Semper Augustus

Q4 2018 13F · by Christopher Bloomstran, CIO

As of: Dec 31, 2018
Filed: Feb 13, 2019
US stock: $156M · prev $173M
Positions: 28 · prev 29
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves24 since the prior filing

+1.0 pp in · −1.5 pp out

New 0 0.00 pp
Added 1 +0.98 pp
Trimmed 22 +1.71 pp
Exited 1 −3.18 pp

The book

Very concentrated · behaves like 10 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 4.2% a year, about 23.9 years per position

Low
Moderate
High

Top 5 positions58% of US stock

BRK.B BERKSHIRE HATHAWAY Class B trimmed+1.01 pp trimmed+1.0123.7%
BRK.A Berkshire Hathaway Inc. trimmed+0.84 pp trimmed+0.8416.7%
SBUX Starbucks Corp trimmed+1.36 pp trimmed+1.367.2%
MCY Mercury General Corp. trimmed+0.55 pp trimmed+0.555.0%
XOM Exxon Mobil Corp trimmed−0.68 pp trimmed−0.684.9%

Positions28 in this filing · 1 exited


BRK.BBERKSHIRE HATHAWAY Class B	23.74%	181,032	$37M	trimmed−2%	+1.01 pp	23 q
BRK.ABerkshire Hathaway Inc.	16.71%	85	$26M	trimmed−1%	+0.84 pp	23 q
SBUXStarbucks Corp	7.15%	172,724	$11M	trimmed−2%	+1.36 pp	3 q
MCYMercury General Corp.	5.02%	150,972	$8M	trimmed−2%	+0.55 pp	23 q
XOMExxon Mobil Corp	4.91%	111,989	$8M	trimmed−2%	−0.68 pp	23 q
DGDollar General Corp.	3.89%	55,987	$6M	trimmed−3%	+0.26 pp	8 q
NEMNewmont Corporation	3.88%	174,526	$6M	trimmed−1%	+0.82 pp	23 q
unresolvedU S G Corp	3.57%	130,280	$6M	trimmed−12%	−0.13 pp	3 q
COSTCostco Wholesale Corp	2.55%	19,516	$4M	trimmed−2%	−0.13 pp	23 q
CMICummins Inc.	2.51%	29,295	$4M	trimmed−2%	−0.02 pp	2 q
NXPINXP Semiconductors N.V.	2.48%	52,592	$4M	added+73%	+0.98 pp	2 q
SMHISEACOR Marine Holdings Inc.	2.43%	321,148	$4M	trimmed−2%	−1.86 pp	7 q
HXLHexcel Corporation	2.39%	64,762	$4M	trimmed−2%	−0.17 pp	11 q
18614USDGoldcorp Inc	2.31%	367,048	$4M	trimmed−3%	+0.07 pp	23 q
KGCKinross Gold Corporation	2.26%	1,083,752	$4M	trimmed−2%	+0.54 pp	23 q
MRKMerck & Co., Inc.	2.10%	42,723	$3M	held	—	23 q
NKENike, Inc.	1.85%	38,792	$3M	trimmed−2%	−0.09 pp	7 q
TRVThe Travelers Companies, Inc.	1.54%	20,000	$2M	held	—	23 q
DISThe Walt Disney Company	1.51%	21,468	$2M	trimmed−2%	+0.03 pp	3 q
EQNREquinor ASA	1.47%	107,815	$2M	trimmed−2%	−0.32 pp	3 q
AXPAmerican Express Company	1.30%	21,284	$2M	trimmed−2%	−0.04 pp	16 q
unresolvedAVX Corporation	0.93%	95,058	$1M	trimmed−2%	−0.08 pp	23 q
WAFDWaFd, Inc.	0.93%	54,022	$1M	trimmed−2%	−0.09 pp	23 q
KOCoca-Cola Company	0.91%	30,000	$1M	held	—	23 q
INTCIntel Corp	0.62%	20,677	$970,000	trimmed−2%	+0.04 pp	23 q
unresolvedGeneral Electric Co	0.58%	119,415	$904,000	trimmed−0%	−0.20 pp	23 q
MDTMedtronic plc	0.29%	5,050	$459,000	held	—	16 q
RDS.ARoyal Dutch Shell PLC	0.18%	4,868	$284,000	held	—	23 q
SNYSanofi	—	−123,472	—	exited	−3.18 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 3 unresolved
Accession: 0001172661-19-000456
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

Search