DOSSIER · 13F-HR · Q1 2026

Aquamarine Financial (Cayman) Ltd

Aquamarine Financial (Cayman)'s family office based in New York, NY — $1.4B in tracked AUM across 17 positions as of Q1 2026.

AF

Aquamarine Financial (Cayman)·New York, NY·Family Office

CIK 0002104187 · last filed Mar 31, 2026

Total AUM

$1.4B

▲ 12.8%

vs prior

Holdings

17

—

positions

Whale Score

77

77

strong

Activity

—

no data

changes this Q

Top sector

Financials

6% weight

concentration

AI Analysis · Q1 2026 · Q1 2026

Portfolio Overview

Aquamarine Financial (Cayman) Ltd reports a concentrated portfolio valued at approximately $974.67 million as of September 30, 2025, distributed across a mere 11 holdings. The portfolio exhibits an extremely high conviction strategy, with minimal diversification and significant capital allocation to a select few assets. The top two positions alone—Banco Bradesco and YPF Sociedad Anónima—account for over 81% of the total assets under management. This structure suggests a s...

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight

01

BANCO BRADESCO S A

$589M156.8M43.1%

02

YPF SOCIEDAD ANONIMA

$417M9.0M30.6%

03

GRUPO FINANCIERO GALICIA S.A

$111M2.4M8.1%

04

GERDAU SA

$60M16.7M4.4%

05

BANCO SANTANDER BRASIL S A

$58M9.8M4.3%

06

BANCO MACRO SA

$41M532K3.0%

07

PROSHARES TR II

$28M3.4M2.1%

08

BANCO BBVA ARGENTINA S A

$20M1.2M1.5%

09

NU HLDGS LTD

$14M1.0M1.1%

10

COSAN S A

$9M2.1M0.6%

Filing history

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