Cheviot Value Management 13F annual report
Cheviot Value Management is an investment fund managing more than $512 billion ran by David Horvitz. There are currently 69 companies in Mr. Horvitz’s portfolio. The largest investments include Berkshire Hathaway and Alphabet Inc, together worth $139 billion.
$512 billion Assets Under Management (AUM)
As of 7th August 2024, Cheviot Value Management’s top holding is 250,654 shares of Berkshire Hathaway currently worth over $102 billion and making up 19.9% of the portfolio value.
Relative to the number of outstanding shares of Berkshire Hathaway, Cheviot Value Management owns more than approximately 0.1% of the company.
In addition, the fund holds 205,837 shares of Alphabet Inc worth $37.5 billion, whose value grew 12.8% in the past six months.
The third-largest holding is Agnico Eagle Mines Ltd worth $31.3 billion and the next is Microsoft worth $25.3 billion, with 56,616 shares owned.
Currently, Cheviot Value Management's portfolio is worth at least $512 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Cheviot Value Management
The Cheviot Value Management office and employees reside in Beverly Hills, California. According to the last 13-F report filed with the SEC, David Horvitz serves as the Principal at Cheviot Value Management.
Recent trades
In the most recent 13F filing, Cheviot Value Management revealed that it had opened a new position in
Vanguard Information Technolog and bought 461 shares worth $266 million.
The investment fund also strengthened its position in Agnico Eagle Mines Ltd by buying
7,744 additional shares.
This makes their stake in Agnico Eagle Mines Ltd total 478,918 shares worth $31.3 billion.
Agnico Eagle Mines Ltd soared 61.1% in the past year.
On the other hand, there are companies that Cheviot Value Management is getting rid of from its portfolio.
Cheviot Value Management closed its position in Chesapeake on 14th August 2024.
It sold the previously owned 6,265 shares for $540 million.
David Horvitz also disclosed a decreased stake in Berkshire Hathaway by approximately 0.1%.
This leaves the value of the investment at $102 billion and 250,654 shares.
One of the average hedge funds
The two most similar investment funds to Cheviot Value Management are Sky Investment and Bremer Bank National Association. They manage $512 billion and $512 billion respectively.
David Horvitz investment strategy
Cheviot Value Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Finance — making up 23.4% of
the total portfolio value.
The fund focuses on investments in the United States as
50.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
55% of the total holdings value.
On the other hand, small-cap stocks make up only 1.4% of the portfolio.
The average market cap of the portfolio companies is close to $329 billion.
The complete list of Cheviot Value Management trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Berkshire Hathaway Inc. |
3.60%
250,654
|
$101,966,047,000 | 19.92% |
| Alphabet Inc |
6.89%
205,837
|
$37,493,208,000 | 7.32% |
| Agnico Eagle Mines Ltd |
1.64%
478,918
|
$31,321,237,000 | 6.12% |
| Microsoft Corporation |
13.82%
56,616
|
$25,304,517,000 | 4.94% |
| Johnson & Johnson |
9.99%
144,825
|
$21,167,599,000 | 4.13% |
| Meta Platforms Inc |
10.22%
41,908
|
$21,130,736,000 | 4.13% |
| Unilever |
15.10%
363,457
|
$19,986,491,000 | 3.90% |
| Visa Inc |
3.12%
64,573
|
$16,948,594,000 | 3.31% |
| Sprott Physical Gold & Silver |
1.36%
706,740
|
$15,583,617,000 | 3.04% |
| Barrick Gold Corp. |
6.49%
911,232
|
$15,199,350,000 | 2.97% |
| Exxon Mobil Corp. |
11.84%
124,189
|
$14,296,633,000 | 2.79% |
| Merck & Co Inc |
4.01%
113,441
|
$14,044,012,000 | 2.74% |
| Newmont Corp |
4.01%
335,177
|
$14,033,866,000 | 2.74% |
| Amazon |
11.17%
64,387
|
$12,442,788,000 | 2.43% |
| Chevron Corp. |
7.70%
78,891
|
$12,340,075,000 | 2.41% |
| Pfizer Inc. |
39.83%
427,539
|
$11,962,540,000 | 2.34% |
| Conocophillips |
8.77%
93,148
|
$10,654,261,000 | 2.08% |
| Comcast Corp |
7.25%
263,008
|
$10,299,376,000 | 2.01% |
| Markel Corp |
16.68%
6,491
|
$10,227,609,000 | 2.00% |
| Apple Inc |
11.09%
41,316
|
$8,702,023,000 | 1.70% |
| Liberty Broadband Corp |
20.71%
154,717
|
$8,481,586,000 | 1.66% |
| Fiserv, Inc. |
23.42%
52,875
|
$7,880,490,000 | 1.54% |
| Medtronic Plc |
27.19%
87,244
|
$6,866,973,000 | 1.34% |
| Invesco QQQ Trust |
6.43%
12,390
|
$5,936,354,000 | 1.16% |
| Abbvie Inc |
9.13%
31,267
|
$5,362,933,000 | 1.05% |
| Wisdomtree Emerging Markets Hi |
3.47%
119,467
|
$5,174,137,000 | 1.01% |
| Pan American Silver Corp |
23.80%
203,511
|
$4,045,799,000 | 0.79% |
| CVS Health Corp |
1.06%
63,435
|
$3,746,491,000 | 0.73% |
| Schwab Fundamental Emerging Ma |
2.26%
124,857
|
$3,692,025,000 | 0.72% |
| Devon Energy Corp. |
9.52%
68,115
|
$3,228,651,000 | 0.63% |
| Phillips 66 |
2.07%
21,302
|
$3,007,165,000 | 0.59% |
| Verizon |
10.69%
72,387
|
$2,985,252,000 | 0.58% |
| Vaneck Vectors Gold Miners |
9.98%
70,376
|
$2,387,858,000 | 0.47% |
| Occidental Petrol Co |
103.21%
35,228
|
$2,220,421,000 | 0.43% |
| J P Morgan Chase & Co |
9.31%
8,199
|
$1,658,330,000 | 0.32% |
| Abbott Laboratories |
7.98%
15,108
|
$1,569,895,000 | 0.31% |
| Invesco International Dividend |
31.81%
79,690
|
$1,428,044,000 | 0.28% |
| Nvidia Corp Com |
874.45%
11,440
|
$1,413,316,000 | 0.28% |
| Applied Materials Inc. |
3.60%
5,351
|
$1,262,782,000 | 0.25% |
| AMGEN Inc. |
5.88%
3,762
|
$1,175,437,000 | 0.23% |
| Sprott Fds Tr Uranium Miners E |
No change
23,730
|
$1,168,465,000 | 0.23% |
| Philip Morris Intl |
1.91%
11,009
|
$1,115,583,000 | 0.22% |
| Walt Disney Co (The) |
11.17%
10,581
|
$1,050,540,000 | 0.21% |
| Costco Wholesale Corp |
14.83%
1,137
|
$966,658,000 | 0.19% |
| Alamos Gold Inc. |
3.93%
52,927
|
$829,895,000 | 0.16% |
| Berkshire Hathaway Inc. |
No change
1
|
$612,241,000 | 0.12% |
| Charter Communicatn Class A |
1.07%
1,886
|
$563,839,000 | 0.11% |
| Chesapeake Energy Corp. |
Closed
6,265
|
$540,231,000 | |
| Lilly Eli & Co |
43.46%
579
|
$524,215,000 | 0.10% |
| Spdr S&p 500 |
25.67%
935
|
$509,013,000 | 0.10% |
| Nestle |
0.91%
4,765
|
$488,174,000 | 0.10% |
| Unitedhealth Grp Inc |
2.94%
956
|
$486,853,000 | 0.10% |
| Bank Of America Corp. |
Closed
17,274
|
$472,962,000 | |
| Altria Group Inc. |
5.65%
10,360
|
$471,888,000 | 0.09% |
| Mastercard Inc Class A |
6.77%
964
|
$425,278,000 | 0.08% |
| Vanguard Total World Stock Ind |
No change
3,571
|
$402,202,000 | 0.08% |
| Home Depot, Inc. |
5.78%
1,125
|
$387,270,000 | 0.08% |
| Bristol-Myers Squibb Co. |
Closed
6,142
|
$356,482,000 | |
| Vanguard Ftse Developed Market |
Closed
7,550
|
$330,086,000 | |
| Oracle Corp. |
0.04%
2,240
|
$316,258,000 | 0.06% |
| Raytheon Technologies Co |
1.45%
3,138
|
$315,043,000 | 0.06% |
| Ross Stores, Inc. |
No change
2,000
|
$290,640,000 | 0.06% |
| Vanguard Information Technolog |
Opened
461
|
$265,808,000 | 0.05% |
| Caterpillar Inc. |
22.10%
793
|
$264,148,000 | 0.05% |
| Coca-Cola Co |
No change
4,084
|
$259,947,000 | 0.05% |
| Alphabet Inc |
36.82%
1,395
|
$255,872,000 | 0.05% |
| Boeing Co. |
Closed
1,302
|
$249,567,000 | |
| Vanguard S&p 500 Etf |
Opened
490
|
$245,234,000 | 0.05% |
| Goldman Sachs Group, Inc. |
Opened
533
|
$241,087,000 | 0.05% |
| Nike, Inc. |
No change
2,931
|
$220,909,000 | 0.04% |
| Northrop Grumman Corp. |
No change
500
|
$217,975,000 | 0.04% |
| Lockheed Martin Corp. |
Closed
517
|
$211,432,000 | |
| Netflix Inc. |
Closed
539
|
$203,526,000 | |
| Cisco Systems, Inc. |
28.77%
4,236
|
$201,252,000 | 0.04% |
| Danaher Corp. |
Opened
804
|
$200,879,000 | 0.04% |
| Es Bancshares Inc Com |
Closed
15,749
|
$86,147,000 | |
| New Gold Inc F |
27.80%
15,585
|
$30,391,000 | 0.01% |
| Bb Liquidating Inc Cl A |
Closed
10,000
|
$20,000 | |
| No transactions found | |||
| Showing first 500 out of 78 holdings | |||
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