13F filing recap · Q1 2009

What did Semper Augustus buy in Q1 2009?

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

Stock value

$97.77M

Positions

Estimated turnover

4.9%

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.

Increased positions

BRK.BBerkshire Hathaway Inc$11.57Mreported value+16 shares+0.4%MCYMercury General Corp$10.22Mreported value+22.4K shares+7.0%MSFTMicrosoft Corporation$7.58Mreported value+3.4K shares+0.8%GEGeneral Electric Company$4.09Mreported value+4 shares+0.0%INTCIntel Corp$3.35Mreported value+1.2K shares+0.5%DBDDiebold Nixdorf, Incorporated$2.16Mreported value+1.5K shares+1.5%ETNEaton Corporation Plc$2.06Mreported value+140 shares+0.3%SNYSanofi$1.77Mreported value+400 shares+0.6%

Reduced positions

CEGConstellation Energy Group Inc$5.07Mreported value-990 shares-0.4%NEMNewmont Corporation$3.78Mreported value-475 shares-0.6%TLABTellabs Inc$1.17Mreported value-1.3K shares-0.5%IPCRIpc Holdings Ltd$1.02Mreported value-6.4K shares

Exited positions

MYLMylan N.v.$2.99Mprior reported value-302.3K shares-100.0%HDHome Depot, Inc.$1.04Mprior reported value-45.2K shares-100.0%SURGSynergetics USA Inc$101.0Kprior reported value-112.6K shares-100.0%NCCNational City Corp$36.0Kprior reported value-19.7K shares