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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 4 of 6  ·  117 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 CSCO CISCO SYS INC Technology 13,715.0 $1.0M 0.27% +100.0 +0.7% $74.33 +60.8%
62 DELL DELL TECHNOLOGIES INC Technology 8,652.0 $1.0M 0.27% -3K -25.8% $117.17 +249.5%
63 SHOP SHOPIFY INC Technology 7,360.0 $1.0M 0.27% -195.0 -2.6% $137.64 -20.9%
64 TYG TORTOISE ENERGY INFRA CORP Financial Services 21,343.0 $972K 0.26% +1K +6.6% $45.52 -6.6%
65 USAR USA RARE EARTH INC Basic Materials 37,200.0 $845K 0.22% +27K +272.0% $22.71 +8.5%
66 VIKING HOLDINGS LTD 11,000.0 $767K 0.20% NEW $69.69
67 BERKSHIRE HATHAWAY INC DEL 1.0 $726K 0.19% $726200.00
68 AVGO BROADCOM INC Technology 2,190.0 $713K 0.19% +187.0 +9.3% $325.49 +26.4%
69 TSM TAIWAN SEMICONDUCTOR MFG LTD Technology 2,050.0 $671K 0.18% NEW $327.37 +41.2%
70 FTAI AVIATION LTD 2,200.0 $646K 0.17% NEW $293.49
71 UPS UNITED PARCEL SERVICE INC Industrials 5,440.0 $595K 0.16% +849.0 +18.5% $109.30 -4.1%
72 XLU SELECT SECTOR SPDR TR 13,001.0 $555K 0.14% -12K -47.6% $42.71 +4.8%
73 C CITIGROUP INC Financial Services 4,245.0 $491K 0.13% NEW $115.66 +23.7%
74 KGC KINROSS GOLD CORP Basic Materials 13,400.0 $491K 0.13% -6K -31.8% $36.64 -27.2%
75 FNV FRANCO NEV CORP Basic Materials 1,881.0 $486K 0.13% $258.34 -15.1%
76 WES WESTERN MIDSTREAM PARTNERS L Energy 11,400.0 $465K 0.12% NEW $40.83 +7.0%
77 NVG NUVEEN AMT FREE MUN CR INC F Financial Services 36,586.0 $462K 0.12% +16K +78.0% $12.62 +0.5%
78 STLD STEEL DYNAMICS INC Basic Materials 2,582.0 $462K 0.12% $178.81 +39.8%
79 APH AMPHENOL CORP NEW Technology 3,000.0 $458K 0.12% NEW $152.50 +7.5%
80 GS GOLDMAN SACHS GROUP INC Financial Services 475.0 $453K 0.12% $954.65 +14.9%
Page 4 of 6  ·  117 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%