GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Arnold Van Den Berg’s Top Five Portfolio Holdings

Monica Wolfe

Monica Wolfe

119 followers
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 second quarter Century Management held 60 stocks valued at $975 million. The guru bought three stocks during the second quarter for a quarter-over-quarter turnover of 7%. The following five companies are the five largest stock positions held by Century Management as of the close of the second quarter.



Cisco Systems (CSCO)

Van Den Berg’s largest position is in Cisco where the guru holds on to 2,114,353 shares. His position in the company represents 0.04% of the company’s shares outstanding and 5.3% of his total portfolio.

During the second quarter Van Den Berg reduced his position by -8.37%. The guru sold a total of 193,090 shares in the second quarter price range of $20.38 to $24.82, with an estimated average price of $22.50. The price per share has increased about 4.4% since then.

Van Den Berg’s holding history as of the second quarter:

1377705712255.png

The company sells networking and communications products and provides related services. The company's two main products are switches and routers, but Cisco essentially touches everything in the networking industry, from security to storage to application switching.

Cisco’s historical revenue and net income:

1377710448536.png

The Peter Lynch Chart suggests that the company is currently undervalued:

1377710597288.png

Cisco Systems has a market cap of $125.25 billion. Its shares are currently trading at around $23.44 with a P/E ratio of 13.10, a P/S ratio of 2.60 and a P/B ratio of 2.20. The company had an annual average earnings growth of 8.7% over the past 10 years.

GuruFocus rated the company the business predictability rank of 3.5-star.

Jacobs Engineering (JEC)

Van Den Berg’s second largest holding is in Jacobs Engineering where the guru maintains 918,587 shares of the company’s stock. His position represents 0.70% of the company’s shares outstanding and 5.2% of his total portfolio.

During the second quarter Van Den Berg reduced his holdings -7.79% by selling a total of 77,610 shares. He sold these shares in the second quarter price range of $49.02 to $57.78, with an estimated average price of $53.68. Since then the share price has increased about 8.5%.

Van Den Berg’s holding history as of the second quarter:

1377706354808.png

Jacobs Engineering is a professional services firm in the U.S. Its business focuses on providing a range of technical, professional and construction services to a large number of industrial, commercial and governmental clients around the world.

Jacobs Engineering’s historical revenue and net income:

1377715190110.png

The Peter Lynch Chart suggests that the company is currently overvalued:

1377715224536.png

Jacobs Engineering has a market cap of $7.73 billion. Its shares are trading at around $58.78 with a P/E ratio of 18.30, a P/S ratio of 0.70 and a P/B ratio of 1.90. The company had an annual average earnings growth of 12.5% over the past 10 years.

Newmont Mining Corporation (NEM)

The guru’s third largest position is in Newmont Mining Corporation. The guru holds on to 1,668,084 shares, representing 0.34% of the company’s shares outstanding and 5.1% of his total portfolio.

During the second quarter Van Den Berg upped his stake by 68.01%. The guru purchased 675,225 shares in the price range of $27.22 to $41.64, with an estimated average quarterly price of $33.57 per share. The share price has since then dropped an additional -4.3%.

Van Den Berg’s holding history as of the second quarter:

1377706734206.png

The company is a gold producer with significant operations and/or assets in the U.S., Australia, Peru, Indonesia, Ghana, New Zealand and Mexico.

Newmont’s historical revenue and net income:

1377717469390.png

Newmont Mining has a market cap of $15.76 billion. Its shares are currently trading at around $31.98 with a P/E ratio of 9.60, a P/S ratio of 1.80 and a P/B ratio of 1.90. The company had an annual average earnings growth of 12.5% over the past 10 years.

Berkshire Hathaway (BRK.B)

Van Den Berg’s fourth largest position is in Berkshire Hathaway. The guru holds on to 389,535 shares, representing 0.02% of the company’s shares outstanding and 4.5% of his total portfolio.

The guru decreased his position in Berkshire Hathaway -8.02% over the second quarter. Van Den Berg sold 33,980 shares in the second quarter price range of $103 to $115.31, with an estimated average price of $110.02. Since then the share price has increased an additional 1.4%.

Van Den Berg’s holding history as of the second quarter:

1377709854300.png

Berkshire Hathaway is a holding company owning subsidiaries engaged in a number of diverse business activities, including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, service and retailing.

Berkshire Hathaway’s historical revenue and net income:

1377717632475.png

The Peter Lynch Chart suggests that the company is currently undervalued:

1377717753623.png

Berkshire Hathaway has a market cap of $262.23 billion. Its shares are currently trading at around $112.20 with a P/E ratio of 14.70, a P/S ratio of 1.50 and a P/B ratio of 1.30. The company had an annual average earnings growth of 7.8% over the past 10 years.

GuruFocus rated Berkshire Hathaway the business predictability rank of 3-star.

Corning (GLW)

The guru’s fifth largest position is in Corning. The guru holds on to 2,986,230 shares, representing 0.20% of the company’s shares outstanding and 4.4% of his total portfolio.

During the second quarter Van Den Berg reduced his position -7.32% by selling a total of 235,900 shares. He sold these shares in the second quarter price range of $12.82 to $16.31, with an estimated average price of $14.54. The price per share has dropped about -2.2% since then.

Van Den Berg’s holding history as of the second quarter:

1377710030617.png

Corning is a provider of high-performance glass, optical fiber and cable and hardware and equipment products, ceramic substrates, laboratory products and specialized polymer products, advanced optical materials and other technologies.

Corning’s historical revenue and net income:

1377718198234.png

The Peter Lynch Chart suggests that the company is currently undervalued:

1377718247679.png

Corning has a market cap of $20.71 billion. Its shares are currently trading at around $14.18 with a P/E ratio of 11.00, a P/S ratio of 2.60 and a P/B ratio of 1.00. The company had an annual average earnings growth of 10.4% over the past five years.

Check out Arnold Van Den Berg’s second quarter portfolio here.

Try a free 7-day premium membership here.

Rating: 2.3/5 (6 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide