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Asset Manager ← All Institutions

Kercheville Advisors, LLC

15750 IH-10 WEST, SAN ANTONIO, TX 78249 • 12106945000

Q4 2025 · Filed 2026-01-29
Market Value
$380M
+15.0%
Holdings
130
+9
New Purchases
25
Added To
45
Closed
15
Reduced
32
Top 10 Concentration
44.8%
Turnover
30.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BE 1.85% 0.77% +1.07% $7M
LUV 1.45% 0.59% +0.86% $5M
MU 0.84% 0.00% +0.84% $3M
GOOG 5.08% 4.26% +0.82% $19M
IBRX 1.13% 0.39% +0.74% $4M
SNPS 0.67% 0.00% +0.67% $3M
LLY 1.08% 0.44% +0.64% $4M
XBI 0.61% 0.00% +0.61% $2M
BABA 1.00% 0.40% +0.61% $4M
SLV 1.32% 0.78% +0.54% $5M
AMD 1.39% 0.87% +0.52% $5M
CAVA 0.48% 0.00% +0.48% $2M
CCJ 1.60% 1.13% +0.47% $6M
GEV 1.38% 0.91% +0.46% $5M
SLB 0.44% 0.00% +0.44% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HESM 0.00% 1.62% -1.62% $0
NFLX 2.00% 3.60% -1.60% $8M
BX 1.38% 2.82% -1.44% $5M
MSFT 2.04% 3.43% -1.39% $8M
META 3.49% 4.41% -0.92% $13M
AAPL 4.61% 5.47% -0.86% $18M
NVDA 5.64% 6.39% -0.75% $21M
SOFI 1.44% 2.10% -0.66% $5M
XLU 0.15% 0.65% -0.51% $555K
UBER 0.86% 1.27% -0.40% $3M
COST 3.13% 3.51% -0.37% $12M
CELH 3.54% 3.87% -0.33% $13M
AMZN 5.91% 6.24% -0.33% $22M
ET 0.31% 0.63% -0.32% $1M
SHLD 0.00% 0.27% -0.27% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 20.8%
Financial Services 15.0%
Energy 14.5%
Communication Services 13.5%
Consumer Cyclical 10.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 37 $199M 52.3%
Large Cap 54 $121M 31.7%
Mid Cap 21 $54M 14.2%
Small Cap 15 $6M 1.6%
Micro Cap 3 $727K 0.2%

Portfolio Analytics

Avg Market Cap
$387.5B
Median Market Cap
$60.1B
Avg P/E
40.9
Median P/E
28.9
Avg Dividend Yield
0.02%
Avg Beta
1.14
# Stocks
104
# ETFs / Funds
26

Top Holdings (130 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AEM 5.95% 105,830 $23M $213.69 $4M -2,708 -2.5%
2 AMZN 5.91% 95,901 $22M $234.34 $2M +1,942 +2.1%
3 NVDA 5.64% 116,025 $21M $184.84 $305K +2,719 +2.4%
4 GOOG 5.08% 58,374 $19M $330.84 $5M +510 +0.9%
5 AAPL 4.61% 70,547 $18M $248.35 -$568K -489 -0.7%
6 GDX 4.03% 145,722 $15M $105.17 $3M -21,667 -12.9%
7 CELH 3.54% 243,993 $13M $55.24 $670K +21,200 +9.5%
8 META 3.49% 20,507 $13M $647.63 -$1M +635 +3.2%
9 GDXJ 3.43% 91,891 $13M $142.09 $3M -14,650 -13.8%
10 COST 3.13% 12,200 $12M $976.16 $311K -330 -2.6%
11 GOOGL 2.73% 31,398 $10M $330.54 $2M -1,225 -3.8%
12 SUN 2.31% 154,083 $9M $57.01 $1M +1
13 TSLA 2.17% 18,365 $8M $449.36 $1M +2,615 +16.6%
14 XOM 2.17% 61,674 $8M $133.64 $2M +2,556 +4.3%
15 MSFT 2.04% 17,216 $8M $451.15 -$4M -4,710 -21.5%
16 NFLX 2.00% 91,098 $8M $83.54 -$4M +81,158 +816.5%
17 MPLX 1.92% 131,336 $7M $55.57 $566K -3,453 -2.6%
18 WMT 1.90% 61,230 $7M $117.83 $1M +5,239 +9.4%
19 BE 1.85% 48,215 $7M $145.63 $4M +18,015 +59.6%
20 CCJ 1.60% 50,037 $6M $121.87 $2M +5,300 +11.8%
21 PLTR 1.48% 33,990 $6M $165.90 $519K +5,925 +21.1%
22 LUV 1.45% 129,524 $5M $42.44 $4M +68,350 +111.7%
23 SOFI 1.44% 209,965 $5M $26.09 -$1M -52,825 -20.1%
24 AMD 1.39% 20,760 $5M $253.73 $2M +3,050 +17.2%
25 BX 1.38% 33,851 $5M $154.91 -$4M -20,739 -38.0%
26 GEV 1.38% 7,907 $5M $661.67 $2M +3,002 +61.2%
27 SLV 1.32% 57,500 $5M $87.13 $2M -3,200 -5.3%
28 IBRX 1.13% 584,174 $4M $7.34 $3M +65,074 +12.5%
29 LLY 1.08% 3,776 $4M $1,087.41 $3M +1,872 +98.3%
30 BABA 1.00% 21,506 $4M $177.18 $3M +14,190 +194.0%
31 AGI 0.95% 85,301 $4M $42.16 $693K +2,050 +2.5%
32 GLD 0.92% 7,719 $3M $451.79 $1M +865 +12.6%
33 UBER 0.86% 39,785 $3M $82.56 -$903K -2,960 -6.9%
34 SBUX 0.85% 33,572 $3M $95.83 -$211K -6,949 -17.1%
35 MU 0.84% 8,000 $3M $397.58 +8,000 NEW
36 BIDU 0.78% 18,275 $3M $162.52 $2M +8,225 +81.8%
37 SNPS 0.67% 4,981 $3M $509.49 +4,981 NEW
38 UEC 0.63% 120,900 $2M $19.86 $1M +52,000 +75.5%
39 BRK-B 0.62% 4,866 $2M $484.52 -$136K -94 -1.9%
40 XBI 0.61% 17,720 $2M $131.57 +17,720 NEW
41 IE 0.58% 114,600 $2M $19.11 $647K -8,350 -6.8%
42 IBIT 0.54% 40,745 $2M $50.67 $969K +23,892 +141.8%
43 JPM 0.49% 6,195 $2M $303.63 $63K +430 +7.5%
44 CAT 0.49% 2,875 $2M $648.41 $497K +10 +0.3%
45 CAVA 0.48% 27,600 $2M $66.09 +27,600 NEW
46 UTG 0.48% 47,990 $2M $37.88 $115K +5,011 +11.7%
47 SLB 0.44% 34,000 $2M $49.32 +34,000 NEW
48 NEA 0.43% 141,416 $2M $11.59 $87K +5,126 +3.8%
49 MCD 0.41% 5,118 $2M $306.05 -$10K -70 -1.4%
50 BA 0.40% 6,079 $2M $251.40 -$14K -1,065 -14.9%
51 CVX 0.39% 8,838 $1M $166.66 -$10K -713 -7.5%
52 LVS 0.37% 23,383 $1M $59.94 $211K +1,251 +5.7%
53 EPD 0.36% 40,700 $1M $33.19 +40,700 NEW
54 PYLD 0.33% 46,560 $1M $26.82 +46,560 NEW
55 HD 0.32% 3,175 $1M $381.03 -$120K -106 -3.2%
56 AVAV 0.32% 3,875 $1M $312.12 $698K +2,250 +138.5%
57 ET 0.31% 64,417 $1M $18.11 -$917K -57,021 -47.0%
58 ALG 0.30% 6,000 $1M $192.78 $11K
59 NAD 0.29% 92,706 $1M $11.96 $49K +2,076 +2.3%
60 DE 0.28% 2,040 $1M $522.38 $133K
61 CSCO 0.27% 13,715 $1M $74.33 $88K +100 +0.7%
62 DELL 0.27% 8,652 $1M $117.17 -$638K -3,000 -25.8%
63 SHOP 0.27% 7,360 $1M $137.64 -$110K -195 -2.6%
64 TYG 0.26% 21,343 $972K $45.52 $109K +1,317 +6.6%
65 USAR 0.22% 37,200 $845K $22.71 $673K +27,200 +272.0%
66 BRK-A 0.19% 1 $726K $726,200.00 -$28K
67 AVGO 0.19% 2,190 $713K $325.49 $52K +187 +9.3%
68 TSM 0.18% 2,050 $671K $327.37 +2,050 NEW
69 UPS 0.16% 5,440 $595K $109.30 $211K +849 +18.5%
70 XLU 0.15% 13,001 $555K $42.71 -$2M -11,790 -47.6%
71 C 0.13% 4,245 $491K $115.66 +4,245 NEW
72 KGC 0.13% 13,400 $491K $36.64 $3K -6,250 -31.8%
73 FNV 0.13% 1,881 $486K $258.34 $67K
74 WES 0.12% 11,400 $465K $40.83 +11,400 NEW
75 NVG 0.12% 36,586 $462K $12.62 $209K +16,029 +78.0%
76 STLD 0.12% 2,582 $462K $178.81 $102K
77 APH 0.12% 3,000 $458K $152.50 +3,000 NEW
78 GS 0.12% 475 $453K $954.65 $75K
79 AKAM 0.12% 4,650 $451K $97.03 $99K
80 TT 0.12% 1,156 $451K $390.13 -$37K
81 TEI 0.11% 63,172 $420K $6.65 $43K +2,402 +4.0%
82 MRK 0.11% 3,800 $415K $109.18 +3,800 NEW
83 GRMN 0.11% 2,000 $412K $206.12 -$80K
84 NVO 0.10% 6,300 $392K $62.23 +6,300 NEW
85 AMLP 0.10% 7,820 $385K $49.18 -$3K -430 -5.2%
86 SHAK 0.10% 4,000 $370K $92.59 +4,000 NEW
87 T 0.09% 14,414 $340K $23.58 -$432K -12,904 -47.2%
88 V 0.09% 1,040 $339K $326.36 -$16K
89 ABBV 0.08% 1,463 $319K $218.18 -$19K +1 +0.1%
90 GE 0.08% 1,050 $310K $295.00 +1,050 NEW
91 INTC 0.08% 5,331 $290K $54.32 +5,331 NEW
92 MO 0.07% 4,408 $269K $61.03 -$21K +11 +0.2%
93 MUX 0.07% 10,000 $261K $26.14 +10,000 NEW
94 ISRG 0.07% 495 $260K $525.81 -$200K -535 -51.9%
95 CRWD 0.07% 560 $254K $453.77 -$261K -490 -46.7%
96 DJAN 0.07% 5,700 $248K $43.56 +5,700 NEW
97 BKR 0.06% 4,500 $245K $54.46 +4,500 NEW
98 UPST 0.06% 5,000 $231K $46.28 -$531K -10,000 -66.7%
99 KTOS 0.06% 2,000 $228K $113.85 +2,000 NEW
100 CGSD 0.06% 8,720 $227K $26.04 +8,720 NEW

New Positions

SymbolValue% Port
MU $3M 0.84%
SNPS $3M 0.67%
XBI $2M 0.61%
CAVA $2M 0.48%
SLB $2M 0.44%
EPD $1M 0.36%
PYLD $1M 0.33%
TSM $671K 0.18%
C $491K 0.13%
WES $465K 0.12%
APH $458K 0.12%
MRK $415K 0.11%
NVO $392K 0.10%
SHAK $370K 0.10%
GE $310K 0.08%

Sold Out Positions

SymbolValue% Port
HESM —%
SNOW —%
MP —%
CCL —%
BAC —%
GENI —%
FSCO —%
ARIS —%
HOOD —%
MSTR —%
LYFT —%
EQX —%
EEM —%
SHLD —%
BTCO —%
View SEC EDGAR Filings for Kercheville Advisors, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms