Skip to content
Disclosery

INVESTMENT MANAGEMENT ASSOCIATES INC /ADV

Follow

13F filer, CIK 52024, GREENWOOD VILLAGE, CO

INVESTMENT MANAGEMENT ASSOCIATES INC /ADV reported $487,393,740 across 31 holdings for the quarter ended 2026-06-30, in a 13F-HR filed 2026-08-03. Its ten largest share positions make up 69.83% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000052024-26-000004

Period
2026-06-30
Reported value
$487M
Holdings
31
Top 10 weight
69.83%
New
6
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GLDMnew+245,796$19.5M
WSEnew+975,576$11.6M
PHGadded+344,372$9.36M
BAXadded+121,912$2.6M
NUadded+182,401$2.44M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
QCOMexited-100,185-$12.9M
BTIreduced-177,676-$11M
PMreduced-5,212-$943K
SOLVreduced-11,888-$917K
SIIexited-6,051-$865K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2026

Share positions as resolved from 13F-HR 0000052024-26-000004, largest first. % of portfolio is the value over $393,497,934, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
MOHMOLINA HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 105,787 shares; 2025Q4: 225,536 shares; 2026Q1: 233,152 shares; 2026Q2: 230,258 shares 230,258$52.7M13.38%-2,894Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 447,067 shares; 2024Q4: 434,309 shares; 2025Q1: 420,262 shares; 2025Q2: 447,827 shares; 2025Q3: 444,952 shares; 2025Q4: 445,912 shares; 2026Q1: 493,786 shares; 2026Q2: 485,805 shares 485,805$35.1M8.91%-7,981Timeline
HIIHUNTINGTON INGALLS INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 75,530 shares; 2024Q4: 110,107 shares; 2025Q1: 113,151 shares; 2025Q2: 116,685 shares; 2025Q3: 115,932 shares; 2025Q4: 115,377 shares; 2026Q1: 115,037 shares; 2026Q2: 114,780 shares 114,780$32.1M8.16%-257Timeline
TFINTRIUMPH FINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 100,176 shares; 2024Q4: 97,237 shares; 2025Q1: 115,902 shares; 2025Q2: 247,580 shares; 2025Q3: 253,400 shares; 2025Q4: 340,161 shares; 2026Q1: 354,002 shares; 2026Q2: 353,851 shares 353,851$27M6.86%-151Timeline
BSMBLACK STONE MINERALS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,180,220 shares; 2024Q4: 1,544,182 shares; 2025Q1: 1,535,334 shares; 2025Q2: 1,577,887 shares; 2025Q3: 1,934,739 shares; 2025Q4: 1,902,421 shares; 2026Q1: 1,901,002 shares; 2026Q2: 1,848,184 shares 1,848,184$25.8M6.56%-52,818Timeline
PHGKONINKLIJKE PHILIPS N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 505,507 shares; 2025Q3: 504,362 shares; 2025Q4: 507,264 shares; 2026Q1: 515,007 shares; 2026Q2: 859,379 shares 859,379$23.4M5.94%+344,372Timeline
PMPHILIP MORRIS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 133,977 shares; 2024Q4: 129,317 shares; 2025Q1: 124,467 shares; 2025Q2: 123,982 shares; 2025Q3: 121,535 shares; 2025Q4: 120,586 shares; 2026Q1: 119,778 shares; 2026Q2: 114,566 shares 114,566$20.7M5.27%-5,212Timeline
GLDMWORLD GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 245,796 shares 245,796$19.5M4.96%newTimeline
EPDENTERPRISE PRODS PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 546,414 shares; 2024Q4: 538,824 shares; 2025Q1: 530,107 shares; 2025Q2: 534,405 shares; 2025Q3: 535,444 shares; 2025Q4: 530,324 shares; 2026Q1: 539,017 shares; 2026Q2: 524,941 shares 524,941$19.3M4.9%-14,076Timeline
BAXBAXTER INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 778,931 shares; 2026Q2: 900,843 shares 900,843$19.2M4.88%+121,912Timeline
BTIBRITISH AMERN TOB PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 633,682 shares; 2024Q4: 612,517 shares; 2025Q1: 590,935 shares; 2025Q2: 585,777 shares; 2025Q3: 573,592 shares; 2025Q4: 453,806 shares; 2026Q1: 450,133 shares; 2026Q2: 272,457 shares 272,457$16.8M4.28%-177,676Timeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 498,340 shares; 2025Q4: 928,723 shares; 2026Q1: 1,073,617 shares; 2026Q2: 1,256,018 shares 1,256,018$16.8M4.26%+182,401Timeline
LBRDKLIBERTY BROADBAND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 218,800 shares; 2024Q4: 223,440 shares; 2025Q1: 226,073 shares; 2025Q2: 232,827 shares; 2025Q3: 265,920 shares; 2025Q4: 429,284 shares; 2026Q1: 467,220 shares; 2026Q2: 476,314 shares 476,314$15.8M4.03%+9,094Timeline
INVXINNOVEX INTERNATIONAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 386,269 shares; 2025Q2: 640,625 shares; 2025Q3: 634,056 shares; 2025Q4: 631,686 shares; 2026Q1: 631,706 shares; 2026Q2: 605,042 shares 605,042$15M3.81%-26,664Timeline
CNQCANADIAN NAT RES LTD MED TERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 245,227 shares; 2024Q4: 246,288 shares; 2025Q1: 324,106 shares; 2025Q2: 331,125 shares; 2025Q3: 335,252 shares; 2025Q4: 358,299 shares; 2026Q1: 360,870 shares; 2026Q2: 350,000 shares 350,000$13.8M3.51%-10,870Timeline
WSEWISE GROUP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 975,576 shares 975,576$11.6M2.95%newTimeline
SOLVSOLVENTUM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 114,898 shares; 2024Q4: 114,123 shares; 2025Q1: 111,874 shares; 2025Q2: 234,833 shares; 2025Q3: 258,949 shares; 2025Q4: 180,097 shares; 2026Q1: 117,305 shares; 2026Q2: 105,417 shares 105,417$8.13M2.07%-11,888Timeline
MCKMCKESSON CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 27,675 shares; 2024Q4: 26,398 shares; 2025Q1: 24,875 shares; 2025Q2: 18,560 shares; 2025Q3: 18,080 shares; 2025Q4: 11,045 shares; 2026Q1: 10,977 shares; 2026Q2: 10,698 shares 10,698$8.08M2.05%-279Timeline
SHVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 21,187 shares; 2024Q4: 14,788 shares; 2025Q1: 37,255 shares; 2025Q2: 21,872 shares; 2025Q3: 25,593 shares; 2025Q4: 33,065 shares; 2026Q1: 35,212 shares; 2026Q2: 40,874 shares 40,874$4.51M1.15%+5,662Timeline
CACICACI INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 12,651 shares; 2025Q3: 12,435 shares; 2025Q4: 12,391 shares; 2026Q1: 7,767 shares; 2026Q2: 7,406 shares 7,406$3.43M0.87%-361Timeline
SPRYARS PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 311,503 shares; 2026Q1: 359,074 shares; 2026Q2: 373,491 shares 373,491$2.99M0.76%+14,417Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 10,147 shares; 2024Q4: 10,029 shares; 2025Q1: 11,674 shares; 2025Q2: 10,187 shares; 2025Q3: 9,369 shares; 2025Q4: 2,136 shares; 2026Q1: 952 shares; 2026Q2: 832 shares 832$416K0.11%-120Timeline
DEODIAGEO PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 4,081 shares 4,081$328K0.08%newTimeline
GDXVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,500 shares; 2025Q4: 3,500 shares; 2026Q1: 3,500 shares; 2026Q2: 3,500 shares 3,500$264K0.07%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,000 shares; 2026Q2: 1,000 shares 1,000$238K0.06%0Timeline
SCHDSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 7,046 shares 7,046$223K0.06%newTimeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 3,030 shares; 2024Q4: 3,030 shares; 2025Q1: 2,030 shares; 2025Q2: 2,030 shares; 2025Q3: 2,000 shares; 2025Q4: 2,000 shares; 2026Q1: 1,000 shares; 2026Q2: 1,000 shares 1,000$200K0.05%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
TLTISHARES TR 20 YR TR BD ETFput443,200$38.3M-17,300
QQQINVESCO QQQ TR COMput45,900$33.8Mnew
SOXXISHARES TR COMput33,700$21.6Mnew
NVDANVIDIA CORPORATION COMput1,000$200K0

Sold out in Q2 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
QCOMQUALCOMM INC100,185$12.9Mshares
GLDSPDR GOLD TR25,000$10.8Mcall
SIISPROTT INC6,051$865Kshares
IMPPIMPERIAL PETE INC12,000$51.4Kshares
QVCAQQVC GROUP INC21,120$45.8Kshares

How Q2 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000052024-26-000004 base2026-08-03acceptance time not in the bulk data set

Filings

Every filing of this filer: 13F reports and notices, the 13D and 13G it filed or is a reporting person of, and Forms 3, 4 and 5 it reported as an owner.

FilingSubjectFiledAcceptedIngested
13F-HR 0000052024-26-000004 Quarter ended 2026-06-302026-08-03acceptance time not in the bulk data set
13F-HR 0000052024-26-000002 Quarter ended 2026-03-312026-05-07acceptance time not in the bulk data set
13F-HR 0000052024-26-000001 Quarter ended 2025-12-312026-02-03acceptance time not in the bulk data set
13F-HR 0000052024-25-000006 Quarter ended 2025-09-302025-11-06acceptance time not in the bulk data set
13F-HR 0000052024-25-000003 Quarter ended 2025-06-302025-08-04acceptance time not in the bulk data set
13F-HR 0000052024-25-000002 Quarter ended 2025-03-312025-04-30acceptance time not in the bulk data set
13F-HR 0000052024-25-000001 Quarter ended 2024-12-312025-02-03acceptance time not in the bulk data set
13F-HR 0000052024-24-000005 Quarter ended 2024-09-302024-11-05acceptance time not in the bulk data set
13F-HR 0000052024-24-000003 Quarter ended 2024-06-302024-08-01acceptance time not in the bulk data set
13F-HR 0000052024-24-000002 Quarter ended 2024-03-312024-05-09acceptance time not in the bulk data set
13F-HR 0000052024-24-000001 Quarter ended 2023-12-312024-02-09acceptance time not in the bulk data set
13F-HR 0000052024-23-000004 Quarter ended 2023-09-302023-11-01acceptance time not in the bulk data set
13F-HR 0000052024-23-000003 Quarter ended 2023-06-302023-08-01acceptance time not in the bulk data set
13F-HR 0000052024-23-000002 Quarter ended 2023-03-312023-05-02acceptance time not in the bulk data set
13F-HR 0000052024-23-000001 Quarter ended 2022-12-312023-02-02acceptance time not in the bulk data set
13F-HR 0000052024-22-000004 Quarter ended 2022-09-302022-11-01acceptance time not in the bulk data set
13F-HR 0000052024-22-000003 Quarter ended 2022-06-302022-08-01acceptance time not in the bulk data set
13F-HR 0000052024-22-000002 Quarter ended 2022-03-312022-05-02acceptance time not in the bulk data set
13F-HR 0000052024-22-000001 Quarter ended 2021-12-312022-02-16acceptance time not in the bulk data set
13F-HR 0000052024-21-000007 Quarter ended 2021-09-302021-11-02acceptance time not in the bulk data set
13F-HR 0000052024-21-000006 Quarter ended 2021-06-302021-07-30acceptance time not in the bulk data set
13F-HR 0000052024-21-000005 Quarter ended 2021-03-312021-05-07acceptance time not in the bulk data set
13F-HR 0000052024-21-000004 Quarter ended 2020-12-312021-03-16acceptance time not in the bulk data set