Kercheville Advisors, LLC
Long book
$312.7M
Q1 2026
Positions
106
Top-10 weight
48%
concentration
Last quarter
+9.0%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsKercheville Advisors, LLC is a diversified fundamental manager, running a $312.7M US long book across 106 positions.
The portfolio is moderately concentrated (top 10 ≈ 48% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: AGNICO EAGLE MINES LTD, NVIDIA CORP, AMAZON.COM INC, APPLE INC, ALPHABET INC-CL C.
Over the last 9 quarters its long book ran on average 1.4pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+5.5%
Q2 2024
+3.7%
Q3 2024
+3.9%
Q4 2024
-0.4%
Q1 2025
+10.6%
Q2 2025
+13.2%
Q3 2025
+2.6%
Q4 2025
+4.4%
Q1 2026
+9.0%
Sector allocation
Technology 35%
Consumer discretionary 16%
Energy 12%
Materials 11%
Industrials 10%
Services media 5%
Healthcare 3%
Financials 3%
Long book by quarter
What does Kercheville Advisors, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AEM AGNICO EAGLE MINES LTD | Materials | 103.6K | $21.0M | 6.7% | -2.1% |
| NVDA NVIDIA CORP | Technology | 114.2K | $19.9M | 6.4% | -1.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 91.4K | $19.0M | 6.1% | -4.6% |
| AAPL APPLE INC | Technology | 70.1K | $17.8M | 5.7% | -0.6% |
| GOOG ALPHABET INC-CL C | Technology | 54.5K | $15.6M | 5.0% | -6.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 12.5K | $12.4M | 4.0% | +2.3% |
| XOM EXXON MOBIL CORP | Energy | 62.4K | $10.6M | 3.4% | +1.1% |
| META META PLATFORMS INC-CLASS A | Technology | 17.5K | $10.0M | 3.2% | -14.4% |
| SUN SUNOCO LP | Energy | 154.1K | $10.0M | 3.2% | 0.0% |
| NFLX NETFLIX INC | Services media | 84.4K | $8.1M | 2.6% | -7.4% |
| WMT WALMART INC | Consumer discretionary | 63.5K | $7.9M | 2.5% | +3.8% |
| GOOGL ALPHABET INC-CL A | Technology | 27.0K | $7.8M | 2.5% | -13.9% |
| MPLX MPLX LP | Energy | 135.3K | $7.7M | 2.5% | +3.0% |
| GEV GE VERNOVA INC | Industrials | 7.6K | $6.7M | 2.1% | -3.4% |
| CELH CELSIUS HOLDINGS INC | Consumer staples | 176.7K | $6.3M | 2.0% | -27.6% |
| TSLA TESLA INC | Industrials | 15.8K | $5.9M | 1.9% | -13.9% |
| MSFT MICROSOFT CORP | Technology | 15.0K | $5.5M | 1.8% | -13.0% |
| IBRX IMMUNITYBIO INC | Healthcare | 643.1K | $4.9M | 1.6% | +10.1% |
| CCJ CAMECO CORP | Materials | 43.2K | $4.7M | 1.5% | -13.6% |
| BE BLOOM ENERGY CORP- A | Industrials | 31.9K | $4.3M | 1.4% | -33.9% |
| MU MICRON TECHNOLOGY INC | Technology | 12.4K | $4.2M | 1.3% | +54.4% |
| AMD ADVANCED MICRO DEVICES | Technology | 18.1K | $3.7M | 1.2% | -12.7% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 24.8K | $3.6M | 1.2% | -27.0% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 93.3K | $3.5M | 1.1% | +129.3% |
| AGI ALAMOS GOLD INC-CLASS A | Materials | 77.1K | $3.4M | 1.1% | -9.6% |
| LUV SOUTHWEST AIRLINES CO | Industrials | 90.2K | $3.4M | 1.1% | -30.4% |
| BX BLACKSTONE INC | Financials | 28.2K | $3.2M | 1.0% | -16.8% |
| SBUX STARBUCKS CORP | Consumer discretionary | 33.1K | $3.0M | 0.9% | -1.5% |
| UBER UBER TECHNOLOGIES INC | Services media | 35.9K | $2.6M | 0.8% | -9.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 4.7K | $2.3M | 0.7% | -3.1% |
| CAT CATERPILLAR INC | Industrials | 2.9K | $2.0M | 0.6% | -0.3% |
| SNPS SYNOPSYS INC | Technology | 5.0K | $2.0M | 0.6% | Held |
| CVX CHEVRON CORP | Energy | 9.2K | $1.9M | 0.6% | +3.8% |
| LLY ELI LILLY & CO | Healthcare | 2.0K | $1.9M | 0.6% | -45.8% |
| MCD MCDONALD'S CORP | Consumer discretionary | 5.1K | $1.6M | 0.5% | -0.5% |
| ET ENERGY TRANSFER LP | Utilities | 78.0K | $1.5M | 0.5% | +21.1% |
| DE DEERE & CO | Industrials | 2.3K | $1.3M | 0.4% | +10.8% |
| SLB SLB LTD | Energy | 21.4K | $1.1M | 0.4% | -37.1% |
| HD HOME DEPOT INC | Consumer discretionary | 3.2K | $1.0M | 0.3% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 12.7K | $987K | 0.3% | -7.3% |
| ALG ALAMO GROUP INC | Industrials | 5.9K | $973K | 0.3% | -1.7% |
| DELL DELL TECHNOLOGIES -C | Technology | 5.7K | $928K | 0.3% | -34.7% |
| LVS LAS VEGAS SANDS CORP | Services media | 15.7K | $845K | 0.3% | -32.9% |
| UEC URANIUM ENERGY CORP | Materials | 60.5K | $817K | 0.3% | -49.9% |
| SHOP SHOPIFY INC - CLASS A | Technology | 6.8K | $813K | 0.3% | -6.9% |
| AKAM AKAMAI TECHNOLOGIES INC | Services media | 7.0K | $798K | 0.3% | +49.5% |
| WES WESTERN MIDSTREAM PARTNERS L | Utilities | 19.3K | $795K | 0.3% | +69.3% |
| FANG DIAMONDBACK ENERGY INC | Energy | 4.0K | $791K | 0.3% | New |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.2% | Held |
| HAL HALLIBURTON CO | Energy | 17.1K | $665K | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 20, 2026 | 106 | $312.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 117 | $381.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 106 | $331.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 22, 2025 | 105 | $289.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 17, 2025 | 89 | $245.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 27, 2025 | 94 | $257.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 24, 2024 | 85 | $237.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 30, 2024 | 84 | $230.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 25, 2024 | 86 | $211.7M | canonical | SEC ↗ |
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