Analyzing Van Den Berg Management I, Inc's Q4 2022 Holdings: Key Changes in Equity Holdings and Shares Held

Van Den Berg Management I, Inc, a $1.1 billion investment fund, recently disclosed its latest 13F holdings to the Securities and Exchange Commission (SEC) for Q4 2022. The 13F filing provides an insight into the fund's equity holdings, including the latest changes concerning issuers, shares held, and the value of those holdings.

According to the filing, the fund reduced its value of holdings from $73 million in Q3 2022 to $59 million in Q4 2022, a decline reflecting 18.8 percent compared to the previous quarter. The fund's overall holdings also experienced a decline, plunging from approximately 1.4 million shares in the third quarter of 2022 to 962,017 shares in the last quarter. In this article, we will take a closer look at some of the top changes in Van Den Berg's portfolio this quarter.

Berkshire Hathaway (BRK-B) remains the largest holding in Van Den Berg's portfolio in both Q3 and Q4 2022. However, the fund sold 29,761 shares, reducing its holdings' value by 18.8 percent to $21,633,000. Pioneer Natural Resources Co. (PXD) saw the biggest decline in holdings, with Van Den Berg selling 39,071 shares, translating to a 25.5 percent reduction in the company's shares held. Diamondback Energy Inc. (FANG) came in at a close third, with a decrease of 11.5 percent in shares held.

Schlumberger Ltd. (SLB) was one of the top holdings that Van Den Berg reduced this quarter, selling 128,706 shares, translating to a 6.1 percent reduction in the company's shares held. Meanwhile, Alphabet Inc. (GOOG) saw their shares' value take a dip, with Van Den Berg reducing their holdings by 23 percent.

Atkore Inc. (ATKR) was another significant holdings cut by Van Den Berg, selling 89,200 shares, which represents a decrease of 24.2 percent in the company's shares held. The fund also slashed their holdings in Markel Corp. (MKL) by selling 3,189 shares, translating to a 12.7 percent reduction in the company's shares held in the last quarter.

ConocoPhillips (COP) experienced one of the most significant declines in the number of shares held by Van Den Berg, reducing 53,069 shares, which translates to a 37.4% drop in shares held. The fund, however, increased its holdings in Powell Industries, Inc. (POWL), purchasing approximately 92,147 shares translating to a 14.3% increase in shares held.

Van Den Berg also decreased its holdings in Seabridge Gold Inc. (SEA.TO) by 23.1 percent, selling approximately 201,162 shares, translating to a 23.1 percent reduction in shares held. VeriSign Inc. (VRSN) also saw a decline in shares held by Van Den Berg, with the fund reducing its holdings by 16.1 percent.

Altra Industrial Motion Corp (AIMC) saw a change in favor of Van Den Berg, with the fund increasing its holdings by 12.5 percent, translating to 61,307 shares purchased. Additionally, Bank of America Corp (BAC) saw a notable addition, with Van Den Berg purchasing 163,907 shares.

In the technology sector, Microsoft Corp (MSFT) and Workday Inc. (WDAY) saw substantial cuts, with Van Den Berg reducing their holdings by 23.9 percent and 20.4 percent, respectively. Meanwhile, Illumina Inc. (ILMN) saw an increase in holdings by Van Den Berg, with the fund purchasing approximately 264 shares.

In conclusion, Van Den Berg's portfolio saw a 18.8 percent reduction in value and a decrease in shares held in Q4 2022 compared to Q3 2022. The fund reduced its stakes in a majority of the companies in its portfolio, with some companies, such as Pioneer Natural Resources Co. and Schlumberger Ltd., experiencing significant drops in shares held. Meanwhile, Powell Industries, Inc. and Bank of America Corp saw increases in shares held by the fund. Investors can use this data to evaluate Van Den Berg's investment strategy and determine whether to follow the fund's lead.