Mraz, Amerine & Associates, Inc.

Registered adviser

CIK

1542324

Location

Modesto, CA

Portfolio Value

Small $696,882,621

Diversification

Diversified

Filing Date

Global Rank

#3,163 / 8,818 ▼ 204

Top Industry

Insurance - Property & Casualty 36.6%

Period ended 4 months ago

Filed Jul 16, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 158338

Roster of Oct 1, 2026

Regulatory AUM

$917,491,815

Main clients

Individuals and high net worth (95% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$917,491,815	Individuals and high net worth (95%)
Apr 2025 to Mar 2026	$784,862,351	Individuals and high net worth (95%)
Apr 2024 to Mar 2025	$652,513,277	Individuals and high net worth (95%)
May 2023 to Mar 2024	$586,806,254	Individuals and high net worth (96%)
Apr 2023	$586,806,254	Individuals and high net worth (96%)
Apr 2022 to Mar 2023	$565,509,753	Individuals and high net worth (94%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 61.9% of the book (60%+)

Turnover

Low turnover

10.0% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 20.3 quarters (12+), a floor since 56.0% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 89.5%; sector active share 58.6% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

198 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

12.0%

+0.0 pts

Top 5

38.2%

−0.5 pts

Top 10

61.9%

+0.9 pts

HHI

460

Diversified+5

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	55.5%	$386,895,860	38
Unclassified	18.8%	$130,666,029	32
Energy	11.8%	$82,048,679	39
Industrials	4.1%	$28,678,691	24
Technology	2.7%	$18,478,925	12
Healthcare	2.2%	$15,079,504	15
Basic Materials	2.0%	$13,975,453	13
Consumer Cyclical	1.1%	$7,728,099	6
Communication Services	0.7%	$4,833,606	8
Consumer Defensive	0.6%	$4,194,336	6
Real Estate	0.5%	$3,541,752	2
Utilities	0.1%	$761,687	3

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BUR	Burford Capital Ltd	+108,330	573,603	$2,351,772
DVN	Devon Energy Corp	+76,933	119,582	$4,941,128
USFR	WisdomTree Floating Rate Treasury Fund	+37,174	859,642	$43,282,974
AMTM	Amentum Holdings, Inc.	+18,215	90,200	$1,864,434
BN	BROOKFIELD Corp	+13,401	466,698	$19,876,667
VTS	Vitesse Energy, Inc.	+7,601	162,206	$2,557,988
AVES	Avantis Emerging Markets Value ETF	+7,586	24,751	$1,623,665
AR	ANTERO RESOURCES Corp	+6,960	162,114	$5,696,685
JOF	Japan Smaller Capitalization Fund Inc	+6,909	202,362	$2,383,824
CRGY	Crescent Energy Co	+6,187	208,065	$2,043,198
WRB	Berkley W R Corp	+5,160	635,753	$44,839,659
DFIV	Dimensional International Value ETF	+4,393	274,258	$14,815,417
SOC	Sable Offshore Corp.	+4,125	17,754	$54,682
TFLO	iShares Treasury Floating Rate Bond ETF	+4,011	58,625	$2,968,183
CVE	Cenovus Energy Inc.	+3,665	366,951	$9,104,054
PXE	Victory Portfolios II	+3,453	60,488	$2,049,333
JEF	Jefferies Financial Group Inc.	+2,799	617,122	$30,843,757
HAL	Halliburton Co	+2,500	108,233	$3,674,510
CNQ	CANADIAN NATURAL RESOURCES Ltd	+2,370	236,287	$9,333,336
OXY	Occidental Petroleum Corp	+2,288	134,465	$6,530,965
L	Loews Corp	+2,161	255,855	$28,965,344
SLB	Slb Limited	+2,019	124,804	$5,802,137
LFCR	Lifecore Biomedical, Inc. De	+2,000	17,625	$92,531
NE	Noble Corp plc	+1,486	65,934	$2,459,338
LEN-B	Lennar Corp	+918	35,284	$3,130,043
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
DD	DuPont de Nemours, Inc.	−7,993	4,025	$545,951
CACC	Credit Acceptance Corp	−4,819	8,376	$5,333,334
RMT	Royce Micro-Cap Trust, Inc.	−4,581	346,327	$5,070,227
BSM	Black Stone Minerals, L.P.	−2,675	130,976	$1,829,734
AVEM	Avantis Emerging Markets Equity ETF	−2,310	74,352	$7,174,224
CSWC	Capital Southwest Corp	−2,275	21,979	$522,440
GAM	General American Investors Co Inc	−2,200	18,151	$1,157,126
BRK-B	Berkshire Hathaway Inc	−2,139	156,557	$78,339,557
OFG	Ofg Bancorp	−2,000	12,890	$632,512
IBTG	iShares iBonds Dec 2026 Term Treasury ETF	−1,860	25,125	$575,111
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	−1,782	14,002	$703,320
AVUV	Avantis U.S. Small Cap Value ETF	−1,695	165,191	$20,609,229
WSC	WillScot Holdings Corp	−1,609	109,389	$3,156,966
ABEV	Ambev S.A.	−1,220	705,089	$2,213,979
DFLV	Dimensional US Large Cap Value ETF	−1,169	56,415	$2,230,649
USB	US Bancorp De	−1,096	10,490	$633,596
FCX	Freeport-Mcmoran Inc	−1,081	52,651	$3,311,221
IAU	Ishares Gold Trust	−1,025	16,129	$1,217,900
UHAL-B	U-Haul Holding Co	−985	116,181	$6,703,643
VAL	Valaris Ltd	−691	36,417	$2,643,874
CUBI	Customers Bancorp, Inc.	−666	35,967	$2,844,989
DFAI	Dimensional International Core Equity Market ETF	−642	39,669	$1,636,346
BNY	Bank of New York Mellon Corp	−570	19,700	$2,848,817
KF	Korea Fund Inc	−555	67,225	$5,055,992
LUMN	Lumen Technologies, Inc.	−500	320,894	$2,464,465
No positions match the current search.

New Positions

Positions the filer opened this quarter

20 positions

Ticker	Company	Shares	Value
COF	Capital One Financial Corp	12,909	$2,589,803
—		33,425	$433,856
PK	Park Hotels & Resorts Inc.	29,550	$421,087
QURE	uniQure N.V.	8,465	$389,897
OSCR	Oscar Health, Inc.	9,975	$284,487
CAT	Caterpillar Inc	255	$271,549
UHAL	U-Haul Holding Co	4,085	$267,322
TXN	Texas Instruments Inc	836	$249,186
KELYA	Kelly Services Inc	19,800	$243,144
CSCO	Cisco Systems, Inc.	2,000	$234,920
NSC	Norfolk Southern Corp	729	$229,336
PG	PROCTER & GAMBLE Co	1,557	$228,318
CWBC	Community West Bancshares	8,247	$221,514
LAD	Lithia Motors Inc	752	$218,448
ROK	Rockwell Automation, Inc	419	$207,438
KOID	KraneShares Global Humanoid and Embodied Intelligence Index ETF	5,000	$206,100
VGK	VANGUARD EUROPEAN STOCK INDEX FUND	2,300	$203,642
CSIQ	Canadian Solar Inc.	11,765	$188,475
BTE	Baytex Energy Corp.	41,280	$165,120
ADMA	Adma Biologics, Inc.	17,700	$148,149
No positions match the current search.

Sold Out

Positions the filer fully exited

11 positions

Ticker	Company	Shares	Value
—		103,839	$3,648,903
XOM	ExxonMobil Holdings Corp	1,974	$334,908
VZ	Verizon Communications Inc	6,202	$311,340
ZTS	Zoetis Inc.	2,393	$282,876
JPM	Jpmorgan Chase & Co	912	$268,273
PNC	Pnc Financial Services Group, Inc.	1,200	$249,708
RIO	Rio Tinto PLC	2,531	$236,116
SDRL	SEADRILL Ltd	4,967	$225,998
CMCSA	Comcast Corp	7,427	$213,229
—		18,248	$191,786
CRT	Cross Timbers Royalty Trust	10,900	$115,322
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

198 tracked positions · $696,882,621 total · filing declares 199 positions · $697,119,949 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 198 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	156,557	-2,139	$78,339,557	+3.0%	26+	before history	11.24%
FRFHF	Fairfax Financial Holdings Ltd Financial Services	Added	29,425	+323	$48,457,387	−2.2%	8	$1,177.26	6.95%
WTM	White Mountains Insurance Group Ltd Financial Services	Added	22,218	+39	$46,066,576	−5.5%	26+	before history	6.61%
WRB	Berkley W R Corp Financial Services	Added	635,753	+5,160	$44,839,659	+7.3%	26+	before history	6.43%
USFR	WisdomTree Floating Rate Treasury Fund	Added	859,642	+37,174	$43,282,974	+4.5%	6	unpriced	6.21%
MKL	Markel Group Inc. Financial Services	Added	19,610	+473	$38,298,526	+4.6%	26+	before history	5.50%
JEF	Jefferies Financial Group Inc. Financial Services	Added	617,122	+2,799	$30,843,757	+21.7%	26+	before history	4.43%
L	Loews Corp Financial Services	Added	255,855	+2,161	$28,965,344	+7.0%	26+	before history	4.16%
AVUV	Avantis U.S. Small Cap Value ETF	Reduced	165,191	-1,695	$20,609,229	+11.8%	23	$75.87	2.96%
BN	BROOKFIELD Corp Financial Services	Added	466,698	+13,401	$19,876,667	+8.3%	15	unpriced	2.85%
DFIV	Dimensional International Value ETF	Added	274,258	+4,393	$14,815,417	+4.0%	16	$35.86	2.13%
AVDV	Avantis International Small Cap Value ETF	Added	134,126	+169	$13,821,684	+3.3%	24	$63.61	1.98%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Added	236,287	+2,370	$9,333,336	−18.1%	26+	before history	1.34%
CVE	Cenovus Energy Inc. Energy	Added	366,951	+3,665	$9,104,054	−5.5%	13	$16.11	1.31%
AVEM	Avantis Emerging Markets Equity ETF	Reduced	74,352	-2,310	$7,174,224	+16.1%	22	$64.94	1.03%
JNJ	Johnson & Johnson Healthcare	Reduced	27,909	-360	$7,088,048	+2.6%	26+	before history	1.02%
UHAL-B	U-Haul Holding Co Industrials	Reduced	116,181	-985	$6,703,643	+28.1%	14	$55.05	0.96%
MSFT	Microsoft Corp Technology	Reduced	17,616	-260	$6,571,120	−0.7%	26+	before history	0.94%
OXY	Occidental Petroleum Corp Energy	Added	134,465	+2,288	$6,530,965	−24.0%	26+	before history	0.94%
SLB	Slb Limited Energy	Added	124,804	+2,019	$5,802,137	−8.0%	26+	before history	0.83%
AR	ANTERO RESOURCES Corp Energy	Added	162,114	+6,960	$5,696,685	−13.5%	26+	before history	0.82%
CACC	Credit Acceptance Corp Financial Services	Reduced	8,376	-4,819	$5,333,334	−4.5%	26+	before history	0.77%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	7	0	$5,241,950	+4.3%	26+	before history	0.75%
RMT	Royce Micro-Cap Trust, Inc. Financial Services	Reduced	346,327	-4,581	$5,070,227	+27.8%	26+	before history	0.73%
KF	Korea Fund Inc Financial Services	Reduced	67,225	-555	$5,055,992	+66.1%	10	$23.08	0.73%
DVN	Devon Energy Corp Energy	Added	119,582	+76,933	$4,941,128	+130.2%	20	$44.68	0.71%
AMR	Alpha Metallurgical Resources, Inc. Basic Materials	Reduced	26,459	-3	$4,364,147	−19.7%	22	$119.50	0.63%
AAPL	Apple Inc. Technology	Reduced	14,285	-259	$4,133,507	+12.0%	26+	before history	0.59%
GHC	Graham Holdings Co Industrials	Reduced	3,357	-86	$3,831,746	+5.3%	26+	before history	0.55%
OIH	VanEck Oil Services ETF	Added	10,049	+272	$3,738,529	−5.4%	19	unpriced	0.54%
HAL	Halliburton Co Energy	Added	108,233	+2,500	$3,674,510	−10.9%	13	$27.81	0.53%
NVR	Nvr Inc Consumer Cyclical	Added	522	+7	$3,556,594	+4.8%	26+	before history	0.51%
TPL	Texas Pacific Land Corp Energy	Reduced	8,040	-388	$3,518,625	−12.0%	22	$145.52	0.50%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	52,651	-1,081	$3,311,221	+4.8%	26+	before history	0.48%
TDW	Tidewater Inc Energy	Reduced	49,433	-65	$3,293,720	−20.4%	26+	before history	0.47%
WSC	WillScot Holdings Corp Industrials	Reduced	109,389	-1,609	$3,156,966	+63.8%	8	$25.45	0.45%
LEN-B	Lennar Corp Consumer Cyclical	Added	35,284	+918	$3,130,043	+8.3%	26+	before history	0.45%
JOE	ST JOE Co Real Estate	Reduced	49,827	-50	$3,120,665	−0.4%	26+	before history	0.45%
NMM	Navios Maritime Partners L.P. Industrials	Held	43,021	0	$3,014,481	+3.8%	15	$30.45	0.43%
TFLO	iShares Treasury Floating Rate Bond ETF	Added	58,625	+4,011	$2,968,183	+7.3%	3	unpriced	0.43%
SCHW	Schwab Charles Corp Financial Services	Held	30,923	0	$2,853,265	−1.8%	26+	before history	0.41%
BNY	Bank of New York Mellon Corp Financial Services	Reduced	19,700	-570	$2,848,817	+18.5%	26+	before history	0.41%
CUBI	Customers Bancorp, Inc. Financial Services	Reduced	35,967	-666	$2,844,989	+11.9%	26+	before history	0.41%
AMGN	Amgen Inc Healthcare	Reduced	7,668	-44	$2,776,736	+2.3%	26+	before history	0.40%
DISV	Dimensional International Small Cap Value ETF	Held	68,552	0	$2,750,991	+1.7%	15	$20.91	0.39%
VAL	Valaris Ltd Energy	Reduced	36,417	-691	$2,643,874	−27.3%	21	$52.02	0.38%
COF	Capital One Financial Corp Financial Services	NEW	12,909	NEW	$2,589,803	NEW	1	$191.29	0.37%
VTS	Vitesse Energy, Inc. Energy	Added	162,206	+7,601	$2,557,988	−8.9%	14	$18.75	0.37%
LUMN	Lumen Technologies, Inc. Communication Services	Reduced	320,894	-500	$2,464,465	+10.3%	22	$7.00	0.35%
NE	Noble Corp plc Energy	Added	65,934	+1,486	$2,459,338	−22.2%	9	$38.54	0.35%

Showing the top 50 of 198 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.