1y return+9.3%S&P 500 +20.9%
3y return+45.6%S&P 500 +68.5%
5y return+67.8%S&P 500 +74.5%
10y return+144.4%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $244 against $357 in the S&P 500.2
Mraz, Amerine & Associates, Inc.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| BRK/BBerkshire Hathaway Inc Del | $78.3M | 11.2% | −1.3% |
| FRFHFFairfax Finl Hldgs Ltd Sub Vtg | $48.5M | 7.0% | +1.1% |
| White Mtns Ins Group LtdCUSIP G9618E107 | $46.1M | 6.6% | |
| WRBBerkley W R Corp | $44.8M | 6.4% | |
| USFRWisdomtree Tr | $43.3M | 6.2% | +4.5% |
| MKLMarkel Group Inc | $38.3M | 5.5% | +2.5% |
| JEFJefferies Financial Group In | $30.8M | 4.4% | |
| LLoews Corp | $29.0M | 4.2% | |
| AVUVAmerican Centy Etf Tr | $20.6M | 3.0% | −1.0% |
| BNBrookfield Corp | $19.9M | 2.9% | +3.0% |
| DFIVDimensional Etf Trust | $14.8M | 2.1% | +1.6% |
| AVDVAmerican Centy Etf Tr | $13.8M | 2.0% | |
| CNQCanadian Nat Res Ltd Med Ter | $9.3M | 1.3% | +1.0% |
| CVECenovus Energy Inc | $9.1M | 1.3% | +1.0% |
| AVEMAmerican Centy Etf Tr | $7.2M | 1.0% | −3.0% |
| JNJJohnson & Johnson | $7.1M | 1.0% | −1.3% |
| UHAL/BU Haul Holding Company | $6.7M | 1.0% | |
| MSFTMicrosoft Corp | $6.6M | 0.9% | −1.5% |
| OXYOccidental Pete Corp | $6.5M | 0.9% | +1.7% |
| SLBSlb Limited | $5.8M | 0.8% | +1.6% |
| ARAntero Resources Corp | $5.7M | 0.8% | +4.5% |
| CACCCredit Accep Corp Mich | $5.3M | 0.8% | −36.5% |
| BRK/ABerkshire Hathaway Inc Del | $5.2M | 0.8% | |
| RMTRoyce Micro-cap Tr Inc | $5.1M | 0.7% | −1.3% |
| KFKorea Fd Inc | $5.1M | 0.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| ARAntero Resources Corp | June 30, 2020 | +1283.5% | $5.7M |
| AMRAlpha Metallurgical Resour I | March 31, 2021 | +1206.0% | $4.4M |
| TDWTidewater Inc New | June 30, 2020 | +1092.0% | $3.3M |
| FCXFreeport Mcmoran Inc | June 30, 2020 | +443.6% | $3.3M |
| CNQCanadian Nat Res Ltd Med Ter | June 30, 2020 | +354.1% | $9.3M |
| GHCGraham Hldgs Co | June 30, 2020 | +233.1% | $3.8M |
| LLoews Corp | June 30, 2020 | +230.1% | $29.0M |
| JOESt Joe Co | June 30, 2020 | +222.5% | $3.1M |
| JEFJefferies Financial Group In | June 30, 2020 | +221.4% | $30.8M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $4.1M |
Sold off last quarter
- CTRACoterra Energy Inc was $3.6M
- Dupont De Nemours IncCUSIP 26614N102 was $550K
- Exxon Mobil CorpCUSIP 30231G102 was $335K
- VZVerizon Communications Inc was $311K
- ZTSZoetis Inc was $283K
- JPMJpmorgan Chase & Co was $268K
- PNCPnc Finl Svcs Group Inc was $250K
- RIORio Tinto PLC was $236K
- Seadrill LtdCUSIP G7997W102 was $226K
- CMCSAComcast Corp New was $213K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +1.9% | +14.8% |
| March 31, 2026 | +0.5% | −4.6% |
| December 31, 2025 | +2.4% | +2.4% |
| September 30, 2025 | +4.2% | +7.8% |
| June 30, 2025 | +2.0% | +10.5% |
| March 31, 2025 | +2.2% | −4.6% |
| December 31, 2024 | +2.7% | +2.1% |
| September 30, 2024 | +2.5% | +5.4% |
| June 30, 2024 | −1.4% | +4.0% |
| March 31, 2024 | +10.7% | +10.0% |
| December 31, 2023 | +7.2% | +11.2% |
| September 30, 2023 | +3.7% | −3.6% |
| June 30, 2023 | +4.3% | +8.3% |
| March 31, 2023 | +3.5% | +7.0% |
| December 31, 2022 | +11.8% | +7.1% |
| September 30, 2022 | −4.8% | −5.3% |
| June 30, 2022 | −11.9% | −16.5% |
| March 31, 2022 | +7.8% | −4.9% |
| December 31, 2021 | +6.8% | +10.7% |
| September 30, 2021 | −1.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Mraz, Amerine & Associates, Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1542324&type=13F-HR&dateb=&owner=include&count=40CIK 1542324
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1542324/000121465926008633/Filed July 16, 2026 · accession 0001214659-26-008633