INVESTMENT MANAGEMENT ASSOCIATES INC /ADV
SEC Form 13F institutional filer · CIK 0000052024
13F-HR · 10 reported holdings · 2026-03-31
Reported long-US-equity value
$0.14B
Top-10 concentration
100.0%
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV — $143M AUM allocation strategy
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV files SEC Form 13F and reports $143M of long US equity value across 10 reported holdings for 2026-03-31.
Its largest sector bet is Industrials 55.4%, followed by Health Care 21.1% and Consumer Staples 13.8%.
The top 10 holdings account for 100% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$143M
total across 10 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
100% of value
higher = narrower conviction; lower = spread / hedging
Biggest trims (shares)
−$SOLV −62.8K sh · −$6.61M−$BRK.B −1.18K sh · −$618K−$NVDA −1K sh · −$199K
Exited to nil (held last quarter, gone now)
$CMCSA ($16.7M last qtr)$AAPL ($848K last qtr)$TMO ($326K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Aerospace & Defense30.6%—
- Passenger Ground Transportation24.8%—
- Tobacco13.8%—
- Health Care Equipment9.2%—
- Semiconductors9.1%—
- Health Care Distributors6.6%—
- Health Care Technology5.4%—
- Multi-Sector Holdings0.3%—
- Other holdings0.2%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $HII | Huntington Ingalls Industries Inc | 115K | $43.7M | -340 | 30.6% |
| $UBER | Uber Technologies Inc | 494K | $35.5M | +47.9K | 24.8% |
| $PM | Philip Morris International Inc | 120K | $19.8M | -808 | 13.8% |
| $BAX | Baxter International Inc | 779K | $13.1M | — | 9.2% |
| $QCOM | QUALCOMM Incorporated | 100K | $12.9M | — | 9.0% |
| $MCK | McKesson Corporation | 11K | $9.5M | -68 | 6.6% |
| $SOLV | Solventum Corporation | 117K | $7.66M | -62.8K | 5.4% |
| $BRK.B | Berkshire Hathaway Inc.-Class B | 952 | $456K | -1.18K | 0.3% |
| $AMZN | Amazon.com Inc | 1K | $208K | — | 0.1% |
| $NVDA | NVIDIA Corporation | 1K | $174K | -1K | 0.1% |
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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