Van Den Berg Management I, Inc.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Van Den Berg Management I, Inc. reported 120 stock positions worth $473.3 million. Its top holding was Dell Technologies -C (DELL) at 5.7% of the portfolio, followed by Sprott Physical Gold Trust (PHYS, 5.3%) and Intel (INTC, 4.2%). Compared with Q1 2026, it opened 6 new positions, sold out of 19, added to 29 and reduced 60. The biggest buy was a new position in Amphenol Class A (APH) and the biggest sale Exxon Mobil (XOM, shares −6%).

Most Recent 13F
Q2 2026
Location
AUSTIN, TX
CIK
0001142062
Portfolio Value
$473.3M (Q2 2026)
SEC Filing
0001398344-26-014492 ↗ filed Aug 14, 2026

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 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 $473.3M Q2 2026

Holdings 120 stocks · $473.3M
DELL Dell Technologies -C 5.68% 62,293 $26.9M Reduce -20.4%
PHYS Sprott Physical Gold Trust 5.29% 829,987 $25.0M Reduce -0.6%
INTC Intel Corp. 4.18% 141,569 $19.8M Reduce -43.3%
LUMN Lumen Technologies Inc. 3.87% 2,383,170 $18.3M Reduce -1.8%
XOM Exxon Mobil Corp. 3.65% 126,367 $17.3M Reduce -6.3%
SA Seabridge Gold Inc. 3.52% 647,986 $16.7M Reduce -1.5%
COHR Coherent Corp. 3.50% 42,046 $16.6M Reduce -34.9%
GOOG Alphabet Inc. Class C 3.37% 45,086 $15.9M Reduce -2.9%
FANG Diamondback Energy Inc. 3.02% 81,302 $14.3M Reduce -2.0%
EQT Eqt Corp. 2.50% 222,416 $11.8M Reduce -1.6%
UNH Unitedhealth Group Inc. 2.43% 27,680 $11.5M Reduce -4.2%
QCOM Qualcomm Inc. 2.43% 62,213 $11.5M Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 2.38% 22,466 $11.2M Reduce -4.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.36% 39,723 $11.2M Add +7.5%
ELV Elevance Health Inc. 2.25% 27,514 $10.6M Reduce -2.1%
MSFT Microsoft Corp. 2.19% 27,758 $10.4M Add +0.9%
BN Brookfield Corp. 2.08% 231,334 $9.9M Reduce -2.3%
PR Permian Resources Corp. Class A 1.97% 506,641 $9.3M Reduce -2.0%
SWK Stanley Black & Decker Inc. 1.92% 96,652 $9.1M Add +4.8%
CI The Cigna Group 1.82% 31,263 $8.6M Add +0.5%
DHR Danaher Corp. 1.73% 43,029 $8.2M Add +18.8%
TKR Timken Co. 1.72% 56,168 $8.2M Reduce -5.3%
CMCO Columbus McKinnon Corp. 1.71% 534,610 $8.1M Add +11.8%
VNT Vontier Corp. 1.70% 276,939 $8.0M Add +24.6%
ACGL Arch Capital Group Ltd. 1.67% 81,619 $7.9M Add +0.7%
SLB SLB Ltd. filed as SLB LIMITED 1.65% 167,511 $7.8M Reduce -3.1%
ILMN Illumina Inc. 1.62% 43,610 $7.7M Reduce -2.6%
SW Smurfit Westrock PLC 1.53% 156,841 $7.3M Reduce -2.5%
TMO Thermo Fisher Scientific Inc. 1.51% 14,289 $7.2M Add +1.0%
GNRC Generac Holdings Inc. 1.38% 22,318 $6.5M Reduce -2.1%
INTU Intuit Inc. 1.38% 25,020 $6.5M Add +264.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.37% 67,131 $6.5M Add +1.2%
ST Sensata Technologies Holdplc 1.27% 125,840 $6.0M Reduce -1.9%
WDAY Workday Inc. Class A 1.26% 48,837 $6.0M Add +28.9%
CRK Comstock Resources Inc. 1.26% 399,068 $6.0M Add +0.8%
MKTX Marketaxess Holdings Inc. 1.25% 52,054 $5.9M Add +65.7%
FTV Fortive Corp. 1.04% 80,408 $4.9M Add +27.1%
CME Cme Group Inc. 1.03% 22,089 $4.9M Add +19.4%
VTOL Bristow Group Inc. 0.95% 108,398 $4.5M Add +16.6%
TREX Trex Company Inc. filed as TREX INC 0.91% 86,107 $4.3M Add +1.5%
APH Amphenol Corp. Class A 0.81% 21,645 $3.8M New
FDX FedEx Corp. 0.78% 11,836 $3.7M Reduce -2.3%
VRSN Verisign Inc. 0.75% 14,120 $3.6M Reduce -1.6%
META Meta Platforms Inc. Class A 0.70% 5,918 $3.3M Reduce -2.3%
BAC Bank of America Corp. 0.61% 50,610 $2.9M Reduce -2.2%
BAM Brookfield Asset Mgmt-A 0.59% 62,424 $2.8M Add +48.4%
UPS United Parcel Service Class B 0.58% 25,554 $2.7M Add +1.4%
DVN Devon Energy Corp. 0.55% 62,891 $2.6M Add +117.1%
MCO Moody's Corp. 0.55% 5,707 $2.6M Reduce -2.4%
COP Conocophillips 0.54% 24,761 $2.6M Reduce -40.7%
CRGY Crescent Energy Inc. Class A 0.47% 228,438 $2.2M Add +0.5%
RSP Invesco S&P 500 Equal Weight 0.22% 4,792 $1.0M Add +1.3%
LBRT Liberty Energy Inc. 0.21% 38,016 $996K Reduce -0.3%
OVV Ovintiv Inc. 0.21% 18,533 $976K Reduce -4.0%
VIG Vanguard Dividend Apprec ETF 0.21% 4,115 $974K Add +1.3%
GDXJ Vaneck Junior Gold Miners 0.20% 9,672 $950K Reduce -6.6%
VTI VG Morningstar TS MKT ETF-US 0.19% 2,441 $903K Reduce -7.5%
ERO Ero Copper Corp. 0.19% 33,393 $893K Reduce -0.6%
MA Mastercard Inc. Class A 0.17% 1,553 $798K Reduce -2.2%
NOG Northern Oil and Gas Inc. 0.16% 42,782 $776K Add +1.0%
CVX Chevron Corp. 0.16% 4,592 $761K Reduce -10.2%
AEM Agnico Eagle Mines Ltd. 0.16% 4,762 $739K No change
FNDF Schwab Fndmn Intl LRG Co. ETF 0.15% 13,849 $731K Reduce -5.8%
VEA Vanguard Ftse Developed ETF 0.15% 10,157 $724K Reduce -4.6%
PSLV Sprott Physical Silver Trust 0.15% 38,019 $717K No change
XLE SS Energy Select Sector 0.15% 13,125 $697K Reduce -2.6%
BTE Baytex Energy Corp. 0.14% 164,777 $659K Reduce -0.8%
MOAT Vaneck Morningstar Wide Moat 0.14% 6,181 $643K Reduce -6.8%
VOO Vanguard S&P 500 ETF 0.13% 872 $599K Reduce -22.6%
VYM Vanguard High DVD Yield ETF 0.12% 3,537 $559K Reduce -3.0%
SU Suncor Energy Inc. 0.10% 9,103 $489K Reduce -0.1%
XOP SS SPDR S&P Og Exp & Prod 0.09% 2,816 $434K Reduce -3.5%
AMZN Amazon.com Inc. 0.09% 1,807 $431K No change
SPSM SS SPDR P S&P 600 Small Cap 0.08% 6,968 $402K Reduce -3.8%
VYMI Vanguard Int High DVD YLD Inc. 0.08% 4,015 $394K Add +1.4%
TXN Texas Instruments Inc. 0.08% 1,294 $386K Reduce -40.0%
NVDA Nvidia Corp. 0.06% 1,485 $297K Reduce -4.8%
EG Everest Group Ltd. 0.06% 822 $294K Reduce -24.0%
GE General Electric filed as GE AEROSPACE 0.06% 780 $292K Reduce -0.5%
AR Antero Resources Corp. 0.06% 7,647 $269K Reduce -4.0%
HL Hecla Mining Co. 0.06% 17,000 $262K No change
AAPL Apple Inc. 0.06% 904 $261K No change
CW Curtiss-Wright Corp. 0.05% 327 $248K No change
CEF Sprott Physical Gold and Sil 0.05% 5,948 $239K Reduce -0.6%
RRC Range Resources Corp. 0.05% 6,387 $238K No change
T AT&T Inc. 0.05% 11,394 $236K Reduce -0.5%
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.05% 444 $232K Reduce -22.0%
TALO Talos Energy Inc. 0.05% 17,895 $231K No change
GEV GE Vernova Inc. 0.05% 193 $227K New
URA Global X Uranium ETF 0.05% 5,038 $220K Reduce -17.6%
VHT Vanguard Health Care ETF 0.03% 481 $144K Reduce -1.6%
GDX Vaneck Gold Miners ETF 0.03% 1,590 $120K No change
WEAT Teucrium Wheat Fund 0.02% 4,900 $108K New
FNDE Schwab Fndmntl Em MRK Eq ETF 0.02% 2,617 $104K Reduce -1.2%
RIG Transocean Ltd. 0.02% 18,265 $89K Reduce -34.2%
GOOGL Alphabet Inc. Class A 0.02% 214 $76K No change
VGT Vanguard Info Tech ETF 0.02% 600 $72K No change
REI Ring Energy Inc. 0.01% 64,391 $70K Add +21.1%
CORN Teucrium Corn Fund 0.01% 4,000 $67K New
SCHD Schwab US DVD Equity ETF 0.01% 1,899 $60K No change
TAGS Teucrium Agricultural Fund 0.01% 2,000 $48K New
VIGI Vanguard Int Div App Indx FD 0.01% 436 $41K Add +62.7%
VPU Vanguard Utilities ETF 0.01% 162 $32K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.01% 79 $27K Reduce -8.1%
COPX Global X Copper Miners ETF 0.00% 274 $21K No change
NAK Northern Dynasty Minerals 0.00% 10,000 $19K No change
SCHC Schwab Intl Small-Cap Equity 0.00% 300 $14K New
SIL Global X Silver Miners ETF 0.00% 175 $14K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.00% 132 $11K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.00% 47 $10K Reduce -13.0%
DJD Invesco Dow Jones Industrial 0.00% 150 $10K No change
NLR Vaneck Urani & Nuclr ETF-Usd 0.00% 70 $8K Reduce -67.6%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.00% 30 $7K Reduce -11.8%
XLF SS Financial Select Sector 0.00% 133 $7K No change
SCHH Schwab US REIT ETF 0.00% 172 $4K No change
XES SS SPDR S&P Og Eqp & Serv 0.00% 34 $4K No change
VNQ Vanguard Real Estate ETF 0.00% 25 $2K No change
VB Vanguard Most SM-Cap ETF-Usd 0.00% 5 $2K No change
MORT Vaneck Mortgage REIT Income 0.00% 140 $1K No change
XLK SS Technology Select Sector 0.00% 4 $762 No change

Portfolio Sells Q1 2026 → Q2 2026
XOM Exxon Mobil Corp. Reduce -6.3% 3.65% −1.60
PHYS Sprott Physical Gold Trust Reduce -0.6% 5.29% −1.49
EQT Eqt Corp. Reduce -1.6% 2.50% −0.80
SA Seabridge Gold Inc. Reduce -1.5% 3.52% −0.75
FANG Diamondback Energy Inc. Reduce -2.0% 3.02% −0.74
COP Conocophillips Reduce -40.7% 0.54% −0.72
PR Permian Resources Corp. Class A Reduce -2.0% 1.97% −0.56
CTRA Coterra Energy Inc. Sold out 0.00% −0.40
SLB SLB Ltd. Reduce -3.1% 1.65% −0.39
FDX FedEx Corp. Reduce -2.3% 0.78% −0.21
BRK.B Berkshire Hathaway Inc. Class B Reduce -4.3% 2.38% −0.20
SEI Solaris Energy Infrastructur Sold out 0.00% −0.19
BN Brookfield Corp. Reduce -2.3% 2.08% −0.11
META Meta Platforms Inc. Class A Reduce -2.3% 0.70% −0.09
GDXJ Vaneck Junior Gold Miners Reduce -6.6% 0.20% −0.08
CVX Chevron Corp. Reduce -10.2% 0.16% −0.08
AZZ Azz Inc. Sold out 0.00% −0.07
VRSN Verisign Inc. Reduce -1.6% 0.75% −0.07
OVV Ovintiv Inc. Reduce -4.0% 0.21% −0.06
SM SM Energy Co. Sold out 0.00% −0.05
XLE SS Energy Select Sector Reduce -2.6% 0.15% −0.04
LBRT Liberty Energy Inc. Reduce -0.3% 0.21% −0.04
MCO Moody's Corp. Reduce -2.4% 0.55% −0.04
SU Suncor Energy Inc. Reduce -0.1% 0.10% −0.03
BTE Baytex Energy Corp. Reduce -0.8% 0.14% −0.03
XOP SS SPDR S&P Og Exp & Prod Reduce -3.5% 0.09% −0.03
VOO Vanguard S&P 500 ETF Reduce -22.6% 0.13% −0.03
T AT&T Inc. Reduce -0.5% 0.05% −0.03
RIG Transocean Ltd. Reduce -34.2% 0.02% −0.02
URA Global X Uranium ETF Reduce -17.6% 0.05% −0.02
AR Antero Resources Corp. Reduce -4.0% 0.06% −0.02
COHR Coherent Corp. Reduce -34.9% 3.50% −0.02
EG Everest Group Ltd. Reduce -24.0% 0.06% −0.02
IVV iShares Core S&P 500 ETF Sold out 0.00% −0.02
ERO Ero Copper Corp. Reduce -0.6% 0.19% −0.02
CEF Sprott Physical Gold and Sil Reduce -0.6% 0.05% −0.01
TXN Texas Instruments Inc. Reduce -40.0% 0.08% −0.01
IWF iShares Russell 1000 Growth Sold out 0.00% −0.01
MA Mastercard Inc. Class A Reduce -2.2% 0.17% −0.01
IWB iShares Russell 1000 ETF Sold out 0.00% −0.01
IWS iShares Russell Mid-Cap Valu Sold out 0.00% −0.01
IWD iShares Russell 1000 Value E Sold out 0.00% −0.01
DIA SS SPDR Dow Jones Indus Avg Reduce -22.0% 0.05% −0.01
MOAT Vaneck Morningstar Wide Moat Reduce -6.8% 0.14% −0.01
ILF iShares Latin America 40 ETF Sold out 0.00% −0.01
FNDF Schwab Fndmn Intl LRG Co. ETF Reduce -5.8% 0.15% −0.01
VYM Vanguard High DVD Yield ETF Reduce -3.0% 0.12% −0.01
NLR Vaneck Urani & Nuclr ETF-Usd Reduce -67.6% 0.00% −0.00
EU Encore Energy Corp. Sold out 0.00% −0.00
IVW iShares S&P 500 Growth ETF Sold out 0.00% −0.00

Portfolio Buys Q1 2026 → Q2 2026
APH Amphenol Corp. Class A New 0.81% +0.81
INTU Intuit Inc. Add +264.3% 1.38% +0.70
QCOM Qualcomm Inc. Add +0.1% 2.43% +0.59
SWK Stanley Black & Decker Inc. Add +4.8% 1.92% +0.42
IBM Intl Business Machines Corp. Add +7.5% 2.36% +0.31
FTV Fortive Corp. Add +27.1% 1.04% +0.24
DVN Devon Energy Corp. Add +117.1% 0.55% +0.21
TREX Trex Company Inc. Add +1.5% 0.91% +0.20
BAM Brookfield Asset Mgmt-A Add +48.4% 0.59% +0.16
DHR Danaher Corp. Add +18.8% 1.73% +0.16
WDAY Workday Inc. Class A Add +28.9% 1.26% +0.13
CMCO Columbus McKinnon Corp. Add +11.8% 1.71% +0.12
MKTX Marketaxess Holdings Inc. Add +65.7% 1.25% +0.06
GEV GE Vernova Inc. New 0.05% +0.05
WEAT Teucrium Wheat Fund New 0.02% +0.02
CORN Teucrium Corn Fund New 0.01% +0.01
UPS United Parcel Service Class B Add +1.4% 0.58% +0.01
TAGS Teucrium Agricultural Fund New 0.01% +0.01
RSP Invesco S&P 500 Equal Weight Add +1.3% 0.22% +0.01
VIG Vanguard Dividend Apprec ETF Add +1.3% 0.21% +0.01
VIGI Vanguard Int Div App Indx FD Add +62.7% 0.01% +0.00
SCHC Schwab Intl Small-Cap Equity New 0.00% +0.00
VYMI Vanguard Int High DVD YLD Inc. Add +1.4% 0.08% −0.00
REI Ring Energy Inc. Add +21.1% 0.01% −0.00
VTOL Bristow Group Inc. Add +16.6% 0.95% −0.05
TMO Thermo Fisher Scientific Inc. Add +1.0% 1.51% −0.08
CI The Cigna Group Add +0.5% 1.82% −0.08
DIS The Walt Disney Co. Add +1.2% 1.37% −0.10
VNT Vontier Corp. Add +24.6% 1.70% −0.11
ACGL Arch Capital Group Ltd. Add +0.7% 1.67% −0.11
NOG Northern Oil and Gas Inc. Add +1.0% 0.16% −0.12
MSFT Microsoft Corp. Add +0.9% 2.19% −0.15
CME Cme Group Inc. Add +19.4% 1.03% −0.22
CRGY Crescent Energy Inc. Class A Add +0.5% 0.47% −0.23
CRK Comstock Resources Inc. Add +0.8% 1.26% −0.66

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