Vitaliy Katsenelson - Investment Management Associates
Superinvestor profile · Rank #132 by reported 13F value (2026 Q2 filers) · CIK 0000052024 · All profiles
Founded 1979Greenwood Village, Colorado, U.S.Active value investing, long-only, disciplinedKey person: Vitaliy Katsenelson (CEO, CIO and principal owner)
Reported 13F value
$487M
Period 2026-06-30 · Filed 2026-08-03
Positions
31
Top 10 = 63.7% of value
Clone CAGR (full window)
+13.3%
2021-03-16 → 2026-10-02 · cumulative +100%
SPY CAGR (same window)
+14.3%
Cumulative +110%
Max drawdown (monthly)
-9%
Month-end values, approximate
Latest-quarter activity
6 new · 5 exited
6 increased · 15 decreased
Hypothetical clone — not this fund's returns. The performance on this page replicates only the long U.S. equity positions disclosed on this manager's Form 13F filings, rebalanced on filing dates at disclosed weights with dividend-adjusted prices. It excludes shorts, bonds, cash, non-U.S. listings, private holdings, leverage and fees. Treat it as a measure of how the disclosed stock picks performed, never as the fund's track record. Evidence: filing-by-filing dossier (PDF) · Methodology (PDF)
Clone performance
| Window | Clone CAGR | Note |
|---|---|---|
| Full window (2021-03-16 → 2026-10-02, 23 filings) | +13.27% | Cumulative +99.6% vs SPY +109.9% |
| Trailing 10Y | — | |
| Trailing 5Y | +14.59% | |
| Trailing 3Y | +16.80% | |
| Trailing 1Y | +4.15% |
Top holdings — 2026 Q2 filing
| Ticker | Company | Weight | Reported value |
|---|---|---|---|
| MOH | Molina Healthcare Inc | 10.80% | $53M |
| Ishares Tr | 7.86% | $38M | |
| UBER | Uber Technologies Inc | 7.19% | $35M |
| Invesco Qqq Tr | 6.94% | $34M | |
| HII | Huntington Ingalls Inds Inc | 6.59% | $32M |
| TFIN | Triumph Financial Inc | 5.54% | $27M |
| BSM | Black Stone Minerals L P | 5.30% | $26M |
| PHG | Koninklijke Philips N V | 4.79% | $23M |
| Ishares Tr | 4.43% | $22M | |
| PM | Philip Morris Intl Inc | 4.25% | $21M |
As reported on the 2026-06-30 Form 13F (filed 2026-08-03).
Filing history in this profile
Every clone input traces to one of these SEC filings. 83.2% of the latest filing's reported value is covered by our price history; the remainder is mostly non-U.S. listings, recent IPOs or delisted names and is excluded from the clone.
| Quarter | SEC accession no. | Filed | Disclosed CUSIPs |
|---|---|---|---|
| 2026Q2 | 0000052024-26-000004 | 2026-08-03 | 27 |
| 2026Q1 | 0000052024-26-000002 | 2026-05-07 | 27 |
| 2025Q4 | 0000052024-26-000001 | 2026-02-03 | 26 |
| 2025Q3 | 0000052024-25-000006 | 2025-11-06 | 27 |
| 2025Q2 | 0000052024-25-000003 | 2025-08-04 | 26 |
| 2025Q1 | 0000052024-25-000002 | 2025-04-30 | 23 |
| 2024Q4 | 0000052024-25-000001 | 2025-02-03 | 26 |
| 2024Q3 | 0000052024-24-000005 | 2024-11-05 | 33 |
| 2024Q2 | 0000052024-24-000003 | 2024-08-01 | 33 |
| 2024Q1 | 0000052024-24-000002 | 2024-05-09 | 34 |
| 2023Q4 | 0000052024-24-000001 | 2024-02-09 | 34 |
| 2023Q3 | 0000052024-23-000004 | 2023-11-01 | 33 |
| 2023Q2 | 0000052024-23-000003 | 2023-08-01 | 38 |
| 2023Q1 | 0000052024-23-000002 | 2023-05-02 | 38 |
| 2022Q4 | 0000052024-23-000001 | 2023-02-02 | 42 |
| 2022Q3 | 0000052024-22-000004 | 2022-11-01 | 43 |
| 2022Q2 | 0000052024-22-000003 | 2022-08-01 | 41 |
| 2022Q1 | 0000052024-22-000002 | 2022-05-02 | 43 |
| 2021Q4 | 0000052024-22-000001 | 2022-02-16 | 48 |
| 2021Q3 | 0000052024-21-000007 | 2021-11-02 | 51 |
| 2021Q2 | 0000052024-21-000006 | 2021-07-30 | 52 |
| 2021Q1 | 0000052024-21-000005 | 2021-05-07 | 53 |
| 2020Q4 | 0000052024-21-000004 | 2021-03-16 | 51 |
Background (founded / HQ / style) source: https://imausa.com/wp-content/uploads/2020/06/Combined-ADV-Part-2A-2B-5.21.20.pdf — Form ADV brochure states: 'Our Firm was formed in 1979. The principal owner is Vitaliy N. Katsenelson.' The firm is Denver-based, with its office at 5690 DTC Blvd, Suite 140W, Greenwood Village, CO; its official site describes it as a Denver-based firm delivering disciplined, value-driven strategies.