Semper Augustus 13F, Q3 2025
Christopher Bloomstran · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 1115373
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
The 25 largest of 38 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | BRK/B | $125.81M | 15.7% | unchanged |
| DOLLAR GEN CORP NEW | DG | $95.68M | 11.9% | unchanged |
| BERKSHIRE HATHAWAY INC DEL | BRK/A | $87.49M | 10.9% | unchanged |
| KINROSS GOLD CORP | KGC | $64.36M | 8.0% | -16% shares |
| NEWMONT CORP | NEM | $57.18M | 7.1% | unchanged |
| OLIN CORP | OLN | $48.09M | 6.0% | +141% shares |
| FIVE BELOW INC | FIVE | $47.70M | 6.0% | -5% shares |
| DOLLAR TREE INC | DLTR | $47.67M | 6.0% | unchanged |
| DECKERS OUTDOOR CORP | DECK | $38.00M | 4.7% | +78% shares |
| VALERO ENERGY CORP | VLO | $33.97M | 4.2% | unchanged |
| STARBUCKS CORP | SBUX | $20.22M | 2.5% | unchanged |
| ALASKA AIR GROUP INC | ALK | $18.85M | 2.4% | unchanged |
| HF SINCLAIR CORP | DINO | $18.67M | 2.3% | +2% shares |
| CUMMINS INC | CMI | $16.87M | 2.1% | unchanged |
| DISNEY WALT CO | DIS | $16.66M | 2.1% | unchanged |
| EQUINOR ASA | EQNR | $13.99M | 1.8% | +12% shares |
| PARAMOUNT SKYDANCE CORP | PSKY | $12.47M | 1.6% | new |
| EXXON MOBIL CORP | XOM | $6.52M | 0.8% | unchanged |
| TRAVELERS COMPANIES INC | TRV | $5.33M | 0.7% | unchanged |
| MERCK & CO INC | MRK | $3.73M | 0.5% | unchanged |
| COSTCO WHSL CORP NEW | COST | $3.18M | 0.4% | -9% shares |
| NXP SEMICONDUCTORS N V | $3.05M | 0.4% | unchanged | |
| GE AEROSPACE | GE | $2.81M | 0.3% | unchanged |
| GE VERNOVA INC | GEV | $2.11M | 0.3% | unchanged |
| WORLD GOLD TR | GLDM | $1.52M | 0.2% | +17% shares |
What changed since Q2 2025
Against the Q2 2025 filing, Semper Augustus opened 2 new positions, added to 5, trimmed 5, left 26 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 0001172661-25-005018, 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.