Ramirez Asset Management, Inc.

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CIK 1992110

13F portfolio (2026-Q1)

$832M

Positions

349

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

347

Top 5

17.4%

Top 10

26.3%

Effective N

70.5

HHI

0.014

This quarter

15 new · 0 exit →

By sector

Unclassified29.8%

Information Technology14.7%

Financials14.5%

Materials9.7%

Industrials8.4%

Consumer Staples5.7%

Communication Services4.9%

Consumer Discretionary4.6%

Other7.7%

By market cap

Unknown72.0%

Large ($10–200B)15.5%

Mega (>$200B)11.6%

Mid ($2–10B)0.7%

Small ($300M–2B)0.1%

By region

North America44.3%

Other29.8%

Asia-Pacific17.7%

Latin America3.6%

Europe3.4%

Africa1.2%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	31.05%	105
Banks	12.87%	23
Semiconductors & Semiconductor Equipment	10.40%	11
Metals & Mining	3.95%	11
Utilities	3.61%	16
Food Products	3.56%	2
Commercial Services & Supplies	2.80%	12
Diversified Telecommunication Services	2.70%	4
Paper & Forest Products	2.59%	3
Machinery	2.23%	17
Beverages	2.16%	3
Software	2.05%	16
Specialty Retail	2.04%	11
Technology Hardware & Equipment	1.82%	12
Pharmaceuticals & Biotechnology	1.74%	8
Aerospace & Defense	1.70%	6
Construction Materials	1.61%	3
Software & IT Services	1.59%	7
Chemicals	1.55%	7
Oil, Gas & Consumable Fuels	1.52%	10
Media & Entertainment	1.01%	4
Capital Markets	0.95%	11
Construction & Engineering	0.90%	5
Household Durables	0.84%	1
Road & Rail	0.54%	1
Insurance	0.47%	6
Equity Real Estate Investment Trusts (REITs)	0.46%	8
Health Care Equipment & Supplies	0.31%	7
Transportation Infrastructure	0.24%	2
Hotels, Restaurants & Leisure	0.21%	3
Professional Services	0.19%	2
Distributors	0.11%	2
Diversified Consumer Services	0.08%	1
Health Care Providers & Services	0.05%	2
Communications Equipment	0.04%	2
Marine	0.04%	2
Electrical Equipment & Components	0.01%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	TSM	Taiwan Semiconductor Manufacturing Co Ltd	Information Technology	6.21%
2	JBS	Jbs N.V.	Consumer Staples	3.56%
3	KB	Kb Financial Group Inc.	Financials	2.89%
4	ITUB	Itau Unibanco Holding S.A.	Financials	2.38%
5	ENGIY	ENGIE S A FSPONSORED ADR 1 ADR REPS 1 ORD SHS	Unclassified	2.37%
6	CCJ	CAMECO CORP	Materials	1.88%
7	GBOOY	GRUPO FINANCIERO BANORTE ADR	Unclassified	1.84%
8	SHG	Shinhan Financial Group Co Ltd	Financials	1.83%
9	KOF	COCA COLA FEMSA SAB DE CV	Consumer Staples	1.77%
10	CX	CEMEX SAB DE CV	Materials	1.56%

245/347 names classified · sector 70.2% of weight · industry 68.9% · mkt cap 28.0%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 11 quarters

Information TechnologyTSM, MSFT, NVDA, AAPL, ASX · other

FinancialsKB, ITUB, SHG, SMFG, HDB · other

IndustrialsBABA, EMBJ, PDD, FTI, ASML · other

MaterialsLIN, SUZ, CX, CCJ, SW · other

Communication ServicesTLK, SKM, GOOG, VIV, SPOT · other

Health CareAZN, ABBV, NVO, MRK, SNY · other

Consumer DiscretionaryAMZN, STLA, CPNG, RACE, SONY · other

EnergyPBR, SHEL, VIST, PSX, PR · other

Consumer StaplesJBS, KOF, FMX, PEP, DEO · other

UtilitiesKEP, LNT, NGG, KGS, AXIA · other

Real EstateAVB, EQIX, PSA, PLD, AMT · other

UnclassifiedTCEHY, IBN, ENGIY, SBLK, MPNGY · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 70.2% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 26% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (171 classified)Ramirez Asset Management, Inc. centroid (Large Core)

Information TechnologyFinancialsIndustrialsMaterialsConsumer DiscretionaryUtilitiesEnergyHealth CareCommunication ServicesReal EstateConsumer Staples

Style box summary for Ramirez Asset Management, Inc.: centroid Large Core. Heaviest cells: Large Growth 7.5%, Large Core 6.1%, Mid Core 4.5%.

Classified: 25.5% of book weight (171/347 names) · unclassified 74.5%: TSM, JBS, KB, ITUB, ENGIY, CCJ, GBOOY, SHG, KOF, CX +166 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 349 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	TSMTAIWAN SEMICONDUCTOR MFG LTD	146,661	$52M	6.2%	ADD 10%
2	JBSJBS N.V.	1,673,913	$30M	3.6%	ADD 30%
3	KBKB FINL GROUP INC	236,513	$24M	2.9%	ADD 8%
4	ITUBITAU UNIBANCO HLDG S A	2,355,376	$20M	2.4%	ADD 6%
5	ENGIYENGIE S A FSPONSORED ADR 1 ADR REPS 1 ORD SHS	615,291	$20M	2.4%	ADD 14%
6	CCJCAMECO CORP	142,851	$16M	1.9%	ADD 16%
7	GBOOYGRUPO FINANCIERO BANORTE ADR	277,976	$15M	1.8%	TRIM −3%
8	SHGSHINHAN FINANCIAL GROUP CO L	241,867	$15M	1.8%	ADD 9%
9	KOFCOCA-COLA FEMSA SAB DE CV	149,595	$15M	1.8%	ADD 10%
10	CXCEMEX SAB DE CV	1,116,758	$13M	1.6%	ADD 10%
11	AXAHYAXA SA	285,076	$13M	1.6%	ADD 62%
12	SWSMURFIT WESTROCK PLC	315,203	$13M	1.5%	ADD 71%
13	MARUYMARUBENI CORP ADR	32,532	$12M	1.4%	TRIM −25%
14	LINLINDE PLC	23,230	$12M	1.4%	ADD 94%
15	DTEGYDEUTSCHE TELEKOM AG SPONSORED ADR	312,223	$11M	1.4%	ADD 19%
16	TLKP T TELEKOMUNIKASI INDONESIA	603,767	$11M	1.3%	ADD 11%
17	ASXASE TECHNOLOGY HLDG CO LTD	447,333	$11M	1.3%	ADD 2%
18	TCEHYTENCENT HLDGS LTD ADR ISIN US88032Q1094	167,713	$10M	1.2%	ADD 17%
19	RNMBYRHEINMETALL ADR	30,667	$10M	1.2%	ADD 17%
20	MFGMIZUHO FINANCIAL GROUP INC	1,267,938	$10M	1.2%	ADD 13%
21	SUZSUZANO S A	924,318	$9M	1.1%	ADD 9%
22	GRABGRAB HOLDINGS LIMITED	2,424,354	$9M	1.1%	ADD 296%
23	SCBFYSTANDARD CHARTERED- UNSP ADR	212,220	$9M	1.1%	ADD 13%
24	VEOEYVeolia Environment ADR	465,524	$9M	1.1%	ADD 11%
25	CPNGCOUPANG INC	459,096	$9M	1.1%	ADD 91%
26	SDZNYSANDOZ GROUP AG SPONSORED ADS ISIN US7999261008	109,038	$8M	1.0%	ADD 12%
27	RACEFERRARI N V	24,611	$8M	1.0%	NEW
28	VCISYVINCI S A ADR	223,591	$8M	1.0%	ADD 6%
29	NVDANVIDIA CORPORATION	46,032	$8M	1.0%	TRIM −7%
30	SMFGSUMITOMO MITSUI FINL GROUP I	402,811	$8M	1.0%	TRIM −43%
31	EMBJEMBRAER S.A.	130,296	$8M	1.0%	HOLD
32	SPOTSPOTIFY TECHNOLOGY S A	16,021	$8M	0.9%	NEW
33	SESEA LTD	92,615	$8M	0.9%	ADD 232%
34	VIVTELEFONICA BRASIL SA	471,812	$8M	0.9%	ADD 5%
35	SSEZYSSE PLC SPN ADR	211,640	$7M	0.9%	ADD 4%
36	CATCATERPILLAR INC	10,110	$7M	0.9%	ADD 3%
37	ISNPYINTESA SANPAOLO S P A SPON ADR REPSTG ORD SHS	196,915	$7M	0.9%	ADD 13%
38	PCRHYPanasonic Hldgs Corp Unspons A	429,319	$7M	0.9%	ADD 14%
39	SONYSONY GROUP CORP	339,615	$7M	0.8%	NEW
40	AUANGLOGOLD ASHANTI PLC	71,852	$7M	0.8%	HOLD
41	AVGOBROADCOM INC	22,070	$7M	0.8%	TRIM −3%
42	SBGSYSCHNEIDER ELECTRIC SE UNSPONSORD ADR	125,327	$7M	0.8%	HOLD
43	JPMJPMORGAN CHASE & CO	22,693	$7M	0.8%	TRIM −5%
44	LSEGYLONDON STOCK EXCHANGE ADR	227,025	$7M	0.8%	ADD 23%
45	HTHIYHITACHI LTD ADR 2 COM	223,324	$6M	0.8%	HOLD
46	NGGNATIONAL GRID PLC	74,169	$6M	0.8%	ADD 13%
47	NSRGYNESTLE S A SPONSORED ADR	64,016	$6M	0.8%	ADD 10%
48	SAPSAP SE	35,669	$6M	0.7%	ADD 7826%
49	MSFTMICROSOFT CORP	16,382	$6M	0.7%	TRIM −2%
50	MIELYMITSUBISHI ELECTRIC CORP ADR	92,638	$6M	0.7%	ADD 12%
51	CLLNYCELLNEX TELECOM SAUUNSP ADR	351,104	$6M	0.7%	ADD 22%
52	AAPLAPPLE INC	22,148	$6M	0.7%	TRIM −7%
53	AZNASTRAZENECA PLC	27,509	$5M	0.7%	NEW
54	ABBVABBVIE INC	23,926	$5M	0.6%	HOLD
55	SIMOSILICON MOTION TECHNOLOGY CO	32,384	$5M	0.6%	ADD 2%
56	AXIACENTRAIS ELET BRAS SA	422,137	$5M	0.6%	ADD 5%
57	NDBKYNEDBANK GROUP LTD SPONS ADR	315,551	$5M	0.6%	TRIM −16%
58	RBGLYReckitt Benckiser Group PLC	362,813	$5M	0.6%	NEW
59	GOOGLALPHABET INC	16,869	$5M	0.6%	TRIM −3%
60	PSXPHILLIPS 66	26,202	$5M	0.6%	ADD 5%
61	KGSKODIAK GAS SVCS INC	79,505	$5M	0.6%	TRIM −9%
62	ETNEATON CORP PLC	12,920	$5M	0.6%	HOLD
63	EONGYE ON SE FSPONSORED ADR 1 ADR REPS 1 ORD SHS	209,847	$5M	0.6%	ADD 17%
64	AERAERCAP HOLDINGS NV	32,999	$5M	0.5%	ADD 4%
65	KEPKOREA ELECTRIC PWR	308,754	$5M	0.5%	ADD 20%
66	CPCANADIAN PACIFIC KANSAS CITY	56,981	$5M	0.5%	HOLD
67	GDGENERAL DYNAMICS CORP	12,990	$4M	0.5%	HOLD
68	BMABANCO MACRO SA	58,029	$4M	0.5%	ADD 2%
69	FUJIYFUJIFILM HOLDINGS-UNSP ADR	468,549	$4M	0.5%	ADD 13%
70	PKXPOSCO HOLDINGS INC	65,719	$4M	0.5%	ADD 11%
71	LNTALLIANT ENERGY CORP	57,399	$4M	0.5%	ADD 3%
72	MSMORGAN STANLEY	24,732	$4M	0.5%	ADD 4%
73	AMZNAMAZON COM INC	19,015	$4M	0.5%	TRIM −3%
74	WEGZYWEG SA ADR	411,655	$4M	0.5%	ADD 3%
75	PRPERMIAN RESOURCES CORP	182,300	$4M	0.5%	ADD 3%
76	KTKT CORP	175,271	$4M	0.5%	ADD 3%
77	CICHYChina Construction Bank Corp	166,226	$4M	0.4%	ADD 5%
78	GGALGRUPO FINANCIERO GALICIA S.A	80,887	$4M	0.4%	ADD 5%
79	CCITIGROUP INC	30,921	$4M	0.4%	ADD 5%
80	ACGBYAGRICULTURAL BANK UNSPON ADR	189,477	$3M	0.4%	ADD 5%
81	HOCPYHOYA CORP SPONSORED ADR	20,707	$3M	0.4%	ADD 13%
82	SGBLYSTANDARD BANK GROUP-SPON ADR	191,083	$3M	0.4%	TRIM −35%
83	XIACYXIAOMI CORP UNSP ADR	172,327	$3M	0.4%	ADD 40%
84	FMXFOMENTO ECONOMICO MEXICANO S	27,939	$3M	0.4%	ADD 8%
85	HIGHARTFORD INSURANCE GROUP INC	23,184	$3M	0.4%	ADD 3%
86	CSCOCISCO SYS INC	40,359	$3M	0.4%	ADD 6%
87	METAMETA PLATFORMS INC	5,433	$3M	0.4%	TRIM −4%
88	IWFISHARES TR	7,050	$3M	0.4%	HOLD
89	NNGRYNN GROUP NV UNSPONSOD ADR	77,376	$3M	0.4%	ADD 5%
90	ESLOYESSILORLUXOT UNSPON ADR	24,876	$3M	0.3%	ADD 14%
91	GFIGOLD FIELDS LTD	59,868	$3M	0.3%	ADD 4%
92	GOOGALPHABET INC	8,385	$2M	0.3%	TRIM −10%
93	OKEONEOK INC NEW	26,254	$2M	0.3%	ADD 4%
94	ABTABBOTT LABS	22,824	$2M	0.3%	ADD 2%
95	DSNKYDAIICHI SANKYO CO SPON ADR	134,098	$2M	0.3%	ADD 20%
96	MPCMARATHON PETE CORP	9,482	$2M	0.3%	HOLD
97	STLASTELLANTIS N.V	313,332	$2M	0.3%	ADD 11%
98	WHGLYWH GROUP LTD SPON ADR	86,429	$2M	0.3%	ADD 5%
99	BLXBANCO LATINOAMERICANO DE COMER SHS E	42,166	$2M	0.3%	ADD 5%
100	BACBANK AMERICA CORP	44,095	$2M	0.3%	HOLD
101	STLDSTEEL DYNAMICS INC	11,563	$2M	0.3%	HOLD
102	BPOPPOPULAR INC	14,479	$2M	0.2%	ADD 5%
103	PHPARKER-HANNIFIN CORP	2,266	$2M	0.2%	TRIM −13%
104	PNGAYPING AN INS GROUP CO CHINA LTD	128,714	$2M	0.2%	ADD 6%
105	KLACKLA CORP	1,309	$2M	0.2%	TRIM −25%
106	ACWXISHARES TR	27,921	$2M	0.2%	TRIM −31%
107	CMSCMS ENERGY CORP	24,114	$2M	0.2%	HOLD
108	VVISA INC	6,061	$2M	0.2%	TRIM −8%
109	TCOMTRIP COM GROUP LTD	36,272	$2M	0.2%	TRIM −37%
110	EEMISHARES TR	30,918	$2M	0.2%	TRIM −19%
111	PSAPUBLIC STORAGE OPER CO	6,249	$2M	0.2%	ADD 5%
112	ITTITT INC	8,635	$2M	0.2%	HOLD
113	BNYBANK NEW YORK MELLON CORP	13,418	$2M	0.2%	HOLD
114	PAYXPAYCHEX INC	16,992	$2M	0.2%	ADD 5%
115	AXPAMERICAN EXPRESS CO	5,172	$2M	0.2%	HOLD
116	BKNGBOOKING HOLDINGS INC	368	$2M	0.2%	HOLD
117	AZOAUTOZONE INC	458	$2M	0.2%	HOLD
118	DIDIYDIDI GLOBAL INC SPON	375,081	$2M	0.2%	TRIM −38%
119	HUBBHUBBELL INC	2,991	$1M	0.2%	HOLD
120	TMOTHERMO FISHER SCIENTIFIC INC	2,985	$1M	0.2%	TRIM −4%
121	HONHONEYWELL INTL INC	6,329	$1M	0.2%	TRIM −4%
122	CACICACI INTL INC	2,486	$1M	0.2%	HOLD
123	LLYELI LILLY & CO	1,428	$1M	0.2%	TRIM −5%
124	AMATAPPLIED MATLS INC	3,833	$1M	0.2%	TRIM −30%
125	AMDADVANCED MICRO DEVICES INC	6,167	$1M	0.2%	HOLD
126	NDAQNASDAQ INC	14,736	$1M	0.2%	TRIM −5%
127	GLOBGLOBANT S A	27,337	$1M	0.1%	ADD 9%
128	TTTRANE TECHNOLOGIES PLC	2,867	$1M	0.1%	HOLD
129	SYKSTRYKER CORPORATION	3,560	$1M	0.1%	HOLD
130	VLOVALERO ENERGY CORP	4,660	$1M	0.1%	HOLD
131	MARMARRIOTT INTL INC NEW	3,447	$1M	0.1%	HOLD
132	SNPSSYNOPSYS INC	2,785	$1M	0.1%	TRIM −4%
133	IVVISHARES TR	1,555	$1M	0.1%	HOLD
134	SPGIS&P GLOBAL INC	2,297	$977,006	0.1%	HOLD
135	CSLCARLISLE COS INC	2,824	$942,143	0.1%	HOLD
136	CRMSALESFORCE INC	4,980	$929,617	0.1%	HOLD
137	PLDPROLOGIS INC.	6,515	$861,153	0.1%	TRIM −3%
138	ICEINTERCONTINENTAL EXCHANGE IN	5,392	$848,054	0.1%	TRIM −9%
139	DHID R HORTON INC	6,067	$832,514	0.1%	HOLD
140	INTUINTUIT	1,883	$814,172	0.1%	HOLD
141	SCHWSCHWAB CHARLES CORP	8,313	$781,256	0.1%	HOLD
142	HDHOME DEPOT INC	2,362	$776,838	0.1%	HOLD
143	ADBEADOBE INC	3,162	$768,619	0.1%	HOLD
144	SZKMYSUZUKI MTR CORP FSPONSORED ADR 1 ADR REPS 4 ORD SHS	16,423	$732,969	0.1%	ADD 1642200%
145	NUNU HLDGS LTD	50,348	$729,039	0.1%	NEW
146	LOWLOWES COS INC	3,058	$722,544	0.1%	HOLD
147	LRCXLAM RESEARCH CORP	3,380	$722,171	0.1%	TRIM −17%
148	LAURLAUREATE EDUCATION INC	23,012	$692,533	0.1%	NEW
149	WPMWHEATON PRECIOUS METALS CORP	5,359	$677,652	0.1%	NEW
150	VSGXVANGUARD WORLD FD	9,209	$660,562	0.1%	TRIM −27%
151	TMETENCENT MUSIC ENTMT GROUP	65,608	$608,842	0.1%	TRIM −41%
152	SHWSHERWIN WILLIAMS CO	1,826	$585,324	0.1%	HOLD
153	STTSTATE STR CORP	4,597	$581,796	0.1%	HOLD
154	BSXBOSTON SCIENTIFIC CORP	9,136	$573,284	0.1%	TRIM −7%
155	ORCLORACLE CORP	3,871	$569,463	0.1%	HOLD
156	KEYSKEYSIGHT TECHNOLOGIES INC	1,949	$550,339	0.1%	HOLD
157	JMHLYJARDINE MATHESON HD-UNSP ADR	8,039	$545,735	0.1%	NEW
158	SBSWSIBANYE STILLWATER LTD	45,277	$544,234	0.1%	NEW
159	CWCURTISS WRIGHT CORP	770	$524,462	0.1%	HOLD
160	GWWWW GRAINGER INC	445	$485,410	0.1%	HOLD
161	DTEDTE ENERGY CO	3,235	$473,022	0.1%	HOLD
162	CORCENCORA INC	1,497	$470,268	0.1%	TRIM −9%
163	HLTHILTON WORLDWIDE HLDGS INC	1,525	$463,722	0.1%	HOLD
164	ACGLARCH CAP GROUP LTD	4,724	$453,457	0.1%	HOLD
165	ROSTROSS STORES INC	2,057	$445,608	0.1%	HOLD
166	BKRBAKER HUGHES COMPANY	7,099	$433,394	0.1%	HOLD
167	EXPEEXPEDIA GROUP INC	1,803	$416,295	0.1%	HOLD
168	AMPAMERIPRISE FINL INC	896	$398,182	0.0%	TRIM −67%
169	CMICUMMINS INC	740	$398,135	0.0%	TRIM −17%
170	AMEAMETEK INC	1,795	$384,776	0.0%	HOLD
171	FANGDIAMONDBACK ENERGY INC	1,905	$376,790	0.0%	HOLD
172	RFREGIONS FINANCIAL CORP NEW	14,411	$376,415	0.0%	HOLD
173	FITBFIFTH THIRD BANCORP	8,081	$375,443	0.0%	HOLD
174	AEEAMEREN CORP	3,394	$373,068	0.0%	HOLD
175	MSCIMSCI INC	686	$369,761	0.0%	HOLD
176	FTNTFORTINET INC	4,375	$357,525	0.0%	HOLD
177	MLMMARTIN MARIETTA MATLS INC	590	$347,321	0.0%	HOLD
178	LHLABCORP HOLDINGS INC	1,297	$346,053	0.0%	HOLD
179	RCLROYAL CARIBBEAN GROUP	1,234	$339,572	0.0%	HOLD
180	EGPEASTGROUP PPTYS INC	1,834	$339,455	0.0%	HOLD
181	TDYTELEDYNE TECHNOLOGIES INC	561	$339,411	0.0%	HOLD
182	FRFIRST INDL RLTY TR INC	5,862	$339,117	0.0%	HOLD
183	ANETARISTA NETWORKS INC	2,725	$334,575	0.0%	HOLD
184	DLRDIGITAL RLTY TR INC	1,818	$327,622	0.0%	TRIM −10%
185	FLSFLOWSERVE CORP	4,273	$314,108	0.0%	HOLD
186	CDNSCADENCE DESIGN SYSTEM INC	1,078	$299,544	0.0%	HOLD
187	COOCOOPER COS INC	3,943	$281,924	0.0%	HOLD
188	CHDCHURCH & DWIGHT CO INC	2,976	$277,720	0.0%	HOLD
189	VOOVANGUARD INDEX FDS	448	$267,702	0.0%	HOLD
190	RMDRESMED INC	1,171	$262,866	0.0%	HOLD
191	AVBAVALONBAY CMNTYS INC	1,586	$259,073	0.0%	HOLD
192	MSIMOTOROLA SOLUTIONS INC	596	$258,646	0.0%	HOLD
193	AIZASSURANT INC	1,180	$257,016	0.0%	HOLD
194	VRSKVERISK ANALYTICS INC	1,334	$253,126	0.0%	HOLD
195	DCIDONALDSON INC	2,960	$251,215	0.0%	HOLD
196	XLKSELECT SECTOR SPDR TR	1,800	$239,220	0.0%	TRIM −10%
197	XELXCEL ENERGY INC	2,949	$234,269	0.0%	NEW
198	STESTERIS PLC	1,017	$224,889	0.0%	HOLD
199	GSGOLDMAN SACHS GROUP INC	250	$211,497	0.0%	TRIM −41%
200	BXBLACKSTONE INC	1,766	$203,072	0.0%	TRIM −22%

showing the top 200 by weight

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

TSMTAIWAN SEMICONDUCTOR MFG LTD

169K

172K

197K

136K

133K

147K

$52M

JBSJBS N.V.

—

814K

1.2M

1.3M

1.7M

$30M

KBKB FINL GROUP INC

243K

244K

304K

220K

237K

$24M

ITUBITAU UNIBANCO HLDG S A

1.3M

1.9M

2.2M

2.1M

2.2M

2.4M

$20M

ENGIYENGIE S A FSPONSORED ADR 1 ADR REPS 1 ORD SHS

244K

315K

514K

518K

539K

615K

$20M

CCJCAMECO CORP

75K

120K

118K

124K

143K

$16M

GBOOYGRUPO FINANCIERO BANORTE ADR

225K

249K

286K

285K

287K

278K

$15M

SHGSHINHAN FINANCIAL GROUP CO L

194K

216K

218K

223K

242K

$15M

KOFCOCA-COLA FEMSA SAB DE CV

14K

53K

105K

138K

136K

150K

$15M

CXCEMEX SAB DE CV

800K

981K

997K

1.0M

1.1M

$13M

AXAHYAXA SA

130K

122K

172K

171K

176K

285K

$13M

SWSMURFIT WESTROCK PLC

—

40K

185K

188K

184K

315K

$13M

MARUYMARUBENI CORP ADR

16K

28K

44K

42K

43K

33K

$12M

LINLINDE PLC

12K

23K

$12M

DTEGYDEUTSCHE TELEKOM AG SPONSORED ADR

102K

92K

188K

263K

261K

312K

$11M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆Ramirez Asset Management, Inc.

Implied return what this book implies · modeled, not advice methodology →

Exposures · what this manager owns, by sector & size (2026-Q1)

By sector

By market cap

By region

By industry group GICS — finer than sector

Top holdings

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Contribution holdings-based, any period

Holdings· 349 positions (2026-Q1) · largest first · Δ vs 2025-Q4

Position trends· top 15 holdings · shares held over 6 quarters

Related· where to look next

Ramirez Asset Management, Inc.