Kercheville Advisors, LLC
Reported holdings as of Q2 2026, from 23 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NVIDIA CORPORATION | NVDA | $22.2M | 111,087 | +0.40pp | 23q | -2.7%-$628.1K | |
| AMAZON COM INC | AMZN | $21.7M | 91,063 | +0.52pp | 15q | HELD | |
| APPLE INC | AAPL | $20.2M | 69,676 | +0.45pp | 15q | -0.7%-$133.4K | |
| ALPHABET INC | GOOG | $19.0M | 53,782 | +0.78pp | 15q | -1.4%-$268.5K | |
| AGNICO EAGLE MINES LTD | AEM | $12.7M | 81,877 | -2.86pp | 15q | -20.9%-$3.4M | |
| COSTCO WHOLESALE CORPORATION | COST | $11.4M | 12,171 | -0.51pp | 23q | -2.5%-$289.1K | |
| SUNOCO LP/SUNOCO FIN CORP | SUN | $10.7M | 159,086 | +0.07pp | 9q | +3.2%+$337.6K | |
| ADVANCED MICRO DEVICES INC | AMD | $9.9M | 17,100 | +1.85pp | 5q | -5.7%-$595.4K | |
| GE VERNOVA INC | GEV | $9.6M | 8,130 | +0.78pp | 5q | +6.5%+$579.2K | |
| ALPHABET INC | GOOGL | $9.3M | 25,952 | +0.34pp | 15q | -4.0%-$391.3K | |
| VANECK ETF TRUST | GDX | $7.8M | 103,776 | -1.43pp | 23q | -20.1%-$2.0M | |
| MPLX LP | MPLX | $7.8M | 137,657 | -0.11pp | 23q | +1.7%+$130.7K | |
| META PLATFORMS INC | META | $7.7M | 13,634 | -0.87pp | 23q | -22.3%-$2.2M | |
| ELI LILLY & CO | LLY | $7.2M | 6,001 | +1.59pp | 12q | +193.0%+$4.7M | |
| DELL TECHNOLOGIES INC | DELL | $7.1M | 16,550 | +1.88pp | 8q | +192.8%+$4.7M | |
| WALMART INC | WMT | $7.1M | 62,399 | -0.37pp | 10q | -1.8%-$129.7K | |
| MICRON TECHNOLOGY INC | MU | $6.9M | 5,998 | +0.77pp | 3q | -51.5%-$7.3M | |
| TESLA INC | TSLA | $6.7M | 15,895 | +0.16pp | 23q | +0.5%+$33.6K | |
| VANECK ETF TRUST | GDXJ | $6.3M | 64,321 | -1.35pp | 23q | -24.7%-$2.1M | |
| BLOOM ENERGY CORP | BE | $5.7M | 18,765 | +0.35pp | 4q | -41.1%-$4.0M | |
| IMMUNITYBIO INC | IBRX | $5.6M | 644,685 | +0.14pp | 5q | HELD | |
| CATERPILLAR INC | CAT | $5.5M | 5,190 | +1.03pp | 23q | +81.2%+$2.5M | |
| INTEL CORP | INTC | $4.9M | 35,381 | - | new | NEW | |
| SOUTHWEST AIRLS CO | LUV | $4.6M | 89,874 | +0.32pp | 23q | HELD | |
| MICROSOFT CORP | MSFT | $4.6M | 12,294 | -0.38pp | 23q | -17.9%-$1.0M | |
| STARBUCKS CORP | SBUX | $4.3M | 41,868 | +0.35pp | 23q | +26.6%+$898.7K | |
| CAMECO CORP | CCJ | $4.2M | 41,702 | -0.21pp | 23q | -3.5%-$155.3K | |
| NETFLIX INC | NFLX | $4.1M | 57,786 | -1.34pp | 15q | -31.5%-$1.9M | |
| SPDR SERIES TRUST | XBI | $3.9M | 24,795 | +0.95pp | 3q | +322.4%+$3.0M | |
| ENTERPRISE PRODS PARTNERS L | EPD | $3.8M | 102,920 | +0.02pp | 3q | +10.3%+$352.9K | |
| BLACKSTONE INC | BX | $3.2M | 27,460 | -0.05pp | 23q | -2.5%-$82.4K | |
| CELSIUS HLDGS INC | CELH | $3.1M | 106,330 | -1.06pp | 7q | -39.8%-$2.1M | |
| SPDR GOLD TR | GLD | $2.6M | 7,144 | -0.25pp | 23q | -6.5%-$182.3K | |
| UBER TECHNOLOGIES INC | UBER | $2.4M | 33,461 | -0.09pp | 15q | -6.7%-$173.2K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $2.1M | 4,156 | -0.09pp | 23q | -11.9%-$280.2K | |
| ALAMOS GOLD INC | AGI | $2.0M | 66,425 | -0.48pp | 15q | -13.9%-$324.3K | |
| REAVES UTIL INCOME FD | UTG | $2.0M | 49,353 | +0.01pp | 7q | +3.6%+$69.5K | |
| ENERGY TRANSFER L P | ET | $1.9M | 100,459 | +0.10pp | 18q | +28.8%+$429.6K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $1.9M | 16,410 | -0.58pp | 7q | -33.9%-$982.0K | |
| CORNING INC | GLW | $1.8M | 7,055 | +0.41pp | 2q | +125.4%+$1.0M | |
| NUVEEN AMT FREE QLTY MUN INC | NEA | $1.6M | 137,134 | -0.03pp | 23q | -6.1%-$104.5K | |
| SPACE EXPLORATION TECHN CORP | SPCX | $1.5M | 8,890 | - | new | NEW | |
| PIMCO ETF TR | PYLD | $1.5M | 57,030 | -0.01pp | 3q | +1.2%+$18.6K | |
| CISCO SYS INC | CSCO | $1.5M | 12,815 | +0.14pp | 8q | +0.8%+$11.7K | |
| MARVELL TECHNOLOGY INC | MRVL | $1.5M | 5,014 | - | new | NEW | |
| DEERE & CO | DE | $1.4M | 2,260 | +0.03pp | 23q | HELD | |
| CHEVRON CORPORATION | CVX | $1.4M | 8,481 | -0.18pp | 4q | -7.6%-$115.5K | |
| TORTOISE ENERGY INFRSTRCTR C | TYG | $1.4M | 31,559 | +0.04pp | 7q | +36.6%+$362.6K | |
| MCDONALDS CORP | MCD | $1.3M | 4,972 | -0.10pp | 23q | -2.4%-$33.0K | |
| ISHARES TR | IWM | $1.3M | 4,360 | - | new | NEW | |
| PERSONALIS INC | PSNL | $1.3M | 93,800 | - | new | NEW | |
| HOME DEPOT INC | HD | $1.1M | 3,175 | +0.01pp | 23q | HELD | |
| NUVEEN QUALITY MUNCP INCOME | NAD | $1.1M | 92,362 | flat | 23q | HELD | |
| SANDISK CORP | SNDK | $1.1M | 490 | - | new | NEW | |
| PALO ALTO NETWORKS INC | PANW | $1.1M | 3,200 | - | new | NEW | |
| SYNOPSYS INC | SNPS | $995.3K | 2,231 | -0.33pp | 3q | -55.2%-$1.2M | |
| ALAMO GROUP INC | ALG | $970.5K | 5,900 | -0.02pp | 15q | HELD | |
| AKAMAI TECHNOLOGIES INC | AKAM | $969.3K | 8,200 | +0.04pp | 15q | +18.0%+$147.8K | |
| WESTERN MIDSTREAM PARTNERS L | WES | $962.7K | 22,000 | +0.04pp | 3q | +14.0%+$118.2K | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $772.0K | 800 | +0.12pp | 2q | -15.8%-$144.8K | |
| NUVEEN AMT FREE MUN CR INC F | NVG | $756.8K | 59,123 | -0.03pp | 23q | -11.2%-$95.7K | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $748.9K | 1 | flat | 23q | HELD | |
| BROADCOM INC | AVGO | $723.4K | 1,915 | +0.02pp | 11q | -3.8%-$28.3K | |
| SHOPIFY INC | SHOP | $699.9K | 6,130 | -0.05pp | 16q | -10.5%-$82.2K | |
| UNITED PARCEL SVCS INC | UPS | $665.2K | 6,188 | +0.03pp | 23q | +10.1%+$61.1K | |
| BOEING CO | BA | $630.7K | 2,914 | +0.02pp | 5q | +5.4%+$32.5K | |
| TRANE TECHNOLOGIES PLC | TT | $567.8K | 1,156 | +0.02pp | 23q | HELD | |
| GOLDMAN SACHS GROUP INC | GS | $549.2K | 543 | +0.07pp | 9q | +44.8%+$169.9K | |
| STEEL DYNAMICS INC | STLD | $546.6K | 2,382 | +0.03pp | 16q | HELD | |
| UPSTART HLDGS INC | UPST | $531.5K | 15,000 | +0.04pp | 20q | HELD | |
| MERCK & CO INC | MRK | $514.4K | 4,003 | flat | 3q | HELD | |
| WESTERN DIGITAL CORP | WDC | $511.0K | 800 | +0.05pp | 2q | -33.3%-$255.5K | |
| URANIUM ENERGY CORP | UEC | $486.1K | 45,600 | -0.11pp | 4q | -24.7%-$159.4K | |
| GARMIN LTD | GRMN | $475.1K | 2,000 | flat | 14q | HELD | |
| VALERO ENERGY CORP | VLO | $468.2K | 1,798 | flat | 2q | HELD | |
| TEMPLETON EMERGING MKTS INCO | TEI | $435.7K | 64,639 | +0.01pp | 15q | +1.7%+$7.1K | |
| SELECT SECTOR SPDR TR | XLU | $435.3K | 9,600 | -0.01pp | 9q | HELD | |
| ALPS ETF TR | AMLP | $422.6K | 8,150 | -0.01pp | 15q | HELD | |
| CREDO TECHNOLOGY GROUP HOLDI | CRDO | $390.2K | 1,435 | - | new | NEW | |
| FRANCO NEV CORP | FNV | $381.8K | 1,832 | -0.03pp | 23q | HELD | |
| VERTIV HOLDINGS CO | VRT | $368.4K | 1,100 | - | new | NEW | |
| ABBVIE INC | ABBV | $356.4K | 1,416 | +0.01pp | 7q | HELD | |
| VISA INC | V | $353.7K | 1,031 | flat | 23q | -8.8%-$34.3K | |
| AT&T INC | T | $338.7K | 16,363 | -0.05pp | 6q | +2.3%+$7.6K | |
| NUVEEN MUN HIGH INCOME OPPOR | NMZ | $310.4K | 29,364 | +0.04pp | 23q | +67.0%+$124.6K | |
| ALTRIA GROUP INC | MO | $310.3K | 4,313 | flat | 6q | -2.2%-$6.8K | |
| AEROVIRONMENT INC | AVAV | $293.0K | 1,775 | -0.02pp | 5q | -4.1%-$12.4K | |
| XCEL ENERGY INC | XEL | $292.4K | 3,641 | flat | 2q | HELD | |
| CROWDSTRIKE HLDGS INC | CRWD | $274.7K | 360 | - | new | NEW | |
| CAPITAL GRP FIXED INCM ETF T | CGSD | $273.3K | 10,620 | flat | 3q | +3.9%+$10.3K | |
| GOLDMAN SACHS ETF TR | GPIX | $270.6K | 4,870 | +0.01pp | 2q | +10.2%+$25.0K | |
| FIRST TR EXCHNG TRADED FD VI | DJAN | $259.5K | 5,700 | flat | 3q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $245.9K | 5,808 | -0.02pp | 6q | -1.0%-$2.5K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $239.0K | 4,147 | -0.01pp | 3q | +2.7%+$6.3K | |
| INVESCO TR INVT GRADE MUNS | VGM | $235.0K | 22,174 | flat | 20q | HELD | |
| ROYAL CARIBBEAN GROUP | RCL | $227.5K | 717 | - | new | NEW | |
| GOLDMAN SACHS ETF TR | GPIQ | $225.4K | 3,800 | - | new | NEW | |
| FREEPORT-MCMORAN INC | FCX | $222.1K | 3,532 | flat | 3q | HELD | |
| MARATHON PETE CORP | MPC | $221.7K | 867 | flat | 2q | HELD | |
| SOFI TECHNOLOGIES INC | SOFI | $220.4K | 12,290 | flat | 5q | HELD | |
| APPLIED MATLS INC | AMAT | $202.4K | 280 | - | new | NEW | |
| PIMCO MUN INCOME FD II | PML | $198.0K | 26,022 | flat | 4q | HELD | |
| INVESCO QUALITY MUN INCOME T | IQI | $192.3K | 19,000 | -0.01pp | 8q | -9.5%-$20.2K | |
| INVESCO MUN OPPORTUNIT TR | VMO | $183.3K | 18,567 | flat | 23q | HELD | |
| DOUBLELINE OPPORTUNISTIC CR | DBL | $171.1K | 11,900 | flat | 23q | HELD | |
| NUVEEN NY AMT FREE | NRK | $143.7K | 13,403 | flat | 4q | +8.8%+$11.7K | |
| INVESCO CALIF VALUE MUN INCO | VCV | $140.3K | 13,000 | flat | 23q | HELD | |
| INVESCO PA VALUE MUN INC TR | VPV | $113.2K | 10,000 | flat | 23q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $62.4M | 19.0% |
| Retail & Consumer | $46.9M | 14.3% |
| Software & IT Services | $44.4M | 13.5% |
| Computer Hardware | $32.3M | 9.8% |
| Mining & Metals | $22.4M | 6.8% |
| Energy | $19.5M | 5.9% |
| Biotech & Pharma | $14.0M | 4.2% |
| Transport & Logistics | $13.3M | 4.0% |
| Funds & ETFs | $8.2M | 2.5% |
| Autos & Aerospace | $8.1M | 2.5% |
| Industrials | $7.9M | 2.4% |
| Capital Markets | $6.4M | 2.0% |
| Other sectors | $17.6M | 5.3% |
| Not classified | $25.1M | 7.6% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $328.4M | 108 | 13 | 28 | 38 | 11 | 44.7% | 30 |
| Q1 2026 | $312.7M | 106 | 10 | 28 | 50 | 21 | 47.5% | 20 |
| Q4 2025 | $381.7M | 117 | 27 | 39 | 32 | 16 | 44.6% | 29 |
| Q3 2025 | $331.0M | 106 | 17 | 36 | 31 | 16 | 47.1% | 22 |
| Q2 2025 | $289.7M | 105 | 24 | 31 | 33 | 8 | 45.8% | 22 |
| Q1 2025 | $245.3M | 89 | 11 | 29 | 27 | 16 | 46.5% | 17 |
| Q4 2024 | $257.7M | 94 | 16 | 24 | 21 | 7 | 50.2% | 27 |
| Q3 2024 | $237.0M | 85 | 9 | 25 | 33 | 8 | 47.5% | 24 |
| Q2 2024 | $230.4M | 84 | 6 | 33 | 17 | 8 | 48.5% | 30 |
| Q1 2024 | $211.7M | 86 | 14 | 28 | 11 | 9 | 45.9% | 25 |
| Q4 2023 | $178.0M | 81 | 9 | 18 | 24 | 2 | 48.5% | 19 |
| Q3 2023 | $157.6M | 74 | 3 | 17 | 18 | 5 | 49.0% | 11 |
| Q2 2023 | $165.1M | 76 | 6 | 19 | 18 | 5 | 49.5% | 20 |
| Q1 2023 | $145.9M | 75 | 3 | 16 | 33 | 14 | 50.6% | 6 |
| Q4 2022 | $144.9M | 86 | 18 | 12 | 29 | 13 | 48.1% | 44 |
| Q3 2022 | $97.8M | 81 | 3 | 14 | 25 | 16 | 51.0% | 17 |
| Q2 2022 | $152.5M | 94 | 2 | 24 | 42 | 16 | 50.7% | 18 |
| Q1 2022 | $211.2M | 108 | 11 | 32 | 41 | 21 | 51.5% | 29 |
| Q4 2021 | $229.2M | 118 | 15 | 37 | 40 | 9 | 49.6% | 26 |
| Q3 2021 | $211.0M | 112 | 7 | 35 | 44 | 13 | 48.6% | 46 |
| Q2 2021 | $215.9M | 118 | 11 | 50 | 37 | 10 | 44.5% | 138 |
| Q1 2021 | $199.4M | 117 | 16 | 48 | 28 | 7 | 41.3% | 229 |
| Q4 2020 | $183.7M | 108 | 0 | 0 | 0 | 0 | 43.9% | 316 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.