SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Mraz, Amerine & Associates, Inc.

CIK 0001542324 · 1120 13TH STREET,, STE C, MODESTO, CA, 95354 · 209-593-5870

Reported Value
$254M
Q1 2020
Positions
159
Filings on Record
39
2019–present window
Filed
May 6, 2020
original filing

Summary

Mraz, Amerine & Associates, Inc. reported $254M in U.S.-listed holdings across 159 positions for Q1 2020.

Its largest position, BRK/B, represents 17.8% of the portfolio.

Compared with Q4 2019, the fund opened 7 new positions and exited 17.

Portfolio Metrics

Turnover
+0.8%
vs prior filed quarter
Top-10 Concentration
+67.8%
share of reported value
Largest Position
+17.8%
Berkshire Hathaway
New / Exited
7 / 17
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $302MQ4 ’18Q1 ’19: $322MQ2 ’19: $336MQ3 ’19: $336MQ4 ’19: $350MQ4 ’19Q1 ’20: $254MQ2 ’20: $269MQ3 ’20: $269MQ4 ’20: $301MQ4 ’20Q1 ’21: $344MQ2 ’21: $369MQ3 ’21: $366MQ4 ’21: $389MQ4 ’21Q1 ’22: $421MQ2 ’22: $389MQ3 ’22: $372MQ4 ’22: $424MQ4 ’22Q1 ’23: $406MQ2 ’23: $426MQ3 ’23: $444MQ4 ’23: $477MQ4 ’23Q1 ’24: $529MQ2 ’24: $487MQ3 ’24: $553MQ4 ’24: $561MQ4 ’24Q1 ’25: $582MQ2 ’25: $582MQ3 ’25: $642MQ4 ’25: $673MQ4 ’25Q1 ’26: $678Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 77.6%Other: 16.9%Closed-End Fund: 2.1%ETP: 1.0%Royalty Trst: 0.9%Other: 1.5%
  • Common Stock · 77.6% · $197M
  • Other · 16.9% · $43M
  • Closed-End Fund · 2.1% · $5M
  • ETP · 1.0% · $3M
  • Royalty Trst · 0.9% · $2M
  • Other · 1.5% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NVRNVR INCNEW+358358+$920,000$920,000
MMM3M CONEW+1.8K1.8K+$241,000$241,000
VGSHVANGUARD SCOTTSDALE FDSNEW+3.5K3.5K+$220,000$220,000
TPLUSDTEXAS PAC LD TRNEW+540540+$205,000$205,000
PKPARK HOTELS RESORTS INCNEW+24.0K24.0K+$190,000$190,000
WMBWILLIAMS COS INCNEW+11.4K11.4K+$161,000$161,000
PARTY CITY HOLDCO INCNEW+13.9K13.9K+$6,000$6,000
HIGHARTFORD FINL SVCS GROUP INCSOLD OUT−7.2K0−$439,000$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2020

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A18.58%$47M248.2K
2WHITE MTNS INS GROUP LTDCOM9.44%$24M26.4K
3YUSDALLEGHANY CORP DELhistory →COM7.82%$20M36.0K
4MKLMARKEL CORPhistory →COM6.57%$17M18.0K
5WRBBERKLEY W R CORPhistory →COM6.09%$16M297.1K
6ENSTAR GROUP LIMITEDSHS5.19%$13M83.0K
7LLOEWS CORPhistory →COM4.51%$11M329.4K
8FFHFAIRFAX FINL HLDGS LTD SUB VTGhistory →Stock3.80%$10M31.5K
9JEFJEFFERIES FINL GROUP INChistory →COM3.42%$9M636.7K
10MSFTMICROSOFT CORPhistory →COM3.17%$8M51.2K
11WABCWESTAMERICA BANCORPORATIONhistory →COM1.42%$4M61.4K
12BNYBANK NEW YORK MELLON CORPhistory →COM1.22%$3M92.5K
13JNJJOHNSON & JOHNSONhistory →COM1.12%$3M21.8K
14GENERAL AMERN INVS INCCOM1.00%$3M92.4K
15ABTABBOTT LABSCOM0.87%$2M27.9K
16AAPLAPPLE INCCOM0.79%$2M7.9K
17BRBROADRIDGE FINL SOLUTIONS INCOM0.71%$2M19.1K
18UHALAMERCOCOM0.66%$2M5.8K
19VANGUARD SPECIALIZED FUNDSDIV APP ETF0.64%$2M15.8K
20SCHWSCHWAB CHARLES CORPCOM0.63%$2M47.4K
21SOURCE CAP INCCOM0.56%$1M46.6K
22MHKMOHAWK INDS INCCOM0.47%$1M15.7K
23AMGNAMGEN INCCOM0.47%$1M5.9K
24BROOKFIELD ASSET MGMT INCCL A LTD VT SH0.46%$1M26.4K
25CTLEURCENTURYLINK INCCOM0.46%$1M123.5K
26CTOUSDCONSOLIDATED TOMOKA LD COCOM0.46%$1M25.7K
27EMREMERSON ELEC COCOM0.41%$1M22.1K
28CACCCREDIT ACCEP CORP MICHCOM0.41%$1M4.1K
29CABOCABLE ONE INCCOM0.40%$1M625
30TGNATEGNA INCCOM0.40%$1M93.7K
31ISTAR INCCOM0.39%$999,00094.1K
32SBRSABINE ROYALTY TRUNIT BEN INT0.39%$984,00035.2K
33CNACNA FINL CORPCOM0.37%$947,00030.5K
34LEN/BLENNAR CORPCL B0.37%$937,00032.4K
35PICO HLDGS INCCOM NEW0.36%$927,000119.2K
36NVRNVR INCCOM0.36%$920,000358
37CRCCANADIAN NAT RES LTDCOM0.36%$915,00067.5K
38RESRPC INCCOM0.35%$880,000427.2K
39RVTROYCE VALUE TR INCCOM0.35%$878,00090.8K
40ANATUSDAMERICAN NATL INS COCOM0.34%$862,00010.5K
41CHVCHEVRON CORP NEWCOM0.34%$854,00011.8K
42DISCKUSDDISCOVERY INCCOM SER C0.32%$806,00046.0K
43RMTROYCE MICRO-CAP TR INCCOM0.30%$776,000139.6K
44DNOWNOW INCCOM0.30%$764,000148.1K
45APDAIR PRODS & CHEMS INCCOM0.29%$739,0003.7K
46COPCONOCOPHILLIPSCOM0.28%$722,00023.4K
47LBRDKLIBERTY BROADBAND CORPCOM SER C0.28%$716,0006.5K
48COSTCOSTCO WHSL CORP NEWCOM0.27%$678,0002.4K
49CRTCROSS TIMBERS RTY TRTR UNIT0.26%$659,000119.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$678M190May 5, 202613F-HRchanges · EDGAR ↗
Q4 2025$673M192Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$642M188Nov 6, 202513F-HRchanges · EDGAR ↗
Q2 2025$582M170Jul 24, 2025RESTATEMENTchanges · EDGAR ↗
Q1 2025$582M170Apr 30, 202513F-HRchanges · EDGAR ↗
Q4 2024$561M166Jan 31, 202513F-HRchanges · EDGAR ↗
Q3 2024$553M167Oct 23, 202413F-HRchanges · EDGAR ↗
Q2 2024$487M168Aug 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$529M178May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$477M178Jan 31, 202413F-HRchanges · EDGAR ↗
Q3 2023$444M174Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$426M182Jul 25, 202313F-HRchanges · EDGAR ↗
Q1 2023$406M177Apr 20, 202313F-HRchanges · EDGAR ↗
Q4 2022$424M170Jan 12, 202313F-HRchanges · EDGAR ↗
Q3 2022$372M165Oct 25, 202213F-HRchanges · EDGAR ↗
Q2 2022$389M170Jul 27, 202213F-HRchanges · EDGAR ↗
Q1 2022$421M173Apr 22, 202213F-HRchanges · EDGAR ↗
Q4 2021$389M173Jan 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$366M172Nov 8, 202113F-HRchanges · EDGAR ↗
Q2 2021$369M175Aug 3, 202113F-HRchanges · EDGAR ↗
Q1 2021$344M171Apr 26, 202113F-HRchanges · EDGAR ↗
Q4 2020$301M160Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$269M161Nov 3, 202013F-HRchanges · EDGAR ↗
Q2 2020$269M153Jul 29, 202013F-HRchanges · EDGAR ↗
Q1 2020$254M159May 6, 202013F-HRchanges · EDGAR ↗
Q4 2019$350M169Feb 10, 202013F-HRchanges · EDGAR ↗
Q3 2019$336M167Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$336M165Aug 2, 201913F-HRchanges · EDGAR ↗
Q1 2019$322M161May 8, 201913F-HRchanges · EDGAR ↗
Q4 2018$302M154Feb 11, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.