Filed: 5/7/2026ACC: 0000052024-26-000002
📋 What this filing means
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV filed this quarterly 13F‑HR report disclosing 29 equity positions with a total reported market value of $419.83M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
29
Positions
$419.83M
Total AUM (reported)
9.20M
Total Shares
Allocation by class
COM$243.54M58.0%
20 YR TR BD ETF$39.92M9.5%
COM UNIT$28.74M6.8%
SPONSORED ADR$26.32M6.3%
COM SER C$23.50M5.6%
ORD SHS CL A$15.43M3.7%
NY REGIS SHS NEW$14.11M3.4%
Portfolio Concentration
Top 3$119.14M28.4%
4–10$170.96M40.7%
11–25$129.10M30.8%
Rest$626.7K0.1%
Top 3 weight
28.4%
Top 10 weight
69.1%
Voting Authority Distribution
Total shares with voting rights: 9.20M
Sole
Full voting authority
39.10K
shares
% of voting shares0.4%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
9.16M
shares
% of voting shares99.6%
Investment Discretion (by position count)
Sole29
Shared0
Other0
Dominant voting typeNone · 99.6% of voting shares
Institutional Holdings29
Rows:
HUNTINGTON INGALLS INDS INC
SOLEShares115.04K
TypeSH
Market value$43.70M
10.41%
Sole
345.00
Shared
0.00
None
114.69K
ISHARES TR
SOLEShares460.50K
TypeSH
Market value$39.92M
9.51%
Sole
0.00
Shared
0.00
None
460.50K
UBER TECHNOLOGIES INC
SOLEShares493.79K
TypeSH
Market value$35.52M
8.46%
Sole
1.46K
Shared
0.00
None
492.33K
MOLINA HEALTHCARE INC
SOLEShares233.15K
TypeSH
Market value$31.08M
7.40%
Sole
671.00
Shared
0.00
None
232.48K
BLACK STONE MINERALS L P
SOLEShares1.90M
TypeSH
Market value$28.74M
6.85%
Sole
5.63K
Shared
0.00
None
1.90M
BRITISH AMERN TOB PLC
SOLEShares450.13K
TypeSH
Market value$26.32M
6.27%
Sole
1.43K
Shared
0.00
None
448.70K
LIBERTY BROADBAND CORP
SOLEShares467.22K
TypeSH
Market value$23.50M
5.60%
Sole
1.26K
Shared
0.00
None
465.96K
TRIUMPH FINANCIAL INC
SOLEShares354K
TypeSH
Market value$21.12M
5.03%
Sole
926.00
Shared
0.00
None
353.08K
ENTERPRISE PRODS PARTNERS L
SOLEShares539.02K
TypeSH
Market value$20.40M
4.86%
Sole
1.75K
Shared
0.00
None
537.27K
PHILIP MORRIS INTL INC
SOLEShares119.78K
TypeSH
Market value$19.80M
4.72%
Sole
348.00
Shared
0.00
None
119.43K
CANADIAN NAT RES LTD MED TER
SOLEShares360.87K
TypeSH
Market value$17.59M
4.19%
Sole
745.00
Shared
0.00
None
360.13K
NU HLDGS LTD
SOLEShares1.07M
TypeSH
Market value$15.43M
3.67%
Sole
2.84K
Shared
0.00
None
1.07M
INNOVEX INTERNATIONAL INC
SOLEShares631.71K
TypeSH
Market value$15.41M
3.67%
Sole
2.08K
Shared
0.00
None
629.63K
KONINKLIJKE PHILIPS N V
SOLEShares515.01K
TypeSH
Market value$14.11M
3.36%
Sole
1.64K
Shared
0.00
None
513.37K
BAXTER INTL INC
SOLEShares778.93K
TypeSH
Market value$13.09M
3.12%
Sole
2.16K
Shared
0.00
None
776.77K
QUALCOMM INC
SOLEShares100.19K
TypeSH
Market value$12.90M
3.07%
Sole
186.00
Shared
0.00
None
100K
SPDR GOLD TR
SOLEShares25K
TypeSH
Market value$10.76M
2.56%
Sole
100.00
Shared
0.00
None
24.90K
MCKESSON CORP
SOLEShares10.98K
TypeSH
Market value$9.50M
2.26%
Sole
37.00
Shared
0.00
None
10.94K
SOLVENTUM CORP
SOLEShares117.31K
TypeSH
Market value$7.66M
1.82%
Sole
852.00
Shared
0.00
None
116.45K
CACI INTL INC
SOLEShares7.77K
TypeSH
Market value$4.22M
1.01%
Sole
32.00
Shared
0.00
None
7.74K
ISHARES TR
SOLEShares35.21K
TypeSH
Market value$3.89M
0.93%
Sole
0.00
Shared
0.00
None
35.21K
ARS PHARMACEUTICALS INC
SOLEShares359.07K
TypeSH
Market value$2.88M
0.69%
Sole
914.00
Shared
0.00
None
358.16K
SPROTT INC
SOLEShares6.05K
TypeSH
Market value$864.7K
0.21%
Sole
0.00
Shared
0.00
None
6.05K
BERKSHIRE HATHAWAY INC DEL
SOLEShares952.00
TypeSH
Market value$456.2K
0.11%
Sole
702.00
Shared
0.00
None
250.00
NVIDIA CORPORATION
SOLEShares2K
TypeSH
Market value$348.8K
0.08%
Sole
0.00
Shared
0.00
None
2K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
HUNTINGTON INGALLS INDS INCSOLE | COM | 115.04K | SH | $43.70M 10.41% | 345.00 | 0.00 | 114.69K |
ISHARES TRSOLE | 20 YR TR BD ETF | 460.50K | SH | $39.92M 9.51% | 0.00 | 0.00 | 460.50K |
UBER TECHNOLOGIES INCSOLE | COM | 493.79K | SH | $35.52M 8.46% | 1.46K | 0.00 | 492.33K |
MOLINA HEALTHCARE INCSOLE | COM | 233.15K | SH | $31.08M 7.40% | 671.00 | 0.00 | 232.48K |
BLACK STONE MINERALS L PSOLE | COM UNIT | 1.90M | SH | $28.74M 6.85% | 5.63K | 0.00 | 1.90M |
BRITISH AMERN TOB PLCSOLE | SPONSORED ADR | 450.13K | SH | $26.32M 6.27% | 1.43K | 0.00 | 448.70K |
LIBERTY BROADBAND CORPSOLE | COM SER C | 467.22K | SH | $23.50M 5.60% | 1.26K | 0.00 | 465.96K |
TRIUMPH FINANCIAL INCSOLE | COM | 354K | SH | $21.12M 5.03% | 926.00 | 0.00 | 353.08K |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 539.02K | SH | $20.40M 4.86% | 1.75K | 0.00 | 537.27K |
PHILIP MORRIS INTL INCSOLE | COM | 119.78K | SH | $19.80M 4.72% | 348.00 | 0.00 | 119.43K |
CANADIAN NAT RES LTD MED TERSOLE | COM | 360.87K | SH | $17.59M 4.19% | 745.00 | 0.00 | 360.13K |
NU HLDGS LTDSOLE | ORD SHS CL A | 1.07M | SH | $15.43M 3.67% | 2.84K | 0.00 | 1.07M |
INNOVEX INTERNATIONAL INCSOLE | COM | 631.71K | SH | $15.41M 3.67% | 2.08K | 0.00 | 629.63K |
KONINKLIJKE PHILIPS N VSOLE | NY REGIS SHS NEW | 515.01K | SH | $14.11M 3.36% | 1.64K | 0.00 | 513.37K |
BAXTER INTL INCSOLE | COM | 778.93K | SH | $13.09M 3.12% | 2.16K | 0.00 | 776.77K |
QUALCOMM INCSOLE | COM | 100.19K | SH | $12.90M 3.07% | 186.00 | 0.00 | 100K |
SPDR GOLD TRSOLE | GOLD SHS | 25K | SH | $10.76M 2.56% | 100.00 | 0.00 | 24.90K |
MCKESSON CORPSOLE | COM | 10.98K | SH | $9.50M 2.26% | 37.00 | 0.00 | 10.94K |
SOLVENTUM CORPSOLE | COM SHS | 117.31K | SH | $7.66M 1.82% | 852.00 | 0.00 | 116.45K |
CACI INTL INCSOLE | CL A | 7.77K | SH | $4.22M 1.01% | 32.00 | 0.00 | 7.74K |
ISHARES TRSOLE | TRUST ISHARE 0-1 | 35.21K | SH | $3.89M 0.93% | 0.00 | 0.00 | 35.21K |
ARS PHARMACEUTICALS INCSOLE | COM | 359.07K | SH | $2.88M 0.69% | 914.00 | 0.00 | 358.16K |
SPROTT INCSOLE | COM NEW | 6.05K | SH | $864.7K 0.21% | 0.00 | 0.00 | 6.05K |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 952.00 | SH | $456.2K 0.11% | 702.00 | 0.00 | 250.00 |
NVIDIA CORPORATIONSOLE | COM | 2K | SH | $348.8K 0.08% | 0.00 | 0.00 | 2K |
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