VAN DEN BERG MANAGEMENT I, INC
Long book
$436.2M
Q1 2026
Positions
133
Top-10 weight
39%
concentration
Last quarter
+11.5%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsVAN DEN BERG MANAGEMENT I, INC is a diversified fundamental manager, running a $436.2M US long book across 133 positions.
The portfolio is moderately concentrated (top 10 ≈ 39% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: SPROTT PHYSICAL GOLD TRUST, EXXON MOBIL CORP, SEABRIDGE GOLD INC, LUMEN TECHNOLOGIES INC, DIAMONDBACK ENERGY INC.
Over the last 9 quarters its long book ran on average 0pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.0%
Q2 2024
+8.4%
Q3 2024
-1.9%
Q4 2024
-2.6%
Q1 2025
+5.5%
Q2 2025
+8.8%
Q3 2025
+9.4%
Q4 2025
+4.4%
Q1 2026
+11.5%
Sector allocation
Technology 26%
Energy 25%
Financials 15%
Industrials 9%
Other 9%
Materials 5%
Communications 4%
Services media 2%
Long book by quarter
What does VAN DEN own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| XOM EXXON MOBIL CORP | Energy | 134.9K | $22.9M | 5.2% | -4.3% |
| SA SEABRIDGE GOLD INC | Materials | 658.0K | $18.6M | 4.3% | -7.0% |
| LUMN LUMEN TECHNOLOGIES INC | Communications | 2.4M | $16.9M | 3.9% | +1.4% |
| FANG DIAMONDBACK ENERGY INC | Energy | 83.0K | $16.4M | 3.8% | -2.0% |
| COHR COHERENT CORP | Other | 64.5K | $15.4M | 3.5% | -46.1% |
| EQT EQT CORP | Energy | 226.1K | $14.4M | 3.3% | -1.7% |
| GOOG ALPHABET INC-CL C | Technology | 46.4K | $13.3M | 3.1% | -19.6% |
| DELL DELL TECHNOLOGIES -C | Technology | 78.3K | $12.8M | 2.9% | +0.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 23.5K | $11.3M | 2.6% | -13.4% |
| INTC INTEL CORP | Technology | 249.8K | $11.0M | 2.5% | -3.2% |
| PR PERMIAN RESOURCES CORP-CL A | Energy | 516.9K | $11.0M | 2.5% | -0.5% |
| MSFT MICROSOFT CORP | Technology | 27.5K | $10.2M | 2.3% | +58.8% |
| BN BROOKFIELD CORP | Real estate | 236.7K | $9.6M | 2.2% | -20.4% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 36.9K | $9.0M | 2.1% | +0.2% |
| SLB SLB LTD | Energy | 172.9K | $8.9M | 2.0% | -3.5% |
| CRK COMSTOCK RESOURCES INC | Energy | 396.1K | $8.3M | 1.9% | -1.2% |
| CI THE CIGNA GROUP | Financials | 31.1K | $8.3M | 1.9% | +1.5% |
| ELV ELEVANCE HEALTH INC | Financials | 28.1K | $8.2M | 1.9% | +4.1% |
| QCOM QUALCOMM INC | Technology | 62.1K | $8.0M | 1.8% | +7.6% |
| VNT VONTIER CORP | Technology | 222.2K | $7.9M | 1.8% | -4.6% |
| UNH UNITEDHEALTH GROUP INC | Financials | 28.9K | $7.8M | 1.8% | +10.6% |
| ACGL ARCH CAPITAL GROUP LTD | Financials | 81.1K | $7.8M | 1.8% | +0.8% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 14.1K | $7.0M | 1.6% | +1.8% |
| CMCO COLUMBUS MCKINNON CORP/NY | Industrials | 478.3K | $7.0M | 1.6% | +26.2% |
| DHR DANAHER CORP | Technology | 36.2K | $6.9M | 1.6% | +1.2% |
| SWK STANLEY BLACK & DECKER INC | Industrials | 92.2K | $6.6M | 1.5% | +2.9% |
| SW SMURFIT WESTROCK PLC | Other | 160.9K | $6.4M | 1.5% | +3.1% |
| DIS WALT DISNEY CO/THE | Services media | 66.4K | $6.4M | 1.5% | -0.2% |
| TKR TIMKEN CO | Industrials | 59.3K | $6.0M | 1.4% | -0.7% |
| ILMN ILLUMINA INC | Healthcare | 44.8K | $5.5M | 1.3% | -3.8% |
| COP CONOCOPHILLIPS | Energy | 41.8K | $5.5M | 1.3% | -1.1% |
| CME CME GROUP INC | Financials | 18.5K | $5.5M | 1.3% | -1.7% |
| MKTX MARKETAXESS HOLDINGS INC | Financials | 31.4K | $5.2M | 1.2% | +3.4% |
| WDAY WORKDAY INC-CLASS A | Technology | 37.9K | $4.9M | 1.1% | +119.9% |
| ST SENSATA TECHNOLOGIES HOLDING | Technology | 128.3K | $4.5M | 1.0% | +0.3% |
| GNRC GENERAC HOLDINGS INC | Industrials | 22.8K | $4.5M | 1.0% | -1.1% |
| VTOL BRISTOW GROUP INC | Industrials | 92.9K | $4.4M | 1.0% | +49.1% |
| FDX FEDEX CORP | Industrials | 12.1K | $4.3M | 1.0% | -1.4% |
| VRSN VERISIGN INC | Technology | 14.3K | $3.6M | 0.8% | -0.9% |
| FTV FORTIVE CORP | Technology | 63.2K | $3.5M | 0.8% | +22.9% |
| META META PLATFORMS INC-CLASS A | Technology | 6.1K | $3.5M | 0.8% | -0.7% |
| TREX TREX COMPANY INC | Other | 84.9K | $3.1M | 0.7% | New |
| CRGY CRESCENT ENERGY INC-A | Energy | 227.2K | $3.1M | 0.7% | +4.2% |
| INTU INTUIT INC | Technology | 6.9K | $3.0M | 0.7% | New |
| MCO MOODY'S CORP | Services media | 5.8K | $2.6M | 0.6% | -1.3% |
| BAC BANK OF AMERICA CORP | Financials | 51.7K | $2.5M | 0.6% | -12.3% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 25.2K | $2.5M | 0.6% | 0.0% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 42.1K | $1.9M | 0.4% | +49.6% |
| CTRA COTERRA ENERGY INC | — | 49.1K | $1.7M | 0.4% | -1.9% |
| DVN DEVON ENERGY CORP | Energy | 29.0K | $1.5M | 0.3% | -1.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 133 | $436.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 126 | $436.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 106 | $399.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 110 | $351.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 102 | $326.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 109 | $347.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 107 | $345.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 108 | $337.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 111 | $341.0M | canonical | SEC ↗ |
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