Latest Mraz, Amerine & Associates, Inc. Stock Portfolio

$678Million– No. of Holdings #189

Mraz, Amerine & Associates, Inc. Performance:

2026 Q1: 0.46%YTD: 0.46%2025: 9.78%

Performance for 2026 Q1 is 0.46%, and YTD is 0.46%, and 2025 is 9.78%.

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

Mraz, Amerine & Associates, Inc. is a hedge fund based in Modesto, CA. On 2026-05-05, the fund reported it's updated stock portfolio. In the 13F Holdings report, Mraz, Amerine & Associates, Inc. reported an equity portfolio of $678.2 Millions as of 31 Mar, 2026.

The top stock holdings of Mraz, Amerine & Associates, Inc. are , FRFHF, WTM. The fund has invested 11.2% of it's portfolio in BERKSHIRE HATHAWAY INC DEL and 7.3% of portfolio in FAIRFAX FINL HLDGS LTD SUB VTG.

The fund managers got completely rid off WARNER BROS DISCOVERY INC (WBD), TEXAS INSTRS INC (TXN) and LITHIA MTRS INC (LAD) stocks. They significantly reduced their stock positions in CROSS TIMBERS RTY TR (CRT), WELLS FARGO & CO (WFC) and SOUTHERN CO (SO). Mraz, Amerine & Associates, Inc. opened new stock positions in ISHARES TR (DMXF), MCKESSON CORP (MCK) and ZOETIS INC (ZTS). The fund showed a lot of confidence in some stocks as they added substantially to ALPHABET INC (GOOG), BURFORD CAPITAL LIMITED (BUR) and CABLE ONE INC (CABO).

Mraz, Amerine & Associates, Inc. Equity Portfolio Value

Last Reported on: 05 May, 2026

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

Our best estimate is that Mraz, Amerine & Associates, Inc. made a return of 0.46% in the last quarter. In trailing 12 months, it's portfolio return was 8.81%.

Performance
S&P 500

New Buys

Ticker	$ Bought
ishares tr	618,361
mckesson corp	310,664
zoetis inc	282,877
entergy corp new	241,012
energy transfer l p	239,464
seadrill ltd	225,999
royalty pharma plc	218,264
electrovaya inc	216,028

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

Additions

Ticker	% Inc.
alphabet inc	36.87
burford capital limited	27.97
cable one inc	27.11
wisdomtree tr	14.43
octave specialty group inc	13.19
brookfield corp	12.89
amentum holdings inc	12.08
japan smaller capitalization	11.87

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

Reductions

Ticker	% Reduced
cross timbers rty tr	-69.97
wells fargo & co	-65.05
southern co	-59.48
orion s.a.	-41.08
illinois tool wks inc	-40.54
sprott asset management lp	-38.89
sempra	-36.04
bank america corp	-27.93

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

Sold off

Ticker	$ Sold
warner bros discovery inc	-3,330,300
diana shipping inc	-55,532
rlj lodging tr	-104,300
anywhere real estate inc	-141,600
uniqure nv	-203,285
millrose pptys inc	-201,623
u haul holding company	-209,504
cisco sys inc	-217,610

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

Sector Distribution

Mraz, Amerine & Associates, Inc. has about 50.5% of it's holdings in Others sector.

Others
Financial Services
Energy
Technology
Healthcare
Industrials
Basic Materials

Sector	%
Others	50.5
Financial Services	29.8
Energy	8.6
Technology	2.3
Healthcare	2
Industrials	1.9
Basic Materials	1.9

Market Cap. Distribution

Mraz, Amerine & Associates, Inc. has about 35.1% of it's portfolio invested in the large-cap and mega-cap stocks.

UNALLOCATED
LARGE-CAP
MID-CAP
MEGA-CAP

Category	%
UNALLOCATED	50.5
LARGE-CAP	30.9
MID-CAP	13.3
MEGA-CAP	4.2

Stocks belong to which Index?

About 28.6% of the stocks held by Mraz, Amerine & Associates, Inc. either belong to S&P 500 or RUSSELL 2000 index.

Others
S&P 500
RUSSELL 2000

Index	%
Others	71.3
S&P 500	23.5
RUSSELL 2000	5.1

Top 5 Winners (%)		%
KOS	kosmos energy ltd	206.4 %
VAL	valaris ltd	94.5 %
	sable offshore corp	83.2 %
DOW	dow hldgs inc	77.9 %
REI	ring energy inc	75.9 %

Top 5 Winners ($)		$
CNQ	canadian nat res ltd med ter	3.5 M
CVE	cenovus energy inc	3.5 M
OXY	occidental pete corp	3.2 M
WTM	white mtns ins group ltd	2.7 M
VAL	valaris ltd	1.8 M

Top 5 Losers (%)		%
BUR	burford capital limited	-46.4 %
AMBC	octave specialty group inc	-38.8 %
JEF	jefferies financial group in	-32.8 %
GEOS	geospace technologies corp	-27.9 %
BR	broadridge finl solutions in	-26.7 %

Top 5 Losers ($)		$
JEF	jefferies financial group in	-12.3 M
FRFHF	fairfax finl hldgs ltd sub vtg	-5.9 M
MKL	markel group inc	-4.5 M
	berkshire hathaway inc del	-3.8 M
WRB	berkley w r corp	-2.4 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 189 stocks in it's portfolio. About 56.5% of the portfolio is in top 10 stocks. JEF proved to be the most loss making stock for the portfolio. CNQ was the most profitable stock for Mraz, Amerine & Associates, Inc. last quarter.

Last Reported on: 05 May, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	0.54	14,544	3,691,070	reduced	-1.27

AAXJ	ishares tr	0.11	5,918	739,117	reduced	-8.05

ABEV	ambev sa	0.30	706,309	2,062,420	reduced	-0.05

ABT	abbott laboratories	0.07	4,727	485,321	unchanged	0.00

ACWF	ishares tr	0.41	54,614	2,765,110	added	3.44

ADES	arq inc	0.00	11,300	28,928	unchanged	0.00

AEM	agnico eagle mines ltd	0.07	2,433	493,850	unchanged	0.00

AEMB	american centy etf tr	2.72	166,886	18,435,900	reduced	-0.91

AEMB	american centy etf tr	1.97	133,957	13,377,000	added	0.53

AEMB	american centy etf tr	0.91	76,662	6,177,460	added	5.77

AEMB	american centy etf tr	0.15	17,165	1,029,560	reduced	-0.63

AGO	assured guaranty ltd	0.12	10,053	819,118	reduced	-0.48

AIG	american intl group inc	0.24	21,276	1,601,020	added	7.99

AMAT	applied matls inc	0.10	2,055	702,378	unchanged	0.00

AMBC	octave specialty group inc	0.01	21,450	99,743	added	13.19

AMCX	amc networks inc	0.03	28,950	196,571	new

AMGN	amgen inc	0.40	7,712	2,713,620	reduced	-12.31

AMR	alpha metallurgical resour i	0.80	26,462	5,431,860	added	0.09

APD	air products and chemicals i	0.16	3,819	1,109,470	reduced	-2.28

AR	antero resources corp	0.97	155,154	6,584,740	added	2.91