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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 (2014Q4)
Portfolio Summary: 33 holdings with a total value of $171,717,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 197,420 29,643,000 17.26%
2 JOHNSON & JOHNSON 114,940 12,019,000 7.00%
3 MICROSOFT CORP 241,187 11,203,000 6.52%
4 Vaneck Vectors Gold 567,016 10,422,000 6.07%
5 CENTRAL FD CDA LTD 864,603 10,012,000 5.83%
6 WAL-MART STORES INC 101,957 8,756,000 5.10%
7 MEDTRONIC INC 113,391 8,187,000 4.77%
8 AMERICAN INTL GROUP INC 136,996 7,673,000 4.47%
9 PFIZER INC 204,139 6,359,000 3.70%
10 MCDONALDS CORP 67,523 6,327,000 3.68%
11 NEWMONT CORP 312,970 5,915,000 3.44%
12 MERCK & CO INC 92,941 5,278,000 3.07%
13 ABBVIE INC 75,823 4,962,000 2.89%
14 CVS HEALTH CORP 44,429 4,279,000 2.49%
15 PAN AMERN SILVER CORP 459,103 4,224,000 2.46%
16 ABBOTT LABS 91,129 4,103,000 2.39%
17 MARKEL CORP 4,823 3,293,000 1.92%
18 BECTON DICKINSON & CO 23,118 3,217,000 1.87%
19 APPLE INC 28,331 3,127,000 1.82%
20 COCA COLA CO 73,647 3,109,000 1.81%
21 FAIRFAX FINANCIAL HOLDINGS LTD 5,721 2,998,000 1.75%
22 DirectTV Com 34,010 2,949,000 1.72%
23 CHESAPEAKE ENERGY CORP 149,020 2,916,000 1.70%
24 CHEVRON CORP NEW 21,746 2,439,000 1.42%
25 CONOCOPHILLIPS 31,792 2,196,000 1.28%
26 CHICAGO BRIDGE & IRON CO N V 42,590 1,788,000 1.04%
27 AGNICO EAGLE MINES LTD 63,955 1,592,000 0.93%
28 PHILLIPS 66 15,284 1,096,000 0.64%
29 PLUM CREEK TIMBER 13,290 569,000 0.33%
30 TRANSOCEAN LTD 30,361 557,000 0.32%
31 BERKSHIRE HATHAWAY INC DEL 2 452,000 0.26%
32 SEVENTY SEVEN ENERGY INC - escrow shares 10,080 55,000 0.03%
33 GOLDEN STAR RES LIMITED CDA 11,000 2,000 0.00%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-15-006382, filed 2015.02.13).

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.