INVESTMENT MANAGEMENT ASSOCIATES INC /ADV Long-Term Concentrated

CIK: 0000052024 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 4, 2025

Total Value ($000): $298,801 (100.0% shares, 0.0% debt)

Holdings (29)

UBER UBER TECHNOLOGIES INC 14.0%

Value ($000) $41,782 Shares 447,827 Est. Cost $39.72 Unrealized +107.2%

HII HUNTINGTON INGALLS INDS INC 9.4%

Value ($000) $28,175 Shares 116,685 Est. Cost $191.70 Unrealized +15.0%

BTI BRITISH AMERN TOB PLC 9.3%

Value ($000) $27,725 Shares 585,777 Est. Cost $34.91 Unrealized —

LBRDK LIBERTY BROADBAND CORP 7.7%

Value ($000) $22,906 Shares 232,827 Est. Cost $67.03 Unrealized +25.2%

PM PHILIP MORRIS INTL INC 7.6%

Value ($000) $22,581 Shares 123,982 Est. Cost $82.83 Unrealized +102.1%

BSM BLACK STONE MINERALS L P 6.9%

Value ($000) $20,639 Shares 1,577,887 Est. Cost $13.90 Unrealized —

SOLV SOLVENTUM CORP 6.0%

Value ($000) $17,810 Shares 234,833 Est. Cost $66.00 Unrealized +7.3%

EPD ENTERPRISE PRODS PARTNERS L 5.5%

Value ($000) $16,572 Shares 534,405 Est. Cost $23.01 Unrealized —

TFIN TRIUMPH FINANCIAL INC 4.6%

Value ($000) $13,644 Shares 247,580 Est. Cost $64.77 Unrealized -14.0%

MCK MCKESSON CORP 4.6%

Value ($000) $13,600 Shares 18,560 Est. Cost $174.69 Unrealized +302.8%

PHG KONINKLIJKE PHILIPS N V 4.1%

Value ($000) $12,122 Shares 505,507 Est. Cost $23.98 Unrealized —

CMCSA COMCAST CORP NEW 3.7%

Value ($000) $11,114 Shares 311,414 Est. Cost $32.32 Unrealized +4.9%

CNQ CANADIAN NAT RES LTD 3.5%

Value ($000) $10,397 Shares 331,125 Est. Cost $33.01 Unrealized -9.2%

INVX INNOVEX INTERNATIONAL INC 3.3%

Value ($000) $10,007 Shares 640,625 Est. Cost $16.35 Unrealized -6.0%

IMXI INTERNATIONAL MNY EXPRESS IN 2.6%

Value ($000) $7,891 Shares 782,032 Est. Cost $18.95 Unrealized -39.8%

CACI CACI INTL INC 2.0%

Value ($000) $6,031 Shares 12,651 Est. Cost $443.01 Unrealized 0.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.7%

Value ($000) $4,949 Shares 10,187 Est. Cost $281.10 Unrealized +80.7%

MUB ISHARES TR 1.2%

Value ($000) $3,468 Shares 33,191 Est. Cost $107.17 Unrealized —

SHV ISHARES TR 0.8%

Value ($000) $2,415 Shares 21,872 Est. Cost $110.51 Unrealized —

GLD SPDR GOLD TR 0.3%

Value ($000) $841 Shares 65,100 Est. Cost — Unrealized —

SII SPROTT INC 0.3%

Value ($000) $769 Shares 11,129 Est. Cost $55.52 Unrealized 0.0%

CAH CARDINAL HEALTH INC 0.2%

Value ($000) $732 Shares 4,357 Est. Cost $51.57 Unrealized +185.2%

TLT ISHARES TR 0.2%

Value ($000) $723 Shares 459,700 Est. Cost — Unrealized —

SPY SPDR S&P 500 ETF TR 0.2%

Value ($000) $534 Shares 65,100 Est. Cost — Unrealized —

VOO VANGUARD INDEX FDS 0.2%

Value ($000) $462 Shares 813 Est. Cost $568.13 Unrealized —

NVDA NVIDIA CORPORATION 0.1%

Value ($000) $321 Shares 2,030 Est. Cost $118.07 Unrealized +6.6%

AAPL APPLE INC 0.1%

Value ($000) $229 Shares 1,116 Est. Cost $221.95 Unrealized -9.3%

TMO THERMO FISHER SCIENTIFIC INC 0.1%

Value ($000) $228 Shares 563 Est. Cost $539.78 Unrealized -22.7%

QVCGA QVC GROUP INC 0.0%

Value ($000) $135 Shares 49,241 Est. Cost $5.74 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UBER	UBER TECHNOLOGIES INC	447,827	$41,782	14.0%	$39.72	+107.2%	COM	90353T100
HII	HUNTINGTON INGALLS INDS INC	116,685	$28,175	9.4%	$191.70	+15.0%	COM	446413106
BTI	BRITISH AMERN TOB PLC	585,777	$27,725	9.3%	$34.91	—	SPONSORED ADR	110448107
LBRDK	LIBERTY BROADBAND CORP	232,827	$22,906	7.7%	$67.03	+25.2%	COM SER C	530307305
PM	PHILIP MORRIS INTL INC	123,982	$22,581	7.6%	$82.83	+102.1%	COM	718172109
BSM	BLACK STONE MINERALS L P	1,577,887	$20,639	6.9%	$13.90	—	COM UNIT	09225M101
SOLV	SOLVENTUM CORP	234,833	$17,810	6.0%	$66.00	+7.3%	COM SHS	83444M101
EPD	ENTERPRISE PRODS PARTNERS L	534,405	$16,572	5.5%	$23.01	—	COM	293792107
TFIN	TRIUMPH FINANCIAL INC	247,580	$13,644	4.6%	$64.77	-14.0%	COM	89679E300
MCK	MCKESSON CORP	18,560	$13,600	4.6%	$174.69	+302.8%	COM	58155Q103
PHG	KONINKLIJKE PHILIPS N V	505,507	$12,122	4.1%	$23.98	—	NY REGIS SHS NEW	500472303
CMCSA	COMCAST CORP NEW	311,414	$11,114	3.7%	$32.32	+4.9%	CL A	20030N101
CNQ	CANADIAN NAT RES LTD	331,125	$10,397	3.5%	$33.01	-9.2%	COM	136385101
INVX	INNOVEX INTERNATIONAL INC	640,625	$10,007	3.3%	$16.35	-6.0%	COM	457651107
IMXI	INTERNATIONAL MNY EXPRESS IN	782,032	$7,891	2.6%	$18.95	-39.8%	COM	46005L101
CACI	CACI INTL INC	12,651	$6,031	2.0%	$443.01	0.0%	CL A	127190304
BRK/B	BERKSHIRE HATHAWAY INC DEL	10,187	$4,949	1.7%	$281.10	+80.7%	CL B NEW	084670702
MUB	ISHARES TR	33,191	$3,468	1.2%	$107.17	—	NATIONAL MUN ETF	464288414
SHV	ISHARES TR	21,872	$2,415	0.8%	$110.51	—	SHORT TREAS BD	464288679
GLD	SPDR GOLD TR	65,100	$841	0.3%	—	—	Call	78463V107
SII	SPROTT INC	11,129	$769	0.3%	$55.52	0.0%	COM NEW	852066208
CAH	CARDINAL HEALTH INC	4,357	$732	0.2%	$51.57	+185.2%	COM	14149Y108
TLT	ISHARES TR	459,700	$723	0.2%	—	—	Put	464287432
SPY	SPDR S&P 500 ETF TR	65,100	$534	0.2%	—	—	Put	78462F103
VOO	VANGUARD INDEX FDS	813	$462	0.2%	$568.13	—	S&P 500 ETF SHS	922908363
NVDA	NVIDIA CORPORATION	2,030	$321	0.1%	$118.07	+6.6%	COM	67066G104
AAPL	APPLE INC	1,116	$229	0.1%	$221.95	-9.3%	COM	037833100
TMO	THERMO FISHER SCIENTIFIC INC	563	$228	0.1%	$539.78	-22.7%	COM	883556102
QVCGA	QVC GROUP INC	49,241	$135	0.0%	$5.74	0.0%	COM SER A NEW	74915M605