Arnold Van Den Berg’s Century Management Advisers has filed a Form 13F, detailing its latest buys during Q3. Century Management Advisers is a value based fund, founded in 1974 by Arnold Van Den Berg. He is the CEO and Chief investment officer of the firm, which had a portfolio value of about $94 million in Q3, spread across a total of eighty countries within thirteen different sectors.
Century Management Advisers Portfolio:
After 13 years at the head of KG Funds, the firm's founder, Ike Kier, has decided to step down and return outside capital to investors. The firm manages around $613 million of assets across its funds and client accounts. According to a copy of the firm's latest investor update, Kier has decided to step down Read More
Arnold Van Den Berg has a majority of his portfolio funds invested in the information technology sector, which holds 28% of the total AUM. The firm bought Hewlett-Packard Company (NYSE:HPQ) to add to this sector, while adding to its stake in CISCO Systems, Inc. (NASDAQ:CSCO) during Q3. Van Den Berg bought 5,080 shares of Hewlett-Packard Company (NYSE:HPQ), at an average price of $18.60 per share, to trigger 0.734 percentage change in the overall portfolio. The added shares in CISCO Systems, Inc. (NASDAQ:CSCO) counter triggered a 4.50 percentage change in portfolio.
The industrial sector accounts for just over 24% of the value investing oriented hedge fund’s portfolio. Century Management Advisers bought Kirby Corporation (NYSE:KEX), while adding to Jacobs Engineering Group Inc (NYSE:JEC).
The firm bought a stake in The Charles Schwab Corporation (NYSE:SCHW), while reducing its existing ownership in Wells Fargo & Company (NYSE:WFC) by 26.79%, after selling 2.45 million shares, and acquiring just over 500,00 shares from this counter. This sector accounts for about 9.78% of Arnold Van Den Berg’s portfolio.
Century Management Advisers bought a stake in TOTAL S.A. (NYSE:TOT), which represents a portfolio change of 1.35%, after it acquired 25,425 shares of the oil and gas Paris-based company. This sector represents 8.51% of the company’s portfolio. Consumer Discretionary represents 5.91%, while the Industrial goods sector accounts for 5.31%.
Top New Buys
TOTAL S.A. (NYSE:TOT) was the firm’s top buy during the third quarter, followed by Layne Christensen Company (NASDAQ:LAYN), where the it bought 44,400 shares, representing a 0.92 percentage change in the overall portfolio. The firm’s top holdings are headed by CISCO Systems, with 237,590 shares at an average price of $19.08 per share, followed by Jacobs Engineering Group Inc (NYSE:JEC) and Applied Materials, Inc. (NYSE:AMAT).