Cheviot Value Management, LLC — Q3 2025 13F Holdings

Name: Cheviot Value Management, LLC — 13F Holdings, Q3 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001427147

Total reported value

$995.6M

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Full holdings list this quarter

Showing top 200 holdings (of 444 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	12.15%	+0.54%	-0.99%
2	SGOV	Ishares 0-3 Month Treasury B	ETF-Gov Bonds	9.31%	+1.15%	-0.10%
3	AEM	Agnico Eagle Mines LTD	Stock-Materials	7.72%	-0.95%	-3.26%
4	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	5.39%	-1.18%	-6.45%
5	TOTL	Ss Doubleline Tr Tact ETF	ETF-Other	4.69%	+0.49%	+10.54%
6	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	ETF-Corp Bonds	3.54%	+0.16%	+14.06%
7	JNJ	Johnson & Johnson	Stock-Healthcare	3.38%	+0.20%	-1.49%
8	MSFT	Microsoft CORP	Stock-Tech	3.34%	-0.55%	-0.87%
9	META	Meta Platforms Inc-class A	Stock-Comm Services	3.30%	-0.33%	-6.71%
10	TDTF	Flexshares Iboxx 5-year Targ	ETF-Other	3.15%	+0.25%	+30.16%
11	CEF	Sprott Physical Gold And Sil	Stock-Other	2.82%	-0.89%	-0.80%
12	NEM	Newmont CORP	Stock-Materials	2.66%	-0.67%	-9.92%
13	V	Visa Inc-class A Shares	Stock-Financials	2.60%	+0.01%	-0.64%
14	UL	Unilever PLC	Stock-Consumer Staples	2.48%	—	-1.05%
15	AMZN	Amazon.com INC	Stock-Consumer Disc	1.69%	-0.10%	+0.29%
16	CMCSA	Comcast Corp-class A	Stock-Comm Services	1.55%	+0.14%	+2.48%
17	XOM	Exxon Mobil CORP	Stock-Energy	1.54%	+0.43%	+2.99%
18	BRK-A	Berkshire Hathaway Inc-cl A	Stock-Other	1.54%	+0.05%	—
19	MRK	Merck & Co. INC.	Stock-Healthcare	1.53%	+0.29%	+4.44%
20	B	Barrick Mining CORP	Stock-Materials	1.44%	-0.41%	-24.72%
21	CVX	Chevron CORP	Stock-Energy	1.34%	+0.33%	+1.89%
22	MKL	Markel Group INC	Stock-Financials	1.32%	-0.01%	-0.98%
23	PFE	Pfizer INC	Stock-Healthcare	1.29%	+0.31%	+0.26%
24	AAPL	Apple INC	Stock-Tech	1.05%	—	-0.40%
25	COP	Conocophillips	Stock-Energy	1.03%	+0.41%	+0.50%
26	MDT	Medtronic plc	Stock-Healthcare	0.97%	-0.03%	-0.68%
27	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	0.77%	-0.01%	+1.17%
28	LBRDK	Liberty Broadband-c	Stock-Comm Services	0.70%	+0.32%	-14.87%
29	ABBV	Abbvie INC	Stock-Healthcare	0.69%	—	-1.02%
30	FISV	Fiserv INC	Stock-Other	0.68%	—	+486.07%
31	PAAS	Pan American Silver CORP	Stock-Materials	0.67%	-0.20%	-7.12%
32	AGI	Alamos Gold Inc-class A	Stock-Materials	0.63%	—	+7.16%
33	DEM	Wisdomtree Emerging Markets	ETF-Emerging Markets	0.62%	—	-0.14%
34	IBDW	Ishares Ibonds Dec 2031 CORP	ETF-Other	0.60%	+0.05%	+8.12%
35	IBDT	Ishares Ibonds Dec 2028 ETF	ETF-Other	0.59%	+0.05%	+5.85%
36	OXY	Occidental Petroleum CORP	Stock-Energy	0.53%	+0.20%	-0.57%
37	FNDE	Schwab Fndmntl Em Mrk Eq ETF	ETF-Other	0.51%	—	-1.15%
38	GDX	Vaneck Gold Miners ETF	ETF-Commodities	0.50%	-0.12%	-2.46%
39	CVS	Cvs Health CORP	Stock-Healthcare	0.39%	—	-3.06%
40	AGG	Ishares Core U.s. Aggregate	ETF-Other	0.38%	+0.04%	+1.00%
41	PSX	Phillips 66	Stock-Energy	0.31%	+0.10%	-1.56%
42	SCHO	Schwab Short-term US Treas	ETF-Other	0.31%	+0.02%	-12.88%
43	PID	Invesco International Divide	ETF-Other	0.30%	-0.02%	-1.44%
44	NVDA	Nvidia CORP	Stock-Tech	0.30%	-0.02%	-0.63%
45	JPM	Jpmorgan Chase & Co	Stock-Financials	0.27%	—	—
46	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	0.26%	+0.04%	+19.44%
47	BSV	Vanguard Short-term Bond ETF	ETF-Other	0.23%	—	-3.71%
48	ABT	Abbott Laboratories	Stock-Healthcare	0.19%	—	-0.27%
49	VZ	Verizon Communications INC	Stock-Comm Services	0.19%	+0.02%	-1.02%
50	URNM	Sprott Uranium Miners ETF	ETF-Other	0.18%	-0.06%	—

1–50 of 200

Holding changes this quarter

Position changes disclosed by Cheviot Value Management, LLC for the quarter ending Q3 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	GOOGL	Alphabet Inc-cl A	+1.3%	-6.45%	Trim
2	AEM	Agnico Eagle Mines LTD	+0.9%	-3.26%	Trim
3	TDTF	Flexshares Iboxx 5-year Targ	+0.6%	+30.16%	Add
4	FISV	Fiserv INC	+0.5%	+486.07%	Add
5	AGI	Alamos Gold Inc-class A	+0.5%	+7.16%	Add
6	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	+0.3%	+14.06%	Add
7	NEM	Newmont CORP	+0.3%	-9.92%	Trim
8	CEF	Sprott Physical Gold And Sil	+0.2%	-0.80%	Trim
9	AAPL	Apple INC	+0.2%	-0.40%	Add
10	MSFT	Microsoft CORP	+0.2%	-0.87%	Trim
11	OAKM	Oakmark US Large Cap ETF	+0.1%	+10.62%	Add
12	AMZN	Amazon.com INC	+0.1%	+0.29%	Add
13	NVDA	Nvidia CORP	+0.1%	-0.63%	Add
14	QQQ	Invesco Qqq Trust Series 1	+0.1%	+1.17%	Add
15	JNJ	Johnson & Johnson	+0.1%	-1.49%	Trim
16	PAAS	Pan American Silver CORP	+0.1%	-7.12%	Trim
17	GDX	Vaneck Gold Miners ETF	+0.1%	-2.46%	Trim
18	VOO	Vanguard S&p 500 ETF	+0.1%	+19.44%	Add
19	INTC	Intel CORP	+0.1%	+164.17%	Add
20	BA	Boeing Co/the	+0.1%	+337.61%	Add
21	MMM	3m Co	+0.1%	+4510.00%	Add
22	URNM	Sprott Uranium Miners ETF	+0.1%	—	Add
23	MRK	Merck & Co. INC.	+0.1%	+4.44%	Add
24	GOOG	Alphabet Inc-cl C	+0.1%	+3.54%	Add
25	SMH	Vaneck Semiconductor ETF	+0.1%	—	Unchanged
26	DIS	Walt Disney Co/the	+0.1%	+67.33%	Add
27	META	Meta Platforms Inc-class A	0%	-6.71%	Trim
28	XOM	Exxon Mobil CORP	0%	+2.99%	Add
29	CVX	Chevron CORP	0%	+1.89%	Add
30	FNDE	Schwab Fndmntl Em Mrk Eq ETF	0%	-1.15%	Add
31	OXY	Occidental Petroleum CORP	0%	-0.57%	Add
32	IBDW	Ishares Ibonds Dec 2031 CORP	0%	+8.12%	Add
33	IBDT	Ishares Ibonds Dec 2028 ETF	0%	+5.85%	Add
34	PSX	Phillips 66	0%	-1.56%	Trim
35	ABBV	Abbvie INC	0%	-1.02%	Trim
36	TOTL	Ss Doubleline Tr Tact ETF	0%	+10.54%	Add
37	MDT	Medtronic plc	-0.1%	-0.68%	Trim
38	COP	Conocophillips	-0.1%	+0.50%	Add
39	SGOV	Ishares 0-3 Month Treasury B	-0.1%	-0.10%	Add
40	DVN	Devon Energy CORP	-0.1%	-35.10%	Trim
41	BRK-A	Berkshire Hathaway Inc-cl A	-0.4%	—	Unchanged
42	CMCSA	Comcast Corp-class A	-0.4%	+2.48%	Add
43	UL	Unilever PLC	-0.5%	-1.05%	Trim
44	LBRDK	Liberty Broadband-c	-0.9%	-14.87%	Trim
45	BRK-B	Berkshire Hathaway Inc-cl B	-3.1%	-0.99%	Trim
46	B	Barrick Mining CORP	—	NEW	New buy
47	ABX	Barrick Gold CORP	—	EXIT	Sold out
48	GLIBK	Liberty Capital Corp-cl C	—	NEW	New buy
49	SIG	Signet Jewelers Limited	—	NEW	New buy
50	CAH	Cardinal Health INC	—	NEW	New buy