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

  • 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.

      


  • Arnold Van Den Berg Cuts Stake in Coca-Cola by Nearly Half

    Arnold Van Den Berg, who founded Century Management in 1974, reduced 39 stakes in the fourth quarter with most reductions below 10%. Following are his largest reductions.


    The largest reduction was in Great Lakes Dredge & Dock Corp. (GLDD) in which he reduced his stake by 99.87% with an impact of -0.68% on the portfolio.

      


  • Guru Sheds Nearly Entire Stake in Great Lakes Dredge & Dock

    Guru Arnold Van Den Berg (Trades, Portfolio) slashed his stake by nearly 100% in Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) in the fourth quarter.


    Van Den Berg is a long-term value investor who got his securities license 48 years ago. He began his career working for John Hancock Financial insurance where he saw some of the toughest bear markets in the history of the stock market. It was during these years that Van Den Berg discovered Benjamin Graham and David Dodd. Through his research on their highly successful value discipline investment philosophy, Van Den Berg decided to start his own investing firm. In 1974 he founded Century Management. The firm currently owns 70 stocks with a total value of over $561 million.

      


  • Van Den Berg Reduces Position in 5-Star Company

    Guru Arnold Van Den Berg (Trades, Portfolio) began his investment career shortly after receiving his securities license in 1968. From there he began to work for John Hancock Insurance and then Capital Securities. Van Den Berg worked for the next six years while seeing some of the worst declines on Wall Street since the Great Depression. He turned adversity into his advantage and he began to study Benjamin Graham's mental models for investing. In 1974, Van Den Berg founded Van Den Berg Management, which is now known as Century Management.


    In the fourth quarter of 2015, Van Den Berg reduced his holdings in Chicago Bridge & Iron Co. (NYSE:CBI).

      


  • Arnold Van Den Berg's Top 4th Quarter Buys

    Arnold Van Den Berg (Trades, Portfolio) acquired 17 new stocks during the fourth quarter. He founded Century Management in 1974. As a value investor and student of Benjamin Graham, Van Den Berg has handily beaten all of the indices. The following are a few of his new buys


    He bought 145,130 shares in Jardine Matheson Holdings Ltd. (JMHLY) with an impact of 1.25% on the portfolio. He now holds 0.02% of the company's outstanding shares.

      


  • Van Den Berg Sells Nearly One-Third of Stake in Markel

    Arnold Van Den Berg (Trades, Portfolio), who founded Century Management in 1974, made 17 new buys in the fourth quarter, but his most noteworthy transaction was a reduction.


    Van Den Berg sold more than 32% of his stake in Markel Corporation (NYSE:MKL), a Henrico County, Virginia-based holding company, selling 11,007 shares for an average price of $871.24 per share. The deal had a -1.51% impact on Van Den Berg’s portfolio.

      


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