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Institutional Investment Manager
Mraz, Amerine & Associates, Inc.
Mraz, Amerine & Associates, Inc. (CIK: 0001542324) incorporated in California, located at 1120 13th Street, Modesto, CA. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q4)
Portfolio Summary: 148 holdings with a total value of $262,382,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL CL B NEW 273,603 36,127,000 13.77%
2 WHITE MTNS INS GROUP LTD 31,183 22,664,000 8.64%
3 ALLEGHANY CORP DEL 38,326 18,317,000 6.98%
4 MARKEL CORP 17,378 15,351,000 5.85%
5 WR BERKLEY CORP 234,964 12,864,000 4.90%
6 LOEWS CORP COM 290,180 11,143,000 4.25%
7 FAIRFAX FINANCIAL HLDGS LTD 21,039 9,909,000 3.78%
8 LEUCADIA NATIONAL CORP 426,202 7,412,000 2.82%
9 ENSTAR GROUP LIMITED 37,450 5,619,000 2.14%
10 RPC INC 404,267 4,831,000 1.84%
11 GENERAL AMERN INVS INC 148,093 4,730,000 1.80%
12 MICROSOFT CORP 81,532 4,523,000 1.72%
13 CIMAREX ENERGY CO 48,584 4,342,000 1.65%
14 TEGNA INC 164,000 4,185,000 1.60%
15 WESTAMERICA BANCORPORATION 83,034 3,882,000 1.48%
16 BANK OF NEW YORK MELLON CORP 89,921 3,707,000 1.41%
17 SOURCE CAP INC 50,068 3,317,000 1.26%
18 JOHNSON AND JOHNSON 31,566 3,242,000 1.24%
19 COCA-COLA CO 75,180 3,230,000 1.23%
20 DEVON ENERGY CORP 99,784 3,193,000 1.22%
21 Chicago Bridge & Iron Company 79,193 3,088,000 1.18%
22 LIBERTY MEDIA CORP 74,682 2,844,000 1.08%
23 FOREST CITY ENTERPRISES A 121,368 2,662,000 1.01%
24 TRI POINTE GROUP INC 182,795 2,316,000 0.88%
25 INTERNATIONAL BUSINESS MACHINES CORP 15,717 2,163,000 0.82%
26 E.I. DU PONT DE NEMOURS AND CO 28,414 1,892,000 0.72%
27 AMERICAN NATL INS CO 15,551 1,590,000 0.61%
28 BERKSHIRE HATHAWAY, INC. CLASS A 8 1,582,000 0.60%
29 ABBOTT LABORATORIES 34,408 1,545,000 0.59%
30 WELLS FARGO AND CO 26,994 1,467,000 0.56%
31 CHEVRON CORP 15,788 1,420,000 0.54%
32 CONSOLIDATED TOMOKA LD CO 26,682 1,406,000 0.54%
33 VANGUARD SPECIALIZED PORTFOL 18,071 1,405,000 0.54%
34 GREIF INC 31,847 1,362,000 0.52%
35 GANNETT CO INC 82,165 1,338,000 0.51%
36 ATANDT INC 38,684 1,331,000 0.51%
37 BROADRIDGE FINL SOLUTIONS IN 23,700 1,273,000 0.49%
38 PICO HLDGS INC 123,145 1,271,000 0.48%
39 CNA FINL CORP 35,568 1,250,000 0.48%
40 EMERSON ELECTRIC CO. 22,250 1,064,000 0.41%
41 BROOKFIELD ASSET MGMT INC 31,596 996,000 0.38%
42 Royce Value Tr Inc. 83,405 982,000 0.37%
43 APPLE INC 9,321 981,000 0.37%
44 AMGEN INC 5,704 926,000 0.35%
45 US BANCORP 21,591 921,000 0.35%
46 WEYERHAEUSER CO 30,501 914,000 0.35%
47 BOARDWALK PIPELINE PARTNERS 69,563 903,000 0.34%
48 MONMOUTH REAL ESTATE INVT CO 86,028 900,000 0.34%
49 DIAMOND OFFSHORE DRILLING 38,796 819,000 0.31%
50 LENNAR CORP 20,045 805,000 0.31%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001221073-16-000134, filed 2016.02.11).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.