In its second-quarter 13F filing for the period ending June 30, 2026, Christopher Bloomstran's Semper Augustus Investments Group reported a portfolio value of $884.60 million. The firm is known for its concentrated, long-term value approach. The portfolio's top holdings remained consistent, with a significant concentration in Berkshire Hathaway, which represents over 25% of the portfolio through its Class A and Class B shares. Other major holdings include Alaska Air Group, Dollar General, and Deckers Outdoor Corp.
The most notable changes in the portfolio included the initiation of several new positions. The largest new buys were Paychex (PAYX) and S&P Global (SPGI), establishing weights of 2.35% and 2.12% respectively. Another new, smaller position was added in Cognizant Technology Solutions (CTSH). During the quarter, Semper Augustus also significantly increased its stake in Builders FirstSource (BLDR), more than doubling its share count and making it a top 10 holding with a 5.60% weight.
Conversely, the filing revealed significant reductions in several holdings. The firm drastically cut its position in Starbucks (SBUX) by over 80%, reducing it to a near-exit level of 0.53% of the portfolio. Another high-conviction holding, Five Below (FIVE), was trimmed by nearly half, decreasing its weight from 5.26% to 2.15%. Other material reductions included Cummins (CMI) and HF Sinclair (DINO). These moves suggest a strategic reallocation of capital towards new opportunities while taking profits or reducing exposure in other areas.