Capital Management Associates, Inc
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 28, 2025), Capital Management Associates, Inc reported 104 stock positions worth $266.8 million. Its top holding was Schwab US Broad Market ETF (SCHB) at 14.5% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 9.0%) and SS SPDR S&P 500 ETF Trust-US (SPY, 8.3%). Compared with Q3 2024, it opened 7 new positions, sold out of 10, added to 47 and reduced 33. The biggest buy was a new position in Van Morst SML-Cap Gro-Usd (VBK) and the biggest sale an exit from Vanguard Total Intl Stock (VXUS).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0002008851
- Portfolio Value
- $266.8M (Q4 2024)
- SEC Filing
- 0001085146-25-000527 ↗ filed Jan 28, 2025
Holdings Value
Holdings 104 stocks · $266.8M
| SCHB Schwab US Broad Market ETF | 14.46% | 1,699,198 | $38.6M | Add +0.3% |
| VOO Vanguard S&P 500 ETF | 9.05% | 44,811 | $24.1M | Add +4.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 8.29% | 37,724 | $22.1M | Add +9.3% |
| GIS General Mills Inc. | 7.62% | 318,865 | $20.3M | Add +73.1% |
| QQQ Invesco QQQ Trust Series 1 | 7.13% | 37,215 | $19.0M | Reduce -1.1% |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 4.17% | 118,693 | $11.1M | Add +10.6% |
| SIVR Abrdn Physical Silver Shares | 3.64% | 352,618 | $9.7M | Add +3.5% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 3.57% | 22,386 | $9.5M | Add +1.8% |
| AAPL Apple Inc. | 3.34% | 35,606 | $8.9M | Reduce -0.9% |
| SGOL Abrdn Physical Gold Shares | 3.21% | 341,538 | $8.6M | Add +2.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.64% | 29,337 | $7.0M | Add +0.3% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 2.35% | 22,343 | $6.3M | New |
| MINT PIMCO Enhanced Short Maturit | 1.42% | 37,666 | $3.8M | Add +5.3% |
| MSFT Microsoft Corp. | 1.31% | 8,276 | $3.5M | Add +3.4% |
| RUNN Running Oak Efficient GR ETF | 1.24% | 101,059 | $3.3M | Add +13.5% |
| CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED | 1.22% | 104,329 | $3.3M | Add +155.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.15% | 11,667 | $3.1M | Reduce -15.3% |
| MUB iShares National Muni Bond E | 0.99% | 24,734 | $2.6M | Add +16.1% |
| AGG iShares Core U.S. Aggregate | 0.97% | 26,644 | $2.6M | Add +28.2% |
| PSA Public Storage | 0.89% | 7,918 | $2.4M | Reduce -2.8% |
| SCHZ Schwab US Aggregate Bond ETF | 0.87% | 101,897 | $2.3M | Add +7.8% |
| UNH Unitedhealth Group Inc. | 0.82% | 4,322 | $2.2M | Reduce -5.0% |
| IJH iShares Core S&P Midcap ETF | 0.76% | 32,539 | $2.0M | Reduce -10.1% |
| VNQ Vanguard Real Estate ETF | 0.67% | 20,172 | $1.8M | Add +92.5% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.67% | 50,744 | $1.8M | Add +15.2% |
| SCHX Schwab US Large-Cap ETF | 0.66% | 75,741 | $1.8M | Add +1.4% |
| AMZN Amazon.com Inc. | 0.63% | 7,691 | $1.7M | Reduce -5.5% |
| NNN NNN REIT Inc. | 0.63% | 40,861 | $1.7M | Reduce -14.6% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.56% | 5,581 | $1.5M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 3,189 | $1.4M | Reduce -1.4% |
| BSX Boston Scientific Corp. | 0.52% | 15,654 | $1.4M | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.52% | 3,371 | $1.4M | Add +141.5% |
| JNJ Johnson & Johnson | 0.49% | 9,057 | $1.3M | Add +2.5% |
| IJR iShares Core S&P Small-Cap E | 0.46% | 10,724 | $1.2M | Reduce -13.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.40% | 3,699 | $1.1M | Reduce -1.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.39% | 6,173 | $1.0M | Add +17.0% |
| GGG Graco Inc. | 0.36% | 11,535 | $972K | No change |
| GOOG Alphabet Inc. Class C | 0.36% | 5,014 | $955K | Reduce -0.1% |
| MCD McDonald's Corp. | 0.35% | 3,237 | $938K | Reduce -4.1% |
| META Meta Platforms Inc. Class A | 0.34% | 1,544 | $904K | Reduce -6.0% |
| DAL Delta Air Lines Inc. | 0.34% | 14,792 | $895K | Reduce -1.0% |
| NVDA Nvidia Corp. | 0.33% | 6,498 | $873K | Add +0.8% |
| JPM JPMorgan Chase & Co. | 0.32% | 3,567 | $855K | Add +0.1% |
| CGGR Cap Group Growth Equity | 0.31% | 22,423 | $833K | Add +10.6% |
| DE Deere & Co. | 0.30% | 1,898 | $804K | No change |
| MMM 3M Co. | 0.29% | 6,047 | $781K | Reduce -2.4% |
| GLDM SPDR Gold Minishares Trust | 0.28% | 14,275 | $742K | Add +49.0% |
| VIG Vanguard Dividend Apprec ETF | 0.27% | 3,745 | $733K | Reduce -4.8% |
| SCHD Schwab US DVD Equity ETF | 0.26% | 25,768 | $704K | Add +0.7% |
| RSPR Invesco S&P 500 Equal Weight | 0.26% | 19,375 | $682K | New |
| DRI Darden Restaurants Inc. | 0.26% | 3,645 | $680K | No change |
| CAT Caterpillar Inc. | 0.25% | 1,826 | $662K | Add +0.1% |
| MRK Merck & Co. Inc. | 0.23% | 6,200 | $617K | Reduce -1.6% |
| TGT Target Corp. | 0.23% | 4,521 | $611K | Reduce -4.0% |
| FSK FS KKR Capital Corp. | 0.21% | 25,530 | $555K | Reduce -39.0% |
| MA Mastercard Inc. Class A | 0.21% | 1,048 | $552K | No change |
| ILCB iShares Morningstar U.S. Equ | 0.20% | 6,696 | $543K | Add +4.1% |
| SCHA Schwab US Small-Cap ETF | 0.20% | 20,989 | $543K | Add +3.9% |
| VWO Vanguard Ftse Emerging Marke | 0.20% | 12,201 | $537K | Add +19.5% |
| DFAS Dimensional US Small Cap ETF | 0.19% | 7,954 | $518K | No change |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.19% | 4,520 | $511K | Reduce -4.4% |
| EFA iShares MSCI Eafe ETF | 0.19% | 6,659 | $503K | Reduce -6.2% |
| USB US Bancorp | 0.18% | 10,297 | $493K | No change |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.18% | 5,439 | $478K | Add +0.2% |
| TSLA Tesla Inc. | 0.17% | 1,128 | $456K | Add +6.1% |
| TTC Toro Co. | 0.17% | 5,681 | $455K | No change |
| COST Costco Wholesale Corp. | 0.17% | 494 | $453K | Reduce -5.5% |
| XLP SS Consumer Staples Sel Sect | 0.17% | 5,691 | $447K | Add +2.4% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.16% | 8,044 | $440K | Add +0.4% |
| WM Waste Management Inc. | 0.16% | 2,140 | $432K | Add +3.9% |
| PLTR Palantir Technologies Inc. Class A | 0.15% | 5,428 | $411K | Reduce -1.0% |
| XEL Xcel Energy Inc. | 0.15% | 5,899 | $398K | Add +0.9% |
| V Visa Inc. Class A | 0.15% | 1,248 | $395K | Add +0.1% |
| PG The Procter & Gamble Co. | 0.15% | 2,352 | $394K | New |
| GE General Electric filed as GE AEROSPACE | 0.14% | 2,311 | $385K | Reduce -0.1% |
| IWF iShares Russell 1000 Growth | 0.14% | 944 | $379K | No change |
| FTEC Fidelity MSCI Info Tech Indx | 0.14% | 2,000 | $370K | No change |
| VEA Vanguard Ftse Developed ETF | 0.14% | 7,644 | $366K | Reduce -11.3% |
| VHT Vanguard Health Care ETF | 0.13% | 1,354 | $343K | Add +4.1% |
| IVV iShares Core S&P 500 ETF | 0.13% | 577 | $340K | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 0.12% | 1,745 | $330K | Add +0.1% |
| LLY Eli Lilly & Co. | 0.12% | 414 | $320K | Reduce -0.2% |
| XLK SS Technology Select Sector | 0.12% | 1,369 | $318K | No change |
| SCHW Schwab (charles) Corp. | 0.11% | 4,062 | $301K | Add +12.5% |
| WMT Walmart Inc. | 0.11% | 3,212 | $290K | Add +9.6% |
| AMAT Applied Materials Inc. | 0.11% | 1,735 | $282K | Add +0.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.10% | 3,180 | $274K | Reduce -3.6% |
| GLD SPDR Gold Shares | 0.10% | 1,117 | $270K | Reduce -47.1% |
| FAST Fastenal Co. | 0.10% | 3,731 | $268K | Add +0.8% |
| BA The Boeing Co. | 0.10% | 1,490 | $264K | New |
| MINN Mairs & Power MN Muni Bond | 0.09% | 11,504 | $253K | New |
| WFC Wells Fargo & Co. | 0.09% | 3,568 | $251K | Reduce -12.9% |
| IVW iShares S&P 500 Growth ETF | 0.09% | 2,316 | $235K | Add +0.1% |
| BMY Bristol-Myers Squibb Co. | 0.08% | 4,000 | $226K | New |
| HD Home Depot Inc. | 0.08% | 566 | $220K | Reduce -8.4% |
| HON Honeywell International Inc. | 0.08% | 966 | $218K | Reduce -9.2% |
| ARCC Ares Capital Corp. | 0.08% | 9,964 | $218K | Reduce -33.0% |
| CMG Chipotle Mexican Grill Inc. | 0.08% | 3,561 | $215K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 940 | $207K | No change |
| LOAN Manhattan Bridge Capital Inc. | 0.07% | 32,909 | $184K | New |
| ASX Ase Technology Holding -ADR | 0.04% | 10,000 | $101K | No change |
| BMBL Bumble Inc. Class A | 0.04% | 11,527 | $94K | No change |
| HL Hecla Mining Co. | 0.03% | 15,152 | $74K | Add +0.1% |
| TLRY Tilray Brands Inc. | 0.01% | 25,380 | $34K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| VXUS Vanguard Total Intl Stock | Sold out | 0.00% | −0.43 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.1% | 7.13% | −0.37 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -15.3% | 1.15% | −0.33 |
| PSA Public Storage | Reduce -2.8% | 0.89% | −0.32 |
| NNN NNN REIT Inc. | Reduce -14.6% | 0.63% | −0.32 |
| UNH Unitedhealth Group Inc. | Reduce -5.0% | 0.82% | −0.27 |
| IJH iShares Core S&P Midcap ETF | Reduce -10.1% | 0.76% | −0.16 |
| INTC Intel Corp. | Sold out | 0.00% | −0.15 |
| FSK FS KKR Capital Corp. | Reduce -39.0% | 0.21% | −0.13 |
| IJR iShares Core S&P Small-Cap E | Reduce -13.1% | 0.46% | −0.13 |
| GLD SPDR Gold Shares | Reduce -47.1% | 0.10% | −0.11 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.09 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.09 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.09 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.09 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.08 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.08 |
| AAPL Apple Inc. | Reduce -0.9% | 3.34% | −0.08 |
| TGT Target Corp. | Reduce -4.0% | 0.23% | −0.07 |
| MCD McDonald's Corp. | Reduce -4.1% | 0.35% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.4% | 0.54% | −0.07 |
| AG First Majestic Silver Corp. | Sold out | 0.00% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -1.6% | 0.23% | −0.06 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -3.6% | 0.10% | −0.06 |
| EFA iShares MSCI Eafe ETF | Reduce -6.2% | 0.19% | −0.05 |
| MMM 3M Co. | Reduce -2.4% | 0.29% | −0.05 |
| VEA Vanguard Ftse Developed ETF | Reduce -11.3% | 0.14% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -6.0% | 0.34% | −0.05 |
| ARCC Ares Capital Corp. | Reduce -33.0% | 0.08% | −0.05 |
| VIG Vanguard Dividend Apprec ETF | Reduce -4.8% | 0.27% | −0.04 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.03 |
| GE General Electric | Reduce -0.1% | 0.14% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -0.2% | 0.12% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.0% | 0.40% | −0.03 |
| HD Home Depot Inc. | Reduce -8.4% | 0.08% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -5.5% | 0.17% | −0.02 |
| TROW T Rowe Price Group Inc. | Reduce -4.4% | 0.19% | −0.02 |
| HON Honeywell International Inc. | Reduce -9.2% | 0.08% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -12.9% | 0.09% | −0.00 |
| AMZN Amazon.com Inc. | Reduce -5.5% | 0.63% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 0.36% | +0.01 |
| DAL Delta Air Lines Inc. | Reduce -1.0% | 0.34% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -1.0% | 0.15% | +0.07 |
Portfolio Buys Q3 2024 → Q4 2024
| VBK Van Morst SML-Cap Gro-Usd Inc. | New | 2.35% | +2.35 |
| GIS General Mills Inc. | Add +73.1% | 7.62% | +2.06 |
| CGBL Cap Group Core Balanced | Add +155.6% | 1.22% | +0.70 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +141.5% | 0.52% | +0.30 |
| RSPR Invesco S&P 500 Equal Weight | New | 0.26% | +0.26 |
| VNQ Vanguard Real Estate ETF | Add +92.5% | 0.67% | +0.25 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +9.3% | 8.29% | +0.19 |
| PG The Procter & Gamble Co. | New | 0.15% | +0.15 |
| AGG iShares Core U.S. Aggregate | Add +28.2% | 0.97% | +0.11 |
| BA The Boeing Co. | New | 0.10% | +0.10 |
| MINN Mairs & Power MN Muni Bond | New | 0.09% | +0.09 |
| BMY Bristol-Myers Squibb Co. | New | 0.08% | +0.08 |
| GLDM SPDR Gold Minishares Trust | Add +49.0% | 0.28% | +0.07 |
| LOAN Manhattan Bridge Capital Inc. | New | 0.07% | +0.07 |
| TSLA Tesla Inc. | Add +6.1% | 0.17% | +0.06 |
| CGUS Cap Group Core Equity | Add +15.2% | 0.67% | +0.05 |
| MUB iShares National Muni Bond E | Add +16.1% | 0.99% | +0.04 |
| RUNN Running Oak Efficient GR ETF | Add +13.5% | 1.24% | +0.03 |
| CGGR Cap Group Growth Equity | Add +10.6% | 0.31% | +0.02 |
| SCHW Schwab (charles) Corp. | Add +12.5% | 0.11% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +17.0% | 0.39% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +0.1% | 0.32% | +0.01 |
| WMT Walmart Inc. | Add +9.6% | 0.11% | +0.01 |
| V Visa Inc. Class A | Add +0.1% | 0.15% | +0.01 |
| NVDA Nvidia Corp. | Add +0.8% | 0.33% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 0.12% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +19.5% | 0.20% | +0.00 |
| IVW iShares S&P 500 Growth ETF | Add +0.1% | 0.09% | −0.00 |
| ILCB iShares Morningstar U.S. Equ | Add +4.1% | 0.20% | −0.00 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +0.2% | 0.18% | −0.00 |
| XEL Xcel Energy Inc. | Add +0.9% | 0.15% | −0.01 |
| FAST Fastenal Co. | Add +0.8% | 0.10% | −0.01 |
| IVV iShares Core S&P 500 ETF | Add +0.2% | 0.13% | −0.01 |
| SCHA Schwab US Small-Cap ETF | Add +3.9% | 0.20% | −0.01 |
| WM Waste Management Inc. | Add +3.9% | 0.16% | −0.01 |
| HL Hecla Mining Co. | Add +0.1% | 0.03% | −0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +0.4% | 0.16% | −0.01 |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | Add +10.6% | 4.17% | −0.02 |
| XLP SS Consumer Staples Sel Sect | Add +2.4% | 0.17% | −0.02 |
| VHT Vanguard Health Care ETF | Add +4.1% | 0.13% | −0.02 |
| SCHD Schwab US DVD Equity ETF | Add +0.7% | 0.26% | −0.03 |
| SCHX Schwab US Large-Cap ETF | Add +1.4% | 0.66% | −0.03 |
| AMAT Applied Materials Inc. | Add +0.2% | 0.11% | −0.04 |
| CAT Caterpillar Inc. | Add +0.1% | 0.25% | −0.04 |
| SCHZ Schwab US Aggregate Bond ETF | Add +7.8% | 0.87% | −0.05 |
| MINT PIMCO Enhanced Short Maturit | Add +5.3% | 1.42% | −0.06 |
| JNJ Johnson & Johnson | Add +2.5% | 0.49% | −0.09 |
| MSFT Microsoft Corp. | Add +3.4% | 1.31% | −0.10 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.3% | 2.64% | −0.19 |
| VOO Vanguard S&P 500 ETF | Add +4.5% | 9.05% | −0.19 |
Options Activity Q3 2024 → Q4 2024
| CL Colgate-Palmolive Co. | call | Sold out | 20,700 | $21Kbefore exit |
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 |