Century Management Doubles MarketAxess Stake With $5.5M Position
Value investor Arnold Van Den Berg increased his stake in MarketAxess by 16,382 shares to 30,399 shares, a 116.87% surge. The position now represents 0.68% of his Century Management portfolio with a total value of $5.51 million.
1. Stake Increase Details
Arnold Van Den Berg added 16,382 MarketAxess shares, bringing his total to 30,399 shares. This represents a 116.87% increase in share count, valued at $5.51 million and accounting for 0.68% of his Century Management portfolio.
2. Investment Strategy Context
Since founding Century Management in 1974, Van Den Berg has applied Benjamin Graham–style value investing, targeting investments at 40% to 65% discounts to intrinsic value. He typically holds 35–40 U.S.-based companies, seeking a margin of safety before adding or increasing positions.