Kercheville Advisors, LLC
CIK 1890748 · View on SEC EDGAR ↗
- Portfolio value
- $328.4M
- Positions
- 108
- As of
- June 30, 2026
Portfolio value QoQ: +5.0% 13F does not disclose cash
- Top 10 holdings weight
- 44.66%
- Top 25 holdings weight
- 73.76%
- Positions above 1%
- 30
- Effective number of positions
- 33.5
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 10.7% Est. buys $34,292,554 · sells $49,739,834
Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 59.7% still held
- New positions
- 13
- Increased
- 35
- Decreased
- 40
- Closed
- 11
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +16.7% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 92.4% · Options excluded: 0.0%
Sector breakdown
Full portfolio 108 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| NVDA NVIDIA Corporation - Common Stock | $22,227,383 | 6.77% | 111,087 | $2,306,406 | Down ×2 | ||
| AMZN Amazon.com, Inc. - Common Stock | $21,704,016 | 6.61% | 91,063 | $2,658,088 | Down ×2 | ||
| AAPL Apple Inc. - Common Stock | $20,161,365 | 6.14% | 69,676 | $2,361,233 | Down ×6 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $19,002,902 | 5.79% | 53,782 | $3,356,901 | Down ×2 | ||
| AEM Agnico Eagle Mines Limited Common Stock | $12,701,642 | 3.87% | 81,877 | $-8,320,653 | Down ×5 | ||
| COST Costco Wholesale Corporation - Common Stock | $11,385,213 | 3.47% | 12,171 | $-1,050,663 | Down ×1 | ||
| SUN Sunoco LP Common Units representing limited partner interests | $10,738,307 | 3.27% | 159,086 | $727,427 | Up ×6 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $9,933,561 | 3.02% | 17,100 | $6,246,392 | Down ×2 | ||
| GEV GE Vernova Inc. Common Stock | $9,551,102 | 2.91% | 8,130 | $2,885,144 | Up ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $9,274,489 | 2.82% | 25,952 | $1,496,741 | Down ×4 | ||
| GDX GDX | $7,829,912 | 2.38% | 103,776 | $-4,083,042 | Down ×5 | ||
| MPLX MPLX LP Common Units Representing Limited Partner Interests | $7,754,202 | 2.36% | 137,657 | $30,549 | Up ×2 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $7,679,685 | 2.34% | 13,634 | $-2,357,528 | Down ×2 | ||
| LLY Eli Lilly and Company Common Stock | $7,197,986 | 2.19% | 6,001 | $5,314,166 | Up ×1 | ||
| DELL Dell Technologies Inc. Class C Common Stock | $7,140,663 | 2.17% | 16,550 | $6,213,000 | Up ×1 | ||
| WMT Walmart Inc. - Common Stock | $7,067,286 | 2.15% | 62,399 | $-830,002 | Down ×1 | ||
| MU Micron Technology, Inc. - Common Stock | $6,923,431 | 2.11% | 5,998 | $2,749,418 | Down ×1 | ||
| TSLA Tesla, Inc. - Common Stock | $6,685,437 | 2.04% | 15,895 | $806,211 | Up ×1 | ||
| GDXJ | $6,319,501 | 1.92% | 64,321 | $-3,928,389 | Down ×5 | ||
| BE Bloom Energy Corporation Class A Common Stock | $5,680,166 | 1.73% | 18,765 | $1,364,132 | Down ×2 | ||
| IBRX ImmunityBio, Inc. - Common Stock | $5,644,219 | 1.72% | 644,685 | $711,357 | Up ×4 | ||
| CAT Caterpillar, Inc. Common Stock | $5,526,831 | 1.68% | 5,190 | $3,497,093 | Up ×1 | ||
| INTC Intel Corporation - Common Stock | $4,940,186 | 1.50% | 35,381 | ||||
| LUV Southwest Airlines Company Common Stock | $4,621,304 | 1.41% | 89,874 | $1,233,479 | Down ×2 | ||
| MSFT Microsoft Corporation - Common Stock | $4,585,809 | 1.40% | 12,294 | $-960,019 | Down ×4 | ||
| SBUX Starbucks Corporation - Common Stock | $4,278,473 | 1.30% | 41,868 | $1,315,375 | Up ×1 | ||
| CCJ Cameco Corporation Common Stock | $4,247,752 | 1.29% | 41,702 | $-447,117 | Down ×2 | ||
| NFLX Netflix, Inc. - Common Stock | $4,125,949 | 1.26% | 57,786 | $-3,987,803 | Down ×2 | ||
| XBI XBI | $3,923,881 | 1.19% | 24,795 | $3,174,060 | Up ×1 | ||
| EPD Enterprise Products Partners L.P. Common Stock | $3,783,339 | 1.15% | 102,920 | $252,110 | Up ×2 | ||
| BX Blackstone Inc. Common Stock | $3,231,208 | 0.98% | 27,460 | $-6,900 | Down ×3 | ||
| CELH Celsius Holdings, Inc. - Common Stock | $3,113,332 | 0.95% | 106,330 | $-3,156,337 | Down ×2 | ||
| GLD | $2,631,707 | 0.80% | 7,144 | $-655,278 | Down ×2 | ||
| UBER Uber Technologies, Inc. Common Stock | $2,414,569 | 0.74% | 33,461 | $-164,936 | Down ×5 | ||
| BRKB | $2,079,788 | 0.63% | 4,156 | $-180,279 | Down ×4 | ||
| AGI Alamos Gold Inc. Class A Common Shares | $2,013,434 | 0.61% | 66,425 | $-1,407,244 | Down ×2 | ||
| UTG | $2,009,655 | 0.61% | 49,353 | $138,152 | Up ×1 | ||
| ET Energy Transfer LP Common Units | $1,920,782 | 0.58% | 100,459 | $415,584 | Up ×2 | ||
| PLTR Palantir Technologies Inc. - Class A Common Stock | $1,914,555 | 0.58% | 16,410 | $-1,717,139 | Down ×2 | ||
| GLW Corning Incorporated Common Stock | $1,802,059 | 0.55% | 7,055 | $1,376,473 | Up ×1 | ||
| NEA Nuveen AMT-Free Quality Municipal Income Fund Common Shares of Beneficial Interest Par Value $.01 | $1,609,953 | 0.49% | 137,134 | $-30,020 | Down ×1 | ||
| Unknown issuer (CUSIP: 84615Q103) | $1,518,945 | 0.46% | 8,890 | Up ×1 | |||
| PYLD | $1,512,436 | 0.46% | 57,030 | $36,590 | Up ×2 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $1,505,292 | 0.46% | 12,815 | $518,707 | Up ×1 | ||
| MRVL Marvell Technology, Inc. - Common Stock | $1,493,620 | 0.45% | 5,014 | Up ×1 | |||
| DE Deere & Company Common Stock | $1,433,586 | 0.44% | 2,260 | $160,528 | |||
| CVX Chevron Corporation Common Stock | $1,405,811 | 0.43% | 8,481 | $-493,117 | Down ×1 | ||
| TYG Tortoise Energy Infrastructure Corporation Common Stock | $1,352,947 | 0.41% | 31,559 | $201,403 | Up ×6 | ||
| MCD McDonald's Corporation Common Stock | $1,343,990 | 0.41% | 4,972 | $-239,202 | Down ×5 | ||
| IWM | $1,309,962 | 0.40% | 4,360 | Up ×1 | |||
| PSNL Personalis, Inc. - Common Stock | $1,256,920 | 0.38% | 93,800 | Up ×1 | |||
| HD Home Depot, Inc. (The) Common Stock | $1,119,759 | 0.34% | 3,175 | $75,533 | |||
| NAD Nuveen Quality Municipal Income Fund Common Stock | $1,119,423 | 0.34% | 92,362 | $57,961 | Up ×1 | ||
| SNDK Sandisk Corporation - Common Stock | $1,114,128 | 0.34% | 490 | Up ×1 | |||
| PANW Palo Alto Networks, Inc. - Common Stock | $1,091,264 | 0.33% | 3,200 | Up ×1 | |||
| SNPS Synopsys, Inc. - Common Stock | $995,261 | 0.30% | 2,231 | $-979,676 | Down ×1 | ||
| ALG Alamo Group, Inc. Common Stock | $970,491 | 0.30% | 5,900 | $-2,832 | |||
| AKAM Akamai Technologies, Inc. - Common Stock | $969,322 | 0.30% | 8,200 | $171,114 | Up ×2 | ||
| WES Western Midstream Partners, LP Common Units Representing Limited Partner Interests | $962,720 | 0.29% | 22,000 | $168,139 | Up ×2 | ||
| STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) | $772,000 | 0.24% | 800 | $399,828 | Down ×1 | ||
| NVG Nuveen AMT-Free Municipal Credit Income Fund | $756,769 | 0.23% | 59,123 | $-64,408 | Down ×1 | ||
| BRKA | $748,850 | 0.23% | 1 | $30,710 | |||
| AVGO Broadcom Inc. - Common Stock | $723,391 | 0.22% | 1,915 | $107,466 | Down ×2 | ||
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | $699,923 | 0.21% | 6,130 | $-112,624 | Down ×5 | ||
| UPS United Parcel Service, Inc. Common Stock | $665,208 | 0.20% | 6,188 | $112,268 | Up ×6 | ||
| BA Boeing Company (The) Common Stock | $630,723 | 0.19% | 2,914 | $80,669 | Up ×1 | ||
| TT Trane Technologies plc | $567,781 | 0.17% | 1,156 | $86,030 | |||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $549,174 | 0.17% | 543 | $231,928 | Up ×1 | ||
| STLD Steel Dynamics, Inc. - Common Stock | $546,574 | 0.17% | 2,382 | $117,814 | |||
| UPST Upstart Holdings, Inc. - Common stock | $531,450 | 0.16% | 15,000 | $146,700 | |||
| MRK Merck & Company, Inc. Common Stock (new) | $514,386 | 0.16% | 4,003 | $32,865 | |||
| WDC Western Digital Corporation - Common Stock | $510,976 | 0.16% | 800 | $186,388 | Down ×1 | ||
| UEC | $486,096 | 0.15% | 45,600 | $-331,329 | Down ×2 | ||
| GRMN Garmin Ltd. Common Stock (Switzerland) | $475,080 | 0.14% | 2,000 | $11,060 | |||
| VLO Valero Energy Corporation Common Stock | $468,171 | 0.14% | 1,798 | $24,016 | |||
| TEI Templeton Emerging Markets Income Fund, Inc. Common Stock | $435,665 | 0.13% | 64,639 | $53,510 | Up ×5 | ||
| XLU XLU | $435,264 | 0.13% | 9,600 | $-5,280 | |||
| AMLP | $422,578 | 0.13% | 8,150 | $-6,438 | |||
| CRDO Credo Technology Group Holding Ltd - Ordinary Shares | $390,248 | 0.12% | 1,435 | ||||
| FNV Franco-Nevada Corporation | $381,834 | 0.12% | 1,832 | $-70,632 | Up ×1 | ||
| VRT Vertiv Holdings, LLC Class A Common Stock | $368,389 | 0.11% | 1,100 | ||||
| ABBV AbbVie Inc. Common Stock | $356,396 | 0.11% | 1,416 | $48,691 | Up ×1 | ||
| V Visa Inc. | $353,726 | 0.11% | 1,031 | $11,893 | Down ×1 | ||
| T AT&T Inc. | $338,707 | 0.10% | 16,363 | $-125,002 | Up ×2 | ||
| NMZ Nuveen Municipal High Income Opportunity Fund Common Stock, $0.01 par value, per share | $310,374 | 0.09% | 29,364 | $127,903 | Up ×6 | ||
| MO Altria Group, Inc. | $310,297 | 0.09% | 4,313 | $19,435 | Down ×1 | ||
| AVAV AeroVironment, Inc. - Common Stock | $292,999 | 0.09% | 1,775 | $-45,644 | Down ×2 | ||
| XEL Xcel Energy Inc. - Common Stock | $292,372 | 0.09% | 3,641 | $3,131 | |||
| CRWD CrowdStrike Holdings, Inc. - Class A Common Stock | $274,730 | 0.08% | 360 | ||||
| CGSD | $273,253 | 0.08% | 10,620 | $9,679 | Up ×2 | ||
| GPIX Goldman Sachs S&P 500 Premium Income ETF | $270,626 | 0.08% | 4,870 | $49,449 | Up ×1 | ||
| DJAN | $259,488 | 0.08% | 5,700 | $17,067 | |||
| VZ Verizon Communications Inc. Common Stock | $245,925 | 0.07% | 5,808 | $-48,575 | Down ×1 | ||
| BMY Bristol-Myers Squibb Company Common Stock | $238,976 | 0.07% | 4,147 | $-5,884 | Up ×1 | ||
| VGM Invesco Trust for Investment Grade Municipals Common Stock (DE) | $235,046 | 0.07% | 22,174 | $16,495 | Up ×6 | ||
| RCL Royal Caribbean Cruises Ltd. Common Stock | $227,524 | 0.07% | 717 | ||||
| GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF | $225,378 | 0.07% | 3,800 | Up ×1 | |||
| FCX Freeport-McMoRan, Inc. Common Stock | $222,108 | 0.07% | 3,532 | $14,565 | Up ×2 | ||
| MPC Marathon Petroleum Corporation Common Stock | $221,666 | 0.07% | 867 | $9,962 | |||
| SOFI SoFi Technologies, Inc. - Common Stock | $220,360 | 0.07% | 12,290 | $25,195 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| INTC | $4,940,186 | 35,381 | 1.50% |
| Unknown issuer (CUSIP: 84615Q103) | $1,518,945 | 8,890 | 0.46% |
| MRVL | $1,493,620 | 5,014 | 0.45% |
| IWM | $1,309,962 | 4,360 | 0.40% |
| PSNL | $1,256,920 | 93,800 | 0.38% |
| SNDK | $1,114,128 | 490 | 0.34% |
| PANW | $1,091,264 | 3,200 | 0.33% |
| CRDO | $390,248 | 1,435 | 0.12% |
| VRT | $368,389 | 1,100 | 0.11% |
| CRWD | $274,730 | 360 | 0.08% |
| RCL | $227,524 | 717 | 0.07% |
| GPIQ | $225,378 | 3,800 | 0.07% |
| AMAT | $202,440 | 280 | 0.06% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| AEM | Trimmed | -22K | -$8.3M |
| AMD | Trimmed | -1K | +$6.2M |
| LLY | Bought more | +4K | +$5.3M |
| GDX | Trimmed | -26K | -$4.1M |
| NFLX | Trimmed | -27K | -$4.0M |
| GDXJ | Trimmed | -21K | -$3.9M |
| CAT | Bought more | +2K | +$3.5M |
| GOOG | Trimmed | -760 | +$3.4M |
| CELH | Trimmed | -70K | -$3.2M |
| GEV | Bought more | +493 | +$2.9M |
2 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| XOM | June 30, 2026 | 62,358 | $10,579,633 | 22.5% |
| HESM | Dec. 31, 2025 | 155,304 | $5,365,748 | 15.8% |
| BABA | March 31, 2026 | 21,506 | $3,810,395 | -0.1% |
| BIDU | March 31, 2026 | 18,275 | $2,970,053 | -15.7% |
| IE | March 31, 2026 | 114,600 | $2,190,006 | No longer tracked |
| MU | Sept. 30, 2025 | 17,301 | $2,132,292 | 458.4% |
| IBIT | March 31, 2026 | 40,745 | $2,064,549 | |
| JPM | March 31, 2026 | 6,195 | $1,880,988 | 20.7% |
| CAVA | March 31, 2026 | 27,600 | $1,824,084 | -11.0% |
| DKNG | March 31, 2025 | 47,400 | $1,763,280 | -21.5% |
| SOFI | March 31, 2025 | 103,500 | $1,593,900 | 58.1% |
| CRDO | Sept. 30, 2025 | 16,075 | $1,488,384 | 58.5% |
| SLV | June 30, 2026 | 21,825 | $1,487,156 | No longer tracked |
| TTD | March 31, 2025 | 12,310 | $1,446,794 | -75.4% |
| HES | Sept. 30, 2025 | 10,083 | $1,396,945 | No longer tracked |
| BIDU | June 30, 2025 | 15,050 | $1,385,052 | 9.5% |
| SLB | June 30, 2026 | 21,400 | $1,099,746 | 16.4% |
| MMM | June 30, 2025 | 7,100 | $1,042,706 | 18.5% |
| HMY | Sept. 30, 2025 | 68,368 | $955,095 | 18.6% |
| SHLD | Dec. 31, 2025 | 12,800 | $899,072 | No longer tracked |
| LVS | June 30, 2026 | 15,684 | $845,058 | 0.7% |
| USAR | March 31, 2026 | 37,200 | $844,812 | 13.9% |
| LYFT | Dec. 31, 2025 | 38,000 | $836,380 | -9.8% |
| FANG | June 30, 2026 | 4,000 | $791,160 | 22.4% |
| VIK | March 31, 2026 | 11,000 | $766,590 | 22.8% |
| CCL | Dec. 31, 2025 | 26,000 | $751,660 | -14.9% |
| GENI | Dec. 31, 2025 | 60,550 | $749,609 | -27.5% |
| LVS | March 31, 2025 | 14,179 | $728,227 | 20.4% |
| TSM | March 31, 2026 | 2,050 | $671,109 | 22.2% |
| HAL | June 30, 2026 | 17,050 | $664,780 | 6.1% |
| FBTC | March 31, 2025 | 8,000 | $652,640 | No longer tracked |
| FTAI | March 31, 2026 | 2,200 | $645,678 | -16.4% |
| BMY | June 30, 2025 | 9,001 | $548,950 | 44.3% |
| C | March 31, 2026 | 4,245 | $490,977 | 16.4% |
| EEM | Dec. 31, 2025 | 9,000 | $480,600 | No longer tracked |
| HIMS | March 31, 2025 | 19,450 | $470,301 | 11.3% |
| BKR | June 30, 2026 | 7,500 | $457,875 | 17.0% |
| APH | March 31, 2026 | 3,000 | $457,500 | 21.6% |
| SONY | Sept. 30, 2025 | 17,550 | $456,827 | -18.0% |
| TSM | Sept. 30, 2025 | 2,015 | $456,377 | 47.8% |
| NVO | March 31, 2025 | 5,250 | $451,605 | -33.0% |
| SPOT | Sept. 30, 2025 | 572 | $438,918 | -22.6% |
| CIBR | March 31, 2025 | 6,700 | $425,115 | |
| XBI | June 30, 2025 | 5,205 | $422,126 | No longer tracked |
| NVO | March 31, 2026 | 6,300 | $392,049 | 26.6% |
| VRT | March 31, 2025 | 3,300 | $374,913 | 256.6% |
| SHAK | March 31, 2026 | 4,000 | $370,360 | -17.2% |
| ARGT | Sept. 30, 2025 | 4,000 | $338,920 | No longer tracked |
| KGC | June 30, 2026 | 10,800 | $329,616 | 28.0% |
| FSCO | Dec. 31, 2025 | 47,698 | $329,596 | -17.8% |
| SNOW | Dec. 31, 2025 | 1,425 | $321,409 | 46.3% |
| TSM | March 31, 2025 | 1,600 | $315,984 | 148.7% |
| GE | March 31, 2026 | 1,050 | $309,750 | 24.4% |
| AMD | March 31, 2025 | 2,550 | $308,015 | 353.6% |
| DLTR | March 31, 2025 | 4,000 | $299,760 | 72.7% |
| BTCO | Dec. 31, 2025 | 2,600 | $296,426 | No longer tracked |
| URNM | March 31, 2025 | 7,350 | $296,279 | No longer tracked |
| INTC | March 31, 2026 | 5,331 | $289,555 | 106.0% |
| ISRG | March 31, 2026 | 495 | $260,276 | -14.3% |
| CRWD | March 31, 2026 | 560 | $254,111 | -49.3% |
| HOOD | Dec. 31, 2025 | 1,756 | $251,424 | -13.2% |
| GNRC | Sept. 30, 2025 | 1,750 | $250,618 | 24.5% |
| NOW | June 30, 2025 | 305 | $242,823 | -37.0% |
| AXON | Sept. 30, 2025 | 293 | $242,586 | -11.8% |
| EWY | June 30, 2026 | 1,900 | $233,719 | No longer tracked |
| KTOS | March 31, 2026 | 2,000 | $227,700 | -17.3% |
| MUX | June 30, 2026 | 11,000 | $224,620 | 12.2% |
| BAC | Dec. 31, 2025 | 4,321 | $222,943 | 14.4% |
| MP | Dec. 31, 2025 | 3,300 | $221,331 | 6.7% |
| IREN | March 31, 2026 | 4,200 | $219,492 | 23.4% |
| RCL | March 31, 2026 | 765 | $218,441 | 7.1% |
| LNC | June 30, 2025 | 6,000 | $215,460 | 23.5% |
| AMX | Dec. 31, 2025 | 10,000 | $210,000 | 14.3% |
| CPNG | Sept. 30, 2025 | 7,000 | $209,720 | -49.3% |
| MSTR | Dec. 31, 2025 | 625 | $201,381 | -26.2% |
| SILV | March 31, 2025 | 21,000 | $191,100 | No longer tracked |
| SMR | March 31, 2025 | 10,500 | $188,265 | -36.2% |
| NZF | Sept. 30, 2025 | 11,000 | $131,120 | -2.3% |
| NQP | June 30, 2026 | 10,000 | $119,300 | No longer tracked |
| EQX | Dec. 31, 2025 | 10,000 | $112,061 | No longer tracked |
| PMX | Sept. 30, 2025 | 15,000 | $102,900 | No longer tracked |
| ARIS | Dec. 31, 2025 | 10,000 | $98,044 | 22.7% |
| ABEV | Sept. 30, 2025 | 39,400 | $94,954 | 25.1% |
| UA | March 31, 2025 | 10,100 | $75,346 | -14.9% |
| NXE | Sept. 30, 2025 | 10,000 | $69,400 | 15.7% |
| CDE | June 30, 2025 | 11,000 | $65,120 | 137.5% |
| BTG | Sept. 30, 2025 | 11,000 | $39,668 | No longer tracked |
| ODV | June 30, 2025 | 10,000 | $14,870 | No longer tracked |