13F HOLDINGS REPORT
Capital Management Associates, Inc
Quarter ended Q4 2025 · Filed January 21, 2026 · Accession 0002008851-26-000001
Total Value
$452.3M
Positions
171
Other Managers
0
Confidential Omitted
No
Holdings (171)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 94,001 | $64.1M | 14.17% |
| 2 | SCHWAB STRATEGIC TR | 808524102 | 1,779,549 | $46.7M | 10.32% |
| 3 | VANGUARD INDEX FDS | 922908363 | 64,592 | $40.5M | 8.96% |
| 4 | INVESCO QQQ TR | IVZ | 39,600 | $24.3M | 5.38% |
| 5 | ABRDN SILVER ETF TRUST | SIVR | 305,697 | $20.7M | 4.57% |
| 6 | APPLE INC | AAPL | 54,283 | $14.8M | 3.26% |
| 7 | PIMCO ETF TR | 72201R783 | 147,718 | $14.0M | 3.10% |
| 8 | SPDR DOW JONES INDL AVERAGE | 78467X109 | 26,277 | $12.6M | 2.79% |
| 9 | ETFS GOLD TR | 00326A104 | 284,253 | $11.7M | 2.58% |
| 10 | GENERAL MLS INC | 370334104 | 244,142 | $11.4M | 2.51% |
| 11 | VANGUARD INDEX FDS | 922908751 | 41,414 | $10.7M | 2.36% |
| 12 | VANGUARD INDEX FDS | 922908595 | 31,850 | $9.6M | 2.13% |
| 13 | CAPITAL GROUP CORE BALANCED | 14021D107 | 270,608 | $9.6M | 2.11% |
| 14 | VANGUARD INDEX FDS | 922908736 | 15,627 | $7.6M | 1.69% |
| 15 | VANGUARD INDEX FDS | 922908629 | 21,250 | $6.2M | 1.36% |
| 16 | ISHARES TR | 464287226 | 56,679 | $5.7M | 1.25% |
| 17 | MICROSOFT CORP | MSFT | 9,883 | $4.8M | 1.06% |
| 18 | XCEL ENERGY INC | XELLL | 63,435 | $4.7M | 1.04% |
| 19 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 8,886 | $4.5M | 0.99% |
| 20 | PIMCO ETF TR | 72201R833 | 42,568 | $4.3M | 0.94% |
| 21 | CATERPILLAR INC | CAT | 7,088 | $4.1M | 0.90% |
| 22 | ORACLE CORP | ORCL-PD | 19,932 | $3.9M | 0.86% |
| 23 | STRATEGIC TRUST | 48817R870 | 115,819 | $3.9M | 0.85% |
| 24 | CAPITAL GROUP CORE EQUITY ET | 14020V108 | 93,670 | $3.8M | 0.83% |
| 25 | ISHARES TR | 464287200 | 4,344 | $3.0M | 0.66% |
| 26 | ISHARES TR | 464288414 | 25,387 | $2.7M | 0.60% |
| 27 | VANGUARD WORLD FD | 92204A702 | 3,388 | $2.6M | 0.56% |
| 28 | AMAZON COM INC | AMZN | 10,202 | $2.4M | 0.52% |
| 29 | JOHNSON & JOHNSON | JNJ | 11,206 | $2.3M | 0.51% |
| 30 | VANGUARD INDEX FDS | 922908553 | 25,687 | $2.3M | 0.50% |
| 31 | META PLATFORMS INC | META | 3,395 | $2.2M | 0.50% |
| 32 | DEERE & CO | DE | 4,670 | $2.2M | 0.48% |
| 33 | ISHARES TR | 464287507 | 32,559 | $2.1M | 0.48% |
| 34 | UNITEDHEALTH GROUP INC | UNH | 6,487 | $2.1M | 0.47% |
| 35 | 3M CO | MMM | 13,278 | $2.1M | 0.47% |
| 36 | PUBLIC STORAGE OPER CO | PSA-PS | 7,920 | $2.1M | 0.45% |
| 37 | VANGUARD WORLD FD | 92204A108 | 5,156 | $2.0M | 0.45% |
| 38 | VANGUARD WORLD FD | 92204A504 | 6,534 | $1.9M | 0.42% |
| 39 | VANGUARD WORLD FD | 92204A603 | 6,050 | $1.8M | 0.40% |
| 40 | VANGUARD INDEX FDS | 922908637 | 5,581 | $1.8M | 0.39% |
| 41 | NVIDIA CORPORATION | NVDA | 9,155 | $1.7M | 0.38% |
| 42 | CAPITAL GROUP DIVIDEND VALUE | 14020W106 | 38,324 | $1.7M | 0.37% |
| 43 | SCHWAB STRATEGIC TR | 808524201 | 60,088 | $1.6M | 0.36% |
| 44 | ALPHABET INC | GOOG | 4,831 | $1.5M | 0.34% |
| 45 | EMERSON ELEC CO | EMR | 11,339 | $1.5M | 0.33% |
| 46 | BOSTON SCIENTIFIC CORP | BSX | 15,654 | $1.5M | 0.33% |
| 47 | VANGUARD INDEX FDS | 922908744 | 7,650 | $1.5M | 0.32% |
| 48 | ECOLAB INC | ECL | 5,561 | $1.5M | 0.32% |
| 49 | MERCK & CO INC | MRK | 13,780 | $1.5M | 0.32% |
| 50 | ALPHABET INC | GOOG | 4,422 | $1.4M | 0.31% |
| 51 | SCHWAB STRATEGIC TR | 808524839 | 58,870 | $1.4M | 0.30% |
| 52 | NNN REIT INC | NNN | 34,707 | $1.4M | 0.30% |
| 53 | VANGUARD INDEX FDS | 922908769 | 4,027 | $1.4M | 0.30% |
| 54 | WORLD GOLD TR | GLDW | 15,247 | $1.3M | 0.29% |
| 55 | DARDEN RESTAURANTS INC | DRI | 7,058 | $1.3M | 0.29% |
| 56 | CAPITAL GROUP GROWTH ETF | 14020G101 | 27,878 | $1.2M | 0.27% |
| 57 | VANGUARD WORLD FD | 92204A405 | 9,241 | $1.2M | 0.27% |
| 58 | VANGUARD TAX-MANAGED FDS | 921943858 | 19,616 | $1.2M | 0.27% |
| 59 | INVESCO EXCHANGE TRADED FD T | IVZ | 36,125 | $1.2M | 0.27% |
| 60 | DELTA AIR LINES INC DEL | DAL | 16,580 | $1.2M | 0.25% |
| 61 | ISHARES TR | 464287804 | 9,495 | $1.1M | 0.25% |
| 62 | PALANTIR TECHNOLOGIES INC | PLTR | 6,231 | $1.1M | 0.24% |
| 63 | QUEST DIAGNOSTICS INC | DGX | 5,900 | $1.0M | 0.23% |
| 64 | SPDR SERIES TRUST | 78464A847 | 17,064 | $988,162 | 0.22% |
| 65 | VANGUARD INDEX FDS | 922908538 | 3,520 | $982,573 | 0.22% |
| 66 | MCDONALDS CORP | MCD | 3,175 | $970,441 | 0.21% |
| 67 | SPDR SERIES TRUST | 78464A409 | 9,032 | $963,677 | 0.21% |
| 68 | GRACO INC | GGG | 11,401 | $934,540 | 0.21% |
| 69 | VANGUARD SPECIALIZED FUNDS | 921908844 | 4,245 | $932,939 | 0.21% |
| 70 | JPMORGAN CHASE & CO. | VYLD | 2,695 | $868,542 | 0.19% |
| 71 | CAPITAL GRP FIXED INCM ETF T | 14020Y508 | 32,555 | $863,368 | 0.19% |
| 72 | ISHARES TR | 464287127 | 8,669 | $818,195 | 0.18% |
| 73 | SPDR SERIES TRUST | 78468R101 | 26,880 | $787,046 | 0.17% |
| 74 | KIMBERLY-CLARK CORP | KMB | 7,455 | $752,135 | 0.17% |
| 75 | VANGUARD INTL EQUITY INDEX F | 922042858 | 13,152 | $707,026 | 0.16% |
| 76 | ISHARES TR | 464287465 | 7,334 | $704,306 | 0.16% |
| 77 | SCHWAB STRATEGIC TR | 808524797 | 24,581 | $674,269 | 0.15% |
| 78 | FIRST MAJESTIC SILVER CORP | AG | 40,255 | $670,648 | 0.15% |
| 79 | APPLIED MATLS INC | 038222105 | 2,744 | $658,884 | 0.15% |
| 80 | US BANCORP DEL | USB-PS | 12,282 | $643,581 | 0.14% |
| 81 | GE AEROSPACE | 369604301 | 2,052 | $632,078 | 0.14% |
| 82 | SELECT SECTOR SPDR TR | 81369Y308 | 7,896 | $613,393 | 0.14% |
| 83 | KLA CORP | KLAC | 500 | $607,540 | 0.13% |
| 84 | PROCTER AND GAMBLE CO | 742718109 | 4,138 | $597,777 | 0.13% |
| 85 | MONDELEZ INTL INC | 609207105 | 10,939 | $588,838 | 0.13% |
| 86 | ISHARES TR | 46434V613 | 12,495 | $581,517 | 0.13% |
| 87 | MASTERCARD INCORPORATED | MA | 1,017 | $580,585 | 0.13% |
| 88 | MEDTRONIC PLC | MDT | 5,989 | $575,303 | 0.13% |
| 89 | WASTE MGMT INC DEL | 94106L109 | 2,519 | $553,456 | 0.12% |
| 90 | CAPITAL GRP FIXED INCM ETF T | 14020Y201 | 20,191 | $552,837 | 0.12% |
| 91 | SCHWAB STRATEGIC TR | 808524607 | 18,846 | $536,722 | 0.12% |
| 92 | DIMENSIONAL ETF TRUST | 25434V500 | 7,374 | $513,747 | 0.11% |
| 93 | FIDELITY COVINGTON TRUST | 316092808 | 2,260 | $507,754 | 0.11% |
| 94 | SELECT SECTOR SPDR TR | 81369Y803 | 3,488 | $502,167 | 0.11% |
| 95 | DUKE ENERGY CORP NEW | DUKB | 4,215 | $494,000 | 0.11% |
| 96 | ISHARES TR | 46432F842 | 5,309 | $474,943 | 0.11% |
| 97 | TARGET CORP | TGT | 4,754 | $464,704 | 0.10% |
| 98 | ELI LILLY & CO | LLY | 417 | $448,223 | 0.10% |
| 99 | TORO CO | TORO | 5,681 | $447,208 | 0.10% |
| 100 | ISHARES TR | 464287614 | 944 | $446,795 | 0.10% |
| 101 | WALMART INC | WMT | 3,937 | $438,654 | 0.10% |
| 102 | PRICE T ROWE GROUP INC | TROW | 4,201 | $430,133 | 0.10% |
| 103 | INTERNATIONAL BUSINESS MACHS | INTR | 1,447 | $428,616 | 0.09% |
| 104 | SPDR GOLD TR | GLD | 1,056 | $418,503 | 0.09% |
| 105 | CISCO SYS INC | CSCO | 5,214 | $401,634 | 0.09% |
| 106 | ISHARES TR | 46435G516 | 4,205 | $399,853 | 0.09% |
| 107 | GOLDMAN SACHS ETF TR | NVGLF | 2,974 | $393,668 | 0.09% |
| 108 | WELLS FARGO CO NEW | 949746101 | 4,183 | $389,856 | 0.09% |
| 109 | SELECT SECTOR SPDR TR | 81369Y852 | 3,265 | $384,356 | 0.08% |
| 110 | FASTENAL CO | FAST | 9,403 | $377,337 | 0.08% |
| 111 | GE VERNOVA INC | GEV | 575 | $375,803 | 0.08% |
| 112 | NUSHARES ETF TR | NU | 8,386 | $374,442 | 0.08% |
| 113 | ISHARES SILVER TR | SLV | 5,650 | $363,973 | 0.08% |
| 114 | VISA INC | V | 1,035 | $362,967 | 0.08% |
| 115 | SCHWAB CHARLES CORP | SCHW-PJ | 3,607 | $360,395 | 0.08% |
| 116 | CAPITAL ONE FINL CORP | 14040H105 | 1,411 | $341,970 | 0.08% |
| 117 | SELECT SECTOR SPDR TR | 81369Y886 | 7,878 | $336,299 | 0.07% |
| 118 | VANGUARD INTL EQUITY INDEX F | 922042874 | 4,000 | $334,440 | 0.07% |
| 119 | COSTCO WHSL CORP NEW | 22160K105 | 384 | $331,102 | 0.07% |
| 120 | EXXON MOBIL CORP | XOM | 2,635 | $317,096 | 0.07% |
| 121 | ABBVIE INC | ABBV | 1,315 | $300,522 | 0.07% |
| 122 | VANGUARD SCOTTSDALE FDS | 92206C870 | 3,568 | $298,820 | 0.07% |
| 123 | FS KKR CAP CORP | FSK | 20,142 | $298,303 | 0.07% |
| 124 | TESLA INC | TSLA | 659 | $296,225 | 0.07% |
| 125 | HECLA MNG CO | 422704106 | 15,181 | $291,315 | 0.06% |
| 126 | PALO ALTO NETWORKS INC | PANW | 1,570 | $289,194 | 0.06% |
| 127 | VANGUARD CHARLOTTE FDS | 92203J407 | 5,962 | $288,084 | 0.06% |
| 128 | ISHARES TR | 464287309 | 2,327 | $286,797 | 0.06% |
| 129 | CHIPOTLE MEXICAN GRILL INC | CMG | 7,670 | $283,790 | 0.06% |
| 130 | COCA COLA CO | KO | 4,012 | $280,506 | 0.06% |
| 131 | AMGEN INC | AMGN | 846 | $276,904 | 0.06% |
| 132 | CHEVRON CORP NEW | CVX | 1,803 | $274,788 | 0.06% |
| 133 | FIRST WATCH RESTAURANT GROUP | FWRG | 18,217 | $274,712 | 0.06% |
| 134 | VERIZON COMMUNICATIONS INC | VZ | 6,692 | $272,572 | 0.06% |
| 135 | ADVANCED MICRO DEVICES INC | AMD | 1,251 | $267,914 | 0.06% |
| 136 | VANGUARD WHITEHALL FDS | 921946406 | 1,825 | $261,924 | 0.06% |
| 137 | TRUST FOR PROFESSIONAL MANAG | 89834G836 | 11,504 | $259,418 | 0.06% |
| 138 | ISHARES TR | 46435U853 | 6,797 | $254,174 | 0.06% |
| 139 | NEXTERA ENERGY INC | NEE-PW | 3,156 | $253,368 | 0.06% |
| 140 | JABIL INC | JBL | 1,127 | $246,297 | 0.05% |
| 141 | ISHARES TR | 464288281 | 2,523 | $242,914 | 0.05% |
| 142 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 4,444 | $239,709 | 0.05% |
| 143 | SOLVENTUM CORP | SOLV | 2,964 | $234,867 | 0.05% |
| 144 | VANGUARD WORLD FD | 921910840 | 1,606 | $226,703 | 0.05% |
| 145 | SCHWAB STRATEGIC TR | 808524854 | 8,967 | $224,892 | 0.05% |
| 146 | UNITED AIRLS HLDGS INC | UNTCW | 2,000 | $223,640 | 0.05% |
| 147 | LOWES COS INC | 548661107 | 926 | $223,314 | 0.05% |
| 148 | SELECT SECTOR SPDR TR | 81369Y209 | 1,440 | $222,966 | 0.05% |
| 149 | T ROWE PRICE ETF INC | 87283Q867 | 5,688 | $217,402 | 0.05% |
| 150 | SPDR SERIES TRUST | 78464A631 | 900 | $217,116 | 0.05% |
| 151 | ARISTA NETWORKS INC | ANET | 1,575 | $206,372 | 0.05% |
| 152 | M & T BK CORP | 55261F104 | 1,019 | $205,308 | 0.05% |
| 153 | ENBRIDGE INC | ENNPF | 4,235 | $202,560 | 0.04% |
| 154 | VANGUARD ADMIRAL FDS INC | 921932505 | 452 | $200,955 | 0.04% |
| 155 | VANGUARD INTL EQUITY INDEX F | 922042775 | 1,923 | $141,456 | 0.03% |
| 156 | APPLE INC | AAPL | 515 | $140,008 | 0.03% |
| 157 | AT&T INC | T-PC | 5,077 | $126,117 | 0.03% |
| 158 | AT&T INC | T-PC | 4,160 | $103,334 | 0.02% |
| 159 | VANGUARD INTL EQUITY INDEX F | 922042775 | 872 | $64,144 | 0.01% |
| 160 | PROCTER AND GAMBLE CO | 742718109 | 340 | $48,725 | 0.01% |
| 161 | WALMART INC | WMT | 201 | $22,393 | 0.00% |
| 162 | JOHNSON & JOHNSON | JNJ | 100 | $20,695 | 0.00% |
| 163 | CISCO SYS INC | CSCO | 266 | $20,490 | 0.00% |
| 164 | NEXTERA ENERGY INC | NEE-PW | 200 | $16,056 | 0.00% |
| 165 | XCEL ENERGY INC | XELLL | 166 | $12,261 | 0.00% |
| 166 | EXXON MOBIL CORP | XOM | 75 | $9,026 | 0.00% |
| 167 | EMERSON ELEC CO | EMR | 63 | $8,361 | 0.00% |
| 168 | CHEVRON CORP NEW | CVX | 38 | $5,792 | 0.00% |
| 169 | CATERPILLAR INC | CAT | 10 | $5,729 | 0.00% |
| 170 | 3M CO | MMM | 30 | $4,803 | 0.00% |
| 171 | SOLVENTUM CORP | SOLV | 7 | $555 | 0.00% |