Christopher Bloomstran's Portfolio: Heavyweights in Financials, Consumer Goods & Materials
Semper Augustus Investments Group's portfolio, as of March 31, 2026, shows significant concentration in Financial Services, Consumer Defensive, and Basic Materials sectors, with notable changes in holdings.
Top Holdings Analysis
The portfolio's largest position is BRK-B, representing Berkshire Hathaway Inc. (BRK-B), with a substantial stock value of $121.25 million, accounting for 14.48% of the total holdings. This is followed by DG, Dollar Gen Corp., valued at $76.96 million (9.19%), and DECK, Deckers Outdoor Corp., worth $66.16 million (7.90%). Other significant holdings include ALK, OLN, DLTR, NEM, KGC, FIVE, and SBUX, each representing a notable portion of the portfolio.
Portfolio Concentration
The portfolio demonstrates a clear concentration towards specific sectors. Financial Services holds the largest allocation at 14.48% via BRK-B. Consumer Defensive is the next largest sector with a combined allocation of 16.31% (DG at 9.19% and DLTR at 6.72%). Basic Materials follows closely with a combined allocation of 18.72% (OLN at 7.21%, NEM at 6.19%, and KGC at 5.50%).
Recent Changes in Holdings
Several holdings show significant changes from the previous period. ALK (Alaska Air Group) saw a massive increase in shares (314.16% change), indicating strong confidence in this Industrials stock. Conversely, DG experienced a substantial decrease in both shares (-29.99%) and percentage allocation, suggesting a strategic shift away from this Consumer Defensive stock. Other notable changes include NEM (-27.76%) and KGC (-28.59%), both in Basic Materials, and FIVE (-27.36%) in Consumer Cyclical.
Investment Strategy and Sectors
The portfolio's strategy appears to favor established, large-cap companies with potentially stable cash flows, as evidenced by the top holdings like BRK-B and DG. There is a significant tilt towards Defensive and Cyclical Consumer sectors, alongside substantial exposure to Basic Materials and a notable allocation to Industrials (ALK). The inclusion of consumer-facing companies like DECK, DLTR, FIVE, and SBUX suggests an element of consumer confidence or a focus on brands with strong recognition. The strategy also involves active management, as seen by the significant share changes in several holdings, particularly the large increase in ALK and the decreases in DG, NEM, and KGC.
Conclusion
Christopher Bloomstran's portfolio at Semper Augustus Investments Group maintains a concentrated approach, heavily weighted towards Financial Services, Consumer Defensive, and Basic Materials sectors. The strategy involves significant positions in large-cap names and appears to be actively managed, with recent periods seeing both substantial additions (like ALK) and reductions (like DG, NEM, KGC). This profile suggests a focus on established businesses and specific cyclical/defensive consumer plays.