13F filing recap · Q1 2021

What did Semper Augustus buy in Q1 2021?

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

Stock value

$264.96M

Positions

Estimated turnover

2.6%

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

CVXChevron Corp$345.0Kreported value+3.3K shares

Increased positions

BRK.BBerkshire Hathaway Inc$51.03Mreported value+85 shares+0.0%NEMNewmont Corporation$20.98Mreported value+23.6K shares+7.3%KGCKinross Gold Corp$10.35Mreported value+294.8K shares+23.4%XOMExxon Mobil Corp.$8.84Mreported value+267 shares

Reduced positions

OLNOlin Corp$27.42Mreported value-1.9K shares-0.3%MCYMercury General Corp$18.10Mreported value-2.2K shares-0.7%SBUXStarbucks Corporation$11.37Mreported value-1.0K shares-1.0%NXPINxp Semiconductors N.v.$7.87Mreported value-147 shares

Exited positions

PSQUSDProshares Trust$1.31Mprior reported value-91.1K shares-100.0%