# Mraz, Amerine & Associates, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1542324. Source: https://holderbook.com/funds/1542324-mraz-amerine-associates-inc/

- Reported value: $697.1M
- Positions: 199
- Weight of the ten largest: 57.3%
- Filed: 2026-07-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $78.3M | 156,557 | 11.2% | 31 |
| FAIRFAX FINL HLDGS LTD SUB VTG | [FRFHF](https://holderbook.com/stocks/FRFHF/) | $48.5M | 29,425 | 7.0% | 8 |
| WHITE MTNS INS GROUP LTD | [WTM](https://holderbook.com/stocks/WTM/) | $46.1M | 22,218 | 6.6% | 31 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $44.8M | 635,753 | 6.4% | 31 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $43.3M | 859,642 | 6.2% | 6 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $38.3M | 19,610 | 5.5% | 31 |
| JEFFERIES FINANCIAL GROUP IN | [JEF](https://holderbook.com/stocks/JEF/) | $30.8M | 617,122 | 4.4% | 31 |
| LOEWS CORP | [L](https://holderbook.com/stocks/L/) | $29.0M | 255,855 | 4.2% | 31 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $20.6M | 165,191 | 3.0% | 23 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $19.9M | 466,698 | 2.9% | 15 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $14.8M | 274,258 | 2.1% | 16 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $13.8M | 134,126 | 2.0% | 24 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $9.3M | 236,287 | 1.3% | 31 |
| CENOVUS ENERGY INC | [CVE](https://holderbook.com/stocks/CVE/) | $9.1M | 366,951 | 1.3% | 13 |
| AMERICAN CENTY ETF TR | [AVEM](https://holderbook.com/stocks/AVEM/) | $7.2M | 74,352 | 1.0% | 22 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $7.1M | 27,909 | 1.0% | 31 |
| U HAUL HOLDING COMPANY | [UHALB](https://holderbook.com/stocks/UHALB/) | $6.7M | 116,181 | 1.0% | 14 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.6M | 17,616 | 0.9% | 31 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $6.5M | 134,465 | 0.9% | 31 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $5.8M | 124,804 | 0.8% | 27 |
| ANTERO RESOURCES CORP | [AR](https://holderbook.com/stocks/AR/) | $5.7M | 162,114 | 0.8% | 31 |
| CREDIT ACCEP CORP MICH | [CACC](https://holderbook.com/stocks/CACC/) | $5.3M | 8,376 | 0.8% | 28 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $5.2M | 7 | 0.8% | 31 |
| ROYCE MICRO-CAP TR INC | [RMT](https://holderbook.com/stocks/RMT/) | $5.1M | 346,327 | 0.7% | 31 |
| KOREA FD INC | [KF](https://holderbook.com/stocks/KF/) | $5.1M | 67,225 | 0.7% | 10 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $4.9M | 119,582 | 0.7% | 20 |
| ALPHA METALLURGICAL RESOUR I | [AMR](https://holderbook.com/stocks/AMR/) | $4.4M | 26,459 | 0.6% | 22 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.1M | 14,285 | 0.6% | 31 |
| GRAHAM HLDGS CO | [GHC](https://holderbook.com/stocks/GHC/) | $3.8M | 3,357 | 0.5% | 31 |
| VANECK ETF TRUST | [OIH](https://holderbook.com/stocks/OIH/) | $3.7M | 10,049 | 0.5% | 19 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $3.7M | 108,233 | 0.5% | 13 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $3.6M | 522 | 0.5% | 26 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $3.5M | 8,040 | 0.5% | 22 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $3.3M | 52,651 | 0.5% | 31 |
| TIDEWATER INC NEW | [TDW](https://holderbook.com/stocks/TDW/) | $3.3M | 49,433 | 0.5% | 31 |
| WILLSCOT HLDGS CORP | [WSC](https://holderbook.com/stocks/WSC/) | $3.2M | 109,389 | 0.5% | 8 |
| LENNAR CORP | [LENB](https://holderbook.com/stocks/LENB/) | $3.1M | 35,284 | 0.4% | 31 |
| ST JOE CO | [JOE](https://holderbook.com/stocks/JOE/) | $3.1M | 49,827 | 0.4% | 31 |
| NAVIOS MARITIME PARTNERS L P | [NMM](https://holderbook.com/stocks/NMM/) | $3.0M | 43,021 | 0.4% | 15 |
| ISHARES TR | [TFLO](https://holderbook.com/stocks/TFLO/) | $3.0M | 58,625 | 0.4% | 3 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $2.9M | 30,923 | 0.4% | 31 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $2.8M | 19,700 | 0.4% | 31 |
| CUSTOMERS BANCORP INC | [CUBI](https://holderbook.com/stocks/CUBI/) | $2.8M | 35,967 | 0.4% | 28 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.8M | 7,668 | 0.4% | 31 |
| DIMENSIONAL ETF TRUST | [DISV](https://holderbook.com/stocks/DISV/) | $2.8M | 68,552 | 0.4% | 15 |
| VALARIS LTD | [VAL](https://holderbook.com/stocks/VAL/) | $2.6M | 36,417 | 0.4% | 21 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $2.6M | 12,909 | 0.4% | 1 |
| VITESSE ENERGY INC | [VTS](https://holderbook.com/stocks/VTS/) | $2.6M | 162,206 | 0.4% | 14 |
| LUMEN TECHNOLOGIES INC | [LUMN](https://holderbook.com/stocks/LUMN/) | $2.5M | 320,894 | 0.4% | 22 |
| NOBLE CORP PLC | [NE](https://holderbook.com/stocks/NE/) | $2.5M | 65,934 | 0.4% | 9 |
| STAR BULK CARRIERS CORP. | [SBLK](https://holderbook.com/stocks/SBLK/) | $2.4M | 97,991 | 0.4% | 8 |
| JAPAN SMALLER CAPITALIZATION | [JOF](https://holderbook.com/stocks/JOF/) | $2.4M | 202,362 | 0.3% | 8 |
| BURFORD CAPITAL LIMITED | [BUR](https://holderbook.com/stocks/BUR/) | $2.4M | 573,603 | 0.3% | 14 |
| DIVERSIFIED ENERGY CO | [DEC](https://holderbook.com/stocks/DEC/) | $2.3M | 167,445 | 0.3% | 3 |
| DIMENSIONAL ETF TRUST | [DFLV](https://holderbook.com/stocks/DFLV/) | $2.2M | 56,415 | 0.3% | 11 |
| AMBEV SA | [ABEV](https://holderbook.com/stocks/ABEV/) | $2.2M | 705,089 | 0.3% | 21 |
| FIRST CTZNS BANCSHARES INC D | [FCNCA](https://holderbook.com/stocks/FCNCA/) | $2.1M | 1,013 | 0.3% | 15 |
| INVESCO EXCHANGE TRADED FD T | [PXE](https://holderbook.com/stocks/PXE/) | $2.0M | 60,488 | 0.3% | 10 |
| CRESCENT ENERGY COMPANY | [CRGY](https://holderbook.com/stocks/CRGY/) | $2.0M | 208,065 | 0.3% | 18 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $2.0M | 13,687 | 0.3% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.9M | 15,118 | 0.3% | 6 |
| AMENTUM HOLDINGS INC | [AMTM](https://holderbook.com/stocks/AMTM/) | $1.9M | 90,200 | 0.3% | 5 |
| BLACK STONE MINERALS L P | [BSM](https://holderbook.com/stocks/BSM/) | $1.8M | 130,976 | 0.3% | 27 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.8M | 11,379 | 0.3% | 22 |
| SABINE RTY TR | [SBR](https://holderbook.com/stocks/SBR/) | $1.7M | 23,325 | 0.2% | 31 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $1.7M | 16,384 | 0.2% | 31 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $1.6M | 39,669 | 0.2% | 21 |
| AMERICAN CENTY ETF TR | [AVES](https://holderbook.com/stocks/AVES/) | $1.6M | 24,751 | 0.2% | 17 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $1.6M | 21,145 | 0.2% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.5M | 9,315 | 0.2% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.5M | 2,055 | 0.2% | 31 |
| DIMENSIONAL ETF TRUST | [DIHP](https://holderbook.com/stocks/DIHP/) | $1.5M | 43,154 | 0.2% | 17 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $1.5M | 10,699 | 0.2% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.5M | 4,328 | 0.2% | 31 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $1.5M | 23,130 | 0.2% | 29 |
| ISHARES TR | [EWJV](https://holderbook.com/stocks/EWJV/) | $1.3M | 30,699 | 0.2% | 9 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.3M | 3,408 | 0.2% | 14 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.2M | 5,716 | 0.2% | 22 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $1.2M | 22,712 | 0.2% | 21 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $1.2M | 16,129 | 0.2% | 21 |
| CALIFORNIA RES CORP | [CRC](https://holderbook.com/stocks/CRC/) | $1.2M | 22,531 | 0.2% | 23 |
| GENERAL AMERN INVS CO INC | [GAM](https://holderbook.com/stocks/GAM/) | $1.2M | 18,151 | 0.2% | 31 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $1.1M | 3,830 | 0.2% | 31 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $1.1M | 2,965 | 0.2% | 5 |
| DORCHESTER MINERALS LP | [DMLP](https://holderbook.com/stocks/DMLP/) | $1.1M | 42,532 | 0.2% | 31 |
| TECHNIPFMC PLC | [FTI](https://holderbook.com/stocks/FTI/) | $1.1M | 15,962 | 0.2% | 22 |
| QNITY ELECTRONICS INC | [Q](https://holderbook.com/stocks/Q/) | $1.1M | 6,440 | 0.2% | 3 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $1.0M | 12,368 | 0.2% | 28 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.0M | 5,220 | 0.1% | 5 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $1.0M | 17,880 | 0.1% | 5 |
| SPROTT ASSET MANAGEMENT LP | [PSLV](https://holderbook.com/stocks/PSLV/) | $977.0K | 51,774 | 0.1% | 28 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $969.7K | 10,384 | 0.1% | 25 |
| BRISTOW GROUP INC | [VTOL](https://holderbook.com/stocks/VTOL/) | $959.9K | 23,231 | 0.1% | 12 |
| ROYCE SMALL CAP TRUST INC | [RVT](https://holderbook.com/stocks/RVT/) | $946.3K | 51,232 | 0.1% | 31 |
| IMPERIAL OIL LTD | [IMO](https://holderbook.com/stocks/IMO/) | $944.9K | 8,435 | 0.1% | 22 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $899.9K | 962 | 0.1% | 31 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $853.4K | 11,480 | 0.1% | 26 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $793.6K | 14,926 | 0.1% | 23 |
| ASSURED GUARANTY LTD | [AGO](https://holderbook.com/stocks/AGO/) | $792.6K | 9,888 | 0.1% | 21 |
| GREENLIGHT CAP RE LTD | [GLRE](https://holderbook.com/stocks/GLRE/) | $739.6K | 45,710 | 0.1% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +2.0% | +14.8% | -12.8% | 100% |
| Q1 2026 | +0.5% | -4.6% | +5.2% | 100% |
| Q4 2025 | +3.2% | +2.4% | +0.9% | 100% |
| Q3 2025 | +4.3% | +7.8% | -3.5% | 97% |
| Q2 2025 | +2.0% | +10.5% | -8.5% | 101% |
| Q1 2025 | +2.3% | -4.6% | +6.8% | 100% |
| Q4 2024 | +2.5% | +2.1% | +0.3% | 100% |
| Q3 2024 | +5.4% | +5.4% | +0.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $697.1M | 199 |
| Q1 2026 | $678.2M | 190 |
| Q4 2025 | $673.0M | 192 |
| Q3 2025 | $642.0M | 188 |
| Q2 2025 | $623.5M | 191 |
| Q1 2025 | $582.0M | 170 |
| Q4 2024 | $561.3M | 166 |
| Q3 2024 | $552.9M | 167 |
| Q2 2024 | $486.7M | 168 |
| Q1 2024 | $529.1M | 178 |
| Q4 2023 | $477.4M | 178 |
| Q3 2023 | $443.8M | 174 |