Capital Management Associates, Inc

Name: Capital Management Associates, Inc 13F holdings, Q1 2025
Creator: Capital Management Associates, Inc
Published: 2025-04-30

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

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Capital Management Associates, Inc reported 129 stock positions worth $441.6 million. Its top holding was Schwab US Broad Market ETF (SCHB) at 17.2% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 10.2%) and Vanguard S&P 500 ETF (VOO, 8.8%). Compared with Q4 2024, it opened 36 new positions, sold out of 11, added to 87 and reduced 6. The biggest buy was Schwab US Broad Market ETF (SCHB, shares +108%) and the biggest sale an exit from General Mills (GIS).

Most Recent 13F: Q2 2026
Location: MINNEAPOLIS, MN
CIK: 0002008851
Portfolio Value: $441.6M (Q1 2025)
SEC Filing: 0001085146-25-002468 ↗ filed Apr 30, 2025

Holdings Value

Holdings 129 stocks · $441.6M


SCHB Schwab US Broad Market ETF	17.20%	3,527,282	$75.9M	Add +107.6%
SPY SS SPDR S&P 500 ETF Trust-US	10.24%	80,864	$45.2M	Add +114.4%
VOO Vanguard S&P 500 ETF	8.77%	75,321	$38.7M	Add +68.1%
QQQ Invesco QQQ Trust Series 1	7.75%	72,966	$34.2M	Add +96.1%
HYS PIMCO 0-5 Year H/Y Corp. Bond	5.47%	258,042	$24.2M	Add +117.4%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	4.66%	48,968	$20.6M	Add +118.7%
AAPL Apple Inc.	3.05%	60,545	$13.4M	Add +70.0%
VB Vanguard Most SM-Cap ETF-Usd	2.88%	57,398	$12.7M	Add +95.7%
SIVR Abrdn Physical Silver Shares	2.59%	351,895	$11.4M	Reduce -0.2%
SGOL Abrdn Physical Gold Shares	2.32%	343,920	$10.3M	Add +0.7%
CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED	2.19%	312,794	$9.7M	Add +199.8%
MINT PIMCO Enhanced Short Maturit	1.90%	83,330	$8.4M	Add +121.2%
MUB iShares National Muni Bond E	1.67%	69,814	$7.4M	Add +182.3%
RUNN Running Oak Efficient GR ETF	1.54%	209,654	$6.8M	Add +107.5%
AGG iShares Core U.S. Aggregate	1.34%	59,828	$5.9M	Add +124.5%
VBK Van Morst SML-Cap Gro-Usd Inc.	1.32%	23,164	$5.8M	Add +3.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd	1.00%	17,071	$4.4M	Add +46.3%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET	0.89%	118,308	$4.0M	Add +133.2%
VNQ Vanguard Real Estate ETF	0.89%	43,589	$3.9M	Add +116.1%
BRK.B Berkshire Hathaway Inc. Class B	0.78%	6,458	$3.4M	Add +102.5%
SCHX Schwab US Large-Cap ETF	0.76%	151,682	$3.3M	Add +100.3%
MSFT Microsoft Corp.	0.72%	8,448	$3.2M	Add +2.1%
BSX Boston Scientific Corp.	0.72%	31,308	$3.2M	Add +100.0%
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.65%	11,162	$2.9M	Add +100.0%
IJH iShares Core S&P Midcap ETF	0.63%	47,902	$2.8M	Add +47.2%
SCHZ Schwab US Aggregate Bond ETF	0.59%	111,814	$2.6M	Add +9.7%
AMZN Amazon.com Inc.	0.53%	12,216	$2.3M	Add +58.8%
VTV Vanguard Mrngstr Val ETF-Aui	0.50%	12,886	$2.2M	Add +108.8%
RSPR Invesco S&P 500 Equal Weight	0.48%	59,950	$2.1M	Add +209.4%
VTI VG Morningstar TS MKT ETF-US	0.45%	7,206	$2.0M	Add +94.8%
GGG Graco Inc.	0.43%	22,802	$1.9M	Add +97.7%
CGGR Cap Group Growth Equity	0.43%	54,860	$1.9M	Add +144.7%
GLDM SPDR Gold Minishares Trust	0.41%	29,450	$1.8M	Add +106.3%
DE Deere & Co.	0.40%	3,798	$1.8M	Add +100.1%
PSA Public Storage	0.40%	5,918	$1.8M	Reduce -25.3%
META Meta Platforms Inc. Class A	0.40%	3,068	$1.8M	Add +98.7%
IJR iShares Core S&P Small-Cap E	0.40%	16,824	$1.8M	Add +56.9%
NNN NNN REIT Inc.	0.40%	40,970	$1.7M	Add +0.3%
SPMD SS SPDR P S&P 400 Midcap ETF	0.39%	33,754	$1.7M	Add +319.6%
MCD McDonald's Corp.	0.39%	5,460	$1.7M	Add +68.7%
VIG Vanguard Dividend Apprec ETF	0.37%	8,314	$1.6M	Add +122.0%
GOOG Alphabet Inc. Class C	0.35%	9,760	$1.5M	Add +94.7%
SCHD Schwab US DVD Equity ETF	0.33%	51,964	$1.5M	Add +101.7%
NVDA Nvidia Corp.	0.32%	12,912	$1.4M	Add +98.7%
JNJ Johnson & Johnson	0.31%	8,368	$1.4M	Reduce -7.6%
VUG Vanguard Mrngstar GR ETF-Sui	0.31%	3,718	$1.4M	Add +10.3%
SPYG SS SPDR P S&P 500 Growth ETF	0.28%	15,514	$1.2M	Add +185.2%
CAT Caterpillar Inc.	0.27%	3,674	$1.2M	Add +101.2%
MA Mastercard Inc. Class A	0.25%	2,038	$1.1M	Add +94.5%
ILCB iShares Morningstar U.S. Equ	0.25%	14,406	$1.1M	Add +115.1%
VEA Vanguard Ftse Developed ETF	0.23%	19,908	$1.0M	Add +160.4%
XLP SS Consumer Staples Sel Sect	0.23%	12,350	$1.0M	Add +117.0%
WM Waste Management Inc.	0.23%	4,294	$994K	Add +100.7%
SCHA Schwab US Small-Cap ETF	0.22%	42,078	$986K	Add +100.5%
JPM JPMorgan Chase & Co.	0.22%	3,946	$968K	Add +10.6%
MMM 3M Co.	0.22%	6,592	$968K	Add +9.0%
XEL Xcel Energy Inc.	0.22%	13,602	$963K	Add +130.6%
DFAS Dimensional US Small Cap ETF	0.22%	15,908	$951K	Add +100.0%
PLTR Palantir Technologies Inc. Class A	0.20%	10,424	$880K	Add +92.0%
USB US Bancorp	0.20%	20,594	$869K	Add +100.0%
DAL Delta Air Lines Inc.	0.20%	19,868	$866K	Add +34.3%
V Visa Inc. Class A	0.19%	2,418	$847K	Add +93.8%
TTC Toro Co.	0.19%	11,362	$827K	Add +100.0%
COST Costco Wholesale Corp.	0.19%	869	$823K	Add +75.9%
GE General Electric filed as GE AEROSPACE	0.18%	3,902	$781K	Add +68.8%
LLY Eli Lilly & Co.	0.16%	830	$685K	Add +100.5%
IVV iShares Core S&P 500 ETF	0.15%	1,216	$683K	Add +110.8%
IWF iShares Russell 1000 Growth	0.15%	1,888	$682K	Add +100.0%
VHT Vanguard Health Care ETF	0.15%	2,560	$678K	Add +89.1%
VWO Vanguard Ftse Emerging Marke	0.15%	14,312	$648K	Add +17.3%
FTEC Fidelity MSCI Info Tech Indx	0.15%	4,000	$645K	Add +100.0%
GLD SPDR Gold Shares	0.15%	2,234	$644K	Add +100.0%
SCHW Schwab (charles) Corp.	0.14%	8,150	$638K	Add +100.6%
EFA iShares MSCI Eafe ETF	0.14%	7,728	$632K	Add +16.1%
XLK SS Technology Select Sector	0.13%	2,738	$565K	Add +100.0%
FAST Fastenal Co.	0.13%	7,228	$561K	Add +93.7%
WMT Walmart Inc.	0.12%	6,143	$539K	Add +91.3%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.12%	6,440	$508K	New
AMAT Applied Materials Inc.	0.11%	3,480	$505K	Add +100.6%
MINN Mairs & Power MN Muni Bond	0.11%	23,008	$505K	Add +100.0%
T AT&T Inc.	0.11%	17,618	$498K	New
GOOGL Alphabet Inc. Class A	0.11%	3,119	$482K	Add +78.7%
FSK FS KKR Capital Corp.	0.11%	22,913	$480K	Reduce -10.3%
IVW iShares S&P 500 Growth ETF	0.10%	4,638	$431K	Add +100.3%
VZ Verizon Communications Inc.	0.09%	9,062	$411K	New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.09%	1,140	$394K	New
PEP Pepsico Inc.	0.09%	2,618	$393K	New
XLV SS Health Care Select Sector	0.09%	2,648	$387K	New
XLE SS Energy Select Sector	0.09%	4,111	$384K	New
HD Home Depot Inc.	0.09%	1,042	$382K	Add +84.1%
TRP TC Energy Corp.	0.09%	8,000	$378K	New
HON Honeywell International Inc.	0.09%	1,772	$375K	Add +83.4%
NEE Nextera Energy Inc.	0.08%	5,274	$374K	New
CMG Chipotle Mexican Grill Inc.	0.08%	7,362	$370K	Add +106.7%
MTB M & T Bank Corp. filed as M & T BK CORP	0.08%	2,038	$364K	New
GEV GE Vernova Inc.	0.08%	1,150	$351K	New
XOM Exxon Mobil Corp.	0.08%	2,898	$345K	New
EMR Emerson Electric Co.	0.08%	3,072	$337K	New
ABBV Abbvie Inc.	0.07%	1,540	$323K	New
RSG Republic Services Inc.	0.07%	1,298	$314K	New
TSLA Tesla Inc.	0.07%	1,166	$302K	Add +3.4%
ECL Ecolab Inc.	0.07%	1,188	$301K	New
XLC SS Comm Select Sector SPDR	0.07%	3,044	$294K	New
PG The Procter & Gamble Co.	0.06%	1,639	$279K	Reduce -30.3%
ARCC Ares Capital Corp.	0.06%	12,454	$276K	Add +25.0%
ED Consolidated Edison Inc.	0.06%	2,456	$272K	New
VOOG Vanguard S&P 500 Growth ETF	0.06%	804	$269K	New
WFC Wells Fargo & Co.	0.06%	3,704	$266K	Add +3.8%
AMD Advanced Micro Devices	0.06%	2,502	$257K	New
AXON Axon Enterprise Inc.	0.06%	474	$249K	New
ENB Enbridge Inc.	0.06%	5,490	$243K	New
IWD iShares Russell 1000 Value E	0.05%	1,288	$242K	New
AFL Aflac Inc.	0.05%	2,148	$239K	New
VEU Vanguard Ftse All-World Ex-U	0.05%	3,846	$233K	New
DUK Duke Energy Corp.	0.05%	1,892	$231K	New
TGT Target Corp.	0.05%	2,184	$228K	Reduce -51.7%
EMQQ Emg MKT Internet ETF-USA Inc. filed as EXCHANGE TRADED CONCEPTS TRU	0.05%	5,776	$220K	New
OKE Oneok Inc.	0.05%	2,220	$220K	New
IWB iShares Russell 1000 ETF	0.05%	716	$220K	New
GKOS Glaukos Corp.	0.05%	2,204	$217K	New
XLY SS Consumer Disc Select Sect	0.05%	1,092	$216K	New
FDN First Trust DJ Internet Ind	0.05%	946	$210K	New
MRSH Marsh & McLennan Cos	0.05%	840	$205K	New
CVX Chevron Corp.	0.05%	1,222	$204K	New
CL Colgate-Palmolive Co.	0.05%	2,166	$203K	New
ASX Ase Technology Holding -ADR	0.04%	19,940	$175K	Add +99.4%
HL Hecla Mining Co.	0.04%	30,009	$167K	Add +98.0%
XNEAX Nuveen Amt-FR QLTY Muni Inc.	0.03%	12,802	$143K	New
TLRY Tilray Brands Inc.	0.01%	50,760	$33K	Add +100.0%

Portfolio Sells Q4 2024 → Q1 2025


GIS General Mills Inc.	Sold out	0.00%	−7.62
SIVR Abrdn Physical Silver Shares	Reduce -0.2%	2.59%	−1.05
UNH Unitedhealth Group Inc.	Sold out	0.00%	−0.82
PSA Public Storage	Reduce -25.3%	0.40%	−0.49
DRI Darden Restaurants Inc.	Sold out	0.00%	−0.26
MRK Merck & Co. Inc.	Sold out	0.00%	−0.23
TROW T Rowe Price Group Inc.	Sold out	0.00%	−0.19
TGT Target Corp.	Reduce -51.7%	0.05%	−0.18
JNJ Johnson & Johnson	Reduce -7.6%	0.31%	−0.18
NVO Novo-Nordisk A/S-Spons ADR	Sold out	0.00%	−0.10
FSK FS KKR Capital Corp.	Reduce -10.3%	0.11%	−0.10
BA The Boeing Co.	Sold out	0.00%	−0.10
BMY Bristol-Myers Squibb Co.	Sold out	0.00%	−0.08
PG The Procter & Gamble Co.	Reduce -30.3%	0.06%	−0.08
IBM Intl Business Machines Corp.	Sold out	0.00%	−0.08
LOAN Manhattan Bridge Capital Inc.	Sold out	0.00%	−0.07
BMBL Bumble Inc. Class A	Sold out	0.00%	−0.04

Portfolio Buys Q4 2024 → Q1 2025


SCHB Schwab US Broad Market ETF	Add +107.6%	17.20%	+2.74
SPY SS SPDR S&P 500 ETF Trust-US	Add +114.4%	10.24%	+1.96
HYS PIMCO 0-5 Year H/Y Corp. Bond	Add +117.4%	5.47%	+1.31
DIA SS SPDR Dow Jones Indus Avg	Add +118.7%	4.66%	+1.09
CGBL Cap Group Core Balanced	Add +199.8%	2.19%	+0.97
MUB iShares National Muni Bond E	Add +182.3%	1.67%	+0.68
QQQ Invesco QQQ Trust Series 1	Add +96.1%	7.75%	+0.62
MINT PIMCO Enhanced Short Maturit	Add +121.2%	1.90%	+0.48
AGG iShares Core U.S. Aggregate	Add +124.5%	1.34%	+0.37
RUNN Running Oak Efficient GR ETF	Add +107.5%	1.54%	+0.30
VB Vanguard Most SM-Cap ETF-Usd	Add +95.7%	2.88%	+0.24
BRK.B Berkshire Hathaway Inc. Class B	Add +102.5%	0.78%	+0.24
CGUS Cap Group Core Equity	Add +133.2%	0.89%	+0.23
RSPR Invesco S&P 500 Equal Weight	Add +209.4%	0.48%	+0.23
SPMD SS SPDR P S&P 400 Midcap ETF	Add +319.6%	0.39%	+0.23
VNQ Vanguard Real Estate ETF	Add +116.1%	0.89%	+0.22
BSX Boston Scientific Corp.	Add +100.0%	0.72%	+0.19
GLDM SPDR Gold Minishares Trust	Add +106.3%	0.41%	+0.13
XLU St Sr Utl SL SE SPDR ETF-Usd	New	0.12%	+0.12
CGGR Cap Group Growth Equity	Add +144.7%	0.43%	+0.11
T AT&T Inc.	New	0.11%	+0.11
VTV Vanguard Mrngstr Val ETF-Aui	Add +108.8%	0.50%	+0.11
SPYG SS SPDR P S&P 500 Growth ETF	Add +185.2%	0.28%	+0.10
DE Deere & Co.	Add +100.1%	0.40%	+0.10
SCHX Schwab US Large-Cap ETF	Add +100.3%	0.76%	+0.10
VZ Verizon Communications Inc.	New	0.09%	+0.09
VEA Vanguard Ftse Developed ETF	Add +160.4%	0.23%	+0.09
VIG Vanguard Dividend Apprec ETF	Add +122.0%	0.37%	+0.09
AJG Arthur J Gallagher & Co.	New	0.09%	+0.09
PEP Pepsico Inc.	New	0.09%	+0.09
XLV SS Health Care Select Sector	New	0.09%	+0.09
XLE SS Energy Select Sector	New	0.09%	+0.09
VV Vngrd Mrgstr LRG-Cap ETF-Usd	Add +100.0%	0.65%	+0.09
TRP TC Energy Corp.	New	0.09%	+0.09
NEE Nextera Energy Inc.	New	0.08%	+0.08
MTB M & T Bank Corp.	New	0.08%	+0.08
GEV GE Vernova Inc.	New	0.08%	+0.08
XOM Exxon Mobil Corp.	New	0.08%	+0.08
EMR Emerson Electric Co.	New	0.08%	+0.08
ABBV Abbvie Inc.	New	0.07%	+0.07
RSG Republic Services Inc.	New	0.07%	+0.07
XEL Xcel Energy Inc.	Add +130.6%	0.22%	+0.07
ECL Ecolab Inc.	New	0.07%	+0.07
GGG Graco Inc.	Add +97.7%	0.43%	+0.07
XLC SS Comm Select Sector SPDR	New	0.07%	+0.07
SCHD Schwab US DVD Equity ETF	Add +101.7%	0.33%	+0.07
WM Waste Management Inc.	Add +100.7%	0.23%	+0.06
ED Consolidated Edison Inc.	New	0.06%	+0.06
META Meta Platforms Inc. Class A	Add +98.7%	0.40%	+0.06
VOOG Vanguard S&P 500 Growth ETF	New	0.06%	+0.06

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