13F filing recap · Q4 2015

What did Semper Augustus buy in Q4 2015?

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

Stock value

$142.68M

Positions

Estimated turnover

5.3%

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

SYFSynchrony Financial$291.0Kreported value+9.6K shares

Increased positions

NEMNewmont Corporation$3.60Mreported value+117.7K shares+142.6%AXPAmerican Express Co$1.70Mreported value+80 shares+0.3%

Reduced positions

BRK.BBerkshire Hathaway Inc$24.81Mreported value-4.9K shares-2.5%WAFDWafd, Inc.$5.58Mreported value-1.2K shares-0.5%LUKLeucadia National Corporation$5.35Mreported value-225 shares-0.1%GGGoldcorp Inc.$4.39Mreported value-116.7K shares