Arnold Van Den Berg

Arnold Van Den Berg

Last Update: 07-15-2016

Number of Stocks: 47
Number of New Stocks: 6

Total Value: $597 Mil
Q/Q Turnover: 11%

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

Arnold Van Den Berg Watch

  • 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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  • Century Management's Perspective on the Brexit Vote

    After months of headlines about the so-called Brexit vote, last Thursday, June 23, the United Kingdom (“UK”) voted 52% to 48% to leave the European Union (“EU”). The issues fueling the frustration and unhappiness of so many British citizens with the previous status quo are three-fold:

      


  • Stocks Richard Pzena Has Bought for 2 Quarters

    Richard Pzena (Trades, Portfolio) is founder and co-chief investment officer of Pzena Investment Management LLC, with more than $24 billion under management. In both fourth quarter 2015 and first quarter 2016 the guru bought shares in the following stocks:


    Key Energy Services Inc. (KEG)

      


  • Kohl’s Makes Historical Low P/S and Historical Low P/B Lists

    The two “Historical Low” screeners, Historical Low P/S and Historical Low P/B, picked Kohl’s Corp. (NYSE:KSS) as one of the most undervalued stocks in the retail industry.


    Companies that have historical low P/S and P/B ratios usually become top stocks to buy among gurus. According to the January 2010 new feature announcement, Arnold Van Den Berg (Trades, Portfolio) of Century Management predominantly uses the low P/S strategy to choose stocks in which to invest. Since 2010, the historical low P/S and historical low P/B strategies have outperformed the Standard & Poor’s 500 index nearly each and every year, as summarized in the table below.

      


  • IBM Has More Than Doubled Dividend in 6 Years

    International Business Machines Corporation (NYSE:IBM) has raised its quarterly dividend to $1.40 per share or $5.60 on an annual basis from its previous $1.30 per share or $5.20 per year. The company has a great history of returning value to its shareholders, and we can state that because the firm has increased its dividend every year over the last 21 years.


    Last year the dividend payout was supported by $13.42 diluted EPS. Earnings were growing at a compound annual growth rate of 9%, while dividends grew at a rate of 18%. However, this situation of dividends growing faster than earnings can continue in the future as the current payout ratio is 0.39. During the past 13 years, the highest dividend payout ratio was 0.62, the lowest was 0.09 and the median was 0.19.

      


  • Arnold Van Den Berg Buys Shares of Helicopter Operating Company

    Guru Arnold Van Den Berg (Trades, Portfolio) began his investment career in 1968 after he received his securities license. From there, Van Den Berg worked at John Hancock Insurance and then for Capital Securities. It was during this time when the market saw one of the worst declines in Wall Street histroy when the stock market lost 46% of its value in a single calendar year from 1973 to 1974.


    In 1974, he founded Van Den Berg Management, which is now known as Century Management and currently owns 77 stocks with a total valuation of $583 million.

      


  • Arnold Van Den Berg's Largest Buys in 1st Quarter

    Arnold Van Den Berg is a value investor who founded Century Management in 1974. He applies value investment strategies as his investment philosophy. He focused his first-quarter buys as follows:


    The guru increased his stake in Allegheny Technologies Inc. (ATI) by 66.47%  with an impact of 2.16% on the portfolio.

      


  • Van Den Berg Almost Sells Out 4 Stakes in 1st Quarter

    Not so long ago Arnold Van Den Berg (Trades, Portfolio) regularly sold out several stakes in his portfolio each quarter. In the fourth quarter of 2015, he sold one stake – the first time he sold only one in a quarter since the second quarter of 2012 – and he sold only two in the first quarter, but he came close to selling out four more.


    Van Den Berg sold 99.87% – 721,883 shares – of his stake Chicago Bridge & Iron Co. NV (NYSE:CBI), a Chicago-based engineering, construction and oil and gas company, for an average price of $35.75 per share. The transaction had a -5.01% impact on Van Den Berg’s portfolio and left him with a stake in the company of 970 shares.

      


  • Early Oil Investor Arnold Van Den Berg Keeps Buying Energy Stocks in Q1

    A guru investor from Austin, Arnold Van Den Berg (Trades, Portfolio), predicted $70 oil by the end of the year. With the price of a barrel of Bren crude oil hovering around $44, Van Den Berg signaled he still believes his case by buying three new energy-related companies in the first quarter.


    Van Den Berg outlined his thesis on oil in a January paper, “CM Outlook for Oil,” from his advisory firm, Century Management. In the paper, Van Den Berg said the second half of the year should bring higher prices as U.S. production declines, OPEC continues full production and spare capacity falls to near zero.

      


  • Arnold Van Den Berg Ups Holding in Comstock Mining

    Guru Arnold Van Den Berg (Trades, Portfolio) began his investment career 48 years ago working for John Hancock Insurance and then for Capital Securities. During this time, Van Den Berg saw some of the greatest bear markets in history, which helped him to fully learn and understand how the stock market functioned.


    In 1974, he founded Van Den Berg Management, which is now known as Century Management. Today Century Management currently owns 77 stocks with a total value of $583 million.

      


  • Undervalued Companies With Growing EPS

    Companies with growing EPS are often a good investment as they can return a very good profit to investors. Here is a selection of the most undervalued companies according to the DCF calculator that have a five-year growing EPS.


    Atwood Oceanics Inc. (ATW) EPS grew by 11% over the last five years and according to the DCF calculator, the stock is undervalued and is trading with a margin of safety of 95%.

      


  • Gold Miners Rebounding as Gold Rises

    As the market melts, gold is glittering and returning gold miners some of their lost luster.


    After a five-year, 56% slide, the S&P/TSX Global Mining Index has begun to form a second leg of a v-shape, rising 16.6% year to date. The SPDR Gold Trust ETF (GLD) traveled in almost lock step, up 17.7% year to date, defying the market’s 0.54% retreat.

      


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