Mraz, Amerine & Associates, Inc.

CIK

1542324

Location

Modesto, CA

Portfolio Value

Small $542,719,708

Diversification

Diversified

Filing Date

Global Rank

#2,493 / 8,605 ▲ 35 · as of Mar 2026

Top Industry

Insurance - Property & Casualty 37.7%

3Y Alpha vs SPY

-3.9%

Period ended 3 months ago

Filed May 5, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+58.6%

SPY

+76.5%

Annualised alpha

-4.3%

Max drawdown

−14.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

157 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

14.0%

−0.7 pts

Top 5

46.6%

−2.3 pts

Top 10

63.5%

−3.2 pts

HHI

553

Diversified−59

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	66.9%	$363,090,836	38
Energy	17.9%	$97,201,570	41
Industrials	3.5%	$18,975,304	19
Technology	2.9%	$15,950,855	9
Basic Materials	2.9%	$15,612,392	14
Healthcare	2.6%	$14,094,703	13
Communication Services	0.8%	$4,425,521	9
Consumer Cyclical	0.7%	$4,024,260	4
Consumer Defensive	0.7%	$3,930,146	5
Real Estate	0.6%	$3,132,275	1
Unclassified	0.3%	$1,512,296	1
Utilities	0.1%	$769,550	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BUR	Burford Capital Ltd	+101,703	465,273	$2,103,033
BN	BROOKFIELD Corp /ON/	+51,755	453,297	$18,344,929
JEF	Jefferies Financial Group Inc.	+35,560	614,323	$25,353,110
JOF	Japan Smaller Capitalization Fund Inc	+20,743	195,453	$2,130,437
DEC	Diversified Energy Co	+17,630	167,445	$2,920,240
VTS	Vitesse Energy, Inc.	+10,186	154,605	$2,807,626
AMTM	Amentum Holdings, Inc.	+7,757	71,985	$1,877,368
LUMN	Lumen Technologies, Inc.	+5,910	321,394	$2,233,688
AR	ANTERO RESOURCES Corp	+4,385	155,154	$6,584,735
NE	Noble Corp plc	+4,050	64,448	$3,162,463
HAL	Halliburton Co	+3,041	105,733	$4,122,529
WSC	WillScot Holdings Corp	+2,781	110,998	$1,926,925
OSG	Octave Specialty Group Inc	+2,500	21,450	$99,742
SLB	Slb Limited/Nv	+2,483	122,785	$6,309,921
AIG	American International Group, Inc.	+1,575	21,276	$1,601,019
CABO	Cable One, Inc.	+1,462	6,855	$625,244
BR	Broadridge Financial Solutions, Inc.	+560	10,499	$1,705,877
IDT	Idt Corp	+400	5,618	$275,843
GOOGL	Alphabet Inc.	+344	1,277	$367,214
OXY	Occidental Petroleum Corp /De/	+205	132,177	$8,591,505
MKL	Markel Group Inc.	+199	19,137	$36,629,555
CVE	Cenovus Energy Inc.	+68	363,286	$9,637,977
CTRA	Coterra Energy Inc.	+38	103,839	$3,648,902
DMLP	Dorchester Minerals, L.P.	+34	42,712	$1,157,495
AMR	Alpha Metallurgical Resources, Inc.	+23	26,462	$5,431,854
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PSLV	Sprott Physical Silver Trust	−32,951	51,774	$1,262,767
CRT	Cross Timbers Royalty Trust	−25,401	10,900	$115,322
CRGY	Crescent Energy Co	−15,932	201,878	$2,725,353
OEC	Orion S.A.	−13,415	19,240	$125,060
WFC	Wells Fargo & Company/Mn	−5,035	2,705	$215,345
CSWC	Capital Southwest Corp	−4,656	24,254	$536,498
RMT	Royce Micro-Cap Trust, Inc.	−4,470	350,908	$3,968,769
SO	Southern Co	−4,098	2,792	$269,483
FCX	Freeport-Mcmoran Inc	−3,568	53,732	$3,158,366
WRB	Berkley W R Corp	−2,692	630,593	$41,795,704
BRK-B	Berkshire Hathaway Inc	−2,680	158,696	$76,047,123
BAC	Bank Of America Corp /De/	−2,000	5,161	$251,598
CNQ	CANADIAN NATURAL RESOURCES Ltd	−1,788	233,917	$11,398,775
NVS	Novartis AG	−1,746	4,552	$695,318
GAM	General American Investors Co Inc	−1,723	20,351	$1,189,922
EMR	Emerson Electric Co	−1,686	14,062	$1,842,403
SRE	Sempra	−1,502	2,666	$259,055
AMGN	Amgen Inc	−1,083	7,712	$2,713,467
CSL	Carlisle Companies Inc	−1,050	2,965	$989,183
OFG	Ofg Bancorp	−1,000	14,890	$602,449
RPM	Rpm International Inc/De/	−1,000	6,000	$596,400
L	Loews Corp	−883	253,694	$27,079,297
RVT	Royce Small-Cap Trust, Inc.	−879	51,232	$850,451
CUBI	Customers Bancorp, Inc.	−815	36,633	$2,542,696
ITW	Illinois Tool Works Inc	−750	1,100	$286,319
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
MCK	Mckesson Corp	359	$310,664
ZTS	Zoetis Inc.	2,393	$282,876
ETR	Entergy Corp /De/	2,145	$241,012
SDRL	SEADRILL Ltd	4,967	$225,998
RPRX	Royalty Pharma plc	4,550	$218,263
ELVA	Electrovaya Inc.	27,625	$216,027
AMCX	AMC Global Media Inc.	28,950	$196,570
CRTO	Criteo S.A.	10,100	$181,093
IART	Integra Lifesciences Holdings Corp	10,700	$100,794
LFCR	Lifecore Biomedical, Inc. \De\	15,625	$58,125
No positions match the current search.

Sold Out

Positions the filer fully exited

13 positions

Ticker	Company	Shares	Value
WBD	Warner Bros. Discovery, Inc.	115,555	$3,330,295
TXN	Texas Instruments Inc	1,535	$266,307
LAD	Lithia Motors Inc	751	$249,579
LLY	ELI LILLY & Co	225	$241,803
MU	Micron Technology Inc	800	$228,328
CSCO	Cisco Systems, Inc.	2,825	$217,609
GLD	Spdr Gold Trust	543	$215,196
UHAL	U-Haul Holding Co /NV/	4,156	$209,503
QURE	uniQure N.V.	8,495	$203,285
KMB	Kimberly Clark Corp	2,000	$201,780
MRP	Millrose Properties, Inc.	6,750	$201,622
RLJ	RLJ Lodging Trust	14,000	$104,300
DSX	Diana Shipping Inc.	33,453	$55,531
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

157 positions · $542,719,708 total · as of Mar 31, 2026

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

Showing 1–50 of 157 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	158,696	-2,680	$76,047,123	−6.2%	14.01%
FRFHF	Fairfax Financial Holdings Ltd/ Can Financial Services	Reduced	29,102	-14	$49,531,604	−10.8%	9.13%
WTM	White Mountains Insurance Group Ltd Financial Services	Reduced	22,179	-450	$48,726,375	+3.6%	8.98%
WRB	Berkley W R Corp Financial Services	Reduced	630,593	-2,692	$41,795,704	−5.9%	7.70%
MKL	Markel Group Inc. Financial Services	Added	19,137	+199	$36,629,555	−10.0%	6.75%
L	Loews Corp Financial Services	Reduced	253,694	-883	$27,079,297	+1.0%	4.99%
JEF	Jefferies Financial Group Inc. Financial Services	Added	614,323	+35,560	$25,353,110	−29.3%	4.67%
BN	BROOKFIELD Corp /ON/ Financial Services	Added	453,297	+51,755	$18,344,929	−0.4%	3.38%
CNQ	CANADIAN NATURAL RESOURCES Ltd Energy	Reduced	233,917	-1,788	$11,398,775	+42.9%	2.10%
CVE	Cenovus Energy Inc. Energy	Added	363,286	+68	$9,637,977	+56.8%	1.78%
OXY	Occidental Petroleum Corp /De/ Energy	Added	132,177	+205	$8,591,505	+58.3%	1.58%
JNJ	Johnson & Johnson Healthcare	Reduced	28,269	-78	$6,910,074	+17.8%	1.27%
MSFT	Microsoft Corp Technology	Reduced	17,876	-367	$6,617,158	−25.0%	1.22%
AR	ANTERO RESOURCES Corp Energy	Added	155,154	+4,385	$6,584,735	+26.7%	1.21%
SLB	Slb Limited/Nv Energy	Added	122,785	+2,483	$6,309,921	+36.7%	1.16%
CACC	Credit Acceptance Corp Financial Services	Reduced	13,195	-40	$5,587,554	−4.8%	1.03%
AMR	Alpha Metallurgical Resources, Inc. Basic Materials	Added	26,462	+23	$5,431,854	+2.8%	1.00%
TDW	Tidewater Inc Energy	Reduced	49,498	-465	$4,135,557	+63.9%	0.76%
HAL	Halliburton Co Energy	Added	105,733	+3,041	$4,122,529	+42.1%	0.76%
TPL	Texas Pacific Land Corp Energy	Reduced	8,428	-50	$3,999,591	+64.3%	0.74%
RMT	Royce Micro-Cap Trust, Inc. Financial Services	Reduced	350,908	-4,470	$3,968,769	+7.1%	0.73%
AAPL	Apple Inc. Technology	Reduced	14,544	-187	$3,691,121	−7.8%	0.68%
CTRA	Coterra Energy Inc. Energy	Added	103,839	+38	$3,648,902	+33.6%	0.67%
GHC	Graham Holdings Co Industrials	Reduced	3,443	-133	$3,640,146	−7.3%	0.67%
VAL	Valaris Ltd Energy	Reduced	37,108	-11	$3,638,068	+94.5%	0.67%
NVR	Nvr Inc Consumer Cyclical	Added	515	+12	$3,393,762	−7.5%	0.63%
NE	Noble Corp plc Energy	Added	64,448	+4,050	$3,162,463	+85.4%	0.58%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	53,732	-3,568	$3,158,366	+8.5%	0.58%
JOE	ST JOE Co Real Estate	Reduced	49,877	-250	$3,132,275	+5.2%	0.58%
KF	Korea Fund Inc Financial Services	Reduced	67,780	-508	$3,043,322	+22.7%	0.56%
DEC	Diversified Energy Co Energy	Added	167,445	+17,630	$2,920,240	+34.6%	0.54%
SCHW	Schwab Charles Corp Financial Services	Held	30,923	0	$2,906,143	−5.9%	0.54%
NMM	Navios Maritime Partners L.P. Industrials	Reduced	43,021	-205	$2,903,057	+28.1%	0.53%
VTS	Vitesse Energy, Inc. Energy	Added	154,605	+10,186	$2,807,626	+0.9%	0.52%
CRGY	Crescent Energy Co Energy	Reduced	201,878	-15,932	$2,725,353	+49.1%	0.50%
AMGN	Amgen Inc Healthcare	Reduced	7,712	-1,083	$2,713,467	−5.7%	0.50%
CUBI	Customers Bancorp, Inc. Financial Services	Reduced	36,633	-815	$2,542,696	−7.1%	0.47%
BNY	Bank of New York Mellon Corp Financial Services	Held	20,270	0	$2,404,630	+2.2%	0.44%
SBLK	Star Bulk Carriers Corp. Industrials	Reduced	97,991	-110	$2,250,853	+19.4%	0.41%
LUMN	Lumen Technologies, Inc. Communication Services	Added	321,394	+5,910	$2,233,688	−8.9%	0.41%
COP	Conocophillips Energy	Reduced	16,444	-11	$2,170,608	+40.9%	0.40%
DVN	Devon Energy Corp/De Energy	Reduced	42,649	-134	$2,146,097	+36.9%	0.40%
JOF	Japan Smaller Capitalization Fund Inc Financial Services	Added	195,453	+20,743	$2,130,437	+10.1%	0.39%
BUR	Burford Capital Ltd Financial Services	Added	465,273	+101,703	$2,103,033	−35.2%	0.39%
ABEV	Ambev S.A. Consumer Defensive	Reduced	706,309	-365	$2,062,422	+18.2%	0.38%
BSM	Black Stone Minerals, L.P. Energy	Held	133,651	0	$2,020,803	+13.8%	0.37%
FCNCA	First Citizens Bancshares Inc /De/ Financial Services	Reduced	1,061	-25	$1,999,624	−14.2%	0.37%
WSC	WillScot Holdings Corp Industrials	Added	110,998	+2,781	$1,926,925	−5.4%	0.36%
AMTM	Amentum Holdings, Inc. Industrials	Added	71,985	+7,757	$1,877,368	+0.8%	0.35%
CVX	Chevron Corp Energy	Added	9,068	+15	$1,876,169	+36.0%	0.35%