Semper Augustus

Q2 2026 13F · by Christopher Bloomstran, CIO

As of: Jun 30, 2026
Filed: Aug 14, 2026
US stock: $885M · prev $837M
Positions: 50 · prev 44
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%

Moves33 since the prior filing

+9.7 pp in · −9.9 pp out

New 7 +6.21 pp
Added 12 +3.51 pp
Trimmed 13 −9.83 pp
Exited 1 −0.04 pp

The book

Concentrated · behaves like 13 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 32% a year, about 3.1 years per position

Low
Moderate
High

Top 5 positions52% of US stock

Positions50 in this filing · 1 exited


BRK.BBERKSHIRE HATHAWAY Class B	15.45%	273,145	$137M	added+8%	+0.97 pp	53+ q
ALKAlaska Air Group, Inc.	10.58%	1,793,627	$94M	added+6%	+3.13 pp	26 q
BRK.ABerkshire Hathaway Inc.	10.16%	120	$90M	added+3%	+0.21 pp	53+ q
DGDollar General Corp.	8.66%	665,307	$77M	added+3%	−0.53 pp	38 q
DECKDeckers Outdoor Corp	7.52%	670,199	$67M	added+1%	−0.38 pp	5 q
DLTRDollar Tree Inc.	7.25%	530,113	$64M	added+3%	+0.53 pp	20 q
BLDRBuilders FirstSource, Inc.	5.60%	553,722	$50M	added×2.4	+3.36 pp	2 q
OLNOlin Corp.	4.83%	2,153,826	$43M	added+6%	−2.38 pp	28 q
NEMNewmont Corporation	4.72%	447,228	$42M	trimmed−7%	−1.47 pp	53+ q
KGCKinross Gold Corporation	4.14%	1,548,995	$37M	added+3%	−1.36 pp	53+ q
PAYXPaychex Inc	2.35%	211,640	$21M	new	+2.35 pp	new
FIVEFive Below, Inc.	2.15%	105,657	$19M	trimmed−45%	−3.11 pp	9 q
SPGIS&P Global Inc.	2.12%	45,989	$19M	new	+2.12 pp	new
DINOHF Sinclair Corporation	1.99%	252,187	$18M	trimmed−30%	−0.70 pp	18 q
DISThe Walt Disney Company	1.75%	160,653	$15M	added+5%	−0.01 pp	33 q
CTSHCognizant Technology Solutions	1.65%	377,991	$15M	new	+1.65 pp	new
VLOValero Energy Corporation	1.12%	37,893	$10M	trimmed−14%	−0.18 pp	23 q
CMICummins Inc.	1.05%	12,972	$9M	trimmed−67%	−1.49 pp	32 q
XOMExxon Mobil Corp	0.88%	57,176	$8M	trimmed−1%	−0.29 pp	53+ q
SKYDSkydance Corporation	0.72%	648,835	$6M	trimmed−1%	+0.02 pp	4 q
TRVThe Travelers Companies, Inc.	0.71%	19,100	$6M	held	—	53+ q
MRKMerck & Co., Inc.	0.65%	44,633	$6M	held	—	53+ q
EQNREquinor ASA	0.57%	161,175	$5M	trimmed−8%	−0.32 pp	33 q
SBUXStarbucks Corp	0.53%	45,761	$5M	trimmed−82%	−2.16 pp	33 q
GEGE Aerospace	0.40%	9,352	$3M	held	—	20 q
COSTCostco Wholesale Corp	0.35%	3,354	$3M	trimmed−0%	−0.05 pp	53+ q
GEVGE Vernova Inc.	0.26%	1,994	$2M	held	—	9 q
NXPINXP Semiconductors N.V.	0.24%	7,662	$2M	trimmed−41%	−0.07 pp	32 q
GLDMSPDR Gold MiniShares	0.22%	24,063	$2M	added0%	−0.05 pp	8 q
SMHISEACOR Marine Holdings Inc.	0.18%	208,175	$2M	held	—	37 q
AAPLApple Inc.	0.15%	4,640	$1M	added+12%	+0.02 pp	16 q
KOCoca-Cola Company	0.14%	15,328	$1M	held	—	53+ q
AXPAmerican Express Company	0.13%	3,311	$1M	trimmed−4%	+0.01 pp	46 q
CVXChevron Corporation	0.11%	6,063	$1M	held	—	22 q
GOOGAlphabet Inc. Class C	0.10%	2,432	$859,299	held	—	2 q
SGOViShares 0-3 Month Treasury Bond ETF	0.10%	8,570	$862,742	trimmed−14%	−0.02 pp	6 q
PHYSSprott Physical Gold Trust	0.08%	23,869	$720,128	held	—	9 q
MAMastercard Incorporated	0.04%	658	$338,038	held	—	2 q
PMPhilip Morris International Inc.	0.04%	1,762	$318,763	held	—	2 q
SHELShell plc	0.04%	4,968	$385,219	held	—	18 q
SYFSynchrony Financial	0.04%	4,437	$337,434	held	—	9 q
SIVRabrdn Physical Silver Shares ETF	0.03%	4,245	$238,654	held	—	3 q
GOOGLAlphabet Inc. Class A	0.03%	700	$250,159	held	—	3 q
GEHCGE HealthCare Technologies Inc.	0.03%	4,581	$293,230	held	—	14 q
MSFTMicrosoft Corp	0.03%	641	$239,106	new	+0.03 pp	new
PSXPhillips 66	0.03%	1,472	$248,842	held	—	2 q
JNJJohnson & Johnson	0.02%	794	$201,652	new	+0.02 pp	new
MCHPMicrochip Technology Inc	0.02%	2,418	$220,522	new	+0.02 pp	new
NFLXNetFlix Inc	0.02%	2,980	$212,772	held	—	2 q
SUNBSunbelt Rentals Holdings, Inc.	0.02%	2,774	$207,523	new	+0.02 pp	new
FLEXFlex Ltd.	—	−4,485	—	exited	−0.04 pp	—