Mraz, Amerine & Associates, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 5, 2026), Mraz, Amerine & Associates, Inc. reported 189 stock positions worth $678.0 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 11.2% of the portfolio, followed by Fairfax Financial (FRFHF, 7.3%) and White Mountains Insurance GP (WTM, 7.2%). Compared with Q4 2025, it opened 11 new positions, sold out of 14, added to 41 and reduced 75. The biggest buy was Wisdomtree Floating Rate Tre (USFR, shares +14%) and the biggest sale Fairfax Financial (FRFHF, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Modesto, CA
- CIK
- 0001542324
- Portfolio Value
- $678.0M (Q1 2026)
- SEC Filing
- 0001214659-26-005580 ↗ filed May 5, 2026
Holdings Value
Holdings 189 stocks · $678.0M
| BRK.B Berkshire Hathaway Inc. Class B | 11.22% | 158,696 | $76.0M | Reduce -1.7% |
| FRFHF Fairfax Financial Hldgs Ltd. | 7.31% | 29,102 | $49.6M | Reduce -0.1% |
| WTM White Mountains Insurance GP | 7.19% | 22,179 | $48.7M | Reduce -2.0% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 6.16% | 630,593 | $41.8M | Reduce -0.4% |
| USFR Wisdomtree Floating Rate Tre | 6.11% | 822,468 | $41.4M | Add +14.4% |
| MKL Markel Group Inc. | 5.40% | 19,137 | $36.6M | Add +1.1% |
| L Loews Corp. | 3.99% | 253,694 | $27.1M | Reduce -0.3% |
| JEF Jefferies Financial Group Inc. | 3.74% | 614,323 | $25.4M | Add +6.1% |
| AVUV Avantis US Small Cap Value | 2.72% | 166,886 | $18.4M | Reduce -0.9% |
| BN Brookfield Corp. | 2.71% | 453,297 | $18.3M | Add +12.9% |
| DFIV Dimensional International Va | 2.10% | 269,865 | $14.2M | Add +1.0% |
| AVDV Avantis Intl S/C Value ETF | 1.97% | 133,957 | $13.4M | Add +0.5% |
| CNQ Canadian Natural Resources | 1.68% | 233,917 | $11.4M | Reduce -0.8% |
| CVE Cenovus Energy Inc. | 1.42% | 363,286 | $9.6M | Add +0.0% |
| OXY Occidental Petroleum Corp. | 1.27% | 132,177 | $8.6M | Add +0.2% |
| JNJ Johnson & Johnson | 1.02% | 28,269 | $6.9M | Reduce -0.3% |
| MSFT Microsoft Corp. | 0.98% | 17,876 | $6.6M | Reduce -2.0% |
| AR Antero Resources Corp. | 0.97% | 155,154 | $6.6M | Add +2.9% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.93% | 122,785 | $6.3M | Add +2.1% |
| AVEM Avantis Emerging Markets Eq | 0.91% | 76,662 | $6.2M | Add +5.8% |
| CACC Credit Acceptance Corp. | 0.82% | 13,195 | $5.6M | Reduce -0.3% |
| AMR Alpha Metallurgical Resource | 0.80% | 26,462 | $5.4M | Add +0.1% |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.77% | 117,166 | $5.2M | Add +5.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.74% | 7 | $5.0M | No change |
| TDW Tidewater Inc. | 0.61% | 49,498 | $4.1M | Reduce -0.9% |
| HAL Halliburton Co. | 0.61% | 105,733 | $4.1M | Add +3.0% |
| TPL Texas Pacific Land Corp. | 0.59% | 8,428 | $4.0M | Reduce -0.6% |
| RMT Royce Micro-Cap Trust Inc. | 0.59% | 350,908 | $4.0M | Reduce -1.3% |
| OIH Vaneck Oil Services ETF | 0.58% | 9,777 | $4.0M | Reduce -2.0% |
| AAPL Apple Inc. | 0.54% | 14,544 | $3.7M | Reduce -1.3% |
| CTRA Coterra Energy Inc. | 0.54% | 103,839 | $3.6M | Add +0.0% |
| GHC Graham Holdings Co. Class B | 0.54% | 3,443 | $3.6M | Reduce -3.7% |
| VAL Valaris Ltd. | 0.54% | 37,108 | $3.6M | Reduce -0.0% |
| NVR NVR Inc. | 0.50% | 515 | $3.4M | Add +2.4% |
| NE Noble Corp. PLC | 0.47% | 64,448 | $3.2M | Add +6.7% |
| FCX Freeport-McMoran Inc. | 0.47% | 53,732 | $3.2M | Reduce -6.2% |
| JOE The St Joe Co. | 0.46% | 49,877 | $3.1M | Reduce -0.5% |
| KF Korea Fund Inc. | 0.45% | 67,780 | $3.0M | Reduce -0.7% |
| DEC Diversified Energy Co. | 0.43% | 167,445 | $2.9M | Add +11.8% |
| SCHW Schwab (charles) Corp. | 0.43% | 30,923 | $2.9M | No change |
| NMM Navios Maritime Partners LP | 0.43% | 43,021 | $2.9M | Reduce -0.5% |
| LEN.B Lennar Corp. Class B | 0.43% | 34,366 | $2.9M | Add +5.4% |
| VTS Vitesse Energy Inc. | 0.41% | 154,605 | $2.8M | Add +7.0% |
| TFLO iShares Treasury Floating Ra | 0.41% | 54,614 | $2.8M | Add +3.4% |
| CRGY Crescent Energy Inc. Class A | 0.40% | 201,878 | $2.7M | Reduce -7.3% |
| AMGN Amgen Inc. | 0.40% | 7,712 | $2.7M | Reduce -12.3% |
| DISV Dimensional International SM | 0.40% | 68,552 | $2.7M | No change |
| CUBI Customers Bancorp Inc. | 0.38% | 36,633 | $2.5M | Reduce -2.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.35% | 20,270 | $2.4M | No change |
| SBLK Star Bulk Carriers Corp. | 0.33% | 97,991 | $2.3M | Reduce -0.1% |
| PXE Invesco Energy Exploration | 0.33% | 57,035 | $2.2M | Add +2.0% |
| LUMN Lumen Technologies Inc. | 0.33% | 321,394 | $2.2M | Add +1.9% |
| COP Conocophillips | 0.32% | 16,444 | $2.2M | Reduce -0.1% |
| DVN Devon Energy Corp. | 0.32% | 42,649 | $2.1M | Reduce -0.3% |
| JOF Japan Smaller Capitalization | 0.31% | 195,453 | $2.1M | Add +11.9% |
| BUR Burford Capital Ltd. | 0.31% | 465,273 | $2.1M | Add +28.0% |
| ABEV Ambev SA-ADR | 0.30% | 706,309 | $2.1M | Reduce -0.1% |
| DFLV Dim US Large Cap Value ETF | 0.30% | 57,584 | $2.1M | Reduce -5.2% |
| BSM Black Stone Minerals LP | 0.30% | 133,651 | $2.0M | No change |
| FCNCA First Citizens Bcshs Class A | 0.29% | 1,061 | $2.0M | Reduce -2.3% |
| WSC Willscot Holdings Corp. | 0.28% | 110,998 | $1.9M | Add +2.6% |
| AMTM Amentum Holdings Inc. | 0.28% | 71,985 | $1.9M | Add +12.1% |
| CVX Chevron Corp. | 0.28% | 9,068 | $1.9M | Add +0.2% |
| EMR Emerson Electric Co. | 0.27% | 14,062 | $1.8M | Reduce -10.7% |
| MRK Merck & Co. Inc. | 0.27% | 15,209 | $1.8M | Add +0.0% |
| NTR Nutrien Ltd. | 0.26% | 23,225 | $1.8M | Reduce -0.8% |
| SBR Sabine Royalty Trust | 0.26% | 23,325 | $1.7M | Reduce -1.6% |
| BR Broadridge Financial Solutio | 0.25% | 10,499 | $1.7M | Add +5.6% |
| VYM Vanguard High DVD Yield ETF | 0.25% | 11,332 | $1.7M | Reduce -1.9% |
| AIG American International Group | 0.24% | 21,276 | $1.6M | Add +8.0% |
| DFAI Dimensional International Co. | 0.23% | 40,311 | $1.6M | Reduce -1.7% |
| CRC California Resources Corp. | 0.23% | 22,523 | $1.6M | Add +0.1% |
| IAU iShares Gold Trust | 0.22% | 17,154 | $1.5M | Reduce -3.3% |
| SU Suncor Energy Inc. | 0.22% | 22,282 | $1.5M | Reduce -0.5% |
| DIHP Dimensional International Hi | 0.21% | 43,185 | $1.4M | Reduce -0.6% |
| EWJV iShares MSCI Japan Value ETF | 0.19% | 30,694 | $1.3M | Reduce -7.2% |
| AXP American Express Co. | 0.19% | 4,305 | $1.3M | No change |
| PSLV Sprott Physical Silver Trust | 0.19% | 51,774 | $1.3M | Reduce -38.9% |
| GAM General American Investors | 0.18% | 20,351 | $1.2M | Reduce -7.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.17% | 5,919 | $1.2M | Reduce -2.8% |
| DMLP Dorchester Minerals LP | 0.17% | 42,712 | $1.2M | Add +0.1% |
| FTI Technipfmc PLC | 0.17% | 16,431 | $1.1M | Reduce -0.3% |
| IMO Imperial Oil Ltd. | 0.17% | 8,630 | $1.1M | No change |
| APD Air Products & Chemicals Inc. | 0.16% | 3,819 | $1.1M | Reduce -2.3% |
| VTOL Bristow Group Inc. | 0.16% | 23,343 | $1.1M | Reduce -1.0% |
| AVGO Broadcom Inc. | 0.16% | 3,400 | $1.1M | No change |
| CTVA Corteva Inc. | 0.15% | 12,305 | $1.0M | Reduce -0.7% |
| AVES Avantis Emerging Markets Val | 0.15% | 17,165 | $1.0M | Reduce -0.6% |
| CSL Carlisle Cos Inc. | 0.15% | 2,965 | $989K | Reduce -26.1% |
| COST Costco Wholesale Corp. | 0.14% | 962 | $959K | No change |
| EQT Eqt Corp. | 0.14% | 14,921 | $950K | Add +0.0% |
| VIGI Vanguard Int Div App Indx FD | 0.14% | 10,384 | $919K | No change |
| NVDA Nvidia Corp. | 0.13% | 5,220 | $910K | Reduce -1.2% |
| SJT San Juan Basin Royalty TR | 0.13% | 184,236 | $884K | No change |
| RVT Royce Small-Cap Trust Inc. | 0.13% | 51,232 | $850K | Reduce -1.7% |
| WMB Williams Cos Inc. | 0.12% | 11,581 | $843K | Reduce -2.0% |
| FITB Fifth Third Bancorp | 0.12% | 17,880 | $831K | No change |
| AGO Assured Guaranty Ltd. | 0.12% | 10,053 | $819K | Reduce -0.5% |
| GLRE Greenlight Capital Re Ltd. Class A | 0.12% | 45,710 | $790K | No change |
| VTIP Vanguard Short-Term Tips | 0.12% | 15,784 | $788K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $239K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ENERGY TRANSFER LP (ET 9.25 PERP I) | 9.250% FXD PFD I | 20,697 | $239K | New |
Total filed on the 13F, all lines: $678.2M.
Portfolio Sells Q4 2025 → Q1 2026
| FRFHF Fairfax Financial Hldgs Ltd. | Reduce -0.1% | 7.31% | −0.93 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.7% | 11.22% | −0.84 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.49 |
| WRB WR Berkley Corp. | Reduce -0.4% | 6.16% | −0.43 |
| MSFT Microsoft Corp. | Reduce -2.0% | 0.98% | −0.33 |
| PSLV Sprott Physical Silver Trust | Reduce -38.9% | 0.19% | −0.11 |
| WFC Wells Fargo & Co. | Reduce -65.0% | 0.03% | −0.08 |
| FCNCA First Citizens Bcshs Class A | Reduce -2.3% | 0.29% | −0.05 |
| AAPL Apple Inc. | Reduce -1.3% | 0.54% | −0.05 |
| SO The Southern Co. | Reduce -59.5% | 0.04% | −0.05 |
| CACC Credit Acceptance Corp. | Reduce -0.3% | 0.82% | −0.05 |
| GHC Graham Holdings Co. Class B | Reduce -3.7% | 0.54% | −0.05 |
| CSL Carlisle Cos Inc. | Reduce -26.1% | 0.15% | −0.04 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.04 |
| EMR Emerson Electric Co. | Reduce -10.7% | 0.27% | −0.04 |
| LAD Lithia Motors Inc. | Sold out | 0.00% | −0.04 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.04 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.03 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.03 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.03 |
| CUBI Customers Bancorp Inc. | Reduce -2.2% | 0.38% | −0.03 |
| UHAL U-Haul Holding Co. | Sold out | 0.00% | −0.03 |
| QURE Uniqure NV | Sold out | 0.00% | −0.03 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.03 |
| MRP Millrose Properties | Sold out | 0.00% | −0.03 |
| AMGN Amgen Inc. | Reduce -12.3% | 0.40% | −0.03 |
| NVS Novartis AG-Sponsored ADR | Reduce -27.7% | 0.10% | −0.03 |
| CRT Cross Timbers Royalty Trust | Reduce -70.0% | 0.02% | −0.03 |
| ITW Illinois Tool Works | Reduce -40.5% | 0.04% | −0.03 |
| BAC Bank of America Corp. | Reduce -27.9% | 0.04% | −0.02 |
| HOUS Anywhere Real Estate Inc. | Sold out | 0.00% | −0.02 |
| RPM RPM International Inc. | Reduce -14.3% | 0.09% | −0.02 |
| GAM General American Investors | Reduce -7.8% | 0.18% | −0.02 |
| SRE Sempra | Reduce -36.0% | 0.04% | −0.02 |
| CSWC Capital Southwest Corp. | Reduce -16.1% | 0.08% | −0.02 |
| RLJ RLJ Lodging Trust | Sold out | 0.00% | −0.02 |
| AGO Assured Guaranty Ltd. | Reduce -0.5% | 0.12% | −0.01 |
| NVDA Nvidia Corp. | Reduce -1.2% | 0.13% | −0.01 |
| TSLA Tesla Inc. | Reduce -3.5% | 0.04% | −0.01 |
| DSX Diana Shipping Inc. | Sold out | 0.00% | −0.01 |
| OFG Ofg Bancorp | Reduce -6.3% | 0.09% | −0.01 |
| OEC Orion SA | Reduce -41.1% | 0.02% | −0.01 |
| VYMI Vanguard Int High DVD YLD Inc. | Reduce -16.7% | 0.05% | −0.01 |
| DFAC Dimensional US Core Equity 2 | Reduce -4.4% | 0.07% | −0.01 |
| CNA Cna Financial Corp. | Reduce -5.9% | 0.05% | −0.01 |
| DFLV Dim US Large Cap Value ETF | Reduce -5.2% | 0.30% | −0.01 |
| EWJV iShares MSCI Japan Value ETF | Reduce -7.2% | 0.19% | −0.00 |
| PNC PNC Financial Services Group | Reduce -4.0% | 0.04% | −0.00 |
| VONV Vanguard Russell 1000 Value | Reduce -3.4% | 0.07% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.3% | 0.04% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| USFR Wisdomtree Floating Rate Tre | Add +14.4% | 6.11% | +0.73 |
| CVE Cenovus Energy Inc. | Add +0.0% | 1.42% | +0.51 |
| OXY Occidental Petroleum Corp. | Add +0.2% | 1.27% | +0.46 |
| SLB SLB Ltd. | Add +2.1% | 0.93% | +0.24 |
| NE Noble Corp. PLC | Add +6.7% | 0.47% | +0.21 |
| AR Antero Resources Corp. | Add +2.9% | 0.97% | +0.20 |
| HAL Halliburton Co. | Add +3.0% | 0.61% | +0.18 |
| CTRA Coterra Energy Inc. | Add +0.0% | 0.54% | +0.13 |
| DFIV Dimensional International Va | Add +1.0% | 2.10% | +0.12 |
| AVDV Avantis Intl S/C Value ETF | Add +0.5% | 1.97% | +0.11 |
| DEC Diversified Energy Co. | Add +11.8% | 0.43% | +0.11 |
| PXE Invesco Energy Exploration | Add +2.0% | 0.33% | +0.10 |
| IBTG iShares Ibonds Dec 2026 Term | New | 0.09% | +0.09 |
| AVEM Avantis Emerging Markets Eq | Add +5.8% | 0.91% | +0.08 |
| CRC California Resources Corp. | Add +0.1% | 0.23% | +0.08 |
| CVX Chevron Corp. | Add +0.2% | 0.28% | +0.07 |
| MCK McKesson Corp. | New | 0.05% | +0.05 |
| ZTS Zoetis Inc. | New | 0.04% | +0.04 |
| ETR Entergy Corp. | New | 0.04% | +0.04 |
| SDRL Seadrill Limited | New | 0.03% | +0.03 |
| RPRX Royalty Pharma PLC Class A | New | 0.03% | +0.03 |
| MRK Merck & Co. Inc. | Add +0.0% | 0.27% | +0.03 |
| ELVA Electrovaya Inc. | New | 0.03% | +0.03 |
| AMCX AMC Global Media Inc. | New | 0.03% | +0.03 |
| DMLP Dorchester Minerals LP | Add +0.1% | 0.17% | +0.03 |
| CRTO Criteo SA-Spon | New | 0.03% | +0.03 |
| JOF Japan Smaller Capitalization | Add +11.9% | 0.31% | +0.03 |
| EQT Eqt Corp. | Add +0.0% | 0.14% | +0.02 |
| LMT Lockheed Martin Corp. | Add +0.1% | 0.08% | +0.02 |
| AMR Alpha Metallurgical Resource | Add +0.1% | 0.80% | +0.02 |
| IART Integra Lifesciences Holding | New | 0.01% | +0.01 |
| TFLO iShares Treasury Floating Ra | Add +3.4% | 0.41% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +36.9% | 0.05% | +0.01 |
| LFCR Lifecore Biomedical Inc. | New | 0.01% | +0.01 |
| CABO Cable One Inc. | Add +27.1% | 0.09% | +0.00 |
| IDT Idt Corp. Class B | Add +7.7% | 0.04% | +0.00 |
| VTS Vitesse Energy Inc. | Add +7.0% | 0.41% | +0.00 |
| AMTM Amentum Holdings Inc. | Add +12.1% | 0.28% | +0.00 |
| UHAL.B U-Haul Holding Co.-Non Voting | Add +5.4% | 0.77% | −0.00 |
| JAAA Janus Henderson Aaa Clo ETF | Add +0.7% | 0.04% | −0.00 |
| JPM JPMorgan Chase & Co. | Add +0.1% | 0.04% | −0.00 |
| OSG Octave Specialty Group Inc. | Add +13.2% | 0.01% | −0.01 |
| AIG American International Group | Add +8.0% | 0.24% | −0.01 |
| WSC Willscot Holdings Corp. | Add +2.6% | 0.28% | −0.02 |
| BN Brookfield Corp. | Add +12.9% | 2.71% | −0.03 |
| LEN.B Lennar Corp. Class B | Add +5.4% | 0.43% | −0.03 |
| LUMN Lumen Technologies Inc. | Add +1.9% | 0.33% | −0.03 |
| NVR NVR Inc. | Add +2.4% | 0.50% | −0.04 |
| BR Broadridge Financial Solutio | Add +5.6% | 0.25% | −0.08 |
| BUR Burford Capital Ltd. | Add +28.0% | 0.31% | −0.17 |
Notes & Other Activity Q4 2025 → Q1 2026
| ENERGY TRANSFER LP (ET 9.25 PERP I) | 9.250% FXD PFD I | New | 20,697 | $239K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |