Ramirez Asset Management, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Ramirez Asset Management, Inc. reported 349 stock positions worth $831.7 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 6.2% of the portfolio, followed by JBS NV-A (JBS, 3.6%) and KB Financial Group Inc.-ADR (KB, 2.9%). Compared with Q4 2025, it opened 12 new positions, sold out of 47, added to 86 and reduced 137. The biggest buy was JBS NV-A (JBS, shares +30%) and the biggest sale Mitsubishi Ufj Finl-Spon ADR (MUFG, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001992110
- Portfolio Value
- $831.7M (Q1 2026)
- SEC Filing
- 0001992110-26-000005 ↗ filed May 12, 2026
Holdings Value
Holdings 349 stocks · $831.7M
| TSM Taiwan Semiconductor-SP ADR | 6.21% | 146,661 | $51.7M | Add +10.2% |
| JBS JBS NV-A | 3.56% | 1,673,913 | $29.6M | Add +29.5% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 2.89% | 236,513 | $24.0M | Add +7.5% |
| ITUB Itau Unibanco H-Spon PRF ADR | 2.38% | 2,355,376 | $19.8M | Add +5.9% |
| ENGIY Engie-Spon ADR | 2.37% | 615,291 | $19.7M | Add +14.1% |
| CCJ Cameco Corp. | 1.88% | 142,851 | $15.6M | Add +15.5% |
| GBOOY Grupo Fin Banorte-Spon ADR | 1.84% | 277,976 | $15.3M | Reduce -3.0% |
| SHG Shinhan Financial Group-ADR | 1.83% | 241,867 | $15.2M | Add +8.6% |
| KOF Coca-Cola Femsa Sab-SP ADR | 1.77% | 149,595 | $14.7M | Add +9.8% |
| CX Cemex Sab-Spons ADR Part Cer | 1.56% | 1,116,758 | $13.0M | Add +9.8% |
| AXAHY AXA -Spons ADR filed as AXA SA | 1.55% | 285,076 | $12.9M | Add +62.0% |
| SW Smurfit Westrock PLC | 1.51% | 315,203 | $12.5M | Add +71.2% |
| MARUY Marubeni Corp.-Unspons ADR | 1.39% | 32,532 | $11.5M | Reduce -25.1% |
| LIN Linde PLC | 1.39% | 23,230 | $11.5M | Add +94.1% |
| DTEGY Deutsche Telekom AG-Spon ADR | 1.37% | 312,223 | $11.4M | Add +19.5% |
| TLK Telkom Indonesia Persero-ADR filed as TELEKOMUNIKASI IND | 1.34% | 603,767 | $11.2M | Add +10.7% |
| ASX Ase Technology Holding -ADR | 1.29% | 447,333 | $10.7M | Add +2.0% |
| TCEHY Tencent Holdings Ltd.-Uns ADR | 1.24% | 167,713 | $10.3M | Add +17.0% |
| RNMBY Rheinmetall AG-Unsp ADR | 1.22% | 30,667 | $10.2M | Add +17.1% |
| MFG Mizuho Financial Group-ADR | 1.22% | 1,267,938 | $10.1M | Add +12.8% |
| SUZ Suzano SA - Spon ADR | 1.08% | 924,318 | $9.0M | Add +8.7% |
| GRAB Grab Holdings Ltd. Class A | 1.07% | 2,424,354 | $8.9M | Add +295.8% |
| SCBFY Standard Chartered- Unsp ADR | 1.06% | 212,220 | $8.8M | Add +12.7% |
| VEOEY Veolia Environnement-ADR | 1.06% | 465,524 | $8.8M | Add +11.4% |
| CPNG Coupang Inc. | 1.05% | 459,096 | $8.7M | Add +91.2% |
| SDZNY Sandoz Group AG-ADR | 1.01% | 109,038 | $8.4M | Add +12.3% |
| RACE Ferrari NV | 1.00% | 24,611 | $8.3M | New |
| VCISY Vinci S.A.-Unspons ADR | 0.99% | 223,591 | $8.3M | Add +6.0% |
| NVDA Nvidia Corp. | 0.97% | 46,032 | $8.0M | Reduce -6.6% |
| SMFG Sumitomo Mitsui-Spons ADR | 0.96% | 402,811 | $8.0M | Reduce -43.3% |
| EMBJ Embraer SA-Spon ADR | 0.95% | 130,296 | $7.9M | Add +1.7% |
| SPOT Spotify Technology SA | 0.93% | 16,021 | $7.7M | New |
| SE Sea Ltd.-ADR | 0.93% | 92,615 | $7.7M | Add +231.9% |
| VIV Telefonica Brasil-ADR | 0.90% | 471,812 | $7.5M | Add +4.6% |
| SSEZY Sse PLC-SPN ADR | 0.87% | 211,640 | $7.3M | Add +4.0% |
| CAT Caterpillar Inc. | 0.86% | 10,110 | $7.2M | Add +2.6% |
| ISNPY Intesa Sanpaolo-Spon ADR | 0.85% | 196,915 | $7.1M | Add +13.3% |
| PCRHY Panasonic Holdings Corp. | 0.85% | 429,319 | $7.1M | Add +13.6% |
| SONY Sony Group Corp. - SP ADR | 0.84% | 339,615 | $7.0M | New |
| AU Anglogold Ashanti PLC | 0.83% | 71,852 | $6.9M | Add +1.8% |
| AVGO Broadcom Inc. | 0.82% | 22,070 | $6.8M | Reduce -3.1% |
| SBGSY Schneider Elect SE-Unsp ADR | 0.80% | 125,327 | $6.7M | Reduce -0.8% |
| JPM JPMorgan Chase & Co. | 0.80% | 22,693 | $6.7M | Reduce -4.5% |
| LSEGY London Stock Ex Grp ADR Spon | 0.80% | 227,025 | $6.7M | Add +23.1% |
| HTHIY Hitachi Ltd. -ADR | 0.76% | 223,324 | $6.3M | Add +0.6% |
| NGG National Grid PLC-SP ADR | 0.76% | 74,169 | $6.3M | Add +13.1% |
| NSRGY Nestle SA-Spons ADR | 0.75% | 64,016 | $6.3M | Add +10.3% |
| SAP Sap SE-Sponsored ADR | 0.73% | 35,669 | $6.1M | Add +7826.4% |
| MSFT Microsoft Corp. | 0.73% | 16,382 | $6.1M | Reduce -2.1% |
| MIELY Mitsubishi Electric-Unsp ADR | 0.71% | 92,638 | $5.9M | Add +12.4% |
| CLLNY Cellnex Telecom Sau-Unsp ADR | 0.68% | 351,104 | $5.6M | Add +22.2% |
| AAPL Apple Inc. | 0.68% | 22,148 | $5.6M | Reduce -6.8% |
| AZN Astrazeneca PLC | 0.65% | 27,509 | $5.4M | Add +11.7% |
| ABBV Abbvie Inc. | 0.63% | 23,926 | $5.2M | Add +1.6% |
| SIMO Silicon Motion Technol-ADR | 0.61% | 32,384 | $5.1M | Add +2.5% |
| AXIAY Axia Energia-ADR filed as CENTRAIS ELET BRAS SA | 0.59% | 422,137 | $4.9M | Add +5.3% |
| NDBKY Nedbank Group Ltd.-Spons ADR | 0.59% | 315,551 | $4.9M | Reduce -15.8% |
| RBGLY Reckitt Benckiser-Spon ADR | 0.58% | 362,813 | $4.9M | Add +13.1% |
| GOOGL Alphabet Inc. Class A | 0.58% | 16,869 | $4.9M | Reduce -3.4% |
| PSX Phillips 66 | 0.57% | 26,202 | $4.8M | Add +4.8% |
| KGS Kodiak Gas Services Inc. | 0.56% | 79,505 | $4.6M | Reduce -8.6% |
| ETN Eaton Corp. PLC | 0.56% | 12,920 | $4.6M | Add +0.7% |
| EONGY E.on SE -Sponsored ADR | 0.55% | 209,847 | $4.6M | Add +16.9% |
| AER Aercap Holdings NV | 0.55% | 32,999 | $4.5M | Add +4.3% |
| KEP Korea Elec Power Corp.-SP ADR | 0.54% | 308,754 | $4.5M | Add +19.7% |
| CP Canadian Pacific Kansas City | 0.54% | 56,981 | $4.5M | Reduce -0.7% |
| GD General Dynamics Corp. | 0.54% | 12,990 | $4.5M | Add +1.9% |
| BMA Banco Macro SA-ADR | 0.53% | 58,029 | $4.4M | Add +2.3% |
| FUJIY Fujifilm Holdings-Unsp ADR | 0.53% | 468,549 | $4.4M | Add +12.8% |
| PKX Posco Holdings Inc. -Spon ADR | 0.52% | 65,719 | $4.3M | Add +11.3% |
| LNT Alliant Energy Corp. | 0.50% | 57,399 | $4.1M | Add +2.5% |
| MS Morgan Stanley | 0.49% | 24,732 | $4.1M | Add +3.7% |
| AMZN Amazon.com Inc. | 0.48% | 19,015 | $4.0M | Reduce -3.0% |
| WEGZY Weg SA- SPN ADR filed as WEG SA ADR | 0.47% | 411,655 | $3.9M | Add +3.1% |
| PR Permian Resources Corp. Class A | 0.47% | 182,300 | $3.9M | Add +2.7% |
| KT KT Corp.-SP ADR | 0.45% | 175,271 | $3.8M | Add +3.4% |
| CICHY China Construct-Unspon ADR | 0.44% | 166,226 | $3.6M | Add +4.6% |
| GGAL Grupo Financiero Galicia-ADR | 0.43% | 80,887 | $3.6M | Add +5.5% |
| C Citigroup Inc. | 0.42% | 30,921 | $3.5M | Add +5.1% |
| ACGBY Agricultural Bank-Unspon ADR | 0.42% | 189,477 | $3.5M | Add +4.7% |
| HOCPY Hoya Corp.-Sponsored ADR | 0.42% | 20,707 | $3.5M | Add +12.5% |
| SGBLY Standard Bank Group-Spon ADR | 0.41% | 191,083 | $3.4M | Reduce -35.1% |
| XIACY Xiaomi Corp. - Unsp ADR | 0.40% | 172,327 | $3.3M | Add +40.4% |
| FMX Fomento Economico Mex-SP ADR | 0.38% | 27,939 | $3.2M | Add +7.8% |
| HIG Hartford Insurance Group Inc. | 0.38% | 23,184 | $3.1M | Add +2.9% |
| CSCO Cisco Systems Inc. | 0.38% | 40,359 | $3.1M | Add +5.5% |
| META Meta Platforms Inc. Class A | 0.37% | 5,433 | $3.1M | Reduce -3.6% |
| IWF iShares Russell 1000 Growth | 0.36% | 7,050 | $3.0M | No change |
| NNGRY NN Group NV - Unspon ADR | 0.36% | 77,376 | $3.0M | Add +4.7% |
| ESLOY Essilorluxot-Unspon ADR | 0.34% | 24,876 | $2.8M | Add +13.6% |
| GFI Gold Fields Ltd.-Spons ADR | 0.32% | 59,868 | $2.6M | Add +4.1% |
| GOOG Alphabet Inc. Class C | 0.29% | 8,385 | $2.4M | Reduce -9.9% |
| OKE Oneok Inc. | 0.29% | 26,254 | $2.4M | Add +4.0% |
| ABT Abbott Laboratories | 0.28% | 22,824 | $2.3M | Add +2.3% |
| DSNKY Daiichi Sankyo Co.-Spon ADR | 0.28% | 134,098 | $2.3M | Add +19.7% |
| MPC Marathon Petroleum Corp. | 0.28% | 9,482 | $2.3M | Reduce -0.5% |
| STLA Stellantis NV | 0.27% | 313,332 | $2.2M | Add +11.3% |
| WHGLY WH Group Ltd. - Spon ADR | 0.26% | 86,429 | $2.2M | Add +5.2% |
| BLX Bladex Inc. filed as Banco Latinoamericano de Comercio Exterior SA | 0.26% | 42,166 | $2.2M | Add +5.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.26% | 44,095 | $2.1M | Reduce -0.4% |
Portfolio Sells Q4 2025 → Q1 2026
| MUFG Mitsubishi Ufj Finl-Spon ADR | Reduce -99.8% | 0.00% | −0.99 |
| BAESY Bae Systems PLC -Spon ADR | Reduce -99.8% | 0.00% | −0.86 |
| SMFG Sumitomo Mitsui-Spons ADR | Reduce -43.3% | 0.96% | −0.85 |
| DSCSY Disco Corp.-Unsponsored ADR | Reduce -99.9% | 0.00% | −0.83 |
| EADSY Airbus SE - Unsp ADR | Reduce -99.9% | 0.00% | −0.64 |
| RNECY Renesas Electro-Unspon ADR | Reduce -99.9% | 0.00% | −0.56 |
| SCCO Southern Copper Corp. | Reduce -99.3% | 0.00% | −0.51 |
| SFTBY Softbank Group Corp.-Unsp ADR | Reduce -100.0% | 0.00% | −0.44 |
| ASHGY Ashtead Group PLC Spon ADR | Sold out | 0.00% | −0.35 |
| MSFT Microsoft Corp. | Reduce -2.1% | 0.73% | −0.34 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -36.9% | 0.22% | −0.33 |
| SGBLY Standard Bank Group-Spon ADR | Reduce -35.1% | 0.41% | −0.27 |
| NVDA Nvidia Corp. | Reduce -6.6% | 0.97% | −0.25 |
| DIDIY Didi Global Inc. | Reduce -37.8% | 0.19% | −0.23 |
| AVGO Broadcom Inc. | Reduce -3.1% | 0.82% | −0.22 |
| JPM JPMorgan Chase & Co. | Reduce -4.5% | 0.80% | −0.21 |
| MARUY Marubeni Corp.-Unspons ADR | Reduce -25.1% | 1.39% | −0.21 |
| NDBKY Nedbank Group Ltd.-Spons ADR | Reduce -15.8% | 0.59% | −0.20 |
| TME Tencent Music Entertainm-ADR | Reduce -40.6% | 0.07% | −0.18 |
| AAPL Apple Inc. | Reduce -6.8% | 0.68% | −0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -3.4% | 0.58% | −0.14 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -31.2% | 0.23% | −0.13 |
| AMP Ameriprise Financial Inc. | Reduce -67.0% | 0.05% | −0.13 |
| EQIX Equinix Inc. | Reduce -99.6% | 0.00% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -3.0% | 0.48% | −0.12 |
| META Meta Platforms Inc. Class A | Reduce -3.6% | 0.37% | −0.12 |
| SBGSY Schneider Elect SE-Unsp ADR | Reduce -0.8% | 0.80% | −0.12 |
| GOOG Alphabet Inc. Class C | Reduce -9.9% | 0.29% | −0.10 |
| V Visa Inc. Class A | Reduce -8.0% | 0.22% | −0.08 |
| BKNG Booking Holdings Inc. | Reduce -0.5% | 0.19% | −0.08 |
| AXP American Express Co. | Reduce -0.5% | 0.19% | −0.07 |
| BAC Bank of America Corp. | Reduce -0.4% | 0.26% | −0.06 |
| EEM iShares MSCI Emerging Market | Reduce -19.2% | 0.21% | −0.06 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.7% | 0.18% | −0.06 |
| PH Parker Hannifin Corp. | Reduce -12.5% | 0.24% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -5.4% | 0.16% | −0.06 |
| BSX Boston Scientific Corp. | Reduce -7.1% | 0.07% | −0.05 |
| ADBE Adobe Inc. | Reduce -0.5% | 0.09% | −0.05 |
| KLAC KLA Corp. | Reduce -24.9% | 0.23% | −0.05 |
| NDAQ Nasdaq Inc. | Reduce -4.6% | 0.15% | −0.05 |
| SNPS Synopsys Inc. | Reduce -3.8% | 0.13% | −0.05 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -27.4% | 0.08% | −0.04 |
| AXICY Axia Energia-ADR Pref C | Reduce -98.1% | 0.00% | −0.04 |
| HOOD Robinhood Markets Inc. Class A | Reduce -81.7% | 0.00% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -88.9% | 0.00% | −0.04 |
| ORCL Oracle Corp. | Reduce -0.4% | 0.07% | −0.03 |
| AMAT Applied Materials Inc. | Reduce -30.5% | 0.16% | −0.03 |
| SYK Stryker Corp. | Reduce -0.6% | 0.14% | −0.03 |
| ICE Intercontinental Exchange Inc. | Reduce -8.9% | 0.10% | −0.02 |
| AMD Advanced Micro Devices | Reduce -0.5% | 0.15% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| JBS JBS NV-A | Add +29.5% | 3.56% | +1.10 |
| RACE Ferrari NV | New | 1.00% | +1.00 |
| SPOT Spotify Technology SA | New | 0.93% | +0.93 |
| TSM Taiwan Semiconductor-SP ADR | Add +10.2% | 6.21% | +0.88 |
| SONY Sony Group Corp. - SP ADR | New | 0.84% | +0.84 |
| SAP Sap SE-Sponsored ADR | Add +7826.4% | 0.73% | +0.72 |
| LIN Linde PLC | Add +94.1% | 1.39% | +0.71 |
| GRAB Grab Holdings Ltd. Class A | Add +295.8% | 1.07% | +0.67 |
| SW Smurfit Westrock PLC | Add +71.2% | 1.51% | +0.57 |
| ENGIY Engie-Spon ADR | Add +14.1% | 2.37% | +0.49 |
| SE Sea Ltd.-ADR | Add +231.9% | 0.93% | +0.46 |
| AXAHY AXA -Spons ADR | Add +62.0% | 1.55% | +0.44 |
| KB KB Financial Group Inc.-ADR | Add +7.5% | 2.89% | +0.39 |
| CCJ Cameco Corp. | Add +15.5% | 1.88% | +0.39 |
| ASX Ase Technology Holding -ADR | Add +2.0% | 1.29% | +0.36 |
| CPNG Coupang Inc. | Add +91.2% | 1.05% | +0.30 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +5.9% | 2.38% | +0.28 |
| SHG Shinhan Financial Group-ADR | Add +8.6% | 1.83% | +0.25 |
| DTEGY Deutsche Telekom AG-Spon ADR | Add +19.5% | 1.37% | +0.25 |
| SIMO Silicon Motion Technol-ADR | Add +2.5% | 0.61% | +0.22 |
| PCRHY Panasonic Holdings Corp. | Add +13.6% | 0.85% | +0.21 |
| VIV Telefonica Brasil-ADR | Add +4.6% | 0.90% | +0.20 |
| PSX Phillips 66 | Add +4.8% | 0.57% | +0.15 |
| PR Permian Resources Corp. Class A | Add +2.7% | 0.47% | +0.14 |
| MFG Mizuho Financial Group-ADR | Add +12.8% | 1.22% | +0.13 |
| CAT Caterpillar Inc. | Add +2.6% | 0.86% | +0.12 |
| AXIAY Axia Energia-ADR | Add +5.3% | 0.59% | +0.11 |
| EONGY E.on SE -Sponsored ADR | Add +16.9% | 0.55% | +0.10 |
| PKX Posco Holdings Inc. -Spon ADR | Add +11.3% | 0.52% | +0.10 |
| VEOEY Veolia Environnement-ADR | Add +11.4% | 1.06% | +0.10 |
| SZKMY Suzuki Motor Corp.-Uns ADR | Add +1642200.0% | 0.09% | +0.09 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.09% | +0.09 |
| NGG National Grid PLC-SP ADR | Add +13.1% | 0.76% | +0.09 |
| SSEZY Sse PLC-SPN ADR | Add +4.0% | 0.87% | +0.09 |
| LAUR Laureate Education Inc. | New | 0.08% | +0.08 |
| WPM Wheaton Precious Metals Corp. | New | 0.08% | +0.08 |
| SDZNY Sandoz Group AG-ADR | Add +12.3% | 1.01% | +0.07 |
| MIELY Mitsubishi Electric-Unsp ADR | Add +12.4% | 0.71% | +0.07 |
| LSEGY London Stock Ex Grp ADR Spon | Add +23.1% | 0.80% | +0.07 |
| CLLNY Cellnex Telecom Sau-Unsp ADR | Add +22.2% | 0.68% | +0.07 |
| JMHLY Jardine Matheson HD-Unsp ADR | New | 0.07% | +0.07 |
| SBSW Sibanye-Stillwater Ltd.-ADR | New | 0.07% | +0.07 |
| KOF Coca-Cola Femsa Sab-SP ADR | Add +9.8% | 1.77% | +0.06 |
| AZN Astrazeneca PLC | Add +11.7% | 0.65% | +0.05 |
| HOCPY Hoya Corp.-Sponsored ADR | Add +12.5% | 0.42% | +0.05 |
| OKE Oneok Inc. | Add +4.0% | 0.29% | +0.04 |
| FMX Fomento Economico Mex-SP ADR | Add +7.8% | 0.38% | +0.04 |
| AU Anglogold Ashanti PLC | Add +1.8% | 0.83% | +0.04 |
| SUZ Suzano SA - Spon ADR | Add +8.7% | 1.08% | +0.03 |
| XEL Xcel Energy Inc. | New | 0.03% | +0.03 |
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 |