This article first appeared on GuruFocus .
Insight into Arnold Van Den Berg ( Trades , Portfolio )'s Fourth Quarter 2025 Investment Strategy
Arnold Van Den Berg ( Trades , Portfolio ) recently submitted the 13F filing for the fourth quarter of 2025, providing insights into his investment moves during this period. Since founding Century Management in 1974, Arnold Van Den Berg ( Trades , Portfolio ) has handily beaten all of the indices. Mr. Van Den Berg is a value investor, and considers himself a student of Benjamin Graham. Arnold 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. Arnold usually holds 35-40 companies when fully invested, and invests primarily in U.S. headquartered companies.
Summary of New Buy
Arnold Van Den Berg ( Trades , Portfolio ) added a total of 22 stocks, among them:
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The most significant addition was Fortive Corp ( NYSE:FTV ), with 51,439 shares, accounting for 0.65% of the portfolio and a total value of $2.84 million.
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The second largest addition to the portfolio was Texas Instruments Inc ( NASDAQ:TXN ), consisting of 5,125 shares, representing approximately 0.2% of the portfolio, with a total value of $889,140.
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The third largest addition was iShares Core S&P 500 ETF ( IVV ), with 1,008 shares, accounting for 0.16% of the portfolio and a total value of $690,380.
Key Position Increases
Arnold Van Den Berg ( Trades , Portfolio ) also increased stakes in a total of 31 stocks, among them:
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The most notable increase was MarketAxess Holdings Inc ( NASDAQ:MKTX ), with an additional 16,382 shares, bringing the total to 30,399 shares. This adjustment represents a significant 116.87% increase in share count, a 0.68% impact on the current portfolio, with a total value of $5,509,820.
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The second largest increase was The Timken Co ( NYSE:TKR ), with an additional 18,011 shares, bringing the total to 59,686. This adjustment represents a significant 43.22% increase in share count, with a total value of $5,021,380.
Summary of Sold Out
Arnold Van Den Berg ( Trades , Portfolio ) completely exited 2 holdings in the fourth quarter of 2025, as detailed below:
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Vital Energy ( VTLE ): Arnold Van Den Berg ( Trades , Portfolio ) sold all 34,588 shares, resulting in a -0.15% impact on the portfolio.
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DMC Global Inc ( NASDAQ:BOOM ): Arnold Van Den Berg ( Trades , Portfolio ) liquidated all 10,209 shares, causing a -0.02% impact on the portfolio.
Key Position Reduces
Arnold Van Den Berg ( Trades , Portfolio ) also reduced positions in 59 stocks. The most significant changes include:
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Reduced Coherent Corp ( NYSE:COHR ) by 18,687 shares, resulting in a -13.49% decrease in shares and a -0.5% impact on the portfolio. The stock traded at an average price of $150.14 during the quarter and has returned 57.68% over the past 3 months and 18.81% year-to-date.
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Reduced Everest Group Ltd ( NYSE:EG ) by 4,078 shares, resulting in a -76.68% reduction in shares and a -0.36% impact on the portfolio. The stock traded at an average price of $329.87 during the quarter and has returned 8.18% over the past 3 months and 1.47% year-to-date.
Portfolio Overview
At the fourth quarter of 2025, Arnold Van Den Berg ( Trades , Portfolio )'s portfolio included 126 stocks, with top holdings including 6.47% in Sprott Physical Gold Trust ( PHYS ), 5.07% in Coherent Corp ( NYSE:COHR ), 4.8% in Seabridge Gold Inc ( NYSE:SA ), 4.26% in Lumen Technologies Inc ( NYSE:LUMN ), and 4.15% in Alphabet Inc ( NASDAQ:GOOG ).
The holdings are mainly concentrated in 9 of the 11 industries: Technology, Financial Services, Energy, Healthcare, Communication Services, Industrials, Basic Materials, Real Estate, and Consumer Cyclical.
