Capital Management Associates

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Capital Management Associates reported 78 stock positions worth $89.8 million. Its top holding was Microsoft (MSFT) at 5.9% of the portfolio, followed by Apple (AAPL, 4.3%) and Blackstone (BX, 4.0%). Compared with Q2 2024, it opened 11 new positions, sold out of 6, added to 9 and reduced 11. The biggest buy was a new position in Intuitive Surgical (ISRG) and the biggest sale an exit from Vanguard Energy ETF (VDE).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0000825293
Portfolio Value
$89.8M (Q3 2024)
SEC Filing
0001506071-24-000004 ↗ filed Nov 13, 2024

Holdings Value

0$20.0M$40.0M$60.0M$80.0M$100.0M Q1 2024: $83.9M Q1 2024 Q2 2024: $84.4M Q2 2024 Q3 2024: $89.8M $89.8M Q3 2024 Q4 2024: $84.9M Q4 2024 Q1 2025: $51.2M Q1 2025 Q2 2025: $61.3M Q2 2025 Q3 2025: $67.0M Q3 2025 Q4 2025: $68.2M Q4 2025 Q1 2026: $60.2M Q1 2026 Q2 2026: $77.7M Q2 2026

Holdings 78 stocks · $89.8M
MSFT Microsoft Corp. 5.93% 12,377 $5.3M No change
AAPL Apple Inc. 4.33% 16,715 $3.9M No change
BX Blackstone Inc. 4.03% 23,629 $3.6M Add +7.3%
NVDA Nvidia Corp. 3.74% 27,670 $3.4M Add +38.4%
SMH Vaneck Semiconductor ETF 3.58% 13,122 $3.2M No change
AMZN Amazon.com Inc. 3.55% 17,117 $3.2M No change
JPM JPMorgan Chase & Co. 3.06% 13,028 $2.7M Reduce -0.5%
GOOG Alphabet Inc. Class C 3.01% 16,175 $2.7M No change
APO Apollo Global Management Inc. 2.80% 20,129 $2.5M Add +11.0%
LIN Linde PLC 2.65% 5,000 $2.4M No change
META Meta Platforms Inc. Class A 2.23% 3,500 $2.0M No change
GOOGL Alphabet Inc. Class A 2.22% 12,000 $2.0M No change
BLK BlackRock Inc. 2.01% 1,900 $1.8M No change
WMT Walmart Inc. 2.00% 22,200 $1.8M No change
PANW Palo Alto Networks Inc. 1.90% 5,000 $1.7M No change
PWR Quanta Services Inc. 1.86% 5,600 $1.7M Add +15.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.72% 7,000 $1.5M Add +40.0%
CEG Constellation Energy 1.59% 5,500 $1.4M No change
FLUT Flutter Entertainment PLC-Di 1.58% 6,000 $1.4M Add +100.0%
LLY Eli Lilly & Co. 1.58% 1,600 $1.4M No change
XLV SS Health Care Select Sector 1.56% 9,099 $1.4M No change
BRK.B Berkshire Hathaway Inc. Class B 1.54% 3,000 $1.4M No change
GTLS Chart Industries Inc. 1.52% 11,000 $1.4M No change
RSP Invesco S&P 500 Equal Weight 1.50% 7,500 $1.3M Add +50.0%
VOO Vanguard S&P 500 ETF 1.49% 2,534 $1.3M Reduce -37.6%
MCK McKesson Corp. 1.32% 2,400 $1.2M No change
LNG Cheniere Energy Inc. 1.30% 6,500 $1.2M Add +44.4%
AXP American Express Co. 1.27% 4,196 $1.1M No change
BA The Boeing Co. 1.22% 7,215 $1.1M No change
ISRG Intuitive Surgical Inc. 1.20% 2,200 $1.1M New
CW Curtiss-Wright Corp. 1.10% 3,000 $986K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.08% 23,183 $973K New
ACN Accenture PLC Class A 1.08% 2,750 $972K No change
COF Capital One Financial Corp. 1.08% 6,476 $970K No change
HAL Halliburton Co. 1.07% 32,960 $957K New
ROP Roper Technologies Inc. 1.05% 1,700 $946K No change
PYPL PayPal Holdings Inc. 1.04% 12,000 $936K New
NEE Nextera Energy Inc. 1.03% 11,000 $930K New
TFC Truist Financial Corp. 1.03% 21,674 $927K No change
XME SS SPDR S&P Metals Mining 1.02% 14,313 $912K Reduce -60.6%
STZ Constellation Brands Inc. Class A 1.00% 3,500 $902K No change
AMAT Applied Materials Inc. 0.98% 4,375 $884K No change
CRM Salesforce Inc. 0.96% 3,150 $862K No change
ARCC Ares Capital Corp. 0.93% 39,972 $837K No change
GXO Gxo Logistics Inc. 0.93% 16,000 $833K Add +60.0%
AEM Agnico Eagle Mines Ltd. 0.90% 10,000 $806K New
TMO Thermo Fisher Scientific Inc. 0.90% 1,300 $804K Reduce -13.3%
SOXX iShares Semiconductor ETF 0.84% 3,286 $758K No change
ASML ASML Holding NV-NY Reg SHS 0.81% 875 $729K No change
RTX RTX Corp. 0.81% 6,006 $728K No change
SHW The Sherwin-Williams Co. 0.81% 1,900 $725K No change
HON Honeywell International Inc. 0.81% 3,500 $723K Reduce -46.1%
CG The Carlyle Group Inc. 0.79% 16,524 $712K No change
UNH Unitedhealth Group Inc. 0.78% 1,204 $704K Reduce -1.6%
CPRI Capri Holdings Ltd. 0.78% 16,526 $701K New
FANG Diamondback Energy Inc. 0.77% 4,000 $690K No change
URA Global X Uranium ETF 0.76% 24,000 $687K Reduce -20.0%
SPG Simon Property Group Inc. 0.75% 4,000 $676K New
XOM Exxon Mobil Corp. 0.74% 5,652 $663K Reduce -49.3%
EMR Emerson Electric Co. 0.73% 6,000 $656K Reduce -40.0%
XLC SS Comm Select Sector SPDR 0.70% 6,916 $625K No change
LHX L3HARRIS Technologies Inc. 0.67% 2,516 $598K No change
FIX Comfort Systems USA Inc. 0.65% 1,500 $586K New
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.58% 7,000 $521K New
C Citigroup Inc. 0.33% 4,676 $293K Reduce -57.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.20% 4,550 $181K Reduce -40.2%
PFF iShares Preferred & Income S 0.08% 2,148 $71K No change
T AT&T Inc. 0.04% 1,450 $32K No change
QQQ Invesco QQQ Trust Series 1 0.03% 62 $30K No change
GE General Electric filed as GE AEROSPACE 0.02% 100 $19K No change
PFE Pfizer Inc. 0.01% 450 $13K No change
FHN First Horizon Corp. 0.01% 750 $12K No change
TSLA Tesla Inc. 0.01% 28 $7K No change
GEV GE Vernova Inc. 0.01% 25 $6K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.00% 41 $4K No change
VGK Vanguard Ftse Europe ETF 0.00% 50 $4K No change
GEHC GE Healthcare Technology 0.00% 33 $3K No change
BABA Alibaba Group Holding-SP ADR 0.00% 14 $1K New

Portfolio Sells Q2 2024 → Q3 2024
VDE Vanguard Energy ETF Sold out 0.00% −1.76
XME SS SPDR S&P Metals Mining Reduce -60.6% 1.02% −1.54
GVA Granite Construction Inc. Sold out 0.00% −1.47
MA Mastercard Inc. Class A Sold out 0.00% −1.31
VOO Vanguard S&P 500 ETF Reduce -37.6% 1.49% −0.92
HON Honeywell International Inc. Reduce -46.1% 0.81% −0.84
XOM Exxon Mobil Corp. Reduce -49.3% 0.74% −0.78
XLE SS Energy Select Sector Sold out 0.00% −0.61
EMR Emerson Electric Co. Reduce -40.0% 0.73% −0.57
NFE New Fortress Energy Inc. Sold out 0.00% −0.52
C Citigroup Inc. Reduce -57.7% 0.33% −0.51
URA Global X Uranium ETF Reduce -20.0% 0.76% −0.26
BAC Bank of America Corp. Reduce -40.2% 0.20% −0.16
TMO Thermo Fisher Scientific Inc. Reduce -13.3% 0.90% −0.09
JPM JPMorgan Chase & Co. Reduce -0.5% 3.06% −0.08
VOX Vanguard Communication Servi Sold out 0.00% −0.05
UNH Unitedhealth Group Inc. Reduce -1.6% 0.78% +0.05

Portfolio Buys Q2 2024 → Q3 2024
ISRG Intuitive Surgical Inc. New 1.20% +1.20
SLB SLB Ltd. New 1.08% +1.08
HAL Halliburton Co. New 1.07% +1.07
PYPL PayPal Holdings Inc. New 1.04% +1.04
NEE Nextera Energy Inc. New 1.03% +1.03
FLUT Flutter Entertainment PLC-Di Add +100.0% 1.58% +0.94
AEM Agnico Eagle Mines Ltd. New 0.90% +0.90
NVDA Nvidia Corp. Add +38.4% 3.74% +0.81
BX Blackstone Inc. Add +7.3% 4.03% +0.80
CPRI Capri Holdings Ltd. New 0.78% +0.78
SPG Simon Property Group Inc. New 0.75% +0.75
IBM Intl Business Machines Corp. Add +40.0% 1.72% +0.70
FIX Comfort Systems USA Inc. New 0.65% +0.65
VMRK Vivmark Residential New 0.58% +0.58
RSP Invesco S&P 500 Equal Weight Add +50.0% 1.50% +0.52
PWR Quanta Services Inc. Add +15.5% 1.86% +0.40
LNG Cheniere Energy Inc. Add +44.4% 1.30% +0.37
GXO Gxo Logistics Inc. Add +60.0% 0.93% +0.33
APO Apollo Global Management Inc. Add +11.0% 2.80% +0.26
BABA Alibaba Group Holding-SP ADR New 0.00% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 44$77.7MBE, GOOGL, PWR, NVDA, PANW
Q1 2026 36$60.2MGOOGL, NVDA, PWR, BE, WMT
Q4 2025 39$68.2MGOOGL, NVDA, LLY, JPM, MSFT
Q3 2025 42$67.0MNVDA, GOOGL, MSFT, JPM, META
Q2 2025 43$61.3MNVDA, MSFT, META, JPM, AMZN
Q1 2025 40$51.2MLIN, NVDA, AMZN, JPM, MSFT
Q4 2024 68$84.9MMSFT, AAPL, BX, NVDA, AMZN
Q3 2024 78$89.8MMSFT, AAPL, BX, NVDA, SMH
Q2 2024 73$84.4MMSFT, AAPL, SMH, AMZN, GOOG
Q1 2024 75$83.9MMSFT, AMZN, SMH, BX, AAPL