Semper Augustus

Q2 2020 13F · by Christopher Bloomstran, CIO

As of: Jun 30, 2020
Filed: Aug 14, 2020
US stock: $177M · prev $159M
Positions: 27 · 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%

Moves25 since the prior filing

−3.3 pp in · +3.7 pp out

New 1 +0.12 pp
Added 9 −3.46 pp
Trimmed 14 +3.86 pp
Exited 1 −0.17 pp

The book

Concentrated · behaves like 11 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 7.8% a year, about 12.9 years per position

Low
Moderate
High

Top 5 positions55% of US stock

BRK.B BERKSHIRE HATHAWAY Class B added−2.49 pp added−2.4921.1%
BRK.A Berkshire Hathaway Inc. added−1.55 pp added−1.5512.8%
NEM Newmont Corporation trimmed+1.90 pp trimmed+1.9010.8%
SBUX Starbucks Corp added+0.07 pp added+0.075.1%
KGC Kinross Gold Corporation trimmed+1.84 pp trimmed+1.844.8%

Positions27 in this filing · 1 exited


BRK.BBERKSHIRE HATHAWAY Class B	21.06%	208,701	$37M	added+2%	−2.49 pp	29 q
BRK.ABerkshire Hathaway Inc.	12.85%	85	$23M	added+1%	−1.55 pp	29 q
NEMNewmont Corporation	10.81%	309,595	$19M	trimmed−1%	+1.90 pp	29 q
SBUXStarbucks Corp	5.14%	123,647	$9M	added+1%	+0.07 pp	9 q
KGCKinross Gold Corporation	4.85%	1,187,953	$9M	trimmed−1%	+1.84 pp	29 q
DISThe Walt Disney Company	4.84%	76,771	$9M	added+1%	+0.20 pp	9 q
MCYMercury General Corp.	4.84%	209,903	$9M	added+10%	−0.05 pp	29 q
OLNOlin Corp.	4.63%	712,272	$8M	added+3%	−0.44 pp	4 q
XOMExxon Mobil Corp	3.63%	143,663	$6M	trimmed−0%	+0.18 pp	29 q
NXPINXP Semiconductors N.V.	3.37%	52,202	$6M	trimmed−1%	+0.62 pp	8 q
COSTCostco Wholesale Corp	3.29%	19,161	$6M	trimmed−1%	−0.18 pp	29 q
CMICummins Inc.	3.02%	30,826	$5M	trimmed−1%	+0.36 pp	8 q
YAlleghany Corporation	2.20%	7,970	$4M	added×2.1	+0.90 pp	2 q
MRKMerck & Co., Inc.	1.93%	44,044	$3M	held	—	29 q
ALKAlaska Air Group, Inc.	1.90%	92,500	$3M	trimmed−1%	+0.23 pp	2 q
HXLHexcel Corporation	1.85%	72,282	$3M	trimmed−0%	+0.15 pp	17 q
GPCGenuine Parts Company	1.53%	31,053	$3M	trimmed−1%	+0.20 pp	2 q
TRVThe Travelers Companies, Inc.	1.29%	20,000	$2M	held	—	29 q
AXPAmerican Express Company	1.25%	23,161	$2M	trimmed−1%	−0.01 pp	22 q
DGDollar General Corp.	1.16%	10,722	$2M	trimmed−56%	−1.18 pp	14 q
EQNREquinor ASA	1.15%	140,944	$2M	trimmed−0%	+0.06 pp	9 q
WAFDWaFd, Inc.	0.99%	65,276	$2M	added+1%	−0.07 pp	29 q
NKENike, Inc.	0.75%	13,615	$1M	trimmed−0%	+0.04 pp	13 q
KOCoca-Cola Company	0.64%	25,500	$1M	added+6%	−0.03 pp	29 q
unresolvedGeneral Electric Co	0.55%	142,607	$974,000	held	—	29 q
SMHISEACOR Marine Holdings Inc.	0.37%	259,015	$660,000	trimmed−1%	−0.35 pp	13 q
PEPPepsiCo, Inc.	0.12%	1,582	$209,000	new	+0.12 pp	new
MDTMedtronic plc	—	−3,056	—	exited	−0.17 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001172661-20-001785
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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