Latest Capital Management Associates, Inc Stock Portfolio

Capital Management Associates, Inc Performance:

2025 Q4: 2.74%YTD: 14.02%2024: -98.96%

Performance for 2025 Q4 is 2.74%, and YTD is 14.02%, and 2024 is -98.96%.

About Capital Management Associates, Inc and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Capital Management Associates, Inc reported an equity portfolio of $452.3 Millions as of 31 Dec, 2025.

The top stock holdings of Capital Management Associates, Inc are SPY, FNDA, VB. The fund has invested 14.2% of it's portfolio in SPDR S&P 500 ETF TR and 10.3% of portfolio in SCHWAB STRATEGIC TR.

The fund managers got completely rid off EATON CORP PLC (ETN), NOVO-NORDISK A S and RTX CORPORATION (RTX) stocks. They significantly reduced their stock positions in SPDR GOLD TR (GLD), GENERAL MLS INC (GIS) and WELLS FARGO CO NEW (WFC). Capital Management Associates, Inc opened new stock positions in CAPITAL GROUP DIVIDEND VALUE (CGDV), ECOLAB INC (ECL) and QUEST DIAGNOSTICS INC (DGX). The fund showed a lot of confidence in some stocks as they added substantially to ORACLE CORP (ORCL), EMERSON ELEC CO (EMR) and KIMBERLY-CLARK CORP (KMB).

Capital Management Associates, Inc Annual Return Estimates Vs S&P 500

Our best estimate is that Capital Management Associates, Inc made a return of 2.74% in the last quarter. In trailing 12 months, it's portfolio return was 14.02%.

Performance
S&P 500

New Buys

Ticker	$ Bought
capital group dividend value	1,672,440
ecolab inc	1,459,990
quest diagnostics inc	1,023,830
vanguard index fds	982,573
ishares tr	581,517
ishares tr	474,943
cisco sys inc	422,124
goldman sachs etf tr	393,668

New stocks bought by Capital Management Associates, Inc

Additions

Ticker	% Inc.
oracle corp	1,498
emerson elec co	375
kimberly-clark corp	333
ishares tr	162
select sector spdr tr	154
berkshire hathaway inc del	141
capital grp fixed incm etf t	127
vanguard world fd	112

Additions to existing portfolio by Capital Management Associates, Inc

Reductions

Ticker	% Reduced
spdr gold tr	-48.36
general mls inc	-48.08
wells fargo co new	-43.65
jpmorgan chase & co.	-34.6
apple inc	-21.38
us bancorp del	-19.56
mcdonalds corp	-18.25
schwab strategic tr	-17.48

Capital Management Associates, Inc reduced stake in above stock

Sold off

Ticker	$ Sold
bumble inc	-105,662
novo-nordisk a s	-300,201
tilray brands inc	-40,089
pepsico inc	-269,424
rtx corporation	-285,803
eaton corp plc	-619,758
honeywell intl inc	-229,673
home depot inc	-215,708

Capital Management Associates, Inc got rid off the above stocks

Sector Distribution

Capital Management Associates, Inc has about 78.7% of it's holdings in Others sector.

Sector	%
Others	78.7
Technology	6.5
Consumer Defensive	3.3
Industrials	3.1
Healthcare	2.3
Consumer Cyclical	1.3
Utilities	1.2
Communication Services	1.2

Market Cap. Distribution

Capital Management Associates, Inc has about 20.7% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	78.7
LARGE-CAP	10.9
MEGA-CAP	9.8

Stocks belong to which Index?

About 20.1% of the stocks held by Capital Management Associates, Inc either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	79.8
S&P 500	20.1

Top 5 Winners (%)		%
HL	hecla mng co	58.6 %
SLV	ishares silver tr	52.0 %
SIVR	abrdn silver etf trust	51.9 %
LLY	eli lilly & co	39.9 %
AG	first majestic silver corp	35.6 %

Top 5 Winners ($)		$
SIVR	abrdn silver etf trust	7.1 M
SGOL	etfs gold tr	1.2 M
SPY	spdr s&p 500 etf tr	1.2 M
AAPL	apple inc	1.1 M
FNDA	schwab strategic tr	0.9 M

Top 5 Losers (%)		%
XLB	select sector spdr tr	-43.8 %
XLB	select sector spdr tr	-40.0 %
ORCL	oracle corp	-19.1 %
FAST	fastenal co	-18.2 %
KMB	kimberly-clark corp	-12.5 %

Top 5 Losers ($)		$
GIS	general mls inc	-1.4 M
ORCL	oracle corp	-0.9 M
XEL	xcel energy inc	-0.4 M
MSFT	microsoft corp	-0.4 M
XLB	select sector spdr tr	-0.3 M

Capital Management Associates, Inc Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Capital Management Associates, Inc

Capital Management Associates, Inc has 156 stocks in it's portfolio. About 57.7% of the portfolio is in top 10 stocks. GIS proved to be the most loss making stock for the portfolio. SIVR was the most profitable stock for Capital Management Associates, Inc last quarter.

Last Reported on: 21 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	3.29	54,798	14,897,500	reduced	-21.38

AAXJ	ishares tr	0.60	25,387	2,719,240	added	5.59

AAXJ	ishares tr	0.05	2,523	242,914	new

ABBV	abbvie inc	0.07	1,315	300,522	unchanged	0.00

ACWF	ishares tr	0.13	12,495	581,517	new

AG	first majestic silver corp	0.15	40,255	670,648	unchanged	0.00

AGT	ishares tr	0.09	4,205	399,853	added	31.2

AMAT	applied matls inc	0.15	2,744	658,884	added	0.11

AMD	advanced micro devices inc	0.06	1,251	267,914	added	0.08

AMGN	amgen inc	0.06	846	276,904	new

AMZN	amazon com inc	0.52	10,202	2,354,910	added	13.95

ANET	arista networks inc	0.05	1,575	206,372	unchanged	0.00

BGRN	ishares tr	0.06	6,797	254,174	new

BIL	spdr series trust	0.22	17,064	988,162	added	0.37

BIL	spdr series trust	0.21	9,032	963,677	added	16.11

BIL	spdr series trust	0.17	26,880	787,046	added	59.24

BIL	spdr series trust	0.05	900	217,116	unchanged	0.00

BMBL	bumble inc	0.00	0.00	0.00	sold off	-100

BMY	bristol-myers squibb co	0.05	4,444	239,709	unchanged	0.00

BNDW	vanguard scottsdale fds	0.07	3,568	298,820	new