Q4 2025 · 13F-HR
VAN DEN BERG MANAGEMENT I, INCholdings as filed
Filed 2026-02-17 · accession 0001398344-26-003217
$436.5M
Reported value
126
Positions
2025-12-31
Period end
The Brief · VAN DEN BERG MANAGEMENT I, INC · Q4 2025
AI · grounded in 13F
VAN DEN BERG MANAGEMENT I, INC established a new position in FTV valued at $2.8M. The fund more than doubled its stake in MKTX, increasing share count by 116.87%. Conversely, it reduced its holding in EG by 76.68%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 85207H104 | PHYS | SPROTT ASSET MANAGEMENT LP | $28.2M | 6.47% | 854,848 | Common | SOLE |
| 19247G107 | COHR | COHERENT CORP | $22.1M | 5.07% | 119,837 | Common | SOLE |
| 811916105 | SA | SEABRIDGE GOLD INC | $20.9M | 4.80% | 707,390 | Common | SOLE |
| 550241103 | LUMN | LUMEN TECHNOLOGIES INC | $18.6M | 4.26% | 2,394,300 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $18.1M | 4.15% | 57,770 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $17.0M | 3.89% | 141,017 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $13.6M | 3.13% | 297,347 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $13.6M | 3.12% | 27,110 | Common | SOLE |
| 25278X109 | FANG | DIAMONDBACK ENERGY INC | $12.7M | 2.92% | 84,661 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $12.3M | 2.82% | 229,883 | Common | SOLE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $10.9M | 2.50% | 36,875 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $9.9M | 2.26% | 57,705 | Common | SOLE |
| 24703L202 | DELL | DELL TECHNOLOGIES INC | $9.8M | 2.25% | 77,921 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $9.5M | 2.18% | 258,183 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC FORMERLY | $9.5M | 2.17% | 26,999 | Common | SOLE |
| 205768302 | CRK | COMSTOCK RES INC | $9.3M | 2.13% | 400,740 | Common | SOLE |
| 928881101 | VNT | VONTIER CORPORATION | $8.7M | 1.99% | 233,018 | Common | SOLE |
| 489398107 | KW | KENNEDY-WILSON HOLDINGS INC | $8.7M | 1.98% | 894,821 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $8.6M | 1.98% | 26,123 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $8.4M | 1.93% | 30,665 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $8.4M | 1.92% | 17,319 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $8.2M | 1.88% | 35,802 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $8.1M | 1.85% | 13,897 | Common | SOLE |
| G0450A105 | ACGL | ARCH CAP GROUP LTD | $7.7M | 1.77% | 80,439 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $7.6M | 1.73% | 66,511 | Common | SOLE |
| 71424F105 | PR | PERMIAN RESOURCES CORP | $7.3M | 1.67% | 519,501 | Common | SOLE |
| 806857108 | SLB | SLB LIMITED | $6.9M | 1.58% | 179,118 | Common | SOLE |
| 854502101 | SWK | STANLEY BLACK & DECKER INC | $6.7M | 1.52% | 89,601 | Common | SOLE |
| 199333105 | CMCO | COLUMBUS MCKINNON CORP N Y | $6.5M | 1.50% | 379,019 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $6.1M | 1.40% | 46,556 | Common | SOLE |
| G8267P108 | SW | SMURFIT WESTROCK PLC | $6.0M | 1.38% | 156,087 | Common | SOLE |
| 57060D108 | MKTX | MARKETAXESS HLDGS INC | $5.5M | 1.26% | 30,399 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $5.1M | 1.18% | 18,810 | Common | SOLE |
| 887389104 | TKR | TIMKEN CO | $5.0M | 1.15% | 59,686 | Common | SOLE |
| G8060N102 | ST | SENSATA TECHNOLOGIES HLDG PL | $4.3M | 0.98% | 127,965 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $4.0M | 0.92% | 6,096 | Common | SOLE |
| 20825C104 | COP | CONOCOPHILLIPS | $4.0M | 0.91% | 42,234 | Common | SOLE |
| 98138H101 | WDAY | WORKDAY INC | $3.7M | 0.85% | 17,234 | Common | SOLE |
| 31428X106 | FDX | FEDEX CORP | $3.5M | 0.81% | 12,276 | Common | SOLE |
| 92343E102 | VRSN | VERISIGN INC | $3.5M | 0.81% | 14,474 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $3.2M | 0.74% | 58,964 | Common | SOLE |
| 368736104 | GNRC | GENERAC HLDGS INC | $3.1M | 0.72% | 23,049 | Common | SOLE |
| 615369105 | MCO | MOODYS CORP | $3.0M | 0.69% | 5,927 | Common | SOLE |
| 34959J108 | FTV | FORTIVE CORP | $2.8M | 0.65% | 51,439 | Common | SOLE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $2.5M | 0.57% | 25,205 | Common | SOLE |
| 11040G103 | VTOL | BRISTOW GROUP INC | $2.3M | 0.52% | 62,328 | Common | SOLE |
| 44952J104 | CRGY | CRESCENT ENERGY COMPANY | $1.8M | 0.42% | 218,153 | Common | SOLE |
| 113004105 | BAM | BROOKFIELD ASSET MANAGMT LTD | $1.5M | 0.34% | 28,131 | Common | SOLE |
| 127097103 | CTRA | COTERRA ENERGY INC | $1.3M | 0.30% | 50,034 | Common | SOLE |
| 92189F791 | GDXJ | VANECK ETF TRUST | $1.2M | 0.27% | 10,353 | Common | SOLE |
| 25179M103 | DVN | DEVON ENERGY CORP NEW | $1.1M | 0.25% | 29,259 | Common | SOLE |
| 296006109 | ERO | ERO COPPER CORP | $950,346 | 0.22% | 33,593 | Common | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $924,243 | 0.21% | 4,825 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $908,841 | 0.21% | 1,592 | Common | SOLE |
| 85207K107 | PSLV | SPROTT ASSET MANAGEMENT LP | $894,419 | 0.20% | 37,819 | Common | SOLE |
| 882508104 | TXN | TEXAS INSTRS INC | $889,136 | 0.20% | 5,125 | Common | SOLE |
| 922908769 | VTI | VANGUARD INDEX FDS | $865,605 | 0.20% | 2,582 | Common | SOLE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $853,845 | 0.20% | 3,885 | Common | SOLE |
| 665531307 | NOG | NORTHERN OIL & GAS INC | $822,416 | 0.19% | 38,305 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $813,235 | 0.19% | 4,797 | Common | SOLE |
| 69047Q102 | OVV | OVINTIV INC | $773,689 | 0.18% | 19,742 | Common | SOLE |
| 92189F643 | MOAT | VANECK ETF TRUST | $715,193 | 0.16% | 6,906 | Common | SOLE |
| 83418M103 | SEI | SOLARIS ENERGY INFRAS INC | $710,930 | 0.16% | 15,465 | Common | SOLE |
| 53115L104 | LBRT | LIBERTY ENERGY INC | $704,083 | 0.16% | 38,141 | Common | SOLE |
| 464287200 | IVV | ISHARES TR | $690,378 | 0.16% | 1,008 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $685,235 | 0.16% | 4,496 | Common | SOLE |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $680,609 | 0.16% | 10,895 | Common | SOLE |
| 808524755 | FNDF | SCHWAB STRATEGIC TR | $679,642 | 0.16% | 15,033 | Common | SOLE |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $619,246 | 0.14% | 13,850 | Common | SOLE |
| 464287622 | IWB | ISHARES TR | $605,720 | 0.14% | 1,622 | Common | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $597,667 | 0.14% | 953 | Common | SOLE |
| 07317Q105 | BTE | BAYTEX ENERGY CORP | $583,244 | 0.13% | 180,571 | Common | SOLE |
| 002474104 | AZZ | AZZ INC | $580,283 | 0.13% | 5,414 | Common | SOLE |
| 78467X109 | DIA | SPDR DOW JONES INDL AVERAGE | $557,461 | 0.13% | 1,160 | Common | SOLE |
| 78468R556 | XOP | SPDR SERIES TRUST | $440,858 | 0.10% | 3,492 | Common | SOLE |
| G3223R108 | EG | EVEREST GROUP LTD | $420,794 | 0.10% | 1,240 | Common | SOLE |
| 921946406 | VYM | VANGUARD WHITEHALL FDS | $410,037 | 0.09% | 2,857 | Common | SOLE |
| 867224107 | SU | SUNCOR ENERGY INC NEW | $406,692 | 0.09% | 9,168 | Common | SOLE |
| 921946794 | VYMI | VANGUARD WHITEHALL FDS | $366,660 | 0.08% | 4,074 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $351,539 | 0.08% | 1,523 | Common | SOLE |
| 78468R853 | SPSM | SPDR SERIES TRUST | $341,703 | 0.08% | 7,292 | Common | SOLE |
| 422704106 | HL | HECLA MNG CO | $326,230 | 0.07% | 17,000 | Common | SOLE |
| 464287614 | IWF | ISHARES TR | $322,317 | 0.07% | 681 | Common | SOLE |
| 87484T108 | TALO | TALOS ENERGY INC | $291,005 | 0.07% | 26,407 | Common | SOLE |
| 00206R102 | T | AT&T INC | $285,536 | 0.07% | 11,495 | Common | SOLE |
| 85208R101 | CEF | SPROTT ASSET MANAGEMENT LP | $280,571 | 0.06% | 6,126 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $274,646 | 0.06% | 7,970 | Common | SOLE |
| 464287598 | IWD | ISHARES TR | $264,187 | 0.06% | 1,256 | Common | SOLE |
| 37954Y871 | URA | GLOBAL X FDS | $261,224 | 0.06% | 6,113 | Common | SOLE |
| 75281A109 | RRC | RANGE RES CORP | $226,863 | 0.05% | 6,434 | Common | SOLE |
| 464287507 | IJH | ISHARES TR | $199,456 | 0.05% | 3,022 | Common | SOLE |
| 464287499 | IWR | ISHARES TR | $173,670 | 0.04% | 1,804 | Common | SOLE |
| 464287879 | IJS | ISHARES TR | $173,153 | 0.04% | 1,523 | Common | SOLE |
| 808524730 | FNDE | SCHWAB STRATEGIC TR | $153,543 | 0.04% | 4,258 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $136,374 | 0.03% | 1,590 | Common | SOLE |
| 464287473 | IWS | ISHARES TR | $128,779 | 0.03% | 913 | Common | SOLE |
| H8817H100 | RIG | TRANSOCEAN LTD | $114,579 | 0.03% | 27,743 | Common | SOLE |
| 808524797 | SCHD | SCHWAB STRATEGIC TR | $52,090 | 0.01% | 1,899 | Common | SOLE |
| 76680V108 | REI | RING ENERGY INC | $50,359 | 0.01% | 57,884 | Common | SOLE |
| 464287390 | ILF | ISHARES TR | $39,585 | 0.01% | 1,300 | Common | SOLE |
| 922908611 | VBR | VANGUARD INDEX FDS | $31,557 | 0.01% | 149 | Common | SOLE |
| 464287184 | FXI | ISHARES TR | $27,186 | 0.01% | 710 | Common | SOLE |
| 922908637 | VV | VANGUARD INDEX FDS | $27,073 | 0.01% | 86 | Common | SOLE |
| 92189F601 | NLR | VANECK ETF TRUST | $26,827 | 0.01% | 216 | Common | SOLE |
| 29259W700 | EU | ENCORE ENERGY CORP | $24,800 | 0.01% | 10,000 | Common | SOLE |
| 464287804 | IJR | ISHARES TR | $23,267 | 0.01% | 194 | Common | SOLE |
| 922908744 | VTV | VANGUARD INDEX FDS | $21,582 | 0.00% | 113 | Common | SOLE |
| 464287309 | IVW | ISHARES TR | $18,489 | 0.00% | 150 | Common | SOLE |
| 922908736 | VUG | VANGUARD INDEX FDS | $17,075 | 0.00% | 35 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $15,963 | 0.00% | 51 | Common | SOLE |
| 37954Y848 | SIL | GLOBAL X FDS | $14,616 | 0.00% | 175 | Common | SOLE |
| 922908553 | VNQ | VANGUARD INDEX FDS | $11,061 | 0.00% | 125 | Common | SOLE |
| 46137V605 | DJD | INVESCO EXCHANGE TRADED FD T | $8,571 | 0.00% | 150 | Common | SOLE |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $7,309 | 0.00% | 133 | Common | SOLE |
| 37954Y699 | EFAS | GLOBAL X FDS | $6,307 | 0.00% | 325 | Common | SOLE |
| 464287606 | IJK | ISHARES TR | $6,200 | 0.00% | 64 | Common | SOLE |
| 78468R549 | XES | SPDR SERIES TRUST | $5,082 | 0.00% | 62 | Common | SOLE |
| 464287408 | IVE | ISHARES TR | $4,092 | 0.00% | 19 | Common | SOLE |
| 464287630 | IWN | ISHARES TR | $2,718 | 0.00% | 15 | Common | SOLE |
| 92189F452 | MORT | VANECK ETF TRUST | $2,522 | 0.00% | 240 | Common | SOLE |
| 464287887 | IJT | ISHARES TR | $2,400 | 0.00% | 17 | Common | SOLE |
| 464287705 | IJJ | ISHARES TR | $1,579 | 0.00% | 12 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $1,305 | 0.00% | 5 | Common | SOLE |
| 922908751 | VB | VANGUARD INDEX FDS | $1,290 | 0.00% | 5 | Common | SOLE |
| 81369Y803 | XLK | SELECT SECTOR SPDR TR | $576 | 0.00% | 4 | Common | SOLE |
| 464287465 | EFA | ISHARES TR | $316 | 0.00% | 3 | 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.