1y return+20.1%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since March 31, 2024: $139 against $143 in the S&P 500.2
Capital Management Associates, IncS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPYState Str Spdr S&p 500 Etf T | $77.0M | 15.5% | |
| SCHBSchwab Strategic Tr | $51.8M | 10.4% | |
| VOOVanguard Index Fds | $48.3M | 9.7% | +3.8% |
| QQQInvesco Qqq Tr | $29.1M | 5.8% | |
| AAPLApple Inc | $16.2M | 3.3% | +2.3% |
| DIAState Str Spdr Dow Jones Ind | $15.3M | 3.1% | |
| HYSPimco Etf Tr | $14.7M | 2.9% | −3.2% |
| VBVanguard Index Fds | $13.0M | 2.6% | +2.3% |
| SIVRAbrdn Silver Etf Trust | $12.6M | 2.5% | −17.7% |
| CGBLCapital Group Core Balanced | $12.2M | 2.4% | +6.9% |
| VBKVanguard Index Fds | $10.4M | 2.1% | −9.2% |
| VUGVanguard Index Fds | $9.3M | 1.9% | +9.5% |
| SGOLEtfs Gold Tr | $8.7M | 1.8% | −12.9% |
| CATCaterpillar Inc | $7.8M | 1.6% | +1.1% |
| VOVanguard Index Fds | $6.5M | 1.3% | +1.3% |
| XELXcel Energy Inc | $5.3M | 1.1% | +3.6% |
| MINTPimco Etf Tr | $5.3M | 1.1% | +2.1% |
| AGGIshares Tr | $5.2M | 1.0% | |
| MSFTMicrosoft Corp | $4.9M | 1.0% | +27.2% |
| BRK/BBerkshire Hathaway Inc Del | $4.8M | 1.0% | −1.2% |
| VGTVanguard World Fd | $4.6M | 0.9% | +31.9% |
| GISGeneral Mills Inc | $4.3M | 0.9% | −5.6% |
| CGUSCapital Group Core Equity Et | $3.9M | 0.8% | −5.8% |
| RUNNStrategic Trust | $3.8M | 0.8% | +1.7% |
| JNJJohnson & Johnson | $3.2M | 0.6% | +14.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CATCaterpillar Inc | December 31, 2023 | +260.2% | $7.8M |
| SIVRAbrdn Silver Etf Trust | December 31, 2023 | +146.9% | $12.6M |
| GOOGLAlphabet Inc | June 30, 2024 | +96.2% | $2.3M |
| SGOLEtfs Gold Tr | December 31, 2023 | +93.7% | $8.7M |
| QQQInvesco Qqq Tr | December 31, 2023 | +79.8% | $29.1M |
| VUGVanguard Index Fds | December 31, 2023 | +66.3% | $9.3M |
| JNJJohnson & Johnson | December 31, 2023 | +62.0% | $3.2M |
| METAMeta Platforms Inc | December 31, 2023 | +59.1% | $2.2M |
| DEDeere & Co | December 31, 2023 | +58.6% | $3.0M |
| VOOVanguard Index Fds | December 31, 2023 | +57.2% | $48.3M |
Sold off last quarter
- SNDASonida Senior Living Inc was $852K
- SNDKSandisk Corp was $635K
- Exxon Mobil CorpCUSIP 30231G102 was $432K
- XLCSelect Sector Spdr Tr was $362K
- BNDXVanguard Charlotte Fds was $286K
- TAt&t Inc was $278K
- CMGChipotle Mexican Grill Inc was $256K
- AMDAdvanced Micro Devices Inc was $254K
- Honeywell Intl IncCUSIP 438516106 was $236K
- LOWLowes Cos Inc was $234K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.2% | +14.8% |
| March 31, 2026 | −3.0% | −4.6% |
| December 31, 2025 | +3.5% | +2.4% |
| September 30, 2025 | +7.6% | +7.8% |
| June 30, 2025 | +8.2% | +10.5% |
| March 31, 2025 | −2.7% | −4.6% |
| December 31, 2024 | −0.2% | +2.1% |
| September 30, 2024 | +6.9% | +5.4% |
| June 30, 2024 | +3.2% | +4.0% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Capital Management Associates, Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2008851&type=13F-HR&dateb=&owner=include&count=40CIK 2008851
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2008851/000200885126000004/Filed July 22, 2026 · accession 0002008851-26-000004