Arnold Van Den Berg

Arnold Van Den Berg

Last Update: 01-11-2017

Number of Stocks: 43
Number of New Stocks: 4

Total Value: $632 Mil
Q/Q Turnover: 10%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Arnold Van Den Berg Watch

  • Wells Fargo Misses 4th Quarter Earnings Expectations

    Wells Fargo & Co. (NYSE:WFC) reported net income of $5.3 billion and diluted earnings per share of 96 cents during fourth-quarter 2016. These values slightly underperform comparable figures during fourth-quarter 2015. Heavy losses in the company’s net hedging ineffectiveness contributed to weaker earnings performance.


    Brief summary of earnings report

      


  • Arnold Van Den Berg Axes 3 Positions in 4th Quarter

    Arnold Van Den Berg (Trades, Portfolio), founder of Century Management, invests in companies that trade 40% to 65% below the company’s intrinsic value. During the fourth quarter, Van Den Berg eliminated his positions in General Motors Inc. (NYSE:GM), US Bancorp (NYSE:USB) and Avid Technology Inc. (NASDAQ:AVID) as these companies have low value potential in early 2017.


    General Motors

      


  • Arnold Van Den Berg's Century Management Sees Further Oil Upside

    Senior managers at Arnold Van Den Berg (Trades, Portfolio)’s Century Management firm on Friday discussed their bullish outlook for oil, a sector that encompasses 15.6% of their investment portfolio as of the third quarter-end.

    Century has enjoyed substantial gains on energy this year as crude prices have stabilized, having ramped up its oil investments at bargain-bin prices. Its best performer, Pioneer Energy Services Corp. (NYSE:PES) advanced 201% year to date, giving the firm an estimated 133% return. Only one of its energy holdings, Ensco PLC (NASDAQ:SEV), has declined, down 35.6% for the year so far, for an estimated 61% loss. Multiple other holdings have more than doubled. Co-chief investment officer Jim Brilliant said in a video released through the firm’s website that he expects further upside.  


  • Agnico Eagle Mines Invests in Cartier Resources

    Cartier Resources Inc. (TSXV:ECRannounced Monday that Agnico Eagle Mines Ltd. (NYSE:AEM) will buy approximately 19.97% of the company's issued and outstanding common shares. This represents 22.5 million ordinary shares. Agnico Eagle will pay 20 cents per share for a total of $4.5 million.


    Cartier's shares will be sold directly to Agnico Eagle through a non-public offering.

      


  • Agnico Eagle Mines Announces Dividend Reinvestment, Share Purchase Plan

    In accordance to its dividend reinvestment and share purchase plan, Agnico Eagle Mines Ltd. (NYSE:AEM) is giving shareholders the opportunity to purchase additional common shares, as announced by the miner.


    The proposal was filed with the Securities and Exchange Commission yesterday. The plan gives investors the opportunity to buy more common shares with cash they will get in the form of a dividend directly from the company.

      


  • Arnold Van Den Berg Exits Synalloy

    Guru Arnold Van Den Berg (Trades, Portfolio), who founded Van Den Berg Management in 1974 and later changed its name to Century Management, sold out his remaining -342,749 shares of Synalloy Corp (NASDAQ:SYNL) for an average price of $7.79 per share during the third quarter. Van Den Berg purchased his initial stake in Synalloy Corp during the third quarter of 2013 at an average price of $15.98 per share. Since his initial purchase three years ago, the company's market price has plummeted an estimated 40%.


    Synalloy Corp has a market cap of $86.59 million, an enterprise value of $112.9 million, a price-book (P/B) ratio of 0.92, a current ratio of 3.34 and a quick ratio of 1.05.

      


  • Arnold Van Den Berg Makes One Buy and Three Large Increases in 3rd Quarter

    Century Management founder Arnold Van Den Berg (Trades, Portfolio) added one new stock to his portfolio and made significant increases to his positions in three others in the third quarter, he reported Monday.


    Century Management is based in Austin, Texas, and has $1.026 billion in assets under management. Van Den Berg, a Holocaust survivor, started the fund in 1974, focusing on buying stocks at discounts to what he believes they are worth.

      


  • Van Den Berg's Best-Performing Buys

    Arnold Van Den Berg has handily beaten all of the indices since founding Century Management in 1974. He manages a portfolio composed of 46 stocks with a total value of $619 million. The following are the best performers of his investments.


    Agnico Eagle Mines Ltd. (AEM) with a market cap of $10.2 billion has performed 74.7% year to date. The stake represents 0.08% of the company's outstanding shares and 1.49% of Van Den Berg's total assets.

      


  • 10 Questions With Conference Speaker Dave Sather

    Dave Sather is the founder of Sather Financial Group, an asset management firm overseeing $400 million, based in Victoria, Texas, and a speaker at the 2017 GuruFocus Value Conference. He answers the questions below to introduce himself.


    1. How did you get into value investing?

      


  • Arnold Van Den Berg Exits Cloud Peak Energy

    Guru Arnold Van Den Berg (Trades, Portfolio) sold out of his position in Cloud Peak Energy (NYSE:CLD) at an average price of $2.04 per share during the second quarter. Van Den Berg originally purchased his stake in the company in the first quarter of 2015, paying an average price of $7.37 per share. Van Den Berg lost an estimated -65% since then, causing him to sell  367,315 shares.


    Cloud Peak Energy is a Delaware corporation that was organized on July 31, 2008. The company is headquartered in Wyoming and is one of the largest U.S. coal producers based on its reported 2015 coal sales. Cloud Peak Energy mines low sulfur, subbituminous coal and provides logistics supply services. The company owns and operates three surface coal mines in the Powder River Basin (PRB), the lowest cost major coal producing region in the nation. The Antelope and Cordero Rojo mines are located in Wyoming and the Spring Creek Mine is located in Montana. In 2015, Cloud Peak Energy shipped approximately 75 million tons from its three mines to customers throughout the U.S. and around the world.

      


  • Arnold Van Den Berg's CM Update: The Fed's Cautious Approach and Our Portfolios

    Federal Reserve Chair Janet Yellen's most recent statements suggest that the federal funds rate could increase this year. Should this occur, we believe it will be modest and have little impact on the long-term values of our various portfolios.

      


  • Van Den Berg Shares What Shaped His Investing Philosophy

    GuruFocus contributor Jae Jun wrote a good article here about value investor Arnold Van Den Berg (Trades, Portfolio). Van Den Berg is the CEO and founder of Century Management, which began in 1974. I had never heard of him but serendipitously learned that he recently gave a lecture at Google. I’ve posted the video below. It’s titled “Experiential Wisdom on Value Investing.”


    Van Den Berg comes across as a very likeable and inspirational person. He spends the first 10 minutes talking about his rough childhood. Van Den Berg grew up during World War II and his family lived down the street from Anne Frank. If you are familiar with the “Diary of Anne Frank,” then you have a good idea of what Van Den Berg’s upbringing was like. He tells the story of two groups of people during the war. One group helped his family hide from the Nazis. Another group turned his family in for extra rations. That episode fascinated him and wanted to understand the difference between the two groups. He eventually realized that it came down to people’s perspective on principles. Some people prioritize their principles above life, and others value their lives over principles.

      


  • Gurus' Stocks With Negative 3 Months Returns

    While gurus are still holding stakes in these companies, the prices of the stocks and returns of the investors are dropping. These are the worst-performing stocks over the last six months that have a long-lasting presence in more than four gurus’ portfolio.


    Key Energy Services Inc. (KEGX) reports a negative performance over the last three months with a price drop of 87.1%. Regardless of this, four mutual funds are holding the company with a total weight of 0.02% on their portfolios.

      


  • Upgrade Your Success With the Upside-to-Downside Ratio

    Out of the millions of people who invest, only 2,600 have watched this video.


    Out of the 2,600 who have watched this video, I bet less than 10% (260 people) will apply this technique.

      


  • Arnold Van Den Berg Exits Stake in Total

    Total (NYSE:TOT) is an integrated oil and gas company. It explores and develops oil and gas properties, liquefied natural gas, petrochemicals and specialty chemicals. It is also engaged in trading and shipping of crude oil and petroleum products. 


    Total is engaged in every sector of the oil industry, including upstream (hydrocarbon exploration, development and production) and downstream (refining, petrochemicals, specialty chemicals, trading and shipping of crude oil and petroleum products and marketing). It also operates in the renewable energies and power generation sectors, where its projects power hundreds of thousands of households across the world including California, United Arab Emirates and Chile.

      


  • Van Den Berg's Best Investments of 2nd Quarter

    Arnold Van Den Berg is a value investor who has been managing Century Management since its founding in 1974. During the second quarter, the guru raised several stakes, and the following are the ones with the highest performances since those buys.


    Liberty Media Corp. (LSXMK)

      


  • Arnold Van Den Berg Buys 6 New Stocks, Gets More Bullish on Oil Companies

    During the second quarter, founder of Austin-based Century Management Arnold Van Den Berg (Trades, Portfolio) cut back on his sizable positioning in gold miners while increasing holdings in health care and oil.


    Overall, Century Management bought six new stocks and sold 36. It had 47 stock investments in total at quarter-end, valued at $597 million. Basic materials stocks as a portion of the portfolio had decreased to 7.9% from 12.2% one year ago. Health care stock representation also grew to 6.5% from 1.9%.

      


  • Van Den Berg Made 6 New Buys in 2nd Quarter

    Arnold Van Den Berg (Trades, Portfolio), who founded Century Management more than 40 years ago, invested in half a dozen new buys in the second quarter. Most of Van Den Berg’s new buys were in health care-related companies, but his largest was not.


    The largest was Van Den Berg’s purchase of a 323,733-share stake in Liberty Media Corp. (NASDAQ:LSXMK), a Colorado-based mass media company. Van Den Berg paid an average price of $31.35 per share in a deal that had a 1.67% impact on the guru’s portfolio.

      


  • Arnold Van Den Berg Sells Coca-Cola, DaVita

    Arnold Van Den Berg (Trades, Portfolio) is a value investor and considers himself a student of Benjamin Graham. His investment research seeks to determine the appraised value of a company, often referred to as intrinsic value.


    The investor reduced his stake in DaVita HealthCare Partners Inc. (DVA) by 75.89% and with an impact of -3.14% on the portfolio.

      


  • Arnold Van Den Berg Buys Stake in Cardinal Health

    During the second quarter, guru Arnold Van Den Berg (Trades, Portfolio) purchased a 77,330 stake in Cardinal Health (NYSE:CAH) at an average price of $79.76 per share. Cardinal Health is one of the largest health care supply chains in North America. The purchase had a 1.01% impact on Van Den Berg’s portfolio.


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