Q3 2025 · 13F-HR
VAN DEN BERG MANAGEMENT I, INCholdings as filed
Filed 2025-11-14 · accession 0001398344-25-020913
$399.2M
Reported value
106
Positions
2025-09-30
Period end
The Brief · VAN DEN BERG MANAGEMENT I, INC · Q3 2025
AI · grounded in 13F
VAN DEN BERG MANAGEMENT I, INC established a new position in PHYS worth $25.6M. The fund also initiated new stakes in SA for $17.9M and XOM for $16.6M. Additional new positions include GOOG at $15.3M, COHR at $14.9M, and LUMN at $14.8M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 85207H104 | PHYS | SPROTT ASSET MANAGEMENT LP | $25.6M | 6.42% | 865,106 | Common | SOLE |
| 811916105 | SA | SEABRIDGE GOLD INC | $17.9M | 4.50% | 742,983 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $16.6M | 4.16% | 147,298 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $15.3M | 3.83% | 62,829 | Common | SOLE |
| 19247G107 | COHR | COHERENT CORP | $14.9M | 3.74% | 138,524 | Common | SOLE |
| 550241103 | LUMN | LUMEN TECHNOLOGIES INC | $14.8M | 3.70% | 2,413,603 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $14.0M | 3.51% | 27,844 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $13.9M | 3.48% | 202,557 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $12.7M | 3.18% | 233,513 | Common | SOLE |
| 25278X109 | FANG | DIAMONDBACK ENERGY INC | $11.9M | 2.98% | 83,045 | Common | SOLE |
| 24703L202 | DELL | DELL TECHNOLOGIES INC | $11.1M | 2.79% | 78,508 | Common | SOLE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $10.5M | 2.62% | 37,101 | Common | SOLE |
| 928881101 | VNT | VONTIER CORPORATION | $10.0M | 2.51% | 238,711 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $9.7M | 2.43% | 58,354 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC FORMERLY | $9.2M | 2.30% | 28,474 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $9.1M | 2.28% | 271,789 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $8.9M | 2.24% | 25,840 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $8.9M | 2.22% | 17,131 | Common | SOLE |
| 489398107 | KW | KENNEDY-WILSON HOLDINGS INC | $8.1M | 2.03% | 974,334 | Common | SOLE |
| 205768302 | CRK | COMSTOCK RES INC | $8.0M | 2.00% | 402,468 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $7.7M | 1.94% | 67,640 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $7.7M | 1.93% | 26,682 | Common | SOLE |
| G8267P108 | SW | SMURFIT WESTROCK PLC | $7.4M | 1.86% | 174,228 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $7.2M | 1.79% | 36,086 | Common | SOLE |
| G0450A105 | ACGL | ARCH CAP GROUP LTD | $7.1M | 1.78% | 78,487 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $6.9M | 1.74% | 14,295 | Common | SOLE |
| 71424F105 | PR | PERMIAN RESOURCES CORP | $6.6M | 1.65% | 514,705 | Common | SOLE |
| 806857108 | SLB | SCHLUMBERGER LTD | $6.4M | 1.61% | 187,449 | Common | SOLE |
| 854502101 | SWK | STANLEY BLACK & DECKER INC | $6.0M | 1.50% | 80,769 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $5.1M | 1.29% | 19,045 | Common | SOLE |
| 199333105 | CMCO | COLUMBUS MCKINNON CORP N Y | $4.7M | 1.17% | 324,803 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $4.7M | 1.17% | 48,988 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $4.6M | 1.15% | 6,276 | Common | SOLE |
| 98138H101 | WDAY | WORKDAY INC | $4.2M | 1.05% | 17,360 | Common | SOLE |
| 20825C104 | COP | CONOCOPHILLIPS | $4.2M | 1.05% | 44,168 | Common | SOLE |
| 92343E102 | VRSN | VERISIGN INC | $4.1M | 1.03% | 14,728 | Common | SOLE |
| G8060N102 | ST | SENSATA TECHNOLOGIES HLDG PL | $3.8M | 0.95% | 124,548 | Common | SOLE |
| 368736104 | GNRC | GENERAC HLDGS INC | $3.8M | 0.95% | 22,610 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $3.5M | 0.87% | 67,417 | Common | SOLE |
| 887389104 | TKR | TIMKEN CO | $3.1M | 0.78% | 41,675 | Common | SOLE |
| 31428X106 | FDX | FEDEX CORP | $2.9M | 0.73% | 12,321 | Common | SOLE |
| 615369105 | MCO | MOODYS CORP | $2.9M | 0.72% | 6,059 | Common | SOLE |
| 57060D108 | MKTX | MARKETAXESS HLDGS INC | $2.4M | 0.61% | 14,017 | Common | SOLE |
| 11040G103 | VTOL | BRISTOW GROUP INC | $2.1M | 0.53% | 58,340 | Common | SOLE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $2.0M | 0.50% | 23,740 | Common | SOLE |
| G3223R108 | EG | EVEREST GROUP LTD | $1.9M | 0.47% | 5,318 | Common | SOLE |
| 113004105 | BAM | BROOKFIELD ASSET MANAGMT LTD | $1.6M | 0.40% | 28,079 | Common | SOLE |
| 127097103 | CTRA | COTERRA ENERGY INC | $1.2M | 0.30% | 50,399 | Common | SOLE |
| 44952J104 | CRGY | CRESCENT ENERGY COMPANY | $1.2M | 0.30% | 133,080 | Common | SOLE |
| 25179M103 | DVN | DEVON ENERGY CORP NEW | $1.1M | 0.27% | 31,052 | Common | SOLE |
| 92189F791 | GDXJ | VANECK ETF TRUST | $1.0M | 0.26% | 10,353 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $926,591 | 0.23% | 1,629 | Common | SOLE |
| 665531307 | NOG | NORTHERN OIL & GAS INC | $915,278 | 0.23% | 36,906 | Common | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $912,421 | 0.23% | 4,810 | Common | SOLE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $881,071 | 0.22% | 4,083 | Common | SOLE |
| 296006109 | ERO | ERO COPPER CORP | $880,167 | 0.22% | 43,508 | Common | SOLE |
| 922908769 | VTI | VANGUARD INDEX FDS | $864,736 | 0.22% | 2,635 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $817,010 | 0.20% | 4,847 | Common | SOLE |
| 69047Q102 | OVV | OVINTIV INC | $801,826 | 0.20% | 19,857 | Common | SOLE |
| 002474104 | AZZ | AZZ INC | $721,250 | 0.18% | 6,609 | Common | SOLE |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $692,614 | 0.17% | 11,559 | Common | SOLE |
| 92189F643 | MOAT | VANECK ETF TRUST | $677,523 | 0.17% | 6,836 | Common | SOLE |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $637,424 | 0.16% | 7,135 | Common | SOLE |
| 83418M103 | SEI | SOLARIS ENERGY INFRAS INC | $631,969 | 0.16% | 15,811 | Common | SOLE |
| 808524755 | FNDF | SCHWAB STRATEGIC TR | $602,729 | 0.15% | 14,030 | Common | SOLE |
| 85207K107 | PSLV | SPROTT ASSET MANAGEMENT LP | $593,758 | 0.15% | 37,819 | Common | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $592,171 | 0.15% | 967 | Common | SOLE |
| 516806205 | 8LP1 | VITAL ENERGY INC | $584,191 | 0.15% | 34,588 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $560,597 | 0.14% | 3,610 | Common | SOLE |
| 78468R556 | XOP | SPDR SERIES TRUST | $499,929 | 0.13% | 3,782 | Common | SOLE |
| 921946406 | VYM | VANGUARD WHITEHALL FDS | $427,360 | 0.11% | 3,032 | Common | SOLE |
| 07317Q105 | BTE | BAYTEX ENERGY CORP | $420,929 | 0.11% | 179,884 | Common | SOLE |
| 867224107 | SU | SUNCOR ENERGY INC NEW | $385,614 | 0.10% | 9,223 | Common | SOLE |
| 921946794 | VYMI | VANGUARD WHITEHALL FDS | $350,067 | 0.09% | 4,134 | Common | SOLE |
| 00206R102 | T | AT&T INC | $337,327 | 0.08% | 11,945 | Common | SOLE |
| 78468R853 | SPSM | SPDR SERIES TRUST | $329,798 | 0.08% | 7,120 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $319,035 | 0.08% | 1,453 | Common | SOLE |
| 37954Y871 | URA | GLOBAL X FDS | $296,191 | 0.07% | 6,213 | Common | SOLE |
| 87484T108 | TALO | TALOS ENERGY INC | $273,075 | 0.07% | 28,475 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $264,956 | 0.07% | 7,895 | Common | SOLE |
| 75281A109 | RRC | RANGE RES CORP | $243,870 | 0.06% | 6,479 | Common | SOLE |
| 85208R101 | CEF | SPROTT ASSET MANAGEMENT LP | $224,763 | 0.06% | 6,126 | Common | SOLE |
| 78467X109 | DIA | SPDR DOW JONES INDL AVERAGE | $205,901 | 0.05% | 444 | Common | SOLE |
| 422704106 | HL | HECLA MNG CO | $205,700 | 0.05% | 17,000 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $121,476 | 0.03% | 1,590 | Common | SOLE |
| H8817H100 | RIG | TRANSOCEAN LTD | $87,182 | 0.02% | 27,943 | Common | SOLE |
| 23291C103 | BOOM | DMC GLOBAL INC | $86,266 | 0.02% | 10,209 | Common | SOLE |
| 808524730 | FNDE | SCHWAB STRATEGIC TR | $83,891 | 0.02% | 2,320 | Common | SOLE |
| 922908611 | VBR | VANGUARD INDEX FDS | $77,014 | 0.02% | 369 | Common | SOLE |
| 76680V108 | REI | RING ENERGY INC | $55,464 | 0.01% | 50,884 | Common | SOLE |
| 808524797 | SCHD | SCHWAB STRATEGIC TR | $51,843 | 0.01% | 1,899 | Common | SOLE |
| 922908637 | VV | VANGUARD INDEX FDS | $48,026 | 0.01% | 156 | Common | SOLE |
| 29259W700 | EU | ENCORE ENERGY CORP | $32,100 | 0.01% | 10,000 | Common | SOLE |
| 92189F601 | NLR | VANECK ETF TRUST | $29,300 | 0.01% | 216 | Common | SOLE |
| 922908744 | VTV | VANGUARD INDEX FDS | $21,073 | 0.01% | 113 | Common | SOLE |
| 922908553 | VNQ | VANGUARD INDEX FDS | $20,112 | 0.01% | 220 | Common | SOLE |
| 922908736 | VUG | VANGUARD INDEX FDS | $18,705 | 0.00% | 39 | Common | SOLE |
| 37954Y848 | SIL | GLOBAL X FDS | $12,535 | 0.00% | 175 | Common | SOLE |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $11,768 | 0.00% | 218 | Common | SOLE |
| 46137V605 | DJD | INVESCO EXCHANGE TRADED FD T | $8,283 | 0.00% | 150 | Common | SOLE |
| 92189F452 | MORT | VANECK ETF TRUST | $6,300 | 0.00% | 585 | Common | SOLE |
| 37954Y699 | EFAS | GLOBAL X FDS | $6,141 | 0.00% | 325 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $5,591 | 0.00% | 23 | Common | SOLE |
| 78468R549 | XES | SPDR SERIES TRUST | $4,486 | 0.00% | 62 | Common | SOLE |
| 922908751 | VB | VANGUARD INDEX FDS | $1,271 | 0.00% | 5 | Common | SOLE |
| 81369Y803 | XLK | SELECT SECTOR SPDR TR | $564 | 0.00% | 2 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.