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Aquamarine Financial’s Gerdau GGB Stock Holding History

Aquamarine Financial’s Portfolio GGB Stock Details GGB Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$60.4M Sell
16,726,171
-2,800,000
-14% -$11M 4.42% 4
2025
Q4 		$72.1M Buy
19,526,171
+1,724,943
+10% +$6.03M 5.87% 4
2025
Q3 		$55.2M Buy
+17,801,228
New +$53.9M 5.66% 3

Other funds holding GGB

Capital World Investors
Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return
Two Sigma Investments
Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return
DSC
Donald Smith & Co New York $5.56B AUM 47.13% 1-Year Est. Return
CCM
Contrarian Capital Management Greenwich, Connecticut $357M AUM 18.27% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
Acadian Asset Management
Acadian Asset Management Boston, Massachusetts $70.5B AUM 36% 1-Year Est. Return
Dimensional Fund Advisors
Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return
Renaissance Technologies
Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Aquamarine Financial's GGB Position: Q1 2026 in Review

Aquamarine Financial reduced its Gerdau (GGB) stake by 14% in Q1 2026, selling an estimated $11M and leaving 16,726,171 shares worth $60.4M. The position accounts for 4.42% of the portfolio, ranked #4.

Aquamarine Financial first reported a position in GGB in Q3 2025 and has held it in 3 quarters since. The position peaked at $72.1M in Q4 2025. 193 funds tracked by Wall St. Rank hold GGB as of Q1 2026.

  • Aquamarine Financial held 16,726,171 shares of Gerdau worth $60.4M as of Q1 2026.
  • Aquamarine Financial sold 2,800,000 Gerdau shares in Q1 2026, an estimated $11M.
  • Gerdau made up 4.42% of Aquamarine Financial's portfolio in Q1 2026, its #4 holding.
  • Aquamarine Financial first reported a position in Gerdau in Q3 2025 and has held it in 3 quarters since.
  • Aquamarine Financial's Gerdau position peaked at $72.1M in Q4 2025.
  • 193 funds tracked by Wall St. Rank held Gerdau as of Q1 2026.

Based on Aquamarine Financial's 13F filing for Q1 2026, filed 15 May 2026.