CAPITAL MANAGEMENT ASSOCIATES INC
Q2 2026 Form 13-F
MINNEAPOLIS, MINNESOTA
CIK 0002008851
· CRD 105010
· SEC-registered investment adviser
$497.5M Reported Value Total
CAPITAL MANAGEMENT ASSOCIATES INC reports 931 total accounts under management (AUM). There are 514 discretionary accounts valued at $784,825,800, and 417 non-discretionary accounts valued at $1,094,626,539.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-03-17
Reported value
$497.5M
Quarter over quarter
+11.3%
Holdings
153
Top-10 concentration
58.3%
Key People
Form ADV owners & control persons
Thomas Alfred Luing
PRESIDENT
Gregory Alan Stroh
CHIEF EXECUTIVE OFFICER, CHAIRMAN
Melissa Leah Glennie
CHIEF COMPLIANCE OFFICER/CFO, COO
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Q2 2026 13F record
Q2 2026 13F filing summary
| Period of report | June 30, 2026 |
|---|---|
| Filed | July 22, 2026 |
| Form | 13F-HR |
| Reported value | $497.5M |
| Positions | 153 |
| Change in reported value | +12.5% |
| New positions | 16 |
| Exited positions | 14 |
| Position turnover | 18.0% |
| Top-10 concentration | 58.3% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 20, 2026
|
160 | $499.2M |
|
Q2 2026 13F
Filed Jul 22, 2026
|
153 | $497.5M |
|
Q1 2026 13F
Filed Apr 23, 2026
|
151 | $442.3M |
|
Q4 2025 13F
Filed Jan 21, 2026
|
156 | $452.3M |
|
Q3 2025 13F
Filed Oct 22, 2025
|
140 | $370.0M |
|
Q2 2025 13F
Filed Jul 23, 2025
|
115 | $315.7M |
|
Q1 2025 13F
Filed Apr 30, 2025
|
129 | $441.6M |
|
Q4 2024 13F
Filed Jan 28, 2025
|
104 | $266.8M |
|
Q3 2024 13F
Filed Oct 23, 2024
|
107 | $244.8M |
|
Q2 2024 13F
Filed Aug 1, 2024
|
77 | $165.2M |
|
Q1 2024 13F
Filed May 3, 2024
|
78 | $135.8M |
|
Q4 2023 13F
Filed Jan 25, 2024
|
83 | $169.8M |
Top 20 holdings · Q2 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | SPY STATE STR SPDR S&P 500 ETF T | $77.0M | 15.47% |
| 2 | SCHB SCHWAB STRATEGIC TR | $51.8M | 10.42% |
| 3 | VOO VANGUARD INDEX FDS | $48.3M | 9.72% |
| 4 | QQQ INVESCO QQQ TR | $29.1M | 5.84% |
| 5 | AAPL APPLE INC | $16.2M | 3.26% |
| 6 | DIA STATE STR SPDR DOW JONES IND | $15.3M | 3.07% |
| 7 | HYS PIMCO ETF TR | $14.7M | 2.95% |
| 8 | VB VANGUARD INDEX FDS | $13.0M | 2.61% |
| 9 | SIVR ABRDN SILVER ETF TRUST | $12.6M | 2.54% |
| 10 | CGBL CAPITAL GROUP CORE BALANCED | $12.2M | 2.44% |
| 11 | VBK VANGUARD INDEX FDS | $10.4M | 2.1% |
| 12 | VUG VANGUARD INDEX FDS | $9.3M | 1.87% |
| 13 | SGOL ETFS GOLD TR | $8.7M | 1.76% |
| 14 | CAT CATERPILLAR INC | $7.8M | 1.57% |
| 15 | VO VANGUARD INDEX FDS | $6.5M | 1.3% |
| 16 | XEL XCEL ENERGY INC | $5.3M | 1.07% |
| 17 | MINT PIMCO ETF TR | $5.3M | 1.06% |
| 18 | AGG ISHARES TR | $5.2M | 1.05% |
| 19 | MSFT MICROSOFT CORP | $4.9M | 0.98% |
| 20 | BRK-B BERKSHIRE HATHAWAY INC DEL | $4.8M | 0.97% |
Values as reported on the Q2 2026 Form 13F. Every position is in the holdings table below.