INVESTMENT MANAGEMENT ASSOCIATES INC /ADV

CIK

52024

Location

GREENWOOD VILLAGE, CO

Portfolio Value

Small $422,500,762

Diversification

Diversified

Filing Date

Global Rank

#3,151 / 8,710 ▲ 889

Top Industry

Healthcare Plans 14.3%

Period ended 3 months ago

Filed Aug 3, 2026 · 50d

23 quarters · since Dec 2020

Portfolio Concentration

25 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

12.5%

+0.1 pts

Top 5

42.8%

−4.2 pts

Top 10

68.5%

−5.2 pts

HHI

627

Diversified−59

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Healthcare	27.1%	$114,440,482	6
Energy	17.5%	$73,946,002	4
Unclassified	12.6%	$53,321,878	2
Technology	12.0%	$50,505,881	4
Financial Services	10.5%	$44,199,093	3
Consumer Defensive	9.0%	$37,881,109	3
Industrials	7.6%	$32,125,774	1
Communication Services	3.7%	$15,842,203	1
Consumer Cyclical	0.1%	$238,340	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
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
—		+9,094	476,314	$15,842,203
No positions match the current search.

Trimmed

Positions the filer reduced

14 positions

Ticker	Company	Δ Shares	Shares	Value
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.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	45,900	$33,800,760
GLDM	World Gold Trust	245,796	$19,521,118
WSE	Wise Group plc	975,576	$11,619,110
DEO	Diageo PLC	4,081	$328,030
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
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
AFK	VanEck Africa Index ETF	3,500	$321,195
IMPP	Imperial Petroleum Inc./Marshall Islands	12,000	$51,360
QVCAQ	QVC Group, Inc.	21,120	$45,830
AAXJ	iShares MSCI All Country Asia ex Japan ETF	495,712	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

25 tracked positions · $422,500,762 total · filing declares 32 positions · $487,393,740 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MOH	Molina Healthcare, Inc. Healthcare	Reduced	230,258	-2,894	$52,660,004	+69.4%	12.46%
UBER	Uber Technologies, Inc Technology	Reduced	485,805	-7,981	$35,055,688	−1.3%	8.30%
QQQ	Invesco Qqq Trust, Series 1 PUT	NEW	45,900	NEW	$33,800,760	NEW	8.00%
HII	Huntington Ingalls Industries, Inc. Industrials	Reduced	114,780	-257	$32,125,774	−26.5%	7.60%
TFIN	Triumph Financial, Inc. Financial Services	Reduced	353,851	-151	$27,002,369	+27.9%	6.39%
BSM	Black Stone Minerals, L.P. Energy	Reduced	1,848,184	-52,818	$25,819,130	−10.2%	6.11%
PHG	Koninklijke Philips NV Healthcare	Added	859,379	+344,372	$23,366,515	+65.6%	5.53%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	114,566	-5,212	$20,726,135	+4.7%	4.91%
GLDM	World Gold Trust	NEW	245,796	NEW	$19,521,118	NEW	4.62%
EPD	Enterprise Products Partners L.P. Energy	Reduced	524,941	-14,076	$19,296,831	−5.4%	4.57%
BAX	Baxter International Inc Healthcare	Added	900,843	+121,912	$19,205,972	+46.8%	4.55%
BTI	British American Tobacco p.l.c. Consumer Defensive	Reduced	272,457	-177,676	$16,826,944	−36.1%	3.98%
NU	Nu Holdings Ltd. Financial Services	Added	1,256,018	+182,401	$16,780,400	+8.8%	3.97%
		Added	476,314	+9,094	$15,842,203	—	3.75%
INVX	Innovex International, Inc. Energy	Reduced	605,042	-26,664	$15,005,041	−2.6%	3.55%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Reduced	350,000	-10,870	$13,825,000	−21.4%	3.27%
WSE	Wise Group plc Technology	NEW	975,576	NEW	$11,619,110	NEW	2.75%
SOLV	Solventum Corp Healthcare	Reduced	105,417	-11,888	$8,132,921	+6.2%	1.92%
MCK	Mckesson Corp Healthcare	Reduced	10,698	-279	$8,083,408	−14.9%	1.91%
CACI	Caci International Inc /De/ Technology	Reduced	7,406	-361	$3,430,903	−18.8%	0.81%
SPRY	ARS Pharmaceuticals, Inc. Healthcare	Added	373,491	+14,417	$2,991,662	+3.8%	0.71%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	832	-120	$416,324	−8.7%	0.10%
NVDA	Nvidia Corp PUT + SHARES Technology	Held	2,000	0	$400,180	+14.7%	0.09%
DEO	Diageo PLC Consumer Defensive	NEW	4,081	NEW	$328,030	NEW	0.08%
AMZN	Amazon Com Inc Consumer Cyclical	Held	1,000	0	$238,340	+14.4%	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.