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Century Management

Q2 2019 13F · by Arnold Van Den Berg, CIO

As of
Jun 30, 2019
Filed
Aug 14, 2019
US stock
$671M · prev $727M
Positions
61 · prev 66
Options notional
$0
Documents
1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

  • US stock listed on a US exchange 100.0%
  • Foreign stock not listed in the US 0.0%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 0.0%

Moves59 since the prior filing

The book

Focused · behaves like 24 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Low turnover · 13% a year, about 7.9 years per position

  1. Low
  2. Moderate
  3. High

Top 5 positions35% of US stock

  1. BRK.B BERKSHIRE HATHAWAY Class B trimmed+1.15 pp trimmed+1.1510.0%
  2. BOOM DMC Global Inc. trimmed+1.78 pp trimmed+1.787.7%
  3. ATKR Atkore Inc. trimmed+1.53 pp trimmed+1.537.0%
  4. ATI ATI Inc. trimmed−0.97 pp trimmed−0.975.2%
  5. SLB SLB Limited trimmed−0.13 pp trimmed−0.135.0%

Positions61 in this filing · 8 exited

BRK.BBERKSHIRE HATHAWAY Class B9.99%314,291$67Mtrimmed−2%+1.15 pp25 q
BOOMDMC Global Inc.7.72%817,293$52Mtrimmed−6%+1.78 pp11 q
ATKRAtkore Inc.7.03%1,822,892$47Mtrimmed−2%+1.53 pp11 q
ATIATI Inc.5.22%1,390,549$35Mtrimmed−21%−0.97 pp17 q
SLBSLB Limited4.95%835,628$33Mtrimmed−1%−0.13 pp13 q
WFCWells Fargo & Co.4.53%642,072$30Madded+43%+1.54 pp25 q
9990302DApache Corp4.44%1,028,085$30Mtrimmed−2%−0.54 pp25 q
unresolvedColfax Corp4.42%1,056,706$30Mtrimmed−2%+0.02 pp19 q
DISCKDiscovery Inc-c3.50%824,124$23Mtrimmed−13%+0.18 pp19 q
GVAGranite Construction Inc.3.00%417,650$20Mtrimmed−20%−0.11 pp5 q
CORCencora, Inc.2.91%228,907$20Mtrimmed−3%+0.34 pp13 q
SEASeabridge Gold, Inc.2.78%1,378,718$19Mtrimmed−4%+0.35 pp23 q
DHRDanaher Corporation2.22%104,207$15Mtrimmed−2%+0.30 pp8 q
BFHBread Financial Holdings, Inc.2.16%103,250$14Mtrimmed−2%−0.37 pp14 q
ERABristow Group Inc.2.06%1,654,387$14Mtrimmed−0%−0.57 pp25 q
RIGTransocean LTD.1.99%2,087,120$13Mtrimmed−2%−0.55 pp8 q
MCKMcKesson Corporation1.96%97,679$13Mtrimmed−2%+0.36 pp14 q
PTENPatterson-UTI Energy Inc1.89%1,102,945$13Mtrimmed−1%−0.25 pp16 q
DLTRDollar Tree Inc.1.88%117,232$13Mtrimmed−3%+0.14 pp5 q
AIMCAltra Industrial Motion Corp.1.87%349,797$13Madded+10%+0.51 pp3 q
TRSTrimas Corporation1.59%344,513$11Mheld—11 q
POWLPowell Industries Inc1.41%249,738$9Mtrimmed−0%+0.50 pp25 q
POSTPost Holdings, Inc.1.40%90,241$9Mtrimmed−2%+0.02 pp7 q
SYFSynchrony Financial1.39%269,142$9Mtrimmed−2%+0.19 pp7 q
DVNDevon Energy Corporation1.36%320,705$9Mtrimmed−2%−0.05 pp14 q
MTWThe Manitowoc Company, Inc.1.33%500,074$9Mtrimmed−1%+0.19 pp7 q
BATRKAtlanta Braves Holdings, Inc. Series C1.27%303,669$8Mtrimmed−2%+0.08 pp13 q
ASCArdmore Shipping Corporation1.19%979,111$8Mtrimmed−0%+0.36 pp19 q
UNTUNIT Corporation1.18%888,082$8Mtrimmed−2%−0.60 pp25 q
unresolvedEnsco Rowan PLC1.13%887,847$8Mnew+1.13 ppnew
ACNTAscent Industries Co.1.01%432,994$7Mtrimmed−6%+0.05 pp25 q
HALHalliburton Company0.98%289,856$7Mtrimmed−1%−0.20 pp25 q
VZVerizon Communications0.87%101,775$6Mtrimmed−2%+0.02 pp8 q
MURMurphy Oil Corp.0.69%186,980$5Mtrimmed−0%−0.06 pp11 q
TAT&T Inc.0.62%124,518$4Mtrimmed−5%+0.06 pp4 q
RDIReading International, Inc Class A0.59%305,975$4Mtrimmed−1%−0.09 pp25 q
ALOTAstroNova, Inc.0.54%140,610$4Madded+4%+0.16 pp5 q
MEIMethode Electronics0.53%124,960$4Madded+82%+0.26 pp2 q
IBKRInteractive Brokers Group, Inc. Class A0.39%48,283$3Mtrimmed−0%+0.04 pp10 q
TG7Triumph Group Inc0.37%109,266$3Madded+20%+0.13 pp6 q
FWONKLiberty Media Corporation Series C Liberty Formula One0.36%63,795$2Mtrimmed−5%+0.04 pp13 q
BMCHBMC Stock Holdings, Inc0.32%99,660$2Mheld—6 q
CMCOColumbus McKinnon Corp/NY0.32%51,531$2Mheld—6 q
DWSNDawson Geophysical Company New0.31%832,869$2Mheld—14 q
CDEVPermian Resources Corporation0.30%268,373$2Madded+1%−0.02 pp8 q
CRSCarpenter Technology Corp0.29%40,915$2Mheld—8 q
PESPioneer Energy Services Corp.0.28%7,555,615$2Madded+4%−1.48 pp19 q
KREState Street SPDR S&P Regional Banking ETF0.25%31,340$2Mtrimmed−40%−0.12 pp3 q
INTGIntergroup Corporation (The)0.24%52,440$2Mtrimmed−14%−0.02 pp21 q
COPConocoPhillips0.16%18,040$1Mtrimmed−6%−0.02 pp8 q
unresolvedComstock Mng Inc0.13%4,591,785$872,000trimmed−0%0.00 pp7 q
HLIOHelios Technologies, Inc.0.13%18,190$844,000new+0.13 ppnew
MKLMarkel Group Inc.0.12%721$786,000trimmed−10%+0.01 pp22 q
LDLLydall, Inc.0.11%36,873$745,000trimmed−30%−0.06 pp17 q
ALNTAllient Inc.0.08%14,735$558,000held—6 q
AXPAmerican Express Company0.07%3,680$454,000held—25 q
DONDiamond Offshore Drilling0.06%44,276$393,000trimmed−5%−0.01 pp22 q
FLIRFLIR Systems, Inc. (DE)0.06%8,000$433,000new+0.06 ppnew
AEMAgnico Eagle Mines Ltd.0.04%5,280$271,000held—23 q
BTGB2Gold Corp.0.01%11,300$34,000held—19 q
YRIYamana Gold Inc0.01%13,795$35,000held—23 q
ACTAllergan PLC—−165,054—exited−3.32 pp—
unresolvedEnsco PLC—−3,584,221—exited−1.94 pp—
unresolvedEncana Corp—−174,874—exited−0.17 pp—
PHIIKPHI, Inc. Non-Voting—−1,369,557—exited−0.08 pp—
unresolvedSun Hydraulics Corp—−13,190—exited−0.08 pp—
CSCOCisco Systems, Inc. (DE)—−6,327—exited−0.05 pp—
PFIEProfire Energy, Inc—−192,601—exited−0.05 pp—
DGDollar General Corp.—−1,815—exited−0.03 pp—

Source

Form
13F-HR
Reading
0 defects · 3 unresolved
Accession
0001398344-19-014229
Options
none in this filing
Notes
none in this filing
SEC cross-check
SEC data set not published yet