1y return+25.9%S&P 500 +20.9%
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 September 30, 2023: $179 against $175 in the S&P 500.2
Ramirez Asset Management, 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 |
|---|---|---|---|
| TSMTaiwan Semiconductor Mfg Adr | $75.7M | 7.9% | +8.0% |
| Jbs N.v. Com Shs Cl ACUSIP N4732M103 | $28.5M | 3.0% | +43.9% |
| KBKb Financial Group Inc Adr | $26.1M | 2.7% | +5.0% |
| ENGIYEngie Sa Adr | $20.5M | 2.1% | +5.9% |
| ITUBItau Unibanco Hldg Pref Adr | $19.5M | 2.0% | +1.4% |
| LLYEli Lilly & Co | $18.6M | 1.9% | +986.1% |
| SHGShinhan Financial Group Adr | $17.6M | 1.8% | +14.8% |
| AXAHYAxa Adr | $16.7M | 1.7% | +16.8% |
| ASXAse Technology Holding Co Ads | $15.7M | 1.6% | −22.1% |
| SAPSap Ag Adr | $15.7M | 1.6% | +184.9% |
| Smurfit Westrock PlcCUSIP G8267P108 | $14.4M | 1.5% | |
| Anglogold Ashanti Plc ComCUSIP G0378L100 | $14.4M | 1.5% | +146.9% |
| MFGMizuho Financial Group Inc Sp | $13.4M | 1.4% | +10.5% |
| PCRHYPanasonic Hldgs Corp Unsponsor | $13.0M | 1.4% | +9.6% |
| AXIAYAxia Energia | $12.8M | 1.3% | +187.8% |
| SCBFYStandard Chartered PLC Ads | $12.8M | 1.3% | +11.2% |
| GBOOYGrupo Financiero Banorte Sa Ad | $12.7M | 1.3% | −13.8% |
| DTEGYDeutsche Telekom Ag Adr | $12.6M | 1.3% | +48.0% |
| Linde plcCUSIP G54950103 | $11.7M | 1.2% | −2.8% |
| TCEHYTencent Hldgs Ltd Adr | $11.3M | 1.2% | +22.1% |
| SDZNYSandoz Group Ag Ads | $11.0M | 1.1% | +11.1% |
| SIMOSilicon Motion Technology Corp | $10.8M | 1.1% | |
| CATCaterpillar Inc | $10.8M | 1.1% | |
| VEOEYVeolia Environment Adr | $10.6M | 1.1% | +9.7% |
| SMFGSumitomo Mitsui Finl Group Adr | $10.5M | 1.1% | +10.9% |
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 |
|---|---|---|---|
| SIMOSilicon Motion Technology Corp | September 30, 2023 | +550.4% | $10.8M |
| TSMTaiwan Semiconductor Mfg Adr | September 30, 2023 | +449.6% | $75.7M |
| ASXAse Technology Holding Co Ads | December 31, 2023 | +379.5% | $15.7M |
| EMBJEmbraer Sa Adr | September 30, 2023 | +365.0% | $8.4M |
| NVDANvidia Corporation | September 30, 2023 | +360.0% | $9.2M |
| AVGOBroadcom Inc | September 30, 2023 | +354.8% | $9.6M |
| CATCaterpillar Inc | September 30, 2023 | +290.1% | $10.8M |
| Anglogold Ashanti Plc ComCUSIP G0378L100 | December 31, 2024 | +250.5% | $14.4M |
| SCBFYStandard Chartered PLC Ads | September 30, 2023 | +195.2% | $12.8M |
| SDZNYSandoz Group Ag Ads | December 31, 2023 | +182.7% | $11.0M |
Sold off last quarter
- NNGRYNN Group NV ADR was $3.0M
- PSAPublic Storage was $1.7M
- PAYXPaychex Inc was $1.6M
- DIDIYDidi Global Inc Sponsored Ads was $1.5M
- Honeywell Intl IncCUSIP 438516106 was $1.4M
- TMETencent Music Entmt Group Ads was $609K
- DDOGDatadog Inc Cl A was $71K
- ELVElevance Health Inc was $59K
- JFrog LtdCUSIP M6191J100 was $47K
- ALABAstera Laboratories Inc was $22K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.2% | +14.8% |
| March 31, 2026 | +3.9% | −4.6% |
| December 31, 2025 | +4.8% | +2.4% |
| September 30, 2025 | +8.9% | +7.8% |
| June 30, 2025 | +14.9% | +10.5% |
| March 31, 2025 | +3.7% | −4.6% |
| December 31, 2024 | −5.4% | +2.1% |
| September 30, 2024 | +4.8% | +5.4% |
| June 30, 2024 | +3.3% | +4.0% |
| March 31, 2024 | +7.4% | +10.0% |
| December 31, 2023 | +8.6% | +11.2% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Ramirez Asset Management, Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1992110&type=13F-HR&dateb=&owner=include&count=40CIK 1992110
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1992110/000199211026000007/Filed August 13, 2026 · accession 0001992110-26-000007