Capital Management Associates, Inc

hedge fundUpdated 50 days ago

Managed by Capital Management Associates, Inc • Latest filing Q2 2026

Portfolio value

$497.5M

Q2 2026

Filings

11

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

53.7%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 11 quarters

Show data table

Period	Portfolio value
Q4 2023	$169.8M
Q1 2024	$135.8M
Q2 2024	$165.2M
Q3 2024	$244.8M
Q4 2024	$266.8M
Q1 2025	$441.6M
Q2 2025	$315.7M
Q3 2025	$370M
Q4 2025	$452.3M
Q1 2026	$442.3M
Q2 2026	$497.5M

Top holdings

167 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	S SPY STATE STR SPDR S&P 500 ETF T	$77M	103.0K	15.47%	Trimmed(-0.6%)
2	S SCHW-PJ SCHWAB STRATEGIC TR	$51.8M	1.79M	10.42%	Added(+0.2%)
3	V VGES VANGUARD INDEX FDS	$48.3M	70.4K	9.72%	Added(+3.8%)
4	Q QQQ INVESCO QQQ TR	$29.1M	39.5K	5.84%	Trimmed(-0.5%)
5	A AAPL APPLE INC	$16.1M	55.5K	3.23%	Added(+2.3%)
6	D DIA STATE STR SPDR DOW JONES IND	$15.3M	29.3K	3.07%	Added(+0.9%)
7	? N/A PIMCO ETF TR	$14.7M	156.9K	2.95%	Trimmed(-3.2%)
8	V VGES VANGUARD INDEX FDS	$13M	42.8K	2.61%	Added(+2.3%)
9	S SIVR ABRDN SILVER ETF TRUST	$12.6M	224.6K	2.54%	Trimmed(-17.7%)
10	? N/A CAPITAL GROUP CORE BALANCED	$12.2M	320.1K	2.44%	Added(+6.9%)
11	T THQ VANGUARD INDEX FDS	$10.4M	28.5K	2.10%	Trimmed(-9.2%)
12	V VGES VANGUARD INDEX FDS	$9.3M	108.1K	1.87%	Added(+556.8%)
13	S SGOL ETFS GOLD TR	$8.7M	228.7K	1.76%	Trimmed(-12.9%)
14	C CAT CATERPILLAR INC	$7.8M	7.3K	1.56%	Added(+72920.0%)
15	V VGES VANGUARD INDEX FDS	$6.5M	80.1K	1.30%	Added(+305.3%)
16	X XELLL XCEL ENERGY INC	$5.3M	66.2K	1.07%	Added(+3.6%)
17	? N/A PIMCO ETF TR	$5.3M	52.5K	1.06%	Added(+2.1%)
18	E ETHA ISHARES TR	$5.2M	52.5K	1.04%	Added(+0.3%)
19	M MSFT MICROSOFT CORP	$4.9M	13.1K	0.98%	Added(+27.2%)
20	B BRK-A BERKSHIRE HATHAWAY INC DEL	$4.8M	9.6K	0.97%	Trimmed(-1.2%)

S

STATE STR SPDR S&P 500 ETF T

-0.6%

Value

$77M

Shares

103.0K

% Port

15.47%

S

SCHWAB STRATEGIC TR

+0.2%

Value

$51.8M

Shares

1.79M

% Port

10.42%

V

VANGUARD INDEX FDS

+3.8%

Value

$48.3M

Shares

70.4K

% Port

9.72%

Q

INVESCO QQQ TR

-0.5%

Value

$29.1M

Shares

39.5K

% Port

5.84%

A

APPLE INC

+2.3%

Value

$16.1M

Shares

55.5K

% Port

3.23%

D

STATE STR SPDR DOW JONES IND

+0.9%

Value

$15.3M

Shares

29.3K

% Port

3.07%

?

7.N/A

PIMCO ETF TR

-3.2%

Value

$14.7M

Shares

156.9K

% Port

2.95%

V

VANGUARD INDEX FDS

+2.3%

Value

$13M

Shares

42.8K

% Port

2.61%

S

ABRDN SILVER ETF TRUST

-17.7%

Value

$12.6M

Shares

224.6K

% Port

2.54%

?

10.N/A

CAPITAL GROUP CORE BALANCED

+6.9%

Value

$12.2M

Shares

320.1K

% Port

2.44%

T

11.THQ

VANGUARD INDEX FDS

-9.2%

Value

$10.4M

Shares

28.5K

% Port

2.10%

V

VANGUARD INDEX FDS

+556.8%

Value

$9.3M

Shares

108.1K

% Port

1.87%

S

ETFS GOLD TR

-12.9%

Value

$8.7M

Shares

228.7K

% Port

1.76%

C

14.CAT

CATERPILLAR INC

+72920.0%

Value

$7.8M

Shares

7.3K

% Port

1.56%

V

VANGUARD INDEX FDS

+305.3%

Value

$6.5M

Shares

80.1K

% Port

1.30%

X

XCEL ENERGY INC

+3.6%

Value

$5.3M

Shares

66.2K

% Port

1.07%

?

17.N/A

PIMCO ETF TR

+2.1%

Value

$5.3M

Shares

52.5K

% Port

1.06%

E

ISHARES TR

+0.3%

Value

$5.2M

Shares

52.5K

% Port

1.04%

M

MICROSOFT CORP

+27.2%

Value

$4.9M

Shares

13.1K

% Port

0.98%

B

BERKSHIRE HATHAWAY INC DEL

-1.2%

Value

$4.8M

Shares

9.6K

% Port

0.97%

View full portfolio (167 holdings) →

Explore

All funds Consensus buys Trending this quarter Compare portfolios What is a 13F?Filing deadlines