Christopher Bloomstran
Semper Augustus
Christopher Bloomstran (Semper Augustus) discloses a $837M portfolio across 44 US-listed positions in the latest 13F filing (2026Q1, filed May 15, 2026). The largest holding is BRK/B at 14.5% of the book. The biggest move of the quarter: trimmed the DG share count by 30% (position now $77M). Latticework's clone backtest puts this 13F book at -0.9%/yr vs SPY over 12.0 years.
About Christopher Bloomstran
Christopher Bloomstran runs Semper Augustus Investments Group, a Colorado-based concentrated value manager whose public reputation rests largely on his exhaustive annual letters — documents that routinely run to triple-digit page counts and function as graduate-level seminars on Berkshire Hathaway's intrinsic value. His 13F reflects that orientation directly: Berkshire common shares across both share classes account for roughly 24% of the disclosed U.S. equity book as of the latest filing, alongside a small number of other deep-value positions in names like Dollar General, Deckers, and Alaska Air. The portfolio is genuinely concentrated — top-five positions approach 49% — which is consistent with his stated conviction-weighted approach rather than closet indexing. Readers should note that 13F filings capture only long U.S. equity exposure; Bloomstran has written publicly about using options and maintaining cash reserves, neither of which appears in the filing, so the disclosed book is an incomplete picture of actual risk positioning.
2026Q1 brief
Christopher Bloomstran's Semper Augustus ($840M, 44 positions) made its most aggressive single move in years, more than quintupling ALK (Alaska Air) to 7.4% of the portfolio — a 314% add that vaults it to the fifth-largest holding. That mirrors his contrarian value instincts: airlines trading at distressed multiples while broader markets remain elevated. On the other side, Bloomstran trimmed his precious-metals complex materially, cutting NEM by 28% (still 6.2%), KGC by 29% (5.5%), and exiting OVV entirely — a notable partial retreat from the commodity-inflation thesis even as gold prices remained elevated. Discount retail also saw pressure: DG was trimmed ~30% to 9.2% and FIVE cut 27% to 5.3%, possibly reflecting deteriorating consumer fundamentals at the low end. New initiations — BLDR (2.2%), MA (0.04%), PM, NFLX, PSX — are mostly starter positions. Combined BRK/A + BRK/B remains the anchor at ~24.4%. Watch whether the gold/royalty complex continues to shrink in Q2 or stabilizes, and whether ALK gets further built into a top-three position.
AI-generated. Not investment advice.
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Holdings (44) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | BRK/B | 14.5% | $121M | |||
| 2 | BRK/A | 9.9% | $83M | |||
| 3 | DG | 9.2% | $77M | |||
| 4 | DECK | 7.9% | $66M | |||
| 5 | ALK | 7.4% | $62M | |||
| 6 | OLN | 7.2% | $60M | |||
| 7 | DLTR | 6.7% | $56M | |||
| 8 | NEM | 6.2% | $52M | |||
| 9 | KGC | 5.5% | $46M | |||
| 10 | FIVE | 5.3% | $44M | |||
| 11 | SBUX | 2.7% | $23M | |||
| 12 | DINO | 2.7% | $23M | |||
| 13 | CMI | 2.5% | $21M | |||
| 14 | BLDR | 2.2% | $19M | |||
| 15 | DIS | 1.8% | $15M | |||
| 16 | VLO | 1.3% | $11M | |||
| 17 | XOM | 1.2% | $10M | |||
| 18 | EQNR | 0.9% | $7M | |||
| 19 | PSKY | 0.7% | $6M | |||
| 20 | TRV | 0.7% | $6M | |||
| 21 | MRK | 0.6% | $5M | |||
| 22 | COST | 0.4% | $3M | |||
| 23 | GE | 0.3% | $3M | |||
| 24 | NXPI | 0.3% | $3M | |||
| 25 | GLDM | 0.3% | $2M | |||
| 26 | GEV | 0.2% | $2M | |||
| 27 | SMHI | 0.2% | $1M | |||
| 28 | CVX | 0.1% | $1M | |||
| 29 | KO | 0.1% | $1M | |||
| 30 | AAPL | 0.1% | $1M | |||
| 31 | AXP | 0.1% | $1M | |||
| 32 | SGOV | 0.1% | $998K | |||
| 33 | PHYS | 0.1% | $846K | |||
| 34 | GOOG | 0.1% | $698K | |||
| 35 | SHEL | 0.1% | $462K | |||
| 36 | MA | <0.1% | $329K | |||
| 37 | GEHC | <0.1% | $326K | |||
| 38 | SIVR | <0.1% | $304K | |||
| 39 | SYF | <0.1% | $302K | |||
| 40 | Y2573F102 | <0.1% | $294K | |||
| 41 | PM | <0.1% | $291K | |||
| 42 | NFLX | <0.1% | $287K | |||
| 43 | PSX | <0.1% | $268K | |||
| 44 | GOOGL | <0.1% | $201K |
- port14.5%val$121MBerkshire Hathaway Inc-cl Bthis Q hold·40q
- port9.9%val$83MBerkshire Hathaway Inc-cl Athis Q hold·40q
- 3DGport9.2%val$77MDollar General Corpthis Q -30%·37q
- 4DECKport7.9%val$66MDeckers Outdoor Corpthis Q hold·4q
- 5ALKport7.4%val$62MAlaska Air Group Incthis Q +314%·25q
- 6OLNport7.2%val$60MOlin Corpthis Q hold·27q
- 7DLTRport6.7%val$56MDollar Tree Incthis Q hold·19q
- 8NEMport6.2%val$52MNewmont Corpthis Q -28%·40q
- 9KGCport5.5%val$46MKinross Gold Corpthis Q -29%·40q
- 10FIVEport5.3%val$44MFive Belowthis Q -27%·8q
- 11SBUXport2.7%val$23MStarbucks Corpthis Q hold·32q
- 12DINOport2.7%val$23MHF Sinclair Corpthis Q hold·17q
- 13CMIport2.5%val$21MCummins Incthis Q hold·31q
- 14BLDRport2.2%val$19MBuilders Firstsource Incthis Q New·—1q
- 15DISport1.8%val$15MWalt Disney Co/thethis Q hold·32q
- 16VLOport1.3%val$11MValero Energy Corpthis Q -78%·22q
- 17XOMport1.2%val$10MExxon Mobil Corpthis Q hold·40q
- 18EQNRport0.9%val$7MEquinor Asa-spon Adrthis Q -71%·32q
- 19PSKYport0.7%val$6MParamount Skydance CL Bthis Q hold·3q
- 20TRVport0.7%val$6MTravelers Cos Inc/thethis Q hold·40q
- 21MRKport0.6%val$5MMerck & Co. Inc.this Q hold·40q
- 22COSTport0.4%val$3MCostco Wholesale Corpthis Q hold·40q
- 23GEport0.3%val$3MGeneral Electricthis Q hold·19q
- 24NXPIport0.3%val$3MNxp Semiconductors N Vthis Q hold·31q
- 25GLDMport0.3%val$2MSpdr Gold Minishares Trustthis Q hold·7q
- 26GEVport0.2%val$2MGE Vernova Incthis Q hold·8q
- 27SMHIport0.2%val$1MSeacor Marine Holdings Incthis Q hold·36q
- 28CVXport0.1%val$1MChevron Corpthis Q hold·21q
- 29KOport0.1%val$1MCoca-cola Co/thethis Q hold·40q
- 30AAPLport0.1%val$1MApple Incthis Q hold·15q
- 31AXPport0.1%val$1MAmerican Express COthis Q hold·40q
- 32SGOVport0.1%val$998KIshares 0-3 Month Treasury Bthis Q +180%·5q
- 33PHYSport0.1%val$846KSprott Physical Gold Trustthis Q hold·8q
- 34GOOGport0.1%val$698KAlphabet Inc-cl Cthis Q New·—1q
- 35SHELport0.1%val$462KShell Plc-adrthis Q hold·17q
- 36MAport<0.1%val$329KMastercard Inc - Athis Q New·—1q
- 37GEHCport<0.1%val$326KGE Healthcare Technologythis Q hold·13q
- 38SIVRport<0.1%val$304KAbrdn Physical Silver Sharesthis Q hold·2q
- 39SYFport<0.1%val$302KSynchrony Financialthis Q hold·13q
- 40Y2573F102port<0.1%val$294KFlextronics Intl Ltdthis Q hold·4q
- 41PMport<0.1%val$291KPhilip Morris Internationalthis Q New·—1q
- 42NFLXport<0.1%val$287KNetflix Incthis Q New·—1q
- 43PSXport<0.1%val$268KPhillips 66this Q New·4q
- 44GOOGLport<0.1%val$201KAlphabet Inc-cl Athis Q hold·3q
All activity (2026Q1)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| DG | Dollar General Corp | TRIM | 9.2% | -30% | $77M |
| NEM | Newmont Corp | TRIM | 6.2% | -28% | $52M |
| ALK | Alaska Air Group Inc | ADD | 7.4% | +314% | $62M |
| KGC | Kinross Gold Corp | TRIM | 5.5% | -29% | $46M |
| FIVE | Five Below | TRIM | 5.3% | -27% | $44M |
| VLO | Valero Energy Corp | TRIM | 1.3% | -78% | $11M |
| BLDR | Builders Firstsource Inc | NEW | 2.2% | +100% | $19M |
| EQNR | Equinor Asa-spon Adr | TRIM | 0.9% | -71% | $7M |
| SGOV | Ishares 0-3 Month Treasury B | ADD | 0.1% | +180% | $998K |
| GOOG | Alphabet Inc-cl C | NEW | 0.1% | +100% | $698K |
| OVV | Ovintiv Inc | EXIT | 0.1% | -100% | $0 |
| MA | Mastercard Inc - A | NEW | <0.1% | +100% | $329K |
| PM | Philip Morris International | NEW | <0.1% | +100% | $291K |
| NFLX | Netflix Inc | NEW | <0.1% | +100% | $287K |
| PSX | Phillips 66 | NEW | <0.1% | +100% | $268K |
- TRIMDG9.2%Dollar General CorpΔ -30%·$77M
- TRIMNEM6.2%Newmont CorpΔ -28%·$52M
- ADDALK7.4%Alaska Air Group IncΔ +314%·$62M
- TRIMKGC5.5%Kinross Gold CorpΔ -29%·$46M
- TRIMFIVE5.3%Five BelowΔ -27%·$44M
- TRIMVLO1.3%Valero Energy CorpΔ -78%·$11M
- NEWBLDR2.2%Builders Firstsource IncΔ +100%·$19M
- TRIMEQNR0.9%Equinor Asa-spon AdrΔ -71%·$7M
- ADDSGOV0.1%Ishares 0-3 Month Treasury BΔ +180%·$998K
- NEWGOOG0.1%Alphabet Inc-cl CΔ +100%·$698K
- EXITOVV0.1%Ovintiv IncΔ -100%·$0
- NEWMA<0.1%Mastercard Inc - AΔ +100%·$329K
- NEWPM<0.1%Philip Morris InternationalΔ +100%·$291K
- NEWNFLX<0.1%Netflix IncΔ +100%·$287K
- NEWPSX<0.1%Phillips 66Δ +100%·$268K
Frequently asked questions
- What stocks does Christopher Bloomstran own?
- As of 2026Q1, Christopher Bloomstran's 13F discloses 44 positions worth $837M. The top five holdings: BRK/B (14.5%), BRK/A (9.9%), DG (9.2%), DECK (7.9%), ALK (7.4%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Christopher Bloomstran buy this quarter?
- In 2026Q1, the filing shows 6 new positions and 2 additions to existing holdings. The largest positions touched by buying: ALK, BLDR, SGOV, GOOG, MA.
- How big is Christopher Bloomstran's portfolio?
- $837M across 44 positions per the latest 13F (filed May 15, 2026). The top five holdings account for 49% of the disclosed book.
Explore more
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001115373). Not investment advice.