Capital Management Associates, Inc

Q4 2025 13F-HR Holdings

Location
Minneapolis, MN
Holdings as of
12/31/2025
Date filed
1/21/2026
Form type
13F-HR
Num holdings
156
Total value ($000)
$452,263
Net value change ($000)
+82,301 (22.2%)
New positions
24
Sold out positions
8
Turnover %
3.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/22/2025 Next filing: 4/22/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SPY 24,170 60.5%
VOO 12,314 43.7%
SIVR 6,979 50.9%
VUG 3,830 100.9%
VB 3,657 52.0%
ORCL 3,534 1006.8%
VO 2,761 81.1%
BRK-B 2,615 141.2%
CAT 2,206 118.6%
VBK 2,015 26.5%
Top Reduces (Value $000, Stocks/ETFs)
GIS -12,357 -52.1%
AAPL -2,851 -16.1%
MSFT -1,269 -21.0%
ETN -620 -100.0%
JPM -431 -33.2%
GLD -308 -42.4%
SCHX -301 -15.7%
NVO -300 -100.0%
RTX -286 -100.0%
PEP -269 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type