Semper Augustus
Christopher BloomstranHighlands Ranch, COfiles as SEMPER AUGUSTUS INVESTMENTS GROUP LLC
$885m in 50 US stocks at the end of 30 June 2026. The top 10 are 78.9% of the money. It changed about 14.7% of the portfolio this quarter.
Value
$885m
Stocks
50
Top 10 share
78.9%
Turnover
14.7%
What changed this quarter
New
Bought for the first time this quarter.
- PaychexPAYX2.4% of the fund
- S&P GlobalSPGI2.1% of the fund
- Cognizant Technology SolutionsCTSH1.7% of the fund
- MicrosoftMSFT<0.1% of the fund
- Microchip TechnologyMCHP<0.1% of the fund
- Sunbelt Rentals HoldingsSUNB<0.1% of the fund
- Johnson & JohnsonJNJ<0.1% of the fund
Added
Bought more of a stock they already held.
- Berkshire HathawayBRK-B15.5% of the fund+8%
- Alaska Air GroupALK10.6% of the fund+6%
- Berkshire Hathaway INC DELBRK-A10.2% of the fund+3%
- Dollar GeneralDG8.7% of the fund+3%
- Dollar TreeDLTR7.2% of the fund+3%
- Builders FirstSourceBLDR5.6% of the fund+143%
- OlinOLN4.8% of the fund+6%
- Kinross GoldKGC4.1% of the fund+3%
- Walt DisneyDIS1.7% of the fund+5%
- AppleAAPL0.2% of the fund+12%
Cut
Sold some of their stake.
- NewmontNEM4.7% of the fund-7%
- Five BelowFIVE2.1% of the fund-45%
- HF SinclairDINO2.0% of the fund-30%
- Valero EnergyVLO1.1% of the fund-14%
- CumminsCMI1.0% of the fund-67%
- Equinor ASAEQNR0.6% of the fund-8%
- StarbucksSBUX0.5% of the fund-82%
- NXP SemiconductorsNXPI0.2% of the fund-41%
- American ExpressAXP0.1% of the fund-4%
- Ishares TRSGOV<0.1% of the fund-14%
Sold out
Sold their entire stake.
- FlexFLEX-100%
Holdings
- Berkshire Hathaway INC DELBRK-A
- Share
- 10.2%
- Value
- $90m
- Shares
- 120
+3%
- Kinross GoldKGC
- Share
- 4.1%
- Value
- $37m
- Shares
- 1,548,995
+3%
- World Gold TRGLDM
- Share
- 0.2%
- Value
- $2m
- Shares
- 24,063
Held
- Ishares TRSGOV
- Share
- <0.1%
- Value
- $862,742
- Shares
- 8,570
-14%
- Sprott Asset Management LPPHYS
- Share
- <0.1%
- Value
- $720,128
- Shares
- 23,869
Held
- ShellSHEL
- Share
- <0.1%
- Value
- $385,219
- Shares
- 4,968
Held
- Abrdn Silver ETF TrustSIVR
- Share
- <0.1%
- Value
- $238,654
- Shares
- 4,245
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Berkshire HathawayBRK-B | 15.5% | $137m | 273,145 | +8% |
| Alaska Air GroupALK | 10.6% | $94m | 1,793,627 | +6% |
| Berkshire Hathaway INC DELBRK-A | 10.2% | $90m | 120 | +3% |
| Dollar GeneralDG | 8.7% | $77m | 665,307 | +3% |
| Deckers OutdoorDECK | 7.5% | $67m | 670,199 | Held |
| Dollar TreeDLTR | 7.2% | $64m | 530,113 | +3% |
| Builders FirstSourceBLDR | 5.6% | $50m | 553,722 | +143% |
| OlinOLN | 4.8% | $43m | 2,153,826 | +6% |
| NewmontNEM | 4.7% | $42m | 447,228 | -7% |
| Kinross GoldKGC | 4.1% | $37m | 1,548,995 | +3% |
| PaychexPAYX | 2.4% | $21m | 211,640 | New |
| Five BelowFIVE | 2.1% | $19m | 105,657 | -45% |
| S&P GlobalSPGI | 2.1% | $19m | 45,989 | New |
| HF SinclairDINO | 2.0% | $18m | 252,187 | -30% |
| Walt DisneyDIS | 1.7% | $15m | 160,653 | +5% |
| Cognizant Technology SolutionsCTSH | 1.7% | $15m | 377,991 | New |
| Valero EnergyVLO | 1.1% | $10m | 37,893 | -14% |
| CumminsCMI | 1.0% | $9m | 12,972 | -67% |
| ExxonMobil HoldingsXOM | 0.9% | $8m | 57,176 | Held |
| Paramount SkydancePSKY | 0.7% | $6m | 648,835 | Held |
| Travelers CompaniesTRV | 0.7% | $6m | 19,100 | Held |
| MerckMRK | 0.6% | $6m | 44,633 | Held |
| Equinor ASAEQNR | 0.6% | $5m | 161,175 | -8% |
| StarbucksSBUX | 0.5% | $5m | 45,761 | -82% |
| General ElectricGE | 0.4% | $3m | 9,352 | Held |
| Costco WholesaleCOST | 0.4% | $3m | 3,354 | Held |
| GE VernovaGEV | 0.3% | $2m | 1,994 | Held |
| NXP SemiconductorsNXPI | 0.2% | $2m | 7,662 | -41% |
| World Gold TRGLDM | 0.2% | $2m | 24,063 | Held |
| SEACOR Marine HoldingsSMHI | 0.2% | $2m | 208,175 | Held |
| AppleAAPL | 0.2% | $1m | 4,640 | +12% |
| Coca-ColaKO | 0.1% | $1m | 15,328 | Held |
| American ExpressAXP | 0.1% | $1m | 3,311 | -4% |
| ChevronCVX | 0.1% | $1m | 6,063 | Held |
| Ishares TRSGOV | <0.1% | $862,742 | 8,570 | -14% |
| AlphabetGOOG | <0.1% | $859,299 | 2,432 | Held |
| Sprott Asset Management LPPHYS | <0.1% | $720,128 | 23,869 | Held |
| ShellSHEL | <0.1% | $385,219 | 4,968 | Held |
| MastercardMA | <0.1% | $338,038 | 658 | Held |
| Synchrony FinancialSYF | <0.1% | $337,434 | 4,437 | Held |
| Philip Morris InternationalPM | <0.1% | $318,763 | 1,762 | Held |
| GE HealthCare TechnologiesGEHC | <0.1% | $293,230 | 4,581 | Held |
| AlphabetGOOGL | <0.1% | $250,159 | 700 | Held |
| Phillips 66PSX | <0.1% | $248,842 | 1,472 | Held |
| MicrosoftMSFT | <0.1% | $239,106 | 641 | New |
| Abrdn Silver ETF TrustSIVR | <0.1% | $238,654 | 4,245 | Held |
| Microchip TechnologyMCHP | <0.1% | $220,522 | 2,418 | New |
| NetflixNFLX | <0.1% | $212,772 | 2,980 | Held |
| Sunbelt Rentals HoldingsSUNB | <0.1% | $207,523 | 2,774 | New |
| Johnson & JohnsonJNJ | <0.1% | $201,652 | 794 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 24.5% since 30 June 2025.
Where the money is
Financial services18.5%
Everyday goods16.4%
Retail & consumer15.8%
Industrials14.8%
Materials13.7%
Energy4.7%
Media & telecom2.6%
Technology2.1%
Health care0.7%
Other10.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.