Cheviot Value Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Cheviot Value Management, LLC reported 67 stock positions worth $530.1 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 21.1% of the portfolio, followed by Agnico Eagle Mines (AEM, 7.1%) and Alphabet Class A (GOOGL, 6.1%). Compared with Q2 2024, it opened 1 new position, sold out of 3, added to 6 and reduced 45. The biggest buy was Occidental Petroleum (OXY, shares +94%) and the biggest sale Alphabet Class A (GOOGL, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- BEVERLY HILLS, CA
- CIK
- 0001427147
- Portfolio Value
- $530.1M (Q3 2024)
- SEC Filing
- 0001140361-24-046784 ↗ filed Nov 14, 2024
Holdings Value
Holdings 67 stocks · $530.1M
| BRK.B Berkshire Hathaway Inc. Class B | 21.11% | 243,193 | $111.9M | Reduce -3.0% |
| AEM Agnico Eagle Mines Ltd. | 7.07% | 465,022 | $37.5M | Reduce -2.9% |
| GOOGL Alphabet Inc. Class A | 6.14% | 196,250 | $32.5M | Reduce -4.7% |
| JNJ Johnson & Johnson | 4.33% | 141,495 | $22.9M | Reduce -2.3% |
| MSFT Microsoft Corp. | 4.29% | 52,810 | $22.7M | Reduce -6.7% |
| UL Unilever N V -NY Shares | 4.28% | 349,596 | $22.7M | Reduce -3.8% |
| META Meta Platforms Inc. Class A | 4.22% | 39,079 | $22.4M | Reduce -6.8% |
| NEM Newmont Corp. | 3.33% | 330,428 | $17.7M | Reduce -1.4% |
| V Visa Inc. Class A | 3.29% | 63,480 | $17.5M | Reduce -1.7% |
| CEF Sprott Physical Gold and Sil | 3.24% | 701,581 | $17.2M | Reduce -0.7% |
| Barrick Gold Corp | 2.77% | 739,227 | $14.7M | Reduce -18.9% |
| XOM Exxon Mobil Corp. | 2.62% | 118,678 | $13.9M | Reduce -4.4% |
| MRK Merck & Co. Inc. | 2.32% | 108,256 | $12.3M | Reduce -4.6% |
| PFE Pfizer Inc. | 2.27% | 416,060 | $12.0M | Reduce -2.7% |
| CVX Chevron Corp. | 2.14% | 76,967 | $11.3M | Reduce -2.4% |
| AMZN Amazon.com Inc. | 2.13% | 60,701 | $11.3M | Reduce -5.7% |
| LBRDK Liberty Broadband-C | 2.06% | 141,548 | $10.9M | Reduce -8.5% |
| CMCSA Comcast Corp. Class A | 2.06% | 261,864 | $10.9M | Reduce -0.4% |
| MKL Markel Group Inc. | 1.90% | 6,429 | $10.1M | Reduce -1.0% |
| COP Conocophillips | 1.85% | 93,262 | $9.8M | Add +0.1% |
| AAPL Apple Inc. | 1.67% | 37,942 | $8.8M | Reduce -8.2% |
| FISV Fiserv Inc. | 1.58% | 46,489 | $8.4M | Reduce -12.1% |
| MDT Medtronic PLC | 1.43% | 84,059 | $7.6M | Reduce -3.6% |
| ABBV Abbvie Inc. | 1.12% | 30,094 | $5.9M | Reduce -3.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.06% | 11,532 | $5.6M | Reduce -6.9% |
| DEM Wisdomtree Emerging Markets | 0.82% | 98,627 | $4.3M | Reduce -17.4% |
| PAAS Pan American Silver Corp. | 0.76% | 192,430 | $4.0M | Reduce -5.4% |
| CVS CVS Health Corp. | 0.70% | 58,665 | $3.7M | Reduce -7.5% |
| OXY Occidental Petroleum Corp. | 0.66% | 68,315 | $3.5M | Add +93.9% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.66% | 108,563 | $3.5M | Reduce -13.1% |
| VZ Verizon Communications Inc. | 0.54% | 63,662 | $2.9M | Reduce -12.1% |
| GDX Vaneck Gold Miners ETF | 0.52% | 69,492 | $2.8M | Reduce -1.3% |
| PSX Phillips 66 | 0.50% | 20,164 | $2.7M | Reduce -5.3% |
| DVN Devon Energy Corp. | 0.48% | 64,397 | $2.5M | Reduce -5.5% |
| JPM JPMorgan Chase & Co. | 0.31% | 7,913 | $1.7M | Reduce -3.5% |
| ABT Abbott Laboratories | 0.31% | 14,600 | $1.7M | Reduce -3.4% |
| NVDA Nvidia Corp. | 0.29% | 12,640 | $1.5M | Add +10.5% |
| PM Philip Morris International | 0.25% | 10,819 | $1.3M | Reduce -1.7% |
| PID Invesco International Divide | 0.25% | 66,189 | $1.3M | Reduce -16.9% |
| AMGN Amgen Inc. | 0.23% | 3,758 | $1.2M | Reduce -0.1% |
| URNM Sprott Uranium Miners ETF | 0.21% | 23,730 | $1.1M | No change |
| AMAT Applied Materials Inc. | 0.20% | 5,351 | $1.1M | No change |
| AGI Alamos Gold Inc. Class A | 0.20% | 52,377 | $1.0M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 0.19% | 1,136 | $1.0M | Reduce -0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.18% | 10,064 | $968K | Reduce -4.9% |
| CHTR Charter Communications Inc. Class A | 0.12% | 1,886 | $611K | No change |
| UNH Unitedhealth Group Inc. | 0.10% | 951 | $556K | Reduce -0.5% |
| MO Altria Group Inc. | 0.10% | 10,295 | $525K | Reduce -0.6% |
| LLY Eli Lilly & Co. | 0.10% | 581 | $515K | Add +0.3% |
| MA Mastercard Inc. Class A | 0.09% | 972 | $480K | Add +0.8% |
| NSRGY Nestle SA-Spons ADR | 0.09% | 4,567 | $460K | Reduce -4.2% |
| HD Home Depot Inc. | 0.09% | 1,125 | $456K | No change |
| VT Vanguard Tot World STK ETF | 0.08% | 3,571 | $427K | No change |
| RTX RTX Corp. | 0.07% | 3,150 | $382K | Add +0.4% |
| ORCL Oracle Corp. | 0.07% | 2,240 | $382K | No change |
| CAT Caterpillar Inc. | 0.06% | 788 | $308K | Reduce -0.6% |
| ROST Ross Stores Inc. | 0.06% | 2,000 | $301K | No change |
| KO The Coca-Cola Co. | 0.06% | 4,084 | $293K | No change |
| VGT Vanguard Info Tech ETF | 0.05% | 461 | $270K | No change |
| NOC Northrop Grumman Corp. | 0.05% | 500 | $264K | No change |
| GS Goldman Sachs Group Inc. | 0.05% | 533 | $264K | No change |
| NKE Nike Inc. Class B | 0.05% | 2,931 | $259K | No change |
| CSCO Cisco Systems Inc. | 0.04% | 4,236 | $225K | No change |
| DHR Danaher Corp. | 0.04% | 804 | $224K | No change |
| GOOG Alphabet Inc. Class C | 0.04% | 1,335 | $223K | Reduce -4.3% |
| TMO Thermo Fisher Scientific Inc. | 0.04% | 351 | $217K | New |
| NGD New Gold Inc. | 0.01% | 15,585 | $45K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| GOOGL Alphabet Inc. Class A | Reduce -4.7% | 6.14% | −1.19 |
| MSFT Microsoft Corp. | Reduce -6.7% | 4.29% | −0.66 |
| MRK Merck & Co. Inc. | Reduce -4.6% | 2.32% | −0.43 |
| AMZN Amazon.com Inc. | Reduce -5.7% | 2.13% | −0.30 |
| CVX Chevron Corp. | Reduce -2.4% | 2.14% | −0.28 |
| Barrick Gold Corp | Reduce -18.9% | 2.77% | −0.20 |
| DEM Wisdomtree Emerging Markets | Reduce -17.4% | 0.82% | −0.19 |
| XOM Exxon Mobil Corp. | Reduce -4.4% | 2.62% | −0.17 |
| DVN Devon Energy Corp. | Reduce -5.5% | 0.48% | −0.16 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.10 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -6.9% | 1.06% | −0.10 |
| MKL Markel Group Inc. | Reduce -1.0% | 1.90% | −0.10 |
| PSX Phillips 66 | Reduce -5.3% | 0.50% | −0.09 |
| PFE Pfizer Inc. | Reduce -2.7% | 2.27% | −0.07 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -13.1% | 0.66% | −0.06 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -12.1% | 0.54% | −0.04 |
| CVS CVS Health Corp. | Reduce -7.5% | 0.70% | −0.04 |
| AAPL Apple Inc. | Reduce -8.2% | 1.67% | −0.03 |
| PAAS Pan American Silver Corp. | Reduce -5.4% | 0.76% | −0.03 |
| PID Invesco International Divide | Reduce -16.9% | 0.25% | −0.03 |
| DIS The Walt Disney Co. | Reduce -4.9% | 0.18% | −0.02 |
| V Visa Inc. Class A | Reduce -1.7% | 3.29% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -3.5% | 0.31% | −0.01 |
| NSRGY Nestle SA-Spons ADR | Reduce -4.2% | 0.09% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -4.3% | 0.04% | −0.01 |
| AMGN Amgen Inc. | Reduce -0.1% | 0.23% | −0.00 |
| BRK.A 1/100 Berkshire HTWY A Class A | Sold out | 0.00% | −0.00 |
| COST Costco Wholesale Corp. | Reduce -0.1% | 0.19% | +0.00 |
| CAT Caterpillar Inc. | Reduce -0.6% | 0.06% | +0.01 |
| MO Altria Group Inc. | Reduce -0.6% | 0.10% | +0.01 |
| ABT Abbott Laboratories | Reduce -3.4% | 0.31% | +0.01 |
| UNH Unitedhealth Group Inc. | Reduce -0.5% | 0.10% | +0.01 |
| PM Philip Morris International | Reduce -1.7% | 0.25% | +0.03 |
| FISV Fiserv Inc. | Reduce -12.1% | 1.58% | +0.03 |
| AGI Alamos Gold Inc. Class A | Reduce -1.0% | 0.20% | +0.03 |
| CMCSA Comcast Corp. Class A | Reduce -0.4% | 2.06% | +0.05 |
| GDX Vaneck Gold Miners ETF | Reduce -1.3% | 0.52% | +0.06 |
| ABBV Abbvie Inc. | Reduce -3.8% | 1.12% | +0.07 |
| MDT Medtronic PLC | Reduce -3.6% | 1.43% | +0.08 |
| META Meta Platforms Inc. Class A | Reduce -6.8% | 4.22% | +0.09 |
| JNJ Johnson & Johnson | Reduce -2.3% | 4.33% | +0.19 |
| CEF Sprott Physical Gold and Sil | Reduce -0.7% | 3.24% | +0.19 |
| UL Unilever N V -NY Shares | Reduce -3.8% | 4.28% | +0.38 |
| LBRDK Liberty Broadband-C | Reduce -8.5% | 2.06% | +0.41 |
| NEM Newmont Corp. | Reduce -1.4% | 3.33% | +0.59 |
| AEM Agnico Eagle Mines Ltd. | Reduce -2.9% | 7.07% | +0.94 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.0% | 21.11% | +1.17 |
Portfolio Buys Q2 2024 → Q3 2024
| OXY Occidental Petroleum Corp. | Add +93.9% | 0.66% | +0.23 |
| TMO Thermo Fisher Scientific Inc. | New | 0.04% | +0.04 |
| NVDA Nvidia Corp. | Add +10.5% | 0.29% | +0.01 |
| RTX RTX Corp. | Add +0.4% | 0.07% | +0.01 |
| MA Mastercard Inc. Class A | Add +0.8% | 0.09% | +0.01 |
| LLY Eli Lilly & Co. | Add +0.3% | 0.10% | −0.01 |
| COP Conocophillips | Add +0.1% | 1.85% | −0.23 |
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 |