Arnold Van Den Berg (Trades, Portfolio), a value investor, founded Century Management in 1974. In both first-quarter 2017 and fourth-quarter 2016 the guru bought shares in the following stocks.
Liberty Braves Group (BATRK)
During the fourth quarter, the guru increased the position by 19.24%. In the first quarter, he increased the holding by 4.85%. The guru holds 0.64% of the company’s outstanding shares.
The company through its subsidiary indirectly owns the Atlanta Braves major league baseball club, the Atlanta Braves' stadium and associated real estate projects.
Seth Klarman (Trades, Portfolio) is the largest shareholder among the gurus with 6.05% of outstanding shares followed by Howard Marks (Trades, Portfolio) with 1.96%, Mario Gabelli (Trades, Portfolio) with 1.62%, Murray Stahl (Trades, Portfolio) with 0.61%, Wallace Weitz (Trades, Portfolio) with 0.45% and Tom Gayner (Trades, Portfolio) with 0.2%.
Schlumberger Ltd. (SLB)
The investor increased his position by 29.24% during the fourth quarter and by 13.30% in the first quarter. The guru holds 0.01% of the company’s outstanding shares.
Schlumberger is a supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry. Its business segments are Reservoir Characterization, Drilling, Production and Cameron.
The largest shareholder among the gurus is Dodge & Cox with 3.39% of outstanding shares followed by Frank Sands (Trades, Portfolio) with 0.39%, Manning & Napier Advisors Inc. with 0.39%, First Eagle Investment (Trades, Portfolio) with 0.33%, Ken Fisher (Trades, Portfolio) with 0.3%, PRIMECAP Management (Trades, Portfolio) with 0.28%, David Rolfe (Trades, Portfolio) with 0.23%, Pioneer Investments (Trades, Portfolio) with 0.21% and Mairs and Power (Trades, Portfolio) with 0.16%.
Devon Energy Corp. (DVN, Financial)
During the fourth quarter, the guru increased his holding by 8.51% and again by 33.68% in the first quarter. The guru holds 0.06% of the company’s outstanding shares.
Devon Energy is an independent energy company engaged in the exploration, development and production of oil, natural gas and NGLs
First Eagle Investment is the largest shareholder among the gurus with 1.21% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 0.97%, Jim Simons (Trades, Portfolio) with 0.7%, Tweedy Browne (Trades, Portfolio) with 0.67%, John Griffin (Trades, Portfolio) with 0.5%, Tweedy Browne Global Value with 0.24% and Third Avenue Management (Trades, Portfolio) with 0.15%.
Ensco PLC Class AĂ‚ (ESV)
During the fourth quarter, the guru increased his position in the company by 26.84% and in the first quarter increased it by 23.85%. The guru holds 0.46% of the company’s outstanding shares.
Ensco provides offshore contract drilling services to national and international oil companies. It operates in the U.S. Gulf of Mexico, Mexico, Brazil, the Mediterranean, the North Sea, the Middle East, West Africa, Australia and Southeast Asia.
The largest shareholder among the gurus is Simons with 3.47% of outstanding shares followed by Pioneer Investments with 0.87%, Joel Greenblatt (Trades, Portfolio) with 0.62%, Steven Cohen (Trades, Portfolio) with 0.54%, Jeremy Grantham (Trades, Portfolio) with 0.07% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.
Pioneer Energy Services Corp. (PES)
During the fourth quarter, the guru increased his position by 27.46% and in the first quarter increased it again by 171.29%. The guru holds 4.12% of the company’s outstanding shares.
Pioneer Energy Services provides drilling services and production services to a group of independent and large oil and gas exploration and production companies throughout much of the onshore oil- and gas-producing regions of the U.S. and Colombia.
Leon Cooperman (Trades, Portfolio) is another notable shareholder among the gurus with 0.13% of outstanding shares followed by Chuck Royce (Trades, Portfolio) with 0.07% and Jones with 0.07%.
Apache Corp. (APA)
The guru increased the position by 11.76% during the fourth quarter and by 22.96% in the first quarter. The guru holds 0.09% of the company’s outstanding shares.
Apache is an independent energy company that explores, develops and produces natural gas, crude oil and natural gas liquids. It has interests in six countries: the U.S., Canada, Egypt, Australia, the U.K. North Sea (North Sea) and Argentina.
The largest shareholder among the gurus is Dodge & Cox with 7.6% of outstanding shares followed by Chris Davis (Trades, Portfolio) with 5.15%, Bill Nygren (Trades, Portfolio) with 1.82%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.93%, Pioneer Investments with 0.37%, Charles Brandes (Trades, Portfolio) with 0.3% and HOTCHKIS & WILEY with 0.22%.
CK Hutchison Holdings Ltd. ADRĂ‚ (CKHUY)
During the fourth quarter, the investor increased the position by 38.31% and in the first quarter increased it by 9.73%. The guru holds 0.04% of the company’s outstanding shares.
CK Hutchison Holdings is an investment holding company. The company along with its subsidiaries operates in five segments including Ports and related services; Retail; Infrastructure; Energy; and Telecommunications.
Atwood Oceanics Inc. (ATW)
The investor increased his stake by 13.44% during the fourth quarter and in the first quarter added to the position by 24.78%. The guru holds 3.27% of the company’s outstanding shares.
Atwood Oceanics is an offshore drilling contractor, engaged in drilling and completion of exploratory and developmental oil and gas wells.
Another notable shareholder among the gurus is Greenblatt with 0.87% of outstanding shares followed by Royce with 0.31% and Grantham with 0.14%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
Start a free seven-day trial of Premium Membership to GuruFocus.
