SEMPER AUGUSTUS INVESTMENTS GROUP LLC 13F: Quarter-over-Quarter Portfolio Changes
SEMPER AUGUSTUS INVESTMENTS GROUP LLC reported a disclosed portfolio value of approximately $884.6 million in its latest SEC Form 13F-HR filing for Q2 2026, up 5.6% quarter on quarter. Over the quarter, the manager initiated 7 new positions, bought more shares in 12 holdings, trimmed 13 holdings, and exited 1 position.
SEMPER AUGUSTUS INVESTMENTS GROUP LLC's top buy was Builders Firstsource INC (BLDR) . The manager bought 142.6% more shares, lifting the position's portfolio weight by 3.4 percentage points. Its top sell was Starbucks CORP (SBUX) . The manager sold 81.8% of its previously reported shares, reducing the position's portfolio weight by 2.2 percentage points.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| PAYCHEX INC | PAYX | 2.4% | History → |
| S&P GLOBAL INC | SPGI | 2.1% | Holders → |
| COGNIZANT TECHNOLOGY SOLUTIO | CTSH | 1.7% | Holders → |
| MICROSOFT CORP | MSFT | 0.0% | Holders → |
| MICROCHIP TECHNOLOGY INC. | MCHP | 0.0% | Holders → |
| SUNBELT RENTALS HOLDINGS INC | SUNB | 0.0% | Holders → |
| JOHNSON & JOHNSON | JNJ | 0.0% | Holders → |
Top BuysQ2 2026
Showing the top 10 buys among 12 existing positions where the manager bought more shares in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| BUILDERS FIRSTSOURCE INC | BLDR | +3.4% | +142.6% | History → |
| APPLE INC | AAPL | +0.0% | +12.1% | Holders → |
| BERKSHIRE HATHAWAY INC CL B | BRK/B | +1.0% | +8.0% | – |
| OLIN CORP | OLN | +-2.4% | +6.1% | History → |
| ALASKA AIR GROUP INC | ALK | +3.1% | +5.8% | History → |
| DISNEY WALT CO | DIS | +-0.0% | +5.3% | Holders → |
| BERKSHIRE HATHAWAY INC CL A | BRK/A | +0.2% | +3.4% | – |
| DOLLAR TREE INC | DLTR | +0.5% | +3.2% | History → |
| KINROSS GOLD CORP | KGC | +-1.4% | +2.7% | History → |
| DOLLAR GEN CORP | DG | +-0.5% | +2.6% | History → |
Top SellsQ2 2026
Showing the top 10 sells among 13 existing positions where the manager sold shares in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| STARBUCKS CORP | SBUX | -2.2% | 81.8% | Holders → |
| CUMMINS INC | CMI | -1.5% | 67.2% | Holders → |
| FIVE BELOW INC | FIVE | -3.1% | 45.2% | History → |
| NXP SEMICONDUCTORS N V | NXPI | -0.1% | 41.0% | Holders → |
| HF SINCLAIR CORP | DINO | -0.7% | 30.1% | Holders → |
| VALERO ENERGY CORP | VLO | -0.2% | 14.0% | Holders → |
| ISHARES 0-3 MONTH TREASURY BON | SGOV | -0.0% | 13.6% | Holders → |
| EQUINOR ASA | EQNR | -0.3% | 8.4% | Holders → |
| NEWMONT CORP | NEM | -1.5% | 6.7% | History → |
| AMERICAN EXPRESS CO | AXP | 0.0% | 3.6% | Holders → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| FLEX LTD | FLEX | 0.0% |
Net Portfolio Value ChangeQ2 2026
- $0.8BPrior quarter
- $0.9BCurrent quarter
- +$0.0BNet delta
- +5.6%% change
Methodology & FAQ
How SEMPER AUGUSTUS INVESTMENTS GROUP LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for SEMPER AUGUSTUS INVESTMENTS GROUP LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did SEMPER AUGUSTUS INVESTMENTS GROUP LLC buy in Q2 2026?
In Q2 2026, SEMPER AUGUSTUS INVESTMENTS GROUP LLC initiated 7 new positions (PAYCHEX INC (PAYX), S&P GLOBAL INC (SPGI), COGNIZANT TECHNOLOGY SOLUTIO (CTSH), MICROSOFT CORP (MSFT), MICROCHIP TECHNOLOGY INC. (MCHP), SUNBELT RENTALS HOLDINGS INC (SUNB), JOHNSON & JOHNSON (JNJ)); bought more shares of BUILDERS FIRSTSOURCE INC (BLDR), APPLE INC (AAPL), BERKSHIRE HATHAWAY INC CL B (BRK/B), OLIN CORP (OLN), ALASKA AIR GROUP INC (ALK) (the largest 5 of 12 adds).
What stocks did SEMPER AUGUSTUS INVESTMENTS GROUP LLC sell in Q2 2026?
In Q2 2026, SEMPER AUGUSTUS INVESTMENTS GROUP LLC fully sold 1 position (FLEX LTD (FLEX)); reduced holdings in STARBUCKS CORP (SBUX), CUMMINS INC (CMI), FIVE BELOW INC (FIVE), NXP SEMICONDUCTORS N V (NXPI), HF SINCLAIR CORP (DINO) (the largest 5 of 13 reductions).
Which positions did SEMPER AUGUSTUS INVESTMENTS GROUP LLC initiate in Q2 2026?
SEMPER AUGUSTUS INVESTMENTS GROUP LLC established 7 new positions in Q2 2026: PAYCHEX INC (PAYX, 2.4%), S&P GLOBAL INC (SPGI, 2.1%), COGNIZANT TECHNOLOGY SOLUTIO (CTSH, 1.7%), MICROSOFT CORP (MSFT, 0.0%), MICROCHIP TECHNOLOGY INC. (MCHP, 0.0%), SUNBELT RENTALS HOLDINGS INC (SUNB, 0.0%), JOHNSON & JOHNSON (JNJ, 0.0%).
Which existing positions saw the largest allocation increases for SEMPER AUGUSTUS INVESTMENTS GROUP LLC in Q2 2026?
Of 12 existing positions with share-count increases in Q2 2026, the largest were: BUILDERS FIRSTSOURCE INC (BLDR, +3.4% weight, +142.6% shares), APPLE INC (AAPL, +0.0% weight, +12.1% shares), BERKSHIRE HATHAWAY INC CL B (BRK/B, +1.0% weight, +8.0% shares), OLIN CORP (OLN, +-2.4% weight, +6.1% shares), ALASKA AIR GROUP INC (ALK, +3.1% weight, +5.8% shares), DISNEY WALT CO (DIS, +-0.0% weight, +5.3% shares), BERKSHIRE HATHAWAY INC CL A (BRK/A, +0.2% weight, +3.4% shares), DOLLAR TREE INC (DLTR, +0.5% weight, +3.2% shares), KINROSS GOLD CORP (KGC, +-1.4% weight, +2.7% shares), DOLLAR GEN CORP (DG, +-0.5% weight, +2.6% shares).
Which positions did SEMPER AUGUSTUS INVESTMENTS GROUP LLC fully exit in Q2 2026?
SEMPER AUGUSTUS INVESTMENTS GROUP LLC fully exited 1 position in Q2 2026: FLEX LTD (FLEX, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for SEMPER AUGUSTUS INVESTMENTS GROUP LLC in Q2 2026?
Of 13 existing positions with share-count reductions in Q2 2026, the largest were: STARBUCKS CORP (SBUX, -2.2% weight, -81.8% shares), CUMMINS INC (CMI, -1.5% weight, -67.2% shares), FIVE BELOW INC (FIVE, -3.1% weight, -45.2% shares), NXP SEMICONDUCTORS N V (NXPI, -0.1% weight, -41.0% shares), HF SINCLAIR CORP (DINO, -0.7% weight, -30.1% shares), VALERO ENERGY CORP (VLO, -0.2% weight, -14.0% shares), ISHARES 0-3 MONTH TREASURY BON (SGOV, -0.0% weight, -13.6% shares), EQUINOR ASA (EQNR, -0.3% weight, -8.4% shares), NEWMONT CORP (NEM, -1.5% weight, -6.7% shares), AMERICAN EXPRESS CO (AXP, 0.0% weight, -3.6% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.