Kercheville Advisors, LLC

CIK 1890748 · View on SEC EDGAR ↗

Portfolio value
$328.4M
#4,912 of 9,443 by 13F value · top 52.0%
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 500

Tracked Q4 2024–Q2 2026
+26.0%
S&P 500 total return (same window)
+28.1%
Excess return
-2.1%

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

Technology
26.5%
Retail
12.6%
Communication Services
12.2%
Industrials
10.3%
Energy
9.6%
Materials
4.8%
Healthcare
4.6%
Consumer Discretionary
3.8%
Financial Services
1.5%
Consumer Staples
1.0%
Communications
0.5%
Logistics & Transportation
0.2%
Telecommunication
0.2%
Consumer products
0.1%
Utilities
0.1%
Other/Unmapped
11.9%

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

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
SUN $10,738,307 3.27% up ×6
IBRX $5,644,219 1.72% up ×4
TYG $1,352,947 0.41% up ×6
UPS $665,208 0.20% up ×6
TEI $435,665 0.13% up ×5
NMZ $310,374 0.09% up ×6
VGM $235,046 0.07% up ×6
NRK $143,676 0.04% up ×3

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.

SecurityQuarter 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