Capital Management Associates
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Capital Management Associates reported 39 stock positions worth $68.2 million. Its top holding was Alphabet Class A (GOOGL) at 5.5% of the portfolio, followed by Nvidia (NVDA, 5.3%) and Eli Lilly (LLY, 4.1%). Compared with Q3 2025, it opened 5 new positions, sold out of 8, added to 3 and reduced 2. The biggest buy was a new position in Ross Stores (ROST) and the biggest sale an exit from iShares Bitcoin Trust ETF (IBIT).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000825293
- Portfolio Value
- $68.2M (Q4 2025)
- SEC Filing
- 0000825293-26-000001 ↗ filed Feb 9, 2026
Holdings Value
Holdings 39 stocks · $68.2M
| GOOGL Alphabet Inc. Class A | 5.51% | 12,000 | $3.8M | No change |
| NVDA Nvidia Corp. | 5.31% | 19,400 | $3.6M | Reduce -3.0% |
| LLY Eli Lilly & Co. | 4.10% | 2,600 | $2.8M | No change |
| JPM JPMorgan Chase & Co. | 4.02% | 8,500 | $2.7M | No change |
| MSFT Microsoft Corp. | 3.90% | 5,500 | $2.7M | No change |
| AMZN Amazon.com Inc. | 3.72% | 11,000 | $2.5M | No change |
| WMT Walmart Inc. | 3.63% | 22,200 | $2.5M | No change |
| PWR Quanta Services Inc. | 3.47% | 5,600 | $2.4M | No change |
| BE Bloom Energy Corp. Class A | 3.43% | 26,900 | $2.3M | No change |
| AAPL Apple Inc. | 3.15% | 7,900 | $2.1M | No change |
| LIN Linde PLC | 3.13% | 5,000 | $2.1M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.04% | 7,000 | $2.1M | No change |
| GDX Vaneck Gold Miners ETF | 3.02% | 24,000 | $2.1M | Add +41.2% |
| BLK BlackRock Inc. | 2.98% | 1,900 | $2.0M | No change |
| CEG Constellation Energy | 2.85% | 5,500 | $1.9M | No change |
| PANW Palo Alto Networks Inc. | 2.70% | 10,000 | $1.8M | No change |
| TSLA Tesla Inc. | 2.64% | 4,000 | $1.8M | No change |
| PLTR Palantir Technologies Inc. Class A | 2.61% | 10,000 | $1.8M | No change |
| APO Apollo Global Management Inc. | 2.55% | 12,000 | $1.7M | No change |
| ISRG Intuitive Surgical Inc. | 2.49% | 3,000 | $1.7M | Add +36.4% |
| MCK McKesson Corp. | 2.47% | 2,050 | $1.7M | No change |
| CW Curtiss-Wright Corp. | 2.43% | 3,000 | $1.7M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 2.21% | 3,000 | $1.5M | No change |
| GEV GE Vernova Inc. | 2.20% | 2,300 | $1.5M | No change |
| META Meta Platforms Inc. Class A | 2.13% | 2,200 | $1.5M | Reduce -37.1% |
| RSP Invesco S&P 500 Equal Weight | 2.11% | 7,500 | $1.4M | No change |
| ASML ASML Holding NV-NY Reg SHS | 2.00% | 1,275 | $1.4M | No change |
| LNG Cheniere Energy Inc. | 1.85% | 6,500 | $1.3M | No change |
| BX Blackstone Inc. | 1.81% | 8,000 | $1.2M | No change |
| TMO Thermo Fisher Scientific Inc. | 1.78% | 2,100 | $1.2M | Add +61.5% |
| AMAT Applied Materials Inc. | 1.65% | 4,375 | $1.1M | No change |
| ROST Ross Stores Inc. | 1.59% | 6,000 | $1.1M | New |
| NEE Nextera Energy Inc. | 1.30% | 11,000 | $883K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.29% | 16,000 | $880K | New |
| XME SS SPDR S&P Metals Mining | 1.22% | 8,000 | $829K | New |
| TTWO Take-Two Interactive Softwre | 1.16% | 3,100 | $794K | No change |
| XBI SS SPDR S&P Biotech ETF | 1.07% | 6,000 | $732K | New |
| IBB iShares Biotechnology ETF | 0.99% | 4,000 | $675K | New |
| XOM Exxon Mobil Corp. | 0.50% | 2,852 | $343K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −1.94 |
| META Meta Platforms Inc. Class A | Reduce -37.1% | 2.13% | −1.71 |
| QXO Qxo Inc. | Sold out | 0.00% | −1.68 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −1.26 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.93 |
| FETH Fidelity Ethereum Fund | Sold out | 0.00% | −0.81 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.78 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.75 |
| RRC Range Resources Corp. | Sold out | 0.00% | −0.67 |
| NVDA Nvidia Corp. | Reduce -3.0% | 5.31% | −0.26 |
Portfolio Buys Q3 2025 → Q4 2025
| ROST Ross Stores Inc. | New | 1.59% | +1.59 |
| BAC Bank of America Corp. | New | 1.29% | +1.29 |
| XME SS SPDR S&P Metals Mining | New | 1.22% | +1.22 |
| GDX Vaneck Gold Miners ETF | Add +41.2% | 3.02% | +1.08 |
| XBI SS SPDR S&P Biotech ETF | New | 1.07% | +1.07 |
| ISRG Intuitive Surgical Inc. | Add +36.4% | 2.49% | +1.02 |
| IBB iShares Biotechnology ETF | New | 0.99% | +0.99 |
| TMO Thermo Fisher Scientific Inc. | Add +61.5% | 1.78% | +0.84 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 44 | $77.7M | BE, GOOGL, PWR, NVDA, PANW |
| Q1 2026 | 36 | $60.2M | GOOGL, NVDA, PWR, BE, WMT |
| Q4 2025 | 39 | $68.2M | GOOGL, NVDA, LLY, JPM, MSFT |
| Q3 2025 | 42 | $67.0M | NVDA, GOOGL, MSFT, JPM, META |
| Q2 2025 | 43 | $61.3M | NVDA, MSFT, META, JPM, AMZN |
| Q1 2025 | 40 | $51.2M | LIN, NVDA, AMZN, JPM, MSFT |
| Q4 2024 | 68 | $84.9M | MSFT, AAPL, BX, NVDA, AMZN |
| Q3 2024 | 78 | $89.8M | MSFT, AAPL, BX, NVDA, SMH |
| Q2 2024 | 73 | $84.4M | MSFT, AAPL, SMH, AMZN, GOOG |
| Q1 2024 | 75 | $83.9M | MSFT, AMZN, SMH, BX, AAPL |