SEC 13F Intelligence

Managers / Q3 2019 · view latest →

International Value Advisers, LLC

CIK 0001456417 · 212-584-3570

Reported Value
$2.7B
Q3 2019
Positions
28
Filings on Record
10
2019–present window
Filed
Nov 13, 2019
original filing

Summary

International Value Advisers, LLC reported $2.7B in U.S.-listed holdings across 28 positions for Q3 2019.

Its largest position, IAUUSD, represents 11.6% of the portfolio.

Compared with Q2 2019, the fund opened 5 new positions and exited 0.

Portfolio Metrics

Turnover
+10.7%
vs prior filed quarter
Top-10 Concentration
+70.1%
share of reported value
Largest Position
+11.6%
Ishares Gold

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $3.3BQ4 ’18Q1 ’19: $2.7BQ2 ’19: $2.6BQ2 ’19Q3 ’19: $2.7BQ4 ’19: $2.4BQ4 ’19Q1 ’20: $1.6BQ2 ’20: $1.3BQ2 ’20Q3 ’20: $873MQ4 ’20: $615MQ4 ’20filingsflow.com

Portfolio Composition

By security type
Common Stock: 80.5%ETP: 11.6%ADR: 4.7%Other: 3.3%
  • Common Stock · 80.5% · $2.2B
  • ETP · 11.6% · $313M
  • ADR · 4.7% · $126M
  • Other · 3.3% · $88M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NEMNewmont Goldcorp Corp.NEW+2.21M2.21M+$84M$84M
ABXBarrick Gold CorpNEW+2.51M2.51M+$44M$44M
CDKCDK Global Inc.NEW+800.2K800.2K+$38M$38M
Loma Negra CorpNEW+2.12M2.12M+$12M$12M
W3UWestern Union CoNEW+107.6K107.6K+$2M$2M
ORCLOracle CorpADDED+471.8K1.14M+$25M$63M
LKQ1LKQ CorpADDED+2.05M5.10M+$79M$160M
ATROAstronics CorpADDED+577.8K2.06M+$869,000$61M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2019

26 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/ABerkshire Hathaway IncCL A · CL B15.77%$426M570.1K
2IAUUSDiShares Gold Trusthistory →ISHARES11.60%$313M22.21M
3BACBank of America Corphistory →COM8.32%$225M7.70M
4AYIAcuity Brands Inchistory →COM7.07%$191M1.42M
5SLBSchlumberger Ltdhistory →COM6.62%$179M5.23M
6LKQ1LKQ Corphistory →COM5.94%$160M5.10M
7MAMastercard Inchistory →CL A5.18%$140M515.1K
8XECEURCimarex Energy Cohistory →COM4.80%$130M2.70M
9GSGoldman Sachshistory →COM4.78%$129M623.5K
10NWSANews Corphistory →CL A3.21%$87M6.22M
11NEMNewmont Goldcorp Corp.history →COM3.10%$84M2.21M
12GOOGAlphabet IncCAP STK CL C · CAP STK CL A2.84%$77M62.9K
13Criteo SASPON ADS2.48%$67M3.58M
14ORCLOracle Corphistory →COM2.32%$63M1.14M
15ATROAstronics Corphistory →COM2.25%$61M2.06M
16UTXZUnited Technologies Corphistory →COM2.17%$58M428.5K
17QVCAUSDQurate Retail Inchistory →COM SER A2.01%$54M5.25M
18Arcos Dorados Holdings IncSHS CL A1.68%$45M6.76M
19ABXBarrick Gold Corphistory →COM1.61%$44M2.51M
20Sina CorpCOM1.57%$42M1.08M
21CDKCDK Global Inc.history →COM1.43%$38M800.2K
22BIDUNBaidu Inchistory →SPON ADR REP A1.28%$34M335.2K
23LSAKNet 1 UEPS Technologieshistory →COM0.98%$26M7.42M
24FENGEURPhoenix New Media Ltdhistory →SPON ADS0.47%$13M4.99M
25Loma Negra CorpSPON ADS0.45%$12M2.12M
26W3UWestern Union CoCOM0.09%$2M107.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2020$615M21Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$873M27Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.3B32Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.6B29May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.4B31Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.7B28Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.6B23Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019REVEALED$2.7B22May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$3.3B26Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.