Semper Augustus portfolio
Investment firm, Highlands Ranch · 13F holdings for the quarter ended June 30, 2026
Filed with the SEC August 14, 2026 · Next filing due by November 14, 2026
Reported value
$884.6M
up from $837.3M in Q1 2026
Positions
50
44 last quarter
Top 10 holdings
78.9%
of the portfolio
This quarter
7 new · 1 sold
12 added to, 13 trimmed
What Semper Augustus did in Q2 2026
Semper Augustus opened 7 new positions, the largest Paychex, S&P Global and Cognizant Technology Solutions. It raised its stake in Builders FirstSource by 143%. It sold out of Flex. It cut Starbucks by 82% and Cummins by 67%. Berkshire Hathaway is still the largest holding, at 15.5% of the portfolio.
Biggest buys
- Paychex PAYXNew
- S&P Global SPGINew
- Cognizant Technology Solutions CTSHNew
- Microsoft MSFTNew
- Microchip Technology MCHPNew
Biggest sells
- Flex FLEXSold out
- Starbucks SBUX−82%
- Cummins CMI−67%
- Five Below FIVE−45%
- NXP Semiconductors NXPI−41%
Top 15 holdings
Values as reported in the 13F, not today’s prices| # | Company | Share of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|
| 1 | Berkshire HathawayBRK-B | 15.5% | $136.7M | +8% | Q3 2024 or earlier |
| 2 | Alaska Air GroupALK | 10.6% | $93.6M | +6% | Q3 2024 or earlier |
| 3 | Berkshire HathawayBRK-A | 10.2% | $89.9M | +3% | Q3 2024 or earlier |
| 4 | Dollar GeneralDG | 8.7% | $76.6M | +3% | Q3 2024 or earlier |
| 5 | Deckers OutdoorDECK | 7.5% | $66.5M | +1% | Q2 2025 |
| 6 | Dollar TreeDLTR | 7.2% | $64.1M | +3% | Q3 2024 or earlier |
| 7 | Builders FirstSourceBLDR | 5.6% | $49.5M | +143% | Q1 2026 |
| 8 | OlinOLN | 4.8% | $42.7M | +6% | Q3 2024 or earlier |
| 9 | NewmontNEM | 4.7% | $41.8M | −7% | Q3 2024 or earlier |
| 10 | Kinross GoldKGC | 4.1% | $36.6M | +3% | Q3 2024 or earlier |
| 11 | PaychexPAYX | 2.4% | $20.8M | New | Q2 2026 |
| 12 | Five BelowFIVE | 2.1% | $19.0M | −45% | Q3 2024 or earlier |
| 13 | S&P GlobalSPGI | 2.1% | $18.7M | New | Q2 2026 |
| 14 | HF SinclairDINO | 2.0% | $17.6M | −30% | Q3 2024 or earlier |
| 15 | Walt DisneyDIS | 1.7% | $15.5M | +5% | Q3 2024 or earlier |
35 more positions, plus every quarter’s holdings going back years.Request early access to see the full portfolio →
Follow Semper Augustus, quarter by quarter
Valuepeg members get the full portfolio and its history, every company’s owners among the managers they follow, screens and watchlists.
- All 50 positions and their quarter-by-quarter history
- On any company, see which of your managers own it and what they did
- Watchlists and screens over the companies they hold
Other value investors
About this data
- What is a 13F?
- A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- How current is it?
- Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- Whose figures are these?
- The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- What does it leave out?
- Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.