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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 6 of 6  ·  117 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 KTOS KRATOS DEFENSE & SEC SOLUTIO Industrials 2,000.0 $228K 0.06% NEW $113.85 -52.4%
102 CGSD CAPITAL GRP FIXED INCM ETF T 8,720.0 $227K 0.06% NEW $26.04 -1.1%
103 VGM INVESCO TR INVT GRADE MUNS Financial Services 22,112.0 $226K 0.06% $10.23 +1.9%
104 EWY ISHARES INC 1,950.0 $226K 0.06% NEW $115.99 +89.0%
105 BMY BRISTOL-MYERS SQUIBB CO Healthcare 4,037.0 $222K 0.06% NEW $54.93 -1.7%
106 IREN IREN LIMITED Financial Services 4,200.0 $219K 0.06% NEW $52.26 +14.7%
107 RCL ROYAL CARIBBEAN GROUP Consumer Cyclical 765.0 $218K 0.06% +39.0 +5.4% $285.54 +9.4%
108 FCX FREEPORT-MCMORAN INC Basic Materials 3,530.0 $208K 0.05% NEW $58.85 +16.7%
109 VZ VERIZON COMMUNICATIONS INC Communication Services 5,241.0 $207K 0.05% -78.0 -1.5% $39.48 +16.1%
110 PML PIMCO MUN INCOME FD II Financial Services 26,422.0 $199K 0.05% $7.54 +0.1%
111 DBL DOUBLELINE OPPORTUNISTIC CR Financial Services 12,607.0 $191K 0.05% -1K -10.5% $15.13 -5.0%
112 NMZ NUVEEN MUN HIGH INCOME OPPOR Financial Services 17,563.0 $182K 0.05% $10.35 +0.4%
113 VMO INVESCO MUN OPPORTUNITY TR Financial Services 18,567.0 $179K 0.05% $9.66 +2.5%
114 INVESCO QUALITY MUN INCOME T 16,000.0 $160K 0.04% +5K +45.5% $9.97
115 VCV INVESCO CALIF VALUE MUN INCO Financial Services 13,000.0 $144K 0.04% -3K -18.8% $11.05 -3.5%
116 NRK NUVEEN NEW YORK AMT QLT MUNI Financial Services 12,259.0 $125K 0.03% +114.0 +0.9% $10.18 +4.8%
117 VPV INVESCO PA VALUE MUN INC TR Financial Services 11,000.0 $116K 0.03% $10.58 +5.9%
Page 6 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%