Semper Augustus 13F, Q2 2025
Christopher Bloomstran · quarter ending 30 June 2025 · filed 15 August 2025 · SEC CIK 1115373
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
The 25 largest of 37 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | BRK/B | $119.82M | 16.9% | +3% shares |
| DOLLAR GEN CORP NEW | DG | $105.93M | 14.9% | +2% shares |
| BERKSHIRE HATHAWAY INC DEL | BRK/A | $84.54M | 11.9% | unchanged |
| DOLLAR TREE INC | DLTR | $50.15M | 7.1% | +3% shares |
| KINROSS GOLD CORP | KGC | $48.25M | 6.8% | -32% shares |
| FIVE BELOW INC | FIVE | $42.35M | 6.0% | +310% shares |
| NEWMONT CORP | NEM | $39.51M | 5.6% | +2% shares |
| VALERO ENERGY CORP | VLO | $26.71M | 3.8% | +4% shares |
| STARBUCKS CORP | SBUX | $21.91M | 3.1% | +3% shares |
| DECKERS OUTDOOR CORP | DECK | $21.70M | 3.0% | new |
| PARAMOUNT GLOBAL | $21.69M | 3.0% | +3% shares | |
| ALASKA AIR GROUP INC | ALK | $18.41M | 2.6% | +8% shares |
| DISNEY WALT CO | DIS | $17.91M | 2.5% | +3% shares |
| OLIN CORP | OLN | $16.02M | 2.3% | +14% shares |
| HF SINCLAIR CORP | DINO | $14.33M | 2.0% | +17% shares |
| CUMMINS INC | CMI | $13.11M | 1.9% | unchanged |
| EQUINOR ASA | EQNR | $12.83M | 1.8% | +4% shares |
| EXXON MOBIL CORP | XOM | $6.13M | 0.9% | unchanged |
| TRAVELERS COMPANIES INC | TRV | $5.15M | 0.7% | -5% shares |
| COSTCO WHSL CORP NEW | COST | $3.73M | 0.5% | -11% shares |
| MERCK & CO INC | MRK | $3.52M | 0.5% | unchanged |
| NXP SEMICONDUCTORS N V | $2.96M | 0.4% | unchanged | |
| GE AEROSPACE | GE | $2.41M | 0.3% | -5% shares |
| GE VERNOVA INC | GEV | $1.82M | 0.3% | -8% shares |
| AMERICAN EXPRESS CO | AXP | $1.41M | 0.2% | unchanged |
What changed since Q1 2025
Against the Q1 2025 filing, Semper Augustus opened 2 new positions, added to 15, trimmed 7, left 13 unchanged and exited 1. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001172661-25-003548, filed by SEMPER AUGUSTUS INVESTMENTS GROUP LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.