Cheviot Value Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Cheviot Value Management, LLC reported 69 stock positions worth $511.3 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 19.9% of the portfolio, followed by Alphabet Class A (GOOGL, 7.3%) and Agnico Eagle Mines (AEM, 6.1%). Compared with Q1 2024, it opened 9 new positions, sold out of 2, added to 18 and reduced 26. The biggest buy was a new position in Exxon Mobil (XOM) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BEVERLY HILLS, CA
- CIK
- 0001427147
- Portfolio Value
- $511.3M (Q2 2024)
- SEC Filing
- 0001140361-24-037257 ↗ filed Aug 14, 2024
Holdings Value
Holdings 69 stocks · $511.3M
| BRK.B Berkshire Hathaway Inc. Class B | 19.94% | 250,654 | $102.0M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 7.33% | 205,837 | $37.5M | Reduce -1.9% |
| AEM Agnico Eagle Mines Ltd. | 6.13% | 478,918 | $31.3M | Reduce -1.4% |
| MSFT Microsoft Corp. | 4.95% | 56,616 | $25.3M | Reduce -1.5% |
| JNJ Johnson & Johnson | 4.14% | 144,825 | $21.2M | Add +9.4% |
| META Meta Platforms Inc. Class A | 4.13% | 41,908 | $21.1M | Reduce -2.1% |
| UL Unilever N V -NY Shares | 3.91% | 363,457 | $20.0M | Add +2.2% |
| V Visa Inc. Class A | 3.31% | 64,573 | $16.9M | Reduce -0.2% |
| CEF Sprott Physical Gold and Sil | 3.05% | 706,740 | $15.6M | Reduce -0.4% |
| Barrick Gold Corp | 2.97% | 911,232 | $15.2M | Reduce -7.3% |
| XOM Exxon Mobil Corp. | 2.80% | 124,189 | $14.3M | New |
| MRK Merck & Co. Inc. | 2.75% | 113,441 | $14.0M | Reduce -1.4% |
| NEM Newmont Corp. | 2.74% | 335,177 | $14.0M | Reduce -3.9% |
| AMZN Amazon.com Inc. | 2.43% | 64,387 | $12.4M | Reduce -1.4% |
| CVX Chevron Corp. | 2.41% | 78,891 | $12.3M | New |
| PFE Pfizer Inc. | 2.34% | 427,539 | $12.0M | Add +5.5% |
| COP Conocophillips | 2.08% | 93,148 | $10.7M | New |
| CMCSA Comcast Corp. Class A | 2.01% | 263,008 | $10.3M | Add +8.1% |
| MKL Markel Group Inc. | 2.00% | 6,491 | $10.2M | Add +4.2% |
| AAPL Apple Inc. | 1.70% | 41,316 | $8.7M | Reduce -3.3% |
| LBRDK Liberty Broadband-C | 1.66% | 154,717 | $8.5M | Reduce -0.4% |
| FISV Fiserv Inc. | 1.54% | 52,875 | $7.9M | Reduce -1.3% |
| MDT Medtronic PLC | 1.34% | 87,244 | $6.9M | Add +5.4% |
| QQQ Invesco QQQ Trust Series 1 | 1.16% | 12,390 | $5.9M | Add +0.5% |
| ABBV Abbvie Inc. | 1.05% | 31,267 | $5.4M | Reduce -1.9% |
| DEM Wisdomtree Emerging Markets | 1.01% | 119,467 | $5.2M | Reduce -4.9% |
| PAAS Pan American Silver Corp. | 0.79% | 203,511 | $4.0M | Add +1.9% |
| CVS CVS Health Corp. | 0.73% | 63,435 | $3.7M | Add +4.0% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.72% | 124,857 | $3.7M | Reduce -2.6% |
| DVN Devon Energy Corp. | 0.63% | 68,115 | $3.2M | New |
| PSX Phillips 66 | 0.59% | 21,302 | $3.0M | New |
| VZ Verizon Communications Inc. | 0.58% | 72,387 | $3.0M | Reduce -9.6% |
| GDX Vaneck Gold Miners ETF | 0.47% | 70,376 | $2.4M | Reduce -0.3% |
| OXY Occidental Petroleum Corp. | 0.43% | 35,228 | $2.2M | New |
| JPM JPMorgan Chase & Co. | 0.32% | 8,199 | $1.7M | No change |
| ABT Abbott Laboratories | 0.31% | 15,108 | $1.6M | Reduce -0.6% |
| PID Invesco International Divide | 0.28% | 79,690 | $1.4M | Add +0.3% |
| NVDA Nvidia Corp. | 0.28% | 11,440 | $1.4M | Add +4.5% |
| AMAT Applied Materials Inc. | 0.25% | 5,351 | $1.3M | Reduce -3.6% |
| AMGN Amgen Inc. | 0.23% | 3,762 | $1.2M | Add +0.4% |
| URNM Sprott Uranium Miners ETF | 0.23% | 23,730 | $1.2M | New |
| PM Philip Morris International | 0.22% | 11,009 | $1.1M | Add +0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 10,581 | $1.1M | Reduce -0.5% |
| COST Costco Wholesale Corp. | 0.19% | 1,137 | $967K | Reduce -3.8% |
| AGI Alamos Gold Inc. Class A | 0.16% | 52,927 | $830K | No change |
| CHTR Charter Communications Inc. Class A | 0.11% | 1,886 | $564K | Add +7.1% |
| LLY Eli Lilly & Co. | 0.10% | 579 | $524K | Add +0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.10% | 935 | $509K | Reduce -26.4% |
| NSRGY Nestle SA-Spons ADR | 0.10% | 4,765 | $488K | Add +7.1% |
| UNH Unitedhealth Group Inc. | 0.10% | 956 | $487K | Reduce -11.6% |
| MO Altria Group Inc. | 0.09% | 10,360 | $472K | Reduce -2.2% |
| MA Mastercard Inc. Class A | 0.08% | 964 | $425K | Add +0.6% |
| VT Vanguard Tot World STK ETF | 0.08% | 3,571 | $402K | No change |
| HD Home Depot Inc. | 0.08% | 1,125 | $387K | No change |
| ORCL Oracle Corp. | 0.06% | 2,240 | $316K | No change |
| RTX RTX Corp. | 0.06% | 3,138 | $315K | Add +0.5% |
| ROST Ross Stores Inc. | 0.06% | 2,000 | $291K | No change |
| VGT Vanguard Info Tech ETF | 0.05% | 461 | $266K | No change |
| CAT Caterpillar Inc. | 0.05% | 793 | $264K | No change |
| KO The Coca-Cola Co. | 0.05% | 4,084 | $260K | No change |
| GOOG Alphabet Inc. Class C | 0.05% | 1,395 | $256K | New |
| VOO Vanguard S&P 500 ETF | 0.05% | 490 | $245K | New |
| GS Goldman Sachs Group Inc. | 0.05% | 533 | $241K | No change |
| NKE Nike Inc. Class B | 0.04% | 2,931 | $221K | No change |
| NOC Northrop Grumman Corp. | 0.04% | 500 | $218K | No change |
| CSCO Cisco Systems Inc. | 0.04% | 4,236 | $201K | No change |
| DHR Danaher Corp. | 0.04% | 804 | $201K | No change |
| NGD New Gold Inc. | 0.01% | 15,585 | $30K | No change |
| BRK.A 1/100 Berkshire HTWY A Class A | 0.00% | 1 | $6K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.1% | 19.94% | −3.45 |
| V Visa Inc. Class A | Reduce -0.2% | 3.31% | −0.65 |
| Barrick Gold Corp | Reduce -7.3% | 2.97% | −0.62 |
| MRK Merck & Co. Inc. | Reduce -1.4% | 2.75% | −0.59 |
| META Meta Platforms Inc. Class A | Reduce -2.1% | 4.13% | −0.43 |
| MSFT Microsoft Corp. | Reduce -1.5% | 4.95% | −0.36 |
| FISV Fiserv Inc. | Reduce -1.3% | 1.54% | −0.34 |
| LBRDK Liberty Broadband-C | Reduce -0.4% | 1.66% | −0.29 |
| AEM Agnico Eagle Mines Ltd. | Reduce -1.4% | 6.13% | −0.23 |
| ABBV Abbvie Inc. | Reduce -1.9% | 1.05% | −0.23 |
| VZ Verizon Communications Inc. | Reduce -9.6% | 0.58% | −0.15 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 2.43% | −0.15 |
| DEM Wisdomtree Emerging Markets | Reduce -4.9% | 1.01% | −0.14 |
| CEF Sprott Physical Gold and Sil | Reduce -0.4% | 3.05% | −0.12 |
| DIS The Walt Disney Co. | Reduce -0.5% | 0.21% | −0.08 |
| ABT Abbott Laboratories | Reduce -0.6% | 0.31% | −0.07 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -2.6% | 0.72% | −0.06 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -26.4% | 0.10% | −0.05 |
| GDX Vaneck Gold Miners ETF | Reduce -0.3% | 0.47% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -11.6% | 0.10% | −0.02 |
| ESBS Es Bancshares Inc. | Sold out | 0.00% | −0.01 |
| MO Altria Group Inc. | Reduce -2.2% | 0.09% | −0.01 |
| AMAT Applied Materials Inc. | Reduce -3.6% | 0.25% | −0.00 |
| COST Costco Wholesale Corp. | Reduce -3.8% | 0.19% | −0.00 |
| NEM Newmont Corp. | Reduce -3.9% | 2.74% | +0.00 |
| AAPL Apple Inc. | Reduce -3.3% | 1.70% | +0.09 |
| GOOGL Alphabet Inc. Class A | Reduce -1.9% | 7.33% | +0.38 |
Portfolio Buys Q1 2024 → Q2 2024
| XOM Exxon Mobil Corp. | New | 2.80% | +2.80 |
| CVX Chevron Corp. | New | 2.41% | +2.41 |
| COP Conocophillips | New | 2.08% | +2.08 |
| DVN Devon Energy Corp. | New | 0.63% | +0.63 |
| PSX Phillips 66 | New | 0.59% | +0.59 |
| OXY Occidental Petroleum Corp. | New | 0.43% | +0.43 |
| URNM Sprott Uranium Miners ETF | New | 0.23% | +0.23 |
| PAAS Pan American Silver Corp. | Add +1.9% | 0.79% | +0.13 |
| NVDA Nvidia Corp. | Add +4.5% | 0.28% | +0.06 |
| GOOG Alphabet Inc. Class C | New | 0.05% | +0.05 |
| VOO Vanguard S&P 500 ETF | New | 0.05% | +0.05 |
| LLY Eli Lilly & Co. | Add +0.9% | 0.10% | +0.00 |
| CHTR Charter Communications Inc. Class A | Add +7.1% | 0.11% | −0.00 |
| PM Philip Morris International | Add +0.5% | 0.22% | −0.00 |
| AMGN Amgen Inc. | Add +0.4% | 0.23% | −0.00 |
| RTX RTX Corp. | Add +0.5% | 0.06% | −0.01 |
| UL Unilever N V -NY Shares | Add +2.2% | 3.91% | −0.01 |
| NSRGY Nestle SA-Spons ADR | Add +7.1% | 0.10% | −0.01 |
| MA Mastercard Inc. Class A | Add +0.6% | 0.08% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.5% | 1.16% | −0.04 |
| PID Invesco International Divide | Add +0.3% | 0.28% | −0.04 |
| MKL Markel Group Inc. | Add +4.2% | 2.00% | −0.08 |
| PFE Pfizer Inc. | Add +5.5% | 2.34% | −0.13 |
| MDT Medtronic PLC | Add +5.4% | 1.34% | −0.24 |
| CMCSA Comcast Corp. Class A | Add +8.1% | 2.01% | −0.30 |
| CVS CVS Health Corp. | Add +4.0% | 0.73% | −0.33 |
| JNJ Johnson & Johnson | Add +9.4% | 4.14% | −0.46 |
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 |