Kercheville Advisors, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 25, 2024), Kercheville Advisors, LLC reported 86 stock positions worth $211.7 million. Its top holding was Amazon.com (AMZN) at 8.0% of the portfolio, followed by Apple (AAPL, 5.8%) and Microsoft (MSFT, 4.9%). Compared with Q4 2023, it opened 14 new positions, sold out of 9, added to 35 and reduced 16. The biggest buy was Celsius (CELH, shares +266%) and the biggest sale Apple (AAPL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- San Antonio, TX
- CIK
- 0001890748
- Portfolio Value
- $211.7M (Q1 2024)
- SEC Filing
- 0001890748-24-000002 ↗ filed Apr 25, 2024
Holdings Value
Holdings 86 stocks · $211.7M
| AMZN Amazon.com Inc. | 8.03% | 94,280 | $17.0M | Reduce -0.1% |
| AAPL Apple Inc. | 5.85% | 72,179 | $12.4M | Reduce -0.0% |
| MSFT Microsoft Corp. | 4.88% | 24,544 | $10.3M | Add +13.5% |
| GOOG Alphabet Inc. Class C | 4.45% | 61,921 | $9.4M | Reduce -0.6% |
| COST Costco Wholesale Corp. | 4.30% | 12,434 | $9.1M | Add +0.1% |
| NS Nustar Energy LP | 4.23% | 385,084 | $9.0M | Reduce -0.1% |
| AEM Agnico Eagle Mines Ltd. | 3.59% | 127,275 | $7.6M | Add +1.0% |
| XOM Exxon Mobil Corp. | 3.54% | 64,436 | $7.5M | Add +1.1% |
| NVDA Nvidia Corp. | 3.53% | 8,260 | $7.5M | Add +27.9% |
| UBER Uber Technologies Inc. | 3.51% | 96,650 | $7.4M | Add +10.8% |
| HESM Hess Midstream LP Class A | 3.42% | 200,289 | $7.2M | Reduce -0.1% |
| MPLX MPLX LP | 3.27% | 166,354 | $6.9M | Reduce -0.6% |
| META Meta Platforms Inc. Class A | 3.22% | 14,035 | $6.8M | Add +2.1% |
| NFLX Netflix Inc. | 2.98% | 10,405 | $6.3M | Add +1.8% |
| GOOGL Alphabet Inc. Class A | 2.67% | 37,480 | $5.7M | Reduce -0.8% |
| BX Blackstone Inc. | 2.62% | 42,284 | $5.6M | Add +2.6% |
| HES Hess Corp. | 2.61% | 36,225 | $5.5M | Add +1.1% |
| GDX Vaneck Gold Miners ETF | 2.36% | 157,810 | $5.0M | Add +4.6% |
| LLY Eli Lilly & Co. | 2.26% | 6,145 | $4.8M | Add +11.4% |
| CELH Celsius Holdings Inc. | 2.24% | 57,150 | $4.7M | Add +266.4% |
| DKNG Draftkings Inc. Class A | 2.20% | 102,700 | $4.7M | Add +40.6% |
| SBUX Starbucks Corp. | 1.89% | 43,742 | $4.0M | Reduce -0.9% |
| GDXJ Vaneck Junior Gold Miners | 1.40% | 76,351 | $3.0M | Add +1.2% |
| MCD McDonald's Corp. | 1.21% | 9,082 | $2.6M | Add +6.8% |
| INMD Inmode Ltd. | 1.04% | 102,375 | $2.2M | Add +2.7% |
| SHOP Shopify Inc. Class A | 0.99% | 27,235 | $2.1M | Add +27.4% |
| MU Micron Technology Inc. | 0.98% | 17,600 | $2.1M | New |
| LUV Southwest Airlines Co. | 0.97% | 70,420 | $2.1M | Add +0.3% |
| AKAM Akamai Technologies Inc. | 0.87% | 16,980 | $1.8M | Add +49.9% |
| ET Energy Transfer LP | 0.85% | 114,900 | $1.8M | Add +29.8% |
| ALG Alamo Group Inc. | 0.82% | 7,600 | $1.7M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.79% | 3,980 | $1.7M | No change |
| WMT Walmart Inc. | 0.73% | 25,565 | $1.5M | New |
| TSLA Tesla Inc. | 0.61% | 7,337 | $1.3M | Reduce -1.7% |
| HD Home Depot Inc. | 0.60% | 3,310 | $1.3M | No change |
| ABBV Abbvie Inc. | 0.59% | 6,900 | $1.3M | New |
| LVS Las Vegas Sands Corp. | 0.53% | 21,776 | $1.1M | New |
| GLD SPDR Gold Shares | 0.51% | 5,279 | $1.1M | Reduce -1.6% |
| AMD Advanced Micro Devices | 0.46% | 5,410 | $976K | Add +119.0% |
| CAT Caterpillar Inc. | 0.43% | 2,500 | $916K | No change |
| XBI SS SPDR S&P Biotech ETF | 0.43% | 9,605 | $911K | New |
| DE Deere & Co. | 0.41% | 2,100 | $863K | No change |
| AGI Alamos Gold Inc. Class A | 0.39% | 56,200 | $829K | Add +51.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.39% | 6,450 | $828K | Add +16.2% |
| CCJ Cameco Corp. | 0.39% | 18,984 | $822K | Reduce -55.1% |
| HMY Harmony Gold MNG-Spon ADR | 0.36% | 94,200 | $770K | New |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.34% | 13,000 | $713K | Reduce -20.5% |
| FNV Franco-Nevada Corp. | 0.32% | 5,602 | $668K | Reduce -0.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.30% | 1 | $634K | No change |
| JPM JPMorgan Chase & Co. | 0.22% | 2,370 | $475K | New |
| TT Trane Technologies PLC | 0.21% | 1,506 | $452K | No change |
| MSOS Advisorshares Pure US Cann | 0.21% | 45,000 | $450K | Add +164.7% |
| INDA iShares MSCI India ETF | 0.19% | 8,000 | $413K | New |
| V Visa Inc. Class A | 0.19% | 1,470 | $410K | Add +8.9% |
| AMLP Alerian MLP ETF | 0.19% | 8,500 | $403K | Add +17.2% |
| STLD Steel Dynamics Inc. | 0.19% | 2,705 | $401K | No change |
| GTLS Chart Industries Inc. | 0.18% | 2,355 | $388K | Add +0.9% |
| SLV iShares Silver Trust | 0.18% | 16,700 | $380K | No change |
| FCX Freeport-McMoran Inc. | 0.17% | 7,609 | $358K | Add +1.0% |
| FSCO FS Credit Opportunities Corp. | 0.16% | 58,713 | $348K | Add +0.0% |
| NTG Tortoise Midstream Energy | 0.16% | 8,952 | $343K | New |
| TEI Templeton Emrg MKTS Inc. | 0.14% | 56,094 | $305K | Add +9.2% |
| GRMN Garmin Ltd. | 0.14% | 2,000 | $298K | No change |
| AVGO Broadcom Inc. | 0.14% | 224 | $297K | No change |
| UPST Upstart Holdings Inc. | 0.13% | 10,000 | $269K | No change |
| PEP Pepsico Inc. | 0.12% | 1,500 | $263K | Reduce -25.0% |
| BA The Boeing Co. | 0.12% | 1,355 | $261K | Reduce -1.1% |
| ISRG Intuitive Surgical Inc. | 0.12% | 655 | $261K | New |
| NOW ServiceNow Inc. | 0.11% | 310 | $236K | New |
| VLO Valero Energy Corp. | 0.11% | 1,382 | $236K | New |
| CVX Chevron Corp. | 0.11% | 1,480 | $233K | New |
| DBL Doubleline Opport Credit | 0.11% | 14,995 | $231K | Add +0.1% |
| UPS United Parcel Service Class B | 0.11% | 1,537 | $228K | No change |
| INTC Intel Corp. | 0.10% | 5,028 | $222K | Reduce -3.8% |
| BMY Bristol-Myers Squibb Co. | 0.10% | 3,778 | $205K | New |
| NVG Nuveen Amt-FR Muni CRDT | 0.09% | 16,438 | $200K | Add +0.1% |
| NAD Nuveen Quality Municipal Inc. | 0.08% | 15,441 | $177K | No change |
| VCV Invesco Ca Val Muni Inc. TR | 0.08% | 17,000 | $169K | No change |
| NMZ Nuveen Muni Hi Inc. Opport | 0.07% | 14,906 | $157K | Add +0.1% |
| VMO Invesco Municipal Opport | 0.06% | 13,067 | $127K | No change |
| XPMQX PIMCO Muni Income Fund III | 0.06% | 17,000 | $127K | No change |
| VGM Invesco Trust for Investmen | 0.06% | 12,415 | $122K | Add +0.1% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.05% | 10,283 | $114K | No change |
| VPV Invesco Pa Val Muni Inc. | 0.05% | 11,000 | $113K | No change |
| PML PIMCO Municipal Income FD II | 0.04% | 10,400 | $88K | No change |
| EOD Allspring Global Dividend Op | 0.02% | 10,050 | $48K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -0.0% | 5.85% | −1.96 |
| IMGN Immunogen Inc. | Sold out | 0.00% | −1.91 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.91 |
| CCJ Cameco Corp. | Reduce -55.1% | 0.39% | −0.64 |
| VB Vanguard Most SM-Cap ETF-Usd | Sold out | 0.00% | −0.50 |
| SBUX Starbucks Corp. | Reduce -0.9% | 1.89% | −0.49 |
| GOOG Alphabet Inc. Class C | Reduce -0.6% | 4.45% | −0.48 |
| TSLA Tesla Inc. | Reduce -1.7% | 0.61% | −0.43 |
| GOOGL Alphabet Inc. Class A | Reduce -0.8% | 2.67% | −0.29 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.22 |
| MPLX MPLX LP | Reduce -0.6% | 3.27% | −0.19 |
| AVAV Aerovironment Inc. | Sold out | 0.00% | −0.15 |
| HESM Hess Midstream LP Class A | Reduce -0.1% | 3.42% | −0.15 |
| ENVX Enovix Corp. | Sold out | 0.00% | −0.14 |
| SLB SLB Ltd. | Reduce -20.5% | 0.34% | −0.14 |
| DUOL Duolingo | Sold out | 0.00% | −0.13 |
| SOFI Sofi Technologies Inc. | Sold out | 0.00% | −0.10 |
| BA The Boeing Co. | Reduce -1.1% | 0.12% | −0.08 |
| PEP Pepsico Inc. | Reduce -25.0% | 0.12% | −0.07 |
| GLD SPDR Gold Shares | Reduce -1.6% | 0.51% | −0.06 |
| INTC Intel Corp. | Reduce -3.8% | 0.10% | −0.04 |
| FNV Franco-Nevada Corp. | Reduce -0.4% | 0.32% | −0.04 |
| AMZN Amazon.com Inc. | Reduce -0.1% | 8.03% | −0.02 |
| FCEL Fuelcell Energy Inc. | Sold out | 0.00% | −0.02 |
| NS Nustar Energy LP | Reduce -0.1% | 4.23% | +0.19 |
Portfolio Buys Q4 2023 → Q1 2024
| CELH Celsius Holdings Inc. | Add +266.4% | 2.24% | +1.76 |
| NVDA Nvidia Corp. | Add +27.9% | 3.53% | +1.73 |
| MU Micron Technology Inc. | New | 0.98% | +0.98 |
| DKNG Draftkings Inc. Class A | Add +40.6% | 2.20% | +0.76 |
| WMT Walmart Inc. | New | 0.73% | +0.73 |
| ABBV Abbvie Inc. | New | 0.59% | +0.59 |
| LVS Las Vegas Sands Corp. | New | 0.53% | +0.53 |
| UBER Uber Technologies Inc. | Add +10.8% | 3.51% | +0.50 |
| META Meta Platforms Inc. Class A | Add +2.1% | 3.22% | +0.49 |
| LLY Eli Lilly & Co. | Add +11.4% | 2.26% | +0.45 |
| XBI SS SPDR S&P Biotech ETF | New | 0.43% | +0.43 |
| HMY Harmony Gold MNG-Spon ADR | New | 0.36% | +0.36 |
| MSFT Microsoft Corp. | Add +13.5% | 4.88% | +0.31 |
| AMD Advanced Micro Devices | Add +119.0% | 0.46% | +0.26 |
| JPM JPMorgan Chase & Co. | New | 0.22% | +0.22 |
| INDA iShares MSCI India ETF | New | 0.19% | +0.19 |
| NFLX Netflix Inc. | Add +1.8% | 2.98% | +0.19 |
| ET Energy Transfer LP | Add +29.8% | 0.85% | +0.17 |
| NTG Tortoise Midstream Energy | New | 0.16% | +0.16 |
| MSOS Advisorshares Pure US Cann | Add +164.7% | 0.21% | +0.15 |
| ISRG Intuitive Surgical Inc. | New | 0.12% | +0.12 |
| AKAM Akamai Technologies Inc. | Add +49.9% | 0.87% | +0.12 |
| NOW ServiceNow Inc. | New | 0.11% | +0.11 |
| VLO Valero Energy Corp. | New | 0.11% | +0.11 |
| CVX Chevron Corp. | New | 0.11% | +0.11 |
| AGI Alamos Gold Inc. Class A | Add +51.1% | 0.39% | +0.11 |
| BMY Bristol-Myers Squibb Co. | New | 0.10% | +0.10 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +16.2% | 0.39% | +0.07 |
| SHOP Shopify Inc. Class A | Add +27.4% | 0.99% | +0.06 |
| AMLP Alerian MLP ETF | Add +17.2% | 0.19% | +0.02 |
| GTLS Chart Industries Inc. | Add +0.9% | 0.18% | +0.00 |
| TEI Templeton Emrg MKTS Inc. | Add +9.2% | 0.14% | −0.00 |
| V Visa Inc. Class A | Add +8.9% | 0.19% | −0.00 |
| NMZ Nuveen Muni Hi Inc. Opport | Add +0.1% | 0.07% | −0.01 |
| VGM Invesco Trust for Investmen | Add +0.1% | 0.06% | −0.01 |
| FCX Freeport-McMoran Inc. | Add +1.0% | 0.17% | −0.01 |
| NVG Nuveen Amt-FR Muni CRDT | Add +0.1% | 0.09% | −0.01 |
| DBL Doubleline Opport Credit | Add +0.1% | 0.11% | −0.02 |
| FSCO FS Credit Opportunities Corp. | Add +0.0% | 0.16% | −0.02 |
| XOM Exxon Mobil Corp. | Add +1.1% | 3.54% | −0.04 |
| LUV Southwest Airlines Co. | Add +0.3% | 0.97% | −0.17 |
| INMD Inmode Ltd. | Add +2.7% | 1.04% | −0.20 |
| MCD McDonald's Corp. | Add +6.8% | 1.21% | −0.21 |
| GDXJ Vaneck Junior Gold Miners | Add +1.2% | 1.40% | −0.21 |
| GDX Vaneck Gold Miners ETF | Add +4.6% | 2.36% | −0.27 |
| HES Hess Corp. | Add +1.1% | 2.61% | −0.29 |
| AEM Agnico Eagle Mines Ltd. | Add +1.0% | 3.59% | −0.30 |
| COST Costco Wholesale Corp. | Add +0.1% | 4.30% | −0.30 |
| BX Blackstone Inc. | Add +2.6% | 2.62% | −0.41 |
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 |