Ramirez Asset Management, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Ramirez Asset Management, Inc. reported 391 stock positions worth $521.2 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 5.6% of the portfolio, followed by KB Financial Group Inc.-ADR (KB, 2.9%) and Tencent Holdings Ltd.-Uns ADR (TCEHY, 2.5%). Compared with Q2 2024, it opened 26 new positions, sold out of 30, added to 85 and reduced 76. The biggest buy was Southern Copper (SCCO, shares +1227%) and the biggest sale HDFC Bank Ltd.-ADR (HDB, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001992110
- Portfolio Value
- $521.2M (Q3 2024)
- SEC Filing
- 0001992110-24-000013 ↗ filed Nov 12, 2024
Holdings Value
Holdings 391 stocks · $521.2M
| TSM Taiwan Semiconductor-SP ADR | 5.62% | 168,766 | $29.3M | Add +19.0% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 2.86% | 241,691 | $14.9M | Add +0.8% |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 2.49% | 228,060 | $13.0M | Reduce -0.8% |
| MPNGY Meituan - Unsp ADR | 2.28% | 268,444 | $11.9M | Add +13.1% |
| SBLK Star Bulk Carriers Corp. | 2.13% | 469,688 | $11.1M | Add +40.8% |
| IBN Icici Bank Ltd.-Spon ADR | 2.13% | 372,151 | $11.1M | Reduce -0.0% |
| BABA Alibaba Group Holding-SP ADR | 1.67% | 82,104 | $8.7M | Reduce -2.1% |
| SHG Shinhan Financial Group-ADR | 1.62% | 199,184 | $8.4M | Reduce -0.1% |
| GBOOY Grupo Fin Banorte-Spon ADR | 1.62% | 235,738 | $8.4M | Add +39.7% |
| ITUB Itau Unibanco H-Spon PRF ADR | 1.62% | 1,266,942 | $8.4M | Add +1.9% |
| PDD PDD Holdings Inc. | 1.62% | 62,481 | $8.4M | Reduce -0.7% |
| SFTBY Softbank Group Corp.-Unsp ADR | 1.59% | 282,039 | $8.3M | Add +16.9% |
| JBSAY JBS SA-Sponsored ADR | 1.51% | 677,007 | $7.9M | Add +0.4% |
| MSFT Microsoft Corp. | 1.39% | 16,878 | $7.3M | Add +0.1% |
| AAPL Apple Inc. | 1.34% | 29,877 | $7.0M | No change |
| NVDA Nvidia Corp. | 1.33% | 57,064 | $6.9M | Reduce -2.6% |
| FTI Technipfmc PLC | 1.20% | 239,038 | $6.3M | Add +2.0% |
| RNMBY Rheinmetall AG-Unsp ADR | 1.18% | 56,404 | $6.1M | Add +20.0% |
| ASML ASML Holding NV-NY Reg SHS | 1.17% | 7,313 | $6.1M | Add +2.4% |
| EMBJ Embraer SA-Spon ADR | 1.16% | 170,409 | $6.0M | Reduce -23.7% |
| TECK Teck Resources Ltd.-CLS B | 1.13% | 113,208 | $5.9M | Add +36.2% |
| TRMD Torm PLC-A | 1.12% | 170,530 | $5.8M | Add +35.9% |
| MU Micron Technology Inc. | 1.06% | 53,135 | $5.5M | Add +38.4% |
| SMFG Sumitomo Mitsui-Spons ADR | 1.05% | 435,010 | $5.5M | Add +3.1% |
| SCCO Southern Copper Corp. | 1.02% | 46,058 | $5.3M | Add +1227.3% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 1.01% | 116,931 | $5.3M | Add +1.7% |
| PBR Petroleo Brasileiro-Spon ADR | 0.98% | 356,221 | $5.1M | Add +0.2% |
| BDORY Banco Do Brasil SA-Spon ADR | 0.98% | 1,023,149 | $5.1M | Add +0.6% |
| AXAHY AXA -Spons ADR | 0.97% | 130,577 | $5.0M | Add +2.7% |
| SIMO Silicon Motion Technol-ADR | 0.93% | 79,787 | $4.8M | Add +17.6% |
| ENGIY Engie-Spon ADR | 0.90% | 270,679 | $4.7M | Add +2.6% |
| DSCSY Disco Corp.-Unsponsored ADR | 0.90% | 178,554 | $4.7M | New |
| HTHIY Hitachi Ltd. -ADR | 0.90% | 88,431 | $4.7M | Reduce -78.3% |
| FUJIY Fujifilm Holdings-Unsp ADR | 0.89% | 361,017 | $4.7M | Add +1.8% |
| CX Cemex Sab-Spons ADR Part Cer | 0.88% | 752,199 | $4.6M | Add +383.2% |
| BAESY Bae Systems PLC -Spon ADR | 0.84% | 65,549 | $4.4M | Add +4.0% |
| UNCRY Unicredit SPA-ADR | 0.81% | 192,753 | $4.2M | Add +2.2% |
| VEOEY Veolia Environnement-ADR | 0.81% | 256,640 | $4.2M | Add +2.5% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.81% | 413,874 | $4.2M | New |
| AZN Astrazeneca PLC-Spons ADR | 0.78% | 52,085 | $4.1M | Add +2.2% |
| RNECY Renesas Electro-Unspon ADR | 0.78% | 558,127 | $4.1M | Add +3.1% |
| FRO Frontline PLC | 0.78% | 177,066 | $4.0M | Add +43.0% |
| LIN Linde PLC | 0.73% | 8,023 | $3.8M | Add +3.8% |
| VIST Vista Energy Sab DE CV | 0.71% | 83,905 | $3.7M | Reduce -1.1% |
| TCOM Trip.com Group Ltd.-ADR | 0.69% | 60,866 | $3.6M | Add +81.7% |
| SCBFY Standard Chartered- Unsp ADR | 0.69% | 169,713 | $3.6M | Reduce -1.7% |
| SDZNY Sandoz Group AG-ADR | 0.69% | 85,547 | $3.6M | Reduce -1.0% |
| DQJCY Pan Pacific Intern-Unsp ADR | 0.68% | 137,096 | $3.5M | Add +2.2% |
| AMZN Amazon.com Inc. | 0.68% | 18,940 | $3.5M | No change |
| META Meta Platforms Inc. Class A | 0.68% | 6,155 | $3.5M | Reduce -6.3% |
| FCX Freeport-McMoran Inc. | 0.66% | 69,038 | $3.4M | Reduce -1.5% |
| JPM JPMorgan Chase & Co. | 0.63% | 15,527 | $3.3M | Add +2.6% |
| GOOG Alphabet Inc. Class C | 0.59% | 18,274 | $3.1M | Reduce -6.7% |
| GOOGL Alphabet Inc. Class A | 0.58% | 18,356 | $3.0M | No change |
| DTEGY Deutsche Telekom AG-Spon ADR | 0.56% | 98,489 | $2.9M | Reduce -58.4% |
| EADSY Airbus SE - Unsp ADR | 0.54% | 76,786 | $2.8M | Add +2.7% |
| ABBV Abbvie Inc. | 0.53% | 13,934 | $2.8M | Add +1.5% |
| ASX Ase Technology Holding -ADR | 0.52% | 278,781 | $2.7M | Reduce -1.5% |
| SGBLY Standard Bank Group-Spon ADR | 0.52% | 192,003 | $2.7M | Reduce -1.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.52% | 22,650 | $2.7M | Add +0.2% |
| ASHTY Ashtead Group PLC-Unspon ADR | 0.52% | 8,652 | $2.7M | New |
| IWF iShares Russell 1000 Growth | 0.51% | 7,050 | $2.6M | No change |
| LNSTY London Stock Exchg-Unsp ADR | 0.51% | 76,921 | $2.6M | Add +2.5% |
| V Visa Inc. Class A | 0.49% | 9,255 | $2.5M | Add +0.7% |
| LVMUY LVMH Moet Hennessy-Unsp ADR | 0.48% | 16,395 | $2.5M | Add +0.9% |
| CAT Caterpillar Inc. | 0.47% | 6,238 | $2.4M | No change |
| HOCPY Hoya Corp.-Sponsored ADR | 0.46% | 17,421 | $2.4M | Add +7.3% |
| KEP Korea Elec Power Corp.-SP ADR | 0.45% | 301,197 | $2.3M | Add +5.3% |
| ING ING Groep N.V.-Sponsored ADR | 0.44% | 127,417 | $2.3M | Add +2.7% |
| DSNKY Daiichi Sankyo Co.-Spon ADR | 0.44% | 69,674 | $2.3M | Add +11.0% |
| MARUY Marubeni Corp.-Unspons ADR | 0.44% | 14,014 | $2.3M | Add +15.7% |
| SKM SK Telecom Co. Ltd.-Spon ADR | 0.44% | 95,670 | $2.3M | Reduce -0.6% |
| CSLLY CSL Ltd.-Sponsored ADR | 0.43% | 22,543 | $2.2M | New |
| LNT Alliant Energy Corp. | 0.41% | 35,408 | $2.1M | No change |
| BBVA Banco Bilbao Vizcaya-SP ADR | 0.40% | 194,420 | $2.1M | New |
| YMM Full Truck Alliance -SPN ADR | 0.40% | 231,722 | $2.1M | Reduce -1.4% |
| VCISY Vinci S.A.-Unspons ADR filed as VINCI ADR EACH REPR | 0.40% | 71,292 | $2.1M | Add +12.5% |
| UNH Unitedhealth Group Inc. | 0.40% | 3,559 | $2.1M | No change |
| AMP Ameriprise Financial Inc. | 0.38% | 4,197 | $2.0M | No change |
| GD General Dynamics Corp. | 0.37% | 6,377 | $1.9M | Add +7.6% |
| NDBKY Nedbank Group Ltd.-Spons ADR | 0.36% | 108,777 | $1.9M | Reduce -1.1% |
| KLAC KLA Corp. | 0.35% | 2,383 | $1.8M | Reduce -3.3% |
| MRK Merck & Co. Inc. | 0.35% | 15,866 | $1.8M | Reduce -10.7% |
| SNPS Synopsys Inc. | 0.34% | 3,539 | $1.8M | Reduce -8.4% |
| CSL Carlisle Cos Inc. | 0.33% | 3,875 | $1.7M | No change |
| ASMVY Asmpt Ltd.-Unsp ADR filed as ASM PACIFIC TECHNOL UNSP ADR | 0.33% | 46,676 | $1.7M | Reduce -8.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 42,030 | $1.7M | No change |
| CRM Salesforce Inc. | 0.31% | 5,986 | $1.6M | No change |
| PH Parker Hannifin Corp. | 0.31% | 2,590 | $1.6M | Reduce -10.2% |
| KT KT Corp.-SP ADR | 0.31% | 106,177 | $1.6M | Reduce -1.3% |
| ETN Eaton Corp. PLC | 0.31% | 4,894 | $1.6M | Add +12.7% |
| AZO AutoZone Inc. | 0.31% | 512 | $1.6M | No change |
| STLA Stellantis NV | 0.31% | 113,840 | $1.6M | Add +2.1% |
| ADBE Adobe Inc. | 0.31% | 3,081 | $1.6M | No change |
| BKNG Booking Holdings Inc. | 0.30% | 370 | $1.6M | No change |
| AMAT Applied Materials Inc. | 0.30% | 7,704 | $1.6M | Reduce -12.1% |
| MPC Marathon Petroleum Corp. | 0.30% | 9,531 | $1.6M | Reduce -0.1% |
| WF Woori Financial-Spon ADR | 0.29% | 42,313 | $1.5M | Reduce -1.0% |
| AVB Avalonbay Communities Inc. | 0.29% | 6,665 | $1.5M | Add +0.3% |
| STLD Steel Dynamics Inc. | 0.28% | 11,604 | $1.5M | No change |
Portfolio Sells Q2 2024 → Q3 2024
| HDB HDFC Bank Ltd.-ADR | Reduce -99.6% | 0.01% | −1.53 |
| SUZ Suzano SA - Spon ADR | Reduce -99.5% | 0.00% | −1.14 |
| TTE Totalenergies SE -Spon ADR | Reduce -99.6% | 0.00% | −0.87 |
| SSLZY Santos Ltd.-Sponsored ADR | Reduce -99.6% | 0.00% | −0.70 |
| IFNNY Infineon Technologies-ADR | Reduce -99.6% | 0.00% | −0.69 |
| WCN Waste Connections Inc. | Reduce -99.6% | 0.00% | −0.69 |
| DTEGY Deutsche Telekom AG-Spon ADR | Reduce -58.4% | 0.56% | −0.66 |
| BIDU Baidu Inc. - Spon ADR | Reduce -99.8% | 0.00% | −0.65 |
| ESAIY Eisai Co. Ltd. | Reduce -99.6% | 0.00% | −0.48 |
| CJPRY Central Japan Rai-Unspon ADR | Reduce -99.6% | 0.00% | −0.34 |
| MNSO Miniso Group Holding Ltd.-ADR | Sold out | 0.00% | −0.21 |
| GOOG Alphabet Inc. Class C | Reduce -6.7% | 0.59% | −0.14 |
| NVDA Nvidia Corp. | Reduce -2.6% | 1.33% | −0.14 |
| ABBNY Abb Ltd.-Spon ADR | Sold out | 0.00% | −0.14 |
| ASX Ase Technology Holding -ADR | Reduce -1.5% | 0.52% | −0.14 |
| SNPS Synopsys Inc. | Reduce -8.4% | 0.34% | −0.12 |
| NKE Nike Inc. Class B | Reduce -86.8% | 0.02% | −0.12 |
| AMAT Applied Materials Inc. | Reduce -12.1% | 0.30% | −0.12 |
| OMVKY Omv AG-Bearer SHRS ADR | Sold out | 0.00% | −0.12 |
| ASMVY Asmpt Ltd.-Unsp ADR | Reduce -8.6% | 0.33% | −0.11 |
| MRK Merck & Co. Inc. | Reduce -10.7% | 0.35% | −0.10 |
| ALFVY Alfa Laval AB-Unspon ADR | Sold out | 0.00% | −0.09 |
| PDD PDD Holdings Inc. | Reduce -0.7% | 1.62% | −0.09 |
| VIST Vista Energy Sab DE CV | Reduce -1.1% | 0.71% | −0.07 |
| GRFS Grifols SA-ADR | Sold out | 0.00% | −0.07 |
| RSG Republic Services Inc. | Sold out | 0.00% | −0.06 |
| KLAC KLA Corp. | Reduce -3.3% | 0.35% | −0.06 |
| CHD Church & Dwight Co. Inc. | Reduce -20.4% | 0.17% | −0.05 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -0.0% | 2.13% | −0.05 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.05 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.05 |
| PEP Pepsico Inc. | Reduce -15.4% | 0.22% | −0.05 |
| PBD Invesco Global Clean Energy | Sold out | 0.00% | −0.05 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.04 |
| F Ford Motor Co. | Sold out | 0.00% | −0.04 |
| IEV iShares Europe ETF | Sold out | 0.00% | −0.04 |
| MPC Marathon Petroleum Corp. | Reduce -0.1% | 0.30% | −0.04 |
| CDNS Cadence Design SYS Inc. | Reduce -17.4% | 0.07% | −0.03 |
| FCX Freeport-McMoran Inc. | Reduce -1.5% | 0.66% | −0.03 |
| EEM iShares MSCI Emerging Market | Reduce -21.4% | 0.11% | −0.03 |
| EDU New Oriental Educatio-SP ADR | Reduce -3.0% | 0.21% | −0.03 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.02 |
| ANET Arista Networks Inc. | Reduce -20.6% | 0.08% | −0.02 |
| NTRA Natera Inc. | Reduce -66.7% | 0.01% | −0.02 |
| EMBJ Embraer SA-Spon ADR | Reduce -23.7% | 1.16% | −0.02 |
| TT Trane Technologies PLC | Reduce -26.1% | 0.07% | −0.02 |
| IPAC iShares Core MSCI Pacific Et | Sold out | 0.00% | −0.01 |
| RXO Rxo Inc. | Sold out | 0.00% | −0.01 |
| CICHY China Construct-Unspon ADR | Reduce -1.2% | 0.25% | −0.01 |
| BNTX Biontech SE-ADR | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| SCCO Southern Copper Corp. | Add +1227.3% | 1.02% | +0.94 |
| MPNGY Meituan - Unsp ADR | Add +13.1% | 2.28% | +0.91 |
| DSCSY Disco Corp.-Unsponsored ADR | New | 0.90% | +0.90 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | New | 0.81% | +0.81 |
| CX Cemex Sab-Spons ADR Part Cer | Add +383.2% | 0.88% | +0.68 |
| TSM Taiwan Semiconductor-SP ADR | Add +19.0% | 5.62% | +0.61 |
| ASHTY Ashtead Group PLC-Unspon ADR | New | 0.52% | +0.52 |
| SBLK Star Bulk Carriers Corp. | Add +40.8% | 2.13% | +0.48 |
| CSLLY CSL Ltd.-Sponsored ADR | New | 0.43% | +0.43 |
| BBVA Banco Bilbao Vizcaya-SP ADR | New | 0.40% | +0.40 |
| TCOM Trip.com Group Ltd.-ADR | Add +81.7% | 0.69% | +0.37 |
| TECK Teck Resources Ltd.-CLS B | Add +36.2% | 1.13% | +0.32 |
| GBOOY Grupo Fin Banorte-Spon ADR | Add +39.7% | 1.62% | +0.28 |
| KOF Coca-Cola Femsa Sab-SP ADR | New | 0.26% | +0.26 |
| FMX Fomento Economico Mex-SP ADR | New | 0.24% | +0.24 |
| RNMBY Rheinmetall AG-Unsp ADR | Add +20.0% | 1.18% | +0.20 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +1.9% | 1.62% | +0.14 |
| ENGIY Engie-Spon ADR | Add +2.6% | 0.90% | +0.13 |
| TRMD Torm PLC-A | Add +35.9% | 1.12% | +0.13 |
| FRO Frontline PLC | Add +43.0% | 0.78% | +0.13 |
| AXAHY AXA -Spons ADR | Add +2.7% | 0.97% | +0.12 |
| KB KB Financial Group Inc.-ADR | Add +0.8% | 2.86% | +0.10 |
| UNCRY Unicredit SPA-ADR | Add +2.2% | 0.81% | +0.10 |
| HOCPY Hoya Corp.-Sponsored ADR | Add +7.3% | 0.46% | +0.08 |
| BNY Bank of New York Mellon Corp. | New | 0.08% | +0.08 |
| CACI Caci International Inc. Class A | New | 0.06% | +0.06 |
| VCISY Vinci S.A.-Unspons ADR | Add +12.5% | 0.40% | +0.06 |
| VSGX Vanguard ESG Intl Stock ETF | Add +42.0% | 0.17% | +0.05 |
| LNSTY London Stock Exchg-Unsp ADR | Add +2.5% | 0.51% | +0.05 |
| FUJIY Fujifilm Holdings-Unsp ADR | Add +1.8% | 0.89% | +0.05 |
| VEOEY Veolia Environnement-ADR | Add +2.5% | 0.81% | +0.05 |
| ABBV Abbvie Inc. | Add +1.5% | 0.53% | +0.05 |
| CEG Constellation Energy | Add +133.3% | 0.07% | +0.05 |
| LIN Linde PLC | Add +3.8% | 0.73% | +0.04 |
| CMS CMS Energy Corp. | Add +7.8% | 0.24% | +0.04 |
| DQJCY Pan Pacific Intern-Unsp ADR | Add +2.2% | 0.68% | +0.04 |
| KEP Korea Elec Power Corp.-SP ADR | Add +5.3% | 0.45% | +0.04 |
| ETN Eaton Corp. PLC | Add +12.7% | 0.31% | +0.03 |
| DTE DTE Energy Company | Add +59.4% | 0.08% | +0.03 |
| IBKR Interactive Brokers Gro Class A | New | 0.03% | +0.03 |
| VST Vistra Corp. | New | 0.03% | +0.03 |
| MU Micron Technology Inc. | Add +38.4% | 1.06% | +0.03 |
| SMH Vaneck Semiconductor ETF | New | 0.03% | +0.03 |
| SHW The Sherwin-Williams Co. | Add +2.4% | 0.14% | +0.03 |
| GLOB Globant SA | Add +5.4% | 0.27% | +0.03 |
| MSI Motorola Solutions Inc. | Add +0.8% | 0.26% | +0.03 |
| FR First Industrial Realty TR | Add +44.7% | 0.06% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.02% | +0.02 |
| STT State Street Corp. | Add +38.5% | 0.06% | +0.02 |
| A Agilent Technologies Inc. | Add +26.8% | 0.08% | +0.02 |
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 |