RAMIREZ ASSET MANAGEMENT, INC.

PrivateCIK: 1992110

Location

NEW YORK, NY

349

Positions

$831.73M

Total AUM (reported)

25.46M

Total Shares

Allocation by class

ADR$463.60M55.7%

COM$233.22M28.0%

SPONS ADR$40.68M4.9%

CL A SHS$29.59M3.6%

ADS$22.65M2.7%

ETF$11.30M1.4%

CLASS A ORD$8.93M1.1%

Portfolio Concentration

Top 3$105.29M12.7%

4–10$113.29M13.6%

11–25$156.68M18.8%

Rest$456.47M54.9%

Top 3 weight

12.7%

Top 10 weight

26.3%

Voting Authority Distribution

Total shares with voting rights: 25.46M

Sole

Full voting authority

21.40M

% of voting shares84.1%

Shared

Joint voting authority

359.49K

% of voting shares1.4%

None

No voting authority

3.70M

% of voting shares14.5%

Investment Discretion (by position count)

Sole349

Shared0

Other0

Dominant voting typeSole · 84.1% of voting shares

Institutional Holdings349

Rows:

TAIWAN SEMICONDUCTOR MFG ADR

SOLE

ADR

Shares146.66K

TypeSH

Market value$51.68M

6.21%

Sole

108.36K

Shared

1.24K

None

37.07K

JBS N.V. COM SHS CL A

SOLE

CL A SHS

Shares1.67M

TypeSH

Market value$29.59M

3.56%

Sole

1.39M

Shared

23.25K

None

258.99K

KB Financial Group Inc ADR

SOLE

ADR

Shares236.51K

TypeSH

Market value$24.01M

2.89%

Sole

195.74K

Shared

2.48K

None

38.29K

ITAU UNIBANCO HLDG PREF ADR

SOLE

ADR

Shares2.36M

TypeSH

Market value$19.83M

2.38%

Sole

2.01M

Shared

41.44K

None

302.39K

Engie SA ADR

SOLE

ADR

Shares615.29K

TypeSH

Market value$19.67M

2.37%

Sole

568.18K

Shared

13.08K

None

34.02K

Cameco Corp

SOLE

COM

Shares142.85K

TypeSH

Market value$15.62M

1.88%

Sole

129.76K

Shared

3.96K

None

9.14K

Grupo Financiero Banorte S A B

SOLE

ADR

Shares277.98K

TypeSH

Market value$15.28M

1.84%

Sole

255.83K

Shared

5.20K

None

16.95K

SHINHAN FINANCIAL GROUP ADR

SOLE

ADR

Shares241.87K

TypeSH

Market value$15.22M

1.83%

Sole

184.39K

Shared

3.55K

None

53.93K

COCA COLA FEMSA SAB DE CV ADR

SOLE

ADR

Shares149.59K

TypeSH

Market value$14.69M

1.77%

Sole

123.34K

Shared

1.66K

None

24.59K

CEMEX SA ADR

SOLE

ADR

Shares1.12M

TypeSH

Market value$12.98M

1.56%

Sole

856.78K

Shared

17.17K

None

242.81K

AXA ADR

SOLE

ADR

Shares285.08K

TypeSH

Market value$12.92M

1.55%

Sole

264.15K

Shared

5.92K

None

15.01K

Smurfit Westrock Plc

SOLE

COM

Shares315.20K

TypeSH

Market value$12.55M

1.51%

Sole

297.40K

Shared

4.50K

None

13.30K

Marubeni Corp ADR

SOLE

ADR

Shares32.53K

TypeSH

Market value$11.52M

1.39%

Sole

30.73K

Shared

511.00

None

1.29K

Linde plc

SOLE

ADR

Shares23.23K

TypeSH

Market value$11.52M

1.39%

Sole

21.56K

Shared

465.00

None

1.20K

DEUTSCHE TELEKOM AG ADR

SOLE

ADR

Shares312.22K

TypeSH

Market value$11.42M

1.37%

Sole

285.44K

Shared

7.47K

None

19.31K

PT TELEKOM INDONESIA ADR

SOLE

ADR

Shares603.77K

TypeSH

Market value$11.17M

1.34%

Sole

527.08K

Shared

9.56K

None

67.13K

ASE TECHNOLOGY HOLDING CO ADS

SOLE

ADS

Shares447.33K

TypeSH

Market value$10.71M

1.29%

Sole

343.58K

Shared

0.00

None

103.75K

TENCENT HLDGS LTD ADR

SOLE

ADR

Shares167.71K

TypeSH

Market value$10.30M

1.24%

Sole

89.01K

Shared

0.00

None

78.71K

RHEINMETALL AG ADR

SOLE

ADR

Shares30.67K

TypeSH

Market value$10.18M

1.22%

Sole

27.51K

Shared

877.00

None

2.28K

Mizuho Financial Group Inc Sp

SOLE

ADR

Shares1.27M

TypeSH

Market value$10.11M

1.22%

Sole

1.16M

Shared

30.61K

None

79.08K

Suzano SA ADS

SOLE

ADR

Shares924.32K

TypeSH

Market value$8.99M

1.08%

Sole

682.90K

Shared

9.14K

None

232.28K

GRAB HOLDINGS LIMITED CLASS A

SOLE

CLASS A ORD

Shares2.42M

TypeSH

Market value$8.93M

1.07%

Sole

2.02M

Shared

44.35K

None

357.36K

STANDARD CHARTERED PLC ADS

SOLE

ADR

Shares212.22K

TypeSH

Market value$8.81M

1.06%

Sole

193.15K

Shared

5.12K

None

13.95K

VEOLIA ENVIRONMENT ADR

SOLE

ADR

Shares465.52K

TypeSH

Market value$8.80M

1.06%

Sole

430.75K

Shared

10.43K

None

24.35K

Coupang Inc Cl A

SOLE

ADR

Shares459.10K

TypeSH

Market value$8.74M

1.05%

Sole

379.21K

Shared

8.10K

None

71.78K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
TAIWAN SEMICONDUCTOR MFG ADRSOLE	ADR	146.66K	SH	$51.68M 6.21%	108.36K	1.24K	37.07K
JBS N.V. COM SHS CL ASOLE	CL A SHS	1.67M	SH	$29.59M 3.56%	1.39M	23.25K	258.99K
KB Financial Group Inc ADRSOLE	ADR	236.51K	SH	$24.01M 2.89%	195.74K	2.48K	38.29K
ITAU UNIBANCO HLDG PREF ADRSOLE	ADR	2.36M	SH	$19.83M 2.38%	2.01M	41.44K	302.39K
Engie SA ADRSOLE	ADR	615.29K	SH	$19.67M 2.37%	568.18K	13.08K	34.02K
Cameco CorpSOLE	COM	142.85K	SH	$15.62M 1.88%	129.76K	3.96K	9.14K
Grupo Financiero Banorte S A BSOLE	ADR	277.98K	SH	$15.28M 1.84%	255.83K	5.20K	16.95K
SHINHAN FINANCIAL GROUP ADRSOLE	ADR	241.87K	SH	$15.22M 1.83%	184.39K	3.55K	53.93K
COCA COLA FEMSA SAB DE CV ADRSOLE	ADR	149.59K	SH	$14.69M 1.77%	123.34K	1.66K	24.59K
CEMEX SA ADRSOLE	ADR	1.12M	SH	$12.98M 1.56%	856.78K	17.17K	242.81K
AXA ADRSOLE	ADR	285.08K	SH	$12.92M 1.55%	264.15K	5.92K	15.01K
Smurfit Westrock PlcSOLE	COM	315.20K	SH	$12.55M 1.51%	297.40K	4.50K	13.30K
Marubeni Corp ADRSOLE	ADR	32.53K	SH	$11.52M 1.39%	30.73K	511.00	1.29K
Linde plcSOLE	ADR	23.23K	SH	$11.52M 1.39%	21.56K	465.00	1.20K
DEUTSCHE TELEKOM AG ADRSOLE	ADR	312.22K	SH	$11.42M 1.37%	285.44K	7.47K	19.31K
PT TELEKOM INDONESIA ADRSOLE	ADR	603.77K	SH	$11.17M 1.34%	527.08K	9.56K	67.13K
ASE TECHNOLOGY HOLDING CO ADSSOLE	ADS	447.33K	SH	$10.71M 1.29%	343.58K	0.00	103.75K
TENCENT HLDGS LTD ADRSOLE	ADR	167.71K	SH	$10.30M 1.24%	89.01K	0.00	78.71K
RHEINMETALL AG ADRSOLE	ADR	30.67K	SH	$10.18M 1.22%	27.51K	877.00	2.28K
Mizuho Financial Group Inc SpSOLE	ADR	1.27M	SH	$10.11M 1.22%	1.16M	30.61K	79.08K
Suzano SA ADSSOLE	ADR	924.32K	SH	$8.99M 1.08%	682.90K	9.14K	232.28K
GRAB HOLDINGS LIMITED CLASS ASOLE	CLASS A ORD	2.42M	SH	$8.93M 1.07%	2.02M	44.35K	357.36K
STANDARD CHARTERED PLC ADSSOLE	ADR	212.22K	SH	$8.81M 1.06%	193.15K	5.12K	13.95K
VEOLIA ENVIRONMENT ADRSOLE	ADR	465.52K	SH	$8.80M 1.06%	430.75K	10.43K	24.35K
Coupang Inc Cl ASOLE	ADR	459.10K	SH	$8.74M 1.05%	379.21K	8.10K	71.78K

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