Vandenberg Capital Management Portfolio in 2026: Top Holdings & Recent Changes
Welcome to the Value Sense Blog, your resource for insights on the stock market! At Value Sense, we focus on intrinsic value tools and offer stock ideas with undervalued companies. Dive into our research products and learn more about our unique approach at valuesense.io
Explore diverse stock ideas covering technology, healthcare, and commodities sectors. Our insights are crafted to help investors spot opportunities in undervalued growth stocks, enhancing potential returns. Visit us to see evaluations and in-depth market research.
Vandenberg Capital Management, led by veteran value investor Arnold Van Den Berg, showcases disciplined portfolio management in its latest 13F filing. The firm's $399.2M portfolio reflects a balanced approach across 106 positions, with notable activity in commodities, energy, and tech names that signal opportunistic value hunting amid market volatility.
Portfolio Snapshot: Diversified Value with Selective Bold Bets
Portfolio Highlights (Q3’2025): - Market Value: $399.2M - Top 10 Holdings: 39.5% - Portfolio Size: 106 -4 - Average Holding Period: 14 quarters - Turnover: 17.0%
Vandenberg Capital Management maintains a diversified yet conviction-driven portfolio, with the top 10 holdings representing just 39.5% of the total value—a sign of broad exposure across 106 positions despite a slight reduction of four holdings this quarter. This structure underscores Arnold Van Den Berg's long-term value philosophy, where the average holding period stretches to 14 quarters, emphasizing patience over frequent trading. The 17.0% turnover rate indicates measured activity, focusing on high-conviction adjustments rather than wholesale shifts.
The portfolio's scale at $399.2M allows for meaningful positions without over-concentration, balancing risk while pursuing undervalued opportunities in commodities and energy. Tracking changes via the Vandenberg superinvestor page reveals a strategy rooted in intrinsic value, with trims in overextended names and adds in promising sectors like natural resources. This approach aligns with Van Den Berg's history of navigating cycles by holding resilient businesses through volatility.
Top Positions Breakdown: Gold Rush Entry Leads Amid Broad Reductions
The Vandenberg portfolio kicked off Q3 2025 with a bold new position in SPROTT ASSET MANAGEMENT LP (_), a fresh "Buy" at 6.4% $25.6M, signaling strong conviction in gold and precious metals exposure amid economic uncertainty. This tops the list, followed by a modest trim in Seabridge Gold Inc. (SA) at 4.5% after a "Reduce 1.33%" move $17.9M, maintaining gold sector commitment but with fine-tuning.
Energy giants saw adjustments too, with Exxon Mobil Corporation (XOM) reduced by 6.04% to 4.2% $16.6M and tech stalwart Alphabet Inc. (GOOG) trimmed 6.02% to 3.8% $15.3M, possibly locking in gains. Coherent, Inc. (COHR) faced the steepest cut at "Reduce 9.81%" to 3.7% $14.9M, while Lumen Technologies, Inc. (LUMN) dipped just 0.25% to 3.7% $14.8M. Berkshire Hathaway Inc. (BRK-B) (BRK-B) and Brookfield Corporation (BN) both saw minor reductions—"Reduce 0.49%" to 3.5% $14.0M and "Reduce 2.45%" to 3.5% $13.9M, respectively—reflecting tactical profit-taking in quality names.
On the upside, energy plays gained traction with EQT Corporation (EQT) "Add 1.22%" to 3.2% $12.7M and Diamondback Energy, Inc. (FANG) "Add 1.15%" to 3.0% $11.9M, rounding out the active top 10. These moves highlight a pivot toward resource-linked assets, blending the new Sprott entry with energy boosts while dialing back tech and select industrials for balance.
What the Portfolio Reveals About Vandenberg's Strategy
Vandenberg's Q3 moves paint a picture of value-oriented risk management in a high-valuation market, favoring commodities and energy over pure tech growth.
- Commodities and Gold Focus: The top-ranked "Buy" in SPROTT ASSET MANAGEMENT LP and retention in SA suggest hedging against inflation and currency risks, a classic value play when fiat concerns rise.
- Energy Sector Resilience: Adds to EQT and FANG alongside a trim in XOM indicate selective bets on natural gas and oil efficiency over broad majors.
- Tech Pruning for Value: Significant reductions in GOOG and COHR reflect discipline, avoiding momentum traps in favor of undervalued cyclicals.
- Quality Anchors with Flexibility: Holdings like BRK-B and BN provide stability, trimmed lightly to fund opportunistic adds.
- Diversification Discipline: At 106 positions and 39.5% top-10 concentration, the strategy mitigates single-name risk while allowing bold top bets.
This blend prioritizes long-term intrinsic value, with 14-quarter holds showing conviction in durable moats.
Most investors waste time on the wrong metrics. We've spent 10,000+ hours perfecting our value investing engine to find what actually matters.
Want to see what we'll uncover next - before everyone else does?
Find Hidden Gems First!
Portfolio Concentration Analysis
| Position | Value | % of Portfolio | Recent Change |
|---|---|---|---|
| SPROTT ASSET MANAGEMENT LP | $25.6M | 6.4% | Buy |
| Seabridge Gold Inc. | $17.9M | 4.5% | Reduce 1.33% |
| Exxon Mobil Corporation | $16.6M | 4.2% | Reduce 6.04% |
| Alphabet Inc. | $15.3M | 3.8% | Reduce 6.02% |
| Coherent, Inc. | $14.9M | 3.7% | Reduce 9.81% |
| Lumen Technologies, Inc. | $14.8M | 3.7% | Reduce 0.25% |
| Berkshire Hathaway Inc. (BRK-B) | $14.0M | 3.5% | Reduce 0.49% |
| Brookfield Corporation | $13.9M | 3.5% | Reduce 2.45% |
| EQT Corporation | $12.7M | 3.2% | Add 1.22% |
| Diamondback Energy, Inc. | $11.9M | 3.0% | Add 1.15% |
The top 10 table reveals Vandenberg's measured concentration, with no single position exceeding 6.4% yet collectively commanding 39.5% of the $399.2M portfolio. The new "Buy" in Sprott stands out as the conviction play, while reductions dominate—nine of 10 positions trimmed, averaging over 4% cuts in larger names like XOM, GOOG, and COHR. This suggests active capital reallocation from winners to undervalued sectors.
Portfolio size shrinking to 106 -4 alongside 17% turnover reinforces efficiency: trims fund adds like EQT and FANG, maintaining balance without chasing fads. For value investors, this table exemplifies position sizing discipline—bold on new ideas, prudent on valuations.
Investment Lessons from Arnold Van Den Berg's Value Approach
Vandenberg Capital Management's Q3 2025 moves distill timeless principles from Arnold Van Den Berg's decades-long track record:
- Hunt Undervalued Cyclicals in Volatility: The Sprott "Buy" and gold retention show betting on commodities when markets overprice tech, prioritizing margin of safety.
- Trim Winners Relentlessly: Deep cuts in COHR 9.81%, XOM 6.04%, and GOOG 6.02% demonstrate selling strength to avoid valuation traps, even in quality names.
- Long Holding Periods Build Wealth: 14-quarter average tenure stresses conviction—hold through cycles if fundamentals endure, as seen in stable BRK-B and BN.
- Diversify Without Dilution: 106 positions with 39.5% top-10 focus allow niche bets (e.g., LUMN at 3.7%) alongside anchors, balancing risk.
- Sector Rotation via Small Adds: Modest EQT +1.22% and FANG +1.15% boosts signal energy upside without overcommitting, adapting to macro shifts.
These lessons empower retail investors to mimic pro discipline using tools like ValueSense for 13F insights.
Looking Ahead: What Comes Next?
Vandenberg's positioning sets up for a commodities resurgence, with the Sprott entry and gold exposure poised for inflation or geopolitical tailwinds. Energy adds in EQT and FANG position for natural gas demand and oil efficiency gains, potentially amplified by 2026 economic cycles. Trims across tech and majors free ~$10M+ in liquidity for new undervalued ideas, especially if markets correct.
The 17% turnover and portfolio contraction hint at selectivity—watch for further resource or financial bets. With 60.5% outside the top 10, flexibility abounds for opportunistic deploys. In uncertain times, this setup favors resilient value over growth, trackable via the Vandenberg tracker.
FAQ about Vandenberg Capital Management Portfolio
Q: What were the biggest changes in Vandenberg's Q3 2025 13F filing?
A: Key moves included a new "Buy" in SPROTT ASSET MANAGEMENT LP at 6.4%, deep reductions in COHR -9.81%, XOM -6.04%, and GOOG -6.02%, plus adds to EQT +1.22% and FANG +1.15%.
Q: Why is Vandenberg's portfolio relatively unconcentrated compared to peers?
A: At 39.5% in the top 10 across 106 positions, it balances conviction (e.g., 6.4% Sprott) with diversification, reflecting Van Den Berg's risk-averse value style that avoids single-stock blowups while pursuing broad undervalued opportunities.
Q: What sectors dominate Vandenberg's top holdings?
A: Commodities/gold (Sprott, SA), energy (XOM, EQT, FANG), tech (GOOG, COHR), and quality like BRK-B, with trims shifting toward resources.
Q: How can I track and follow Vandenberg Capital Management's portfolio?
A: Use ValueSense's superinvestor tracker at https://valuesense.io/superinvestors/vandenberg for real-time 13F updates, historical changes, and visualizations. Note the 45-day reporting lag means positions may evolve post-filing—ideal for idea generation, not blind copying.
Explore More Investment Opportunities
For investors seeking undervalued companies with high fundamental quality, our analytics team provides curated stock lists:
📌 50 Undervalued Stocks (Best overall value plays for 2026)
📌 50 Undervalued Dividend Stocks (For income-focused investors)
📌 50 Undervalued Growth Stocks (High-growth potential with strong fundamentals)
🔍 Check out these stocks on the Value Sense platform for free!