INVESTMENT MANAGEMENT ASSOCIATES INC /ADV
CIK
52024
Location
GREENWOOD VILLAGE, CO
Portfolio Value
Small
$406,658,559
Diversification
Diversified
Filing Date
Global Rank
#1,152
/ 4,286
▲ 1751
Top Industry
Healthcare Plans
14.9%
3Y Alpha vs SPY
-3.7%
Period ended 38 days ago
Filed Aug 3, 2026 · 4d
23 quarters · since Dec 2020
Clone Performance
Aug 2023–Aug 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+63.0%
SPY
+77.0%
Annualised alpha
-3.3%
Max drawdown
−12.1%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 99% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
24 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
12.9%
+1.3 pts
Top 5
44.4%
+0.4 pts
Top 10
71.2%
−0.1 pts
HHI
661
Diversified+18
Portfolio Trend
23 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Healthcare | 28.1% | $114,440,482 |
| Energy | 18.2% | $73,946,002 |
| Unclassified | 13.1% | $53,321,878 |
| Technology | 12.4% | $50,505,881 |
| Financial Services | 10.9% | $44,199,093 |
| Consumer Defensive | 9.3% | $37,881,109 |
| Industrials | 7.9% | $32,125,774 |
| Consumer Cyclical | 0.1% | $238,340 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
4 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PHG | Koninklijke Philips NV | +344,372 | 859,379 | $23,366,515 | |
| NU | Nu Holdings Ltd. | +182,401 | 1,256,018 | $16,780,400 | |
| BAX | Baxter International Inc | +121,912 | 900,843 | $19,205,972 | |
| SPRY | ARS Pharmaceuticals, Inc. | +14,417 | 373,491 | $2,991,662 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
14 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BTI | British American Tobacco p.l.c. | −177,676 | 272,457 | $16,826,944 | |
| BSM | Black Stone Minerals, L.P. | −52,818 | 1,848,184 | $25,819,130 | |
| INVX | Innovex International, Inc. | −26,664 | 605,042 | $15,005,041 | |
| EPD | Enterprise Products Partners L.P. | −14,076 | 524,941 | $19,296,831 | |
| SOLV | Solventum Corp | −11,888 | 105,417 | $8,132,921 | |
| CNQ | CANADIAN NATURAL RESOURCES Ltd | −10,870 | 350,000 | $13,825,000 | |
| UBER | Uber Technologies, Inc | −7,981 | 485,805 | $35,055,688 | |
| PM | Philip Morris International Inc. | −5,212 | 114,566 | $20,726,135 | |
| MOH | Molina Healthcare, Inc. | −2,894 | 230,258 | $52,660,004 | |
| CACI | Caci International Inc /De/ | −361 | 7,406 | $3,430,903 | |
| MCK | Mckesson Corp | −279 | 10,698 | $8,083,408 | |
| HII | Huntington Ingalls Industries, Inc. | −257 | 114,780 | $32,125,774 | |
| TFIN | Triumph Financial, Inc. | −151 | 353,851 | $27,002,369 | |
| BRK-B | Berkshire Hathaway Inc | −120 | 832 | $416,324 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited
6 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| LBRDA | Liberty Broadband Corp | 467,220 | $23,501,166 | |
| QCOM | Qualcomm Inc/De | 100,185 | $12,901,824 | |
| GLD | Spdr Gold Trust | 25,000 | $10,757,250 | |
| SII | Sprott Inc. | 6,051 | $864,687 | |
| IMPP | Imperial Petroleum Inc./Marshall Islands | 12,000 | $51,360 | |
| QVCAQ | QVC Group, Inc. | 21,120 | $45,830 | |
| No positions match the current search. | ||||
24 tracked positions ·
$406,658,559 total
· filing declares
32 positions · $487,393,740
· as of Jun 30, 2026
All sectors
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MOH |
Molina Healthcare, Inc.
Healthcare
|
Reduced | 230,258 | $52,660,004 | 12.95% | |
| UBER |
Uber Technologies, Inc
Technology
|
Reduced | 485,805 | $35,055,688 | 8.62% | |
| QQQ |
Invesco Qqq Trust, Series 1
PUT
|
NEW | 45,900 | $33,800,760 | 8.31% | |
| HII |
Huntington Ingalls Industries, Inc.
Industrials
|
Reduced | 114,780 | $32,125,774 | 7.90% | |
| TFIN |
Triumph Financial, Inc.
Financial Services
|
Reduced | 353,851 | $27,002,369 | 6.64% | |
| BSM |
Black Stone Minerals, L.P.
Energy
|
Reduced | 1,848,184 | $25,819,130 | 6.35% | |
| PHG |
Koninklijke Philips NV
Healthcare
|
Added | 859,379 | $23,366,515 | 5.75% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Reduced | 114,566 | $20,726,135 | 5.10% | |
| GLDM |
World Gold Trust
|
NEW | 245,796 | $19,521,118 | 4.80% | |
| EPD |
Enterprise Products Partners L.P.
Energy
|
Reduced | 524,941 | $19,296,831 | 4.75% | |
| BAX |
Baxter International Inc
Healthcare
|
Added | 900,843 | $19,205,972 | 4.72% | |
| BTI |
British American Tobacco p.l.c.
Consumer Defensive
|
Reduced | 272,457 | $16,826,944 | 4.14% | |
| NU |
Nu Holdings Ltd.
Financial Services
|
Added | 1,256,018 | $16,780,400 | 4.13% | |
| INVX |
Innovex International, Inc.
Energy
|
Reduced | 605,042 | $15,005,041 | 3.69% | |
| CNQ |
CANADIAN NATURAL RESOURCES Ltd
Energy
|
Reduced | 350,000 | $13,825,000 | 3.40% | |
| WSE |
Wise Group plc
Technology
|
NEW | 975,576 | $11,619,110 | 2.86% | |
| SOLV |
Solventum Corp
Healthcare
|
Reduced | 105,417 | $8,132,921 | 2.00% | |
| MCK |
Mckesson Corp
Healthcare
|
Reduced | 10,698 | $8,083,408 | 1.99% | |
| CACI |
Caci International Inc /De/
Technology
|
Reduced | 7,406 | $3,430,903 | 0.84% | |
| SPRY |
ARS Pharmaceuticals, Inc.
Healthcare
|
Added | 373,491 | $2,991,662 | 0.74% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 832 | $416,324 | 0.10% | |
| NVDA |
Nvidia Corp
PUT
+ SHARES
Technology
|
Held | 2,000 | $400,180 | 0.10% | |
| DEO |
Diageo PLC
Consumer Defensive
|
NEW | 4,081 | $328,030 | 0.08% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Held | 1,000 | $238,340 | 0.06% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.