# International Value Advisers, LLC

> Institutional holdings reported to the SEC as of Q4 2020 on Form 13F. CIK 1456417. Source: https://holderbook.com/funds/1456417-international-value-advisers-llc/

- Reported value: $615.1M
- Positions: 21
- Weight of the ten largest: 84.0%
- Filed: 2021-02-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $101.3M | 1,691,640 | 16.5% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $82.5M | 355,666 | 13.4% | 9 |
| LKQ CORP | [LKQ](https://holderbook.com/stocks/LKQ/) | $71.1M | 2,018,923 | 11.6% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $60.9M | 175 | 9.9% | 9 |
| WESTERN UN CO | [WU](https://holderbook.com/stocks/WU/) | $52.7M | 2,400,834 | 8.6% | 6 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $44.1M | 1,462,162 | 7.2% | 2 |
| COVISTA INC | [CVSA](https://holderbook.com/stocks/CVSA/) | $37.8M | 1,111,934 | 6.1% | 5 |
| BARRICK GOLD CORP | [GOLD](https://holderbook.com/stocks/GOLD/) | $22.7M | 995,262 | 3.7% | 6 |
| CDK GLOBAL INC | [CDK](https://holderbook.com/stocks/CDK/) | $21.9M | 421,669 | 3.6% | 6 |
| SINA CORP | [SINA](https://holderbook.com/stocks/SINA/) | $21.8M | 515,029 | 3.5% | 7 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $19.5M | 90,273 | 3.2% | 9 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $16.9M | 47,285 | 2.7% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $13.9M | 7,941 | 2.3% | 9 |
| ISHARES GOLD TRUST | [IAUXXXX](https://holderbook.com/stocks/IAUXXXX/) | $13.7M | 756,558 | 2.2% | 9 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $9.1M | 75,161 | 1.5% | 3 |
| SKECHERS U S A INC | [SKX](https://holderbook.com/stocks/SKX/) | $8.6M | 239,646 | 1.4% | 3 |
| FLOWSERVE CORP | [FLS](https://holderbook.com/stocks/FLS/) | $7.7M | 210,261 | 1.3% | 3 |
| QURATE RETAIL INC | [QVCGAXXXX](https://holderbook.com/stocks/QVCGAXXXX/) | $4.3M | 390,753 | 0.7% | 9 |
| LOMA NEGRA CORP | [LOMA](https://holderbook.com/stocks/LOMA/) | $3.0M | 493,401 | 0.5% | 6 |
| ASTRONICS CORP | [ATRO](https://holderbook.com/stocks/ATRO/) | $1.2M | 94,125 | 0.2% | 9 |
| PHOENIX NEW MEDIA LTD | [FENG](https://holderbook.com/stocks/FENG/) | $387.0K | 322,657 | 0.1% | 9 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2020 | +15.0% | +11.6% | +3.3% | 100% |
| Q3 2020 | +3.8% | +8.6% | -4.8% | 100% |
| Q2 2020 | +17.4% | +19.6% | -2.2% | 100% |
| Q1 2020 | -29.0% | -19.9% | -9.0% | 100% |
| Q4 2019 | +8.4% | +8.5% | -0.0% | 100% |
| Q3 2019 | -2.9% | +1.3% | -4.1% | 100% |
| Q2 2019 | +1.3% | +3.7% | -2.4% | 100% |
| Q1 2019 | +7.1% | +13.0% | -5.9% | 86% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2020 | $615.1M | 21 |
| Q3 2020 | $872.5M | 27 |
| Q2 2020 | $1.3B | 32 |
| Q1 2020 | $1.6B | 29 |
| Q4 2019 | $2.4B | 31 |
| Q3 2019 | $2.7B | 28 |
| Q2 2019 | $2.6B | 23 |
| Q1 2019 | $2.7B | 22 |
| Q4 2018 | $3.3B | 26 |