MA
Mraz, Amerine & Associates, Inc. 13F Holdings (199 Positions, Q2 2026)
Mraz, Amerine & Associates, Inc.CIK: 0001542324
Diversified strategySector-focusedMomentum follower
Total reported value
$697.1M
Reporting period: 2026-06-30 · Number of holdings: 199
Mraz, Amerine & Associates, Inc. disclosed 199 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $697.1M and a quarterly turnover rate of 11.2%.
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Personality snowflake
- Concentration
- 16.42
- Portfolio Stability
- 11.18
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 73.15
Mraz, Amerine & Associates, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.041 — mathematically equivalent to about 24 equally-sized positions, well below its 199 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.68), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 52% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd JEF
+0.5% $5.5M
Trim WTM
+0.2% -$2.7M
Sold out CTRA
Add DVN
+180.4% $2.8M
New buy COF
Trim FRFHF
+1.1% -$1.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 11.24% | +0.03% | -1.35% | |
| 2 | FRFHF | Fairfax Financial Hldgs LTD | Stock-Other | 6.95% | -0.36% | +1.11% | |
| 3 | WTM | White Mountains Insurance Group, Ltd. | Stock-Financials | 6.61% | -0.57% | +0.18% | |
| 4 | WRB | Wr Berkley CORP | Stock-Financials | 6.43% | +0.27% | +0.82% | |
| 5 | USFR | Wisdomtree Floating Rate Tre | ETF-Other | 6.21% | +0.11% | +4.52% | |
| 6 | MKL | Markel Group Inc | Stock-Financials | 5.49% | +0.09% | +2.47% | |
| 7 | JEF | Jefferies Financial Group In | Stock-Financials | 4.42% | +0.68% | +0.46% | |
| 8 | L | Loews CORP | Stock-Financials | 4.15% | +0.17% | +0.85% | |
| 9 | AVUV | Avantis US Small Cap Value | ETF-Small Cap | 2.96% | +0.24% | -1.02% | |
| 10 | BN | Brookfield CORP | Stock-Financials | 2.85% | +0.15% | +2.96% | |
| 11 | DFIV | Dimensional International Va | ETF-Other | 2.13% | +0.03% | +1.63% | |
| 12 | AVDV | Avantis Intl S/c Value ETF | ETF-Other | 1.98% | +0.01% | +0.13% | |
| 13 | CNQ | Canadian Natural Resources | Stock-Energy | 1.34% | -0.34% | +1.01% | |
| 14 | CVE | Cenovus Energy Inc | Stock-Energy | 1.31% | -0.11% | +1.01% | |
| 15 | AVEM | Avantis Emerging Markets Eq | ETF-Emerging Markets | 1.03% | +0.12% | -3.01% | |
| 16 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.02% | — | -1.27% | |
| 17 | UHAL-B | U-haul Holding Co-non Voting | Stock-Other | 0.96% | +0.19% | -0.84% | |
| 18 | MSFT | Microsoft CORP | Stock-Tech | 0.94% | -0.04% | -1.45% | |
| 19 | OXY | Occidental Petroleum CORP | Stock-Energy | 0.94% | -0.33% | +1.73% | |
| 20 | SLB | Slb LTD | Stock-Energy | 0.83% | -0.10% | +1.64% | |
| 21 | AR | Antero Resources CORP | Stock-Energy | 0.82% | -0.15% | +4.49% | |
| 22 | CACC | Credit Acceptance CORP | Stock-Other | 0.77% | -0.05% | -36.52% | |
| 23 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.75% | +0.01% | — | |
| 24 | RMT | Royce Micro-cap Trust Inc | Stock-Other | 0.73% | +0.14% | -1.31% | |
| 25 | KF | Korea Fund Inc | Stock-Other | 0.73% | +0.28% | -0.82% | |
| 26 | DVN | Devon Energy CORP | Stock-Energy | 0.71% | +0.39% | +180.39% | |
| 27 | AMR | Alpha Metallurgical Resource | Stock-Other | 0.63% | -0.17% | -0.01% | |
| 28 | AAPL | Apple Inc | Stock-Tech | 0.59% | +0.05% | -1.78% | |
| 29 | GHC | Graham Holdings Co-class B | Stock-Industrials | 0.55% | +0.01% | -2.50% | |
| 30 | OIH | Vaneck Oil Services ETF | ETF-Other | 0.54% | -0.04% | +2.78% | |
| 31 | HAL | Halliburton Co | Stock-Energy | 0.53% | -0.08% | +2.36% | |
| 32 | NVR | Nvr Inc | Stock-Consumer Disc | 0.51% | +0.01% | +1.36% | |
| 33 | TPL | Texas Pacific Land CORP | Stock-Energy | 0.50% | -0.09% | -4.60% | |
| 34 | FCX | Freeport-mcmoran Inc | Stock-Materials | 0.47% | +0.01% | -2.01% | |
| 35 | TDW | Tidewater Inc | Stock-Energy | 0.47% | -0.14% | -0.13% | |
| 36 | WSC | Willscot Holdings CORP | Stock-Industrials | 0.45% | +0.17% | -1.45% | |
| 37 | LEN-B | Lennar CORP - B Shs | Stock-Other | 0.45% | +0.02% | +2.67% | |
| 38 | JOE | St Joe Co/the | Stock-Other | 0.45% | -0.01% | -0.10% | |
| 39 | NMM | Navios Maritime Partners L.P. | Stock-Other | 0.43% | — | — | |
| 40 | TFLO | Ishares Treasury Floating Ra | ETF-Gov Bonds | 0.43% | +0.02% | +7.34% | |
| 41 | SCHW | Schwab (charles) CORP | Stock-Financials | 0.41% | -0.02% | — | |
| 42 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 0.41% | +0.06% | -2.81% | |
| 43 | CUBI | Customers Bancorp Inc | Stock-Other | 0.41% | +0.04% | -1.82% | |
| 44 | AMGN | Amgen Inc | Stock-Healthcare | 0.40% | — | -0.57% | |
| 45 | DISV | Dimensional International Sm | ETF-Other | 0.39% | -0.01% | — | |
| 46 | VAL | Valaris Limited | Stock-Energy | 0.38% | -0.16% | -1.86% | |
| 47 | COF | Capital One Financial CORP | Stock-Financials | 0.37% | +0.37% | NEW | |
| 48 | VTS | Vitesse Energy Inc | Stock-Other | 0.37% | -0.04% | +4.92% | |
| 49 | LUMN | Lumen Technologies Inc | Stock-Comm Services | 0.35% | +0.02% | -0.16% | |
| 50 | NE | Noble Corporation plc | Stock-Energy | 0.35% | -0.12% | +2.31% |
1–50 of 199
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Portfolio Performance
Performance for Q3 2026
+4%
Performance Last 4 Quarters
+13.4%
Based on 86% of reported portfolio value with available pricing
- Stdev
- +11.1%
- Beta
- +0.54
- Alpha
- +5%
- Max Drawdown
- -7.7%
- Annualized Perf
- +16.4%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +3.28
- Stutzer
- +0.43
- Treynor
- +0.29
- Sterling
- +1.12
- Calmar
- +2.13
- Information Ratio
- -0.4
- Tracking Error
- +10.4%
- Stdev Down
- +4.8%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +30.8%
- Worst 12 Months
- +8.6%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.43
- Stdev Sectors
- +17.4%
- Skewness
- +0.4
- Kurtosis
- +0.24
- Upside Potential
- +5.02
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 199 | $697.1M | 11 | ||
| 2026 Q1 | 190 | $678.2M | 14 | ||
| 2025 Q4 | 192 | $673.0M | 18 | ||
| 2025 Q3 | 188 | $642.0M | 22 | ||
| 2025 Q2 | 191 | $623.5M | 0 | ||
| 2025 Q1 | 170 | $582.0M | 0 | ||
| 2024 Q4 | 166 | $561.3M | 0 | ||
| 2024 Q3 | 167 | $552.9M | 0 | ||
| 2024 Q2 | 168 | $486.7M | 0 | ||
| 2024 Q1 | 178 | $529.1M | 0 | ||
| 2023 Q4 | 178 | $477.4M | 0 | ||
| 2023 Q3 | 174 | $443.8M | 0 | ||
| 2023 Q2 | 182 | $425.6M | 0 | ||
| 2023 Q1 | 177 | $406.4M | 0 | ||
| 2022 Q4 | 170 | $424.4M | 0 | ||
| 2022 Q3 | 165 | $372.4M | 0 | ||
| 2022 Q2 | 170 | $389.2M | 0 | ||
| 2022 Q1 | 173 | $420.6M | 0 | ||
| 2021 Q4 | 173 | $389.3M | 0 | ||
| 2021 Q3 | 172 | $366.1M | 0 | ||
| 2021 Q2 | 175 | $368.9M | 100 | ||
| 2021 Q1 | 171 | $344.0M | 16 | ||
| 2020 Q4 | 160 | $301.0M | 16 | ||
| 2020 Q3 | 161 | $268.8M | 14 | ||
| 2020 Q2 | 153 | $269.1M | 14 | ||
| 2020 Q1 | 159 | $254.4M | 33 | ||
| 2019 Q4 | 169 | $350.4M | 9 | ||
| 2019 Q3 | 167 | $336.2M | 10 | ||
| 2019 Q2 | 165 | $336.4M | 11 | ||
| 2019 Q1 | 161 | $321.9M | 11 | ||
| 2018 Q4 | 154 | $302.0M | 21 | ||
| 2018 Q3 | 164 | $337.4M | 14 | ||
| 2018 Q2 | 164 | $330.5M | 18 | ||
| 2018 Q1 | 153 | $316.0M | 8 | ||
| 2017 Q4 | 156 | $326.2M | 9 | ||
| 2017 Q3 | 151 | $316.2M | 9 | ||
| 2017 Q2 | 159 | $321.4M | 7 | ||
| 2017 Q1 | 155 | $320.2M | 9 | ||
| 2016 Q4 | 160 | $318.9M | 12 | ||
| 2016 Q3 | 157 | $292.8M | 7 | ||
| 2016 Q2 | 154 | $285.7M | 12 | ||
| 2016 Q1 | 156 | $271.8M | 11 | ||
| 2015 Q4 | 148 | $262.4M | 9 | ||
| 2015 Q3 | 146 | $252.7M | 20 | ||
| 2015 Q2 | 147 | $266.5M | 12 | ||
| 2015 Q1 | 147 | $267.1M | 8 | ||
| 2014 Q4 | 150 | $264.7M | 13 | ||
| 2014 Q3 | 147 | $259.7M | 13 | ||
| 2014 Q2 | 145 | $258.1M | 9 | ||
| 2014 Q1 | 143 | $239.2M | 12 | ||
| 2013 Q4 | 137 | $224.2M | 12 | ||
| 2013 Q3 | 131 | $208.0M | 10 | ||
| 2013 Q2 | 127 | $196.7M | — |
Holding changes this quarter
Mraz, Amerine & Associates, Inc.'s most significant position changes for 2026-06-30: Sold out: Coterra Energy Inc (CTRA); New buy: Capital One Financial CORP (COF); Sold out: Dupont De Nemours Inc (6D8); New buy: ; New buy: Ishares Msci Brazil Small-ca (EWZS).
Showing top 200 changes by size (of 211 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | JEF | Jefferies Financial Group In | +0.7% | +0.46% | Add |
| 2 | DVN | Devon Energy CORP | +0.4% | +180.39% | Add |
| 3 | COF | Capital One Financial CORP | +0.4% | NEW | New buy |
| 4 | KF | Korea Fund Inc | +0.3% | -0.82% | Trim |
| 5 | WRB | Wr Berkley CORP | +0.3% | +0.82% | Add |
| 6 | AVUV | Avantis US Small Cap Value | +0.2% | -1.02% | Trim |
| 7 | UHAL-B | U-haul Holding Co-non Voting | +0.2% | -0.84% | Trim |
| 8 | L | Loews CORP | +0.2% | +0.85% | Add |
| 9 | WSC | Willscot Holdings CORP | +0.2% | -1.45% | Trim |
| 10 | BN | Brookfield CORP | +0.2% | +2.96% | Add |
| 11 | RMT | Royce Micro-cap Trust Inc | +0.1% | -1.31% | Trim |
| 12 | AVEM | Avantis Emerging Markets Eq | +0.1% | -3.01% | Trim |
| 13 | USFR | Wisdomtree Floating Rate Tre | +0.1% | +4.52% | Add |
| 14 | AMAT | Applied Materials Inc | +0.1% | — | Unchanged |
| 15 | MKL | Markel Group Inc | +0.1% | +2.47% | Add |
| 16 | AVES | Avantis Emerging Markets Val | +0.1% | +44.19% | Add |
| 17 | ✓ | +0.1% | NEW | New buy | |
| 18 | BNY | Bank Of New York Mellon CORP | +0.1% | -2.81% | Trim |
| 19 | EWZS | Ishares Msci Brazil Small-ca | +0.1% | NEW | New buy |
| 20 | PK | Park Hotels & Resorts Inc | +0.1% | NEW | New buy |
| 21 | QURE | uniQure N.V. | +0.1% | NEW | New buy |
| 22 | AAPL | Apple Inc | +0.1% | -1.78% | Trim |
| 23 | Q | Qnity Electronics Inc | +0.1% | +7.17% | Add |
| 24 | CUBI | Customers Bancorp Inc | 0% | -1.82% | Trim |
| 25 | OSCR | Oscar Health Inc - Class A | 0% | NEW | New buy |
| 26 | CAT | Caterpillar Inc | 0% | NEW | New buy |
| 27 | UHAL | U-haul Holding Co | 0% | NEW | New buy |
| 28 | TXN | Texas Instruments Inc | 0% | NEW | New buy |
| 29 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | -1.35% | Trim |
| 30 | DFIV | Dimensional International Va | 0% | +1.63% | Add |
| 31 | JOF | Japan Smaller Capitalization | 0% | +3.53% | Add |
| 32 | BUR | Burford Capital Limited | 0% | +23.28% | Add |
| 33 | KELYA | Kelly Services Inc -a | 0% | NEW | New buy |
| 34 | CSCO | Cisco Systems Inc | 0% | NEW | New buy |
| 35 | NSC | Norfolk Southern CORP | 0% | NEW | New buy |
| 36 | PG | Procter & Gamble Co/the | 0% | NEW | New buy |
| 37 | CWBC | Community West Bancshares | 0% | NEW | New buy |
| 38 | LAD | Lithia Motors Inc | 0% | NEW | New buy |
| 39 | ROK | Rockwell Automation Inc | 0% | NEW | New buy |
| 40 | KOID | Kraneshares Global Humanoid | 0% | NEW | New buy |
| 41 | VGK | Vanguard Ftse Europe ETF | 0% | NEW | New buy |
| 42 | CSIQ | Canadian Solar Inc | 0% | NEW | New buy |
| 43 | GOOGL | Alphabet Inc-cl A | 0% | +17.70% | Add |
| 44 | LEN-B | Lennar CORP - B Shs | 0% | +2.67% | Add |
| 45 | AVGO | Broadcom Inc | 0% | +0.24% | Add |
| 46 | LUMN | Lumen Technologies Inc | 0% | -0.16% | Trim |
| 47 | TFLO | Ishares Treasury Floating Ra | 0% | +7.34% | Add |
| 48 | SBLK | Star Bulk Carriers Corp. | 0% | — | Unchanged |
| 49 | FITB | Fifth Third Bancorp | 0% | — | Unchanged |
| 50 | DFLV | Dim US Large Cap Value ETF | 0% | -2.03% | Trim |
1–50 of 200
Filing History
FAQ
What is Mraz, Amerine & Associates, Inc. and what type of investor is it?
Mraz, Amerine & Associates, Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $697.1M, spread across 199 disclosed positions.
What are Mraz, Amerine & Associates, Inc.'s largest equity positions?
Based on the latest 13F filing, Mraz, Amerine & Associates, Inc.'s top holdings by market value are:
1. Berkshire Hathaway Inc-cl B (BRK-B) — $78.3M (11.2%)
2. Fairfax Financial Hldgs LTD (FRFHF) — $48.5M (7.0%)
3. White Mountains Insurance Group, Ltd. (WTM) — $46.1M (6.6%)
4. Wr Berkley CORP (WRB) — $44.8M (6.4%)
5. Wisdomtree Floating Rate Tre (USFR) — $43.3M (6.2%)
What changes did Mraz, Amerine & Associates, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Mraz, Amerine & Associates, Inc. made 141 notable position adjustments: 21 new positions were initiated, 50 existing holdings were added to, 58 positions were partially reduced, and 12 were completely exited. The largest of these moves: Sold out: Coterra Energy Inc (CTRA); New buy: Capital One Financial CORP (COF); Sold out: Dupont De Nemours Inc (6D8); New buy: ; New buy: Ishares Msci Brazil Small-ca (EWZS)
What sectors does Mraz, Amerine & Associates, Inc. focus on?
Mraz, Amerine & Associates, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 61.7%
• Energy: 19.1%
• Information Technology: 4.9%
• Industrials: 4.2%
• Health Care: 3.9%
• Materials: 2.4%
Investment Profile
Mraz, Amerine & Associates, Inc. returned an annualized 16.4% over the trailing 36 months — outperforming the S&P 500 by 5.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.54 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 61.7% of the portfolio concentrated in Financials.
It has added to its USFR position over the past two quarters (+$7.1M, now $43.3M), while trimming FRFHF over the same stretch (-$7.0M, still holding $48.5M).
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Developer Access
Access Mraz, Amerine & Associates, Inc.'s institutional profile programmatically:
REST API
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npx alphasmo institutions get mraz-amerine-associates-inc