13F-HR 1 dec09comb.txt UNITED STATES SECURITIES AND EXCHANGE COM MISSION WASH soleINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2009 Check here if Amendment [1]; Amendment Number: This Amendment (Check only one.): [x ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Capital Management Associates Address: 140 Broadway 44th Floor New York, NY 10005 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and COM plete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name Ralph Scarpa Title: President Phone: 212-320-2000 Signature, Place, and Date of Signing: Ralph Scarpa, New York, New York, February 16, 2010 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COM BINATION REPORT. List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: Form 13F Information Table Entry Total: Form 13F Information Table Value Total: Capital Management Associates FORM 13F December 31, 2009 Capital Management Associates FORM 13F 31-Dec-09 Voting Authority -------------------------- Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None 3M CO COM 88579y101 1312 15870 SH Sole 570 15300 ABBOTT LABS COM 2824100 263 4869 SH Sole 100 4769 ACTIVISION BLIZZARD INC. COM 00507v109 122 11000 SH Sole 11000 ADVANCED VIRAL RESEARCH CORP COM 7928104 0 10000 SH Sole 10000 ALBEMARLE COM 12653101 505 13875 SH Sole 700 13175 ALBERTO CULVER COMPANY COM 13078100 732 25000 SH Sole 10000 15000 ALCOA INC. COM 13817101 530 32850 SH Sole 1900 30950 AMERICAN TOWER CORP-CL A COM 29912201 853 19750 SH Sole 500 19250 AMPHENOL CORP. COM 32095101 610 13200 SH Sole 9000 4200 APPLE INC COM 37833100 329 1560 SH Sole 25 1535 AQUA AMERICA INC COM 03836W103 373 21315 SH Sole 650 20665 AT& T INC COM 00206r102 2315 82595 SH Sole 16335 66260 AUTOMATIC DATA PROCESSING COM 53015103 492 11500 SH Sole 200 11300 BANCO SANTANDER SA-SPONS ADR COM 05964h105 705 42880 SH Sole 1730 41150 BANK OF AMERICA CORP. COM 60505104 1941 128884 0SH Sole 13275 1 15609 BARE ESCENTUALS INC. COM 67511105 306 25000 SH Sole 25000 BECTON DICKINSON & CO COM 75887109 1589 20155 SH Sole 20155 BERKSHIRE HATHAWAY INC CL B COM 84670702 1117 340 SH Sole 340 BLACK & DECKER CORP COM 91797100 2301 35500 SH Sole 8000 27500 BLACK HILLS CORPORATION COM 92113109 266 10000 SH Sole 10000 BRISTOL MYERS SQUIBB COMPANY COM 110122108 2402 95130 SH Sole 11800 83330 BUCKLE INC. COM 118440106 1200 41000 SH Sole 10000 31000 CABOT OIL & GAS CORP COM 127097103 262 6000 SH Sole 6000 CAMECO CORP. COM 13321l108 579 18000 SH Sole 14000 4000 CAMERON INTERNATIONAL CORP COM 13342b105 779 18640 SH Sole 10100 8540 CAPITALSOURCE COM 14055x102 130 32727.11 SH Sole 10500 22227.11 CAPSTEAD MORTGAGE CORP COM 14067E506 201 14697.92 SH Sole 14697.92 CARPENTER TECHNOLOGY COM 144285103 269 10000 SH Sole 10000 CATERPILLAR INC COM 149123101 1272 22315 SH Sole 500 21815 CHICAGO BRIDGE AND IRON -NY SH COM 167250109 283 14000 SH Sole 14000 CHURCH & DWIGHT CO COM 171340102 1088 18000 SH Sole 18000 CISCO SYS INC COM COM 17275R102 644 26883 SH Sole 1780 25103 CITIGROUP COM 172967101 248 75000 SH Sole 1600 73400 CLOROX COMPANY COM 189054109 3532 57898 SH Sole 8675 49223 COCA COLA CO COM 191216100 622 10904 SH Sole 10904 COMCAST CORP-CL A COM 20030n101 740 43880 SH Sole 3548 40332 CONAGRA INC COM 205887102 1079 46800 SH Sole 46800 CONSTELLATION BRANDS INC-A COM 21036p108 368 23100 SH Sole 20000 3100 CORNING INC COM 219350105 895 46325 SH Sole 2100 44225 CRUCELL N V SPONSORED ADR COM 228769105 202 10000 SH Sole 10000 CSX CORP COM 126408103 937 19320 SH Sole 800 18520 CUBIST PHARMACEUTICAL COM 229678107 190 10000 SH Sole 10000 CVS CORP COM 126650100 533 16545 SH Sole 900 15645 DECKERS OUTDOOR CORP COM 243537107 1363 13400 SH Sole 3000 10400 DEL MONTE FOODS CO. COM 24522p103 1514 133500 0SH Sole 50000 83500 DELL INC. COM 24702r101 154 10700 SH Sole 200 10500 DELUXE CORP COM 248019101 1166 78820 SH Sole 17120 61700 DENTSPLY INTERNATIONAL INC COM 249030107 549 15600 SH Sole 10000 5600 DEVON ENERGY CORP COM 25179m103 301 4100 SH Sole 100 4000 DIAMOND OFFSHORE DRILLING COM 25271C102 354 3600 SH Sole 3600 DIONEX CORP COM 254546104 369 5000 SH Sole 5000 DOMINION RESOURCES INC.-INC/VA COM 25746U109 803 20626 SH Sole 20626 DREAMWORKS ANIMATION SKG-A COM 26153c103 599 15000 SH Sole 10000 5000 DU PONT E I DE NEMOURS COM 263534109 959 28487 SH Sole 1200 27287 DUKE ENERGY CORP. COM 26441C105 1644 95534 SH Sole 95534 EDISON INTERNATIONAL COM 281020107 424 12200 SH Sole 10000 2200 EMC CORP. COM 268648102 307 17553 SH Sole 1200 16353 EMERSON ELEC CO COM 291011104 912 21400 SH Sole 15000 6400 ENERGEN CORP COM 29265n108 524 11200 SH Sole 10000 1200 ENERGIZER HOLDINGS INC. COM 29266r108 1042 17000 SH Sole 8000 9000 ESTEE LAUDER COMPANIES - CL A COM 518439104 800 16550 SH Sole 700 15850 EVERGREEN ENERGY INC. COM 30024b104 4 12000 SH Sole 1500 10500 EXXON MOBIL CORPORATION COM 30231g102 3388 49679 SH Sole 1050 48629 FLEXTRONICS INTL LTD COM Y2573F102 181 24800 SH Sole 20000 4800 FLOWERS FOODS INC. COM 343498101 76649 3225963 33SH Sole 1622577 16 3386.33 FORD MOTOR CO. COM 345370860 185 18500 SH Sole 18500 FOREST OIL CORPORATION COM 346091705 619 27815 SH Sole 800 27015 FRONTIER COMMUNICATIONS COM 35906a108 156 20000 SH Sole 20000 GENERAL ELEC CO COM 369604103 2018 133405 0SH Sole 8130 1 25275 GOLDMAN SACHS GROUP COM 38141G104 249 1475 SH Sole 175 1300 GTX INC COM 40052b108 84 20000 SH Sole 20000 HCC INSURANCE HOLDINGS INC COM 404132102 589 21050 SH Sole 700 20350 HEINZ H J CO COM 423074103 1304 30500 SH Sole 30500 HENRY SCHEIN INC. COM 806407102 321 6100 SH Sole 6100 HOME DEPOT INC COM 437076102 1648 56950 SH Sole 56950 HONEYWELL INTERNATIONAL INC. COM 438516106 364 9292 SH Sole 1350 7942 HUDSON CITY BANCORP INC. COM 443683107 472 34400 SH Sole 200 34200 I SHARES SILVER TRUST COM 46428q109 248 15000 SH Sole 15000 ILLINOIS TOOL WKS INC COM COM 452308109 764 15930 SH Sole 200 15730 INTERNATIONAL BUSINESS MACHINE COM 459200101 273 2089 SH Sole 300 1789 INTERNATIONAL PAPER COMPANY COM 460146103 468 17465 SH Sole 400 17065 ITRON INC COM 465741106 1961 29020 SH Sole 5000 24020 JARDEN CORPORATION COM 471109108 649 21000 SH Sole 10000 11000 JM SMUCKER CO/THE -NEW COMMON COM 832696405 1358 22000 SH Sole 22000 JOHNSON & JOHNSON COM 478160104 2800 43475 SH Sole 900 42575 JP MORGAN CHASE & CO COM 46625h100 240 5764 SH Sole 364 5400 KAPSTONE PAPER & PACKAGING COM 48562p103 324 33000 SH Sole 30000 3000 KINROSS GOLD COM 496902404 225 12235 SH Sole 12235 KRAFT FOODS INC-A COM 50075n104 452 16623 SH Sole 16623 L-3 COMMUNICATIONS HLDGS INC. COM 502424104 243 2800 SH Sole 500 2300 LABRANCHE & CO INC. COM 505447102 185 65000 SH Sole 25000 40000 LIFEPOINT HOSPITALS INC COM 53219L109 371 11400 SH Sole 100 11300 LOEWS CORP COM COM 540424108 218 6000 SH Sole 6000 LOWES COS INC COM 548661107 468 20000 SH Sole 20000 LSI LOGIC CORP COM 502161102 505 84000 SH Sole 50000 34000 LUBRIZOL CORP COM COM 549271104 2151 29481 SH Sole 15000 14481 MAGELLAN PETROLEUM CORP COM 559091301 35 20000 SH Sole 20000 MARKECT VECTORS AGRIBUSINESS COM 57060u605 219 5000 SH Sole 5000 MARTEK BIOSCIENCES COM 572901106 207 10900 SH Sole 10000 900 MCCORMICK & CO-NON VTG SHRS COM 579780206 361 10000 SH Sole 10000 MCDONALDS CORP COM 580135101 667 10675 SH Sole 700 9975 MCMORAN EXPLORATION CO COM 582411104 1125 140240 0SH Sole 18440 1 21800 MEDCO HEALTH SOLUTIONS INC COM 58405u102 959 15000 SH Sole 15000 MERCK & CO INC (NEW) COM 58933Y105 248 6775.4 SH Sole 1208.4 5567 METROPOLITAN HEALTH NETWORKS I COM 592142103 20 10000 SH Sole 10000 MICROSOFT CORP COM 594918104 2210 72498 SH Sole 3560 68938 NEWELL RUBBERMAID INC COM 651229106 690 46000 SH Sole 46000 NORTHWESTERN CORPORATION COM 668074305 263 10100 SH Sole 10000 100 NYSE EURONEXT - was NYSE Group COM 629491101 1469 58055 SH Sole 620 57435 PARKER HANNIFIN CORP COM 701094104 485 9000 SH Sole 9000 PEPSICO INC COM 713448108 887 14585 SH Sole 800 13785 PFIZER INC COM 717081103 2622 144154 0SH Sole 1000 1 43154 PLATINUM UNDERWRITER HOLDINGS COM g7127P100 417 10900 SH Sole 10300 600 POLYONE CORP COM 73179p106 353 47250 SH Sole 47250 PRESTIGE BRANDS HOLDINGS INC. COM 74112d101 126 16079 SH Sole 200 15879 PROCTER & GAMBLE CO. COM 742718109 2796 46111 SH Sole 250 45861 PROJECT GROUP INC COM 74338q100 0 50000 SH Sole 15000 35000 PULTE CORP COM COM 745867101 250 25000 SH Sole 25000 QUEST DIAGNOSTICS INC COM 74834L100 571 9450 SH Sole 8000 1450 RAIL AMERICA INC COM 357023100 477 24070 SH Sole 1000 23070 RAM ENERGY RESOURCES INC. COM 75130p109 47 23000 SH Sole 23000 RAYONIER INC COM 754907103 253 6000 SH Sole 6000 REPUBLIC SERVICES INC COM 760759100 542 19150 SH Sole 15000 4150 ROCKWELL COLLINS INC COM COM 774341101 554 10000 SH Sole 10000 ROSS STORES INC COM 778296103 256 6000 SH Sole 6000 ROWAN COS INC COM 779382100 453 20000 SH Sole 15000 5000 SARA LEE CORP COM 803111103 289 23700 SH Sole 20000 3700 SCANA CORP COM 80589m102 228 6050 SH Sole 6050 SCHLUMBERGER LTD COM 806857108 2467 37900 SH Sole 10100 27800 SENSIENT TECHNOLOGIES CORP COM 81725t100 697 26500 SH Sole 15000 11500 SNAP ON INC COM COM 833034101 1669 39500 SH Sole 30000 9500 SOUTH JERSEY INDUSTRIES COM 838518108 305 8000 SH Sole 8000 SOUTHWEST WATER CO COM 845331107 112 18940 SH Sole 18940 SPDR GOLD TRUST COM 78463V107 354 3300 SH Sole 3200 100 SPECTRA ENERGY CORP COM 874560109 578 28167 SH Sole 28167 SPRINT NEXTEL CORP COM 852061100 412 112500 0SH Sole 52000 60500 STANLEY WORKS COM 854616109 1087 21100 SH Sole 21100 STAPLES INC COM 855030102 1030 41880 SH Sole 1125 40755 STARBUCKS CORP COM 855244109 1482 64248 SH Sole 350 63898 STEEL DYNAMICS INC. COM 858119100 301 17000 SH Sole 15000 2000 STERICYCLE INC. COM 858912108 590 10700 SH Sole 8000 2700 STERIS CORP COM 859152100 420 15000 SH Sole 15000 SUN HEALTHCARE COM 866933401 193 21000 SH Sole 20000 1000 SUPERIOR ENERGY SERVICES INC. COM 868157108 788 32450 SH Sole 800 31650 TARGET CORP. COM 8.76E+110 1039 21471 SH Sole 21471 TECO ENERGY INC COM 872375100 600 37000 SH Sole 37000 TOOTSIE ROLL INDUST 890516107 3988 145657.8 6SH Sole 23482.81 1 22175.05 TRANSOCEAN LTD (ORDINARY SHARE COM h8817h100 459 5546 SH Sole 250 5296 TRAVELERS COS INC/THE COM 8.94E+113 1073 21523 SH Sole 10000 11523 ULTRASHORT DOW30 PROSHARES COM 74347r867 250 8500 SH Sole 600 7900 UNITED STATES STEEL CORPORATIO COM 912909108 551 10000 SH Sole 10000 URANIUM ENERGY COM 916896103 38 10000 SH Sole 10000 VALERO ENERGY CORP COM 91913y100 1221 72910 SH Sole 4300 68610 VCA ANTECH INC COM COM 918194101 249 10000 SH Sole 10000 VERIZON COMMUNICATIONS COM 92343v104 748 22566 SH Sole 732 21834 WAL MART STORES INC COM 931142103 3538 66200 SH Sole 600 65600 WATERS CORP COM 941848103 217 3500 SH Sole 3500 WATSCO INC COM 942622200 269 5500 SH Sole 5500 WD-40 COMPANY COM 929236107 2321 71720 SH Sole 10700 61020 WESTERN UNION COM 959802109 892 47345 SH Sole 2500 44845 WHIRLPOOL COM 963320106 508 6300 SH Sole 5000 1300 WHITE MOUNTAIN INSURANCE GROUP COM g9618e107 599 1801 SH Sole 20 1781 WILLIAMS COS INC. COM 969457100 1472 69830 SH Sole 4100 65730 YAHOO! INC COM 984332106 732 43650 SH Sole 1600 42050