Aquamarine Financial (Cayman) Ltd

Grand Cayman, E9 · CIK 2104187 · 13F filing filed 2026-08-12

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)

$1.8bn reported value +32.6% vs Q1 2026

17positions

98.7%in top 10

1 new 9 added 0 reduced 1 sold out vs Q1 2026

Holdings, Q2 2026

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	186,948,134	$649.0m35.83%	35.83%	Added +30.1m	+30,100,000 19.2%
2	YPF SOCIEDAD ANONIMA SPON ADR CL D YPF	YPF	12,444,948	$565.9m31.24%	31.24%	Added +3.4m	+3,418,273 37.9%
3	GRUPO FINANCIERO GALICIA S.A SPONSORED ADR GGAL	GGAL	3,515,564	$175.9m9.71%	9.71%	Added +1.2m	+1,154,582 48.9%
4	NU HLDGS LTD ORD SHS CL A NU	NU	8,977,636	$119.9m6.62%	6.62%	Added +8.0m	+7,977,636 797.8%
5	BANCO MACRO SA SPON ADR B BMA	BMA	842,490	$78.0m4.31%	4.31%	Added +310.0k	+310,000 58.2%
6	GERDAU SA SPON ADR REP PFD GGB	GGB	16,726,171	$67.6m3.73%	3.73%	Unchanged
7	BANCO SANTANDER BRASIL S A ADS REP 1 UNIT BSBR	BSBR	10,394,184	$54.6m3.01%	3.01%	Added +576.3k	+576,259 5.9%
8	BANCO BBVA ARGENTINA S A SPONSORED ADS BBAR	BBAR	1,701,078	$33.4m1.84%	1.84%	Added +465.8k	+465,756 37.7%
9	PAGAYA TECHNOLOGIES LTD CL A NEW PGY	PGY	1,771,209	$32.3m1.78%	1.78%	New
10	ORAMED PHARMACEUTICALS INC COM NEW ORMP	ORMP	2,512,175	$12.1m0.67%	0.67%	Added +399.9k	+399,863 18.9%
11	ALPHA TAU MEDICAL LTD ORDINARY SHARES DRTS	DRTS	721,501	$9.1m0.50%	0.50%	Unchanged
12	COSAN S A ADS CSANY	CSANY	2,096,904	$6.0m0.33%	0.33%	Unchanged
13	INNOVIZ TECHNOLOGIES LTD SHS INVZ	INVZ	5,828,949	$4.4m0.24%	0.24%	Added +651.7k	+651,671 12.6%
14	PULSENMORE LTD ORD SHS PLSM	PLSM	338,541	$2.0m0.11%	0.11%	Unchanged
15	TRANSPORTADORA DE GAS SUR SPONSORED ADS B TGS	TGS	29,696	$882.9k0.05%	0.05%	Unchanged
16	CENTRAL PUERTO S A SPONSORED ADR CEPU	CEPU	19,314	$287.0k0.02%	0.02%	Unchanged
17	VALENS SEMICONDUCTOR LTD W EXP 09/30/202 W EXP 09/30/202		559,653	$15.7k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
PROSHARES TR II SCO	SCO	3,400,000	$28.3m3.4m shares

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