Aquamarine Capital Management, LLC
CIK
1404599
Location
BOSTON, MA
Portfolio Value
Small
$156,288,396
Diversification
Moderately concentrated
Filing Date
Global Rank
#3,423
/ 6,728
▼ 101
· as of Jun 2022
Top Industry
Credit Services
31.9%
3Y Alpha vs SPY
+17.8%
Period ended 4 years ago
Filed Aug 2, 2022 · 3y
10 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+165.2%
SPY
+76.0%
Annualised alpha
+17.7%
Max drawdown
−18.4%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
11 positions · as of Jun 30, 2022 · Δ vs Mar 31, 2022Top Position
24.6%
−0.1 pts
Top 5
81.1%
+1.0 pts
Top 10
99.9%
−0.0 pts
HHI
1,539
Moderately concentrated−7
Portfolio Trend
10 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2022| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 76.5% | $119,485,826 |
| Consumer Cyclical | 12.8% | $20,078,200 |
| Technology | 9.0% | $14,032,200 |
| Real Estate | 1.7% | $2,605,000 |
| Communication Services | 0.1% | $87,170 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reducedNo qualifying positions this quarter.
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
11 positions ·
$156,288,396 total
· as of Jun 30, 2022
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Held | 140,600 | $38,386,612 | 24.56% | |
| AXP |
American Express Co
Financial Services
|
Held | 210,000 | $29,110,200 | 18.63% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
Held | 767,845 | $23,903,014 | 15.29% | |
| MA |
Mastercard Inc
Financial Services
|
Held | 65,750 | $20,742,810 | 13.27% | |
| RACE |
Ferrari N.V.
Consumer Cyclical
|
Held | 80,000 | $14,678,400 | 9.39% | |
| MU |
Micron Technology Inc
Technology
|
Held | 200,000 | $11,056,000 | 7.07% | |
| MCO |
Moodys Corp /De/
Financial Services
|
Held | 27,000 | $7,343,190 | 4.70% | |
| BABA |
Alibaba Group Holding Ltd
Consumer Cyclical
|
Held | 47,500 | $5,399,800 | 3.46% | |
| DJCO |
Daily Journal Corp
Technology
|
Held | 11,500 | $2,976,200 | 1.90% | |
| SRG |
Seritage Growth Properties
Real Estate
|
Held | 500,000 | $2,605,000 | 1.67% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Held | 800 | $87,170 | 0.06% |