Ramirez Asset Management, Inc.

SEC-registered Investment Adviser · Large ($10B–$100B) CRD 110637 · SEC file 801-69304 · New York, NY · www.linkedin.com

☆ Save with Pro ADV data as of Dec 18, 2025

Regulatory AUM: $12.3B
Discretionary: $12.3B
Clients: 677
Avg AUM / client: $18.1M
Accounts: 768
Employees: 48

AUM over time

$508M $12.3B

Feb 2012 Sep 2025

Annual snapshots from Form ADV filings · as of Dec 18, 2025

Asset allocation (SMA assets by investment type)

as of Dec 18, 2025

US government & agency bonds

$5.3B 43%

Investment-grade corporate bonds

$2.6B 21%

State & local bonds

$2.1B 17%

Other

$982M 8%

Exchange-traded equities

$736M 6%

Cash & equivalents

$613M 5%

Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.

Investments (13F portfolio — 349 positions, $831,730,531)

13F period Mar 31, 2026

#	Issuer	Class	Value	Shares	% of 13F	% of AUM
1	Taiwan Semiconductor Mfg Adr	ADR	$51,683,000	146,661	6.21%	0.42%
2	Jbs N.V. Com Shs Cl A	CL A SHS	$29,592,785	1,673,913	3.56%	0.24%
3	Kb Financial Group Inc Adr	ADR	$24,013,558	236,513	2.89%	0.2%
4	Itau Unibanco Hldg Pref Adr	ADR	$19,828,339	2,355,376	2.38%	0.16%
5	Engie Sa Adr	ADR	$19,672,481	615,291	2.37%	0.16%
6	Cameco Corp	COM	$15,619,288	142,851	1.88%	0.13%
7	Grupo Financiero Banorte S A B	ADR	$15,279,622	277,976	1.84%	0.12%
8	Shinhan Financial Group Adr	ADR	$15,223,970	241,867	1.83%	0.12%
9	Coca Cola Femsa Sab De Cv Adr	ADR	$14,688,934	149,595	1.77%	0.12%
10	Cemex Sa Adr	ADR	$12,977,400	1,116,758	1.56%	0.11%
11	Axa Adr	ADR	$12,923,195	285,076	1.55%	0.11%
12	Smurfit Westrock Plc	COM	$12,545,172	315,203	1.51%	0.1%
13	Marubeni Corp Adr	ADR	$11,524,290	32,532	1.39%	0.09%
14	Linde Plc	ADR	$11,521,859	23,230	1.39%	0.09%
15	Deutsche Telekom Ag Adr	ADR	$11,423,572	312,223	1.37%	0.09%
16	Pt Telekom Indonesia Adr	ADR	$11,167,601	603,767	1.34%	0.09%
17	Ase Technology Holding Co Ads	ADS	$10,707,672	447,333	1.29%	0.09%
18	Tencent Hldgs Ltd Adr	ADR	$10,297,313	167,713	1.24%	0.08%
19	Rheinmetall Ag Adr	ADR	$10,180,723	30,667	1.22%	0.08%
20	Mizuho Financial Group Inc Sp	ADR	$10,109,864	1,267,938	1.22%	0.08%
21	Suzano Sa Ads	ADR	$8,992,751	924,318	1.08%	0.07%
22	Grab Holdings Limited Class A	CLASS A ORD	$8,926,858	2,424,354	1.07%	0.07%
23	Standard Chartered Plc Ads	ADR	$8,813,836	212,220	1.06%	0.07%
24	Veolia Environment Adr	ADR	$8,802,682	465,524	1.06%	0.07%
25	Coupang Inc Cl A	ADR	$8,742,347	459,096	1.05%	0.07%

Top 25 of 349 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).

Who they serve

Client type	Clients	AUM	% of AUM
Individuals (non-high net worth)	442	$127M	1.03%
High net worth individuals	43	$70.7M	0.58%
Pooled investment vehicles (non-investment companies)	8	$459M	3.74%
Pension and profit sharing plans	29	$1.2B	9.93%
Charitable organizations	73	$1.8B	14.9%
State or municipal government entities	17	$4.7B	38.0%
Other investment advisers	2	$293M	2.39%
Insurance companies	9	$782M	6.37%
Corporations and other businesses	48	$2.5B	20.6%
Other	6	$309M	2.52%

Retirement plan clients

Plans that reported this firm as an investment service provider on Form 5500 Schedule C.

Plan	Location	Plan year
Dow Employees' Pension Plan The Dow Chemical Company		2024
Nfl Player Annuity Program Annuity Board Of The Nfl Player Annuity Program		2024
Joint Pension Fund Local Union Ibew Joint Pension Fund Local Union 164 Ibew		2024

People (5)

roster as of Jul 20, 2026

Name	Role / title	With firm since	Ownership
Ramirez, Samuel, Alfred	Shareholder	Apr 1998 (28y)	≈ 37.5% – 75% via Sar Holdings, Inc.
Samuel Alfred Ramirez, Jr.	President/Ceo	Nov 2009 (17y)	≈ 18.75% – 50% via Sar Holdings, Inc.
Sigismondi, Peter, Thomas	Chief Compliance Officer	Jul 2012 (14y)	Less than 5%
Fernando Vinas Miranda	Registered representative	Feb 2011 (15y)
Bryan Alan Oesterreicher	Registered representative	Feb 2012 (14y)

Entity owners (Schedule A/B)

Entity	Title / status	Since	Sch.	Ownership
Sar Holdings, Inc.	Parent Company	Apr 1998	A	75% or more

Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.

Estimated effective ownership (look-through of filed bands):

Ramirez, Samuel, Alfred: 50% – 75% of Sar Holdings, Inc. × 75% – 100% direct ≈ 37.5% – 75% of the firm
Samuel Alfred Ramirez, Jr.: 25% – 50% of Sar Holdings, Inc. × 75% – 100% direct ≈ 18.75% – 50% of the firm

Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.

Retirement plans served (3)

Plan	Sponsor	Participants	Plan assets	As of
Dow Employees' Pension Plan	The Dow Chemical Company	6,414	$10.9B	01/01/2024
Nfl Player Annuity Program	Annuity Board Of The Nfl Player Annuity Program	2,790	$2.0B	01/01/2024
Joint Pension Fund Local Union Ibew	Joint Pension Fund Local Union 164 Ibew	1,746	$599M	01/01/2024

From Form 5500 service-provider disclosures.

Documents (1 archived)

Form	Period	Size
Form ADV (full filing)	12/18/2025	2.29 MB	View · PDF · Source ↗

Archived copies of the firm's regulatory filings, versioned by content hash.

Disciplinary disclosures

No disciplinary events reported on the firm's latest Form ADV filing.

How they charge

• Percentage of assets under management

Services

• Portfolio management for individuals/small businesses
• Portfolio management for pooled investment vehicles
• Portfolio management for businesses/institutional clients

Custody

Reported custodians

BNY Mellon $3.4B (28% of AUM) Dec 2025
Northern Trust $2.5B (21% of AUM) Dec 2025
U.S. Bank $2.4B (19% of AUM) Dec 2025
State Street $1.2B (10% of AUM) Dec 2025

Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).

Firm reports having custody of client funds or securities (Item 9.A).

Source

All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Dec 18, 2025.

View current Form ADV (SEC/IAPD) ↗