Cheviot Value Management, LLC — Q4 2025 13F Holdings

Name: Cheviot Value Management, LLC — 13F Holdings, Q4 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 416 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	10.90%	+0.54%	-1.23%
2	SGOV	Ishares 0-3 Month Treasury B	ETF-Gov Bonds	9.65%	+1.15%	+12.27%
3	AEM	Agnico Eagle Mines LTD	Stock-Materials	9.33%	-0.95%	-8.01%
4	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	5.98%	-1.18%	-4.35%
5	TOTL	Ss Doubleline Tr Tact ETF	ETF-Other	5.02%	+0.49%	+17.47%
6	JNJ	Johnson & Johnson	Stock-Healthcare	3.71%	+0.20%	-2.49%
7	CEF	Sprott Physical Gold And Sil	Stock-Other	3.64%	-0.89%	-13.84%
8	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	ETF-Corp Bonds	3.47%	+0.16%	+8.37%
9	NEM	Newmont CORP	Stock-Materials	3.09%	-0.67%	-24.34%
10	TDTF	Flexshares Iboxx 5-year Targ	ETF-Other	3.05%	+0.25%	+5.93%
11	MSFT	Microsoft CORP	Stock-Tech	2.70%	-0.55%	-1.53%
12	META	Meta Platforms Inc-class A	Stock-Comm Services	2.66%	-0.33%	-1.89%
13	V	Visa Inc-class A Shares	Stock-Financials	2.36%	+0.01%	+4.13%
14	UL	Unilever Plc-sponsored Adr	Stock-Consumer Staples	2.17%	-0.27%	—
15	AMZN	Amazon.com INC	Stock-Consumer Disc	1.79%	-0.10%	+8.24%
16	MRK	Merck & Co. INC.	Stock-Healthcare	1.78%	+0.29%	+2.68%
17	B	Barrick Mining CORP	Stock-Materials	1.72%	-0.41%	-22.46%
18	XOM	Exxon Mobil CORP	Stock-Energy	1.71%	+0.43%	+0.53%
19	CMCSA	Comcast Corp-class A	Stock-Comm Services	1.56%	+0.14%	+12.02%
20	PFE	Pfizer INC	Stock-Healthcare	1.41%	+0.31%	+12.02%
21	BRK-A	Berkshire Hathaway Inc-cl A	Stock-Other	1.39%	+0.05%	—
22	CVX	Chevron CORP	Stock-Energy	1.39%	+0.33%	+1.52%
23	MKL	Markel Group INC	Stock-Financials	1.35%	-0.01%	+1.26%
24	COP	Conocophillips	Stock-Energy	1.19%	+0.41%	+6.66%
25	PAAS	Pan American Silver CORP	Stock-Materials	0.92%	-0.20%	-20.90%
26	AGI	Alamos Gold Inc-class A	Stock-Materials	0.92%	—	+11.09%
27	AAPL	Apple INC	Stock-Tech	0.87%	—	-5.45%
28	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	0.71%	-0.01%	-0.19%
29	GDX	Vaneck Gold Miners ETF	ETF-Commodities	0.65%	-0.12%	-10.49%
30	DEM	Wisdomtree Emerging Markets	ETF-Emerging Markets	0.62%	—	-0.37%
31	ABBV	Abbvie INC	Stock-Healthcare	0.60%	—	-1.50%
32	IBDT	Ishares Ibonds Dec 2028 ETF	ETF-Other	0.59%	+0.05%	+8.74%
33	IBDW	Ishares Ibonds Dec 2031 CORP	ETF-Other	0.58%	+0.05%	+6.47%
34	FNDE	Schwab Fndmntl Em Mrk Eq ETF	ETF-Other	0.51%	—	-0.38%
35	OXY	Occidental Petroleum CORP	Stock-Energy	0.45%	+0.20%	-15.80%
36	OAKM	Oakmark US Large Cap ETF	ETF-Large Cap & Growth	0.36%	+0.11%	+140.51%
37	LBRDK	Liberty Broadband-c	Stock-Comm Services	0.32%	+0.32%	-32.69%
38	CVS	Cvs Health CORP	Stock-Healthcare	0.31%	—	-4.09%
39	PSX	Phillips 66	Stock-Energy	0.31%	+0.10%	+0.05%
40	AGG	Ishares Core U.s. Aggregate	ETF-Other	0.31%	+0.04%	-11.04%
41	SCHO	Schwab Short-term US Treas	ETF-Other	0.30%	+0.02%	+5.89%
42	PID	Invesco International Divide	ETF-Other	0.29%	-0.02%	-0.03%
43	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	0.26%	+0.04%	+6.26%
44	NVDA	Nvidia CORP	Stock-Tech	0.26%	-0.02%	-1.58%
45	JPM	Jpmorgan Chase & Co	Stock-Financials	0.24%	—	-1.41%
46	URNM	Sprott Uranium Miners ETF	ETF-Other	0.23%	-0.06%	—
47	BSV	Vanguard Short-term Bond ETF	ETF-Other	0.20%	—	-3.79%
48	AMAT	Applied Materials INC	Stock-Tech	0.17%	—	—
49	PM	Philip Morris International	Stock-Consumer Staples	0.17%	—	-9.46%
50	SMH	Vaneck Semiconductor ETF	ETF-Other	0.17%	—	—

1–50 of 200

Holding changes this quarter

Position changes disclosed by Cheviot Value Management, LLC for the quarter ending Q4 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	AEM	Agnico Eagle Mines LTD	+1.6%	-8.01%	Trim
2	CEF	Sprott Physical Gold And Sil	+0.8%	-13.84%	Trim
3	GOOGL	Alphabet Inc-cl A	+0.6%	-4.35%	Trim
4	NEM	Newmont CORP	+0.4%	-24.34%	Trim
5	SGOV	Ishares 0-3 Month Treasury B	+0.3%	+12.27%	Add
6	TOTL	Ss Doubleline Tr Tact ETF	+0.3%	+17.47%	Add
7	JNJ	Johnson & Johnson	+0.3%	-2.49%	Trim
8	AGI	Alamos Gold Inc-class A	+0.3%	+11.09%	Add
9	B	Barrick Mining CORP	+0.3%	-22.46%	Trim
10	MRK	Merck & Co. INC.	+0.3%	+2.68%	Add
11	PAAS	Pan American Silver CORP	+0.3%	-20.90%	Trim
12	OAKM	Oakmark US Large Cap ETF	+0.2%	+140.51%	Add
13	XOM	Exxon Mobil CORP	+0.2%	+0.53%	Add
14	COP	Conocophillips	+0.2%	+6.66%	Add
15	GDX	Vaneck Gold Miners ETF	+0.2%	-10.49%	Trim
16	PFE	Pfizer INC	+0.1%	+12.02%	Add
17	AMZN	Amazon.com INC	+0.1%	+8.24%	Add
18	CVX	Chevron CORP	+0.1%	+1.52%	Add
19	SNDK	Sandisk CORP	+0.1%	-21.63%	Trim
20	URNM	Sprott Uranium Miners ETF	+0.1%	—	Unchanged
21	AMAT	Applied Materials INC	+0.1%	—	Unchanged
22	GOVT	Ishares US Treasury Bond ETF	0%	+57.25%	Add
23	VUSB	Vanguard Ultra Short Bond Et	0%	+121.12%	Add
24	MKL	Markel Group INC	0%	+1.26%	Add
25	CMCSA	Comcast Corp-class A	0%	+12.02%	Add
26	IBDT	Ishares Ibonds Dec 2028 ETF	—	+8.74%	Add
27	DEM	Wisdomtree Emerging Markets	—	-0.37%	Trim
28	INTC	Intel CORP	-0.1%	-64.29%	Trim
29	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	-0.1%	+8.37%	Add
30	DIS	Walt Disney Co/the	-0.1%	-51.89%	Trim
31	BA	Boeing Co/the	-0.1%	-66.16%	Trim
32	AGG	Ishares Core U.s. Aggregate	-0.1%	-11.04%	Trim
33	CVS	Cvs Health CORP	-0.1%	-4.09%	Trim
34	TDTF	Flexshares Iboxx 5-year Targ	-0.1%	+5.93%	Add
35	AAPL	Apple INC	-0.2%	-5.45%	Trim
36	V	Visa Inc-class A Shares	-0.2%	+4.13%	Add
37	LBRDK	Liberty Broadband-c	-0.4%	-32.69%	Trim
38	FISV	Fiserv INC	-0.6%	-86.73%	Trim
39	META	Meta Platforms Inc-class A	-0.6%	-1.89%	Trim
40	MSFT	Microsoft CORP	-0.6%	-1.53%	Trim
41	MDT	Medtronic plc	-0.9%	-90.41%	Trim
42	BRK-B	Berkshire Hathaway Inc-cl B	-1.3%	-1.23%	Trim
43	UL	Unilever PLC	—	EXIT	Sold out
44	UL	Unilever Plc-sponsored Adr	—	NEW	New buy
45	MICC	The Magnum Ice Cream Company N.	—	NEW	New buy
46	SIG	Signet Jewelers Limited	—	EXIT	Sold out
47	VSNT	Versant Media Group INC	—	NEW	New buy
48	CHTR	Charter Communications Inc-a	—	EXIT	Sold out
49	ETSY	Etsy INC	—	EXIT	Sold out
50	ALK	Alaska Air Group INC	—	EXIT	Sold out