Mraz, Amerine & Associates, Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed July 24, 2025), Mraz, Amerine & Associates, Inc. reported 177 stock positions worth $528.9 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 13.9% of the portfolio, followed by White Mountains Insurance GP (WTM, 7.3%) and WR Berkley (WRB, 7.2%). Compared with Q4 2023, it opened 6 new positions, sold out of 6, added to 40 and reduced 92. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +172%) and the biggest sale an exit from CMB Tech (CMBT).

Most Recent 13F
Q2 2026
Location
Modesto, CA
CIK
0001542324
Portfolio Value
$528.9M (Q1 2024)
SEC Filing
0001214659-25-010855 ↗ filed Jul 24, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $528.9M $528.9M Q1 2024 Q2 2024: $486.4M Q2 2024 Q3 2024: $552.9M Q3 2024 Q4 2024: $561.3M Q4 2024 Q1 2025: $582.0M Q1 2025 Q2 2025: $623.5M Q2 2025 Q3 2025: $642.0M Q3 2025 Q4 2025: $673.0M Q4 2025 Q1 2026: $678.0M Q1 2026 Q2 2026: $696.9M Q2 2026

Holdings 177 stocks · $528.9M
BRK.B Berkshire Hathaway Inc. Class B 13.92% 175,087 $73.6M Reduce -3.2%
WTM White Mountains Insurance GP 7.31% 21,540 $38.6M Reduce -2.0%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 7.19% 430,203 $38.0M Reduce -1.2%
FRFHF Fairfax Financial Hldgs Ltd. 6.39% 31,326 $33.8M Reduce -1.3%
ESGR Enstar Group Ltd. 6.05% 102,949 $32.0M Add +1.1%
MKL Markel Group Inc. 5.25% 18,252 $27.8M Add +1.1%
JEF Jefferies Financial Group Inc. 4.67% 560,073 $24.7M Reduce -1.4%
L Loews Corp. 3.82% 257,914 $20.2M Reduce -2.1%
AVUV Avantis US Small Cap Value 2.71% 152,887 $14.3M Add +5.0%
MSFT Microsoft Corp. 1.54% 19,317 $8.1M Reduce -1.9%
CACC Credit Acceptance Corp. 1.41% 13,474 $7.4M Reduce -2.0%
AVDV Avantis Intl S/C Value ETF 1.37% 109,670 $7.2M Add +2.6%
BN Brookfield Corp. 1.20% 151,328 $6.3M Add +14.4%
CNQ Canadian Natural Resources 1.20% 82,969 $6.3M Reduce -0.4%
UHAL.B U-Haul Holding Co.-Non Voting 1.11% 88,175 $5.9M Reduce -0.4%
OXY Occidental Petroleum Corp. 1.08% 87,799 $5.7M Add +3.1%
DFIV Dimensional International Va 1.01% 145,320 $5.3M Add +24.1%
LEN.B Lennar Corp. Class B 0.90% 30,896 $4.8M Reduce -0.5%
BRK.A Berkshire Hathaway Inc. Class A 0.84% 7 $4.4M No change
RMT Royce Micro-Cap Trust Inc. 0.74% 416,882 $3.9M Reduce -3.0%
JAAA Janus Henderson Aaa Clo ETF 0.73% 75,943 $3.9M Add +172.3%
AR Antero Resources Corp. 0.72% 131,523 $3.8M Add +2.7%
NVR NVR Inc. 0.70% 460 $3.7M Reduce -0.4%
TDW Tidewater Inc. 0.66% 38,156 $3.5M Reduce -2.0%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.66% 63,408 $3.5M Add +4.8%
CTRA Coterra Energy Inc. 0.62% 118,526 $3.3M Reduce -0.2%
VTS Vitesse Energy Inc. 0.61% 136,076 $3.2M Add +2.7%
CLF Cleveland-Cliffs Inc. 0.60% 139,849 $3.2M Reduce -2.1%
GHC Graham Holdings Co. Class B 0.58% 4,016 $3.1M Reduce -1.5%
AMR Alpha Metallurgical Resource 0.57% 9,030 $3.0M Reduce -0.5%
FCX Freeport-McMoran Inc. 0.53% 60,071 $2.8M Add +2.2%
JNJ Johnson & Johnson 0.53% 17,790 $2.8M No change
SCHW Schwab (charles) Corp. 0.51% 37,528 $2.7M Reduce -5.8%
VYM Vanguard High DVD Yield ETF 0.49% 21,222 $2.6M Add +10.1%
VTIP Vanguard Short-Term Tips 0.47% 51,530 $2.5M Reduce -15.6%
DFLV Dim US Large Cap Value ETF 0.44% 78,395 $2.4M Add +178.0%
BR Broadridge Financial Solutio 0.43% 11,043 $2.3M Reduce -1.1%
CUBI Customers Bancorp Inc. 0.42% 42,349 $2.2M Reduce -4.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.42% 13,719 $2.2M Reduce -17.9%
AAPL Apple Inc. 0.41% 12,492 $2.1M Reduce -3.4%
BSM Black Stone Minerals LP 0.40% 130,818 $2.1M Reduce -1.8%
FCNCA First Citizens Bcshs Class A 0.39% 1,275 $2.1M Reduce -3.1%
COP Conocophillips 0.38% 15,945 $2.0M Reduce -2.2%
ABEV Ambev SA-ADR 0.37% 787,645 $2.0M Reduce -5.6%
OIH Vaneck Oil Services ETF 0.37% 5,753 $1.9M Add +16.3%
GNK Genco Shipping & Trading Ltd. 0.36% 94,130 $1.9M Add +0.6%
DISV Dimensional International SM 0.35% 69,022 $1.9M Reduce -0.6%
RES RPC Inc. 0.35% 241,410 $1.9M Reduce -5.4%
TPL Texas Pacific Land Corp. 0.35% 3,195 $1.8M No change
AMGN Amgen Inc. 0.35% 6,447 $1.8M Add +6.2%
AVEM Avantis Emerging Markets Eq 0.34% 30,958 $1.8M Add +10.8%
CRGY Crescent Energy Inc. Class A 0.34% 150,528 $1.8M Add +4.2%
WBD Warner Bros Discovery Inc. 0.34% 204,481 $1.8M Add +11.3%
EQC Equity Commonwealth 0.33% 91,124 $1.7M Add +65.4%
JOE The St Joe Co. 0.32% 29,379 $1.7M Add +4.5%
DFAI Dimensional International Co. 0.32% 55,556 $1.7M Reduce -18.9%
SBR Sabine Royalty Trust 0.32% 26,549 $1.7M Reduce -6.2%
DMLP Dorchester Minerals LP 0.31% 48,639 $1.6M Reduce -8.3%
EMR Emerson Electric Co. 0.29% 13,616 $1.5M Reduce -2.6%
GAM General American Investors 0.29% 32,520 $1.5M Reduce -6.1%
VAL Valaris Ltd. 0.27% 19,202 $1.4M Add +12.0%
DIHP Dimensional International Hi 0.26% 51,772 $1.4M Reduce -9.3%
CVX Chevron Corp. 0.26% 8,841 $1.4M Reduce -1.0%
VIGI Vanguard Int Div App Indx FD 0.26% 16,909 $1.4M Reduce -7.1%
NMM Navios Maritime Partners LP 0.26% 32,340 $1.4M Reduce -0.6%
AXP American Express Co. 0.24% 5,629 $1.3M Reduce -8.3%
DEC Diversified Energy Co. PLC 0.24% 106,235 $1.3M New
CRC California Resources Corp. 0.24% 22,830 $1.3M Reduce -0.8%
CABO Cable One Inc. 0.23% 2,900 $1.2M Add +705.6%
DVN Devon Energy Corp. 0.23% 24,445 $1.2M Add +10.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.23% 21,210 $1.2M Reduce -13.1%
BUR Burford Capital Ltd. 0.22% 73,563 $1.2M Add +6.1%
CSWC Capital Southwest Corp. 0.22% 47,044 $1.2M Reduce -5.8%
CLB Core Laboratories Inc. 0.20% 63,462 $1.1M Reduce -2.7%
AGO Assured Guaranty Ltd. 0.20% 12,388 $1.1M Reduce -1.4%
NTR Nutrien Ltd. 0.20% 19,388 $1.1M Add +4.6%
SJT San Juan Basin Royalty TR 0.20% 196,109 $1.0M Reduce -10.1%
DO Diamond Offshore Drilling Inc. 0.19% 74,073 $1.0M Reduce -3.6%
ABT Abbott Laboratories 0.19% 8,881 $1.0M Reduce -8.3%
RVT Royce Small-Cap Trust Inc. 0.18% 64,330 $976K Reduce -0.8%
CVS CVS Health Corp. 0.18% 12,148 $969K Add +4.7%
APD Air Products & Chemicals Inc. 0.18% 3,830 $928K Add +0.4%
DD Dupont DE Nemours Inc. 0.18% 12,082 $926K Reduce -0.8%
IAU iShares Gold Trust 0.17% 21,617 $908K Add +6.4%
DFAC Dimensional US Core Equity 2 0.17% 28,415 $908K Reduce -20.8%
IVOL Quadratic Int Rte Vol Infl H 0.17% 47,140 $892K No change
SU Suncor Energy Inc. 0.17% 23,823 $879K Reduce -1.6%
CVE Cenovus Energy Inc. 0.16% 43,515 $870K Add +23.6%
AVES Avantis Emerging Markets Val 0.16% 18,315 $868K Reduce -2.7%
HP Helmerich & Payne 0.16% 20,184 $849K Reduce -2.4%
AMAT Applied Materials Inc. 0.15% 3,973 $819K Add +11.5%
IEO iShares U.S. Oil & Gas Explo 0.15% 7,327 $784K Reduce -10.7%
CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW 0.14% 44,339 $752K Reduce -33.5%
VONV Vanguard Russell 1000 Value 0.14% 9,421 $741K Reduce -6.8%
CNA Cna Financial Corp. 0.14% 15,858 $720K Reduce -3.1%
CTVA Corteva Inc. 0.14% 12,451 $718K Add +0.0%
COST Costco Wholesale Corp. 0.13% 961 $704K Reduce -2.5%
PSLV Sprott Physical Silver Trust 0.13% 84,725 $702K No change
DOW Dow Inc. 0.13% 12,111 $702K Add +0.0%
HAL Halliburton Co. 0.13% 17,736 $699K Add +20.4%
CRT Cross Timbers Royalty Trust 0.13% 51,111 $666K Reduce -11.9%
VTOL Bristow Group Inc. 0.13% 24,389 $663K Reduce -5.2%
EBAY eBay Inc. 0.12% 12,252 $647K Reduce -5.2%
FWONK Liberty Media Corp. Class C 0.12% 9,724 $638K Reduce -7.4%
IMO Imperial Oil Ltd. 0.12% 9,180 $635K No change
NVS Novartis AG-Sponsored ADR 0.12% 6,398 $619K Reduce -0.5%
OFG Ofg Bancorp 0.11% 16,400 $604K No change
BPMC Blueprint Medicines Corp. 0.11% 6,076 $576K Reduce -3.7%
USB US Bancorp 0.11% 12,808 $573K No change
GD General Dynamics Corp. 0.11% 2,015 $569K No change
INSW International Seaways Inc. 0.11% 10,508 $559K No change
EQT Eqt Corp. 0.11% 15,076 $559K Add +27.1%
WMB Williams Cos Inc. 0.10% 14,156 $552K No change
PXE Invesco Energy Exploration 0.10% 15,131 $542K New
LUMN Lumen Technologies Inc. 0.10% 325,979 $509K Add +13.7%
MAC The Macerich Co. 0.10% 29,335 $505K Reduce -22.3%
SO The Southern Co. 0.09% 6,890 $494K No change
AVGO Broadcom Inc. 0.08% 330 $437K No change
FTI Technipfmc PLC 0.08% 17,373 $436K Reduce -0.2%
OEC Orion SA 0.08% 18,180 $428K Reduce -5.2%
XSORX Source Capital Inc. 0.08% 9,687 $412K Reduce -21.7%
QCOM Qualcomm Inc. 0.08% 2,430 $411K Reduce -4.1%
LMT Lockheed Martin Corp. 0.08% 876 $398K Reduce -6.2%
VIG Vanguard Dividend Apprec ETF 0.07% 2,160 $395K Reduce -24.6%
CSW CSW Industrials Inc. 0.07% 1,600 $375K No change
CMCSA Comcast Corp. Class A 0.07% 8,511 $369K No change
KF Korea Fund Inc. 0.06% 13,350 $339K New
GEOS Geospace Technologies Corp. 0.06% 25,031 $330K Reduce -2.7%
OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC 0.06% 21,100 $330K Reduce -6.6%
SRE Sempra 0.06% 4,591 $330K No change
WY Weyerhaeuser Co. 0.06% 9,061 $325K Reduce -33.4%
ZTS Zoetis Inc. 0.06% 1,917 $324K Reduce -4.0%
DJCO Daily Journal Corp. 0.06% 889 $321K No change
UHAL U-Haul Holding Co. 0.06% 4,715 $318K Reduce -13.0%
IP International Paper Co. 0.06% 8,050 $314K Reduce -3.6%
PDS Precision Drilling Corp. 0.06% 4,567 $307K Reduce -11.2%
ENB Enbridge Inc. 0.06% 8,304 $300K Reduce -3.5%
VYMI Vanguard Int High DVD YLD Inc. 0.05% 4,188 $288K No change
RRC Range Resources Corp. 0.05% 8,330 $287K No change
VEA Vanguard Ftse Developed ETF 0.05% 5,611 $282K No change
CSCO Cisco Systems Inc. 0.05% 5,533 $276K Reduce -8.4%
MRK Merck & Co. Inc. 0.05% 2,076 $274K No change
LBTYK Liberty Global Ltd. Class C 0.05% 15,063 $266K Reduce -20.4%
IDT Idt Corp. Class B 0.05% 6,937 $262K No change
SYLD Cambria Shareholder Yield Et 0.05% 3,548 $260K No change
XOM Exxon Mobil Corp. 0.05% 2,228 $259K No change
WABC Westamerica Bancorporation 0.05% 5,166 $253K Reduce -31.3%
CEF Sprott Physical Gold and Sil 0.05% 12,291 $250K No change
PTEN Patterson-Uti Energy Inc. 0.05% 20,822 $249K Reduce -10.2%
MRO Marathon Oil Corp. 0.05% 8,768 $248K Add +1.6%
DFEV Dimensional Emrg MRKT Val 0.05% 9,470 $246K No change
MET Metlife Inc. 0.04% 3,134 $232K Reduce -5.5%
TRMD Torm PLC-A 0.04% 6,585 $230K Reduce -7.1%
X United States Steel Corp. 0.04% 5,600 $228K No change
SWN Southwestern Energy Co. 0.04% 30,000 $227K Reduce -68.8%
LAD Lithia Motors Inc. 0.04% 751 $226K Add +5.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 5,805 $220K New
BX Blackstone Inc. 0.04% 1,675 $220K Reduce -15.2%
MCK McKesson Corp. 0.04% 409 $220K Reduce -20.6%
VZ Verizon Communications Inc. 0.04% 5,202 $218K New
PNC PNC Financial Services Group 0.04% 1,350 $218K No change
VGK Vanguard Ftse Europe ETF 0.04% 3,171 $214K Reduce -3.1%
OVLY Oak Valley Bancorp filed as OAK VY BANCORP OAKDALE CALIF 0.04% 8,337 $207K No change
HNRG Hallador Energy Co. 0.03% 31,500 $168K New
UBFO United Security Bancshare 0.03% 19,862 $153K No change
VTRS Viatris Inc. 0.03% 12,000 $143K No change
FUND Sprott Focus Trust Inc. 0.02% 15,835 $127K No change
GRINDROD SHIPPING HOLDINGS L 0.02% 10,745 $111K No change
MTR Mesa Royalty Trust 0.02% 10,526 $111K Reduce -9.9%
TTI Tetra Technologies Inc. 0.02% 22,000 $97K No change
BRFS BRF SA-ADR 0.02% 29,725 $97K Add +30.8%
ARQ Arq Inc. 0.01% 11,300 $73K No change
QURE Uniqure NV 0.01% 13,109 $68K Reduce -3.6%
SB Safe Bulkers Inc. 0.01% 13,346 $66K No change
PHX PHX Minerals Inc. 0.01% 14,544 $50K No change
GLDG Goldmining Inc. 0.00% 10,000 $9K No change
TPHS Trinity Place Holdings Inc. 0.00% 13,572 $2K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $282K (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 6,532$282KReduce -0.4%

Total filed on the 13F, all lines: $529.1M.

Portfolio Sells Q4 2023 → Q1 2024
CMBT CMB Tech NV Sold out 0.00% −0.22
UHAL.B U-Haul Holding Co.-Non Voting Reduce -0.4% 1.11% −0.19
VTIP Vanguard Short-Term Tips Reduce -15.6% 0.47% −0.14
JEF Jefferies Financial Group Inc. Reduce -1.4% 4.67% −0.14
CACC Credit Acceptance Corp. Reduce -2.0% 1.41% −0.13
ABEV Ambev SA-ADR Reduce -5.6% 0.37% −0.12
AAPL Apple Inc. Reduce -3.4% 0.41% −0.12
CUBI Customers Bancorp Inc. Reduce -4.7% 0.42% −0.11
VTV Vanguard Mrngstr Val ETF-Aui Reduce -17.9% 0.42% −0.10
CTO Cto Realty Growth Inc. Reduce -33.5% 0.14% −0.10
DFAI Dimensional International Co. Reduce -18.9% 0.32% −0.09
SWN Southwestern Energy Co. Reduce -68.8% 0.04% −0.09
RMT Royce Micro-Cap Trust Inc. Reduce -3.0% 0.74% −0.09
CRT Cross Timbers Royalty Trust Reduce -11.9% 0.13% −0.09
SBR Sabine Royalty Trust Reduce -6.2% 0.32% −0.08
CCJ Cameco Corp. Sold out 0.00% −0.08
LBRDK Liberty Broadband-C Sold out 0.00% −0.08
AMR Alpha Metallurgical Resource Reduce -0.5% 0.57% −0.08
SCHW Schwab (charles) Corp. Reduce -5.8% 0.51% −0.06
FNF Fidelity National Financial Sold out 0.00% −0.05
BR Broadridge Financial Solutio Reduce -1.1% 0.43% −0.05
BSM Black Stone Minerals LP Reduce -1.8% 0.40% −0.05
DFAC Dimensional US Core Equity 2 Reduce -20.8% 0.17% −0.05
DMLP Dorchester Minerals LP Reduce -8.3% 0.31% −0.04
DIHP Dimensional International Hi Reduce -9.3% 0.26% −0.04
DUHP Dimensional US High Profi Et Sold out 0.00% −0.04
VIGI Vanguard Int Div App Indx FD Reduce -7.1% 0.26% −0.04
WABC Westamerica Bancorporation Reduce -31.3% 0.05% −0.04
WY Weyerhaeuser Co. Reduce -33.4% 0.06% −0.04
CLB Core Laboratories Inc. Reduce -2.7% 0.20% −0.04
RES RPC Inc. Reduce -5.4% 0.35% −0.04
SJT San Juan Basin Royalty TR Reduce -10.1% 0.20% −0.04
BNY Bank of New York Mellon Corp. Reduce -13.1% 0.23% −0.04
ABT Abbott Laboratories Reduce -8.3% 0.19% −0.03
OEC Orion SA Reduce -5.2% 0.08% −0.03
VIG Vanguard Dividend Apprec ETF Reduce -24.6% 0.07% −0.03
VTOL Bristow Group Inc. Reduce -5.2% 0.13% −0.03
XSORX Source Capital Inc. Reduce -21.7% 0.08% −0.03
MAC The Macerich Co. Reduce -22.3% 0.10% −0.03
CSWC Capital Southwest Corp. Reduce -5.8% 0.22% −0.03
CRC California Resources Corp. Reduce -0.8% 0.24% −0.03
GAM General American Investors Reduce -6.1% 0.29% −0.03
L Loews Corp. Reduce -2.1% 3.82% −0.02
LBTYK Liberty Global Ltd. Class C Reduce -20.4% 0.05% −0.02
UHAL U-Haul Holding Co. Reduce -13.0% 0.06% −0.02
DD Dupont DE Nemours Inc. Reduce -0.8% 0.18% −0.02
ZTS Zoetis Inc. Reduce -4.0% 0.06% −0.02
DISV Dimensional International SM Reduce -0.6% 0.35% −0.02
NVS Novartis AG-Sponsored ADR Reduce -0.5% 0.12% −0.02
DO Diamond Offshore Drilling Inc. Reduce -3.6% 0.19% −0.02

Portfolio Buys Q4 2023 → Q1 2024
JAAA Janus Henderson Aaa Clo ETF Add +172.3% 0.73% +0.43
DFLV Dim US Large Cap Value ETF Add +178.0% 0.44% +0.28
DEC Diversified Energy Co. PLC New 0.24% +0.24
CABO Cable One Inc. Add +705.6% 0.23% +0.19
DFIV Dimensional International Va Add +24.1% 1.01% +0.17
AR Antero Resources Corp. Add +2.7% 0.72% +0.11
EQC Equity Commonwealth Add +65.4% 0.33% +0.10
PXE Invesco Energy Exploration New 0.10% +0.10
BN Brookfield Corp. Add +14.4% 1.20% +0.09
KF Korea Fund Inc. New 0.06% +0.06
OIH Vaneck Oil Services ETF Add +16.3% 0.37% +0.04
CVE Cenovus Energy Inc. Add +23.6% 0.16% +0.04
BAC Bank of America Corp. New 0.04% +0.04
VZ Verizon Communications Inc. New 0.04% +0.04
GNK Genco Shipping & Trading Ltd. Add +0.6% 0.36% +0.04
VYM Vanguard High DVD Yield ETF Add +10.1% 0.49% +0.03
AMAT Applied Materials Inc. Add +11.5% 0.15% +0.03
HNRG Hallador Energy Co. New 0.03% +0.03
VAL Valaris Ltd. Add +12.0% 0.27% +0.03
DVN Devon Energy Corp. Add +10.8% 0.23% +0.02
HAL Halliburton Co. Add +20.4% 0.13% +0.02
OXY Occidental Petroleum Corp. Add +3.1% 1.08% +0.01
CTVA Corteva Inc. Add +0.0% 0.14% +0.01
EQT Eqt Corp. Add +27.1% 0.11% +0.01
FCX Freeport-McMoran Inc. Add +2.2% 0.53% +0.01
AVEM Avantis Emerging Markets Eq Add +10.8% 0.34% +0.01
IAU iShares Gold Trust Add +6.4% 0.17% +0.01
BRFS BRF SA-ADR Add +30.8% 0.02% +0.01
MRO Marathon Oil Corp. Add +1.6% 0.05% +0.00
VTS Vitesse Energy Inc. Add +2.7% 0.61% +0.00
SLB SLB Ltd. Add +4.8% 0.66% −0.00
BUR Burford Capital Ltd. Add +6.1% 0.22% −0.00
LAD Lithia Motors Inc. Add +5.6% 0.04% −0.01
DOW Dow Inc. Add +0.0% 0.13% −0.01
CVS CVS Health Corp. Add +4.7% 0.18% −0.01
LUMN Lumen Technologies Inc. Add +13.7% 0.10% −0.01
NTR Nutrien Ltd. Add +4.6% 0.20% −0.02
AMGN Amgen Inc. Add +6.2% 0.35% −0.02
AVUV Avantis US Small Cap Value Add +5.0% 2.71% −0.03
JOE The St Joe Co. Add +4.5% 0.32% −0.03
AVDV Avantis Intl S/C Value ETF Add +2.6% 1.37% −0.03
APD Air Products & Chemicals Inc. Add +0.4% 0.18% −0.04
CRGY Crescent Energy Inc. Class A Add +4.2% 0.34% −0.06
WBD Warner Bros Discovery Inc. Add +11.3% 0.34% −0.10
MKL Markel Group Inc. Add +1.1% 5.25% −0.12
ESGR Enstar Group Ltd. Add +1.1% 6.05% −0.23

Notes & Other Activity Q4 2023 → Q1 2024
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Reduce -0.4% 6,532 $282K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 198$696.9MBRK.B, FRFHF, WTM, WRB, USFR
Q1 2026 189$678.0MBRK.B, FRFHF, WTM, WRB, USFR
Q4 2025 192$673.0MBRK.B, FRFHF, WTM, WRB, MKL
Q3 2025 188$642.0MBRK.B, FRFHF, WRB, WTM, JEF
Q2 2025 191$623.5MBRK.B, FRFHF, WRB, WTM, MKL
Q1 2025Amended 170$582.0MBRK.B, WRB, FRFHF, WTM, MKL
Q4 2024Amended 166$561.3MBRK.B, JEF, FRFHF, WTM, WRB
Q3 2024Amended 167$552.9MBRK.B, FRFHF, WRB, WTM, JEF
Q2 2024Amended 167$486.4MBRK.B, WTM, WRB, ESGR, MKL
Q1 2024Amended 177$528.9MBRK.B, WTM, WRB, FRFHF, ESGR