Capital Management Associates, Inc
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 3, 2024), Capital Management Associates, Inc reported 78 stock positions worth $135.7 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 13.5% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 12.4%) and SS SPDR Dow Jones Indus Avg (DIA, 6.3%). Compared with Q4 2023, it opened 10 new positions, sold out of 15, added to 33 and reduced 26. The biggest buy was a new position in General Mills (GIS) and the biggest sale an exit from Schwab US Broad Market ETF (SCHB).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0002008851
- Portfolio Value
- $135.7M (Q1 2024)
- SEC Filing
- 0001085146-24-002200 ↗ filed May 3, 2024
Holdings Value
Holdings 78 stocks · $135.7M
| VOO Vanguard S&P 500 ETF | 13.52% | 38,182 | $18.4M | Add +1.8% |
| QQQ Invesco QQQ Trust Series 1 | 12.39% | 37,872 | $16.8M | Add +1.6% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 6.30% | 21,488 | $8.5M | Add +11.8% |
| GIS General Mills Inc. | 6.25% | 121,212 | $8.5M | New |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 6.03% | 87,484 | $8.2M | Add +36.7% |
| SIVR Abrdn Physical Silver Shares | 5.55% | 316,567 | $7.5M | Add +57.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 5.03% | 29,879 | $6.8M | Add +1.3% |
| AAPL Apple Inc. | 4.93% | 39,057 | $6.7M | Add +5.9% |
| SGOL Abrdn Physical Gold Shares | 4.85% | 309,942 | $6.6M | Add +53.9% |
| BSX Boston Scientific Corp. | 2.83% | 56,056 | $3.8M | Add +258.1% |
| MINT PIMCO Enhanced Short Maturit | 2.08% | 28,101 | $2.8M | Add +5.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.85% | 10,072 | $2.5M | Reduce -8.1% |
| NNN NNN REIT Inc. | 1.57% | 49,919 | $2.1M | Add +72.3% |
| MSFT Microsoft Corp. | 1.44% | 4,639 | $2.0M | Reduce -1.4% |
| RUNN Running Oak Efficient GR ETF | 1.36% | 59,083 | $1.8M | Add +8.9% |
| PSA Public Storage | 1.31% | 6,143 | $1.8M | Add +33.3% |
| FSK FS KKR Capital Corp. | 1.19% | 84,940 | $1.6M | Add +63.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.01% | 3,255 | $1.4M | Reduce -3.0% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.99% | 5,581 | $1.3M | No change |
| AMZN Amazon.com Inc. | 0.88% | 6,631 | $1.2M | Reduce -3.8% |
| GGG Graco Inc. | 0.81% | 11,813 | $1.1M | Add +2.4% |
| MCD McDonald's Corp. | 0.70% | 3,379 | $953K | Reduce -7.8% |
| VNQ Vanguard Real Estate ETF | 0.66% | 10,343 | $894K | Add +0.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.63% | 5,241 | $854K | Reduce -0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.63% | 1,628 | $852K | Reduce -86.8% |
| ARCC Ares Capital Corp. | 0.63% | 40,772 | $849K | Add +22.5% |
| DE Deere & Co. | 0.57% | 1,897 | $779K | No change |
| META Meta Platforms Inc. Class A | 0.55% | 1,542 | $749K | Add +0.1% |
| SCHD Schwab US DVD Equity ETF | 0.54% | 9,089 | $733K | Add +8.1% |
| JPM JPMorgan Chase & Co. | 0.54% | 3,655 | $732K | Add +70.2% |
| DAL Delta Air Lines Inc. | 0.50% | 14,166 | $678K | Reduce -8.8% |
| CAT Caterpillar Inc. | 0.49% | 1,832 | $671K | Reduce -13.8% |
| GLD SPDR Gold Shares | 0.49% | 3,256 | $670K | Add +3.5% |
| VEA Vanguard Ftse Developed ETF | 0.46% | 12,532 | $629K | Reduce -29.7% |
| JNJ Johnson & Johnson | 0.44% | 3,801 | $601K | Reduce -8.8% |
| GOOG Alphabet Inc. Class C | 0.43% | 3,874 | $590K | Reduce -22.0% |
| VWO Vanguard Ftse Emerging Marke | 0.40% | 12,968 | $542K | Reduce -3.6% |
| MA Mastercard Inc. Class A | 0.39% | 1,108 | $534K | Add +5.7% |
| TTC Toro Co. | 0.38% | 5,681 | $521K | Add +1.8% |
| IJH iShares Core S&P Midcap ETF | 0.38% | 8,451 | $513K | Reduce -73.8% |
| NVDA Nvidia Corp. | 0.37% | 557 | $503K | Add +7.7% |
| DFAS Dimensional US Small Cap ETF | 0.37% | 7,954 | $496K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.36% | 1,421 | $489K | Add +0.1% |
| ILCB iShares Morningstar U.S. Equ | 0.35% | 6,524 | $473K | Add +0.3% |
| VHT Vanguard Health Care ETF | 0.34% | 1,728 | $468K | Reduce -1.4% |
| USB US Bancorp | 0.34% | 10,391 | $464K | Reduce -1.3% |
| XLP SS Consumer Staples Sel Sect | 0.31% | 5,557 | $424K | Reduce -10.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.30% | 3,180 | $408K | New |
| WM Waste Management Inc. | 0.30% | 1,885 | $402K | Add +1.9% |
| GE General Electric | 0.29% | 2,257 | $396K | Reduce -4.9% |
| COST Costco Wholesale Corp. | 0.27% | 498 | $365K | Add +3.1% |
| AMAT Applied Materials Inc. | 0.26% | 1,725 | $356K | Add +0.2% |
| V Visa Inc. Class A | 0.25% | 1,196 | $334K | Add +2.9% |
| LLY Eli Lilly & Co. | 0.24% | 414 | $322K | No change |
| XRAY Dentsply Sirona Inc. | 0.24% | 9,666 | $321K | New |
| VTI VG Morningstar TS MKT ETF-US | 0.23% | 1,219 | $317K | Reduce -28.5% |
| FTEC Fidelity MSCI Info Tech Indx | 0.23% | 2,000 | $312K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.22% | 1,660 | $303K | Reduce -21.4% |
| IVV iShares Core S&P 500 ETF | 0.22% | 575 | $302K | Add +2.7% |
| XLK SS Technology Select Sector | 0.21% | 1,369 | $285K | No change |
| IJR iShares Core S&P Small-Cap E | 0.21% | 2,565 | $284K | Reduce -54.3% |
| SCHW Schwab (charles) Corp. | 0.18% | 3,448 | $249K | Add +1.0% |
| KMB Kimberly-Clark Corp. | 0.17% | 1,799 | $233K | New |
| FAST Fastenal Co. | 0.17% | 2,938 | $227K | Reduce -11.4% |
| IWF iShares Russell 1000 Growth | 0.17% | 669 | $225K | Reduce -29.1% |
| VYM Vanguard High DVD Yield ETF | 0.16% | 1,825 | $221K | No change |
| PEP Pepsico Inc. | 0.16% | 1,243 | $218K | Reduce -5.4% |
| NTRS Northern Trust Corp. | 0.16% | 2,440 | $217K | New |
| XLE SS Energy Select Sector | 0.16% | 2,273 | $215K | New |
| XLV SS Health Care Select Sector | 0.15% | 1,421 | $210K | New |
| BA The Boeing Co. | 0.15% | 1,082 | $209K | Add +3.0% |
| MWA Mueller Water Products Inc. Class A | 0.12% | 10,128 | $163K | New |
| HON Honeywell International Inc. | 0.10% | 653 | $134K | Reduce -49.3% |
| ASX Ase Technology Holding -ADR | 0.08% | 10,000 | $110K | No change |
| AG First Majestic Silver Corp. | 0.07% | 15,000 | $88K | No change |
| PG The Procter & Gamble Co. | 0.06% | 483 | $78K | New |
| SCHA Schwab US Small-Cap ETF | 0.01% | 138 | $7K | Reduce -26.6% |
| QS Quantumscape Corp. | 0.00% | 25,426 | $6K | New |
Other holdings (11): bonds, preferreds, convertibles and warrants · $86K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SCHZ Schwab US Aggregate Bond ETF | US AGGREGATE B · principal | 3,446,330 | $69K | New |
| SCHA Schwab US Small-Cap ETF | US SML CAP ETF · principal | 438,423 | $9K | New |
| SCHF Schwab Intl Equity ETF | INTL EQTY ETF · principal | 166,122 | $4K | New |
| IVW iShares S&P 500 Growth ETF | S&P 500 GRWT ETF · principal | 173,153 | $2K | New |
| AAPL Apple Inc. | COM · principal | 101,078 | $525 | New |
| HON Honeywell International Inc. | COM · principal | 99,612 | $475 | New |
| AMZN Amazon.com Inc. | COM · principal | 48,621 | $320 | New |
| PG The Procter & Gamble Co. | COM · principal | 9,672 | $66 | New |
| MCD McDonald's Corp. | COM · principal | 16,604 | $56 | New |
| SYK Stryker Corp. | COM · principal | 15,966 | $53 | New |
| CAT Caterpillar Inc. | COM · principal | 3,548 | $12 | New |
Total filed on the 13F, all lines: $135.8M.
Portfolio Sells Q4 2023 → Q1 2024
| SCHB Schwab US Broad Market ETF | Sold out | 0.00% | −18.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -86.8% | 0.63% | −11.79 |
| SCHZ Schwab US Aggregate Bond ETF | Sold out | 0.00% | −1.20 |
| IJH iShares Core S&P Midcap ETF | Reduce -73.8% | 0.38% | −1.12 |
| MUB iShares National Muni Bond E | Sold out | 0.00% | −1.10 |
| SCHX Schwab US Large-Cap ETF | Sold out | 0.00% | −0.83 |
| IJR iShares Core S&P Small-Cap E | Reduce -54.3% | 0.21% | −0.76 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -28.5% | 0.23% | −0.46 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.34 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.31 |
| SPYG SS SPDR P S&P 500 Growth ETF | Sold out | 0.00% | −0.28 |
| SCHA Schwab US Small-Cap ETF | Reduce -26.6% | 0.01% | −0.25 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Sold out | 0.00% | −0.23 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.18 |
| XEL Xcel Energy Inc. | Sold out | 0.00% | −0.17 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.14 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.13 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.13 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.12 |
| HON Honeywell International Inc. | Reduce -49.3% | 0.10% | −0.09 |
| VEA Vanguard Ftse Developed ETF | Reduce -29.7% | 0.46% | −0.04 |
| NOK Nokia Corp.-Spon ADR | Sold out | 0.00% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -29.1% | 0.17% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -21.4% | 0.22% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -22.0% | 0.43% | +0.02 |
| PEP Pepsico Inc. | Reduce -5.4% | 0.16% | +0.03 |
| FAST Fastenal Co. | Reduce -11.4% | 0.17% | +0.04 |
| XLP SS Consumer Staples Sel Sect | Reduce -10.3% | 0.31% | +0.05 |
| JNJ Johnson & Johnson | Reduce -8.8% | 0.44% | +0.06 |
| VWO Vanguard Ftse Emerging Marke | Reduce -3.6% | 0.40% | +0.07 |
| USB US Bancorp | Reduce -1.3% | 0.34% | +0.07 |
| VHT Vanguard Health Care ETF | Reduce -1.4% | 0.34% | +0.09 |
| MCD McDonald's Corp. | Reduce -7.8% | 0.70% | +0.10 |
| GE General Electric | Reduce -4.9% | 0.29% | +0.11 |
| DAL Delta Air Lines Inc. | Reduce -8.8% | 0.50% | +0.13 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.5% | 0.63% | +0.17 |
| CAT Caterpillar Inc. | Reduce -13.8% | 0.49% | +0.17 |
| AMZN Amazon.com Inc. | Reduce -3.8% | 0.88% | +0.25 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.0% | 1.01% | +0.30 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -8.1% | 1.85% | +0.35 |
| MSFT Microsoft Corp. | Reduce -1.4% | 1.44% | +0.40 |
Portfolio Buys Q4 2023 → Q1 2024
| GIS General Mills Inc. | New | 6.25% | +6.25 |
| VOO Vanguard S&P 500 ETF | Add +1.8% | 13.52% | +3.88 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.6% | 12.39% | +3.40 |
| SIVR Abrdn Physical Silver Shares | Add +57.4% | 5.55% | +2.86 |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | Add +36.7% | 6.03% | +2.52 |
| SGOL Abrdn Physical Gold Shares | Add +53.9% | 4.85% | +2.51 |
| BSX Boston Scientific Corp. | Add +258.1% | 2.83% | +2.30 |
| DIA SS SPDR Dow Jones Indus Avg | Add +11.8% | 6.30% | +2.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +1.3% | 5.03% | +1.33 |
| NNN NNN REIT Inc. | Add +72.3% | 1.57% | +0.84 |
| AAPL Apple Inc. | Add +5.9% | 4.93% | +0.72 |
| FSK FS KKR Capital Corp. | Add +63.0% | 1.19% | +0.58 |
| MINT PIMCO Enhanced Short Maturit | Add +5.8% | 2.08% | +0.52 |
| PSA Public Storage | Add +33.3% | 1.31% | +0.49 |
| RUNN Running Oak Efficient GR ETF | Add +8.9% | 1.36% | +0.46 |
| JPM JPMorgan Chase & Co. | Add +70.2% | 0.54% | +0.32 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.30% | +0.30 |
| XRAY Dentsply Sirona Inc. | New | 0.24% | +0.24 |
| ARCC Ares Capital Corp. | Add +22.5% | 0.63% | +0.23 |
| META Meta Platforms Inc. Class A | Add +0.1% | 0.55% | +0.23 |
| GGG Graco Inc. | Add +2.4% | 0.81% | +0.22 |
| NVDA Nvidia Corp. | Add +7.7% | 0.37% | +0.22 |
| KMB Kimberly-Clark Corp. | New | 0.17% | +0.17 |
| SCHD Schwab US DVD Equity ETF | Add +8.1% | 0.54% | +0.16 |
| NTRS Northern Trust Corp. | New | 0.16% | +0.16 |
| XLE SS Energy Select Sector | New | 0.16% | +0.16 |
| XLV SS Health Care Select Sector | New | 0.15% | +0.15 |
| GLD SPDR Gold Shares | Add +3.5% | 0.49% | +0.14 |
| MA Mastercard Inc. Class A | Add +5.7% | 0.39% | +0.13 |
| VNQ Vanguard Real Estate ETF | Add +0.8% | 0.66% | +0.13 |
| MWA Mueller Water Products Inc. Class A | New | 0.12% | +0.12 |
| WM Waste Management Inc. | Add +1.9% | 0.30% | +0.10 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.1% | 0.36% | +0.10 |
| AMAT Applied Materials Inc. | Add +0.2% | 0.26% | +0.10 |
| ILCB iShares Morningstar U.S. Equ | Add +0.3% | 0.35% | +0.10 |
| COST Costco Wholesale Corp. | Add +3.1% | 0.27% | +0.08 |
| TTC Toro Co. | Add +1.8% | 0.38% | +0.07 |
| V Visa Inc. Class A | Add +2.9% | 0.25% | +0.07 |
| IVV iShares Core S&P 500 ETF | Add +2.7% | 0.22% | +0.07 |
| PG The Procter & Gamble Co. | New | 0.06% | +0.06 |
| SCHW Schwab (charles) Corp. | Add +1.0% | 0.18% | +0.05 |
| QS Quantumscape Corp. | New | 0.00% | +0.00 |
| BA The Boeing Co. | Add +3.0% | 0.15% | −0.01 |
Notes & Other Activity Q4 2023 → Q1 2024
| SCHZ Schwab US Aggregate Bond ETF | US AGGREGATE B · principal | New | 3,446,330 | $69K |
| SCHA Schwab US Small-Cap ETF | US SML CAP ETF · principal | New | 438,423 | $9K |
| SCHF Schwab Intl Equity ETF | INTL EQTY ETF · principal | New | 166,122 | $4K |
| IVW iShares S&P 500 Growth ETF | S&P 500 GRWT ETF · principal | New | 173,153 | $2K |
| AAPL Apple Inc. | COM · principal | New | 101,078 | $525 |
| HON Honeywell International Inc. | COM · principal | New | 99,612 | $475 |
| AMZN Amazon.com Inc. | COM · principal | New | 48,621 | $320 |
| PG The Procter & Gamble Co. | COM · principal | New | 9,672 | $66 |
| MCD McDonald's Corp. | COM · principal | New | 16,604 | $56 |
| SYK Stryker Corp. | COM · principal | New | 15,966 | $53 |
| CAT Caterpillar Inc. | COM · principal | New | 3,548 | $12 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 153 | $497.5M | SPY, SCHB, VOO, QQQ, AAPL |
| Q1 2026 | 151 | $442.3M | SPY, SCHB, VOO, QQQ, SIVR |
| Q4 2025 | 156 | $452.3M | SPY, SCHB, VOO, QQQ, SIVR |
| Q3 2025 | 140 | $370.0M | SCHB, SPY, VOO, GIS, QQQ |
| Q2 2025 | 115 | $315.7M | SCHB, VOO, SPY, GIS, QQQ |
| Q1 2025 | 129 | $441.6M | SCHB, SPY, VOO, QQQ, HYS |
| Q4 2024 | 104 | $266.8M | SCHB, VOO, SPY, GIS, QQQ |
| Q3 2024 | 107 | $244.8M | SCHB, VOO, SPY, QQQ, GIS |
| Q2 2024 | 77 | $165.2M | SPY, VOO, QQQ, SIVR, HYS |
| Q1 2024 | 78 | $135.7M | VOO, QQQ, DIA, GIS, HYS |