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AF
Aquamarine Financial Portfolio holdings
AUM
$1.81B
1-Year Est. Return
38.21%
This Fund
S&P 500
This Quarter
Est. Return
+0.97%
1 Year Est. Return
+38.21%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.81B
AUM Growth
+$446M
(+33%)
Cap. Flow
+$468M
Cap. Flow
% of AUM
25.83%
Top 10 Holdings %
Top 10 Hldgs %
98.75%
Holding
18
New
1
Increased
9
Reduced
–
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
YPF Sociedad Anonima ADS
YPF
|
+$160M |
| 2 |
Banco Bradesco
BBD
|
+$110M |
| 3 |
Nu Holdings
NU
|
+$108M |
| 4 |
Galicia Financial Group
GGAL
|
+$54.3M |
| 5 |
Banco Macro
BMA
|
+$25.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ProShares UltraShort Bloomberg Crude Oil
SCO
|
+$28.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 61.32% |
| 2 | Energy | 31.62% |
| 3 | Materials | 3.73% |
| 4 | Technology | 1.78% |
| 5 | Healthcare | 1.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Banco Bradesco
BBD
$37B
| $649M | 35.83% |
186,948,134
+30,100,000
| +19% | +$110M |
|
|
2
YPF Sociedad Anonima ADS
YPF
$22.6B
| $566M | 31.24% |
12,444,948
+3,418,273
| +38% | +$160M |
|
|
3
Galicia Financial Group
GGAL
$6.77B
| $176M | 9.71% |
3,515,564
+1,154,582
| +49% | +$54.3M |
|
|
4
Nu Holdings
NU
$68.5B
| $120M | 6.62% |
8,977,636
+7,977,636
| +798% | +$108M |
|
|
5
Banco Macro
BMA
$4.86B
| $78M | 4.31% |
842,490
+310,000
| +58% | +$25.4M |
|
6
Gerdau
GGB
$9.93B
| $67.6M | 3.73% |
16,726,171
| – | – |
|
7
Santander
BSBR
$43.9B
| $54.6M | 3.01% |
10,394,184
+576,259
| +6% | +$3.27M |
|
8
BBVA Argentina
BBAR
$2.97B
| $33.4M | 1.84% |
1,701,078
+465,756
| +38% | +$7.84M |
|
9
Pagaya Technologies
PGY
$1.76B
| $32.3M | 1.78% |
+1,771,209
| New | +$25.1M |
|
10
Oramed Pharmaceuticals
ORMP
$192M
| $12.1M | 0.67% |
2,512,175
+399,863
| +19% | +$1.59M |
|
11
Alpha Tau Medical
DRTS
$1.38B
| $9.08M | 0.5% |
721,501
| – | – |
|
12
Cosan
CSAN
$2.64B
| $6.04M | 0.33% |
2,096,904
| – | – |
|
13
Innoviz Technologies
INVZ
$90.4M
| $4.44M | 0.25% |
5,828,949
+651,671
| +13% | +$446K |
|
|
PLSM
14
Pulsenmore Ltd
PLSM
$15.7M
| $1.95M | 0.11% |
338,541
| – | – |
|
15
Transportadora de Gas del Sur
TGS
$4.47B
| $883K | 0.05% |
29,696
| – | – |
|
|
CEPU
16
Central Puerto
CEPU
$2.07B
| $287K | 0.02% |
19,314
| – | – |
|
|
VLN.WS
17
DELISTED
Valens Semiconductor Ltd Warrants
VLN.WS
| $15.7K | ﹤0.01% |
559,653
| – | – |
|
|
18
ProShares UltraShort Bloomberg Crude Oil
SCO
$850M
| – | – |
-850,000
| Closed | -$28.3M |
|
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Aquamarine Financial's Q2 2026 Portfolio in Review
As of Q2 2026, Aquamarine Financial held 18 positions worth $1.81B, up 33% from $1.37B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Aquamarine Financial deployed $468M of net new capital in Q2 2026, opening 1 new position and adding to 9 existing holdings. Its largest new stake was Pagaya Technologies: 1,771,209 shares worth $32.3M.
By sector, the portfolio is most concentrated in Financials at 61% of assets, up from 61% a quarter earlier, followed by Energy and Materials.
On the sell side, the most notable exit was ProShares UltraShort Bloomberg Crude Oil, an estimated $28.3M sold.
- Aquamarine Financial's largest Q2 2026 buy was Pagaya Technologies: 1,771,209 shares worth $32.3M.
- Aquamarine Financial added most to YPF Sociedad Anonima ADS in Q2 2026, an estimated $160M increase.
- Aquamarine Financial fully exited ProShares UltraShort Bloomberg Crude Oil in Q2 2026, selling an estimated $28.3M.
- Aquamarine Financial's ten largest holdings make up 99% of its $1.81B portfolio in Q2 2026.
- Aquamarine Financial opened 1 new position and closed 1 in Q2 2026.
- Aquamarine Financial's portfolio value rose 33% quarter-over-quarter to $1.81B.
Based on Aquamarine Financial's 13F filing for Q2 2026, filed 12 Aug 2026.