | ISHARES TR | 20 YR TR BD ETF | 464287432 | 14,803,746 | 3.04 | 171300.0 | |
| - | CANADIAN NAT RES LTD MED TER | COM | 136385101 | 13,824,993 | 2.84 | 350000.0 | |
| WSE | NEW | WISE GROUP PLC | ORD SHS CLASS A | G9723Y105 | 11,619,110 | 2.38 | 975576.0 |
| SOLV | REDUCED | SOLVENTUM CORP | COM SHS | 83444M101 | 8,132,922 | 1.67 | 105417.0 |
| MCK | REDUCED | MCKESSON CORP | COM | 58155Q103 | 8,083,267 | 1.66 | 10698.0 |
| - | ISHARES TR | TRUST ISHARE 0-1 | 464288679 | 4,510,488 | 0.93 | 40874.0 | |
| - | CACI INTL INC | CL A | 127190304 | 3,430,904 | 0.7 | 7406.0 | |
| SPRY | ADDED | ARS PHARMACEUTICALS INC | COM | 82835W108 | 2,991,663 | 0.61 | 373491.0 |
| - | BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 416,324 | 0.09 | 832.0 | |
| DEO | NEW | DIAGEO PLC | SPON ADR NEW | 25243Q205 | 328,031 | 0.07 | 4081.0 |
| - | VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | 264,075 | 0.05 | 3500.0 | |
| AMZN | UNCHANGED | AMAZON COM INC | COM | 023135106 | 238,340 | 0.05 | 1000.0 |
| - | SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 | 223,429 | 0.05 | 7046.0 | |
| NVDA | UNCHANGED | NVIDIA CORPORATION | COM | 67066G104 | 200,090 | 0.04 | 1000.0 |
| NVDA | UNCHANGED | NVIDIA CORPORATION | COM | 67066G104 | 200,090 | 0.04 | 1000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-03 | 487,393,740 | 32 | 6.7099 | 0.214606 | 10.396032 |
| 2026-03-31 | 2026-05-07 | 419,830,931 | 31 | 6.171863 | 0.205865 | 10.988977 |
| 2025-12-31 | 2026-02-03 | 362,608,502 | 29 | 8.005874 | 0.270222 | 14.016517 |
| 2025-09-30 | 2025-11-06 | 364,482,852 | 31 | 7.967324 | 0.270104 | 15.974204 |
| 2025-03-31 | 2025-04-30 | 244,442,753 | 23 | 7.46327 | 0.249144 | 15.52831 |
| 2024-12-31 | 2025-02-03 | 229,113,910 | 28 | 6.893855 | 0.233006 | 14.26354 |