Q2 2026 13F · SEC CIK 2008851

Capital Management Associates, Inc

Wealth managerFiled 2026-07-22 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $497.5M
Reported positions: 153
Top holdings a year, 3 yrs: +15.6%
Assets under management: $1.9B

Capital Management Associates, Inc is a wealth manager that reported 153 positions worth $497.5M in its Q2 2026 13F, filed 2026-07-22. Its largest holdings were Spdr S&p 500 ETF Tr (SPY, 15.5%), Schwb US Broad (SCHB, 10.4%), Vanguard S&p 500 ETF (VOO, 9.7%). A portfolio copying its top holdings returned 15.6% a year over the last 3 years, against 18.8% for the S&P 500.

Capital Management Associates, Inc holdings largest 50 of 153 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Capital Management Associates, Inc 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SPYSpdr S&p 500 ETF Tr	15.5%	15.2%	103,045	-0.6%	$77.0M
SCHBSchwb US Broad	10.4%	10.1%	1,789,502	+0.2%	$51.8M
VOOVanguard S&p 500 ETF	9.7%	9.2%	70,396	+3.8%	$48.3M
QQQInvesco Qqq Tr	5.8%	5.2%	39,468	-0.5%	$29.1M
AAPLApple Inc	3.3%	3.1%	55,983	+2.3%	$16.2M
DIAState Street Spdr Dow Jones Industrial A	3.1%	3.0%	29,261	+0.9%	$15.3M
HYSPimco ETF Tr	2.9%	3.4%	156,854	-3.2%	$14.7M
VBVanguard Indx Fd	2.6%	2.5%	42,847	+2.3%	$13.0M
SIVRAbrdn Silver ETF Trust	2.5%	4.4%	224,604	-17.7%	$12.6M
CGBLCapital Group Core Balanced	2.4%	2.3%	320,084	+6.9%	$12.2M
VBKVanguard Small Cap Growth ETF	2.1%	2.1%	28,535	-9.2%	$10.4M
VUGVanguard Indx Fd	1.9%	1.6%	108,116	+556.8%	$9.3M
SGOLEtfs Gold Tr	1.8%	2.6%	228,670	-12.9%	$8.7M
CATCaterpillar Inc Com	1.6%	1.2%	7,312	+1.1%	$7.8M
VOVanguard Index Fds	1.3%	1.3%	80,127	+305.3%	$6.5M
XELXcel Energy Inc	1.1%	1.1%	66,325	+3.6%	$5.3M
MINTPimco ETF Tr	1.1%	1.2%	52,501	+2.1%	$5.3M
AGGIshares Tr	1.0%	1.2%	52,527	+0.3%	$5.2M
MSFTMicrosoft Corp	1.0%	0.9%	13,123	+27.2%	$4.9M
BRK-BBerkshire Hathaway Inc Del	1.0%	1.1%	9,608	-1.2%	$4.8M
VGTVanguard Info Tech	0.9%	0.6%	38,870	+955.4%	$4.6M
GISGeneral Mills Inc	0.9%	1.1%	123,249	-5.6%	$4.3M
CGUSCapital Group Core Equity Et	0.8%	0.8%	88,225	-5.8%	$3.9M
RUNNStrategic Trust	0.8%	0.8%	116,288	+1.7%	$3.8M
JNJJohnson & Johnson	0.6%	0.6%	12,672	+14.0%	$3.2M
ORCLOracle Corp	0.6%	0.7%	20,415	+0.6%	$3.0M
DEDeere & Co Com	0.6%	0.6%	4,685	+0.0%	$3.0M
PSAPublic Storage	0.6%	0.5%	9,146	+13.0%	$2.9M
AMZNAmazon Com Inc Com	0.6%	0.5%	11,887	+14.9%	$2.8M
KLACKla Corp	0.6%	—	9,300	—	$2.8M
UNHUnitedhealth Group Inc Com	0.6%	0.4%	6,738	-0.3%	$2.8M
MUBIshares National Muni Bond ETF	0.6%	0.6%	25,834	+1.0%	$2.8M
VISVanguard World Fd	0.5%	0.5%	7,214	+9.8%	$2.6M
VHTVanguard Health Care ETF	0.5%	0.5%	8,337	+6.4%	$2.5M
VCRVanguard World Fd	0.5%	0.5%	6,254	+10.1%	$2.5M
VNQVanguard Real Estate ETF	0.5%	0.5%	25,257	+0.0%	$2.4M
GOOGLAlphabet Inc	0.5%	0.4%	6,495	+20.1%	$2.3M
METAMeta Platforms Inc Class A	0.4%	0.5%	3,912	+12.5%	$2.2M
IJHIshares Tr	0.4%	0.4%	28,275	-0.1%	$2.2M
CGDVCapital Group Dividend Value ETF	0.4%	0.4%	43,522	+5.4%	$2.1M
MMM3m Co Com	0.4%	0.4%	13,244	+2.3%	$2.1M
VVVanguard Inx Lrg	0.4%	0.4%	5,581	+0.0%	$1.9M
MRKMerck & Co. Inc	0.4%	0.4%	14,854	+0.5%	$1.9M
IVVIshares Core S&p 500 ETF	0.4%	0.4%	2,374	-0.5%	$1.8M
SCHXSchwab Stratgc Tr	0.4%	0.3%	60,180	+0.1%	$1.8M
AMATApplied Matls Inc	0.3%	—	2,369	—	$1.7M
VTVVanguard Value ETF	0.3%	0.3%	7,654	-0.1%	$1.7M
VOTVanguard Index Fds	0.3%	—	5,443	—	$1.7M
VFHVanguard Financials ETF	0.3%	—	12,329	—	$1.6M
EMREmerson Elec Co Com	0.3%	0.3%	11,297	+0.0%	$1.6M

What Capital Management Associates, Inc bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

VGT Vanguard Info Tech+955.4% shares
VUG Vanguard Indx Fd+556.8% shares
VO Vanguard Index Fds+305.3% shares
MSFT Microsoft Corp+27.2% shares
GOOGL Alphabet Inc+20.1% shares
AMZN Amazon Com Inc Com+14.9% shares
JNJ Johnson & Johnson+14.0% shares
PSA Public Storage+13.0% shares

Reduced

SIVR Abrdn Silver ETF Trust-17.7% shares
SGOL Etfs Gold Tr-12.9% shares
VBK Vanguard Small Cap Growth ETF-9.2% shares
CGUS Capital Group Core Equity Et-5.8% shares
GIS General Mills Inc-5.6% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +18.6% /yr; S&P 500 +20.1%
3 years: +15.6% /yr; S&P 500 +18.8%
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$497.5M	153
Q1 2026	$442.3M	151
Q4 2025	$452.3M	156
Q3 2025	$370.0M	140
Q2 2025	$315.7M	115
Q1 2025	$441.6M	129
Q4 2024	$266.8M	104
Q3 2024	$244.8M	107
Q2 2024	$165.2M	77
Q1 2024	$135.7M	78
Q4 2023	$169.8M	83

Questions about Capital Management Associates, Inc's portfolio

What stocks does Capital Management Associates, Inc own?

Capital Management Associates, Inc's latest 13F, for Q2 2026 and filed Jul 22, 2026, lists 153 positions worth $497.5M. The largest are Spdr S&p 500 ETF Tr (SPY) at 15.5%, Schwb US Broad (SCHB) at 10.4%, Vanguard S&p 500 ETF (VOO) at 9.7%, Invesco Qqq Tr (QQQ) at 5.8% and Apple Inc (AAPL) at 3.3%.

What did Capital Management Associates, Inc buy last quarter?

In Q2 2026, Capital Management Associates, Inc added Vanguard Info Tech (VGT) (+955.4% shares), Vanguard Indx Fd (VUG) (+556.8% shares) and Vanguard Index Fds (VO) (+305.3% shares), compared with its Q1 2026 filing.

What did Capital Management Associates, Inc sell last quarter?

In Q2 2026, Capital Management Associates, Inc cut from its top 50 Nvidia Corporation Com (NVDA), cut from its top 50 Ecolab Inc (ECL), cut from its top 50 Darden Restaurants Inc Com (DRI), cut from its top 50 Schwab Strategic Tr (SCHZ), Abrdn Silver ETF Trust (SIVR) (-17.7% shares), Etfs Gold Tr (SGOL) (-12.9% shares) and Vanguard Small Cap Growth ETF (VBK) (-9.2% shares), compared with its Q1 2026 filing.

How has Capital Management Associates, Inc's portfolio performed?

A portfolio copying Capital Management Associates, Inc's 20 largest 13F holdings each quarter, from the day each filing was public, returned +15.6% a year over the last 3 years, against +18.8% for the S&P 500. Over 1 year: +18.6% against +20.1%.

When is Capital Management Associates, Inc's next 13F filing due?

13F filings are due 45 days after each quarter ends. Capital Management Associates, Inc's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Capital Management Associates, Inc manage?

Capital Management Associates, Inc reported $1.9B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $497.5M.