Capital Management Associates, Inc
Long book
$442.3M
Q1 2026
Positions
151
Top-10 weight
59%
concentration
Last quarter
+11.9%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsCapital Management Associates, Inc is a wealth-management firm allocating client money, running a $442.3M US long book across 151 positions.
The portfolio is concentrated: the top 10 names carry 59% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, SCHWAB US BROAD MARKET ETF, VANGUARD S&P 500 ETF, INVESCO QQQ TRUST SERIES 1, ABRDN PHYSICAL SILVER SHARES.
Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.8%
Q2 2024
+7.3%
Q3 2024
+0.3%
Q4 2024
-2.3%
Q1 2025
+8.6%
Q2 2025
+8.1%
Q3 2025
+4.0%
Q4 2025
-2.6%
Q1 2026
+11.9%
Sector allocation
Technology 35%
Industrials 14%
Healthcare 12%
Financials 10%
Consumer discretionary 8%
Utilities 7%
Consumer staples 6%
Other 4%
Long book by quarter
What does Capital Management own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 54.7K | $13.9M | 3.1% | -0.1% |
| CAT CATERPILLAR INC | Industrials | 7.2K | $5.1M | 1.2% | +1.9% |
| XEL XCEL ENERGY INC | Utilities | 64.0K | $5.1M | 1.1% | +0.6% |
| GIS GENERAL MILLS INC | Consumer staples | 130.5K | $4.9M | 1.1% | -46.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 9.7K | $4.7M | 1.1% | +9.5% |
| MSFT MICROSOFT CORP | Technology | 10.3K | $3.8M | 0.9% | +4.4% |
| ORCL ORACLE CORP | Technology | 20.3K | $3.0M | 0.7% | +1.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 11.1K | $2.7M | 0.6% | -1.7% |
| DE DEERE & CO | Industrials | 4.7K | $2.6M | 0.6% | +0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 10.3K | $2.2M | 0.5% | +1.4% |
| META META PLATFORMS INC-CLASS A | Technology | 3.5K | $2.0M | 0.4% | +2.4% |
| MMM 3M CO | Healthcare | 12.9K | $1.9M | 0.4% | -2.8% |
| UNH UNITEDHEALTH GROUP INC | Financials | 6.8K | $1.8M | 0.4% | +4.2% |
| MRK MERCK & CO. INC. | Healthcare | 14.8K | $1.8M | 0.4% | +7.2% |
| NVDA NVIDIA CORP | Technology | 9.5K | $1.6M | 0.4% | +3.3% |
| GOOGL ALPHABET INC-CL A | Technology | 5.4K | $1.6M | 0.4% | +22.3% |
| EMR EMERSON ELECTRIC CO | Industrials | 11.3K | $1.5M | 0.3% | -0.9% |
| ECL ECOLAB INC | Other | 5.6K | $1.5M | 0.3% | -0.1% |
| DRI DARDEN RESTAURANTS INC | Consumer discretionary | 7.1K | $1.4M | 0.3% | +0.2% |
| DGX QUEST DIAGNOSTICS INC | Healthcare | 5.9K | $1.2M | 0.3% | Held |
| GOOG ALPHABET INC-CL C | Technology | 3.8K | $1.1M | 0.2% | -21.3% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 15.7K | $982K | 0.2% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 3.1K | $970K | 0.2% | -1.7% |
| JPM JPMORGAN CHASE & CO | Financials | 3.3K | $959K | 0.2% | +21.0% |
| GGG GRACO INC | Industrials | 11.3K | $956K | 0.2% | -0.9% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 6.1K | $897K | 0.2% | -1.6% |
| SNDA SONIDA SENIOR LIVING INC | Healthcare | 26.4K | $852K | 0.2% | New |
| AMAT APPLIED MATERIALS INC | Technology | 2.3K | $783K | 0.2% | -16.5% |
| KLAC KLA CORP | Other | 500 | $736K | 0.2% | Held |
| KMB KIMBERLY-CLARK CORP | Other | 7.0K | $676K | 0.2% | -6.1% |
| WMT WALMART INC | Consumer discretionary | 5.1K | $637K | 0.1% | +23.9% |
| SNDK SANDISK CORP | Technology | 1.0K | $635K | 0.1% | New |
| USB US BANCORP | Financials | 11.7K | $607K | 0.1% | -5.0% |
| TGT TARGET CORP | Consumer discretionary | 4.7K | $574K | 0.1% | -0.3% |
| GE GENERAL ELECTRIC | Industrials | 2.0K | $554K | 0.1% | -4.9% |
| DUK DUKE ENERGY CORP | Utilities | 4.1K | $543K | 0.1% | -1.6% |
| TTC TORO CO | Industrials | 5.7K | $531K | 0.1% | Held |
| MA MASTERCARD INC - A | Services media | 1.0K | $511K | 0.1% | +0.6% |
| PG PROCTER & GAMBLE CO/THE | Other | 3.5K | $502K | 0.1% | -22.3% |
| WM WASTE MANAGEMENT INC | Utilities | 2.1K | $492K | 0.1% | -14.9% |
| MDT MEDTRONIC PLC | Healthcare | 5.5K | $480K | 0.1% | -7.5% |
| GEV GE VERNOVA INC | Industrials | 546 | $477K | 0.1% | -5.0% |
| CVX CHEVRON CORP | Energy | 2.2K | $456K | 0.1% | +19.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 23, 2026 | 166 | $442.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 171 | $452.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 153 | $370.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 124 | $315.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 129 | $441.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 28, 2025 | 104 | $266.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 23, 2024 | 108 | $244.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 1, 2024 | 79 | $165.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 91 | $135.8M | canonical | SEC ↗ |