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 Q2 2025 Q1, filed 14 Aug, long equity only

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PHYS, Sprott Physical Gold Trust	6.24%, was 6.43%	Reduce −0.7%	866,612	$25.35	$22M	−5,917	+$976K
XOM, Exxon Mobil	4.80%, was 5.92%	Reduce −3.6%	156,771	$107.80	$17M	−5,792	−$2.4M
COHR, Coherent	3.89%, was 3.01%	Add +1.3%	153,593	$89.21	$14M	+2,016	+$3.9M
BRK.B, Berkshire Hathaway	3.86%, was 4.76%	Reduce −4.2%	27,981	$485.77	$14M	−1,220	−$2M
EQT	3.82%, was 3.84%	Reduce −1.8%	230,707	$58.32	$13M	−4,261	+$900K
BN, Brookfield Corporation	3.65%	Reduce −0.6%	207,634	$61.85	$13M	−1,259	+$1.9M
IBM	3.41%	Reduce −4.1%	40,646	$294.78	$12M	−1,728	+$1.4M
GOOG, Alphabet Class C	3.37%	Reduce −0.8%	66,853	$177.39	$12M	−537	+$1.3M
FANG, Diamondback Energy	3.21%	Add +0.3%	82,099	$137.40	$11M	+277	−$1.8M
CRK, Comstock Resources	3.11%	Reduce −2.4%	395,228	$27.67	$11M	−9,923	+$2.7M
SA, Seabridge Gold	3.11%	Reduce −0.4%	753,003	$14.52	$11M	−2,814	+$2.1M
LUMN, Lumen Technologies	3.01%	Reduce −0.6%	2,419,663	$4.38	$11M	−14,933	+$1.1M
DELL, Dell Technologies	2.73%, was 2.01%	Add +8.8%	78,375	$122.60	$9.6M	+6,307	+$3M
QCOM, Qualcomm	2.64%	Add +2.7%	58,302	$159.26	$9.3M	+1,526	+$564K
VNT, Vontier	2.57%, was 2.40%	Add +2.5%	244,678	$36.90	$9M	+6,041	+$1.2M
MSFT, Microsoft	2.43%, was 1.61%	Add +23.0%	17,223	$497.41	$8.6M	+3,221	+$3.3M
DIS, Disney	2.42%	Reduce −1.1%	68,574	$124.01	$8.5M	−785	+$1.7M
WRK, Smurfit Westrock	2.15%, was 2.44%	Reduce −0.6%	175,653	$43.15	$7.6M	−1,037	−$382K
ELV, Elevance Health	2.04%	Add +7.3%	18,470	$388.96	$7.2M	+1,261	−$301K
SLB	1.81%, was 2.43%	Reduce −0.6%	188,333	$33.80	$6.4M	−1,193	−$1.6M
PR, Permian Resources	1.79%, was 1.96%	Reduce −0.2%	461,634	$13.62	$6.3M	−894	−$119K
ACGL, Arch Capital Group	1.71%, was 1.40%	Add +38.7%	65,945	$91.05	$6M	+18,391	+$1.4M
INTC, Intel	1.68%	Add +4.1%	263,260	$22.40	$5.9M	+10,450	+$156K
UNH, UnitedHealth Group	1.67%, was 1.61%	Add +87.5%	18,843	$311.97	$5.9M	+8,793	+$615K
TMO, Thermo Fisher Scientific	1.64%, was 1.30%	Add +65.9%	14,210	$405.46	$5.8M	+5,647	+$1.5M
KW, Kennedy-Wilson	1.55%	Add +27.0%	799,519	$6.80	$5.4M	+170,158	−$26K
CME, CME Group	1.50%, was 1.68%	Reduce −7.4%	19,177	$275.62	$5.3M	−1,525	−$206K
SWK, Stanley Black & Decker	1.47%	Add +3.3%	76,462	$67.75	$5.2M	+2,429	−$511K
CI, Cigna	1.45%	Add +4.1%	15,409	$330.58	$5.1M	+611	+$225K
META, Meta Platforms	1.41%	Reduce −0.7%	6,731	$738.05	$5M	−49	+$1.1M
ILMN, Illumina	1.33%, was 1.08%	Add +10.6%	49,065	$95.41	$4.7M	+4,693	+$1.2M
DHR, Danaher	1.27%, was 1.22%	Add +15.9%	22,593	$197.54	$4.5M	+3,099	+$467K
VRSN, VeriSign	1.24%	Reduce −2.1%	15,109	$288.80	$4.4M	−317	+$447K
WDAY, Workday	1.17%	Add +0.8%	17,214	$240.00	$4.1M	+134	+$143K
COP, ConocoPhillips	1.11%	Add +0.3%	43,638	$89.74	$3.9M	+150	−$651K
ST, Sensata	1.06%, was 0.80%	Add +15.8%	124,074	$30.11	$3.7M	+16,951	+$1.1M
CMCO, Columbus Mckinnon	1.05%, was 1.27%	Reduce −0.9%	242,574	$15.27	$3.7M	−2,303	−$442K
GNRC, Generac	0.92%, was 0.23%	Add +285.6%	22,684	$143.21	$3.2M	+16,801	+$2.5M
BAC, Bank of America	0.91%, was 0.77%	Add +13.0%	67,738	$47.32	$3.2M	+7,780	+$703K
MCO, Moody's	0.87%, was 0.88%	Reduce −1.5%	6,113	$501.62	$3.1M	−92	+$177K
ATKR, Atkore	0.85%	Reduce −1.2%	42,196	$70.55	$3M	−531	+$414K
EG, Everest Group	0.56%, was 1.63%	Reduce −60.4%	5,780	$339.85	$2M	−8,830	−$3.3M
BAM, Brookfield Asset Management	0.46%	Reduce −0.3%	29,169	$55.28	$1.6M	−88	+$195K
CTRA, Coterra Energy	0.36%, was 0.46%	Reduce −2.4%	50,426	$25.38	$1.3M	−1,265	−$214K
CRGY, Crescent Energy	0.32%	Add +5.0%	129,182	$8.60	$1.1M	+6,139	−$272K
NTRS, Northern Trust	0.30%, was 0.36%	Reduce −2.0%	37,837	$28.35	$1.1M	−759	−$94K
VTOL, Bristow Group	0.29%	Add +3.5%	30,639	$32.97	$1M	+1,050	+$76K
DVN, Devon Energy	0.29%, was 0.38%	Reduce −4.0%	31,727	$31.81	$1M	−1,310	−$226K
MA, Mastercard	0.27%, was 0.29%	Reduce −3.0%	1,672	$561.94	$940K	−52	−$5K
VIG, Vanguard Specialized Funds	0.26%, was 0.27%	Reduce −2.7%	4,402	$204.67	$901K	−123	+$23K
AZZ	0.25%, was 0.26%	Reduce −6.1%	9,386	$94.48	$887K	−614	+$51K
RSP	0.25%, was 0.27%	Reduce −3.3%	4,857	$181.73	$883K	−168	+$12K
VTI, Vanguard Index Funds	0.22%	Reduce −1.4%	2,590	$303.92	$787K	−38	+$65K
OVV, Ovintiv	0.22%, was 0.26%	Reduce −0.2%	19,888	$38.05	$757K	−36	−$96K
SEI, Solaris Energy Infras	0.21%	Hold	26,712	$28.29	$756K	—	—
ERO, Ero Copper	0.21%	Hold	43,508	$16.85	$733K	—	—
GDXJ, Vaneck ETF Trust	0.20%	Reduce 0.0%	10,353	$67.59	$700K	−4	+$107K
VEA, Vanguard Tax-Managed Funds	0.20%	Reduce −3.8%	12,246	$57.01	$698K	−479	+$51K
MOAT, Vaneck ETF Trust	0.19%, was 0.21%	Reduce −9.1%	6,996	$93.79	$656K	−701	−$21K
XLE, Select Sector SPDR Trust	0.18%, was 0.22%	Reduce −3.8%	7,305	$84.81	$620K	−285	−$90K
Vital Energy	0.17%	Add +25.2%	37,619	$16.09	$605K	+7,573	−$32K
AEM, Agnico Eagle Mines	0.16%	Hold	4,847	$118.93	$576K	—	—
FNDF, Schwab Strategic Trust	0.16%	Reduce −4.4%	14,226	$40.02	$569K	−654	+$32K
TRS, Trimas	0.16%, was 0.17%	Reduce −15.7%	19,566	$28.61	$560K	−3,643	+$16K
VOO, Vanguard S&P 500 ETF	0.15%, was 0.16%	Reduce −9.4%	942	$568.03	$535K	−98	+$1K
TXN, Texas Instruments	0.15%, was 0.30%	Reduce −55.1%	2,483	$207.62	$516K	−3,050	−$479K
CVX, Chevron	0.15%, was 0.19%	Reduce −0.5%	3,598	$143.19	$515K	−18	−$90K
XOP, SPDR Series Trust	0.14%, was 0.16%	Reduce −5.0%	3,780	$125.79	$475K	−197	−$48K
PSLV, Sprott Physical Silver Trust	0.13%, was 0.14%	Reduce −0.7%	37,819	$12.24	$463K	−250	+$21K
VYM, Vanguard Whitehall Funds	0.13%	Reduce −2.0%	3,302	$133.31	$440K	−69	+$5K
SU, Suncor Energy	0.10%, was 0.11%	Reduce −0.2%	9,244	$37.45	$346K	−20	−$13K
T, AT&T	0.10%	Hold	11,945	$28.94	$346K	—	—
VYMI, Vanguard Whitehall Funds	0.09%, was 0.10%	Reduce −2.1%	4,134	$80.11	$331K	−88	+$20K
BTE, Baytex Energy	0.09%, was 0.13%	Reduce −2.1%	179,446	$1.79	$321K	−3,832	−$88K
AR, Antero Resources	0.09%	Hold	7,895	$40.28	$318K	—	—
AMZN, Amazon	0.09%	New	1,442	$219.39	$316K	+1,442	+$316K
SPSM, SPDR Series Trust	0.09%, was 0.10%	Reduce −8.5%	7,270	$42.60	$310K	−674	−$14K
EPD, Enterprise Products Partners	0.08%	New	8,800	$31.01	$273K	+8,800	+$273K
ET, Energy Transfer	0.08%	New	14,797	$18.13	$268K	+14,797	+$268K
RRC, Range Resources	0.08%	Hold	6,490	$40.67	$264K	—	—
URA, Global X Funds	0.07%	New	6,407	$38.81	$249K	+6,407	+$249K
TALO, Talos Energy	0.06%, was 0.08%	Reduce −1.9%	26,734	$8.48	$227K	−512	−$38K
KMI, Kinder Morgan	0.06%	New	7,500	$29.40	$221K	+7,500	+$221K
MPLX, Mplx LP	0.06%	New	3,990	$51.51	$206K	+3,990	+$206K
HL, Hecla Mining	0.03%	Hold	17,000	$5.99	$102K	—	—
GDX, Vaneck ETF Trust	0.02%	Reduce −4.8%	1,590	$52.06	$83K	−80	+$6K
FNDE, Schwab Strategic Trust	0.02%	Reduce −3.6%	2,356	$33.01	$78K	−89	+$2K
VBR, Vanguard Index Funds	0.02%	Hold	370	$195.01	$72K	—	—
RIG, Transocean	0.02%	Add +6.4%	27,410	$2.59	$71K	+1,660	−$11K
VV, Vanguard Index Funds	0.02%	Reduce −3.8%	225	$285.30	$64K	−9	+$4K
SCHD, Schwab Strategic Trust	0.01%, was 0.02%	Reduce −1.0%	1,904	$26.50	$50K	−19	−$3K
BIZD, Vaneck ETF Trust	0.01%	New	3,000	$16.28	$49K	+3,000	+$49K
REI, Ring Energy	0.01%	Add +55.6%	36,361	$0.7940	$29K	+13,000	+$2K
EU, Encore Energy	0.01%	Hold	10,000	$2.86	$29K	—	—
NLR, Vaneck ETF Trust	0.01%	Hold	216	$111.18	$24K	—	—
VTV, Vanguard Index Funds	0.01%	Add +63.2%	124	$176.74	$22K	+48	+$9K
VNQ, Vanguard Index Funds	0.01%	Hold	222	$89.06	$20K	—	—
VUG, Vanguard Index Funds	0.01%	Add +65.4%	43	$438.40	$19K	+17	+$9K
XLF, Select Sector SPDR Trust	0.00%	Reduce −18.7%	218	$52.48	$11K	−50	−$2K
IVZ, Invesco	0.00%	Hold	150	$53.19	$8K	—	—
MORT, Vaneck ETF Trust	0.00%	Hold	585	$10.56	$6K	—	—
XES, SPDR Series Trust	0.00%	Hold	71	$63.44	$5K	—	—
GOOGL, Alphabet Class A	0.00%	Add +9.5%	23	$176.22	$4K	+2	+$1K
VB, Vanguard Index Funds	0.00%	Reduce −46.2%	7	$237.00	$2K	−6	−$1K
VO, Vanguard Index Funds	0.00%	Hold	2	$280.00	$560	—	—
Schwab Strategic Trust	0.00%	Hold	22	$24.45	$538	—	—
VOE, Vanguard Index Funds	0.00%	Hold	1	$164.00	$164	—	—

Showing top 50 of 107 by value

Exits / last held

Gone since 2025 Q1, shown at their last reported size.

Stock	% of portfolio	Recent activity	Shares	Reported price*	Value	Share change	$ change
Veren	0.03%	Exit	0	$6.63	$93K	−14,035	−$93K
PFXF, Vaneck ETF Trust	—	Exit	0	$20.00	$1K	−50	−$1K

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