# EDGAR Filing Document

**Accession Number:** 0001890748
**File Stem:** 0001890748-23-000001
**Filing Date:** 2023-2
**Character Count:** 11948
**Document Hash:** 68a637d329124514866370a661ab50f2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001890748-23-000001.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001890748-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kercheville Advisors, LLC
- **CENTRAL INDEX KEY:** 0001890748
- **IRS NUMBER:** 463542675
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21407
- **FILM NUMBER:** 23619323

**BUSINESS ADDRESS:**
- **STREET 1:** 15750 IH-10 WEST
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78249
- **BUSINESS PHONE:** 12106945000

**MAIL ADDRESS:**
- **STREET 1:** 15750 IH-10 WEST
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78249

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Kercheville Advisors LLC<br>**Address:** 15750 Ih-10 West<br>San Antonio, TX 78249

**Form 13F File Number:** 028-21407

**CRD Number (if applicable):** 000169471

**SEC File Number (if applicable):** 801-92169

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Jeffrey S. Dabbs<br>**Title:** CCO<br>**Phone:** 210-694-5000

**Signature, Place, and Date of Signing:**

/s/ Jeffrey S. Dabbs  78249, TX  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 86

**Form 13F Information Table Value Total:** $144858851

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 6581639 | 126594 | SH |  | SOLE |  | 0 | 0 | 126594 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 961442 | 11405 | SH |  | SOLE |  | 0 | 0 | 11405 |
| ALAMO GROUP INC | COM | 011311107 |  | 1162253 | 8208 | SH |  | SOLE |  | 0 | 0 | 8208 |
| ALAMOS GOLD INC NEW | COM CL A | 011532108 |  | 414297 | 41000 | SH |  | SOLE |  | 0 | 0 | 41000 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 5816112 | 65548 | SH |  | SOLE |  | 0 | 0 | 65548 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 3591616 | 40707 | SH |  | SOLE |  | 0 | 0 | 40707 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 289332 | 7600 | SH |  | SOLE |  | 0 | 0 | 7600 |
| AMAZON COM INC | COM | 023135106 |  | 8411059 | 100132 | SH |  | SOLE |  | 0 | 0 | 100132 |
| APPLE INC | COM | 037833100 |  | 12579686 | 96819 | SH |  | SOLE |  | 0 | 0 | 96819 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 468711 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1203166 | 3895 | SH |  | SOLE |  | 0 | 0 | 3895 |
| BLACKSTONE INC | COM | 09260D107 |  | 3441134 | 46383 | SH |  | SOLE |  | 0 | 0 | 46383 |
| BOEING CO | COM | 097023105 |  | 278102 | 1460 | SH |  | SOLE |  | 0 | 0 | 1460 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1024964 | 14246 | SH |  | SOLE |  | 0 | 0 | 14246 |
| CAMECO CORP | COM | 13321L108 |  | 955541 | 42150 | SH |  | SOLE |  | 0 | 0 | 42150 |
| CATERPILLAR INC | COM | 149123101 |  | 598900 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| CHART INDS INC | COM | 16115Q308 |  | 203381 | 1765 | SH |  | SOLE |  | 0 | 0 | 1765 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 239936 | 1600 | SH |  | SOLE |  | 0 | 0 | 1600 |
| COHEN  STEERS INFRASTRUCTUR | COM | 19248A109 |  | 271087 | 11300 | SH |  | SOLE |  | 0 | 0 | 11300 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 5840729 | 12795 | SH |  | SOLE |  | 0 | 0 | 12795 |
| DEERE  CO | COM | 244199105 |  | 900396 | 2100 | SH |  | SOLE |  | 0 | 0 | 2100 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 3570963 | 58055 | SH |  | SOLE |  | 0 | 0 | 58055 |
| DISNEY WALT CO | COM | 254687106 |  | 277848 | 3198 | SH |  | SOLE |  | 0 | 0 | 3198 |
| DOUBLELINE OPPORTUNISTIC CR | COM | 258623107 |  | 266136 | 17922 | SH |  | SOLE |  | 0 | 0 | 17922 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 835648 | 70400 | SH |  | SOLE |  | 0 | 0 | 70400 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 7508380 | 68072 | SH |  | SOLE |  | 0 | 0 | 68072 |
| FIRST MAJESTIC SILVER CORP | COM | 32076V103 |  | 275220 | 33000 | SH |  | SOLE |  | 0 | 0 | 33000 |
| FRANCO NEV CORP | COM | 351858105 |  | 1723192 | 12626 | SH |  | SOLE |  | 0 | 0 | 12626 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 429449 | 11301 | SH |  | SOLE |  | 0 | 0 | 11301 |
| FUELCELL ENERGY INC | COM | 35952H601 |  | 56017 | 20150 | SH |  | SOLE |  | 0 | 0 | 20150 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 200877 | 585 | SH |  | SOLE |  | 0 | 0 | 585 |
| HALLIBURTON CO | COM | 406216101 |  | 2824429 | 71777 | SH |  | SOLE |  | 0 | 0 | 71777 |
| HESS CORP | COM | 42809H107 |  | 4173054 | 29425 | SH |  | SOLE |  | 0 | 0 | 29425 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 |  | 6174055 | 206352 | SH |  | SOLE |  | 0 | 0 | 206352 |
| HOME DEPOT INC | COM | 437076102 |  | 1168682 | 3700 | SH |  | SOLE |  | 0 | 0 | 3700 |
| IMMUNOGEN INC | COM | 45253H101 |  | 1381990 | 278627 | SH |  | SOLE |  | 0 | 0 | 278627 |
| INMODE LTD | SHS | M5425M103 |  | 1942973 | 54425 | SH |  | SOLE |  | 0 | 0 | 54425 |
| INVESCO CALIF VALUE MUN INCO | COM | 46132H106 |  | 161160 | 17000 | SH |  | SOLE |  | 0 | 0 | 17000 |
| INVESCO MUN OPPORTUNITY TR | COM | 46132C107 |  | 129494 | 13067 | SH |  | SOLE |  | 0 | 0 | 13067 |
| INVESCO PA VALUE MUN INC TR | COM | 46132K109 |  | 107800 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| INVESCO TR INVT GRADE MUNS | COM | 46131M106 |  | 123979 | 12336 | SH |  | SOLE |  | 0 | 0 | 12336 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 400764 | 18200 | SH |  | SOLE |  | 0 | 0 | 18200 |
| LADDER CAP CORP | CL A | 505743104 |  | 110440 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 558834 | 11625 | SH |  | SOLE |  | 0 | 0 | 11625 |
| LILLY ELI  CO | COM | 532457108 |  | 234138 | 640 | SH |  | SOLE |  | 0 | 0 | 640 |
| MCDONALDS CORP | COM | 580135101 |  | 2048111 | 7772 | SH |  | SOLE |  | 0 | 0 | 7772 |
| MERCK  CO INC | COM | 58933Y105 |  | 1991774 | 17952 | SH |  | SOLE |  | 0 | 0 | 17952 |
| META PLATFORMS INC | CL A | 30303M102 |  | 240680 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| MICROSOFT CORP | COM | 594918104 |  | 4948283 | 20633 | SH |  | SOLE |  | 0 | 0 | 20633 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 273150 | 11250 | SH |  | SOLE |  | 0 | 0 | 11250 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 5599078 | 170496 | SH |  | SOLE |  | 0 | 0 | 170496 |
| NETFLIX INC | COM | 64110L106 |  | 3032841 | 10285 | SH |  | SOLE |  | 0 | 0 | 10285 |
| NEWMONT CORP | COM | 651639106 |  | 1823100 | 38625 | SH |  | SOLE |  | 0 | 0 | 38625 |
| NUSTAR ENERGY LP | UNIT COM | 67058H102 |  | 6170601 | 385663 | SH |  | SOLE |  | 0 | 0 | 385663 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 |  | 240190 | 19785 | SH |  | SOLE |  | 0 | 0 | 19785 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 |  | 116918 | 10283 | SH |  | SOLE |  | 0 | 0 | 10283 |
| NUVEEN INTER DURATION MUN TE | COM | 670671106 |  | 2358386 | 179755 | SH |  | SOLE |  | 0 | 0 | 179755 |
| NUVEEN MUN HIGH INCOME OPPOR | COM | 670682103 |  | 153424 | 14838 | SH |  | SOLE |  | 0 | 0 | 14838 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 234714 | 19891 | SH |  | SOLE |  | 0 | 0 | 19891 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 441714 | 3023 | SH |  | SOLE |  | 0 | 0 | 3023 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 220782 | 3100 | SH |  | SOLE |  | 0 | 0 | 3100 |
| PEPSICO INC | COM | 713448108 |  | 451650 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| PIMCO MUN INCOME FD II | COM | 72200W106 |  | 103056 | 11400 | SH |  | SOLE |  | 0 | 0 | 11400 |
| PIMCO MUN INCOME FD III | COM | 72201A103 |  | 148070 | 17000 | SH |  | SOLE |  | 0 | 0 | 17000 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 3492275 | 65325 | SH |  | SOLE |  | 0 | 0 | 65325 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 853050 | 12100 | SH |  | SOLE |  | 0 | 0 | 12100 |
| SHOPIFY INC | CL A | 82509L107 |  | 273515 | 7880 | SH |  | SOLE |  | 0 | 0 | 7880 |
| SILVERCREST METALS INC | COM | 828363101 |  | 71744 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 2757237 | 81890 | SH |  | SOLE |  | 0 | 0 | 81890 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 969323 | 5714 | SH |  | SOLE |  | 0 | 0 | 5714 |
| STARBUCKS CORP | COM | 855244109 |  | 4387361 | 44227 | SH |  | SOLE |  | 0 | 0 | 44227 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 285773 | 2925 | SH |  | SOLE |  | 0 | 0 | 2925 |
| SUNPOWER CORP | COM | 867652406 |  | 365108 | 20250 | SH |  | SOLE |  | 0 | 0 | 20250 |
| TEMPLETON EMERGING MKTS INCO | COM | 880192109 |  | 98820 | 18000 | SH |  | SOLE |  | 0 | 0 | 18000 |
| TESLA INC | COM | 88160R101 |  | 712104 | 5781 | SH |  | SOLE |  | 0 | 0 | 5781 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 253144 | 1506 | SH |  | SOLE |  | 0 | 0 | 1506 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 424120 | 17150 | SH |  | SOLE |  | 0 | 0 | 17150 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 278301 | 1601 | SH |  | SOLE |  | 0 | 0 | 1601 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 132200 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| URANIUM ENERGY CORP | COM | 916896103 |  | 85360 | 22000 | SH |  | SOLE |  | 0 | 0 | 22000 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 |  | 2884121 | 80901 | SH |  | SOLE |  | 0 | 0 | 80901 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 4452501 | 155356 | SH |  | SOLE |  | 0 | 0 | 155356 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 224895 | 5708 | SH |  | SOLE |  | 0 | 0 | 5708 |
| VISA INC | COM CL A | 92826C839 |  | 311640 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 611832 | 3900 | SH |  | SOLE |  | 0 | 0 | 3900 |
| WP CAREY INC | COM | 92936U109 |  | 468900 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |

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