13F filing recap · Q3 2024

What did Semper Augustus buy in Q3 2024?

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

Stock value

$591.64M

Positions

Estimated turnover

31.8%

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.

Quarter in review

Semper Augustus opened new positions in World Gold Trust and Amazon.com, and exited Alphabet, Microchip Technology, Phillips 66, and Wafd entirely. The investor substantially added to Dollar General, Hf Sinclair, and Equinor, while dramatically increasing Dollar Tree and Valero Energy. Notable trims included substantial reductions in Mercury General and Apple.

New positions

GLDMWorld Gold Trust$649.5Kreported value+12.5K shares AMZNAmazon.com Inc$237.0Kreported value+1.3K shares

Increased positions

BRK.BBerkshire Hathaway Inc$109.46Mreported value+746 shares+0.3%DGDollar General Corp$72.83Mreported value+420.9K shares+95.6%NEMNewmont Corporation$34.81Mreported value+1.7K shares+0.3%DLTRDollar Tree, Inc.$34.00Mreported value+386.4K shares

Reduced positions

BRK.ABerkshire Hathaway Inc$87.78Mreported value-1 shares-0.8%KGCKinross Gold Corp$43.23Mreported value-32.7K shares-0.7%CMICummins Inc$13.22Mreported value-65 shares-0.2%MCYMercury General Corp$3.75Mreported value-1.34M shares

Exited positions

WAFDWafd, Inc.$773.7Kprior reported value-27.1K shares-100.0%MCHPMicrochip Technology Incorporated$221.2Kprior reported value-2.4K shares-100.0%GOOGLAlphabet Inc.$211.3Kprior reported value-1.2K shares-100.0%PSXPhillips 66$207.8Kprior reported value-1.5K shares