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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
+5.17%
1 Year Est. Return
+76.85%
3 Year Est. Return
+239.75%
5 Year Est. Return
+344.05%
10 Year Est. Return
–
AUM
$382M
AUM Growth
+$50.7M
Cap. Flow
+$10.5M
Cap. Flow %
2.76%
Top 10 Hldgs %
44.65%
Holding
133
New
27
Increased
44
Reduced
33
Closed
16

Top Buys

Rank Stock Value
1
LUV icon
Southwest Airlines
LUV
+$2.39M
2
BABA icon
Alibaba
BABA
+$2.31M
3
SNPS icon
Synopsys
SNPS
+$2.21M
4
XBI icon
State Street SPDR S&P Biotech ETF
XBI
+$2.03M
5
BE icon
Bloom Energy
BE
+$1.89M

Top Sells

Rank Stock Value
1
HESM icon
Hess Midstream
HESM
+$5.37M
2
BX icon
Blackstone
BX
+$3.15M
3
MSFT icon
Microsoft
MSFT
+$2.36M
4
GDX icon
VanEck Gold Miners ETF
GDX
+$1.71M
5
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$1.62M

Sector Composition

Rank Sector Weight
1 Technology 19.11%
2 Communication Services 14.17%
3 Consumer Discretionary 11.82%
4 Energy 10.27%
5 Consumer Staples 8.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KTOS icon
101
Kratos Defense & Security Solutions
KTOS
$8.74B
$228K 0.06%
+2,000
New +$164K
CGSD icon
102
Capital Group Short Duration Income ETF
CGSD
$2.38B
$227K 0.06%
+8,720
New +$227K
VGM icon
103
Invesco Trust Investment Grade Municipals
VGM
$548M
$226K 0.06%
22,112
+30
+0.1% +$306
EWY icon
104
iShares MSCI South Korea ETF
EWY
$21.9B
$226K 0.06%
+1,950
New +$178K
BMY icon
105
Bristol-Myers Squibb
BMY
$133B
$222K 0.06%
+4,037
New +$194K
IREN icon
106
Iris Energy
IREN
$13.2B
$219K 0.06%
+4,200
New +$217K
RCL icon
107
Royal Caribbean
RCL
$85.1B
$218K 0.06%
765
+39
+5% +$11K
FCX icon
108
Freeport-McMoran
FCX
$90B
$208K 0.05%
+3,530
New +$153K
VZ icon
109
Verizon
VZ
$195B
$207K 0.05%
5,241
-78
-1% -$3.16K
PML
110
PIMCO Municipal Income Fund II
PML
$485M
$199K 0.05%
26,422
– –
DBL
111
DoubleLine Opportunistic Credit Fund
DBL
$278M
$191K 0.05%
12,607
-1,483
-11% -$22.8K
NMZ icon
112
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.19B
$182K 0.05%
17,563
+32
+0.2% +$337
VMO icon
113
Invesco Municipal Opportunity Trust
VMO
$651M
$179K 0.05%
18,567
– –
IQI icon
114
Invesco Quality Municipal Securities
IQI
$522M
$160K 0.04%
16,000
+5,000
+45% +$49.9K
VCV icon
115
Invesco California Value Municipal Income Trust
VCV
$518M
$144K 0.04%
13,000
-3,000
-19% -$32.6K
NRK icon
116
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$901M
$125K 0.03%
12,259
+114
+0.9% +$1.16K
VPV icon
117
Invesco Pennsylvania Value Municipal Income Trust
VPV
$193M
$116K 0.03%
11,000
– –
AMX icon
118
America Movil
AMX
$76.1B
– –
-10,000
Closed -$210K
ARIS
119
Aris Mining
ARIS
$2.76B
– –
-10,000
Closed -$98K
BAC icon
120
Bank of America
BAC
$435B
– –
-4,321
Closed -$223K
BTCO icon
121
Invesco Galaxy Bitcoin ETF
BTCO
$422M
– –
-2,600
Closed -$296K
CCL icon
122
Carnival Corporation Ltd
CCL
$38.1B
– –
-26,000
Closed -$752K
EEM icon
123
iShares MSCI Emerging Markets ETF
EEM
$28.8B
– –
-9,000
Closed -$481K
EQX icon
124
Equinox Gold
EQX
$7.06B
– –
-10,000
Closed -$112K
FSCO
125
FS Credit Opportunities Corp
FSCO
$1B
– –
-47,698
Closed -$330K
2 3 4
5
6

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KSCM
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BAM
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YAL
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AFS
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KFBMI
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SPFSPD
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Kercheville Advisors's Q4 2025 Portfolio in Review

As of Q4 2025, Kercheville Advisors held 133 positions worth $382M, up 15% from $331M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Kercheville Advisors's Q4 2025 filing shows 27 new, 44 increased, 33 reduced and 16 closed positions. Its largest new stake was Synopsys: 4,981 shares worth $2.54M. The largest sale was Hess Midstream, an estimated $5.37M.

By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 21% a quarter earlier, followed by Communication Services and Consumer Discretionary.

  • Kercheville Advisors's largest Q4 2025 buy was Synopsys: 4,981 shares worth $2.54M.
  • Kercheville Advisors added most to Southwest Airlines in Q4 2025, an estimated $2.39M increase.
  • Kercheville Advisors's biggest Q4 2025 reduction was Blackstone, cutting an estimated $3.15M.
  • Kercheville Advisors fully exited Hess Midstream in Q4 2025, selling an estimated $5.37M.
  • Kercheville Advisors's ten largest holdings make up 45% of its $382M portfolio in Q4 2025.
  • Kercheville Advisors opened 27 new positions and closed 16 in Q4 2025.
  • Kercheville Advisors's portfolio value rose 15% quarter-over-quarter to $382M.

Based on Kercheville Advisors's 13F filing for Q4 2025, filed 29 Jan 2026.