Q3 2025 · 13F-HR
INVESTMENT MANAGEMENT ASSOCIATES INC /ADVholdings as filed
Filed 2025-11-06 · accession 0000052024-25-000006
$339.4M
Reported value
30
Positions
2025-09-30
Period end
The Brief · INVESTMENT MANAGEMENT ASSOCIATES INC /ADV · Q3 2025
AI · grounded in 13F
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV established a new position in UBER valued at $43.6M. The fund also initiated new stakes in HII for $33.4M and BTI for $30.4M. Additional new positions include BSM, MOH, and PM. The fund ended the period with 30 positions and total AUM of $339.4M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $43.6M | 12.8% | 444,952 | Common | NONE |
| 446413106 | HII | HUNTINGTON INGALLS INDS INC | $33.4M | 9.83% | 115,932 | Common | NONE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $30.4M | 8.97% | 573,592 | Common | NONE |
| 09225M101 | BSM | BLACK STONE MINERALS L P | $25.4M | 7.49% | 1,934,739 | Common | NONE |
| 60855R100 | MOH | MOLINA HEALTHCARE INC | $20.2M | 5.96% | 105,787 | Common | NONE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $19.7M | 5.81% | 121,535 | Common | NONE |
| 83444M101 | SOLV | SOLVENTUM CORP | $18.9M | 5.57% | 258,949 | Common | NONE |
| 530307305 | LBRDK | LIBERTY BROADBAND CORP | $16.9M | 4.98% | 265,920 | Common | NONE |
| 293792107 | EPD | ENTERPRISE PRODS PARTNERS L | $16.7M | 4.93% | 535,444 | Common | NONE |
| 58155Q103 | MCK | MCKESSON CORP | $14.0M | 4.12% | 18,080 | Common | NONE |
| 500472303 | PHG | KONINKLIJKE PHILIPS N V | $13.7M | 4.05% | 504,362 | Common | NONE |
| 89679E300 | TFIN | TRIUMPH FINANCIAL INC | $12.7M | 3.74% | 253,400 | Common | NONE |
| 457651107 | INVX | INNOVEX INTERNATIONAL INC | $11.8M | 3.46% | 634,056 | Common | NONE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $10.7M | 3.16% | 335,252 | Common | NONE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $10.6M | 3.13% | 337,699 | Common | NONE |
| G6683N103 | NU | NU HLDGS LTD | $8.0M | 2.35% | 498,340 | Common | NONE |
| 127190304 | CACI | CACI INTL INC | $6.2M | 1.83% | 12,435 | Common | NONE |
| 444859102 | HUM | HUMANA INC | $5.2M | 1.53% | 19,966 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $4.7M | 1.39% | 9,369 | Common | NONE |
| 036752103 | ELV | ELEVANCE HEALTH INC FORMERLY | $4.2M | 1.25% | 13,108 | Common | NONE |
| 464288414 | MUB | ISHARES TR | $3.5M | 1.04% | 33,191 | Common | NONE |
| 464288679 | SHV | ISHARES TR | $2.8M | 0.83% | 25,593 | Common | NONE |
| 78463V107 | GLD | SPDR GOLD TR | $2.5M | 0.75% | 65,100 | CALL | NONE |
| 852066208 | SII | SPROTT INC | $868,920 | 0.26% | 10,445 | Common | NONE |
| 74915M605 | QVCAQ | QVC GROUP INC | $655,601 | 0.19% | 48,599 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $550,750 | 0.16% | 296,900 | PUT | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $373,160 | 0.11% | 2,000 | Common | NONE |
| 464287432 | TLT | ISHARES TR | $353,665 | 0.10% | 459,700 | PUT | NONE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $273,066 | 0.08% | 563 | Common | NONE |
| 92189F106 | GDX | VANECK ETF TRUST | $267,400 | 0.08% | 3,500 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.