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

2026 Q1 2025 Q4, filed 15 May, long equity only

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PHYS, Sprott Asset Management	6.78%	Reduce −2.3%	834,961	$35.44	$30M	−19,887	+$1.4M
XOM, Exxon Mobil	5.25%	Reduce −4.3%	134,915	$169.66	$23M	−6,102	+$5.9M
SA, Seabridge Gold	4.28%, was 4.80%	Reduce −7.0%	658,050	$28.34	$19M	−49,340	−$2.3M
LUMN, Lumen Technologies	3.87%	Add +1.4%	2,427,862	$6.95	$17M	+33,562	−$1.7M
FANG, Diamondback Energy	3.76%	Reduce −2.0%	82,958	$197.79	$16M	−1,703	+$3.7M
COHR, Coherent	3.52%, was 5.07%	Reduce −46.1%	64,539	$238.21	$15M	−55,298	−$6.7M
EQT	3.30%	Reduce −1.7%	226,057	$63.64	$14M	−3,826	+$2.1M
GOOG, Alphabet Class C	3.05%, was 4.15%	Reduce −19.6%	46,423	$286.86	$13M	−11,347	−$4.8M
DELL, Dell Technologies	2.95%, was 2.25%	Add +0.5%	78,282	$164.13	$13M	+361	+$3M
BRK.B, Berkshire Hathaway	2.58%, was 3.12%	Reduce −13.4%	23,478	$479.20	$11M	−3,632	−$2.4M
INTC, Intel	2.53%	Reduce −3.2%	249,846	$44.13	$11M	−8,337	+$1.5M
PR, Permian Resources	2.53%	Reduce −0.5%	516,902	$21.32	$11M	−2,599	+$3.7M
MSFT, Microsoft	2.33%, was 1.92%	Add +58.8%	27,496	$370.17	$10M	+10,177	+$1.8M
BN, Brookfield Corporation	2.20%, was 3.13%	Reduce −20.4%	236,693	$40.47	$9.6M	−60,654	−$4.1M
IBM	2.05%	Add +0.2%	36,942	$242.39	$9M	+67	−$2M
SLB	2.04%	Reduce −3.5%	172,854	$51.39	$8.9M	−6,264	+$2M
CRK, Comstock Resources	1.91%, was 2.13%	Reduce −1.2%	396,089	$21.08	$8.3M	−4,651	−$940K
CI, Cigna	1.90%	Add +1.5%	31,112	$266.75	$8.3M	+447	−$141K
ELV, Elevance Health	1.89%	Add +4.1%	28,114	$292.75	$8.2M	+1,115	−$1.2M
QCOM, Qualcomm	1.83%	Add +7.6%	62,118	$128.78	$8M	+4,413	−$1.9M
VNT, Vontier	1.81%, was 1.99%	Reduce −4.6%	222,194	$35.47	$7.9M	−10,824	−$782K
UNH, UnitedHealth Group	1.79%	Add +10.6%	28,888	$270.59	$7.8M	+2,765	−$807K
ACGL, Arch Capital Group	1.78%, was 1.77%	Add +0.8%	81,086	$95.99	$7.8M	+647	+$68K
TMO, Thermo Fisher Scientific	1.59%	Add +1.8%	14,146	$491.53	$7M	+249	−$1.1M
CMCO, Columbus Mckinnon	1.59%, was 1.50%	Add +26.2%	478,328	$14.53	$7M	+99,309	+$412K
DHR, Danaher	1.57%	Add +1.2%	36,228	$189.60	$6.9M	+426	−$1.3M
SWK, Stanley Black & Decker	1.50%	Add +2.9%	92,203	$71.06	$6.6M	+2,602	−$104K
WRK, Smurfit Westrock	1.47%, was 1.38%	Add +3.1%	160,915	$39.85	$6.4M	+4,828	+$377K
DIS, Disney	1.47%, was 1.73%	Reduce −0.2%	66,356	$96.38	$6.4M	−155	−$1.2M
TKR, Timken	1.37%	Reduce −0.7%	59,290	$100.57	$6M	−396	+$941K
ILMN, Illumina	1.27%, was 1.40%	Reduce −3.8%	44,778	$123.26	$5.5M	−1,778	−$587K
COP, ConocoPhillips	1.26%	Reduce −1.1%	41,762	$132.00	$5.5M	−472	+$1.6M
CME, CME Group	1.25%	Reduce −1.7%	18,498	$295.35	$5.5M	−312	+$327K
MKTX, Marketaxess	1.19%	Add +3.4%	31,423	$164.98	$5.2M	+1,024	−$326K
WDAY, Workday	1.13%, was 0.85%	Add +119.9%	37,898	$129.92	$4.9M	+20,664	+$1.2M
ST, Sensata	1.04%, was 0.98%	Add +0.3%	128,294	$35.22	$4.5M	+329	+$259K
GNRC, Generac	1.02%	Reduce −1.1%	22,794	$195.33	$4.5M	−255	+$1.3M
VTOL, Bristow Group	1.00%, was 0.52%	Add +49.1%	92,927	$46.89	$4.4M	+30,599	+$2.1M
FDX, FedEx	0.99%	Reduce −1.4%	12,110	$356.18	$4.3M	−166	+$767K
VRSN, VeriSign	0.82%	Reduce −0.9%	14,348	$248.36	$3.6M	−126	+$47K
FTV, Fortive	0.80%, was 0.65%	Add +22.9%	63,238	$55.28	$3.5M	+11,799	+$656K
META, Meta Platforms	0.79%, was 0.92%	Reduce −0.7%	6,056	$572.17	$3.5M	−40	−$559K
TREX, TREX Inc	0.71%	New	84,871	$36.42	$3.1M	+84,871	+$3.1M
CRGY, Crescent Energy	0.70%, was 0.42%	Add +4.2%	227,213	$13.50	$3.1M	+9,060	+$1.2M
INTU, Intuit	0.68%	New	6,869	$432.38	$3M	+6,869	+$3M
MCO, Moody's	0.59%, was 0.69%	Reduce −1.3%	5,850	$436.27	$2.6M	−77	−$476K
BAC, Bank of America	0.58%, was 0.74%	Reduce −12.3%	51,725	$48.75	$2.5M	−7,239	−$721K
UPS	0.57%	Reduce 0.0%	25,193	$98.38	$2.5M	−12	−$22K
BAM, Brookfield Asset Management	0.43%, was 0.34%	Add +49.6%	42,080	$44.45	$1.9M	+13,949	+$397K
CTRA, Coterra Energy	0.40%	Reduce −1.9%	49,090	$35.14	$1.7M	−944	+$408K
DVN, Devon Energy	0.33%	Reduce −1.0%	28,973	$50.32	$1.5M	−286	+$386K
GDXJ, Vaneck ETF Trust	0.28%	Hold	10,353	$120.04	$1.2M	—	—
NTRS, Northern Trust	0.28%, was 0.19%	Add +10.5%	42,343	$29.23	$1.2M	+4,038	+$415K
OVV, Ovintiv	0.26%	Reduce −2.2%	19,300	$59.36	$1.1M	−442	+$372K
LBRT, Liberty Energy	0.25%	Hold	38,141	$28.80	$1.1M	—	—
CVX, Chevron	0.24%, was 0.16%	Add +13.8%	5,115	$206.90	$1.1M	+619	+$373K
AEM, Agnico Eagle Mines	0.22%	Reduce −0.7%	4,762	$202.98	$967K	−35	+$153K
PSLV, Sprott Asset Management	0.21%, was 0.20%	Add +0.5%	38,019	$24.39	$927K	+200	+$33K
RSP	0.21%	Reduce −1.9%	4,732	$191.90	$908K	−93	−$16K
ERO, Ero Copper	0.21%	Hold	33,593	$26.67	$896K	—	—
VIG, Vanguard Specialized Funds	0.20%	Add +4.6%	4,062	$215.06	$874K	+177	+$20K
VTI, Vanguard Index Funds	0.19%	Add +2.2%	2,639	$320.84	$847K	+57	−$19K
SEI, Solaris Energy Infras	0.19%	Reduce −3.9%	14,868	$56.51	$840K	−597	+$129K
XLE, Select Sector SPDR Trust	0.19%	Reduce −2.7%	13,480	$61.26	$826K	−370	+$207K
MA, Mastercard	0.18%, was 0.21%	Reduce −0.3%	1,588	$499.66	$793K	−4	−$115K
BTE, Baytex Energy	0.17%	Reduce −8.1%	166,027	$4.47	$742K	−14,544	+$159K
FNDF, Schwab Strategic Trust	0.16%	Reduce −2.3%	14,694	$48.93	$719K	−339	+$39K
VEA, Vanguard Tax-Managed Funds	0.16%	Reduce −2.3%	10,646	$64.08	$682K	−249	+$2K
VOO, Vanguard S&P 500 ETF	0.15%, was 0.14%	Add +18.3%	1,127	$597.57	$673K	+174	+$76K
MOAT, Vaneck ETF Trust	0.15%, was 0.16%	Reduce −4.0%	6,629	$96.70	$641K	−277	−$74K
SU, Suncor Energy	0.14%	Reduce −0.6%	9,116	$66.11	$603K	−52	+$196K
VYM, Vanguard Whitehall Funds	0.12%, was 0.09%	Add +27.7%	3,647	$148.10	$540K	+790	+$130K
XOP, SPDR Series Trust	0.12%	Reduce −16.4%	2,918	$181.83	$531K	−574	+$90K
TXN, Texas Instruments	0.10%, was 0.20%	Reduce −57.9%	2,158	$194.14	$419K	−2,967	−$470K
AMZN, Amazon	0.09%, was 0.08%	Add +18.6%	1,807	$208.27	$376K	+284	+$25K
VYMI, Vanguard Whitehall Funds	0.09%	Reduce −2.8%	3,960	$94.24	$373K	−114	+$7K
EG, Everest Group	0.08%, was 0.10%	Reduce −12.7%	1,082	$326.85	$354K	−158	−$67K
SPSM, SPDR Series Trust	0.08%	Reduce −0.7%	7,242	$48.32	$350K	−50	+$8K
AR, Antero Resources	0.08%	Hold	7,970	$42.44	$338K	—	—
T, AT&T	0.08%	Reduce −0.4%	11,454	$28.99	$332K	−41	+$47K
HL, Hecla Mining	0.07%	Hold	17,000	$18.63	$317K	—	—
URA, Global X Funds	0.07%, was 0.06%	Add 0.0%	6,114	$48.43	$296K	+1	+$35K
AZZ	0.07%, was 0.13%	Reduce −56.6%	2,351	$125.13	$294K	−3,063	−$286K
RRC, Range Resources	0.07%	Reduce −0.7%	6,387	$45.18	$289K	−47	+$62K
CEF, Sprott Asset Management	0.07%	Reduce −2.3%	5,986	$47.72	$286K	−140	+$5K
TALO, Talos Energy	0.06%, was 0.07%	Reduce −32.2%	17,895	$15.76	$282K	−8,512	−$9K
NVDA, Nvidia	0.06%	New	1,560	$174.40	$272K	+1,560	+$272K
STT, State Street	0.06%, was 0.13%	Reduce −50.9%	569	$463.19	$264K	−591	−$294K
AAPL, Apple	0.05%	New	904	$253.69	$229K	+904	+$229K
CW, Curtiss Wright	0.05%	New	327	$681.12	$223K	+327	+$223K
GE, GE Aerospace	0.05%	New	784	$283.77	$222K	+784	+$222K
SM, SM Energy	0.05%	New	7,003	$31.18	$218K	+7,003	+$218K
RIG, Transocean	0.04%	Hold	27,743	$6.63	$184K	—	—
GDX, Vaneck ETF Trust	0.03%	Hold	1,590	$91.77	$146K	—	—
VHT, Vanguard World Fund	0.03%	New	489	$272.34	$133K	+489	+$133K
FNDE, Schwab Strategic Trust	0.02%, was 0.04%	Reduce −37.8%	2,649	$38.26	$101K	−1,609	−$52K
REI, Ring Energy	0.02%	Reduce −8.1%	53,191	$1.53	$81K	−4,693	+$31K
IVV, iShares Core S&P 500 ETF	0.02%, was 0.16%	Reduce −88.5%	116	$654.73	$76K	−892	−$614K
GOOGL, Alphabet Class A	0.01%	Add +319.6%	214	$287.06	$61K	+163	+$45K
IWF, iShares Trust	0.01%, was 0.07%	Reduce −79.3%	141	$426.40	$60K	−540	−$262K
SCHD, Schwab Strategic Trust	0.01%	Hold	1,899	$30.68	$58K	—	—
IWB, iShares Trust	0.01%, was 0.14%	Reduce −90.1%	161	$356.56	$57K	−1,461	−$548K
IWS, iShares Trust	0.01%, was 0.03%	Reduce −59.7%	368	$145.74	$54K	−545	−$75K
IWD, iShares Trust	0.01%, was 0.06%	Reduce −80.3%	247	$213.67	$53K	−1,009	−$211K
VGT, Vanguard World Fund	0.01%	New	75	$697.72	$52K	+75	+$52K
ILF, iShares Trust	0.01%	Hold	1,300	$35.52	$46K	—	—
VPU, Vanguard World Fund	0.01%	New	162	$198.14	$32K	+162	+$32K
NLR, Vaneck ETF Trust	0.01%	Hold	216	$133.19	$29K	—	—
VV, Vanguard Index Funds	0.01%	Hold	86	$298.85	$26K	—	—
VIGI, Vanguard Whitehall Funds	0.01%	New	268	$88.46	$24K	+268	+$24K
EU, Encore Energy	0.00%	Hold	10,000	$1.80	$18K	—	—
SIL, Global X Funds	0.00%	Hold	175	$90.08	$16K	—	—
IVW, iShares Trust	0.00%	Reduce −10.0%	135	$113.11	$15K	−15	−$3K
VTV, Vanguard Index Funds	0.00%	Reduce −52.2%	54	$196.20	$11K	−59	−$11K
VUG, Vanguard Index Funds	0.00%	Reduce −37.1%	22	$436.77	$10K	−13	−$7K
IVZ, Invesco	0.00%	Hold	150	$59.74	$9K	—	—
VBR, Vanguard Index Funds	0.00%, was 0.01%	Reduce −77.2%	34	$217.24	$7K	−115	−$24K
IJH, iShares Trust	0.00%, was 0.05%	Reduce −96.5%	107	$67.53	$7K	−2,915	−$192K
XLF, Select Sector SPDR Trust	0.00%	Hold	133	$49.53	$7K	—	—
IJK, iShares Trust	0.00%	Reduce −35.9%	41	$100.61	$4K	−23	−$2K
XES, SPDR Series Trust	0.00%	Reduce −45.2%	34	$116.32	$4K	−28	−$1K
IVE, iShares Trust	0.00%	Reduce −5.3%	18	$211.17	$4K	−1	$—
IJR, iShares Trust	0.00%, was 0.01%	Reduce −86.6%	26	$122.38	$3K	−168	−$20K
IJS, iShares Trust	0.00%, was 0.04%	Reduce −98.3%	26	$118.46	$3K	−1,497	−$170K
IWN, iShares Trust	0.00%	Hold	15	$189.60	$3K	—	—
IJT, iShares Trust	0.00%	Hold	17	$144.71	$2K	—	—
VNQ, Vanguard Index Funds	0.00%	Reduce −80.0%	25	$88.68	$2K	−100	−$9K
MORT, Vaneck ETF Trust	0.00%	Reduce −41.7%	140	$10.26	$1K	−100	−$1K
VB, Vanguard Index Funds	0.00%	Hold	5	$262.00	$1K	—	—
XLK, Select Sector SPDR Trust	0.00%	Hold	4	$133.00	$532	—	—

Showing top 50 of 130 by value

Exits / last held

Gone since 2025 Q4, shown at their last reported size.

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
KW, Kennedy-Wilson	1.98%	Exit	$9.67	$8.7M	−894,821	−$8.7M
IWR, iShares Trust	0.04%	Exit	$96.45	$174K	−1,804	−$174K
iShares Trust	0.01%	Exit	$38.03	$27K	−710	−$27K
Global X Funds	—	Exit	$18.46	$6K	−325	−$6K
IJJ, iShares Trust	—	Exit	$166.67	$2K	−12	−$2K
IWM, iShares Russell 2000 ETF	—	Exit	$200.00	$1K	−5	−$1K
EFA, iShares Trust	—	Exit	—	—	−3	$—

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