Aquamarine Financial (Cayman) Ltd
Annual return '25
+18.6%
SPY '25
+17.7%
Alpha
+0.9ptsvs SPY
Invested
$2.7B
Holdings
16
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 98%. 3 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$BBD
BANCO BRADESCO S A
Q4 2025: Increased +8.1% (137.53M → 148.67M shares)
43.5%
02
$YPF
YPF SOCIEDAD ANONIMA
Q4 2025: Sold 19.1% (12.97M → 10.49M shares)
30.8%
03
$GGAL
GRUPO FINANCIERO GALICIA S.A
Q4 2025: Increased +57.9% (1.33M → 2.09M shares)
8.2%
04
$GGB
GERDAU SA
Q4 2025: Increased +9.7% (17.80M → 19.53M shares)
4.5%
05
$BSBR
BANCO SANTANDER BRASIL S A
Q4 2025: Increased +8.6% (9.00M → 9.77M shares)
4.3%
06
$BMA
BANCO MACRO SA
Q4 2025: Increased +23.8% (456.0k → 564.5k shares)
3.0%
07
$SCO
PROSHARES TR II
Held since at least Q1 2024
2.1%
08
$BBAR
BANCO BBVA ARGENTINA S A
Q4 2025: Increased +103.8% (560.0k → 1.14M shares)
1.5%
09
$CSAN
COSAN S A
Q4 2025: Sold 6.4% (2.24M → 2.10M shares)
0.6%
10
$NU
NU HLDGS LTD
Held since at least Q1 2024
0.5%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 10:37 UTC.