Century Management 13F, Q3 2025
Arnold Van Den Berg · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 1142062
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
The 25 largest of 106 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| SPROTT ASSET MANAGEMENT LP | PHYS | $25.62M | 6.4% | unchanged |
| SEABRIDGE GOLD INC | SEA1EUR | $17.94M | 4.5% | unchanged |
| EXXON MOBIL CORP | XOM | $16.61M | 4.2% | -6% shares |
| ALPHABET INC | GOOG | $15.30M | 3.8% | -6% shares |
| COHERENT CORP | COHR | $14.92M | 3.7% | -10% shares |
| LUMEN TECHNOLOGIES INC | LUMN | $14.77M | 3.7% | unchanged |
| BERKSHIRE HATHAWAY INC DEL | BRK/B | $14.00M | 3.5% | unchanged |
| BROOKFIELD CORP | BN | $13.89M | 3.5% | -2% shares |
| EQT CORP | EQT | $12.71M | 3.2% | unchanged |
| DIAMONDBACK ENERGY INC | FANG | $11.88M | 3.0% | unchanged |
| DELL TECHNOLOGIES INC | DELL | $11.13M | 2.8% | unchanged |
| INTERNATIONAL BUSINESS MACHS | IBM | $10.47M | 2.6% | -9% shares |
| VONTIER CORPORATION | VNT | $10.02M | 2.5% | -2% shares |
| QUALCOMM INC | QCOM | $9.71M | 2.4% | unchanged |
| ELEVANCE HEALTH INC FORMERLY | ELV | $9.20M | 2.3% | +54% shares |
| INTEL CORP | INTC | $9.12M | 2.3% | +3% shares |
| UNITEDHEALTH GROUP INC | UNH | $8.92M | 2.2% | +37% shares |
| MICROSOFT CORP | MSFT | $8.87M | 2.2% | unchanged |
| KENNEDY-WILSON HOLDINGS INC | $8.11M | 2.0% | +22% shares | |
| COMSTOCK RES INC | CRK | $7.98M | 2.0% | unchanged |
| DISNEY WALT CO | DIS | $7.74M | 1.9% | unchanged |
| THE CIGNA GROUP | CI | $7.69M | 1.9% | +73% shares |
| SMURFIT WESTROCK PLC | $7.42M | 1.9% | unchanged | |
| DANAHER CORPORATION | DHR | $7.15M | 1.8% | +60% shares |
| ARCH CAP GROUP LTD | $7.12M | 1.8% | +19% shares |
What changed since Q2 2025
Against the Q2 2025 filing, Century Management opened 7 new positions, added to 16, trimmed 28, left 55 unchanged and exited 11. 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 0001398344-25-020913, 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.