Kercheville Advisors 13F annual report

Kercheville Advisors is an investment fund managing more than $230 billion ran by Jeffrey Dabbs. There are currently 80 companies in Mr. Dabbs’s portfolio. The largest investments include Amazon.com and Apple Inc, together worth $34.2 billion.

$230 billion Assets Under Management (AUM)

As of 23rd July 2024, Kercheville Advisors’s top holding is 96,944 shares of Amazon.com currently worth over $18.7 billion and making up 8.1% of the portfolio value. Relative to the number of outstanding shares of Amazon.com, Kercheville Advisors owns more than approximately 0.1% of the company. In addition, the fund holds 73,219 shares of Apple Inc worth $15.4 billion, whose value grew 19.3% in the past six months. The third-largest holding is NVIDIA Corp worth $11.9 billion and the next is Alphabet Inc worth $18.2 billion, with 99,322 shares owned.

Currently, Kercheville Advisors's portfolio is worth at least $230 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Kercheville Advisors

The Kercheville Advisors office and employees reside in San Antonio, Texas. According to the last 13-F report filed with the SEC, Jeffrey Dabbs serves as the CCO at Kercheville Advisors.

Recent trades

In the most recent 13F filing, Kercheville Advisors revealed that it had opened a new position in Sunoco Lp/sunoco Fin Corp and bought 154,033 shares worth $8.71 billion.

The investment fund also strengthened its position in Amazon.com by buying 3,749 additional shares. This makes their stake in Amazon.com total 96,944 shares worth $18.7 billion. Amazon.com dropped approximately 0.1% in the past year.

On the other hand, there are companies that Kercheville Advisors is getting rid of from its portfolio. Kercheville Advisors closed its position in Inmode Ltd on 30th July 2024. It sold the previously owned 93,475 shares for $2.85 billion. Jeffrey Dabbs also disclosed a decreased stake in Apple Inc by approximately 0.1%. This leaves the value of the investment at $15.4 billion and 73,219 shares.

One of the smallest hedge funds

The two most similar investment funds to Kercheville Advisors are Eukles Asset Management and Addison Capital Co. They manage $230 billion and $230 billion respectively.


Jeffrey Dabbs investment strategy

Kercheville Advisors’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Technology — making up 27.5% of the total portfolio value. The fund focuses on investments in the United States as 52.5% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 50% of the total holdings value. On the other hand, small-cap stocks make up only 2.5% of the portfolio. The average market cap of the portfolio companies is close to $225 billion.

The complete list of Kercheville Advisors trades based on 13F SEC filings

These positions were updated on July 30th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Amazon.com Inc.
4.02%
96,944
$18,734,362,000 8.15%
Apple Inc
0.10%
73,219
$15,421,477,000 6.71%
NVIDIA Corp
2,271.64%
96,336
$11,901,408,000 5.18%
Alphabet Inc
4.14%
99,322
$18,171,205,000 7.90%
Microsoft Corporation
24.18%
25,055
$11,198,149,000 4.87%
Costco Whsl Corp New
0.89%
12,319
$10,471,302,000 4.55%
Sunoco Lp/sunoco Fin Corp
Opened
154,033
$8,709,026,000 3.79%
Netflix Inc.
19.44%
11,890
$8,024,323,000 3.49%
Meta Platforms Inc
26.24%
15,648
$7,890,035,000 3.43%
Exxon Mobil Corp.
5.95%
67,902
$7,816,845,000 3.40%
Agnico Eagle Mines Ltd
6.36%
116,029
$7,588,324,000 3.30%
Hess Midstream LP
0.23%
200,711
$7,313,909,000 3.18%
MPLX LP
0.03%
167,332
$7,126,662,000 3.10%
Eli Lilly & Co
119.90%
7,745
$7,012,168,000 3.05%
VanEck ETF Trust
19.74%
272,711
$10,050,812,000 4.37%
Uber Technologies Inc
18.85%
75,425
$5,481,889,000 2.38%
Blackstone Inc
1.10%
41,784
$5,172,824,000 2.25%
Micron Technology Inc.
Opened
35,275
$4,639,721,000 2.02%
Celsius Holdings Inc
Opened
70,750
$4,039,118,000 1.76%
Hess Corporation
27.07%
26,200
$3,865,024,000 1.68%
Starbucks Corp.
11.53%
48,842
$3,802,385,000 1.65%
DraftKings Inc.
41.05%
83,500
$3,187,195,000 1.39%
Inmode Ltd
Closed
93,475
$2,847,249,000
Walmart Inc
Opened
41,669
$2,821,385,000 1.23%
Southwest Airls Co
19.98%
96,620
$2,764,298,000 1.20%
Energy Transfer L P
0.08%
131,900
$2,139,418,000 0.93%
Immunogen, Inc.
Closed
116,577
$1,850,077,000
Harmony Gold Mining Co Ltd
Opened
199,900
$1,833,083,000 0.80%
Mcdonalds Corp
17.65%
7,183
$1,830,400,000 0.80%
Newmont Corp
Closed
44,671
$1,650,593,000
Berkshire Hathaway Inc.
1.27%
3,981
$2,253,504,000 0.98%
Tesla Inc
14.81%
7,788
$1,541,089,000 0.67%
Akamai Technologies Inc
31.33%
14,880
$1,340,390,000 0.58%
Spdr Gold Tr
17.72%
6,079
$1,307,046,000 0.57%
Select Sector Spdr Tr
Opened
18,800
$1,281,032,000 0.56%
Las Vegas Sands Corp
Opened
27,377
$1,211,433,000 0.53%
Alamo Group Inc.
7.89%
7,000
$1,211,000,000 0.53%
Home Depot, Inc.
No change
3,310
$1,139,434,000 0.50%
Sprott Fds Tr
Opened
20,275
$998,341,000 0.43%
Novo-nordisk A S
6.08%
6,950
$992,043,000 0.43%
Deere & Co.
23.81%
2,600
$971,438,000 0.42%
Alamos Gold Inc.
71.25%
61,650
$966,968,000 0.42%
Cameco Corp.
30.96%
18,284
$899,573,000 0.39%
Spdr Ser Tr
Opened
9,680
$897,433,000 0.39%
Caterpillar Inc.
No change
2,500
$832,750,000 0.36%
Franco Nev Corp
20.57%
6,753
$800,410,000 0.35%
Ishares Silver Tr
68.82%
28,700
$762,559,000 0.33%
Shopify Inc
17.99%
10,485
$692,534,000 0.30%
Trade Desk Inc
Opened
6,660
$650,482,000 0.28%
Goldman Sachs Group, Inc.
Opened
1,403
$634,605,000 0.28%
Ishares Tr
Opened
11,000
$613,580,000 0.27%
Advanced Micro Devices Inc.
46.36%
3,615
$586,389,000 0.26%
Schlumberger Ltd.
79.86%
12,350
$582,673,000 0.25%
Bristol-Myers Squibb Co.
Closed
9,354
$542,902,000
Trane Technologies plc
No change
1,506
$495,369,000 0.22%
Alps Etf Tr
37.93%
10,000
$479,800,000 0.21%
Generac Holdings Inc
Closed
4,100
$446,736,000
JPMorgan Chase & Co.
Opened
2,070
$418,678,000 0.18%
Visa Inc
8.89%
1,470
$385,831,000 0.17%
Tortoise Midstrm Energy Fd I
Opened
8,969
$385,200,000 0.17%
Intuitive Surgical Inc
Opened
865
$384,795,000 0.17%
Fs Credit Opportunities Corp
0.05%
58,728
$374,100,000 0.16%
Freeport-McMoRan Inc
27.74%
7,610
$369,839,000 0.16%
Chart Inds Inc
Closed
2,160
$365,299,000
Broadcom Inc
Opened
224
$359,639,000 0.16%
Steel Dynamics Inc.
No change
2,705
$350,298,000 0.15%
Pepsico Inc
Closed
2,000
$338,880,000
Templeton Emerging Mkts Inco
20.80%
61,690
$328,809,000 0.14%
Garmin Ltd
No change
2,000
$325,840,000 0.14%
Enovix Corporation
Closed
22,650
$284,258,000
ServiceNow Inc
Opened
330
$259,601,000 0.11%
Upstart Holdings, Inc.
No change
10,000
$235,900,000 0.10%
Chevron Corp.
Opened
1,480
$231,502,000 0.10%
Boeing Co.
21.97%
1,225
$222,949,000 0.10%
Valero Energy Corp.
Opened
1,382
$216,688,000 0.09%
Doubleline Opportunistic Cr
9.40%
14,011
$215,202,000 0.09%
United Parcel Service, Inc.
No change
1,537
$210,325,000 0.09%
Nuveen Amt Free Mun Cr Inc F
16.84%
16,453
$205,003,000 0.09%
Nuveen Quality Muncp Income
13.69%
15,441
$181,277,000 0.08%
Invesco Calif Value Mun Inco
No change
17,000
$177,140,000 0.08%
SoFi Technologies, Inc.
Closed
21,950
$175,381,000
Nuveen Mun High Income Oppor
0.31%
14,922
$161,005,000 0.07%
Pimco Mun Income Fd Iii
No change
17,000
$133,960,000 0.06%
Invesco Mun Opportunity Tr
No change
13,067
$131,715,000 0.06%
Invesco Tr Invt Grade Muns
0.43%
12,436
$127,713,000 0.06%
Invesco Pa Value Mun Inc Tr
No change
11,000
$119,460,000 0.05%
Nuveen Amt Free Qlty Mun Inc
No change
10,283
$117,843,000 0.05%
Pimco Mun Income Fd Ii
8.77%
10,400
$88,712,000 0.04%
Allspring Global Dividend Op
Opened
10,050
$48,843,000 0.02%
Fuelcell Energy Inc
Closed
17,950
$22,976,000
No transactions found
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