Arnold Van Den Berg

Arnold Van Den Berg

Last Update: 2014-08-25

Number of Stocks: 78
Number of New Stocks: 9

Total Value: $1,140 Mil
Q/Q Turnover: 13%

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

Arnold Van Den Berg Watch

  • Words of Wisdom and Advice, with Arnold van den Berg of Century Management



  • Investor Arnold Van Den Berg's Top 5 New Second-Quarter Stocks

    Arnold Van Den Berg (Trades, Portfolio), founder of Century Management, told investors at the 11th Annual Value Investor Conference in Omaha, Nebraska in May that he was greatly concerned about the economic consequences of ending quantitative easing. He envisioned that it could be “a repeat of the 1970s” due to the risk of inflation and multiple declines. Even if this happens, he still has faith in U.S. investing.

    “While we are likely to be faced with challenging financial times in the years ahead, I am still a big believer in America over the long run,” he said in his presentation.  


  • Arnold Van Den Berg's Gold Mining Stocks Rally

    Arnold Van Den Berg (Trades, Portfolio) of Century Management drew much notice in the third quarter, when he loaded up his portfolio with mining companies — a group that had plunged in recent years. From its historic peak in September 2011 through the end of 2013, the Market Vectors Gold Miners ETF (GDX) slid by about 67%. This coincided with, though approximately doubled, the fall in gold price, which lost roughly 35% over the same period.


      


  • Arnold Van Den Berg Presentation - Value Investing During Worldwide Quantitative Easing

    I would like to thank you for inviting me and Century Management to be part of this wonderful conference. As I was preparing for this program, I thought that sharing my experiences and lessons learned during the early 1970s, when the country had a high rate of inflation, might be of interest to you as a value investor. I believe this is a relevant topic today, because we may experience higher inflation at some point given the Federal Reserve's— and for that matter most of the world's—embracement of quantitative easing. Although I'm not predicting it, and I am hoping it does not happen, it is possible we could experience a repeat of the 1970s, and therefore, we need to be prepared. The five points I hope to cover today are listed on Chart 2.

      


  • Arnold van den Berg: The Risk of Inflation and How to Protect Your Portfolio Against It

    During the Annual Value Investor’s Conference (May 1-2, Omaha), Austin, Texas based value investing veteran Arnold van den Berg gave an excellent review on the possibility of inflation and what investors should do to protect themselves from it and even profit from it. In early 1970s, when Mr. van den Berg was just starting out, inflation was still tame. But it quickly ramped up to double digits. S&P 500 lost 50% in three years and the overall market valuation dropped dramatically and stayed low for years. He is seeing similar risks in the current market.


    According to his associates, Arnold van den Berg, 74, spent more than a month preparing the slides. The weekends before the presentation, he stayed in the office until 1 am working on it. Mr. van den Berg is a long term yoga practitioner and can do the moves that seemed impossible even to his much younger associates. The presentation was enthusiastic and energetic.

      


  • Arnold Van Den Berg adds Wells Fargo to his Top Five Holdings of the First Quarter

    Arnold Van Den Berg is the founder of Austin-based Century Management. He and his team seek companies that are trading at discounts to their intrinsic value either because they are lesser known, have a short-term problem or are temporarily out of favor.


    As of the close of the first quarter, Century Management held 80 stocks valued at $1.193 billion. The guru bought 14 new stocks during the first quarter for a quarter-over-quarter turnover of 19%. The following five companies are the five largest stock positions held by Century Management as of the close of the first quarter.

      


  • Investor Arnold Van Den Berg Buys Another Slew of Miners in Q1

    Century Management’s Arnold Van Den Berg (Trades, Portfolio) already reported his first quarter portfolio. He bought fewer stocks this quarter than in the previous quarter, with 14 new buys compared to 22. The decreased purchasing could be related to his wariness of the U.S. economy’s stability. In his February note, “Inflation, Gold and Gold Mining Companies,” he wrote:

    “We continue to be concerned about the increasing levels of federal debt, Fed policy and quantitative easing, and the overall lack of political will to change the present course. As a result, we believe that the probability of elevated inflation over the next 5 years has dramatically increased and have been reviewing gold as a potential investment for our portfolios.”  


  • Investor Arnold Van Den Berg Puts 10% of Portfolio in Discounted Gold Mining Stocks

    As gold was finishing its historic three-year rally in 2012, gold mining stocks were beginning their historic two-year crash. In 2013, gold began to pull back, but gold mining stocks plunged by almost twice as much. Value investors who typically heed Warren Buffett (Trades, Portfolio)’s admonition that gold has zero ability to produce began to take notice of the deeply discounted sector that produces the gold.


      

  • Van Den Berg's Century Management Newsletter - Inflation, Gold, and Gold Mining Companies

    Overview:


    •• We continue to be concerned about the increasing levels of federal debt, Fed policy and quantitative easing, and the overall lack of political will to change the present course. As a result, we believe that the probability of elevated inflation over the next 5 years has dramatically increased and have been reviewing gold as a potential investment for our portfolios.

      


  • Latest Stock Trades from Century Management: Buys POT, HWCC, PICO, AU, KGC

    Austin, Texas based value investor Arnold van den Berg just sent his fourth quarter portfolio to GuruFocus. This portfolio is his firm Century Management’s value composite I. Mr. van den Berg likes to invest in high quality companies traded at historical low P/S ratios. This can be seen from his largest purchase during the fourth quarter: Potash Corporation of Saskatchewan, Inc.

    Arnold Van Den Berg (Trades, Portfolio) also buys Layne Christensen Company, Houston Wire & Cable Company, Synalloy Corporation, PICO Holdings, Inc., etc during the 3-months ended 12/31/2013. As of 12/31/2013, Century Management Value Composite I portfolio owns 79 stocks with a total value of $1.1 billion. These are the details of the buys and sells.  


  • Arnold Van Den Berg's 5 Largest of 22 New Stocks of Q4

    Arnold Van Den Berg (Trades, Portfolio), founder of Century Management, seeks stocks selling at discounts to the intrinsic value of the businesses they represents – and this quarter, he found 22. At his firm’s 2013 Client Review, he told the audience about his continued belief in stocks, regardless of the direction of the broader market: “If you buy common stocks, at the right price, it is the best investment you can make compared to all other asset classes even though those asset classes have done good and can even do better if you buy them at the right time.”

    Van Den Berg’s equity portfolio has a fair value of $1.059 billion, and contains 79 stocks, with 10% quarter-over-quarter turnover. For the fourth quarter, the largest of the 22 new buys of his firm were: Potash Corporation of Saskatchewan Inc. (POT), Houston Wire & Cable Company (HWCC), PICO Holdings Inc. (PICO), Anglogold Ashanti Ltd. (AU) and Kinross Gold Corporation (KGC).  


  • Century Management's Year-End Top-Five Holdings

    Arnold Van Den Berg is the founder of Austin-based Century Management. He and his team seek companies that are trading at discounts to their intrinsic value either because they are lesser known, have a short-term problem or are temporarily out of favor.



    As of the fourth quarter Century Management held 79 stocks valued at $1.059 billion. The guru bought 23 new stocks during the fourth quarter for a quarter-over-quarter turnover of 10%. The following five companies are the five largest stock positions held by Century Management as of the close of the fourth quarter.

      


  • Century Management's Co-CIO Jim Brilliant Speaks About the "Value Gap" at the Company Annual Review

    At Century Management's 2013 Client Review CIO Jim Brilliant covers the topic of the "value gap."

    He looks further at opportunities being created by structural shifts in various segments of the economy and several of Century Management's top investment themes of today.  


  • Arnold Van Den Berg - Keynote Address from Century Management's 2013 Client Review

    Proven value investor Arnold Van Den Berg of Century Management speaks in the video below at the company's annual client review.

    Topics covered include positive indicators for investing, current areas of concern, and how to invest in the current environment.  


  • Arnold Van Den Berg Interview with The Wall Street Transcript

    Arnold Van Den Berg, Chairman and Co-Chief Investment Officer, is featured in the December 2013 issue of The Wall Street Transcript.  


  • Arnold Van Den Berg on Investment Strategies



  • Van Den Berg Reduces WIRE, IIVI

    Century Management’s Arnold Van Den Berg heads a portfolio of 64 stocks, seven of them new, and a total value of $1.01 billion, and a quarter over quarter turnover of 5%. The portfolio is currently weighted with top three sectors: technology at 33.3%, financial services at 16.3% and basic materials at 12.8%. Guru Van Den Berg has averaged a return of 12.19% over 12 months.

    In third quarter trading, Arnold Van Den Berg sold out three companies and reduced these two positions, including Encore Wire, one of America's Most Trustworthy Companies, as named by Forbes.  


  • Century Management’s Three Sell Outs

    Arnold Van Den Berg of Century Management has a portfolio of 64 stocks, seven of them new, with a total value of $1.01 billion, and a quarter over quarter turnover of 5%. The portfolio is currently weighted with top three sectors: industrials at 33.3%, technology at 20% and financial services at 16.3%. Guru Van Den Berg has averaged a return of 8.61% over 12 months.

    Here is an update on the three companies Guru Van Den Berg sold out in the third quarter of 2013:  


  • Texas Investor Arnold Van Den Berg's Top New Q3 Stock Buys

    Chairman and Co-Chief Investment Officer of the $2 billion value investing firm Century Management, Arnold Van Den Berg, reported his third-quarter stock holdings this week. He bought seven new stocks during the quarter, for a total of 64 companies represented in the portfolio and a 5% turnover from the previous quarter.

    To determine which stocks to buy, Van Den Berg applies value-investing principles to assign intrinsic value. He then buys at a substantial margin of safety and typically holds for three to five years.  


  • Van Den Berg’s Third Quarter Top Five

    Arnold Van Den Berg is the founder of Austin-based Century Management. He and his team seek companies that are trading at discounts to their intrinsic value either because they are lesser known, have a short-term problem or are temporarily out of favor.

    As of the third quarter Century Management held 64 stocks valued at $1.019 billion. The guru bought seven new stocks during the third quarter for a quarter-over-quarter turnover of 5%. The following five companies are the five largest stock positions held by Century Management as of the close of the third quarter.  


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