Investment Management Associates Inc holds a focused book of 27 reported positions worth $393.5M as of Q2 2026 (disclosed Aug 3, 2026, a ~34-day 13F lag). This quarter they opened SPDR Gold Minishares Trust and trimmed Molina Healthcare Inc. Their largest long position is Molina Healthcare Inc at 13% of the reported non-option book. They also disclosed $93.9M in put options (a bearish bet), shown separately below and excluded from the non-option book. Cloning the disclosed picks since 2024 would be +20% (+10.1%/yr). That is a simulation of the disclosed long book, not audited returns.
The reported book (valued from quarter-end) returned +22.6%, a 2.9-point gap that is the cost of the ~34-day 13F disclosure lag a real follower can't avoid.
Growth of $10,000 cloning Investment Management Associates Inc's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~34 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.
Top-heavy: focused book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
99% mapped to company sectors
+2 sectors below the cut, 1% together
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis
Other tracked managers holding the same core names as Investment Management Associates Inc
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| Donor Advised Charitable Giving, Inc. | 3 / 27 | $4.4B |
| Pangea Capital Gestao de Recursos Ltda. | 3 / 27 | $121.0M |
| Larch Capital Partners LLC | 2 / 27 | $478.3M |
| Daniel Investment Group, Inc. | 3 / 27 | $97.2M |
| Ghe, LLC | 2 / 27 | $145.8M |
| Hoey Investments, Inc | 10 / 27 | $415.5M |
| United American Securities Inc. (d/b/a UAS Asset Management) | 3 / 27 | $248.6M |
| Epacria Capital Partners, LLC | 7 / 27 | $65.2M |
Ranked by the share of each fund's own book sitting in the names it shares with Investment Management Associates Inc: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.
Bars show each position's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | Molina Healthcare Inc COM | $52.7M | 230.3K | 13.4% | ▼−1.2% Reduced · −3K sh | |
| 2 | Uber Technologies Inc COM | $35.1M | 485.8K | 8.9% | ▼−1.6% Reduced · −8K sh | |
| 3 | Huntington Ingalls Inds Inc COM | $32.1M | 114.8K | 8.2% | ▼−0.2% Reduced · −257 sh | |
| 4 | Triumph Financial Inc COM | $27.0M | 353.9K | 6.9% | ▼~0% Reduced · −151 sh | |
| 5 | Black Stone Minerals L P COM UNIT | $25.8M | 1.85M | 6.6% | ▼−2.8% Reduced · −53K sh | |
| 6 | Koninklijke Philips N V NY REGIS SHS NEW | $23.4M | 859.4K | 5.9% | ▲+67% Added · +344K sh | |
| 7 | Philip Morris Intl Inc COM | $20.7M | 114.6K | 5.3% | ▼−4.3% Reduced · −5K sh | |
| 8 | World Gold TR SPDR GLD MINIS | $19.5M | 245.8K | 5.0% | ▲New New position | |
| 9 | Enterprise Prods Partners L COM | $19.3M | 524.9K | 4.9% | ▼−2.6% Reduced · −14K sh | |
| 10 | Baxter Intl Inc COM | $19.2M | 900.8K | 4.9% | ▲+16% Added · +122K sh | |
| 11 | British Amern Tob PLC SPONSORED ADR | $16.8M | 272.5K | 4.3% | ▼−39% Reduced · −178K sh | |
| 12 | Nu Hldgs Ltd ORD SHS CL A | $16.8M | 1.26M | 4.3% | ▲+17% Added · +182K sh | |
| 13 | Liberty Broadband Corp COM SER C | $15.8M | 476.3K | 4.0% | ▲+1.9% Added · +9K sh | |
| 14 | Innovex International Inc COM | $15.0M | 605.0K | 3.8% | ▼−4.2% Reduced · −27K sh | |
| 15 | Canadian Nat Res Ltd Med Ter COM | $13.8M | 350.0K | 3.5% | ▼−3.0% Reduced · −11K sh | |
| 16 | Wise Group PLC ORD SHS CLASS A | $11.6M | 975.6K | 3.0% | ▲New New position | |
| 17 | Solventum Corp COM SHS | $8.1M | 105.4K | 2.1% | ▼−10% Reduced · −12K sh | |
| 18 | McKesson Corp COM | $8.1M | 10.7K | 2.1% | ▼−2.5% Reduced · −279 sh | |
| 19 | Ishares TR TRUST ISHARE 0-1 | $4.5M | 40.9K | 1.1% | ▲+16% Added · +6K sh | |
| 20 | Caci Intl Inc CL A | $3.4M | 7.4K | 0.9% | ▼−4.6% Reduced · −361 sh | |
| 21 | Ars Pharmaceuticals Inc COM | $3.0M | 373.5K | 0.8% | ▲+4.0% Added · +14K sh | |
| 22 | Berkshire Hathaway Inc Del CL B NEW | $416K | 832 | 0.1% | ▼−13% Reduced · −120 sh | |
| 23 | Diageo PLC SPON ADR NEW | $328K | 4.1K | 0.1% | ▲New New position | |
| 24 | Vaneck ETF Trust GOLD MINERS ETF | $264K | 3.5K | 0.1% | —Held | |
| 25 | Amazon Com Inc COM | $238K | 1.0K | 0.1% | —Held | |
| 26 | Schwab Strategic TR US DIVIDEND EQ | $223K | 7.0K | 0.1% | ▲New New position | |
| 27 | Nvidia Corporation COM | $200K | 1.0K | 0.1% | —Held |
This fund page is the Follow view. The Build view lets your agent pull holdings, quarter changes, overlap, and source filings through API or MCP.
curl -H "Authorization: Bearer YOUR_API_KEY" \ "https://arkolith.com/api/v1/funds/52024/holdings"
Use Arkolith to show INVESTMENT MANAGEMENT ASSOCIATES INC /ADV's latest holdings, largest changes, and filing provenance.
Put / call positions from the 13F — totals include every disclosed option leg
| Type | Underlying | Notional value | Underlying shares |
|---|---|---|---|
| PUT · bearish | ISHARES 20+ YEAR TREASURY BDTLT | $38.3M | 443K |
| PUT · bearish | INVESCO QQQ TRUST SERIES 1QQQ | $33.8M | 46K |
| PUT · bearish | ISHARES SEMICONDUCTOR ETFSOXX | $21.6M | 34K |
| PUT · bearish | NVIDIA CORPNVDA | $200K | 1K |
13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the non-option book, weighting, concentration and sector figures above.
As-of date vs the date the SEC received each filing
Reported 13F total per quarter. Raw filing totals can include option notional.
| Quarter | As of | Filed | Lag | Positions | Value | Form |
|---|---|---|---|---|---|---|
| Q2 2026 | Jun 30, 2026 | Aug 3, 2026 | 34d | 32 | $487.4M | 13F-HR |
| Q1 2026 | Mar 31, 2026 | May 7, 2026 | 37d | 31 | $419.8M | 13F-HR |
| Q4 2025 | Dec 31, 2025 | Feb 3, 2026 | 34d | 29 | $362.6M | 13F-HR |
| Q3 2025 | Sep 30, 2025 | Nov 6, 2025 | 37d | 31 | $339.4M | 13F-HR |
| Q2 2025 | Jun 30, 2025 | Aug 4, 2025 | 35d | 30 | $298.8M | 13F-HR |
| Q1 2025 | Mar 31, 2025 | Apr 30, 2025 | 30d | 23 | $244.4M | 13F-HR |
| Q4 2024 | Dec 31, 2024 | Feb 3, 2025 | 34d | 28 | $229.1M | 13F-HR |
| Q3 2024 | Sep 30, 2024 | Nov 5, 2024 | 36d | 36 | $255.8M | 13F-HR |
Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.