Mraz, Amerine & Associates, Inc. Q4 2022 vs. Q1 2023: A Comparison of 13F Holdings

The fourth quarter of 2022 marked a period of change in Mraz, Amerine & Associates, Inc.'s portfolio, and as we head into Q1 2023, it's worth taking a closer look at how the fund's holdings have shifted. In this blog post, we will examine the changes in Mraz, Amerine & Associates, Inc.'s 13F holdings, comparing the number of shares and their value in Q4 of 2022 and Q1 of 2023.

Introduction:

Mraz, Amerine & Associates, Inc. is an investment management firm based in California. The firm primarily manages investment portfolios for high net worth individuals and institutions. As an institutional investor, Mraz, Amerine & Associates, Inc. is required to file a quarterly report with the Securities and Exchange Commission (SEC), called Form 13F. In this report, the firm discloses its equity holdings as of the end of the quarter. These holdings are publicly available 45 days after the end of each quarter.

Main body:

According to Mraz, Amerine & Associates, Inc.'s most recent Form 13F, the firm's holdings have undergone some significant changes from Q4 of 2022 to Q1 of 2023. The largest overall changes were in the holdings of BRK-B, Berkshire Hathaway Inc., which decreased by 1.2% from 190,997 shares to 188,756 shares and in the holdings of FRFHF, Fairfax Financial Holdings Ltd., which decreased by a sizable 44.5% from 64,180 shares to 31,733 shares.

Another large decrease was the holdings of VTIP, Vanguard Malvern Funds, which decreased from 164,072 shares in Q4 2022 to 120,236 shares in Q1 2023, a decrease of 25%. Similarly, the holdings of SCHW, Charles Schwab Corporation, decreased by 37.1% from 46,921 shares to 46,921 shares, while the holdings of JEF, Jeffries Financial Group, decreased by 7.1% from 555,831 shares to 557,411 shares.

However, not all of the holdings decreased during this period. Some also saw significant increases. For example, the holdings of WBD, Warner Bros. Discovery Inc., increased by a staggering 82% from 142,834 shares to 163,173 shares. The holdings of DFIV, Dimensional ETF Trust, increased by 77.8% from 39,933 shares to 66,961 shares.

In addition, the holdings of LEN-B, Lennar Corporation, increased by 17.3% from 30,906 shares to 30,365 shares, while the holdings of CLF, Cleveland-Cliffs Inc., increased by 12.7% from 140,134 shares to 138,791 shares.

Conclusion:

In conclusion, Mraz, Amerine & Associates, Inc.'s holdings underwent significant changes in the fourth quarter of 2022, with some holdings increasing and others decreasing in value. As we move into 2023, it will be interesting to see how the fund's portfolio continues to shift and evolve. Investors should continue to monitor the firm's Form 13F filings to stay up-to-date on the company's stock holdings.

It's important to note that while Form 13F is a useful tool for monitoring institutional investors, it has limitations. For example, it only applies to long positions in U.S. listed stocks, and it only reports holdings as of the end of the quarter. Additionally, it is possible that the positions could have changed since the 13F filing, presenting challenges for investors who want to stay on top of the firm's portfolio changes.