SEMPER AUGUSTUS INVESTMENTS GROUP LLC

Q4 2025 13F-HR Holdings

Location
Highlands Ranch, CO
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
39
Total value ($000)
$869,558
Net value change ($000)
+68,392 (8.5%)
New positions
2
Sold out positions
1
Turnover %
0.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
DECK 28,319 74.5%
DG 27,255 28.5%
DLTR 15,390 32.3%
NEM 9,044 15.8%
CMI 3,435 20.4%
FIVE 2,259 4.7%
ALK 1,741 9.2%
MRK 948 25.4%
GLDM 528 34.8%
XOM 405 6.2%
Top Reduces (Value $000, Stocks/ETFs)
OLN -7,605 -15.8%
KGC -4,855 -7.5%
PSKY -3,643 -29.2%
DINO -2,149 -11.5%
VLO -1,632 -4.8%
GEV -810 -38.3%
BRK-B -539 -0.4%
COST -208 -6.5%
SGOV -205 -36.6%
PSX -200 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type