Cheviot Value Management, LLC

Q4 2025 13F-HR Holdings

Location
Beverly Hills, CA
Holdings as of
12/31/2025
Date filed
2/3/2026
Form type
13F-HR
Num holdings
416
Total value ($000)
$1,018,105
Net value change ($000)
+77,889 (8.3%)
New positions
10
Sold out positions
38
Turnover %
5.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/31/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AEM 22,376 30.8%
UL 22,089 NEW
SGOV 10,709 12.2%
CEF 10,468 39.4%
GOOGL 10,212 20.2%
TOTL 7,057 16.0%
NEM 6,464 25.8%
JNJ 5,969 18.8%
B 3,942 29.0%
MRK 3,758 26.1%
Top Reduces (Value $000, Stocks/ETFs)
Unilever PLC -23,361 -100.0%
MDT -8,216 -89.6%
FISV -5,950 -93.2%
META -3,937 -12.7%
MSFT -3,931 -12.5%
LBRDA -3,308 -50.0%
BRK-B -3,265 -2.9%
AAPL -972 -9.9%
SIG -773 -100.0%
DIS -621 -52.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type