Aquamarine Financial (Cayman) Ltd Long-Term Concentrated

Name: Aquamarine Financial (Cayman) Ltd Q4 2025 13F Filing | 13F Explorer
Creator: Aquamarine Financial (Cayman) Ltd
Published: 2026-01-28

Location: Grand Cayman, Cayman Islands

CIK: 0002104187 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Jan 28, 2026

Total Value: $1.228B (100.0% shares, 0.0% debt)

Holdings (13)

BBD BANCO BRADESCO S A 42.1%

Value $517M Shares 148,670,798 Est. Cost $3.47 Unrealized —

YPF YPF SOCIEDAD ANONIMA 30.9%

Value $379M Shares 10,492,557 Est. Cost $24.29 Unrealized —

GGAL GRUPO FINANCIERO GALICIA S.A 9.2%

Value $113M Shares 2,092,309 Est. Cost $37.37 Unrealized —

GGB GERDAU SA 5.9%

Value $72.05M Shares 19,526,171 Est. Cost $3.15 Unrealized —

BSBR BANCO SANTANDER BRASIL S A 4.9%

Value $59.7M Shares 9,770,322 Est. Cost $5.63 Unrealized —

BMA BANCO MACRO SA 4.1%

Value $50.9M Shares 564,501 Est. Cost $51.49 Unrealized —

BBAR BANCO BBVA ARGENTINA S A 1.7%

Value $20.62M Shares 1,141,305 Est. Cost $13.29 Unrealized —

CSAN COSAN S A 0.7%

Value $8.283M Shares 2,096,904 Est. Cost $4.60 Unrealized —

ORMP ORAMED PHARMACEUTICALS INC 0.5%

Value $5.623M Shares 1,973,057 Est. Cost $2.06 Unrealized +16.7%

TGS TRANSPORTADORA DE GAS SUR 0.1%

Value $923K Shares 29,696 Est. Cost $21.03 Unrealized —

CEPU CENTRAL PUERTO S A 0.0%

Value $338K Shares 19,314 Est. Cost $8.01 Unrealized —

INVZ INNOVIZ TECHNOLOGIES LTD 0.0%

Value $151K Shares 177,278 Est. Cost $1.58 Unrealized 0.0%

VLN/WS VALENS SEMICONDUCTOR LTD 0.0%

Value $13,991 Shares 559,653 Est. Cost $0.02 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BBD	BANCO BRADESCO S A	148,670,798	$517M	42.1%	$3.47	—	SP ADR PFD NEW	059460303
YPF	YPF SOCIEDAD ANONIMA	10,492,557	$379M	30.9%	$24.29	—	SPON ADR CL D	984245100
GGAL	GRUPO FINANCIERO GALICIA S.A	2,092,309	$113M	9.2%	$37.37	—	SPONSORED ADR	399909100
GGB	GERDAU SA	19,526,171	$72.05M	5.9%	$3.15	—	SPON ADR REP PFD	373737105
BSBR	BANCO SANTANDER BRASIL S A	9,770,322	$59.7M	4.9%	$5.63	—	ADS REP 1 UNIT	05967A107
BMA	BANCO MACRO SA	564,501	$50.9M	4.1%	$51.49	—	SPON ADR B	05961W105
BBAR	BANCO BBVA ARGENTINA S A	1,141,305	$20.62M	1.7%	$13.29	—	SPONSORED ADS	058934100
CSAN	COSAN S A	2,096,904	$8.283M	0.7%	$4.60	—	ADS	22113B103
ORMP	ORAMED PHARMACEUTICALS INC	1,973,057	$5.623M	0.5%	$2.06	+16.7%	COM NEW	68403P203
TGS	TRANSPORTADORA DE GAS SUR	29,696	$923K	0.1%	$21.03	—	SPONSORED ADS B	893870204
CEPU	CENTRAL PUERTO S A	19,314	$338K	0.0%	$8.01	—	SPONSORED ADR	155038201
INVZ	INNOVIZ TECHNOLOGIES LTD	177,278	$151K	0.0%	$1.58	0.0%	SHS	M5R635108
VLN/WS	VALENS SEMICONDUCTOR LTD	559,653	$13,991	0.0%	$0.02	—	*W EXP 09/30/202	M9607U107