Latest Mraz, Amerine & Associates, Inc. Stock Portfolio

Mraz, Amerine & Associates, Inc. Performance:

2025 Q3: 2.56%YTD: 2.29%2024: 7.3%

Performance for 2025 Q3 is 2.56%, and YTD is 2.29%, and 2024 is 7.3%.

About Mraz, Amerine & Associates, Inc. and 13F Hedge Fund Stock Holdings

Mraz, Amerine & Associates, Inc. is a hedge fund based in MODESTO, CA. On 10-Apr-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $586.8 Millions. In it's latest 13F Holdings report, Mraz, Amerine & Associates, Inc. reported an equity portfolio of $642 Millions as of 30 Sep, 2025.

The top stock holdings of Mraz, Amerine & Associates, Inc. are , , WRB. The fund has invested 12.8% of it's portfolio in BERKSHIRE HATHAWAY INC DEL and 7.9% of portfolio in FAIRFAX FINL HLDGS LTD SUB VTG.

The fund managers got completely rid off ENSTAR GROUP LIMITED (ESGR), LIMBACH HLDGS INC (LMB) and NORFOLK SOUTHN CORP (NSC) stocks. They significantly reduced their stock positions in VANGUARD SPECIALIZED FUNDS (VIG), HERSHEY CO (HSY) and TEXAS INSTRS INC (TXN). Mraz, Amerine & Associates, Inc. opened new stock positions in UNIQURE NV (QURE), ALPHABET INC (GOOG) and WARRIOR MET COAL INC (HCC). The fund showed a lot of confidence in some stocks as they added substantially to MERCK & CO INC (MRK), AMENTUM HOLDINGS INC and GREENLIGHT CAPITAL RE LTD (GLRE).

Mraz, Amerine & Associates, Inc. Annual Return Estimates Vs S&P 500

Our best estimate is that Mraz, Amerine & Associates, Inc. made a return of 2.56% in the last quarter. In trailing 12 months, it's portfolio return was 4.84%.

New Buys

Ticker	$ Bought
uniqure nv	543,950
alphabet inc	229,486
alphabet inc	207,813
warrior met coal inc	200,466
rlj lodging tr	100,800

New stocks bought by Mraz, Amerine & Associates, Inc.

Additions

Ticker	% Inc.
merck & co inc	297
amentum holdings inc	241
greenlight capital re ltd	114
american intl group inc	93.37
willscot hldgs corp	89.97
fifth third bancorp	61.44
pgim etf tr	59.25
halliburton co	27.01

Additions to existing portfolio by Mraz, Amerine & Associates, Inc.

Reductions

Ticker	% Reduced
vanguard specialized funds	-33.64
hershey co	-32.13
texas instrs inc	-28.1
pnc finl svcs group inc	-24.24
exxon mobil corp	-15.23
millrose pptys inc	-14.1
cleveland-cliffs inc new	-13.28
vanguard malvern fds	-10.51

Mraz, Amerine & Associates, Inc. reduced stake in above stock

Sold off

Ticker	$ Sold
enstar group limited	-17,613,200
cto rlty growth inc new	-283,012
limbach hldgs inc	-490,350
liberty broadband corp	-270,545
vanguard intl equity index f	-200,415
procter and gamble co	-206,001
targa res corp	-207,503
norfolk southn corp	-295,645

Mraz, Amerine & Associates, Inc. got rid off the above stocks

Sector Distribution

Mraz, Amerine & Associates, Inc. has about 48.3% of it's holdings in Others sector.

Sector	%
Others	48.3
Financial Services	32.4
Energy	6.4
Technology	3.1
Industrials	2.1
Healthcare	1.7
Basic Materials	1.7
Communication Services	1.4
Consumer Cyclical	1.3

Market Cap. Distribution

Mraz, Amerine & Associates, Inc. has about 38.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	48.3
LARGE-CAP	34.1
MID-CAP	11.8
MEGA-CAP	4.1
SMALL-CAP	1.6

Stocks belong to which Index?

About 29.4% of the stocks held by Mraz, Amerine & Associates, Inc. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	70.6
S&P 500	25.3
RUSSELL 2000	4.1

Top 5 Winners (%)		%
HOUS	anywhere real estate inc	192.5 %
TTI	tetra technologies inc del	71.1 %
WBD	warner bros discovery inc	70.4 %
CLF	cleveland-cliffs inc new	60.5 %
M	macys inc	53.8 %

Top 5 Winners ($)		$
JEF	jefferies finl group inc	6.1 M
L	loews corp	2.3 M
WRB	berkley w r corp	2.0 M
WBD	warner bros discovery inc	1.9 M
JNJ	johnson & johnson	0.9 M

Top 5 Losers (%)		%
OEC	orion s.a.	-26.5 %
TWI	titan intl inc ill	-26.4 %
IDT	idt corp	-23.4 %
AR	antero resources corp	-16.3 %
SLM	slm corp	-15.6 %

Top 5 Losers ($)		$
WTM	white mtns ins group ltd	-2.7 M
MKL	markel group inc	-1.6 M
AR	antero resources corp	-1.0 M
CACC	credit accep corp mich	-0.6 M
UHAL	u haul holding company	-0.3 M

Mraz, Amerine & Associates, Inc. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Mraz, Amerine & Associates, Inc.

Mraz, Amerine & Associates, Inc. has 188 stocks in it's portfolio. About 57.5% of the portfolio is in top 10 stocks. WTM proved to be the most loss making stock for the portfolio. JEF was the most profitable stock for Mraz, Amerine & Associates, Inc. last quarter.

Last Reported on: 06 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	0.58	14,746	3,754,690	reduced	-5.79

AAXJ	ishares tr	0.09	6,530	604,635	reduced	-0.93

ABT	abbott labs	0.10	4,727	633,134	reduced	-5.65

ADES	arq inc	0.01	11,300	80,908	unchanged	0.00

AEMB	american centy etf tr	2.59	167,186	16,640,000	added	2.79

AEMB	american centy etf tr	1.84	132,561	11,801,900	added	7.4

AEMB	american centy etf tr	0.79	67,503	5,070,170	added	26.32

AEMB	american centy etf tr	0.16	17,346	995,138	reduced	-0.44

AGO	assured guaranty ltd	0.14	10,543	892,465	reduced	-4.31

AIG	american intl group inc	0.22	17,823	1,399,820	added	93.37

AMAT	applied matls inc	0.08	2,465	504,684	unchanged	0.00

AMBC	ambac finl group inc	0.02	18,250	152,205	reduced	-3.18

AMGN	amgen inc	0.39	8,915	2,515,940	reduced	-1.47

AMR	alpha metallurgical resour i	0.38	14,772	2,423,940	reduced	-0.71

APD	air prods & chems inc	0.16	3,895	1,062,370	added	0.28

AR	antero resources corp	0.78	149,174	5,006,280	added	3.12

ARCO	arcos dorados holdings inc	0.02	17,665	119,239	added	16.49

AVGO	broadcom inc	0.17	3,400	1,121,690	unchanged	0.00

AXP	american express co	0.22	4,355	1,446,530	unchanged	0.00

BAC	bank america corp	0.06	7,161	369,436	unchanged	0.00