Christopher Bloomstran - Semper Augustus Investments Group 13F Activity & Position Changes (Q4 2025)

As of Dec 31, 2025, the Semper Augustus Investments Group portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 17, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q4 2025, the filing reported:

New Buys - Alphabet Inc., abrdn Physical Silver Shares ET

Increases - Alaska Air Group, Inc., Costco Wholesale Corporation, Deckers Outdoor Corporation, Dollar General Corporation, HF Sinclair Corporation, and 6 more

Reductions - American Express Company, Berkshire Hathaway Inc. New, Cummins Inc., Five Below, Inc., Flex, and 8 more

Complete Exits - Phillips 66

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q4 2025	ALK Alaska Air Group, Inc.	Alaska Air Group, Inc.	Buy	+30,691	+8.1%	$20.59M	409,282
Q4 2025	AXP American Express Company	American Express Company	Sell	-665	-16.2%	$1.27M	3,441
Q4 2025	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-1,028	-0.4%	$125.27M	249,211
Q4 2025	CMI Cummins Inc.	Cummins Inc.	Sell	-162	-0.4%	$20.30M	39,774
Q4 2025	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Buy	+12	+0.3%	$2.97M	3,447
Q4 2025	DECK Deckers Outdoor Corporation	Deckers Outdoor Corporation	Buy	+264,857	+70.7%	$66.32M	639,698
Q4 2025	DG Dollar General Corporation	Dollar General Corporation	Buy	+129	+0.0%	$122.94M	925,955
Q4 2025	DINO HF Sinclair Corporation	HF Sinclair Corporation	Buy	+1,815	+0.5%	$16.52M	358,527
Q4 2025	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+246	+0.2%	$16.59M	145,782
Q4 2025	DLTR Dollar Tree, Inc.	Dollar Tree, Inc.	Buy	+7,503	+1.5%	$63.06M	512,660
Q4 2025	EQNR Equinor ASA	Equinor ASA	Buy	+24,654	+4.3%	$14.14M	598,385
Q4 2025	FIVE Five Below, Inc.	Five Below, Inc.	Sell	-43,107	-14.0%	$49.96M	265,234
Q4 2025	FLEX Flex	Flex	Sell	-605	-11.9%	$270.98K	4,485
Q4 2025	GEV GE Vernova Inc.	GE Vernova Inc.	Sell	-1,442	-42.0%	$1.30M	1,994
Q4 2025	GLDM SPDR Gold MiniShares Trust	SPDR Gold MiniShares Trust	Buy	+4,115	+20.7%	$2.05M	23,979
Q4 2025	GOOGL Alphabet Inc.	Alphabet Inc.	Buy - Position Entry	+700	-	$219.10K	700
Q4 2025	KGC Kinross Gold Corporation	Kinross Gold Corporation	Sell	-476,822	-18.4%	$59.50M	2,112,933
Q4 2025	N6596X109 NXP Semiconductors	NXP Semiconductors	Sell	-96	-0.7%	$2.89M	13,298
Q4 2025	NEM Newmont Corporation	Newmont Corporation	Sell	-14,968	-2.2%	$66.22M	663,239
Q4 2025	OLN Olin Corporation	Olin Corporation	Buy	+19,195	+1.0%	$40.48M	1,943,440
Q4 2025	PSX Phillips 66	Phillips 66	Sell - Position Exit	-1,472	-100.0%	$0.00	-
Q4 2025	SBUX Starbucks Corporation	Starbucks Corporation	Buy	+2,509	+1.0%	$20.33M	241,470
Q4 2025	SGOV iShares 0-3 Month Treasury Bond	iShares 0-3 Month Treasury Bond	Sell	-2,024	-36.4%	$355.45K	3,541
Q4 2025	SIVR abrdn Physical Silver Shares ET	abrdn Physical Silver Shares ET	Buy - Position Entry	+4,245	-	$287.13K	4,245
Q4 2025	SMHI SEACOR Marine Holdings Inc.	SEACOR Marine Holdings Inc.	Sell	-3,305	-1.6%	$1.25M	208,175
Q4 2025	VLO Valero Energy Corporation	Valero Energy Corporation	Sell	-869	-0.4%	$32.34M	198,658
Q4 2025	XOM Exxon Mobil Corporation	Exxon Mobil Corporation	Sell	-284	-0.5%	$6.93M	57,556