Semper Augustus

Q2 2021 13F · by Christopher Bloomstran, CIO

As of: Jun 30, 2021
Filed: Aug 16, 2021
US stock: $301M · prev $265M
Positions: 36 · prev 30
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%

Moves30 since the prior filing

+10.0 pp in · −9.1 pp out

New 7 +10.84 pp
Added 10 −0.80 pp
Trimmed 12 −7.71 pp
Exited 1 −1.34 pp

The book

Concentrated · behaves like 12 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 26% a year, about 3.9 years per position

Low
Moderate
High

Top 5 positions59% of US stock

BRK.B BERKSHIRE HATHAWAY Class B added−0.27 pp added−0.2719.0%
BRK.A Berkshire Hathaway Inc. held held11.8%
OLN Olin Corp. added+0.92 pp added+0.9211.3%
PARA Paramount Global-class B new+9.03 pp new+9.039.0%
NEM Newmont Corporation added−0.33 pp added−0.337.6%

Positions36 in this filing · 1 exited


BRK.BBERKSHIRE HATHAWAY Class B	18.99%	205,808	$57M	added+3%	−0.27 pp	33 q
BRK.ABerkshire Hathaway Inc.	11.81%	85	$36M	held	—	33 q
OLNOlin Corp.	11.27%	733,900	$34M	added+2%	+0.92 pp	8 q
PARAParamount Global-class B	9.03%	602,081	$27M	new	+9.03 pp	new
NEMNewmont Corporation	7.59%	360,539	$23M	added+4%	−0.33 pp	33 q
KGCKinross Gold Corporation	3.74%	1,771,994	$11M	added+14%	−0.17 pp	33 q
XOMExxon Mobil Corp	3.44%	164,340	$10M	added+4%	+0.10 pp	33 q
SBUXStarbucks Corp	3.14%	84,602	$9M	trimmed−19%	−1.15 pp	13 q
MCYMercury General Corp.	3.09%	143,390	$9M	trimmed−52%	−3.74 pp	33 q
VLOValero Energy Corporation	2.79%	107,671	$8M	added0%	−0.11 pp	3 q
HFCHollyfrontier Corp	2.73%	249,735	$8M	added+11%	−0.32 pp	3 q
CMICummins Inc.	2.36%	29,172	$7M	trimmed−1%	−0.51 pp	12 q
DISThe Walt Disney Company	2.26%	38,702	$7M	added0%	−0.43 pp	13 q
YAlleghany Corporation	1.88%	8,509	$6M	trimmed−0%	−0.14 pp	6 q
ALKAlaska Air Group, Inc.	1.78%	88,700	$5M	trimmed−3%	−0.62 pp	6 q
NXPINXP Semiconductors N.V.	1.59%	23,293	$5M	trimmed−40%	−1.38 pp	12 q
HXLHexcel Corporation	1.47%	71,146	$4M	trimmed−1%	−0.04 pp	21 q
EQNREquinor ASA	1.33%	188,807	$4M	added0%	−0.05 pp	13 q
OXY/WSOccidental Petroleum Corporation Warrants to Purchase	1.23%	266,717	$4M	new	+1.23 pp	new
AXPAmerican Express Company	1.22%	22,231	$4M	trimmed−3%	0.00 pp	26 q
MRKMerck & Co., Inc.	1.14%	44,073	$3M	held	—	33 q
TRVThe Travelers Companies, Inc.	0.99%	20,000	$3M	held	—	33 q
COSTCostco Wholesale Corp	0.89%	6,750	$3M	trimmed−0%	−0.01 pp	33 q
DGDollar General Corp.	0.76%	10,640	$2M	trimmed−0%	−0.06 pp	18 q
WAFDWaFd, Inc.	0.68%	64,559	$2M	trimmed−1%	−0.07 pp	33 q
unresolvedGeneral Electric Co	0.64%	142,607	$2M	held	—	33 q
NKENike, Inc.	0.55%	10,675	$2M	trimmed−1%	+0.01 pp	17 q
KOCoca-Cola Company	0.46%	25,500	$1M	held	—	33 q
SMHISEACOR Marine Holdings Inc.	0.38%	260,735	$1M	added+2%	−0.14 pp	17 q
OXYOccidental Petroleum Corporation	0.22%	21,000	$657,000	new	+0.22 pp	new
CVXChevron Corporation	0.11%	3,288	$344,000	held	—	2 q
PSTHPershing Square Tontine Holdings, Ltd.	0.11%	14,000	$319,000	new	+0.11 pp	new
METAMeta Platforms, Inc. Class A	0.10%	900	$313,000	new	+0.10 pp	new
PEPPepsiCo, Inc.	0.08%	1,582	$234,000	held	—	5 q
UPBDUpbound Group, Inc.	0.08%	4,600	$244,000	new	+0.08 pp	new
SYFSynchrony Financial	0.07%	4,437	$215,000	new	+0.07 pp	new
GPCGenuine Parts Company	—	−30,792	—	exited	−1.34 pp	—