Aquamarine Financial (Cayman) Ltd — 13F Holdings & Portfolio
CIK 2104187 · latest 13F-HR filed 2026-08-12
Aquamarine Financial (Cayman) Ltd manages $1.81B in 13F-reported U.S. long-equity assets across 17 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are BBD (35.83%), YPF (31.24%), GGAL (9.71%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 1 new position, exited 1, added to 12, and trimmed 4.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
23 LIME TREE BAY AVENUE
GRAND CAYMAN KY1-1002
$1.81B
Long-equity book
17
Distinct positions
2026-06-30
Filed 2026-08-12
+1 / −1 / ↑12 / ↓4
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- YPF SOCIEDAD ANONIMA$148.7M +35.6%
- NU HLDGS LTD$105.6M +734.7%
- GRUPO FINANCIERO GALICIA S.A$65.2M +58.9%
- BANCO BRADESCO S A$60.3M +10.2%
- BANCO MACRO S A$36.8M +89.3%
Top Trims
- BANCO SANTANDER BRASIL S A-$3.7M -6.3%
- COSAN S A-$2.6M -30.1%
- TRANSPORTADORA DE GAS DEL SU-$144.9K -14.1%
- CENTRAL PUERTO S A-$38.0K -11.7%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | BANCO BRADESCO S A | BBD | 059460303 | $649.0M | 35.83% | 186,948,134 | SH |
| 2 | YPF SOCIEDAD ANONIMA | YPF | 984245100 | $565.9M | 31.24% | 12,444,948 | SH |
| 3 | GRUPO FINANCIERO GALICIA S.A | GGAL | 399909100 | $175.9M | 9.71% | 3,515,564 | SH |
| 4 | NU HLDGS LTD | NU | G6683N103 | $119.9M | 6.62% | 8,977,636 | SH |
| 5 | BANCO MACRO S A | BMA | 05961W105 | $78.0M | 4.31% | 842,490 | SH |
| 6 | GERDAU SA | GGB | 373737105 | $67.6M | 3.73% | 16,726,171 | SH |
| 7 | BANCO SANTANDER BRASIL S A | BSBR | 05967A107 | $54.6M | 3.01% | 10,394,184 | SH |
| 8 | BANCO BBVA ARGENTINA S A | BBAR | 058934100 | $33.4M | 1.84% | 1,701,078 | SH |
| 9 | PAGAYA TECHNOLOGIES LTD | PGY | M7S64L123 | $32.3M | 1.78% | 1,771,209 | SH |
| 10 | ORAMED PHARMACEUTICALS INC | ORMP | 68403P203 | $12.1M | 0.67% | 2,512,175 | SH |
| 11 | ALPHA TAU MEDICAL LTD | DRTS | M0740A108 | $9.1M | 0.50% | 721,501 | SH |
| 12 | COSAN S A | CSAN | 22113B103 | $6.0M | 0.33% | 2,096,904 | SH |
| 13 | INNOVIZ TECHNOLOGIES LTD | INVZ | M5R635108 | $4.4M | 0.24% | 5,828,949 | SH |
| 14 | PULSENMORE LTD | PLSM | M8S7C5117 | $2.0M | 0.11% | 338,541 | SH |
| 15 | TRANSPORTADORA DE GAS DEL SU | TGS | 893870204 | $882.9K | 0.05% | 29,696 | SH |
| 16 | CENTRAL PUERTO S A | CEPU | 155038201 | $287.0K | 0.02% | 19,314 | SH |
| 17 | VALENS SEMICONDUCTOR LTD | VLN | M9607U107 | $15.7K | 0.00% | 559,653 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-12 | $1.81B | 17 | 0001493152-26-037413 |
| 2026-03-31 | 2026-05-15 | $1.37B | 17 | 0001493152-26-023398 |
| 2025-12-31 | 2026-01-28 | $1.23B | 13 | 0001493152-26-004011 |
| 2025-09-30 | 2026-01-12 | $974.7M | 11 | 0001493152-26-001866 |