CIK: 0001456417
Total reported value
$615.1M
Reporting period: 2020-12-31 · Number of holdings: 21
International Value Advisers, LLC disclosed 21 holdings in its latest 13F filing for the period ending 2020-12-31, with total reported value of $615.1M and a quarterly turnover rate of 35.9%.
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International Value Advisers, LLC's disclosed holdings carry a Herfindahl concentration index of 0.092 — mathematically equivalent to about 11 equally-sized positions, well below its 21 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.99), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 27% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim IAUUSD
-75.8% -$42.5M
Add NEM
-2.3% -$8.6M
Add LKQ
-26.5% -$5.0M
Add BRK-B
-26.6% -$20.7M
Add BIDU
-24.0% $4.5M
Trim ATRO
-94.3% -$11.6M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NEM | Newmont CORP | Stock-Materials | 16.47% | +3.88% | -2.33% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 13.41% | +1.59% | -26.58% | |
| 3 | LKQ | Lkq CORP | Stock-Consumer Disc | 11.57% | +2.84% | -26.49% | |
| 4 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 9.90% | +1.10% | -27.08% | |
| 5 | WU | Western Union Co | Stock-Financials | 8.56% | +0.80% | -24.01% | |
| 6 | WFC | Wells Fargo & Co | Stock-Financials | 7.17% | +0.84% | -37.79% | |
| 7 | CVSA | Covista INC | Stock-Consumer Staples | 6.14% | -0.17% | -50.45% | |
| 8 | ABX | Barrick Gold CORP | Stock-Financials | 3.69% | +0.42% | -1.87% | |
| 9 | CDK | Cdk Global INC | Stock-Other | 3.55% | +0.69% | -26.44% | |
| 10 | ✓ | Stock-Other | 3.55% | +0.19% | -25.04% | ||
| 11 | BIDU | Baidu INC - Spon Adr | Stock-Comm Services | 3.17% | +1.45% | -23.98% | |
| 12 | MA | Mastercard INC - A | Stock-Financials | 2.74% | +0.25% | -26.26% | |
| 13 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.26% | -0.86% | -57.23% | |
| 14 | IAUUSD | Ishares Gold Trust | ETF-Commodities | 2.23% | -4.21% | -75.79% | |
| 15 | AXP | American Express Co | Stock-Financials | 1.48% | +0.31% | -26.11% | |
| 16 | SKAA | Skechers USA Inc-cl A | Stock-Other | 1.40% | -0.29% | -50.80% | |
| 17 | FLS | Flowserve CORP | Stock-Industrials | 1.26% | +0.38% | -25.43% | |
| 18 | QVCAUSD | Qurate Retail Inc-series A | Stock-Other | 0.70% | +0.26% | -26.67% | |
| 19 | LOMA | Loma Negra Cia Ind-spon Adr | Stock-Other | 0.49% | +0.05% | -44.50% | |
| 20 | ATRO | Astronics CORP | Stock-Other | 0.20% | -1.27% | -94.34% | |
| 21 | FENGEUR | Phoenix New Media LTD -adr | Stock-Other | 0.06% | -0.18% | -80.92% |
Not enough priced holdings yet to compute performance
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2020-12-31 | 21 | $615.1M | 36 | |
| 2020-09-30 | 27 | $872.5M | 55 | |
| 2020-06-30 | 32 | $1.3B | 36 | |
| 2020-03-31 | 29 | $1.6B | 74 | |
| 2019-12-31 | 31 | $2.4B | 20 | |
| 2019-09-30 | 28 | $2.7B | 26 | |
| 2019-06-30 | 23 | $2.6B | 100 | |
| 2019-03-31 | 21 | $2.6B | 0 | |
| 2018-12-31 | 26 | $3.3B | 11 | |
| 2018-09-30 | 33 | $3.6B | 11 | |
| 2018-06-30 | 34 | $3.7B | 20 | |
| 2018-03-31 | 34 | $3.6B | 100 | |
| 2017-12-31 | 32 | $3.4B | 0 | |
| 2017-09-30 | 31 | $3.3B | 8 | |
| 2017-06-30 | 31 | $3.2B | 14 | |
| 2017-03-31 | 31 | $3.1B | 9 | |
| 2016-12-31 | 30 | $3.0B | 27 | |
| 2016-09-30 | 33 | $3.4B | 15 | |
| 2016-06-30 | 32 | $3.4B | 18 | |
| 2016-03-31 | 31 | $3.5B | 23 | |
| 2015-12-31 | 32 | $3.8B | 100 | |
| 2015-09-30 | 30 | $3.7B | 0 | |
| 2015-06-30 | 30 | $3.9B | 17 | |
| 2015-03-31 | 33 | $4.0B | 17 | |
| 2014-12-31 | 34 | $4.4B | 24 | |
| 2014-09-30 | 37 | $4.4B | 54 | |
| 2014-06-30 | 38 | $4.3B | 23 | |
| 2014-03-31 | 36 | $4.2B | 40 | |
| 2013-12-31 | 37 | $4.0B | 29 | |
| 2013-09-30 | 36 | $3.8B | 46 | |
| 2013-06-30 | 38 | $3.8B | 0 |
International Value Advisers, LLC's most significant position changes for 2020-12-31: Sold out: Alphabet Inc-cl C (GOOG); Sold out: Chevron CORP (CVX); Sold out: Tapestry INC (TPR); Sold out: Slb LTD (SLB); Sold out: Criteo Sa-spon Adr (CRTO).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NEM | Newmont CORP | +3.9% | -2.33% | Trim |
| 2 | LKQ | Lkq CORP | +2.8% | -26.49% | Trim |
| 3 | BRK-B | Berkshire Hathaway Inc-cl B | +1.6% | -26.58% | Trim |
| 4 | BIDU | Baidu INC - Spon Adr | +1.5% | -23.98% | Trim |
| 5 | BRK-A | Berkshire Hathaway Inc-cl A | +1.1% | -27.08% | Trim |
| 6 | WFC | Wells Fargo & Co | +0.8% | -37.79% | Trim |
| 7 | WU | Western Union Co | +0.8% | -24.01% | Trim |
| 8 | CDK | Cdk Global INC | +0.7% | -26.44% | Trim |
| 9 | ABX | Barrick Gold CORP | +0.4% | -1.87% | Trim |
| 10 | FLS | Flowserve CORP | +0.4% | -25.43% | Trim |
| 11 | AXP | American Express Co | +0.3% | -26.11% | Trim |
| 12 | QVCAUSD | Qurate Retail Inc-series A | +0.3% | -26.67% | Trim |
| 13 | MA | Mastercard INC - A | +0.3% | -26.26% | Trim |
| 14 | ✓ | +0.2% | -25.04% | Trim | |
| 15 | LOMA | Loma Negra Cia Ind-spon Adr | +0.1% | -44.50% | Trim |
| 16 | CVSA | Covista INC | -0.2% | -50.45% | Trim |
| 17 | FENGEUR | Phoenix New Media LTD -adr | -0.2% | -80.92% | Trim |
| 18 | SKAA | Skechers USA Inc-cl A | -0.3% | -50.80% | Trim |
| 19 | GOOGL | Alphabet Inc-cl A | -0.9% | -57.23% | Trim |
| 20 | ATRO | Astronics CORP | -1.3% | -94.34% | Trim |
| 21 | IAUUSD | Ishares Gold Trust | -4.2% | -75.79% | Trim |
| 22 | GOOG | Alphabet Inc-cl C | — | EXIT | Sold out |
| 23 | CVX | Chevron CORP | — | EXIT | Sold out |
| 24 | TPR | Tapestry INC | — | EXIT | Sold out |
| 25 | SLB | Slb LTD | — | EXIT | Sold out |
| 26 | CRTO | Criteo Sa-spon Adr | — | EXIT | Sold out |
| 27 | LSAK | Lesaka Technologies INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2020-12-31 | 2021-02-12 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-13 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-13 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-14 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-13 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-13 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-13 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-23 | Amendment | View on EDGAR |
| 2019-03-31 | 2019-05-14 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-13 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-13 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-13 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-14 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-14 | Amendment | View on EDGAR |
| 2017-12-31 | 2018-02-13 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-11 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-12 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-13 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-10 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-12 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-12 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-12-03 | Amendment | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-14 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-13 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-13 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-13 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-14 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | Amendment | View on EDGAR |
| 2013-12-31 | 2014-02-12 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-13 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-13 | 13F-HR | View on EDGAR |
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