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Kercheville Advisors Portfolio holdings

AUM $328M
1-Year Est. Return 76.85%
This Fund
S&P 500
This Quarter Est. Return
-2.5%
1 Year Est. Return
+76.85%
3 Year Est. Return
+239.75%
5 Year Est. Return
+344.05%
10 Year Est. Return
–
AUM
$97.8M
AUM Growth
-$54.7M
Cap. Flow
-$50.6M
Cap. Flow %
-51.79%
Top 10 Hldgs %
51.03%
Holding
97
New
3
Increased
18
Reduced
31
Closed
16

Top Buys

Rank Stock Value
1
INMD icon
InMode
INMD
+$646K
2
LNG icon
Cheniere Energy
LNG
+$470K
3
SLB icon
SLB Ltd
SLB
+$397K
4
DVN icon
Devon Energy
DVN
+$323K
5
SHOP icon
Shopify
SHOP
+$277K

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$14.6M
2
AMZN icon
Amazon
AMZN
+$11.6M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$9.18M
4
AEM icon
Agnico Eagle Mines
AEM
+$5.6M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$5.05M

Sector Composition

Rank Sector Weight
1 Energy 40.65%
2 Consumer Discretionary 8.65%
3 Financials 8.34%
4 Consumer Staples 6.75%
5 Technology 6.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MP icon
51
MP Materials
MP
$7.36B
$315K 0.32%
11,550
+250
+2% +$8.17K
FCX icon
52
Freeport-McMoran
FCX
$90B
$301K 0.31%
10,999
+1,153
+12% +$33.7K
DBL
53
DoubleLine Opportunistic Credit Fund
DBL
$278M
$273K 0.28%
18,903
+8
+0% +$124
UTF icon
54
Cohen & Steers Infrastructure Fund
UTF
$3.11B
$273K 0.28%
11,727
– –
DIS icon
55
Walt Disney
DIS
$167B
$266K 0.27%
2,818
-1,100
-28% -$118K
V icon
56
Visa
V
$684B
$266K 0.27%
1,500
-1,000
-40% -$203K
UPS icon
57
United Parcel Service
UPS
$88.6B
$259K 0.26%
1,601
– –
TT icon
58
Trane Technologies
TT
$100B
$233K 0.24%
1,606
– –
NVG icon
59
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$231K 0.24%
19,785
– –
KMI icon
60
Kinder Morgan
KMI
$71.7B
$225K 0.23%
13,500
– –
SPY icon
61
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$221K 0.23%
+620
New +$246K
SHOP icon
62
Shopify
SHOP
$152B
$219K 0.22%
+8,130
New +$277K
CROX icon
63
Crocs
CROX
$6.14B
$216K 0.22%
3,150
-2,150
-41% -$149K
STLD icon
64
Steel Dynamics
STLD
$36B
$208K 0.21%
+2,925
New +$221K
UPST icon
65
Upstart Holdings
UPST
$2.63B
$208K 0.21%
10,000
– –
VLO icon
66
Valero Energy
VLO
$90.1B
$204K 0.21%
1,911
-315
-14% -$34.7K
VCV icon
67
Invesco California Value Municipal Income Trust
VCV
$518M
$153K 0.16%
17,000
– –
NMZ icon
68
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.19B
$152K 0.16%
14,816
+16
+0.1% +$188
AG icon
69
First Majestic Silver
AG
$7.41B
$145K 0.15%
19,000
– –
PMX
70
DELISTED
PIMCO Municipal Income Fund III
PMX
$139K 0.14%
18,000
– –
LADR
71
Ladder Capital
LADR
$1.21B
$134K 0.14%
15,000
– –
VMO icon
72
Invesco Municipal Opportunity Trust
VMO
$651M
$119K 0.12%
13,067
– –
PML
73
PIMCO Municipal Income Fund II
PML
$485M
$118K 0.12%
12,400
– –
VGM icon
74
Invesco Trust Investment Grade Municipals
VGM
$548M
$115K 0.12%
12,318
+17
+0.1% +$178
NEA icon
75
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$109K 0.11%
10,283
– –
1 2
3
4

Similar funds

GWM
Graybill Wealth Management Elmhurst, Illinois $328M AUM 21.42% 1-Year Est. Return
MLICM
Metropolitan Life Insurance Company (MetLife) New York $328M AUM 9.77% 1-Year Est. Return
KSCM
King Street Capital Management New York $328M AUM 0.61% 1-Year Est. Return
BAM
Bastion Asset Management Montreal, Canada $328M AUM 13.57% 1-Year Est. Return
YAL
Your Advocates Ltd Houston, Texas $328M AUM 19.81% 1-Year Est. Return
AFS
Aft Forsyth & Sober Valrico, Florida $328M AUM 25.24% 1-Year Est. Return
KFBMI
Kentucky Farm Bureau Mutual Insurance Louisville, Kentucky $329M AUM 25.23% 1-Year Est. Return
SPFSPD
Sava Pension Fund (Sava Penzisko Drushtvo) Skopje $327M AUM

Kercheville Advisors's Q3 2022 Portfolio in Review

As of Q3 2022, Kercheville Advisors held 97 positions worth $97.8M, down 36% from $152M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Kercheville Advisors withdrew a net $50.6M in Q3 2022, closing 16 positions and reducing 31 holdings. Its most notable exit was Apple, an estimated $14.6M position sold in full.

By sector, the portfolio is most concentrated in Energy at 41% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Kercheville Advisors opened a new position in Shopify worth $219K.

  • Kercheville Advisors's largest Q3 2022 buy was Shopify: 8,130 shares worth $219K.
  • Kercheville Advisors added most to InMode in Q3 2022, an estimated $646K increase.
  • Kercheville Advisors's biggest Q3 2022 reduction was Blackstone, cutting an estimated $583K.
  • Kercheville Advisors fully exited Apple in Q3 2022, selling an estimated $14.6M.
  • Kercheville Advisors's ten largest holdings make up 51% of its $97.8M portfolio in Q3 2022.
  • Kercheville Advisors opened 3 new positions and closed 16 in Q3 2022.
  • Kercheville Advisors's portfolio value fell 36% quarter-over-quarter to $97.8M.

Based on Kercheville Advisors's 13F filing for Q3 2022, filed 17 Oct 2022.