Capital Management Associates, Inc

Name: Capital Management Associates, Inc 13F holdings, Q3 2024
Creator: Capital Management Associates, Inc
Published: 2024-10-23

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q2 2024Q1 2024

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 23, 2024), Capital Management Associates, Inc reported 107 stock positions worth $244.8 million. Its top holding was Schwab US Broad Market ETF (SCHB) at 15.3% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 9.2%) and SS SPDR S&P 500 ETF Trust-US (SPY, 8.1%). Compared with Q2 2024, it opened 30 new positions, added to 44 and reduced 21. The biggest buy was a new position in Schwab US Broad Market ETF (SCHB) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −6%).

Most Recent 13F: Q2 2026
Location: MINNEAPOLIS, MN
CIK: 0002008851
Portfolio Value: $244.8M (Q3 2024)
SEC Filing: 0001085146-24-005097 ↗ filed Oct 23, 2024

Holdings Value

Holdings 107 stocks · $244.8M


SCHB Schwab US Broad Market ETF	15.35%	564,749	$37.6M	New
VOO Vanguard S&P 500 ETF	9.24%	42,872	$22.6M	Add +11.5%
SPY SS SPDR S&P 500 ETF Trust-US	8.09%	34,525	$19.8M	Reduce -6.1%
QQQ Invesco QQQ Trust Series 1	7.50%	37,620	$18.4M	Reduce -1.0%
GIS General Mills Inc.	5.56%	184,211	$13.6M	Add +52.3%
HYS PIMCO 0-5 Year H/Y Corp. Bond	4.19%	107,286	$10.2M	Add +10.2%
SIVR Abrdn Physical Silver Shares	4.14%	340,569	$10.1M	Add +2.3%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	3.80%	21,990	$9.3M	Add +0.3%
AAPL Apple Inc.	3.42%	35,940	$8.4M	Add +2.3%
SGOL Abrdn Physical Gold Shares	3.42%	332,638	$8.4M	Add +2.2%
VB Vanguard Most SM-Cap ETF-Usd	2.83%	29,248	$6.9M	Reduce -1.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd	1.48%	13,770	$3.6M	Add +47.0%
MINT PIMCO Enhanced Short Maturit	1.47%	35,777	$3.6M	Add +11.3%
MSFT Microsoft Corp.	1.41%	8,005	$3.4M	Add +72.3%
RUNN Running Oak Efficient GR ETF	1.22%	89,011	$3.0M	Add +12.6%
PSA Public Storage	1.21%	8,143	$3.0M	Add +32.6%
UNH Unitedhealth Group Inc.	1.09%	4,552	$2.7M	Add +11.0%
NNN NNN REIT Inc.	0.95%	47,816	$2.3M	Reduce -4.2%
MUB iShares National Muni Bond E	0.95%	21,303	$2.3M	New
IJH iShares Core S&P Midcap ETF	0.92%	36,209	$2.3M	Add +0.1%
SCHZ Schwab US Aggregate Bond ETF	0.92%	47,279	$2.2M	New
AGG iShares Core U.S. Aggregate	0.86%	20,783	$2.1M	Add +91.9%
SCHX Schwab US Large-Cap ETF	0.69%	24,905	$1.7M	New
AMZN Amazon.com Inc.	0.62%	8,141	$1.5M	Add +24.1%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET	0.62%	44,048	$1.5M	Add +76.6%
BRK.B Berkshire Hathaway Inc. Class B	0.61%	3,234	$1.5M	Add +2.8%
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.60%	5,581	$1.5M	No change
IJR iShares Core S&P Small-Cap E	0.59%	12,340	$1.4M	Add +1.4%
JNJ Johnson & Johnson	0.58%	8,836	$1.4M	Add +121.2%
BSX Boston Scientific Corp.	0.54%	15,654	$1.3M	No change
CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED	0.52%	40,816	$1.3M	New
VTI VG Morningstar TS MKT ETF-US	0.43%	3,736	$1.1M	New
VXUS Vanguard Total Intl Stock	0.43%	16,166	$1.0M	New
MCD McDonald's Corp.	0.42%	3,376	$1.0M	Reduce -0.4%
VNQ Vanguard Real Estate ETF	0.42%	10,479	$1.0M	Add +5.2%
GGG Graco Inc.	0.41%	11,535	$1.0M	Reduce -1.7%
META Meta Platforms Inc. Class A	0.38%	1,643	$941K	Add +6.5%
VTV Vanguard Mrngstr Val ETF-Aui	0.38%	5,276	$921K	Add +0.7%
MMM 3M Co.	0.35%	6,195	$847K	Reduce -4.8%
GOOG Alphabet Inc. Class C	0.34%	5,019	$839K	Add +0.1%
FSK FS KKR Capital Corp.	0.34%	41,879	$826K	Reduce -40.5%
DE Deere & Co.	0.32%	1,898	$792K	Add +0.1%
NVDA Nvidia Corp.	0.32%	6,446	$783K	Add +9.4%
VIG Vanguard Dividend Apprec ETF	0.32%	3,933	$779K	Reduce -1.9%
DAL Delta Air Lines Inc.	0.31%	14,943	$759K	Add +5.5%
JPM JPMorgan Chase & Co.	0.31%	3,562	$751K	Add +3.0%
TGT Target Corp.	0.30%	4,707	$734K	New
SCHD Schwab US DVD Equity ETF	0.29%	8,528	$721K	Reduce -2.8%
MRK Merck & Co. Inc.	0.29%	6,301	$716K	New
CAT Caterpillar Inc.	0.29%	1,824	$713K	Reduce -0.6%
CGGR Cap Group Growth Equity	0.29%	20,284	$706K	Add +42.3%
DRI Darden Restaurants Inc.	0.24%	3,645	$598K	New
EFA iShares MSCI Eafe ETF	0.24%	7,099	$594K	No change
VUG Vanguard Mrngstar GR ETF-Sui	0.22%	1,396	$536K	Reduce -1.7%
SCHA Schwab US Small-Cap ETF	0.21%	10,103	$520K	New
MA Mastercard Inc. Class A	0.21%	1,048	$518K	No change
DFAS Dimensional US Small Cap ETF	0.21%	7,954	$516K	No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.21%	4,728	$515K	New
GLD SPDR Gold Shares	0.21%	2,111	$513K	Reduce -12.8%
ILCB iShares Morningstar U.S. Equ	0.21%	6,431	$510K	Reduce -1.6%
GLDM SPDR Gold Minishares Trust	0.20%	9,579	$499K	New
TTC Toro Co.	0.20%	5,681	$493K	No change
VWO Vanguard Ftse Emerging Marke	0.20%	10,213	$489K	Reduce -18.0%
USB US Bancorp	0.19%	10,297	$471K	No change
COST Costco Wholesale Corp.	0.19%	523	$463K	Add +0.2%
XLP SS Consumer Staples Sel Sect	0.19%	5,556	$461K	Reduce -0.2%
VEA Vanguard Ftse Developed ETF	0.19%	8,616	$455K	Reduce -20.2%
SPYG SS SPDR P S&P 500 Growth ETF	0.18%	5,429	$450K	New
SPMD SS SPDR P S&P 400 Midcap ETF	0.18%	8,014	$438K	New
GE General Electric filed as GE AEROSPACE	0.18%	2,314	$436K	Add +2.2%
WM Waste Management Inc.	0.17%	2,060	$428K	Add +2.3%
NVO Novo-Nordisk A/S-Spons ADR	0.16%	3,299	$393K	Add +3.7%
XEL Xcel Energy Inc.	0.16%	5,844	$382K	New
LLY Eli Lilly & Co.	0.15%	415	$368K	No change
VHT Vanguard Health Care ETF	0.15%	1,301	$367K	Reduce -3.9%
INTC Intel Corp.	0.15%	15,223	$357K	New
IWF iShares Russell 1000 Growth	0.14%	944	$354K	Add +41.1%
AMAT Applied Materials Inc.	0.14%	1,731	$350K	Add +0.2%
FTEC Fidelity MSCI Info Tech Indx	0.14%	2,000	$349K	No change
V Visa Inc. Class A	0.14%	1,247	$343K	Add +0.2%
IVV iShares Core S&P 500 ETF	0.14%	576	$332K	Add +0.2%
ARCC Ares Capital Corp.	0.13%	14,872	$311K	Reduce -17.4%
XLK SS Technology Select Sector	0.13%	1,369	$309K	No change
GOOGL Alphabet Inc. Class A	0.12%	1,744	$289K	Add +2.6%
TSLA Tesla Inc.	0.11%	1,063	$278K	New
FAST Fastenal Co.	0.11%	3,703	$264K	Add +11.5%
HD Home Depot Inc.	0.10%	618	$250K	New
WMT Walmart Inc.	0.10%	2,930	$237K	New
SCHW Schwab (charles) Corp.	0.10%	3,611	$234K	Add +0.3%
WFC Wells Fargo & Co.	0.09%	4,099	$232K	Reduce -0.5%
NEE Nextera Energy Inc.	0.09%	2,680	$227K	Reduce -20.4%
IVW iShares S&P 500 Growth ETF	0.09%	2,313	$221K	New
HON Honeywell International Inc.	0.09%	1,064	$220K	New
XLV SS Health Care Select Sector	0.09%	1,428	$220K	Add +0.2%
PEP Pepsico Inc.	0.09%	1,262	$215K	Add +0.2%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.09%	2,617	$211K	New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.08%	940	$208K	New
AMD Advanced Micro Devices	0.08%	1,255	$206K	New
CMG Chipotle Mexican Grill Inc.	0.08%	3,561	$205K	Add +9.6%
PLTR Palantir Technologies Inc. Class A	0.08%	5,483	$204K	New

Show all 107 holdings

Options reported separately and not counted above: CL calls ($21K).

Portfolio Sells Q2 2024 → Q3 2024


SPY SS SPDR S&P 500 ETF Trust-US	Reduce -6.1%	8.09%	−4.02
QQQ Invesco QQQ Trust Series 1	Reduce -1.0%	7.50%	−3.52
VB Vanguard Most SM-Cap ETF-Usd	Reduce -1.9%	2.83%	−1.10
FSK FS KKR Capital Corp.	Reduce -40.5%	0.34%	−0.50
NNN NNN REIT Inc.	Reduce -4.2%	0.95%	−0.34
GGG Graco Inc.	Reduce -1.7%	0.41%	−0.15
VEA Vanguard Ftse Developed ETF	Reduce -20.2%	0.19%	−0.14
VWO Vanguard Ftse Emerging Marke	Reduce -18.0%	0.20%	−0.13
VIG Vanguard Dividend Apprec ETF	Reduce -1.9%	0.32%	−0.12
SCHD Schwab US DVD Equity ETF	Reduce -2.8%	0.29%	−0.12
GLD SPDR Gold Shares	Reduce -12.8%	0.21%	−0.11
MCD McDonald's Corp.	Reduce -0.4%	0.42%	−0.10
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -1.7%	0.22%	−0.10
ARCC Ares Capital Corp.	Reduce -17.4%	0.13%	−0.10
ILCB iShares Morningstar U.S. Equ	Reduce -1.6%	0.21%	−0.09
CAT Caterpillar Inc.	Reduce -0.6%	0.29%	−0.08
XLP SS Consumer Staples Sel Sect	Reduce -0.2%	0.19%	−0.07
VHT Vanguard Health Care ETF	Reduce -3.9%	0.15%	−0.07
MMM 3M Co.	Reduce -4.8%	0.35%	−0.06
WFC Wells Fargo & Co.	Reduce -0.5%	0.09%	−0.05
NEE Nextera Energy Inc.	Reduce -20.4%	0.09%	−0.05

Portfolio Buys Q2 2024 → Q3 2024


SCHB Schwab US Broad Market ETF	New	15.35%	+15.35
MUB iShares National Muni Bond E	New	0.95%	+0.95
GIS General Mills Inc.	Add +52.3%	5.56%	+0.93
SCHZ Schwab US Aggregate Bond ETF	New	0.92%	+0.92
SCHX Schwab US Large-Cap ETF	New	0.69%	+0.69
CGBL Cap Group Core Balanced	New	0.52%	+0.52
VTI VG Morningstar TS MKT ETF-US	New	0.43%	+0.43
VXUS Vanguard Total Intl Stock	New	0.43%	+0.43
TGT Target Corp.	New	0.30%	+0.30
MRK Merck & Co. Inc.	New	0.29%	+0.29
DRI Darden Restaurants Inc.	New	0.24%	+0.24
JNJ Johnson & Johnson	Add +121.2%	0.58%	+0.23
AGG iShares Core U.S. Aggregate	Add +91.9%	0.86%	+0.22
SCHA Schwab US Small-Cap ETF	New	0.21%	+0.21
TROW T Rowe Price Group Inc.	New	0.21%	+0.21
GLDM SPDR Gold Minishares Trust	New	0.20%	+0.20
SPYG SS SPDR P S&P 500 Growth ETF	New	0.18%	+0.18
SPMD SS SPDR P S&P 400 Midcap ETF	New	0.18%	+0.18
XEL Xcel Energy Inc.	New	0.16%	+0.16
MSFT Microsoft Corp.	Add +72.3%	1.41%	+0.15
INTC Intel Corp.	New	0.15%	+0.15
PSA Public Storage	Add +32.6%	1.21%	+0.14
CGUS Cap Group Core Equity	Add +76.6%	0.62%	+0.13
TSLA Tesla Inc.	New	0.11%	+0.11
VO Vngrd Mrngstr MD-Cap ETF-Usd	Add +47.0%	1.48%	+0.11
HD Home Depot Inc.	New	0.10%	+0.10
WMT Walmart Inc.	New	0.10%	+0.10
IVW iShares S&P 500 Growth ETF	New	0.09%	+0.09
HON Honeywell International Inc.	New	0.09%	+0.09
XLU St Sr Utl SL SE SPDR ETF-Usd	New	0.09%	+0.09
IBM Intl Business Machines Corp.	New	0.08%	+0.08
AMD Advanced Micro Devices	New	0.08%	+0.08
PLTR Palantir Technologies Inc. Class A	New	0.08%	+0.08
HL Hecla Mining Co.	New	0.04%	+0.04
CL Colgate-Palmolive Co.	New	0.03%	+0.03
BMBL Bumble Inc. Class A	New	0.03%	+0.03
TLRY Tilray Brands Inc.	New	0.02%	+0.02
CGGR Cap Group Growth Equity	Add +42.3%	0.29%	+0.00
IWF iShares Russell 1000 Growth	Add +41.1%	0.14%	−0.00
FAST Fastenal Co.	Add +11.5%	0.11%	−0.02
XLV SS Health Care Select Sector	Add +0.2%	0.09%	−0.04
PEP Pepsico Inc.	Add +0.2%	0.09%	−0.04
CMG Chipotle Mexican Grill Inc.	Add +9.6%	0.08%	−0.04
GE General Electric	Add +2.2%	0.18%	−0.04
XLE SS Energy Select Sector	Add +0.3%	0.08%	−0.04
IVV iShares Core S&P 500 ETF	Add +0.2%	0.14%	−0.05
V Visa Inc. Class A	Add +0.2%	0.14%	−0.06
SCHW Schwab (charles) Corp.	Add +0.3%	0.10%	−0.06
GOOGL Alphabet Inc. Class A	Add +2.6%	0.12%	−0.07
COST Costco Wholesale Corp.	Add +0.2%	0.19%	−0.08

Options Activity Q2 2024 → Q3 2024


CL Colgate-Palmolive Co.	call	New	20,700	$21K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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