SA
Semper Augustus Investments Group LLC 13F Holdings & Recent Stock Buys (Q2 2026)
Semper Augustus Investments Group LLCCIK: 0001115373
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$884.6M
Reporting period: 2026-06-30 · Number of holdings: 50
SEMPER AUGUSTUS INVESTMENTS GROUP LLC disclosed 50 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $884.6M and a quarterly turnover rate of 29.8%.
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Personality snowflake
- Concentration
- 30.49
- Portfolio Stability
- 29.82
- Momentum
- 100
- Sector conviction
- 51.86
- Diversification
- 100
- Sizing Uniformity
- 83.06
Semper Augustus Investments Group LLC's disclosed holdings carry a Herfindahl concentration index of 0.076 — mathematically equivalent to about 13 equally-sized positions, well below its 50 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.69), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 5.2 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd BLDR
+142.6% $30.8M
Add ALK
+5.8% $31.3M
Trim FIVE
-45.2% -$25.0M
Trim OLN
+6.1% -$17.6M
New buy PAYX
Trim SBUX
-81.8% -$17.8M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 15.45% | +0.97% | +7.95% | |
| 2 | ALK | Alaska Air Group Inc | Stock-Industrials | 10.58% | +3.13% | +5.81% | |
| 3 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 10.16% | +0.21% | +3.45% | |
| 4 | DG | Dollar General CORP | Stock-Consumer Staples | 8.66% | -0.53% | +2.63% | |
| 5 | DECK | Deckers Outdoor CORP | Stock-Consumer Disc | 7.52% | -0.38% | +1.39% | |
| 6 | DLTR | Dollar Tree Inc | Stock-Consumer Staples | 7.25% | +0.53% | +3.24% | |
| 7 | BLDR | Builders Firstsource Inc | Stock-Industrials | 5.60% | +3.36% | +142.64% | |
| 8 | OLN | Olin CORP | Stock-Materials | 4.83% | -2.38% | +6.14% | |
| 9 | NEM | Newmont CORP | Stock-Materials | 4.72% | -1.47% | -6.66% | |
| 10 | KGC | Kinross Gold CORP | Stock-Materials | 4.14% | -1.36% | +2.65% | |
| 11 | PAYX | Paychex Inc | Stock-Tech | 2.35% | +2.35% | NEW | |
| 12 | FIVE | Five Below | Stock-Consumer Disc | 2.15% | -3.11% | -45.16% | |
| 13 | SPGI | S&p Global Inc | Stock-Financials | 2.12% | +2.12% | NEW | |
| 14 | DINO | Hf Sinclair CORP | Stock-Energy | 1.99% | -0.70% | -30.08% | |
| 15 | DIS | Walt Disney Co/the | Stock-Comm Services | 1.75% | -0.01% | +5.29% | |
| 16 | CTSH | Cognizant Tech Solutions-a | Stock-Tech | 1.65% | +1.65% | NEW | |
| 17 | VLO | Valero Energy CORP | Stock-Energy | 1.12% | -0.18% | -13.99% | |
| 18 | CMI | Cummins Inc | Stock-Industrials | 1.05% | -1.49% | -67.18% | |
| 19 | XOM | Exxon Mobil CORP | Stock-Energy | 0.88% | -0.29% | -0.59% | |
| 20 | PSKY | Paramount Skydance Cl B | Stock-Comm Services | 0.72% | +0.02% | -0.59% | |
| 21 | TRV | Travelers Cos Inc/the | Stock-Financials | 0.71% | +0.04% | — | |
| 22 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.65% | +0.01% | — | |
| 23 | EQNR | Equinor Asa-spon Adr | Stock-Energy | 0.57% | -0.32% | -8.40% | |
| 24 | SBUX | Starbucks CORP | Stock-Consumer Disc | 0.53% | -2.16% | -81.79% | |
| 25 | GE | General Electric | Stock-Industrials | 0.40% | +0.08% | — | |
| 26 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.35% | -0.05% | -0.39% | |
| 27 | GEV | GE Vernova Inc | Stock-Industrials | 0.26% | +0.05% | — | |
| 28 | NXPI | NXP Semiconductors N.V. | Stock-Tech | 0.24% | -0.07% | -41.04% | |
| 29 | GLDM | Spdr Gold Minishares Trust | ETF-Commodities | 0.22% | -0.05% | +0.35% | |
| 30 | SMHI | Seacor Marine Holdings Inc | Stock-Other | 0.18% | — | — | |
| 31 | AAPL | Apple Inc | Stock-Tech | 0.15% | +0.02% | +12.08% | |
| 32 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.14% | — | — | |
| 33 | AXP | American Express Co | Stock-Financials | 0.13% | +0.01% | -3.64% | |
| 34 | CVX | Chevron CORP | Stock-Energy | 0.11% | -0.04% | — | |
| 35 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 0.10% | -0.02% | -13.57% | |
| 36 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.10% | +0.02% | — | |
| 37 | PHYS | Sprott Physical Gold Trust | Stock-Other | 0.08% | -0.02% | — | |
| 38 | SHEL | Shell Plc-adr | Stock-Energy | 0.04% | -0.02% | — | |
| 39 | MA | Mastercard Inc - A | Stock-Financials | 0.04% | — | — | |
| 40 | SYF | Synchrony Financial | Stock-Financials | 0.04% | — | — | |
| 41 | PM | Philip Morris International | Stock-Consumer Staples | 0.04% | +0.01% | — | |
| 42 | GEHC | GE Healthcare Technology | Stock-Healthcare | 0.03% | -0.01% | — | |
| 43 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.03% | +0.01% | — | |
| 44 | PSX | Phillips 66 | Stock-Energy | 0.03% | — | — | |
| 45 | MSFT | Microsoft CORP | Stock-Tech | 0.03% | +0.03% | NEW | |
| 46 | SIVR | Abrdn Physical Silver Shares | ETF-Commodities | 0.03% | -0.01% | — | |
| 47 | MCHP | Microchip Technology Inc | Stock-Tech | 0.02% | +0.02% | NEW | |
| 48 | NFLX | Netflix Inc | Stock-Comm Services | 0.02% | -0.01% | — | |
| 49 | SUNB | Sunbelt Rentals Holdings Inc | Stock-Industrials | 0.02% | +0.02% | NEW | |
| 50 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.02% | +0.02% | NEW |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Portfolio Performance
Performance for Q3 2026
+0.8%
Performance Last 4 Quarters
+26.6%
Based on 76% of reported portfolio value with available pricing
- Stdev
- +17.3%
- Beta
- +0.65
- Alpha
- +14.9%
- Max Drawdown
- -11.1%
- Annualized Perf
- +29.9%
- Batting Avg vs S&P
- +58.3%
- Sortino
- +3.57
- Stutzer
- +0.47
- Treynor
- +0.43
- Sterling
- +1.84
- Calmar
- +2.69
- Information Ratio
- +0.5
- Tracking Error
- +15.8%
- Stdev Down
- +7.8%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +81.8%
- Worst 12 Months
- +5.7%
- Efficiency Ratio
- +0.75
- Sharpe
- +1.61
- Stdev Sectors
- +8.3%
- Skewness
- -0.06
- Kurtosis
- -0.81
- Upside Potential
- +5.16
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 50 | $884.6M | 30 | ||
| 2026 Q1 | 44 | $837.3M | 27 | ||
| 2025 Q4 | 39 | $869.6M | 14 | ||
| 2025 Q3 | 38 | $801.2M | 33 | ||
| 2025 Q2 | 37 | $710.6M | 0 | ||
| 2025 Q1 | 36 | $620.3M | 100 | ||
| 2024 Q4 | 37 | $559.5M | 0 | ||
| 2024 Q3 | 37 | $591.6M | 0 | ||
| 2024 Q2 | 39 | $559.0M | 0 | ||
| 2024 Q1 | 36 | $546.7M | 0 | ||
| 2023 Q4 | 35 | $477.8M | 0 | ||
| 2023 Q3 | 33 | $417.2M | 0 | ||
| 2023 Q2 | 33 | $423.0M | 0 | ||
| 2023 Q1 | 34 | $390.6M | 0 | ||
| 2022 Q4 | 33 | $367.3M | 0 | ||
| 2022 Q3 | 34 | $330.6M | 0 | ||
| 2022 Q2 | 32 | $337.5M | 0 | ||
| 2022 Q1 | 32 | $393.4M | 0 | ||
| 2021 Q4 | 33 | $320.5M | 0 | ||
| 2021 Q3 | 38 | $309.5M | 0 | ||
| 2021 Q2 | 36 | $301.2M | 27 | ||
| 2021 Q1 | 30 | $265.0M | 16 | ||
| 2020 Q4 | 30 | $228.7M | 24 | ||
| 2020 Q3 | 27 | $194.8M | 13 | ||
| 2020 Q2 | 27 | $176.9M | 14 | ||
| 2020 Q1 | 27 | $158.7M | 38 | ||
| 2019 Q4 | 28 | $186.2M | 9 | ||
| 2019 Q3 | 28 | $174.6M | 7 | ||
| 2019 Q2 | 27 | $168.8M | 15 | ||
| 2019 Q1 | 28 | $162.8M | 15 | ||
| 2018 Q4 | 28 | $155.7M | 16 | ||
| 2018 Q3 | 29 | $173.4M | 17 | ||
| 2018 Q2 | 29 | $159.8M | 22 | ||
| 2018 Q1 | 26 | $143.8M | 10 | ||
| 2017 Q4 | 26 | $133.5M | 11 | ||
| 2017 Q3 | 26 | $135.2M | 12 | ||
| 2017 Q2 | 28 | $130.2M | 12 | ||
| 2017 Q1 | 28 | $133.9M | 12 | ||
| 2016 Q4 | 28 | $134.8M | 17 | ||
| 2016 Q3 | 30 | $137.9M | 5 | ||
| 2016 Q2 | 30 | $137.9M | 18 | ||
| 2016 Q1 | 30 | $139.5M | 18 | ||
| 2015 Q4 | 32 | $142.7M | 8 | ||
| 2015 Q3 | 31 | $142.6M | 14 | ||
| 2015 Q2 | 31 | $149.4M | 8 | ||
| 2015 Q1 | 31 | $153.8M | 7 | ||
| 2014 Q4 | 30 | $156.5M | 15 | ||
| 2014 Q3 | 30 | $163.0M | 12 | ||
| 2014 Q2 | 29 | $170.2M | 7 | ||
| 2014 Q1 | 30 | $173.6M | 7 | ||
| 2013 Q4 | 31 | $176.0M | 13 | ||
| 2013 Q3 | 30 | $168.6M | 6 | ||
| 2013 Q2 | 30 | $169.5M | 0 |
Holding changes this quarter
Semper Augustus Investments Group LLC's most significant position changes for 2026-06-30: New buy: Paychex Inc (PAYX); New buy: S&p Global Inc (SPGI); New buy: Cognizant Tech Solutions-a (CTSH); Sold out: Flex Ltd. (FLEX); New buy: Microsoft CORP (MSFT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | BLDR | Builders Firstsource Inc | +3.4% | +142.64% | Add |
| 2 | ALK | Alaska Air Group Inc | +3.1% | +5.81% | Add |
| 3 | PAYX | Paychex Inc | +2.4% | NEW | New buy |
| 4 | SPGI | S&p Global Inc | +2.1% | NEW | New buy |
| 5 | CTSH | Cognizant Tech Solutions-a | +1.7% | NEW | New buy |
| 6 | BRK-B | Berkshire Hathaway Inc-cl B | +1% | +7.95% | Add |
| 7 | DLTR | Dollar Tree Inc | +0.5% | +3.24% | Add |
| 8 | BRK-A | Berkshire Hathaway Inc-cl A | +0.2% | +3.45% | Add |
| 9 | GE | General Electric | +0.1% | — | Unchanged |
| 10 | GEV | GE Vernova Inc | +0.1% | — | Unchanged |
| 11 | TRV | Travelers Cos Inc/the | 0% | — | Unchanged |
| 12 | MSFT | Microsoft CORP | 0% | NEW | New buy |
| 13 | PSKY | Paramount Skydance Cl B | 0% | -0.59% | Trim |
| 14 | AAPL | Apple Inc | 0% | +12.08% | Add |
| 15 | MCHP | Microchip Technology Inc | 0% | NEW | New buy |
| 16 | SUNB | Sunbelt Rentals Holdings Inc | 0% | NEW | New buy |
| 17 | JNJ | Johnson & Johnson | 0% | NEW | New buy |
| 18 | GOOG | Alphabet Inc-cl C | 0% | — | Unchanged |
| 19 | MRK | Merck & Co. Inc. | 0% | — | Unchanged |
| 20 | AXP | American Express Co | 0% | -3.64% | Trim |
| 21 | GOOGL | Alphabet Inc-cl A | 0% | — | Unchanged |
| 22 | PM | Philip Morris International | 0% | — | Unchanged |
| 23 | SMHI | Seacor Marine Holdings Inc | — | — | Unchanged |
| 24 | KO | Coca-cola Co/the | — | — | Unchanged |
| 25 | SYF | Synchrony Financial | — | — | Unchanged |
| 26 | PSX | Phillips 66 | — | — | Unchanged |
| 27 | MA | Mastercard Inc - A | — | — | Unchanged |
| 28 | DIS | Walt Disney Co/the | 0% | +5.29% | Add |
| 29 | NFLX | Netflix Inc | 0% | — | Unchanged |
| 30 | SIVR | Abrdn Physical Silver Shares | 0% | — | Unchanged |
| 31 | GEHC | GE Healthcare Technology | 0% | — | Unchanged |
| 32 | SGOV | Ishares 0-3 Month Treasury B | 0% | -13.57% | Trim |
| 33 | PHYS | Sprott Physical Gold Trust | 0% | — | Unchanged |
| 34 | SHEL | Shell Plc-adr | 0% | — | Unchanged |
| 35 | FLEX | Flex Ltd. | 0% | EXIT | Sold out |
| 36 | CVX | Chevron CORP | 0% | — | Unchanged |
| 37 | GLDM | Spdr Gold Minishares Trust | -0.1% | +0.35% | Add |
| 38 | COST | Costco Wholesale CORP | -0.1% | -0.39% | Trim |
| 39 | NXPI | NXP Semiconductors N.V. | -0.1% | -41.04% | Trim |
| 40 | VLO | Valero Energy CORP | -0.2% | -13.99% | Trim |
| 41 | XOM | Exxon Mobil CORP | -0.3% | -0.59% | Trim |
| 42 | EQNR | Equinor Asa-spon Adr | -0.3% | -8.40% | Trim |
| 43 | DECK | Deckers Outdoor CORP | -0.4% | +1.39% | Add |
| 44 | DG | Dollar General CORP | -0.5% | +2.63% | Add |
| 45 | DINO | Hf Sinclair CORP | -0.7% | -30.08% | Trim |
| 46 | KGC | Kinross Gold CORP | -1.4% | +2.65% | Add |
| 47 | NEM | Newmont CORP | -1.5% | -6.66% | Trim |
| 48 | CMI | Cummins Inc | -1.5% | -67.18% | Trim |
| 49 | SBUX | Starbucks CORP | -2.2% | -81.79% | Trim |
| 50 | OLN | Olin CORP | -2.4% | +6.14% | Add |
1–50 of 51
Filing History
FAQ
What is Semper Augustus Investments Group LLC and what type of investor is it?
Semper Augustus Investments Group LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $884.6M, spread across 50 disclosed positions.
What are Semper Augustus Investments Group LLC's largest equity positions?
Based on the latest 13F filing, Semper Augustus Investments Group LLC's top holdings by market value are:
1. Berkshire Hathaway Inc-cl B (BRK-B) — $136.7M (15.4%)
2. Alaska Air Group Inc (ALK) — $93.6M (10.6%)
3. Berkshire Hathaway Inc-cl A (BRK-A) — $89.9M (10.2%)
4. Dollar General CORP (DG) — $76.6M (8.7%)
5. Deckers Outdoor CORP (DECK) — $66.5M (7.5%)
What changes did Semper Augustus Investments Group LLC make in its most recent portfolio filing?
In the latest reported quarter, Semper Augustus Investments Group LLC made 33 notable position adjustments: 7 new positions were initiated, 12 existing holdings were added to, 13 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Paychex Inc (PAYX); New buy: S&p Global Inc (SPGI); New buy: Cognizant Tech Solutions-a (CTSH); Sold out: Flex Ltd. (FLEX); New buy: Microsoft CORP (MSFT)
What sectors does Semper Augustus Investments Group LLC focus on?
Semper Augustus Investments Group LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 24.3%
• Consumer Staples: 22.3%
• Materials: 18.5%
• Consumer Discretionary: 13.8%
• Energy: 6.4%
• Information Technology: 6.0%
Investment Profile
Semper Augustus Investments Group LLC returned an annualized 29.9% over the trailing 36 months — outperforming the S&P 500 by 14.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.65 (less volatile than the market) and a 58% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 30 over the past 4 quarters — a shift toward more active trading.
It has added to its ALK position over the past two quarters (+$73.0M, now $93.6M), while trimming DG over the same stretch (-$46.4M, still holding $76.6M).
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Developer Access
Access Semper Augustus Investments Group LLC's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/semper-augustus-investments-group-llcCLI
npx alphasmo institutions get semper-augustus-investments-group-llc