Cheviot Value Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Cheviot Value Management, LLC reported 431 stock positions worth $872.3 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 12.8% of the portfolio, followed by iShares 0-3 Month Treasury B (SGOV, 10.0%) and Agnico Eagle Mines (AEM, 7.4%). Compared with Q1 2025, it opened 11 new positions, sold out of 33, added to 74 and reduced 67. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +14%) 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
- $872.3M (Q2 2025)
- SEC Filing
- 0001140361-25-030867 ↗ filed Aug 13, 2025
Holdings Value
Holdings 431 stocks · $872.3M
| BRK.B Berkshire Hathaway Inc. Class B | 12.79% | 239,673 | $111.5M | Reduce -0.9% |
| SGOV iShares 0-3 Month Treasury B | 10.03% | 870,273 | $87.4M | Add +14.2% |
| AEM Agnico Eagle Mines Ltd. | 7.44% | 478,533 | $64.9M | Reduce -1.0% |
| GOOGL Alphabet Inc. Class A | 4.67% | 202,427 | $40.8M | Reduce -1.3% |
| TOTL SS Doubleline TR Tact ETF | 4.49% | 977,509 | $39.1M | Add +1.0% |
| META Meta Platforms Inc. Class A | 3.90% | 44,254 | $34.0M | Reduce -0.7% |
| MSFT Microsoft Corp. | 3.50% | 58,494 | $30.5M | Reduce -0.9% |
| JNJ Johnson & Johnson | 3.43% | 172,530 | $29.9M | Reduce -0.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 3.24% | 258,320 | $28.3M | Add +6.0% |
| NEM Newmont Corp. | 2.77% | 350,304 | $24.2M | Reduce -3.1% |
| V Visa Inc. Class A | 2.74% | 71,033 | $23.9M | Reduce -0.1% |
| UL Unilever PLC | 2.67% | 381,279 | $23.3M | Reduce -0.7% |
| CEF Sprott Physical Gold and Sil | 2.64% | 732,823 | $23.0M | Reduce -0.4% |
| TDTF NT Iboxx 5Y Dur Tips ETF | 2.59% | 935,714 | $22.6M | Add +7.0% |
| CMCSA Comcast Corp. Class A | 1.76% | 485,927 | $15.4M | Add +3.3% |
| AMZN Amazon.com Inc. | 1.76% | 68,915 | $15.3M | Add +0.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.60% | 20 | $14.0M | No change |
| B Barrick Mining Corp. | 1.52% | 566,630 | $13.3M | Reduce -19.5% |
| XOM Exxon Mobil Corp. | 1.50% | 122,556 | $13.1M | Add +2.1% |
| MKL Markel Group Inc. | 1.49% | 6,822 | $13.0M | Reduce -0.2% |
| MRK Merck & Co. Inc. | 1.46% | 158,285 | $12.8M | Add +8.7% |
| CVX Chevron Corp. | 1.43% | 80,420 | $12.5M | Add +1.9% |
| PFE Pfizer Inc. | 1.39% | 494,899 | $12.2M | Reduce -0.8% |
| COP Conocophillips | 1.20% | 111,382 | $10.5M | Add +9.0% |
| MDT Medtronic PLC | 1.05% | 98,992 | $9.2M | Reduce -0.7% |
| AAPL Apple Inc. | 0.97% | 36,759 | $8.4M | Add +3.1% |
| LBRDK Liberty Broadband-C | 0.91% | 135,653 | $7.9M | Reduce -4.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.75% | 11,319 | $6.5M | Add +1.6% |
| PAAS Pan American Silver Corp. | 0.71% | 193,702 | $6.2M | Reduce -2.5% |
| DEM Wisdomtree Emerging Markets | 0.67% | 126,142 | $5.8M | Add +1.9% |
| ABBV Abbvie Inc. | 0.65% | 28,837 | $5.7M | Reduce -0.9% |
| OXY Occidental Petroleum Corp. | 0.62% | 122,968 | $5.4M | Add +14.0% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.60% | 205,942 | $5.2M | Add +9.0% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.59% | 243,484 | $5.1M | Add +5.0% |
| AGI Alamos Gold Inc. Class A | 0.53% | 176,402 | $4.6M | Add +236.8% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.51% | 131,168 | $4.5M | Add +1.7% |
| GDX Vaneck Gold Miners ETF | 0.45% | 67,549 | $3.9M | Reduce -1.0% |
| AGG iShares Core U.S. Aggregate | 0.40% | 34,897 | $3.5M | Add +0.8% |
| SCHO Schwab Short-Term US Treas | 0.38% | 135,302 | $3.3M | Add +4.7% |
| CVS CVS Health Corp. | 0.35% | 46,135 | $3.0M | Reduce -6.4% |
| PID Invesco International Divide | 0.31% | 131,064 | $2.7M | Add +3.9% |
| PSX Phillips 66 | 0.31% | 22,485 | $2.7M | Reduce -0.5% |
| NVDA Nvidia Corp. | 0.29% | 13,897 | $2.5M | Add +2.9% |
| JPM JPMorgan Chase & Co. | 0.27% | 8,290 | $2.4M | Reduce -1.1% |
| BSV Vanguard Short-Term Bond ETF | 0.25% | 28,167 | $2.2M | Reduce -4.2% |
| ABT Abbott Laboratories | 0.22% | 14,380 | $1.9M | Add +0.5% |
| VZ Verizon Communications Inc. | 0.22% | 44,696 | $1.9M | Reduce -3.8% |
| VOO Vanguard S&P 500 ETF | 0.22% | 3,262 | $1.9M | Add +13.9% |
| PM Philip Morris International | 0.21% | 10,698 | $1.8M | Reduce -1.8% |
| COST Costco Wholesale Corp. | 0.19% | 1,690 | $1.7M | No change |
| DVN Devon Energy Corp. | 0.17% | 45,144 | $1.5M | Reduce -23.2% |
| URNM Sprott Uranium Miners ETF | 0.15% | 27,330 | $1.3M | Add +0.7% |
| OAKM Oakmark US Large Cap ETF | 0.14% | 49,385 | $1.3M | Add +566.0% |
| SMH Vaneck Semiconductor ETF | 0.14% | 4,100 | $1.2M | No change |
| FISV Fiserv Inc. | 0.13% | 8,636 | $1.2M | Add +7.2% |
| AMGN Amgen Inc. | 0.12% | 3,762 | $1.1M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.12% | 1,659 | $1.1M | Add +1.5% |
| MCD McDonald's Corp. | 0.12% | 3,365 | $1.0M | Add +7.5% |
| GOOG Alphabet Inc. Class C | 0.11% | 4,778 | $966K | Add +11.2% |
| AMAT Applied Materials Inc. | 0.11% | 5,161 | $954K | Reduce -5.2% |
| ORCL Oracle Corp. | 0.11% | 3,715 | $929K | No change |
| TSLA Tesla Inc. | 0.11% | 2,800 | $923K | Add +1.7% |
| SNPS Synopsys Inc. | 0.10% | 1,409 | $873K | Add +11.5% |
| CDNS Cadence Design SYS Inc. | 0.09% | 2,287 | $805K | Reduce -0.8% |
| WFC Wells Fargo & Co. | 0.09% | 9,800 | $763K | Add +1.0% |
| GOVT iShares US Treasury Bond ETF | 0.09% | 32,481 | $743K | Add +12.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.08% | 6,293 | $708K | Reduce -4.4% |
| MA Mastercard Inc. Class A | 0.08% | 1,191 | $684K | Reduce -3.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 14,141 | $651K | No change |
| XBI SS SPDR S&P Biotech ETF | 0.07% | 6,975 | $596K | Add +1.3% |
| WDC Western Digital Corp. | 0.07% | 7,884 | $591K | No change |
| MS Morgan Stanley | 0.07% | 4,075 | $583K | Add +20.7% |
| MO Altria Group Inc. | 0.07% | 8,991 | $577K | Add +0.1% |
| ITA iShares U.S. Aerospace & Def | 0.06% | 2,649 | $520K | Add +7.1% |
| COR Cencora Inc. | 0.06% | 1,788 | $510K | No change |
| RTX RTX Corp. | 0.06% | 3,286 | $509K | Add +0.4% |
| TGT Target Corp. | 0.06% | 4,558 | $480K | No change |
| HD Home Depot Inc. | 0.05% | 1,225 | $475K | No change |
| CHTR Charter Communications Inc. Class A | 0.05% | 1,836 | $471K | No change |
| VT Vanguard Tot World STK ETF | 0.05% | 3,571 | $471K | No change |
| QCOM Qualcomm Inc. | 0.05% | 3,156 | $466K | Add +1.6% |
| NSC Norfolk Southern Corp. | 0.05% | 1,535 | $430K | No change |
| GLW Corning Inc. | 0.05% | 6,269 | $412K | Add +25.1% |
| ACM Aecom | 0.05% | 3,475 | $412K | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.05% | 4,831 | $399K | Reduce -47.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.04% | 847 | $389K | Reduce -2.9% |
| GS Goldman Sachs Group Inc. | 0.04% | 533 | $384K | No change |
| RGA Reinsurance Group of America | 0.04% | 2,050 | $382K | No change |
| NOC Northrop Grumman Corp. | 0.04% | 650 | $378K | No change |
| F Ford Motor Co. filed as FORD MTR CO | 0.04% | 33,345 | $377K | Add +1.7% |
| WM Waste Management Inc. | 0.04% | 1,602 | $377K | Add +29.5% |
| LLY Eli Lilly & Co. | 0.04% | 581 | $364K | No change |
| VYM Vanguard High DVD Yield ETF | 0.04% | 2,662 | $360K | Reduce -1.8% |
| ADP Automatic Data Processing | 0.04% | 1,178 | $360K | No change |
| TXN Texas Instruments Inc. | 0.04% | 1,916 | $359K | Add +17.3% |
| CSCO Cisco Systems Inc. | 0.04% | 4,816 | $346K | No change |
| BTI British American Tob-SP ADR | 0.04% | 5,725 | $328K | Add +1172.2% |
| VGT Vanguard Info Tech ETF | 0.04% | 461 | $322K | No change |
| PNC PNC Financial Services Group | 0.04% | 1,675 | $318K | Reduce -13.0% |
| KO The Coca-Cola Co. | 0.04% | 4,389 | $309K | No change |
Lines left out (1) · $6 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| BITO Proshares Bitcoin ETF-Usd | BITCOIN ETF | 0 | $6 |
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: $872.3M.
Portfolio Sells Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.9% | 12.79% | −2.45 |
| LBRDK Liberty Broadband-C | Reduce -4.3% | 0.91% | −0.69 |
| UL Unilever PLC | Reduce -0.7% | 2.67% | −0.33 |
| V Visa Inc. Class A | Reduce -0.1% | 2.74% | −0.31 |
| B Barrick Mining Corp. | Reduce -19.5% | 1.52% | −0.09 |
| MKL Markel Group Inc. | Reduce -0.2% | 1.49% | −0.08 |
| PFE Pfizer Inc. | Reduce -0.8% | 1.39% | −0.07 |
| CVS CVS Health Corp. | Reduce -6.4% | 0.35% | −0.06 |
| DVN Devon Energy Corp. | Reduce -23.2% | 0.17% | −0.05 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -47.3% | 0.05% | −0.05 |
| ABBV Abbvie Inc. | Reduce -0.9% | 0.65% | −0.05 |
| BSV Vanguard Short-Term Bond ETF | Reduce -4.2% | 0.25% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -3.8% | 0.22% | −0.03 |
| PM Philip Morris International | Reduce -1.8% | 0.21% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -2.3% | 0.03% | −0.02 |
| XLV SS Health Care Select Sector | Reduce -31.2% | 0.02% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -3.3% | 0.08% | −0.01 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.00 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −0.00 |
| PGR Progressive Corp. | Reduce -6.3% | 0.01% | −0.00 |
| OTIS Otis Worldwide Corp. | Reduce -84.5% | 0.00% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -49.5% | 0.00% | −0.00 |
| PNC PNC Financial Services Group | Reduce -13.0% | 0.04% | −0.00 |
| HPQ HP Inc. | Reduce -10.1% | 0.01% | −0.00 |
| OXFORD LANE CAP CORP | Sold out | 0.00% | −0.00 |
| VDC Vanguard Consumer Staple ETF | Reduce -70.1% | 0.00% | −0.00 |
| INTC Intel Corp. | Reduce -1.2% | 0.02% | −0.00 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.00 |
| ECC Eagle Point Credit Co. | Sold out | 0.00% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -6.4% | 0.01% | −0.00 |
| DHR Danaher Corp. | Reduce -3.1% | 0.02% | −0.00 |
| RC Ready Capital Corp. | Reduce -81.3% | 0.00% | −0.00 |
| WY Weyerhaeuser Co. | Reduce -7.4% | 0.01% | −0.00 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.00 |
| PDI PIMCO Dynamic Income Fund | Sold out | 0.00% | −0.00 |
| INTU Intuit Inc. | Reduce -83.3% | 0.00% | −0.00 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.00 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.00 |
| NFLX Netflix Inc. | Reduce -3.2% | 0.02% | −0.00 |
| BAX Baxter International Inc. | Reduce -8.4% | 0.00% | −0.00 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.00 |
| FTV Fortive Corp. | Sold out | 0.00% | −0.00 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.00 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.00 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.00 |
| AGNC AGNC Investment Corp. | Sold out | 0.00% | −0.00 |
| DT Dynatrace Inc. | Sold out | 0.00% | −0.00 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.00 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.8% | 0.04% | −0.00 |
| VRSK Verisk Analytics Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| SGOV iShares 0-3 Month Treasury B | Add +14.2% | 10.03% | +0.61 |
| AGI Alamos Gold Inc. Class A | Add +236.8% | 0.53% | +0.36 |
| AMZN Amazon.com Inc. | Add +0.4% | 1.76% | +0.19 |
| OAKM Oakmark US Large Cap ETF | Add +566.0% | 0.14% | +0.12 |
| CVX Chevron Corp. | Add +1.9% | 1.43% | +0.11 |
| OXY Occidental Petroleum Corp. | Add +14.0% | 0.62% | +0.11 |
| NVDA Nvidia Corp. | Add +2.9% | 0.29% | +0.10 |
| COP Conocophillips | Add +9.0% | 1.20% | +0.10 |
| AAPL Apple Inc. | Add +3.1% | 0.97% | +0.09 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.6% | 0.75% | +0.08 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +6.0% | 3.24% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +13.9% | 0.22% | +0.04 |
| BTI British American Tob-SP ADR | Add +1172.2% | 0.04% | +0.04 |
| TDTF NT Iboxx 5Y Dur Tips ETF | Add +7.0% | 2.59% | +0.03 |
| URNM Sprott Uranium Miners ETF | Add +0.7% | 0.15% | +0.03 |
| SNPS Synopsys Inc. | Add +11.5% | 0.10% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +11.2% | 0.11% | +0.02 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +121666.7% | 0.02% | +0.02 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +1.7% | 0.51% | +0.02 |
| GLW Corning Inc. | Add +25.1% | 0.05% | +0.02 |
| MS Morgan Stanley | Add +20.7% | 0.07% | +0.02 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +9.0% | 0.60% | +0.01 |
| COF Capital One Financial Corp. | New | 0.01% | +0.01 |
| DEM Wisdomtree Emerging Markets | Add +1.9% | 0.67% | +0.01 |
| TSLA Tesla Inc. | Add +1.7% | 0.11% | +0.01 |
| ITA iShares U.S. Aerospace & Def | Add +7.1% | 0.06% | +0.01 |
| CALI Ishrs SH-TRM Ca Muni Act ETF | New | 0.01% | +0.01 |
| PID Invesco International Divide | Add +3.9% | 0.31% | +0.01 |
| TXN Texas Instruments Inc. | Add +17.3% | 0.04% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.5% | 0.12% | +0.01 |
| WM Waste Management Inc. | Add +29.5% | 0.04% | +0.01 |
| RTX RTX Corp. | Add +0.4% | 0.06% | +0.01 |
| BA The Boeing Co. | Add +10.6% | 0.02% | +0.01 |
| BLDR Builders Firstsource Inc. | Add +9.0% | 0.03% | +0.00 |
| NUKZ Range Nuclear Renaissance | New | 0.00% | +0.00 |
| NLR Vaneck Urani & Nuclr ETF-Usd | New | 0.00% | +0.00 |
| GOVT iShares US Treasury Bond ETF | Add +12.4% | 0.09% | +0.00 |
| FDTX Fidelity Disrupt Tech ETF | New | 0.00% | +0.00 |
| F Ford Motor Co. | Add +1.7% | 0.04% | +0.00 |
| NAMS Newamsterdam Pharma Co. NV | New | 0.00% | +0.00 |
| GNRC Generac Holdings Inc. | New | 0.00% | +0.00 |
| WHR Whirlpool Corp. | Add +50.0% | 0.01% | +0.00 |
| KSS Kohls Corp. | Add +2.3% | 0.01% | +0.00 |
| GVA Granite Construction Inc. | Add +0.1% | 0.01% | +0.00 |
| GTLS Chart Industries Inc. | New | 0.00% | +0.00 |
| IVW iShares S&P 500 Growth ETF | Add +193.8% | 0.00% | +0.00 |
| DELL Dell Technologies -C | Add +0.3% | 0.00% | +0.00 |
| BUG Global X Cybersecurity ETF | Add +100.0% | 0.00% | +0.00 |
| ICLN iShares Global Clean Energy | Add +0.6% | 0.01% | +0.00 |
| LH Labcorp Holdings Inc. | Add +350.0% | 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 |