Q3 2026 13F · SEC CIK 2008851

Capital Management Associates, Inc

Wealth managerFiled 2026-10-20 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $499.2M
Reported positions: 160
Top holdings a year, 3 yrs: +15.6%
Assets under management: $1.9B

Capital Management Associates, Inc is a wealth manager that reported 160 positions worth $499.2M in its Q3 2026 13F, filed 2026-10-20. Its largest holdings were State Str Spdr S&p 500 ETF T (SPY, 15.7%), Schwab Strategic Tr (SCHB, 10.4%), Vanguard Index Fds (VOO, 10.1%). 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 160 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 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	Q2 2026	Shares	Share change	Reported value
SPYState Str Spdr S&p 500 ETF T	15.7%	15.5%	102,691	-0.3%	$78.3M
SCHBSchwab Strategic Tr	10.4%	10.4%	1,771,568	-1.0%	$51.9M
VOOVanguard Index Fds	10.1%	9.7%	71,814	+2.0%	$50.3M
QQQInvesco Qqq Tr	5.9%	5.8%	39,842	+0.9%	$29.5M
AAPLApple Inc	3.7%	3.3%	55,686	-0.5%	$18.5M
DIASpdr Dow Jones Indl Average	3.0%	3.1%	29,752	+1.7%	$15.1M
HYSPimco 0-5 Year High Yield Corporate Bond	3.0%	2.9%	162,913	+3.9%	$14.7M
CGBLCapital Group Core Balanced	2.5%	2.4%	338,640	+5.8%	$12.4M
VBVanguard Index Fds	2.4%	2.6%	42,861	+0.0%	$12.2M
SIVRAbrdn Silver ETF Trust	2.3%	2.5%	203,358	-9.5%	$11.7M
VUGVanguard Index Fds	2.0%	1.9%	112,242	+3.8%	$10.1M
VBKVanguard Index Fds	1.9%	2.1%	27,352	-4.1%	$9.2M
SGOLEtfs Gold Tr	1.7%	1.8%	215,379	-5.8%	$8.5M
MSFTMicrosoft Corp	1.3%	1.0%	12,936	-1.4%	$6.6M
VOVanguard Index Fds	1.2%	1.3%	78,436	-2.1%	$6.2M
CATCaterpillar Inc	1.2%	1.6%	7,096	-3.0%	$5.8M
MINTPimco Enhanced Short Maturity Active Exc	1.1%	1.1%	56,848	+8.3%	$5.7M
VGTVanguard World Fd	1.1%	0.9%	42,079	+8.3%	$5.3M
BRK-BBerkshire Hathaway Inc Del	0.9%	1.0%	9,435	-1.8%	$4.7M
XELXcel Energy Inc	0.9%	1.1%	65,941	-0.6%	$4.6M
GISGeneral Mills Inc	0.8%	0.9%	123,764	+0.4%	$4.0M
RUNNStrategic Trust	0.8%	0.8%	120,480	+3.6%	$3.9M
AGGIshares Tr	0.8%	1.0%	41,161	-21.6%	$3.9M
CGUSCapital Group Core Equity Et	0.8%	0.8%	86,030	-2.5%	$3.8M
JNJJohnson & Johnson	0.7%	0.6%	12,740	+0.5%	$3.4M
DEDeere & Co	0.6%	0.6%	4,684	-0.0%	$3.1M
AMZNAmazon Com Inc	0.6%	0.6%	11,960	+0.6%	$3.0M
METAMeta Platforms Inc	0.6%	0.4%	3,828	-2.1%	$2.8M
ORCLOracle Corp	0.6%	0.6%	20,072	-1.7%	$2.8M
PSAPublic Storage	0.5%	0.6%	9,645	+5.5%	$2.7M
MUBIshares Tr	0.5%	0.6%	26,874	+4.0%	$2.7M
VHTVanguard World Fd	0.5%	0.5%	8,510	+2.1%	$2.7M
VISVanguard Industrials ETF	0.5%	0.5%	8,227	+14.0%	$2.6M
VCRVanguard Consumer Discretionary ETF	0.5%	0.5%	6,922	+10.7%	$2.5M
UNHUnitedhealth Group Inc	0.5%	0.6%	6,635	-1.5%	$2.4M
CGDVCapital Group Dividend Value	0.5%	0.4%	47,863	+10.0%	$2.3M
VNQVanguard Index Fds	0.5%	0.5%	25,057	-0.8%	$2.2M
GOOGLAlphabet Inc	0.4%	0.5%	6,480	-0.2%	$2.2M
MMM3m Co	0.4%	0.4%	13,244	+0.0%	$2.2M
MRKMerck & Co Inc	0.4%	0.4%	14,482	-2.5%	$2.1M
IJHIshares Tr	0.4%	0.4%	28,265	-0.0%	$2.0M
VVVanguard Index Fds	0.4%	0.4%	5,581	+0.0%	$2.0M
VFHVanguard World Fd	0.4%	0.3%	14,092	+14.3%	$1.8M
KLACKla Corp	0.4%	0.6%	9,300	+0.0%	$1.8M
IVVIshares Tr	0.4%	0.4%	2,364	-0.4%	$1.8M
SCHXSchwab Strategic Tr	0.4%	0.4%	60,226	+0.1%	$1.8M
NVDANvidia Corporation	0.4%	—	7,733	—	$1.8M
EMREmerson Elec Co	0.4%	0.3%	11,299	+0.0%	$1.8M
DGXQuest Diagnostics Inc	0.3%	—	7,300	—	$1.7M
VTVVanguard Index Fds	0.3%	0.3%	7,628	-0.3%	$1.6M

What Capital Management Associates, Inc bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Share counts compared with the Q2 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, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 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
Q3 2026	$499.2M	160
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 Q3 2026 and filed Oct 20, 2026, lists 160 positions worth $499.2M. The largest are State Str Spdr S&p 500 ETF T (SPY) at 15.7%, Schwab Strategic Tr (SCHB) at 10.4%, Vanguard Index Fds (VOO) at 10.1%, Invesco Qqq Tr (QQQ) at 5.9% and Apple Inc (AAPL) at 3.7%.

What did Capital Management Associates, Inc buy last quarter?

In Q3 2026, Capital Management Associates, Inc added Vanguard World Fd (VFH) (+14.3% shares), Vanguard Industrials ETF (VIS) (+14.0% shares) and Vanguard Consumer Discretionary ETF (VCR) (+10.7% shares), compared with its Q2 2026 filing.

What did Capital Management Associates, Inc sell last quarter?

In Q3 2026, Capital Management Associates, Inc cut from its top 50 Applied Matls Inc (AMAT), cut from its top 50 Vanguard Index Fds (VOT), Ishares Tr (AGG) (-21.6% shares), Abrdn Silver ETF Trust (SIVR) (-9.5% shares) and Etfs Gold Tr (SGOL) (-5.8% shares), compared with its Q2 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 Dec 31, 2026 is due by Feb 14, 2027; 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 $499.2M.