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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 (2015Q1)
Portfolio Summary: 32 holdings with a total value of $169,615,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 196,688 28,386,000 16.74%
2 JOHNSON & JOHNSON 112,747 11,342,000 6.69%
3 CENTRAL FD CDA LTD 866,463 10,337,000 6.09%
4 Vaneck Vectors Gold 555,713 10,136,000 5.98%
5 MICROSOFT CORP 241,150 9,804,000 5.78%
6 MEDTRONIC INC 108,748 8,481,000 5.00%
7 WAL-MART STORES INC 98,812 8,127,000 4.79%
8 AMERICAN INTL GROUP INC 137,152 7,515,000 4.43%
9 PFIZER INC 203,393 7,076,000 4.17%
10 MCDONALDS CORP 68,403 6,665,000 3.93%
11 NEWMONT CORP 269,729 5,856,000 3.45%
12 MERCK & CO INC 92,734 5,330,000 3.14%
13 ABBVIE INC 76,896 4,501,000 2.65%
14 CVS HEALTH CORP 43,018 4,440,000 2.62%
15 PAN AMERN SILVER CORP 445,268 3,905,000 2.30%
16 ABBOTT LABS 80,680 3,738,000 2.20%
17 MARKEL CORP 4,773 3,670,000 2.16%
18 APPLE INC 28,529 3,550,000 2.09%
19 FAIRFAX FINANCIAL HOLDINGS LTD 5,982 3,342,000 1.97%
20 BECTON DICKINSON & CO 22,953 3,296,000 1.94%
21 COCA COLA CO 73,129 2,965,000 1.75%
22 DirectTV Com 32,655 2,779,000 1.64%
23 CHEVRON CORP NEW 21,916 2,301,000 1.36%
24 PEPSICO INC 21,914 2,095,000 1.24%
25 CHICAGO BRIDGE & IRON CO N V 42,042 2,071,000 1.22%
26 CHESAPEAKE ENERGY CORP 144,485 2,046,000 1.21%
27 CONOCOPHILLIPS 30,965 1,928,000 1.14%
28 AGNICO EAGLE MINES LTD 63,685 1,779,000 1.05%
29 PHILLIPS 66 15,027 1,181,000 0.70%
30 PLUM CREEK TIMBER 12,310 535,000 0.32%
31 BERKSHIRE HATHAWAY INC DEL 2 435,000 0.26%
32 GOLDEN STAR RES LIMITED CDA 11,000 3,000 0.00%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-15-019178, filed 2015.05.13).

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.