Van Den Berg Management I, Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Van Den Berg Management I, Inc. reported 109 stock positions worth $347.0 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 5.8% of the portfolio, followed by Exxon Mobil (XOM, 5.2%) and Sprott Physical Gold Trust (PHYS, 5.1%). Compared with Q3 2024, it opened 5 new positions, sold out of 3, added to 28 and reduced 50. The biggest buy was a new position in Intel (INTC) and the biggest sale Seabridge Gold (SA, shares −11%).

Most Recent 13F
Q2 2026
Location
AUSTIN, TX
CIK
0001142062
Portfolio Value
$347.0M (Q4 2024)
SEC Filing
0001398344-25-002819 ↗ filed Feb 14, 2025

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 Q3 2024 Q4 2024: $347.0M $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 109 stocks · $347.0M
BRK.B Berkshire Hathaway Inc. Class B 5.77% 44,149 $20.0M Reduce -4.1%
XOM Exxon Mobil Corp. 5.19% 167,419 $18.0M Reduce -1.2%
PHYS Sprott Physical Gold Trust 5.14% 885,940 $17.8M Add +0.5%
COHR Coherent Corp. 4.24% 155,232 $14.7M Reduce -0.4%
GOOG Alphabet Inc. Class C 4.00% 72,906 $13.9M Reduce -4.1%
FANG Diamondback Energy Inc. 3.99% 84,480 $13.8M Reduce -0.1%
LUMN Lumen Technologies Inc. 3.72% 2,432,914 $12.9M Reduce -0.2%
BN Brookfield Corp. 3.47% 209,829 $12.1M Reduce -0.3%
EQT Eqt Corp. 3.19% 240,242 $11.1M Reduce -0.1%
SW Smurfit Westrock PLC 2.80% 180,629 $9.7M Reduce -2.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.71% 42,791 $9.4M Reduce -0.0%
QCOM Qualcomm Inc. 2.52% 56,958 $8.7M Add +0.2%
VNT Vontier Corp. 2.51% 238,697 $8.7M Reduce -1.8%
CMCO Columbus McKinnon Corp. 2.45% 228,162 $8.5M Add +0.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.23% 69,550 $7.7M Reduce -0.5%
CRK Comstock Resources Inc. 2.15% 409,634 $7.5M Reduce -1.5%
CRI Carter's Inc. 2.13% 136,340 $7.4M Reduce -1.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 2.10% 189,895 $7.3M Reduce -1.8%
SA Seabridge Gold Inc. 2.05% 624,774 $7.1M Reduce -10.9%
PR Permian Resources Corp. Class A 1.87% 451,253 $6.5M Add +0.3%
ELV Elevance Health Inc. 1.76% 16,598 $6.1M Add +43.0%
BAM Brookfield Asset Mgmt-A 1.72% 109,925 $6.0M Reduce -0.3%
MSFT Microsoft Corp. 1.63% 13,404 $5.6M Add +3.9%
META Meta Platforms Inc. Class A 1.47% 8,714 $5.1M Reduce -25.8%
KW Kennedy-Wilson Holdings Inc. 1.46% 508,176 $5.1M Reduce -3.7%
CME Cme Group Inc. 1.42% 21,185 $4.9M Add +0.8%
EG Everest Group Ltd. 1.41% 13,462 $4.9M Add +0.3%
UNH Unitedhealth Group Inc. 1.39% 9,528 $4.8M Add +0.3%
INTC Intel Corp. 1.39% 240,204 $4.8M New
TMO Thermo Fisher Scientific Inc. 1.29% 8,588 $4.5M Add +133.3%
WDAY Workday Inc. Class A 1.29% 17,286 $4.5M Reduce -0.2%
COP Conocophillips 1.20% 41,887 $4.2M Add +0.1%
ACGL Arch Capital Group Ltd. 1.18% 44,342 $4.1M Add +38.1%
DELL Dell Technologies -C 1.16% 34,805 $4.0M New
VRSN Verisign Inc. 1.13% 18,974 $3.9M Reduce -0.6%
DHR Danaher Corp. 1.13% 17,008 $3.9M Reduce -6.4%
CI The Cigna Group 1.04% 13,131 $3.6M Add +185.5%
ATKR Atkore Inc. 0.99% 41,041 $3.4M Add +0.4%
ILMN Illumina Inc. 0.94% 24,425 $3.3M Reduce -0.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.90% 70,954 $3.1M Reduce -3.6%
MCO Moody's Corp. 0.85% 6,264 $3.0M Reduce -3.3%
SWK Stanley Black & Decker Inc. 0.83% 35,780 $2.9M Reduce -6.2%
ST Sensata Technologies Holdplc 0.62% 78,500 $2.2M Reduce -5.3%
CRGY Crescent Energy Inc. Class A 0.51% 121,083 $1.8M Add +0.2%
NOG Northern Oil and Gas Inc. 0.40% 36,895 $1.4M Add +1.2%
CTRA Coterra Energy Inc. 0.38% 51,834 $1.3M Reduce -0.0%
TXN Texas Instruments Inc. 0.34% 6,293 $1.2M No change
DVN Devon Energy Corp. 0.32% 33,422 $1.1M Add +1.4%
AZZ Azz Inc. 0.31% 13,233 $1.1M Add +0.1%
VTOL Bristow Group Inc. 0.29% 29,206 $1.0M Add +0.1%
MA Mastercard Inc. Class A 0.28% 1,838 $968K Reduce -0.3%
VIG Vanguard Dividend Apprec ETF 0.27% 4,759 $932K Reduce -7.3%
VTLE Vital Energy Inc. 0.26% 29,285 $905K Reduce -4.6%
RSP Invesco S&P 500 Equal Weight 0.26% 5,150 $902K Reduce -3.7%
VTI VG Morningstar TS MKT ETF-US 0.24% 2,821 $818K Reduce -2.8%
OVV Ovintiv Inc. 0.24% 20,142 $816K Reduce -0.9%
SEI Solaris Energy Infrastructur 0.23% 27,200 $783K Reduce -0.1%
MOAT Vaneck Morningstar Wide Moat 0.21% 7,925 $735K Reduce -2.4%
XLE SS Energy Select Sector 0.21% 8,538 $731K Add +2.9%
VEA Vanguard Ftse Developed ETF 0.17% 12,584 $602K Reduce -5.7%
ERO Ero Copper Corp. 0.17% 43,735 $590K No change
CVX Chevron Corp. 0.17% 4,017 $582K Reduce -0.0%
TRS Trimas Corp. 0.17% 23,288 $573K Reduce -14.0%
VOO Vanguard S&P 500 ETF 0.16% 1,035 $558K Reduce -2.2%
XOP SS SPDR S&P Og Exp & Prod 0.16% 4,109 $544K Reduce -7.8%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.14% 15,011 $499K Reduce -6.2%
PSLV Sprott Physical Silver Trust 0.14% 48,554 $469K Add +27.6%
GDXJ Vaneck Junior Gold Miners 0.13% 10,390 $444K Add +0.3%
BTE Baytex Energy Corp. 0.13% 171,262 $442K Reduce -19.6%
VYM Vanguard High DVD Yield ETF 0.13% 3,416 $436K Reduce -3.5%
AEM Agnico Eagle Mines Ltd. 0.11% 4,847 $379K No change
SPSM SS SPDR P S&P 600 Small Cap 0.11% 8,147 $366K Add +0.1%
SU Suncor Energy Inc. 0.10% 9,360 $334K No change
VYMI Vanguard Int High DVD YLD Inc. 0.08% 4,222 $287K No change
AR Antero Resources Corp. 0.08% 8,133 $285K No change
T AT&T Inc. 0.08% 11,945 $272K Add +0.2%
TALO Talos Energy Inc. 0.08% 27,781 $270K Reduce -1.8%
GNRC Generac Holdings Inc. 0.07% 1,590 $247K Add +1.3%
RRC Range Resources Corp. 0.07% 6,499 $234K Reduce -0.1%
ALKT Alkami Technology Inc. 0.06% 6,088 $223K New
AAPL Apple Inc. 0.06% 837 $210K New
URA Global X Uranium ETF 0.06% 7,206 $193K No change
RIG Transocean Ltd. 0.03% 28,155 $106K Add +11.9%
HL Hecla Mining Co. 0.02% 17,000 $83K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.02% 369 $73K No change
VRN Veren Inc. 0.02% 13,826 $71K Add +0.7%
FNDE Schwab Fndmntl Em MRK Eq ETF 0.02% 2,370 $69K Reduce -5.2%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.02% 234 $63K Reduce -38.1%
KGEI Kolibri Global Energy Inc. 0.02% 11,391 $61K No change
GDX Vaneck Gold Miners ETF 0.02% 1,670 $57K Reduce -37.5%
SCHD Schwab US DVD Equity ETF 0.01% 1,827 $50K No change
EU Encore Energy Corp. 0.01% 10,000 $34K No change
REI Ring Energy Inc. 0.01% 23,601 $32K Reduce -0.6%
PXE Invesco Energy Exploration 0.01% 900 $27K No change
VNQ Vanguard Real Estate ETF 0.01% 220 $20K No change
QYLD Global X Nasd 100 Cov Call 0.00% 750 $14K No change
XLF SS Financial Select Sector 0.00% 268 $13K Add +22.9%
VUG Vanguard Mrngstar GR ETF-Sui 0.00% 29 $12K No change
PFFD Global X US Preferred ETF 0.00% 600 $12K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.00% 54 $9K No change

Show all 109 holdings

Portfolio Sells Q3 2024 → Q4 2024
SA Seabridge Gold Inc. Reduce -10.9% 2.05% −1.35
LUMN Lumen Technologies Inc. Reduce -0.2% 3.72% −1.29
XOM Exxon Mobil Corp. Reduce -1.2% 5.19% −0.56
META Meta Platforms Inc. Class A Reduce -25.8% 1.47% −0.47
CRI Carter's Inc. Reduce -1.3% 2.13% −0.47
SWK Stanley Black & Decker Inc. Reduce -6.2% 0.83% −0.39
BRK.B Berkshire Hathaway Inc. Class B Reduce -4.1% 5.77% −0.36
DHR Danaher Corp. Reduce -6.4% 1.13% −0.34
SLB SLB Ltd. Reduce -1.8% 2.10% −0.25
ST Sensata Technologies Holdplc Reduce -5.3% 0.62% −0.24
FANG Diamondback Energy Inc. Reduce -0.1% 3.99% −0.23
BOOM DMC Global Inc. Sold out 0.00% −0.23
KW Kennedy-Wilson Holdings Inc. Reduce -3.7% 1.46% −0.22
SCHJ Schwab 1-5 YR Corp. BND ETF Sold out 0.00% −0.13
HAL Halliburton Co. Sold out 0.00% −0.08
BTE Baytex Energy Corp. Reduce -19.6% 0.13% −0.06
TRS Trimas Corp. Reduce -14.0% 0.17% −0.03
MCO Moody's Corp. Reduce -3.3% 0.85% −0.03
VEA Vanguard Ftse Developed ETF Reduce -5.7% 0.17% −0.03
FNDF Schwab Fndmn Intl LRG Co. ETF Reduce -6.2% 0.14% −0.03
IBM Intl Business Machines Corp. Reduce -0.0% 2.71% −0.03
VIG Vanguard Dividend Apprec ETF Reduce -7.3% 0.27% −0.03
RSP Invesco S&P 500 Equal Weight Reduce -3.7% 0.26% −0.02
MOAT Vaneck Morningstar Wide Moat Reduce -2.4% 0.21% −0.02
GDX Vaneck Gold Miners ETF Reduce -37.5% 0.02% −0.01
XOP SS SPDR S&P Og Exp & Prod Reduce -7.8% 0.16% −0.01
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -38.1% 0.02% −0.01
TALO Talos Energy Inc. Reduce -1.8% 0.08% −0.01
VYM Vanguard High DVD Yield ETF Reduce -3.5% 0.13% −0.01
CVX Chevron Corp. Reduce -0.0% 0.17% −0.00
FNDE Schwab Fndmntl Em MRK Eq ETF Reduce -5.2% 0.02% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -2.8% 0.24% −0.00
REI Ring Energy Inc. Reduce -0.6% 0.01% −0.00
VOO Vanguard S&P 500 ETF Reduce -2.2% 0.16% −0.00
RRC Range Resources Corp. Reduce -0.1% 0.07% +0.01
OVV Ovintiv Inc. Reduce -0.9% 0.24% +0.01
MA Mastercard Inc. Class A Reduce -0.3% 0.28% +0.02
ILMN Illumina Inc. Reduce -0.1% 0.94% +0.02
VTLE Vital Energy Inc. Reduce -4.6% 0.26% +0.02
CTRA Coterra Energy Inc. Reduce -0.0% 0.38% +0.02
BAC Bank of America Corp. Reduce -3.6% 0.90% +0.05
WDAY Workday Inc. Class A Reduce -0.2% 1.29% +0.06
VRSN Verisign Inc. Reduce -0.6% 1.13% +0.08
SEI Solaris Energy Infrastructur Reduce -0.1% 0.23% +0.13
VNT Vontier Corp. Reduce -1.8% 2.51% +0.14
SW Smurfit Westrock PLC Reduce -2.1% 2.80% +0.17
BAM Brookfield Asset Mgmt-A Reduce -0.3% 1.72% +0.21
COHR Coherent Corp. Reduce -0.4% 4.24% +0.23
BN Brookfield Corp. Reduce -0.3% 3.47% +0.24
DIS The Walt Disney Co. Reduce -0.5% 2.23% +0.29

Portfolio Buys Q3 2024 → Q4 2024
INTC Intel Corp. New 1.39% +1.39
DELL Dell Technologies -C New 1.16% +1.16
TMO Thermo Fisher Scientific Inc. Add +133.3% 1.29% +0.63
CI The Cigna Group Add +185.5% 1.04% +0.58
ACGL Arch Capital Group Ltd. Add +38.1% 1.18% +0.14
CRGY Crescent Energy Inc. Class A Add +0.2% 0.51% +0.13
PR Permian Resources Corp. Class A Add +0.3% 1.87% +0.10
CME Cme Group Inc. Add +0.8% 1.42% +0.08
CMCO Columbus McKinnon Corp. Add +0.0% 2.45% +0.07
ALKT Alkami Technology Inc. New 0.06% +0.06
AAPL Apple Inc. New 0.06% +0.06
NOG Northern Oil and Gas Inc. Add +1.2% 0.40% +0.02
MSFT Microsoft Corp. Add +3.9% 1.63% +0.02
PSLV Sprott Physical Silver Trust Add +27.6% 0.14% +0.02
ELV Elevance Health Inc. Add +43.0% 1.76% +0.02
T AT&T Inc. Add +0.2% 0.08% +0.00
XLF SS Financial Select Sector Add +22.9% 0.00% +0.00
PFXF Vaneck Pref Sec X-Financials New 0.00% +0.00
XLE SS Energy Select Sector Add +2.9% 0.21% 0.00
RIG Transocean Ltd. Add +11.9% 0.03% −0.00
GNRC Generac Holdings Inc. Add +1.3% 0.07% −0.00
SPSM SS SPDR P S&P 600 Small Cap Add +0.1% 0.11% −0.00
AZZ Azz Inc. Add +0.1% 0.31% −0.00
VRN Veren Inc. Add +0.7% 0.02% −0.00
VTOL Bristow Group Inc. Add +0.1% 0.29% −0.00
ATKR Atkore Inc. Add +0.4% 0.99% −0.02
GDXJ Vaneck Junior Gold Miners Add +0.3% 0.13% −0.02
PHYS Sprott Physical Gold Trust Add +0.5% 5.14% −0.05
DVN Devon Energy Corp. Add +1.4% 0.32% −0.06
COP Conocophillips Add +0.1% 1.20% −0.08
EG Everest Group Ltd. Add +0.3% 1.41% −0.12
UNH Unitedhealth Group Inc. Add +0.3% 1.39% −0.22
QCOM Qualcomm Inc. Add +0.2% 2.52% −0.28

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