INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

Capital Management Associates, Inc's Holding History (CIK: 0002008851)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,447 Value ($000) $429 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 1,447 Value ($000) $408 Avg Close $259.55 Range $232.08 - $292.01

Q4 2024

Shares 940 Value ($000) $207 Avg Close $216.31 Range $196.83 - $233.32

Q3 2024

Shares 940 Value ($000) $208 Avg Close $188.97 Range $166.24 - $216.80

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,447	$429	$298.78	$262.11 - $324.90
Q3 2025	1,447	$408	$259.55	$232.08 - $292.01
Q4 2024	940	$207	$216.31	$196.83 - $233.32
Q3 2024	940	$208	$188.97	$166.24 - $216.80