Arnold Van Den Berg
Portfolio value$473.3M
Positions120
QuarterQ2 2026ended 2026-06-30
Filed08/142026
Van Den Berg Management I, Inc's Q2 2026 13F, filed Aug 14, 2026, reports 120 positions worth $473.3M. The ten largest are 38.6% of the book, led by Dell Technologies at 5.7%, Sprott Asset Management Lp at 5.3% and Intel at 4.2%. Against Q1 2026: 7 bought, 31 added to, 59 reduced, 20 sold; the largest moves were sold Seabridge Gold Inc and bought Seabridge Gold Inc.
Where the money is
DELLPHYSINTC110 other
Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| DELL | Dell Technologies INC | 5.7% | $26.9M62,293 sh | 431.46 → +5% | 42% overvalued | reduced −20% |
| PHYS | Sprott Asset Management LP | 5.3% | $25.0M829,987 sh | 30.17 | — | reduced −1% |
| INTC | Intel Corp | 4.2% | $19.8M141,569 sh | 139.63 → −36% | 63% undervalued | reduced −43% |
| LUMN | Lumen Technologies INC | 3.9% | $18.3M2.4M sh | 7.68 | — | reduced −2% |
| XOM | Exxon Mobil Corp | 3.7% | $17.3M126,367 sh | 136.72 → +31% | 13% overvalued | reduced −6% |
| SA | Seabridge Gold INC | 3.5% | $16.7M647,986 sh | 25.74 | — | bought |
| COHR | Coherent Corp | 3.5% | $16.6M42,046 sh | 394.47 → −41% | 42% undervalued | reduced −35% |
| GOOG | Alphabet INC | 3.4% | $15.9M45,086 sh | 353.33 → −5% | 49% overvalued | reduced −3% |
| FANG | Diamondback Energy INC | 3.0% | $14.3M81,302 sh | 175.78 → +16% | 57% undervalued | reduced −2% |
| EQT | Eqt Corp | 2.5% | $11.8M222,416 sh | 53.17 → +2% | 39% overvalued | reduced −2% |
| UNH | Unitedhealth Group INC | 2.4% | $11.5M27,680 sh | 415.63 → −3% | 19% overvalued | reduced −4% |
| QCOM | Qualcomm INC | 2.4% | $11.5M62,213 sh | 184.79 → −7% | 28% overvalued | added +0% |
| BRK/B | Berkshire Hathaway INC Del | 2.4% | $11.2M22,466 sh | 500.39 → +6% | 21% overvalued | reduced −4% |
| IBM | International Business Machs | 2.4% | $11.2M39,723 sh | 281.21 → −17% | 12% undervalued | added +8% |
| ELV | Elevance Health INC Formerly | 2.2% | $10.6M27,514 sh | 386.73 → +11% | 20% undervalued | reduced −2% |
| MSFT | Microsoft Corp | 2.2% | $10.4M27,758 sh | 373.02 → +42% | 10% overvalued | added +1% |
| BN | Brookfield Corp | 2.1% | $9.9M231,334 sh | 42.59 | — | reduced −2% |
| PR | Permian Resources Corp | 2.0% | $9.3M506,641 sh | 18.41 | — | reduced −2% |
| SWK | Stanley Black & Decker INC | 1.9% | $9.1M96,652 sh | 94.12 → −2% | 56% overvalued | added +5% |
| CI | The Cigna Group | 1.8% | $8.6M31,263 sh | 275.68 → +10% | 3% overvalued | added +0% |
| DHR | Danaher Corp Del | 1.7% | $8.2M43,029 sh | 190.48 → +20% | 59% overvalued | added +19% |
| TKR | Timken CO | 1.7% | $8.2M56,168 sh | 145.32 | — | reduced −5% |
| CMCO | Columbus Mckinnon Corp N Y | 1.7% | $8.1M534,610 sh | 15.13 | — | added +12% |
| VNT | Vontier Corporation | 1.7% | $8.0M276,939 sh | 29.00 | — | added +25% |
| ACGL | Arch Cap Group LTD | 1.7% | $7.9M81,619 sh | 97.06 → +4% | 38% undervalued | added +1% |
| SLB | Slb Limited | 1.6% | $7.8M167,511 sh | 46.49 → +6% | 22% undervalued | reduced −3% |
| ILMN | Illumina INC | 1.6% | $7.7M43,610 sh | 175.83 | — | reduced −3% |
| SW | Smurfit Westrock PLC | 1.5% | $7.3M156,841 sh | 46.26 → −11% | 9% undervalued | reduced −3% |
| TMO | Thermo Fisher Scientific INC | 1.5% | $7.2M14,289 sh | 501.36 → +38% | 78% overvalued | added +1% |
| GNRC | Generac Hldgs INC | 1.4% | $6.5M22,318 sh | 292.81 → −34% | 52% overvalued | reduced −2% |
| INTU | Intuit | 1.4% | $6.5M25,020 sh | 261.00 → +25% | 24% undervalued | added +264% |
| DIS | Disney Walt CO | 1.4% | $6.5M67,131 sh | 96.25 → +15% | 9% undervalued | added +1% |
| ST | Sensata Technologies Hldg Pl | 1.3% | $6.0M125,840 sh | 47.74 | — | reduced −2% |
| WDAY | Workday INC | 1.3% | $6.0M48,837 sh | 122.42 → +56% | 339% overvalued | added +29% |
| CRK | Comstock Res INC | 1.3% | $6.0M399,068 sh | 14.92 | — | added +1% |
| MKTX | Marketaxess Hldgs INC | 1.2% | $5.9M52,054 sh | 113.49 | — | added +66% |
| FTV | Fortive Corp | 1.0% | $4.9M80,408 sh | 61.09 → −5% | 24% overvalued | added +27% |
| CME | Cme Group INC | 1.0% | $4.9M22,089 sh | 220.83 → +33% | 18% overvalued | added +19% |
| VTOL | Bristow Group INC | 0.9% | $4.5M108,398 sh | 41.32 | — | added +17% |
| TREX | Trex INC | 0.9% | $4.3M86,107 sh | 50.04 | — | added +1% |
| APH | Amphenol Corp | 0.8% | $3.8M21,645 sh | 88.16 → −10% | 66% overvalued | bought |
| FDX | Fedex Corp | 0.8% | $3.7M11,836 sh | 313.13 → −6% | 55% overvalued | reduced −21% |
| VRSN | Verisign INC | 0.8% | $3.6M14,120 sh | 251.56 → +20% | 43% overvalued | reduced −2% |
| META | Meta Platforms INC | 0.7% | $3.3M5,918 sh | 563.33 → +26% | 10% overvalued | reduced −2% |
| BAC | Bank Of Amer Corp | 0.6% | $2.9M50,610 sh | 56.98 → −10% | 1% overvalued | reduced −2% |
| BAM | Brookfield Asset Managmt LTD | 0.6% | $2.8M62,424 sh | 44.85 | — | added +48% |
| UPS | United Parcel Svcs INC | 0.6% | $2.7M25,554 sh | 107.50 → −9% | 38% undervalued | added +1% |
| DVN | Devon Energy Corp New | 0.5% | $2.6M62,891 sh | 41.32 → +23% | 32% undervalued | added +117% |
| MCO | Moodys Corp | 0.5% | $2.6M5,707 sh | 452.95 → +7% | 100% overvalued | reduced −2% |
| COP | Conocophillips | 0.5% | $2.6M24,761 sh | 103.96 → +41% | 24% undervalued | reduced −41% |
| CRGY | Crescent Energy Company | 0.5% | $2.2M228,438 sh | 9.82 | — | added +1% |
| RSP | Invesco Exchange Traded Fd T | 0.2% | $1.0M4,792 sh | 212.75 | — | added +1% |
| LBRT | Liberty Energy INC | 0.2% | $995,63938,016 sh | 26.19 | — | reduced −0% |
| OVV | Ovintiv INC | 0.2% | $975,76218,533 sh | 52.65 | — | reduced −4% |
| VIG | Vanguard Specialized Funds | 0.2% | $973,6914,115 sh | 236.62 | — | added +1% |
| GDXJ | Vaneck ETF Trust | 0.2% | $950,2749,672 sh | 98.25 | — | reduced −7% |
| VTI | Vanguard Index Fds | 0.2% | $903,3802,441 sh | 370.09 | — | reduced −8% |
| ERO | Ero Copper Corp | 0.2% | $893,26333,393 sh | 26.75 | — | reduced −1% |
| MA | Mastercard Incorporated | 0.2% | $797,6211,553 sh | 513.60 → +20% | 15% overvalued | reduced −2% |
| NOG | Northern Oil & Gas INC | 0.2% | $776,49342,782 sh | 18.15 | — | added +1% |
| CVX | Chevron Corporation | 0.2% | $761,1704,592 sh | 165.76 → +36% | 9% overvalued | reduced −10% |
| AEM | Agnico Eagle Mines LTD | 0.2% | $738,7294,762 sh | 155.13 | — | held |
| FNDF | Schwab Strategic Tr | 0.2% | $730,67313,849 sh | 52.76 | — | reduced −6% |
| VEA | Vanguard Tax-managed Fds | 0.2% | $723,68510,157 sh | 71.25 | — | reduced −5% |
| PSLV | Sprott Asset Management LP | 0.2% | $717,41938,019 sh | 18.87 | — | held |
| XLE | Select Sector Spdr Tr | 0.1% | $697,08313,125 sh | 53.11 | — | reduced −3% |
| BTE | Baytex Energy Corp | 0.1% | $659,108164,777 sh | 4.00 | — | reduced −1% |
| MOAT | Vaneck ETF Trust | 0.1% | $642,5856,181 sh | 103.96 | — | reduced −7% |
| VOO | Vanguard Index Fds | 0.1% | $598,941872 sh | 686.86 | — | reduced −23% |
| VYM | Vanguard Whitehall Fds | 0.1% | $558,9523,537 sh | 158.03 | — | reduced −3% |
| SU | Suncor Energy INC New | 0.1% | $488,6499,103 sh | 53.68 | — | reduced −0% |
| XOP | Spdr Series Trust | 0.1% | $434,3872,816 sh | 154.26 | — | reduced −3% |
| AMZN | Amazon Com INC | 0.1% | $430,6801,807 sh | 238.34 → +5% | 182% overvalued | held |
| SPSM | Spdr Series Trust | 0.1% | $401,8456,968 sh | 57.67 | — | reduced −4% |
| VYMI | Vanguard Whitehall Fds | 0.1% | $394,2734,015 sh | 98.20 | — | added +1% |
| TXN | Texas Instrs INC | 0.1% | $385,7031,294 sh | 298.07 → −7% | 131% overvalued | reduced −40% |
| NVDA | Nvidia Corporation | 0.1% | $297,1341,485 sh | 200.09 → +7% | 3% undervalued | reduced −5% |
| EG | Everest Group LTD | 0.1% | $293,643822 sh | 357.23 → +9% | 7% undervalued | reduced −24% |
| GE | Ge Aerospace | 0.1% | $291,509780 sh | 373.73 → −16% | 101% overvalued | reduced −1% |
| AR | Antero Resources Corp | 0.1% | $268,7167,647 sh | 35.14 | — | reduced −4% |
| HL | Hecla Mining Company | 0.1% | $262,31017,000 sh | 15.43 | — | held |
| AAPL | Apple INC | 0.1% | $261,476904 sh | 289.24 → +19% | 114% overvalued | held |
| CW | Curtiss Wright Corp | 0.1% | $247,788327 sh | 757.76 | — | held |
| CEF | Sprott Asset Management LP | 0.1% | $239,2885,948 sh | 40.23 | — | reduced −1% |
| RRC | Range Res Corp | 0.1% | $237,5336,387 sh | 37.19 | — | held |
| T | At&t INC | 0.0% | $235,85611,394 sh | 20.70 → +13% | 58% undervalued | reduced −1% |
| DIA | State Str Spdr Dow Jones Ind | 0.0% | $231,941444 sh | 522.39 | — | reduced −22% |
| TALO | Talos Energy INC | 0.0% | $231,02417,895 sh | 12.91 | — | held |
| GEV | Ge Vernova INC | 0.0% | $226,748193 sh | 1,174.86 → −22% | 77% overvalued | bought |
| URA | Global X Fds | 0.0% | $220,1615,038 sh | 43.70 | — | reduced −18% |
| VHT | Vanguard World Fd | 0.0% | $143,827481 sh | 299.02 | — | reduced −2% |
| GDX | Vaneck ETF Trust | 0.0% | $119,9651,590 sh | 75.45 | — | held |
| WEAT | Teucrium Commodity Tr | 0.0% | $107,9474,900 sh | 22.03 | — | bought |
| FNDE | Schwab Strategic Tr | 0.0% | $103,8432,617 sh | 39.68 | — | reduced −1% |
| RIG | Transocean LTD | 0.0% | $89,31618,265 sh | 4.89 | — | reduced −34% |
| GOOGL | Alphabet INC | 0.0% | $76,344214 sh | 356.75 → −5% | 51% overvalued | held |
| VGT | Vanguard World Fd | 0.0% | $71,712600 sh | 119.52 | — | added +700% |
| REI | Ring Energy INC | 0.0% | $69,54264,391 sh | 1.08 | — | added +21% |
| CORN | Teucrium Commodity Tr | 0.0% | $67,0004,000 sh | 16.75 | — | bought |
| SCHD | Schwab Strategic Tr | 0.0% | $60,2171,899 sh | 31.71 | — | held |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.