Cheviot Value Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 6, 2026), Cheviot Value Management, LLC reported 441 stock positions worth $984.0 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 12.1% of the portfolio, followed by iShares 0-3 Month Treasury B (SGOV, 10.3%) and Agnico Eagle Mines (AEM, 6.5%). Compared with Q1 2026, it opened 24 new positions, sold out of 8, added to 70 and reduced 76. The biggest buy was Visa Class A (V, shares +3%) and the biggest sale Agnico Eagle Mines (AEM, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- BEVERLY HILLS, CA
- CIK
- 0001427147
- Portfolio Value
- $984.0M (Q2 2026)
- SEC Filing
- 0001140361-26-031662 ↗ filed Aug 6, 2026
Holdings Value
Holdings 441 stocks · $984.0M
| BRK.B Berkshire Hathaway Inc. Class B | 12.09% | 237,670 | $118.9M | Reduce 0.0% |
| SGOV iShares 0-3 Month Treasury B | 10.26% | 1,002,516 | $100.9M | Reduce -6.1% |
| AEM Agnico Eagle Mines Ltd. | 6.46% | 409,761 | $63.6M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 5.77% | 158,980 | $56.8M | Reduce -4.4% |
| TOTL SS Doubleline TR Tact ETF | 5.49% | 1,368,052 | $54.0M | Reduce -0.8% |
| JNJ Johnson & Johnson | 3.99% | 154,695 | $39.3M | Reduce -2.9% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 3.59% | 323,920 | $35.3M | Reduce -2.4% |
| TDTF NT Iboxx 5Y Dur Tips ETF | 3.32% | 1,372,859 | $32.6M | Add +0.8% |
| V Visa Inc. Class A | 2.80% | 80,407 | $27.6M | Add +2.8% |
| META Meta Platforms Inc. Class A | 2.51% | 43,818 | $24.7M | Add +8.2% |
| CEF Sprott Physical Gold and Sil | 2.32% | 567,160 | $22.8M | Reduce -1.2% |
| UL Unilever PLC-Sponsored ADR | 2.25% | 367,496 | $22.1M | Add +10.7% |
| MRK Merck & Co. Inc. | 2.23% | 171,084 | $22.0M | Reduce -0.2% |
| MSFT Microsoft Corp. | 2.19% | 57,787 | $21.6M | Add +0.1% |
| NEM Newmont Corp. | 2.07% | 218,434 | $20.4M | Reduce -2.0% |
| AMZN Amazon.com Inc. | 1.98% | 81,721 | $19.5M | Add +1.3% |
| XOM Exxonmobil Holdings Corp. | 1.73% | 124,616 | $17.0M | Reduce -0.9% |
| MKL Markel Group Inc. | 1.58% | 7,971 | $15.6M | Add +14.6% |
| CMCSA Comcast Corp. Class A | 1.56% | 627,143 | $15.4M | Add +6.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.52% | 20 | $15.0M | No change |
| PFE Pfizer Inc. | 1.50% | 612,610 | $14.8M | Add +0.3% |
| CVX Chevron Corp. | 1.39% | 82,362 | $13.7M | Reduce -0.7% |
| COP Conocophillips | 1.26% | 119,603 | $12.4M | Reduce -0.8% |
| B Barrick Mining Corp. | 1.15% | 308,875 | $11.3M | Reduce -3.2% |
| AAPL Apple Inc. | 1.01% | 34,484 | $10.0M | Reduce -0.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.90% | 11,987 | $8.8M | Reduce -0.7% |
| ABBV Abbvie Inc. | 0.71% | 27,894 | $7.0M | Reduce -0.7% |
| DEM Wisdomtree Emerging Markets | 0.70% | 127,512 | $6.9M | Add +0.1% |
| AGI Alamos Gold Inc. Class A | 0.67% | 217,351 | $6.6M | Add +3.3% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.63% | 298,110 | $6.2M | Reduce -0.7% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.63% | 244,851 | $6.2M | Reduce -2.6% |
| PAAS Pan American Silver Corp. | 0.59% | 130,025 | $5.8M | Reduce -1.5% |
| OAKM Oakmark US Large Cap ETF | 0.55% | 192,975 | $5.4M | Add +12.8% |
| SCHO Schwab Short-Term US Treas | 0.52% | 213,107 | $5.1M | Add +60.7% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.52% | 129,249 | $5.1M | Reduce -1.4% |
| OXY Occidental Petroleum Corp. | 0.48% | 96,617 | $4.7M | Reduce -3.0% |
| GDX Vaneck Gold Miners ETF | 0.44% | 57,130 | $4.3M | Reduce -0.3% |
| CVS CVS Health Corp. | 0.44% | 41,597 | $4.3M | Reduce -1.8% |
| SNDK Sandisk Corp. | 0.39% | 1,694 | $3.9M | Reduce -3.3% |
| AMAT Applied Materials Inc. | 0.38% | 5,136 | $3.7M | Reduce -0.5% |
| PSX Phillips 66 | 0.38% | 21,875 | $3.7M | Reduce -2.1% |
| AGG iShares Core U.S. Aggregate | 0.36% | 35,825 | $3.5M | Add +2.5% |
| VOO Vanguard S&P 500 ETF | 0.36% | 5,159 | $3.5M | Add +1.6% |
| LBRDK Liberty Broadband-C | 0.33% | 98,593 | $3.3M | Reduce -22.2% |
| GOVT iShares US Treasury Bond ETF | 0.33% | 142,817 | $3.3M | Add +14.2% |
| NVDA Nvidia Corp. | 0.29% | 14,096 | $2.8M | Add +2.8% |
| PID Invesco International Divide | 0.28% | 122,502 | $2.7M | Add +0.4% |
| WDC Western Digital Corp. | 0.28% | 4,240 | $2.7M | Reduce -1.7% |
| JPM JPMorgan Chase & Co. | 0.28% | 8,273 | $2.7M | Add +1.2% |
| SMH Vaneck Semiconductor ETF | 0.26% | 3,850 | $2.5M | Reduce -6.1% |
| BSV Vanguard Short-Term Bond ETF | 0.20% | 25,671 | $2.0M | Reduce -0.9% |
| PM Philip Morris International | 0.18% | 9,566 | $1.7M | Add +0.0% |
| GOOG Alphabet Inc. Class C | 0.17% | 4,786 | $1.7M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.16% | 1,718 | $1.6M | Add +1.7% |
| GLW Corning Inc. | 0.16% | 6,164 | $1.6M | Reduce -1.6% |
| URNM Sprott Uranium Miners ETF | 0.15% | 27,330 | $1.4M | No change |
| AMGN Amgen Inc. | 0.14% | 3,892 | $1.4M | Add +3.5% |
| VZ Verizon Communications Inc. | 0.14% | 32,978 | $1.4M | Reduce -0.9% |
| ABT Abbott Laboratories | 0.13% | 13,605 | $1.2M | Reduce -0.0% |
| INTC Intel Corp. | 0.12% | 8,259 | $1.2M | Reduce -0.7% |
| XBI SS SPDR S&P Biotech ETF | 0.12% | 7,200 | $1.1M | Add +1.4% |
| MS Morgan Stanley | 0.10% | 4,750 | $993K | Add +4.4% |
| MCD McDonald's Corp. | 0.09% | 3,343 | $904K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.09% | 1,158 | $864K | Reduce -31.9% |
| CDNS Cadence Design SYS Inc. | 0.09% | 2,277 | $855K | Reduce -0.4% |
| CAH Cardinal Health Inc. | 0.09% | 3,550 | $843K | Reduce -13.4% |
| TSLA Tesla Inc. | 0.09% | 2,005 | $843K | No change |
| VUSB Vanguard Ultra Short Bond Et | 0.09% | 16,805 | $837K | No change |
| ITA iShares U.S. Aerospace & Def | 0.09% | 3,449 | $836K | Add +30.2% |
| BAC Bank of America Corp. | 0.08% | 13,932 | $794K | Reduce -1.0% |
| MICC The Magnum Ice Cream Co. NV | 0.08% | 44,016 | $766K | Reduce -38.3% |
| DVN Devon Energy Corp. | 0.08% | 18,051 | $746K | Reduce -17.6% |
| SPCX Space Exploration Techn Class A | 0.07% | 4,265 | $729K | New |
| LLY Eli Lilly & Co. | 0.07% | 581 | $697K | No change |
| SPG Simon Property Group Inc. | 0.07% | 3,065 | $685K | No change |
| WFC Wells Fargo & Co. | 0.07% | 7,950 | $657K | Reduce -16.3% |
| QCOM Qualcomm Inc. | 0.07% | 3,480 | $643K | Add +3.0% |
| CAT Caterpillar Inc. | 0.06% | 583 | $621K | Reduce -1.7% |
| SNPS Synopsys Inc. | 0.06% | 1,377 | $614K | Reduce -0.4% |
| MMM 3M Co. | 0.06% | 3,785 | $613K | Reduce -16.1% |
| RTX RTX Corp. | 0.06% | 3,217 | $610K | Add +0.1% |
| CSCO Cisco Systems Inc. | 0.06% | 5,029 | $591K | Add +8.6% |
| MO Altria Group Inc. | 0.06% | 8,015 | $577K | Add +0.1% |
| MA Mastercard Inc. Class A | 0.06% | 1,103 | $567K | No change |
| TXN Texas Instruments Inc. | 0.06% | 1,896 | $565K | Reduce -1.0% |
| HD Home Depot Inc. | 0.06% | 1,600 | $564K | Add +18.5% |
| VT Vanguard Tot World STK ETF | 0.06% | 3,571 | $560K | No change |
| GS Goldman Sachs Group Inc. | 0.05% | 533 | $539K | No change |
| MDT Medtronic PLC | 0.05% | 6,883 | $538K | Reduce -5.1% |
| MU Micron Technology Inc. | 0.05% | 460 | $531K | Add +100.0% |
| TGT Target Corp. | 0.05% | 3,941 | $515K | Add +1.3% |
| ORCL Oracle Corp. | 0.05% | 3,504 | $513K | No change |
| COR Cencora Inc. | 0.05% | 1,778 | $503K | Reduce -0.6% |
| NSC Norfolk Southern Corp. | 0.05% | 1,535 | $483K | No change |
| F Ford Motor Co. filed as FORD MTR CO | 0.05% | 32,595 | $453K | No change |
| VGT Vanguard Info Tech ETF | 0.04% | 3,688 | $441K | No change |
| BTI British American Tob-SP ADR | 0.04% | 7,095 | $438K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.04% | 5,082 | $438K | No change |
| RGA Reinsurance Group of America | 0.04% | 2,050 | $436K | No change |
| ROST Ross Stores Inc. | 0.04% | 2,000 | $426K | No change |
Lines left out (1) · $3 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| BITO Proshares Bitcoin ETF-Usd | BITCOIN ETF | 0 | $3 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $984.0M.
Portfolio Sells Q1 2026 → Q2 2026
| AEM Agnico Eagle Mines Ltd. | Reduce -0.3% | 6.46% | −1.92 |
| SGOV iShares 0-3 Month Treasury B | Reduce -6.1% | 10.26% | −0.54 |
| CEF Sprott Physical Gold and Sil | Reduce -1.2% | 2.32% | −0.43 |
| XOM Exxonmobil Holdings Corp. | Reduce -0.9% | 1.73% | −0.41 |
| NEM Newmont Corp. | Reduce -2.0% | 2.07% | −0.35 |
| CVX Chevron Corp. | Reduce -0.7% | 1.39% | −0.34 |
| COP Conocophillips | Reduce -0.8% | 1.26% | −0.33 |
| LBRDK Liberty Broadband-C | Reduce -22.2% | 0.33% | −0.31 |
| OXY Occidental Petroleum Corp. | Reduce -3.0% | 0.48% | −0.17 |
| B Barrick Mining Corp. | Reduce -3.2% | 1.15% | −0.15 |
| PAAS Pan American Silver Corp. | Reduce -1.5% | 0.59% | −0.13 |
| GDX Vaneck Gold Miners ETF | Reduce -0.3% | 0.44% | −0.09 |
| GLIBK Liberty Capital Corp. Class C | Reduce -45.4% | 0.03% | −0.06 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -2.4% | 3.59% | −0.04 |
| DVN Devon Energy Corp. | Reduce -17.6% | 0.08% | −0.03 |
| PSX Phillips 66 | Reduce -2.1% | 0.38% | −0.03 |
| MICC The Magnum Ice Cream Co. NV | Reduce -38.3% | 0.08% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -0.9% | 0.14% | −0.03 |
| VSNT Versant Media Group Inc. | Reduce -37.3% | 0.04% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -31.9% | 0.09% | −0.02 |
| TOTL SS Doubleline TR Tact ETF | Reduce -0.8% | 5.49% | −0.02 |
| ABT Abbott Laboratories | Reduce -0.0% | 0.13% | −0.01 |
| IBDT iShares Ibonds Dec 2028 ETF | Reduce -2.6% | 0.63% | −0.01 |
| NKE Nike Inc. Class B | Reduce -42.2% | 0.01% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -16.3% | 0.07% | −0.01 |
| CDE Coeur Mining Inc. | Reduce -58.9% | 0.00% | −0.01 |
| MDT Medtronic PLC | Reduce -5.1% | 0.05% | −0.01 |
| DIS The Walt Disney Co. | Reduce -17.9% | 0.04% | −0.01 |
| COR Cencora Inc. | Reduce -0.6% | 0.05% | −0.01 |
| FISV Fiserv Inc. | Reduce -2.0% | 0.03% | −0.00 |
| VDE Vanguard Energy ETF | Reduce -33.1% | 0.01% | −0.00 |
| GLD SPDR Gold Shares | Reduce -8.5% | 0.01% | −0.00 |
| MMM 3M Co. | Reduce -16.1% | 0.06% | −0.00 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -9.7% | 0.03% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -31.4% | 0.00% | −0.00 |
| MUC BlackRock Munihold Ca QLTY | Sold out | 0.00% | −0.00 |
| NXPI NXP Semiconductors NV | Reduce -81.7% | 0.00% | −0.00 |
| PEP Pepsico Inc. | Reduce -15.9% | 0.00% | −0.00 |
| CAH Cardinal Health Inc. | Reduce -13.4% | 0.09% | −0.00 |
| WHR Whirlpool Corp. | Reduce -9.1% | 0.00% | −0.00 |
| WY Weyerhaeuser Co. | Reduce -9.8% | 0.01% | −0.00 |
| GM General Motors Co. | Sold out | 0.00% | −0.00 |
| BSV Vanguard Short-Term Bond ETF | Reduce -0.9% | 0.20% | −0.00 |
| DAL Delta Air Lines Inc. | Reduce -50.0% | 0.00% | −0.00 |
| FINX Global X Fintech ETF | Reduce -61.5% | 0.00% | −0.00 |
| GNPX Genprex Inc. | Sold out | 0.00% | −0.00 |
| SOLS Solstice Adv Materials Inc. | Reduce -28.4% | 0.00% | −0.00 |
| VLTO Veralto Corp. | Reduce -21.8% | 0.00% | −0.00 |
| CI The Cigna Group | Sold out | 0.00% | −0.00 |
| FLO Flowers Foods Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| V Visa Inc. Class A | Add +2.8% | 2.80% | +0.43 |
| UL Unilever PLC-Sponsored ADR | Add +10.7% | 2.25% | +0.35 |
| AMZN Amazon.com Inc. | Add +1.3% | 1.98% | +0.29 |
| MKL Markel Group Inc. | Add +14.6% | 1.58% | +0.24 |
| SCHO Schwab Short-Term US Treas | Add +60.7% | 0.52% | +0.20 |
| META Meta Platforms Inc. Class A | Add +8.2% | 2.51% | +0.18 |
| OAKM Oakmark US Large Cap ETF | Add +12.8% | 0.55% | +0.08 |
| SPCX Space Exploration Techn Class A | New | 0.07% | +0.07 |
| DEM Wisdomtree Emerging Markets | Add +0.1% | 0.70% | +0.06 |
| VOO Vanguard S&P 500 ETF | Add +1.6% | 0.36% | +0.06 |
| NVDA Nvidia Corp. | Add +2.8% | 0.29% | +0.05 |
| MU Micron Technology Inc. | Add +100.0% | 0.05% | +0.05 |
| MSFT Microsoft Corp. | Add +0.1% | 2.19% | +0.04 |
| GOVT iShares US Treasury Bond ETF | Add +14.2% | 0.33% | +0.04 |
| OMC Omnicom Group | New | 0.03% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +1.2% | 0.28% | +0.03 |
| ITA iShares U.S. Aerospace & Def | Add +30.2% | 0.09% | +0.03 |
| MS Morgan Stanley | Add +4.4% | 0.10% | +0.03 |
| XBI SS SPDR S&P Biotech ETF | Add +1.4% | 0.12% | +0.02 |
| CSCO Cisco Systems Inc. | Add +8.6% | 0.06% | +0.02 |
| QCOM Qualcomm Inc. | Add +3.0% | 0.07% | +0.02 |
| PM Philip Morris International | Add +0.0% | 0.18% | +0.02 |
| TDTF NT Iboxx 5Y Dur Tips ETF | Add +0.8% | 3.32% | +0.02 |
| HD Home Depot Inc. | Add +18.5% | 0.06% | +0.01 |
| NOW ServiceNow Inc. | Add +262.1% | 0.02% | +0.01 |
| AGG iShares Core U.S. Aggregate | Add +2.5% | 0.36% | +0.01 |
| AMGN Amgen Inc. | Add +3.5% | 0.14% | +0.01 |
| DELL Dell Technologies -C | Add +0.3% | 0.01% | +0.01 |
| BA The Boeing Co. | Add +7.9% | 0.04% | +0.01 |
| MO Altria Group Inc. | Add +0.1% | 0.06% | +0.01 |
| BLDR Builders Firstsource Inc. | Add +10.6% | 0.03% | +0.01 |
| TGT Target Corp. | Add +1.3% | 0.05% | +0.00 |
| BUG Global X Cybersecurity ETF | Add +38.2% | 0.01% | +0.00 |
| IGV iShares Expanded Tech-Softwa | Add +19.4% | 0.02% | +0.00 |
| GCOW Pacer Global Cash Cows Divid | New | 0.00% | +0.00 |
| LNT Alliant Energy Corp. | New | 0.00% | +0.00 |
| PID Invesco International Divide | Add +0.4% | 0.28% | +0.00 |
| GVA Granite Construction Inc. | Add +0.1% | 0.01% | +0.00 |
| TJX TJX Companies Inc. | Add +18.8% | 0.03% | +0.00 |
| WPC WP Carey Inc. | Add +65.8% | 0.01% | +0.00 |
| AVGO Broadcom Inc. | Add +33.3% | 0.01% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.3% | 0.02% | +0.00 |
| AA Alcoa Corp. | New | 0.00% | +0.00 |
| OKE Oneok Inc. | Add +64.8% | 0.01% | +0.00 |
| FDS Factset Research Systems Inc. | Add +196.1% | 0.00% | +0.00 |
| MDLZ Mondelez International Inc. Class A | New | 0.00% | +0.00 |
| UVV Universal Corp. | New | 0.00% | +0.00 |
| MOAT Vaneck Morningstar Wide Moat | Add +2.6% | 0.02% | +0.00 |
| BLK BlackRock Inc. | Add +60.6% | 0.01% | +0.00 |
| SPGI S&P Global Inc. | Add +96.2% | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 441 | $984.0M | BRK.B, SGOV, AEM, GOOGL, TOTL |
| Q1 2026 | 424 | $995.6M | BRK.B, SGOV, AEM, TOTL, GOOGL |
| Q4 2025 | 414 | $1.0B | BRK.B, SGOV, AEM, GOOGL, TOTL |
| Q3 2025 | 442 | $940.2M | BRK.B, SGOV, AEM, GOOGL, TOTL |
| Q2 2025 | 431 | $872.3M | BRK.B, SGOV, AEM, GOOGL, TOTL |
| Q1 2025 | 453 | $813.1M | BRK.B, SGOV, AEM, TOTL, GOOGL |
| Q4 2024 | 70 | $521.6M | BRK.B, GOOGL, AEM, META, JNJ |
| Q3 2024 | 67 | $530.1M | BRK.B, AEM, GOOGL, JNJ, MSFT |
| Q2 2024 | 69 | $511.3M | BRK.B, GOOGL, AEM, MSFT, JNJ |
| Q1 2024 | 62 | $455.6M | BRK.B, GOOGL, AEM, MSFT, JNJ |