1y return+7.2%S&P 500 +20.9%
3y return+31.3%S&P 500 +68.5%
5y return+26.7%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2020: $150 against $200 in the S&P 500.2
Investment Management Associates Inc /advS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MOHMolina Healthcare Inc | $52.7M | 13.4% | −1.2% |
| UBERUber Technologies Inc | $35.1M | 8.9% | −1.6% |
| HIIHuntington Ingalls Inds Inc | $32.1M | 8.2% | |
| TFINTriumph Financial Inc | $27.0M | 6.9% | |
| BSMBlack Stone Minerals L P | $25.8M | 6.6% | −2.8% |
| PHGKoninklijke Philips N V | $23.4M | 5.9% | +66.9% |
| PMPhilip Morris Intl Inc | $20.7M | 5.3% | −4.4% |
| GLDMWorld Gold Tr | $19.5M | 5.0% | New |
| EPDEnterprise Prods Partners L | $19.3M | 4.9% | −2.6% |
| BAXBaxter Intl Inc | $19.2M | 4.9% | +15.7% |
| BTIBritish Amern Tob PLC | $16.8M | 4.3% | −39.5% |
| Nu Hldgs LtdCUSIP G6683N103 | $16.8M | 4.3% | +17.0% |
| Liberty Broadband CorpCUSIP 530307305 | $15.8M | 4.0% | +1.9% |
| INVXInnovex International Inc | $15.0M | 3.8% | −4.2% |
| CNQCanadian Nat Res Ltd Med Ter | $13.8M | 3.5% | −3.0% |
| Wise Group PLCCUSIP G9723Y105 | $11.6M | 3.0% | New |
| SOLVSolventum Corp | $8.1M | 2.1% | −10.1% |
| MCKMckesson Corp | $8.1M | 2.1% | −2.5% |
| SHVIshares Tr | $4.5M | 1.1% | +16.1% |
| CACICaci Intl Inc | $3.4M | 0.9% | −4.6% |
| SPRYArs Pharmaceuticals Inc | $3.0M | 0.8% | +4.0% |
| BRK/BBerkshire Hathaway Inc Del | $416K | 0.1% | −12.6% |
| DEODiageo PLC | $328K | 0.1% | New |
| GDXVaneck Etf Trust | $264K | 0.1% | |
| AMZNAmazon Com Inc | $238K | 0.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| MCKMckesson Corp | December 31, 2020 | +334.4% | $8.1M |
| PMPhilip Morris Intl Inc | December 31, 2020 | +118.5% | $20.7M |
| BRK/BBerkshire Hathaway Inc Del | December 31, 2020 | +115.8% | $416K |
| EPDEnterprise Prods Partners L | December 31, 2020 | +87.7% | $19.3M |
| NVDANvidia Corporation | September 30, 2024 | +64.8% | $200K |
| BTIBritish Amern Tob PLC | December 31, 2020 | +64.7% | $16.8M |
| HIIHuntington Ingalls Inds Inc | December 31, 2020 | +64.2% | $32.1M |
| BSMBlack Stone Minerals L P | March 31, 2021 | +60.2% | $25.8M |
| SOLVSolventum Corp | June 30, 2024 | +45.9% | $8.1M |
| UBERUber Technologies Inc | December 31, 2020 | +41.5% | $35.1M |
Sold off last quarter
- QCOMQualcomm Inc was $12.9M
- SIISprott Inc was $865K
- Imperial Pete IncCUSIP Y3894J187 was $51K
- Qvc Group IncCUSIP 74915M605 was $46K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +3.7% | +14.8% |
| March 31, 2026 | +0.1% | −4.6% |
| December 31, 2025 | +1.3% | +2.4% |
| September 30, 2025 | +1.9% | +7.8% |
| June 30, 2025 | +6.0% | +10.5% |
| March 31, 2025 | +5.4% | −4.6% |
| December 31, 2024 | −3.2% | +2.1% |
| September 30, 2024 | +4.8% | +5.4% |
| June 30, 2024 | −2.5% | +4.0% |
| March 31, 2024 | +5.9% | +10.0% |
| December 31, 2023 | +9.6% | +11.2% |
| September 30, 2023 | −4.4% | −3.6% |
| June 30, 2023 | +5.3% | +8.3% |
| March 31, 2023 | −0.8% | +7.0% |
| December 31, 2022 | +7.3% | +7.1% |
| September 30, 2022 | −4.9% | −5.3% |
| June 30, 2022 | −8.8% | −16.5% |
| March 31, 2022 | +0.9% | −4.9% |
| December 31, 2021 | +4.8% | +10.7% |
| September 30, 2021 | −6.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Investment Management Associates Inc /adv Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=52024&type=13F-HR&dateb=&owner=include&count=40CIK 52024
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/52024/000005202426000004/Filed August 3, 2026 · accession 0000052024-26-000004