Century Management 13F, Q2 2025
Arnold Van Den Berg · quarter ending 30 June 2025 · filed 14 August 2025 · SEC CIK 1142062
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
The 25 largest of 110 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| SPROTT PHYSICAL GOLD TR | PHYS | $21.97M | 6.2% | unchanged |
| EXXON MOBIL CORP | XOM | $16.90M | 4.8% | -4% shares |
| COHERENT CORP | COHR | $13.70M | 3.9% | unchanged |
| BERKSHIRE HATHAWAY INC DEL | BRK/B | $13.59M | 3.9% | -4% shares |
| EQT CORP | EQT | $13.45M | 3.8% | unchanged |
| BROOKFIELD CORP | BN | $12.84M | 3.6% | unchanged |
| INTERNATIONAL BUSINESS MACHS | IBM | $11.98M | 3.4% | -4% shares |
| ALPHABET INC | GOOG | $11.86M | 3.4% | unchanged |
| DIAMONDBACK ENERGY INC | FANG | $11.28M | 3.2% | unchanged |
| COMSTOCK RES INC | CRK | $10.94M | 3.1% | -2% shares |
| SEABRIDGE GOLD INC | SEA1EUR | $10.93M | 3.1% | unchanged |
| LUMEN TECHNOLOGIES INC | LUMN | $10.60M | 3.0% | unchanged |
| DELL TECHNOLOGIES INC | DELL | $9.61M | 2.7% | +9% shares |
| QUALCOMM INC | QCOM | $9.29M | 2.6% | +3% shares |
| VONTIER CORPORATION | VNT | $9.03M | 2.6% | +3% shares |
| MICROSOFT CORP | MSFT | $8.57M | 2.4% | +23% shares |
| DISNEY WALT CO | DIS | $8.50M | 2.4% | unchanged |
| SMURFIT WESTROCK PLC | $7.58M | 2.1% | unchanged | |
| ELEVANCE HEALTH INC | ELV | $7.18M | 2.0% | +7% shares |
| SCHLUMBERGER LTD | SLB | $6.37M | 1.8% | unchanged |
| PERMIAN RESOURCES CORP | PR | $6.29M | 1.8% | unchanged |
| ARCH CAP GROUP LTD | $6.00M | 1.7% | +39% shares | |
| INTEL CORP | INTC | $5.90M | 1.7% | +4% shares |
| UNITEDHEALTH GROUP INC | UNH | $5.88M | 1.7% | +88% shares |
| THERMO FISHER SCIENTIFIC INC | TMO | $5.76M | 1.6% | +66% shares |
What changed since Q1 2025
Against the Q1 2025 filing, Century Management opened 10 new positions, added to 25, trimmed 30, left 45 unchanged and exited 2. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001398344-25-015399, filed by VAN DEN BERG MANAGEMENT I, INC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.