# Kercheville Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1890748. Source: https://holderbook.com/funds/1890748-kercheville-advisors-llc/

- Reported value: $328.4M
- Positions: 108
- Weight of the ten largest: 44.7%
- Filed: 2026-07-30

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $22.2M | 111,087 | 6.8% | 23 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $21.7M | 91,063 | 6.6% | 15 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $20.2M | 69,676 | 6.1% | 15 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $19.0M | 53,782 | 5.8% | 15 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $12.7M | 81,877 | 3.9% | 15 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $11.4M | 12,171 | 3.5% | 23 |
| SUNOCO LP/SUNOCO FIN CORP | [SUN](https://holderbook.com/stocks/SUN/) | $10.7M | 159,086 | 3.3% | 9 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $9.9M | 17,100 | 3.0% | 5 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $9.6M | 8,130 | 2.9% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $9.3M | 25,952 | 2.8% | 15 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $7.8M | 103,776 | 2.4% | 23 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $7.8M | 137,657 | 2.4% | 23 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $7.7M | 13,634 | 2.3% | 23 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $7.2M | 6,001 | 2.2% | 12 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $7.1M | 16,550 | 2.2% | 8 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $7.1M | 62,399 | 2.2% | 10 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $6.9M | 5,998 | 2.1% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $6.7M | 15,895 | 2.0% | 23 |
| VANECK ETF TRUST | [GDXJ](https://holderbook.com/stocks/GDXJ/) | $6.3M | 64,321 | 1.9% | 23 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $5.7M | 18,765 | 1.7% | 4 |
| IMMUNITYBIO INC | [IBRX](https://holderbook.com/stocks/IBRX/) | $5.6M | 644,685 | 1.7% | 5 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $5.5M | 5,190 | 1.7% | 23 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $4.9M | 35,381 | 1.5% | 1 |
| SOUTHWEST AIRLS CO | [LUV](https://holderbook.com/stocks/LUV/) | $4.6M | 89,874 | 1.4% | 23 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.6M | 12,294 | 1.4% | 23 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $4.3M | 41,868 | 1.3% | 23 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $4.2M | 41,702 | 1.3% | 23 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $4.1M | 57,786 | 1.3% | 15 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $3.9M | 24,795 | 1.2% | 3 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $3.8M | 102,920 | 1.2% | 3 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $3.2M | 27,460 | 1.0% | 23 |
| CELSIUS HLDGS INC | [CELH](https://holderbook.com/stocks/CELH/) | $3.1M | 106,330 | 0.9% | 7 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $2.6M | 7,144 | 0.8% | 23 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $2.4M | 33,461 | 0.7% | 15 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.1M | 4,156 | 0.6% | 23 |
| ALAMOS GOLD INC | [AGI](https://holderbook.com/stocks/AGI/) | $2.0M | 66,425 | 0.6% | 15 |
| REAVES UTIL INCOME FD | [UTG](https://holderbook.com/stocks/UTG/) | $2.0M | 49,353 | 0.6% | 7 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $1.9M | 100,459 | 0.6% | 18 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.9M | 16,410 | 0.6% | 7 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $1.8M | 7,055 | 0.5% | 2 |
| NUVEEN AMT FREE QLTY MUN INC | [NEA](https://holderbook.com/stocks/NEA/) | $1.6M | 137,134 | 0.5% | 23 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $1.5M | 8,890 | 0.5% | 1 |
| PIMCO ETF TR | [PYLD](https://holderbook.com/stocks/PYLD/) | $1.5M | 57,030 | 0.5% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.5M | 12,815 | 0.5% | 8 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $1.5M | 5,014 | 0.5% | 1 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $1.4M | 2,260 | 0.4% | 23 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.4M | 8,481 | 0.4% | 4 |
| TORTOISE ENERGY INFRSTRCTR C | [TYG](https://holderbook.com/stocks/TYG/) | $1.4M | 31,559 | 0.4% | 7 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.3M | 4,972 | 0.4% | 23 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.3M | 4,360 | 0.4% | 1 |
| PERSONALIS INC | [PSNL](https://holderbook.com/stocks/PSNL/) | $1.3M | 93,800 | 0.4% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.1M | 3,175 | 0.3% | 23 |
| NUVEEN QUALITY MUNCP INCOME | [NAD](https://holderbook.com/stocks/NAD/) | $1.1M | 92,362 | 0.3% | 23 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $1.1M | 490 | 0.3% | 1 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.1M | 3,200 | 0.3% | 1 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $995.3K | 2,231 | 0.3% | 3 |
| ALAMO GROUP INC | [ALG](https://holderbook.com/stocks/ALG/) | $970.5K | 5,900 | 0.3% | 15 |
| AKAMAI TECHNOLOGIES INC | [AKAM](https://holderbook.com/stocks/AKAM/) | $969.3K | 8,200 | 0.3% | 15 |
| WESTERN MIDSTREAM PARTNERS L | [WES](https://holderbook.com/stocks/WES/) | $962.7K | 22,000 | 0.3% | 3 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $772.0K | 800 | 0.2% | 2 |
| NUVEEN AMT FREE MUN CR INC F | [NVG](https://holderbook.com/stocks/NVG/) | $756.8K | 59,123 | 0.2% | 23 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.2% | 23 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $723.4K | 1,915 | 0.2% | 11 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $699.9K | 6,130 | 0.2% | 16 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $665.2K | 6,188 | 0.2% | 23 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $630.7K | 2,914 | 0.2% | 5 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $567.8K | 1,156 | 0.2% | 23 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $549.2K | 543 | 0.2% | 9 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $546.6K | 2,382 | 0.2% | 16 |
| UPSTART HLDGS INC | [UPST](https://holderbook.com/stocks/UPST/) | $531.5K | 15,000 | 0.2% | 20 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $514.4K | 4,003 | 0.2% | 3 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $511.0K | 800 | 0.2% | 2 |
| URANIUM ENERGY CORP | [UEC](https://holderbook.com/stocks/UEC/) | $486.1K | 45,600 | 0.1% | 4 |
| GARMIN LTD | [GRMN](https://holderbook.com/stocks/GRMN/) | $475.1K | 2,000 | 0.1% | 14 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $468.2K | 1,798 | 0.1% | 2 |
| TEMPLETON EMERGING MKTS INCO | [TEI](https://holderbook.com/stocks/TEI/) | $435.7K | 64,639 | 0.1% | 15 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $435.3K | 9,600 | 0.1% | 9 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $422.6K | 8,150 | 0.1% | 15 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $390.2K | 1,435 | 0.1% | 1 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $381.8K | 1,832 | 0.1% | 23 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $368.4K | 1,100 | 0.1% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $356.4K | 1,416 | 0.1% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $353.7K | 1,031 | 0.1% | 23 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $338.7K | 16,363 | 0.1% | 6 |
| NUVEEN MUN HIGH INCOME OPPOR | [NMZ](https://holderbook.com/stocks/NMZ/) | $310.4K | 29,364 | 0.1% | 23 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $310.3K | 4,313 | 0.1% | 6 |
| AEROVIRONMENT INC | [AVAV](https://holderbook.com/stocks/AVAV/) | $293.0K | 1,775 | 0.1% | 5 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $292.4K | 3,641 | 0.1% | 2 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $274.7K | 360 | 0.1% | 1 |
| CAPITAL GRP FIXED INCM ETF T | [CGSD](https://holderbook.com/stocks/CGSD/) | $273.3K | 10,620 | 0.1% | 3 |
| GOLDMAN SACHS ETF TR | [GPIX](https://holderbook.com/stocks/GPIX/) | $270.6K | 4,870 | 0.1% | 2 |
| FIRST TR EXCHNG TRADED FD VI | [DJAN](https://holderbook.com/stocks/DJAN/) | $259.5K | 5,700 | 0.1% | 3 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $245.9K | 5,808 | 0.1% | 6 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $239.0K | 4,147 | 0.1% | 3 |
| INVESCO TR INVT GRADE MUNS | [VGM](https://holderbook.com/stocks/VGM/) | $235.0K | 22,174 | 0.1% | 20 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $227.5K | 717 | 0.1% | 1 |
| GOLDMAN SACHS ETF TR | [GPIQ](https://holderbook.com/stocks/GPIQ/) | $225.4K | 3,800 | 0.1% | 1 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $222.1K | 3,532 | 0.1% | 3 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $221.7K | 867 | 0.1% | 2 |
| SOFI TECHNOLOGIES INC | [SOFI](https://holderbook.com/stocks/SOFI/) | $220.4K | 12,290 | 0.1% | 5 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +9.1% | +14.8% | -5.7% | 100% |
| Q1 2026 | +0.7% | -4.6% | +5.3% | 92% |
| Q4 2025 | +2.2% | +2.4% | -0.2% | 100% |
| Q3 2025 | +12.9% | +7.8% | +5.1% | 100% |
| Q2 2025 | +9.9% | +10.5% | -0.6% | 100% |
| Q1 2025 | -0.5% | -4.6% | +4.1% | 100% |
| Q4 2024 | +3.3% | +2.1% | +1.2% | 100% |
| Q3 2024 | +3.1% | +5.4% | -2.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $328.4M | 108 |
| Q1 2026 | $312.7M | 106 |
| Q4 2025 | $381.7M | 117 |
| Q3 2025 | $331.0M | 106 |
| Q2 2025 | $289.7M | 105 |
| Q1 2025 | $245.3M | 89 |
| Q4 2024 | $257.7M | 94 |
| Q3 2024 | $237.0M | 85 |
| Q2 2024 | $230.4M | 84 |
| Q1 2024 | $211.7M | 86 |
| Q4 2023 | $178.0M | 81 |
| Q3 2023 | $157.6M | 74 |