INVESTMENT MANAGEMENT ASSOCIATES INC /ADV Long-Term Concentrated

Location: Greenwood Village, CO

CIK: 0000052024 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 9, 2024

Total Value: $259M (100.0% shares, 0.0% debt)

Holdings (34)

UBER UBER TECHNOLOGIES INC 11.4%

Value $29.58M Shares 480,502 Share Price $61.57 Est. Cost/Share $36.93 Unrealized @ Report Date +66.7%

MCK MCKESSON CORP 9.0%

Value $23.21M Shares 50,130 Share Price $462.98 Est. Cost/Share $174.69 Unrealized @ Report Date +162.7%

HII HUNTINGTON INGALLS INDS INC 8.0%

Value $20.79M Shares 80,063 Share Price $259.64 * Est. Cost/Share $182.16 Unrealized @ Report Date +36.4%

BSM BLACK STONE MINERALS L P 7.5%

Value $19.49M Shares 1,221,389 Share Price $15.96 Est. Cost/Share $13.67 Unrealized @ Report Date —

IMXI INTERNATIONAL MNY EXPRESS IN 7.5%

Value $19.48M Shares 881,693 Share Price $22.09 Est. Cost/Share $18.84 Unrealized @ Report Date +17.3%

VGIT VANGUARD SCOTTSDALE FDS 6.8%

Value $17.56M Shares 296,031 Share Price $59.32 Est. Cost/Share $57.98 Unrealized @ Report Date +2.3%

DXC DXC TECHNOLOGY CO 6.0%

Value $15.41M Shares 673,799 Share Price $22.87 Est. Cost/Share $24.62 Unrealized @ Report Date -7.1%

EPD ENTERPRISE PRODS PARTNERS L 5.3%

Value $13.64M Shares 517,627 Share Price $26.35 Est. Cost/Share $22.33 Unrealized @ Report Date —

BTI BRITISH AMERN TOB PLC 4.6%

Value $12.01M Shares 409,936 Share Price $29.29 Est. Cost/Share $37.89 Unrealized @ Report Date -22.7%

CMCSA COMCAST CORP NEW 3.8%

Value $9.743M Shares 222,199 Share Price $43.85 * Est. Cost/Share $30.97 Unrealized @ Report Date +32.5%

KMI KINDER MORGAN INC DEL 3.6%

Value $9.37M Shares 531,199 Share Price $17.64 * Est. Cost/Share $14.96 Unrealized @ Report Date +6.7%

PM PHILIP MORRIS INTL INC 3.5%

Value $9.107M Shares 96,796 Share Price $94.08 * Est. Cost/Share $81.58 Unrealized @ Report Date +6.1%

— TRIUMPH FINANCIAL INC 3.3%

Value $8.643M Shares 107,790 Share Price $80.18 Est. Cost/Share $80.18 Unrealized @ Report Date —

GD GENERAL DYNAMICS CORP 2.9%

Value $7.422M Shares 28,582 Share Price $259.67 * Est. Cost/Share $131.66 Unrealized @ Report Date +89.4%

VGLT VANGUARD SCOTTSDALE FDS 2.3%

Value $5.994M Shares 97,421 Share Price $61.53 Est. Cost/Share $56.50 Unrealized @ Report Date +8.9%

LBRDK LIBERTY BROADBAND CORP 2.3%

Value $5.917M Shares 73,419 Share Price $80.59 * Est. Cost/Share $76.78 Unrealized @ Report Date -1.7%

MO ALTRIA GROUP INC 1.8%

Value $4.718M Shares 116,954 Share Price $40.34 * Est. Cost/Share $28.87 Unrealized @ Report Date +20.1%

CHTR CHARTER COMMUNICATIONS INC N 1.6%

Value $4.157M Shares 10,695 Share Price $388.68 Est. Cost/Share $462.77 Unrealized @ Report Date -16.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.5%

Value $3.934M Shares 11,030 Share Price $356.67 Est. Cost/Share $247.47 Unrealized @ Report Date +44.1%

MUB ISHARES TR 1.5%

Value $3.829M Shares 35,317 Share Price $108.41 Est. Cost/Share $106.67 Unrealized @ Report Date +1.6%

SGOV ISHARES TR 0.9%

Value $2.386M Shares 23,795 Share Price $100.27 Est. Cost/Share $100.41 Unrealized @ Report Date -0.1%

IBTE ISHARES TR 0.8%

Value $1.995M Shares 83,610 Share Price $23.86 Est. Cost/Share $23.86 Unrealized @ Report Date —

— QURATE RETAIL INC 0.7%

Value $1.812M Shares 2,069,350 Share Price $0.88 Est. Cost/Share $6.57 Unrealized @ Report Date —

VGSH VANGUARD SCOTTSDALE FDS 0.7%

Value $1.768M Shares 30,313 Share Price $58.33 Est. Cost/Share $57.80 Unrealized @ Report Date +0.9%

CAH CARDINAL HEALTH INC 0.7%

Value $1.767M Shares 17,531 Share Price $100.80 * Est. Cost/Share $47.96 Unrealized @ Report Date +103.8%

LMT LOCKHEED MARTIN CORP 0.5%

Value $1.348M Shares 2,974 Share Price $453.18 * Est. Cost/Share $313.87 Unrealized @ Report Date +36.7%

— NUVEEN FLOATING RATE INCOME 0.5%

Value $1.344M Shares 163,466 Share Price $8.22 Est. Cost/Share $8.74 Unrealized @ Report Date —

GOOG ALPHABET INC 0.2%

Value $578K Shares 4,100 Share Price $140.93 Est. Cost/Share $114.96 Unrealized @ Report Date +21.7%

PFE PFIZER INC 0.2%

Value $572K Shares 19,869 Share Price $28.79 * Est. Cost/Share $29.40 Unrealized @ Report Date -13.9%

ABBV ABBVIE INC 0.1%

Value $352K Shares 2,270 Share Price $154.96 * Est. Cost/Share $83.01 Unrealized @ Report Date +74.0%

ARCC ARES CAPITAL CORP 0.1%

Value $245K Shares 12,250 Share Price $20.03 * Est. Cost/Share $9.58 Unrealized @ Report Date +74.4%

SKT TANGER INC 0.1%

Value $241K Shares 8,685 Share Price $27.72 Est. Cost/Share $27.72 Unrealized @ Report Date —

CNQ CANADIAN NAT RES LTD 0.1%

Value $215K Shares 3,286 Share Price $65.52 * Est. Cost/Share $29.83 Unrealized @ Report Date +2.1%

ABEV AMBEV SA 0.0%

Value $42,000 Shares 15,000 Share Price $2.80 Est. Cost/Share $3.00 Unrealized @ Report Date -6.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
UBER	UBER TECHNOLOGIES INC	480,502	$29.58M	11.4%	$61.57	$36.93	+66.7%	COM	90353T100
MCK	MCKESSON CORP	50,130	$23.21M	9.0%	$462.98	$174.69	+162.7%	COM	58155Q103
HII	HUNTINGTON INGALLS INDS INC	80,063	$20.79M	8.0%	$259.64 *	$182.16	+36.4%	COM	446413106
BSM	BLACK STONE MINERALS L P	1,221,389	$19.49M	7.5%	$15.96	$13.67	—	COM UNIT	09225M101
IMXI	INTERNATIONAL MNY EXPRESS IN	881,693	$19.48M	7.5%	$22.09	$18.84	+17.3%	COM	46005L101
VGIT	VANGUARD SCOTTSDALE FDS	296,031	$17.56M	6.8%	$59.32	$57.98	+2.3%	INTER TERM TREAS	92206C706
DXC	DXC TECHNOLOGY CO	673,799	$15.41M	6.0%	$22.87	$24.62	-7.1%	COM	23355L106
EPD	ENTERPRISE PRODS PARTNERS L	517,627	$13.64M	5.3%	$26.35	$22.33	—	COM	293792107
BTI	BRITISH AMERN TOB PLC	409,936	$12.01M	4.6%	$29.29	$37.89	-22.7%	SPONSORED ADR	110448107
CMCSA	COMCAST CORP NEW	222,199	$9.743M	3.8%	$43.85 *	$30.97	+32.5%	CL A	20030N101
KMI	KINDER MORGAN INC DEL	531,199	$9.37M	3.6%	$17.64 *	$14.96	+6.7%	COM	49456B101
PM	PHILIP MORRIS INTL INC	96,796	$9.107M	3.5%	$94.08 *	$81.58	+6.1%	COM	718172109
—	TRIUMPH FINANCIAL INC	107,790	$8.643M	3.3%	$80.18	$80.18	—	COM	89679E102
GD	GENERAL DYNAMICS CORP	28,582	$7.422M	2.9%	$259.67 *	$131.66	+89.4%	COM	369550108
VGLT	VANGUARD SCOTTSDALE FDS	97,421	$5.994M	2.3%	$61.53	$56.50	+8.9%	LONG TERM TREAS	92206C847
LBRDK	LIBERTY BROADBAND CORP	73,419	$5.917M	2.3%	$80.59 *	$76.78	-1.7%	COM SER C	530307305
MO	ALTRIA GROUP INC	116,954	$4.718M	1.8%	$40.34 *	$28.87	+20.1%	COM	02209S103
CHTR	CHARTER COMMUNICATIONS INC N	10,695	$4.157M	1.6%	$388.68	$462.77	-16.0%	CL A	16119P108
BRK/B	BERKSHIRE HATHAWAY INC DEL	11,030	$3.934M	1.5%	$356.67	$247.47	+44.1%	CL B NEW	084670702
MUB	ISHARES TR	35,317	$3.829M	1.5%	$108.41	$106.67	+1.6%	NATIONAL MUN ETF	464288414
SGOV	ISHARES TR	23,795	$2.386M	0.9%	$100.27	$100.41	-0.1%	0-3 MNTH TREASRY	46436E718
IBTE	ISHARES TR	83,610	$1.995M	0.8%	$23.86	$23.86	—	IBONDS 24 TRM TS	46436E874
—	QURATE RETAIL INC	2,069,350	$1.812M	0.7%	$0.88	$6.57	—	COM SER A	74915M100
VGSH	VANGUARD SCOTTSDALE FDS	30,313	$1.768M	0.7%	$58.33	$57.80	+0.9%	SHORT TERM TREAS	92206C102
CAH	CARDINAL HEALTH INC	17,531	$1.767M	0.7%	$100.80 *	$47.96	+103.8%	COM	14149Y108
LMT	LOCKHEED MARTIN CORP	2,974	$1.348M	0.5%	$453.18 *	$313.87	+36.7%	COM	539830109
—	NUVEEN FLOATING RATE INCOME	163,466	$1.344M	0.5%	$8.22	$8.74	—	COM	67072T108
GOOG	ALPHABET INC	4,100	$578K	0.2%	$140.93	$114.96	+21.7%	CAP STK CL C	02079K107
PFE	PFIZER INC	19,869	$572K	0.2%	$28.79 *	$29.40	-13.9%	COM	717081103
ABBV	ABBVIE INC	2,270	$352K	0.1%	$154.96 *	$83.01	+74.0%	COM	00287Y109
ARCC	ARES CAPITAL CORP	12,250	$245K	0.1%	$20.03 *	$9.58	+74.4%	COM	04010L103
SKT	TANGER INC	8,685	$241K	0.1%	$27.72	$27.72	—	COM	875465106
CNQ	CANADIAN NAT RES LTD	3,286	$215K	0.1%	$65.52 *	$29.83	+2.1%	COM	136385101
ABEV	AMBEV SA	15,000	$42,000	0.0%	$2.80	$3.00	-6.7%	SPONSORED ADR	02319V103