Kercheville Advisors, LLC
Reported holdings as of Q3 2026, from 24 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NVIDIA CORPORATION | NVDA | $26.2M | 114,765 | +0.49pp | 24q | +3.3%+$840.0K | |
| APPLE INC | AAPL | $23.0M | 69,008 | +0.22pp | 16q | -1.0%-$222.5K | |
| AMAZON COM INC | AMZN | $22.6M | 90,721 | -0.35pp | 16q | HELD | |
| ALPHABET INC | GOOG | $18.4M | 53,991 | -0.70pp | 16q | HELD | |
| AGNICO EAGLE MINES LTD | AEM | $14.7M | 80,275 | +0.20pp | 16q | -2.0%-$293.6K | |
| META PLATFORMS INC | META | $11.9M | 16,378 | +0.95pp | 24q | +20.1%+$2.0M | |
| SUNOCO LP/SUNOCO FIN CORP | SUN | $11.7M | 160,087 | -0.04pp | 10q | +0.6%+$72.9K | |
| COSTCO WHOLESALE CORPORATION | COST | $10.7M | 11,771 | -0.50pp | 24q | -3.3%-$364.1K | |
| ADVANCED MICRO DEVICES INC | AMD | $10.1M | 16,545 | -0.22pp | 6q | -3.2%-$339.5K | |
| DELL TECHNOLOGIES INC | DELL | $10.1M | 18,800 | +0.62pp | 9q | +13.6%+$1.2M | |
| EXXONMOBIL HOLDINGS CORP | XOM | $9.6M | 58,864 | - | new | NEW | |
| VANECK ETF TRUST | GDX | $8.8M | 100,530 | +0.06pp | 24q | -3.1%-$285.0K | |
| BLOOM ENERGY CORP | BE | $8.8M | 31,712 | +0.70pp | 5q | +69.0%+$3.6M | |
| ALPHABET INC | GOOGL | $8.7M | 25,402 | -0.41pp | 16q | -2.1%-$189.2K | |
| MICRON TECHNOLOGY INC | MU | $8.7M | 8,144 | +0.29pp | 4q | +35.8%+$2.3M | |
| GE VERNOVA INC | GEV | $7.8M | 8,175 | -0.76pp | 6q | +0.6%+$42.8K | |
| MICROSOFT CORP | MSFT | $7.8M | 15,119 | +0.75pp | 24q | +23.0%+$1.4M | |
| MPLX LP | MPLX | $7.6M | 134,274 | -0.27pp | 24q | -2.5%-$190.5K | |
| VANECK ETF TRUST | GDXJ | $7.2M | 63,471 | +0.08pp | 24q | -1.3%-$96.9K | |
| ELI LILLY & CO | LLY | $7.1M | 6,157 | -0.22pp | 13q | +2.6%+$180.5K | |
| IMMUNITYBIO INC | IBRX | $5.8M | 613,385 | -0.12pp | 6q | -4.9%-$295.5K | |
| TESLA INC | TSLA | $5.7M | 16,024 | -0.46pp | 24q | +0.8%+$45.8K | |
| WALMART INC | WMT | $4.7M | 45,364 | -0.85pp | 11q | -27.3%-$1.8M | |
| SPDR SERIES TRUST | XBI | $4.5M | 28,304 | +0.04pp | 4q | +14.2%+$553.3K | |
| STARBUCKS CORP | SBUX | $4.3M | 45,706 | -0.11pp | 24q | +9.2%+$360.6K | |
| BLACKSTONE INC | BX | $4.2M | 37,810 | +0.19pp | 24q | +37.7%+$1.2M | |
| INTEL CORP | INTC | $4.1M | 33,780 | -0.38pp | 2q | -4.5%-$192.5K | |
| SOUTHWEST AIRLS CO | LUV | $3.7M | 89,623 | -0.37pp | 24q | HELD | |
| PALANTIR TECHNOLOGIES INC | PLTR | $3.5M | 18,789 | +0.39pp | 8q | +14.5%+$445.0K | |
| SPACE EXPLORATION TECHN CORP | SPCX | $3.5M | 23,010 | +0.50pp | 2q | +158.8%+$2.1M | |
| ENTERPRISE PRODS PARTNERS L | EPD | $3.4M | 96,470 | -0.20pp | 4q | -6.3%-$229.7K | |
| SANDISK CORP | SNDK | $3.4M | 1,965 | +0.61pp | 2q | +301.0%+$2.6M | |
| NETFLIX INC. | NFLX | $2.9M | 41,006 | -0.47pp | 16q | -29.0%-$1.2M | |
| CAMECO CORP | CCJ | $2.8M | 31,852 | -0.53pp | 24q | -23.6%-$853.7K | |
| SPDR GOLD TR | GLD | $2.6M | 6,869 | -0.08pp | 24q | -3.8%-$104.7K | |
| CELSIUS HLDGS INC | CELH | $2.5M | 92,130 | -0.25pp | 8q | -13.4%-$388.4K | |
| ALAMOS GOLD INC | AGI | $2.5M | 75,545 | +0.07pp | 16q | +13.7%+$296.0K | |
| CATERPILLAR INC | CAT | $2.3M | 2,850 | -1.04pp | 24q | -45.1%-$1.9M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $2.0M | 4,102 | -0.07pp | 24q | -1.3%-$26.9K | |
| ENERGY TRANSFER L P | ET | $2.0M | 101,028 | -0.03pp | 19q | +0.6%+$11.2K | |
| UBER TECHNOLOGIES INC | UBER | $1.9M | 27,030 | -0.22pp | 16q | -19.2%-$440.6K | |
| CHEVRON CORPORATION | CVX | $1.7M | 8,556 | +0.06pp | 5q | +0.9%+$15.3K | |
| REAVES UTIL INCOME FD | UTG | $1.7M | 48,513 | -0.15pp | 8q | -1.7%-$28.9K | |
| ISHARES INC | EWS | $1.6M | 49,600 | - | new | NEW | |
| DEERE CO | DE | $1.6M | 2,427 | +0.01pp | 24q | +7.4%+$112.1K | |
| CROWDSTRIKE HLDGS INC | CRWD | $1.6M | 5,864 | +0.35pp | 2q | +307.2%+$1.2M | |
| SALESFORCE INC | CRM | $1.5M | 6,400 | - | new | NEW | |
| MARVELL TECHNOLOGY INC | MRVL | $1.4M | 5,279 | -0.07pp | 2q | +5.3%+$70.0K | |
| CISCO SYS INC | CSCO | $1.4M | 12,774 | -0.08pp | 9q | HELD | |
| WESTERN MIDSTREAM PARTNERS L | WES | $1.3M | 29,600 | +0.07pp | 4q | +34.5%+$337.2K | |
| Himalaya Shipping Ltd | HSHP | $1.2M | 69,250 | - | new | NEW | |
| NUVEEN AMT FREE QLTY MUN INC | NEA | $1.2M | 119,232 | -0.16pp | 24q | -13.1%-$178.1K | |
| TORTOISE ENERGY INFRSTRCTR C | TYG | $1.1M | 29,685 | -0.10pp | 8q | -5.9%-$71.8K | |
| MCDONALDS CORP | MCD | $1.1M | 4,812 | -0.10pp | 24q | -3.2%-$36.9K | |
| PIMCO ETF TR | PYLD | $1.1M | 43,130 | -0.16pp | 4q | -24.4%-$352.9K | |
| AKAMAI TECHNOLOGIES INC | AKAM | $1.1M | 10,200 | +0.01pp | 16q | +24.4%+$212.7K | |
| SHOPIFY INC | SHOP | $1.0M | 7,000 | +0.07pp | 17q | +14.2%+$129.0K | |
| AEROVIRONMENT INC | AVAV | $1.0M | 7,150 | +0.19pp | 6q | +302.8%+$764.4K | |
| SYNOPSYS INC | SNPS | $970.4K | 2,231 | -0.03pp | 4q | HELD | |
| NUVEEN QUALITY MUNCP INCOME | NAD | $905.0K | 89,422 | -0.09pp | 24q | -3.2%-$29.8K | |
| MERCK & CO INC | MRK | $872.3K | 6,003 | +0.08pp | 4q | +50.0%+$290.6K | |
| HOME DEPOT INC | HD | $860.6K | 3,025 | -0.10pp | 24q | -4.7%-$42.7K | |
| ALAMO GROUP INC | ALG | $835.8K | 5,400 | -0.06pp | 16q | -8.5%-$77.4K | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $747.0K | 1 | -0.02pp | 24q | HELD | |
| WESTERN DIGITAL CORP | WDC | $727.1K | 1,600 | +0.05pp | 3q | +100.0%+$363.6K | |
| BROADCOM INC | AVGO | $646.2K | 1,840 | -0.04pp | 12q | -3.9%-$26.3K | |
| VALERO ENERGY CORP | VLO | $628.6K | 1,622 | +0.03pp | 3q | -9.8%-$68.2K | |
| NUVEEN AMT FREE MUN CR INC F | NVG | $627.5K | 59,146 | -0.06pp | 24q | HELD | |
| UNITED PARCEL SVCS INC | UPS | $601.0K | 6,432 | -0.04pp | 24q | +3.9%+$22.8K | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $599.5K | 650 | -0.07pp | 3q | -18.8%-$138.4K | |
| PALO ALTO NETWORKS INC | PANW | $596.0K | 1,500 | -0.17pp | 2q | -53.1%-$675.4K | |
| GARMIN LTD | GRMN | $573.7K | 2,000 | +0.01pp | 15q | HELD | |
| SSR MINING IN | SSRM | $563.1K | 16,900 | - | new | NEW | |
| ALPS ETF TR | AMLP | $553.7K | 10,675 | +0.02pp | 16q | +31.0%+$131.0K | |
| JOHNSON & JOHNSON | JNJ | $536.9K | 2,028 | - | new | NEW | |
| CLOUDFLARE INC | NET | $524.4K | 1,510 | - | new | NEW | |
| STEEL DYNAMICS INC | STLD | $505.7K | 2,282 | -0.03pp | 17q | -4.2%-$22.2K | |
| TRANE TECHNOLOGIES PLC | TT | $497.2K | 1,100 | -0.04pp | 24q | -4.8%-$25.3K | |
| CORNING INC | GLW | $485.9K | 3,160 | -0.41pp | 3q | -55.2%-$598.9K | |
| LUMENTUM HLDGS INC | LITE | $485.6K | 500 | - | new | NEW | |
| TEMPLETON EMERGING MKTS INCO | TEI | $458.8K | 74,597 | -0.01pp | 16q | +15.4%+$61.2K | |
| GOLDMAN SACHS GROUP INC | GS | $457.4K | 508 | -0.04pp | 10q | -6.4%-$31.5K | |
| BOEING CO | BA | $424.9K | 2,284 | -0.07pp | 6q | -21.6%-$117.2K | |
| GENERAC HLDGS INC | GNRC | $424.2K | 2,050 | - | new | NEW | |
| FRANCO NEV CORP | FNV | $412.5K | 1,732 | flat | 24q | -5.5%-$23.8K | |
| AT&T INC | T | $399.7K | 16,380 | +0.01pp | 7q | HELD | |
| VISA INC | V | $356.1K | 991 | -0.01pp | 24q | -3.9%-$14.4K | |
| UPSTART HLDGS INC | UPST | $344.9K | 15,000 | -0.07pp | 21q | HELD | |
| MARATHON PETE CORP | MPC | $342.8K | 867 | +0.03pp | 3q | HELD | |
| SPHERE ENTERTAINMENT CO | SPHR | $336.1K | 2,500 | - | new | NEW | |
| ABBVIE INC | ABBV | $331.8K | 1,269 | -0.02pp | 8q | -10.4%-$38.4K | |
| ARISTA NETWORKS INC | ANET | $305.4K | 1,500 | - | new | NEW | |
| ERO COPPER CORP | ERO | $294.6K | 8,000 | - | new | NEW | |
| ALTRIA GROUP INC | MO | $290.7K | 4,317 | -0.01pp | 7q | HELD | |
| GOLDMAN SACHS ETF TR | GPIX | $285.9K | 5,120 | flat | 3q | +5.1%+$14.0K | |
| CREDO TECHNOLOGY GROUP HOLDI | CRDO | $281.5K | 1,445 | -0.04pp | 2q | +0.7%+$1.9K | |
| ISHARES BITCOIN TRUST ETF | IBIT | $279.3K | 5,900 | - | new | NEW | |
| CAPITAL GRP FIXED INCM ETF T | CGSD | $268.2K | 10,620 | -0.01pp | 4q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $267.4K | 5,829 | flat | 7q | HELD | |
| VERTIV HOLDINGS CO | VRT | $266.7K | 1,105 | -0.04pp | 2q | HELD | |
| FIRST TR EXCHNG TRADED FD VI | DJAN | $266.0K | 5,700 | -0.01pp | 4q | HELD | |
| NUVEEN MUN HIGH INCOME OPPOR | NMZ | $263.3K | 29,389 | -0.02pp | 24q | HELD | |
| MODERNA INC | MRNA | $260.0K | 1,350 | - | new | NEW | |
| BRISTOL-MYERS SQUIBB CO | BMY | $258.1K | 4,137 | flat | 4q | HELD | |
| XCEL ENERGY INC | XEL | $256.6K | 3,641 | -0.02pp | 3q | HELD | |
| SNOWFLAKE INC | SNOW | $244.5K | 720 | - | new | NEW | |
| PHILLIPS 66 | PSX | $237.2K | 929 | - | new | NEW | |
| GOLDMAN SACHS ETF TR | GPIQ | $229.0K | 3,950 | -0.01pp | 2q | +3.9%+$8.7K | |
| SELECT SECTOR SPDR TR | XLU | $220.9K | 5,600 | -0.07pp | 10q | -41.7%-$157.8K | |
| SOFI TECHNOLOGIES INC | SOFI | $219.9K | 13,989 | -0.01pp | 6q | +13.8%+$26.7K | |
| AYA GOLD & SILVER INC | AYA | $215.9K | 8,000 | - | new | NEW | |
| INVESCO TR INVT GRADE MUNS | VGM | $192.1K | 22,208 | -0.02pp | 21q | HELD | |
| INVESCO QUALITY MUN INCOME T | IQI | $181.0K | 21,000 | -0.01pp | 9q | +10.5%+$17.2K | |
| PIMCO MUN INCOME FD II | PML | $171.0K | 26,022 | -0.01pp | 5q | HELD | |
| DOUBLELINE OPPORTUNISTIC CR | DBL | $161.3K | 11,902 | -0.01pp | 24q | HELD | |
| INVESCO MUN OPPORTUNIT TR | VMO | $155.0K | 18,567 | -0.01pp | 24q | HELD | |
| NUVEEN NY AMT FREE | NRK | $124.6K | 13,486 | -0.01pp | 5q | +0.6% | |
| INVESCO CALIF VALUE MUN INCO | VCV | $116.7K | 13,000 | -0.01pp | 24q | HELD | |
| INVESCO PA VALUE MUN INC TR | VPV | $104.9K | 10,000 | -0.01pp | 24q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $69.1M | 19.1% |
| Software & IT Services | $59.6M | 16.5% |
| Retail & Consumer | $44.3M | 12.3% |
| Computer Hardware | $40.1M | 11.1% |
| Energy | $30.9M | 8.6% |
| Mining & Metals | $21.8M | 6.0% |
| Biotech & Pharma | $15.2M | 4.2% |
| Transport & Logistics | $13.1M | 3.6% |
| Autos & Aerospace | $7.7M | 2.1% |
| Capital Markets | $7.6M | 2.1% |
| Funds & ETFs | $7.5M | 2.1% |
| Other sectors | $19.4M | 5.4% |
| Not classified | $25.1M | 6.9% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | +2.2% | +2.1% | +0.1% | 100% |
| Q2 2026 | +9.1% | +14.8% | -5.7% | 100% |
| Q1 2026 | +0.7% | -4.6% | +5.3% | 92% |
| Q4 2025 | +2.2% | +2.4% | -0.2% | 100% |
| Q3 2025 | +12.9% | +7.8% | +5.1% | 100% |
| Q2 2025 | +9.9% | +10.5% | -0.6% | 100% |
| Q1 2025 | -0.5% | -4.6% | +4.1% | 100% |
| Q4 2024 | +3.3% | +2.1% | +1.2% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $361.4M | 119 | 17 | 37 | 40 | 6 | 44.1% | 19 |
| Q2 2026 | $328.4M | 108 | 13 | 28 | 38 | 11 | 44.7% | 30 |
| Q1 2026 | $312.7M | 106 | 10 | 28 | 50 | 21 | 47.5% | 20 |
| Q4 2025 | $381.7M | 117 | 27 | 38 | 33 | 16 | 44.6% | 29 |
| Q3 2025 | $331.0M | 106 | 17 | 36 | 31 | 16 | 47.1% | 22 |
| Q2 2025 | $289.7M | 105 | 24 | 31 | 33 | 8 | 45.8% | 22 |
| Q1 2025 | $245.3M | 89 | 11 | 29 | 27 | 16 | 46.5% | 17 |
| Q4 2024 | $257.7M | 94 | 16 | 24 | 21 | 7 | 50.2% | 27 |
| Q3 2024 | $237.0M | 85 | 9 | 24 | 34 | 8 | 47.5% | 24 |
| Q2 2024 | $230.4M | 84 | 6 | 33 | 17 | 8 | 48.5% | 30 |
| Q1 2024 | $211.7M | 86 | 14 | 28 | 11 | 9 | 45.9% | 25 |
| Q4 2023 | $178.0M | 81 | 9 | 18 | 24 | 2 | 48.5% | 19 |
| Q3 2023 | $157.6M | 74 | 3 | 17 | 18 | 5 | 49.0% | 11 |
| Q2 2023 | $165.1M | 76 | 6 | 19 | 18 | 5 | 49.5% | 20 |
| Q1 2023 | $145.9M | 75 | 3 | 16 | 33 | 14 | 50.6% | 6 |
| Q4 2022 | $144.9M | 86 | 18 | 12 | 29 | 13 | 48.1% | 44 |
| Q3 2022 | $97.8M | 81 | 3 | 13 | 26 | 16 | 51.0% | 17 |
| Q2 2022 | $152.5M | 94 | 2 | 23 | 43 | 16 | 50.7% | 18 |
| Q1 2022 | $211.2M | 108 | 11 | 32 | 41 | 21 | 51.5% | 29 |
| Q4 2021 | $229.2M | 118 | 15 | 36 | 41 | 9 | 49.6% | 26 |
| Q3 2021 | $211.0M | 112 | 7 | 35 | 44 | 13 | 48.6% | 46 |
| Q2 2021 | $215.9M | 118 | 11 | 50 | 37 | 10 | 44.5% | 138 |
| Q1 2021 | $199.4M | 117 | 16 | 48 | 28 | 7 | 41.3% | 229 |
| Q4 2020 | $183.7M | 108 | 0 | 0 | 0 | 0 | 43.9% | 316 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.