Stocks/Funds/CIK 1940416

Tevis Investment Management

long-term holder
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1940416
Assets
$176M
+30.3% YoY
Holdings
99
Lifetime alpha vs market
-1.07% annual
Average hold time
3.0 yr
median 3.8 yr

Quarterly history

Cum return +46% vs S&P +52% · α -6% lifetimeAUM $176M · peak $176MFlow $6M (+4%)2021-122022-092023-062024-032024-122025-092026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+2.32%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.40%
steady accumulation
Rally response
-0.89%
trims into rallies
when a holding rises +10%+

Top positions · 30

Ticker$ value% portYoYHold time
GBILGoldman Sachs Access Tre$21M11.9%4.3 yr
BRK-BBerkshire Hathaway Inc.$10M5.5%4.5 yr
CCEPCoca-Cola Europacific Pa$7M3.8%+6.9%4.5 yr
AAPLApple Inc.$6M3.3%+14.7%4.5 yr
JNJJohnson & Johnson$6M3.2%+51.5%4.5 yr
MSFTMicrosoft Corporation$5M3.1%-0.6%4.5 yr
GOOGLAlphabet Inc.$5M2.9%4.5 yr
$5M2.8%0.3 yr
MDTMedtronic plc$5M2.7%-1.3%4.5 yr
NVDANVIDIA Corporation$4M2.4%+60.9%4.5 yr
CVXChevron Corporation$4M2.3%+29.2%4.5 yr
FNVFranco-Nevada Corporatio$4M2.3%+58.0%3.8 yr
INVHInvitation Homes Inc.$4M2.2%-26.5%4.5 yr
LLoews Corporation$4M2.0%+16.4%4.5 yr
PGThe Procter & Gamble Com$3M1.7%-12.9%4.5 yr

Portfolio composition (YoY)

Industry mix
Asset Management13.7%+5.6pp$24M
Beverages - Non-Alcoholic6.0%-0.7pp$10M
Drug Manufacturers - General5.5%+0.3pp$10M
Insurance - Diversified5.5%-0.6pp$10M
Semiconductors4.1%+1.7pp$7M
Oil & Gas Integrated4.0%+1.2pp$7M
Gold3.7%+0.2pp$6M
Unknown3.6%+2.9pp$6M
Consumer Electronics3.3%-1.4pp$6M
Software - Infrastructure3.1%-0.5pp$5M
Country
US78.8%+1.3pp
GB6.1%-4.1pp
CA4.7%-1.8pp
Unknown3.6%+2.9pp
IE3.4%+0.0pp
DK1.6%+0.6pp
NL1.6%+1.1pp
CH0.1%
Top 5: 27.7% · Top 10: 41.6% · Top 25: 67.0%

Winners

TickerPrev $PnLYoY %
AEM$3M+0.00B89.2%
JNJ$3M+0.00B51.5%
RTX$3M+0.00B48.1%
NVDA$3M+0.00B60.9%
FNV$1M+0.00B58.0%

Losers

TickerPrev $PnLYoY %
INVH$5M-0.00B-26.5%
NVO$1M-0.00B-46.7%
PG$2M-0.00B-12.9%
MDT$3M-0.00B-1.3%
DIS$2M-0.00B-1.3%

Top buys this quarter · 15

MSFT Microsoft Corporation+$2M
VZ Verizon Communications Inc.+$1M
ARW Arrow Electronics, Inc.+$1M
CVX Chevron Corporation+$1M
HON Honeywell International Inc.+$1M
NVO Novo Nordisk A/S+$1M
LEN Lennar Corporation+$1M
PG The Procter & Gamble Company+$1M
THO Thor Industries, Inc.+$0M
V Visa Inc.+$0M

Top sells this quarter · 15

UL Unilever PLCexit$6M
ENB Enbridge Inc.$3M
HSY The Hershey Companyexit$2M
CTVA Corteva, Inc.exit$2M
AEM Agnico Eagle Mines Limited$2M
ORCL Oracle Corporationexit$1M
GEHC GE HealthCare Technologies Incexit$1M
CSCO Cisco Systems, Inc.exit$1M
DG Dollar General Corporation$1M
SSNC SS&C Technologies Holdings, Inexit$1M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$176M99+15.79%+17.59%-1.80%+0.01B
2025-12-31$166M106+17.38%+17.72%-0.34%-0.00B
2025-09-30$166M106+12.91%+17.52%-4.61%+0.00B
2025-06-30$156M104+15.31%+14.94%+0.37%+0.01B
2025-03-31$135M96+11.52%+8.30%+3.22%-0.00B
2024-12-31$135M96+15.63%+24.89%-9.26%+0.00B
2024-09-30$135M88+28.39%+36.04%-7.65%+0.00B
2024-06-30$124M88+13.23%+24.49%-11.26%+0.00B
2024-03-31$117M88+16.34%+29.62%-13.28%+0.00B
2023-12-31$108M87+11.62%+26.18%-14.56%+0.00B
2023-09-30$98M81+14.63%+21.57%-6.94%-0.00B
2023-06-30$104M92+11.96%+19.42%-7.46%+0.00B
2023-03-31$98M85-2.98%-7.82%+4.83%+0.00B
2022-12-31$94M83+11.13%+7.56%+3.57%-0.02B
2022-09-30$103M382-6.69%-4.93%-1.76%+0.01B
2022-06-30$104M470-9.19%-16.11%+6.92%+0.00B