Century Management 13F, Q4 2025
Arnold Van Den Berg · quarter ending 31 December 2025 · filed 17 February 2026 · SEC CIK 1142062
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2025
The 25 largest of 126 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| SPROTT ASSET MANAGEMENT LP | PHYS | $28.23M | 6.5% | unchanged |
| COHERENT CORP | COHR | $22.12M | 5.1% | -14% shares |
| SEABRIDGE GOLD INC | SEA1EUR | $20.93M | 4.8% | -5% shares |
| LUMEN TECHNOLOGIES INC | LUMN | $18.60M | 4.3% | unchanged |
| ALPHABET INC | GOOG | $18.13M | 4.2% | -8% shares |
| EXXON MOBIL CORP | XOM | $16.97M | 3.9% | -4% shares |
| BROOKFIELD CORP | BN | $13.65M | 3.1% | +47% shares |
| BERKSHIRE HATHAWAY INC DEL | BRK/B | $13.63M | 3.1% | -3% shares |
| DIAMONDBACK ENERGY INC | FANG | $12.73M | 2.9% | unchanged |
| EQT CORP | EQT | $12.32M | 2.8% | unchanged |
| INTERNATIONAL BUSINESS MACHS | IBM | $10.92M | 2.5% | unchanged |
| QUALCOMM INC | QCOM | $9.87M | 2.3% | unchanged |
| DELL TECHNOLOGIES INC | DELL | $9.81M | 2.3% | unchanged |
| INTEL CORP | INTC | $9.53M | 2.2% | -5% shares |
| ELEVANCE HEALTH INC FORMERLY | ELV | $9.46M | 2.2% | -5% shares |
| COMSTOCK RES INC | CRK | $9.29M | 2.1% | unchanged |
| VONTIER CORPORATION | VNT | $8.66M | 2.0% | -2% shares |
| KENNEDY-WILSON HOLDINGS INC | $8.65M | 2.0% | -8% shares | |
| UNITEDHEALTH GROUP INC | UNH | $8.62M | 2.0% | unchanged |
| THE CIGNA GROUP | CI | $8.44M | 1.9% | +15% shares |
| MICROSOFT CORP | MSFT | $8.38M | 1.9% | unchanged |
| DANAHER CORPORATION | DHR | $8.20M | 1.9% | unchanged |
| THERMO FISHER SCIENTIFIC INC | TMO | $8.05M | 1.9% | -3% shares |
| ARCH CAP GROUP LTD | $7.72M | 1.8% | +3% shares | |
| DISNEY WALT CO | DIS | $7.57M | 1.7% | unchanged |
What changed since Q3 2025
Against the Q3 2025 filing, Century Management opened 22 new positions, added to 22, trimmed 36, left 46 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 0001398344-26-003217, 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.