Kercheville Advisors, LLC

Q1 2026 13F-HR Holdings

Location
San Antonio, TX
Holdings as of
3/31/2026
Date filed
4/20/2026
Form type
13F-HR
Num holdings
106
Total value ($000)
$312,661
Net value change ($000)
-69,046 (-18.1%)
New positions
10
Sold out positions
21
Turnover %
8.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 1/29/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 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)
XOM 2,338 28.4%
EPD 2,180 161.4%
GEV 1,434 27.4%
SUN 1,227 14.0%
MU 993 31.2%
FANG 791 NEW
WMT 682 9.5%
HAL 665 NEW
IBRX 645 15.0%
COST 527 4.4%
Top Reduces (Value $000, Stocks/ETFs)
CELH -7,208 -53.5%
SOFI -5,283 -96.4%
BABA -3,810 -100.0%
GOOGL -3,666 -19.0%
SLV -3,523 -70.3%
AMZN -3,428 -15.3%
GDX -3,413 -22.3%
META -3,244 -24.4%
BIDU -2,970 -100.0%
GDXJ -2,809 -21.5%
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