Filed: 2/3/2026ACC: 0000052024-26-000001
📋 What this filing means
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV filed this quarterly 13F‑HR report disclosing 28 equity positions with a total reported market value of $362.61M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
28
Positions
$362.61M
Total AUM (reported)
8.66M
Total Shares
Allocation by class
COM$212.64M58.6%
SPONSORED ADR$25.69M7.1%
COM UNIT$25.28M7.0%
CL A$23.29M6.4%
COM SER C$20.86M5.8%
ORD SHS CL A$15.55M4.3%
COM SHS$14.27M3.9%
Portfolio Concentration
Top 3$114.81M31.7%
4–10$146.18M40.3%
11–25$100.84M27.8%
Rest$773.9K0.2%
Top 3 weight
31.7%
Top 10 weight
72.0%
Voting Authority Distribution
Total shares with voting rights: 8.66M
Sole
Full voting authority
24.17K
shares
% of voting shares0.3%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
8.64M
shares
% of voting shares99.7%
Investment Discretion (by position count)
Sole28
Shared0
Other0
Dominant voting typeNone · 99.7% of voting shares
Institutional Holdings28
Rows:
HUNTINGTON INGALLS INDS INC
SOLEShares115.38K
TypeSH
Market value$39.24M
10.82%
Sole
345.00
Shared
0.00
None
115.03K
MOLINA HEALTHCARE INC
SOLEShares225.54K
TypeSH
Market value$39.14M
10.79%
Sole
671.00
Shared
0.00
None
224.87K
UBER TECHNOLOGIES INC
SOLEShares445.91K
TypeSH
Market value$36.44M
10.05%
Sole
1.27K
Shared
0.00
None
444.64K
BRITISH AMERN TOB PLC
SOLEShares453.81K
TypeSH
Market value$25.69M
7.09%
Sole
1.43K
Shared
0.00
None
452.37K
BLACK STONE MINERALS L P
SOLEShares1.90M
TypeSH
Market value$25.28M
6.97%
Sole
5.63K
Shared
0.00
None
1.90M
TRIUMPH FINANCIAL INC
SOLEShares340.16K
TypeSH
Market value$21.30M
5.88%
Sole
926.00
Shared
0.00
None
339.24K
LIBERTY BROADBAND CORP
SOLEShares429.28K
TypeSH
Market value$20.86M
5.75%
Sole
1.23K
Shared
0.00
None
428.06K
PHILIP MORRIS INTL INC
SOLEShares120.59K
TypeSH
Market value$19.34M
5.33%
Sole
348.00
Shared
0.00
None
120.24K
ENTERPRISE PRODS PARTNERS L
SOLEShares530.32K
TypeSH
Market value$17.00M
4.69%
Sole
1.75K
Shared
0.00
None
528.58K
COMCAST CORP NEW
SOLEShares558.37K
TypeSH
Market value$16.69M
4.60%
Sole
1.55K
Shared
0.00
None
556.82K
NU HLDGS LTD
SOLEShares928.72K
TypeSH
Market value$15.55M
4.29%
Sole
2.51K
Shared
0.00
None
926.21K
SOLVENTUM CORP
SOLEShares180.10K
TypeSH
Market value$14.27M
3.94%
Sole
852.00
Shared
0.00
None
179.25K
INNOVEX INTERNATIONAL INC
SOLEShares631.69K
TypeSH
Market value$13.81M
3.81%
Sole
2.08K
Shared
0.00
None
629.61K
KONINKLIJKE PHILIPS N V
SOLEShares507.26K
TypeSH
Market value$13.74M
3.79%
Sole
1.64K
Shared
0.00
None
505.62K
CANADIAN NAT RES LTD
SOLEShares358.30K
TypeSH
Market value$12.13M
3.34%
Sole
745.00
Shared
0.00
None
357.55K
MCKESSON CORP
SOLEShares11.04K
TypeSH
Market value$9.06M
2.50%
Sole
37.00
Shared
0.00
None
11.01K
CACI INTL INC
SOLEShares12.39K
TypeSH
Market value$6.60M
1.82%
Sole
32.00
Shared
0.00
None
12.36K
SPDR GOLD TR
SOLEShares65.10K
TypeSH
Market value$4.78M
1.32%
Sole
200.00
Shared
0.00
None
64.90K
ISHARES TR
SOLEShares33.06K
TypeSH
Market value$3.64M
1.00%
Sole
0.00
Shared
0.00
None
33.06K
ARS PHARMACEUTICALS INC
SOLEShares311.50K
TypeSH
Market value$3.63M
1.00%
Sole
914.00
Shared
0.00
None
310.59K
BERKSHIRE HATHAWAY INC DEL
SOLEShares2.14K
TypeSH
Market value$1.07M
0.30%
Sole
0.00
Shared
0.00
None
2.14K
SPROTT INC
SOLEShares10.36K
TypeSH
Market value$1.01M
0.28%
Sole
0.00
Shared
0.00
None
10.36K
APPLE INC
SOLEShares3.12K
TypeSH
Market value$847.8K
0.23%
Sole
0.00
Shared
0.00
None
3.12K
NVIDIA CORPORATION
SOLEShares2K
TypeSH
Market value$373.0K
0.10%
Sole
0.00
Shared
0.00
None
2K
THERMO FISHER SCIENTIFIC INC
SOLEShares563.00
TypeSH
Market value$326.2K
0.09%
Sole
0.00
Shared
0.00
None
563.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
HUNTINGTON INGALLS INDS INCSOLE | COM | 115.38K | SH | $39.24M 10.82% | 345.00 | 0.00 | 115.03K |
MOLINA HEALTHCARE INCSOLE | COM | 225.54K | SH | $39.14M 10.79% | 671.00 | 0.00 | 224.87K |
UBER TECHNOLOGIES INCSOLE | COM | 445.91K | SH | $36.44M 10.05% | 1.27K | 0.00 | 444.64K |
BRITISH AMERN TOB PLCSOLE | SPONSORED ADR | 453.81K | SH | $25.69M 7.09% | 1.43K | 0.00 | 452.37K |
BLACK STONE MINERALS L PSOLE | COM UNIT | 1.90M | SH | $25.28M 6.97% | 5.63K | 0.00 | 1.90M |
TRIUMPH FINANCIAL INCSOLE | COM | 340.16K | SH | $21.30M 5.88% | 926.00 | 0.00 | 339.24K |
LIBERTY BROADBAND CORPSOLE | COM SER C | 429.28K | SH | $20.86M 5.75% | 1.23K | 0.00 | 428.06K |
PHILIP MORRIS INTL INCSOLE | COM | 120.59K | SH | $19.34M 5.33% | 348.00 | 0.00 | 120.24K |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 530.32K | SH | $17.00M 4.69% | 1.75K | 0.00 | 528.58K |
COMCAST CORP NEWSOLE | CL A | 558.37K | SH | $16.69M 4.60% | 1.55K | 0.00 | 556.82K |
NU HLDGS LTDSOLE | ORD SHS CL A | 928.72K | SH | $15.55M 4.29% | 2.51K | 0.00 | 926.21K |
SOLVENTUM CORPSOLE | COM SHS | 180.10K | SH | $14.27M 3.94% | 852.00 | 0.00 | 179.25K |
INNOVEX INTERNATIONAL INCSOLE | COM | 631.69K | SH | $13.81M 3.81% | 2.08K | 0.00 | 629.61K |
KONINKLIJKE PHILIPS N VSOLE | NY REGIS SHS NEW | 507.26K | SH | $13.74M 3.79% | 1.64K | 0.00 | 505.62K |
CANADIAN NAT RES LTDSOLE | COM | 358.30K | SH | $12.13M 3.34% | 745.00 | 0.00 | 357.55K |
MCKESSON CORPSOLE | COM | 11.04K | SH | $9.06M 2.50% | 37.00 | 0.00 | 11.01K |
CACI INTL INCSOLE | CL A | 12.39K | SH | $6.60M 1.82% | 32.00 | 0.00 | 12.36K |
SPDR GOLD TRSOLE | GOLD SHS | 65.10K | SH | $4.78M 1.32% | 200.00 | 0.00 | 64.90K |
ISHARES TRSOLE | TRUST ISHARE 0-1 | 33.06K | SH | $3.64M 1.00% | 0.00 | 0.00 | 33.06K |
ARS PHARMACEUTICALS INCSOLE | COM | 311.50K | SH | $3.63M 1.00% | 914.00 | 0.00 | 310.59K |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 2.14K | SH | $1.07M 0.30% | 0.00 | 0.00 | 2.14K |
SPROTT INCSOLE | COM NEW | 10.36K | SH | $1.01M 0.28% | 0.00 | 0.00 | 10.36K |
APPLE INCSOLE | COM | 3.12K | SH | $847.8K 0.23% | 0.00 | 0.00 | 3.12K |
NVIDIA CORPORATIONSOLE | COM | 2K | SH | $373.0K 0.10% | 0.00 | 0.00 | 2K |
THERMO FISHER SCIENTIFIC INCSOLE | COM | 563.00 | SH | $326.2K 0.09% | 0.00 | 0.00 | 563.00 |
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