Capital Management Associates, Inc

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 22, 2026), Capital Management Associates, Inc reported 153 stock positions worth $497.5 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 15.5% of the portfolio, followed by Schwab US Broad Market ETF (SCHB, 10.4%) and Vanguard S&P 500 ETF (VOO, 9.7%). Compared with Q1 2026, it opened 16 new positions, sold out of 14, added to 71 and reduced 40. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +4%) and the biggest sale Abrdn Physical Silver Shares (SIVR, shares −18%).

Most Recent 13F
Q2 2026
Location
MINNEAPOLIS, MN
CIK
0002008851
Portfolio Value
$497.5M (Q2 2026)
SEC Filing
0002008851-26-000004 ↗ filed Jul 22, 2026

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 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 $497.5M Q2 2026

Holdings 153 stocks · $497.5M
SPY SS SPDR S&P 500 ETF Trust-US 15.47% 103,045 $77.0M Reduce -0.6%
SCHB Schwab US Broad Market ETF 10.42% 1,789,502 $51.8M Add +0.2%
VOO Vanguard S&P 500 ETF 9.72% 70,396 $48.3M Add +3.8%
QQQ Invesco QQQ Trust Series 1 5.84% 39,468 $29.1M Reduce -0.5%
AAPL Apple Inc. 3.26% 55,983 $16.2M Add +2.3%
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 3.07% 29,261 $15.3M Add +0.9%
HYS PIMCO 0-5 Year H/Y Corp. Bond 2.95% 156,854 $14.7M Reduce -3.2%
VB Vanguard Most SM-Cap ETF-Usd 2.61% 42,847 $13.0M Add +2.3%
SIVR Abrdn Physical Silver Shares 2.54% 224,604 $12.6M Reduce -17.7%
CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED 2.44% 320,084 $12.2M Add +6.9%
VBK Van Morst SML-Cap Gro-Usd Inc. 2.10% 28,535 $10.4M Reduce -9.2%
VUG Vanguard Mrngstar GR ETF-Sui 1.87% 108,116 $9.3M Add +9.5%
SGOL Abrdn Physical Gold Shares 1.76% 228,670 $8.7M Reduce -12.9%
CAT Caterpillar Inc. 1.56% 7,312 $7.8M Add +1.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.30% 80,127 $6.5M Add +1.3%
XEL Xcel Energy Inc. 1.07% 66,325 $5.3M Add +3.6%
MINT PIMCO Enhanced Short Maturit 1.06% 52,501 $5.3M Add +2.1%
AGG iShares Core U.S. Aggregate 1.04% 52,527 $5.2M Add +0.3%
MSFT Microsoft Corp. 0.98% 13,123 $4.9M Add +27.2%
BRK.B Berkshire Hathaway Inc. Class B 0.97% 9,608 $4.8M Reduce -1.2%
VGT Vanguard Info Tech ETF 0.93% 38,870 $4.6M Add +31.9%
GIS General Mills Inc. 0.86% 123,249 $4.3M Reduce -5.6%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.79% 88,225 $3.9M Reduce -5.8%
RUNN Running Oak Efficient GR ETF 0.76% 116,288 $3.8M Add +1.7%
JNJ Johnson & Johnson 0.65% 12,672 $3.2M Add +14.0%
ORCL Oracle Corp. 0.60% 20,415 $3.0M Add +0.7%
DE Deere & Co. 0.60% 4,685 $3.0M No change
PSA Public Storage 0.59% 9,146 $2.9M Add +13.0%
AMZN Amazon.com Inc. 0.57% 11,887 $2.8M Add +14.9%
KLAC KLA Corp. 0.56% 9,300 $2.8M Add +86.0%
UNH Unitedhealth Group Inc. 0.56% 6,738 $2.8M Reduce -0.3%
MUB iShares National Muni Bond E 0.56% 25,834 $2.8M Add +1.0%
VIS Vanguard Industrials ETF 0.52% 7,214 $2.6M Add +9.8%
VHT Vanguard Health Care ETF 0.50% 8,337 $2.5M Add +6.4%
VCR Vanguard Consumer Discre ETF 0.50% 6,254 $2.5M Add +10.1%
VNQ Vanguard Real Estate ETF 0.49% 25,257 $2.4M No change
GOOGL Alphabet Inc. Class A 0.47% 6,495 $2.3M Add +20.1%
META Meta Platforms Inc. Class A 0.44% 3,912 $2.2M Add +12.5%
IJH iShares Core S&P Midcap ETF 0.44% 28,275 $2.2M Reduce -0.1%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.43% 43,522 $2.1M Add +5.4%
MMM 3M Co. 0.43% 13,244 $2.1M Add +2.3%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.39% 5,581 $1.9M No change
MRK Merck & Co. Inc. 0.38% 14,854 $1.9M Add +0.5%
IVV iShares Core S&P 500 ETF 0.36% 2,374 $1.8M Reduce -0.5%
SCHX Schwab US Large-Cap ETF 0.36% 60,180 $1.8M Add +0.1%
AMAT Applied Materials Inc. 0.34% 2,369 $1.7M Add +3.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.34% 7,654 $1.7M Reduce -0.1%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.34% 5,443 $1.7M Add +10.2%
VFH Vanguard Financials ETF 0.33% 12,329 $1.6M Add +11.9%
EMR Emerson Electric Co. 0.33% 11,297 $1.6M Add +0.0%
ECL Ecolab Inc. 0.31% 5,554 $1.5M Add +0.0%
DGX Quest Diagnostics Inc. 0.31% 7,300 $1.5M Add +23.7%
NVDA Nvidia Corp. 0.31% 7,659 $1.5M Reduce -19.0%
VTI VG Morningstar TS MKT ETF-US 0.30% 4,052 $1.5M Add +0.6%
DRI Darden Restaurants Inc. 0.29% 7,058 $1.5M Reduce -0.2%
GOOG Alphabet Inc. Class C 0.29% 4,037 $1.4M Add +6.2%
SCHZ Schwab US Aggregate Bond ETF 0.28% 59,891 $1.4M Add +1.0%
IJR iShares Core S&P Small-Cap E 0.27% 9,141 $1.4M Add +9.3%
CGGR Cap Group Growth Equity 0.27% 28,089 $1.3M Reduce -7.6%
RSPR Invesco S&P 500 Equal Weight 0.27% 36,125 $1.3M No change
SPYG SS SPDR P S&P 500 Growth ETF 0.24% 10,233 $1.2M Add +7.9%
SPMD SS SPDR P S&P 400 Midcap ETF 0.23% 17,194 $1.2M Add +0.5%
VEA Vanguard Ftse Developed ETF 0.23% 16,112 $1.1M Reduce -20.3%
GLDM SPDR Gold Minishares Trust 0.22% 13,877 $1.1M Reduce -4.5%
JPM JPMorgan Chase & Co. 0.22% 3,325 $1.1M Add +1.9%
VIG Vanguard Dividend Apprec ETF 0.20% 4,140 $980K Reduce -1.2%
CGCB Cap Group Core Bond 0.19% 36,252 $949K Add +1.0%
KMB Kimberly-Clark Corp. 0.18% 8,233 $904K Add +17.6%
ILCB iShares Morningstar U.S. Equ 0.17% 8,387 $869K Reduce -4.9%
WDC Western Digital Corp. 0.17% 1,351 $863K New
GGG Graco Inc. 0.17% 11,298 $854K No change
MCD McDonald's Corp. 0.17% 3,085 $834K Reduce -1.1%
TSM Taiwan Semiconductor-SP ADR 0.17% 1,743 $832K Add +3.4%
XLP SS Consumer Staples Sel Sect 0.16% 9,645 $801K Reduce -1.4%
SPTS SS SPDR P St Term TSY ETF 0.16% 26,880 $780K No change
VWO Vanguard Ftse Emerging Marke 0.15% 12,914 $771K Reduce -3.4%
SCHD Schwab US DVD Equity ETF 0.15% 23,138 $734K Reduce -4.8%
GE General Electric filed as GE AEROSPACE 0.15% 1,947 $728K Reduce -0.3%
SHV iShares 0-1 Year Treasury Bo 0.14% 6,490 $716K Reduce -0.1%
PLTR Palantir Technologies Inc. Class A 0.14% 6,125 $715K Reduce -0.1%
USB US Bancorp 0.14% 11,662 $704K No change
WMT Walmart Inc. 0.14% 6,210 $703K Add +21.2%
CSCO Cisco Systems Inc. 0.14% 5,976 $702K Add +6.9%
BOND PIMCO Active Bond Exchange-T 0.14% 7,444 $686K New
SCHA Schwab US Small-Cap ETF 0.14% 18,924 $684K Add +0.2%
CGMU Cap Group Municipal Income 0.14% 24,611 $676K Add +0.8%
BSX Boston Scientific Corp. 0.13% 15,654 $668K No change
FTEC Fidelity MSCI Info Tech Indx 0.13% 2,260 $645K No change
GEV GE Vernova Inc. 0.13% 546 $641K No change
TGT Target Corp. 0.13% 4,786 $625K Add +1.0%
PG The Procter & Gamble Co. 0.12% 4,142 $607K Add +19.1%
PANW Palo Alto Networks Inc. 0.12% 1,700 $580K Add +8.3%
KO The Coca-Cola Co. 0.12% 7,076 $575K Add +98.0%
DFAS Dimensional US Small Cap ETF 0.12% 6,947 $572K No change
NNN NNN REIT Inc. 0.11% 12,239 $569K Reduce -48.7%
DAL Delta Air Lines Inc. 0.11% 6,058 $567K Reduce -5.8%
TTC Toro Co. 0.11% 5,681 $553K No change
TSLA Tesla Inc. 0.11% 1,296 $545K Add +49.3%
LLY Eli Lilly & Co. 0.11% 454 $545K Add +8.6%
MA Mastercard Inc. Class A 0.10% 1,017 $522K Reduce -0.6%
XLK SS Technology Select Sector 0.10% 2,738 $522K No change
DUK Duke Energy Corp. 0.10% 4,087 $517K Reduce -1.4%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.10% 11,329 $514K Add +0.4%
WM Waste Management Inc. 0.10% 2,251 $502K Add +5.0%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.10% 4,207 $478K Add +0.1%
IWF iShares Russell 1000 Growth 0.09% 3,776 $469K No change
INTC Intel Corp. 0.09% 3,353 $468K New
ESGD iShares Trust iShares ESG Aw 0.09% 4,500 $463K No change
FAST Fastenal Co. 0.09% 9,406 $452K Add +0.0%
NUSC Nuveen ESG Small-Cap ETF 0.09% 8,338 $435K Reduce -0.6%
ASX Ase Technology Holding -ADR 0.09% 9,586 $433K Reduce -0.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.09% 1,524 $429K Add +2.5%
AMGN Amgen Inc. 0.08% 1,159 $420K Add +35.4%
SCHW Schwab (charles) Corp. 0.08% 4,309 $398K Add +13.1%
GLD SPDR Gold Shares 0.08% 1,075 $396K Reduce -0.1%
MDT Medtronic PLC 0.08% 5,024 $393K Reduce -9.3%
COST Costco Wholesale Corp. 0.08% 400 $374K Add +3.4%
NOW ServiceNow Inc. 0.07% 3,707 $368K New
TRV The Travelers Cos Inc. 0.07% 1,114 $368K New
XLV SS Health Care Select Sector 0.07% 2,276 $361K Add +0.3%
EFA iShares MSCI Eafe ETF 0.07% 3,464 $360K Reduce -26.1%
NBIS Nebius Group NV 0.07% 1,300 $359K New
VGK Vanguard Ftse Europe ETF 0.07% 4,000 $354K No change
V Visa Inc. Class A 0.07% 999 $343K Add +0.7%
WFC Wells Fargo & Co. 0.07% 4,095 $338K Reduce -2.3%
CLX Clorox Company 0.07% 3,527 $337K New
JBL Jabil Inc. 0.07% 870 $335K No change
MU Micron Technology Inc. 0.07% 289 $333K New
CVX Chevron Corp. 0.07% 2,008 $333K Reduce -8.9%
IVW iShares S&P 500 Growth ETF 0.06% 2,331 $321K Add +0.1%
VOOG Vanguard S&P 500 Growth ETF 0.06% 3,699 $306K New
NEE Nextera Energy Inc. 0.06% 3,390 $298K Add +2.9%
VYM Vanguard High DVD Yield ETF 0.06% 1,825 $288K No change
IVE iShares S&P 500 Value ETF 0.05% 1,195 $271K New
VZ Verizon Communications Inc. 0.05% 6,401 $271K Add +1.2%
SLV iShares Silver Trust 0.05% 5,062 $271K No change
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.05% 1,606 $263K No change
XAR SS SPDR S&P Aerospace Def 0.05% 900 $255K No change
SPCX Space Exploration Techn Class A 0.05% 1,445 $247K New
MTB M & T Bank Corp. filed as M & T BK CORP 0.05% 1,019 $243K No change
VEU Vanguard Ftse All-World Ex-U 0.05% 2,795 $234K No change
TCAF T Rowe PRC Cap Appreciation 0.05% 5,688 $234K No change
HL Hecla Mining Co. 0.05% 14,973 $231K Reduce -1.4%
O Realty Income Corp. 0.05% 3,711 $230K Add +0.2%
ENB Enbridge Inc. 0.05% 4,235 $230K No change
SPYV SS SPDR P S&P 500 Value ETF 0.05% 3,739 $227K New
BMY Bristol-Myers Squibb Co. 0.04% 3,803 $219K No change
ABBV Abbvie Inc. 0.04% 853 $215K New
VCIT Vanguard Int-Term Corporate 0.04% 2,592 $214K Reduce -27.4%
FTLS First Trust Long/Short Eqty 0.04% 2,840 $210K New
SOLV Solventum Corp. 0.04% 2,713 $209K New
LHX L3HARRIS Technologies Inc. 0.04% 700 $203K Add +17.9%
QCOM Qualcomm Inc. 0.04% 1,087 $201K New

Portfolio Sells Q1 2026 → Q2 2026
SIVR Abrdn Physical Silver Shares Reduce -17.7% 2.54% −1.88
SGOL Abrdn Physical Gold Shares Reduce -12.9% 1.76% −0.89
HYS PIMCO 0-5 Year H/Y Corp. Bond Reduce -3.2% 2.95% −0.47
GIS General Mills Inc. Reduce -5.6% 0.86% −0.24
SNDA Sonida Senior Living Inc. Sold out 0.00% −0.19
SNDK Sandisk Corp. Sold out 0.00% −0.14
NNN NNN REIT Inc. Reduce -48.7% 0.11% −0.11
XOM Exxon Mobil Corp. Sold out 0.00% −0.10
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.2% 0.97% −0.09
GLDM SPDR Gold Minishares Trust Reduce -4.5% 0.22% −0.08
XLC SS Comm Select Sector SPDR Sold out 0.00% −0.08
NVDA Nvidia Corp. Reduce -19.0% 0.31% −0.07
BNDX Vanguard Total Intl Bond ETF Sold out 0.00% −0.06
T AT&T Inc. Sold out 0.00% −0.06
VEA Vanguard Ftse Developed ETF Reduce -20.3% 0.23% −0.06
PLTR Palantir Technologies Inc. Class A Reduce -0.1% 0.14% −0.06
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.06
AMD Advanced Micro Devices Sold out 0.00% −0.06
HON Honeywell International Inc. Sold out 0.00% −0.05
LOW Lowe's Cos Inc. Sold out 0.00% −0.05
MCD McDonald's Corp. Reduce -1.1% 0.17% −0.05
SCHR Schwab Intermediate-Term US Sold out 0.00% −0.05
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -9.2% 2.10% −0.05
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.05
CVX Chevron Corp. Reduce -8.9% 0.07% −0.04
FSK FS KKR Capital Corp. Sold out 0.00% −0.03
EFA iShares MSCI Eafe ETF Reduce -26.1% 0.07% −0.03
MDT Medtronic PLC Reduce -9.3% 0.08% −0.03
GLD SPDR Gold Shares Reduce -0.1% 0.08% −0.03
CGUS Cap Group Core Equity Reduce -5.8% 0.79% −0.02
VCIT Vanguard Int-Term Corporate Reduce -27.4% 0.04% −0.02
DRI Darden Restaurants Inc. Reduce -0.2% 0.29% −0.02
SCHD Schwab US DVD Equity ETF Reduce -4.8% 0.15% −0.02
SNAP Snap Inc. Class A Sold out 0.00% −0.02
XLP SS Consumer Staples Sel Sect Reduce -1.4% 0.16% −0.02
DUK Duke Energy Corp. Reduce -1.4% 0.10% −0.02
SHV iShares 0-1 Year Treasury Bo Reduce -0.1% 0.14% −0.02
HL Hecla Mining Co. Reduce -1.4% 0.05% −0.02
MA Mastercard Inc. Class A Reduce -0.6% 0.10% −0.01
CGGR Cap Group Growth Equity Reduce -7.6% 0.27% −0.01
VWO Vanguard Ftse Emerging Marke Reduce -3.4% 0.15% −0.01
WFC Wells Fargo & Co. Reduce -2.3% 0.07% −0.01
VIG Vanguard Dividend Apprec ETF Reduce -1.2% 0.20% −0.01
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.1% 0.34% −0.00
ILCB iShares Morningstar U.S. Equ Reduce -4.9% 0.17% −0.00
NUSC Nuveen ESG Small-Cap ETF Reduce -0.6% 0.09% +0.00
IVV iShares Core S&P 500 ETF Reduce -0.5% 0.36% +0.00
IJH iShares Core S&P Midcap ETF Reduce -0.1% 0.44% +0.01
DAL Delta Air Lines Inc. Reduce -5.8% 0.11% +0.02
GE General Electric Reduce -0.3% 0.15% +0.02

Portfolio Buys Q1 2026 → Q2 2026
VOO Vanguard S&P 500 ETF Add +3.8% 9.72% +0.56
CAT Caterpillar Inc. Add +1.1% 1.56% +0.41
KLAC KLA Corp. Add +86.0% 0.56% +0.40
VGT Vanguard Info Tech ETF Add +31.9% 0.93% +0.35
SCHB Schwab US Broad Market ETF Add +0.2% 10.42% +0.28
VUG Vanguard Mrngstar GR ETF-Sui Add +9.5% 1.87% +0.25
WDC Western Digital Corp. New 0.17% +0.17
AMAT Applied Materials Inc. Add +3.5% 0.34% +0.17
BOND PIMCO Active Bond Exchange-T New 0.14% +0.14
VB Vanguard Most SM-Cap ETF-Usd Add +2.3% 2.61% +0.13
MSFT Microsoft Corp. Add +27.2% 0.98% +0.12
GOOGL Alphabet Inc. Class A Add +20.1% 0.47% +0.11
AAPL Apple Inc. Add +2.3% 3.26% +0.11
CGBL Cap Group Core Balanced Add +6.9% 2.44% +0.11
INTC Intel Corp. New 0.09% +0.09
PSA Public Storage Add +13.0% 0.59% +0.09
AMZN Amazon.com Inc. Add +14.9% 0.57% +0.08
NOW ServiceNow Inc. New 0.07% +0.07
TRV The Travelers Cos Inc. New 0.07% +0.07
NBIS Nebius Group NV New 0.07% +0.07
CLX Clorox Company New 0.07% +0.07
MU Micron Technology Inc. New 0.07% +0.07
VOOG Vanguard S&P 500 Growth ETF New 0.06% +0.06
PANW Palo Alto Networks Inc. Add +8.3% 0.12% +0.06
VIS Vanguard Industrials ETF Add +9.8% 0.52% +0.06
IVE iShares S&P 500 Value ETF New 0.05% +0.05
KO The Coca-Cola Co. Add +98.0% 0.12% +0.05
DGX Quest Diagnostics Inc. Add +23.7% 0.31% +0.05
SPCX Space Exploration Techn Class A New 0.05% +0.05
VOT Vngrd Mrngstr MC GRW ETF-Usd Add +10.2% 0.34% +0.05
SPYV SS SPDR P S&P 500 Value ETF New 0.05% +0.05
ABBV Abbvie Inc. New 0.04% +0.04
CSCO Cisco Systems Inc. Add +6.9% 0.14% +0.04
FTLS First Trust Long/Short Eqty New 0.04% +0.04
SOLV Solventum Corp. New 0.04% +0.04
QCOM Qualcomm Inc. New 0.04% +0.04
GOOG Alphabet Inc. Class C Add +6.2% 0.29% +0.04
TSM Taiwan Semiconductor-SP ADR Add +3.4% 0.17% +0.04
VCR Vanguard Consumer Discre ETF Add +10.1% 0.50% +0.04
IJR iShares Core S&P Small-Cap E Add +9.3% 0.27% +0.04
TSLA Tesla Inc. Add +49.3% 0.11% +0.04
SPYG SS SPDR P S&P 500 Growth ETF Add +7.9% 0.24% +0.03
DIA SS SPDR Dow Jones Indus Avg Add +0.9% 3.07% +0.03
CGDV Cap Group Dividend Value Add +5.4% 0.43% +0.03
JNJ Johnson & Johnson Add +14.0% 0.65% +0.03
KMB Kimberly-Clark Corp. Add +17.6% 0.18% +0.03
VFH Vanguard Financials ETF Add +11.9% 0.33% +0.03
LLY Eli Lilly & Co. Add +8.6% 0.11% +0.02
VHT Vanguard Health Care ETF Add +6.4% 0.50% +0.02
AMGN Amgen Inc. Add +35.4% 0.08% +0.02

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