Arnold Van Den Berg's Strategic Moves: A Deep Dive into Earthstone Energy's -2.28% Portfolio Impact

GuruFocus.com02-14

Unveiling the Investment Shifts of a Value Investing Prodigy in Q4 2023 Arnold Van Den Berg (Trades, Portfolio), the seasoned value investor and founder of Century Management, has once again made ...

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Arnold Van Den Berg , the seasoned value investor and founder of Century Management, has once again made notable changes to his investment portfolio in the fourth quarter of 2023. With a track record that surpasses the indices, Van Den Berg's investment philosophy is deeply rooted in the teachings of Benjamin Graham. He meticulously calculates the intrinsic value of companies and seeks to invest at a substantial discount, ensuring a margin of safety. His portfolio, typically comprising 35-40 U.S.-based companies, reflects his commitment to this disciplined investment strategy.GuruFocus has detected 6 Warning Signs with BRK.B.Thermo Fisher Scientific Inc , with 3,594 shares, making up 0.63% of the portfolio and valued at $1.91 million.Schwab Fundamental International Large Company Index ETF , adding 20,845 shares, representing 0.23% of the portfolio and valued at $703,100.At the close of the fourth quarter of 2023,","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CI":"信诺保险","BK4179":"石油天然气设备与服务","TQQQ":"纳指三倍做多ETF","ESTE":"Earthstone Energy","SLB":"斯伦贝谢","BRK.B":"伯克希尔B","LU0882574055.USD":"富达全球健康医疗A ACC","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","GOOG":"谷歌","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","GOOGL":"谷歌A","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","IE00BJJMRZ35.SGD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I2\" (SGDHDG) ACC","COHR":"COHERENT","BK4176":"多领域控股","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU0079474960.USD":"联博美国增长基金A","BK4532":"文艺复兴科技持仓","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4534":"瑞士信贷持仓","TMO":"赛默飞世尔","FNDF":"嘉信基本面国际大企业指数","SQQQ":"纳指三倍做空ETF","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","QQQ":"纳指100ETF","BK4535":"淡马锡持仓","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0256331488.USD":"SCHRODER ISF GLOBAL ENERGY \"A\" ACC","BK4538":"云计算","PHYS":"Sprott Physical Gold Trust","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","PXD":"先锋自然资源","FANG":"Diamondback Energy","QID":"纳指两倍做空ETF","PR":"Permian Resources Corp","LU0058720904.USD":"联博国际健康护理基金A",".IXIC":"NASDAQ Composite"},"translate_title":"Arnold Van Den Berg的战略举措：深入了解Earthstone Energy-2.28%的投资组合影响","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TMO":1,"PXD":1,"SLB":1,"PHYS":1,"PR":1,"FNDF":1,"BRK.B":1,"CI":1,"COHR":1,"ESTE":1,"FANG":1,"GOOG":0.9,"GOOGL":0.9,".IXIC":0.66,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"TQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Unveiling the Investment Shifts of a Value Investing Prodigy in Q4 2023\nArnold Van Den Berg (Trades, Portfolio), the seasoned value investor and founder of Century Management, has once again made notable changes to his investment portfolio in the fourth quarter of 2023. With a track record that surpasses the indices, Van Den Berg's investment philosophy is deeply rooted in the teachings of Benjamin Graham. He meticulously calculates the intrinsic value of companies and seeks to invest at a substantial discount, ensuring a margin of safety. His portfolio, typically comprising 35-40 U.S.-based companies, reflects his commitment to this disciplined investment strategy.\n\nWarning! GuruFocus has detected 6 Warning Signs with BRK.B.\n\n\nSummary of New Buys\nArnold Van Den Berg (Trades, Portfolio) expanded his portfolio with 9 new stocks in the latest quarter. Noteworthy additions include:\n\nThermo Fisher Scientific Inc (NYSE:TMO), with 3,594 shares, making up 0.63% of the portfolio and valued at $1.91 million.\nThe Cigna Group (NYSE:CI), comprising 2,919 shares, which accounts for approximately 0.29% of the portfolio, with a total value of $874,100.\nSchwab Fundamental International Large Company Index ETF (FNDF), adding 20,845 shares, representing 0.23% of the portfolio and valued at $703,100.\n\nKey Position Increases\nVan Den Berg also bolstered his stakes in 27 stocks, with significant increases in:\n\nPermian Resources Corp (NYSE:PR), adding an impressive 462,076 shares, bringing the total to 473,377 shares. This represents a 4,088.81% increase in share count, impacting the portfolio by 2.09%, and valued at $6.44 million.\nCoherent Corp (NYSE:COHR), with an additional 23,050 shares, increasing the total to 185,660 shares, marking a 14.18% rise in share count, and valued at $8.08 million.\n\nSummary of Sold Out Positions\nDuring the fourth quarter of 2023, Arnold Van Den Berg (Trades, Portfolio) liquidated his holdings in 10 companies, including:\n\nEarthstone Energy Inc (ESTE), where he sold all 321,269 shares, leading to a -2.28% impact on the portfolio.\n\nKey Position Reductions\nFurthermore, Van Den Berg reduced his positions in 56 stocks. The most substantial reductions were seen in:\n\nAlphabet Inc (NASDAQ:GOOG), with a decrease of 11,035 shares, resulting in a -10.14% reduction and a -0.51% portfolio impact. The stock's average trading price was $135.69 during the quarter, with a 9.53% return over the past 3 months and 3.86% year-to-date.\nSchlumberger Ltd (NYSE:SLB), with a cut of 17,321 shares, leading to an -8.3% reduction and a -0.35% portfolio impact. The stock's average trading price was $54.35 during the quarter, with a -10.96% return over the past 3 months and -8.05% year-to-date.\n\nPortfolio Overview\nAt the close of the fourth quarter of 2023, Arnold Van Den Berg (Trades, Portfolio)'s portfolio consisted of 105 stocks. The top holdings included 7.11% in Berkshire Hathaway Inc (NYSE:BRK.B), 6.57% in Pioneer Natural Resources Co (NYSE:PXD), 4.67% in Diamondback Energy Inc (NASDAQ:FANG), 4.58% in Alphabet Inc (NASDAQ:GOOG), and 3.77% in Sprott Physical Gold Trust (PHYS). The investments are predominantly spread across 9 industries, showcasing a diverse yet focused approach to value investing.\n\n\nThis article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2411009483"}