Mraz, Amerine & Associates, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 16, 2026), Mraz, Amerine & Associates, Inc. reported 198 stock positions worth $696.9 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 11.2% of the portfolio, followed by Fairfax Financial (FRFHF, 7.0%) and White Mountains Insurance GP (WTM, 6.6%). Compared with Q1 2026, it opened 20 new positions, sold out of 11, added to 52 and reduced 59. The biggest buy was Jefferies Financial (JEF, shares +0%) and the biggest sale an exit from Coterra Energy (CTRA).
- Most Recent 13F
- Q2 2026
- Location
- Modesto, CA
- CIK
- 0001542324
- Portfolio Value
- $696.9M (Q2 2026)
- SEC Filing
- 0001214659-26-008633 ↗ filed Jul 16, 2026
Holdings Value
Holdings 198 stocks · $696.9M
| BRK.B Berkshire Hathaway Inc. Class B | 11.24% | 156,557 | $78.3M | Reduce -1.4% |
| FRFHF Fairfax Financial Hldgs Ltd. | 6.95% | 29,425 | $48.5M | Add +1.1% |
| WTM White Mountains Insurance GP | 6.61% | 22,218 | $46.1M | Add +0.2% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 6.43% | 635,753 | $44.8M | Add +0.8% |
| USFR Wisdomtree Floating Rate Tre | 6.21% | 859,642 | $43.3M | Add +4.5% |
| MKL Markel Group Inc. | 5.50% | 19,610 | $38.3M | Add +2.5% |
| JEF Jefferies Financial Group Inc. | 4.43% | 617,122 | $30.8M | Add +0.5% |
| L Loews Corp. | 4.16% | 255,855 | $29.0M | Add +0.8% |
| AVUV Avantis US Small Cap Value | 2.96% | 165,191 | $20.6M | Reduce -1.0% |
| BN Brookfield Corp. | 2.85% | 466,698 | $19.9M | Add +3.0% |
| DFIV Dimensional International Va | 2.13% | 274,258 | $14.8M | Add +1.6% |
| AVDV Avantis Intl S/C Value ETF | 1.98% | 134,126 | $13.8M | Add +0.1% |
| CNQ Canadian Natural Resources | 1.34% | 236,287 | $9.3M | Add +1.0% |
| CVE Cenovus Energy Inc. | 1.31% | 366,951 | $9.1M | Add +1.0% |
| AVEM Avantis Emerging Markets Eq | 1.03% | 74,352 | $7.2M | Reduce -3.0% |
| JNJ Johnson & Johnson | 1.02% | 27,909 | $7.1M | Reduce -1.3% |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.96% | 116,181 | $6.7M | Reduce -0.8% |
| MSFT Microsoft Corp. | 0.94% | 17,616 | $6.6M | Reduce -1.4% |
| OXY Occidental Petroleum Corp. | 0.94% | 134,465 | $6.5M | Add +1.7% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.83% | 124,804 | $5.8M | Add +1.6% |
| AR Antero Resources Corp. | 0.82% | 162,114 | $5.7M | Add +4.5% |
| CACC Credit Acceptance Corp. | 0.77% | 8,376 | $5.3M | Reduce -36.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.75% | 7 | $5.2M | No change |
| RMT Royce Micro-Cap Trust Inc. | 0.73% | 346,327 | $5.1M | Reduce -1.3% |
| KF Korea Fund Inc. | 0.73% | 67,225 | $5.1M | Reduce -0.8% |
| DVN Devon Energy Corp. | 0.71% | 119,582 | $4.9M | Add +180.4% |
| AMR Alpha Metallurgical Resource | 0.63% | 26,459 | $4.4M | Reduce -0.0% |
| AAPL Apple Inc. | 0.59% | 14,285 | $4.1M | Reduce -1.8% |
| GHC Graham Holdings Co. Class B | 0.55% | 3,357 | $3.8M | Reduce -2.5% |
| OIH Vaneck Oil Services ETF | 0.54% | 10,049 | $3.7M | Add +2.8% |
| HAL Halliburton Co. | 0.53% | 108,233 | $3.7M | Add +2.4% |
| NVR NVR Inc. | 0.51% | 522 | $3.6M | Add +1.4% |
| TPL Texas Pacific Land Corp. | 0.50% | 8,040 | $3.5M | Reduce -4.6% |
| FCX Freeport-McMoran Inc. | 0.48% | 52,651 | $3.3M | Reduce -2.0% |
| TDW Tidewater Inc. | 0.47% | 49,433 | $3.3M | Reduce -0.1% |
| WSC Willscot Holdings Corp. | 0.45% | 109,389 | $3.2M | Reduce -1.4% |
| LEN.B Lennar Corp. Class B | 0.45% | 35,284 | $3.1M | Add +2.7% |
| JOE The St Joe Co. | 0.45% | 49,827 | $3.1M | Reduce -0.1% |
| NMM Navios Maritime Partners LP | 0.43% | 43,021 | $3.0M | No change |
| TFLO iShares Treasury Floating Ra | 0.43% | 58,625 | $3.0M | Add +7.3% |
| SCHW Schwab (charles) Corp. | 0.41% | 30,923 | $2.9M | No change |
| BNY Bank of New York Mellon Corp. | 0.41% | 19,700 | $2.8M | Reduce -2.8% |
| CUBI Customers Bancorp Inc. | 0.41% | 35,967 | $2.8M | Reduce -1.8% |
| AMGN Amgen Inc. | 0.40% | 7,668 | $2.8M | Reduce -0.6% |
| DISV Dimensional International SM | 0.39% | 68,552 | $2.8M | No change |
| VAL Valaris Ltd. | 0.38% | 36,417 | $2.6M | Reduce -1.9% |
| COF Capital One Financial Corp. | 0.37% | 12,909 | $2.6M | New |
| VTS Vitesse Energy Inc. | 0.37% | 162,206 | $2.6M | Add +4.9% |
| LUMN Lumen Technologies Inc. | 0.35% | 320,894 | $2.5M | Reduce -0.2% |
| NE Noble Corp. PLC | 0.35% | 65,934 | $2.5M | Add +2.3% |
| SBLK Star Bulk Carriers Corp. | 0.35% | 97,991 | $2.4M | No change |
| JOF Japan Smaller Capitalization | 0.34% | 202,362 | $2.4M | Add +3.5% |
| BUR Burford Capital Ltd. | 0.34% | 573,603 | $2.4M | Add +23.3% |
| DEC Diversified Energy Co. | 0.33% | 167,445 | $2.3M | No change |
| DFLV Dim US Large Cap Value ETF | 0.32% | 56,415 | $2.2M | Reduce -2.0% |
| ABEV Ambev SA-ADR | 0.32% | 705,089 | $2.2M | Reduce -0.2% |
| FCNCA First Citizens Bcshs Class A | 0.30% | 1,013 | $2.1M | Reduce -4.5% |
| PXE Invesco Energy Exploration | 0.29% | 60,488 | $2.0M | Add +6.0% |
| CRGY Crescent Energy Inc. Class A | 0.29% | 208,065 | $2.0M | Add +3.1% |
| EMR Emerson Electric Co. | 0.28% | 13,687 | $2.0M | Reduce -2.7% |
| MRK Merck & Co. Inc. | 0.28% | 15,118 | $1.9M | Reduce -0.6% |
| AMTM Amentum Holdings Inc. | 0.27% | 90,200 | $1.9M | Add +25.3% |
| BSM Black Stone Minerals LP | 0.26% | 130,976 | $1.8M | Reduce -2.0% |
| VYM Vanguard High DVD Yield ETF | 0.26% | 11,379 | $1.8M | Add +0.4% |
| SBR Sabine Royalty Trust | 0.24% | 23,325 | $1.7M | No change |
| COP Conocophillips | 0.24% | 16,384 | $1.7M | Reduce -0.4% |
| DFAI Dimensional International Co. | 0.23% | 39,669 | $1.6M | Reduce -1.6% |
| AVES Avantis Emerging Markets Val | 0.23% | 24,751 | $1.6M | Add +44.2% |
| AIG American International Group | 0.23% | 21,145 | $1.6M | Reduce -0.6% |
| CVX Chevron Corp. | 0.22% | 9,315 | $1.5M | Add +2.7% |
| AMAT Applied Materials Inc. | 0.21% | 2,055 | $1.5M | No change |
| DIHP Dimensional International Hi | 0.21% | 43,154 | $1.5M | Reduce -0.1% |
| BR Broadridge Financial Solutio | 0.21% | 10,699 | $1.5M | Add +1.9% |
| AXP American Express Co. | 0.21% | 4,328 | $1.5M | Add +0.5% |
| NTR Nutrien Ltd. | 0.21% | 23,130 | $1.5M | Reduce -0.4% |
| EWJV iShares MSCI Japan Value ETF | 0.19% | 30,699 | $1.3M | Add +0.0% |
| AVGO Broadcom Inc. | 0.18% | 3,408 | $1.3M | Add +0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.18% | 5,716 | $1.2M | Reduce -3.4% |
| SU Suncor Energy Inc. | 0.17% | 22,712 | $1.2M | Add +1.9% |
| IAU iShares Gold Trust | 0.17% | 16,129 | $1.2M | Reduce -6.0% |
| CRC California Resources Corp. | 0.17% | 22,531 | $1.2M | Add +0.0% |
| GAM General American Investors | 0.17% | 18,151 | $1.2M | Reduce -10.8% |
| APD Air Products & Chemicals Inc. | 0.16% | 3,830 | $1.1M | Add +0.3% |
| CSL Carlisle Cos Inc. | 0.15% | 2,965 | $1.1M | No change |
| DMLP Dorchester Minerals LP | 0.15% | 42,532 | $1.1M | Reduce -0.4% |
| FTI Technipfmc PLC | 0.15% | 15,962 | $1.1M | Reduce -2.9% |
| Q Qnity Electronics Inc. | 0.15% | 6,440 | $1.1M | Add +7.2% |
| CTVA Corteva Inc. | 0.15% | 12,368 | $1.0M | Add +0.5% |
| NVDA Nvidia Corp. | 0.15% | 5,220 | $1.0M | No change |
| FITB Fifth Third Bancorp | 0.14% | 17,880 | $1.0M | No change |
| PSLV Sprott Physical Silver Trust | 0.14% | 51,774 | $977K | No change |
| VIGI Vanguard Int Div App Indx FD | 0.14% | 10,384 | $970K | No change |
| VTOL Bristow Group Inc. | 0.14% | 23,231 | $960K | Reduce -0.5% |
| RVT Royce Small-Cap Trust Inc. | 0.14% | 51,232 | $946K | No change |
| IMO Imperial Oil Ltd. | 0.14% | 8,435 | $945K | Reduce -2.3% |
| COST Costco Wholesale Corp. | 0.13% | 962 | $900K | No change |
| WMB Williams Cos Inc. | 0.12% | 11,480 | $853K | Reduce -0.9% |
| EQT Eqt Corp. | 0.11% | 14,926 | $794K | Add +0.0% |
| AGO Assured Guaranty Ltd. | 0.11% | 9,888 | $793K | Reduce -1.6% |
| GLRE Greenlight Capital Re Ltd. Class A | 0.11% | 45,710 | $740K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $237K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ENERGY TRANSFER LP (ET 9.25 PERP I) | 9.250% FXD PFD I | 20,697 | $237K | No change |
Total filed on the 13F, all lines: $697.1M.
Portfolio Sells Q1 2026 → Q2 2026
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.54 |
| AMR Alpha Metallurgical Resource | Reduce -0.0% | 0.63% | −0.17 |
| VAL Valaris Ltd. | Reduce -1.9% | 0.38% | −0.16 |
| TDW Tidewater Inc. | Reduce -0.1% | 0.47% | −0.14 |
| TPL Texas Pacific Land Corp. | Reduce -4.6% | 0.50% | −0.09 |
| COP Conocophillips | Reduce -0.4% | 0.24% | −0.08 |
| CACC Credit Acceptance Corp. | Reduce -36.5% | 0.77% | −0.06 |
| NTR Nutrien Ltd. | Reduce -0.4% | 0.21% | −0.05 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.05 |
| IAU iShares Gold Trust | Reduce -6.0% | 0.17% | −0.05 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.05 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.04 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.04 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.04 |
| BSM Black Stone Minerals LP | Reduce -2.0% | 0.26% | −0.04 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −0.03 |
| SDRL Seadrill Limited | Sold out | 0.00% | −0.03 |
| MSFT Microsoft Corp. | Reduce -1.4% | 0.94% | −0.03 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.03 |
| IMO Imperial Oil Ltd. | Reduce -2.3% | 0.14% | −0.03 |
| UBFO United Security Bancshare | Sold out | 0.00% | −0.03 |
| VTOL Bristow Group Inc. | Reduce -0.5% | 0.14% | −0.02 |
| HSY The Hershey Co. | Reduce -12.0% | 0.05% | −0.02 |
| IEO iShares U.S. Oil & Gas Explo | Reduce -2.1% | 0.09% | −0.02 |
| CRT Cross Timbers Royalty Trust | Sold out | 0.00% | −0.02 |
| DMLP Dorchester Minerals LP | Reduce -0.4% | 0.15% | −0.02 |
| FTI Technipfmc PLC | Reduce -2.9% | 0.15% | −0.02 |
| VTIP Vanguard Short-Term Tips | Reduce -11.3% | 0.10% | −0.02 |
| JOE The St Joe Co. | Reduce -0.1% | 0.45% | −0.01 |
| AIG American International Group | Reduce -0.6% | 0.23% | −0.01 |
| GAM General American Investors | Reduce -10.8% | 0.17% | −0.01 |
| IBTG iShares Ibonds Dec 2026 Term | Reduce -6.9% | 0.08% | −0.01 |
| MCK McKesson Corp. | Reduce -1.9% | 0.04% | −0.01 |
| AGO Assured Guaranty Ltd. | Reduce -1.6% | 0.11% | −0.01 |
| CSWC Capital Southwest Corp. | Reduce -9.4% | 0.07% | −0.00 |
| JNJ Johnson & Johnson | Reduce -1.3% | 1.02% | −0.00 |
| WMB Williams Cos Inc. | Reduce -0.9% | 0.12% | −0.00 |
| AMGN Amgen Inc. | Reduce -0.6% | 0.40% | −0.00 |
| ENB Enbridge Inc. | Reduce -2.0% | 0.04% | −0.00 |
| ARCO Arcos Dorados Holdings Inc. Class A | Reduce -1.9% | 0.02% | −0.00 |
| INSW International Seaways Inc. | Reduce -3.4% | 0.10% | −0.00 |
| CNA Cna Financial Corp. | Reduce -0.4% | 0.05% | +0.00 |
| TRGP Targa Resources Corp. | Reduce -0.8% | 0.04% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -3.1% | 0.04% | +0.00 |
| OFG Ofg Bancorp | Reduce -13.4% | 0.09% | +0.00 |
| USB US Bancorp | Reduce -9.5% | 0.09% | +0.00 |
| DFAI Dimensional International Co. | Reduce -1.6% | 0.23% | +0.00 |
| VONV Vanguard Russell 1000 Value | Reduce -2.7% | 0.07% | +0.01 |
| DIHP Dimensional International Hi | Reduce -0.1% | 0.21% | +0.01 |
| FWONK Liberty Media Corp. Class C | Reduce -0.4% | 0.09% | +0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| JEF Jefferies Financial Group Inc. | Add +0.5% | 4.43% | +0.69 |
| DVN Devon Energy Corp. | Add +180.4% | 0.71% | +0.39 |
| COF Capital One Financial Corp. | New | 0.37% | +0.37 |
| WRB WR Berkley Corp. | Add +0.8% | 6.43% | +0.27 |
| L Loews Corp. | Add +0.8% | 4.16% | +0.16 |
| BN Brookfield Corp. | Add +3.0% | 2.85% | +0.15 |
| USFR Wisdomtree Floating Rate Tre | Add +4.5% | 6.21% | +0.10 |
| MKL Markel Group Inc. | Add +2.5% | 5.50% | +0.09 |
| AVES Avantis Emerging Markets Val | Add +44.2% | 0.23% | +0.08 |
| EWZS iShares MSCI Brazil Small-Ca | New | 0.06% | +0.06 |
| PK Park Hotels & Resorts Inc. | New | 0.06% | +0.06 |
| QURE Uniqure NV | New | 0.06% | +0.06 |
| Q Qnity Electronics Inc. | Add +7.2% | 0.15% | +0.05 |
| OSCR Oscar Health Inc. Class A | New | 0.04% | +0.04 |
| CAT Caterpillar Inc. | New | 0.04% | +0.04 |
| UHAL U-Haul Holding Co. | New | 0.04% | +0.04 |
| TXN Texas Instruments Inc. | New | 0.04% | +0.04 |
| KELYA Kelly Services Inc. Class A | New | 0.03% | +0.03 |
| CSCO Cisco Systems Inc. | New | 0.03% | +0.03 |
| NSC Norfolk Southern Corp. | New | 0.03% | +0.03 |
| PG The Procter & Gamble Co. | New | 0.03% | +0.03 |
| CWBC Community West Bancshares | New | 0.03% | +0.03 |
| LAD Lithia Motors Inc. | New | 0.03% | +0.03 |
| ROK Rockwell Automation Inc. | New | 0.03% | +0.03 |
| KOID Kraneshares Global Humanoid | New | 0.03% | +0.03 |
| AVGO Broadcom Inc. | Add +0.2% | 0.18% | +0.03 |
| VGK Vanguard Ftse Europe ETF | New | 0.03% | +0.03 |
| JOF Japan Smaller Capitalization | Add +3.5% | 0.34% | +0.03 |
| BUR Burford Capital Ltd. | Add +23.3% | 0.34% | +0.03 |
| CSIQ Canadian Solar Inc. | New | 0.03% | +0.03 |
| DFIV Dimensional International Va | Add +1.6% | 2.13% | +0.03 |
| BTE Baytex Energy Corp. | New | 0.02% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +17.7% | 0.08% | +0.02 |
| LEN.B Lennar Corp. Class B | Add +2.7% | 0.45% | +0.02 |
| ADMA Adma Biologics Inc. | New | 0.02% | +0.02 |
| TSLA Tesla Inc. | Add +32.9% | 0.06% | +0.02 |
| TFLO iShares Treasury Floating Ra | Add +7.3% | 0.43% | +0.02 |
| AXP American Express Co. | Add +0.5% | 0.21% | +0.02 |
| VYM Vanguard High DVD Yield ETF | Add +0.4% | 0.26% | +0.01 |
| AVDV Avantis Intl S/C Value ETF | Add +0.1% | 1.98% | +0.01 |
| NVR NVR Inc. | Add +1.4% | 0.51% | +0.01 |
| LFCR Lifecore Biomedical Inc. | Add +12.8% | 0.01% | +0.00 |
| GD General Dynamics Corp. | Add +0.2% | 0.10% | +0.00 |
| ITW Illinois Tool Works | Add +0.2% | 0.04% | +0.00 |
| EWJV iShares MSCI Japan Value ETF | Add +0.0% | 0.19% | +0.00 |
| JAAA Janus Henderson Aaa Clo ETF | Add +1.2% | 0.04% | −0.00 |
| CTVA Corteva Inc. | Add +0.5% | 0.15% | −0.00 |
| APD Air Products & Chemicals Inc. | Add +0.3% | 0.16% | −0.00 |
| SRE Sempra | Add +0.4% | 0.04% | −0.00 |
| DD Dupont DE Nemours Inc. | Add +0.5% | 0.08% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 198 | $696.9M | BRK.B, FRFHF, WTM, WRB, USFR |
| Q1 2026 | 189 | $678.0M | BRK.B, FRFHF, WTM, WRB, USFR |
| Q4 2025 | 192 | $673.0M | BRK.B, FRFHF, WTM, WRB, MKL |
| Q3 2025 | 188 | $642.0M | BRK.B, FRFHF, WRB, WTM, JEF |
| Q2 2025 | 191 | $623.5M | BRK.B, FRFHF, WRB, WTM, MKL |
| Q1 2025Amended | 170 | $582.0M | BRK.B, WRB, FRFHF, WTM, MKL |
| Q4 2024Amended | 166 | $561.3M | BRK.B, JEF, FRFHF, WTM, WRB |
| Q3 2024Amended | 167 | $552.9M | BRK.B, FRFHF, WRB, WTM, JEF |
| Q2 2024Amended | 167 | $486.4M | BRK.B, WTM, WRB, ESGR, MKL |
| Q1 2024Amended | 177 | $528.9M | BRK.B, WTM, WRB, FRFHF, ESGR |