Cheviot Value Management, LLC

RIA/Wealth

Cheviot Value Management, LLC is a RIA/Wealth based in Beverly Hills, CA led by David Aaron Horvitz, reporting $963.3M in AUM as of Q3 2025 with 56% concentrated in top 10 holdings.

Managing PartnerDavid Aaron Horvitz

Portfolio Value: $939.2M
Positions: 442
Top Holding: BRK.B at 12.16%
Last Reported: Q3 2025

Address433 North Camden Drive, Suite 800, Beverly Hills, CA, 90210, United States

Top Holdings

Largest long holdings in Cheviot Value Management, LLC's portfolio (56% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Berkshire Hathaway BRK.B	Insurance - Diversified Financial Services	$114.2M	12.16%	-$1.1M Sold	0.01% 237.3K shares	Q4 2019 Held for 5y 11m
2 iShares 0-3 Month Treasury Bond SGOV	ETF ETF	$87.5M	9.32%	-$89.6K Sold	— 869.4K shares	Q1 2025 Held for 8 months
3 Agnico Eagle Mines AEM	Gold Basic Materials	$72.6M	7.73%	-$2.4M Sold	0.09% 462.9K shares	Q1 2013 Held for 12y 8m
4 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$50.7M	5.39%	-$3.5M Sold	0.00% 189.4K shares	Q2 2017 Held for 8y 5m
5 SPDR DoubleLine Total Return Tactical TOTL	ETF ETF	$44.1M	4.70%	+$4.2M Bought	— 1.1M shares	Q1 2025 Held for 8 months
6 iShares iBoxx $ Investment Grade Corporate Bond LQD	ETF ETF	$33.3M	3.54%	+$4.1M Bought	— 294.6K shares	Q1 2025 Held for 8 months
7 Johnson & Johnson JNJ	Drug Manufacturers - General Healthcare	$31.8M	3.38%	-$480.0K Sold	0.01% 170.0K shares	Q1 2013 Held for 12y 8m
8 Microsoft MSFT	Software - Infrastructure Technology	$31.4M	3.35%	-$275.9K Sold	0.00% 58.0K shares	Q1 2013 Held for 12y 8m
9 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$31.0M	3.30%	-$2.2M Sold	0.00% 41.3K shares	Q3 2018 Held for 7y 2m
10 FlexShares iBoxx 5-Year Target Duration TIPS Index Fund TDTF	ETF ETF	$29.6M	3.16%	+$6.9M Bought	— 1.2M shares	Q1 2025 Held for 8 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Cheviot Value Management, LLC's latest filing

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Market Value

$939.2M

Prior: $871.1M

Q/Q Change

+7.81%

+$68.1M

Net Flows % of MV

+1.15%

Turnover Ratio

2.94%

New Purchases

22 stocks

$5.0M

Added To

65 stocks

+$28.0M

Sold Out Of

11 stocks

$14.7K

Reduced Holdings

66 stocks

-$22.2M

Increased Positions

Position	Shares Δ	Change
1 GCI Liberty, Inc. Series C GCI Group Common Stock GLIBK	New	0 → 25.9K +$948.5K
2 Signet Jewelers SIG	New	0 → 7.5K +$772.9K
3 Cardinal Health CAH	New	0 → 4.1K +$667.4K
4 Simon Property Group SPG	New	0 → 3.1K +$541.8K
5 Etsy ETSY	New	0 → 6.0K +$449.8K

Decreased Positions

Position	Shares Δ	Change
1 Coterra Energy CTRA	Sold	250.0 → 0 −$6.0K
2 JD JD.com JD	Sold	96.0 → 0 −$3.0K
3 MFG Mizuho Financial Group MFG	Sold	418.0 → 0 −$2.6K
4 SAN Banco Santander SAN	Sold	125.0 → 0 −$1.2K
5 Kellogg Company KLG	Sold	50.0 → 0 −$1.2K

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Analytics

Portfolio insights and performance metrics for Cheviot Value Management, LLC

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Sector Allocation

ETF

27.20%

Financial Services

18.60%

Basic Materials

11.70%

Communication Services

11.50%

Healthcare

8.90%

Technology

6.30%

Energy

4.90%

Consumer Cyclical

2.40%

Industrials

2.20%

Consumer Defensive

0.50%

Real Estate

0.10%

Market Cap Distribution

Mega Cap (> $200B)

42.06%

Large Cap ($10B - $200B)

24.08%

Mid Cap ($2B - $10B)

1.02%

Small Cap ($300M - $2B)

0.11%

Micro Cap ($50M - $300M)

0.00%

Nano Cap (< $50M)

0.06%

N/A (ETF or Unknown)

32.67%

Portfolio Concentration

Top 10 Holdings %

56.03%

Top 20 Holdings %

75.92%

Top 50 Holdings %

93.77%

Top 100 Holdings %

97.77%