Semper Augustus Investments Group LLC

Period:: Q1 2026
Portfolio date:: Mar 31, 2026
No. of stocks:: 44
Portfolio value:: $837,341,000
Filed:: May 15, 2026
CIK:: 1115373

Hist	Stock	Activity	Share change	% change to portfolio
Q1 2026filed May 15, 267 new1 added6 reduced2 exited
≡	ALK – ALASKA AIR GROUP INC	Add 314.00%	1,285,780	5.08
≡	DG – DOLLAR GEN CORP	Reduce 30.00%	−277,728	−4.95
≡	VLO – VALERO ENERGY CORP	Reduce 78.00%	−154,602	−2.42
≡	BLDR – BUILDERS FIRSTSOURCE INC	Buy	228,210	2.24
≡	NEM – NEWMONT CORP	Reduce 28.00%	−184,101	−1.42
≡	KGC – KINROSS GOLD CORP	Reduce 29.00%	−603,992	−1.34
≡	EQNR – EQUINOR ASA	Reduce 71.00%	−422,431	−0.74
≡	FIVE – FIVE BELOW INC	Reduce 27.00%	−72,568	−0.49
≡	ETHB – ISHARES TR	Buy	9,916	0.12
≡	GOOG – ALPHABET INC	Buy	2,432	0.08
≡	OVV – OVINTIV INC	Sell	−16,487	−0.07
≡	ETHB – ISHARES TR	Sell	−3,541	−0.04
≡	MA – MASTERCARD INCORPORATED	Buy	658	0.04
≡	PM – PHILIP MORRIS INTL INC	Buy	1,762	0.03
≡	NFLX – NETFLIX INC.	Buy	2,980	0.03
≡	PSX – PHILLIPS 66	Buy	1,472	0.03
Q4 2025filed Feb 17, 262 new3 added6 reduced1 exited
≡	DECK – DECKERS OUTDOOR CORP	Add 71.00%	264,857	2.88
≡	KGCRF – KINROSS GOLD CORP	Reduce 18.00%	−476,822	−1.19
≡	FIVE – FIVE BELOW INC	Reduce 14.00%	−43,107	−0.21
≡	GEV – GE VERNOVA INC	Reduce 42.00%	−1,442	−0.11
≡	GLDM – WORLD GOLD TR	Add 21.00%	4,115	0.05
≡	SIVR – ABRDN SILVER ETF TRUST	Buy	4,245	0.03
≡	FCAP – ISHARES TR	Reduce 36.00%	−2,024	−0.03
≡	GOOGL – ALPHABET INC	Buy	700	0.03
≡	PSX – PHILLIPS 66	Sell	−1,472	−0.02
≡	AXP – AMERICAN EXPRESS CO	Reduce 16.00%	−665	−0.02
≡	ALK – ALASKA AIR GROUP INC	Add 8.00%	30,691	0.02
≡	FLEX – FLEX LTD	Reduce 12.00%	−605	−0.01
Q3 2025filed Nov 14, 253 new4 added3 reduced2 exited
≡	OLN – OLIN CORP	Add 141.00%	1,126,809	3.75
≡	0VVB – PARAMOUNT GLOBAL	Sell	−1,681,694	−3.05
≡	DECK – DECKERS OUTDOOR CORP	Add 78.00%	164,318	1.69
≡	PSKY – PARAMOUNT SKYDANCE CORP	Buy	659,284	1.56
≡	KGC – KINROSS GOLD CORP	Reduce 16.00%	−496,969	1.24
≡	COST – COSTCO WHSL CORP NEW	Reduce 9.00%	−333	−0.13
≡	IAU – ISHARES TR	Sell	−8,128	−0.12
≡	IAU – ISHARES TR	Buy	5,565	0.07
≡	EQNR – EQUINOR ASA	Add 12.00%	63,513	−0.06
≡	GLDM – WORLD GOLD TR	Add 17.00%	2,863	0.03
≡	AXP – AMERICAN EXPRESS CO	Reduce 7.00%	−326	−0.03
≡	PSX – PHILLIPS 66	Buy	1,472	0.02
Q2 2025filed Aug 15, 252 new4 added5 reduced1 exited
≡	FIVE – FIVE BELOW INC	Add 310.00%	244,142	5.01
≡	DECK – DECKERS OUTDOOR CORP	Buy	210,523	3.05
≡	KGCRF – KINROSS GOLD CORP	Reduce 32.00%	−1,419,922	−2.37
≡	OLN – OLIN CORP	Add 14.00%	94,970	−0.49
≡	DINO – HF SINCLAIR CORP	Add 17.00%	49,653	0.43
≡	NKE – NIKE INC	Sell	−36,550	−0.37
≡	ALK – ALASKA AIR GROUP INC	Add 8.00%	27,179	−0.15
≡	COST – COSTCO WHSL CORP NEW	Reduce 11.00%	−477	−0.12
≡	KO – COCA COLA CO	Reduce 29.00%	−6,378	−0.10
≡	GEV – GE VERNOVA INC	Reduce 8.00%	−302	0.07
≡	IAU – ISHARES TR	Reduce 23.00%	−2,472	−0.06
≡	FLEX – FLEX LTD	Buy	5,090	0.04
Q1 2025filed May 15, 251 new4 added2 reduced2 exited
≡	DG – DOLLAR GEN CORP NEW	Add 48.00%	295,650	4.57
≡	DLTR – DOLLAR TREE INC	Reduce 37.00%	−290,436	−4.53
≡	0VVB – PARAMOUNT GLOBAL	Add 38.00%	452,566	0.94
≡	OLN – OLIN CORP	Add 20.00%	116,973	−0.79
≡	MCY – MERCURY GENL CORP NEW	Sell	−26,805	−0.32
≡	IAU – ISHARES TR	Buy	10,600	0.17
≡	GEV – GE VERNOVA INC	Reduce 10.00%	−400	−0.06
≡	AMZN – AMAZON COM INC	Sell	−960	−0.04
≡	GLDM – WORLD GOLD TR	Add 13.00%	1,854	0.03
Q4 2024filed Feb 14, 254 added6 reduced
≡	DLTR – DOLLAR TREE INC	Add 62.00%	300,384	4.75
≡	DG – DOLLAR GEN CORP NEW	Reduce 29.00%	−249,663	−4.02
≡	DINO – HF SINCLAIR CORP	Reduce 45.00%	−238,040	−2.16
≡	VLO – VALERO ENERGY CORP	Add 61.00%	71,973	1.47
≡	0VVB – PARAMOUNT GLOBAL	Reduce 30.00%	−511,088	−0.83
≡	OLN – OLIN CORP	Add 11.00%	58,051	−0.74
≡	MCY – MERCURY GENL CORP NEW	Reduce 55.00%	−32,720	−0.32
≡	BRK-B – BERKSHIRE HATHAWAY INC DEL	Reduce 6.00%	−7	−0.23
≡	GLDM – WORLD GOLD TR	Add 15.00%	1,905	0.02
≡	AMZN – AMAZON COM INC	Reduce 25.00%	−312	−0.00
Q3 2024filed Nov 14, 242 new6 added3 reduced4 exited
≡	MCY – MERCURY GENL CORP NEW	Reduce 96.00%	−1,335,455	−12.63
≡	DLTR – DOLLAR TREE INC	Add 398.00%	386,448	3.89
≡	DG – DOLLAR GEN CORP NEW	Add 96.00%	420,897	1.90
≡	VLO – VALERO ENERGY CORP	Add 211.00%	79,427	1.62
≡	DINO – HF SINCLAIR CORP	Add 95.00%	258,235	1.40
≡	STOHF – EQUINOR ASA	Add 77.00%	208,850	0.67
≡	AAPL – APPLE INC	Reduce 67.00%	−8,510	−0.31
≡	FIVE – FIVE BELOW INC	Add 12.00%	7,759	−0.19
≡	WAFDP – WAFD INC	Sell	−27,072	−0.14
≡	GLDM – WORLD GOLD TR	Buy	12,460	0.11
≡	GE – GE AEROSPACE	Reduce 24.00%	−3,105	−0.05
≡	AMZN – AMAZON COM INC	Buy	1,272	0.04
≡	MCHP – MICROCHIP TECHNOLOGY INC.	Sell	−2,418	−0.04
≡	GOOGL – ALPHABET INC	Sell	−1,160	−0.04
≡	PSX – PHILLIPS 66	Sell	−1,472	−0.04
Q2 2024filed Aug 14, 245 new7 added5 reduced2 exited
≡	FIVE – FIVE BELOW INC	Buy	66,384	1.29
≡	SBUX – STARBUCKS CORP	Add 98.00%	113,712	1.26
≡	NEM – NEWMONT CORP	Add 7.00%	44,126	0.90
≡	NXPI – NXP SEMICONDUCTORS N V	Reduce 43.00%	−10,520	−0.44
≡	DLTR – DOLLAR TREE INC	Add 6.00%	5,750	−0.37
≡	AAPL – APPLE INC	Add 198.00%	8,400	0.34
≡	NKE – NIKE INC	Add 191.00%	21,774	0.25
≡	VLO – VALERO ENERGY CORP	Reduce 6.00%	−2,447	−0.20
≡	GE – GE AEROSPACE	Reduce 22.00%	−3,612	−0.16
≡	GEV – GE VERNOVA INC	Buy	4,138	0.13
≡	SMHI – SEACOR MARINE HLDGS INC	Reduce 8.00%	−19,917	−0.08
≡	SII – SPROTT PHYSICAL GOLD TR	Buy	23,869	0.08
≡	0VVB – PARAMOUNT GLOBAL	Add 14.00%	204,473	−0.05
≡	DOW – DOW INC	Sell	−5,169	−0.05
≡	ALK – ALASKA AIR GROUP INC	Add 7.00%	21,899	−0.05
≡	SAIA – SAIA INC	Sell	−400	−0.04
≡	GOOGL – ALPHABET INC	Buy	1,160	0.04
≡	SYF – SYNCHRONY FINANCIAL	Buy	4,437	0.04
≡	AXP – AMERICAN EXPRESS CO	Reduce 13.00%	−648	−0.03
Q1 2024filed May 15, 242 new4 added3 reduced1 exited
≡	DIS – DISNEY WALT CO	Reduce 34.00%	−69,100	−0.85
≡	0VVB – PARAMOUNT GLOBAL	Add 66.00%	587,417	0.43
≡	STOHF – EQUINOR ASA	Add 7.00%	16,664	−0.32
≡	OVV – OVINTIV INC	Reduce 50.00%	−16,487	−0.15
≡	PEP – PEPSICO INC	Sell	−1,457	−0.05
≡	PSX – PHILLIPS 66	Buy	1,472	0.04
≡	SAIA – SAIA INC	Buy	400	0.04
≡	AXP – AMERICAN EXPRESS CO	Reduce 20.00%	−1,260	−0.04
≡	CVX – CHEVRON CORP NEW	Add 28.00%	1,305	0.03
≡	SBUX – STARBUCKS CORP	Add 21.00%	19,890	0.01