Cheviot Value Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Cheviot Value Management, LLC reported 424 stock positions worth $995.6 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 11.4% of the portfolio, followed by iShares 0-3 Month Treasury B (SGOV, 10.8%) and Agnico Eagle Mines (AEM, 8.4%). Compared with Q4 2025, it opened 14 new positions, sold out of 4, added to 57 and reduced 48. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +9%) and the biggest sale Alphabet Class A (GOOGL, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- BEVERLY HILLS, CA
- CIK
- 0001427147
- Portfolio Value
- $995.6M (Q1 2026)
- SEC Filing
- 0001140361-26-020764 ↗ filed May 12, 2026
Holdings Value
Holdings 424 stocks · $995.6M
| BRK.B Berkshire Hathaway Inc. Class B | 11.44% | 237,675 | $113.9M | Add +1.4% |
| SGOV iShares 0-3 Month Treasury B | 10.80% | 1,068,008 | $107.5M | Add +9.4% |
| AEM Agnico Eagle Mines Ltd. | 8.38% | 411,089 | $83.4M | Reduce -3.5% |
| TOTL SS Doubleline TR Tact ETF | 5.51% | 1,379,788 | $54.8M | Add +8.7% |
| GOOGL Alphabet Inc. Class A | 4.80% | 166,300 | $47.8M | Reduce -8.2% |
| JNJ Johnson & Johnson | 3.91% | 159,348 | $39.0M | Reduce -3.9% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 3.63% | 331,893 | $36.2M | Add +3.9% |
| TDTF NT Iboxx 5Y Dur Tips ETF | 3.30% | 1,362,574 | $32.9M | Add +5.6% |
| CEF Sprott Physical Gold and Sil | 2.75% | 573,842 | $27.4M | Reduce -8.4% |
| NEM Newmont Corp. | 2.42% | 222,899 | $24.1M | Reduce -6.6% |
| V Visa Inc. Class A | 2.37% | 78,196 | $23.6M | Add +6.4% |
| META Meta Platforms Inc. Class A | 2.33% | 40,500 | $23.2M | Reduce 0.0% |
| MSFT Microsoft Corp. | 2.15% | 57,708 | $21.4M | Add +1.1% |
| XOM Exxon Mobil Corp. | 2.14% | 125,802 | $21.3M | Reduce -0.9% |
| MRK Merck & Co. Inc. | 2.07% | 171,470 | $20.6M | Add +1.0% |
| UL Unilever PLC-Sponsored ADR | 1.90% | 331,886 | $18.9M | Reduce -0.0% |
| CVX Chevron Corp. | 1.72% | 82,901 | $17.2M | Reduce -0.3% |
| PFE Pfizer Inc. | 1.72% | 610,604 | $17.1M | Add +9.8% |
| CMCSA Comcast Corp. Class A | 1.70% | 589,845 | $16.9M | Add +5.7% |
| AMZN Amazon.com Inc. | 1.69% | 80,701 | $16.8M | Add +7.9% |
| COP Conocophillips | 1.60% | 120,549 | $15.9M | Add +1.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.44% | 20 | $14.4M | No change |
| MKL Markel Group Inc. | 1.34% | 6,955 | $13.3M | Add +1.7% |
| B Barrick Mining Corp. | 1.31% | 319,030 | $13.0M | Reduce -3.5% |
| AGI Alamos Gold Inc. Class A | 0.94% | 210,376 | $9.3M | Add +0.2% |
| AAPL Apple Inc. | 0.88% | 34,539 | $8.8M | Reduce -0.2% |
| PAAS Pan American Silver Corp. | 0.72% | 131,950 | $7.2M | Reduce -7.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.70% | 12,067 | $7.0M | Add +5.6% |
| OXY Occidental Petroleum Corp. | 0.65% | 99,556 | $6.5M | Reduce -3.3% |
| LBRDK Liberty Broadband-C | 0.64% | 126,678 | $6.4M | Add +63.0% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.64% | 251,342 | $6.4M | Add +6.0% |
| DEM Wisdomtree Emerging Markets | 0.64% | 127,426 | $6.3M | Add +1.5% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.63% | 300,130 | $6.3M | Add +7.1% |
| ABBV Abbvie Inc. | 0.61% | 28,080 | $6.1M | Reduce -0.1% |
| GDX Vaneck Gold Miners ETF | 0.53% | 57,325 | $5.3M | Reduce -2.8% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.50% | 131,072 | $5.0M | Add +1.5% |
| OAKM Oakmark US Large Cap ETF | 0.47% | 171,110 | $4.7M | Add +30.2% |
| PSX Phillips 66 | 0.41% | 22,334 | $4.1M | Add +0.8% |
| AGG iShares Core U.S. Aggregate | 0.35% | 34,955 | $3.5M | Add +11.5% |
| SCHO Schwab Short-Term US Treas | 0.32% | 132,631 | $3.2M | Add +6.3% |
| CVS CVS Health Corp. | 0.31% | 42,357 | $3.0M | Reduce -1.3% |
| VOO Vanguard S&P 500 ETF | 0.30% | 5,079 | $3.0M | Add +22.7% |
| GOVT iShares US Treasury Bond ETF | 0.29% | 125,050 | $2.9M | Add +120.4% |
| PID Invesco International Divide | 0.27% | 122,042 | $2.7M | Reduce -5.5% |
| JPM JPMorgan Chase & Co. | 0.24% | 8,173 | $2.4M | No change |
| NVDA Nvidia Corp. | 0.24% | 13,711 | $2.4M | Add +0.9% |
| BSV Vanguard Short-Term Bond ETF | 0.20% | 25,902 | $2.0M | Reduce -0.7% |
| AMAT Applied Materials Inc. | 0.18% | 5,161 | $1.8M | No change |
| URNM Sprott Uranium Miners ETF | 0.17% | 27,330 | $1.7M | No change |
| COST Costco Wholesale Corp. | 0.17% | 1,689 | $1.7M | No change |
| VZ Verizon Communications Inc. | 0.17% | 33,277 | $1.7M | Reduce -13.2% |
| PM Philip Morris International | 0.16% | 9,563 | $1.6M | Reduce -1.2% |
| SMH Vaneck Semiconductor ETF | 0.16% | 4,100 | $1.6M | No change |
| ABT Abbott Laboratories | 0.14% | 13,610 | $1.4M | No change |
| GOOG Alphabet Inc. Class C | 0.14% | 4,802 | $1.4M | Reduce -0.7% |
| AMGN Amgen Inc. | 0.13% | 3,762 | $1.3M | No change |
| WDC Western Digital Corp. | 0.12% | 4,315 | $1.2M | Reduce -1.1% |
| SNDK Sandisk Corp. | 0.11% | 1,752 | $1.1M | Reduce -13.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.11% | 1,701 | $1.1M | Add +44.3% |
| DVN Devon Energy Corp. | 0.11% | 21,909 | $1.1M | Reduce -13.8% |
| MICC The Magnum Ice Cream Co. NV | 0.11% | 71,331 | $1.1M | Reduce -3.9% |
| MCD McDonald's Corp. | 0.10% | 3,343 | $1.0M | No change |
| XBI SS SPDR S&P Biotech ETF | 0.09% | 7,100 | $907K | No change |
| CAH Cardinal Health Inc. | 0.09% | 4,100 | $866K | No change |
| GLW Corning Inc. | 0.09% | 6,264 | $852K | Add +0.0% |
| GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC | 0.09% | 22,747 | $846K | Reduce -1.1% |
| VUSB Vanguard Ultra Short Bond Et | 0.08% | 16,805 | $837K | No change |
| WFC Wells Fargo & Co. | 0.08% | 9,500 | $756K | No change |
| MS Morgan Stanley | 0.08% | 4,550 | $749K | Add +5.2% |
| TSLA Tesla Inc. | 0.07% | 2,005 | $745K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 14,078 | $686K | No change |
| MMM 3M Co. | 0.07% | 4,510 | $655K | No change |
| CDNS Cadence Design SYS Inc. | 0.06% | 2,287 | $635K | No change |
| VSNT Versant Media Group Inc. | 0.06% | 17,119 | $634K | Reduce -3.1% |
| MDT Medtronic PLC | 0.06% | 7,252 | $628K | Reduce -23.1% |
| RTX RTX Corp. | 0.06% | 3,214 | $620K | Add +0.3% |
| ITA iShares U.S. Aerospace & Def | 0.06% | 2,649 | $579K | No change |
| SPG Simon Property Group Inc. | 0.06% | 3,065 | $572K | No change |
| COR Cencora Inc. | 0.06% | 1,788 | $562K | No change |
| MA Mastercard Inc. Class A | 0.06% | 1,103 | $551K | Reduce -1.3% |
| SNPS Synopsys Inc. | 0.06% | 1,382 | $548K | Reduce -1.1% |
| LLY Eli Lilly & Co. | 0.05% | 581 | $534K | No change |
| MO Altria Group Inc. | 0.05% | 8,008 | $528K | Reduce -11.1% |
| ORCL Oracle Corp. | 0.05% | 3,504 | $515K | Add +6.0% |
| VT Vanguard Tot World STK ETF | 0.05% | 3,571 | $494K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.05% | 4,986 | $481K | Reduce -1.6% |
| TGT Target Corp. | 0.05% | 3,891 | $472K | Reduce -2.5% |
| GS Goldman Sachs Group Inc. | 0.05% | 533 | $451K | No change |
| HD Home Depot Inc. | 0.04% | 1,350 | $444K | No change |
| NOC Northrop Grumman Corp. | 0.04% | 650 | $443K | No change |
| NSC Norfolk Southern Corp. | 0.04% | 1,535 | $441K | No change |
| QCOM Qualcomm Inc. | 0.04% | 3,380 | $435K | Add +11.6% |
| ROST Ross Stores Inc. | 0.04% | 2,000 | $433K | No change |
| CAT Caterpillar Inc. | 0.04% | 593 | $420K | No change |
| RGA Reinsurance Group of America | 0.04% | 2,050 | $419K | No change |
| BTI British American Tob-SP ADR | 0.04% | 7,095 | $415K | Reduce -1.1% |
| VYM Vanguard High DVD Yield ETF | 0.04% | 2,662 | $394K | No change |
| F Ford Motor Co. filed as FORD MTR CO | 0.04% | 32,595 | $376K | No change |
| FISV Fiserv Inc. | 0.04% | 6,710 | $374K | Reduce -0.1% |
| TXN Texas Instruments Inc. | 0.04% | 1,916 | $372K | No change |
Lines left out (1) · $4 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| BITO Proshares Bitcoin ETF-Usd | BITCOIN ETF | 0 | $4 |
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: $995.6M.
Portfolio Sells Q4 2025 → Q1 2026
| GOOGL Alphabet Inc. Class A | Reduce -8.2% | 4.80% | −1.18 |
| AEM Agnico Eagle Mines Ltd. | Reduce -3.5% | 8.38% | −0.95 |
| CEF Sprott Physical Gold and Sil | Reduce -8.4% | 2.75% | −0.89 |
| NEM Newmont Corp. | Reduce -6.6% | 2.42% | −0.67 |
| B Barrick Mining Corp. | Reduce -3.5% | 1.31% | −0.41 |
| META Meta Platforms Inc. Class A | Reduce 0.0% | 2.33% | −0.33 |
| UL Unilever PLC-Sponsored ADR | Reduce -0.0% | 1.90% | −0.27 |
| PAAS Pan American Silver Corp. | Reduce -7.3% | 0.72% | −0.20 |
| GDX Vaneck Gold Miners ETF | Reduce -2.8% | 0.53% | −0.12 |
| MDT Medtronic PLC | Reduce -23.1% | 0.06% | −0.03 |
| MICC The Magnum Ice Cream Co. NV | Reduce -3.9% | 0.11% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -0.7% | 0.14% | −0.02 |
| VOOG Vanguard S&P 500 Growth ETF | Sold out | 0.00% | −0.02 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.02 |
| PID Invesco International Divide | Reduce -5.5% | 0.27% | −0.02 |
| SNPS Synopsys Inc. | Reduce -1.1% | 0.06% | −0.02 |
| PM Philip Morris International | Reduce -1.2% | 0.16% | −0.01 |
| CVS CVS Health Corp. | Reduce -1.3% | 0.31% | −0.01 |
| DIS The Walt Disney Co. | Reduce -1.6% | 0.05% | −0.01 |
| FISV Fiserv Inc. | Reduce -0.1% | 0.04% | −0.01 |
| IYW iShares Ustechnology ETF | Reduce -26.7% | 0.01% | −0.01 |
| IGV iShares Expanded Tech-Softwa | Reduce -13.9% | 0.01% | −0.00 |
| MO Altria Group Inc. | Reduce -11.1% | 0.05% | −0.00 |
| WDC Western Digital Corp. | Reduce -1.1% | 0.12% | −0.00 |
| CRH CRH PLC | Sold out | 0.00% | −0.00 |
| UNH Unitedhealth Group Inc. | Reduce -2.5% | 0.02% | −0.00 |
| WHR Whirlpool Corp. | Reduce -15.4% | 0.00% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -1.3% | 0.06% | −0.00 |
| BTI British American Tob-SP ADR | Reduce -1.1% | 0.04% | −0.00 |
| QDF NT Qual Div ETF | Reduce -1.9% | 0.01% | −0.00 |
| WY Weyerhaeuser Co. | Reduce -3.5% | 0.01% | −0.00 |
| ICLN iShares Global Clean Energy | Reduce -0.1% | 0.01% | −0.00 |
| OGN Organon & Co. | Reduce -0.2% | 0.00% | −0.00 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -1.8% | 0.04% | 0.00 |
| EWU iShares MSCI United Kingdom | Reduce -9.1% | 0.00% | 0.00 |
| LSF Laird Superfood Inc. | Sold out | 0.00% | 0.00 |
| VDE Vanguard Energy ETF | Reduce -20.4% | 0.01% | 0.00 |
| SOLS Solstice Adv Materials Inc. | Reduce -6.0% | 0.00% | +0.00 |
| WM Waste Management Inc. | Reduce -0.6% | 0.04% | +0.00 |
| BSV Vanguard Short-Term Bond ETF | Reduce -0.7% | 0.20% | +0.00 |
| GLIBK Liberty Capital Corp. Class C | Reduce -1.1% | 0.09% | +0.00 |
| VSNT Versant Media Group Inc. | Reduce -3.1% | 0.06% | +0.01 |
| SNDK Sandisk Corp. | Reduce -13.0% | 0.11% | +0.01 |
| TGT Target Corp. | Reduce -2.5% | 0.05% | +0.01 |
| AAPL Apple Inc. | Reduce -0.2% | 0.88% | +0.01 |
| ABBV Abbvie Inc. | Reduce -0.1% | 0.61% | +0.01 |
| DVN Devon Energy Corp. | Reduce -13.8% | 0.11% | +0.01 |
| VZ Verizon Communications Inc. | Reduce -13.2% | 0.17% | +0.02 |
| OXY Occidental Petroleum Corp. | Reduce -3.3% | 0.65% | +0.20 |
| JNJ Johnson & Johnson | Reduce -3.9% | 3.91% | +0.21 |
Portfolio Buys Q4 2025 → Q1 2026
| SGOV iShares 0-3 Month Treasury B | Add +9.4% | 10.80% | +1.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.4% | 11.44% | +0.54 |
| TOTL SS Doubleline TR Tact ETF | Add +8.7% | 5.51% | +0.48 |
| COP Conocophillips | Add +1.0% | 1.60% | +0.41 |
| LBRDK Liberty Broadband-C | Add +63.0% | 0.64% | +0.32 |
| PFE Pfizer Inc. | Add +9.8% | 1.72% | +0.31 |
| MRK Merck & Co. Inc. | Add +1.0% | 2.07% | +0.29 |
| TDTF NT Iboxx 5Y Dur Tips ETF | Add +5.6% | 3.30% | +0.25 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +3.9% | 3.63% | +0.16 |
| GOVT iShares US Treasury Bond ETF | Add +120.4% | 0.29% | +0.16 |
| CMCSA Comcast Corp. Class A | Add +5.7% | 1.70% | +0.14 |
| OAKM Oakmark US Large Cap ETF | Add +30.2% | 0.47% | +0.11 |
| PSX Phillips 66 | Add +0.8% | 0.41% | +0.10 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +7.1% | 0.63% | +0.05 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +6.0% | 0.64% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +22.7% | 0.30% | +0.04 |
| AGG iShares Core U.S. Aggregate | Add +11.5% | 0.35% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +44.3% | 0.11% | +0.03 |
| SCHO Schwab Short-Term US Treas | Add +6.3% | 0.32% | +0.02 |
| AGI Alamos Gold Inc. Class A | Add +0.2% | 0.94% | +0.02 |
| GLW Corning Inc. | Add +0.0% | 0.09% | +0.02 |
| DEM Wisdomtree Emerging Markets | Add +1.5% | 0.64% | +0.01 |
| CDE Coeur Mining Inc. | New | 0.01% | +0.01 |
| V Visa Inc. Class A | Add +6.4% | 2.37% | +0.01 |
| VLO Valero Energy Corp. | Add +0.2% | 0.03% | +0.01 |
| XOP SS SPDR S&P Og Exp & Prod | New | 0.01% | +0.01 |
| NOW ServiceNow Inc. | New | 0.01% | +0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +8.5% | 0.03% | +0.00 |
| BUG Global X Cybersecurity ETF | Add +112.5% | 0.00% | +0.00 |
| MUC BlackRock Munihold Ca QLTY | New | 0.00% | +0.00 |
| DELL Dell Technologies -C | Add +0.3% | 0.00% | +0.00 |
| CSCO Cisco Systems Inc. | Add +3.4% | 0.04% | +0.00 |
| PSLV Sprott Physical Silver Trust | New | 0.00% | +0.00 |
| AU Anglogold Ashanti PLC | New | 0.00% | +0.00 |
| SIL Global X Silver Miners ETF | New | 0.00% | +0.00 |
| SCHD Schwab US DVD Equity ETF | Add +0.2% | 0.01% | +0.00 |
| WAT Waters Corp. | New | 0.00% | +0.00 |
| SILJ Amplify Junior Silver Miners | New | 0.00% | +0.00 |
| BBY Best Buy Co. Inc. | Add +1.5% | 0.03% | +0.00 |
| WBD Warner Bros Discovery Inc. | New | 0.00% | +0.00 |
| GILD Gilead Sciences Inc. | Add +0.6% | 0.01% | +0.00 |
| HSLV Highlander Silver Corp. | New | 0.00% | +0.00 |
| MTSI Macom Technology Solutions H | New | 0.00% | +0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +12.0% | 0.00% | +0.00 |
| PHYS Sprott Physical Gold Trust | Add +16.2% | 0.00% | +0.00 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Add +0.4% | 0.01% | +0.00 |
| MNKD Mannkind Corp. | Add +100.0% | 0.00% | 0.00 |
| NNVC Nanoviricides Inc. | New | 0.00% | 0.00 |
| NOBL Proshares S&P 500 Dividend A | Add +0.3% | 0.00% | 0.00 |
| RIVN Rivian Automotive Inc. Class A | Add +171.4% | 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 |