INVESTMENT MANAGEMENT ASSOCIATES INC /ADV
13F Reported Value
ⓘ$487.4M
incl. option notional
Equity Holdings
ⓘ$393.5M
Option Notional
ⓘ$93.9M
$93.9M puts / $0 calls
Holdings
31
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV disclosed 31 positions worth $487.4M in its Form 13F-HR for Q2 2026 — $393.5M in common stock plus $93.9M of put/call option positions (reported at underlying notional value, not premium at risk), led by $MOH (MOLINA HEALTHCARE, INC.) at 13.4% of the equity portfolio. During the quarter the fund opened 6 new positions and exited 5 — including a new stake in $QQQ and a full exit from $QCOM. The portfolio is most concentrated in Healthcare (27.0% of disclosed assets). All figures are sourced directly from INVESTMENT MANAGEMENT ASSOCIATES INC /ADV’s Form 13F-HR filing with the SEC under CIK 52024.
AI Fund Analysis
Diversifying
$MOH
$UBER
$HII
$TFIN
$BSM
$LBRDA
$PHG
$NU
$SPRYSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 56.5#1,154
Quality
$52.7M230,258 sh ISHARES TR - 20 YR TR BD ETF PUT
—Quality
$38.3M443,200 sh- 73.5#135
Quality
$35.1M485,805 sh - $33.8M45,900 sh
- 52.2
Quality
$32.1M114,780 sh - 48.0
Quality
$27.0M353,851 sh - 60.2
Quality
$25.8M1,848,184 sh - —
Quality
$23.4M859,379 sh ISHARES TR - ISHARES SEMICDTR PUT
—Quality
$21.6M33,700 sh- 75.9
Quality
$20.7M114,566 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| MOLINA HEALTHCARE, INC.$MOH | 56.5#1,154 | $52.7M | 230,258 |
| ISHARES TR - 20 YR TR BD ETF PUT | — | $38.3M | 443,200 |
| Uber Technologies, Inc$UBER | 73.5#135 | $35.1M | 485,805 |
 INVESCO QQQ TRUST, SERIES 1$QQQPUT | — | $33.8M | 45,900 |
| HUNTINGTON INGALLS INDUSTRIES, INC.$HII | 52.2 | $32.1M | 114,780 |
| Triumph Financial, Inc.$TFIN | 48.0 | $27.0M | 353,851 |
| Black Stone Minerals, L.P.$BSM | 60.2 | $25.8M | 1,848,184 |
| KONINKLIJKE PHILIPS NV$PHG | — | $23.4M | 859,379 |
| ISHARES TR - ISHARES SEMICDTR PUT | — | $21.6M | 33,700 |
 Philip Morris International Inc.$PM | 75.9 | $20.7M | 114,566 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of INVESTMENT MANAGEMENT ASSOCIATES INC /ADV's 31 positions.
Showing top 10 of 31 holdings.
Sector Allocation
Healthcare
$106.4M
Energy
$73.9M
Financials
$63.7M
Consumer Staples
$46.0M
Industrials
$43.7M
Technology
$38.7M
Communication Services
$15.8M
Other
$5.0M
Full Holdings — INVESTMENT MANAGEMENT ASSOCIATES INC /ADV (Q2 2026)
All 31 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $MOH | MOLINA HEALTHCARE, INC. | $52.7M | 13.4% | -1% | 56.5 |
| 2 | — | ISHARES TR - 20 YR TR BD ETF | $38.3M | — | -4% | — |
| 3 | $UBER | Uber Technologies, Inc | $35.1M | 8.9% | -2% | 73.5 |
| 4 | $QQQPUT | INVESCO QQQ TRUST, SERIES 1 | $33.8M | — | NEW | — |
| 5 | $HII | HUNTINGTON INGALLS INDUSTRIES, INC. | $32.1M | 8.2% | -0% | 52.2 |
| 6 | $TFIN | Triumph Financial, Inc. | $27.0M | 6.9% | -0% | 48 |
| 7 | $BSM | Black Stone Minerals, L.P. | $25.8M | 6.6% | -3% | 60.2 |
| 8 | $PHG | KONINKLIJKE PHILIPS NV | $23.4M | 5.9% | +67% | — |
| 9 | — | ISHARES TR - ISHARES SEMICDTR | $21.6M | — | NEW | — |
| 10 | $PM | Philip Morris International Inc. | $20.7M | 5.3% | -4% | 75.9 |
| 11 |  $GLDM | World Gold Trust | $19.5M | 5.0% | NEW | — |
| 12 |  $EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | $19.3M | 4.9% | -3% | 61.4 |
| 13 |  $BAX | BAXTER INTERNATIONAL INC | $19.2M | 4.9% | +16% | 50.1 |
| 14 |  $BTI | British American Tobacco p.l.c. | $16.8M | 4.3% | -39% | — |
| 15 | $NU | Nu Holdings Ltd. | $16.8M | 4.3% | +17% | — |
| 16 | $LBRDA | Liberty Broadband Corp | $15.8M | 4.0% | +2% | 53 |
| 17 |  $INVX | Innovex International, Inc. | $15.0M | 3.8% | -4% | 63.2 |
| 18 |  $CNQ | CANADIAN NATURAL RESOURCES Ltd | $13.8M | 3.5% | -3% | — |
| 19 |  $WSE | Wise Group plc | $11.6M | 3.0% | NEW | — |
| 20 |  $SOLV | Solventum Corp | $8.1M | 2.1% | -10% | 55.2 |
| 21 |  $MCK | MCKESSON CORP | $8.1M | 2.0% | -3% | 63.4 |
| 22 | — | ISHARES TR - TRUST ISHARE 0-1 | $4.5M | 1.1% | +16% | — |
| 23 |  $CACI | CACI INTERNATIONAL INC /DE/ | $3.4M | 0.9% | -5% | 65 |
| 24 | $SPRY | ARS Pharmaceuticals, Inc. | $3.0M | 0.8% | +4% | 20.3 |
| 25 |  $BRK.B | BERKSHIRE HATHAWAY INC | $416,324 | 0.1% | -13% | 73.8 |
| 26 |  $DEO | DIAGEO PLC | $328,031 | 0.1% | NEW | — |
| 27 | — | VANECK ETF TRUST - GOLD MINERS ETF | $264,075 | 0.1% | +0% | — |
| 28 |  $AMZN | AMAZON COM INC | $238,340 | 0.1% | +0% | 68.7 |
| 29 | — | SCHWAB STRATEGIC TR - US DIVIDEND EQ | $223,429 | 0.1% | NEW | — |
| 30 |  $NVDA | NVIDIA CORP | $200,090 | 0.1% | +0% | 85.9 |
| 31 | $NVDAPUT | NVIDIA CORP | $200,090 | — | +0% | 85.9 |
New Positions (6)
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