Aquamarine Financial (Cayman) Ltd Long-Term Concentrated

Name: Aquamarine Financial (Cayman) Ltd Q2 2026 13F Filing | 13F Explorer
Creator: Aquamarine Financial (Cayman) Ltd
Published: 2026-08-12

Location: Grand Cayman, Cayman Islands

CIK: 0002104187 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 12, 2026

Total Value: $1.811B (100.0% shares, 0.0% debt)

Holdings (17)

New Positions (1)

PGY PAGAYA TECHNOLOGIES LTD 1.8%

Value $32.32M Shares 1,771,209 Est. Cost $18.25 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PGY	PAGAYA TECHNOLOGIES LTD	1,771,209	$32.32M	1.8%	$18.25	—	CL A NEW	M7S64L123

Increased Positions (9)

YPF YPF SOCIEDAD ANONIMA 31.2%

Value $566M (+35.6%) Shares 12,444,948 (+37.9%) Est. Cost $30.11 Unrealized —

NU NU HLDGS LTD 6.6%

Value $120M (+734.7%) Shares 8,977,636 (+797.8%) Est. Cost $13.80 Unrealized —

GGAL GRUPO FINANCIERO GALICIA S.A 9.7%

Value $176M (+58.9%) Shares 3,515,564 (+48.9%) Est. Cost $42.25 Unrealized —

BBD BANCO BRADESCO S A 35.8%

Value $649M (+10.2%) Shares 186,948,134 (+19.2%) Est. Cost $3.48 Unrealized —

BMA BANCO MACRO S A 4.3%

Value $78.01M (+89.3%) Shares 842,490 (+58.2%) Est. Cost $66.62 Unrealized —

BBAR BANCO BBVA ARGENTINA S A 1.8%

Value $33.36M (+68.1%) Shares 1,701,078 (+37.7%) Est. Cost $15.17 Unrealized —

ORMP ORAMED PHARMACEUTICALS INC 0.7%

Value $12.08M (+68.3%) Shares 2,512,175 (+18.9%) Est. Cost $2.57 Unrealized —

BSBR BANCO SANTANDER BRASIL S A 3.0%

Value $54.57M (-6.3%) Shares 10,394,184 (+5.9%) Est. Cost $5.61 Unrealized —

INVZ INNOVIZ TECHNOLOGIES LTD 0.2%

Value $4.437M (+35.5%) Shares 5,828,949 (+12.6%) Est. Cost $1.01 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
YPF	YPF SOCIEDAD ANONIMA	12,444,948 (+37.9%)	$566M (+35.6%)	31.2%	$30.11	—	SPON ADR CL D	984245100
NU	NU HLDGS LTD	8,977,636 (+797.8%)	$120M (+734.7%)	6.6%	$13.80	—	ORD SHS CL A	G6683N103
GGAL	GRUPO FINANCIERO GALICIA S.A	3,515,564 (+48.9%)	$176M (+58.9%)	9.7%	$42.25	—	SPONSORED ADR	399909100
BBD	BANCO BRADESCO S A	186,948,134 (+19.2%)	$649M (+10.2%)	35.8%	$3.48	—	SP ADR PFD NEW	059460303
BMA	BANCO MACRO S A	842,490 (+58.2%)	$78.01M (+89.3%)	4.3%	$66.62	—	SPON ADR B	05961W105
BBAR	BANCO BBVA ARGENTINA S A	1,701,078 (+37.7%)	$33.36M (+68.1%)	1.8%	$15.17	—	SPONSORED ADS	058934100
ORMP	ORAMED PHARMACEUTICALS INC	2,512,175 (+18.9%)	$12.08M (+68.3%)	0.7%	$2.57	—	COM NEW	68403P203
BSBR	BANCO SANTANDER BRASIL S A	10,394,184 (+5.9%)	$54.57M (-6.3%)	3.0%	$5.61	—	ADS REP 1 UNIT	05967A107
INVZ	INNOVIZ TECHNOLOGIES LTD	5,828,949 (+12.6%)	$4.437M (+35.5%)	0.2%	$1.01	—	SHS	M5R635108

Exited Positions (1)

SCO PROSHARES TR II 1.6%

Value $28.29M Shares 3,400,000 Est. Cost $8.32 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SCO	PROSHARES TR II	3,400,000	$28.29M	1.6%	$8.32	—	—	74347Y797

Unchanged Positions (7)

GGB GERDAU SA 3.7%

Value $67.57M Shares 16,726,171 Est. Cost $3.15 Unrealized —

DRTS ALPHA TAU MEDICAL LTD 0.5%

Value $9.076M Shares 721,501 Est. Cost $7.06 Unrealized —

CSAN COSAN S A 0.3%

Value $6.039M Shares 2,096,904 Est. Cost $4.60 Unrealized —

PLSM PULSENMORE LTD 0.1%

Value $1.952M Shares 338,541 Est. Cost $3.48 Unrealized —

TGS TRANSPORTADORA DE GAS DEL SU 0.0%

Value $883K Shares 29,696 Est. Cost $21.03 Unrealized —

CEPU CENTRAL PUERTO S A 0.0%

Value $287K Shares 19,314 Est. Cost $8.01 Unrealized —

VLN/WS VALENS SEMICONDUCTOR LTD 0.0%

Value $15,670 Shares 559,653 Est. Cost $0.02 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GGB	GERDAU SA	16,726,171	$67.57M	3.7%	$3.15	—	SPON ADR REP PFD	373737105
DRTS	ALPHA TAU MEDICAL LTD	721,501	$9.076M	0.5%	$7.06	—	ORDINARY SHARES	M0740A108
CSAN	COSAN S A	2,096,904	$6.039M	0.3%	$4.60	—	ADS	22113B103
PLSM	PULSENMORE LTD	338,541	$1.952M	0.1%	$3.48	—	ORD SHS	M8S7C5117
TGS	TRANSPORTADORA DE GAS DEL SU	29,696	$883K	0.0%	$21.03	—	SPONSORED ADS B	893870204
CEPU	CENTRAL PUERTO S A	19,314	$287K	0.0%	$8.01	—	SPONSORED ADR	155038201
VLN/WS	VALENS SEMICONDUCTOR LTD	559,653	$15,670	0.0%	$0.02	—	*W EXP 09/30/202	M9607U107