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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 (2016Q1)
Portfolio Summary: 39 holdings with a total value of $156,458,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 192,414 27,300,000 17.45%
2 JOHNSON & JOHNSON 107,448 11,626,000 7.43%
3 MICROSOFT CORP 190,446 10,518,000 6.72%
4 CENTRAL FD CDA LTD 860,695 10,320,000 6.60%
5 Vaneck Vectors Gold 350,583 7,001,000 4.47%
6 WAL-MART STORES INC 100,100 6,856,000 4.38%
7 NEWMONT CORP 256,791 6,826,000 4.36%
8 PFIZER INC 213,992 6,343,000 4.05%
9 AMERICAN INTL GROUP INC 115,321 6,233,000 3.98%
10 MEDTRONIC INC 76,204 5,715,000 3.65%
11 MERCK & CO INC 86,332 4,568,000 2.92%
12 ABBVIE INC 73,767 4,214,000 2.69%
13 MCDONALDS CORP 33,341 4,190,000 2.68%
14 CVS HEALTH CORP 40,352 4,186,000 2.68%
15 MARKEL CORP 4,277 3,813,000 2.44%
16 APPLE INC 30,745 3,351,000 2.14%
17 AGNICO EAGLE MINES LTD 89,943 3,252,000 2.08%
18 BECTON DICKINSON & CO 21,072 3,199,000 2.04%
19 CHEVRON CORP NEW 32,952 3,144,000 2.01%
20 FAIRFAX FINANCIAL HOLDINGS LTD 5,261 2,946,000 1.88%
21 PAN AMERN SILVER CORP 262,498 2,853,000 1.82%
22 COCA COLA CO 60,820 2,821,000 1.80%
23 ABBOTT LABS 62,095 2,597,000 1.66%
24 PEPSICO INC 23,175 2,375,000 1.52%
25 EXXON MOBIL CORP 21,801 1,822,000 1.16%
26 AT&T INC 40,279 1,578,000 1.01%
27 PHILLIPS 66 15,291 1,324,000 0.85%
28 CHICAGO BRIDGE & IRON CO N V 33,767 1,236,000 0.79%
29 CONOCOPHILLIPS 28,655 1,154,000 0.74%
30 WEYERHAEUSER CO 17,869 554,000 0.35%
31 WISDOMTREE TR 10,092 524,000 0.33%
32 SPDR S&P 500 ETF TR 2,319 477,000 0.30%
33 BERKSHIRE HATHAWAY INC DEL 2 427,000 0.27%
34 VERIZON COMMUNICATIONS INC 6,067 328,000 0.21%
35 WALGREENS BOOTS ALLIANCE INC 2,817 237,000 0.15%
36 FLEXSHARES QUALITY DIVIDEND INDEX FUND 6,310 228,000 0.15%
37 GOLDCORP INC NEW 11,145 181,000 0.12%
38 SPROTT PHYSICAL GOLD TRUST UNIT 13,427 136,000 0.09%
39 GOLDEN STAR RES LIMITED CDA 11,000 5,000 0.00%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-16-064910, filed 2016.05.13).

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.