Semper Augustus

Q3 2019 13F · by Christopher Bloomstran, CIO

As of: Sep 30, 2019
Filed: Nov 14, 2019
US stock: $175M · prev $169M
Positions: 28 · prev 27
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%

Moves22 since the prior filing

+1.1 pp in · −0.1 pp out

New 1 +2.33 pp
Added 18 −1.24 pp
Trimmed 3 −0.08 pp
Exited 0 0.00 pp

The book

Concentrated · behaves like 11 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.3% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions54% of US stock

BRK.B BERKSHIRE HATHAWAY Class B added−0.52 pp added−0.5222.4%
BRK.A Berkshire Hathaway Inc. held held15.0%
NEM Newmont Corporation added−0.26 pp added−0.266.3%
SBUX Starbucks Corp added+0.13 pp added+0.135.8%
DG Dollar General Corp. trimmed+0.54 pp trimmed+0.544.9%

Positions28 in this filing · 0 exited


BRK.BBERKSHIRE HATHAWAY Class B	22.38%	187,851	$39M	added+4%	−0.52 pp	26 q
BRK.ABerkshire Hathaway Inc.	15.00%	84	$26M	held	—	26 q
NEMNewmont Corporation	6.31%	290,657	$11M	added+1%	−0.26 pp	26 q
SBUXStarbucks Corp	5.79%	114,369	$10M	added0%	+0.13 pp	6 q
DGDollar General Corp.	4.90%	53,826	$9M	trimmed−1%	+0.54 pp	11 q
XOMExxon Mobil Corp	4.58%	113,297	$8M	added+3%	−0.41 pp	26 q
MCYMercury General Corp.	3.45%	107,704	$6M	trimmed−0%	−0.55 pp	26 q
NXPINXP Semiconductors N.V.	3.32%	53,177	$6M	added+1%	+0.27 pp	5 q
COSTCostco Wholesale Corp	3.24%	19,619	$6M	added0%	+0.18 pp	26 q
HXLHexcel Corporation	2.91%	61,768	$5M	added0%	−0.04 pp	14 q
KGCKinross Gold Corporation	2.87%	1,090,010	$5M	added0%	+0.37 pp	26 q
SWKSSkyworks Solutions Inc	2.77%	61,106	$5M	added+1%	0.00 pp	3 q
CMICummins Inc.	2.76%	29,649	$5M	added+1%	−0.22 pp	5 q
SMHISEACOR Marine Holdings Inc.	2.39%	331,313	$4M	added+3%	−0.46 pp	10 q
OLNOlin Corp.	2.33%	216,916	$4M	new	+2.33 pp	new
MRKMerck & Co., Inc.	2.05%	42,512	$4M	trimmed−0%	−0.07 pp	26 q
unresolvedAVX Corporation	1.84%	211,588	$3M	added+4%	−0.17 pp	26 q
TRVThe Travelers Companies, Inc.	1.70%	20,000	$3M	held	—	26 q
DISThe Walt Disney Company	1.63%	21,811	$3M	added+1%	−0.15 pp	6 q
AXPAmerican Express Company	1.40%	20,628	$2M	added+1%	−0.09 pp	19 q
EQNREquinor ASA	1.30%	119,367	$2M	added+4%	−0.05 pp	6 q
INTCIntel Corp	1.19%	40,371	$2M	added+2%	+0.07 pp	26 q
WAFDWaFd, Inc.	1.17%	55,343	$2M	added+2%	+0.05 pp	26 q
KOCoca-Cola Company	0.94%	30,000	$2M	held	—	26 q
NKENike, Inc.	0.69%	12,854	$1M	added+1%	+0.06 pp	10 q
unresolvedGeneral Electric Co	0.61%	119,415	$1M	held	—	26 q
MDTMedtronic plc	0.32%	5,106	$555,000	held	—	19 q
RDS.ARoyal Dutch Shell PLC	0.16%	4,868	$286,000	held	—	26 q

Source

Form: 13F-HR
Reading: 0 defects · 2 unresolved
Accession: 0001172661-19-002277
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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