Semper Augustus

Q4 2019 13F · by Christopher Bloomstran, CIO

As of: Dec 31, 2019
Filed: Feb 13, 2020
US stock: $186M · prev $175M
Positions: 28 · prev 28
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%

Moves15 since the prior filing

−1.6 pp in · +2.0 pp out

New 0 0.00 pp
Added 4 −1.63 pp
Trimmed 11 +1.96 pp
Exited 0 0.00 pp

The book

Concentrated · behaves like 10 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.2% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions55% of US stock

BRK.B BERKSHIRE HATHAWAY Class B trimmed+0.47 pp trimmed+0.4722.9%
BRK.A Berkshire Hathaway Inc. held held15.3%
NEM Newmont Corporation trimmed+0.46 pp trimmed+0.466.8%
SBUX Starbucks Corp added−0.38 pp added−0.385.4%
DG Dollar General Corp. trimmed−0.45 pp trimmed−0.454.5%

Positions28 in this filing · 0 exited


BRK.BBERKSHIRE HATHAWAY Class B	22.85%	187,771	$43M	trimmed−0%	+0.47 pp	27 q
BRK.ABerkshire Hathaway Inc.	15.32%	84	$29M	held	—	27 q
NEMNewmont Corporation	6.77%	290,179	$13M	trimmed−0%	+0.46 pp	27 q
SBUXStarbucks Corp	5.41%	114,560	$10M	added0%	−0.38 pp	7 q
DGDollar General Corp.	4.45%	53,151	$8M	trimmed−1%	−0.45 pp	12 q
XOMExxon Mobil Corp	4.28%	114,297	$8M	added+1%	−0.30 pp	27 q
SWKSSkyworks Solutions Inc	3.86%	59,463	$7M	trimmed−3%	+1.09 pp	4 q
NXPINXP Semiconductors N.V.	3.57%	52,177	$7M	trimmed−2%	+0.25 pp	6 q
COSTCostco Wholesale Corp	3.05%	19,319	$6M	trimmed−2%	−0.19 pp	27 q
CMICummins Inc.	2.84%	29,549	$5M	trimmed−0%	+0.08 pp	6 q
MCYMercury General Corp.	2.82%	107,705	$5M	added0%	−0.63 pp	27 q
KGCKinross Gold Corporation	2.78%	1,090,010	$5M	held	—	27 q
SMHISEACOR Marine Holdings Inc.	2.45%	331,313	$5M	held	—	11 q
HXLHexcel Corporation	2.43%	61,768	$5M	held	—	15 q
unresolvedAVX Corporation	2.27%	206,277	$4M	trimmed−3%	+0.43 pp	27 q
MRKMerck & Co., Inc.	2.08%	42,512	$4M	held	—	27 q
OLNOlin Corp.	2.01%	217,328	$4M	added0%	−0.32 pp	2 q
DISThe Walt Disney Company	1.69%	21,811	$3M	held	—	7 q
TRVThe Travelers Companies, Inc.	1.47%	20,000	$3M	held	—	27 q
AXPAmerican Express Company	1.38%	20,628	$3M	held	—	20 q
INTCIntel Corp	1.30%	40,371	$2M	held	—	27 q
EQNREquinor ASA	1.28%	119,367	$2M	held	—	7 q
WAFDWaFd, Inc.	1.09%	55,343	$2M	held	—	27 q
KOCoca-Cola Company	0.71%	24,000	$1M	trimmed−20%	−0.23 pp	27 q
unresolvedGeneral Electric Co	0.71%	118,665	$1M	trimmed−1%	+0.10 pp	27 q
NKENike, Inc.	0.70%	12,854	$1M	held	—	11 q
MDTMedtronic plc	0.27%	4,356	$494,000	trimmed−15%	−0.05 pp	20 q
RDS.ARoyal Dutch Shell PLC	0.15%	4,868	$287,000	held	—	27 q

Source

Form: 13F-HR
Reading: 0 defects · 2 unresolved
Accession: 0001172661-20-000450
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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