Investment Management Associates Inc.
Investment Management Associates Inc. reported 27 US-listed holdings worth $380.7 million in its 13F for the quarter ended 30 September 2026, filed 29 October 2026. Its largest: Molina Healthcare, Inc. (11.5%), Uber Technologies, Inc. (9.4%) and Huntington Ingalls Industries, Inc. (8.1%). Against the quarter before, it opened 4 positions, added to 12, trimmed 8 and sold out of 4.
The 14 largest of its 27 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q2 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +11.9% over the 8 quarters to 30 September 2026, against +32.9% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 30 June 2026; a change under 0.1% of a position counts as held
Opened 4
- Charter Communications, Inc. CHTR$12.8 million
- Adobe Inc. ADBE$7.8 million
- Comcast Corp. CMCSA$638,417
- Microsoft Corp. MSFT$257,476
Added to 12
- Wise Group PLC Ord SHS Class A WSE+629,585 shares · +65%
- Nu Holdings Ltd. NU+234,366 shares · +19%
- Uber Technologies, Inc. UBER+38,658 shares · +8%
- SPDR Gold MiniShares GLDM+30,370 shares · +12%
- Innovex International, Inc. INVX+84,243 shares · +14%
- Diageo plc DEO+15,576 shares · +382%
- iShares SHV+3,698 shares · +9%
- Koninklijke Philips N.V. PHG+10,894 shares · +1%
and 4 more in the table below
Trimmed 8
- Black Stone Minerals L P BSM-618,858 shares · -33%
- Philip Morris International Inc. PM-6,513 shares · -6%
- British American Tobacco p.l.c. BTI-3,461 shares · -1%
- Enterprise Products Partners L.P. EPD-4,812 shares · -1%
- Canadian Natural Resources Limited CNQ-2,278 shares · -1%
- McKesson Corp. MCK-118 shares · -1%
- Baxter International Inc. BAX-3,728 shares · -0%
- Berkshire Hathaway Inc. Class B BRKB-59 shares · -7%
Sold out of 4
- Liberty Broadband Corp. LBRDK$15.8 million last quarter
- Solventum Corp. SOLV$8.1 million last quarter
- Caci International Inc. CACI$3.4 million last quarter
- Schwab Strategic Trust SCHD$223,429 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Molina Healthcare, Inc. MOH | 231.1K | $43.7 million | 11.48% | +825 |
| Uber Technologies, Inc. UBER | 524.5K | $35.9 million | 9.44% | +38.7K |
| Huntington Ingalls Industries, Inc. HII | 115.2K | $30.8 million | 8.08% | +376 |
| SPDR Gold MiniShares GLDM | 276.2K | $22.7 million | 5.96% | +30.4K |
| Baxter International Inc. BAX | 897.1K | $21.5 million | 5.66% | -3.7K |
| Triumph Financial, Inc. TFIN | 354.5K | $21.3 million | 5.59% | +611 |
| Koninklijke Philips N.V. PHG | 870.3K | $21.3 million | 5.58% | +10.9K |
| Philip Morris International Inc. PM | 108.1K | $20.6 million | 5.42% | -6.5K |
| Nu Holdings Ltd. NU | 1.5M | $18.9 million | 4.96% | +234.4K |
| Innovex International, Inc. INVX | 689.3K | $18.6 million | 4.89% | +84.2K |
| Enterprise Products Partners L.P. EPD | 520.1K | $18.5 million | 4.87% | -4.8K |
| Wise Group PLC Ord SHS Class A WSE | 1.6M | $18.3 million | 4.80% | +629.6K |
| Black Stone Minerals L P BSM | 1.2M | $17.6 million | 4.62% | -618.9K |
| Canadian Natural Resources Limited CNQ | 347.7K | $16.4 million | 4.30% | -2.3K |
| British American Tobacco p.l.c. BTI | 269.0K | $14.6 million | 3.84% | -3.5K |
| Charter Communications, Inc. CHTR | 115.4K | $12.8 million | 3.36% | new |
| McKesson Corp. MCK | 10.6K | $9.0 million | 2.37% | -118 |
| Adobe Inc. ADBE | 32.7K | $7.8 million | 2.06% | new |
| iShares SHV | 44.6K | $4.9 million | 1.29% | +3.7K |
| Ars Pharmaceuticals Inc. SPRY | 393.4K | $1.7 million | 0.45% | +19.9K |
| Diageo plc DEO | 19.7K | $1.7 million | 0.44% | +15.6K |
| Comcast Corp. CMCSA | 29.3K | $638,417 | 0.17% | new |
| Berkshire Hathaway Inc. Class B BRKB | 773 | $384,915 | 0.10% | -59 |
| Vaneck ETF Trust GDX | 3.5K | $307,300 | 0.08% | no change |
| Microsoft Corp. MSFT | 502 | $257,476 | 0.07% | new |
| Amazon.com Inc. AMZN | 1.0K | $249,150 | 0.07% | no change |
| NVIDIA Corp. NVDA | 1.0K | $228,380 | 0.06% | no change |
Read more
Change is shares against its 13F for the quarter before; the 4 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| iShares Trust TLT | Puts | 435.1K | $33.8 million |
| Invesco QQQ Trust QQQ | Puts | 45.4K | $33.6 million |
| SPDR Gold Trust GLD | Calls | 61.0K | $23.2 million |
| iShares Trust SOXX | Puts | 33.2K | $18.9 million |
| NVIDIA Corp. NVDA | Puts | 1.0K | $228,380 |
5 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.