Capital Management Associates

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Capital Management Associates reported 42 stock positions worth $67.0 million. Its top holding was Nvidia (NVDA) at 5.6% of the portfolio, followed by Alphabet Class A (GOOGL, 4.4%) and Microsoft (MSFT, 4.3%). Compared with Q2 2025, it opened 3 new positions, sold out of 4 and added to 2. The biggest buy was a new position in Bloom Energy Class A (BE) and the biggest sale an exit from SS Health Care Select Sector (XLV).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0000825293
Portfolio Value
$67.0M (Q3 2025)
SEC Filing
0000825293-25-000008 ↗ filed Nov 5, 2025

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 Q3 2024 Q4 2024: $84.9M Q4 2024 Q1 2025: $51.2M Q1 2025 Q2 2025: $61.3M Q2 2025 Q3 2025: $67.0M $67.0M Q3 2025 Q4 2025: $68.2M Q4 2025 Q1 2026: $60.2M Q1 2026 Q2 2026: $77.7M Q2 2026

Holdings 42 stocks · $67.0M
NVDA Nvidia Corp. 5.57% 20,000 $3.7M No change
GOOGL Alphabet Inc. Class A 4.35% 12,000 $2.9M No change
MSFT Microsoft Corp. 4.25% 5,500 $2.8M No change
JPM JPMorgan Chase & Co. 4.00% 8,500 $2.7M No change
META Meta Platforms Inc. Class A 3.84% 3,500 $2.6M No change
AMZN Amazon.com Inc. 3.60% 11,000 $2.4M No change
LIN Linde PLC 3.54% 5,000 $2.4M No change
PWR Quanta Services Inc. 3.46% 5,600 $2.3M No change
WMT Walmart Inc. 3.41% 22,200 $2.3M No change
BE Bloom Energy Corp. Class A 3.39% 26,900 $2.3M New
BLK BlackRock Inc. 3.31% 1,900 $2.2M No change
PANW Palo Alto Networks Inc. 3.04% 10,000 $2.0M No change
AAPL Apple Inc. 3.00% 7,900 $2.0M No change
LLY Eli Lilly & Co. 2.96% 2,600 $2.0M Add +62.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.95% 7,000 $2.0M No change
PLTR Palantir Technologies Inc. Class A 2.72% 10,000 $1.8M No change
CEG Constellation Energy 2.70% 5,500 $1.8M No change
TSLA Tesla Inc. 2.65% 4,000 $1.8M No change
CW Curtiss-Wright Corp. 2.43% 3,000 $1.6M No change
APO Apollo Global Management Inc. 2.39% 12,000 $1.6M No change
MCK McKesson Corp. 2.36% 2,050 $1.6M No change
LNG Cheniere Energy Inc. 2.28% 6,500 $1.5M No change
BRK.B Berkshire Hathaway Inc. Class B 2.25% 3,000 $1.5M No change
RSP Invesco S&P 500 Equal Weight 2.12% 7,500 $1.4M No change
GEV GE Vernova Inc. 2.11% 2,300 $1.4M No change
BX Blackstone Inc. 2.04% 8,000 $1.4M No change
IBIT iShares Bitcoin Trust ETF 1.94% 20,000 $1.3M No change
GDX Vaneck Gold Miners ETF 1.94% 17,000 $1.3M No change
ASML ASML Holding NV-NY Reg SHS 1.84% 1,275 $1.2M No change
QXO Qxo Inc. 1.68% 59,000 $1.1M No change
ISRG Intuitive Surgical Inc. 1.47% 2,200 $984K No change
AMAT Applied Materials Inc. 1.34% 4,375 $896K No change
ROP Roper Technologies Inc. 1.26% 1,700 $848K No change
NEE Nextera Energy Inc. 1.24% 11,000 $830K No change
TTWO Take-Two Interactive Softwre 1.20% 3,100 $801K Add +72.2%
TMO Thermo Fisher Scientific Inc. 0.94% 1,300 $631K No change
COIN Coinbase Global Inc. Class A 0.93% 1,850 $624K New
FETH Fidelity Ethereum Fund 0.81% 13,000 $540K New
EA Electronic Arts Inc. 0.78% 2,600 $524K No change
PYPL PayPal Holdings Inc. 0.75% 7,500 $503K No change
RRC Range Resources Corp. 0.67% 12,000 $452K No change
XOM Exxon Mobil Corp. 0.48% 2,852 $322K No change

Portfolio Sells Q2 2025 → Q3 2025
XLV SS Health Care Select Sector Sold out 0.00% −1.98
CRM Salesforce Inc. Sold out 0.00% −1.40
ACN Accenture PLC Class A Sold out 0.00% −1.34
UNH Unitedhealth Group Inc. Sold out 0.00% −0.92

Portfolio Buys Q2 2025 → Q3 2025
BE Bloom Energy Corp. Class A New 3.39% +3.39
COIN Coinbase Global Inc. Class A New 0.93% +0.93
LLY Eli Lilly & Co. Add +62.5% 2.96% +0.92
FETH Fidelity Ethereum Fund New 0.81% +0.81
TTWO Take-Two Interactive Softwre Add +72.2% 1.20% +0.48

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