Aquamarine Financial (Cayman) Ltd 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Aquamarine Financial (Cayman) Ltd disclosed 11 US equity positions worth $974.7m in its Q3 2025 13F filing. The largest position was BBD at 49.0% of the reported book, followed by YPF and GGB.
What did Aquamarine Financial (Cayman) Ltd own in Q3 2025? Top 11 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs prior |
|---|---|---|---|---|---|---|---|
| 1 | BBD BANCO BRADESCO S A | Financial Services | 49.0% | $477.1m | 137,533,653 | – | |
| 2 | YPF YPF SOCIEDAD ANONIMA | Energy | 32.3% | $315.1m | 12,973,695 | – | |
| 3 | GGB GERDAU SA | Basic Materials | 5.7% | $55.2m | 17,801,228 | – | |
| 4 | BSBR BANCO SANTANDER BRASIL S A | Financial Services | 5.2% | $50.3m | 8,995,322 | – | |
| 5 | GGAL GRUPO FINANCIERO GALICIA S.A | Financial Services | 3.8% | $36.7m | 1,325,000 | – | |
| 6 | BMA BANCO MACRO SA | Financial Services | 2.0% | $19.3m | 455,961 | – | |
| 7 | CSAN COSAN S A | Energy | 1.1% | $10.3m | 2,241,053 | – | |
| 8 | ORMP ORAMED PHARMACEUTICALS INC | 0.5% | $5.2m | 1,973,057 | – | ||
| 9 | BBAR BANCO BBVA ARGENTINA S A | 0.5% | $4.7m | 560,000 | – | ||
| 10 | TGS TRANSPORTADORA DE GAS SUR | Energy | 0.1% | $624.5k | 29,696 | – | |
| 11 | CEPU CENTRAL PUERTO S A | 0.0% | $154.7k | 19,314 | – |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.