Semper Augustus Investments Group LLC Holdings - 4Q25

As of December 31, 2025, Semper Augustus Investments Group LLC reported 39 positions comprising 39 stocks worth $869.6M. The top 5 holdings represented 53.9% of the portfolio. During the quarter, the fund entered 2 new positions and exited 1. Explore portfolio value and concentration trends, quarterly position counts, and a detailed breakdown of each holding below.