13F filing recap · Q4 2010

What did Semper Augustus buy in Q4 2010?

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

Stock value

$145.76M

Positions

Estimated turnover

1.0%

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

HONHoneywell International Inc$213.0Kreported value+4.0K shares

Increased positions

BRK.BBerkshire Hathaway Inc$19.23Mreported value+150 shares+0.1%MCYMercury General Corp$16.93Mreported value+210 shares+0.1%CEGConstellation Energy Group Inc$7.25Mreported value+20.6K shares+9.6%MSFTMicrosoft Corporation$6.99Mreported value+400 shares

Reduced positions

GEGeneral Electric Company$7.38Mreported value-299 shares-0.1%BROBrown & Brown, Inc.$3.70Mreported value-11.0K shares-6.6%GCIGannett Co. Inc.$316.0Kreported value-1.4K shares-6.2%