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

According to the SEC 13F filed on Feb 17, 2026, the Semper Augustus Investments Group portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2025. 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