Century Management

Q2 2024 13F · by Arnold Van Den Berg, CIO

As of: Jun 30, 2024
Filed: Aug 14, 2024
US stock: $337M · prev $341M
Positions: 108 · prev 111
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%

Moves89 since the prior filing

+9.5 pp in · −9.5 pp out

New 3 +0.25 pp
Added 28 +9.22 pp
Trimmed 52 −2.33 pp
Exited 6 −7.16 pp

The book

Focused · behaves like 34 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 38% a year, about 2.6 years per position

Low
Moderate
High

Top 5 positions28% of US stock

Positions108 in this filing · 6 exited


BRK.BBERKSHIRE HATHAWAY Class B	6.64%	54,967	$22M	trimmed−3%	−0.33 pp	45 q
XOMExxon Mobil Corp	6.63%	194,048	$22M	added×103.5	+6.57 pp	2 q
FANGDiamondback Energy, Inc.	5.11%	86,056	$17M	trimmed−3%	−0.07 pp	16 q
PHYSSprott Physical Gold Trust	4.82%	898,581	$16M	added+2%	+0.34 pp	15 q
GOOGAlphabet Inc. Class C	4.40%	80,840	$15M	trimmed−14%	+0.18 pp	18 q
COHRCoherent Corp.	3.67%	170,640	$12M	trimmed−8%	+0.39 pp	6 q
QCOMQualcomm Inc	3.35%	56,757	$11M	trimmed−9%	+0.26 pp	13 q
0LW9Westrock Co	2.99%	200,615	$10M	trimmed−2%	+0.03 pp	19 q
VNTVontier Corporation	2.91%	256,481	$10M	trimmed−0%	−0.51 pp	15 q
SEASeabridge Gold, Inc.	2.88%	709,856	$10M	trimmed−0%	−0.28 pp	43 q
SLBSLB Limited	2.74%	195,669	$9M	trimmed−0%	−0.42 pp	33 q
BNBrookfield Corporation	2.67%	216,311	$9M	trimmed−1%	−0.01 pp	7 q
EQTEqt Corp	2.29%	208,735	$8M	added+15%	+0.32 pp	15 q
BACBank of America Corporation	2.28%	193,301	$8M	trimmed−1%	+0.11 pp	7 q
IBMInternational Business Machines Corporation	2.26%	44,057	$8M	added+2%	−0.16 pp	14 q
PRPermian Resources Corporation	2.22%	463,844	$7M	trimmed−0%	−0.19 pp	4 q
ATKRAtkore Inc.	2.19%	54,701	$7M	trimmed−1%	−0.89 pp	31 q
CRICarter's Inc.	2.18%	118,413	$7M	added+15%	−0.38 pp	15 q
DISThe Walt Disney Company	2.05%	69,504	$7M	trimmed−0%	−0.45 pp	10 q
ELVElevance Health, Inc.	1.89%	11,748	$6M	trimmed−0%	+0.10 pp	4 q
METAMeta Platforms, Inc. Class A	1.80%	12,005	$6M	trimmed−1%	+0.07 pp	18 q
MSFTMicrosoft Corp	1.70%	12,828	$6M	trimmed−1%	+0.10 pp	16 q
VRSNVeriSign Inc	1.60%	30,300	$5M	added+25%	+0.26 pp	16 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.54%	10,159	$5M	added+72%	+0.68 pp	5 q
KWKennedy-wilson Holdings, Inc.	1.53%	531,773	$5M	added+2%	+0.22 pp	18 q
COPConocoPhillips	1.48%	43,494	$5M	added+7%	−0.03 pp	28 q
DHRDanaher Corporation	1.38%	18,627	$5M	trimmed−1%	0.00 pp	28 q
CMCOColumbus McKinnon Corp/NY	1.36%	132,416	$5M	added+81%	+0.40 pp	3 q
EGEverest Group, Ltd.	1.36%	12,024	$5M	added+69%	+0.53 pp	2 q
CRKComstock Resources, Inc.	1.30%	420,983	$4M	trimmed−0%	+0.15 pp	15 q
BAMBrookfield Asset Management Ltd.	1.28%	112,958	$4M	trimmed−1%	−0.12 pp	7 q
WDAYWorkday, Inc. Class A	1.18%	17,717	$4M	added+24%	+0.03 pp	16 q
CMECME Group Inc.	1.07%	18,310	$4M	added+59%	+0.34 pp	2 q
MCOMoody's Corporation	0.92%	7,326	$3M	trimmed−1%	+0.06 pp	14 q
STSensata Technologies Holding plc	0.90%	80,774	$3M	trimmed−0%	+0.03 pp	9 q
SWKStanley Black & Decker, Inc.	0.87%	36,753	$3M	trimmed−1%	−0.19 pp	9 q
LUMNLumen Technologies, Inc.	0.82%	2,520,813	$3M	added+30%	−0.06 pp	14 q
ACGLArch Capital Group Ltd	0.82%	27,270	$3M	added+25%	+0.23 pp	2 q
BOOMDMC Global Inc.	0.78%	183,065	$3M	added+1%	−0.26 pp	31 q
ILMNIllumina Inc	0.78%	25,174	$3M	added+63%	+0.16 pp	10 q
TMOThermo Fisher Scientific, Inc.	0.58%	3,534	$2M	trimmed−1%	−0.03 pp	3 q
DVNDevon Energy Corporation	0.46%	32,805	$2M	trimmed−0%	−0.02 pp	13 q
CTRACoterra Energy Inc.	0.43%	53,885	$1M	trimmed−0%	−0.01 pp	15 q
NOGNorthern Oil and Gas, Inc.	0.43%	38,733	$1M	added+4%	0.00 pp	11 q
CIThe Cigna Group	0.41%	4,139	$1M	added+12%	+0.02 pp	3 q
SBOWSilverBow Resources, Inc.	0.41%	36,926	$1M	trimmed−4%	+0.02 pp	13 q
TXNTexas Instruments Incorporated	0.36%	6,293	$1M	trimmed−0%	+0.04 pp	10 q
RSPInvesco S&P 500 Equal Weight ETF	0.34%	6,890	$1M	trimmed−3%	−0.01 pp	13 q
AZZAZZ Inc.	0.31%	13,313	$1M	trimmed−2%	0.00 pp	4 q
EROEro Copper Corp.	0.31%	48,535	$1M	held	—	9 q
OVVOvintiv Inc.	0.30%	21,566	$1M	trimmed−0%	−0.03 pp	12 q
MOATVanEck Morningstar Wide Moat ETF	0.28%	10,868	$941,284	trimmed−7%	−0.03 pp	15 q
VIGVanguard Dividend Appreciation ETF	0.28%	5,225	$953,824	trimmed−5%	−0.02 pp	15 q
XLEState Street Energy Select Sector SPDR ETF	0.25%	9,286	$846,402	added+10%	+0.02 pp	15 q
VTIVanguard Morningstar Total Stock Market ETF	0.25%	3,111	$832,155	trimmed−17%	−0.04 pp	15 q
BTEBaytex Energy Corp.	0.24%	236,408	$822,700	trimmed−0%	−0.01 pp	5 q
LPINVital Energy Inc	0.24%	18,005	$806,984	added+3%	−0.03 pp	10 q
MAMastercard Incorporated	0.24%	1,861	$820,999	trimmed−1%	−0.03 pp	11 q
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF	0.24%	5,587	$812,683	trimmed−12%	−0.05 pp	15 q
VEAVanguard FTSE Developed Markets ETF	0.24%	16,654	$823,040	trimmed−8%	−0.03 pp	14 q
CVXChevron Corporation	0.22%	4,658	$728,604	trimmed−0%	0.00 pp	18 q
TRSTrimas Corporation	0.22%	28,974	$740,575	held	—	31 q
VOOVanguard S&P 500 ETF	0.19%	1,248	$624,162	trimmed−0%	+0.01 pp	7 q
FNDFSchwab Fundamental International Equity ETF	0.18%	17,060	$597,612	trimmed−17%	−0.03 pp	3 q
VTOLBristow Group Inc.	0.16%	15,759	$528,399	new	+0.16 pp	new
SPSMState Street SPDR Portfolio S&P 600 Small Cap ETF	0.13%	10,323	$428,714	trimmed−1%	0.00 pp	11 q
VYMVanguard High Dividend Yield ETF	0.13%	3,680	$436,448	trimmed−13%	−0.02 pp	15 q
SUSuncor Energy, Inc.	0.11%	9,798	$373,304	trimmed−6%	0.00 pp	12 q
TALOTalos Energy, Inc.	0.11%	30,732	$373,394	trimmed−1%	−0.02 pp	10 q
HALHalliburton Company	0.10%	10,290	$347,596	held	—	10 q
SEISolaris Energy Infrastructure, Inc.	0.10%	37,426	$321,116	added0%	0.00 pp	11 q
AEMAgnico Eagle Mines Ltd.	0.09%	4,847	$316,994	held	—	43 q
ARAntero Resources Corporation	0.09%	9,288	$303,067	added0%	+0.01 pp	6 q
URAGlobal X Uranium ETF	0.09%	10,706	$309,929	added0%	0.00 pp	9 q
RRCRange Resources Corp	0.09%	8,828	$296,003	added0%	0.00 pp	9 q
VYMIVanguard International High Dividend Yield ETF	0.09%	4,222	$289,334	trimmed−20%	−0.02 pp	15 q
DODiamond Offshore Drilling, Inc.	0.08%	16,992	$263,206	added+2%	+0.01 pp	9 q
GDXJVanEck Junior Gold Miners ETF	0.08%	6,547	$275,760	held	—	7 q
TAT&T Inc.	0.07%	11,920	$227,791	held	—	24 q
CORCencora, Inc.	0.07%	1,078	$242,948	trimmed−3%	−0.01 pp	14 q
GNRCGenerac Holdings Inc	0.06%	1,570	$207,585	new	+0.06 pp	new
PSLVSprott Physical Silver Trust	0.05%	18,494	$183,645	trimmed−9%	0.00 pp	3 q
VVVanguard Morningstar Large-Cap ETF	0.04%	577	$144,031	trimmed−12%	−0.01 pp	7 q
VRNVeren Inc.	0.03%	12,157	$95,676	new	+0.03 pp	new
RIGTransocean LTD.	0.03%	22,000	$117,700	held	—	28 q
HLHecla Mining Company	0.02%	17,000	$82,450	held	—	9 q
KGEIKolibri Global Energy Inc.	0.02%	14,834	$52,957	held	—	3 q
REIRing Energy Inc.	0.02%	30,164	$50,977	trimmed−9%	0.00 pp	6 q
FNDESchwab Fundamental Emerging Markets Equity ETF	0.02%	2,817	$83,299	trimmed−1%	0.00 pp	3 q
GDXVanEck Gold Miners ETF	0.02%	2,170	$73,628	added+30%	0.00 pp	7 q
VBRVanguard Morningstar Small-Cap Value ETF	0.02%	369	$67,350	held	—	7 q
PXEInvesco Energy Exploration & Production ETF	0.01%	1,500	$49,620	added+50%	0.00 pp	2 q
SCHDSchwab US Dividend Equity ETF	0.01%	609	$47,356	held	—	3 q
VNQVanguard Real Estate ETF	0.01%	220	$18,427	held	—	7 q
unresolvedAirspan Networks Holdings In	0.00%	15,500	$8	held	—	10 q
GOOGLAlphabet Inc. Class A	0.00%	20	$3,643	held	—	7 q
DTCRGlobal X Funds Global X Data Center & Digital Infrastructure ETF	0.00%	100	$1,506	held	—	7 q
QYLDGlobal X Funds Global X NASDAQ-100 Covered Call ETF	0.00%	750	$13,252	held	—	7 q
PFFDGlobal X U.S. Preferred ETF	0.00%	600	$11,808	held	—	7 q
EFASGlobal X MSCI SuperDividend EAFE ETF	0.00%	325	$4,634	held	—	7 q
SILGlobal X Silver Miners ETF (NEW)	0.00%	50	$1,559	held	—	7 q
DJDInvesco Dow Jones Industrial Average Dividend ETF	0.00%	150	$7,101	held	—	7 q
XESState Street SPDR S&P Oil & Gas Equipment & Services ETF	0.00%	37	$3,361	trimmed−3%	0.00 pp	7 q
XLFState Street Financial Select Sector SPDR ETF	0.00%	318	$13,091	held	—	7 q
MORTVanEck Mortgage REIT Income ETF	0.00%	585	$6,546	held	—	7 q
VUGVanguard Morningstar Growth ETF	0.00%	29	$10,898	held	—	7 q
VTVVanguard Morningstar Value ETF	0.00%	54	$8,662	held	—	7 q
VBVanguard Morningstar Small-Cap ETF	0.00%	13	$2,931	held	—	7 q
PXDPioneer Natural Resource Co.	—	−87,479	—	exited	−6.73 pp	—
AAPLApple Inc.	—	−3,396	—	exited	−0.17 pp	—
VRTVertiv Holdings Co Class A	—	−4,201	—	exited	−0.10 pp	—
CPNGCoupang, Inc.	—	−17,538	—	exited	−0.09 pp	—
SPXS1Direxion Dly S&P 500 Bear 3X	—	−16,360	—	exited	−0.04 pp	—
unresolvedCrescent Pt Energy Corp	—	−12,084	—	exited	−0.03 pp	—