Aquamarine Capital Management’s American Express AXP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2022 Q2	$29.1M	Hold	210,000	–	–	17.1%	2
2022 Q1	$39.3M	Hold	210,000	–	–	17.8%	2
2021 Q4	$34.4M	Hold	210,000	–	–	15.79%	2
2021 Q3	$35.2M	Hold	210,000	–	–	17.25%	2
2021 Q2	$34.7M	Hold	210,000	–	–	16.28%	2
2021 Q1	$29.7M	Hold	210,000	–	–	15.52%	3
2020 Q4	$25.4M	Hold	210,000	–	–	14.81%	2
2020 Q3	$21.1M	Hold	210,000	–	–	13.89%	3
2020 Q2	$20M	Hold	210,000	–	–	14.56%	2
2020 Q1	$18M	Sell	210,000 -12,430	-6%	-$1.06M	12.26%	3
2019 Q4	$27.7M	Hold	222,430	–	–	12.74%	4
2019 Q3	$26.3M	Hold	222,430	–	–	13.29%	3
2019 Q2	$27.5M	Hold	222,430	–	–	14.21%	4
2019 Q1	$24.3M	Hold	222,430	–	–	13.41%	4
2018 Q4	$21.2M	Hold	222,430	–	–	11.93%	3
2018 Q3	$23.7M	Sell	222,430 -50,000	-18%	-$5.32M	11.4%	4
2018 Q2	$26.7M	Hold	272,430	–	–	12.56%	3
2018 Q1	$25.4M	Hold	272,430	–	–	12.21%	3
2017 Q4	$27.1M	Hold	272,430	–	–	12.96%	3
2017 Q3	$24.6M	Hold	272,430	–	–	12.51%	3
2017 Q2	$23M	Hold	272,430	–	–	14.01%	2
2017 Q1	$21.6M	Hold	272,430	–	–	13.28%	3
2016 Q4	$20.2M	Hold	272,430	–	–	13.53%	2
2016 Q3	$17.4M	Hold	272,430	–	–	13.9%	2
2016 Q2	$16.6M	Hold	272,430	–	–	14.93%	2
2016 Q1	$16.7M	Hold	272,430	–	–	14.2%	2
2015 Q4	$18.9M	Hold	272,430	–	–	15.14%	2
2015 Q3	$20.2M	Hold	272,430	–	–	16.83%	2
2015 Q2	$21.2M	Hold	272,430	–	–	14.75%	2
2015 Q1	$21.3M	Hold	272,430	–	–	14.05%	2
2014 Q4	$25.3M	Buy	+272,430	New	+$25.3M	16.79%	1