Aquamarine Financial (Cayman) Ltd

CIK 0002104187 · Q1 2026

13F Equity AUM

$1.4B

+11.2% QoQ

Positions

+4 QoQ

AUM Rank

#2,305

Top 19%

Skill Alpha (FF)

—

Building track record (1q)

Quarters Tracked

~0 years

Portfolio Concentration

Top 5: 90.5%Top 10: 98.7%Top 20: 100.0%

BBD43.1%

YPF30.6%

GGAL8.1%

GGB4.4%

BSBR4.3%

BMA3.0%

SCO2.1%

BFP1.4%

NU1.1%

CSAN0.6%

Others (7)1.3%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services61.6%

Energy31.3%

Basic Materials4.4%

Other2.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 17Median: 1.05%Avg: 5.88%

0–0.5%

6(0.8%)

0.5–1%

2(1.2%)

1–3%

3(4.6%)

3–5%

3(11.7%)

5%+

3(81.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 13Unique: 4vs 20 funds

0.2%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

0.2%

JPMORGAN CHASE & CO

0.1%

BANK OF AMERICA CORP /DE/

0.1%

BlackRock, Inc.

0.1%

VANGUARD CAPITAL MANAGEMENT LLC

0.1%

STATE STREET CORP

0.1%

GEODE CAPITAL MANAGEMENT, LLC

0.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

FMR LLC

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

Loading overlap analysis...

Position Changes This Quarter

New4Increased6Decreased3Exited0

New Positions

SCO2.1%

+3.4M

NU1.1%

+1.0M

DRTSW0.4%

+722K

PULSENMORE LTD0.1%

+339K

Increased

BBD43.1%

+8.2M(+6%)

INVZW0.2%

+5.0M(+2820%)

GGAL8.1%

+269K(+13%)

ORMP0.5%

+139K(+7%)

BFP1.4%

+94K(+8%)

BSBR4.3%

+48K(+0%)

Decreased

GGB4.4%

-2,800,000(-14%)

YPF30.6%

-1,465,882(-14%)

BMA3.0%

-32,011(-6%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...