Investment Management Associates 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	2,313	9,052	SH		SOLE	0	0	0	9,052
TANGER FACTORY OUTLET CTRS I	COM	875465106	8,588	567,634	SH		SOLE	0	0	0	567,634
ALTRIA GROUP INC	COM	02209S103	9,832	192,190	SH		SOLE	0	0	0	192,190
QUALCOMM INC	COM	747525103	6,253	47,158	SH		SOLE	0	0	0	47,158
US BANCORP DEL	COM NEW	902973304	573	10,366	SH		SOLE	0	0	0	10,366
PFIZER INC	COM	717081103	867	23,930	SH		SOLE	0	0	0	23,930
MICROSOFT CORP	COM	594918104	1,390	5,895	SH		SOLE	0	0	0	5,895
CISCO SYS INC	COM	17275R102	962	18,597	SH		SOLE	0	0	0	18,597
LOCKHEED MARTIN CORP	COM	539830109	325	878	SH		SOLE	0	0	0	878
VERIZON COMMUNICATIONS INC	COM	92343V104	283	4,860	SH		SOLE	0	0	0	4,860
WALGREENS BOOTS ALLIANCE INC	COM	931427108	468	8,532	SH		SOLE	0	0	0	8,532
TEXAS INSTRS INC	COM	882508104	454	2,400	SH		SOLE	0	0	0	2,400
CARDINAL HEALTH INC	COM	14149Y108	4,340	71,446	SH		SOLE	0	0	0	71,446
MCKESSON CORP	COM	58155Q103	10,015	51,346	SH		SOLE	0	0	0	51,346
MICRON TECHNOLOGY INC	COM	595112103	4,099	46,463	SH		SOLE	0	0	0	46,463
GILEAD SCIENCES INC	COM	375558103	1,172	18,131	SH		SOLE	0	0	0	18,131
WELLS FARGO CO NEW	COM	949746101	1,036	26,521	SH		SOLE	0	0	0	26,521
UNITEDHEALTH GROUP INC	COM	91324P102	226	608	SH		SOLE	0	0	0	608
COMCAST CORP NEW	CL A	20030N101	2,653	49,028	SH		SOLE	0	0	0	49,028
APPLE INC	COM	037833100	1,879	15,380	SH		SOLE	0	0	0	15,380
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	8,306	214,411	SH		SOLE	0	0	0	214,411
GENERAL DYNAMICS CORP	COM	369550108	5,981	32,942	SH		SOLE	0	0	0	32,942
DXC TECHNOLOGY CO	COM	23355L106	14,783	472,904	SH		SOLE	0	0	0	472,904
EZCORP INC	CL A NON VTG	302301106	62	12,465	SH		SOLE	0	0	0	12,465
PATTERSON COS INC	COM	703395103	1,314	41,114	SH		SOLE	0	0	0	41,114
ENTERPRISE PRODS PARTNERS L	COM	293792107	4,086	185,555	SH		SOLE	0	0	0	185,555
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	4,429	63,385	SH		SOLE	0	0	0	63,385
EQUINOR ASA	SPONSORED ADR	29446M102	4,421	227,201	SH		SOLE	0	0	0	227,201
SPDR GOLD TR	GOLD SHS	78463V107	277	1,733	SH		SOLE	0	0	0	1,733
MICROBOT MED INC	COM NEW	59503A204	85	10,000	SH		SOLE	0	0	0	10,000
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	3,283	75,714	SH		SOLE	0	0	0	75,714
DIAMOND HILL INVT GROUP INC	COM NEW	25264R207	1,597	10,235	SH		SOLE	0	0	0	10,235
NUVEEN FLOATING RATE INCOME	COM	67072T108	1,739	180,000	SH		SOLE	0	0	0	180,000
QURATE RETAIL INC	COM SER A	74915M100	9,622	818,203	SH		SOLE	0	0	0	818,203
INVESCO LTD	SHS	G491BT108	3,589	142,315	SH		SOLE	0	0	0	142,315
ARES CAPITAL CORP	COM	04010L103	229	12,250	SH		SOLE	0	0	0	12,250
ISHARES TR	IBOXX HI YD ETF	464288513	917	10,524	SH		SOLE	0	0	0	10,524
ISHARES TR	NATIONAL MUN ETF	464288414	2,018	17,392	SH		SOLE	0	0	0	17,392
SPDR SER TR	BLOOMBERG BRCLYS	78468R622	928	8,527	SH		SOLE	0	0	0	8,527
PHILIP MORRIS INTL INC	COM	718172109	267	3,004	SH		SOLE	0	0	0	3,004
JANUS HENDERSON GROUP PLC	ORD SHS	G4474Y214	2,058	66,078	SH		SOLE	0	0	0	66,078
BROADCOM INC	COM	11135F101	304	656	SH		SOLE	0	0	0	656
HUNTINGTON INGALLS INDS INC	COM	446413106	3,336	16,205	SH		SOLE	0	0	0	16,205
ISHARES TR	US TREAS BD ETF	46429B267	5,571	212,719	SH		SOLE	0	0	0	212,719
ABBVIE INC	COM	00287Y109	1,519	14,035	SH		SOLE	0	0	0	14,035
TWITTER INC	COM	90184L102	2,994	47,057	SH		SOLE	0	0	0	47,057
ALPHABET INC	CAP STK CL C	02079K107	507	245	SH		SOLE	0	0	0	245
BLACK STONE MINERALS L P	COM UNIT	09225M101	369	42,300	SH		SOLE	0	0	0	42,300
CAMPING WORLD HLDGS INC	CL A	13462K109	4,421	121,534	SH		SOLE	0	0	0	121,534
DROPBOX INC	CL A	26210C104	2,453	92,003	SH		SOLE	0	0	0	92,003
UBER TECHNOLOGIES INC	COM	90353T100	9,711	178,150	SH		SOLE	0	0	0	178,150
ENVISTA HOLDINGS CORPORATION	COM	29415F104	1,925	47,182	SH		SOLE	0	0	0	47,182
WELLS FARGO CO NEW	COM	949746101	1,880	77,000	SH	Call	SOLE	0	0	0	77,000
SPDR GOLD TR	GOLD SHS	78463V107	196	11,100	SH	Call	SOLE	0	0	0	11,100
SPDR GOLD TR	GOLD SHS	78463V107	409	54,700	SH	Call	SOLE	0	0	0	54,700
VIATRIS INC	COM	92556V106	7,292	521,987	SH		SOLE	0	0	0	521,987
UBER TECHNOLOGIES INC	COM	90353T100	435	72,200	SH	Put	SOLE	0	0	0	72,200
UBER TECHNOLOGIES INC	COM	90353T100	174	56,600	SH	Put	SOLE	0	0	0	56,600