Kercheville Advisors, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 24, 2024), Kercheville Advisors, LLC reported 85 stock positions worth $237.0 million. Its top holding was Amazon.com (AMZN) at 7.5% of the portfolio, followed by Apple (AAPL, 7.2%) and Nvidia (NVDA, 5.1%). Compared with Q2 2024, it opened 9 new positions, sold out of 8, added to 28 and reduced 36. The biggest buy was a new position in Dell Technologies -C (DELL) and the biggest sale an exit from Celsius (CELH).
- Most Recent 13F
- Q2 2026
- Location
- San Antonio, TX
- CIK
- 0001890748
- Portfolio Value
- $237.0M (Q3 2024)
- SEC Filing
- 0001890748-24-000004 ↗ filed Oct 24, 2024
Holdings Value
Holdings 85 stocks · $237.0M
| AMZN Amazon.com Inc. | 7.51% | 95,469 | $17.8M | Reduce -1.5% |
| AAPL Apple Inc. | 7.19% | 73,135 | $17.0M | Reduce -0.1% |
| NVDA Nvidia Corp. | 5.14% | 100,231 | $12.2M | Add +4.0% |
| COST Costco Wholesale Corp. | 4.56% | 12,180 | $10.8M | Reduce -1.1% |
| MSFT Microsoft Corp. | 4.33% | 23,848 | $10.3M | Reduce -4.8% |
| GOOG Alphabet Inc. Class C | 4.19% | 59,438 | $9.9M | Reduce -5.3% |
| AEM Agnico Eagle Mines Ltd. | 3.85% | 113,180 | $9.1M | Reduce -2.5% |
| NFLX Netflix Inc. | 3.63% | 12,140 | $8.6M | Add +2.1% |
| META Meta Platforms Inc. Class A | 3.62% | 14,983 | $8.6M | Reduce -4.3% |
| SUN Sunoco LP | 3.49% | 154,077 | $8.3M | Add +0.0% |
| XOM Exxon Mobil Corp. | 3.26% | 65,982 | $7.7M | Reduce -2.8% |
| GDX Vaneck Gold Miners ETF | 3.20% | 190,360 | $7.6M | Add +8.6% |
| LLY Eli Lilly & Co. | 3.19% | 8,540 | $7.6M | Add +10.3% |
| MPLX MPLX LP | 3.07% | 163,861 | $7.3M | Reduce -2.1% |
| BX Blackstone Inc. | 3.02% | 46,664 | $7.1M | Add +11.7% |
| HESM Hess Midstream LP Class A | 2.95% | 198,534 | $7.0M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 2.42% | 34,531 | $5.7M | Reduce -5.6% |
| GDXJ Vaneck Junior Gold Miners | 2.30% | 111,601 | $5.4M | Add +14.6% |
| SBUX Starbucks Corp. | 1.83% | 44,425 | $4.3M | Reduce -9.0% |
| UBER Uber Technologies Inc. | 1.63% | 51,325 | $3.9M | Reduce -31.9% |
| MU Micron Technology Inc. | 1.51% | 34,475 | $3.6M | Reduce -2.3% |
| WMT Walmart Inc. | 1.44% | 42,339 | $3.4M | Add +1.6% |
| HES Hess Corp. | 1.28% | 22,390 | $3.0M | Reduce -14.5% |
| LUV Southwest Airlines Co. | 0.95% | 76,120 | $2.3M | Reduce -21.2% |
| DKNG Draftkings Inc. Class A | 0.89% | 53,900 | $2.1M | Reduce -35.5% |
| ET Energy Transfer LP | 0.83% | 121,900 | $2.0M | Reduce -7.6% |
| DELL Dell Technologies -C | 0.78% | 15,652 | $1.9M | New |
| HMY Harmony Gold MNG-Spon ADR | 0.78% | 182,300 | $1.9M | Reduce -8.8% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.78% | 22,900 | $1.8M | Add +21.8% |
| MCD McDonald's Corp. | 0.78% | 6,053 | $1.8M | Reduce -15.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.76% | 3,919 | $1.8M | Reduce -1.5% |
| AGI Alamos Gold Inc. Class A | 0.74% | 87,850 | $1.8M | Add +42.5% |
| TSLA Tesla Inc. | 0.72% | 6,493 | $1.7M | Reduce -16.6% |
| GLD SPDR Gold Shares | 0.66% | 6,479 | $1.6M | Add +6.6% |
| XBI SS SPDR S&P Biotech ETF | 0.66% | 15,725 | $1.6M | Add +62.5% |
| SLV iShares Silver Trust | 0.65% | 54,400 | $1.5M | Add +89.5% |
| AKAM Akamai Technologies Inc. | 0.63% | 14,880 | $1.5M | No change |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.59% | 117,533 | $1.4M | Add +1043.0% |
| HD Home Depot Inc. | 0.57% | 3,310 | $1.3M | No change |
| ALG Alamo Group Inc. | 0.53% | 7,000 | $1.3M | No change |
| GS Goldman Sachs Group Inc. | 0.52% | 2,475 | $1.2M | Add +76.4% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.51% | 11,060 | $1.2M | Add +66.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.49% | 4,100 | $1.1M | New |
| NAD Nuveen Quality Municipal Inc. | 0.47% | 90,441 | $1.1M | Add +485.7% |
| CAT Caterpillar Inc. | 0.41% | 2,500 | $978K | No change |
| CCJ Cameco Corp. | 0.37% | 18,284 | $873K | No change |
| DE Deere & Co. | 0.35% | 2,000 | $835K | Reduce -23.1% |
| SHOP Shopify Inc. Class A | 0.35% | 10,255 | $822K | Reduce -2.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.32% | 6,450 | $768K | Reduce -7.2% |
| INDA iShares MSCI India ETF | 0.30% | 12,000 | $702K | Add +9.1% |
| CSCO Cisco Systems Inc. | 0.29% | 12,990 | $691K | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.29% | 1 | $691K | No change |
| FXI iShares China Large-Cap ETF | 0.26% | 19,400 | $617K | New |
| TT Trane Technologies PLC | 0.25% | 1,506 | $585K | No change |
| AMD Advanced Micro Devices | 0.23% | 3,395 | $557K | Reduce -6.1% |
| URNM Sprott Uranium Miners ETF | 0.22% | 11,350 | $521K | Reduce -44.0% |
| AMLP Alerian MLP ETF | 0.22% | 10,825 | $510K | Add +8.3% |
| FNV Franco-Nevada Corp. | 0.18% | 3,454 | $429K | Reduce -48.9% |
| NTG Tortoise Midstream Energy | 0.18% | 8,985 | $427K | Add +0.2% |
| JPM JPMorgan Chase & Co. | 0.18% | 2,025 | $427K | Reduce -2.2% |
| ISRG Intuitive Surgical Inc. | 0.18% | 855 | $420K | Reduce -1.2% |
| UPST Upstart Holdings Inc. | 0.17% | 10,050 | $402K | Add +0.5% |
| V Visa Inc. Class A | 0.16% | 1,370 | $377K | Reduce -6.8% |
| FSCO FS Credit Opportunities Corp. | 0.16% | 58,744 | $373K | Add +0.0% |
| AVGO Broadcom Inc. | 0.16% | 2,140 | $369K | Reduce -4.5% |
| TEI Templeton Emrg MKTS Inc. | 0.15% | 61,488 | $358K | Reduce -0.3% |
| GRMN Garmin Ltd. | 0.15% | 2,000 | $352K | No change |
| STLD Steel Dynamics Inc. | 0.14% | 2,705 | $341K | No change |
| NVG Nuveen Amt-FR Muni CRDT | 0.14% | 24,472 | $328K | Add +48.7% |
| NOW ServiceNow Inc. | 0.13% | 345 | $309K | Add +4.5% |
| BABA Alibaba Group Holding-SP ADR | 0.11% | 2,551 | $271K | New |
| LVS Las Vegas Sands Corp. | 0.10% | 4,778 | $241K | Reduce -82.5% |
| RCL Royal Caribbean Cruises Ltd. | 0.10% | 1,300 | $231K | New |
| DBL Doubleline Opport Credit | 0.09% | 14,026 | $222K | Add +0.1% |
| BIDU Baidu Inc. - Spon ADR | 0.09% | 2,000 | $211K | New |
| UPS United Parcel Service Class B | 0.09% | 1,537 | $210K | No change |
| NMZ Nuveen Muni Hi Inc. Opport | 0.09% | 17,442 | $203K | Add +16.9% |
| CVX Chevron Corp. | 0.09% | 1,380 | $203K | Reduce -6.8% |
| VCV Invesco Ca Val Muni Inc. TR | 0.08% | 17,000 | $185K | No change |
| VMO Invesco Municipal Opport | 0.07% | 15,067 | $155K | Add +15.3% |
| NZF Nuveen Municipal Credit Inc. | 0.06% | 11,000 | $144K | New |
| VGM Invesco Trust for Investmen | 0.06% | 13,463 | $142K | Add +8.3% |
| VPV Invesco Pa Val Muni Inc. | 0.05% | 11,000 | $124K | No change |
| XPMQX PIMCO Muni Income Fund III | 0.05% | 15,000 | $124K | Reduce -11.8% |
| IQI Invesco Quality Muni Inc. TR | 0.05% | 11,000 | $115K | New |
Portfolio Sells Q2 2024 → Q3 2024
| CELH Celsius Holdings Inc. | Sold out | 0.00% | −1.75 |
| GOOG Alphabet Inc. Class C | Reduce -5.3% | 4.19% | −0.80 |
| UBER Uber Technologies Inc. | Reduce -31.9% | 1.63% | −0.75 |
| AMZN Amazon.com Inc. | Reduce -1.5% | 7.51% | −0.63 |
| MSFT Microsoft Corp. | Reduce -4.8% | 4.33% | −0.53 |
| MU Micron Technology Inc. | Reduce -2.3% | 1.51% | −0.51 |
| DKNG Draftkings Inc. Class A | Reduce -35.5% | 0.89% | −0.49 |
| GOOGL Alphabet Inc. Class A | Reduce -5.6% | 2.42% | −0.48 |
| LVS Las Vegas Sands Corp. | Reduce -82.5% | 0.10% | −0.42 |
| HES Hess Corp. | Reduce -14.5% | 1.28% | −0.39 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.25 |
| LUV Southwest Airlines Co. | Reduce -21.2% | 0.95% | −0.25 |
| HESM Hess Midstream LP Class A | Reduce -1.1% | 2.95% | −0.22 |
| URNM Sprott Uranium Miners ETF | Reduce -44.0% | 0.22% | −0.21 |
| CCL Carnival Corp. | Sold out | 0.00% | −0.21 |
| FNV Franco-Nevada Corp. | Reduce -48.9% | 0.18% | −0.17 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.16 |
| XOM Exxon Mobil Corp. | Reduce -2.8% | 3.26% | −0.13 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -7.2% | 0.32% | −0.11 |
| ET Energy Transfer LP | Reduce -7.6% | 0.83% | −0.10 |
| BA The Boeing Co. | Sold out | 0.00% | −0.10 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.09 |
| DE Deere & Co. | Reduce -23.1% | 0.35% | −0.07 |
| PML PIMCO Municipal Income FD II | Sold out | 0.00% | −0.04 |
| EOD Allspring Global Dividend Op | Sold out | 0.00% | −0.02 |
| AMD Advanced Micro Devices | Reduce -6.1% | 0.23% | −0.02 |
| MPLX MPLX LP | Reduce -2.1% | 3.07% | −0.02 |
| MCD McDonald's Corp. | Reduce -15.7% | 0.78% | −0.02 |
| CVX Chevron Corp. | Reduce -6.8% | 0.09% | −0.01 |
| HMY Harmony Gold MNG-Spon ADR | Reduce -8.8% | 0.78% | −0.01 |
| V Visa Inc. Class A | Reduce -6.8% | 0.16% | −0.01 |
| XPMQX PIMCO Muni Income Fund III | Reduce -11.8% | 0.05% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -2.2% | 0.18% | −0.00 |
| AVGO Broadcom Inc. | Reduce -4.5% | 0.16% | −0.00 |
| TEI Templeton Emrg MKTS Inc. | Reduce -0.3% | 0.15% | +0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -1.2% | 0.18% | +0.01 |
| COST Costco Wholesale Corp. | Reduce -1.1% | 4.56% | +0.01 |
| SHOP Shopify Inc. Class A | Reduce -2.2% | 0.35% | +0.05 |
| TSLA Tesla Inc. | Reduce -16.6% | 0.72% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.5% | 0.76% | +0.06 |
| SBUX Starbucks Corp. | Reduce -9.0% | 1.83% | +0.18 |
| META Meta Platforms Inc. Class A | Reduce -4.3% | 3.62% | +0.19 |
| AAPL Apple Inc. | Reduce -0.1% | 7.19% | +0.50 |
| AEM Agnico Eagle Mines Ltd. | Reduce -2.5% | 3.85% | +0.55 |
Portfolio Buys Q2 2024 → Q3 2024
| DELL Dell Technologies -C | New | 0.78% | +0.78 |
| BX Blackstone Inc. | Add +11.7% | 3.02% | +0.77 |
| GDX Vaneck Gold Miners ETF | Add +8.6% | 3.20% | +0.62 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Add +1043.0% | 0.59% | +0.54 |
| GDXJ Vaneck Junior Gold Miners | Add +14.6% | 2.30% | +0.52 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.49% | +0.49 |
| NAD Nuveen Quality Municipal Inc. | Add +485.7% | 0.47% | +0.39 |
| SLV iShares Silver Trust | Add +89.5% | 0.65% | +0.32 |
| AGI Alamos Gold Inc. Class A | Add +42.5% | 0.74% | +0.32 |
| CSCO Cisco Systems Inc. | New | 0.29% | +0.29 |
| XBI SS SPDR S&P Biotech ETF | Add +62.5% | 0.66% | +0.27 |
| FXI iShares China Large-Cap ETF | New | 0.26% | +0.26 |
| GS Goldman Sachs Group Inc. | Add +76.4% | 0.52% | +0.24 |
| TTD Trade Desk Inc./the Class A | Add +66.1% | 0.51% | +0.23 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +21.8% | 0.78% | +0.22 |
| WMT Walmart Inc. | Add +1.6% | 1.44% | +0.22 |
| NFLX Netflix Inc. | Add +2.1% | 3.63% | +0.15 |
| LLY Eli Lilly & Co. | Add +10.3% | 3.19% | +0.15 |
| BABA Alibaba Group Holding-SP ADR | New | 0.11% | +0.11 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.10% | +0.10 |
| GLD SPDR Gold Shares | Add +6.6% | 0.66% | +0.10 |
| BIDU Baidu Inc. - Spon ADR | New | 0.09% | +0.09 |
| UPST Upstart Holdings Inc. | Add +0.5% | 0.17% | +0.07 |
| NZF Nuveen Municipal Credit Inc. | New | 0.06% | +0.06 |
| NVG Nuveen Amt-FR Muni CRDT | Add +48.7% | 0.14% | +0.05 |
| IQI Invesco Quality Muni Inc. TR | New | 0.05% | +0.05 |
| INDA iShares MSCI India ETF | Add +9.1% | 0.30% | +0.03 |
| NOW ServiceNow Inc. | Add +4.5% | 0.13% | +0.02 |
| NMZ Nuveen Muni Hi Inc. Opport | Add +16.9% | 0.09% | +0.02 |
| NTG Tortoise Midstream Energy | Add +0.2% | 0.18% | +0.01 |
| VMO Invesco Municipal Opport | Add +15.3% | 0.07% | +0.01 |
| AMLP Alerian MLP ETF | Add +8.3% | 0.22% | +0.01 |
| VGM Invesco Trust for Investmen | Add +8.3% | 0.06% | +0.00 |
| DBL Doubleline Opport Credit | Add +0.1% | 0.09% | +0.00 |
| FSCO FS Credit Opportunities Corp. | Add +0.0% | 0.16% | −0.01 |
| NVDA Nvidia Corp. | Add +4.0% | 5.14% | −0.03 |
| SUN Sunoco LP | Add +0.0% | 3.49% | −0.29 |
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 |