Van Den Berg Management I, Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Van Den Berg Management I, Inc. reported 107 stock positions worth $345.7 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 6.1% of the portfolio, followed by Exxon Mobil (XOM, 5.7%) and Sprott Physical Gold Trust (PHYS, 5.2%). Compared with Q2 2024, it opened 4 new positions, sold out of 5, added to 21 and reduced 61. The biggest buy was a new position in Smurfit Westrock (SW) and the biggest sale an exit from Westrock (WRK).

Most Recent 13F
Q2 2026
Location
AUSTIN, TX
CIK
0001142062
Portfolio Value
$345.7M (Q3 2024)
SEC Filing
0001398344-24-020734 ↗ filed Nov 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $341.0M Q1 2024 Q2 2024: $337.0M Q2 2024 Q3 2024: $345.7M $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 107 stocks · $345.7M
BRK.B Berkshire Hathaway Inc. Class B 6.13% 46,048 $21.2M Reduce -16.2%
XOM Exxon Mobil Corp. 5.75% 169,419 $19.9M Reduce -12.7%
PHYS Sprott Physical Gold Trust 5.20% 881,258 $18.0M Reduce -1.9%
LUMN Lumen Technologies Inc. 5.01% 2,438,626 $17.3M Reduce -3.3%
FANG Diamondback Energy Inc. 4.22% 84,604 $14.6M Reduce -1.7%
COHR Coherent Corp. 4.01% 155,836 $13.9M Reduce -8.7%
GOOG Alphabet Inc. Class C 3.68% 76,000 $12.7M Reduce -6.0%
SA Seabridge Gold Inc. 3.41% 701,280 $11.8M Reduce -1.2%
BN Brookfield Corp. 3.24% 210,487 $11.2M Reduce -2.7%
QCOM Qualcomm Inc. 2.80% 56,854 $9.7M Add +0.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.74% 42,810 $9.5M Reduce -2.8%
SW Smurfit Westrock PLC 2.64% 184,495 $9.1M New
CRI Carter's Inc. 2.60% 138,171 $9.0M Add +16.7%
EQT Eqt Corp. 2.55% 240,522 $8.8M Add +15.2%
CMCO Columbus McKinnon Corp. 2.38% 228,117 $8.2M Add +72.3%
VNT Vontier Corp. 2.37% 243,040 $8.2M Reduce -5.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 2.35% 193,410 $8.1M Reduce -1.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.95% 69,927 $6.7M Add +0.6%
META Meta Platforms Inc. Class A 1.94% 11,740 $6.7M Reduce -2.2%
PR Permian Resources Corp. Class A 1.77% 450,013 $6.1M Reduce -3.0%
ELV Elevance Health Inc. 1.75% 11,604 $6.0M Reduce -1.2%
KW Kennedy-Wilson Holdings Inc. 1.69% 527,769 $5.8M Reduce -0.8%
UNH Unitedhealth Group Inc. 1.61% 9,502 $5.6M Reduce -6.5%
MSFT Microsoft Corp. 1.61% 12,906 $5.6M Add +0.6%
EG Everest Group Ltd. 1.52% 13,422 $5.3M Add +11.6%
BAM Brookfield Asset Mgmt-A 1.51% 110,281 $5.2M Reduce -2.4%
DHR Danaher Corp. 1.46% 18,163 $5.0M Reduce -2.5%
CME Cme Group Inc. 1.34% 21,006 $4.6M Add +14.7%
CRK Comstock Resources Inc. 1.34% 415,893 $4.6M Reduce -1.2%
COP Conocophillips 1.28% 41,862 $4.4M Reduce -3.8%
WDAY Workday Inc. Class A 1.22% 17,321 $4.2M Reduce -2.2%
SWK Stanley Black & Decker Inc. 1.22% 38,144 $4.2M Add +3.8%
VRSN Verisign Inc. 1.05% 19,095 $3.6M Reduce -37.0%
ACGL Arch Capital Group Ltd. 1.04% 32,096 $3.6M Add +17.7%
ATKR Atkore Inc. 1.00% 40,883 $3.5M Reduce -25.3%
ILMN Illumina Inc. 0.92% 24,456 $3.2M Reduce -2.9%
MCO Moody's Corp. 0.89% 6,476 $3.1M Reduce -11.6%
ST Sensata Technologies Holdplc 0.86% 82,911 $3.0M Add +2.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.85% 73,618 $2.9M Reduce -61.9%
TMO Thermo Fisher Scientific Inc. 0.66% 3,681 $2.3M Add +4.2%
CI The Cigna Group 0.46% 4,599 $1.6M Add +11.1%
CRGY Crescent Energy Inc. Class A 0.38% 120,795 $1.3M New
TXN Texas Instruments Inc. 0.38% 6,293 $1.3M No change
NOG Northern Oil and Gas Inc. 0.37% 36,449 $1.3M Reduce -5.9%
DVN Devon Energy Corp. 0.37% 32,957 $1.3M Add +0.5%
CTRA Coterra Energy Inc. 0.36% 51,839 $1.2M Reduce -3.8%
AZZ Azz Inc. 0.32% 13,216 $1.1M Reduce -0.7%
VIG Vanguard Dividend Apprec ETF 0.29% 5,133 $1.0M Reduce -1.8%
VTOL Bristow Group Inc. 0.29% 29,163 $1.0M Add +85.1%
ERO Ero Copper Corp. 0.28% 43,735 $974K Reduce -9.9%
RSP Invesco S&P 500 Equal Weight 0.28% 5,349 $958K Reduce -22.4%
MA Mastercard Inc. Class A 0.26% 1,843 $910K Reduce -1.0%
VTLE Vital Energy Inc. 0.24% 30,697 $826K Add +70.5%
VTI VG Morningstar TS MKT ETF-US 0.24% 2,901 $821K Reduce -6.8%
BOOM DMC Global Inc. 0.23% 61,439 $797K Reduce -66.4%
MOAT Vaneck Morningstar Wide Moat 0.23% 8,121 $787K Reduce -25.3%
OVV Ovintiv Inc. 0.23% 20,316 $778K Reduce -5.8%
XLE SS Energy Select Sector 0.21% 8,296 $728K Reduce -10.7%
VEA Vanguard Ftse Developed ETF 0.20% 13,345 $705K Reduce -19.9%
TRS Trimas Corp. 0.20% 27,073 $691K Reduce -6.6%
BTE Baytex Energy Corp. 0.18% 212,894 $632K Reduce -9.9%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.17% 16,008 $598K Reduce -6.2%
CVX Chevron Corp. 0.17% 4,018 $592K Reduce -13.7%
XOP SS SPDR S&P Og Exp & Prod 0.17% 4,455 $586K Reduce -20.3%
VOO Vanguard S&P 500 ETF 0.16% 1,058 $558K Reduce -15.2%
GDXJ Vaneck Junior Gold Miners 0.15% 10,357 $506K Add +58.2%
VYM Vanguard High DVD Yield ETF 0.13% 3,540 $454K Reduce -3.8%
SCHJ Schwab 1-5 YR Corp. BND ETF 0.13% 8,748 $434K New
PSLV Sprott Physical Silver Trust 0.12% 38,044 $398K Add +105.7%
AEM Agnico Eagle Mines Ltd. 0.11% 4,847 $390K No change
SPSM SS SPDR P S&P 600 Small Cap 0.11% 8,139 $370K Reduce -21.2%
SEI Solaris Energy Infrastructur 0.10% 27,240 $348K Reduce -27.2%
SU Suncor Energy Inc. 0.10% 9,360 $346K Reduce -4.5%
VYMI Vanguard Int High DVD YLD Inc. 0.09% 4,222 $310K No change
TALO Talos Energy Inc. 0.08% 28,282 $293K Reduce -8.0%
HAL Halliburton Co. 0.08% 9,810 $285K Reduce -4.7%
T AT&T Inc. 0.08% 11,920 $262K No change
GNRC Generac Holdings Inc. 0.07% 1,570 $249K No change
AR Antero Resources Corp. 0.07% 8,133 $233K Reduce -12.4%
URA Global X Uranium ETF 0.06% 7,206 $206K Reduce -32.7%
RRC Range Resources Corp. 0.06% 6,503 $200K Reduce -26.3%
HL Hecla Mining Co. 0.03% 17,000 $113K No change
RIG Transocean Ltd. 0.03% 25,155 $107K Add +14.3%
GDX Vaneck Gold Miners ETF 0.03% 2,670 $106K Add +23.0%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.03% 378 $100K Reduce -34.5%
VRN Veren Inc. 0.02% 13,726 $84K Add +12.9%
FNDE Schwab Fndmntl Em MRK Eq ETF 0.02% 2,500 $81K Reduce -11.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.02% 369 $74K No change
SCHD Schwab US DVD Equity ETF 0.01% 609 $51K No change
EU Encore Energy Corp. 0.01% 10,000 $40K New
REI Ring Energy Inc. 0.01% 23,746 $38K Reduce -21.3%
KGEI Kolibri Global Energy Inc. 0.01% 11,391 $36K Reduce -23.2%
PXE Invesco Energy Exploration 0.01% 900 $27K Reduce -40.0%
VNQ Vanguard Real Estate ETF 0.01% 220 $21K No change
QYLD Global X Nasd 100 Cov Call 0.00% 750 $14K No change
PFFD Global X US Preferred ETF 0.00% 600 $12K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.00% 29 $11K No change
XLF SS Financial Select Sector 0.00% 218 $10K Reduce -31.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.00% 54 $9K No change
DJD Invesco Dow Jones Industrial 0.00% 150 $8K No change

Show all 107 holdings

Portfolio Sells Q2 2024 → Q3 2024
WRK Westrock Co. Sold out 0.00% −2.99
BAC Bank of America Corp. Reduce -61.9% 0.85% −1.44
ATKR Atkore Inc. Reduce -25.3% 1.00% −1.19
FANG Diamondback Energy Inc. Reduce -1.7% 4.22% −0.89
XOM Exxon Mobil Corp. Reduce -12.7% 5.75% −0.88
GOOG Alphabet Inc. Class C Reduce -6.0% 3.68% −0.72
BOOM DMC Global Inc. Reduce -66.4% 0.23% −0.55
VRSN Verisign Inc. Reduce -37.0% 1.05% −0.55
VNT Vontier Corp. Reduce -5.2% 2.37% −0.54
BRK.B Berkshire Hathaway Inc. Class B Reduce -16.2% 6.13% −0.50
PR Permian Resources Corp. Class A Reduce -3.0% 1.77% −0.45
SBOW Silverbow Resources Inc. Sold out 0.00% −0.41
SLB SLB Ltd. Reduce -1.1% 2.35% −0.39
COP Conocophillips Reduce -3.8% 1.28% −0.20
ELV Elevance Health Inc. Reduce -1.2% 1.75% −0.14
DO Diamond Offshore Drilling Inc. Sold out 0.00% −0.08
OVV Ovintiv Inc. Reduce -5.8% 0.23% −0.07
COR Cencora Inc. Sold out 0.00% −0.07
XOP SS SPDR S&P Og Exp & Prod Reduce -20.3% 0.17% −0.07
CTRA Coterra Energy Inc. Reduce -3.8% 0.36% −0.07
BTE Baytex Energy Corp. Reduce -9.9% 0.18% −0.06
RSP Invesco S&P 500 Equal Weight Reduce -22.4% 0.28% −0.06
NOG Northern Oil and Gas Inc. Reduce -5.9% 0.37% −0.05
MOAT Vaneck Morningstar Wide Moat Reduce -25.3% 0.23% −0.05
CVX Chevron Corp. Reduce -13.7% 0.17% −0.04
XLE SS Energy Select Sector Reduce -10.7% 0.21% −0.04
VEA Vanguard Ftse Developed ETF Reduce -19.9% 0.20% −0.04
URA Global X Uranium ETF Reduce -32.7% 0.06% −0.03
RRC Range Resources Corp. Reduce -26.3% 0.06% −0.03
ERO Ero Copper Corp. Reduce -9.9% 0.28% −0.03
TALO Talos Energy Inc. Reduce -8.0% 0.08% −0.03
MCO Moody's Corp. Reduce -11.6% 0.89% −0.03
VOO Vanguard S&P 500 ETF Reduce -15.2% 0.16% −0.02
AR Antero Resources Corp. Reduce -12.4% 0.07% −0.02
HAL Halliburton Co. Reduce -4.7% 0.08% −0.02
SPSM SS SPDR P S&P 600 Small Cap Reduce -21.2% 0.11% −0.02
TRS Trimas Corp. Reduce -6.6% 0.20% −0.02
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -34.5% 0.03% −0.01
SU Suncor Energy Inc. Reduce -4.5% 0.10% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -6.8% 0.24% −0.01
PXE Invesco Energy Exploration Reduce -40.0% 0.01% −0.01
KGEI Kolibri Global Energy Inc. Reduce -23.2% 0.01% −0.01
FNDF Schwab Fndmn Intl LRG Co. ETF Reduce -6.2% 0.17% −0.00
REI Ring Energy Inc. Reduce -21.3% 0.01% −0.00
FNDE Schwab Fndmntl Em MRK Eq ETF Reduce -11.3% 0.02% −0.00
XLF SS Financial Select Sector Reduce -31.4% 0.00% −0.00
MIMOQ Airspan Networks Holdings Inc. Sold out 0.00% 0.00
VYM Vanguard High DVD Yield ETF Reduce -3.8% 0.13% +0.00
SEI Solaris Energy Infrastructur Reduce -27.2% 0.10% +0.01
AZZ Azz Inc. Reduce -0.7% 0.32% +0.01

Portfolio Buys Q2 2024 → Q3 2024
SW Smurfit Westrock PLC New 2.64% +2.64
CMCO Columbus McKinnon Corp. Add +72.3% 2.38% +1.02
CRI Carter's Inc. Add +16.7% 2.60% +0.42
CRGY Crescent Energy Inc. Class A New 0.38% +0.38
SWK Stanley Black & Decker Inc. Add +3.8% 1.22% +0.34
CME Cme Group Inc. Add +14.7% 1.34% +0.27
EQT Eqt Corp. Add +15.2% 2.55% +0.26
ACGL Arch Capital Group Ltd. Add +17.7% 1.04% +0.22
EG Everest Group Ltd. Add +11.6% 1.52% +0.16
VTOL Bristow Group Inc. Add +85.1% 0.29% +0.14
SCHJ Schwab 1-5 YR Corp. BND ETF New 0.13% +0.13
TMO Thermo Fisher Scientific Inc. Add +4.2% 0.66% +0.08
GDXJ Vaneck Junior Gold Miners Add +58.2% 0.15% +0.06
PSLV Sprott Physical Silver Trust Add +105.7% 0.12% +0.06
CI The Cigna Group Add +11.1% 0.46% +0.05
EU Encore Energy Corp. New 0.01% +0.01
GDX Vaneck Gold Miners ETF Add +23.0% 0.03% +0.01
VTLE Vital Energy Inc. Add +70.5% 0.24% −0.00
VRN Veren Inc. Add +12.9% 0.02% −0.00
RIG Transocean Ltd. Add +14.3% 0.03% −0.00
ST Sensata Technologies Holdplc Add +2.6% 0.86% −0.04
DVN Devon Energy Corp. Add +0.5% 0.37% −0.09
MSFT Microsoft Corp. Add +0.6% 1.61% −0.09
DIS The Walt Disney Co. Add +0.6% 1.95% −0.10
QCOM Qualcomm Inc. Add +0.2% 2.80% −0.56

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