13F filing recap · Q1 2022

What did Semper Augustus buy in Q1 2022?

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

Stock value

$393.39M

Positions

Estimated turnover

17.0%

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

DINOHf Sinclair Corporation$11.13Mreported value+279.2K shares SHELShell Plc$267.0Kreported value+4.9K shares

Increased positions

OLNOlin Corp$39.28Mreported value+34.3K shares+4.8%PARAParamount Global$34.27Mreported value+157.6K shares+21.0%NEMNewmont Corporation$31.00Mreported value+7.9K shares+2.1%YAlleghany Corporation$27.75Mreported value+24.0K shares

Reduced positions

BRK.BBerkshire Hathaway Inc$74.37Mreported value-762 shares-0.4%BRK.ABerkshire Hathaway Inc$42.31Mreported value-6 shares-7.0%XOMExxon Mobil Corp.$13.14Mreported value-149 shares-0.1%EQNREquinor Asa$7.38Mreported value-30 shares

Exited positions

HFCHollyfrontier Corporation$8.78Mprior reported value-267.9K shares-100.0%RDS-AShell Plc$211.0Kprior reported value-4.9K shares-100.0%SYFSynchrony Financial$206.0Kprior reported value-4.4K shares-100.0%