INVESTMENT MANAGEMENT ASSOCIATES INC /ADV is an institutional investment manager that files quarterly 13F reports with the SEC. As of Q1 2026, the fund manages $420M in reported equity holdings across 29 positions. The largest holdings are HII (10.4%), ECNS.SN (9.5%), UBER (8.5%), MOH (7.4%), BSM (6.8%). The portfolio is concentrated in Other (85.9%), Energy (9.1%), Financial Services (5.0%). Data sourced from SEC EDGAR 13F filings (CIK 52024).