# SEMPER AUGUSTUS INVESTMENTS GROUP LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1115373. Source: https://holderbook.com/funds/1115373-semper-augustus-investments-group-llc/

- Reported value: $884.6M
- Positions: 50
- Weight of the ten largest: 78.9%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $136.7M | 273,145 | 15.5% | 31 |
| ALASKA AIR GROUP INC | [ALK](https://holderbook.com/stocks/ALK/) | $93.6M | 1,793,627 | 10.6% | 26 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $89.9M | 120 | 10.2% | 31 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $76.6M | 665,307 | 8.7% | 31 |
| DECKERS OUTDOOR CORP | [DECK](https://holderbook.com/stocks/DECK/) | $66.5M | 670,199 | 7.5% | 5 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $64.1M | 530,113 | 7.2% | 20 |
| BUILDERS FIRSTSOURCE INC | [BLDR](https://holderbook.com/stocks/BLDR/) | $49.5M | 553,722 | 5.6% | 2 |
| OLIN CORP | [OLN](https://holderbook.com/stocks/OLN/) | $42.7M | 2,153,826 | 4.8% | 28 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $41.8M | 447,228 | 4.7% | 31 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $36.6M | 1,548,995 | 4.1% | 31 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $20.8M | 211,640 | 2.4% | 1 |
| FIVE BELOW INC | [FIVE](https://holderbook.com/stocks/FIVE/) | $19.0M | 105,657 | 2.1% | 9 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $18.7M | 45,989 | 2.1% | 1 |
| HF SINCLAIR CORP | [DINO](https://holderbook.com/stocks/DINO/) | $17.6M | 252,187 | 2.0% | 18 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $15.5M | 160,653 | 1.7% | 31 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $14.6M | 377,991 | 1.7% | 1 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $9.9M | 37,893 | 1.1% | 23 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $9.3M | 12,972 | 1.0% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $7.8M | 57,176 | 0.9% | 31 |
| PARAMOUNT SKYDANCE CORP | [PSKY](https://holderbook.com/stocks/PSKY/) | $6.4M | 648,835 | 0.7% | 4 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $6.3M | 19,100 | 0.7% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $5.7M | 44,633 | 0.6% | 31 |
| EQUINOR ASA | [EQNR](https://holderbook.com/stocks/EQNR/) | $5.1M | 161,175 | 0.6% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $4.7M | 45,761 | 0.5% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $3.5M | 9,352 | 0.4% | 20 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.1M | 3,354 | 0.4% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $2.3M | 1,994 | 0.3% | 9 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $2.2M | 7,662 | 0.2% | 31 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $1.9M | 24,063 | 0.2% | 8 |
| SEACOR MARINE HLDGS INC | [SMHI](https://holderbook.com/stocks/SMHI/) | $1.6M | 208,175 | 0.2% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.3M | 4,640 | 0.2% | 16 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.2M | 15,328 | 0.1% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.1M | 3,311 | 0.1% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.0M | 6,063 | 0.1% | 22 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $862.7K | 8,570 | 0.1% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $859.3K | 2,432 | 0.1% | 2 |
| SPROTT ASSET MANAGEMENT LP | [PHYS](https://holderbook.com/stocks/PHYS/) | $720.1K | 23,869 | 0.1% | 9 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $385.2K | 4,968 | 0.0% | 18 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $338.0K | 658 | 0.0% | 2 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $337.4K | 4,437 | 0.0% | 9 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $318.8K | 1,762 | 0.0% | 2 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $293.2K | 4,581 | 0.0% | 14 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $250.2K | 700 | 0.0% | 3 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $248.8K | 1,472 | 0.0% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $239.1K | 641 | 0.0% | 1 |
| ABRDN SILVER ETF TRUST | [SIVR](https://holderbook.com/stocks/SIVR/) | $238.7K | 4,245 | 0.0% | 3 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $220.5K | 2,418 | 0.0% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $212.8K | 2,980 | 0.0% | 2 |
| SUNBELT RENTALS HOLDINGS INC | [SUNB](https://holderbook.com/stocks/SUNB/) | $207.5K | 2,774 | 0.0% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $201.7K | 794 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +0.8% | +14.8% | -14.1% | 100% |
| Q1 2026 | +4.2% | -4.6% | +8.8% | 100% |
| Q4 2025 | +7.7% | +2.4% | +5.3% | 100% |
| Q3 2025 | +9.2% | +7.8% | +1.3% | 100% |
| Q2 2025 | +7.4% | +10.5% | -3.0% | 100% |
| Q1 2025 | +9.4% | -4.6% | +14.0% | 100% |
| Q4 2024 | -4.5% | +2.1% | -6.7% | 100% |
| Q3 2024 | +5.1% | +5.4% | -0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $884.6M | 50 |
| Q1 2026 | $837.3M | 44 |
| Q4 2025 | $869.6M | 39 |
| Q3 2025 | $801.2M | 38 |
| Q2 2025 | $710.6M | 37 |
| Q1 2025 | $620.3M | 36 |
| Q4 2024 | $559.5M | 37 |
| Q3 2024 | $591.6M | 37 |
| Q2 2024 | $559.0M | 39 |
| Q1 2024 | $546.7M | 36 |
| Q4 2023 | $477.8M | 35 |
| Q3 2023 | $417.2M | 33 |