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

0$500.0M$1.0B$1.5B Q1 2024: $455.6M Q1 2024 Q2 2024: $511.3M Q2 2024 Q3 2024: $530.1M Q3 2024 Q4 2024: $521.6M Q4 2024 Q1 2025: $813.1M Q1 2025 Q2 2025: $872.3M Q2 2025 Q3 2025: $940.2M Q3 2025 Q4 2025: $1.0B Q4 2025 Q1 2026: $995.6M $995.6M Q1 2026 Q2 2026: $984.0M Q2 2026

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
SLV iShares Silver Trust 0.04% 5,430 $370K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.04% 847 $370K No change
INTC Intel Corp. 0.04% 8,314 $367K No change
WM Waste Management Inc. 0.04% 1,592 $366K Reduce -0.6%
CSCO Cisco Systems Inc. 0.04% 4,629 $359K Add +3.4%
SHY iShares 1-3 Year Treasury Bo 0.04% 4,251 $351K Reduce -1.8%
PNC PNC Financial Services Group 0.04% 1,675 $349K No change
PAVE Global X US Infrastructure 0.03% 6,500 $330K No change
C Citigroup Inc. 0.03% 2,883 $327K No change
BBY Best Buy Co. Inc. 0.03% 5,075 $326K Add +1.5%
VGT Vanguard Info Tech ETF 0.03% 461 $322K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.03% 6,078 $319K Add +8.5%
BA The Boeing Co. 0.03% 1,586 $316K Add +14.4%
KO The Coca-Cola Co. 0.03% 4,089 $311K No change
ACM Aecom 0.03% 3,525 $299K No change
VLO Valero Energy Corp. 0.03% 1,163 $287K Add +0.2%
STT State Street Corp. 0.03% 2,069 $262K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 1,598 $255K No change
UNH Unitedhealth Group Inc. 0.02% 886 $240K Reduce -2.5%
ADP Automatic Data Processing 0.02% 1,178 $239K No change
CSX CSX Corp. 0.02% 5,730 $235K No change
BLDR Builders Firstsource Inc. 0.02% 2,825 $233K Add +5.6%
XLK SS Technology Select Sector 0.02% 1,712 $228K No change
WMT Walmart Inc. 0.02% 1,807 $225K No change
PLD Prologis Inc. 0.02% 1,600 $211K No change
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.02% 158 $209K No change
IJR iShares Core S&P Small-Cap E 0.02% 1,626 $202K No change
UBS UBS Group AG-Reg 0.02% 5,119 $200K No change
TMO Thermo Fisher Scientific Inc. 0.02% 405 $199K No change
NKE Nike Inc. Class B 0.02% 3,556 $188K Add +12.7%
GLD SPDR Gold Shares 0.02% 434 $187K No change
HON Honeywell International Inc. 0.02% 822 $186K No change
USO United States Oil Fund LP 0.02% 1,430 $182K No change
MOAT Vaneck Morningstar Wide Moat 0.02% 1,851 $179K No change
LMT Lockheed Martin Corp. 0.02% 277 $167K No change
DLR Digital Realty Trust Inc. 0.02% 886 $160K No change
XLV SS Health Care Select Sector 0.02% 1,056 $155K No change
EMMF Wisdomtree Emerging Markets 0.02% 4,606 $153K No change
COF Capital One Financial Corp. 0.02% 825 $151K No change
CNI Canadian Natl Railway Co. 0.01% 1,450 $149K No change
VTI VG Morningstar TS MKT ETF-US 0.01% 459 $147K No change
NFLX Netflix Inc. 0.01% 1,510 $145K No change
ICLN iShares Global Clean Energy 0.01% 7,908 $145K Reduce -0.1%
AXP American Express Co. 0.01% 475 $144K No change
XLE SS Energy Select Sector 0.01% 2,324 $142K No change
QDF NT Qual Div ETF 0.01% 1,762 $139K Reduce -1.9%
NDAQ Nasdaq Inc. 0.01% 1,638 $139K No change
SCHD Schwab US DVD Equity ETF 0.01% 4,456 $137K Add +0.2%
CDE Coeur Mining Inc. 0.01% 7,238 $136K New
FNV Franco-Nevada Corp. 0.01% 525 $130K No change
BMY Bristol-Myers Squibb Co. 0.01% 2,125 $129K No change
IGV iShares Expanded Tech-Softwa 0.01% 1,550 $124K Reduce -13.9%
YUM Yum! Brands Inc. 0.01% 790 $123K No change
HDV iShares Core High Dividend E 0.01% 894 $121K No change
VDE Vanguard Energy ETF 0.01% 653 $113K Reduce -20.4%
FNDB Schwab Fndmntl US BRD Mr ETF 0.01% 4,069 $111K Add +0.4%
GVA Granite Construction Inc. 0.01% 888 $107K No change
IYR iShares US Real Estate ETF 0.01% 1,080 $102K No change
GILD Gilead Sciences Inc. 0.01% 732 $102K Add +0.6%
IYW iShares Ustechnology ETF 0.01% 550 $100K Reduce -26.7%
DHR Danaher Corp. 0.01% 525 $100K No change
TSM Taiwan Semiconductor-SP ADR 0.01% 287 $97K No change
ALL Allstate Corp. 0.01% 464 $96K No change
MCO Moody's Corp. 0.01% 220 $96K No change
SBUX Starbucks Corp. 0.01% 1,067 $96K Add +0.1%
HASI Ha Sustainable Infrastructur 0.01% 2,514 $92K No change
PLTR Palantir Technologies Inc. Class A 0.01% 631 $92K Add +4.1%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.01% 1,350 $89K No change
ZTS Zoetis Inc. 0.01% 752 $89K No change
CALI Ishrs SH-TRM Ca Muni Act ETF 0.01% 1,750 $88K No change
DLN Wisdomtree US Largecap Divid 0.01% 974 $87K No change
EPD Enterprise Products Partners 0.01% 2,250 $85K No change
PH Parker Hannifin Corp. 0.01% 95 $85K No change
CME Cme Group Inc. 0.01% 280 $83K No change
CLF Cleveland-Cliffs Inc. 0.01% 9,550 $81K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 328 $80K No change
PAA Plains All Amer Pipeline LP 0.01% 3,540 $79K No change
ADBE Adobe Inc. 0.01% 322 $78K No change
RKLB Rocket Lab Corp. 0.01% 1,216 $78K No change
MU Micron Technology Inc. 0.01% 230 $78K No change
RKT Rocket Cos Inc. Class A 0.01% 5,408 $77K Add +38.4%
SCHG Schwab US Large-Cap Growth 0.01% 2,521 $73K Add +0.1%
CHKP Check Point Software Tech 0.01% 500 $71K No change
WY Weyerhaeuser Co. 0.01% 2,915 $71K Reduce -3.5%
AXON Axon Enterprise Inc. 0.01% 163 $69K No change
PG The Procter & Gamble Co. 0.01% 477 $69K No change
DGX Quest Diagnostics Inc. 0.01% 324 $63K No change
PEP Pepsico Inc. 0.01% 395 $61K No change
CPRT Copart Inc. 0.01% 1,786 $59K No change
XOP SS SPDR S&P Og Exp & Prod 0.01% 325 $59K New
KSS Kohls Corp. 0.01% 4,061 $52K No change
LOW Lowe's Cos Inc. 0.01% 217 $51K No change
DGRW Wisdomtree U.S. Quality Divi 0.01% 571 $50K No change
NOW ServiceNow Inc. 0.01% 475 $50K New
PGR Progressive Corp. 0.01% 250 $50K No change
PHYS Sprott Physical Gold Trust 0.00% 1,365 $48K Add +16.2%
QUAL iShares MSCI USA Quality Fac 0.00% 249 $48K No change
KKR KKR & Co. Inc. 0.00% 510 $47K No change
DELL Dell Technologies -C 0.00% 287 $47K Add +0.3%
SHEL Shell PLC-ADR 0.00% 500 $47K No change
AVGO Broadcom Inc. 0.00% 150 $46K No change
ILCG iShares Morningstar Growth E 0.00% 458 $44K No change
IGPT Invesco AI and Next Gen Soft 0.00% 750 $44K No change
BUG Global X Cybersecurity ETF 0.00% 1,700 $43K Add +112.5%
RSG Republic Services Inc. 0.00% 194 $42K No change
DE Deere & Co. 0.00% 75 $42K No change
OKE Oneok Inc. 0.00% 463 $42K No change
WPC WP Carey Inc. 0.00% 608 $41K No change
LGND Ligand Pharmaceuticals 0.00% 200 $40K No change
PAYX Paychex Inc. 0.00% 432 $40K No change
YUMC Yum China Holdings Inc. 0.00% 798 $39K No change
NOBL Proshares S&P 500 Dividend A 0.00% 356 $38K Add +0.3%
FICO Fair Isaac Corp. 0.00% 34 $36K No change
VTRS Viatris Inc. 0.00% 2,634 $36K No change
HCA HCA Healthcare Inc. 0.00% 75 $35K No change
IVV iShares Core S&P 500 ETF 0.00% 53 $35K No change
BRO Brown & Brown Inc. 0.00% 530 $35K No change
BX Blackstone Inc. 0.00% 300 $34K No change
RIO Rio Tinto PLC-Spon ADR 0.00% 368 $34K No change
BDX Becton Dickinson and Co. 0.00% 218 $34K No change
SYY Sysco Corp. 0.00% 475 $34K No change
ACIW Aci Worldwide Inc. 0.00% 800 $33K No change
BLK BlackRock Inc. 0.00% 33 $32K No change
CP Canadian Pacific Kansas City 0.00% 400 $31K No change
VEU Vanguard Ftse All-World Ex-U 0.00% 402 $30K No change
WHR Whirlpool Corp. 0.00% 550 $30K Reduce -15.4%
SO The Southern Co. 0.00% 305 $29K No change
EXE Expand Energy Corp. 0.00% 265 $29K No change
APD Air Products & Chemicals Inc. 0.00% 100 $29K No change
PSI Invesco Semiconductors ETF 0.00% 300 $28K No change
CARR Carrier Global Corp. 0.00% 502 $28K No change
SPAB SS SPDR P Agg Bond ETF 0.00% 1,100 $28K No change
ACN Accenture PLC Class A 0.00% 140 $28K No change
PPG PPG Industries Inc. 0.00% 241 $26K Add +0.4%
NAMS Newamsterdam Pharma Co. NV 0.00% 796 $25K No change
BND Vanguard Total Bond Market 0.00% 343 $25K No change
HPQ HP Inc. 0.00% 1,300 $25K No change
NICE Nice Ltd. - Spon ADR 0.00% 225 $25K No change
NLR Vaneck Urani & Nuclr ETF-Usd 0.00% 184 $25K No change
PRU Prudential Financial Inc. 0.00% 250 $24K No change
TEVA Teva Pharmaceutical-SP ADR 0.00% 800 $24K No change
SCHE Schwab Emrg Mrkts Eqty ETF 0.00% 720 $24K Add +12.0%
NUKZ Range Nuclear Renaissance filed as EXCHANGE TRADED CONCEPTS TRU 0.00% 360 $24K No change
EXPE Expedia Group Inc. 0.00% 100 $23K No change
ADSK Autodesk Inc. 0.00% 96 $23K No change
T AT&T Inc. 0.00% 791 $23K No change
NXPI NXP Semiconductors NV 0.00% 115 $23K No change
SPGI S&P Global Inc. 0.00% 52 $22K No change
SCHF Schwab Intl Equity ETF 0.00% 876 $22K No change
VIG Vanguard Dividend Apprec ETF 0.00% 100 $22K No change
NEE Nextera Energy Inc. 0.00% 223 $21K No change
DEO Diageo PLC-Sponsored ADR 0.00% 273 $20K No change
IWD iShares Russell 1000 Value E 0.00% 95 $20K No change
DLB Dolby Laboratories Inc. Class A 0.00% 337 $20K No change
USIG iShares Broad Usd Investment 0.00% 389 $20K No change
GNRC Generac Holdings Inc. 0.00% 100 $20K No change
EFA iShares MSCI Eafe ETF 0.00% 195 $19K No change
HACK Amplify Cybersecurity ETF 0.00% 250 $19K No change
FDTX Fidelity Disrupt Tech ETF 0.00% 500 $18K No change
ARCC Ares Capital Corp. 0.00% 1,000 $18K No change
MUC BlackRock Munihold Ca QLTY 0.00% 1,718 $18K New
VEA Vanguard Ftse Developed ETF 0.00% 278 $18K No change
SPOT Spotify Technology SA 0.00% 35 $17K No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.00% 106 $17K No change
ITOT iShares Core S&P Total U.S. 0.00% 115 $16K No change
KLAC KLA Corp. 0.00% 11 $16K No change
IVW iShares S&P 500 Growth ETF 0.00% 141 $16K No change
MSTR Strategy Inc. 0.00% 120 $15K No change
AMP Ameriprise Financial Inc. 0.00% 33 $15K No change
SMFG Sumitomo Mitsui-Spons ADR 0.00% 728 $14K No change
MET Metlife Inc. 0.00% 200 $14K No change
GTLS Chart Industries Inc. 0.00% 65 $13K No change
DAL Delta Air Lines Inc. 0.00% 200 $13K No change
TTC Toro Co. 0.00% 142 $13K No change
LMBS First Trust Low Duration Opp 0.00% 255 $13K No change
RACE Ferrari NV 0.00% 37 $13K No change
IHF iShares U.S. Healthcare Prov 0.00% 299 $13K No change
Q Qnity Electronics Inc. 0.00% 106 $12K No change
PSLV Sprott Physical Silver Trust 0.00% 500 $12K New
BUFF Innovator Laddered Allocatio 0.00% 244 $12K No change
IJH iShares Core S&P Midcap ETF 0.00% 178 $12K No change
VLTO Veralto Corp. 0.00% 133 $12K No change
USB US Bancorp 0.00% 225 $12K No change
EES Wisdomtree US Smallcap Fund 0.00% 199 $12K No change
FDS Factset Research Systems Inc. 0.00% 51 $11K No change
SOLS Solstice Adv Materials Inc. 0.00% 141 $11K Reduce -6.0%
AU Anglogold Ashanti PLC 0.00% 100 $10K New
AMLP Alerian MLP ETF 0.00% 172 $9K No change
SIL Global X Silver Miners ETF 0.00% 100 $9K New
TECH Bio-Techne Corp. 0.00% 172 $9K No change
KMX Carmax Inc. 0.00% 200 $8K No change
JOBY Joby Aviation Inc. 0.00% 1,000 $8K No change
KRE SS SPDR S&P Regional Bank 0.00% 125 $8K No change
WAT Waters Corp. 0.00% 27 $8K New
VDC Vanguard Consumer Staple ETF 0.00% 35 $8K No change
FINX Global X Fintech ETF 0.00% 325 $8K No change
GM General Motors Co. 0.00% 100 $7K No change
BAX Baxter International Inc. 0.00% 435 $7K No change
XMHQ Invesco S&P Midcap Qual ETF 0.00% 68 $7K No change
STM Stmicroelectronics NV-NY SHS 0.00% 200 $7K No change
EEM iShares MSCI Emerging Market 0.00% 120 $7K No change
SCHZ Schwab US Aggregate Bond ETF 0.00% 289 $7K Add +0.7%
BANR Banner Corporation 0.00% 110 $7K No change
SYK Stryker Corp. 0.00% 20 $7K No change
OGN Organon & Co. 0.00% 1,111 $7K Reduce -0.2%
URI United Rentals Inc. 0.00% 9 $7K No change
BHVN Biohaven Ltd. 0.00% 750 $6K No change
MTD Mettler-Toledo International 0.00% 5 $6K No change
ZM Zoom Communications Inc. 0.00% 75 $6K No change
IEFA iShares Core MSCI Eafe ETF 0.00% 66 $6K No change
SILJ Amplify Junior Silver Miners 0.00% 200 $6K New
BIL SS SPDR BB 1-3M T-Bill ETF 0.00% 63 $6K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.00% 20 $6K No change
RGTI Rigetti Computing Inc. 0.00% 400 $6K No change
LIT Global X Lithium & Battery T 0.00% 75 $6K No change
IHDG Wisdomtree International Hed 0.00% 116 $6K No change
IWM iShares Russell 2000 ETF 0.00% 22 $5K No change
SCHX Schwab US Large-Cap ETF 0.00% 193 $5K Add +0.5%
VGK Vanguard Ftse Europe ETF 0.00% 60 $5K No change
MSCI MSCI Inc. 0.00% 9 $5K No change
ITDG iShares Lifepth Targ DT 2055 0.00% 126 $5K No change
IVE iShares S&P 500 Value ETF 0.00% 22 $5K No change
GBTC Grayscale Bitcoin Trust ETF 0.00% 83 $4K No change
WBD Warner Bros Discovery Inc. 0.00% 155 $4K New
COIN Coinbase Global Inc. Class A 0.00% 24 $4K No change
IEMG iShares Core MSCI Emerging 0.00% 60 $4K No change
VWO Vanguard Ftse Emerging Marke 0.00% 77 $4K No change
DVY iShares Select Dividend ETF 0.00% 27 $4K No change
RLY SS Multi-Asset Real Ret ETF 0.00% 111 $4K No change
KEY Keycorp 0.00% 200 $4K No change
GSLC Goldman Activebeta US LC ETF 0.00% 30 $4K No change
SWKS Skyworks Solutions Inc. 0.00% 70 $4K No change
MFIC Midcap Financial Investment 0.00% 333 $4K No change
VXF Vanguard Extended Market ETF 0.00% 17 $3K No change
SCHM Schwab US Mid Cap ETF 0.00% 108 $3K No change
CAVA Cava Group Inc. 0.00% 40 $3K No change
PYPL PayPal Holdings Inc. 0.00% 68 $3K No change
GSIE Goldman Sachs Activebeta Int 0.00% 69 $3K No change
HSLV Highlander Silver Corp. 0.00% 500 $3K New
UNG US Natural Gas Fund LP 0.00% 240 $3K No change
GEM Goldman Sachs Activebeta Em 0.00% 65 $3K No change
BLKB Blackbaud Inc. 0.00% 72 $3K No change
LRGF iShares US Equity Factor ETF 0.00% 40 $3K No change
PDBC Invesco Optimum Yield Divers 0.00% 146 $3K No change
BABA Alibaba Group Holding-SP ADR 0.00% 20 $3K No change
SNAP Snap Inc. Class A 0.00% 500 $2K No change
TRC Tejon Ranch Co. 0.00% 120 $2K No change
CRON Cronos Group Inc. 0.00% 900 $2K No change
MTSI Macom Technology Solutions H 0.00% 10 $2K New
IONS Ionis Pharmaceuticals Inc. 0.00% 28 $2K No change
D Dominion Energy Inc. 0.00% 34 $2K No change
NTES Netease Inc.-ADR 0.00% 18 $2K No change
OKLO Oklo Inc. 0.00% 40 $2K No change
NULV Nuveen ESG Large-Cap Val ETF 0.00% 42 $2K No change
GNPX Genprex Inc. 0.00% 1,000 $2K No change
NB Niocorp Developments Ltd. 0.00% 400 $2K No change
OABI Omniab Inc. 0.00% 980 $2K No change
CNNE Cannae Holdings Inc. 0.00% 130 $1K No change
CI The Cigna Group 0.00% 5 $1K No change
HPE Hewlett Packard Enterprise 0.00% 55 $1K No change
INTU Intuit Inc. 0.00% 3 $1K No change
GDXJ Vaneck Junior Gold Miners 0.00% 10 $1K No change
SHOP Shopify Inc. Class A 0.00% 10 $1K No change
FTGC First Trust Global Tactical 0.00% 38 $1K No change
FCEL Fuelcell Energy Inc. 0.00% 167 $1K No change
BHF Brighthouse Financial Inc. 0.00% 18 $1K No change
ETHE Grayscale Ethereum Staking E 0.00% 63 $1K No change
USHY iShares Broad Usd High Yield 0.00% 29 $1K No change
MDB Mongodb Inc. 0.00% 4 $979 No change
HOOD Robinhood Markets Inc. Class A 0.00% 14 $970 No change
DPST Dirx DLY RGNL BNK B3X ETF-Ui 0.00% 10 $967 No change
MAYS Mays (j.w.) Inc. 0.00% 24 $960 No change
WEC WEC Energy Group Inc. 0.00% 8 $926 No change
S Sentinelone Inc. Class A 0.00% 68 $876 No change
FLO Flowers Foods Inc. 0.00% 100 $815 No change
CHWY Chewy Inc. Class A 0.00% 25 $675 No change
VTV Vanguard Mrngstr Val ETF-Aui 0.00% 3 $589 No change
NYXH Nyxoah SA 0.00% 200 $584 No change
RIVN Rivian Automotive Inc. Class A 0.00% 38 $572 Add +171.4%
FNDA Schwab Fndmntl US SM Co. ETF 0.00% 17 $551 No change
HEDJ Wisdomtree Europe Hedged Equ 0.00% 11 $550 No change
TRVG Trivago N V 0.00% 200 $542 No change
SPMD SS SPDR P S&P 400 Midcap ETF 0.00% 9 $533 No change
ULTA Ulta Beauty Inc. 0.00% 1 $523 No change
MNKD Mannkind Corp. 0.00% 200 $490 Add +100.0%
BTC Grayscale Bitcoin Mini ETF 0.00% 16 $480 No change
NLOP Net Lease Office Property 0.00% 40 $461 No change
MRNA Moderna Inc. 0.00% 9 $457 No change
EWU iShares MSCI United Kingdom 0.00% 10 $442 Reduce -9.1%
BLOK Amplify Blockchain Tech ETF 0.00% 7 $368 No change
SCCO Southern Copper Corp. 0.00% 2 $344 New
LULU Lululemon Athletica Inc. 0.00% 2 $306 No change
PLUG Plug Power Inc. filed as PLUG PWR INC 0.00% 133 $301 No change
MBB iShares MBS ETF 0.00% 3 $285 No change
DXC DXC Technology Co. 0.00% 21 $264 No change
LBRDA Liberty Broadband-A 0.00% 5 $251 No change
WAB Wabtec Corp. 0.00% 1 $250 No change
AFRM Affirm Holdings Inc. 0.00% 5 $229 No change
CGC Canopy Growth Corp. 0.00% 234 $222 No change
VOD Vodafone Group PLC-SP ADR 0.00% 14 $210 No change
VCSH Vanguard S/T Corp. Bond ETF 0.00% 2 $159 No change
VXUS Vanguard Total Intl Stock 0.00% 2 $158 No change
TLRY Tilray Brands Inc. 0.00% 22 $142 No change
XEADX Allspring Income Opport 0.00% 19 $123 No change
ETH Grayscale Ethereum Staking M 0.00% 6 $119 No change
VGIT Vanguard Intermediate-Term T 0.00% 2 $119 No change
VGSH Vanguard Short-Term Treasury 0.00% 2 $117 No change
OMAB Grupo Aeroportuario Cen-ADR 0.00% 1 $115 No change
LUMN Lumen Technologies Inc. 0.00% 16 $111 No change
IGIB iShares 5-10Y Inv Grade Corp. 0.00% 2 $106 No change
TD Toronto-Dominion Bank 0.00% 1 $93 No change
KVUE Kenvue Inc. 0.00% 5 $86 No change
CLB Core Laboratories Inc. 0.00% 4 $67 No change
NNVC Nanoviricides Inc. 0.00% 72 $66 New
RELX Relx PLC - Spon ADR 0.00% 2 $66 No change
GLIBA Liberty Capital Corp. filed as GCI LIBERTY INC 0.00% 1 $37 No change
EMBC Embecta Corp. 0.00% 4 $35 No change
NVNIF Nvni Group Ltd. 0.00% 28 $32 No change
STVN Stevanato Group SPA 0.00% 2 $28 No change
KALA PHARMACEUTICALS INC filed as KALA BIO INC COM 0.00% 153 $26 No change
GME Gamestop Corp. Class A 0.00% 1 $23 No change
PCG P G & E Corp. 0.00% 1 $18 No change
LSTA Lisata Therapeutics Inc. 0.00% 3 $15 No change
ACB Aurora Cannabis Inc. 0.00% 4 $13 No change
Lines left out (1) · $4 — a value with no share or principal amount
SecurityClassSharesValue
BITO Proshares Bitcoin ETF-Usd BITCOIN ETF0$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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 441$984.0MBRK.B, SGOV, AEM, GOOGL, TOTL
Q1 2026 424$995.6MBRK.B, SGOV, AEM, TOTL, GOOGL
Q4 2025 414$1.0BBRK.B, SGOV, AEM, GOOGL, TOTL
Q3 2025 442$940.2MBRK.B, SGOV, AEM, GOOGL, TOTL
Q2 2025 431$872.3MBRK.B, SGOV, AEM, GOOGL, TOTL
Q1 2025 453$813.1MBRK.B, SGOV, AEM, TOTL, GOOGL
Q4 2024 70$521.6MBRK.B, GOOGL, AEM, META, JNJ
Q3 2024 67$530.1MBRK.B, AEM, GOOGL, JNJ, MSFT
Q2 2024 69$511.3MBRK.B, GOOGL, AEM, MSFT, JNJ
Q1 2024 62$455.6MBRK.B, GOOGL, AEM, MSFT, JNJ