INVESTMENT MANAGEMENT ASSOCIATES INC /ADV Long-Term Concentrated

Location: Greenwood Village, CO

CIK: 0000052024 · Show all filings

Period: Q3 2024 (← Previous) (Next →)

Filing Date: Nov 5, 2024

Total Value: $256M (100.0% shares, 0.0% debt)

Holdings (35)

UBER UBER TECHNOLOGIES INC 13.1%

Value $33.6M Shares 447,067 Share Price $75.16 Est. Cost/Share $36.93 Unrealized @ Report Date +103.5%

BTI BRITISH AMERN TOB PLC 9.1%

Value $23.18M Shares 633,682 Share Price $36.58 Est. Cost/Share $34.85 Unrealized @ Report Date +5.0%

HII HUNTINGTON INGALLS INDS INC 7.8%

Value $19.97M Shares 75,530 Share Price $264.38 * Est. Cost/Share $182.16 Unrealized @ Report Date +40.9%

BSM BLACK STONE MINERALS L P 7.0%

Value $17.82M Shares 1,180,220 Share Price $15.10 Est. Cost/Share $13.71 Unrealized @ Report Date —

LBRDK LIBERTY BROADBAND CORP 6.6%

Value $16.91M Shares 218,800 Share Price $77.29 * Est. Cost/Share $66.18 Unrealized @ Report Date +9.4%

IMXI INTERNATIONAL MNY EXPRESS IN 6.4%

Value $16.32M Shares 882,702 Share Price $18.49 Est. Cost/Share $18.93 Unrealized @ Report Date -2.3%

PM PHILIP MORRIS INTL INC 6.4%

Value $16.26M Shares 133,977 Share Price $121.40 * Est. Cost/Share $82.83 Unrealized @ Report Date +40.0%

EPD ENTERPRISE PRODS PARTNERS L 6.2%

Value $15.91M Shares 546,414 Share Price $29.11 Est. Cost/Share $23.01 Unrealized @ Report Date —

MCK MCKESSON CORP 5.3%

Value $13.68M Shares 27,675 Share Price $494.42 Est. Cost/Share $174.69 Unrealized @ Report Date +181.5%

KMI KINDER MORGAN INC DEL 5.0%

Value $12.8M Shares 579,594 Share Price $22.09 * Est. Cost/Share $15.15 Unrealized @ Report Date +38.1%

DXC DXC TECHNOLOGY CO 4.3%

Value $11.11M Shares 535,652 Share Price $20.75 Est. Cost/Share $24.62 Unrealized @ Report Date -15.7%

CMCSA COMCAST CORP NEW 3.6%

Value $9.158M Shares 219,237 Share Price $41.77 * Est. Cost/Share $31.30 Unrealized @ Report Date +27.6%

CNQ CANADIAN NAT RES LTD 3.2%

Value $8.144M Shares 245,227 Share Price $33.21 * Est. Cost/Share $34.19 Unrealized @ Report Date -6.6%

SOLV SOLVENTUM CORP 3.1%

Value $8.011M Shares 114,898 Share Price $69.72 Est. Cost/Share $60.70 Unrealized @ Report Date +14.9%

TFIN TRIUMPH FINANCIAL INC 3.1%

Value $7.968M Shares 100,176 Share Price $79.54 Est. Cost/Share $75.52 Unrealized @ Report Date +5.3%

GD GENERAL DYNAMICS CORP 1.9%

Value $4.979M Shares 16,477 Share Price $302.20 * Est. Cost/Share $131.66 Unrealized @ Report Date +123.8%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.8%

Value $4.67M Shares 10,147 Share Price $460.27 Est. Cost/Share $247.47 Unrealized @ Report Date +86.0%

MUB ISHARES TR 1.4%

Value $3.606M Shares 33,191 Share Price $108.63 Est. Cost/Share $106.67 Unrealized @ Report Date +1.8%

SHV ISHARES TR 0.9%

Value $2.344M Shares 21,187 Share Price $110.63 Est. Cost/Share $110.34 Unrealized @ Report Date +0.3%

SPY SPDR S&P 500 ETF TR 0.8%

Value $2.006M Shares 600,700 Share Price $3.34 Est. Cost/Share — Unrealized @ Report Date —

LMT LOCKHEED MARTIN CORP 0.7%

Value $1.685M Shares 2,882 Share Price $584.57 * Est. Cost/Share $313.87 Unrealized @ Report Date +79.8%

— QURATE RETAIL INC 0.5%

Value $1.296M Shares 2,124,152 Share Price $0.61 Est. Cost/Share $6.19 Unrealized @ Report Date —

CAH CARDINAL HEALTH INC 0.3%

Value $824K Shares 7,457 Share Price $110.52 * Est. Cost/Share $47.96 Unrealized @ Report Date +125.6%

PFE PFIZER INC 0.2%

Value $620K Shares 21,413 Share Price $28.94 * Est. Cost/Share $29.00 Unrealized @ Report Date -8.4%

ABBV ABBVIE INC 0.2%

Value $458K Shares 2,319 Share Price $197.49 * Est. Cost/Share $84.49 Unrealized @ Report Date +124.0%

NVDA NVIDIA CORPORATION 0.1%

Value $368K Shares 3,030 Share Price $121.44 Est. Cost/Share $118.07 Unrealized @ Report Date +2.8%

UBER UBER TECHNOLOGIES INC 0.1%

Value $341K Shares 111,700 Share Price $3.05 * Est. Cost/Share $36.93 Unrealized @ Report Date +103.5%

AAPL APPLE INC 0.1%

Value $298K Shares 1,281 Share Price $232.93 Est. Cost/Share $221.95 Unrealized @ Report Date +4.4%

SKT TANGER INC 0.1%

Value $288K Shares 8,685 Share Price $33.18 Est. Cost/Share $27.72 Unrealized @ Report Date —

ARCC ARES CAPITAL CORP 0.1%

Value $257K Shares 12,250 Share Price $20.94 * Est. Cost/Share $9.58 Unrealized @ Report Date +95.5%

COST COSTCO WHSL CORP NEW 0.1%

Value $222K Shares 250 Share Price $886.52 Est. Cost/Share $861.91 Unrealized @ Report Date +2.2%

NVO NOVO-NORDISK A S 0.1%

Value $221K Shares 1,860 Share Price $119.07 Est. Cost/Share $119.04 Unrealized @ Report Date +0.0%

UNH UNITEDHEALTH GROUP INC 0.1%

Value $219K Shares 375 Share Price $584.68 * Est. Cost/Share $548.30 Unrealized @ Report Date +3.7%

CSCO CISCO SYS INC 0.1%

Value $213K Shares 3,994 Share Price $53.23 * Est. Cost/Share $46.78 Unrealized @ Report Date +9.5%

ABEV AMBEV SA 0.0%

Value $36,600 Shares 15,000 Share Price $2.44 Est. Cost/Share $3.00 Unrealized @ Report Date -18.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
UBER	UBER TECHNOLOGIES INC	447,067	$33.6M	13.1%	$75.16	$36.93	+103.5%	COM	90353T100
BTI	BRITISH AMERN TOB PLC	633,682	$23.18M	9.1%	$36.58	$34.85	+5.0%	SPONSORED ADR	110448107
HII	HUNTINGTON INGALLS INDS INC	75,530	$19.97M	7.8%	$264.38 *	$182.16	+40.9%	COM	446413106
BSM	BLACK STONE MINERALS L P	1,180,220	$17.82M	7.0%	$15.10	$13.71	—	COM UNIT	09225M101
LBRDK	LIBERTY BROADBAND CORP	218,800	$16.91M	6.6%	$77.29 *	$66.18	+9.4%	COM SER C	530307305
IMXI	INTERNATIONAL MNY EXPRESS IN	882,702	$16.32M	6.4%	$18.49	$18.93	-2.3%	COM	46005L101
PM	PHILIP MORRIS INTL INC	133,977	$16.26M	6.4%	$121.40 *	$82.83	+40.0%	COM	718172109
EPD	ENTERPRISE PRODS PARTNERS L	546,414	$15.91M	6.2%	$29.11	$23.01	—	COM	293792107
MCK	MCKESSON CORP	27,675	$13.68M	5.3%	$494.42	$174.69	+181.5%	COM	58155Q103
KMI	KINDER MORGAN INC DEL	579,594	$12.8M	5.0%	$22.09 *	$15.15	+38.1%	COM	49456B101
DXC	DXC TECHNOLOGY CO	535,652	$11.11M	4.3%	$20.75	$24.62	-15.7%	COM	23355L106
CMCSA	COMCAST CORP NEW	219,237	$9.158M	3.6%	$41.77 *	$31.30	+27.6%	CL A	20030N101
CNQ	CANADIAN NAT RES LTD	245,227	$8.144M	3.2%	$33.21 *	$34.19	-6.6%	COM	136385101
SOLV	SOLVENTUM CORP	114,898	$8.011M	3.1%	$69.72	$60.70	+14.9%	COM SHS	83444M101
TFIN	TRIUMPH FINANCIAL INC	100,176	$7.968M	3.1%	$79.54	$75.52	+5.3%	COM	89679E300
GD	GENERAL DYNAMICS CORP	16,477	$4.979M	1.9%	$302.20 *	$131.66	+123.8%	COM	369550108
BRK/B	BERKSHIRE HATHAWAY INC DEL	10,147	$4.67M	1.8%	$460.27	$247.47	+86.0%	CL B NEW	084670702
MUB	ISHARES TR	33,191	$3.606M	1.4%	$108.63	$106.67	+1.8%	NATIONAL MUN ETF	464288414
SHV	ISHARES TR	21,187	$2.344M	0.9%	$110.63	$110.34	+0.3%	SHORT TREAS BD	464288679
SPY	SPDR S&P 500 ETF TR	600,700	$2.006M	0.8%	$3.34	—	—	Put	78462F103
LMT	LOCKHEED MARTIN CORP	2,882	$1.685M	0.7%	$584.57 *	$313.87	+79.8%	COM	539830109
—	QURATE RETAIL INC	2,124,152	$1.296M	0.5%	$0.61	$6.19	—	COM SER A	74915M100
CAH	CARDINAL HEALTH INC	7,457	$824K	0.3%	$110.52 *	$47.96	+125.6%	COM	14149Y108
PFE	PFIZER INC	21,413	$620K	0.2%	$28.94 *	$29.00	-8.4%	COM	717081103
ABBV	ABBVIE INC	2,319	$458K	0.2%	$197.49 *	$84.49	+124.0%	COM	00287Y109
NVDA	NVIDIA CORPORATION	3,030	$368K	0.1%	$121.44	$118.07	+2.8%	COM	67066G104
UBER	UBER TECHNOLOGIES INC	111,700	$341K	0.1%	$3.05 *	$36.93	+103.5%	Put	90353T100
AAPL	APPLE INC	1,281	$298K	0.1%	$232.93	$221.95	+4.4%	COM	037833100
SKT	TANGER INC	8,685	$288K	0.1%	$33.18	$27.72	—	COM	875465106
ARCC	ARES CAPITAL CORP	12,250	$257K	0.1%	$20.94 *	$9.58	+95.5%	COM	04010L103
COST	COSTCO WHSL CORP NEW	250	$222K	0.1%	$886.52	$861.91	+2.2%	COM	22160K105
NVO	NOVO-NORDISK A S	1,860	$221K	0.1%	$119.07	$119.04	+0.0%	ADR	670100205
UNH	UNITEDHEALTH GROUP INC	375	$219K	0.1%	$584.68 *	$548.30	+3.7%	COM	91324P102
CSCO	CISCO SYS INC	3,994	$213K	0.1%	$53.23 *	$46.78	+9.5%	COM	17275R102
ABEV	AMBEV SA	15,000	$36,600	0.0%	$2.44	$3.00	-18.7%	SPONSORED ADR	02319V103