# Capital Management Associates, Inc

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2008851. Source: https://holderbook.com/funds/2008851-capital-management-associates-inc/

- Reported value: $497.5M
- Positions: 153
- Weight of the ten largest: 58.3%
- Filed: 2026-07-22

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $77.0M | 103,045 | 15.5% | 11 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $51.8M | 1,789,502 | 10.4% | 8 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $48.3M | 70,396 | 9.7% | 11 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $29.1M | 39,468 | 5.8% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $16.2M | 55,983 | 3.3% | 11 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $15.3M | 29,261 | 3.1% | 11 |
| PIMCO ETF TR | [HYS](https://holderbook.com/stocks/HYS/) | $14.7M | 156,854 | 2.9% | 11 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $13.0M | 42,847 | 2.6% | 11 |
| ABRDN SILVER ETF TRUST | [SIVR](https://holderbook.com/stocks/SIVR/) | $12.6M | 224,604 | 2.5% | 11 |
| CAPITAL GROUP CORE BALANCED | [CGBL](https://holderbook.com/stocks/CGBL/) | $12.2M | 320,084 | 2.4% | 8 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $10.4M | 28,535 | 2.1% | 7 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $9.3M | 108,116 | 1.9% | 11 |
| ETFS GOLD TR | [SGOL](https://holderbook.com/stocks/SGOL/) | $8.7M | 228,670 | 1.8% | 11 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $7.8M | 7,312 | 1.6% | 11 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $6.5M | 80,127 | 1.3% | 11 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $5.3M | 66,325 | 1.1% | 8 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $5.3M | 52,501 | 1.1% | 11 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $5.2M | 52,527 | 1.0% | 9 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.9M | 13,123 | 1.0% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.8M | 9,608 | 1.0% | 11 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $4.6M | 38,870 | 0.9% | 5 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $4.3M | 123,249 | 0.9% | 5 |
| CAPITAL GROUP CORE EQUITY ET | [CGUS](https://holderbook.com/stocks/CGUS/) | $3.9M | 88,225 | 0.8% | 9 |
| STRATEGIC TRUST | [RUNN](https://holderbook.com/stocks/RUNN/) | $3.8M | 116,288 | 0.8% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.2M | 12,672 | 0.6% | 11 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $3.0M | 20,415 | 0.6% | 4 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $3.0M | 4,685 | 0.6% | 11 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $2.9M | 9,146 | 0.6% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.8M | 11,887 | 0.6% | 11 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $2.8M | 9,300 | 0.6% | 5 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.8M | 6,738 | 0.6% | 5 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $2.8M | 25,834 | 0.6% | 8 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $2.6M | 7,214 | 0.5% | 5 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $2.5M | 8,337 | 0.5% | 11 |
| VANGUARD WORLD FD | [VCR](https://holderbook.com/stocks/VCR/) | $2.5M | 6,254 | 0.5% | 5 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $2.4M | 25,257 | 0.5% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.3M | 6,495 | 0.5% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.2M | 3,912 | 0.4% | 11 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $2.2M | 28,275 | 0.4% | 11 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $2.1M | 43,522 | 0.4% | 3 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $2.1M | 13,244 | 0.4% | 9 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $1.9M | 5,581 | 0.4% | 11 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.9M | 14,854 | 0.4% | 5 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.8M | 2,374 | 0.4% | 11 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $1.8M | 60,180 | 0.4% | 8 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.7M | 2,369 | 0.3% | 11 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.7M | 7,654 | 0.3% | 11 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $1.7M | 5,443 | 0.3% | 3 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $1.6M | 12,329 | 0.3% | 5 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $1.6M | 11,297 | 0.3% | 6 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $1.5M | 5,554 | 0.3% | 3 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $1.5M | 7,300 | 0.3% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.5M | 7,659 | 0.3% | 11 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.5M | 4,052 | 0.3% | 8 |
| DARDEN RESTAURANTS INC | [DRI](https://holderbook.com/stocks/DRI/) | $1.5M | 7,058 | 0.3% | 5 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.4M | 4,037 | 0.3% | 11 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $1.4M | 59,891 | 0.3% | 8 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.4M | 9,141 | 0.3% | 11 |
| CAPITAL GROUP GROWTH ETF | [CGGR](https://holderbook.com/stocks/CGGR/) | $1.3M | 28,089 | 0.3% | 9 |
| INVESCO EXCHANGE TRADED FD T | [RSPR](https://holderbook.com/stocks/RSPR/) | $1.3M | 36,125 | 0.3% | 7 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $1.2M | 10,233 | 0.2% | 8 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $1.2M | 17,194 | 0.2% | 8 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.1M | 16,112 | 0.2% | 11 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $1.1M | 13,877 | 0.2% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.1M | 3,325 | 0.2% | 11 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $979.5K | 4,140 | 0.2% | 11 |
| CAPITAL GRP FIXED INCM ETF T | [CGCB](https://holderbook.com/stocks/CGCB/) | $949.1K | 36,252 | 0.2% | 4 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $903.7K | 8,233 | 0.2% | 5 |
| ISHARES TR | [ILCB](https://holderbook.com/stocks/ILCB/) | $869.3K | 8,387 | 0.2% | 11 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $862.9K | 1,351 | 0.2% | 1 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $854.2K | 11,298 | 0.2% | 11 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $833.9K | 3,085 | 0.2% | 11 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $832.4K | 1,743 | 0.2% | 2 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $801.2K | 9,645 | 0.2% | 11 |
| SPDR SERIES TRUST | [SPTS](https://holderbook.com/stocks/SPTS/) | $779.8K | 26,880 | 0.2% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $770.9K | 12,914 | 0.2% | 11 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $733.7K | 23,138 | 0.1% | 11 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $727.7K | 1,947 | 0.1% | 11 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $716.2K | 6,490 | 0.1% | 2 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $714.6K | 6,125 | 0.1% | 8 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $704.4K | 11,662 | 0.1% | 11 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $703.4K | 6,210 | 0.1% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $701.9K | 5,976 | 0.1% | 3 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $686.4K | 7,444 | 0.1% | 1 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $683.7K | 18,924 | 0.1% | 8 |
| CAPITAL GRP FIXED INCM ETF T | [CGMU](https://holderbook.com/stocks/CGMU/) | $676.1K | 24,611 | 0.1% | 4 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $668.1K | 15,654 | 0.1% | 11 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $645.4K | 2,260 | 0.1% | 11 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $641.5K | 546 | 0.1% | 6 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $625.1K | 4,786 | 0.1% | 8 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $607.3K | 4,142 | 0.1% | 7 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $579.7K | 1,700 | 0.1% | 4 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $575.1K | 7,076 | 0.1% | 5 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $572.0K | 6,947 | 0.1% | 11 |
| NNN REIT INC | [NNN](https://holderbook.com/stocks/NNN/) | $569.5K | 12,239 | 0.1% | 11 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $567.4K | 6,058 | 0.1% | 11 |
| TORO CO | [TTC](https://holderbook.com/stocks/TTC/) | $553.4K | 5,681 | 0.1% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $545.1K | 1,296 | 0.1% | 4 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $545.0K | 454 | 0.1% | 11 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $522.3K | 1,017 | 0.1% | 11 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.7% | +14.8% | -3.1% | 100% |
| Q1 2026 | -3.0% | -4.6% | +1.7% | 100% |
| Q4 2025 | +3.5% | +2.4% | +1.2% | 100% |
| Q3 2025 | +7.7% | +7.8% | -0.2% | 100% |
| Q2 2025 | +8.2% | +10.5% | -2.3% | 100% |
| Q1 2025 | -2.7% | -4.6% | +1.8% | 100% |
| Q4 2024 | -0.2% | +2.1% | -2.4% | 100% |
| Q3 2024 | +6.9% | +5.4% | +1.4% | 100% |

## Quarter by quarter

| Quarter | 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 | $135.8M | 82 |
| Q4 2023 | $169.8M | 83 |