Van Den Berg Management I, Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Van Den Berg Management I, Inc. reported 111 stock positions worth $341.0 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 7.0% of the portfolio, followed by Pioneer Natural Resources (PXD, 6.7%) and Diamondback Energy (FANG, 5.2%). Compared with Q4 2023, it opened 8 new positions, sold out of 2, added to 35 and reduced 42. The biggest buy was Columbus McKinnon (CMCO, shares +1009%) and the biggest sale an exit from Markel (MKL).

Most Recent 13F
Q2 2026
Location
AUSTIN, TX
CIK
0001142062
Portfolio Value
$341.0M (Q1 2024)
SEC Filing
0001398344-24-009619 ↗ filed May 15, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $341.0M $341.0M Q1 2024 Q2 2024: $337.0M Q2 2024 Q3 2024: $345.7M Q3 2024 Q4 2024: $347.0M Q4 2024 Q1 2025: $326.6M Q1 2025 Q2 2025: $351.8M Q2 2025 Q3 2025: $399.2M Q3 2025 Q4 2025: $436.5M Q4 2025 Q1 2026: $436.2M Q1 2026 Q2 2026: $473.3M Q2 2026

Holdings 111 stocks · $341.0M
BRK.B Berkshire Hathaway Inc. Class B 6.97% 56,504 $23.8M Reduce -5.9%
PXD Pioneer Natural Resources Co. 6.73% 87,479 $23.0M Reduce -0.6%
FANG Diamondback Energy Inc. 5.18% 89,136 $17.7M Reduce -1.6%
PHYS Sprott Physical Gold Trust 4.48% 883,884 $15.3M Add +24.1%
GOOG Alphabet Inc. Class C 4.22% 94,450 $14.4M Reduce -3.4%
VNT Vontier Corp. 3.42% 256,761 $11.6M Reduce -0.5%
COHR Coherent Corp. 3.28% 184,568 $11.2M Reduce -0.6%
SA Seabridge Gold Inc. 3.16% 712,608 $10.8M Add +6.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 3.16% 196,376 $10.8M Add +2.6%
QCOM Qualcomm Inc. 3.09% 62,198 $10.5M Add +0.4%
ATKR Atkore Inc. 3.08% 55,159 $10.5M Reduce -11.2%
WRK Westrock Co. 2.96% 204,005 $10.1M Reduce -1.3%
BN Brookfield Corp. 2.68% 218,144 $9.1M Add +0.3%
CRI Carter's Inc. 2.56% 103,197 $8.7M Add +4.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.50% 69,646 $8.5M Reduce -1.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.42% 43,247 $8.3M Add +1.7%
PR Permian Resources Corp. Class A 2.41% 464,977 $8.2M Reduce -1.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.17% 195,230 $7.4M Add +0.0%
EQT Eqt Corp. 1.97% 180,888 $6.7M Add +4.5%
ELV Elevance Health Inc. 1.79% 11,755 $6.1M Add +8.5%
META Meta Platforms Inc. Class A 1.73% 12,159 $5.9M Reduce -30.1%
MSFT Microsoft Corp. 1.60% 12,958 $5.5M Reduce -2.0%
COP Conocophillips 1.51% 40,549 $5.2M Reduce -2.1%
BAM Brookfield Asset Mgmt-A 1.40% 113,991 $4.8M Reduce -0.1%
DHR Danaher Corp. 1.38% 18,804 $4.7M Reduce -2.5%
VRSN Verisign Inc. 1.34% 24,193 $4.6M Add +8.3%
KW Kennedy-Wilson Holdings Inc. 1.31% 520,329 $4.5M Add +33.9%
CRK Comstock Resources Inc. 1.15% 421,415 $3.9M Add +4.3%
WDAY Workday Inc. Class A 1.15% 14,319 $3.9M Reduce -4.6%
SWK Stanley Black & Decker Inc. 1.06% 37,020 $3.6M Add +2.2%
BOOM DMC Global Inc. 1.04% 181,586 $3.5M Add +1.2%
CMCO Columbus McKinnon Corp. 0.96% 73,056 $3.3M Add +1009.4%
LUMN Lumen Technologies Inc. 0.88% 1,934,221 $3.0M Add +78.3%
ST Sensata Technologies Holdplc 0.87% 81,044 $3.0M Add +17.0%
UNH Unitedhealth Group Inc. 0.86% 5,914 $2.9M Add +117.5%
MCO Moody's Corp. 0.86% 7,430 $2.9M Reduce -1.1%
EG Everest Group Ltd. 0.83% 7,109 $2.8M New
CME Cme Group Inc. 0.73% 11,527 $2.5M New
ILMN Illumina Inc. 0.62% 15,492 $2.1M Add +0.1%
TMO Thermo Fisher Scientific Inc. 0.61% 3,565 $2.1M Reduce -0.8%
ACGL Arch Capital Group Ltd. 0.59% 21,826 $2.0M New
DVN Devon Energy Corp. 0.48% 32,938 $1.7M Add +0.9%
CTRA Coterra Energy Inc. 0.44% 53,924 $1.5M Reduce -0.2%
NOG Northern Oil and Gas Inc. 0.43% 37,090 $1.5M Add +3.4%
CI The Cigna Group 0.39% 3,683 $1.3M Add +26.2%
SBOW Silverbow Resources Inc. 0.39% 38,479 $1.3M Add +5.9%
RSP Invesco S&P 500 Equal Weight 0.35% 7,094 $1.2M Reduce -4.3%
OVV Ovintiv Inc. 0.33% 21,619 $1.1M Add +2.9%
TXN Texas Instruments Inc. 0.32% 6,295 $1.1M Reduce -0.1%
AZZ Azz Inc. 0.31% 13,595 $1.1M Add +12.4%
MOAT Vaneck Morningstar Wide Moat 0.31% 11,634 $1.0M Reduce -4.9%
VIG Vanguard Dividend Apprec ETF 0.30% 5,521 $1.0M Reduce -6.0%
XOP SS SPDR S&P Og Exp & Prod 0.29% 6,351 $984K Reduce -1.4%
VTI VG Morningstar TS MKT ETF-US 0.29% 3,769 $979K Reduce -3.1%
ERO Ero Copper Corp. 0.27% 48,535 $936K Reduce -1.1%
VTLE Vital Energy Inc. 0.27% 17,492 $919K Reduce -0.9%
MA Mastercard Inc. Class A 0.27% 1,887 $909K Reduce -2.2%
VEA Vanguard Ftse Developed ETF 0.27% 18,096 $908K Reduce -5.1%
BTE Baytex Energy Corp. 0.25% 236,778 $860K Add +8.3%
XLE SS Energy Select Sector 0.23% 8,440 $797K Reduce -7.4%
TRS Trimas Corp. 0.23% 28,974 $774K No change
CVX Chevron Corp. 0.22% 4,659 $735K Add +21.8%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.21% 20,532 $731K Reduce -1.5%
VOO Vanguard S&P 500 ETF 0.18% 1,253 $602K Reduce -2.3%
AAPL Apple Inc. 0.17% 3,396 $582K New
VYM Vanguard High DVD Yield ETF 0.15% 4,225 $511K Reduce -5.7%
SPSM SS SPDR P S&P 600 Small Cap 0.13% 10,459 $450K Reduce -4.0%
TALO Talos Energy Inc. 0.13% 30,947 $431K Add +18.6%
HAL Halliburton Co. 0.12% 10,290 $406K No change
SU Suncor Energy Inc. 0.11% 10,377 $383K Reduce -3.3%
VYMI Vanguard Int High DVD YLD Inc. 0.11% 5,307 $365K Reduce -5.5%
VRT Vertiv Holdings Co. Class A 0.10% 4,201 $343K Reduce -8.8%
SEI Solaris Energy Infrastructur 0.10% 37,386 $324K Reduce -3.6%
CPNG Coupang Inc. 0.09% 17,538 $312K New
URA Global X Uranium ETF 0.09% 10,678 $308K Reduce -1.7%
RRC Range Resources Corp. 0.09% 8,819 $304K Add +1.5%
AEM Agnico Eagle Mines Ltd. 0.08% 4,847 $289K No change
COR Cencora Inc. 0.08% 1,113 $271K Reduce -56.2%
AR Antero Resources Corp. 0.08% 9,263 $269K Add +1.9%
GDXJ Vaneck Junior Gold Miners 0.07% 6,547 $254K Add +324.3%
DO Diamond Offshore Drilling Inc. 0.07% 16,680 $228K No change
XOM Exxon Mobil Corp. 0.06% 1,875 $218K New
T AT&T Inc. 0.06% 11,920 $210K No change
PSLV Sprott Physical Silver Trust 0.05% 20,261 $168K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.05% 658 $158K No change
DIREXION DLY S&P 500 BEAR 3X 0.04% 16,360 $143K Add +32.4%
RIG Transocean Ltd. 0.04% 22,000 $138K No change
CRESCENT PT ENERGY CORP 0.03% 12,084 $99K New
HL Hecla Mining Co. 0.02% 17,000 $82K No change
FNDE Schwab Fndmntl Em MRK Eq ETF 0.02% 2,850 $79K Reduce -6.1%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.02% 369 $71K No change
REI Ring Energy Inc. 0.02% 33,299 $65K Add +9.5%
GDX Vaneck Gold Miners ETF 0.02% 1,670 $53K Reduce -9.5%
SCHD Schwab US DVD Equity ETF 0.01% 609 $49K No change
KGEI Kolibri Global Energy Inc. 0.01% 14,834 $46K Add +8.7%
PXE Invesco Energy Exploration 0.01% 1,000 $36K New
VNQ Vanguard Real Estate ETF 0.01% 220 $19K No change
QYLD Global X Nasd 100 Cov Call 0.00% 750 $13K No change
XLF SS Financial Select Sector 0.00% 318 $13K No change
PFFD Global X US Preferred ETF 0.00% 600 $12K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.00% 29 $10K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.00% 54 $9K No change
DJD Invesco Dow Jones Industrial 0.00% 150 $7K No change
MORT Vaneck Mortgage REIT Income 0.00% 585 $7K No change
EFAS Global X MSCI Superdividend 0.00% 325 $5K No change
XES SS SPDR S&P Og Eqp & Serv 0.00% 38 $4K No change
VB Vanguard Most SM-Cap ETF-Usd 0.00% 13 $3K No change
GOOGL Alphabet Inc. Class A 0.00% 20 $3K No change
MIMOQ Airspan Networks Holdings Inc. 0.00% 15,500 $2K No change
DTCR Global X Data Center & Digit 0.00% 100 $2K No change
SIL Global X Silver Miners ETF 0.00% 50 $1K No change

Portfolio Sells Q4 2023 → Q1 2024
MKL Markel Group Inc. Sold out 0.00% −3.75
POWL Powell Industries Inc. Sold out 0.00% −1.01
GOOG Alphabet Inc. Class C Reduce -3.4% 4.22% −0.36
META Meta Platforms Inc. Class A Reduce -30.1% 1.73% −0.31
WDAY Workday Inc. Class A Reduce -4.6% 1.15% −0.23
ATKR Atkore Inc. Reduce -11.2% 3.08% −0.22
BRK.B Berkshire Hathaway Inc. Class B Reduce -5.9% 6.97% −0.14
MCO Moody's Corp. Reduce -1.1% 0.86% −0.12
BAM Brookfield Asset Mgmt-A Reduce -0.1% 1.40% −0.12
DHR Danaher Corp. Reduce -2.5% 1.38% −0.10
COR Cencora Inc. Reduce -56.2% 0.08% −0.09
COP Conocophillips Reduce -2.1% 1.51% −0.08
MSFT Microsoft Corp. Reduce -2.0% 1.60% −0.05
MOAT Vaneck Morningstar Wide Moat Reduce -4.9% 0.31% −0.04
VEA Vanguard Ftse Developed ETF Reduce -5.1% 0.27% −0.04
VIG Vanguard Dividend Apprec ETF Reduce -6.0% 0.30% −0.04
RSP Invesco S&P 500 Equal Weight Reduce -4.3% 0.35% −0.04
TXN Texas Instruments Inc. Reduce -0.1% 0.32% −0.03
TMO Thermo Fisher Scientific Inc. Reduce -0.8% 0.61% −0.03
SPSM SS SPDR P S&P 600 Small Cap Reduce -4.0% 0.13% −0.02
XLE SS Energy Select Sector Reduce -7.4% 0.23% −0.02
FNDF Schwab Fndmn Intl LRG Co. ETF Reduce -1.5% 0.21% −0.02
VTI VG Morningstar TS MKT ETF-US Reduce -3.1% 0.29% −0.02
CTRA Coterra Energy Inc. Reduce -0.2% 0.44% −0.02
VYMI Vanguard Int High DVD YLD Inc. Reduce -5.5% 0.11% −0.02
VYM Vanguard High DVD Yield ETF Reduce -5.7% 0.15% −0.02
URA Global X Uranium ETF Reduce -1.7% 0.09% −0.01
VOO Vanguard S&P 500 ETF Reduce -2.3% 0.18% −0.01
SEI Solaris Energy Infrastructur Reduce -3.6% 0.10% −0.01
MA Mastercard Inc. Class A Reduce -2.2% 0.27% −0.01
XOP SS SPDR S&P Og Exp & Prod Reduce -1.4% 0.29% −0.00
FNDE Schwab Fndmntl Em MRK Eq ETF Reduce -6.1% 0.02% −0.00
GDX Vaneck Gold Miners ETF Reduce -9.5% 0.02% −0.00
SU Suncor Energy Inc. Reduce -3.3% 0.11% −0.00
VTLE Vital Energy Inc. Reduce -0.9% 0.27% +0.00
ERO Ero Copper Corp. Reduce -1.1% 0.27% +0.02
VRT Vertiv Holdings Co. Class A Reduce -8.8% 0.10% +0.03
WRK Westrock Co. Reduce -1.3% 2.96% +0.11
PXD Pioneer Natural Resources Co. Reduce -0.6% 6.73% +0.16
PR Permian Resources Corp. Class A Reduce -1.8% 2.41% +0.27
DIS The Walt Disney Co. Reduce -1.1% 2.50% +0.39
VNT Vontier Corp. Reduce -0.5% 3.42% +0.46
FANG Diamondback Energy Inc. Reduce -1.6% 5.18% +0.51
COHR Coherent Corp. Reduce -0.6% 3.28% +0.60

Portfolio Buys Q4 2023 → Q1 2024
CMCO Columbus McKinnon Corp. Add +1009.4% 0.96% +0.87
EG Everest Group Ltd. New 0.83% +0.83
CME Cme Group Inc. New 0.73% +0.73
PHYS Sprott Physical Gold Trust Add +24.1% 4.48% +0.72
ACGL Arch Capital Group Ltd. New 0.59% +0.59
SA Seabridge Gold Inc. Add +6.7% 3.16% +0.47
UNH Unitedhealth Group Inc. Add +117.5% 0.86% +0.38
LUMN Lumen Technologies Inc. Add +78.3% 0.88% +0.23
AAPL Apple Inc. New 0.17% +0.17
IBM Intl Business Machines Corp. Add +1.7% 2.42% +0.11
QCOM Qualcomm Inc. Add +0.4% 3.09% +0.11
CRI Carter's Inc. Add +4.7% 2.56% +0.11
CI The Cigna Group Add +26.2% 0.39% +0.10
ELV Elevance Health Inc. Add +8.5% 1.79% +0.09
CPNG Coupang Inc. New 0.09% +0.09
AZZ Azz Inc. Add +12.4% 0.31% +0.07
XOM Exxon Mobil Corp. New 0.06% +0.06
GDXJ Vaneck Junior Gold Miners Add +324.3% 0.07% +0.06
SBOW Silverbow Resources Inc. Add +5.9% 0.39% +0.03
CRESCENT PT ENERGY CORP New 0.03% +0.03
CVX Chevron Corp. Add +21.8% 0.22% +0.03
OVV Ovintiv Inc. Add +2.9% 0.33% +0.02
BTE Baytex Energy Corp. Add +8.3% 0.25% +0.01
PXE Invesco Energy Exploration New 0.01% +0.01
AR Antero Resources Corp. Add +1.9% 0.08% +0.01
ST Sensata Technologies Holdplc Add +17.0% 0.87% +0.01
REI Ring Energy Inc. Add +9.5% 0.02% +0.00
TALO Talos Energy Inc. Add +18.6% 0.13% +0.00
RRC Range Resources Corp. Add +1.5% 0.09% +0.00
KGEI Kolibri Global Energy Inc. Add +8.7% 0.01% −0.00
DIREXION DLY S&P 500 BEAR 3X Add +32.4% 0.04% −0.01
DVN Devon Energy Corp. Add +0.9% 0.48% −0.01
NOG Northern Oil and Gas Inc. Add +3.4% 0.43% −0.01
BAC Bank of America Corp. Add +0.0% 2.17% −0.01
CRK Comstock Resources Inc. Add +4.3% 1.15% −0.04
BOOM DMC Global Inc. Add +1.2% 1.04% −0.08
ILMN Illumina Inc. Add +0.1% 0.62% −0.09
SWK Stanley Black & Decker Inc. Add +2.2% 1.06% −0.12
SLB SLB Ltd. Add +2.6% 3.16% −0.15
VRSN Verisign Inc. Add +8.3% 1.34% −0.18
BN Brookfield Corp. Add +0.3% 2.68% −0.22
EQT Eqt Corp. Add +4.5% 1.97% −0.25
KW Kennedy-Wilson Holdings Inc. Add +33.9% 1.31% −0.29

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 120$473.3MDELL, PHYS, INTC, LUMN, XOM
Q1 2026 133$436.2MPHYS, XOM, SA, LUMN, FANG
Q4 2025 126$436.5MPHYS, COHR, SA, LUMN, GOOG
Q3 2025 106$399.2MPHYS, SA, XOM, GOOG, COHR
Q2 2025 110$351.8MPHYS, XOM, COHR, BRK.B, EQT
Q1 2025 102$326.6MPHYS, XOM, BRK.B, FANG, EQT
Q4 2024 109$347.0MBRK.B, XOM, PHYS, COHR, GOOG
Q3 2024 107$345.7MBRK.B, XOM, PHYS, LUMN, FANG
Q2 2024 108$337.0MBRK.B, XOM, FANG, PHYS, GOOG
Q1 2024 111$341.0MBRK.B, PXD, FANG, PHYS, GOOG