Institutional Manager · CIK 0001115373
SEMPER AUGUSTUS INVESTMENTS GROUP LLC
Highlands Ranch, CO · File #028-12692
Latest AUM
$869.6M
Positions
39
Top-10 Concentration
82.1%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | DECKERS OUTDOOR CORP | DECK | +264,857 | +$27.5M | +$862,135 |
| REDUCE | KINROSS GOLD CORP | KGCRF | -476,822 | -$13.4M | +$8.6M |
| REDUCE | FIVE BELOW INC | FIVE | -43,107 | -$8.1M | +$10.4M |
| ADD | ALASKA AIR GROUP INC | ALK | +30,691 | +$1.5M | +$196,868 |
| REDUCE | NEWMONT CORP | NEMCL | -14,968 | -$1.5M | +$10.5M |
| REDUCE | GE VERNOVA INC | GEV | -1,442 | -$942,448 | +$132,871 |
| ADD | DOLLAR TREE INC | DLTR | +7,503 | +$922,944 | +$14.5M |
| ADD | EQUINOR ASA | STOHF | +24,654 | +$582,574 | -$430,298 |
| REDUCE | BERKSHIRE HATHAWAY INC DEL | BRK-A | -1,028 | -$516,724 | -$22,522 |
| ADD | OLIN CORP | OLN | +19,195 | +$399,832 | -$8.0M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202539 pos · $869.6M
- 13F HOLDINGS REPORTQ/E Sep 202538 pos · $801.2M
- 13F HOLDINGS REPORTQ/E Jun 202537 pos · $710.6M
- 13F HOLDINGS REPORTQ/E Mar 202536 pos · $620.3M
- 13F HOLDINGS REPORTQ/E Dec 202437 pos · $559.5M
- 13F HOLDINGS REPORTQ/E Sep 202437 pos · $591.6M
- 13F HOLDINGS REPORTQ/E Jun 202439 pos · $559.0M
- 13F HOLDINGS REPORTQ/E Mar 202436 pos · $546.7M
- 13F HOLDINGS REPORTQ/E Dec 202333 pos · $417.2M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 249,211 | $125.3M | 14.41% |
| 2 | DOLLAR GEN CORP NEW | 256677105 | 925,955 | $122.9M | 14.14% |
| 3 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 116 | $87.6M | 10.07% |
| 4 | DECKERS OUTDOOR CORP | DECK | 639,698 | $66.3M | 7.63% |
| 5 | NEWMONT CORP | NEMCL | 663,239 | $66.2M | 7.62% |
| 6 | DOLLAR TREE INC | DLTR | 512,660 | $63.1M | 7.25% |
| 7 | KINROSS GOLD CORP | KGCRF | 2,112,933 | $59.5M | 6.84% |
| 8 | FIVE BELOW INC | FIVE | 265,234 | $50.0M | 5.75% |
| 9 | OLIN CORP | OLN | 1,943,440 | $40.5M | 4.66% |
| 10 | VALERO ENERGY CORP | VLO | 198,658 | $32.3M | 3.72% |
| 11 | ALASKA AIR GROUP INC | ALK | 409,282 | $20.6M | 2.37% |
| 12 | STARBUCKS CORP | SBUX | 241,470 | $20.3M | 2.34% |
| 13 | CUMMINS INC | CMI | 39,774 | $20.3M | 2.33% |
| 14 | DISNEY WALT CO | 254687106 | 145,782 | $16.6M | 1.91% |
| 15 | HF SINCLAIR CORP | DINO | 358,527 | $16.5M | 1.90% |
| 16 | EQUINOR ASA | STOHF | 598,385 | $14.1M | 1.63% |
| 17 | PARAMOUNT SKYDANCE CORP | PSKY | 659,061 | $8.8M | 1.02% |
| 18 | EXXON MOBIL CORP | XOM | 57,556 | $6.9M | 0.80% |
| 19 | TRAVELERS COMPANIES INC | TRV | 19,100 | $5.5M | 0.64% |
| 20 | MERCK & CO INC | MRK | 44,443 | $4.7M | 0.54% |