Great investors · Chris Bloomstran · Q4 2025
What Chris Bloomstran bought and sold in Q4 2025
Semper Augustus 13F portfolio as of Dec 31, 2025: 39 positions worth $870M. Largest: BRK/B, DG, DECK, NEM. Filed with the SEC on Feb 17, 2026.
The 13F is filed by Semper Augustus, not by Chris Bloomstran personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q4 2025
- IncreasedDeckers OutdoorDECK+3.2 pp
Sells in Q4 2025
- ReducedKinross GoldKGC−1.5 pp
- ReducedFive BelowFIVE−0.9 pp
3 companies with material moves, out of 17 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Semper Augustus's Q4 2025 13F lists 39 lines of US-listed securities worth $870M; the largest is BRK/B at 14.4% of the portfolio. It was accepted by the SEC on Feb 17, 2026 at 4:08 PM ET.
Against the previous quarter, it opened 2 positions (SIVR and GOOGL), closed 1 (PSX), added to 6 (DECK, ALK, DLTR and EQNR and 2 more) and trimmed 8 (KGC, FIVE, NEM and GEV and 4 more). 23 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway BRK/B | 249,211 | $125M | 14.4% | no change |
| 2 | Dollar General DG | 925,955 | $123M | 14.1% | no change |
| 3 | Berkshire Hathaway BRK/A | 116 | $87.6M | 10.1% | no change |
| 4 | Deckers Outdoor DECK | 639,698 | $66.3M | 7.63% | +71% |
| 5 | Newmont NEM | 663,239 | $66.2M | 7.62% | −2.2% |
| 6 | Dollar Tree DLTR | 512,660 | $63.1M | 7.25% | +1.5% |
| 7 | Kinross Gold KGC | 2.1 M | $59.5M | 6.84% | −18% |
| 8 | Five Below FIVE | 265,234 | $50.0M | 5.75% | −14% |
| 9 | Olin OLN | 1.9 M | $40.5M | 4.66% | no change |
| 10 | Valero Energy VLO | 198,658 | $32.3M | 3.72% | no change |
| 11 | Alaska Air Group ALK | 409,282 | $20.6M | 2.37% | +8.1% |
| 12 | Starbucks SBUX | 241,470 | $20.3M | 2.34% | +1.1% |
| 13 | Cummins CMI | 39,774 | $20.3M | 2.33% | no change |
| 14 | Walt Disney DIS | 145,782 | $16.6M | 1.91% | no change |
| 15 | HF Sinclair DINO | 358,527 | $16.5M | 1.90% | no change |
| 16 | Equinor ASA EQNR | 598,385 | $14.1M | 1.63% | +4.3% |
| 17 | Skydance PSKY | 659,061 | $8.8M | 1.02% | no change |
| 18 | Exxon Mobil XOM | 57,556 | $6.9M | 0.80% | no change |
| 19 | Travelers Companies TRV | 19,100 | $5.5M | 0.64% | no change |
| 20 | Merck MRK | 44,443 | $4.7M | 0.54% | no change |
| 21 | Costco Wholesale COST | 3,447 | $3.0M | 0.34% | no change |
| 22 | NXP Semiconductors NXPI | 13,298 | $2.9M | 0.33% | no change |
| 23 | GE Aerospace GE | 9,352 | $2.9M | 0.33% | no change |
| 24 | SPDR Gold Minishares Trust ETF GLDM | 23,979 | $2.0M | 0.24% | +21% |
| 25 | GE Vernova GEV | 1,994 | $1.3M | 0.15% | −42% |
| 26 | American Express AXP | 3,441 | $1.3M | 0.15% | −16% |
| 27 | SEACOR Marine Holdings SMHI | 208,175 | $1.3M | 0.14% | −1.6% |
| 28 | Apple AAPL | 4,140 | $1.1M | 0.13% | no change |
| 29 | Coca-Cola KO | 15,328 | $1.1M | 0.12% | no change |
| 30 | Chevron CVX | 6,389 | $974K | 0.11% | no change |
| 31 | Sprott Asset Management PHYS | 23,869 | $788K | 0.09% | no change |
| 32 | Ovintiv OVV | 16,487 | $646K | 0.07% | no change |
| 33 | GE Healthcare Technologies GEHC | 4,581 | $376K | 0.04% | no change |
| 34 | Synchrony Financial SYF | 4,437 | $370K | 0.04% | no change |
| 35 | Shell SHEL | 4,968 | $365K | 0.04% | no change |
| 36 | iShares 0-3 Month Treasury B ETF SGOV | 3,541 | $355K | 0.04% | −36% |
| 37 | Abrdn Silver ETF Trust SIVR | 4,245 | $287K | 0.03% | new |
| 38 | FLEX FLEX | 4,485 | $271K | 0.03% | −12% |
| 39 | Alphabet GOOGL | 700 | $219K | 0.03% | new |
Positions it closed (1)
- Phillips 66 PSXwas 0.03% · 1,472 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Semper Augustus's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.