Filed: 11/6/2025ACC: 0000052024-25-000006
📋 What this filing means
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV filed this quarterly 13F‑HR report disclosing 30 equity positions with a total reported market value of $339.39M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
30
Positions
$339.39M
Total AUM (reported)
7.94M
Total Shares
Allocation by class
COM$192.86M56.8%
SPONSORED ADR$30.45M9.0%
COM UNIT$25.42M7.5%
COM SHS$18.90M5.6%
COM SER C$16.90M5.0%
CL A$16.81M5.0%
NY REGIS SHS NEW$13.75M4.1%
Portfolio Concentration
Top 3$107.42M31.6%
4–10$131.89M38.9%
11–25$98.27M29.0%
Rest$1.82M0.5%
Top 3 weight
31.6%
Top 10 weight
70.5%
Voting Authority Distribution
Total shares with voting rights: 7.94M
Sole
Full voting authority
20.02K
shares
% of voting shares0.3%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
7.92M
shares
% of voting shares99.7%
Investment Discretion (by position count)
Sole30
Shared0
Other0
Dominant voting typeNone · 99.7% of voting shares
Institutional Holdings30
Rows:
UBER TECHNOLOGIES INC
SOLEShares444.95K
TypeSH
Market value$43.59M
12.84%
Sole
1.27K
Shared
0.00
None
443.68K
HUNTINGTON INGALLS INDS INC
SOLEShares115.93K
TypeSH
Market value$33.38M
9.83%
Sole
345.00
Shared
0.00
None
115.59K
BRITISH AMERN TOB PLC
SOLEShares573.59K
TypeSH
Market value$30.45M
8.97%
Sole
1.64K
Shared
0.00
None
571.95K
BLACK STONE MINERALS L P
SOLEShares1.93M
TypeSH
Market value$25.42M
7.49%
Sole
5.63K
Shared
0.00
None
1.93M
MOLINA HEALTHCARE INC
SOLEShares105.79K
TypeSH
Market value$20.24M
5.96%
Sole
319.00
Shared
0.00
None
105.47K
PHILIP MORRIS INTL INC
SOLEShares121.53K
TypeSH
Market value$19.71M
5.81%
Sole
348.00
Shared
0.00
None
121.19K
SOLVENTUM CORP
SOLEShares258.95K
TypeSH
Market value$18.90M
5.57%
Sole
784.00
Shared
0.00
None
258.17K
LIBERTY BROADBAND CORP
SOLEShares265.92K
TypeSH
Market value$16.90M
4.98%
Sole
510.00
Shared
0.00
None
265.41K
ENTERPRISE PRODS PARTNERS L
SOLEShares535.44K
TypeSH
Market value$16.74M
4.93%
Sole
1.75K
Shared
0.00
None
533.70K
MCKESSON CORP
SOLEShares18.08K
TypeSH
Market value$13.97M
4.12%
Sole
64.00
Shared
0.00
None
18.02K
KONINKLIJKE PHILIPS N V
SOLEShares504.36K
TypeSH
Market value$13.75M
4.05%
Sole
1.64K
Shared
0.00
None
502.72K
TRIUMPH FINANCIAL INC
SOLEShares253.40K
TypeSH
Market value$12.68M
3.74%
Sole
733.00
Shared
0.00
None
252.67K
INNOVEX INTERNATIONAL INC
SOLEShares634.06K
TypeSH
Market value$11.76M
3.46%
Sole
2.08K
Shared
0.00
None
631.98K
CANADIAN NAT RES LTD
SOLEShares335.25K
TypeSH
Market value$10.71M
3.16%
Sole
445.00
Shared
0.00
None
334.81K
COMCAST CORP NEW
SOLEShares337.70K
TypeSH
Market value$10.61M
3.13%
Sole
416.00
Shared
0.00
None
337.28K
NU HLDGS LTD
SOLEShares498.34K
TypeSH
Market value$7.98M
2.35%
Sole
1.45K
Shared
0.00
None
496.89K
CACI INTL INC
SOLEShares12.44K
TypeSH
Market value$6.20M
1.83%
Sole
32.00
Shared
0.00
None
12.40K
HUMANA INC
SOLEShares19.97K
TypeSH
Market value$5.19M
1.53%
Sole
59.00
Shared
0.00
None
19.91K
BERKSHIRE HATHAWAY INC DEL
SOLEShares9.37K
TypeSH
Market value$4.71M
1.39%
Sole
0.00
Shared
0.00
None
9.37K
ELEVANCE HEALTH INC FORMERLY
SOLEShares13.11K
TypeSH
Market value$4.24M
1.25%
Sole
31.00
Shared
0.00
None
13.08K
ISHARES TR
SOLEShares33.19K
TypeSH
Market value$3.53M
1.04%
Sole
0.00
Shared
0.00
None
33.19K
ISHARES TR
SOLEShares25.59K
TypeSH
Market value$2.83M
0.83%
Sole
0.00
Shared
0.00
None
25.59K
SPDR GOLD TR
SOLEShares65.10K
TypeSH
Market value$2.55M
0.75%
Sole
200.00
Shared
0.00
None
64.90K
SPROTT INC
SOLEShares10.45K
TypeSH
Market value$868.9K
0.26%
Sole
0.00
Shared
0.00
None
10.45K
QVC GROUP INC
SOLEShares48.60K
TypeSH
Market value$655.6K
0.19%
Sole
78.00
Shared
0.00
None
48.52K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
UBER TECHNOLOGIES INCSOLE | COM | 444.95K | SH | $43.59M 12.84% | 1.27K | 0.00 | 443.68K |
HUNTINGTON INGALLS INDS INCSOLE | COM | 115.93K | SH | $33.38M 9.83% | 345.00 | 0.00 | 115.59K |
BRITISH AMERN TOB PLCSOLE | SPONSORED ADR | 573.59K | SH | $30.45M 8.97% | 1.64K | 0.00 | 571.95K |
BLACK STONE MINERALS L PSOLE | COM UNIT | 1.93M | SH | $25.42M 7.49% | 5.63K | 0.00 | 1.93M |
MOLINA HEALTHCARE INCSOLE | COM | 105.79K | SH | $20.24M 5.96% | 319.00 | 0.00 | 105.47K |
PHILIP MORRIS INTL INCSOLE | COM | 121.53K | SH | $19.71M 5.81% | 348.00 | 0.00 | 121.19K |
SOLVENTUM CORPSOLE | COM SHS | 258.95K | SH | $18.90M 5.57% | 784.00 | 0.00 | 258.17K |
LIBERTY BROADBAND CORPSOLE | COM SER C | 265.92K | SH | $16.90M 4.98% | 510.00 | 0.00 | 265.41K |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 535.44K | SH | $16.74M 4.93% | 1.75K | 0.00 | 533.70K |
MCKESSON CORPSOLE | COM | 18.08K | SH | $13.97M 4.12% | 64.00 | 0.00 | 18.02K |
KONINKLIJKE PHILIPS N VSOLE | NY REGIS SHS NEW | 504.36K | SH | $13.75M 4.05% | 1.64K | 0.00 | 502.72K |
TRIUMPH FINANCIAL INCSOLE | COM | 253.40K | SH | $12.68M 3.74% | 733.00 | 0.00 | 252.67K |
INNOVEX INTERNATIONAL INCSOLE | COM | 634.06K | SH | $11.76M 3.46% | 2.08K | 0.00 | 631.98K |
CANADIAN NAT RES LTDSOLE | COM | 335.25K | SH | $10.71M 3.16% | 445.00 | 0.00 | 334.81K |
COMCAST CORP NEWSOLE | CL A | 337.70K | SH | $10.61M 3.13% | 416.00 | 0.00 | 337.28K |
NU HLDGS LTDSOLE | ORD SHS CL A | 498.34K | SH | $7.98M 2.35% | 1.45K | 0.00 | 496.89K |
CACI INTL INCSOLE | CL A | 12.44K | SH | $6.20M 1.83% | 32.00 | 0.00 | 12.40K |
HUMANA INCSOLE | COM | 19.97K | SH | $5.19M 1.53% | 59.00 | 0.00 | 19.91K |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 9.37K | SH | $4.71M 1.39% | 0.00 | 0.00 | 9.37K |
ELEVANCE HEALTH INC FORMERLYSOLE | COM | 13.11K | SH | $4.24M 1.25% | 31.00 | 0.00 | 13.08K |
ISHARES TRSOLE | NATIONAL MUN ETF | 33.19K | SH | $3.53M 1.04% | 0.00 | 0.00 | 33.19K |
ISHARES TRSOLE | SHORT TREAS BD | 25.59K | SH | $2.83M 0.83% | 0.00 | 0.00 | 25.59K |
SPDR GOLD TRSOLE | GOLD SHS | 65.10K | SH | $2.55M 0.75% | 200.00 | 0.00 | 64.90K |
SPROTT INCSOLE | COM NEW | 10.45K | SH | $868.9K 0.26% | 0.00 | 0.00 | 10.45K |
QVC GROUP INCSOLE | COM SER A NEW | 48.60K | SH | $655.6K 0.19% | 78.00 | 0.00 | 48.52K |
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