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Mraz, Amerine & Associates, Inc.

1120 13TH STREET, STE C, MODESTO, CA 95354 • 209-593-5870

Q3 2025 · Filed 2025-11-06
Market Value
$639M
+3.0%
Holdings
193
-2
New Purchases
5
Added To
43
Closed
8
Reduced
73
Top 10 Concentration
57.7%
Turnover
6.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
JEF 5.82% 5.04% +0.79% $37M
WBD 0.73% 0.44% +0.28% $5M
AVDV 1.85% 1.58% +0.27% $12M
DFIV 1.90% 1.63% +0.27% $12M
CVE 0.97% 0.73% +0.25% $6M
USFR 1.77% 1.52% +0.24% $11M
AVUV 2.60% 2.39% +0.22% $17M
L 4.03% 3.82% +0.21% $26M
AVEM 0.79% 0.59% +0.20% $5M
BN 2.46% 2.29% +0.17% $16M
MRK 0.19% 0.05% +0.15% $1M
HAL 0.39% 0.27% +0.13% $3M
JNJ 0.83% 0.70% +0.13% $5M
OXY 0.98% 0.85% +0.13% $6M
PAAA 0.35% 0.23% +0.12% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ESGR 0.00% 2.84% -2.84% $0
FRFHF 7.93% 8.65% -0.72% $51M
MKL 5.59% 6.08% -0.49% $36M
WTM 5.91% 6.25% -0.33% $38M
AR 0.78% 0.94% -0.16% $5M
CACC 0.98% 1.09% -0.11% $6M
LMB 0.00% 0.08% -0.08% $0
TPL 0.45% 0.53% -0.07% $3M
FCNCA 0.31% 0.36% -0.05% $2M
NSC 0.00% 0.05% -0.05% $0
CTRA 0.39% 0.43% -0.05% $2M
FCX 0.36% 0.40% -0.05% $2M
CTO 0.00% 0.05% -0.05% $0
LBRDK 0.00% 0.04% -0.04% $0
BUR 0.41% 0.45% -0.04% $3M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 72.9%
Energy 14.8%
Industrials 3.0%
Technology 2.4%
Healthcare 2.1%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 29 $120M 18.8%
Large Cap 80 $388M 60.8%
Mid Cap 39 $96M 14.9%
Small Cap 35 $28M 4.3%
Micro Cap 10 $7M 1.1%

Portfolio Analytics

Avg Market Cap
$209.2B
Median Market Cap
$19.4B
Avg P/E
26.5
Median P/E
17.5
Avg Dividend Yield
0.02%
Avg Beta
0.79
# Stocks
154
# ETFs / Funds
39

Top Holdings (193 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BRK-B 12.86% 163,390 $82M $502.74 $2M -941 -0.6%
2 FRFHF 7.93% 28,968 $51M $1,749.14 -$3M -727 -2.5%
3 WRB 7.49% 624,209 $48M $76.62 $1M -8,003 -1.3%
4 WTM 5.91% 22,606 $38M $1,671.53 -$958K +1,030 +4.8%
5 JEF 5.82% 568,716 $37M $65.42 $6M -2,611 -0.5%
6 MKL 5.59% 18,677 $36M $1,911.36 -$2M -208 -1.1%
7 L 4.03% 256,502 $26M $100.39 $2M -2,371 -0.9%
8 JAAA 3.05% 383,841 $19M $50.78 $1M +24,065 +6.7%
9 AVUV 2.60% 167,186 $17M $99.53 $2M +4,535 +2.8%
10 BN 2.46% 229,498 $16M $68.58 $2M -350 -0.1%
11 DFIV 1.90% 262,901 $12M $46.12 $2M +26,826 +11.4%
12 AVDV 1.85% 132,561 $12M $89.03 $2M +9,130 +7.4%
13 USFR 1.77% 224,387 $11M $50.27 $2M +36,450 +19.4%
14 MSFT 1.51% 18,581 $10M $517.96 $314K -136 -0.7%
15 CNQ 1.13% 226,513 $7M $31.96 $656K +16,861 +8.0%
16 CACC 0.98% 13,432 $6M $466.93 -$516K +107 +0.8%
17 OXY 0.98% 132,079 $6M $47.25 $957K +6,305 +5.0%
18 CVE 0.97% 366,599 $6M $16.99 $2M +35,201 +10.6%
19 BRK-A 0.83% 7 $5M $754,200.00 $178K
20 JNJ 0.83% 28,451 $5M $185.42 $929K
21 UHAL-B 0.82% 103,103 $5M $50.90 -$41K +5,830 +6.0%
22 AVEM 0.79% 67,503 $5M $75.11 $1M +14,066 +26.3%
23 AR 0.78% 149,174 $5M $33.56 -$820K +4,519 +3.1%
24 WBD 0.73% 237,306 $5M $19.53 $2M -1,680 -0.7%
25 GHC 0.67% 3,610 $4M $1,177.46 $729K -112 -3.0%
26 SLB 0.64% 118,358 $4M $34.37 $359K +8,639 +7.9%
27 NVR 0.61% 487 $4M $8,034.66 $264K -7 -1.4%
28 AAPL 0.59% 14,746 $4M $254.62 $543K -906 -5.8%
29 LEN-B 0.58% 30,944 $4M $119.99 $483K +252 +0.8%
30 RMT 0.58% 357,316 $4M $10.39 $351K -6,110 -1.7%
31 VTS 0.53% 145,056 $3M $23.23 $139K -1,197 -0.8%
32 SCHW 0.47% 31,122 $3M $95.47 $132K
33 TPL 0.45% 3,096 $3M $933.70 -$380K
34 TDW 0.41% 49,518 $3M $53.33 $433K +1,652 +3.5%
35 BUR 0.41% 219,664 $3M $11.96 -$186K +22,363 +11.3%
36 OIH 0.40% 9,802 $3M $259.90 $566K +1,197 +13.9%
37 HAL 0.39% 102,590 $3M $24.60 $878K +21,820 +27.0%
38 AMGN 0.39% 8,915 $3M $282.21 -$10K -133 -1.5%
39 JOE 0.39% 50,547 $3M $49.48 $68K -456 -0.9%
40 CTRA 0.39% 104,861 $2M $23.65 -$215K -1,321 -1.2%
41 CUBI 0.39% 37,917 $2M $65.37 $234K -290 -0.8%
42 DISV 0.38% 68,552 $2M $35.69 $191K
43 AMR 0.38% 14,772 $2M $164.09 $751K -105 -0.7%
44 BR 0.37% 9,939 $2M $238.17 -$69K -85 -0.8%
45 FCX 0.36% 58,079 $2M $39.22 -$217K +519 +0.9%
46 PAAA 0.35% 43,281 $2M $51.50 $831K +16,103 +59.2%
47 BK 0.35% 20,270 $2M $108.96 $353K -100 -0.5%
48 EMR 0.33% 16,220 $2M $131.18 -$105K -523 -3.1%
49 DFLV 0.33% 63,534 $2M $32.90 $114K -165 -0.3%
50 KF 0.33% 68,288 $2M $30.59 $252K +100 +0.1%
51 LUMN 0.31% 326,486 $2M $6.12 $538K -6,862 -2.1%
52 FCNCA 0.31% 1,092 $2M $1,789.16 -$253K -36 -3.2%
53 NMM 0.31% 43,291 $2M $45.05 $418K +2,621 +6.4%
54 SBR 0.29% 23,700 $2M $79.45 $253K -825 -3.4%
55 SBLK 0.29% 99,687 $2M $18.59 $98K -2,088 -2.0%
56 CLF 0.29% 151,430 $2M $12.20 $520K -23,197 -13.3%
57 CRGY 0.29% 205,647 $2M $8.92 $102K +4,223 +2.1%
58 VAL 0.28% 37,063 $2M $48.77 $245K -40 -0.1%
59 BSM 0.28% 134,694 $2M $13.14 $36K +2,096 +1.6%
60 NE 0.27% 61,055 $2M $28.28 $201K +3,577 +6.2%
61 VYM 0.26% 11,713 $2M $140.95 $54K -265 -2.2%
62 JOF 0.26% 155,051 $2M $10.54 $234K +9,770 +6.7%
63 ABEV 0.25% 711,515 $2M $2.23 -$159K -12,921 -1.8%
64 PXE 0.25% 53,346 $2M $29.39 $320K +8,780 +19.7%
65 COP 0.24% 16,493 $2M $94.59 $61K -211 -1.3%
66 DFAI 0.23% 41,255 $1M $36.35 $57K -481 -1.1%
67 CABO 0.23% 8,409 $1M $177.06 $374K +197 +2.4%
68 DVN 0.23% 41,925 $1M $35.06 $131K -160 -0.4%
69 AXP 0.23% 4,355 $1M $332.15 $57K
70 CSL 0.22% 4,315 $1M $328.96 -$192K
71 NTR 0.22% 24,079 $1M $58.71 -$9K -350 -1.4%
72 CVX 0.22% 9,053 $1M $155.29 $110K
73 AIG 0.22% 17,823 $1M $78.54 $611K +8,606 +93.4%
74 WSC 0.22% 65,302 $1M $21.11 $437K +30,927 +90.0%
75 GAM 0.21% 22,081 $1M $62.21 $47K -1,598 -6.8%
76 IAU 0.21% 18,409 $1M $72.77 $163K -453 -2.4%
77 DIHP 0.21% 43,944 $1M $30.39 $27K -442 -1.0%
78 PSLV 0.21% 84,725 $1M $15.70 $293K
79 EWJV 0.20% 32,593 $1M $39.05 $151K +319 +1.0%
80 MRK 0.19% 14,806 $1M $83.93 $948K +11,078 +297.2%
81 CRC 0.19% 22,358 $1M $53.18 $161K -160 -0.7%
82 VTV 0.18% 6,283 $1M $186.50 -$66K -722 -10.3%
83 AVGO 0.18% 3,400 $1M $329.91 $184K
84 SJT 0.17% 184,236 $1M $6.04 -$11K -4,030 -2.1%
85 DMLP 0.17% 42,646 $1M $25.89 -$136K -1,873 -4.2%
86 APD 0.17% 3,895 $1M $272.75 -$33K +11 +0.3%
87 AVES 0.16% 17,346 $995K $57.37 $62K -77 -0.4%
88 NVDA 0.16% 5,328 $994K $186.58 $140K -77 -1.4%
89 DD 0.15% 12,018 $936K $77.90 $112K
90 SU 0.15% 22,392 $936K $41.81 $91K -172 -0.8%
91 VIGI 0.15% 10,422 $933K $89.57 -$37K -351 -3.3%
92 COST 0.15% 1,004 $929K $925.63 -$78K -14 -1.4%
93 AGO 0.14% 10,543 $892K $84.65 -$67K -475 -4.3%
94 RVT 0.14% 54,025 $871K $16.13 $58K
95 CSWC 0.14% 39,724 $868K $21.86 -$78K -3,234 -7.5%
96 VTOL 0.13% 23,777 $858K $36.08 $74K
97 CTVA 0.13% 12,390 $838K $67.63 -$85K
98 VTIP 0.13% 16,403 $830K $50.63 -$91K -1,927 -10.5%
99 RPM 0.13% 7,000 $825K $117.88 $56K
100 EQT 0.13% 14,912 $812K $54.43 -$78K -345 -2.3%

New Positions

SymbolValue% Port
QURE $544K 0.09%
GOOGL $229K 0.04%
GOOG $208K 0.03%
HCC $200K 0.03%
RLJ $101K 0.02%

Sold Out Positions

SymbolValue% Port
TRGP —%
PG —%
NSC —%
CTO —%
LMB —%
LBRDK —%
VGK —%
ESGR —%
View SEC EDGAR Filings for Mraz, Amerine & Associates, Inc. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms