INVESTMENT MANAGEMENT ASSOCIATES INC /ADV Long-Term Concentrated

Location: Greenwood Village, CO

CIK: 0000052024 · Show all filings

Period: Q3 2023 (← Previous) (Next →)

Filing Date: Nov 1, 2023

Total Value: $240M (100.0% shares, 0.0% debt)

Holdings (33)

UBER UBER TECHNOLOGIES INC 9.3%

Value $22.25M Shares 483,698 Share Price $45.99 Est. Cost/Share $36.93 Unrealized @ Report Date +24.5%

MCK MCKESSON CORP 9.1%

Value $21.82M Shares 50,171 Share Price $434.85 Est. Cost/Share $174.69 Unrealized @ Report Date +146.4%

BSM BLACK STONE MINERALS L P 7.4%

Value $17.79M Shares 1,032,414 Share Price $17.23 Est. Cost/Share $13.26 Unrealized @ Report Date —

VGIT VANGUARD SCOTTSDALE FDS 7.1%

Value $16.92M Shares 296,031 Share Price $57.15 Est. Cost/Share $57.98 Unrealized @ Report Date -1.4%

HII HUNTINGTON INGALLS INDS INC 6.9%

Value $16.47M Shares 80,489 Share Price $204.58 * Est. Cost/Share $182.16 Unrealized @ Report Date +6.9%

DXC DXC TECHNOLOGY CO 5.9%

Value $14.16M Shares 679,760 Share Price $20.83 Est. Cost/Share $24.62 Unrealized @ Report Date -15.4%

EPD ENTERPRISE PRODS PARTNERS L 5.8%

Value $13.83M Shares 505,457 Share Price $27.37 Est. Cost/Share $22.24 Unrealized @ Report Date —

IMXI INTERNATIONAL MNY EXPRESS IN 5.4%

Value $12.98M Shares 766,399 Share Price $16.93 Est. Cost/Share $18.78 Unrealized @ Report Date -9.9%

BTI BRITISH AMERN TOB PLC 5.4%

Value $12.91M Shares 411,120 Share Price $31.41 Est. Cost/Share $37.89 Unrealized @ Report Date -17.1%

CMCSA COMCAST CORP NEW 4.1%

Value $9.731M Shares 219,469 Share Price $44.34 * Est. Cost/Share $30.86 Unrealized @ Report Date +33.6%

KMI KINDER MORGAN INC DEL 3.6%

Value $8.584M Shares 517,731 Share Price $16.58 * Est. Cost/Share $14.95 Unrealized @ Report Date -1.4%

PM PHILIP MORRIS INTL INC 3.5%

Value $8.461M Shares 91,395 Share Price $92.58 * Est. Cost/Share $81.45 Unrealized @ Report Date +3.1%

QCOM QUALCOMM INC 3.5%

Value $8.407M Shares 75,698 Share Price $111.06 * Est. Cost/Share $120.67 Unrealized @ Report Date -12.3%

TFIN TRIUMPH FINANCIAL INC 3.1%

Value $7.495M Shares 115,675 Share Price $64.79 Est. Cost/Share $56.47 Unrealized @ Report Date +14.7%

GD GENERAL DYNAMICS CORP 2.7%

Value $6.56M Shares 29,686 Share Price $220.97 * Est. Cost/Share $131.66 Unrealized @ Report Date +60.2%

LBRDK LIBERTY BROADBAND CORP 2.6%

Value $6.25M Shares 68,442 Share Price $91.32 * Est. Cost/Share $76.65 Unrealized @ Report Date +11.6%

MUB ISHARES TR 2.3%

Value $5.602M Shares 54,636 Share Price $102.54 Est. Cost/Share $106.67 Unrealized @ Report Date -3.9%

MO ALTRIA GROUP INC 2.1%

Value $5.013M Shares 119,222 Share Price $42.05 * Est. Cost/Share $28.87 Unrealized @ Report Date +22.3%

CHTR CHARTER COMMUNICATIONS INC N 1.9%

Value $4.457M Shares 10,134 Share Price $439.82 Est. Cost/Share $465.81 Unrealized @ Report Date -5.6%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.7%

Value $3.972M Shares 11,338 Share Price $350.31 Est. Cost/Share $247.47 Unrealized @ Report Date +41.6%

TLT ISHARES TR 1.4%

Value $3.406M Shares 38,403 Share Price $88.69 Est. Cost/Share $96.12 Unrealized @ Report Date -7.7%

SGOV ISHARES TR 1.1%

Value $2.715M Shares 26,972 Share Price $100.67 Est. Cost/Share $100.41 Unrealized @ Report Date +0.3%

CAH CARDINAL HEALTH INC 0.8%

Value $1.932M Shares 22,257 Share Price $86.82 * Est. Cost/Share $47.96 Unrealized @ Report Date +73.6%

SUB ISHARES TR 0.6%

Value $1.553M Shares 15,094 Share Price $102.86 Est. Cost/Share $105.83 Unrealized @ Report Date -2.8%

— NUVEEN FLOATING RATE INCOME 0.6%

Value $1.342M Shares 163,466 Share Price $8.21 Est. Cost/Share $8.74 Unrealized @ Report Date —

LMT LOCKHEED MARTIN CORP 0.5%

Value $1.289M Shares 3,152 Share Price $409.02 * Est. Cost/Share $313.87 Unrealized @ Report Date +22.5%

— QURATE RETAIL INC 0.5%

Value $1.157M Shares 1,907,545 Share Price $0.61 Est. Cost/Share $7.05 Unrealized @ Report Date —

PFE PFIZER INC 0.4%

Value $884K Shares 26,658 Share Price $33.17 * Est. Cost/Share $29.40 Unrealized @ Report Date -2.2%

ABBV ABBVIE INC 0.3%

Value $609K Shares 4,088 Share Price $149.07 * Est. Cost/Share $83.01 Unrealized @ Report Date +65.7%

GOOG ALPHABET INC 0.2%

Value $551K Shares 4,180 Share Price $131.85 Est. Cost/Share $114.96 Unrealized @ Report Date +13.8%

ARCC ARES CAPITAL CORP 0.1%

Value $239K Shares 12,250 Share Price $19.47 * Est. Cost/Share $9.58 Unrealized @ Report Date +65.5%

ABEV AMBEV SA 0.1%

Value $220K Shares 85,145 Share Price $2.58 Est. Cost/Share $3.00 Unrealized @ Report Date -14.0%

CSCO CISCO SYS INC 0.1%

Value $205K Shares 3,811 Share Price $53.76 * Est. Cost/Share $50.30 Unrealized @ Report Date -0.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
UBER	UBER TECHNOLOGIES INC	483,698	$22.25M	9.3%	$45.99	$36.93	+24.5%	COM	90353T100
MCK	MCKESSON CORP	50,171	$21.82M	9.1%	$434.85	$174.69	+146.4%	COM	58155Q103
BSM	BLACK STONE MINERALS L P	1,032,414	$17.79M	7.4%	$17.23	$13.26	—	COM UNIT	09225M101
VGIT	VANGUARD SCOTTSDALE FDS	296,031	$16.92M	7.1%	$57.15	$57.98	-1.4%	INTER TERM TREAS	92206C706
HII	HUNTINGTON INGALLS INDS INC	80,489	$16.47M	6.9%	$204.58 *	$182.16	+6.9%	COM	446413106
DXC	DXC TECHNOLOGY CO	679,760	$14.16M	5.9%	$20.83	$24.62	-15.4%	COM	23355L106
EPD	ENTERPRISE PRODS PARTNERS L	505,457	$13.83M	5.8%	$27.37	$22.24	—	COM	293792107
IMXI	INTERNATIONAL MNY EXPRESS IN	766,399	$12.98M	5.4%	$16.93	$18.78	-9.9%	COM	46005L101
BTI	BRITISH AMERN TOB PLC	411,120	$12.91M	5.4%	$31.41	$37.89	-17.1%	SPONSORED ADR	110448107
CMCSA	COMCAST CORP NEW	219,469	$9.731M	4.1%	$44.34 *	$30.86	+33.6%	CL A	20030N101
KMI	KINDER MORGAN INC DEL	517,731	$8.584M	3.6%	$16.58 *	$14.95	-1.4%	COM	49456B101
PM	PHILIP MORRIS INTL INC	91,395	$8.461M	3.5%	$92.58 *	$81.45	+3.1%	COM	718172109
QCOM	QUALCOMM INC	75,698	$8.407M	3.5%	$111.06 *	$120.67	-12.3%	COM	747525103
TFIN	TRIUMPH FINANCIAL INC	115,675	$7.495M	3.1%	$64.79	$56.47	+14.7%	COM	89679E300
GD	GENERAL DYNAMICS CORP	29,686	$6.56M	2.7%	$220.97 *	$131.66	+60.2%	COM	369550108
LBRDK	LIBERTY BROADBAND CORP	68,442	$6.25M	2.6%	$91.32 *	$76.65	+11.6%	COM SER C	530307305
MUB	ISHARES TR	54,636	$5.602M	2.3%	$102.54	$106.67	-3.9%	NATIONAL MUN ETF	464288414
MO	ALTRIA GROUP INC	119,222	$5.013M	2.1%	$42.05 *	$28.87	+22.3%	COM	02209S103
CHTR	CHARTER COMMUNICATIONS INC N	10,134	$4.457M	1.9%	$439.82	$465.81	-5.6%	CL A	16119P108
BRK/B	BERKSHIRE HATHAWAY INC DEL	11,338	$3.972M	1.7%	$350.31	$247.47	+41.6%	CL B NEW	084670702
TLT	ISHARES TR	38,403	$3.406M	1.4%	$88.69	$96.12	-7.7%	20 YR TR BD ETF	464287432
SGOV	ISHARES TR	26,972	$2.715M	1.1%	$100.67	$100.41	+0.3%	0-3 MNTH TREASRY	46436E718
CAH	CARDINAL HEALTH INC	22,257	$1.932M	0.8%	$86.82 *	$47.96	+73.6%	COM	14149Y108
SUB	ISHARES TR	15,094	$1.553M	0.6%	$102.86	$105.83	-2.8%	SHRT NAT MUN ETF	464288158
—	NUVEEN FLOATING RATE INCOME	163,466	$1.342M	0.6%	$8.21	$8.74	—	COM	67072T108
LMT	LOCKHEED MARTIN CORP	3,152	$1.289M	0.5%	$409.02 *	$313.87	+22.5%	COM	539830109
—	QURATE RETAIL INC	1,907,545	$1.157M	0.5%	$0.61	$7.05	—	COM SER A	74915M100
PFE	PFIZER INC	26,658	$884K	0.4%	$33.17 *	$29.40	-2.2%	COM	717081103
ABBV	ABBVIE INC	4,088	$609K	0.3%	$149.07 *	$83.01	+65.7%	COM	00287Y109
GOOG	ALPHABET INC	4,180	$551K	0.2%	$131.85	$114.96	+13.8%	CAP STK CL C	02079K107
ARCC	ARES CAPITAL CORP	12,250	$239K	0.1%	$19.47 *	$9.58	+65.5%	COM	04010L103
ABEV	AMBEV SA	85,145	$220K	0.1%	$2.58	$3.00	-14.0%	SPONSORED ADR	02319V103
CSCO	CISCO SYS INC	3,811	$205K	0.1%	$53.76 *	$50.30	-0.3%	COM	17275R102