# VAN DEN BERG MANAGEMENT I, INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1142062. Source: https://holderbook.com/funds/1142062-van-den-berg-management-i-inc/

- Reported value: $473.3M
- Positions: 120
- Weight of the ten largest: 38.6%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $26.9M | 62,293 | 5.7% | 7 |
| SPROTT ASSET MANAGEMENT LP | [PHYS](https://holderbook.com/stocks/PHYS/) | $25.0M | 829,987 | 5.3% | 23 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $19.8M | 141,569 | 4.2% | 7 |
| LUMEN TECHNOLOGIES INC | [LUMN](https://holderbook.com/stocks/LUMN/) | $18.3M | 2,383,170 | 3.9% | 22 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $17.3M | 126,367 | 3.7% | 10 |
| SEABRIDGE GOLD INC | - | $16.7M | 647,986 | 3.5% | 1 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $16.6M | 42,046 | 3.5% | 14 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $15.9M | 45,086 | 3.4% | 26 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $14.3M | 81,302 | 3.0% | 24 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $11.8M | 222,416 | 2.5% | 23 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $11.5M | 27,680 | 2.4% | 13 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $11.5M | 62,213 | 2.4% | 21 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $11.2M | 22,466 | 2.4% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $11.2M | 39,723 | 2.4% | 22 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $10.6M | 27,514 | 2.2% | 12 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.4M | 27,758 | 2.2% | 24 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $9.9M | 231,334 | 2.1% | 15 |
| PERMIAN RESOURCES CORP | [PR](https://holderbook.com/stocks/PR/) | $9.3M | 506,641 | 2.0% | 12 |
| STANLEY BLACK & DECKER INC | [SWK](https://holderbook.com/stocks/SWK/) | $9.1M | 96,652 | 1.9% | 17 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $8.6M | 31,263 | 1.8% | 11 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $8.2M | 43,029 | 1.7% | 31 |
| TIMKEN CO | [TKR](https://holderbook.com/stocks/TKR/) | $8.2M | 56,168 | 1.7% | 4 |
| COLUMBUS MCKINNON CORP N Y | [CMCO](https://holderbook.com/stocks/CMCO/) | $8.1M | 534,610 | 1.7% | 11 |
| VONTIER CORPORATION | [VNT](https://holderbook.com/stocks/VNT/) | $8.0M | 276,939 | 1.7% | 23 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $7.9M | 81,619 | 1.7% | 10 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $7.8M | 167,511 | 1.6% | 31 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $7.7M | 43,610 | 1.6% | 18 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $7.3M | 156,841 | 1.5% | 8 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $7.2M | 14,289 | 1.5% | 11 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $6.5M | 22,318 | 1.4% | 9 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $6.5M | 25,020 | 1.4% | 2 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $6.5M | 67,131 | 1.4% | 18 |
| SENSATA TECHNOLOGIES HLDG PL | [ST](https://holderbook.com/stocks/ST/) | $6.0M | 125,840 | 1.3% | 17 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $6.0M | 48,837 | 1.3% | 24 |
| COMSTOCK RES INC | [CRK](https://holderbook.com/stocks/CRK/) | $6.0M | 399,068 | 1.3% | 23 |
| MARKETAXESS HLDGS INC | [MKTX](https://holderbook.com/stocks/MKTX/) | $5.9M | 52,054 | 1.2% | 4 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $4.9M | 80,408 | 1.0% | 3 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $4.9M | 22,089 | 1.0% | 10 |
| BRISTOW GROUP INC | [VTOL](https://holderbook.com/stocks/VTOL/) | $4.5M | 108,398 | 0.9% | 9 |
| TREX INC | [TREX](https://holderbook.com/stocks/TREX/) | $4.3M | 86,107 | 0.9% | 2 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $3.8M | 21,645 | 0.8% | 1 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $3.7M | 11,836 | 0.8% | 4 |
| VERISIGN INC | [VRSN](https://holderbook.com/stocks/VRSN/) | $3.6M | 14,120 | 0.8% | 24 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.3M | 5,918 | 0.7% | 26 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.9M | 50,610 | 0.6% | 15 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $2.8M | 62,424 | 0.6% | 15 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $2.7M | 25,554 | 0.6% | 4 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $2.6M | 62,891 | 0.5% | 21 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $2.6M | 5,707 | 0.5% | 22 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $2.6M | 24,761 | 0.5% | 31 |
| CRESCENT ENERGY COMPANY | [CRGY](https://holderbook.com/stocks/CRGY/) | $2.2M | 228,438 | 0.5% | 8 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.0M | 4,792 | 0.2% | 21 |
| LIBERTY ENERGY INC | [LBRT](https://holderbook.com/stocks/LBRT/) | $995.6K | 38,016 | 0.2% | 3 |
| OVINTIV INC | [OVV](https://holderbook.com/stocks/OVV/) | $975.8K | 18,533 | 0.2% | 20 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $973.7K | 4,115 | 0.2% | 23 |
| VANECK ETF TRUST | [GDXJ](https://holderbook.com/stocks/GDXJ/) | $950.3K | 9,672 | 0.2% | 15 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $903.4K | 2,441 | 0.2% | 23 |
| ERO COPPER CORP | [ERO](https://holderbook.com/stocks/ERO/) | $893.3K | 33,393 | 0.2% | 17 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $797.6K | 1,553 | 0.2% | 19 |
| NORTHERN OIL & GAS INC | [NOG](https://holderbook.com/stocks/NOG/) | $776.5K | 42,782 | 0.2% | 19 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $761.2K | 4,592 | 0.2% | 26 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $738.7K | 4,762 | 0.2% | 31 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $730.7K | 13,849 | 0.2% | 11 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $723.7K | 10,157 | 0.2% | 22 |
| SPROTT ASSET MANAGEMENT LP | [PSLV](https://holderbook.com/stocks/PSLV/) | $717.4K | 38,019 | 0.2% | 11 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $697.1K | 13,125 | 0.1% | 23 |
| BAYTEX ENERGY CORP | [BTE](https://holderbook.com/stocks/BTE/) | $659.1K | 164,777 | 0.1% | 13 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $642.6K | 6,181 | 0.1% | 23 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $598.9K | 872 | 0.1% | 15 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $559.0K | 3,537 | 0.1% | 23 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $488.6K | 9,103 | 0.1% | 20 |
| SPDR SERIES TRUST | [XOP](https://holderbook.com/stocks/XOP/) | $434.4K | 2,816 | 0.1% | 23 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $430.7K | 1,807 | 0.1% | 5 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $401.8K | 6,968 | 0.1% | 19 |
| VANGUARD WHITEHALL FDS | [VYMI](https://holderbook.com/stocks/VYMI/) | $394.3K | 4,015 | 0.1% | 23 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $385.7K | 1,294 | 0.1% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $297.1K | 1,485 | 0.1% | 2 |
| EVEREST GROUP LTD | [EG](https://holderbook.com/stocks/EG/) | $293.6K | 822 | 0.1% | 10 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $291.5K | 780 | 0.1% | 2 |
| ANTERO RESOURCES CORP | [AR](https://holderbook.com/stocks/AR/) | $268.7K | 7,647 | 0.1% | 14 |
| HECLA MINING COMPANY | [HL](https://holderbook.com/stocks/HL/) | $262.3K | 17,000 | 0.1% | 17 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $261.5K | 904 | 0.1% | 2 |
| CURTISS WRIGHT CORP | [CW](https://holderbook.com/stocks/CW/) | $247.8K | 327 | 0.1% | 2 |
| SPROTT ASSET MANAGEMENT LP | [CEF](https://holderbook.com/stocks/CEF/) | $239.3K | 5,948 | 0.1% | 4 |
| RANGE RES CORP | [RRC](https://holderbook.com/stocks/RRC/) | $237.5K | 6,387 | 0.1% | 17 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $235.9K | 11,394 | 0.0% | 31 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $231.9K | 444 | 0.0% | 4 |
| TALOS ENERGY INC | [TALO](https://holderbook.com/stocks/TALO/) | $231.0K | 17,895 | 0.0% | 18 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $226.7K | 193 | 0.0% | 1 |
| GLOBAL X FDS | [URA](https://holderbook.com/stocks/URA/) | $220.2K | 5,038 | 0.0% | 5 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $143.8K | 481 | 0.0% | 2 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $120.0K | 1,590 | 0.0% | 15 |
| TEUCRIUM COMMODITY TR | [WEAT](https://holderbook.com/stocks/WEAT/) | $107.9K | 4,900 | 0.0% | 1 |
| SCHWAB STRATEGIC TR | [FNDE](https://holderbook.com/stocks/FNDE/) | $103.8K | 2,617 | 0.0% | 11 |
| TRANSOCEAN LTD | [RIG](https://holderbook.com/stocks/RIG/) | $89.3K | 18,265 | 0.0% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $76.3K | 214 | 0.0% | 15 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $71.7K | 600 | 0.0% | 2 |
| RING ENERGY INC | [REI](https://holderbook.com/stocks/REI/) | $69.5K | 64,391 | 0.0% | 14 |
| TEUCRIUM COMMODITY TR | [CORN](https://holderbook.com/stocks/CORN/) | $67.0K | 4,000 | 0.0% | 1 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $60.2K | 1,899 | 0.0% | 11 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.3% | +14.8% | -1.5% | 100% |
| Q1 2026 | +4.2% | -4.6% | +8.8% | 100% |
| Q4 2025 | +9.2% | +2.4% | +6.8% | 100% |
| Q3 2025 | +8.7% | +7.8% | +0.9% | 100% |
| Q2 2025 | +4.6% | +10.5% | -5.9% | 100% |
| Q1 2025 | -3.1% | -4.6% | +1.4% | 100% |
| Q4 2024 | -2.4% | +2.1% | -4.6% | 100% |
| Q3 2024 | +7.7% | +5.4% | +2.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $473.3M | 120 |
| Q1 2026 | $436.2M | 133 |
| Q4 2025 | $436.5M | 126 |
| Q3 2025 | $399.2M | 106 |
| Q2 2025 | $351.8M | 110 |
| Q1 2025 | $326.6M | 102 |
| Q4 2024 | $347.0M | 109 |
| Q3 2024 | $345.7M | 107 |
| Q2 2024 | $337.0M | 108 |
| Q1 2024 | $341.0M | 111 |
| Q4 2023 | $301.1M | 105 |
| Q3 2023 | $285.4M | 105 |