# Ramirez Asset Management, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1992110. Source: https://holderbook.com/funds/1992110-ramirez-asset-management-inc/

- Reported value: $959.9M
- Positions: 360
- Weight of the ten largest: 26.5%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $75.7M | 158,462 | 7.9% | 12 |
| JBS N.V. | [JBS](https://holderbook.com/stocks/JBS/) | $28.5M | 2,408,909 | 3.0% | 5 |
| KB FINL GROUP INC | [KB](https://holderbook.com/stocks/KB/) | $26.1M | 248,305 | 2.7% | 12 |
| Engie American Depositary Receipts Sponsored | [ENGIY](https://holderbook.com/stocks/ENGIY/) | $20.5M | 651,435 | 2.1% | 10 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $19.5M | 2,387,198 | 2.0% | 11 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $18.6M | 15,509 | 1.9% | 6 |
| SHINHAN FINANCIAL GROUP CO L | [SHG](https://holderbook.com/stocks/SHG/) | $17.6M | 277,732 | 1.8% | 12 |
| AXA SA | [AXAHY](https://holderbook.com/stocks/AXAHY/) | $16.7M | 332,993 | 1.7% | 11 |
| ASE TECHNOLOGY HLDG CO LTD | [ASX](https://holderbook.com/stocks/ASX/) | $15.7M | 348,487 | 1.6% | 11 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $15.7M | 101,630 | 1.6% | 12 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $14.4M | 312,251 | 1.5% | 6 |
| ANGLOGOLD ASHANTI PLC | [AU](https://holderbook.com/stocks/AU/) | $14.4M | 177,428 | 1.5% | 7 |
| MIZUHO FINANCIAL GROUP INC | [MFG](https://holderbook.com/stocks/MFG/) | $13.4M | 1,400,725 | 1.4% | 4 |
| PANASONIC HOLDINGS CORP | [PCRHY](https://holderbook.com/stocks/PCRHY/) | $13.0M | 470,436 | 1.4% | 5 |
| AXIA ENERGIA SA | [AXIA](https://holderbook.com/stocks/AXIA/) | $12.8M | 1,215,086 | 1.3% | 4 |
| STANDARD CHARTERED- UNSP ADR | [SCBFY](https://holderbook.com/stocks/SCBFY/) | $12.8M | 236,064 | 1.3% | 12 |
| Grupo Financiero Banorte S A B | [GBOOY](https://holderbook.com/stocks/GBOOY/) | $12.7M | 239,568 | 1.3% | 12 |
| Deutsche Telekom AG ADR | [DTEGY](https://holderbook.com/stocks/DTEGY/) | $12.6M | 462,218 | 1.3% | 12 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $11.7M | 22,578 | 1.2% | 12 |
| TENCENT HLDGS LTD ADR | [TCEHY](https://holderbook.com/stocks/TCEHY/) | $11.3M | 204,726 | 1.2% | 12 |
| SANDOZ GROUP AG | [SDZNY](https://holderbook.com/stocks/SDZNY/) | $11.0M | 121,190 | 1.1% | 11 |
| SILICON MOTION TECHNOLOGY CO | [SIMO](https://holderbook.com/stocks/SIMO/) | $10.8M | 32,527 | 1.1% | 12 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $10.8M | 10,110 | 1.1% | 12 |
| Veolia Environnement SA | [VEOEY](https://holderbook.com/stocks/VEOEY/) | $10.6M | 510,766 | 1.1% | 12 |
| SUMITOMO MITSUI FIN GRP INC | [SMFG](https://holderbook.com/stocks/SMFG/) | $10.5M | 446,780 | 1.1% | 12 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $10.4M | 28,011 | 1.1% | 2 |
| FUJIFILM Holdings Corp | [FUJIY](https://holderbook.com/stocks/FUJIY/) | $10.0M | 937,876 | 1.0% | 12 |
| GRAB HOLDINGS LIMITED | [GRAB](https://holderbook.com/stocks/GRAB/) | $10.0M | 2,639,301 | 1.0% | 6 |
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $9.9M | 103,795 | 1.0% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $9.6M | 25,329 | 1.0% | 12 |
| Fujitsu Ltd | [FJTSY](https://holderbook.com/stocks/FJTSY/) | $9.3M | 465,023 | 1.0% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $9.2M | 46,011 | 1.0% | 12 |
| Intesa Sanpaolo | [ISNPY](https://holderbook.com/stocks/ISNPY/) | $9.0M | 217,964 | 0.9% | 5 |
| SCHNEIDER ELEC SA    ADR | [SBGSY](https://holderbook.com/stocks/SBGSY/) | $8.9M | 136,906 | 0.9% | 6 |
| COUPANG INC | [CPNG](https://holderbook.com/stocks/CPNG/) | $8.7M | 503,623 | 0.9% | 6 |
| EMBRAER S.A. | [EMBJ](https://holderbook.com/stocks/EMBJ/) | $8.4M | 132,215 | 0.9% | 12 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $8.4M | 18,344 | 0.9% | 2 |
| Vinci SA | [VCISY](https://holderbook.com/stocks/VCISY/) | $8.4M | 229,602 | 0.9% | 10 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.3M | 22,270 | 0.9% | 12 |
| SONY GROUP CORP | [SONY](https://holderbook.com/stocks/SONY/) | $8.1M | 404,325 | 0.8% | 2 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $8.1M | 221,085 | 0.8% | 1 |
| RHEINMETALL AG | [RNMBY](https://holderbook.com/stocks/RNMBY/) | $7.9M | 34,927 | 0.8% | 11 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $7.8M | 69,690 | 0.8% | 2 |
| SSE PLC | [SSEZY](https://holderbook.com/stocks/SSEZY/) | $7.6M | 233,784 | 0.8% | 6 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $7.4M | 22,689 | 0.8% | 12 |
| TELEFONICA BRASIL SA | [VIV](https://holderbook.com/stocks/VIV/) | $7.3M | 555,891 | 0.8% | 5 |
| Mitsubishi Electric Corp | [MIELY](https://holderbook.com/stocks/MIELY/) | $7.3M | 101,006 | 0.8% | 6 |
| SUZANO S A | [SUZ](https://holderbook.com/stocks/SUZ/) | $7.3M | 939,488 | 0.8% | 4 |
| MARUBENI CORP ADR | [MARUY](https://holderbook.com/stocks/MARUY/) | $7.0M | 228,243 | 0.7% | 11 |
| Hitachi Ltd | [HTHIY](https://holderbook.com/stocks/HTHIY/) | $6.8M | 245,518 | 0.7% | 12 |
| NATIONAL GRID PLC | [NGG](https://holderbook.com/stocks/NGG/) | $6.7M | 80,618 | 0.7% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.4M | 22,139 | 0.7% | 12 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $6.0M | 16,862 | 0.6% | 12 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $6.0M | 23,922 | 0.6% | 12 |
| Cellnex Telecom SA | [CLLNY](https://holderbook.com/stocks/CLLNY/) | $5.8M | 390,529 | 0.6% | 6 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $5.7M | 30,192 | 0.6% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $5.6M | 38,284 | 0.6% | 1 |
| London Stock Exchange Group PLC | [LSEGY](https://holderbook.com/stocks/LSEGY/) | $5.6M | 205,724 | 0.6% | 3 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $5.5M | 12,919 | 0.6% | 12 |
| BANCO MACRO SA | [BMA](https://holderbook.com/stocks/BMA/) | $5.5M | 59,293 | 0.6% | 6 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $5.5M | 62,909 | 0.6% | 7 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $5.2M | 24,729 | 0.5% | 12 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $5.0M | 48,635 | 0.5% | 8 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $4.9M | 33,769 | 0.5% | 6 |
| E.ON SE | [EONGY](https://holderbook.com/stocks/EONGY/) | $4.8M | 232,509 | 0.5% | 6 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $4.7M | 40,359 | 0.5% | 12 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $4.6M | 34,772 | 0.5% | 12 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $4.6M | 47,412 | 0.5% | 12 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $4.5M | 12,789 | 0.5% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.5M | 19,006 | 0.5% | 12 |
| CAE INC | [CAE](https://holderbook.com/stocks/CAE/) | $4.5M | 180,124 | 0.5% | 3 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $4.5M | 42,114 | 0.5% | 6 |
| ALLIANT ENERGY CORP | [LNT](https://holderbook.com/stocks/LNT/) | $4.4M | 57,389 | 0.5% | 12 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $4.3M | 30,921 | 0.5% | 9 |
| KODIAK GAS SVCS INC | [KGS](https://holderbook.com/stocks/KGS/) | $4.2M | 56,261 | 0.4% | 7 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $3.9M | 13,080 | 0.4% | 12 |
| KOREA ELEC PWR CORP | [KEP](https://holderbook.com/stocks/KEP/) | $3.9M | 320,108 | 0.4% | 10 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $3.8M | 33,199 | 0.4% | 1 |
| Hoya Corp | [HOCPY](https://holderbook.com/stocks/HOCPY/) | $3.7M | 23,382 | 0.4% | 12 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $3.7M | 26,746 | 0.4% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $3.6M | 6,164 | 0.4% | 12 |
| EXLSERVICE HLDGS INC | [EXLS](https://holderbook.com/stocks/EXLS/) | $3.5M | 135,450 | 0.4% | 1 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $3.5M | 28,200 | 0.4% | 12 |
| Unicredit Spa Unsponsord Adr | [UNCRY](https://holderbook.com/stocks/UNCRY/) | $3.5M | 78,160 | 0.4% | 1 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $3.5M | 38,173 | 0.4% | 12 |
| China Construction Bank Corp | [CICHY](https://holderbook.com/stocks/CICHY/) | $3.5M | 167,725 | 0.4% | 12 |
| POSCO HOLDINGS INC | [PKX](https://holderbook.com/stocks/PKX/) | $3.4M | 66,109 | 0.4% | 3 |
| PERMIAN RESOURCES CORP | [PR](https://holderbook.com/stocks/PR/) | $3.4M | 182,268 | 0.3% | 7 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $3.3M | 43,618 | 0.3% | 12 |
| COCA-COLA FEMSA SAB DE CV | [KOF](https://holderbook.com/stocks/KOF/) | $3.3M | 30,979 | 0.3% | 8 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $3.3M | 19,405 | 0.3% | 12 |
| Jardine Matheson Holdings Ltd | [JMHLY](https://holderbook.com/stocks/JMHLY/) | $3.2M | 51,993 | 0.3% | 2 |
| XIAOMI CORP            F | [XIACY](https://holderbook.com/stocks/XIACY/) | $3.1M | 221,758 | 0.3% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.1M | 5,431 | 0.3% | 12 |
| KT CORP | [KT](https://holderbook.com/stocks/KT/) | $3.0M | 176,455 | 0.3% | 12 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.0M | 8,382 | 0.3% | 12 |
| EASTGROUP PPTYS INC | [EGP](https://holderbook.com/stocks/EGP/) | $2.8M | 13,799 | 0.3% | 12 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $2.8M | 72,092 | 0.3% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.8M | 3,832 | 0.3% | 12 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $2.7M | 11,560 | 0.3% | 12 |

## 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 | +6.7% | +14.8% | -8.2% | 98% |
| Q1 2026 | +2.8% | -4.6% | +7.4% | 97% |
| Q4 2025 | +4.6% | +2.4% | +2.2% | 97% |
| Q3 2025 | +9.1% | +7.8% | +1.3% | 99% |
| Q2 2025 | +15.1% | +10.5% | +4.7% | 97% |
| Q1 2025 | +3.3% | -4.6% | +7.8% | 99% |
| Q4 2024 | -5.2% | +2.1% | -7.4% | 99% |
| Q3 2024 | +0.8% | +5.4% | -4.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $959.9M | 360 |
| Q1 2026 | $831.7M | 347 |
| Q4 2025 | $758.2M | 382 |
| Q3 2025 | $720.1M | 355 |
| Q2 2025 | $661.2M | 342 |
| Q1 2025 | $480.7M | 376 |
| Q4 2024 | $495.6M | 382 |
| Q3 2024 | $521.2M | 389 |
| Q2 2024 | $491.3M | 394 |
| Q1 2024 | $495.8M | 389 |
| Q4 2023 | $493.1M | 380 |
| Q3 2023 | $464.9M | 381 |