中文
Value GiantsValue investors’ 13F holdings, as a whole
Q2 2026 13FData as of Aug 18, 2026
Quality value

Christopher Bloomstran

Q2 2026 13F: 50 holdings worth about $884.6M; that quarter 7 new, 11 added, 12 trimmed, 1 sold out.

Firm: Semper Augustus Investments Group LLC
Filer: SEMPER AUGUSTUS INVESTMENTS GROUP LLC CIK 1115373
Last filed: Aug 14, 2026 | Quality value | Counted in this quarter’s totals

13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.

Why This Giant Is Included

  • Rule numbers (Q2 2026): 50 holdings, top 10 = 79%, stocks $0.9B, options 0%; all four rules met
  • Source for the value approach: Investment Philosophy (Semper Augustus Investments Group LLC): “We are a fundamental, value-driven investor managing concentrated equity portfolios of well-run, well-capitalized businesses with share prices trading below our conservative appraisals of intrinsic value.” (checked 2026-10-11)

Full selection rules →

13F value
$884.6M
previous $837.3M (+5.6%)
Holdings
50
7 new / 1 sold out
Net deploymentest.
+5.4%
est. net buying ÷ last quarter’s portfolio
Top-10 concentration
79%
overlap with the composite 10%
Turnoverest.
8.0%
held 24 quarters on average
I

Trades in Q2 2026

Sorted by position shift: how many percentage points of the portfolio the trade moved.

How to Read This

Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.

MoveCompanyChange in sharesChange %Position shift (pts)Start → end priceEst. trade price
AddedBLDRBuilders FirstSource, Inc+325.5K+143%+3.29$82.33 → $89.48$85.90
TrimmedSBUXStarbucks Corp−205.5K−82%−2.37$89.59 → $102.19$95.89
NewPAYXPaychex Inc+211.6K—+2.35$92.12 → $98.33$95.23
TrimmedCMICummins Inc−26.6K−67%−2.14$538.02 → $713.21$625.62
NewSPGIS&P Global Inc+46.0K—+2.12$425.34 → $407.26$416.30
TrimmedFIVEFive Below−87.0K−45%−1.77$228.48 → $179.79$204.14
NewCTSHCognizant Technology Solutions+378.0K—+1.65$61.35 → $38.73$50.04
AddedBRK.BBerkshire Hathaway Inc+20.1K+8%+1.48$479.20 → $500.39$489.79
TrimmedDINOHF Sinclair Corp−108.5K−30%−0.85$62.39 → $69.65$66.02
AddedALKAlaska Air Group Inc+98.6K+6%+0.58$36.78 → $52.20$44.49
TrimmedNEMNewmont Corp−31.9K−7%−0.34$108.25 → $93.40$100.83
AddedOLNOlin Corp+124.5K+6%+0.28$29.73 → $19.82$24.77
AddedDLTRDollar Tree Inc+16.6K+3%+0.23$109.51 → $120.95$115.23
AddedDGDollar General Corp+17.1K+3%+0.22$118.73 → $115.11$116.92
TrimmedVLOValero Energy Corp−6.2K−14%−0.18$247.08 → $260.44$253.76
TrimmedNXPINXP Semiconductors NV−5.3K−41%−0.17$196.86 → $281.03$238.95
AddedKGCKinross Gold Corp+40.1K+3%+0.11$30.52 → $23.62$27.07
AddedDECKDeckers Outdoor Corp+9.2K+1%+0.10$100.09 → $99.29$99.69
AddedDISWalt Disney Co+8.1K+5%+0.09$96.38 → $96.25$96.31
Sold outFLEXFlex Ltd−4.5K—−0.08$65.46 → $162.07$113.76
TrimmedEQNREquinor ASA−14.8K−8%−0.05$42.20 → $31.40$36.80
NewMSFTMicrosoft Corp+641—+0.03$370.17 → $373.02$371.60
NewMCHPMicrochip Technology Inc+2.4K—+0.02$64.61 → $91.20$77.91
NewSUNBSunbelt Rentals Holdings, Inc+2.8K—+0.02$65.09 → $74.81$69.95
NewJNJJohnson & Johnson+794—+0.02$244.44 → $253.97$249.21
AddedAAPLApple Inc+500+12%+0.02$253.79 → $289.36$271.57
TrimmedSGOViShares 0-3 Month Treasury B−1.3K−14%−0.02$100.66 → $100.67$100.66
Trimmed—Exxon Mobil Corp−341−1%−0.01$169.66 → $136.72$153.19
TrimmedAXPAmerican Express Co−125−4%−0.00$302.48 → $338.25$320.37
TrimmedSKYDSkydance Corp−3.9K−1%−0.00$9.02 → $9.86$9.44
II

All Holdings (48 Companies)

Share classes of one company are combined; click a heading to re-sort.

How to Read This

Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.

CompanySectorWeight (prev.)SharesValueThis quarterFirst boughtQuarters heldEst. avg costQuarter-end pricevs costHistory
BRK.BBerkshire Hathaway IncFinancials25.6%24.4%273.1K$226.5MAdded +8%Q4 200775$189.47est.$500.39+164%History
ALKAlaska Air Group IncIndustrials10.6%7.4%1.79M$93.6MAdded +6%Q1 202026$44.56est.$52.20+17%History
DGDollar General CorpConsumer discretionary8.7%9.2%665.3K$76.6MAdded +3%Q1 201738$117.07est.$115.11−2%History
DECKDeckers Outdoor CorpConsumer discretionary7.5%7.9%670.2K$66.5MAdded +1%Q2 20255$102.56est.$99.29−3%History
DLTRDollar Tree IncConsumer discretionary7.2%6.7%530.1K$64.1MAdded +3%Q3 202120$86.10est.$120.95+40%History
BLDRBuilders FirstSource, IncConsumer discretionary5.6%2.2%553.7K$49.5MAdded +143%Q1 20262$88.67est.$89.48+1%History
OLNOlin CorpMaterials4.8%7.2%2.15M$42.7MAdded +6%Q3 201928$23.57est.$19.82−16%History
NEMNewmont CorpMaterials4.7%6.2%447.2K$41.8MTrimmed −7%Q4 200775$41.55est.start point$93.40+125%History
KGCKinross Gold CorpMaterials4.1%5.5%1.55M$36.6MAdded +3%Q1 201162$6.18est.$23.62+282%History
PAYXPaychex IncIndustrials2.4%—211.6K$20.8MNewQ2 20261$95.23est.$98.33+3%History
FIVEFive BelowConsumer discretionary2.1%5.3%105.7K$19.0MTrimmed −45%Q2 20249$111.47est.$179.79+61%History
SPGIS&P Global IncFinancials2.1%—46.0K$18.7MNewQ2 20261$416.30est.$407.26−2%History
DINOHF Sinclair CorpIndustrials2.0%2.7%252.2K$17.6MTrimmed −30%Q1 202218$41.00est.$69.65+70%History
DISWalt Disney CoCommunication & media1.7%1.8%160.7K$15.5MAdded +5%Q2 201833$99.95est.$96.25−4%History
CTSHCognizant Technology SolutionsInformation technology1.7%—378.0K$14.6MNewQ2 20261$50.04est.$38.73−23%History
VLOValero Energy CorpEnergy1.1%1.3%37.9K$9.9MTrimmed −14%Q4 202023$123.46est.$260.44+111%History
CMICummins IncIndustrials1.0%2.5%13.0K$9.3MTrimmed −67%Q3 201832$160.18est.$713.21+345%History
—Exxon Mobil CorpUnclassified0.9%1.2%57.2K$7.8MTrimmed −1%Q4 200775$70.16est.start point$136.72+95%
SKYDSkydance CorpCommunication & media0.7%0.7%648.8K$6.4MTrimmed −1%Q3 20254$18.92est.$9.86−48%History
TRVTravelers Cos IncFinancials0.7%0.7%19.1K$6.3MHeldQ4 200775$54.70est.start point$330.12+504%History
MRKMerck & Co., IncHealth care0.6%0.6%44.6K$5.7MHeldQ4 200967$36.27est.$128.50+254%History
EQNREquinor ASAEnergy0.6%0.9%161.2K$5.1MTrimmed −8%Q2 201833$25.36est.$31.40+24%History
SBUXStarbucks CorpConsumer discretionary0.5%2.7%45.8K$4.7MTrimmed −82%Q2 201833$77.72est.$102.19+31%History
GEGeneral ElectricIndustrials0.4%0.3%9.4K$3.5MHeldQ3 202120$103.03est.$373.73+263%History
COSTCostco Wholesale CorpConsumer discretionary0.4%0.4%3.4K$3.1MHeldQ4 200775$114.40est.start point$935.47+718%History
GEVGE Vernova IncInformation technology0.3%0.2%2.0K$2.3MHeldQ2 20249$171.51est.$1,175+585%History
NXPINXP Semiconductors NVInformation technology0.2%0.3%7.7K$2.2MTrimmed −41%Q3 201832$124.05est.$281.03+127%History
GLDMWorld Gold TrustFunds & ETFs0.2%0.3%24.1K$1.9MHeldQ3 20248$60.06est.$79.42+32%History
SMHISeacor Marine Holdings IncIndustrials0.2%0.2%208.2K$1.6MHeldQ2 201737$17.07est.$7.65−55%History
AAPLApple IncInformation technology0.2%0.1%4.6K$1.3MAdded +12%Q3 202216$186.89est.$289.36+55%History
KOCoca-Cola CoConsumer staples0.1%0.1%15.3K$1.2MHeldQ4 200775$32.51est.start point$81.27+150%History
AXPAmerican Express CoFinancials0.1%0.1%3.3K$1.1MTrimmed −4%Q1 201546$82.30est.$338.25+311%History
GOOGLAlphabet IncInformation technology0.1%0.1%2.4K$1.1MHeldQ4 20253$297.97est.$357.37+20%History
CVXChevron CorpEnergy0.1%0.1%6.1K$1.0MHeldQ1 202122$130.63est.$165.76+27%History
SGOViShares 0-3 Month Treasury BFunds & ETFs0.1%0.1%8.6K$863KTrimmed −14%Q1 20256$100.51est.$100.67+0%History
PHYSSprott Physical Gold TrustFunds & ETFs0.1%0.1%23.9K$720KHeldQ2 20249$17.68est.$30.17+71%History
SHELShell plcEnergy0.0%0.1%5.0K$385KHeldQ3 202120$46.13est.$77.54+68%History
MAMastercard IncFinancials0.0%0.0%658$338KHeldQ1 20262$535.27est.$513.60−4%History
SYFSynchrony FinancialFinancials0.0%0.0%4.4K$337KHeldQ2 20249$45.64est.$76.05+67%History
PMPhilip Morris International IncConsumer staples0.0%0.0%1.8K$319KHeldQ1 20262$162.87est.$180.91+11%History
GEHCGE HealthCare Technologies IncHealth care0.0%0.0%4.6K$293KHeldQ1 202314$82.03est.$64.01−22%History
PSXPhillips 66Energy0.0%0.0%1.5K$249KHeldQ1 20262$155.61est.$169.05+9%History
MSFTMicrosoft CorpInformation technology0.0%—641$239KNewQ2 20261$371.60est.$373.02+0%History
SIVRAbrdn Silver ETF TrustFunds & ETFs0.0%0.0%4.2K$239KHeldQ4 20253$67.64est.$56.22−17%History
MCHPMicrochip Technology IncInformation technology0.0%—2.4K$221KNewQ2 20261$77.91est.$91.20+17%History
NFLXNetflix IncCommunication & media0.0%0.0%3.0K$213KHeldQ1 20262$94.95est.$71.40−25%History
SUNBSunbelt Rentals Holdings, IncIndustrials0.0%—2.8K$208KNewQ2 20261$69.95est.$74.81+7%History
JNJJohnson & JohnsonHealth care0.0%—794$202KNewQ2 20261$249.21est.$253.97+2%History
III

Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost

How to Read This

Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.

above costbelow costwithin 5%
Portfolio MapBRK.BBerkshire Hathaway IncALKAlaska Air Group IncDGDollar General CorpDECKDeckers Outdoor CorpDLTRDollar Tree IncBLDRBuilders FirstSource, I…OLNOlin CorpNEMNewmont CorpKGCKinross Gold CorpPAYXPaychex In…FIVEFive Belo…SPGIS&P Globa…DINOHF Sincla…DISWalt Disne…CTSHCognizant…VLOValero Ene…CMICummins I…SKYDTRVMRKEQN…SBU…
IV

Over Time

From Q4 2007, 75 quarters (this giant’s electronic 13F filings).

13F Value

13F Value$0$250.0M$500.0M$750.0MQ4 2007Q4 2009Q4 2011Q4 2013Q4 2015Q4 2017Q4 2019Q4 2021Q4 2023Q2 2026

Holdings

Holdings02040Q4 2007Q4 2009Q4 2011Q4 2013Q4 2015Q4 2017Q4 2019Q4 2021Q4 2023Q2 2026

Top-10 Concentration

Top-10 Concentration0%25%50%75%100%Q4 2007Q4 2009Q4 2011Q4 2013Q4 2015Q4 2017Q4 2019Q4 2021Q4 2023Q2 2026

Turnover (Est.)

Turnover0%5%10%15%Q4 2007Q4 2009Q4 2011Q4 2013Q4 2015Q4 2017Q4 2019Q4 2021Q4 2023Q2 2026

Sector Mix

Information technologyFinancialsCommunication & mediaConsumer discretionaryIndustrialsHealth careEnergyOther (incl. unclassified)
Sector Mix0%25%50%75%100%Q4 2007Q4 2009Q4 2011Q4 2013Q4 2015Q4 2017Q4 2019Q4 2021Q4 2023Q2 2026
V

Quarter by Quarter, with the Original Filings

* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.

Show 75 Quarters
QuarterHoldingsNewSold out13F valueTurnoverNet deploymentSEC
Q2 20265071$884.6M8.0%+5.4%13F-HR
Q1 20264461$837.3M10.3%−5.3%13F-HR
Q4 20253921$869.6M2.8%+1.1%13F-HR
Q3 20253821$801.2M4.6%+3.5%13F-HR
Q2 20253721$710.6M3.6%+6.3%13F-HR
Q1 20253612$620.3M4.8%+1.2%13F-HR
Q4 20243700$559.5M6.0%−1.3%13F-HR
Q3 20243724$591.6M14.3%+3.1%13F-HR
Q2 20243952$559.0M0.9%+6.5%13F-HR
Q1 20243621$546.7M1.8%+0.9%13F-HR
Q4 20233520$477.8M1.4%+3.2%13F-HR
Q3 20233300$417.2M4.3%+5.3%13F-HR
Q2 20233301$423.0M1.8%+9.2%13F-HR
Q1 20233410$390.6M3.0%+4.3%13F-HR
Q4 20223301$367.3M2.7%−1.4%13F-HR
Q3 20223420$330.6M4.3%+4.2%13F-HR
Q2 20223200$337.5M5.2%+3.7%13F-HR
Q1 20223212$393.4M3.4%+10.2%13F-HR
Q4 20213305$320.5M0.9%−1.9%13F-HR
Q3 20213831$309.5M1.3%+7.3%13F-HR
Q2 20213671$301.2M6.8%+7.0%13F-HR
Q1 20213011$265.0M0.6%+1.4%13F-HR
Q4 20203030$228.7M7.1%+1.3%13F-HR
Q3 20202700$194.8M0.5%−0.3%13F-HR
Q2 20202711$176.9M1.1%+1.8%13F-HR
Q1 20202734$158.7M10.5%+9.7%13F-HR
Q4 20192800$186.2M0.0%−0.5%13F-HR
Q3 20192810$174.6M0.0%+4.0%13F-HR
Q2 20192701$168.8M3.9%−3.5%13F-HR
Q1 20192811$162.8M3.4%−1.6%13F-HR
Q4 20182801$155.7M1.1%−4.1%13F-HR
Q3 20182922$173.4M2.0%+2.4%13F-HR
Q2 20182952$159.8M3.1%+12.2%13F-HR
Q1 20182600$143.8M0.8%+5.8%13F-HR
Q4 20172600$133.5M1.0%−4.5%13F-HR
Q3 20172602$135.2M2.2%−1.1%13F-HR
Q2 20172822$130.2M3.1%−2.1%13F-HR
Q1 20172811$133.9M3.2%−2.6%13F-HR
Q4 20162802$134.8M0.8%−8.7%13F-HR
Q3 20163000$137.9M0.0%+0.6%13F-HR
Q2 20163022$137.9M3.2%−7.2%13F-HR
Q1 20163013$139.5M2.2%−9.1%13F-HR
Q4 20153210$142.7M1.6%−1.9%13F-HR
Q3 20153100$142.6M1.3%+2.5%13F-HR
Q2 20153111$149.4M1.4%−0.3%13F-HR
Q1 20153132$153.8M0.5%+1.2%13F-HR
Q4 20143000$156.5M3.7%−4.8%13F-HR
Q3 20143010$163.0M1.3%−4.1%13F-HR
Q2 20142912$170.2M0.6%−5.1%13F-HR
Q1 20143001$173.6M0.0%−2.4%13F-HR
Q4 20133121$176.0M2.1%−1.2%13F-HR
Q3 20133011$168.6M1.1%−1.3%13F-HR
Q2 20133010$169.5M5.0%−2.0%13F-HR
Q1 20132900$171.2M3.0%+0.1%13F-HR
Q4 20122904$160.6M0.9%−1.8%13F-HR
Q3 20123316$168.4M0.9%−3.4%13F-HR
Q2 20123823$167.5M2.7%−0.3%13F-HR
Q1 20123910$171.2M0.6%+1.4%13F-HR
Q4 20113800$163.0M1.8%+0.7%13F-HR
Q3 20113820$147.2M0.1%+9.4%13F-HR
Q2 20113605$146.4M4.7%−3.4%13F-HR
Q1 20114144$152.6M6.5%+2.6%13F-HR
Q4 20104110$145.8M0.2%+0.6%13F-HR
Q3 20104010$137.8M0.2%+3.7%13F-HR
Q2 20103920$126.6M0.0%+7.5%13F-HR
Q1 20103713$127.7M17.8%+0.2%13F-HR
Q4 20093935$120.2M13.2%+0.2%13F-HR
Q3 20094122$115.9M1.0%−6.1%13F-HR
Q2 2009 *4101$105.7M0.0%−3.7%13F-HR
Q1 2009 *4204$97.8M0.9%−3.4%13F-HR
Q4 2008 *4624$116.8M8.4%+2.6%13F-HR
Q3 2008 *4838$139.5M12.1%+10.9%13F-HR
Q2 2008 *5312$132.3M2.1%+1.5%13F-HR
Q1 2008 *5446$138.6M7.1%+5.1%13F-HR
Q4 2007 *5600$144.2M——13F-HR
VI

Large Positions Sold Out

Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.

How to Read This

Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.

CompanyHeldPeak weightCompany since
—Paramount GlobalQ2 2021 – Q3 202510%Acquired or delisted Aug 18, 2025
MCYMercury General CorpQ4 2007 – Q1 202513%—
WAFDWafd IncQ4 2007 – Q3 20244%—
HXLHexcel CorpQ2 2016 – Q2 20234%—
YAlleghany CorpQ1 2020 – Q4 20227%Acquired or delisted Oct 31, 2022
HFCHollyfrontier CorpQ4 2020 – Q1 20223%Acquired or delisted May 2, 2022
—General Electric CoQ4 2007 – Q3 202111%Still filing with the SEC
INTCIntel CorpQ4 2007 – Q1 20205%—
SWKSSkyworks Solutions IncQ1 2019 – Q1 20204%Still filing with the SEC
—Avx CorpQ4 2007 – Q1 20203%Acquired or delisted Apr 10, 2020
GGGoldcorp IncQ2 2013 – Q2 20196%—
USGUsg CorpQ2 2018 – Q1 20194%Acquired or delisted May 6, 2019
SNYSanofiQ3 2008 – Q4 20184%—
—Validus Holdings LtdQ3 2009 – Q3 20183%—
—Statoil ASA ADRQ2 2010 – Q2 20183%—
JNJJohnson & JohnsonQ4 2007 – Q2 20174%—
—Jefferies Financial Group IncQ1 2011 – Q1 20175%Still filing with the SEC
MSFTMicrosoft CorpQ4 2007 – Q2 20169%—
PCPPrecision Castparts CorpQ2 2015 – Q1 20166%Acquired or delisted Feb 11, 2016
PEPPepsiCo IncQ3 2009 – Q1 20163%—
WMTWalmart IncQ4 2007 – Q3 20125%—
—Constellation Energy GroupQ3 2008 – Q2 20117%Acquired or delisted Jun 26, 2013
BROBrown & Brown IncQ4 2007 – Q2 20113%—
DBDDiebold Nixdorf IncQ4 2007 – Q1 20113%Bankruptcy filing; the company kept filing Jun 1, 2023
—Berkshire Hathaway IncQ4 2007 – Q1 201013%Still filing with the SEC
—Eaton CorpQ4 2008 – Q1 20103%Acquired or delisted Dec 17, 2012
—Walgreen CoQ4 2007 – Q4 20094%Acquired or delisted Aug 10, 2015
—Merck Sharp & Dohme LLCQ4 2007 – Q4 20094%Acquired or delisted Jan 12, 2010