INVESTMENT MANAGEMENT ASSOCIATES INC /ADV Long-Term Concentrated

Name: INVESTMENT MANAGEMENT ASSOCIATES INC /ADV Q1 2025 13F Filing | 13F Explorer
Creator: INVESTMENT MANAGEMENT ASSOCIATES INC /ADV
Published: 2025-04-30

Location: Greenwood Village, CO

CIK: 0000052024 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: Apr 30, 2025

Total Value: $244M (100.0% shares, 0.0% debt)

Holdings (23)

UBER UBER TECHNOLOGIES INC 12.5%

Value $30.62M Shares 420,262 Share Price $72.86 Est. Cost/Share $36.93 Unrealized @ Report Date +97.3%

BTI BRITISH AMERN TOB PLC 10.0%

Value $24.45M Shares 590,935 Share Price $41.37 Est. Cost/Share $34.85 Unrealized @ Report Date +18.7%

BSM BLACK STONE MINERALS L P 9.6%

Value $23.44M Shares 1,535,334 Share Price $15.27 Est. Cost/Share $13.92 Unrealized @ Report Date —

HII HUNTINGTON INGALLS INDS INC 9.4%

Value $23.09M Shares 113,151 Share Price $204.04 Est. Cost/Share $190.80 Unrealized @ Report Date +5.3%

PM PHILIP MORRIS INTL INC 8.1%

Value $19.76M Shares 124,467 Share Price $158.73 * Est. Cost/Share $82.83 Unrealized @ Report Date +86.7%

LBRDK LIBERTY BROADBAND CORP 7.9%

Value $19.23M Shares 226,073 Share Price $85.05 * Est. Cost/Share $66.53 Unrealized @ Report Date +19.7%

EPD ENTERPRISE PRODS PARTNERS L 7.4%

Value $18.1M Shares 530,107 Share Price $34.14 Est. Cost/Share $23.01 Unrealized @ Report Date —

MCK MCKESSON CORP 6.8%

Value $16.74M Shares 24,875 Share Price $673.00 Est. Cost/Share $174.69 Unrealized @ Report Date +284.0%

IMXI INTERNATIONAL MNY EXPRESS IN 4.3%

Value $10.43M Shares 826,721 Share Price $12.62 Est. Cost/Share $18.95 Unrealized @ Report Date -33.4%

CMCSA COMCAST CORP NEW 4.1%

Value $10.1M Shares 273,750 Share Price $36.90 * Est. Cost/Share $32.10 Unrealized @ Report Date +11.7%

CNQ CANADIAN NAT RES LTD 4.1%

Value $9.982M Shares 324,106 Share Price $30.80 Est. Cost/Share $33.08 Unrealized @ Report Date -8.1%

SOLV SOLVENTUM CORP 3.5%

Value $8.507M Shares 111,874 Share Price $76.04 Est. Cost/Share $60.70 Unrealized @ Report Date +25.3%

INVX INNOVEX INTERNATIONAL INC 2.8%

Value $6.937M Shares 386,269 Share Price $17.96 Est. Cost/Share $16.99 Unrealized @ Report Date +5.7%

TFIN TRIUMPH FINANCIAL INC 2.7%

Value $6.699M Shares 115,902 Share Price $57.80 Est. Cost/Share $75.10 Unrealized @ Report Date -23.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 2.5%

Value $6.217M Shares 11,674 Share Price $532.59 Est. Cost/Share $281.10 Unrealized @ Report Date +89.5%

SHV ISHARES TR 1.7%

Value $4.115M Shares 37,255 Share Price $110.46 Est. Cost/Share $110.31 Unrealized @ Report Date +0.1%

MUB ISHARES TR 1.4%

Value $3.5M Shares 33,191 Share Price $105.44 Est. Cost/Share $106.67 Unrealized @ Report Date -1.2%

CAH CARDINAL HEALTH INC 0.4%

Value $1.019M Shares 7,397 Share Price $137.77 Est. Cost/Share $51.57 Unrealized @ Report Date +163.8%

— QVC GROUP INC 0.2%

Value $498K Shares 2,476,346 Share Price $0.20 Est. Cost/Share $5.35 Unrealized @ Report Date —

TMO THERMO FISHER SCIENTIFIC INC 0.1%

Value $280K Shares 563 Share Price $497.60 Est. Cost/Share $539.78 Unrealized @ Report Date -8.1%

AAPL APPLE INC 0.1%

Value $274K Shares 1,235 Share Price $222.10 Est. Cost/Share $221.95 Unrealized @ Report Date -0.3%

COST COSTCO WHSL CORP NEW 0.1%

Value $236K Shares 250 Share Price $945.78 Est. Cost/Share $861.91 Unrealized @ Report Date +9.3%

NVDA NVIDIA CORPORATION 0.1%

Value $220K Shares 2,030 Share Price $108.38 Est. Cost/Share $118.07 Unrealized @ Report Date -8.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
UBER	UBER TECHNOLOGIES INC	420,262	$30.62M	12.5%	$72.86	$36.93	+97.3%	COM	90353T100
BTI	BRITISH AMERN TOB PLC	590,935	$24.45M	10.0%	$41.37	$34.85	+18.7%	SPONSORED ADR	110448107
BSM	BLACK STONE MINERALS L P	1,535,334	$23.44M	9.6%	$15.27	$13.92	—	COM UNIT	09225M101
HII	HUNTINGTON INGALLS INDS INC	113,151	$23.09M	9.4%	$204.04	$190.80	+5.3%	COM	446413106
PM	PHILIP MORRIS INTL INC	124,467	$19.76M	8.1%	$158.73 *	$82.83	+86.7%	COM	718172109
LBRDK	LIBERTY BROADBAND CORP	226,073	$19.23M	7.9%	$85.05 *	$66.53	+19.7%	COM SER C	530307305
EPD	ENTERPRISE PRODS PARTNERS L	530,107	$18.1M	7.4%	$34.14	$23.01	—	COM	293792107
MCK	MCKESSON CORP	24,875	$16.74M	6.8%	$673.00	$174.69	+284.0%	COM	58155Q103
IMXI	INTERNATIONAL MNY EXPRESS IN	826,721	$10.43M	4.3%	$12.62	$18.95	-33.4%	COM	46005L101
CMCSA	COMCAST CORP NEW	273,750	$10.1M	4.1%	$36.90 *	$32.10	+11.7%	CL A	20030N101
CNQ	CANADIAN NAT RES LTD	324,106	$9.982M	4.1%	$30.80	$33.08	-8.1%	COM	136385101
SOLV	SOLVENTUM CORP	111,874	$8.507M	3.5%	$76.04	$60.70	+25.3%	COM SHS	83444M101
INVX	INNOVEX INTERNATIONAL INC	386,269	$6.937M	2.8%	$17.96	$16.99	+5.7%	COM	457651107
TFIN	TRIUMPH FINANCIAL INC	115,902	$6.699M	2.7%	$57.80	$75.10	-23.0%	COM	89679E300
BRK/B	BERKSHIRE HATHAWAY INC DEL	11,674	$6.217M	2.5%	$532.59	$281.10	+89.5%	CL B NEW	084670702
SHV	ISHARES TR	37,255	$4.115M	1.7%	$110.46	$110.31	+0.1%	SHORT TREAS BD	464288679
MUB	ISHARES TR	33,191	$3.5M	1.4%	$105.44	$106.67	-1.2%	NATIONAL MUN ETF	464288414
CAH	CARDINAL HEALTH INC	7,397	$1.019M	0.4%	$137.77	$51.57	+163.8%	COM	14149Y108
—	QVC GROUP INC	2,476,346	$498K	0.2%	$0.20	$5.35	—	COM SER A	74915M100
TMO	THERMO FISHER SCIENTIFIC INC	563	$280K	0.1%	$497.60	$539.78	-8.1%	COM	883556102
AAPL	APPLE INC	1,235	$274K	0.1%	$222.10	$221.95	-0.3%	COM	037833100
COST	COSTCO WHSL CORP NEW	250	$236K	0.1%	$945.78	$861.91	+9.3%	COM	22160K105
NVDA	NVIDIA CORPORATION	2,030	$220K	0.1%	$108.38	$118.07	-8.2%	COM	67066G104