SEMPER AUGUSTUS INVESTMENTS GROUP LLC is an institutional investment manager that files quarterly 13F reports with the SEC. As of Q4 2025, the fund manages $870M in reported equity holdings across 39 positions. The largest holdings are BRK.B (14.4%), DG (14.1%), BRK.A (10.1%), DECK (7.6%), NEM (7.6%). The portfolio is concentrated in Other (90.9%), Consumer Cyclical (5.8%), Energy (1.9%). Data sourced from SEC EDGAR 13F filings (CIK 1115373).