13F filing recap · Q2 2018

What did Semper Augustus buy in Q2 2018?

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

Stock value

$159.84M

Positions

Estimated turnover

17.5%

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

SBUXStarbucks Corporation$8.62Mreported value+176.5K shares USGUsg Corporation$6.47Mreported value+150.1K shares EQNREquinor Asa$2.91Mreported value+110.2K shares DISWalt Disney Co/$2.30Mreported value+21.9K shares FAXAbrdn Asia-Pacific Income Fund, Inc.$44.0Kreported value+10.2K shares

Increased positions

BRK.BBerkshire Hathaway Inc$34.37Mreported value+2.7K shares+1.5%XOMExxon Mobil Corp.$9.44Mreported value+1.5K shares+1.4%SNYSanofi$4.94Mreported value+19.4K shares+18.6%GEGeneral Electric Company$1.63Mreported value+100 shares

Reduced positions

SMHISeacor Marine Holdings Inc.$7.59Mreported value-7.4K shares-2.2%MCYMercury General Corp$7.03Mreported value-1.8K shares-1.1%NEMNewmont Corporation$6.63Mreported value-85 shares-0.0%DGDollar General Corp$5.68Mreported value-2.3K shares

Exited positions

EQNREquinor Asa$2.65Mprior reported value-112.1K shares-100.0%DSTDst Systems Inc$949.0Kprior reported value-11.3K shares-100.0%