# EDGAR Filing Document

**Accession Number:** 0001142062
**File Stem:** 0001398344-25-020913
**Filing Date:** 2025-11
**Character Count:** 14614
**Document Hash:** 5f23bc5894cb0d087510632bf00f700f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-020913.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001398344-25-020913

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VAN DEN BERG MANAGEMENT I, INC
- **CENTRAL INDEX KEY:** 0001142062

**ORGANIZATION NAME:**
- **EIN:** 953017097
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05495
- **FILM NUMBER:** 251481671

**BUSINESS ADDRESS:**
- **STREET 1:** 805 LAS CIMAS PARKWAY
- **STREET 2:** SUITE 305
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78746
- **BUSINESS PHONE:** 512-329-0050

**MAIL ADDRESS:**
- **STREET 1:** 805 LAS CIMAS PARKWAY
- **STREET 2:** SUITE 305
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78746

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAN DEN BERG MANAGEMENT I INC
- **DATE OF NAME CHANGE:** 20140819

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAN DEN BERG MANAGEMENT INC/TX
- **DATE OF NAME CHANGE:** 20020917

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAN DEN BERG MANAGEMENT INC/CA
- **DATE OF NAME CHANGE:** 20010606

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** VAN DEN BERG MANAGEMENT I INC<br>**Address:** 805 LAS CIMAS PARKWAY<br>SUITE 305<br>AUSTIN, TX 78746

**Form 13F File Number:** 028-05495

**CRD Number (if applicable):** 000112308

**SEC File Number (if applicable):** 801-14809

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Jim Brilliant<br>**Title:** Co-Chief Investment Officer<br>**Phone:** 512-329-0050

**Signature, Place, and Date of Signing:**

/s/ Jim Brilliant  Austin, TX  11-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 106

**Form 13F Information Table Value Total:** $399161463

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 817010 | 4847 | SH |  | SOLE |  | 4847 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 15302003 | 62829 | SH |  | SOLE |  | 62829 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 5591 | 23 | SH |  | SOLE |  | 23 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 319035 | 1453 | SH |  | SOLE |  | 1453 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 264956 | 7895 | SH |  | SOLE |  | 7895 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 7121126 | 78487 | SH |  | SOLE |  | 78487 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 337327 | 11945 | SH |  | SOLE |  | 11945 | 0 | 0 |
| AZZ INC | COM | 002474104 |  | 721250 | 6609 | SH |  | SOLE |  | 6609 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 3478021 | 67417 | SH |  | SOLE |  | 67417 | 0 | 0 |
| BAYTEX ENERGY CORP | COM | 07317Q105 |  | 420929 | 179884 | SH |  | SOLE |  | 179884 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 13998290 | 27844 | SH |  | SOLE |  | 27844 | 0 | 0 |
| BRISTOW GROUP INC | COM | 11040G103 |  | 2104907 | 58340 | SH |  | SOLE |  | 58340 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 1598842 | 28079 | SH |  | SOLE |  | 28079 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 13891347 | 202557 | SH |  | SOLE |  | 202557 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 560597 | 3610 | SH |  | SOLE |  | 3610 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 5145769 | 19045 | SH |  | SOLE |  | 19045 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 14921805 | 138524 | SH |  | SOLE |  | 138524 | 0 | 0 |
| COLUMBUS MCKINNON CORP N Y | COM | 199333105 |  | 4657675 | 324803 | SH |  | SOLE |  | 324803 | 0 | 0 |
| COMSTOCK RES INC | COM | 205768302 |  | 7980940 | 402468 | SH |  | SOLE |  | 402468 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 4177851 | 44168 | SH |  | SOLE |  | 44168 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 1191936 | 50399 | SH |  | SOLE |  | 50399 | 0 | 0 |
| CRESCENT ENERGY COMPANY | CL A COM | 44952J104 |  | 1187074 | 133080 | SH |  | SOLE |  | 133080 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 7154410 | 36086 | SH |  | SOLE |  | 36086 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 11130079 | 78508 | SH |  | SOLE |  | 78508 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 1088683 | 31052 | SH |  | SOLE |  | 31052 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 11883737 | 83045 | SH |  | SOLE |  | 83045 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 7744780 | 67640 | SH |  | SOLE |  | 67640 | 0 | 0 |
| DMC GLOBAL INC | COM | 23291C103 |  | 86266 | 10209 | SH |  | SOLE |  | 10209 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 9200524 | 28474 | SH |  | SOLE |  | 28474 | 0 | 0 |
| ENCORE ENERGY CORP | COM NEW | 29259W700 |  | 32100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 12710113 | 233513 | SH |  | SOLE |  | 233513 | 0 | 0 |
| ERO COPPER CORP | COM | 296006109 |  | 880167 | 43508 | SH |  | SOLE |  | 43508 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 |  | 1862523 | 5318 | SH |  | SOLE |  | 5318 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 16607826 | 147298 | SH |  | SOLE |  | 147298 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 2905415 | 12321 | SH |  | SOLE |  | 12321 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 3784914 | 22610 | SH |  | SOLE |  | 22610 | 0 | 0 |
| GLOBAL X FDS | MSCI SUPDIV EA | 37954Y699 |  | 6141 | 325 | SH |  | SOLE |  | 325 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X SILVER | 37954Y848 |  | 12535 | 175 | SH |  | SOLE |  | 175 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 296191 | 6213 | SH |  | SOLE |  | 6213 | 0 | 0 |
| HECLA MNG CO | COM | 422704106 |  | 205700 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 4652390 | 48988 | SH |  | SOLE |  | 48988 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 9118521 | 271789 | SH |  | SOLE |  | 271789 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 10468511 | 37101 | SH |  | SOLE |  | 37101 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 912421 | 4810 | SH |  | SOLE |  | 4810 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | DJ INDL AVG DV | 46137V605 |  | 8283 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| KENNEDY-WILSON HOLDINGS INC | COM | 489398107 |  | 8106455 | 974334 | SH |  | SOLE |  | 974334 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 14771248 | 2413603 | SH |  | SOLE |  | 2413603 | 0 | 0 |
| MARKETAXESS HLDGS INC | COM | 57060D108 |  | 2442462 | 14017 | SH |  | SOLE |  | 14017 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 926591 | 1629 | SH |  | SOLE |  | 1629 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 4608724 | 6276 | SH |  | SOLE |  | 6276 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 8873072 | 17131 | SH |  | SOLE |  | 17131 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 2887151 | 6059 | SH |  | SOLE |  | 6059 | 0 | 0 |
| NORTHERN OIL  GAS INC | COM | 665531307 |  | 915278 | 36906 | SH |  | SOLE |  | 36906 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 |  | 801826 | 19857 | SH |  | SOLE |  | 19857 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 6588224 | 514705 | SH |  | SOLE |  | 514705 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 9707696 | 58354 | SH |  | SOLE |  | 58354 | 0 | 0 |
| RANGE RES CORP | COM | 75281A109 |  | 243870 | 6479 | SH |  | SOLE |  | 6479 | 0 | 0 |
| RING ENERGY INC | COM | 76680V108 |  | 55464 | 50884 | SH |  | SOLE |  | 50884 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 6442606 | 187449 | SH |  | SOLE |  | 187449 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 |  | 83891 | 2320 | SH |  | SOLE |  | 2320 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 602729 | 14030 | SH |  | SOLE |  | 14030 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 51843 | 1899 | SH |  | SOLE |  | 1899 | 0 | 0 |
| SEABRIDGE GOLD INC | COM | 811916105 |  | 17943039 | 742983 | SH |  | SOLE |  | 742983 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 637424 | 7135 | SH |  | SOLE |  | 7135 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 11768 | 218 | SH |  | SOLE |  | 218 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 564 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 |  | 3804927 | 124548 | SH |  | SOLE |  | 124548 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 7416888 | 174228 | SH |  | SOLE |  | 174228 | 0 | 0 |
| SOLARIS ENERGY INFRAS INC | COM CL A | 83418M103 |  | 631969 | 15811 | SH |  | SOLE |  | 15811 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 205901 | 444 | SH |  | SOLE |  | 444 | 0 | 0 |
| SPDR SERIES TRUST | OILGAS EQUIP | 78468R549 |  | 4486 | 62 | SH |  | SOLE |  | 62 | 0 | 0 |
| SPDR SERIES TRUST | S OILGAS EXP | 78468R556 |  | 499929 | 3782 | SH |  | SOLE |  | 3782 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 329798 | 7120 | SH |  | SOLE |  | 7120 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD TR | 85207H104 |  | 25624439 | 865106 | SH |  | SOLE |  | 865106 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL SILVER | 85207K107 |  | 593758 | 37819 | SH |  | SOLE |  | 37819 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD AN | 85208R101 |  | 224763 | 6126 | SH |  | SOLE |  | 6126 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 6003595 | 80769 | SH |  | SOLE |  | 80769 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 385614 | 9223 | SH |  | SOLE |  | 9223 | 0 | 0 |
| TALOS ENERGY INC | COM | 87484T108 |  | 273075 | 28475 | SH |  | SOLE |  | 28475 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 7691086 | 26682 | SH |  | SOLE |  | 26682 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 6933361 | 14295 | SH |  | SOLE |  | 14295 | 0 | 0 |
| TIMKEN CO | COM | 887389104 |  | 3133126 | 41675 | SH |  | SOLE |  | 41675 | 0 | 0 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 87182 | 27943 | SH |  | SOLE |  | 27943 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 1983002 | 23740 | SH |  | SOLE |  | 23740 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 8922559 | 25840 | SH |  | SOLE |  | 25840 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 121476 | 1590 | SH |  | SOLE |  | 1590 | 0 | 0 |
| VANECK ETF TRUST | MORTGAGE REIT | 92189F452 |  | 6300 | 585 | SH |  | SOLE |  | 585 | 0 | 0 |
| VANECK ETF TRUST | URANIUM AND NUCL | 92189F601 |  | 29300 | 216 | SH |  | SOLE |  | 216 | 0 | 0 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 677523 | 6836 | SH |  | SOLE |  | 6836 | 0 | 0 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 |  | 1025258 | 10353 | SH |  | SOLE |  | 10353 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 592171 | 967 | SH |  | SOLE |  | 967 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 20112 | 220 | SH |  | SOLE |  | 220 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 77014 | 369 | SH |  | SOLE |  | 369 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 48026 | 156 | SH |  | SOLE |  | 156 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 18705 | 39 | SH |  | SOLE |  | 39 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 21073 | 113 | SH |  | SOLE |  | 113 | 0 | 0 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1271 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 864736 | 2635 | SH |  | SOLE |  | 2635 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 881071 | 4083 | SH |  | SOLE |  | 4083 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 692614 | 11559 | SH |  | SOLE |  | 11559 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 427360 | 3032 | SH |  | SOLE |  | 3032 | 0 | 0 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 350067 | 4134 | SH |  | SOLE |  | 4134 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 4117507 | 14728 | SH |  | SOLE |  | 14728 | 0 | 0 |
| VITAL ENERGY INC | COM | 516806205 |  | 584191 | 34588 | SH |  | SOLE |  | 34588 | 0 | 0 |
| VONTIER CORPORATION | COM | 928881101 |  | 10018721 | 238711 | SH |  | SOLE |  | 238711 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 4179073 | 17360 | SH |  | SOLE |  | 17360 | 0 | 0 |

---