Semper Augustus

Q3 2020 13F · by Christopher Bloomstran, CIO

As of: Sep 30, 2020
Filed: Nov 13, 2020
US stock: $195M · prev $177M
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%

Moves21 since the prior filing

−0.2 pp in · −0.5 pp out

New 0 0.00 pp
Added 5 −0.25 pp
Trimmed 16 −0.55 pp
Exited 0 0.00 pp

The book

Concentrated · behaves like 10 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 2.0% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions58% of US stock

BRK.B BERKSHIRE HATHAWAY Class B trimmed+1.50 pp trimmed+1.5022.6%
BRK.A Berkshire Hathaway Inc. held held14.0%
NEM Newmont Corporation added−0.58 pp added−0.5810.2%
KGC Kinross Gold Corporation added+0.66 pp added+0.665.5%
SBUX Starbucks Corp trimmed+0.29 pp trimmed+0.295.4%

Positions27 in this filing · 0 exited


BRK.BBERKSHIRE HATHAWAY Class B	22.56%	206,361	$44M	trimmed−1%	+1.50 pp	30 q
BRK.ABerkshire Hathaway Inc.	13.97%	85	$27M	held	—	30 q
NEMNewmont Corporation	10.23%	314,001	$20M	added+1%	−0.58 pp	30 q
KGCKinross Gold Corporation	5.51%	1,216,635	$11M	added+2%	+0.66 pp	30 q
SBUXStarbucks Corp	5.43%	123,017	$11M	trimmed−1%	+0.29 pp	10 q
DISThe Walt Disney Company	4.87%	76,417	$9M	trimmed−0%	+0.03 pp	10 q
OLNOlin Corp.	4.61%	724,993	$9M	added+2%	−0.02 pp	5 q
MCYMercury General Corp.	4.59%	216,227	$9M	added+3%	−0.25 pp	30 q
NXPINXP Semiconductors N.V.	3.32%	51,839	$6M	trimmed−1%	−0.05 pp	9 q
CMICummins Inc.	3.25%	30,008	$6M	trimmed−3%	+0.23 pp	9 q
COSTCostco Wholesale Corp	3.14%	17,238	$6M	trimmed−10%	−0.15 pp	30 q
XOMExxon Mobil Corp	2.52%	142,964	$5M	trimmed−0%	−1.11 pp	30 q
YAlleghany Corporation	2.14%	8,017	$4M	added+1%	−0.06 pp	3 q
MRKMerck & Co., Inc.	1.88%	44,044	$4M	held	—	30 q
ALKAlaska Air Group, Inc.	1.73%	92,035	$3M	trimmed−1%	−0.17 pp	3 q
GPCGenuine Parts Company	1.51%	30,843	$3M	trimmed−1%	−0.02 pp	3 q
HXLHexcel Corporation	1.24%	71,851	$2M	trimmed−1%	−0.61 pp	18 q
AXPAmerican Express Company	1.18%	22,902	$2M	trimmed−1%	−0.07 pp	23 q
DGDollar General Corp.	1.15%	10,684	$2M	trimmed−0%	−0.01 pp	15 q
TRVThe Travelers Companies, Inc.	1.11%	20,000	$2M	held	—	30 q
EQNREquinor ASA	1.01%	139,906	$2M	trimmed−1%	−0.14 pp	10 q
NKENike, Inc.	0.87%	13,531	$2M	trimmed−1%	+0.12 pp	14 q
WAFDWaFd, Inc.	0.70%	64,993	$1M	trimmed−0%	−0.29 pp	30 q
KOCoca-Cola Company	0.65%	25,500	$1M	held	—	30 q
unresolvedGeneral Electric Co	0.46%	142,607	$888,000	held	—	30 q
SMHISEACOR Marine Holdings Inc.	0.27%	257,672	$523,000	trimmed−1%	−0.10 pp	14 q
PEPPepsiCo, Inc.	0.11%	1,582	$219,000	held	—	2 q

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001172661-20-002115
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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