Investment Management Associates Inc. In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 5, 2024), Investment Management Associates Inc. reported 33 stock positions worth $253.5 million . Its top holding was Uber Technologies (UBER) at 13.3% of the portfolio, followed by British American Tob-SP ADR (BTI, 9.1% ) and Huntington Ingalls Industrie (HII, 7.9% ). Compared with Q2 2024, it opened 5 new positions, sold out of 5, added to 4 and reduced 19. The biggest buy was iShares 0-1 Year Treasury Bo (SHV, shares +71% ) and the biggest sale an exit from Vanguard Intermediate-Term T (VGIT).
Location GREENWOOD VILLAGE, CO
CIK 0000052024
Portfolio Value $253.5M (Q3 2024) Holdings 33 stocks · $253.5M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2024 UBER Uber Technologies Inc. 447,067 $33.6M Reduce -5.6% BTI British American Tob-SP ADR 633,682 $23.2M Reduce -6.2% HII Huntington Ingalls Industrie 75,530 $20.0M Reduce -4.5% BSM Black Stone Minerals LP 1,180,220 $17.8M Reduce -4.2% LBRDK Liberty Broadband-C 218,800 $16.9M Reduce -4.4% IMXI International Money Express 882,702 $16.3M Reduce -4.3% PM Philip Morris International 133,977 $16.3M Reduce -6.8% EPD Enterprise Products Partners 546,414 $15.9M Reduce -5.2% MCK McKesson Corp. 27,675 $13.7M Reduce -43.6% KMI Kinder Morgan Inc. 579,594 $12.8M Reduce -9.9% DXC DXC Technology Co. 535,652 $11.1M Reduce -6.3% CMCSA Comcast Corp. Class A 219,237 $9.2M Reduce -6.0% CNQ Canadian Natural Resources 245,227 $8.1M Reduce -2.8% SOLV Solventum Corp. 114,898 $8.0M Reduce -5.5% TFIN Triumph Financial Inc. 100,176 $8.0M Reduce -6.2% GD General Dynamics Corp. 16,477 $5.0M Reduce -42.1% BRK.B Berkshire Hathaway Inc. Class B 10,147 $4.7M Reduce -6.7% MUB iShares National Muni Bond E 33,191 $3.6M No change SHV iShares 0-1 Year Treasury Bo 21,187 $2.3M Add +71.4% LMT Lockheed Martin Corp. 2,882 $1.7M Add +0.3% QVCG QVC Group Inc. filed as QURATE RETAIL INC 2,124,152 $1.3M Reduce -4.3% CAH Cardinal Health Inc. 7,457 $824K Reduce -56.0% PFE Pfizer Inc. 21,413 $620K Add +17.2% ABBV Abbvie Inc. 2,319 $458K Add +1.6% NVDA Nvidia Corp. 3,030 $368K New AAPL Apple Inc. 1,281 $298K New SKT Tanger Inc. 8,685 $288K No change ARCC Ares Capital Corp. 12,250 $257K No change COST Costco Wholesale Corp. 250 $222K New NVO Novo-Nordisk A/S-Spons ADR 1,860 $221K No change UNH Unitedhealth Group Inc. 375 $219K New CSCO Cisco Systems Inc. 3,994 $213K New ABEV Ambev SA-ADR 15,000 $37K No change
Options reported separately and not counted above: SPY puts ($2.0M), UBER puts ($341K).
Portfolio Sells Q2 2024 → Q3 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▲ VGIT Vanguard Intermediate-Term T Sold out 0.00% −5.93 MCK McKesson Corp. Reduce -43.6% 5.40% −4.47 VGLT Vanguard Long-Term Treasury Sold out 0.00% −1.93 GD General Dynamics Corp. Reduce -42.1% 1.96% −0.88 GOOG Alphabet Inc. Class C Sold out 0.00% −0.26 CAH Cardinal Health Inc. Reduce -56.0% 0.33% −0.25 IMXI International Money Express Reduce -4.3% 6.44% −0.17 JFR Nuveen Floating Rate Income Sold out 0.00% −0.14 META Meta Platforms Inc. Class A Sold out 0.00% −0.07 QVCG QVC Group Inc. Reduce -4.3% 0.51% +0.03 CNQ Canadian Natural Resources Reduce -2.8% 3.21% +0.12 TFIN Triumph Financial Inc. Reduce -6.2% 3.14% +0.14 BRK.B Berkshire Hathaway Inc. Class B Reduce -6.7% 1.84% +0.32 BSM Black Stone Minerals LP Reduce -4.2% 7.03% +0.39 CMCSA Comcast Corp. Class A Reduce -6.0% 3.61% +0.47 EPD Enterprise Products Partners Reduce -5.2% 6.28% +0.53 DXC DXC Technology Co. Reduce -6.3% 4.39% +0.63 KMI Kinder Morgan Inc. Reduce -9.9% 5.05% +0.66 SOLV Solventum Corp. Reduce -5.5% 3.16% +0.95 HII Huntington Ingalls Industrie Reduce -4.5% 7.88% +1.18 PM Philip Morris International Reduce -6.8% 6.42% +1.41 UBER Uber Technologies Inc. Reduce -5.6% 13.26% +1.42 BTI British American Tob-SP ADR Reduce -6.2% 9.15% +1.96 LBRDK Liberty Broadband-C Reduce -4.4% 6.67% +2.36
Portfolio Buys Q2 2024 → Q3 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▼ SHV iShares 0-1 Year Treasury Bo Add +71.4% 0.92% +0.45 LMT Lockheed Martin Corp. Add +0.3% 0.66% +0.20 NVDA Nvidia Corp. New 0.15% +0.15 AAPL Apple Inc. New 0.12% +0.12 COST Costco Wholesale Corp. New 0.09% +0.09 UNH Unitedhealth Group Inc. New 0.09% +0.09 CSCO Cisco Systems Inc. New 0.08% +0.08 PFE Pfizer Inc. Add +17.2% 0.24% +0.07 ABBV Abbvie Inc. Add +1.6% 0.18% +0.05
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put New 600,700 $2.0M UBER Uber Technologies Inc. put Reduce -0.9% 111,700 $341K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 27 $393.5M MOH, UBER, HII, TFIN, BSM Q1 2026 27 $369.0M HII, UBER, MOH, BSM, BTI Q4 2025 26 $357.6M HII, MOH, UBER, BTI, BSM Q3 2025 27 $335.9M UBER, HII, BTI, BSM, MOH Q2 2025 26 $296.7M UBER, HII, BTI, LBRDK, PM Q1 2025 23 $244.4M UBER, BTI, BSM, HII, PM Q4 2024 26 $229.0M UBER, BSM, BTI, HII, IMXI Q3 2024 33 $253.5M UBER, BTI, HII, BSM, LBRDK Q2 2024 33 $290.7M UBER, MCK, BTI, HII, BSM Q1 2024 34 $289.3M UBER, MCK, HII, IMXI, BSM