Semper Augustus

Q4 2022 13F · by Christopher Bloomstran, CIO

As of: Dec 31, 2022
Filed: Feb 14, 2023
US stock: $367M · prev $331M
Positions: 33 · prev 34
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%

Moves27 since the prior filing

+4.2 pp in · −4.5 pp out

New 0 0.00 pp
Added 11 +4.20 pp
Trimmed 15 −1.67 pp
Exited 1 −2.81 pp

The book

Concentrated · behaves like 12 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 11% a year, about 9.4 years per position

Low
Moderate
High

Top 5 positions54% of US stock

BRK.B BERKSHIRE HATHAWAY Class B added+0.85 pp added+0.8519.3%
BRK.A Berkshire Hathaway Inc. added+1.12 pp added+1.1213.7%
OLN Olin Corp. trimmed+0.92 pp trimmed+0.929.2%
NEM Newmont Corporation added+0.44 pp added+0.445.9%
MCY Mercury General Corp. added+0.63 pp added+0.635.5%

Positions33 in this filing · 1 exited


BRK.BBERKSHIRE HATHAWAY Class B	19.26%	229,007	$71M	added0%	+0.85 pp	39 q
BRK.ABerkshire Hathaway Inc.	13.66%	107	$50M	added+5%	+1.12 pp	39 q
OLNOlin Corp.	9.24%	640,893	$34M	trimmed−0%	+0.92 pp	14 q
NEMNewmont Corporation	5.86%	456,046	$22M	added+7%	+0.44 pp	39 q
MCYMercury General Corp.	5.55%	596,485	$20M	added+4%	+0.63 pp	39 q
PARAParamount Global-class B	4.36%	947,720	$16M	trimmed−8%	−1.55 pp	7 q
VLOValero Energy Corporation	4.17%	120,733	$15M	trimmed−1%	+0.24 pp	9 q
DINOHF Sinclair Corporation	3.96%	280,212	$15M	trimmed−1%	−0.65 pp	4 q
KGCKinross Gold Corporation	3.94%	3,536,561	$14M	trimmed−5%	−0.31 pp	39 q
XOMExxon Mobil Corp	3.07%	102,245	$11M	trimmed−16%	−0.16 pp	39 q
DGDollar General Corp.	2.95%	43,997	$11M	trimmed−0%	−0.25 pp	24 q
CMICummins Inc.	2.75%	41,615	$10M	added0%	+0.19 pp	18 q
DLTRDollar Tree Inc.	2.69%	69,879	$10M	trimmed−0%	−0.19 pp	6 q
DISThe Walt Disney Company	2.68%	113,110	$10M	added+68%	+0.76 pp	19 q
SBUXStarbucks Corp	2.67%	98,854	$10M	trimmed−0%	+0.15 pp	19 q
ALKAlaska Air Group, Inc.	2.62%	224,401	$10M	added+8%	+0.15 pp	12 q
EQNREquinor ASA	1.91%	195,883	$7M	trimmed−0%	−0.06 pp	19 q
NXPINXP Semiconductors N.V.	1.71%	39,778	$6M	added+3%	−0.02 pp	18 q
MRKMerck & Co., Inc.	1.34%	44,473	$5M	held	—	39 q
HXLHexcel Corporation	1.14%	71,309	$4M	trimmed−0%	+0.02 pp	27 q
TRVThe Travelers Companies, Inc.	1.03%	20,155	$4M	added+1%	+0.10 pp	39 q
COSTCostco Wholesale Corp	0.62%	4,969	$2M	trimmed−3%	−0.11 pp	39 q
SMHISEACOR Marine Holdings Inc.	0.62%	250,387	$2M	trimmed−0%	+0.19 pp	23 q
GEGE Aerospace	0.41%	17,821	$1M	held	—	6 q
KOCoca-Cola Company	0.39%	22,425	$1M	held	—	39 q
NKENike, Inc.	0.37%	11,501	$1M	trimmed−0%	+0.08 pp	23 q
AXPAmerican Express Company	0.27%	6,598	$974,855	added0%	0.00 pp	32 q
WAFDWaFd, Inc.	0.25%	27,847	$934,267	held	—	39 q
CVXChevron Corporation	0.17%	3,503	$628,678	trimmed−3%	+0.01 pp	8 q
AAPLApple Inc.	0.12%	3,525	$458,003	added+4%	−0.02 pp	2 q
PEPPepsiCo, Inc.	0.08%	1,582	$285,804	held	—	11 q
SHELShell plc	0.08%	4,868	$277,233	held	—	4 q
DOWDow Inc.	0.07%	5,169	$260,466	held	—	2 q
YAlleghany Corporation	—	−11,065	—	exited	−2.81 pp	—