# EDGAR Filing Document

**Accession Number:** 0001115373
**File Stem:** 0001172661-25-005018
**Filing Date:** 2025-11
**Character Count:** 7511
**Document Hash:** 48f1e8bf4c9aced23c4ca07a495294ff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-005018.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001172661-25-005018

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEMPER AUGUSTUS INVESTMENTS GROUP LLC
- **CENTRAL INDEX KEY:** 0001115373

**ORGANIZATION NAME:**
- **EIN:** 841475899
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12692
- **FILM NUMBER:** 251485432

**BUSINESS ADDRESS:**
- **STREET 1:** 200 PLAZA DRIVE
- **STREET 2:** SUITE 240
- **CITY:** HIGHLANDS RANCH
- **STATE:** CO
- **ZIP:** 80129
- **BUSINESS PHONE:** 3038931214

**MAIL ADDRESS:**
- **STREET 1:** 200 PLAZA DRIVE
- **STREET 2:** SUITE 240
- **CITY:** HIGHLANDS RANCH
- **STATE:** CO
- **ZIP:** 80129

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** SEMPER AUGUSTUS INVESTMENTS GROUP LLC<br>**Address:** 200 Plaza Drive<br>Suite 240<br>Highlands Ranch, CO 80129

**Form 13F File Number:** 028-12692

**CRD Number (if applicable):** 000108153

**SEC File Number (if applicable):** 801-55966

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Chad S. Christensen<br>**Title:** Vice President/Partner<br>**Phone:** 303-893-1214

**Signature, Place, and Date of Signing:**

/s/ Chad S. Christensen  Highlands Ranch, CO  11-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 38

**Form 13F Information Table Value Total:** $801166442

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 18846260 | 378591 | SH |  | SOLE |  | 378591 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1363849 | 4106 | SH |  | SOLE |  | 4106 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1054168 | 4140 | SH |  | SOLE |  | 4140 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 125805155 | 250239 | SH |  | SOLE |  | 250239 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 87487200 | 116 | SH |  | SOLE |  | 116 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 992148 | 6389 | SH |  | SOLE |  | 6389 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 1016553 | 15328 | SH |  | SOLE |  | 15328 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 3179539 | 3435 | SH |  | SOLE |  | 3435 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 16867768 | 39936 | SH |  | SOLE |  | 39936 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 37997632 | 374841 | SH |  | SOLE |  | 374841 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 16663816 | 145536 | SH |  | SOLE |  | 145536 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 95684075 | 925826 | SH |  | SOLE |  | 925826 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 47671666 | 505157 | SH |  | SOLE |  | 505157 | 0 | 0 |
| EQUINOR ASA | SPONSORED ADR | 29446M102 |  | 13987562 | 573731 | SH |  | SOLE |  | 573731 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 6521460 | 57840 | SH |  | SOLE |  | 57840 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 |  | 47700353 | 308341 | SH |  | SOLE |  | 308341 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 295067 | 5090 | SH |  | SOLE |  | 5090 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 2813269 | 9352 | SH |  | SOLE |  | 9352 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 344033 | 4581 | SH |  | SOLE |  | 4581 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 2112796 | 3436 | SH |  | SOLE |  | 3436 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 18670308 | 356712 | SH |  | SOLE |  | 356712 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 560396 | 5565 | SH |  | SOLE |  | 5565 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 64355412 | 2589755 | SH |  | SOLE |  | 2589755 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 3730101 | 44443 | SH |  | SOLE |  | 44443 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 57179658 | 678207 | SH |  | SOLE |  | 678207 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 3050216 | 13394 | SH |  | SOLE |  | 13394 | 0 | 0 |
| OLIN CORP | COM PAR $1 | 680665205 |  | 48086879 | 1924245 | SH |  | SOLE |  | 1924245 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 |  | 665745 | 16487 | SH |  | SOLE |  | 16487 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 |  | 12473652 | 659284 | SH |  | SOLE |  | 659284 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 200221 | 1472 | SH |  | SOLE |  | 1472 | 0 | 0 |
| SEACOR MARINE HLDGS INC | COM | 78413P101 |  | 1372505 | 211480 | SH |  | SOLE |  | 211480 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 355361 | 4968 | SH |  | SOLE |  | 4968 | 0 | 0 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD TR | 85207H104 |  | 707000 | 23869 | SH |  | SOLE |  | 23869 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 20216115 | 238961 | SH |  | SOLE |  | 238961 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 315249 | 4437 | SH |  | SOLE |  | 4437 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 5333102 | 19100 | SH |  | SOLE |  | 19100 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 33971550 | 199527 | SH |  | SOLE |  | 199527 | 0 | 0 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 1518603 | 19864 | SH |  | SOLE |  | 19864 | 0 | 0 |

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