SEMPER AUGUSTUS INVESTMENTS GROUP LLC
Long book
$837.3M
Q1 2026
Positions
44
Top-10 weight
80%
concentration
Last quarter
+2.5%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsSEMPER AUGUSTUS INVESTMENTS GROUP LLC is a high-conviction value investor, running a $837.3M US long book across 44 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, BERKSHIRE HATHAWAY INC-CL A, DOLLAR GENERAL CORP, DECKERS OUTDOOR CORP, ALASKA AIR GROUP INC.
Over the last 9 quarters its long book ran on average 0pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.8%
Q2 2024
+5.5%
Q3 2024
-4.3%
Q4 2024
+9.6%
Q1 2025
+7.8%
Q2 2025
+9.8%
Q3 2025
+8.0%
Q4 2025
+4.4%
Q1 2026
+2.5%
Sector allocation
Consumer discretionary 27%
Financials 26%
Materials 19%
Industrials 11%
Other 8%
Energy 5%
Services media 2%
Communications 1%
Long book by quarter
What does SEMPER AUGUSTUS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 253.0K | $121.2M | 14.5% | +1.5% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 116 | $83.3M | 9.9% | Held |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 648.2K | $77.0M | 9.2% | -30.0% |
| DECK DECKERS OUTDOOR CORP | Other | 661.0K | $66.2M | 7.9% | +3.3% |
| ALK ALASKA AIR GROUP INC | Industrials | 1.7M | $62.3M | 7.4% | +314.2% |
| OLN OLIN CORP | Materials | 2.0M | $60.3M | 7.2% | +4.4% |
| DLTR DOLLAR TREE INC | Consumer discretionary | 513.5K | $56.2M | 6.7% | +0.2% |
| NEM NEWMONT CORP | Materials | 479.1K | $51.9M | 6.2% | -27.8% |
| KGC KINROSS GOLD CORP | Materials | 1.5M | $46.1M | 5.5% | -28.6% |
| FIVE FIVE BELOW | Consumer discretionary | 192.7K | $44.0M | 5.3% | -27.4% |
| SBUX STARBUCKS CORP | Consumer discretionary | 251.3K | $22.5M | 2.7% | +4.1% |
| DINO HF SINCLAIR CORP | Energy | 360.7K | $22.5M | 2.7% | +0.6% |
| CMI CUMMINS INC | Industrials | 39.5K | $21.3M | 2.5% | -0.6% |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 228.2K | $18.8M | 2.2% | New |
| DIS WALT DISNEY CO/THE | Services media | 152.6K | $14.7M | 1.8% | +4.7% |
| VLO VALERO ENERGY CORP | Energy | 44.1K | $10.9M | 1.3% | -77.8% |
| XOM EXXON MOBIL CORP | Energy | 57.5K | $9.8M | 1.2% | -0.1% |
| PSKY PARAMOUNT SKYDANCE CL B | Communications | 652.7K | $5.9M | 0.7% | -1.0% |
| TRV TRAVELERS COS INC/THE | Financials | 19.1K | $5.6M | 0.7% | Held |
| MRK MERCK & CO. INC. | Healthcare | 44.6K | $5.4M | 0.6% | +0.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 3.4K | $3.4M | 0.4% | -2.3% |
| GE GENERAL ELECTRIC | Industrials | 9.4K | $2.7M | 0.3% | Held |
| NXPI NXP SEMICONDUCTORS NV | Technology | 13.0K | $2.6M | 0.3% | -2.3% |
| GEV GE VERNOVA INC | Industrials | 2.0K | $1.7M | 0.2% | Held |
| SMHI SEACOR MARINE HOLDINGS INC | Industrials | 208.2K | $1.5M | 0.2% | Held |
| CVX CHEVRON CORP | Energy | 6.1K | $1.3M | 0.1% | -5.1% |
| KO COCA-COLA CO/THE | Consumer staples | 15.3K | $1.2M | 0.1% | Held |
| AAPL APPLE INC | Technology | 4.1K | $1.1M | 0.1% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 3.4K | $1.0M | 0.1% | -0.1% |
| GOOG ALPHABET INC-CL C | Technology | 2.4K | $698K | 0.1% | New |
| MA MASTERCARD INC - A | Services media | 658 | $329K | 0.0% | New |
| GEHC GE HEALTHCARE TECHNOLOGY | Healthcare | 4.6K | $326K | 0.0% | Held |
| SYF SYNCHRONY FINANCIAL | Financials | 4.4K | $302K | 0.0% | Held |
| FLEX FLEX LTD | Technology | 4.5K | $294K | 0.0% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 1.8K | $291K | 0.0% | New |
| NFLX NETFLIX INC | Services media | 3.0K | $287K | 0.0% | New |
| PSX PHILLIPS 66 | Energy | 1.5K | $268K | 0.0% | New |
| GOOGL ALPHABET INC-CL A | Technology | 700 | $201K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 44 | $837.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 39 | $869.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 38 | $801.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 15, 2025 | 37 | $710.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 36 | $620.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 37 | $559.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 37 | $591.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 39 | $559.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 36 | $546.7M | canonical | SEC ↗ |