Tevis Investment Management

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), Tevis Investment Management reported 104 stock positions worth $156.1 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 5.7% of the portfolio, followed by Coca-Cola Europacific Partne (CCEP, 4.4%) and Goldman Sachs Access Treasur (GBIL, 4.0%). Compared with Q1 2025, it opened 16 new positions, sold out of 8, added to 46 and reduced 30. The biggest buy was Microsoft (MSFT, shares +33%) and the biggest sale Apple (AAPL, shares −8%).

Most Recent 13F
Q2 2026
Location
PLANO, TX
CIK
0001940416
Portfolio Value
$156.1M (Q2 2025)
SEC Filing
0001842054-25-000004 ↗ filed Aug 1, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $117.6M Q1 2024 Q2 2024: $124.5M Q2 2024 Q3 2024: $135.2M Q3 2024 Q4 2024: $134.8M Q4 2024 Q1 2025: $134.8M Q1 2025 Q2 2025: $156.1M $156.1M Q2 2025 Q3 2025: $166.1M Q3 2025 Q4 2025: $166.1M Q4 2025 Q1 2026: $175.6M Q1 2026 Q2 2026: $182.8M Q2 2026

Holdings 104 stocks · $156.1M
BRK.B Berkshire Hathaway Inc. Class B 5.70% 18,329 $8.9M Add +1.9%
CCEP Coca-Cola Europacific Partne 4.44% 74,715 $6.9M Reduce -0.8%
GBIL Goldman Sachs Access Treasur 3.99% 62,134 $6.2M Reduce -10.4%
UL Unilever PLC 3.67% 93,615 $5.7M Add +13.8%
MSFT Microsoft Corp. 3.31% 10,397 $5.2M Add +32.8%
INVH Invitation Homes Inc. 3.10% 146,241 $4.8M Add +2.9%
AAPL Apple Inc. 3.08% 23,462 $4.8M Reduce -7.5%
MDT Medtronic PLC 2.96% 52,552 $4.6M Add +24.2%
BIL SS SPDR BB 1-3M T-Bill ETF 2.38% 40,428 $3.7M Add +44.4%
GOOGL Alphabet Inc. Class A 2.35% 20,847 $3.7M Add +35.6%
NVDA Nvidia Corp. 2.35% 23,197 $3.7M Add +21.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.19% 27,457 $3.4M Add +24.3%
JNJ Johnson & Johnson 2.18% 22,237 $3.4M Add +25.7%
L Loews Corp. 1.95% 33,213 $3.0M Reduce -0.4%
ENB Enbridge Inc. 1.83% 62,910 $2.9M Reduce -4.5%
NVO Novo-Nordisk A/S-Spons ADR 1.76% 39,862 $2.8M Add +164.6%
FNV Franco-Nevada Corp. 1.66% 15,777 $2.6M Add +31.9%
ORCL Oracle Corp. 1.58% 11,318 $2.5M Add +13.9%
AEM Agnico Eagle Mines Ltd. 1.54% 20,259 $2.4M Reduce -52.0%
PM Philip Morris International 1.45% 12,320 $2.3M No change
PG The Procter & Gamble Co. 1.44% 14,153 $2.3M Add +21.7%
RTX RTX Corp. 1.34% 14,336 $2.1M Reduce -36.8%
EOG EOG Resources Inc. 1.28% 16,761 $2.0M Add +5.4%
VOD Vodafone Group PLC-SP ADR 1.26% 180,148 $2.0M Add +23.0%
DG Dollar General Corp. 1.21% 16,578 $1.9M Add +44.6%
CVX Chevron Corp. 1.21% 13,139 $1.9M Add +11.6%
KO The Coca-Cola Co. 1.19% 26,141 $1.9M Add +0.0%
TRV The Travelers Cos Inc. 1.13% 6,595 $1.8M Reduce -1.2%
HON Honeywell International Inc. 1.09% 7,304 $1.7M Add +333.7%
ASML ASML Holding NV-NY Reg SHS 1.09% 2,115 $1.7M Add +116.9%
XOM Exxon Mobil Corp. 1.07% 15,460 $1.7M Reduce -11.3%
C Citigroup Inc. 1.04% 19,058 $1.6M Reduce -4.2%
CTVA Corteva Inc. 0.98% 20,542 $1.5M Add +0.5%
CMCSA Comcast Corp. Class A 0.93% 40,800 $1.5M Add +6.8%
HSY The Hershey Co. 0.88% 8,277 $1.4M Add +114.7%
V Visa Inc. Class A 0.86% 3,789 $1.3M Reduce -6.5%
EMR Emerson Electric Co. 0.85% 9,938 $1.3M Add +479.8%
GD General Dynamics Corp. 0.79% 4,238 $1.2M Add +10.1%
JPM JPMorgan Chase & Co. 0.78% 4,204 $1.2M Reduce -0.2%
COST Costco Wholesale Corp. 0.78% 1,226 $1.2M Reduce -5.8%
GEHC GE Healthcare Technology 0.77% 16,282 $1.2M Add +26.7%
SBUX Starbucks Corp. 0.76% 13,018 $1.2M Add +56.1%
WMT Walmart Inc. 0.75% 11,939 $1.2M Reduce -22.4%
PEP Pepsico Inc. 0.75% 8,815 $1.2M Add +14.9%
MGA Magna International Inc. 0.71% 28,598 $1.1M Reduce -6.2%
THO Thor Industries Inc. 0.71% 12,429 $1.1M Add +82.8%
GM General Motors Co. 0.68% 21,599 $1.1M Reduce -4.6%
AMZN Amazon.com Inc. 0.67% 4,799 $1.1M Add +12.1%
FDX FedEx Corp. 0.67% 4,574 $1.0M Add +116.5%
LLY Eli Lilly & Co. 0.65% 1,311 $1.0M Reduce -12.9%
CSCO Cisco Systems Inc. 0.63% 14,191 $985K Reduce -54.0%
ACN Accenture PLC Class A 0.62% 3,264 $976K Add +44.5%
LEN Lennar Corp. Class A 0.61% 8,677 $960K Add +76.6%
SYY Sysco Corp. 0.61% 12,590 $954K New
MA Mastercard Inc. Class A 0.60% 1,655 $930K No change
CHRW C.H. Robinson Worldwide Inc. 0.58% 9,421 $910K Add +16.1%
HD Home Depot Inc. 0.58% 2,451 $898K Reduce -4.2%
ARW Arrow Electronics Inc. 0.51% 6,232 $794K New
DEO Diageo PLC-Sponsored ADR 0.50% 7,805 $787K Reduce -43.7%
MO Altria Group Inc. 0.49% 12,866 $767K No change
ABBV Abbvie Inc. 0.48% 4,000 $742K No change
NKE Nike Inc. Class B 0.47% 10,218 $732K Reduce -12.7%
CSRE C&S Real Estate Active ETF 0.44% 26,560 $685K New
APD Air Products & Chemicals Inc. 0.43% 2,365 $667K New
MRK Merck & Co. Inc. 0.41% 8,026 $642K Reduce -59.1%
SPOT Spotify Technology SA 0.39% 802 $615K New
VOO Vanguard S&P 500 ETF 0.39% 1,055 $601K Reduce -5.0%
LBTYA Liberty Global Ltd. Class A 0.38% 58,799 $589K Add +14.8%
CME Cme Group Inc. 0.37% 2,120 $584K Add +8.5%
UGI Ugi Corp. 0.37% 15,520 $571K New
ABT Abbott Laboratories 0.35% 4,000 $544K No change
GE General Electric filed as GE AEROSPACE 0.34% 2,085 $537K No change
LNG Cheniere Energy Inc. 0.34% 2,177 $530K No change
PWR Quanta Services Inc. 0.34% 1,389 $525K Reduce -0.9%
MDLZ Mondelez International Inc. Class A 0.33% 7,638 $519K No change
COR Cencora Inc. 0.32% 1,678 $503K Add +3.2%
PFE Pfizer Inc. 0.32% 20,400 $494K No change
MMM 3M Co. 0.31% 3,219 $490K Reduce -45.8%
CL Colgate-Palmolive Co. 0.31% 5,346 $486K New
RACE Ferrari NV 0.30% 958 $470K Reduce -1.7%
ADBE Adobe Inc. 0.30% 1,201 $465K Add +14.7%
ZTS Zoetis Inc. 0.29% 2,887 $450K New
HUBB Hubbell Inc. 0.29% 1,097 $448K New
ROP Roper Technologies Inc. 0.28% 784 $444K New
ANET Arista Networks Inc. 0.28% 4,236 $433K Reduce -3.3%
TT Trane Technologies PLC 0.27% 972 $425K Add +16.1%
DOCS Doximity Inc. Class A 0.26% 6,701 $411K New
TMUS T-Mobile US Inc. 0.25% 1,639 $391K Reduce -5.4%
NTAP Netapp Inc. 0.25% 3,618 $385K Add +9.9%
EXLS Exlservice Holdings Inc. 0.25% 8,766 $384K Add +9.3%
OXY Occidental Petroleum Corp. 0.23% 8,432 $356K New
COKE Coca-Cola Consolidated Inc. 0.21% 3,000 $335K Add +6.4%
QQQ Invesco QQQ Trust Series 1 0.21% 598 $330K Add +0.5%
SPYG SS SPDR P S&P 500 Growth ETF 0.20% 3,355 $320K New
IEFA iShares Core MSCI Eafe ETF 0.19% 3,622 $302K Add +21.7%
GEV GE Vernova Inc. 0.18% 520 $275K New
COP Conocophillips 0.16% 2,791 $250K Add +0.3%
IVV iShares Core S&P 500 ETF 0.15% 385 $239K Reduce -37.8%
SHEL Shell PLC-ADR 0.15% 3,329 $234K No change
K Kellanova 0.14% 2,800 $223K Reduce -2.1%
SO The Southern Co. 0.14% 2,413 $222K New
AWK American Water Works Co. Inc. 0.13% 1,512 $210K New
EPD Enterprise Products Partners 0.13% 6,719 $208K No change
LBTYK Liberty Global Ltd. Class C 0.12% 18,742 $193K No change

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -7.5% 3.08% −1.63
DD Dupont DE Nemours Inc. Sold out 0.00% −1.25
GBIL Goldman Sachs Access Treasur Reduce -10.4% 3.99% −1.18
MRK Merck & Co. Inc. Reduce -59.1% 0.41% −1.05
AEM Agnico Eagle Mines Ltd. Reduce -52.0% 1.54% −0.90
IFF Intl Flavors & Fragrances Sold out 0.00% −0.83
DEO Diageo PLC-Sponsored ADR Reduce -43.7% 0.50% −0.80
CSCO Cisco Systems Inc. Reduce -54.0% 0.63% −0.72
RTX RTX Corp. Reduce -36.8% 1.34% −0.61
VZ Verizon Communications Inc. Sold out 0.00% −0.42
XOM Exxon Mobil Corp. Reduce -11.3% 1.07% −0.32
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.30
WMT Walmart Inc. Reduce -22.4% 0.75% −0.29
CSL Carlisle Cos Inc. Sold out 0.00% −0.28
BDX Becton Dickinson and Co. Sold out 0.00% −0.26
MMM 3M Co. Reduce -45.8% 0.31% −0.25
ENB Enbridge Inc. Reduce -4.5% 1.83% −0.25
MGA Magna International Inc. Reduce -6.2% 0.71% −0.24
EME Emcor Group Inc. Sold out 0.00% −0.24
GM General Motors Co. Reduce -4.6% 0.68% −0.21
LLY Eli Lilly & Co. Reduce -12.9% 0.65% −0.21
NKE Nike Inc. Class B Reduce -12.7% 0.47% −0.19
HD Home Depot Inc. Reduce -4.2% 0.58% −0.16
L Loews Corp. Reduce -0.4% 1.95% −0.15
IVV iShares Core S&P 500 ETF Reduce -37.8% 0.15% −0.12
COST Costco Wholesale Corp. Reduce -5.8% 0.78% −0.11
V Visa Inc. Class A Reduce -6.5% 0.86% −0.09
ANET Arista Networks Inc. Reduce -3.3% 0.28% −0.08
TRV The Travelers Cos Inc. Reduce -1.2% 1.13% −0.06
VOO Vanguard S&P 500 ETF Reduce -5.0% 0.39% −0.06
TMUS T-Mobile US Inc. Reduce -5.4% 0.25% −0.03
K Kellanova Reduce -2.1% 0.14% −0.03
EQC Equity Commonwealth Sold out 0.00% −0.02
RACE Ferrari NV Reduce -1.7% 0.30% −0.01
C Citigroup Inc. Reduce -4.2% 1.04% −0.00
PWR Quanta Services Inc. Reduce -0.9% 0.34% +0.01
JPM JPMorgan Chase & Co. Reduce -0.2% 0.78% +0.03
CCEP Coca-Cola Europacific Partne Reduce -0.8% 4.44% +0.14

Portfolio Buys Q1 2025 → Q2 2025
MSFT Microsoft Corp. Add +32.8% 3.31% +0.86
HON Honeywell International Inc. Add +333.7% 1.09% +0.81
NVO Novo-Nordisk A/S-Spons ADR Add +164.6% 1.76% +0.80
EMR Emerson Electric Co. Add +479.8% 0.85% +0.69
FNV Franco-Nevada Corp. Add +31.9% 1.66% +0.61
SYY Sysco Corp. New 0.61% +0.61
ASML ASML Holding NV-NY Reg SHS Add +116.9% 1.09% +0.58
DG Dollar General Corp. Add +44.6% 1.21% +0.57
ARW Arrow Electronics Inc. New 0.51% +0.51
BIL SS SPDR BB 1-3M T-Bill ETF Add +44.4% 2.38% +0.48
CSRE C&S Real Estate Active ETF New 0.44% +0.44
NVDA Nvidia Corp. Add +21.0% 2.35% +0.44
MDT Medtronic PLC Add +24.2% 2.96% +0.43
APD Air Products & Chemicals Inc. New 0.43% +0.43
HSY The Hershey Co. Add +114.7% 0.88% +0.40
SPOT Spotify Technology SA New 0.39% +0.39
UGI Ugi Corp. New 0.37% +0.37
DIS The Walt Disney Co. Add +24.3% 2.19% +0.36
ORCL Oracle Corp. Add +13.9% 1.58% +0.36
CL Colgate-Palmolive Co. New 0.31% +0.31
VOD Vodafone Group PLC-SP ADR Add +23.0% 1.26% +0.31
ZTS Zoetis Inc. New 0.29% +0.29
HUBB Hubbell Inc. New 0.29% +0.29
ROP Roper Technologies Inc. New 0.28% +0.28
JNJ Johnson & Johnson Add +25.7% 2.18% +0.28
DOCS Doximity Inc. Class A New 0.26% +0.26
OXY Occidental Petroleum Corp. New 0.23% +0.23
FDX FedEx Corp. Add +116.5% 0.67% +0.23
THO Thor Industries Inc. Add +82.8% 0.71% +0.22
UL Unilever PLC Add +13.8% 3.67% +0.21
SPYG SS SPDR P S&P 500 Growth ETF New 0.20% +0.20
SBUX Starbucks Corp. Add +56.1% 0.76% +0.20
GOOGL Alphabet Inc. Class A Add +35.6% 2.35% +0.19
GEV GE Vernova Inc. New 0.18% +0.18
SO The Southern Co. New 0.14% +0.14
AWK American Water Works Co. Inc. New 0.13% +0.13
LEN Lennar Corp. Class A Add +76.6% 0.61% +0.12
CTVA Corteva Inc. Add +0.5% 0.98% +0.12
COR Cencora Inc. Add +3.2% 0.32% +0.05
TT Trane Technologies PLC Add +16.1% 0.27% +0.04
GD General Dynamics Corp. Add +10.1% 0.79% +0.04
IEFA iShares Core MSCI Eafe ETF Add +21.7% 0.19% +0.04
ACN Accenture PLC Class A Add +44.5% 0.62% +0.04
GEHC GE Healthcare Technology Add +26.7% 0.77% +0.03
CME Cme Group Inc. Add +8.5% 0.37% +0.02
PG The Procter & Gamble Co. Add +21.7% 1.44% −0.00
KO The Coca-Cola Co. Add +0.0% 1.19% −0.01
QQQ Invesco QQQ Trust Series 1 Add +0.5% 0.21% −0.01
EXLS Exlservice Holdings Inc. Add +9.3% 0.25% −0.02
AMZN Amazon.com Inc. Add +12.1% 0.67% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 104$182.8MGBIL, BRK.B, CCEP, AAPL, UL
Q1 2026 99$175.6MGBIL, BRK.B, CCEP, AAPL, JNJ
Q4 2025 106$166.1MBRK.B, GBIL, CCEP, AAPL, UL
Q3 2025 106$166.1MBRK.B, GBIL, CCEP, AAPL, UL
Q2 2025 104$156.1MBRK.B, CCEP, GBIL, UL, MSFT
Q1 2025 96$134.8MBRK.B, GBIL, AAPL, CCEP, UL
Q4 2024 96$134.8MBRK.B, GBIL, AAPL, CCEP, UL
Q3 2024 88$135.2MBRK.B, GBIL, AAPL, CCEP, UL
Q2 2024 88$124.5MBRK.B, GBIL, CCEP, AAPL, INVH
Q1 2024 89$117.6MBRK.B, GBIL, CCEP, INVH, AAPL