Aquamarine Financial (Cayman)
Grand Cayman, E9files as Aquamarine Financial (Cayman) Ltd
$1.8bn in 17 US stocks at the end of 30 June 2026. The top 10 are 98.7% of the money. It changed about 11.6% of the portfolio this quarter.
Value
$1.8bn
Stocks
17
Top 10 share
98.7%
Turnover
11.6%
What changed this quarter
New
Bought for the first time this quarter.
- Pagaya TechnologiesPGY1.8% of the fund
Added
Bought more of a stock they already held.
- Banco Bradesco S ABBD35.8% of the fund+19%
- YPF Sociedad AnonimaYPF31.2% of the fund+38%
- Grupo Financiero Galicia S.AGGAL9.7% of the fund+49%
- Nu HoldingsNU6.6% of the fund+798%
- Macro BankBMA4.3% of the fund+58%
- Banco Santander Brasil S ABSBR3.0% of the fund+6%
- Banco BBVA ArgentinaBBAR1.8% of the fund+38%
- Oramed PharmaceuticalsORMP0.7% of the fund+19%
- Innoviz TechnologiesINVZ0.2% of the fund+13%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
- Proshares TR II-100%
Holdings
- Banco Bradesco S ABBD
- Share
- 35.8%
- Value
- $649m
- Shares
- 186,948,134
+19%
- Grupo Financiero Galicia S.AGGAL
- Share
- 9.7%
- Value
- $176m
- Shares
- 3,515,564
+49%
- Banco Santander Brasil S ABSBR
- Share
- 3.0%
- Value
- $55m
- Shares
- 10,394,184
+6%
- Cosan S ACSANY
- Share
- 0.3%
- Value
- $6m
- Shares
- 2,096,904
Held
- Central Puerto S ACEPU
- Share
- <0.1%
- Value
- $287,006
- Shares
- 19,314
Held
- Valens SemiconductorVLNWF
- Share
- <0.1%
- Value
- $15,670
- Shares
- 559,653
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Banco Bradesco S ABBD | 35.8% | $649m | 186,948,134 | +19% |
| YPF Sociedad AnonimaYPF | 31.2% | $566m | 12,444,948 | +38% |
| Grupo Financiero Galicia S.AGGAL | 9.7% | $176m | 3,515,564 | +49% |
| Nu HoldingsNU | 6.6% | $120m | 8,977,636 | +798% |
| Macro BankBMA | 4.3% | $78m | 842,490 | +58% |
| GerdauGGB | 3.7% | $68m | 16,726,171 | Held |
| Banco Santander Brasil S ABSBR | 3.0% | $55m | 10,394,184 | +6% |
| Banco BBVA ArgentinaBBAR | 1.8% | $33m | 1,701,078 | +38% |
| Pagaya TechnologiesPGY | 1.8% | $32m | 1,771,209 | New |
| Oramed PharmaceuticalsORMP | 0.7% | $12m | 2,512,175 | +19% |
| Alpha Tau MedicalDRTS | 0.5% | $9m | 721,501 | Held |
| Cosan S ACSANY | 0.3% | $6m | 2,096,904 | Held |
| Innoviz TechnologiesINVZ | 0.2% | $4m | 5,828,949 | +13% |
| PulsenmorePLSM | 0.1% | $2m | 338,541 | Held |
| Gas Transporter of the SouthTGS | <0.1% | $882,862 | 29,696 | Held |
| Central Puerto S ACEPU | <0.1% | $287,006 | 19,314 | Held |
| Valens SemiconductorVLNWF | <0.1% | $15,670 | 559,653 | Held |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 85.8% since 30 September 2025.
Where the money is
Energy31.2%
Financial services14.6%
Materials3.7%
Health care1.3%
Retail & consumer0.2%
Utilities0.0%
Other48.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.