Semper Augustus
Christopher Bloomstran
Period
Q1 2026
Portfolio Date
Mar 31, 2026
Stocks Held
43
Market Value
$836.5M
Portfolio Analysis
AIPreviewI. Institutional Overview
The investment landscape of the first quarter of 2026 reveals a fascinating evolution in the portfolio of Semper Augustus, the investment firm led by the venerable Christopher Bloomstran. Known for a disciplined, value-centric approach that often mirrors the philosophical underpinnings of Warren Buffett, Bloomstran’s latest filings provide a window into a...
A defining characteristic of the Semper Augustus approach is its concentration. With only 43 holdings in the entire portfolio, Bloomstran clearly eschews the "closet indexing" that plagues many institutional managers. This level of concentration—averaging roughly $19.45 million per position, though heavily skewed toward the top—indicates a "high conviction"...
The scale of the institution, while modest compared to the multi-billion-dollar "behemoths" of Wall Street, allows Semper Augustus a level of flexibility that larger funds lack. At $836 million, Bloomstran can enter and exit positions in mid-cap companies without drastically moving the market price, yet he possesses enough capital to take meaningful stakes...
Based on the latest available 13F filing.
Open full report in appHoldings Value Trend
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Top 5 Holdings
$BRK.B
Berkshire Hathaway Inc.
14.5%
% of Portfolio
$BRK.A
Berkshire Hathaway Inc.
9.9%
% of Portfolio
$DG
Dollar General Corporation
9.2%
% of Portfolio
$DECK
Deckers Outdoor Corporation
7.9%
% of Portfolio
$ALK
Alaska Air Group, Inc.
7.5%
% of Portfolio
Historical Positions
| Symbol | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|
| BRK.B | 14.5% | 14.4% | 15.7% | 16.9% |
| BRK.A | 9.9% | 10.1% | 10.9% | 11.9% |
| DG | 9.2% | 14.1% | 11.9% | 14.9% |
| DECK | 7.9% | 7.6% | 4.7% | 3.0% |
| ALK | 7.5% | - | - | - |
| OLN | 7.2% | 4.7% | 6.0% | - |
| DLTR | 6.7% | 7.3% | 6.0% | 7.1% |
| NEM | 6.2% | 7.6% | 7.1% | 5.6% |
| KGC | 5.5% | 6.8% | 8.0% | 6.8% |
| FIVE | 5.3% | 5.8% | 6.0% | 6.0% |
Post-Filing Contributors
Price change since reported price, ranked by portfolio contribution
Post-Filing Detractors
Price change since reported price, ranked by portfolio contribution
Sector Analysis
All Holdings
$BRK.B
14.5%
$BRK.A
9.9%
$DG
9.2%
$DECK
7.9%
$ALK
7.5%
$OLN
7.2%
$DLTR
6.7%
$NEM
6.2%
$KGC
5.5%
$FIVE
5.3%
$SBUX
2.7%
$DINO
2.7%
$CMI
2.5%
$BLDR
2.2%
$DIS
1.8%
$VLO
1.3%
$XOM
1.2%
$EQNR
0.9%
$PSKY
0.7%
$TRV
0.7%
$MRK
0.6%
$COST
0.4%
$GE
0.3%
$NXPI
0.3%
$ETF-GLDM
0.3%
$GEV
0.2%
$SMHI
0.2%
$CVX
0.1%
$KO
0.1%
$AAPL
0.1%
$AXP
0.1%
$ETF-SGOV
0.1%
$GOOG
0.1%
$SHEL
0.1%
$MA
0.0%
$GEHC
0.0%
$ETF-SIVR
0.0%
$SYF
0.0%
$FLEX
0.0%
$PM
0.0%
$NFLX
0.0%
$PSX
0.0%
$GOOGL
0.0%