Latest Mraz, Amerine & Associates, Inc. Stock Portfolio

Mraz, Amerine & Associates, Inc. Performance:

2025 Q4: 1.33%YTD: 9.66%2024: 11.77%

Performance for 2025 Q4 is 1.33%, and YTD is 9.66%, and 2024 is 11.77%.

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

Mraz, Amerine & Associates, Inc. is a hedge fund based in Modesto, CA. On 2026-02-06, the fund reported it's updated stock portfolio. In the 13F Holdings report, Mraz, Amerine & Associates, Inc. reported an equity portfolio of $673 Millions as of 31 Dec, 2025.

The top stock holdings of Mraz, Amerine & Associates, Inc. are , , WTM. The fund has invested 12.1% of it's portfolio in BERKSHIRE HATHAWAY INC DEL and 8.2% of portfolio in FAIRFAX FINL HLDGS LTD SUB VTG.

The fund managers got completely rid off PGIM ETF TR (PAB), DIVERSIFIED ENERGY COMPANY P and CLEVELAND-CLIFFS INC NEW (CLF) stocks. They significantly reduced their stock positions in JANUS DETROIT STR TR (JAAA), WARNER BROS DISCOVERY INC (WBD) and CABLE ONE INC (CABO). Mraz, Amerine & Associates, Inc. opened new stock positions in ISHARES TR (ACWF), DIVERSIFIED ENERGY CO and MICRON TECHNOLOGY INC (MU). The fund showed a lot of confidence in some stocks as they added substantially to WISDOMTREE TR (DWMF), TEXAS PACIFIC LAND (TPL) and AMENTUM HOLDINGS INC.

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

Our best estimate is that Mraz, Amerine & Associates, Inc. made a return of 1.33% in the last quarter. In trailing 12 months, it's portfolio return was 9.66%.

Performance
S&P 500

New Buys

Ticker	$ Bought
ishares tr	2,664,090
diversified energy co	2,169,320
qnity electronics inc	490,635
micron technology inc	228,328
united therapeutics corp	219,263
spdr gold tr	215,196
targa res corp	207,563
rio tinto plc	202,556

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

Additions

Ticker	% Inc.
wisdomtree tr	220
texas pacific land	173
amentum holdings inc	120
orion s.a.	95.36
alpha metallurgical resour	78.98
brookfield corp	74.97
willscot hldgs corp	65.72
burford cap ltd	65.51

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

Reductions

Ticker	% Reduced
janus detroit str tr	-98.53
warner bros discovery inc	-51.31
cable one inc	-35.87
csw industrials inc	-35.62
eli lilly & co	-28.57
capital southwest corp	-27.22
enbridge inc	-25.22
millrose pptys inc	-24.86

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

Sold off

Ticker	$ Sold
cleveland-cliffs inc new	-1,847,450
diversified energy company p	-2,107,240
pgim etf tr	-2,228,970
source capital	-210,108
zoetis inc	-221,236
alphabet inc	-207,813

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

Sector Distribution

Mraz, Amerine & Associates, Inc. has about 49.1% of it's holdings in Others sector.

Sector	%
Others	49.1
Financial Services	32.6
Energy	6.2
Technology	2.8
Industrials	2
Healthcare	1.8
Basic Materials	1.8
Consumer Cyclical	1.1
Communication Services	1.1

Market Cap. Distribution

Mraz, Amerine & Associates, Inc. has about 36.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	49.1
LARGE-CAP	32.6
MID-CAP	12.7
MEGA-CAP	3.9
SMALL-CAP	1.5

Stocks belong to which Index?

About 28.2% of the stocks held by Mraz, Amerine & Associates, Inc. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	71.8
S&P 500	23.7
RUSSELL 2000	4.5

Top 5 Winners (%)		%
TTI	tetra technologies inc del	63.0 %
PSLV	sprott asset management lp	50.6 %
HCC	warrior met coal inc	38.5 %
WBD	warner bros discovery inc	35.4 %
LLY	eli lilly & co	35.0 %

Top 5 Winners ($)		$
WTM	white mtns ins group ltd	9.2 M
	fairfax finl hldgs ltd sub vtg	4.6 M
MKL	markel group inc	4.5 M
WBD	warner bros discovery inc	1.6 M
L	loews corp	1.3 M

Top 5 Losers (%)		%
TPL	texas pacific land	-60.6 %
QURE	uniqure nv	-56.4 %
ADES	arq inc	-54.3 %
DD	dupont de nemours inc	-48.4 %
KOS	kosmos energy ltd	-45.3 %

Top 5 Losers ($)		$
	brookfield corp	-7.2 M
WRB	berkley w r corp	-4.1 M
TPL	texas pacific land	-3.7 M
JEF	jefferies finl group inc	-2.0 M
	burford cap ltd	-0.9 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 192 stocks in it's portfolio. About 59.9% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. WTM was the most profitable stock for Mraz, Amerine & Associates, Inc. last quarter.

Last Reported on: 06 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	0.60	14,731	4,004,700	reduced	-0.1

AAXJ	ishares tr	0.09	6,436	574,446	reduced	-1.44

ABT	abbott labs	0.09	4,727	592,246	unchanged	0.00

ACWF	ishares tr	0.40	52,796	2,664,090	new

ADES	arq inc	0.00	11,300	36,951	unchanged	0.00

AEMB	american centy etf tr	2.55	168,418	17,175,200	added	0.74

AEMB	american centy etf tr	1.86	133,253	12,521,800	added	0.52

AEMB	american centy etf tr	0.83	72,483	5,582,650	added	7.38

AEMB	american centy etf tr	0.15	17,273	1,007,200	reduced	-0.42

AGO	assured guaranty ltd	0.14	10,101	907,777	reduced	-4.19

AIG	american intl group inc	0.25	19,701	1,685,420	added	10.54

AMAT	applied matls inc	0.08	2,055	528,114	reduced	-16.63

AMBC	octave specialty group inc	0.02	18,950	147,431	added	3.84

AMGN	amgen inc	0.43	8,795	2,878,840	reduced	-1.35

AMR	alpha metallurgical resour	0.78	26,439	5,284,630	added	78.98

APD	air prods & chems inc	0.14	3,908	965,330	added	0.33

AR	antero resources corp	0.77	150,769	5,195,500	added	1.07

ARCO	arcos dorados holdings inc	0.02	19,665	144,341	added	11.32

AVGO	broadcom inc	0.17	3,400	1,176,740	unchanged	0.00

AXP	american express co	0.24	4,305	1,592,680	reduced	-1.15