# Tevis Investment Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1940416. Source: https://holderbook.com/funds/1940416-tevis-investment-management/

- Reported value: $182.8M
- Positions: 104
- Weight of the ten largest: 39.5%
- Filed: 2026-08-06

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 |
|---|---|---|---|---|---|
| GOLDMAN SACHS ETF TR | [GBIL](https://holderbook.com/stocks/GBIL/) | $15.7M | 156,368 | 8.6% | 14 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $10.3M | 20,533 | 5.6% | 19 |
| COCA-COLA EUROPACIFIC PARTNE | [CCEP](https://holderbook.com/stocks/CCEP/) | $7.4M | 74,215 | 4.1% | 19 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.5M | 22,578 | 3.6% | 19 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $5.9M | 98,231 | 3.2% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.4M | 15,235 | 3.0% | 19 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $5.4M | 21,418 | 3.0% | 19 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.4M | 14,417 | 2.9% | 19 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.2M | 25,800 | 2.8% | 19 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $4.9M | 62,241 | 2.7% | 19 |
| INVITATION HOMES INC | [INVH](https://holderbook.com/stocks/INVH/) | $4.7M | 154,722 | 2.6% | 19 |
| LOEWS CORP | [L](https://holderbook.com/stocks/L/) | $3.7M | 33,048 | 2.0% | 19 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $3.7M | 1,868 | 2.0% | 7 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $3.6M | 75,115 | 2.0% | 19 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $3.4M | 16,453 | 1.9% | 12 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.2M | 19,543 | 1.8% | 19 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $3.0M | 20,704 | 1.7% | 19 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $2.6M | 20,216 | 1.4% | 19 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.4M | 24,855 | 1.3% | 19 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.3M | 1,932 | 1.3% | 19 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $2.3M | 26,370 | 1.3% | 4 |
| VODAFONE GROUP PLC | [VOD](https://holderbook.com/stocks/VOD/) | $2.3M | 167,801 | 1.2% | 11 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $2.2M | 12,320 | 1.2% | 19 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.1M | 26,250 | 1.2% | 19 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.1M | 50,295 | 1.2% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.1M | 15,061 | 1.1% | 19 |
| LENNAR CORP | [LEN](https://holderbook.com/stocks/LEN/) | $2.0M | 22,248 | 1.1% | 11 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.9M | 18,701 | 1.0% | 19 |
| ARROW ELECTRS INC | [ARW](https://holderbook.com/stocks/ARW/) | $1.9M | 8,787 | 1.0% | 5 |
| RAYONIER INC | [RYN](https://holderbook.com/stocks/RYN/) | $1.9M | 87,680 | 1.0% | 1 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.8M | 9,697 | 1.0% | 19 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.8M | 5,262 | 1.0% | 19 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $1.8M | 12,413 | 1.0% | 7 |
| MAGNA INTL INC | [MGA](https://holderbook.com/stocks/MGA/) | $1.7M | 26,574 | 1.0% | 11 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $1.7M | 4,870 | 0.9% | 19 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $1.7M | 3,187 | 0.9% | 5 |
| THOR INDS INC | [THO](https://holderbook.com/stocks/THO/) | $1.6M | 21,885 | 0.9% | 11 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $1.5M | 9,936 | 0.8% | 19 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.5M | 11,212 | 0.8% | 19 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $1.5M | 4,709 | 0.8% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.5M | 4,456 | 0.8% | 11 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $1.4M | 10,084 | 0.8% | 11 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $1.4M | 4,737 | 0.8% | 5 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $1.4M | 6,106 | 0.7% | 1 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $1.4M | 6,020 | 0.7% | 4 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $1.3M | 6,106 | 0.7% | 1 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $1.3M | 17,345 | 0.7% | 11 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.3M | 15,183 | 0.7% | 1 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $1.2M | 3,727 | 0.7% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.2M | 5,123 | 0.7% | 19 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $1.2M | 10,004 | 0.6% | 7 |
| C H ROBINSON WORLDWIDE IN | [CHRW](https://holderbook.com/stocks/CHRW/) | $1.1M | 5,851 | 0.6% | 19 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $1.1M | 2,753 | 0.6% | 1 |
| LIBERTY GLOBAL LTD | [LBTYA](https://holderbook.com/stocks/LBTYA/) | $1.0M | 90,618 | 0.6% | 10 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.0M | 4,000 | 0.6% | 19 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $974.5K | 7,534 | 0.5% | 19 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $939.3K | 12,866 | 0.5% | 19 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $850.0K | 1,655 | 0.5% | 19 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $847.4K | 10,543 | 0.5% | 11 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $748.2K | 2,002 | 0.4% | 13 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $713.7K | 1,039 | 0.4% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $706.7K | 6,240 | 0.4% | 19 |
| COHEN & STEERS ETF TRUST | [CSRE](https://holderbook.com/stocks/CSRE/) | $705.0K | 24,843 | 0.4% | 5 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $698.1K | 5,000 | 0.4% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $688.6K | 736 | 0.4% | 19 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $637.9K | 1,809 | 0.3% | 19 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $611.2K | 520 | 0.3% | 5 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $567.4K | 6,189 | 0.3% | 5 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $535.8K | 3,306 | 0.3% | 2 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $520.3K | 2,177 | 0.3% | 19 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $498.8K | 666 | 0.3% | 7 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $491.1K | 1,235 | 0.3% | 1 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $481.6K | 20,000 | 0.3% | 19 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $467.8K | 2,889 | 0.3% | 19 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $461.9K | 3,882 | 0.3% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $443.4K | 602 | 0.2% | 11 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $408.4K | 7,000 | 0.2% | 19 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $402.6K | 3,603 | 0.2% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $381.1K | 4,200 | 0.2% | 19 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $370.2K | 3,444 | 0.2% | 2 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $366.3K | 2,500 | 0.2% | 2 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $359.6K | 1,275 | 0.2% | 2 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $304.1K | 6,035 | 0.2% | 2 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $300.5K | 655 | 0.2% | 2 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $290.2K | 1,502 | 0.2% | 1 |
| NETAPP INC | [NTAP](https://holderbook.com/stocks/NTAP/) | $282.4K | 1,825 | 0.2% | 1 |
| LIBERTY GLOBAL LTD | [LBTYK](https://holderbook.com/stocks/LBTYK/) | $276.5K | 25,140 | 0.2% | 11 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $276.0K | 4,300 | 0.2% | 1 |
| NRG ENERGY INC | [NRG](https://holderbook.com/stocks/NRG/) | $272.1K | 1,863 | 0.1% | 2 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $271.5K | 985 | 0.1% | 2 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $271.2K | 2,609 | 0.1% | 19 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $265.9K | 1,039 | 0.1% | 2 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $258.1K | 3,329 | 0.1% | 18 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $247.5K | 500 | 0.1% | 1 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $242.3K | 1,546 | 0.1% | 2 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $240.9K | 3,338 | 0.1% | 2 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $235.6K | 2,462 | 0.1% | 5 |
| F5 INC | [FFIV](https://holderbook.com/stocks/FFIV/) | $224.6K | 540 | 0.1% | 1 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $220.6K | 6,000 | 0.1% | 7 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $220.1K | 1,510 | 0.1% | 2 |

## 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 | +4.9% | +14.8% | -9.9% | 100% |
| Q1 2026 | +0.3% | -4.6% | +4.9% | 102% |
| Q4 2025 | +1.8% | +2.4% | -0.5% | 100% |
| Q3 2025 | +5.8% | +7.8% | -2.0% | 100% |
| Q2 2025 | +3.3% | +10.5% | -7.2% | 103% |
| Q1 2025 | +3.1% | -4.6% | +7.6% | 100% |
| Q4 2024 | -4.2% | +2.1% | -6.3% | 100% |
| Q3 2024 | +7.1% | +5.4% | +1.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $182.8M | 104 |
| Q1 2026 | $175.6M | 99 |
| Q4 2025 | $166.1M | 106 |
| Q3 2025 | $166.1M | 106 |
| Q2 2025 | $156.1M | 104 |
| Q1 2025 | $134.8M | 96 |
| Q4 2024 | $134.8M | 96 |
| Q3 2024 | $135.2M | 88 |
| Q2 2024 | $124.5M | 88 |
| Q1 2024 | $117.6M | 89 |
| Q4 2023 | $108.6M | 88 |
| Q3 2023 | $98.6M | 82 |