Aquamarine Financial (Cayman) Ltd
CIK
2104187
Location
Grand Cayman, E9
Portfolio Value
Mid
$1,320,791,432
Diversification
Highly concentrated
Filing Date
Global Rank
#1,272
/ 8,232
▲ 186
Top Industry
Banks - Regional
61.8%
3Y Alpha vs SPY
+9.4%
Period ended 2 months ago
Filed May 15, 2026 · 29d
3 quarters · since Sep 2025
Clone Performance
Nov 2025–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+16.0%
SPY
+11.0%
Annualised alpha
+9.4%
Max drawdown
−13.3%
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
15 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
43.3%
+2.3 pts
Top 5
92.3%
−0.5 pts
Top 10
99.2%
−0.8 pts
HHI
3,001
Highly concentrated+156
Portfolio Trend
3 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 61.8% | $816,405,475 |
| Energy | 32.3% | $426,879,940 |
| Basic Materials | 4.6% | $60,381,477 |
| Healthcare | 1.0% | $13,522,270 |
| Consumer Cyclical | 0.2% | $3,277,216 |
| Utilities | 0.0% | $325,054 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BBD | Bank Bradesco | +8,177,336 | 156,848,134 | $572,495,689 | |
| INVZ | Innoviz Technologies Ltd. | +5,000,000 | 5,177,278 | $3,277,216 | |
| GGAL | Grupo Financiero Galicia SA | +268,673 | 2,360,982 | $110,281,469 | |
| ORMP | Oramed Pharmaceuticals Inc. | +139,255 | 2,112,312 | $7,181,860 | |
| BBAR | Banco BBVA Argentina S.A. | +94,017 | 1,235,322 | $19,839,271 | |
| BSBR | Banco Santander (Brasil) S.A. | +47,603 | 9,817,925 | $58,220,295 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
15 positions ·
$1,320,791,432 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| BBD |
Bank Bradesco
Financial Services
|
Added | 156,848,134 | $572,495,689 | 43.34% | |
| YPF |
Ypf Sociedad Anonima
Energy
|
Reduced | 9,026,675 | $417,212,918 | 31.59% | |
| GGAL |
Grupo Financiero Galicia SA
Financial Services
|
Added | 2,360,982 | $110,281,469 | 8.35% | |
| GGB |
Gerdau S.A.
Basic Materials
|
Reduced | 16,726,171 | $60,381,477 | 4.57% | |
| BSBR |
Banco Santander (Brasil) S.A.
Financial Services
|
Added | 9,817,925 | $58,220,295 | 4.41% | |
| BMA |
Macro Bank Inc.
Financial Services
|
Reduced | 532,490 | $41,198,751 | 3.12% | |
| BBAR |
Banco BBVA Argentina S.A.
Financial Services
|
Added | 1,235,322 | $19,839,271 | 1.50% | |
| NU |
Nu Holdings Ltd.
Financial Services
|
NEW | 1,000,000 | $14,370,000 | 1.09% | |
| CSAN |
Cosan S.A.
Energy
|
Held | 2,096,904 | $8,639,244 | 0.65% | |
| ORMP |
Oramed Pharmaceuticals Inc.
Healthcare
|
Added | 2,112,312 | $7,181,860 | 0.54% | |
| DRTS |
Alpha Tau Medical Ltd.
Healthcare
|
NEW | 721,501 | $5,101,012 | 0.39% | |
| INVZ |
Innoviz Technologies Ltd.
Consumer Cyclical
|
Added | 5,177,278 | $3,277,216 | 0.25% | |
| PLSM |
Pulsenmore Ltd.
Healthcare
|
NEW | 338,541 | $1,239,398 | 0.09% | |
| TGS |
Gas Transporter Of The South Inc
Energy
|
Held | 29,696 | $1,027,778 | 0.08% | |
| CEPU |
Central Puerto S.A.
Utilities
|
Held | 19,314 | $325,054 | 0.02% |