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Institutional Investment Manager
Cheviot Value Management, LLC
Cheviot Value Management, LLC (CIK: 0001427147) incorporated in California, located at 433 N. Camden Dr., Beverly Hills, CA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q1)
Portfolio Summary: 35 holdings with a total value of $181,311,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 210,379 26,291,000 14.50%
2 Vaneck Vectors Gold 607,800 14,347,000 7.91%
3 CENTRAL FD CDA LTD 895,723 12,325,000 6.80%
4 JOHNSON & JOHNSON 124,461 12,226,000 6.74%
5 MICROSOFT CORP 273,372 11,206,000 6.18%
6 NEWMONT CORP 435,720 10,213,000 5.63%
7 WAL-MART STORES INC 108,364 8,282,000 4.57%
8 AMERICAN INTL GROUP INC 155,909 7,797,000 4.30%
9 MEDTRONIC INC 124,227 7,645,000 4.22%
10 PFIZER INC 201,818 6,482,000 3.58%
11 PAN AMERN SILVER CORP 492,380 6,337,000 3.50%
12 MERCK & CO INC 96,783 5,494,000 3.03%
13 ABBVIE INC 94,287 4,846,000 2.67%
14 CHESAPEAKE ENERGY CORP 184,275 4,721,000 2.60%
15 ABBOTT LABS 106,147 4,088,000 2.25%
16 CVS HEALTH CORP 46,553 3,485,000 1.92%
17 MARKEL CORP 5,787 3,450,000 1.90%
18 BECTON DICKINSON & CO 26,566 3,110,000 1.72%
19 COCA COLA CO 76,300 2,950,000 1.63%
20 DirectTV Com 38,585 2,949,000 1.63%
21 LEUCADIA NATIONAL CO 100,839 2,823,000 1.56%
22 MCDONALDS CORP 28,131 2,758,000 1.52%
23 FAIRFAX FINANCIAL HOLDINGS LTD 5,819 2,520,000 1.39%
24 CONOCOPHILLIPS 34,226 2,408,000 1.33%
25 APPLE INC 4,086 2,193,000 1.21%
26 AGNICO EAGLE MINES LTD 63,495 1,921,000 1.06%
27 CHEVRON CORP NEW 15,849 1,885,000 1.04%
28 LABORATORY CORP AMER HLDGS 17,349 1,704,000 0.94%
29 TRANSOCEAN LTD 40,182 1,661,000 0.92%
30 PHILLIPS 66 18,206 1,403,000 0.77%
31 WEIGHT WATCHERS INTL INC 34,695 713,000 0.39%
32 PLUM CREEK TIMBER 14,150 595,000 0.33%
33 BERKSHIRE HATHAWAY INC DEL 2 375,000 0.21%
34 CRIMSON WINE GROUP 11,385 101,000 0.06%
35 GOLDEN STAR RES LIMITED CDA 11,000 7,000 0.00%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-14-020582, filed 2014.05.14).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.