DaveManuel.com · Institutional Ownership · 13F Holdings
Capital Management Associates, Inc
Reported holdings as of Q3 2026, from 12 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | SPY | $78.3M | 102,691 | +0.22pp | 12q | HELD | |
| SCHWAB STRATEGIC TR | SCHB | $51.9M | 1,771,568 | -0.02pp | 9q | -1.0%-$525.6K | |
| VANGUARD INDEX FDS | VOO | $50.3M | 71,814 | +0.36pp | 12q | +2.0%+$993.8K | |
| INVESCO QQQ TR | QQQ | $29.5M | 39,842 | +0.06pp | 12q | +0.9%+$276.7K | |
| APPLE INC | AAPL | $18.5M | 55,686 | +0.46pp | 12q | -0.5%-$98.9K | |
| STATE STR SPDR DOW JONES IND | DIA | $15.1M | 29,752 | -0.04pp | 12q | +1.7%+$249.7K | |
| PIMCO ETF TR | HYS | $14.7M | 162,913 | flat | 12q | +3.9%+$548.2K | |
| CAPITAL GROUP CORE BALANCED | CGBL | $12.4M | 338,640 | +0.05pp | 9q | +5.8%+$681.9K | |
| VANGUARD INDEX FDS | VB | $12.2M | 42,861 | -0.17pp | 12q | HELD | |
| ABRDN SILVER ETF TRUST | SIVR | $11.7M | 203,358 | -0.20pp | 12q | -9.5%-$1.2M | |
| VANGUARD INDEX FDS | VUG | $10.1M | 112,242 | +0.15pp | 12q | +3.8%+$371.8K | |
| VANGUARD INDEX FDS | VBK | $9.2M | 27,352 | -0.25pp | 8q | -4.1%-$399.7K | |
| ETFS GOLD TR | SGOL | $8.5M | 215,379 | -0.05pp | 12q | -5.8%-$525.8K | |
| MICROSOFT CORP | MSFT | $6.6M | 12,936 | +0.35pp | 12q | -1.4%-$95.9K | |
| VANGUARD INDEX FDS | VO | $6.2M | 78,436 | -0.07pp | 12q | -2.1%-$132.6K | |
| CATERPILLAR INC | CAT | $5.8M | 7,096 | -0.41pp | 12q | -3.0%-$175.1K | |
| PIMCO ETF TR | MINT | $5.7M | 56,848 | +0.08pp | 12q | +8.3%+$437.1K | |
| VANGUARD WORLD FD | VGT | $5.3M | 42,079 | +0.13pp | 6q | +8.3%+$403.3K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $4.7M | 9,435 | -0.03pp | 12q | -1.8%-$86.1K | |
| XCEL ENERGY INC | XEL | $4.6M | 65,941 | -0.14pp | 9q | -0.6%-$27.1K | |
| GENERAL MILLS INC | GIS | $4.0M | 123,764 | -0.06pp | 6q | HELD | |
| STRATEGIC TRUST | RUNN | $3.9M | 120,480 | +0.03pp | 12q | +3.6%+$136.2K | |
| ISHARES TR | AGG | $3.9M | 41,161 | -0.27pp | 10q | -21.6%-$1.1M | |
| CAPITAL GROUP CORE EQUITY ET | CGUS | $3.8M | 86,030 | -0.02pp | 10q | -2.5%-$97.7K | |
| JOHNSON & JOHNSON | JNJ | $3.4M | 12,740 | +0.03pp | 12q | +0.5%+$18.0K | |
| DEERE CO | DE | $3.1M | 4,684 | +0.03pp | 12q | HELD | |
| AMAZON COM INC | AMZN | $3.0M | 11,960 | +0.03pp | 12q | +0.6%+$18.2K | |
| META PLATFORMS INC | META | $2.8M | 3,828 | +0.11pp | 12q | -2.1%-$60.9K | |
| ORACLE CORP | ORCL | $2.8M | 20,072 | -0.05pp | 5q | -1.7%-$47.1K | |
| PUBLIC STORAGE | PSA | $2.7M | 9,645 | -0.04pp | 12q | +5.5%+$141.1K | |
| ISHARES TR | MUB | $2.7M | 26,874 | -0.01pp | 9q | +4.0%+$105.1K | |
| VANGUARD WORLD FD | VHT | $2.7M | 8,510 | +0.04pp | 12q | +2.1%+$54.7K | |
| VANGUARD WORLD FD | VIS | $2.6M | 8,227 | +0.01pp | 6q | +14.0%+$324.7K | |
| VANGUARD WORLD FD | VCR | $2.5M | 6,922 | +0.01pp | 6q | +10.7%+$243.6K | |
| UNITEDHEALTH GROUP INC | UNH | $2.4M | 6,635 | -0.08pp | 6q | -1.5%-$37.8K | |
| CAPITAL GROUP DIVIDEND VALUE | CGDV | $2.3M | 47,863 | +0.04pp | 4q | +10.0%+$212.1K | |
| VANGUARD INDEX FDS | VNQ | $2.2M | 25,057 | -0.04pp | 12q | -0.8%-$17.9K | |
| ALPHABET INC | GOOGL | $2.2M | 6,480 | -0.02pp | 10q | HELD | |
| 3M CO | MMM | $2.2M | 13,244 | flat | 10q | HELD | |
| MERCK & CO INC | MRK | $2.1M | 14,482 | +0.04pp | 6q | -2.5%-$54.1K | |
| ISHARES TR | IJH | $2.0M | 28,265 | -0.03pp | 12q | HELD | |
| VANGUARD INDEX FDS | VV | $2.0M | 5,581 | +0.01pp | 12q | HELD | |
| VANGUARD WORLD FD | VFH | $1.8M | 14,092 | +0.04pp | 6q | +14.3%+$229.4K | |
| KLA CORP | KLAC | $1.8M | 9,300 | -0.20pp | 6q | HELD | |
| ISHARES TR | IVV | $1.8M | 2,364 | +0.01pp | 12q | HELD | |
| SCHWAB STRATEGIC TR | SCHX | $1.8M | 60,226 | +0.01pp | 9q | HELD | |
| NVIDIA CORPORATION | NVDA | $1.8M | 7,733 | +0.05pp | 12q | +1.0%+$16.9K | |
| EMERSON ELEC CO | EMR | $1.8M | 11,299 | +0.03pp | 7q | HELD | |
| QUEST DIAGNOSTICS INC | DGX | $1.7M | 7,300 | +0.03pp | 4q | HELD | |
| VANGUARD INDEX FDS | VTV | $1.6M | 7,628 | -0.01pp | 12q | HELD | |
| ECOLAB INC | ECL | $1.5M | 5,552 | -0.01pp | 4q | HELD | |
| VANGUARD INDEX FDS | VTI | $1.5M | 4,032 | flat | 9q | HELD | |
| CAPITAL GROUP GROWTH ETF | CGGR | $1.5M | 30,621 | +0.02pp | 10q | +9.0%+$120.1K | |
| DARDEN RESTAURANTS INC | DRI | $1.4M | 7,058 | -0.02pp | 6q | HELD | |
| ALPHABET INC | GOOG | $1.4M | 3,967 | -0.02pp | 12q | -1.7%-$23.9K | |
| SCHWAB STRATEGIC TR | SCHZ | $1.3M | 60,535 | -0.01pp | 9q | +1.1%+$14.2K | |
| SPDR SERIES TRUST | SPYG | $1.3M | 10,488 | +0.01pp | 9q | +2.5%+$31.4K | |
| ISHARES TR | IJR | $1.2M | 9,125 | -0.02pp | 12q | HELD | |
| APPLIED MATLS INC | AMAT | $1.2M | 2,371 | -0.10pp | 12q | HELD | |
| VANGUARD INDEX FDS | VOT | $1.2M | 4,085 | -0.10pp | 4q | -24.9%-$396.7K | |
| INVESCO EXCHANGE TRADED FD T | RSPR | $1.2M | 35,475 | -0.03pp | 8q | -1.8%-$21.6K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $1.2M | 6,216 | +0.09pp | 9q | +1.5%+$17.0K | |
| WORLD GOLD TR | GLDM | $1.1M | 13,667 | flat | 9q | -1.5%-$17.3K | |
| JPMORGAN CHASE & CO | JPM | $1.1M | 3,331 | flat | 12q | HELD | |
| SPDR SERIES TRUST | SPMD | $1.1M | 17,235 | -0.02pp | 9q | HELD | |
| TARGET CORP | TGT | $1.1M | 6,924 | +0.09pp | 9q | +44.7%+$335.0K | |
| VANGUARD TAX-MANAGED FDS | VEA | $1.1M | 15,023 | -0.02pp | 12q | -6.8%-$76.9K | |
| VANGUARD SPECIALIZED FUNDS | VIG | $964.0K | 4,132 | flat | 12q | HELD | |
| CAPITAL GRP FIXED INCM ETF T | CGCB | $915.8K | 36,661 | -0.01pp | 5q | +1.1%+$10.2K | |
| SCHWAB STRATEGIC TR | SCHD | $909.2K | 27,950 | +0.03pp | 12q | +20.8%+$156.5K | |
| ISHARES TR | ILCB | $888.4K | 8,408 | flat | 12q | HELD | |
| GRACO INC | GGG | $868.1K | 11,298 | flat | 12q | HELD | |
| SELECT SECTOR SPDR TR | XLP | $818.7K | 10,157 | flat | 12q | +5.3%+$41.3K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $785.6K | 1,722 | -0.01pp | 3q | -1.2%-$9.6K | |
| SPDR SERIES TRUST | SPTS | $770.6K | 26,880 | flat | 5q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VWO | $725.7K | 12,236 | -0.01pp | 12q | -5.3%-$40.2K | |
| iShares Tr | SHV | $722.5K | 6,549 | flat | 3q | +0.9%+$6.5K | |
| MCDONALDS CORP | MCD | $703.2K | 3,045 | -0.03pp | 12q | -1.3%-$9.2K | |
| FIDELITY COVINGTON TRUST | FTEC | $678.1K | 2,260 | +0.01pp | 12q | HELD | |
| US BANCORP | USB | $673.6K | 11,662 | -0.01pp | 12q | HELD | |
| CAPITAL GRP FIXED INCM ETF T | CGMU | $670.7K | 25,854 | flat | 5q | +5.1%+$32.2K | |
| PALO ALTO NETWORKS INC | PANW | $662.3K | 1,667 | +0.02pp | 5q | -1.9%-$13.1K | |
| KIMBERLY CLARK CORP | KMB | $656.0K | 6,733 | -0.05pp | 6q | -18.2%-$146.1K | |
| WALMART INC | WMT | $656.0K | 6,312 | -0.01pp | 9q | +1.6%+$10.6K | |
| BOSTON SCIENTIFIC CORP | BSX | $639.6K | 14,654 | -0.01pp | 12q | -6.4%-$43.6K | |
| CISCO SYS INC | CSCO | $636.3K | 5,912 | -0.01pp | 4q | -1.1%-$6.9K | |
| SCHWAB STRATEGIC TR | SCHA | $619.4K | 18,981 | -0.01pp | 9q | HELD | |
| WESTERN DIGITAL CORP | WDC | $609.4K | 1,341 | -0.05pp | 2q | -0.7%-$4.5K | |
| COCA COLA CO | KO | $609.4K | 7,079 | +0.01pp | 6q | HELD | |
| GE AEROSPACE | GE | $608.1K | 1,947 | -0.02pp | 12q | HELD | |
| MASTERCARD INCORPORATED | MA | $560.8K | 1,017 | +0.01pp | 12q | HELD | |
| SELECT SECTOR SPDR TR | XLK | $536.0K | 2,738 | flat | 12q | HELD | |
| ELI LILLY & CO | LLY | $526.5K | 455 | flat | 12q | HELD | |
| DIMENSIONAL ETF TRUST | DFAS | $523.1K | 6,757 | -0.01pp | 12q | -2.7%-$14.7K | |
| GE VERNOVA INC | GEV | $519.0K | 546 | -0.02pp | 7q | HELD | |
| DELTA AIR LINES INC | DAL | $506.7K | 6,071 | -0.01pp | 12q | HELD | |
| PROCTER & GAMBLE CO | PG | $504.6K | 3,473 | -0.02pp | 8q | -16.2%-$97.2K | |
| SERVICENOW INC | NOW | $496.8K | 3,707 | +0.03pp | 2q | HELD | |
| SELECT SECTOR SPDR TR | XLU | $489.7K | 12,416 | -0.01pp | 7q | +9.6%+$42.9K | |
| TESLA INC | TSLA | $475.2K | 1,339 | -0.01pp | 5q | +3.3%+$15.3K | |
| ISHARES TR | IWF | $473.0K | 3,776 | flat | 12q | HELD | |
| FASTENAL CO | FAST | $465.9K | 9,407 | flat | 12q | HELD | |
| ISHARES TR | ESGD | $463.7K | 4,500 | flat | 5q | HELD | |
| AMGEN INC | AMGN | $463.7K | 1,100 | +0.01pp | 4q | -5.1%-$24.9K | |
| DUKE ENERGY CORP NEW | DUK | $463.6K | 4,066 | -0.01pp | 5q | -0.5%-$2.4K | |
| WASTE MGMT INC DEL | WM | $461.1K | 2,261 | -0.01pp | 12q | HELD | |
| PRICE T ROWE GROUP INC | TROW | $438.0K | 4,209 | -0.01pp | 6q | HELD | |
| CHARLES SCHWAB CORP (THE) | SCHW | $432.8K | 4,429 | +0.01pp | 12q | +2.8%+$11.7K | |
| TORO CO | TTC | $432.2K | 4,482 | -0.02pp | 12q | -21.1%-$115.6K | |
| SPACE EXPLORATION TECHN CORP | SPCX | $428.1K | 2,837 | +0.04pp | 2q | +96.3%+$210.0K | |
| MEDTRONIC PLC | MDT | $423.3K | 4,906 | +0.01pp | 5q | -2.3%-$10.2K | |
| NUSHARES ETF TR | NUSC | $404.6K | 8,338 | -0.01pp | 4q | HELD | |
| SELECT SECTOR SPDR TR | XLV | $403.9K | 2,398 | +0.01pp | 4q | +5.4%+$20.5K | |
| ASE TECHNOLOGY HLDG CO LTD | ASX | $400.1K | 9,000 | -0.01pp | 3q | -6.1%-$26.1K | |
| SPDR GOLD TR | GLD | $400.1K | 1,050 | flat | 12q | -2.3%-$9.5K | |
| TRAVELERS COMPANIES INC | TRV | $397.2K | 1,114 | +0.01pp | 2q | HELD | |
| STRATEGY INC | MSTR | $382.7K | 2,500 | - | new | NEW | |
| INTERNATIONAL BUSINESS MACHS | IBM | $376.7K | 1,713 | -0.01pp | 5q | +12.4%+$41.6K | |
| COSTCO WHOLESALE CORPORATION | COST | $366.4K | 402 | flat | 12q | +0.5%+$1.8K | |
| ISHARES TR | EFA | $359.9K | 3,464 | flat | 10q | HELD | |
| VISA INC | V | $359.1K | 999 | flat | 12q | HELD | |
| INTEL CORP | INTC | $355.6K | 2,958 | -0.02pp | 2q | -11.8%-$47.5K | |
| NUVEEN AMT FREE QLTY MUN INC | NEA | $352.7K | 35,448 | - | new | NEW | |
| VANGUARD INTL EQUITY INDEX F | VGK | $347.2K | 4,000 | flat | 4q | HELD | |
| ISHARES TR | IVW | $331.9K | 2,333 | flat | 9q | HELD | |
| CAPITAL GROUP EQUITY ETF TR | CGMM | $326.3K | 10,539 | - | new | NEW | |
| VANGUARD ADMIRAL FDS INC | VOOG | $316.2K | 3,699 | flat | 2q | HELD | |
| WELLS FARGO & CO | WFC | $309.1K | 3,861 | -0.01pp | 10q | -5.7%-$18.7K | |
| J P MORGAN EXCHANGE TRADED F | JGRO | $308.8K | 3,197 | - | new | NEW | |
| VERIZON COMMUNICATIONS INC | VZ | $302.8K | 6,600 | +0.01pp | 7q | +3.1%+$9.1K | |
| J P MORGAN EXCHANGE TRADED F | JAVA | $301.2K | 3,779 | - | new | NEW | |
| CLOROX CO DEL | CLX | $285.7K | 3,527 | -0.01pp | 2q | HELD | |
| MICRON TECHNOLOGY INC | MU | $284.1K | 267 | -0.01pp | 2q | -7.6%-$23.4K | |
| VANGUARD WHITEHALL FDS | VYM | $283.2K | 1,825 | flat | 5q | HELD | |
| CHEVRON CORPORATION | CVX | $282.9K | 1,385 | -0.01pp | 4q | -31.0%-$127.3K | |
| ISHARES SILVER TR | SLV | $275.9K | 5,062 | flat | 5q | HELD | |
| ISHARES TR | IVE | $273.2K | 1,197 | flat | 2q | HELD | |
| SPDR SERIES TRUST | SPYV | $262.4K | 4,292 | +0.01pp | 2q | +14.8%+$33.8K | |
| NNN REIT INC | NNN | $255.2K | 6,210 | -0.06pp | 12q | -49.3%-$247.7K | |
| HECLA MINING COMPANY | HL | $255.0K | 14,975 | flat | 9q | HELD | |
| JABIL INC | JBL | $249.6K | 870 | -0.02pp | 5q | HELD | |
| SOLVENTUM CORP | SOLV | $239.2K | 2,713 | +0.01pp | 2q | HELD | |
| BRISTOL-MYERS SQUIBB CO | BMY | $237.3K | 3,803 | flat | 5q | HELD | |
| IQVIA HLDGS INC | IQV | $237.1K | 882 | - | new | NEW | |
| VANGUARD INTL EQUITY INDEX F | VEU | $231.9K | 2,795 | flat | 4q | HELD | |
| EXXONMOBIL HOLDINGS CORP | XOM | $230.5K | 1,416 | - | new | NEW | |
| AT&T INC | T | $226.3K | 9,275 | - | new | NEW | |
| T ROWE PRICE EXCHANGE-TRADED | TCAF | $225.5K | 5,334 | flat | 6q | -6.2%-$15.0K | |
| ENBRIDGE INC | ENB | $224.3K | 4,825 | flat | 5q | +13.9%+$27.4K | |
| ABBVIE INC | ABBV | $224.1K | 857 | flat | 2q | HELD | |
| M & T BK CORP | MTB | $221.7K | 1,019 | flat | 5q | HELD | |
| VANGUARD WORLD FD | MGV | $218.9K | 1,359 | -0.01pp | 4q | -15.4%-$39.8K | |
| FIRST TR EXCH TRADED FD III | FTLS | $217.8K | 2,840 | flat | 2q | HELD | |
| CROWDSTRIKE HLDGS INC | CRWD | $211.8K | 800 | - | new | NEW | |
| REGENERON PHARMACEUTICALS | REGN | $211.6K | 279 | - | new | NEW | |
| SPDR SERIES TRUST | XAR | $208.1K | 900 | -0.01pp | 5q | HELD | |
| REALTY INCOME CORP | O | $201.8K | 3,717 | -0.01pp | 3q | HELD | |
| ISHARES TR | SGOV | $200.2K | 1,988 | - | new | NEW | |
| QUALCOMM INC | QCOM | $200.1K | 1,087 | flat | 2q | HELD | |
| ARES CAPITAL CORP | ARCC | $195.3K | 10,226 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Funds & ETFs | $94.0M | 18.8% |
| Capital Markets | $22.8M | 4.6% |
| Computer Hardware | $20.8M | 4.2% |
| Software & IT Services | $18.0M | 3.6% |
| Industrials | $10.9M | 2.2% |
| Semiconductors & Electronics | $8.1M | 1.6% |
| Retail & Consumer | $7.6M | 1.5% |
| Insurance | $7.5M | 1.5% |
| Other sectors | $36.1M | 7.2% |
| Not classified | $273.2M | 54.7% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | +0.0% | +2.1% | -2.1% | 100% |
| 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% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $499.2M | 160 | 12 | 40 | 45 | 5 | 59.0% | 20 |
| Q2 2026 | $497.5M | 153 | 16 | 58 | 32 | 14 | 58.3% | 22 |
| Q1 2026 | $442.3M | 151 | 10 | 54 | 44 | 15 | 58.9% | 23 |
| Q4 2025 | $452.3M | 156 | 24 | 63 | 32 | 8 | 57.7% | 21 |
| Q3 2025 | $370.0M | 140 | 28 | 53 | 20 | 3 | 61.6% | 22 |
| Q2 2025 | $315.7M | 115 | 18 | 13 | 83 | 32 | 62.4% | 23 |
| Q1 2025 | $441.6M | 129 | 36 | 86 | 5 | 11 | 64.9% | 30 |
| Q4 2024 | $266.8M | 104 | 7 | 35 | 30 | 10 | 64.5% | 28 |
| Q3 2024 | $244.8M | 107 | 30 | 32 | 19 | 0 | 64.7% | 23 |
| Q2 2024 | $165.2M | 77 | 10 | 21 | 19 | 15 | 68.5% | 32 |
| Q1 2024 | $135.8M | 82 | 13 | 35 | 20 | 14 | 67.6% | 33 |
| Q4 2023 | $169.8M | 83 | 0 | 0 | 0 | 0 | 69.8% | 25 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.