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Portfolio (Quarterly) Guide ↗

Kercheville Advisors, LLC

· CIK 0001890748
13F Portfolio $382M AUM 117 positions Filed Jan 29, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 27 New 39 Added 32 Reduced 16 Exited
Page 2 of 2  ·  32 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 DELL DELL TECHNOLOGIES INC Technology 8,652.0 $1.0M 0.27% -3K -25.8% $117.17 +249.5%
22 SHOP SHOPIFY INC Technology 7,360.0 $1.0M 0.27% -195.0 -2.6% $137.64 -20.9%
23 XLU SELECT SECTOR SPDR TR 13,001.0 $555K 0.14% -12K -47.6% $42.71 +4.8%
24 KGC KINROSS GOLD CORP Basic Materials 13,400.0 $491K 0.13% -6K -31.8% $36.64 -27.2%
25 AMLP ALPS ETF TR 7,820.0 $385K 0.10% -430.0 -5.2% $49.18 +3.0%
26 T AT&T INC Communication Services 14,414.0 $340K 0.09% -13K -47.2% $23.58 -6.7%
27 ISRG INTUITIVE SURGICAL INC Healthcare 495.0 $260K 0.07% -535.0 -51.9% $525.81 -22.6%
28 CRWD CROWDSTRIKE HLDGS INC Technology 560.0 $254K 0.07% -490.0 -46.7% $453.77 +50.9%
29 UPST UPSTART HLDGS INC Financial Services 5,000.0 $231K 0.06% -10K -66.7% $46.28 -29.9%
30 VZ VERIZON COMMUNICATIONS INC Communication Services 5,241.0 $207K 0.05% -78.0 -1.5% $39.48 +16.1%
31 DBL DOUBLELINE OPPORTUNISTIC CR Financial Services 12,607.0 $191K 0.05% -1K -10.5% $15.13 -5.0%
32 VCV INVESCO CALIF VALUE MUN INCO Financial Services 13,000.0 $144K 0.04% -3K -18.8% $11.05 -3.5%
Page 2 of 2  ·  32 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 22.2%
Communication Services 16.0%
Consumer Cyclical 13.1%
Energy 11.6%
Consumer Defensive 9.7%
Financial Services 9.6%
Basic Materials 8.5%
Industrials 6.2%
Healthcare 1.7%
Utilities 1.5%