Van Den Berg Management I, Inc. Arnold Van Den Berg

Austin, TX 20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

$473M
120 holdings
2026 Q2
+8.5% QoQ
Top 5 22.7%

Portfolio

2026 Q2, filed 8/14/2026, top 12 of 120 holdings

Top 5 22.7%, top 10 38.6%

AUM over time

2026 Q2 $473M +8.5% QoQ

Q3 2021

Q1 2022

Q1 2023

Q1 2024

Q1 2025

Q1 2026

Book

2025 Q1 2024 Q4, filed 15 May, long equity only

Download CSV Download Excel All activity


PHYS, Sprott Physical Gold Trust	6.43%	Reduce −1.5%	872,529	$24.06	$21M	−13,411	+$3.2M
XOM, Exxon Mobil	5.92%	Reduce −2.9%	162,563	$118.93	$19M	−4,856	+$1.3M
BRK.B, Berkshire Hathaway	4.76%, was 5.77%	Reduce −33.9%	29,201	$532.58	$16M	−14,948	−$4.5M
FANG, Diamondback Energy	4.01%	Reduce −3.1%	81,822	$159.88	$13M	−2,658	−$759K
EQT	3.84%	Reduce −2.2%	234,968	$53.43	$13M	−5,274	+$1.5M
BN, Brookfield Corporation	3.35%, was 3.47%	Reduce −0.4%	208,893	$52.41	$11M	−936	−$1.1M
IBM	3.23%	Reduce −1.0%	42,374	$248.66	$11M	−417	+$1.1M
GOOG, Alphabet Class C	3.22%, was 4.00%	Reduce −7.6%	67,390	$156.23	$11M	−5,516	−$3.4M
COHR, Coherent	3.01%, was 4.24%	Reduce −2.4%	151,577	$64.94	$9.8M	−3,655	−$4.9M
LUMN, Lumen Technologies	2.92%	Add +0.1%	2,434,596	$3.92	$9.5M	+1,682	−$3.4M
SA, Seabridge Gold	2.70%, was 2.05%	Add +21.0%	755,817	$11.67	$8.8M	+131,043	+$1.7M
QCOM, Qualcomm	2.67%	Reduce −0.3%	56,776	$153.61	$8.7M	−182	−$29K
CRK, Comstock Resources	2.52%	Reduce −1.1%	405,151	$20.34	$8.2M	−4,483	+$777K
WRK, Smurfit Westrock	2.44%, was 2.80%	Reduce −2.2%	176,690	$45.06	$8M	−3,939	−$1.8M
SLB	2.43%	Reduce −0.2%	189,526	$41.80	$7.9M	−369	+$642K
VNT, Vontier	2.40%, was 2.51%	Reduce 0.0%	238,637	$32.85	$7.8M	−60	−$866K
ELV, Elevance Health	2.29%, was 1.76%	Add +3.7%	17,209	$434.96	$7.5M	+611	+$1.4M
DIS, Disney	2.10%, was 2.23%	Reduce −0.3%	69,359	$98.70	$6.8M	−191	−$899K
DELL, Dell Technologies	2.01%, was 1.16%	Add +107.1%	72,068	$91.15	$6.6M	+37,263	+$2.6M
PR, Permian Resources	1.96%, was 1.87%	Add +2.5%	462,528	$13.85	$6.4M	+11,275	−$83K
INTC, Intel	1.76%, was 1.39%	Add +5.2%	252,810	$22.71	$5.7M	+12,606	+$925K
SWK, Stanley Black & Decker	1.74%, was 0.83%	Add +106.9%	74,033	$76.88	$5.7M	+38,253	+$2.8M
CME, CME Group	1.68%	Reduce −2.3%	20,702	$265.29	$5.5M	−483	+$572K
KW, Kennedy-Wilson	1.67%, was 1.46%	Add +23.8%	629,361	$8.68	$5.5M	+121,185	+$386K
EG, Everest Group	1.63%, was 1.41%	Add +8.5%	14,610	$363.33	$5.3M	+1,148	+$429K
UNH, UnitedHealth Group	1.61%, was 1.39%	Add +5.5%	10,050	$523.75	$5.3M	+522	+$444K
MSFT, Microsoft	1.61%	Add +4.5%	14,002	$375.39	$5.3M	+598	−$393K
CI, Cigna	1.49%, was 1.04%	Add +12.7%	14,798	$329.00	$4.9M	+1,667	+$1.2M
ACGL, Arch Capital Group	1.40%, was 1.18%	Add +7.2%	47,554	$96.18	$4.6M	+3,212	+$479K
COP, ConocoPhillips	1.40%, was 1.20%	Add +3.8%	43,488	$105.02	$4.6M	+1,601	+$413K
TMO, Thermo Fisher Scientific	1.30%	Reduce −0.3%	8,563	$497.60	$4.3M	−25	−$207K
CMCO, Columbus Mckinnon	1.27%	Add +7.3%	244,877	$16.93	$4.1M	+16,715	−$4.4M
DHR, Danaher	1.22%, was 1.13%	Add +14.6%	19,494	$205.00	$4M	+2,486	+$92K
WDAY, Workday	1.22%, was 1.29%	Reduce −1.2%	17,080	$233.53	$4M	−206	−$472K
VRSN, VeriSign	1.20%	Reduce −18.7%	15,426	$253.87	$3.9M	−3,548	−$11K
META, Meta Platforms	1.20%, was 1.47%	Reduce −22.2%	6,780	$576.33	$3.9M	−1,934	−$1.2M
ILMN, Illumina	1.08%, was 0.94%	Add +81.7%	44,372	$79.34	$3.5M	+19,947	+$257K
MCO, Moody's	0.88%	Reduce −0.9%	6,205	$465.72	$2.9M	−59	−$76K
ST, Sensata	0.80%, was 0.62%	Add +36.5%	107,123	$24.27	$2.6M	+28,623	+$449K
ATKR, Atkore	0.78%	Add +4.1%	42,727	$59.99	$2.6M	+1,686	−$862K
BAC, Bank of America	0.77%, was 0.90%	Reduce −15.5%	59,958	$41.73	$2.5M	−10,996	−$616K
CTRA, Coterra Energy	0.46%	Reduce −0.3%	51,691	$28.90	$1.5M	−143	+$170K
BAM, Brookfield Asset Management	0.43%, was 1.72%	Reduce −73.4%	29,257	$48.45	$1.4M	−80,668	−$4.5M
CRGY, Crescent Energy	0.42%	Add +1.6%	123,043	$11.24	$1.4M	+1,960	−$386K
DVN, Devon Energy	0.38%	Reduce −1.2%	33,037	$37.40	$1.2M	−385	+$142K
NTRS, Northern Trust	0.36%	Add +4.6%	38,596	$30.23	$1.2M	+1,701	−$204K
TXN, Texas Instruments	0.30%, was 0.34%	Reduce −12.1%	5,533	$179.70	$994K	−760	−$186K
MA, Mastercard	0.29%	Reduce −6.2%	1,724	$548.12	$945K	−114	−$23K
VTOL, Bristow Group	0.29%	Add +1.3%	29,589	$31.58	$934K	+383	−$67K
VIG, Vanguard Specialized Funds	0.27%	Reduce −4.9%	4,525	$193.99	$878K	−234	−$54K
RSP	0.27%	Reduce −2.4%	5,025	$173.22	$870K	−125	−$32K
OVV, Ovintiv	0.26%	Reduce −1.1%	19,924	$42.80	$853K	−218	+$37K
AZZ	0.26%, was 0.31%	Reduce −24.4%	10,000	$83.61	$836K	−3,233	−$248K
GNRC, Generac	0.23%, was 0.07%	Add +270.0%	5,883	$126.65	$745K	+4,293	+$499K
VTI, Vanguard Index Funds	0.22%, was 0.24%	Reduce −6.8%	2,628	$274.89	$722K	−193	−$95K
XLE, Select Sector SPDR Trust	0.22%	Reduce −11.1%	7,590	$93.45	$709K	−948	−$22K
MOAT, Vaneck ETF Trust	0.21%	Reduce −2.9%	7,697	$88.00	$677K	−228	−$58K
VEA, Vanguard Tax-Managed Funds	0.20%, was 0.17%	Add +1.1%	12,725	$50.83	$647K	+141	+$45K
Vital Energy	0.20%	Add +2.6%	30,046	$21.22	$638K	+761	−$268K
CVX, Chevron	0.19%	Reduce −10.0%	3,616	$167.29	$605K	−401	+$23K
GDXJ, Vaneck ETF Trust	0.18%	Reduce −0.3%	10,357	$57.20	$592K	−33	+$148K
SEI, Solaris Energy Infras	0.18%, was 0.23%	Reduce −1.8%	26,712	$21.76	$581K	−488	−$202K
TRS, Trimas	0.17%	Reduce −0.3%	23,209	$23.43	$544K	−79	−$29K
FNDF, Schwab Strategic Trust	0.16%	Reduce −0.9%	14,880	$36.14	$538K	−131	+$39K
VOO, Vanguard S&P 500 ETF	0.16%	Add +0.5%	1,040	$513.92	$534K	+5	−$23K
ERO, Ero Copper	0.16%, was 0.17%	Reduce −0.5%	43,508	$12.12	$527K	−227	−$62K
AEM, Agnico Eagle Mines	0.16%	Hold	4,847	$108.41	$525K	—	—
XOP, SPDR Ser Trust	0.16%	Reduce −3.2%	3,977	$131.72	$524K	−132	−$20K
PSLV, Sprott Physical Silver Trust	0.14%	Reduce −21.6%	38,069	$11.60	$442K	−10,485	−$27K
VYM, Vanguard Whitehall Funds	0.13%	Reduce −1.3%	3,371	$128.96	$435K	−45	−$1K
BTE, Baytex Energy	0.13%	Add +7.0%	183,278	$2.23	$409K	+12,016	−$33K
SU, Suncor Energy	0.11%	Reduce −1.0%	9,264	$38.72	$359K	−96	+$25K
T, AT&T	0.10%	Hold	11,945	$28.28	$338K	—	—
SPSM, SPDR Ser Trust	0.10%, was 0.11%	Reduce −2.5%	7,944	$40.76	$324K	−203	−$42K
AR, Antero Resources	0.10%	Reduce −2.9%	7,895	$40.44	$319K	−238	+$34K
VYMI, Vanguard Whitehall Funds	0.10%	Hold	4,222	$73.69	$311K	—	—
TALO, Talos Energy	0.08%	Reduce −1.9%	27,246	$9.72	$265K	−535	−$5K
RRC, Range Resources	0.08%	Reduce −0.1%	6,490	$39.93	$259K	−9	+$25K
HL, Hecla Mining	0.03%	Hold	17,000	$5.56	$95K	—	—
Veren	0.03%, was 0.02%	Add +1.5%	14,035	$6.62	$93K	+209	+$22K
RIG, Transocean	0.02%, was 0.03%	Reduce −8.5%	25,750	$3.17	$82K	−2,405	−$24K
GDX, Vaneck ETF Trust	0.02%	Hold	1,670	$45.97	$77K	—	—
FNDE, Schwab Strategic Trust	0.02%	Add +3.2%	2,445	$30.80	$75K	+75	+$6K
VBR, Vanguard Index Funds	0.02%	Add +0.3%	370	$186.29	$69K	+1	−$4K
VV, Vanguard Index Funds	0.02%	Hold	234	$257.03	$60K	—	—
SCHD, Schwab Strategic Trust	0.02%, was 0.01%	Add +5.3%	1,923	$27.96	$54K	+96	+$4K
REI, Ring Energy	0.01%	Reduce −1.0%	23,361	$1.15	$27K	−240	−$5K
VNQ, Vanguard Index Funds	0.01%	Add +0.9%	222	$90.54	$20K	+2	+$1K
EU, Encore Energy	0.00%	Hold	10,000	$1.37	$14K	—	—
XLF, Select Sector SPDR Trust	0.00%	Hold	268	$49.89	$13K	—	—
VTV, Vanguard Index Funds	0.00%	Add +40.7%	76	$172.04	$13K	+22	+$4K
VUG, Vanguard Index Funds	0.00%	Reduce −10.3%	26	$373.81	$10K	−3	−$2K
IVZ, Invesco	0.00%	Hold	150	$52.83	$8K	—	—
MORT, Vaneck ETF Trust	0.00%	Hold	585	$11.17	$7K	—	—
XES, SPDR Ser Trust	0.00%	Add +91.9%	71	$71.37	$5K	+34	+$2K
GOOGL, Alphabet Class A	0.00%	Add +5.0%	21	$154.62	$3K	+1	−$1K
VB, Vanguard Index Funds	0.00%	Hold	13	$213.77	$3K	—	—
PFXF, Vaneck ETF Trust	0.00%	Hold	50	$16.76	$838	—	—

Showing top 50 of 98 by value

Exits / last held

Gone since 2024 Q4, shown at their last reported size.

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
CRI, Carters	2.13%	Exit	$54.19	$7.4M	−136,340	−$7.4M
ALKT, Alkami Technology	0.06%	Exit	$36.63	$223K	−6,088	−$223K
AAPL, Apple	0.06%	Exit	$250.90	$210K	−837	−$210K
URA, Global X Funds	0.06%	Exit	$26.78	$193K	−7,206	−$193K
Kolibri Global Energy	0.02%	Exit	$5.36	$61K	−11,391	−$61K
IVZ, Invesco	0.01%	Exit	$30.00	$27K	−900	−$27K
Global X Funds	—	Exit	$18.67	$14K	−750	−$14K
Global X Funds	—	Exit	$20.00	$12K	−600	−$12K
Global X Funds	—	Exit	$15.38	$5K	−325	−$5K
Global X Funds	—	Exit	$20.00	$2K	−100	−$2K
SIL, Global X Funds	—	Exit	$40.00	$2K	−50	−$2K

Filings history

20 periods, with AUM normalized

Newest 13Fs

Period	Holds	AUM	QoQ	Form	Filed	Filing ID
2026 Q2	120	$473M	+8.5%	13F-HR	8/14/2026	000139834426014492
2026 Q1	133	$436M	0.0%	13F-HR	5/15/2026	000139834426009228
2025 Q4	126	$436M	+9.3%	13F-HR	2/17/2026	000139834426003217
2025 Q3	106	$399M	+13.4%	13F-HR	11/14/2025	000139834425020913
2025 Q2	110	$352M	+7.6%	13F-HR	8/14/2025	000139834425015399
2025 Q1	102	$327M	−5.8%	13F-HR	5/15/2025	000139834425009471
2024 Q4	109	$347M	+0.3%	13F-HR	2/14/2025	000139834425002819
2024 Q3	107	$346M	+2.7%	13F-HR	11/14/2024	000139834424020734
2024 Q2	108	$337M	−1.2%	13F-HR	8/14/2024	000139834424014613
2024 Q1	111	$341M	+13.3%	13F-HR	5/15/2024	000139834424009619
2023 Q4	105	$301M	+5.6%	13F-HR	2/14/2024	000139834424002891
2023 Q3	105	$285M	+2.5%	13F-HR	11/14/2023	000139834423020604
2023 Q2	106	$278M	+3.3%	13F-HR	8/14/2023	000139834423014725
2023 Q1	108	$269M	+0.4%	13F-HR	5/15/2023	000139834423009686
2022 Q4	108	$268M	−20.5%	13F-HR	2/14/2023	000139834423003139
2022 Q3	81	$337M	−10.1%	13F-HR	11/14/2022	000139834422021953
2022 Q2	86	$375M	−15.7%	13F-HR	8/15/2022	000139834422015572
2022 Q1	90	$445M	−19.2%	13F-HR	5/16/2022	000139834422009615
2021 Q4	77	$551M	+8.0%	13F-HR	2/14/2022	000139834422002950
2021 Q3	75	$510M	—	13F-HR	11/15/2021	000139834421021433

About

Van Den Berg Management I, Inc.

20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

Notable person: Arnold Van Den Berg
SEC filing name: VAN DEN BERG MANAGEMENT I, INC
Location: Austin, TX
All SEC filings: View on sec.gov