Cheviot Value Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Cheviot Value Management, LLC reported 70 stock positions worth $521.6 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 21.0% of the portfolio, followed by Alphabet Class A (GOOGL, 7.2%) and Agnico Eagle Mines (AEM, 7.1%). Compared with Q3 2024, it opened 4 new positions, sold out of 1, added to 28 and reduced 27. The biggest buy was Alphabet Class A (GOOGL, shares +0%) and the biggest sale Barrick Gold (shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- BEVERLY HILLS, CA
- CIK
- 0001427147
- Portfolio Value
- $521.6M (Q4 2024)
- SEC Filing
- 0001140361-25-004601 ↗ filed Feb 14, 2025
Holdings Value
Holdings 70 stocks · $521.6M
| BRK.B Berkshire Hathaway Inc. Class B | 21.03% | 242,030 | $109.7M | Reduce -0.5% |
| GOOGL Alphabet Inc. Class A | 7.15% | 197,143 | $37.3M | Add +0.5% |
| AEM Agnico Eagle Mines Ltd. | 7.07% | 471,787 | $36.9M | Add +1.4% |
| META Meta Platforms Inc. Class A | 4.35% | 38,716 | $22.7M | Reduce -0.9% |
| JNJ Johnson & Johnson | 4.31% | 155,318 | $22.5M | Add +9.8% |
| MSFT Microsoft Corp. | 4.24% | 52,511 | $22.1M | Reduce -0.6% |
| V Visa Inc. Class A | 3.99% | 65,886 | $20.8M | Add +3.8% |
| UL Unilever N V -NY Shares | 3.88% | 356,906 | $20.2M | Add +2.1% |
| CEF Sprott Physical Gold and Sil | 3.26% | 715,807 | $17.0M | Add +2.0% |
| AMZN Amazon.com Inc. | 2.59% | 61,550 | $13.5M | Add +1.4% |
| XOM Exxon Mobil Corp. | 2.43% | 117,719 | $12.7M | Reduce -0.8% |
| NEM Newmont Corp. | 2.41% | 337,099 | $12.5M | Add +2.0% |
| MRK Merck & Co. Inc. | 2.27% | 119,006 | $11.8M | Add +9.9% |
| MKL Markel Group Inc. | 2.26% | 6,816 | $11.8M | Add +6.0% |
| PFE Pfizer Inc. | 2.24% | 440,622 | $11.7M | Add +5.9% |
| CVX Chevron Corp. | 2.16% | 77,786 | $11.3M | Add +1.1% |
| Barrick Gold Corp | 2.16% | 726,027 | $11.3M | Reduce -1.8% |
| CMCSA Comcast Corp. Class A | 2.00% | 277,307 | $10.4M | Add +5.9% |
| LBRDK Liberty Broadband-C | 1.94% | 135,130 | $10.1M | Reduce -4.5% |
| COP Conocophillips | 1.82% | 95,979 | $9.5M | Add +2.9% |
| FISV Fiserv Inc. | 1.80% | 45,704 | $9.4M | Reduce -1.7% |
| AAPL Apple Inc. | 1.72% | 35,820 | $9.0M | Reduce -5.6% |
| MDT Medtronic PLC | 1.33% | 86,944 | $6.9M | Add +3.4% |
| QQQ Invesco QQQ Trust Series 1 | 1.13% | 11,526 | $5.9M | Reduce -0.1% |
| ABBV Abbvie Inc. | 1.02% | 30,057 | $5.3M | Reduce -0.1% |
| DEM Wisdomtree Emerging Markets | 0.80% | 102,818 | $4.2M | Add +4.3% |
| OXY Occidental Petroleum Corp. | 0.80% | 84,003 | $4.2M | Add +23.0% |
| PAAS Pan American Silver Corp. | 0.75% | 194,382 | $3.9M | Add +1.0% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.65% | 116,108 | $3.4M | Add +7.0% |
| GDX Vaneck Gold Miners ETF | 0.46% | 70,394 | $2.4M | Add +1.3% |
| VZ Verizon Communications Inc. | 0.45% | 58,721 | $2.3M | Reduce -7.8% |
| PSX Phillips 66 | 0.45% | 20,551 | $2.3M | Add +1.9% |
| CVS CVS Health Corp. | 0.45% | 52,136 | $2.3M | Reduce -11.1% |
| DVN Devon Energy Corp. | 0.40% | 63,490 | $2.1M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 0.36% | 7,790 | $1.9M | Reduce -1.6% |
| NVDA Nvidia Corp. | 0.32% | 12,595 | $1.7M | Reduce -0.4% |
| ABT Abbott Laboratories | 0.31% | 14,410 | $1.6M | Reduce -1.3% |
| PID Invesco International Divide | 0.30% | 85,037 | $1.6M | Add +28.5% |
| PM Philip Morris International | 0.25% | 10,778 | $1.3M | Reduce -0.4% |
| COST Costco Wholesale Corp. | 0.20% | 1,133 | $1.0M | Reduce -0.3% |
| AMGN Amgen Inc. | 0.19% | 3,758 | $979K | No change |
| URNM Sprott Uranium Miners ETF | 0.18% | 23,935 | $965K | Add +0.9% |
| AGI Alamos Gold Inc. Class A | 0.18% | 51,742 | $954K | Reduce -1.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.18% | 8,427 | $938K | Reduce -16.3% |
| AMAT Applied Materials Inc. | 0.16% | 5,050 | $821K | Reduce -5.6% |
| CHTR Charter Communications Inc. Class A | 0.12% | 1,836 | $629K | Reduce -2.6% |
| UNH Unitedhealth Group Inc. | 0.10% | 1,069 | $541K | Add +12.4% |
| MO Altria Group Inc. | 0.10% | 10,087 | $527K | Reduce -2.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.10% | 1,247 | $512K | New |
| MA Mastercard Inc. Class A | 0.10% | 964 | $508K | Reduce -0.8% |
| NSRGY Nestle SA-Spons ADR | 0.09% | 5,624 | $459K | Add +23.1% |
| LLY Eli Lilly & Co. | 0.09% | 581 | $449K | No change |
| HD Home Depot Inc. | 0.08% | 1,125 | $438K | No change |
| VT Vanguard Tot World STK ETF | 0.08% | 3,571 | $420K | No change |
| ORCL Oracle Corp. | 0.07% | 2,246 | $374K | Add +0.3% |
| RTX RTX Corp. | 0.07% | 3,163 | $366K | Add +0.4% |
| VYM Vanguard High DVD Yield ETF | 0.07% | 2,662 | $340K | New |
| GS Goldman Sachs Group Inc. | 0.06% | 533 | $305K | No change |
| ROST Ross Stores Inc. | 0.06% | 2,000 | $303K | No change |
| VGT Vanguard Info Tech ETF | 0.06% | 461 | $287K | No change |
| CAT Caterpillar Inc. | 0.05% | 733 | $266K | Reduce -7.0% |
| IJR iShares Core S&P Small-Cap E | 0.05% | 2,219 | $256K | New |
| KO The Coca-Cola Co. | 0.05% | 4,084 | $254K | No change |
| GOOG Alphabet Inc. Class C | 0.05% | 1,335 | $254K | No change |
| CSCO Cisco Systems Inc. | 0.05% | 4,171 | $247K | Reduce -1.5% |
| NOC Northrop Grumman Corp. | 0.04% | 500 | $235K | No change |
| NKE Nike Inc. Class B | 0.04% | 2,867 | $217K | Reduce -2.2% |
| TMO Thermo Fisher Scientific Inc. | 0.04% | 405 | $211K | Add +15.4% |
| NGD New Gold Inc. | 0.01% | 15,585 | $39K | No change |
| BRK.A 1/100 Berkshire HTWY A Class A | 0.00% | 2 | $14K | New |
Portfolio Sells Q3 2024 → Q4 2024
| Barrick Gold Corp | Reduce -1.8% | 2.16% | −0.62 |
| CVS CVS Health Corp. | Reduce -11.1% | 0.45% | −0.25 |
| XOM Exxon Mobil Corp. | Reduce -0.8% | 2.43% | −0.20 |
| LBRDK Liberty Broadband-C | Reduce -4.5% | 1.94% | −0.13 |
| ABBV Abbvie Inc. | Reduce -0.1% | 1.02% | −0.10 |
| VZ Verizon Communications Inc. | Reduce -7.8% | 0.45% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 21.03% | −0.08 |
| DVN Devon Energy Corp. | Reduce -1.4% | 0.40% | −0.08 |
| AMAT Applied Materials Inc. | Reduce -5.6% | 0.16% | −0.05 |
| MSFT Microsoft Corp. | Reduce -0.6% | 4.24% | −0.04 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.04 |
| AGI Alamos Gold Inc. Class A | Reduce -1.2% | 0.18% | −0.01 |
| NKE Nike Inc. Class B | Reduce -2.2% | 0.04% | −0.01 |
| CAT Caterpillar Inc. | Reduce -7.0% | 0.05% | −0.01 |
| DIS The Walt Disney Co. | Reduce -16.3% | 0.18% | −0.00 |
| ABT Abbott Laboratories | Reduce -1.3% | 0.31% | −0.00 |
| PM Philip Morris International | Reduce -0.4% | 0.25% | +0.00 |
| MO Altria Group Inc. | Reduce -2.0% | 0.10% | +0.00 |
| CSCO Cisco Systems Inc. | Reduce -1.5% | 0.05% | +0.00 |
| CHTR Charter Communications Inc. Class A | Reduce -2.6% | 0.12% | +0.01 |
| MA Mastercard Inc. Class A | Reduce -0.8% | 0.10% | +0.01 |
| COST Costco Wholesale Corp. | Reduce -0.3% | 0.20% | +0.01 |
| NVDA Nvidia Corp. | Reduce -0.4% | 0.32% | +0.03 |
| JPM JPMorgan Chase & Co. | Reduce -1.6% | 0.36% | +0.04 |
| AAPL Apple Inc. | Reduce -5.6% | 1.72% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.1% | 1.13% | +0.07 |
| META Meta Platforms Inc. Class A | Reduce -0.9% | 4.35% | +0.13 |
| FISV Fiserv Inc. | Reduce -1.7% | 1.80% | +0.22 |
Portfolio Buys Q3 2024 → Q4 2024
| GOOGL Alphabet Inc. Class A | Add +0.5% | 7.15% | +1.01 |
| V Visa Inc. Class A | Add +3.8% | 3.99% | +0.70 |
| AMZN Amazon.com Inc. | Add +1.4% | 2.59% | +0.46 |
| MKL Markel Group Inc. | Add +6.0% | 2.26% | +0.35 |
| OXY Occidental Petroleum Corp. | Add +23.0% | 0.80% | +0.13 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.10% | +0.10 |
| VYM Vanguard High DVD Yield ETF | New | 0.07% | +0.07 |
| PID Invesco International Divide | Add +28.5% | 0.30% | +0.05 |
| IJR iShares Core S&P Small-Cap E | New | 0.05% | +0.05 |
| CVX Chevron Corp. | Add +1.1% | 2.16% | +0.02 |
| CEF Sprott Physical Gold and Sil | Add +2.0% | 3.26% | +0.02 |
| AEM Agnico Eagle Mines Ltd. | Add +1.4% | 7.07% | +0.01 |
| BRK.A 1/100 Berkshire HTWY A Class A | New | 0.00% | +0.00 |
| NSRGY Nestle SA-Spons ADR | Add +23.1% | 0.09% | +0.00 |
| ORCL Oracle Corp. | Add +0.3% | 0.07% | −0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +15.4% | 0.04% | −0.00 |
| UNH Unitedhealth Group Inc. | Add +12.4% | 0.10% | −0.00 |
| RTX RTX Corp. | Add +0.4% | 0.07% | −0.00 |
| PAAS Pan American Silver Corp. | Add +1.0% | 0.75% | −0.00 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +7.0% | 0.65% | −0.01 |
| JNJ Johnson & Johnson | Add +9.8% | 4.31% | −0.02 |
| URNM Sprott Uranium Miners ETF | Add +0.9% | 0.18% | −0.02 |
| DEM Wisdomtree Emerging Markets | Add +4.3% | 0.80% | −0.02 |
| COP Conocophillips | Add +2.9% | 1.82% | −0.03 |
| PFE Pfizer Inc. | Add +5.9% | 2.24% | −0.03 |
| MRK Merck & Co. Inc. | Add +9.9% | 2.27% | −0.05 |
| PSX Phillips 66 | Add +1.9% | 0.45% | −0.05 |
| GDX Vaneck Gold Miners ETF | Add +1.3% | 0.46% | −0.06 |
| CMCSA Comcast Corp. Class A | Add +5.9% | 2.00% | −0.07 |
| MDT Medtronic PLC | Add +3.4% | 1.33% | −0.10 |
| UL Unilever N V -NY Shares | Add +2.1% | 3.88% | −0.40 |
| NEM Newmont Corp. | Add +2.0% | 2.41% | −0.93 |
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 |