Kercheville Advisors, LLC
Sector Allocation
- Technology45.4%$163.9M
- Energy10.7%$38.5M
- Consumer Discretionary9.6%$34.6M
- Other9.1%$32.8M
- Materials6.0%$21.6M
- Industrials5.7%$20.6M
- Consumer Staples5.0%$18.2M
- Healthcare4.2%$15.2M
- Financials3.3%$11.9M
- Communication Services1.1%$3.9M
AUM History
13fpro.ai/research/fund/kercheville-advisors-llc-1890748
Conviction and streaks
Stable · top 10 = 44.1%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
NVDA
$26.2MAAPL
$23.0MAMZN
$22.6MGOOG
$18.4MAEM
$14.7MMETA
$11.9MSUN
$11.7MCOST
$10.7MAMD
$10.1MDELL
$10.1MXOM.R34088
$9.6M- VANECK$8.8M
BE
$8.8MGOOGL
$8.7MMU
$8.7MGEV
$7.8MMSFT
$7.8MMPLX
$7.6M- VANECK$7.2M
LLY
$7.1M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/kercheville-advisors-llc-1890748
Kercheville Advisors, LLC 13F holdings — Q3 2026
$361.4M portfolio (+10.0% QoQ) · 119 holdings · Q3 2026 13F · top 10 are 44% of the stock portfolio
$26.2M
7.3% of stocks
+3%This quarter-0.5%Since filed11+ qtrsHeld$23.0M
6.4% of stocks
-1.0%This quarter+0.3%Since filed11+ qtrsHeld$22.6M
6.3% of stocks
-0.4%This quarter-5.1%Since filed11+ qtrsHeld$18.4M
5.1% of stocks
+0.4%This quarter-7.6%Since filed11+ qtrsHeld$14.7M
4.1% of stocks
-2%This quarter-6.3%Since filed11+ qtrsHeld$11.9M
3.3% of stocks
+20%This quarter-10.6%Since filed11+ qtrsHeld$11.7M
3.2% of stocks
+0.6%This quarter+2.8%Since filed10 qtrsHeld$10.7M
3.0% of stocks
-3%This quarter+1.0%Since filed11+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$10.1M
2.8% of stocks
-3%This quarter-1.3%Since filed6 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$10.1M
2.8% of stocks
+14%This quarter+2.6%Since filed9 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row
All holdings — Kercheville Advisors, LLC (Q3 2026)
119 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | EXXON MOBIL CORP | Energy | $9.6M | 2.6% | 59K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | — | VANECK ETF TRUST - GOLD MINERS ETFetf/fund | — | $8.8M | 2.4% | 101K | -3% | — | — | 13F |
| 13 | Bloom Energy Corp | Technology | $8.8M | 2.4% | 32K | +69% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Alphabet Inc. | Technology | $8.7M | 2.4% | 25K | -2% | 11+ qtrsTrimmed 5 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | MICRON TECHNOLOGY INC | Technology | $8.7M | 2.4% | 8,144 | +36% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | GE Vernova Inc. | Industrials | $7.8M | 2.1% | 8,175 | +0.6% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | MICROSOFT CORP | Technology | $7.8M | 2.1% | 15K | +23% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | MPLX LPlp unit | Energy | $7.6M | 2.1% | 134K | -2% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | — | VANECK ETF TRUST - JUNIOR GOLD MINEetf/fund | — | $7.2M | 2.0% | 63K | -1% | — | — | 13F |
| 20 | ELI LILLY & Co | Healthcare | $7.1M | 2.0% | 6,157 | +3% | 11+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | ImmunityBio, Inc. | Healthcare | $5.8M | 1.6% | 613K | -5% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Tesla, Inc. | Consumer Discretionary | $5.7M | 1.6% | 16K | +0.8% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Walmart Inc. | Consumer Staples | $4.7M | 1.3% | 45K | -27% | 11+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | — | SPDR SERIES TRUST - ST STR SP BIOTetf/fund | — | $4.5M | 1.2% | 28K | +14% | — | — | 13F |
| 25 | STARBUCKS CORP | Consumer Discretionary | $4.3M | 1.2% | 46K | +9% | 11+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $BX | Blackstone Inc. | Financials | $4.2M | 1.2% | 38K | +38% | |||
| 27 | $INTC | INTEL CORP | Technology | $4.1M | 1.1% | 34K | -5% | |||
| 28 | $LUV | SOUTHWEST AIRLINES CO | Industrials | $3.7M | 1.0% | 90K | -0.3% | |||
| 29 | $PLTR | Palantir Technologies Inc. | Technology | $3.5M | 1.0% | 19K | +14% | |||
| 30 | $SPCX | SPACE EXPLORATION TECHNOLOGIES CORP | Technology | $3.5M | 1.0% | 23K | +159% | |||
| 31 | $EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Energy | $3.4M | 0.9% | 96K | -6% | |||
| 32 | $SNDK | Sandisk Corp | Technology | $3.4M | 0.9% | 1,965 | +301% | |||
| 33 | $NFLX | NETFLIX INC | Communication Services | $2.9M | 0.8% | 41K | -29% | |||
| 34 | $CCJ | CAMECO CORP | Materials | $2.8M | 0.8% | 32K | -24% | |||
| 35 | $GLD | SPDR GOLD TRUST | Financials | $2.6M | 0.7% | 6,869 | -4% | |||
| 36 | $CELH | Celsius Holdings, Inc. | Consumer Staples | $2.5M | 0.7% | 92K | -13% | |||
| 37 | $AGI | ALAMOS GOLD INC | Materials | $2.5M | 0.7% | 76K | +14% | |||
| 38 | $CAT | CATERPILLAR INC | Industrials | $2.3M | 0.6% | 2,850 | -45% | |||
| 39 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $2.0M | 0.6% | 4,102 | -1% | |||
| 40 | $ET | Energy Transfer LP | Energy | $2.0M | 0.6% | 101K | +0.6% | |||
| 41 | $UBER | Uber Technologies, Inc | Technology | $1.9M | 0.5% | 27K | -19% | |||
| 42 | $CVX | CHEVRON CORP | Energy | $1.7M | 0.5% | 8,556 | +0.9% | |||
| 43 | $UTG | REAVES UTILITY INCOME FUND | Other | $1.7M | 0.5% | 49K | -2% | |||
| 44 | — | ISHARES INC - MSCI SINGPOR ETF | — | $1.6M | 0.5% | 50K | New | |||
| 45 | $DE | DEERE & CO | Industrials | $1.6M | 0.5% | 2,427 | +7% | |||
| 46 | $CRWD | CrowdStrike Holdings, Inc. | Technology | $1.6M | 0.4% | 5,864 | +1529% | |||
| 47 | $CRM | Salesforce, Inc. | Technology | $1.5M | 0.4% | 6,400 | New | |||
| 48 | $MRVL | Marvell Technology, Inc. | Technology | $1.4M | 0.4% | 5,279 | +5% | |||
| 49 | $CSCO | CISCO SYSTEMS, INC. | Technology | $1.4M | 0.4% | 13K | -0.3% | |||
| 50 | $WES | Western Midstream Partners, LP | Energy | $1.3M | 0.4% | 30K | +35% | |||
| 51 | $HSHP | Himalaya Shipping Ltd. | Industrials | $1.2M | 0.3% | 69K | New | |||
| 52 | — | NUVEEN AMT FREE QLTY MUN INC - COM | — | $1.2M | 0.3% | 119K | -13% | |||
| 53 | $TYG | TORTOISE ENERGY INFRASTRUCTURE CORP | Other | $1.1M | 0.3% | 30K | -6% | |||
| 54 | $MCD | MCDONALDS CORP | Consumer Discretionary | $1.1M | 0.3% | 4,812 | -3% | |||
| 55 | — | PIMCO ETF TR - MULTISECTOR BD | — | $1.1M | 0.3% | 43K | -24% | |||
| 56 | $AKAM | AKAMAI TECHNOLOGIES INC | Industrials | $1.1M | 0.3% | 10K | +24% | |||
| 57 | $SHOP | SHOPIFY INC. | Technology | $1.0M | 0.3% | 7,000 | +14% | |||
| 58 | $AVAV | AeroVironment Inc | Industrials | $1.0M | 0.3% | 7,150 | +303% | |||
| 59 | $SNPS | SYNOPSYS INC | Technology | $970K | 0.3% | 2,231 | — | |||
| 60 | $NAD | Nuveen Quality Municipal Income Fund | Other | $905K | 0.3% | 89K | -3% | |||
| 61 | $MRK | Merck & Co., Inc. | Healthcare | $872K | 0.2% | 6,003 | +50% | |||
| 62 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $861K | 0.2% | 3,025 | -5% | |||
| 63 | $ALG | ALAMO GROUP INC | Industrials | $836K | 0.2% | 5,400 | -8% | |||
| 64 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $747K | 0.2% | 1 | — | |||
| 65 | $WDC | WESTERN DIGITAL CORP | Technology | $727K | 0.2% | 1,600 | +100% | |||
| 66 | $AVGO | Broadcom Inc. | Technology | $646K | 0.2% | 1,840 | -4% | |||
| 67 | $VLO | VALERO ENERGY CORP/TX | Energy | $629K | 0.2% | 1,622 | -10% | |||
| 68 | $NVG | Nuveen AMT-Free Municipal Credit Income Fund | Other | $628K | 0.2% | 59K | +0.0% | |||
| 69 | $UPS | UNITED PARCEL SERVICE INC | Industrials | $601K | 0.2% | 6,432 | +4% | |||
| 70 | $STX | Seagate Technology Holdings plc | Technology | $600K | 0.2% | 650 | -19% | |||
| 71 | $PANW | Palo Alto Networks Inc | Technology | $596K | 0.2% | 1,500 | -53% | |||
| 72 | $GRMN | GARMIN LTD | Technology | $574K | 0.2% | 2,000 | — | |||
| 73 | $SSRM | SSR MINING INC. | Financials | $563K | 0.2% | 17K | New | |||
| 74 | — | ALPS ETF TR - ALERIAN MLP | — | $554K | 0.1% | 11K | +31% | |||
| 75 | $JNJ | JOHNSON & JOHNSON | Healthcare | $537K | 0.1% | 2,028 | New | |||
| 76 | $NET | Cloudflare, Inc. | Technology | $524K | 0.1% | 1,510 | New | |||
| 77 | $STLD | STEEL DYNAMICS INC | Materials | $506K | 0.1% | 2,282 | -4% | |||
| 78 | $TT | Trane Technologies plc | Technology | $497K | 0.1% | 1,100 | -5% | |||
| 79 | $GLW | CORNING INC /NY | Materials | $486K | 0.1% | 3,160 | -55% | |||
| 80 | $LITE | Lumentum Holdings Inc. | Technology | $486K | 0.1% | 500 | New | |||
| 81 | $TEI | TEMPLETON EMERGING MARKETS INCOME FUND | Other | $459K | 0.1% | 75K | +15% | |||
| 82 | $GS | GOLDMAN SACHS GROUP INC | Financials | $457K | 0.1% | 508 | -6% | |||
| 83 | $BA | BOEING CO | Industrials | $425K | 0.1% | 2,284 | -22% | |||
| 84 | $GNRC | GENERAC HOLDINGS INC. | Technology | $424K | 0.1% | 2,050 | New | |||
| 85 | $FNV | FRANCO NEVADA Corp | Materials | $412K | 0.1% | 1,732 | -5% | |||
| 86 | $T | AT&T INC. | Communication Services | $400K | 0.1% | 16K | +0.1% | |||
| 87 | $V | VISA INC. | Financials | $356K | 0.1% | 991 | -4% | |||
| 88 | $UPST | Upstart Holdings, Inc. | Financials | $345K | 0.1% | 15K | — | |||
| 89 | $MPC | Marathon Petroleum Corp | Energy | $343K | 0.1% | 867 | — | |||
| 90 | $SPHR | Sphere Entertainment Co. | Communication Services | $336K | 0.1% | 2,500 | New | |||
| 91 | $ABBV | AbbVie Inc. | Healthcare | $332K | 0.1% | 1,269 | -10% | |||
| 92 | $ANET | Arista Networks, Inc. | Technology | $305K | 0.1% | 1,500 | New | |||
| 93 | $ERO | Ero Copper Corp. | Materials | $295K | 0.1% | 8,000 | New | |||
| 94 | $MO | ALTRIA GROUP, INC. | Consumer Staples | $291K | 0.1% | 4,317 | +0.1% | |||
| 95 | — | GOLDMAN SACHS ETF TR - S&P 500 PREMIUM | — | $286K | 0.1% | 5,120 | +5% | |||
| 96 | $CRDO | Credo Technology Group Holding Ltd | Technology | $281K | 0.1% | 1,445 | +0.7% | |||
| 97 | $IBIT | iShares Bitcoin Trust ETF | Financials | $279K | 0.1% | 5,900 | New | |||
| 98 | — | CAPITAL GRP FIXED INCM ETF T - SHORT DURATION | — | $268K | 0.1% | 11K | — | |||
| 99 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $267K | 0.1% | 5,829 | +0.4% | |||
| 100 | $VRT | Vertiv Holdings Co | Technology | $267K | 0.1% | 1,105 | +0.5% | |||
| 101 | — | FIRST TR EXCHNG TRADED FD VI - FT VEST US | — | $266K | 0.1% | 5,700 | — | |||
| 102 | $NMZ | NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND | Other | $263K | 0.1% | 29K | +0.1% | |||
| 103 | $MRNA | Moderna, Inc. | Healthcare | $260K | 0.1% | 1,350 | New | |||
| 104 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $258K | 0.1% | 4,137 | -0.2% | |||
| 105 | $XEL | XCEL ENERGY INC | Utilities | $257K | 0.1% | 3,641 | — | |||
| 106 | $SNOW | Snowflake Inc. | Technology | $244K | 0.1% | 720 | New | |||
| 107 | $PSX | Phillips 66 | Energy | $237K | 0.1% | 929 | New | |||
| 108 | — | GOLDMAN SACHS ETF TR - NASDA 100 ETF | — | $229K | 0.1% | 3,950 | +4% | |||
| 109 | — | SELECT SECTOR SPDR TR - ST STR UTIL ETF | — | $221K | 0.1% | 5,600 | -42% | |||
| 110 | $SOFI | SoFi Technologies, Inc. | Financials | $220K | 0.1% | 14K | +14% | |||
| 111 | — | AYA GOLD & SILVER INC - COM | — | $216K | 0.1% | 8,000 | New | |||
| 112 | $VGM | Invesco Trust for Investment Grade Municipals | — | $192K | 0.1% | 22K | +0.2% | |||
| 113 | $IQI | Invesco Quality Municipal Income Trust | Other | $181K | 0.1% | 21K | +11% | |||
| 114 | $PML | PIMCO MUNICIPAL INCOME FUND II | Other | $171K | 0.1% | 26K | — | |||
| 115 | $DBL | DoubleLine Opportunistic Credit Fund | Other | $161K | 0.0% | 12K | +0.0% | |||
| 116 | $VMO | Invesco Municipal Opportunity Trust | Other | $155K | 0.0% | 19K | — | |||
| 117 | $NRK | NUVEEN NEW YORK AMT-FREE QUALITY MUNICIPAL INCOME FUND | Other | $125K | 0.0% | 13K | +0.6% | |||
| 118 | $VCV | Invesco California Value Municipal Income Trust | — | $117K | 0.0% | 13K | — | |||
| 119 | $VPV | Invesco Pennsylvania Value Municipal Income Trust | — | $105K | 0.0% | 10K | — |
What changed in Q3 2026
Against the previous quarter's 13F: 17 new, 46 added to, 44 trimmed, 6 sold out. Share-count changes; largest moves by dollar size first.
New positions (17)
first bought this quarter
- ISHARES INC - MSCI SINGPOR ETF$1.6M
first bought this quarter
$CRMSalesforce, Inc.$1.5M
first bought this quarter
$HSHPHimalaya Shipping Ltd.$1.2M
first bought this quarter
$SSRMSSR MINING INC.$563K
first bought this quarter
$JNJJOHNSON & JOHNSON$537K
first bought this quarter
+11 more in the Excel export
Added to (46)
now $8.8M · held 5 qtrs
$SNDKSandisk Corp+301%
now $3.4M · held 2 qtrs, 2 adds in a row
now $8.7M · held 4 qtrs
$SPCXSPACE EXPLORATION TECHNOLOGIES CORP+159%now $3.5M · held 2 qtrs, 2 adds in a row
now $11.9M · held 11+ qtrs
$CRWDCrowdStrike Holdings, Inc.+1529%
now $1.6M · held 2 qtrs, 2 adds in a row
+40 more in the Excel export
Trimmed (44)
$CATCATERPILLAR INC-45%
now $2.3M · held 11+ qtrs
$WMTWalmart Inc.-27%
now $4.7M · held 11+ qtrs, 2 trims in a row
$NFLXNETFLIX INC-29%
now $2.9M · held 11+ qtrs, 4 trims in a row
$CCJCAMECO CORP-24%
now $2.8M · held 11+ qtrs, 3 trims in a row
$PANWPalo Alto Networks Inc-53%
now $596K · held 2 qtrs
$GLWCORNING INC /NY-55%
now $486K · held 3 qtrs
+38 more in the Excel export
Holdings by quarter
Every 13F Kercheville Advisors, LLC has filed, 23 earlier quarters. Pick one to see what it held then.
Is it too late to follow Kercheville Advisors?
Q3 2026 13F filed with the SEC on Oct 19, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Kercheville Advisors's top 20 holdings: 74/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)
Top 10 since filing
-2.7%
Value-weighted move of the 10 largest stock positions
Turnover
5%
Last quarter; 27% over the last 4
Top 10 weight
44%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
90%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Kercheville Advisors, LLC disclosed 119 positions worth $361.4M in its Form 13F-HR for Q3 2026, led by $NVDA (NVIDIA CORP) at 7.3% of the equity portfolio, followed by $AAPL and $AMZN. During the quarter the fund opened 17 new positions and exited 6 — including a new stake in $XOM.R34088. The portfolio is most concentrated in Technology (45.4% of disclosed assets). All figures are sourced directly from Kercheville Advisors, LLC’s Form 13F-HR filing with the SEC under CIK 1890748.
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