Aquamarine Financial (Cayman) Ltd

Grand Cayman, E9 · CIK 2104187 · 13F filing filed 2026-01-28

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityAQUAMARINE FINANCIAL (CAYMAN) LTD (KY)

Kindhedge funds
FamilyAquamarine Financial (Cayman) Ltd · 2 related pages

$1.2bn reported value +26.0% vs Q3 2025

13positions

100.0%in top 10

2 new 6 added 2 reduced 0 sold out vs Q3 2025

Holdings, Q4 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BANCO BRADESCO S A SP ADR PFD NEW BBD	BBD	148,670,798	$517.1m42.10%	42.10%	Added +11.1m	+11,137,145 8.1%
2	YPF SOCIEDAD ANONIMA SPON ADR CL D YPF	YPF	10,492,557	$379.4m30.89%	30.89%	Reduced -2.5m	-2,481,138 -19.1%
3	GRUPO FINANCIERO GALICIA S.A SPONSORED ADR GGAL	GGAL	2,092,309	$113.1m9.21%	9.21%	Added +767.3k	+767,309 57.9%
4	GERDAU SA SPON ADR REP PFD GGB	GGB	19,526,171	$72.1m5.87%	5.87%	Added +1.7m	+1,724,943 9.7%
5	BANCO SANTANDER BRASIL S A ADS REP 1 UNIT BSBR	BSBR	9,770,322	$59.7m4.86%	4.86%	Added +775.0k	+775,000 8.6%
6	BANCO MACRO SA SPON ADR B BMA	BMA	564,501	$50.9m4.14%	4.14%	Added +108.5k	+108,540 23.8%
7	BANCO BBVA ARGENTINA S A SPONSORED ADS BBAR	BBAR	1,141,305	$20.6m1.68%	1.68%	Added +581.3k	+581,305 103.8%
8	COSAN S A ADS CSANY	CSANY	2,096,904	$8.3m0.67%	0.67%	Reduced -144.1k	-144,149 -6.4%
9	ORAMED PHARMACEUTICALS INC COM NEW ORMP	ORMP	1,973,057	$5.6m0.46%	0.46%	Unchanged
10	TRANSPORTADORA DE GAS SUR SPONSORED ADS B TGS	TGS	29,696	$923.2k0.08%	0.08%	Unchanged
11	CENTRAL PUERTO S A SPONSORED ADR CEPU	CEPU	19,314	$338.0k0.03%	0.03%	Unchanged
12	INNOVIZ TECHNOLOGIES LTD SHS INVZ	INVZ	177,278	$151.2k0.01%	0.01%	New
13	VALENS SEMICONDUCTOR LTD W EXP 09/30/202 W EXP 09/30/202		559,653	$14.0k0.00%	0.00%	New

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
ORAMED PHARMACEUTICALS INC ORMP · 13G · filed 2026-08-14	ORMP	6.0%≈ $12.1m	+1.0 pts	13G	2026-08-14
PULSENMORE LTD PLSM · 13G · filed 2026-10-08	PLSM	5.0%	new	13G	2026-10-08