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 Q3 2025 Q2, filed 14 Nov, long equity only

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PHYS, Sprott Asset Management	6.42%	Reduce −0.2%	865,106	$29.62	$26M	−1,506	+$3.7M
SA, Seabridge Gold	4.50%	Reduce −1.3%	742,983	$24.15	$18M	−10,020	+$7M
XOM, Exxon Mobil	4.16%, was 4.80%	Reduce −6.0%	147,298	$112.75	$17M	−9,473	−$292K
GOOG, Alphabet Class C	3.83%	Reduce −6.0%	62,829	$243.55	$15M	−4,024	+$3.4M
COHR, Coherent	3.74%, was 3.89%	Reduce −9.8%	138,524	$107.72	$15M	−15,069	+$1.2M
LUMN, Lumen Technologies	3.70%	Reduce −0.3%	2,413,603	$6.12	$15M	−6,060	+$4.2M
BRK.B, Berkshire Hathaway	3.51%, was 3.86%	Reduce −0.5%	27,844	$502.74	$14M	−137	+$406K
BN, Brookfield Corporation	3.48%, was 3.65%	Reduce −2.4%	202,557	$68.58	$14M	−5,077	+$1M
EQT	3.18%	Add +1.2%	233,513	$54.43	$13M	+2,806	−$745K
FANG, Diamondback Energy	2.98%	Add +1.2%	83,045	$143.10	$12M	+946	+$603K
DELL, Dell Technologies	2.79%, was 2.73%	Add +0.2%	78,508	$141.77	$11M	+133	+$1.5M
IBM	2.62%, was 3.41%	Reduce −8.7%	37,101	$282.16	$10M	−3,545	−$1.5M
VNT, Vontier	2.51%, was 2.57%	Reduce −2.4%	238,711	$41.97	$10M	−5,967	+$990K
QCOM, Qualcomm	2.43%	Add +0.1%	58,354	$166.36	$9.7M	+52	+$423K
ELV, Elevance Health	2.30%, was 2.04%	Add +54.2%	28,474	$323.12	$9.2M	+10,004	+$2M
INTC, Intel	2.28%, was 1.68%	Add +3.2%	271,789	$33.55	$9.1M	+8,529	+$3.2M
UNH, UnitedHealth Group	2.24%, was 1.67%	Add +37.1%	25,840	$345.30	$8.9M	+6,997	+$3M
MSFT, Microsoft	2.22%, was 2.43%	Reduce −0.5%	17,131	$517.95	$8.9M	−92	+$306K
KW, Kennedy-Wilson	2.03%, was 1.55%	Add +21.9%	974,334	$8.32	$8.1M	+174,815	+$2.7M
CRK, Comstock Resources	2.00%	Add +1.8%	402,468	$19.83	$8M	+7,240	−$3M
DIS, Disney	1.94%, was 2.42%	Reduce −1.4%	67,640	$114.50	$7.7M	−934	−$759K
CI, Cigna	1.93%, was 1.45%	Add +73.2%	26,682	$288.25	$7.7M	+11,273	+$2.6M
WRK, Smurfit Westrock	1.86%, was 2.15%	Reduce −0.8%	174,228	$42.57	$7.4M	−1,425	−$163K
DHR, Danaher	1.79%, was 1.27%	Add +59.7%	36,086	$198.26	$7.2M	+13,493	+$2.7M
ACGL, Arch Capital Group	1.78%, was 1.71%	Add +19.0%	78,487	$90.73	$7.1M	+12,542	+$1.1M
TMO, Thermo Fisher Scientific	1.74%, was 1.64%	Add +0.6%	14,295	$485.02	$6.9M	+85	+$1.2M
PR, Permian Resources	1.65%	Add +11.5%	514,705	$12.80	$6.6M	+53,071	+$301K
SLB	1.61%, was 1.81%	Reduce −0.5%	187,449	$34.37	$6.4M	−884	+$77K
SWK, Stanley Black & Decker	1.50%, was 1.47%	Add +5.6%	80,769	$74.33	$6M	+4,307	+$823K
CME, CME Group	1.29%, was 1.50%	Reduce −0.7%	19,045	$270.19	$5.1M	−132	−$140K
CMCO, Columbus Mckinnon	1.17%, was 1.05%	Add +33.9%	324,803	$14.34	$4.7M	+82,229	+$954K
ILMN, Illumina	1.17%, was 1.33%	Reduce −0.2%	48,988	$94.97	$4.7M	−77	−$29K
META, Meta Platforms	1.15%, was 1.41%	Reduce −6.8%	6,276	$734.34	$4.6M	−455	−$359K
WDAY, Workday	1.05%	Add +0.8%	17,360	$240.73	$4.2M	+146	+$48K
COP, ConocoPhillips	1.05%	Add +1.2%	44,168	$94.59	$4.2M	+530	+$262K
VRSN, VeriSign	1.03%, was 1.24%	Reduce −2.5%	14,728	$279.57	$4.1M	−381	−$246K
ST, Sensata	0.95%	Add +0.4%	124,548	$30.55	$3.8M	+474	+$69K
GNRC, Generac	0.95%	Reduce −0.3%	22,610	$167.40	$3.8M	−74	+$536K
BAC, Bank of America	0.87%, was 0.91%	Reduce −0.5%	67,417	$51.59	$3.5M	−321	+$273K
TKR, Timken	0.78%	New	41,675	$75.18	$3.1M	+41,675	+$3.1M
FDX, FedEx	0.73%	New	12,321	$235.81	$2.9M	+12,321	+$2.9M
MCO, Moody's	0.72%, was 0.87%	Reduce −0.9%	6,059	$476.51	$2.9M	−54	−$179K
MKTX, Marketaxess	0.61%	New	14,017	$174.25	$2.4M	+14,017	+$2.4M
VTOL, Bristow Group	0.53%, was 0.29%	Add +90.4%	58,340	$36.08	$2.1M	+27,701	+$1.1M
UPS	0.50%	New	23,740	$83.53	$2M	+23,740	+$2M
EG, Everest Group	0.47%, was 0.56%	Reduce −8.0%	5,318	$350.23	$1.9M	−462	−$102K
BAM, Brookfield Asset Management	0.40%, was 0.46%	Reduce −3.7%	28,079	$56.94	$1.6M	−1,090	−$14K
CTRA, Coterra Energy	0.30%, was 0.36%	Reduce −0.1%	50,399	$23.65	$1.2M	−27	−$88K
CRGY, Crescent Energy	0.30%	Add +3.0%	133,080	$8.92	$1.2M	+3,898	+$76K
DVN, Devon Energy	0.27%, was 0.29%	Reduce −2.1%	31,052	$35.06	$1.1M	−675	+$79K
GDXJ, Vaneck ETF Trust	0.26%	Hold	10,353	$99.03	$1M	—	—
MA, Mastercard	0.23%, was 0.27%	Reduce −2.6%	1,629	$568.81	$927K	−43	−$13K
NTRS, Northern Trust	0.23%, was 0.30%	Reduce −2.5%	36,906	$24.80	$915K	−931	−$157K
RSP	0.23%, was 0.25%	Reduce −1.0%	4,810	$189.69	$912K	−47	+$30K
VIG, Vanguard Specialized Funds	0.22%, was 0.26%	Reduce −7.2%	4,083	$215.79	$881K	−319	−$20K
ERO, Ero Copper	0.22%	Hold	43,508	$20.23	$880K	—	—
VTI, Vanguard Index Funds	0.22%	Add +1.7%	2,635	$328.17	$865K	+45	+$78K
AEM, Agnico Eagle Mines	0.20%	Hold	4,847	$168.56	$817K	—	—
OVV, Ovintiv	0.20%, was 0.22%	Reduce −0.2%	19,857	$40.38	$802K	−31	+$45K
AZZ	0.18%, was 0.25%	Reduce −29.6%	6,609	$109.13	$721K	−2,777	−$166K
VEA, Vanguard Tax-Managed Funds	0.17%, was 0.20%	Reduce −5.6%	11,559	$59.92	$693K	−687	−$6K
MOAT, Vaneck ETF Trust	0.17%, was 0.19%	Reduce −2.3%	6,836	$99.11	$678K	−160	+$21K
XLE, Select Sector SPDR Trust	0.16%, was 0.18%	Reduce −2.3%	7,135	$89.34	$637K	−170	+$18K
SEI, Solaris Energy Infras	0.16%, was 0.21%	Reduce −40.8%	15,811	$39.97	$632K	−10,901	−$124K
FNDF, Schwab Strategic Trust	0.15%, was 0.16%	Reduce −1.4%	14,030	$42.96	$603K	−196	+$33K
PSLV, Sprott Asset Management	0.15%	Hold	37,819	$15.70	$594K	—	—
VOO, Vanguard S&P 500 ETF	0.15%	Add +2.7%	967	$612.38	$592K	+25	+$57K
Vital Energy	0.15%, was 0.17%	Reduce −8.1%	34,588	$16.89	$584K	−3,031	−$21K
CVX, Chevron	0.14%	Add +0.3%	3,610	$155.29	$561K	+12	+$45K
XOP, SPDR Series Trust	0.13%	Add +0.1%	3,782	$132.19	$500K	+2	+$24K
VYM, Vanguard Whitehall Funds	0.11%, was 0.13%	Reduce −8.2%	3,032	$140.95	$427K	−270	−$13K
BTE, Baytex Energy	0.11%, was 0.09%	Add +0.2%	179,884	$2.34	$421K	+438	+$100K
SU, Suncor Energy	0.10%	Reduce −0.2%	9,223	$41.81	$386K	−21	+$39K
VYMI, Vanguard Whitehall Funds	0.09%	Hold	4,134	$84.68	$350K	—	—
T, AT&T	0.08%	Hold	11,945	$28.24	$337K	—	—
SPSM, SPDR Series Trust	0.08%, was 0.09%	Reduce −2.1%	7,120	$46.32	$330K	−150	+$20K
AMZN, Amazon	0.08%	Add +0.8%	1,453	$219.57	$319K	+11	+$3K
URA, Global X Funds	0.07%	Reduce −3.0%	6,213	$47.67	$296K	−194	+$48K
TALO, Talos Energy	0.07%, was 0.06%	Add +6.5%	28,475	$9.59	$273K	+1,741	+$46K
AR, Antero Resources	0.07%	Hold	7,895	$33.56	$265K	—	—
RRC, Range Resources	0.06%, was 0.08%	Reduce −0.2%	6,479	$37.64	$244K	−11	−$20K
CEF, Sprott Asset Management	0.06%	New	6,126	$36.69	$225K	+6,126	+$225K
DOW, SPDR Dow Jones Industrial Average	0.05%	New	444	$463.74	$206K	+444	+$206K
HL, Hecla Mining	0.05%	Hold	17,000	$12.10	$206K	—	—
GDX, Vaneck ETF Trust	0.03%	Hold	1,590	$76.40	$121K	—	—
RIG, Transocean	0.02%	Add +1.9%	27,943	$3.12	$87K	+533	+$16K
BOOM, DMC Global	0.02%	New	10,209	$8.45	$86K	+10,209	+$86K
FNDE, Schwab Strategic Trust	0.02%	Reduce −1.5%	2,320	$36.16	$84K	−36	+$6K
VBR, Vanguard Index Funds	0.02%	Reduce −0.3%	369	$208.71	$77K	−1	+$5K
REI, Ring Energy	0.01%	Add +39.9%	50,884	$1.09	$55K	+14,523	+$27K
SCHD, Schwab Strategic Trust	0.01%	Reduce −0.3%	1,899	$27.30	$52K	−5	+$1K
VV, Vanguard Index Funds	0.01%, was 0.02%	Reduce −30.7%	156	$307.86	$48K	−69	−$16K
EU, Encore Energy	0.01%	Hold	10,000	$3.21	$32K	—	—
NLR, Vaneck ETF Trust	0.01%	Hold	216	$135.65	$29K	—	—
VTV, Vanguard Index Funds	0.01%	Reduce −8.9%	113	$186.49	$21K	−11	−$1K
VNQ, Vanguard Index Funds	0.01%	Reduce −0.9%	220	$91.42	$20K	−2	$—
VUG, Vanguard Index Funds	0.00%, was 0.01%	Reduce −9.3%	39	$479.62	$19K	−4	$—
SIL, Global X Funds	0.00%	Add +250.0%	175	$71.63	$13K	+125	+$10K
XLF, Select Sector SPDR Trust	0.00%	Hold	218	$53.98	$12K	—	—
IVZ, Invesco	0.00%	Hold	150	$55.22	$8K	—	—
MORT, Vaneck ETF Trust	0.00%	Hold	585	$10.77	$6K	—	—
Global X Funds	0.00%	Hold	325	$18.90	$6K	—	—
GOOGL, Alphabet Class A	0.00%	Hold	23	$243.09	$6K	—	—
XES, SPDR Series Trust	0.00%	Reduce −12.7%	62	$72.35	$4K	−9	$—
VB, Vanguard Index Funds	0.00%	Reduce −28.6%	5	$254.20	$1K	−2	$—
XLK, Select Sector SPDR Trust	0.00%	Hold	2	$282.00	$564	—	—

Showing top 50 of 106 by value

Exits / last held

Gone since 2025 Q2, shown at their last reported size.

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
ATKR, Atkore	0.85%	Exit	$70.55	$3M	−42,196	−$3M
TRS, Trimas	0.16%	Exit	$28.62	$560K	−19,566	−$560K
TXN, Texas Instruments	0.15%	Exit	$207.81	$516K	−2,483	−$516K
EPD, Enterprise Products Partners	0.08%	Exit	$31.02	$273K	−8,800	−$273K
ET, Energy Transfer	0.08%	Exit	$18.11	$268K	−14,797	−$268K
KMI, Kinder Morgan	0.06%	Exit	$29.47	$221K	−7,500	−$221K
MPLX, Mplx LP	0.06%	Exit	$51.63	$206K	−3,990	−$206K
BIZD, Vaneck ETF Trust	0.01%	Exit	$16.33	$49K	−3,000	−$49K
Schwab Strategic Trust	—	Exit	$45.45	$1K	−22	−$1K
VO, Vanguard Index Funds	—	Exit	$500.00	$1K	−2	−$1K
VOE, Vanguard Index Funds	—	Exit	—	—	−1	$—

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