13F filing recap · Q2 2014

What did Semper Augustus buy in Q2 2014?

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

Stock value

$170.23M

Positions

Estimated turnover

6.6%

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

AMPEAmpio Pharmaceuticals Inc$84.0Kreported value+10.0K shares

Increased positions

LUKLeucadia National Corporation$8.27Mreported value+27.9K shares+9.7%WAFDWafd, Inc.$5.50Mreported value+7.5K shares+3.1%GEGeneral Electric Company$3.95Mreported value+2 shares+0.0%KGCKinross Gold Corp$3.50Mreported value+1.6K shares

Reduced positions

BRK.BBerkshire Hathaway Inc$26.52Mreported value-21.8K shares-9.4%XOMExxon Mobil Corp.$25.83Mreported value-28.0K shares-9.8%MCYMercury General Corp$12.27Mreported value-598 shares-0.2%NEMNewmont Corporation$7.69Mreported value-190 shares

Exited positions

TAP/AMolson Coors Beverage Co$294.0Kprior reported value-5.0K shares-100.0%TCSContainer Store Group Inc$204.0Kprior reported value-6.0K shares-100.0%