Cheviot Value Management, LLC Q4 2025 Filing

Filed February 3, 2026

Portfolio Value

$1.0B

Holdings

416

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (416 positions)

#StockSharesValue% PortfolioType
1
BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW
234,394$111.0M10.90%
2
SGOVISHARES 0-3 MONTH TREASURY BOND ETF
976,055$98.2M9.65%
3
AEMAGNICO EAGLE MINES LTD COM
425,853$95.0M9.33%
4
GOOGLALPHABET INC CAP STK CL A
181,144$60.9M5.98%
5
TOTLSTATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF
1,269,271$51.2M5.02%
6
JNJJOHNSON & JOHNSON COM
165,729$37.7M3.71%
7
CEF/USPROTT ASSET MANAGEMENT LP PHYSICAL GOLD AN
626,340$37.0M3.64%
8
LQDISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF
319,299$35.3M3.47%
9
NEMNEWMONT CORP COM
238,737$31.5M3.09%
10
TDTFFLEXSHARES IBOXX 5 YEAR TARGET DURATION TIPS INDEX FUND
1,290,146$31.0M3.05%
11
MSFTMICROSOFT CORP COM
57,100$27.5M2.70%
12
METAMETA PLATFORMS INC CL A
40,502$27.1M2.66%
13
VVISA INC COM CL A
73,492$24.0M2.36%
14
ULUNILEVER PLC SPON ADR NEW
332,017$22.1M2.17%
15
AMZNAMAZON COM INC COM
74,808$18.2M1.79%
16
MRKMERCK & CO INC COM
169,736$18.1M1.78%
17
BBARRICK MNG CORP
330,761$17.5M1.72%
18
XOMEXXON MOBIL CORP COM
126,893$17.5M1.71%
19
CMCSACOMCAST CORP NEW CL A
557,851$15.8M1.56%
20
PFEPFIZER INC COM
555,832$14.4M1.41%
21
BRK-BBERKSHIRE HATHAWAY INC DEL CL A
20$14.2M1.39%
22
CVXCHEVRON CORP NEW COM
83,192$14.1M1.39%
23
MKLMARKEL GROUP INC COM
6,840$13.8M1.35%
24
COPCONOCOPHILLIPS COM
119,389$12.1M1.19%
25
PAASPAN AMERN SILVER CORP COM
142,308$9.4M0.92%
26
AGIALAMOS GOLD INC NEW COM CL A
209,985$9.3M0.92%
27
AAPLAPPLE INC COM
34,616$8.9M0.87%
28
NDQINVESCO QQQ TRUST SERIES I
11,429$7.2M0.71%
29
GDXVANECK GOLD MINERS ETF
58,977$6.6M0.65%
30
DEMWISDOMTREE EMERGING MARKETS HIGH DIVIDEND FUND
125,506$6.3M0.62%
31
ABBVABBVIE INC COM
28,117$6.1M0.60%
32
IBDTISHARES IBONDS DEC 2028 TERM CORPORATE ETF
237,044$6.0M0.59%
33
IBDWISHARES IBONDS DEC 2031 TERM CORPORATE ETF
280,289$5.9M0.58%
34
FNDESCHWAB FUNDAMENTAL EMERGING MARKETS EQUITY ETF
129,165$5.2M0.51%
35
OXYOCCIDENTAL PETE CORP COM
102,956$4.6M0.45%
36
OAKMOAKMARK U.S. LARGE CAP ETF
131,390$3.7M0.36%
37
LBRDKLIBERTY BROADBAND CORP COM SER C
77,726$3.3M0.32%
38
CVSCVS HEALTH CORP COM
42,896$3.2M0.31%
39
PSXPHILLIPS 66 COM
22,146$3.1M0.31%
40
AGGISHARES CORE U.S. AGGREGATE BOND ETF
31,355$3.1M0.31%
41
SCHOSCHWAB SHORT-TERM US TREASURY ETF
124,818$3.0M0.30%
42
PIDINVESCO INTERNATIONAL DIVIDEND ACHIEVERS ETF
129,134$2.9M0.29%
43
VOOVANGUARD S&P 500 ETF
4,140$2.6M0.26%
44
NVDANVIDIA CORPORATION COM
13,591$2.6M0.26%
45
JPMJPMORGAN CHASE & CO. COM
8,173$2.5M0.24%
46
URNMSPROTT URANIUM MINERS ETF
27,330$2.3M0.23%
47
BSVVANGUARD SHORT-TERM BOND ETF
26,094$2.1M0.20%
48
AMATAPPLIED MATLS INC COM
5,161$1.7M0.17%
49
4I1PHILIP MORRIS INTL INC COM
9,678$1.7M0.17%
50
SMHVANECK SEMICONDUCTOR ETF
4,100$1.7M0.17%
51
GOOGALPHABET INC CAP STK CL C
4,836$1.6M0.16%
52
COSTCOSTCO WHOLESALE CORPORATION COM
1,689$1.6M0.16%
53
BACVERIZON COMMUNICATIONS INC COM
38,334$1.5M0.15%
54
ABTABBOTT LABS COM
13,610$1.4M0.14%
55
MICCMAGNUM ICE CREAM CO NV ORD SHS
74,222$1.3M0.13%
56
AQLTISHARES U.S. TREASURY BOND ETF
56,742$1.3M0.13%
57
AMGNAMGEN INC COM
3,762$1.3M0.13%
58
WDCWESTERN DIGITAL CORP COM
4,365$1.2M0.12%
59
SNDKSANDISK CORP COM
2,014$1.1M0.10%
60
MCDMCDONALDS CORP COM
3,343$1.0M0.10%
61
DVNDEVON ENERGY CORP NEW COM
25,431$1.0M0.10%
62
MDTMEDTRONIC PLC SHS
9,427$950K0.09%
63
XBISTATE STREET SPDR S&P BIOTECH ETF
7,100$894K0.09%
64
TSLATESLA INC COM
2,005$865K0.08%
65
CAHCARDINAL HEALTH INC COM
4,100$862K0.08%
66
VUSBVANGUARD ULTRA-SHORT BOND ETF
16,805$839K0.08%
67
WFCWELLS FARGO & CO COM
9,500$836K0.08%
68
GLIBKGCI LIBERTY INC COM SER C
23,004$833K0.08%
69
SPYSTATE STR SPDR S&P 500 ETF TR TR UNIT
1,179$820K0.08%
70
DWDMORGAN STANLEY COM NEW
4,325$788K0.08%
71
CDNSCADENCE DESIGN SYSTEM INC COM
2,287$732K0.07%
72
BACBANK AMERICA CORP COM
14,078$729K0.07%
73
SNPSSYNOPSYS INC COM
1,397$714K0.07%
74
MMM3M CO COM
4,510$703K0.07%
75
GLWCORNING INC COM
6,262$653K0.06%
76
RTXRTX CORPORATION COM
3,205$639K0.06%
77
ABGCENCORA INC COM
1,788$626K0.06%
78
ITA*ISHARES U.S. AEROSPACE & DEFENSE ETF
2,649$619K0.06%
79
LLYELI LILLY & CO COM
581$594K0.06%
80
VSNTVERSANT MEDIA GROUP INC COM CL A
17,672$593K0.06%
81
MAMASTERCARD INCORPORATED CL A
1,118$582K0.06%
82
SLVISHARES SILVER TRUST
5,430$573K0.06%
83
ORCLORACLE CORP COM
3,304$570K0.06%
84
MOALTRIA GROUP INC COM
9,008$568K0.06%
85
SPGSIMON PPTY GROUP INC NEW COM
3,065$563K0.06%
86
DISDISNEY WALT CO COM
5,066$555K0.05%
87
VTVANGUARD TOTAL WORLD STOCK ETF
3,571$524K0.05%
88
HDHOME DEPOT INC COM
1,350$506K0.05%
89
GSGOLDMAN SACHS GROUP INC COM
533$499K0.05%
90
QCOMQUALCOMM INC COM
3,030$462K0.05%
91
FFORD MTR CO COM
32,595$450K0.04%
92
NOCNORTHROP GRUMMAN CORP COM
650$447K0.04%
93
NSCNORFOLK SOUTHN CORP COM
1,535$436K0.04%
94
FISVFISERV INC COM
6,717$436K0.04%
95
BMTABRITISH AMERN TOB PLC SPONSORED ADR
7,175$431K0.04%
96
VUGVANGUARD GROWTH ETF
847$414K0.04%
97
TXNTEXAS INSTRS INC COM
1,916$414K0.04%
98
DYHTARGET CORP COM
3,991$406K0.04%
99
INTCINTEL CORP COM
8,314$405K0.04%
100
RGAREINSURANCE GRP OF AMERICA INC COM NEW
2,050$403K0.04%
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