Tevis Investment Management

Fundamental diversified ★Signal CIK 1940416
League rank
#800
in Fundamental diversified · #6648 overall
Long book
$175.6M
Q1 2026
Positions
99
Top-10 weight
42%
concentration
Last quarter
+7.3%
SPY +14.8%
Turnover
37%
of book per quarter

Strategy in plain words

auto-generated from filings

Tevis Investment Management is a diversified fundamental manager, running a $175.6M US long book across 99 positions.

The portfolio is moderately concentrated (top 10 ≈ 42% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: GOLDMAN SACHS ACCESS TREASUR, BERKSHIRE HATHAWAY INC-CL B, COCA-COLA EUROPACIFIC PARTNE, APPLE INC, JOHNSON & JOHNSON.

Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 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
+1.5%
Q2 2024
+7.3%
Q3 2024
-1.8%
Q4 2024
+3.6%
Q1 2025
+4.5%
Q2 2025
+6.6%
Q3 2025
+2.1%
Q4 2025
+1.2%
Q1 2026
+7.3%

Sector allocation

Technology
16%
Industrials
16%
Financials
13%
Healthcare
11%
Consumer staples
10%
Energy
8%
Consumer discretionary
7%
Materials
5%

Long book by quarter

$117.6M
Q1 2024
$124.5M
Q2 2024
$135.2M
Q3 2024
$134.8M
Q4 2024
$134.8M
Q1 2025
$156.1M
Q2 2025
$166.1M
Q3 2025
$166.1M
Q4 2025
$175.6M
Q1 2026

What does Tevis Investment own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials20.0K$9.6M5.5%+5.1%
CCEP COCA-COLA EUROPACIFIC PARTNEConsumer staples74.2K$6.7M3.8%-0.7%
AAPL APPLE INCTechnology23.2K$5.9M3.3%-1.0%
JNJ JOHNSON & JOHNSONHealthcare22.7K$5.6M3.2%-1.3%
MSFT MICROSOFT CORPTechnology14.9K$5.5M3.1%+41.7%
GOOGL ALPHABET INC-CL ATechnology17.4K$5.0M2.9%-13.2%
MDT MEDTRONIC PLCHealthcare54.1K$4.7M2.7%+1.1%
NVDA NVIDIA CORPTechnology24.3K$4.2M2.4%+5.3%
CVX CHEVRON CORPEnergy19.5K$4.0M2.3%+41.1%
FNV FRANCO-NEVADA CORPMaterials16.2K$4.0M2.3%+3.7%
L LOEWS CORPFinancials33.5K$3.6M2.0%+2.2%
PG PROCTER & GAMBLE CO/THEOther20.7K$3.0M1.7%+39.7%
HON HONEYWELL INTERNATIONAL INCIndustrials12.6K$2.8M1.6%+62.9%
EOG EOG RESOURCES INCEnergy19.5K$2.8M1.6%+14.0%
XOM EXXON MOBIL CORPEnergy15.5K$2.6M1.5%+0.2%
ASML ASML HOLDING NV-NY REG SHSIndustrials1.9K$2.5M1.4%-11.0%
DIS WALT DISNEY CO/THEServices media25.6K$2.5M1.4%+9.5%
AEM AGNICO EAGLE MINES LTDMaterials12.1K$2.5M1.4%-40.5%
OKE ONEOK INCUtilities26.9K$2.4M1.4%+17.8%
ARW ARROW ELECTRONICS INCConsumer discretionary15.7K$2.2M1.3%+118.3%
VZ VERIZON COMMUNICATIONS INCCommunications42.0K$2.1M1.2%New
PM PHILIP MORRIS INTERNATIONALConsumer staples12.3K$2.1M1.2%Held
KO COCA-COLA CO/THEConsumer staples26.2K$2.0M1.1%+0.3%
RTX RTX CORPIndustrials10.3K$2.0M1.1%-17.7%
PEP PEPSICO INCConsumer staples11.2K$1.7M1.0%+18.4%
SBUX STARBUCKS CORPConsumer discretionary18.9K$1.7M1.0%+21.9%
GD GENERAL DYNAMICS CORPIndustrials4.9K$1.7M1.0%+6.4%
LEN LENNAR CORP-AIndustrials19.1K$1.7M0.9%+108.8%
C CITIGROUP INCFinancials14.6K$1.7M0.9%+4.6%
FDX FEDEX CORPIndustrials4.5K$1.6M0.9%-20.0%
V VISA INC-CLASS A SHARESServices media5.2K$1.6M0.9%+37.1%
THO THOR INDUSTRIES INCIndustrials18.8K$1.5M0.9%+44.9%
TRV TRAVELERS COS INC/THEFinancials5.1K$1.5M0.8%-22.6%
MGA MAGNA INTERNATIONAL INCIndustrials26.4K$1.5M0.8%-12.9%
LLY ELI LILLY & COHealthcare1.6K$1.5M0.8%-14.6%
EMR EMERSON ELECTRIC COIndustrials10.5K$1.4M0.8%+5.8%
JPM JPMORGAN CHASE & COFinancials4.7K$1.4M0.8%+10.0%
IEX IDEX CORPIndustrials6.1K$1.2M0.7%+56.7%
LBTYA LIBERTY GLOBAL LTD-ACommunications90.6K$1.1M0.6%+35.3%
AMZN AMAZON.COM INCConsumer discretionary5.0K$1.0M0.6%+4.1%
CHRW C.H. ROBINSON WORLDWIDE INCIndustrials6.3K$1.0M0.6%-22.2%
GM GENERAL MOTORS COIndustrials13.6K$1.0M0.6%-40.8%
SYY SYSCO CORPConsumer discretionary12.9K$917K0.5%+2.1%
DG DOLLAR GENERAL CORPConsumer discretionary7.7K$913K0.5%-53.8%
MRK MERCK & CO. INC.Healthcare7.5K$912K0.5%-6.2%
ABBV ABBVIE INCHealthcare4.0K$870K0.5%Held
MO ALTRIA GROUP INCConsumer staples12.9K$863K0.5%Held
MA MASTERCARD INC - AServices media1.7K$827K0.5%Held
HUBB HUBBELL INCTechnology1.6K$799K0.5%+48.4%
WMT WALMART INCConsumer discretionary6.2K$777K0.4%-47.0%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 4, 202699$175.6M canonicalSEC ↗
Q4 202513F-HRFeb 2, 2026106$166.1M canonicalSEC ↗
Q3 202513F-HRDec 2, 2025106$166.1M canonicalSEC ↗
Q2 202513F-HRAug 1, 2025104$156.1M canonicalSEC ↗
Q1 202513F-HRApr 25, 202596$136.9M canonicalSEC ↗
Q4 202413F-HRJan 28, 202596$134.8M canonicalSEC ↗
Q3 202413F-HROct 28, 202488$135.2M canonicalSEC ↗
Q2 202413F-HRJul 23, 202488$124.5M canonicalSEC ↗
Q1 202413F-HRApr 16, 202489$117.6M canonicalSEC ↗