Ramirez Asset Management, Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Ramirez Asset Management, Inc. reported 394 stock positions worth $491.3 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 5.0% of the portfolio, followed by KB Financial Group Inc.-ADR (KB, 2.8%) and Tencent Holdings Ltd.-Uns ADR (TCEHY, 2.2%). Compared with Q1 2024, it opened 19 new positions, sold out of 14, added to 46 and reduced 92. The biggest buy was Meituan - Unsp ADR (MPNGY, shares +74%) and the biggest sale SK Telecom Co. Ltd.-Spon ADR (SKM, shares −71%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001992110
- Portfolio Value
- $491.3M (Q2 2024)
- SEC Filing
- 0001992110-24-000006 ↗ filed Aug 14, 2024
Holdings Value
Holdings 394 stocks · $491.3M
| TSM Taiwan Semiconductor-SP ADR | 5.02% | 141,801 | $24.6M | Reduce -13.0% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 2.76% | 239,654 | $13.6M | Add +4.0% |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 2.23% | 230,005 | $11.0M | Add +7.7% |
| IBN Icici Bank Ltd.-Spon ADR | 2.18% | 372,277 | $10.7M | Reduce -5.3% |
| PDD PDD Holdings Inc. | 1.70% | 62,934 | $8.4M | Reduce -5.4% |
| SBLK Star Bulk Carriers Corp. | 1.66% | 333,651 | $8.1M | Reduce -4.9% |
| JBSAY JBS SA-Sponsored ADR | 1.60% | 674,260 | $7.9M | Reduce -5.3% |
| SFTBY Softbank Group Corp.-Unsp ADR filed as SFTBY | 1.59% | 241,272 | $7.8M | Add +35.5% |
| HDB HDFC Bank Ltd.-ADR | 1.53% | 117,229 | $7.5M | Reduce -4.8% |
| MSFT Microsoft Corp. | 1.53% | 16,853 | $7.5M | Add +0.0% |
| ASML ASML Holding NV-NY Reg SHS | 1.49% | 7,144 | $7.3M | Add +37.0% |
| ITUB Itau Unibanco H-Spon PRF ADR | 1.48% | 1,243,956 | $7.3M | Add +59.7% |
| NVDA Nvidia Corp. | 1.47% | 58,592 | $7.2M | Reduce -10.3% |
| SHG Shinhan Financial Group-ADR | 1.41% | 199,306 | $6.9M | Reduce -6.8% |
| MPNGY Meituan - Unsp ADR | 1.37% | 237,319 | $6.8M | Add +74.3% |
| GBOOY Grupo Fin Banorte-Spon ADR | 1.34% | 168,775 | $6.6M | Add +141.8% |
| AAPL Apple Inc. | 1.28% | 29,877 | $6.3M | No change |
| FTI Technipfmc PLC | 1.25% | 234,295 | $6.1M | Reduce -5.6% |
| BABA Alibaba Group Holding-SP ADR | 1.23% | 83,897 | $6.0M | Reduce -5.2% |
| DTEGY Deutsche Telekom AG-Spon ADR | 1.21% | 236,692 | $6.0M | Reduce -5.9% |
| EMBJ Embraer SA-Spon ADR | 1.17% | 223,292 | $5.8M | Reduce -5.8% |
| SMFG Sumitomo Mitsui-Spons ADR | 1.15% | 421,708 | $5.7M | Reduce -6.1% |
| SUZ Suzano SA - Spon ADR | 1.15% | 548,766 | $5.6M | Reduce -5.6% |
| SIMO Silicon Motion Technol-ADR | 1.12% | 67,856 | $5.5M | Reduce -5.1% |
| PBR Petroleo Brasileiro-Spon ADR | 1.05% | 355,472 | $5.2M | Reduce -4.6% |
| RNECY Renesas Electro-Unspon ADR | 1.03% | 541,132 | $5.1M | Reduce -5.7% |
| MU Micron Technology Inc. | 1.03% | 38,388 | $5.0M | Reduce -4.5% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 1.02% | 115,024 | $5.0M | Reduce -5.1% |
| BDORY Banco Do Brasil SA-Spon ADR | 0.99% | 1,017,307 | $4.9M | Add +122.8% |
| TRMD Torm PLC-A | 0.99% | 125,457 | $4.9M | Reduce -5.1% |
| RNMBY Rheinmetall AG-Unsp ADR | 0.98% | 47,008 | $4.8M | Add +50.4% |
| TTE Totalenergies SE -Spon ADR | 0.88% | 64,521 | $4.3M | Reduce -5.7% |
| BAESY Bae Systems PLC -Spon ADR | 0.86% | 63,049 | $4.2M | Reduce -4.4% |
| AXAHY AXA -Spons ADR filed as AXA ADR | 0.85% | 127,171 | $4.2M | Add +69.3% |
| FUJIY Fujifilm Holdings-Unsp ADR | 0.84% | 354,662 | $4.1M | Reduce -5.7% |
| TECK Teck Resources Ltd.-CLS B | 0.81% | 83,141 | $4.0M | Reduce -5.0% |
| AZN Astrazeneca PLC-Spons ADR | 0.81% | 50,953 | $4.0M | Reduce -3.8% |
| VIST Vista Energy Sab DE CV | 0.79% | 84,852 | $3.9M | Add +8.1% |
| ENGIY Engie-Spon ADR | 0.77% | 263,915 | $3.8M | Reduce -5.2% |
| VEOEY Veolia Environnement-ADR | 0.76% | 250,383 | $3.7M | Reduce -5.7% |
| HTHIY Hitachi Ltd. -ADR | 0.75% | 81,398 | $3.7M | Add +362.2% |
| AMZN Amazon.com Inc. | 0.74% | 18,940 | $3.7M | Add +0.0% |
| GOOG Alphabet Inc. Class C | 0.73% | 19,576 | $3.6M | No change |
| UNCRY Unicredit SPA-ADR | 0.71% | 188,655 | $3.5M | Reduce -5.9% |
| SSLZY Santos Ltd.-Sponsored ADR filed as SANTON LTD SPONSORED ADR | 0.71% | 679,235 | $3.5M | Reduce -6.5% |
| FCX Freeport-McMoran Inc. | 0.69% | 70,110 | $3.4M | Reduce -5.5% |
| IFNNY Infineon Technologies-ADR | 0.69% | 92,511 | $3.4M | Reduce -7.2% |
| LIN Linde PLC | 0.69% | 7,730 | $3.4M | Reduce -6.2% |
| WCN Waste Connections Inc. | 0.69% | 19,281 | $3.4M | Reduce -6.3% |
| GOOGL Alphabet Inc. Class A | 0.68% | 18,356 | $3.3M | No change |
| META Meta Platforms Inc. Class A | 0.67% | 6,570 | $3.3M | Add +0.7% |
| ASX Ase Technology Holding -ADR | 0.66% | 283,068 | $3.2M | Reduce -4.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.66% | 22,608 | $3.2M | Reduce -4.3% |
| BIDU Baidu Inc. - Spon ADR | 0.65% | 37,038 | $3.2M | Reduce -7.2% |
| FRO Frontline PLC | 0.65% | 123,869 | $3.2M | Reduce -6.3% |
| DQJCY Pan Pacific Intern-Unsp ADR | 0.64% | 134,098 | $3.1M | Reduce -6.1% |
| SDZNY Sandoz Group AG-ADR | 0.64% | 86,411 | $3.1M | Reduce -7.0% |
| SCBFY Standard Chartered- Unsp ADR | 0.64% | 172,655 | $3.1M | Reduce -4.9% |
| JPM JPMorgan Chase & Co. | 0.62% | 15,127 | $3.1M | No change |
| EADSY Airbus SE - Unsp ADR | 0.52% | 74,799 | $2.6M | Reduce -3.6% |
| IWF iShares Russell 1000 Growth | 0.52% | 7,050 | $2.6M | No change |
| LVMUY LVMH Moet Hennessy-Unsp ADR | 0.51% | 16,243 | $2.5M | Reduce -5.9% |
| V Visa Inc. Class A | 0.49% | 9,195 | $2.4M | No change |
| ESAIY Eisai Co. Ltd. | 0.48% | 230,289 | $2.4M | Reduce -5.8% |
| ABBV Abbvie Inc. | 0.48% | 13,734 | $2.4M | Add +14.2% |
| SNPS Synopsys Inc. | 0.47% | 3,864 | $2.3M | No change |
| SGBLY Standard Bank Group-Spon ADR | 0.46% | 195,052 | $2.3M | Reduce -4.1% |
| MARUY Marubeni Corp.-Unspons ADR | 0.46% | 12,109 | $2.2M | Reduce -4.0% |
| LNSTY London Stock Exchg-Unsp ADR | 0.45% | 75,034 | $2.2M | Reduce -6.3% |
| STLA Stellantis NV | 0.45% | 111,546 | $2.2M | Reduce -5.2% |
| MRK Merck & Co. Inc. | 0.45% | 17,768 | $2.2M | No change |
| DSNKY Daiichi Sankyo Co.-Spon ADR | 0.44% | 62,784 | $2.2M | Reduce -7.2% |
| ASMVY Asmpt Ltd.-Unsp ADR filed as ASM PACIFI | 0.43% | 51,050 | $2.1M | Reduce -4.1% |
| ING ING Groep N.V.-Sponsored ADR | 0.43% | 124,081 | $2.1M | Reduce -5.9% |
| CAT Caterpillar Inc. | 0.42% | 6,238 | $2.1M | Reduce -8.1% |
| AMAT Applied Materials Inc. | 0.42% | 8,766 | $2.1M | No change |
| KLAC KLA Corp. | 0.41% | 2,463 | $2.0M | Reduce -33.3% |
| KEP Korea Elec Power Corp.-SP ADR | 0.41% | 286,039 | $2.0M | Reduce -10.6% |
| SKM SK Telecom Co. Ltd.-Spon ADR | 0.41% | 96,239 | $2.0M | Reduce -71.1% |
| YMM Full Truck Alliance -SPN ADR | 0.38% | 234,959 | $1.9M | Reduce -4.8% |
| HOCPY Hoya Corp.-Sponsored ADR | 0.38% | 16,228 | $1.9M | Reduce -5.2% |
| UNH Unitedhealth Group Inc. | 0.37% | 3,559 | $1.8M | No change |
| LNT Alliant Energy Corp. | 0.37% | 35,408 | $1.8M | Add +46.8% |
| AMP Ameriprise Financial Inc. | 0.36% | 4,197 | $1.8M | No change |
| GD General Dynamics Corp. | 0.35% | 5,927 | $1.7M | No change |
| ADBE Adobe Inc. | 0.35% | 3,081 | $1.7M | Add +1.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 42,030 | $1.7M | No change |
| VCISY Vinci S.A.-Unspons ADR | 0.34% | 63,361 | $1.7M | Reduce -1.9% |
| CJPRY Central Japan Rai-Unspon ADR | 0.34% | 153,899 | $1.7M | Reduce -6.0% |
| MPC Marathon Petroleum Corp. | 0.34% | 9,544 | $1.7M | Reduce -0.3% |
| TCOM Trip.com Group Ltd.-ADR | 0.32% | 33,493 | $1.6M | Reduce -4.7% |
| CSL Carlisle Cos Inc. | 0.32% | 3,875 | $1.6M | No change |
| NDBKY Nedbank Group Ltd.-Spons ADR | 0.31% | 110,031 | $1.5M | New |
| CRM Salesforce Inc. | 0.31% | 5,986 | $1.5M | Add +1.6% |
| AZO AutoZone Inc. | 0.31% | 512 | $1.5M | Reduce -0.4% |
| STLD Steel Dynamics Inc. | 0.31% | 11,604 | $1.5M | No change |
| KT KT Corp.-SP ADR | 0.30% | 107,600 | $1.5M | Reduce -5.1% |
| BKNG Booking Holdings Inc. | 0.30% | 370 | $1.5M | No change |
| PH Parker Hannifin Corp. | 0.30% | 2,883 | $1.5M | No change |
| HON Honeywell International Inc. | 0.29% | 6,710 | $1.4M | Add +33.1% |
Portfolio Sells Q1 2024 → Q2 2024
| SKM SK Telecom Co. Ltd.-Spon ADR | Reduce -71.1% | 0.41% | −1.04 |
| BYDDY BYD Co. Ltd.-Unsponsored ADR | Reduce -99.8% | 0.00% | −0.91 |
| SZKMY Suzuki Motor Corp.-Uns ADR | Reduce -98.0% | 0.00% | −0.77 |
| PUK Prudential PLC-ADR | Reduce -99.7% | 0.00% | −0.74 |
| NSRGY Nestle SA-Spons ADR | Reduce -98.6% | 0.01% | −0.63 |
| CMBT CMB Tech NV | Reduce -99.5% | 0.00% | −0.57 |
| ESLT Elbit Systems Ltd. | Reduce -99.5% | 0.00% | −0.54 |
| GXYYY Galaxy Entertainmen-Unsp ADR | Reduce -99.7% | 0.00% | −0.40 |
| SUZ Suzano SA - Spon ADR | Reduce -5.6% | 1.15% | −0.35 |
| LNVGY Lenovo Group Ltd.-ADR | Reduce -99.9% | 0.00% | −0.34 |
| STLA Stellantis NV | Reduce -5.2% | 0.45% | −0.22 |
| EADSY Airbus SE - Unsp ADR | Reduce -3.6% | 0.52% | −0.20 |
| BIDU Baidu Inc. - Spon ADR | Reduce -7.2% | 0.65% | −0.20 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −0.19 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.18 |
| ENGIY Engie-Spon ADR | Reduce -5.2% | 0.77% | −0.17 |
| XEL Xcel Energy Inc. | Sold out | 0.00% | −0.17 |
| KEP Korea Elec Power Corp.-SP ADR | Reduce -10.6% | 0.41% | −0.12 |
| DQJCY Pan Pacific Intern-Unsp ADR | Reduce -6.1% | 0.64% | −0.12 |
| LVMUY LVMH Moet Hennessy-Unsp ADR | Reduce -5.9% | 0.51% | −0.12 |
| SHG Shinhan Financial Group-ADR | Reduce -6.8% | 1.41% | −0.12 |
| VEOEY Veolia Environnement-ADR | Reduce -5.7% | 0.76% | −0.11 |
| STT State Street Corp. | Reduce -74.0% | 0.04% | −0.11 |
| KLAC KLA Corp. | Reduce -33.3% | 0.41% | −0.11 |
| EMBJ Embraer SA-Spon ADR | Reduce -5.8% | 1.17% | −0.10 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.10 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -4.6% | 1.05% | −0.09 |
| AMT American Tower Corp. | Reduce -67.5% | 0.04% | −0.09 |
| LIN Linde PLC | Reduce -6.2% | 0.69% | −0.08 |
| CAT Caterpillar Inc. | Reduce -8.1% | 0.42% | −0.08 |
| VCISY Vinci S.A.-Unspons ADR | Reduce -1.9% | 0.34% | −0.08 |
| TTE Totalenergies SE -Spon ADR | Reduce -5.7% | 0.88% | −0.07 |
| CJPRY Central Japan Rai-Unspon ADR | Reduce -6.0% | 0.34% | −0.07 |
| BABA Alibaba Group Holding-SP ADR | Reduce -5.2% | 1.23% | −0.06 |
| UNCRY Unicredit SPA-ADR | Reduce -5.9% | 0.71% | −0.06 |
| MPC Marathon Petroleum Corp. | Reduce -0.3% | 0.34% | −0.05 |
| BAESY Bae Systems PLC -Spon ADR | Reduce -4.4% | 0.86% | −0.05 |
| HOCPY Hoya Corp.-Sponsored ADR | Reduce -5.2% | 0.38% | −0.05 |
| MS Morgan Stanley | Reduce -26.3% | 0.12% | −0.04 |
| SSLZY Santos Ltd.-Sponsored ADR | Reduce -6.5% | 0.71% | −0.03 |
| SBLK Star Bulk Carriers Corp. | Reduce -4.9% | 1.66% | −0.03 |
| DHI D.R. Horton Inc. | Reduce -0.7% | 0.19% | −0.03 |
| LNSTY London Stock Exchg-Unsp ADR | Reduce -6.3% | 0.45% | −0.03 |
| ANET Arista Networks Inc. | Reduce -36.8% | 0.10% | −0.03 |
| ABBNY Abb Ltd.-Spon ADR | Reduce -31.5% | 0.14% | −0.03 |
| ALFVY Alfa Laval AB-Unspon ADR | Reduce -31.7% | 0.09% | −0.03 |
| ESAIY Eisai Co. Ltd. | Reduce -5.8% | 0.48% | −0.03 |
| AMD Advanced Micro Devices | Reduce -0.6% | 0.24% | −0.03 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −0.03 |
| PBD Invesco Global Clean Energy | Reduce -32.9% | 0.05% | −0.03 |
Portfolio Buys Q1 2024 → Q2 2024
| MPNGY Meituan - Unsp ADR | Add +74.3% | 1.37% | +0.70 |
| GBOOY Grupo Fin Banorte-Spon ADR | Add +141.8% | 1.34% | +0.59 |
| TCEHY Tencent Holdings Ltd.-Uns ADR | Add +7.7% | 2.23% | +0.56 |
| SFTBY Softbank Group Corp.-Unsp ADR | Add +35.5% | 1.59% | +0.52 |
| BDORY Banco Do Brasil SA-Spon ADR | Add +122.8% | 0.99% | +0.47 |
| ASML ASML Holding NV-NY Reg SHS | Add +37.0% | 1.49% | +0.47 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +59.7% | 1.48% | +0.39 |
| KB KB Financial Group Inc.-ADR | Add +4.0% | 2.76% | +0.34 |
| NDBKY Nedbank Group Ltd.-Spons ADR | New | 0.31% | +0.31 |
| WF Woori Financial-Spon ADR | New | 0.28% | +0.28 |
| AXAHY AXA -Spons ADR | Add +69.3% | 0.85% | +0.28 |
| RNMBY Rheinmetall AG-Unsp ADR | Add +50.4% | 0.98% | +0.27 |
| GLOB Globant SA | New | 0.25% | +0.25 |
| EDU New Oriental Educatio-SP ADR | New | 0.24% | +0.24 |
| ARCO Arcos Dorados Holdings Inc. Class A | New | 0.21% | +0.21 |
| MNSO Miniso Group Holding Ltd.-ADR | New | 0.21% | +0.21 |
| CX Cemex Sab-Spons ADR Part Cer | New | 0.20% | +0.20 |
| VIST Vista Energy Sab DE CV | Add +8.1% | 0.79% | +0.13 |
| LNT Alliant Energy Corp. | Add +46.8% | 0.37% | +0.12 |
| HTHIY Hitachi Ltd. -ADR | Add +362.2% | 0.75% | +0.11 |
| C Citigroup Inc. | New | 0.11% | +0.11 |
| MSFT Microsoft Corp. | Add +0.0% | 1.53% | +0.10 |
| SPGI S&P Global Inc. | Add +59.6% | 0.21% | +0.09 |
| HON Honeywell International Inc. | Add +33.1% | 0.29% | +0.08 |
| EEM iShares MSCI Emerging Market | Add +75.9% | 0.14% | +0.06 |
| AMZN Amazon.com Inc. | Add +0.0% | 0.74% | +0.06 |
| MSCI MSCI Inc. | New | 0.05% | +0.05 |
| ITT Itt Inc. | New | 0.04% | +0.04 |
| CW Curtiss-Wright Corp. | New | 0.04% | +0.04 |
| ADBE Adobe Inc. | Add +1.4% | 0.35% | +0.04 |
| FR First Industrial Realty TR | New | 0.04% | +0.04 |
| ABBV Abbvie Inc. | Add +14.2% | 0.48% | +0.04 |
| META Meta Platforms Inc. Class A | Add +0.7% | 0.67% | +0.04 |
| BSX Boston Scientific Corp. | Add +0.4% | 0.25% | +0.03 |
| HSY The Hershey Co. | Add +48.5% | 0.07% | +0.02 |
| DTE DTE Energy Company | Add +73.1% | 0.05% | +0.02 |
| CMS CMS Energy Corp. | Add +10.7% | 0.20% | +0.02 |
| STNG Scorpio Tankers Inc. | Add +1718.2% | 0.02% | +0.02 |
| COO The Cooper Cos Inc. | Add +86.2% | 0.04% | +0.01 |
| IFRA iShares US Infrastructure | New | 0.01% | +0.01 |
| UPS United Parcel Service Class B | New | 0.01% | +0.01 |
| DLR Digital Realty Trust Inc. | Add +22.6% | 0.03% | +0.01 |
| VSGX Vanguard ESG Intl Stock ETF | Add +5.9% | 0.12% | +0.01 |
| GEV GE Vernova Inc. | New | 0.01% | +0.01 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +1362.2% | 0.01% | +0.01 |
| P Everpure Inc. Class A | New | 0.01% | +0.01 |
| MMM 3M Co. | New | 0.01% | +0.01 |
| SCCO Southern Copper Corp. | Add +6.0% | 0.08% | +0.01 |
| AZEK The Azek Co. Inc. | New | 0.00% | +0.00 |
| IEMG iShares Core MSCI Emerging | Add +263.2% | 0.01% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 352 | $959.3M | TSM, JBS, KB, ENGIY, ITUB |
| Q1 2026 | 349 | $831.7M | TSM, JBS, KB, ITUB, ENGIY |
| Q4 2025 | 384 | $758.2M | TSM, KB, JBS, ITUB, ENGIY |
| Q3 2025 | 357 | $720.1M | TSM, KB, JBS, ITUB, GBOOY |
| Q2 2025 | 344 | $661.2M | TSM, KB, ITUB, GBOOY, ENGIY |
| Q1 2025 | 378 | $480.7M | TSM, TCEHY, KB, MPNGY, BABA |
| Q4 2024 | 384 | $495.6M | TSM, KB, TCEHY, MPNGY, IBN |
| Q3 2024 | 391 | $521.2M | TSM, KB, TCEHY, MPNGY, SBLK |
| Q2 2024 | 394 | $491.3M | TSM, KB, TCEHY, IBN, PDD |
| Q1 2024 | 389 | $495.8M | TSM, KB, IBN, SBLK, TCEHY |