13F filing recap · Q2 2008

What did Semper Augustus buy in Q2 2008?

Reported stock-position changes between this filing and the previous one.

Stock value

$132.28M

Positions

Estimated turnover

5.4%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

PMPhilip Morris International Inc.$321.0Kreported value+6.5K shares

Increased positions

MCYMercury General Corp$15.77Mreported value+664 shares+0.2%GEGeneral Electric Company$10.81Mreported value+2 shares+0.0%BRK.BBerkshire Hathaway Inc$10.01Mreported value+180 shares+7.8%LEGLeggett & Platt Inc$4.70Mreported value+15.3K shares

Reduced positions

XOMExxon Mobil Corp.$9.23Mreported value-1.0K shares-0.9%BUDAnheuser-Busch Inbev Sa/nv$5.95Mreported value-300 shares-0.3%MCOMoody’s Corporation$3.60Mreported value-14.8K shares-12.4%DBDDiebold Nixdorf, Incorporated$3.52Mreported value-7.2K shares

Exited positions

CIThe Cigna Group$201.0Kprior reported value-5.0K shares-100.0%OSTKOverstock.com Inc$123.0Kprior reported value-10.3K shares-100.0%