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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 (2015Q4)
Portfolio Summary: 35 holdings with a total value of $154,358,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 193,802 25,590,000 16.58%
2 JOHNSON & JOHNSON 110,729 11,374,000 7.37%
3 MICROSOFT CORP 196,835 10,920,000 7.07%
4 CENTRAL FD CDA LTD 859,015 8,582,000 5.56%
5 AMERICAN INTL GROUP INC 121,656 7,539,000 4.88%
6 MCDONALDS CORP 63,105 7,455,000 4.83%
7 Vaneck Vectors Gold 480,152 6,588,000 4.27%
8 PFIZER INC 202,311 6,531,000 4.23%
9 MEDTRONIC INC 82,591 6,353,000 4.12%
10 WAL-MART STORES INC 103,362 6,336,000 4.10%
11 MERCK & CO INC 89,242 4,714,000 3.05%
12 NEWMONT CORP 258,326 4,647,000 3.01%
13 ABBVIE INC 74,351 4,405,000 2.85%
14 CVS HEALTH CORP 39,946 3,906,000 2.53%
15 MARKEL CORP 4,420 3,904,000 2.53%
16 BECTON DICKINSON & CO 21,667 3,339,000 2.16%
17 APPLE INC 29,020 3,055,000 1.98%
18 CHEVRON CORP NEW 32,774 2,948,000 1.91%
19 ABBOTT LABS 62,078 2,788,000 1.81%
20 PRECISION CASTPARTS 11,793 2,736,000 1.77%
21 COCA COLA CO 61,740 2,652,000 1.72%
22 FAIRFAX FINANCIAL HOLDINGS LTD 5,285 2,489,000 1.61%
23 AGNICO EAGLE MINES LTD 88,278 2,320,000 1.50%
24 PEPSICO INC 23,170 2,315,000 1.50%
25 AT&T INC 54,358 1,870,000 1.21%
26 PAN AMERN SILVER CORP 263,668 1,714,000 1.11%
27 EXXON MOBIL CORP 21,421 1,670,000 1.08%
28 CONOCOPHILLIPS 30,047 1,403,000 0.91%
29 CHICAGO BRIDGE & IRON CO N V 35,462 1,383,000 0.90%
30 PHILLIPS 66 15,058 1,232,000 0.80%
31 PLUM CREEK TIMBER 12,010 573,000 0.37%
32 BERKSHIRE HATHAWAY INC DEL 2 396,000 0.26%
33 WISDOMTREE TR 6,482 349,000 0.23%
34 VERIZON COMMUNICATIONS INC 6,067 280,000 0.18%
35 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 (0001140361-16-051795, filed 2016.02.11).

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.