Cheviot Value Management, LLC

CIK

1427147

Location

BEVERLY HILLS, CA

Portfolio Value

Small $656,905,025

Diversification

Diversified

Filing Date

Global Rank

#2,248 / 8,603 ▲ 54 · as of Mar 2026

Top Industry

Gold 21.2%

3Y Alpha vs SPY

+1.4%

Period ended 3 months ago

Filed May 12, 2026 · 58d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+82.7%

SPY

+76.0%

Annualised alpha

+1.5%

Max drawdown

−10.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

292 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

17.3%

−0.7 pts

Top 5

47.4%

−0.0 pts

Top 10

64.6%

−2.1 pts

HHI

685

Diversified−11

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	28.4%	$186,778,761	51
Basic Materials	20.9%	$137,601,257	16
Healthcare	14.1%	$92,361,733	46
Communication Services	13.8%	$90,906,008	16
Energy	6.9%	$45,276,142	12
Technology	6.4%	$42,045,069	49
Consumer Defensive	3.9%	$25,373,822	15
Consumer Cyclical	3.2%	$21,065,532	27
Unclassified	1.4%	$9,193,056	11
Industrials	0.8%	$5,191,654	36
Real Estate	0.2%	$1,056,814	7
Utilities	0.0%	$55,177	6

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
PFE	Pfizer Inc	+54,772	610,604	$17,145,760
CMCSA	Comcast Corp	+31,994	589,845	$16,934,449
AMZN	Amazon Com Inc	+5,893	80,701	$16,807,597
V	Visa Inc.	+4,704	78,196	$23,633,959
BRK-B	Berkshire Hathaway Inc	+3,281	237,675	$113,893,860
MRK	Merck & Co., Inc.	+1,734	171,470	$20,626,126
RKT	Rocket Companies, Inc.	+1,500	5,408	$77,064
COP	Conocophillips	+1,160	120,549	$15,912,468
QQQ	Invesco Qqq Trust, Series 1	+638	12,067	$6,964,831
MSFT	Microsoft Corp	+608	57,708	$21,361,770
SPY	Spdr S&P 500 ETF Trust	+522	1,701	$1,106,228
NKE	NIKE, Inc.	+400	3,556	$187,827
AGI	Alamos Gold Inc	+391	210,376	$9,347,005
QCOM	Qualcomm Inc/De	+350	3,380	$435,276
MS	Morgan Stanley	+225	4,550	$748,793
ORCL	Oracle Corp	+200	3,504	$515,473
BA	Boeing Co	+200	1,586	$315,661
PHYS	Sprott Physical Gold Trust	+190	1,365	$48,375
PSX	Phillips 66	+188	22,334	$4,068,808
BLDR	Builders FirstSource, Inc.	+150	2,825	$232,582
CSCO	Cisco Systems, Inc.	+150	4,629	$359,164
NVDA	Nvidia Corp	+120	13,711	$2,391,198
MKL	Markel Group Inc.	+115	6,955	$13,312,356
MNKD	Mannkind Corp	+100	200	$490
BBY	Best Buy Co Inc	+75	5,075	$325,815
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CEF	Sprott Physical Gold & Silver Trust	−52,498	573,842	$27,383,740
NEM	NEWMONT Corp /DE/	−15,838	222,899	$24,128,816
GOOGL	Alphabet Inc.	−14,844	166,300	$47,821,228
AEM	Agnico Eagle Mines Ltd	−14,764	411,089	$83,442,845
B	Barrick Mining Corp	−11,731	319,030	$13,013,233
PAAS	Pan American Silver Corp	−10,358	131,950	$7,208,428
JNJ	Johnson & Johnson	−6,381	159,348	$38,951,025
VZ	Verizon Communications Inc	−5,057	33,277	$1,670,505
DVN	Devon Energy Corp/De	−3,522	21,909	$1,102,460
OXY	Occidental Petroleum Corp /De/	−3,400	99,556	$6,471,140
MICC	Magnum Ice Cream Co N.V.	−2,891	71,331	$1,066,398
MDT	Medtronic plc	−2,175	7,252	$628,385
MO	Altria Group, Inc.	−1,000	8,008	$528,447
VSNT	Versant Media Group, Inc.	−553	17,119	$633,745
CVS	CVS HEALTH Corp	−539	42,357	$3,042,079
CVX	Chevron Corp	−291	82,901	$17,152,216
SNDK	Sandisk Corp	−262	1,752	$1,113,115
UL	Unilever PLC	−131	331,886	$18,907,545
PM	Philip Morris International Inc.	−115	9,563	$1,581,146
WY	Weyerhaeuser Co	−105	2,915	$71,213
WHR	Whirlpool Corp /De/	−100	550	$29,656
TGT	Target Corp	−100	3,891	$471,589
DIS	Walt Disney Co	−80	4,986	$480,550
BTI	British American Tobacco p.l.c.	−80	7,095	$414,844
AAPL	Apple Inc.	−77	34,539	$8,765,652
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
CDE	Coeur Mining, Inc.	7,238	$135,857
NOW	ServiceNow, Inc.	475	$49,661
MUC	Blackrock Muniholdings California Quality Fund, Inc.	1,718	$17,867
PSLV	Sprott Physical Silver Trust	500	$12,195
AU	AngloGold Ashanti PLC	100	$9,736
WAT	Waters Corp /De/	27	$8,040
WBD	Warner Bros. Discovery, Inc.	155	$4,256
HSLV	Highlander Silver Corp.	500	$2,940
MTSI	MACOM Technology Solutions Holdings, Inc.	10	$2,220
SCCO	Southern Copper Corp/	2	$340
NNVC	Nanoviricides, Inc.	72	$65
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
NGD	New Gold Inc. /FI	14,600	$127,166
CRH	Crh Public Ltd Co	221	$27,580
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

292 positions · $656,905,025 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 292 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BRK-B	Berkshire Hathaway Inc Financial Services	Added	237,675	+3,281	$113,893,860	−3.3%	17.34%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	411,089	-14,764	$83,442,845	+15.6%	12.70%
GOOGL	Alphabet Inc. Communication Services	Reduced	166,300	-14,844	$47,821,228	−15.7%	7.28%
JNJ	Johnson & Johnson Healthcare	Reduced	159,348	-6,381	$38,951,025	+13.6%	5.93%
CEF	Sprott Physical Gold & Silver Trust Financial Services	Reduced	573,842	-52,498	$27,383,740	−4.5%	4.17%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	222,899	-15,838	$24,128,816	+1.2%	3.67%
V	Visa Inc. Financial Services	Added	78,196	+4,704	$23,633,959	−8.3%	3.60%
META	Meta Platforms, Inc. Communication Services	Reduced	40,500	-2	$23,171,265	−13.3%	3.53%
MSFT	Microsoft Corp Technology	Added	57,708	+608	$21,361,770	−22.6%	3.25%
MRK	Merck & Co., Inc. Healthcare	Added	171,470	+1,734	$20,626,126	+15.4%	3.14%
UL	Unilever PLC Consumer Defensive	Reduced	331,886	-131	$18,907,545	−12.9%	2.88%
CVX	Chevron Corp Energy	Reduced	82,901	-291	$17,152,216	+35.3%	2.61%
PFE	Pfizer Inc Healthcare	Added	610,604	+54,772	$17,145,760	+23.9%	2.61%
CMCSA	Comcast Corp Communication Services	Added	589,845	+31,994	$16,934,449	+8.4%	2.58%
AMZN	Amazon Com Inc Consumer Cyclical	Added	80,701	+5,893	$16,807,597	−2.7%	2.56%
COP	Conocophillips Energy	Added	120,549	+1,160	$15,912,468	+42.4%	2.42%
MKL	Markel Group Inc. Financial Services	Added	6,955	+115	$13,312,356	−9.5%	2.03%
B	Barrick Mining Corp Basic Materials	Reduced	319,030	-11,731	$13,013,233	−9.7%	1.98%
AGI	Alamos Gold Inc Basic Materials	Added	210,376	+391	$9,347,005	+15.4%	1.42%
AAPL	Apple Inc. Technology	Reduced	34,539	-77	$8,765,652	−6.9%	1.33%
PAAS	Pan American Silver Corp Basic Materials	Reduced	131,950	-10,358	$7,208,428	−2.2%	1.10%
QQQ	Invesco Qqq Trust, Series 1	Added	12,067	+638	$6,964,831	−0.8%	1.06%
OXY	Occidental Petroleum Corp /De/ Energy	Reduced	99,556	-3,400	$6,471,140	+52.9%	0.99%
ABBV	AbbVie Inc. Healthcare	Reduced	28,080	-37	$6,107,119	−4.9%	0.93%
PSX	Phillips 66 Energy	Added	22,334	+188	$4,068,808	+42.4%	0.62%
CVS	CVS HEALTH Corp Healthcare	Reduced	42,357	-539	$3,042,079	−10.6%	0.46%
JPM	Jpmorgan Chase & Co Financial Services	Held	8,173	0	$2,404,169	−8.7%	0.37%
NVDA	Nvidia Corp Technology	Added	13,711	+120	$2,391,198	−5.7%	0.36%
AMAT	Applied Materials Inc /De Technology	Held	5,161	0	$1,763,978	+33.0%	0.27%
COST	Costco Wholesale Corp /New Consumer Defensive	Held	1,689	0	$1,682,970	+15.5%	0.26%
VZ	Verizon Communications Inc Communication Services	Reduced	33,277	-5,057	$1,670,505	+7.0%	0.25%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	9,563	-115	$1,581,146	+1.9%	0.24%
ABT	Abbott Laboratories Healthcare	Held	13,610	0	$1,397,338	−18.1%	0.21%
AMGN	Amgen Inc Healthcare	Held	3,762	0	$1,323,659	+7.5%	0.20%
WDC	Western Digital Corp Technology	Reduced	4,315	-50	$1,167,164	+55.2%	0.18%
SNDK	Sandisk Corp Technology	Reduced	1,752	-262	$1,113,115	+132.8%	0.17%
SPY	Spdr S&P 500 ETF Trust	Added	1,701	+522	$1,106,228	+37.6%	0.17%
DVN	Devon Energy Corp/De Energy	Reduced	21,909	-3,522	$1,102,460	+18.3%	0.17%
MICC	Magnum Ice Cream Co N.V. Consumer Defensive	Reduced	71,331	-2,891	$1,066,398	−9.4%	0.16%
MCD	Mcdonalds Corp Consumer Cyclical	Held	3,343	0	$1,038,970	+1.7%	0.16%
CAH	Cardinal Health Inc Healthcare	Held	4,100	0	$866,371	+2.8%	0.13%
GLW	Corning Inc /Ny Technology	Added	6,264	+2	$851,716	+55.3%	0.13%
WFC	Wells Fargo & Company/Mn Financial Services	Held	9,500	0	$756,295	−14.6%	0.12%
MS	Morgan Stanley Financial Services	Added	4,550	+225	$748,793	−2.5%	0.11%
TSLA	Tesla, Inc. Consumer Cyclical	Held	2,005	0	$745,358	−17.3%	0.11%
BAC	Bank Of America Corp /De/ Financial Services	Held	14,078	0	$686,302	−11.4%	0.10%
MMM	3M Co Industrials	Held	4,510	0	$654,987	−9.3%	0.10%
CDNS	Cadence Design Systems Inc Technology	Held	2,287	0	$635,488	−11.1%	0.10%
VSNT	Versant Media Group, Inc. Communication Services	Reduced	17,119	-553	$633,745	−20.3%	0.10%
MDT	Medtronic plc Healthcare	Reduced	7,252	-2,175	$628,385	−30.6%	0.10%