Arnold Van Den Berg

Arnold Van Den Berg

Last Update: 2014-04-08

Number of Stocks: 80
Number of New Stocks: 14

Total Value: $1,193 Mil
Q/Q Turnover: 19%

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

Arnold Van Den Berg' s Profile & Performance

Profile

Since founding Century Management in 1974, Arnie Van Den Berg has handily beaten all of the indices. Mr. Van Den Berg is a value investor, and considers himself a student of Benjamin Graham.

Web Page:http://www.centman.com/

Investing Philosophy

Arnie applies value investment strategies as his investment philosophy. His investment research seeks to determine the appraised value of a company, often referred to as intrinsic value. Investments are then made at a significant discount, normally 40% to 65% below the company's current intrinsic value. This is his margin of safety. Arnie usually holds 35-40 companies when fully invested, and invests primarily in U.S. headquartered companies.

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of CM Value I Composite

YearReturn (%)S&P500 (%)Excess Gain (%)
201318.1531.55-13.4
201216.2415.40.8
20110.122.08-2.0
3-Year Cumulative37.5 (11.2%/year)55 (15.7%/year)-17.5 (-4.5%/year)
201011.9115.06-3.2
200924.1726.46-2.3
5-Year Cumulative91.1 (13.8%/year)125.5 (17.7%/year)-34.4 (-3.9%/year)
2008-33.49-373.5
2007-5.415.61-11.0
200614.3115.79-1.5
200510.464.915.6
20049.0612-2.9
10-Year Cumulative65.5 (5.2%/year)104.1 (7.4%/year)-38.6 (-2.2%/year)
200325.2928.7-3.4
2002-0.43-22.121.7
200110-11.921.9
200043.62-9.152.7
199932.142111.1
15-Year Cumulative331.1 (10.2%/year)98.3 (4.7%/year)232.8 (5.5%/year)
19982.1728.6-26.4
199717.9733.4-15.4
199622.8623-0.1
199514.1637.6-23.4
19942.821.31.5
20-Year Cumulative649.3 (10.6%/year)483.2 (9.2%/year)166.1 (1.4%/year)
199310.4810.10.4
19927.117.6-0.5
199113.9430.5-16.6
1990-9.17-3.1-6.1
198913.0631.7-18.6
25-Year Cumulative937.5 (9.8%/year)1050.7 (10.3%/year)-113.2 (-0.5%/year)
198817.0616.60.5
19877.755.12.7
198628.6518.610.0
198523.5231.6-8.1
19846.66.10.5
30-Year Cumulative2116.8 (10.9%/year)2235.1 (11.1%/year)-118.3 (-0.2%/year)
198327.7122.45.3
198219.3321.4-2.1
198114.63-519.6
198024.1232.3-8.2
0000.0
35-Year Cumulative4706.6 (11.7%/year)4261.1 (11.4%/year)445.5 (0.3%/year)

Top Ranked Articles

GuruFocus Interview with Investor Arnold Van Den Berg
Arnold Van Den Berg is a value investor with 43 years of industry experience and founder of $2 billion firm Century Management. A short time ago, GuruFocus readers asked him their investing questions. His responses, in which he discusses MDC Holdings Inc. (MDC), Toll Brothers (TOL), Microsoft (MSFT), Dell (DELL), Cisco (CSCO), Applied Materials (AMAT), Walmart (WMT), Wells Fargo (WFC), are below: Read more...
CPI Corp: Buy at a 90% Discount from the Price Paid by Our Guru Arnold Van Den Berg
In the search for the highest dividend yield company with a significant drop in stock price, one penny stock appears first in the list. This company has paid a dividend continuously for more than 20 years, excluding two quarters in 2009, and from the end of 2009 it kept paying dividends at an increasing rate. The total dividend paid in 2011 was $1 per share, and now the share price is down to $1.8 per share, giving a dividend yield of nearly 56%. We can have a look at the price movement and the dividend payments in the Google stock price chart below. Read more...
Arnold van den Berg Review of Economy
The presentation took place on June 30, 2011, at the Houstonian Hotel in Houston, Texas. During this luncheon review, Arnold Van Den Berg, Century Management's founder and CEO, was the featured speaker. Read more...
Why Does Arnold Van Den Berg Love Automatic Data Processing (ADP) Why Does Arnold Van Den Berg Love Automatic Data Processing (ADP) -- Should You Buy ADP at $46?
Arnold Van Den Berg owns 768,519 shares of Automatic Data Processing (ADP). While the stock is only his 13th largest position – it’s one of the highest quality companies in his portfolio. That’s why Arnold Van Den Berg chose to write about ADP in his most recent letter to investors. Read more...
Arnold Van Den Berg Weighs In on Debt Ceiling Debate in New Letter
Over the past several months, financial markets have been dealing with the possibility that the U.S. will reach the limits of its borrowing ability on August 2(1) and default on its debts. The purpose of this letter is to give you some perspective on the debt ceiling debate. Read more...
» More Arnold Van Den Berg Articles

To understand more about how Arnold Van Den Berg invest, please read GuruFocus Interview with Investor Arnold Van Den Berg.

Also please read:

"Take my word for it, these stocks are cheap. They have enormous growth potential, too." is an interview with Century Management, published in the August 30,2006 issue of Outstanding Investor Digest. This 26-page PDF was excerpted from the full 45-page feature. If you would like the complete article, contact our office.

"Well, so far, so good. During the past 31+ years, clients of Century Management have earned a compound return of 15.6% per year after all fees and expenses (before fees, they've earned 17.1%) versus 13.5% and 12.4% per year for the S&P 500 and the NASDAQ, respectively. By the way, those figures include clients' holdings in cash and bonds..."
read the article


"If past bubbles are any indication, this one's aftermath will be a doozy." was published in the April 30, 2004 issue of Outstanding Investor Digest. This 18-page PDF was excerpted from a talk given by Arnold Van Den Berg to Century Management clients in January of 2004.



"Since founding Century Management back in 1974, Arnie Van Den Berg has handily beaten all of the indices. Through March 31,2004, he's managed to earn returns of 17.6% per year before fees versus 13.9% and 12.8% per year for the S&P 500 and the NASDAQ respectively..."
read the article

 

"November, 2010 Value Investor Newsletter" (11/26/10)

"The scope of this publication is the greatest since our December, 2004 issue of the CM Value Investor..." (Please note that this is an 84 page document and a 2.5MB download. To simplify your navigation through the document, we have provided bookmarks for each subject heading. To access the bookmarks, click the small triangle on the left edge of the PDF's screen. That will open the bookmark panel.)
Read the article

"October, 2009 Value Investor Newsletter" (10/12/09)

"As we begin our fourth quarter, we would like to update you on our year-to-date results, as well as share with you some of our overall thoughts..."
Read the article

"July, 2009 Value Investor Newsletter" (7/25/09)

"The economic deterioration that took place at the end of 2008 through the first part of 2009 was both swift and severe..."
Read the article

"Is Inflation In Our Future?" (3/26/09)

"Many of our clients are concerned by the actions taken by the Federal Reserve and Congress. The debt incurred by vaious "bailout" plans and the expansion of the Federal Reserve balance sheet are the biggest of these concerns..."
Read the article

 

Commentaries and Stories

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Dividend Discount Model Indicates a Buy for Potash Corporation
Potash Corporation of Saskatchewan Inc. (POT) is the world's largest integrated fertilizer and related industrial and feed products company by capacity. The company aims to be the lead supplier of potash, nitrogen and phosphate products. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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

  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

Investor Arnold Van Den Berg Buys Another Slew of Miners in Q1 Arnold Van Den Berg - 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: More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Five-Year Lows: LinnCo LLC, Suburban Propane Partners LP, Fresh Market Inc. and Molycorp Inc.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: LinnCo LLC, Suburban Propane Partners LP, Fresh Market Inc, and Molycorp Inc. More...

  • Currently 4.44/5

Rating: 4.4/5 (9 votes)

Investor Arnold Van Den Berg Puts 10% of Portfolio in Discounted Gold Mining Stocks Arnold Van Den Berg - 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. More...

  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

Should Alcoa Be in a Portfolio?
Alcoa Inc. (AA) is one of the world's largest producers of primary aluminum as well as one of the world's largest suppliers of alumina, an intermediate raw material used to make aluminum products for a variety of end-markets. Alcoa is involved in every step of the aluminum-production process, from bauxite mining to the sale of specialized aluminum products. Aluminum demand and pricing are poised to recover from great lows, driving significant earnings growth potential for the company. The firm's competitor includes Aluminum Corporation Of China Limited (ACH). More...

LONG, ALUMINUM, ALUMINA, BASIC, MATERIALS, MINING


  • Currently 2.67/5

Rating: 2.7/5 (3 votes)

Van Den Berg's Century Management Newsletter - Inflation, Gold, and Gold Mining Companies Arnold Van Den Berg - Van Den Berg's Century Management Newsletter - Inflation, Gold, And Gold Mining Companies
Overview: More...

  • Currently 4.32/5

Rating: 4.3/5 (25 votes)

BlackBerry - I Was Lucky Arnold Van Den Berg,Howard Marks - BlackBerry - I Was Lucky
More than three months ago, I wrote the following article about what I thought was a merger arbitrage play on the announced Fairfax (TSX:FFH) and BlackBerry (BBRY) deal: More...

  • Currently 4.00/5

Rating: 4.0/5 (2 votes)

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. More...

  • Currently 4.67/5

Rating: 4.7/5 (3 votes)

Arnold Van Den Berg's 5 Largest of 22 New Stocks of Q4 Arnold Van Den Berg - 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.” More...

  • Currently 3.17/5

Rating: 3.2/5 (6 votes)

Century Management's Year-End Top-Five Holdings Arnold Van Den Berg - 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. More...

  • Currently 5.00/5

Rating: 5.0/5 (5 votes)

With a Real Improvement in New Home Construction, Here Is a Stock with Long-term Turnaround
In a macro view, the Construction & Engineering industry includes companies that design, manufacture and install products for the residential & commercial construction and automotive markets. The industry is characterized by its cyclicality to the U.S. economy. I think the level of new construction or the sales of existing houses will remain favorable, so we are expecting a positive outlook for the sub-industry. With this promising outlook, let's take a look at Gabelli´s last trade and try to explain to investors the reasons of this appealing investment opportunity. More...

LONG, CONSTRUCTION, INDUSTRIALS, RECOVERY, LAYN, AEGN, ENOC, MYRG, PIKE


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

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." More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

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. More...

  • Currently 3.67/5

Rating: 3.7/5 (3 votes)

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. In this issue's guest interview, Arnold discusses Century Management's bottom-up, value-based investment approach, which focuses on absolute value in order to provide clients with consistent investment results. Arnold also discusses several current investment themes and holdings which include: • Benefits of low cost energy for chemical and engineering firms (JEC, CDI) • Manufacturing renaissance taking place due to new technology (GLW, INTC, IBM) • Opportunities for builders due to the continued housing recovery (MDC, TOL) • Opportunities for various commodities and materials companies (LAYN, AA, LODE) Read the interview here. More...

  • Currently 4.50/5

Rating: 4.5/5 (2 votes)

Arnold Van Den Berg on Investment Strategies
  • Currently 4.67/5

Rating: 4.7/5 (3 votes)

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. More...

ELECTRONIC COMPONENTS, SCIENTIFIC & TECHNICAL INSTRUMENTS


  • Currently 4.33/5

Rating: 4.3/5 (3 votes)

Century Management’s Three Sell Outs Arnold Van Den Berg - 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. More...

SEMICONDUCTOR EQUIPMENT & MATERIALS, BUILDING MATERIALS, CONTRACT MANUFACTURERS


  • Currently 4.00/5

Rating: 4.0/5 (9 votes)

Texas Investor Arnold Van Den Berg's Top New Q3 Stock Buys Arnold Van Den Berg - 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. More...

  • Currently 3.67/5

Rating: 3.7/5 (6 votes)

Van Den Berg’s Third Quarter Top Five Arnold Van Den Berg - 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. More...

Add Notes, Comments or Ask Questions

User Comments

No comment yet

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
Hide