13F filing recap · Q3 2018

What did Semper Augustus buy in Q3 2018?

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

Stock value

$173.38M

Positions

Estimated turnover

6.2%

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

CMICummins Inc$4.39Mreported value+30.0K shares NXPINxp Semiconductors N.v.$2.60Mreported value+30.4K shares

Reduced positions

BRK.BBerkshire Hathaway Inc$39.41Mreported value-52 shares-0.0%SBUXStarbucks Corporation$10.03Mreported value-26 shares-0.0%XOMExxon Mobil Corp.$9.70Mreported value-100 shares-0.1%MCYMercury General Corp$7.74Mreported value-1 shares

Exited positions

VRValidus Holdings, Ltd.$3.14Mprior reported value-46.5K shares-100.0%FAXAbrdn Asia-Pacific Income Fund, Inc.$44.0Kprior reported value-10.2K shares-100.0%