13F filing recap · Q4 2011

What did Semper Augustus buy in Q4 2011?

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

Stock value

$163.01M

Positions

Estimated turnover

4.4%

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.

Increased positions

BRK.BBerkshire Hathaway Inc$26.32Mreported value+300 shares+0.1%NEMNewmont Corporation$8.33Mreported value+26 shares+0.0%KGCKinross Gold Corp$5.12Mreported value+120.3K shares+36.5%LUKLeucadia National Corporation$4.10Mreported value+94.7K shares+110.8%WAFDWafd, Inc.$3.38Mreported value+1.7K shares+0.7%PEPPepsico, Inc.$3.27Mreported value+175 shares+0.4%EQNREquinor Asa$3.19Mreported value+1.0K shares+0.8%AVXAVX Corporation$2.49Mreported value+1.3K shares+0.7%PAYXPaychex, Inc.$1.51Mreported value+500 shares+1.0%TGTTarget Corporation$1.05Mreported value+500 shares+2.5%

Reduced positions

XOMExxon Mobil Corp.$23.81Mreported value-225 shares-0.1%MCYMercury General Corp$18.76Mreported value-10.1K shares-2.4%INTCIntel Corp$7.05Mreported value-340 shares-0.1%GEGeneral Electric Company$4.30Mreported value-72.4K shares