Kercheville Advisors, LLC
SEC Form 13F institutional filer · CIK 0001890748
13F-HR · 61 reported holdings · 2026-03-31
Reported long-US-equity value
$0.21B
Top-10 concentration
61.7%
Kercheville Advisors, LLC — $210M AUM allocation strategy
Kercheville Advisors, LLC files SEC Form 13F and reports $210M of long US equity value across 61 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 26.1%, followed by Communication Services 19.8% and Consumer Discretionary 13.3%.
The top 10 holdings account for 62% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Kercheville Advisors, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$210M
total across 61 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
62% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$IVZ +5K sh · +$39.7K+$MPC +4.87K sh · +$637K+$MU +4.36K sh · +$993K
Biggest trims (shares)
−$LUV −39.4K sh · −$2.11M−$SLB −12.6K sh · −$577K−$PLTR −9.16K sh · −$2.01M
Exited to nil (held last quarter, gone now)
$JPM ($1.88M last qtr)$C ($491K last qtr)$APH ($458K last qtr)$GE ($310K last qtr)$INTC ($290K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Interactive Media & Services16.0%—
- Semiconductors13.3%—
- Consumer Staples Merchandise Retail9.7%—
- Broadline Retail9.1%—
- Technology Hardware, Storage & Peripherals8.5%—
- Integrated Oil & Gas5.0%—
- Movies & Entertainment3.9%—
- Oil & Gas Refining & Marketing3.8%—
- Other holdings30.8%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $NVDA | NVIDIA Corporation | 114K | $19.9M | -1.8K | 9.5% |
| $AMZN | Amazon.com Inc | 91.4K | $19M | -4.45K | 9.1% |
| $AAPL | Apple Inc | 70.1K | $17.8M | -410 | 8.5% |
| $GOOGL | Alphabet Inc | 54.5K | $15.6M | -3.83K | 7.5% |
| $COST | Costco Wholesale Corporation | 12.5K | $12.4M | +280 | 5.9% |
| $XOM | ExxonMobil Holdings Corporation | 62.4K | $10.6M | +684 | 5.0% |
| $META | Meta Platforms Inc | 17.5K | $10M | -2.96K | 4.8% |
| $NFLX | Netflix Inc | 84.4K | $8.11M | -6.71K | 3.9% |
| $MPC | Marathon Petroleum Corporation | 136K | $7.94M | +4.87K | 3.8% |
| $WMT | Walmart Inc | 63.5K | $7.9M | +2.31K | 3.8% |
…and 51 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
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How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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