Century Management

Q4 2024 13F · by Arnold Van Den Berg, CIO

As of: Dec 31, 2024
Filed: Feb 14, 2025
US stock: $347M · prev $346M
Positions: 109 · prev 107
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%

Moves86 since the prior filing

+3.6 pp in · −3.5 pp out

New 5 +2.67 pp
Added 28 +0.97 pp
Trimmed 50 −3.03 pp
Exited 3 −0.44 pp

The book

Focused · behaves like 37 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 9.7% a year, about 10.3 years per position

Low
Moderate
High

Top 5 positions24% of US stock

Positions109 in this filing · 3 exited


BRK.BBERKSHIRE HATHAWAY Class B	5.77%	44,149	$20M	trimmed−4%	−0.36 pp	47 q
XOMExxon Mobil Corp	5.19%	167,419	$18M	trimmed−1%	−0.56 pp	4 q
PHYSSprott Physical Gold Trust	5.14%	885,940	$18M	added+1%	−0.06 pp	17 q
COHRCoherent Corp.	4.24%	155,232	$15M	trimmed−0%	+0.23 pp	8 q
GOOGAlphabet Inc. Class C	4.00%	72,906	$14M	trimmed−4%	+0.32 pp	20 q
FANGDiamondback Energy, Inc.	3.99%	84,480	$14M	trimmed−0%	−0.23 pp	18 q
LUMNLumen Technologies, Inc.	3.72%	2,432,914	$13M	trimmed−0%	−1.29 pp	16 q
BNBrookfield Corporation	3.47%	209,829	$12M	trimmed−0%	+0.23 pp	9 q
EQTEqt Corp	3.19%	240,242	$11M	trimmed−0%	+0.64 pp	17 q
SWSmurfit Westrock plc	2.80%	180,629	$10M	trimmed−2%	+0.16 pp	2 q
IBMInternational Business Machines Corporation	2.71%	42,791	$9M	trimmed−0%	−0.03 pp	16 q
QCOMQualcomm Inc	2.52%	56,958	$9M	added0%	−0.28 pp	15 q
VNTVontier Corporation	2.51%	238,697	$9M	trimmed−2%	+0.14 pp	17 q
CMCOColumbus McKinnon Corp/NY	2.45%	228,162	$8M	added0%	+0.07 pp	5 q
DISThe Walt Disney Company	2.23%	69,550	$8M	trimmed−1%	+0.28 pp	12 q
CRKComstock Resources, Inc.	2.15%	409,634	$7M	trimmed−2%	+0.81 pp	17 q
CRICarter's Inc.	2.13%	136,340	$7M	trimmed−1%	−0.47 pp	17 q
SLBSLB Limited	2.10%	189,895	$7M	trimmed−2%	−0.25 pp	35 q
SEASeabridge Gold, Inc.	2.05%	624,774	$7M	trimmed−11%	−1.36 pp	45 q
PRPermian Resources Corporation	1.87%	451,253	$6M	added0%	+0.10 pp	6 q
ELVElevance Health, Inc.	1.76%	16,598	$6M	added+43%	+0.01 pp	6 q
BAMBrookfield Asset Management Ltd.	1.72%	109,925	$6M	trimmed−0%	+0.21 pp	9 q
MSFTMicrosoft Corp	1.63%	13,404	$6M	added+4%	+0.02 pp	18 q
METAMeta Platforms, Inc. Class A	1.47%	8,714	$5M	trimmed−26%	−0.47 pp	20 q
KWKennedy-wilson Holdings, Inc.	1.46%	508,176	$5M	trimmed−4%	−0.23 pp	20 q
CMECME Group Inc.	1.42%	21,185	$5M	added+1%	+0.08 pp	4 q
EGEverest Group, Ltd.	1.41%	13,462	$5M	added0%	−0.11 pp	4 q
INTCIntel Corp	1.39%	240,204	$5M	new	+1.39 pp	new
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.39%	9,528	$5M	added0%	−0.22 pp	7 q
TMOThermo Fisher Scientific, Inc.	1.29%	8,588	$4M	added×2.3	+0.63 pp	5 q
WDAYWorkday, Inc. Class A	1.29%	17,286	$4M	trimmed−0%	+0.07 pp	18 q
COPConocoPhillips	1.20%	41,887	$4M	added0%	−0.08 pp	30 q
ACGLArch Capital Group Ltd	1.18%	44,342	$4M	added+38%	+0.14 pp	4 q
DELLDell Technologies Inc.	1.16%	34,805	$4M	new	+1.16 pp	new
DHRDanaher Corporation	1.13%	17,008	$4M	trimmed−6%	−0.33 pp	30 q
VRSNVeriSign Inc	1.13%	18,974	$4M	trimmed−1%	+0.08 pp	18 q
CIThe Cigna Group	1.04%	13,131	$4M	added×2.9	+0.58 pp	5 q
ATKRAtkore Inc.	0.99%	41,041	$3M	added0%	−0.01 pp	33 q
ILMNIllumina Inc	0.94%	24,425	$3M	trimmed−0%	+0.02 pp	12 q
BACBank of America Corporation	0.90%	70,954	$3M	trimmed−4%	+0.05 pp	9 q
MCOMoody's Corporation	0.85%	6,264	$3M	trimmed−3%	−0.04 pp	16 q
SWKStanley Black & Decker, Inc.	0.83%	35,780	$3M	trimmed−6%	−0.39 pp	11 q
STSensata Technologies Holding plc	0.62%	78,500	$2M	trimmed−5%	−0.24 pp	11 q
CRGYCrescent Energy Company	0.51%	121,083	$2M	added0%	+0.13 pp	2 q
NOGNorthern Oil and Gas, Inc.	0.40%	36,895	$1M	added+1%	+0.03 pp	13 q
CTRACoterra Energy Inc.	0.38%	51,834	$1M	trimmed−0%	+0.02 pp	17 q
TXNTexas Instruments Incorporated	0.34%	6,293	$1M	held	—	12 q
DVNDevon Energy Corporation	0.32%	33,422	$1M	added+1%	−0.05 pp	15 q
AZZAZZ Inc.	0.31%	13,233	$1M	added0%	−0.01 pp	6 q
VTOLBristow Group Inc.	0.29%	29,206	$1M	added0%	0.00 pp	3 q
MAMastercard Incorporated	0.28%	1,838	$967,836	trimmed−0%	+0.02 pp	13 q
VIGVanguard Dividend Appreciation ETF	0.27%	4,759	$931,955	trimmed−7%	−0.02 pp	17 q
RSPInvesco S&P 500 Equal Weight ETF	0.26%	5,150	$902,391	trimmed−4%	−0.02 pp	15 q
LPINVital Energy Inc	0.26%	29,285	$905,492	trimmed−5%	+0.02 pp	12 q
OVVOvintiv Inc.	0.24%	20,142	$815,751	trimmed−1%	+0.01 pp	14 q
VTIVanguard Morningstar Total Stock Market ETF	0.24%	2,821	$817,547	trimmed−3%	0.00 pp	17 q
SEISolaris Energy Infrastructure, Inc.	0.23%	27,200	$782,818	trimmed−0%	+0.13 pp	13 q
XLEState Street Energy Select Sector SPDR ETF	0.21%	8,538	$731,349	added+3%	0.00 pp	17 q
MOATVanEck Morningstar Wide Moat ETF	0.21%	7,925	$734,853	trimmed−2%	−0.02 pp	17 q
CVXChevron Corporation	0.17%	4,017	$581,822	trimmed−0%	0.00 pp	20 q
EROEro Copper Corp.	0.17%	43,735	$589,548	held	—	11 q
TRSTrimas Corporation	0.17%	23,288	$572,652	trimmed−14%	−0.03 pp	33 q
VEAVanguard FTSE Developed Markets ETF	0.17%	12,584	$601,766	trimmed−6%	−0.03 pp	16 q
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF	0.16%	4,109	$543,868	trimmed−8%	−0.01 pp	17 q
VOOVanguard S&P 500 ETF	0.16%	1,035	$557,668	trimmed−2%	0.00 pp	9 q
FNDFSchwab Fundamental International Equity ETF	0.14%	15,011	$498,515	trimmed−6%	−0.03 pp	5 q
PSLVSprott Physical Silver Trust	0.14%	48,554	$468,546	added+28%	+0.02 pp	5 q
BTEBaytex Energy Corp.	0.13%	171,262	$441,856	trimmed−20%	−0.05 pp	7 q
GDXJVanEck Junior Gold Miners ETF	0.13%	10,390	$444,172	added0%	−0.02 pp	9 q
VYMVanguard High Dividend Yield ETF	0.13%	3,416	$435,847	trimmed−4%	0.00 pp	17 q
AEMAgnico Eagle Mines Ltd.	0.11%	4,847	$379,084	held	—	45 q
SPSMState Street SPDR Portfolio S&P 600 Small Cap ETF	0.11%	8,147	$365,963	added0%	0.00 pp	13 q
SUSuncor Energy, Inc.	0.10%	9,360	$333,965	held	—	14 q
TAT&T Inc.	0.08%	11,945	$271,988	added0%	0.00 pp	26 q
ARAntero Resources Corporation	0.08%	8,133	$285,062	held	—	8 q
TALOTalos Energy, Inc.	0.08%	27,781	$269,754	trimmed−2%	0.00 pp	12 q
VYMIVanguard International High Dividend Yield ETF	0.08%	4,222	$286,589	held	—	17 q
GNRCGenerac Holdings Inc	0.07%	1,590	$246,529	added+1%	0.00 pp	3 q
RRCRange Resources Corp	0.07%	6,499	$233,834	trimmed−0%	+0.01 pp	11 q
ALKTAlkami Technology, Inc.	0.06%	6,088	$223,308	new	+0.06 pp	new
AAPLApple Inc.	0.06%	837	$209,602	new	+0.06 pp	new
URAGlobal X Uranium ETF	0.06%	7,206	$192,968	held	—	11 q
RIGTransocean LTD.	0.03%	28,155	$105,581	added+12%	0.00 pp	30 q
HLHecla Mining Company	0.02%	17,000	$83,470	held	—	11 q
KGEIKolibri Global Energy Inc.	0.02%	11,391	$60,600	held	—	5 q
FNDESchwab Fundamental Emerging Markets Equity ETF	0.02%	2,370	$68,848	trimmed−5%	0.00 pp	5 q
GDXVanEck Gold Miners ETF	0.02%	1,670	$56,630	trimmed−37%	−0.01 pp	9 q
VBRVanguard Morningstar Small-Cap Value ETF	0.02%	369	$73,128	held	—	9 q
VVVanguard Morningstar Large-Cap ETF	0.02%	234	$63,110	trimmed−38%	−0.01 pp	9 q
VRNVeren Inc.	0.02%	13,826	$71,066	added+1%	0.00 pp	3 q
EUenCore Energy Corp.	0.01%	10,000	$34,100	held	—	2 q
PXEInvesco Energy Exploration & Production ETF	0.01%	900	$26,640	held	—	4 q
REIRing Energy Inc.	0.01%	23,601	$32,097	trimmed−1%	0.00 pp	8 q
SCHDSchwab US Dividend Equity ETF	0.01%	1,827	$49,914	held	—	5 q
VNQVanguard Real Estate ETF	0.01%	220	$19,598	held	—	9 q
GOOGLAlphabet Inc. Class A	0.00%	20	$3,786	held	—	9 q
DTCRGlobal X Funds Global X Data Center & Digital Infrastructure ETF	0.00%	100	$1,655	held	—	9 q
QYLDGlobal X Funds Global X NASDAQ-100 Covered Call ETF	0.00%	750	$13,665	held	—	9 q
PFFDGlobal X U.S. Preferred ETF	0.00%	600	$11,706	held	—	9 q
EFASGlobal X MSCI SuperDividend EAFE ETF	0.00%	325	$4,530	held	—	9 q
SILGlobal X Silver Miners ETF (NEW)	0.00%	50	$1,588	held	—	9 q
DJDInvesco Dow Jones Industrial Average Dividend ETF	0.00%	150	$7,607	held	—	9 q
XESState Street SPDR S&P Oil & Gas Equipment & Services ETF	0.00%	37	$2,920	held	—	9 q
XLFState Street Financial Select Sector SPDR ETF	0.00%	268	$12,974	added+23%	0.00 pp	9 q
PFXFVanEck Preferred Securities ex Financials ETF	0.00%	50	$862	new	0.00 pp	new
MORTVanEck Mortgage REIT Income ETF	0.00%	585	$6,213	held	—	9 q
VUGVanguard Morningstar Growth ETF	0.00%	29	$11,960	held	—	9 q
VTVVanguard Morningstar Value ETF	0.00%	54	$9,142	held	—	9 q
VBVanguard Morningstar Small-Cap ETF	0.00%	13	$3,230	held	—	9 q
BOOMDMC Global Inc.	—	−61,439	—	exited	−0.23 pp	—
SCHJSchwab 1-5 Year Corporate Bond ETF	—	−17,496	—	exited	−0.13 pp	—
HALHalliburton Company	—	−9,810	—	exited	−0.08 pp	—