Kercheville Advisors, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 30, 2026), Kercheville Advisors, LLC reported 108 stock positions worth $328.4 million. Its top holding was Nvidia (NVDA) at 6.8% of the portfolio, followed by Amazon.com (AMZN, 6.6%) and Apple (AAPL, 6.1%). Compared with Q1 2026, it opened 13 new positions, sold out of 11, added to 35 and reduced 40. The biggest buy was Dell Technologies -C (DELL, shares +193%) and the biggest sale an exit from Exxon Mobil (XOM).
- Most Recent 13F
- Q2 2026
- Location
- San Antonio, TX
- CIK
- 0001890748
- Portfolio Value
- $328.4M (Q2 2026)
- SEC Filing
- 0002085853-26-000915 ↗ filed Jul 30, 2026
Holdings Value
Holdings 108 stocks · $328.4M
| NVDA Nvidia Corp. | 6.77% | 111,087 | $22.2M | Reduce -2.8% |
| AMZN Amazon.com Inc. | 6.61% | 91,063 | $21.7M | Reduce -0.4% |
| AAPL Apple Inc. | 6.14% | 69,676 | $20.2M | Reduce -0.7% |
| GOOG Alphabet Inc. Class C | 5.79% | 53,782 | $19.0M | Reduce -1.4% |
| AEM Agnico Eagle Mines Ltd. | 3.87% | 81,877 | $12.7M | Reduce -20.9% |
| COST Costco Wholesale Corp. | 3.47% | 12,171 | $11.4M | Reduce -2.5% |
| SUN Sunoco LP | 3.27% | 159,086 | $10.7M | Add +3.3% |
| AMD Advanced Micro Devices | 3.02% | 17,100 | $9.9M | Reduce -5.7% |
| GEV GE Vernova Inc. | 2.91% | 8,130 | $9.6M | Add +6.5% |
| GOOGL Alphabet Inc. Class A | 2.82% | 25,952 | $9.3M | Reduce -4.0% |
| GDX Vaneck Gold Miners ETF | 2.38% | 103,776 | $7.8M | Reduce -20.1% |
| MPLX MPLX LP | 2.36% | 137,657 | $7.8M | Add +1.7% |
| META Meta Platforms Inc. Class A | 2.34% | 13,634 | $7.7M | Reduce -22.3% |
| LLY Eli Lilly & Co. | 2.19% | 6,001 | $7.2M | Add +193.0% |
| DELL Dell Technologies -C | 2.17% | 16,550 | $7.1M | Add +192.8% |
| WMT Walmart Inc. | 2.15% | 62,399 | $7.1M | Reduce -1.8% |
| MU Micron Technology Inc. | 2.11% | 5,998 | $6.9M | Reduce -51.5% |
| TSLA Tesla Inc. | 2.04% | 15,895 | $6.7M | Add +0.5% |
| GDXJ Vaneck Junior Gold Miners | 1.92% | 64,321 | $6.3M | Reduce -24.7% |
| BE Bloom Energy Corp. Class A | 1.73% | 18,765 | $5.7M | Reduce -41.1% |
| IBRX Immunitybio Inc. | 1.72% | 644,685 | $5.6M | Add +0.2% |
| CAT Caterpillar Inc. | 1.68% | 5,190 | $5.5M | Add +81.2% |
| INTC Intel Corp. | 1.50% | 35,381 | $4.9M | New |
| LUV Southwest Airlines Co. | 1.41% | 89,874 | $4.6M | Reduce -0.3% |
| MSFT Microsoft Corp. | 1.40% | 12,294 | $4.6M | Reduce -17.9% |
| SBUX Starbucks Corp. | 1.30% | 41,868 | $4.3M | Add +26.6% |
| CCJ Cameco Corp. | 1.29% | 41,702 | $4.2M | Reduce -3.5% |
| NFLX Netflix Inc. | 1.26% | 57,786 | $4.1M | Reduce -31.5% |
| XBI SS SPDR S&P Biotech ETF | 1.19% | 24,795 | $3.9M | Add +322.4% |
| EPD Enterprise Products Partners | 1.15% | 102,920 | $3.8M | Add +10.3% |
| BX Blackstone Inc. | 0.98% | 27,460 | $3.2M | Reduce -2.5% |
| CELH Celsius Holdings Inc. | 0.95% | 106,330 | $3.1M | Reduce -39.8% |
| GLD SPDR Gold Shares | 0.80% | 7,144 | $2.6M | Reduce -6.5% |
| UBER Uber Technologies Inc. | 0.74% | 33,461 | $2.4M | Reduce -6.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.63% | 4,156 | $2.1M | Reduce -11.9% |
| AGI Alamos Gold Inc. Class A | 0.61% | 66,425 | $2.0M | Reduce -13.9% |
| UTG Reaves Utility Income Fund | 0.61% | 49,353 | $2.0M | Add +3.6% |
| ET Energy Transfer LP | 0.58% | 100,459 | $1.9M | Add +28.8% |
| PLTR Palantir Technologies Inc. Class A | 0.58% | 16,410 | $1.9M | Reduce -33.9% |
| GLW Corning Inc. | 0.55% | 7,055 | $1.8M | Add +125.4% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.49% | 137,134 | $1.6M | Reduce -6.1% |
| SPCX Space Exploration Techn Class A | 0.46% | 8,890 | $1.5M | New |
| PYLD PIMCO Multisector Bond Actv | 0.46% | 57,030 | $1.5M | Add +1.2% |
| CSCO Cisco Systems Inc. | 0.46% | 12,815 | $1.5M | Add +0.8% |
| MRVL Marvell Technology Inc. | 0.45% | 5,014 | $1.5M | New |
| DE Deere & Co. | 0.44% | 2,260 | $1.4M | No change |
| CVX Chevron Corp. | 0.43% | 8,481 | $1.4M | Reduce -7.6% |
| TYG Tortoise Energy Infrastruct | 0.41% | 31,559 | $1.4M | Add +36.6% |
| MCD McDonald's Corp. | 0.41% | 4,972 | $1.3M | Reduce -2.4% |
| IWM iShares Russell 2000 ETF | 0.40% | 4,360 | $1.3M | New |
| PSNL Personalis Inc. | 0.38% | 93,800 | $1.3M | New |
| HD Home Depot Inc. | 0.34% | 3,175 | $1.1M | No change |
| NAD Nuveen Quality Municipal Inc. | 0.34% | 92,362 | $1.1M | Add +0.1% |
| SNDK Sandisk Corp. | 0.34% | 490 | $1.1M | New |
| PANW Palo Alto Networks Inc. | 0.33% | 3,200 | $1.1M | New |
| SNPS Synopsys Inc. | 0.30% | 2,231 | $995K | Reduce -55.2% |
| ALG Alamo Group Inc. | 0.30% | 5,900 | $970K | No change |
| AKAM Akamai Technologies Inc. | 0.30% | 8,200 | $969K | Add +18.0% |
| WES Western Midstream Partners L | 0.29% | 22,000 | $963K | Add +14.0% |
| STX Seagate Technology Holdings | 0.23% | 800 | $772K | Reduce -15.8% |
| NVG Nuveen Amt-FR Muni CRDT | 0.23% | 59,123 | $757K | Reduce -11.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.23% | 1 | $749K | No change |
| AVGO Broadcom Inc. | 0.22% | 1,915 | $723K | Reduce -3.8% |
| SHOP Shopify Inc. Class A | 0.21% | 6,130 | $700K | Reduce -10.5% |
| UPS United Parcel Service Class B | 0.20% | 6,188 | $665K | Add +10.1% |
| BA The Boeing Co. | 0.19% | 2,914 | $631K | Add +5.4% |
| TT Trane Technologies PLC | 0.17% | 1,156 | $568K | No change |
| GS Goldman Sachs Group Inc. | 0.17% | 543 | $549K | Add +44.8% |
| STLD Steel Dynamics Inc. | 0.17% | 2,382 | $547K | No change |
| UPST Upstart Holdings Inc. | 0.16% | 15,000 | $531K | No change |
| MRK Merck & Co. Inc. | 0.16% | 4,003 | $514K | No change |
| WDC Western Digital Corp. | 0.16% | 800 | $511K | Reduce -33.3% |
| UEC Uranium Energy Corp. | 0.15% | 45,600 | $486K | Reduce -24.7% |
| GRMN Garmin Ltd. | 0.14% | 2,000 | $475K | No change |
| VLO Valero Energy Corp. | 0.14% | 1,798 | $468K | No change |
| TEI Templeton Emrg MKTS Inc. | 0.13% | 64,639 | $436K | Add +1.6% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.13% | 9,600 | $435K | No change |
| AMLP Alerian MLP ETF | 0.13% | 8,150 | $423K | No change |
| CRDO Credo Technology Group Holdi | 0.12% | 1,435 | $390K | New |
| FNV Franco-Nevada Corp. | 0.12% | 1,832 | $382K | Add +0.1% |
| VRT Vertiv Holdings Co. Class A | 0.11% | 1,100 | $368K | New |
| ABBV Abbvie Inc. | 0.11% | 1,416 | $356K | Add +0.1% |
| V Visa Inc. Class A | 0.11% | 1,031 | $354K | Reduce -8.8% |
| T AT&T Inc. | 0.10% | 16,363 | $339K | Add +2.3% |
| NMZ Nuveen Muni Hi Inc. Opport | 0.09% | 29,364 | $310K | Add +67.0% |
| MO Altria Group Inc. | 0.09% | 4,313 | $310K | Reduce -2.2% |
| AVAV Aerovironment Inc. | 0.09% | 1,775 | $293K | Reduce -4.0% |
| XEL Xcel Energy Inc. | 0.09% | 3,641 | $292K | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.08% | 360 | $275K | New |
| CGSD Cap Group Short Duration | 0.08% | 10,620 | $273K | Add +3.9% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.08% | 4,870 | $271K | Add +10.2% |
| DJAN FT Vest U.S. Equity Deep Buf | 0.08% | 5,700 | $259K | No change |
| VZ Verizon Communications Inc. | 0.07% | 5,808 | $246K | Reduce -1.0% |
| BMY Bristol-Myers Squibb Co. | 0.07% | 4,147 | $239K | Add +2.7% |
| VGM Invesco Trust for Investmen | 0.07% | 22,174 | $235K | Add +0.1% |
| RCL Royal Caribbean Cruises Ltd. | 0.07% | 717 | $228K | New |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | 0.07% | 3,800 | $225K | New |
| FCX Freeport-McMoran Inc. | 0.07% | 3,532 | $222K | Add +0.0% |
| MPC Marathon Petroleum Corp. | 0.07% | 867 | $222K | No change |
| SOFI Sofi Technologies Inc. | 0.07% | 12,290 | $220K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −3.38 |
| AEM Agnico Eagle Mines Ltd. | Reduce -20.9% | 3.87% | −2.86 |
| GDX Vaneck Gold Miners ETF | Reduce -20.1% | 2.38% | −1.43 |
| GDXJ Vaneck Junior Gold Miners | Reduce -24.7% | 1.92% | −1.35 |
| NFLX Netflix Inc. | Reduce -31.5% | 1.26% | −1.34 |
| CELH Celsius Holdings Inc. | Reduce -39.8% | 0.95% | −1.06 |
| META Meta Platforms Inc. Class A | Reduce -22.3% | 2.34% | −0.87 |
| PLTR Palantir Technologies Inc. Class A | Reduce -33.9% | 0.58% | −0.58 |
| COST Costco Wholesale Corp. | Reduce -2.5% | 3.47% | −0.51 |
| AGI Alamos Gold Inc. Class A | Reduce -13.9% | 0.61% | −0.48 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.48 |
| MSFT Microsoft Corp. | Reduce -17.9% | 1.40% | −0.38 |
| WMT Walmart Inc. | Reduce -1.8% | 2.15% | −0.37 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.35 |
| SNPS Synopsys Inc. | Reduce -55.2% | 0.30% | −0.33 |
| LVS Las Vegas Sands Corp. | Sold out | 0.00% | −0.27 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.25 |
| GLD SPDR Gold Shares | Reduce -6.5% | 0.80% | −0.25 |
| HAL Halliburton Co. | Sold out | 0.00% | −0.21 |
| CCJ Cameco Corp. | Reduce -3.5% | 1.29% | −0.21 |
| CVX Chevron Corp. | Reduce -7.6% | 0.43% | −0.18 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −0.15 |
| UEC Uranium Energy Corp. | Reduce -24.7% | 0.15% | −0.11 |
| KGC Kinross Gold Corp. | Sold out | 0.00% | −0.11 |
| MCD McDonald's Corp. | Reduce -2.4% | 0.41% | −0.10 |
| UBER Uber Technologies Inc. | Reduce -6.7% | 0.74% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -11.9% | 0.63% | −0.09 |
| EWY iShares MSCI South Korea ETF | Sold out | 0.00% | −0.07 |
| MUX McEwen Inc. | Sold out | 0.00% | −0.07 |
| BX Blackstone Inc. | Reduce -2.5% | 0.98% | −0.05 |
| SHOP Shopify Inc. Class A | Reduce -10.5% | 0.21% | −0.05 |
| XNQPX Nuveen Pa QLTY Muni Inc. | Sold out | 0.00% | −0.04 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Reduce -6.1% | 0.49% | −0.03 |
| NVG Nuveen Amt-FR Muni CRDT | Reduce -11.2% | 0.23% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -1.0% | 0.07% | −0.02 |
| AVAV Aerovironment Inc. | Reduce -4.0% | 0.09% | −0.02 |
| IQI Invesco Quality Muni Inc. TR | Reduce -9.5% | 0.06% | −0.01 |
| V Visa Inc. Class A | Reduce -8.8% | 0.11% | −0.00 |
| MO Altria Group Inc. | Reduce -2.2% | 0.09% | +0.00 |
| AVGO Broadcom Inc. | Reduce -3.8% | 0.22% | +0.02 |
| WDC Western Digital Corp. | Reduce -33.3% | 0.16% | +0.05 |
| STX Seagate Technology Holdings | Reduce -15.8% | 0.23% | +0.12 |
| LUV Southwest Airlines Co. | Reduce -0.3% | 1.41% | +0.32 |
| GOOGL Alphabet Inc. Class A | Reduce -4.0% | 2.82% | +0.34 |
| BE Bloom Energy Corp. Class A | Reduce -41.1% | 1.73% | +0.35 |
| NVDA Nvidia Corp. | Reduce -2.8% | 6.77% | +0.40 |
| AAPL Apple Inc. | Reduce -0.7% | 6.14% | +0.45 |
| AMZN Amazon.com Inc. | Reduce -0.4% | 6.61% | +0.52 |
| MU Micron Technology Inc. | Reduce -51.5% | 2.11% | +0.77 |
| GOOG Alphabet Inc. Class C | Reduce -1.4% | 5.79% | +0.78 |
Portfolio Buys Q1 2026 → Q2 2026
| DELL Dell Technologies -C | Add +192.8% | 2.17% | +1.88 |
| LLY Eli Lilly & Co. | Add +193.0% | 2.19% | +1.59 |
| INTC Intel Corp. | New | 1.50% | +1.50 |
| CAT Caterpillar Inc. | Add +81.2% | 1.68% | +1.03 |
| XBI SS SPDR S&P Biotech ETF | Add +322.4% | 1.19% | +0.95 |
| GEV GE Vernova Inc. | Add +6.5% | 2.91% | +0.78 |
| SPCX Space Exploration Techn Class A | New | 0.46% | +0.46 |
| MRVL Marvell Technology Inc. | New | 0.45% | +0.45 |
| GLW Corning Inc. | Add +125.4% | 0.55% | +0.41 |
| IWM iShares Russell 2000 ETF | New | 0.40% | +0.40 |
| PSNL Personalis Inc. | New | 0.38% | +0.38 |
| SBUX Starbucks Corp. | Add +26.6% | 1.30% | +0.35 |
| SNDK Sandisk Corp. | New | 0.34% | +0.34 |
| PANW Palo Alto Networks Inc. | New | 0.33% | +0.33 |
| TSLA Tesla Inc. | Add +0.5% | 2.04% | +0.16 |
| CSCO Cisco Systems Inc. | Add +0.8% | 0.46% | +0.14 |
| IBRX Immunitybio Inc. | Add +0.2% | 1.72% | +0.14 |
| CRDO Credo Technology Group Holdi | New | 0.12% | +0.12 |
| VRT Vertiv Holdings Co. Class A | New | 0.11% | +0.11 |
| ET Energy Transfer LP | Add +28.8% | 0.58% | +0.10 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.08% | +0.08 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.07% | +0.07 |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | New | 0.07% | +0.07 |
| SUN Sunoco LP | Add +3.3% | 3.27% | +0.07 |
| GS Goldman Sachs Group Inc. | Add +44.8% | 0.17% | +0.07 |
| AMAT Applied Materials Inc. | New | 0.06% | +0.06 |
| TYG Tortoise Energy Infrastruct | Add +36.6% | 0.41% | +0.04 |
| AKAM Akamai Technologies Inc. | Add +18.0% | 0.30% | +0.04 |
| WES Western Midstream Partners L | Add +14.0% | 0.29% | +0.04 |
| NMZ Nuveen Muni Hi Inc. Opport | Add +67.0% | 0.09% | +0.04 |
| UPS United Parcel Service Class B | Add +10.1% | 0.20% | +0.03 |
| EPD Enterprise Products Partners | Add +10.3% | 1.15% | +0.02 |
| BA The Boeing Co. | Add +5.4% | 0.19% | +0.02 |
| UTG Reaves Utility Income Fund | Add +3.6% | 0.61% | +0.01 |
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +10.2% | 0.08% | +0.01 |
| TEI Templeton Emrg MKTS Inc. | Add +1.6% | 0.13% | +0.01 |
| ABBV Abbvie Inc. | Add +0.1% | 0.11% | +0.01 |
| NRK Nuveen NY Amt-FR Muni Inc. | Add +8.8% | 0.04% | +0.00 |
| VGM Invesco Trust for Investmen | Add +0.1% | 0.07% | +0.00 |
| NAD Nuveen Quality Municipal Inc. | Add +0.1% | 0.34% | +0.00 |
| FCX Freeport-McMoran Inc. | Add +0.0% | 0.07% | +0.00 |
| CGSD Cap Group Short Duration | Add +3.9% | 0.08% | −0.00 |
| DBL Doubleline Opport Credit | Add +0.0% | 0.05% | −0.00 |
| BMY Bristol-Myers Squibb Co. | Add +2.7% | 0.07% | −0.01 |
| PYLD PIMCO Multisector Bond Actv | Add +1.2% | 0.46% | −0.01 |
| FNV Franco-Nevada Corp. | Add +0.1% | 0.12% | −0.03 |
| T AT&T Inc. | Add +2.3% | 0.10% | −0.05 |
| MPLX MPLX LP | Add +1.7% | 2.36% | −0.11 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 108 | $328.4M | NVDA, AMZN, AAPL, GOOG, AEM |
| Q1 2026 | 106 | $312.7M | AEM, NVDA, AMZN, AAPL, GOOG |
| Q4 2025 | 117 | $381.7M | AEM, AMZN, NVDA, GOOG, AAPL |
| Q3 2025 | 106 | $331.0M | NVDA, AMZN, AEM, AAPL, META |
| Q2 2025 | 105 | $289.7M | AMZN, AAPL, META, AEM, NFLX |
| Q1 2025 | 89 | $245.3M | AMZN, AAPL, AEM, COST, META |
| Q4 2024 | 94 | $257.7M | AMZN, AAPL, NVDA, NFLX, COST |
| Q3 2024 | 85 | $237.0M | AMZN, AAPL, NVDA, COST, MSFT |
| Q2 2024 | 84 | $230.4M | AMZN, AAPL, NVDA, GOOG, MSFT |
| Q1 2024 | 86 | $211.7M | AMZN, AAPL, MSFT, GOOG, COST |