Semper Augustus

Q3 2024 13F · by Christopher Bloomstran, CIO

As of: Sep 30, 2024
Filed: Nov 14, 2024
US stock: $592M · prev $559M
Positions: 37 · prev 39
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%

Moves32 since the prior filing

+12.2 pp in · −12.1 pp out

New 2 +0.15 pp
Added 16 +12.01 pp
Trimmed 10 −11.86 pp
Exited 4 −0.26 pp

The book

Concentrated · behaves like 11 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 60% a year, about 1.7 years per position

Low
Moderate
High

Top 5 positions59% of US stock

BRK.B BERKSHIRE HATHAWAY Class B added+1.25 pp added+1.2518.5%
BRK.A Berkshire Hathaway Inc. trimmed+0.82 pp trimmed+0.8214.8%
DG Dollar General Corp. added+1.90 pp added+1.9012.3%
KGC Kinross Gold Corporation trimmed+0.39 pp trimmed+0.397.3%
NEM Newmont Corporation added+1.02 pp added+1.025.9%

Positions37 in this filing · 4 exited


BRK.BBERKSHIRE HATHAWAY Class B	18.50%	237,820	$109M	added0%	+1.25 pp	46 q
BRK.ABerkshire Hathaway Inc.	14.84%	127	$88M	trimmed−1%	+0.82 pp	46 q
DGDollar General Corp.	12.31%	861,192	$73M	added+96%	+1.90 pp	31 q
KGCKinross Gold Corporation	7.31%	4,618,634	$43M	trimmed−1%	+0.39 pp	46 q
NEMNewmont Corporation	5.88%	651,314	$35M	added0%	+1.02 pp	46 q
DLTRDollar Tree Inc.	5.75%	483,438	$34M	added×5.0	+3.90 pp	13 q
OLNOlin Corp.	4.28%	527,442	$25M	added0%	−0.17 pp	21 q
DINOHF Sinclair Corporation	4.00%	530,949	$24M	added+95%	+1.40 pp	11 q
SBUXStarbucks Corp	3.85%	233,517	$23M	added+2%	+0.65 pp	26 q
PARAParamount Global-class B	3.04%	1,691,177	$18M	added+1%	−0.09 pp	14 q
VLOValero Energy Corporation	2.67%	117,046	$16M	added×3.1	+1.62 pp	16 q
ALKAlaska Air Group, Inc.	2.66%	347,864	$16M	added+2%	+0.19 pp	19 q
DISThe Walt Disney Company	2.27%	139,424	$13M	added+2%	−0.16 pp	26 q
CMICummins Inc.	2.24%	40,844	$13M	trimmed−0%	+0.21 pp	25 q
EQNREquinor ASA	2.05%	479,192	$12M	added+77%	+0.67 pp	26 q
XOMExxon Mobil Corp	1.12%	56,431	$7M	added0%	−0.04 pp	46 q
FIVEFive Below, Inc.	1.11%	74,143	$7M	added+12%	−0.18 pp	2 q
MRKMerck & Co., Inc.	0.85%	44,443	$5M	held	—	46 q
TRVThe Travelers Companies, Inc.	0.80%	20,155	$5M	held	—	46 q
COSTCostco Wholesale Corp	0.65%	4,330	$4M	held	—	46 q
MCYMercury General Corp.	0.63%	59,525	$4M	trimmed−96%	−12.63 pp	46 q
NXPINXP Semiconductors N.V.	0.56%	13,876	$3M	trimmed−0%	−0.11 pp	25 q
NKENike, Inc.	0.52%	34,874	$3M	added+5%	+0.07 pp	30 q
SMHISEACOR Marine Holdings Inc.	0.34%	211,480	$2M	trimmed−1%	−0.18 pp	30 q
GEGE Aerospace	0.31%	9,842	$2M	trimmed−24%	−0.06 pp	13 q
KOCoca-Cola Company	0.27%	22,000	$2M	trimmed−2%	+0.01 pp	46 q
AXPAmerican Express Company	0.20%	4,454	$1M	trimmed−1%	+0.01 pp	39 q
GEVGE Vernova Inc.	0.18%	4,138	$1M	held	—	2 q
AAPLApple Inc.	0.16%	4,140	$964,620	trimmed−67%	−0.32 pp	9 q
CVXChevron Corporation	0.15%	6,163	$907,625	added+2%	−0.02 pp	15 q
OVVOvintiv Inc.	0.11%	16,487	$631,617	held	—	4 q
GLDMSPDR Gold MiniShares	0.11%	12,460	$649,540	new	+0.11 pp	new
PHYSSprott Physical Gold Trust	0.08%	23,869	$486,450	held	—	2 q
GEHCGE HealthCare Technologies Inc.	0.07%	4,581	$429,927	held	—	7 q
SHELShell plc	0.06%	4,968	$327,640	held	—	11 q
AMZNAmazon.Com Inc	0.04%	1,272	$237,012	new	+0.04 pp	new
SYFSynchrony Financial	0.04%	4,437	$221,318	held	—	2 q
WAFDWaFd, Inc.	—	−27,072	—	exited	−0.14 pp	—
GOOGLAlphabet Inc. Class A	—	−1,160	—	exited	−0.04 pp	—
MCHPMicrochip Technology Inc	—	−2,418	—	exited	−0.04 pp	—
PSXPhillips 66	—	−1,472	—	exited	−0.04 pp	—