Semper Augustus Investments Group LLC
Semper Augustus Investments Group LLC is an SEC-registered investment advisor founded in 1998 and headquartered in Highlands Ranch, Colorado, with additional principal offices in Denver and St. Louis. The firm manages approximately $693 million in assets and employs 9 people. Semper Augustus specializes in managing concentrated, value-driven equity portfolios for a range of clients, including high net worth individuals, charitable organizations, and corporate accounts, with a focus on delivering long-term outperformance and risk management.
Investment Strategy
Semper Augustus employs a fundamental, value-driven investment strategy, constructing concentrated equity portfolios of well-capitalized and well-managed businesses trading below conservative appraisals of intrinsic value. The firm prioritizes free cash flow, high business quality, and a disciplined margin of safety, aiming to minimize the risk of permanent capital loss rather than focusing on market volatility. The strategy emphasizes buying and holding a limited number of high-quality companies at significant discounts to their intrinsic value, with the goal of outperforming market indices over the long term. Risk management is central to their process, and the portfolios typically contain fewer than 30 holdings.
Top Holdings
Equity Positions (37)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BRK-B | BERKSHIRE HATHAWAY INC DEL | 16.86% | $119.8M | 246,664 | $149.35 | $485.77 | -$7.7M |
D DG | DOLLAR GEN CORP NEW | 14.91% | $105.9M | 926,119 | $103.69 | $114.38 | +$26.2M |
B BRK-A | BERKSHIRE HATHAWAY INC DEL | 11.90% | $84.5M | 116 | $254135.15 | $728800.00 | -$8.1M |
D DLTR | DOLLAR TREE INC | 7.06% | $50.2M | 506,396 | $76.87 | $99.04 | +$13.1M |
K KGC | KINROSS GOLD CORP | 6.79% | $48.2M | 3,086,724 | $5.29 | $15.63 | -$8.6M |