Cheviot Value Management, LLC — 13F Holdings & Portfolio
CIK 1427147 · latest 13F-HR filed 2026-08-06
Cheviot Value Management, LLC manages $984.0M in 13F-reported U.S. long-equity assets across 443 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are BRK.B (12.09%), SGOV (10.26%), AEM (6.46%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 27 new positions and exited 10; 220 existing positions rose in reported value and 108 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$984.0M
Long-equity book
Holdings
443
Distinct positions
Period
2026-06-30
Filed 2026-08-06
Q/Q Activity
+27 / −10 / ↑220 / ↓108
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26BRK.B12.1% · -0%SGOV10.3% · -6%AEM6.5% · -0%GOOGL5.8% · -4%TOTL5.5% · -1%JNJ4.0% · -3%LQD3.6% · -2%TDTF3.3% · +1%V2.8% · +3%META2.5% · +8%CEF2.3% · -1%UL2.2% · +11%MRK2.2% · -0%MSFT2.2% · +0%NEM2.1% · -2%AMZN2.0% · +1%XOM1.7% · -1%MKL1.6% · +15%CMCSA1.6% · +6%BRK.A1.5% · 0%PFE1.5% · +0%CVX1.4% · -1%COP1.3% · -1%B1.2% · -3%AAPL1.0% · -0%QQQ0.9% · -1%ABBV0.7% · -1%DEM0.7% · +0%AGI0.7% · +3%IBDW0.6% · -1%IBDT0.6% · -3%PAAS0.6% · -2%OAKM0.6% · +13%SCHO0.5% · +61%FNDE0.5% · -1%OXY0.5% · -3%GDX0.4% · -0%CVS0.4% · -2%SNDK0.4% · -3%AMAT0.4% · -0%PSX0.4% · -2%AGG0.4% · +2%VOO0.4% · +2%LBRDK0.3% · -22%GOVT0.3% · +14%NVDA0.3% · +3%PID0.3% · +0%WDC0.3% · -2%JPM0.3% · +1%SMH0.3% · -6%BSV0.2% · -1%PM0.2% · 0%GOOG0.2% · -0%COST0.2% · +2%GLW0.2% · -2%URNM0.1% · 0%AMGN0.1% · +4%VZ0.1% · -1%ABT0.1% · -0%INTC0.1% · -1%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 56.3%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Aug 14, 2026.
Assets Under Management
$1.17B
Discretionary
$1.17B
Employees
7
Accounts
1,215
Address
433 NORTH CAMDEN DRIVE
SUITE 800
BEVERLY HILLS, CA 90210
SUITE 800
BEVERLY HILLS, CA 90210
Phone
(310) 451-8600
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| HORVITZ, DAVID, AARON Control | MANAGING MEMBER, TRUSTEE OF THE HORVITZ FAMILY TRUST DATED 12/19/2006 since Jan 2013 | 50–75% | Individual |
| HORVITZ, MICHELLE, RENEE Control | TRUSTEE OF THE HORVITZ FAMILY TRUST DATED 12/19/2006 since Jan 2013 | 50–75% | Individual |
| POLLOCK, DARREN, CLAY Control | MANAGING MEMBER, PORTFOLIO MANAGER, TRUSTEE OF THE POLLOCK FAMILY TRUST DATED 05/01/2011 since Jan 2013 | 50–75% | Individual |
| POLLOCK, KIM, LINNEA Control | TRUSTEE OF THE POLLOCK FAMILY TRUST DATED 05/01/2011 since Jan 2013 | 50–75% | Individual |
| THE HORVITZ FAMILY TRUST DATED 12/19/2006 Control | MEMBER since Jan 2013 | 50–75% | Domestic Entity |
| THE POLLOCK FAMILY TRUST DATED 05/01/2011 Control | MEMBER since Jan 2013 | 50–75% | Domestic Entity |
| Whiting, James, Maxwell Control | CHIEF COMPLIANCE OFFICER since May 2023 | Less than 5% | Individual |
Ownership & leadership changes · 5 filings with changes since Feb 11, 2013
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Nov 1, 2023 filing
- AddedWhiting, James, Maxwell · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedHORVITZ, DAVID, AARON · title MANAGING MEMBER, CHIEF COMPLIANCE OFFICER, TRUSTEE OF THE HORVITZ FAMILY TRUST DATED 12/19/2006 → MANAGING MEMBER, TRUSTEE OF THE HORVITZ FAMILY TRUST DATED 12/19/2006
Feb 13, 2018 filing
- ChangedHORVITZ, DAVID, AARON · title MANAGER, CHIEF COMPLIANCE OFFICER, TRUSTEE OF THE HORVITZ FAMILY TRUST DATED 12/19/2006 → MANAGING MEMBER, CHIEF COMPLIANCE OFFICER, TRUSTEE OF THE HORVITZ FAMILY TRUST DATED 12/19/2006
- ChangedPOLLOCK, DARREN, CLAY · title MANAGER, PORTFOLIO MANAGER, TRUSTEE OF THE POLLOCK FAMILY TRUST DATED 05/01/2011 → MANAGING MEMBER, PORTFOLIO MANAGER, TRUSTEE OF THE POLLOCK FAMILY TRUST DATED 05/01/2011
Jan 12, 2016 filing
- No longer listedHORVITZ, DAVID, AARON · TRUSTEE · General partner, trustee or manager · indirect via THE HORVITZ FAMILY TRUST DATED 12/19/2006 · control person · listed since Jan 2013
- No longer listedHORVITZ, MICHELLE, RENEE · TRUSTEE · General partner, trustee or manager · indirect via THE HORVITZ FAMILY TRUST DATED 12/19/2006 · control person · listed since Jan 2013
- No longer listedPOLLOCK, DARREN, CLAY · TRUSTEE · General partner, trustee or manager · indirect via THE POLLOCK FAMILY TRUST DATED 05/01/2011 · control person · listed since Jan 2013
- No longer listedPOLLOCK, KIM, LINNEA · TRUSTEE · General partner, trustee or manager · indirect via THE POLLOCK FAMILY TRUST DATED 05/01/2011 · control person · listed since Jan 2013
- AddedHORVITZ, MICHELLE, RENEE · TRUSTEE OF THE HORVITZ FAMILY TRUST DATED 12/19/2006 · 50–75% · control person
- AddedPOLLOCK, KIM, LINNEA · TRUSTEE OF THE POLLOCK FAMILY TRUST DATED 05/01/2011 · 50–75% · control person
- ChangedHORVITZ, DAVID, AARON · title MANAGER, CHIEF COMPLIANCE OFFICER → MANAGER, CHIEF COMPLIANCE OFFICER, TRUSTEE OF THE HORVITZ FAMILY TRUST DATED 12/19/2006
- ChangedPOLLOCK, DARREN, CLAY · title MANAGER → MANAGER, PORTFOLIO MANAGER, TRUSTEE OF THE POLLOCK FAMILY TRUST DATED 05/01/2011
Mar 5, 2015 filing
- No longer listedHORVITZ FAMILY TRUST UAD 12/19/2006 · MEMBER · 50–75% · control person · listed since Jan 2013
- No longer listedPOLLOCK FAMILY TRUST UAD 05/01/2011 · MEMBER · 50–75% · control person · listed since Jan 2013
- AddedHORVITZ, DAVID, AARON · TRUSTEE · General partner, trustee or manager · indirect via THE HORVITZ FAMILY TRUST DATED 12/19/2006 · control person
- AddedHORVITZ, MICHELLE, RENEE · TRUSTEE · General partner, trustee or manager · indirect via THE HORVITZ FAMILY TRUST DATED 12/19/2006 · control person
- AddedPOLLOCK, DARREN, CLAY · TRUSTEE · General partner, trustee or manager · indirect via THE POLLOCK FAMILY TRUST DATED 05/01/2011 · control person
- AddedPOLLOCK, KIM, LINNEA · TRUSTEE · General partner, trustee or manager · indirect via THE POLLOCK FAMILY TRUST DATED 05/01/2011 · control person
- AddedTHE HORVITZ FAMILY TRUST DATED 12/19/2006 · MEMBER · 50–75% · control person
- AddedTHE POLLOCK FAMILY TRUST DATED 05/01/2011 · MEMBER · 50–75% · control person
- ChangedHORVITZ, DAVID, AARON · title MANAGING MEMBER, CHIEF COMPLIANCE OFFICER, CO-TRUSTEE → MANAGER, CHIEF COMPLIANCE OFFICER
- ChangedPOLLOCK, DARREN, CLAY · title MANAGING MEMBER, CO-TRUSTEE → MANAGER
Aug 25, 2014 filing
- AddedHORVITZ FAMILY TRUST UAD 12/19/2006 · MEMBER · 50–75% · control person
- AddedPOLLOCK FAMILY TRUST UAD 05/01/2011 · MEMBER · 50–75% · control person
- ChangedHORVITZ, DAVID, AARON · title MANAGING MEMBER & CHIEF COMPLIANCE OFFICER → MANAGING MEMBER, CHIEF COMPLIANCE OFFICER, CO-TRUSTEE
- ChangedPOLLOCK, DARREN, CLAY · title MANAGING MEMBER → MANAGING MEMBER, CO-TRUSTEE
Feb 11, 2013 filing (earliest on record)
- ListedHORVITZ, DAVID, AARON · MANAGING MEMBER & CHIEF COMPLIANCE OFFICER · 50–75% · control person
- ListedPOLLOCK, DARREN, CLAY · MANAGING MEMBER · 50–75% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- ALPHABET INC CAP STK CL A$9.0M +18.8%
- VISA INC COM CL A$4.0M +16.7%
- UNILEVER PLC SPON ADR NEW$3.2M +16.9%
- SANDISK CORP COM$2.7M +246.0%
- AMAZON COM INC COM$2.7M +15.9%
Top Trims
- AGNICO EAGLE MINES LTD COM-$19.9M -23.8%
- ISHARES 0-3 MONTH TREASURY BOND ETF-$6.6M -6.1%
- SPROTT ASSET MANAGEMENT LP PHYSICAL GOLD AN-$4.6M -16.7%
- NEWMONT CORP COM-$3.7M -15.4%
- CHEVRON CORPORATION COM-$3.5M -20.4%
New Positions
- EXXONMOBIL HOLDINGS CORP COM SHS$17.0M
- SPACEX$728.7K
- OMNICOM GROUP INC COM$339.4K
- HONEYWELL INTL INC COM$96.7K
- HONEYWELL AEROSPACE INC COM$95.5K
Exited Positions
- EXXON MOBIL CORP COM$21.3M
- HONEYWELL INTL INC COM$185.8K
- BLACKROCK MUNIHLDNGS CALI COM$17.9K
- GENERAL MTRS CO COM$7.5K
- GENPREX INC COM NEW$1.8K
Cheviot Value Management, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL CL B NEW | BRK.B | 084670702 | $118.9M | 12.09% | 237,670 | SH |
| 2 | ISHARES 0-3 MONTH TREASURY BOND ETF | SGOV | 46436E718 | $100.9M | 10.26% | 1,002,516 | SH |
| 3 | AGNICO EAGLE MINES LTD COM | AEM | 008474108 | $63.6M | 6.46% | 409,761 | SH |
| 4 | ALPHABET INC CAP STK CL A | GOOGL | 02079K305 | $56.8M | 5.77% | 158,980 | SH |
| 5 | STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF | TOTL | 78467V848 | $54.0M | 5.49% | 1,368,052 | SH |
| 6 | JOHNSON & JOHNSON COM | JNJ | 478160104 | $39.3M | 3.99% | 154,695 | SH |
| 7 | ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF | LQD | 464287242 | $35.3M | 3.59% | 323,920 | SH |
| 8 | FLEXSHARES IBOXX 5 YEAR TARGET DURATION TIPS INDEX FUND | TDTF | 33939L605 | $32.6M | 3.32% | 1,372,859 | SH |
| 9 | VISA INC COM CL A | V | 92826C839 | $27.6M | 2.80% | 80,407 | SH |
| 10 | META PLATFORMS INC CL A | META | 30303M102 | $24.7M | 2.51% | 43,818 | SH |
| 11 | SPROTT ASSET MANAGEMENT LP PHYSICAL GOLD AN | CEF | 85208R101 | $22.8M | 2.32% | 567,160 | SH |
| 12 | UNILEVER PLC SPON ADR NEW | UL | 904767803 | $22.1M | 2.25% | 367,496 | SH |
| 13 | MERCK & CO INC COM | MRK | 58933Y105 | $22.0M | 2.23% | 171,084 | SH |
| 14 | MICROSOFT CORP COM | MSFT | 594918104 | $21.6M | 2.19% | 57,787 | SH |
| 15 | NEWMONT CORP COM | NEM | 651639106 | $20.4M | 2.07% | 218,434 | SH |
| 16 | AMAZON COM INC COM | AMZN | 023135106 | $19.5M | 1.98% | 81,721 | SH |
| 17 | EXXONMOBIL HOLDINGS CORP COM SHS | XOM | 30233Q108 | $17.0M | 1.73% | 124,616 | SH |
| 18 | MARKEL GROUP INC COM | MKL | 570535104 | $15.6M | 1.58% | 7,971 | SH |
| 19 | COMCAST CORP NEW CL A | CMCSA | 20030N101 | $15.4M | 1.56% | 627,143 | SH |
| 20 | BERKSHIRE HATHAWAY INC DEL CL A | BRK.A | 084670108 | $15.0M | 1.52% | 20 | SH |
| 21 | PFIZER INC COM | PFE | 717081103 | $14.8M | 1.50% | 612,610 | SH |
| 22 | CHEVRON CORPORATION COM | CVX | 166764100 | $13.7M | 1.39% | 82,362 | SH |
| 23 | CONOCOPHILLIPS COM | COP | 20825C104 | $12.4M | 1.26% | 119,603 | SH |
| 24 | BARRICK MNG CORP | B | 06849F108 | $11.3M | 1.15% | 308,875 | SH |
| 25 | APPLE INC COM | AAPL | 037833100 | $10.0M | 1.01% | 34,484 | SH |
| 26 | INVESCO QQQ TRUST SERIES I | QQQ | 46090E103 | $8.8M | 0.90% | 11,987 | SH |
| 27 | ABBVIE INC COM | ABBV | 00287Y109 | $7.0M | 0.71% | 27,894 | SH |
| 28 | WISDOMTREE EMERGING MARKETS HIGH DIVIDEND FUND | DEM | 97717W315 | $6.9M | 0.70% | 127,512 | SH |
| 29 | ALAMOS GOLD INC COM CL A | AGI | 011532108 | $6.6M | 0.67% | 217,351 | SH |
| 30 | ISHARES IBONDS DEC 2031 TERM CORPORATE ETF | IBDW | 46436E486 | $6.2M | 0.63% | 298,110 | SH |
| 31 | ISHARES IBONDS DEC 2028 TERM CORPORATE ETF | IBDT | 46435U515 | $6.2M | 0.63% | 244,851 | SH |
| 32 | PAN AMERN SILVER CORP COM | PAAS | 697900108 | $5.8M | 0.59% | 130,025 | SH |
| 33 | OAKMARK U.S. LARGE CAP ETF | OAKM | 41456U106 | $5.4M | 0.55% | 192,975 | SH |
| 34 | SCHWAB SHORT-TERM US TREASURY ETF | SCHO | 808524862 | $5.1M | 0.52% | 213,107 | SH |
| 35 | SCHWAB FUNDAMENTAL EMERGING MARKETS EQUITY ETF | FNDE | 808524730 | $5.1M | 0.52% | 129,249 | SH |
| 36 | OCCIDENTAL PETE CORP COM | OXY | 674599105 | $4.7M | 0.48% | 96,617 | SH |
| 37 | VANECK GOLD MINERS ETF | GDX | 92189F106 | $4.3M | 0.44% | 57,130 | SH |
| 38 | CVS HEALTH CORP COM | CVS | 126650100 | $4.3M | 0.44% | 41,597 | SH |
| 39 | SANDISK CORP COM | SNDK | 80004C200 | $3.9M | 0.39% | 1,694 | SH |
| 40 | APPLIED MATLS INC COM | AMAT | 038222105 | $3.7M | 0.38% | 5,136 | SH |
| 41 | PHILLIPS 66 COM | PSX | 718546104 | $3.7M | 0.38% | 21,875 | SH |
| 42 | ISHARES CORE U.S. AGGREGATE BOND ETF | AGG | 464287226 | $3.5M | 0.36% | 35,825 | SH |
| 43 | VANGUARD S&P 500 ETF | VOO | 922908363 | $3.5M | 0.36% | 5,159 | SH |
| 44 | LIBERTY BROADBAND CORP COM SER C | LBRDK | 530307305 | $3.3M | 0.33% | 98,593 | SH |
| 45 | ISHARES U.S. TREASURY BOND ETF | GOVT | 46429B267 | $3.3M | 0.33% | 142,817 | SH |
| 46 | NVIDIA CORPORATION COM | NVDA | 67066G104 | $2.8M | 0.29% | 14,096 | SH |
| 47 | INVESCO INTERNATIONAL DIVIDEND ACHIEVERS ETF | PID | 46137V548 | $2.7M | 0.28% | 122,502 | SH |
| 48 | WESTERN DIGITAL CORP COM | WDC | 958102105 | $2.7M | 0.28% | 4,240 | SH |
| 49 | JPMORGAN CHASE & CO COM | JPM | 46625H100 | $2.7M | 0.28% | 8,273 | SH |
| 50 | VANECK SEMICONDUCTOR ETF | SMH | 92189F676 | $2.5M | 0.26% | 3,850 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-06 | $984.0M | 443 | 0001140361-26-031662 |
| 2026-03-31 | 2026-05-12 | $995.6M | 426 | 0001140361-26-020764 |
| 2025-12-31 | 2026-02-03 | $1.02B | 416 | 0001140361-26-003468 |
| 2025-09-30 | 2025-10-31 | $940.2M | 444 | 0001140361-25-039956 |
Filer Information
Address
433 N. CAMDEN DR.SUITE 800
BEVERLY HILLS, CA 90210
Phone
(310) 451-8600
Filing Manager
Cheviot Value Management, LLC
BEVERLY HILLS, CA
Signatory
David Horvitz
Principal