13F filing recap · Q4 2022

What did Semper Augustus buy in Q4 2022?

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

Stock value

$367.27M

Positions

Estimated turnover

6.8%

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.

Increased positions

BRK.BBerkshire Hathaway Inc$70.74Mreported value+1.0K shares+0.4%BRK.ABerkshire Hathaway Inc$50.15Mreported value+5 shares+4.9%NEMNewmont Corporation$21.53Mreported value+29.6K shares+6.9%MCYMercury General Corp$20.40Mreported value+23.9K shares+4.2%CMICummins Inc$10.08Mreported value+54 shares+0.1%DISWalt Disney Co/$9.83Mreported value+45.7K shares+67.9%ALKAlaska Air Group, Inc.$9.64Mreported value+16.0K shares+7.7%NXPINxp Semiconductors N.v.$6.29Mreported value+1.1K shares+2.7%TRVTravelers Companies, Inc.$3.78Mreported value+155 shares+0.8%AXPAmerican Express Co$974.9Kreported value+5 shares+0.1%AAPLApple Inc.$458.0Kreported value+151 shares+4.5%

Reduced positions

OLNOlin Corp$33.93Mreported value-377 shares-0.1%PARAParamount Global$16.00Mreported value-78.2K shares-7.6%VLOValero Energy Corp/tx$15.32Mreported value-1.0K shares-0.8%DINOHf Sinclair Corporation$14.54Mreported value-3.1K shares

Exited positions

YAlleghany Corporation$9.29Mprior reported value-11.1K shares-100.0%