Capital Management Associates, Inc

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

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $135.7M Q1 2024 Q2 2024: $165.2M Q2 2024 Q3 2024: $244.8M $244.8M Q3 2024 Q4 2024: $266.8M Q4 2024 Q1 2025: $441.6M Q1 2025 Q2 2025: $315.7M Q2 2025 Q3 2025: $370.0M Q3 2025 Q4 2025: $452.3M Q4 2025 Q1 2026: $442.3M Q1 2026 Q2 2026: $497.5M Q2 2026

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
XLE SS Energy Select Sector 0.08% 2,285 $201K Add +0.3%
AG First Majestic Silver Corp. 0.06% 26,000 $156K No change
HL Hecla Mining Co. 0.04% 15,143 $101K New
ASX Ase Technology Holding -ADR 0.04% 10,000 $98K No change
CL Colgate-Palmolive Co. 0.03% 821 $85K New
BMBL Bumble Inc. Class A 0.03% 11,527 $74K New
TLRY Tilray Brands Inc. 0.02% 25,380 $45K New

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 153$497.5MSPY, SCHB, VOO, QQQ, AAPL
Q1 2026 151$442.3MSPY, SCHB, VOO, QQQ, SIVR
Q4 2025 156$452.3MSPY, SCHB, VOO, QQQ, SIVR
Q3 2025 140$370.0MSCHB, SPY, VOO, GIS, QQQ
Q2 2025 115$315.7MSCHB, VOO, SPY, GIS, QQQ
Q1 2025 129$441.6MSCHB, SPY, VOO, QQQ, HYS
Q4 2024 104$266.8MSCHB, VOO, SPY, GIS, QQQ
Q3 2024 107$244.8MSCHB, VOO, SPY, QQQ, GIS
Q2 2024 77$165.2MSPY, VOO, QQQ, SIVR, HYS
Q1 2024 78$135.7MVOO, QQQ, DIA, GIS, HYS