1y return+14.2%S&P 500 +20.9%
3y return+57.2%S&P 500 +68.5%
5y return+54.7%S&P 500 +74.5%
10y return+157.2%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $257 against $357 in the S&P 500.2
Cheviot Value Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| BRK/BBerkshire Hathaway Inc Del Cl B New | $118.9M | 12.1% | |
| SGOVIshares 0-3 Month Treasury Bond Etf | $100.9M | 10.3% | −6.1% |
| AEMAgnico Eagle Mines Ltd Com | $63.6M | 6.5% | |
| GOOGLAlphabet Inc Cap Stk Cl A | $56.8M | 5.8% | −4.4% |
| TOTLState Street Doubleline Total Return Tactical Etf | $54.0M | 5.5% | |
| JNJJohnson & Johnson Com | $39.3M | 4.0% | −2.9% |
| LQDIshares Iboxx $ Investment Grade Corporate Bond Etf | $35.3M | 3.6% | −2.4% |
| TDTFFlexshares Iboxx 5 Year Target Duration Tips Index Fund | $32.6M | 3.3% | |
| VVisa Inc Com Cl A | $27.6M | 2.8% | +2.8% |
| METAMeta Platforms Inc Cl A | $24.7M | 2.5% | +8.2% |
| CEFSprott Asset Management LP Physical Gold An | $22.8M | 2.3% | −1.2% |
| ULUnilever PLC Spon Adr New | $22.1M | 2.2% | +10.7% |
| MRKMerck & Co Inc Com | $22.0M | 2.2% | |
| MSFTMicrosoft Corp Com | $21.6M | 2.2% | |
| NEMNewmont Corp Com | $20.4M | 2.1% | −2.0% |
| AMZNAmazon Com Inc Com | $19.5M | 2.0% | +1.3% |
| XOMExxonmobil Holdings Corp Com Shs | $17.0M | 1.7% | New |
| MKLMarkel Group Inc Com | $15.6M | 1.6% | +14.6% |
| CMCSAComcast Corp New Cl A | $15.4M | 1.6% | +6.3% |
| BRK/ABerkshire Hathaway Inc Del Cl A | $15.0M | 1.5% | |
| PFEPfizer Inc Com | $14.8M | 1.5% | |
| CVXChevron Corporation Com | $13.7M | 1.4% | |
| COPConocophillips Com | $12.4M | 1.3% | |
| BBarrick Mng Corp | $11.3M | 1.2% | −3.2% |
| AAPLApple Inc Com | $10.0M | 1.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AMATApplied Matls Inc Com | June 30, 2020 | +1096.1% | $3.7M |
| GOOGLAlphabet Inc Cap Stk Cl A | June 30, 2020 | +404.0% | $56.8M |
| AGIAlamos Gold Inc Com Cl A | March 31, 2021 | +288.5% | $6.6M |
| AAPLApple Inc Com | June 30, 2020 | +217.3% | $10.0M |
| QQQInvesco Qqq Trust Series I | June 30, 2020 | +197.4% | $8.8M |
| BRK/BBerkshire Hathaway Inc Del Cl B New | June 30, 2020 | +180.3% | $118.9M |
| ABBVAbbvie Inc Com | June 30, 2020 | +156.3% | $7.0M |
| METAMeta Platforms Inc Cl A | June 30, 2020 | +148.1% | $24.7M |
| AEMAgnico Eagle Mines Ltd Com | June 30, 2020 | +142.2% | $63.6M |
| CEFSprott Asset Management LP Physical Gold An | June 30, 2020 | +138.0% | $22.8M |
Sold off last quarter
- Exxon Mobil Corp ComCUSIP 30231G102 was $21.3M
- Honeywell Intl Inc ComCUSIP 438516106 was $186K
- MUCBlackrock Munihldngs Cali Com was $18K
- GMGeneral Mtrs Co Com was $7,450
- Genprex Inc Com NewCUSIP 372446302 was $1,810
- CIThe Cigna Group Com was $1,334
- FLOFlowers Foods Inc Com was $815
- AFRMAffirm Hldgs Inc Com Cl A was $229
- GLIBAGci Liberty Inc Com Ser A was $37
- Kala Bio Inc Com NewCUSIP 483119103 was $26
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −1.2% | +14.8% |
| March 31, 2026 | +1.7% | −4.6% |
| December 31, 2025 | +3.8% | +2.4% |
| September 30, 2025 | +9.5% | +7.8% |
| June 30, 2025 | +2.1% | +10.5% |
| March 31, 2025 | +9.2% | −4.6% |
| December 31, 2024 | −2.3% | +2.1% |
| September 30, 2024 | +7.7% | +5.4% |
| June 30, 2024 | +2.3% | +4.0% |
| March 31, 2024 | +9.4% | +10.0% |
| December 31, 2023 | +5.1% | +11.2% |
| September 30, 2023 | −0.3% | −3.6% |
| June 30, 2023 | +5.6% | +8.3% |
| March 31, 2023 | +2.4% | +7.0% |
| December 31, 2022 | +9.1% | +7.1% |
| September 30, 2022 | −8.6% | −5.3% |
| June 30, 2022 | −15.4% | −16.5% |
| March 31, 2022 | +4.4% | −4.9% |
| December 31, 2021 | +6.9% | +10.7% |
| September 30, 2021 | −3.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Cheviot Value Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1427147&type=13F-HR&dateb=&owner=include&count=40CIK 1427147
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1427147/000114036126031662/Filed August 6, 2026 · accession 0001140361-26-031662