Aquamarine Financial (Cayman) Ltd In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 12, 2026), Aquamarine Financial (Cayman) Ltd reported 16 stock positions worth $1.8 billion . Its top holding was Banco Bradesco-ADR (BBD) at 35.8% of the portfolio, followed by YPF S.A.-Sponsored ADR (YPF, 31.2% ) and Grupo Financiero Galicia-ADR (GGAL, 9.7% ). Compared with Q1 2026, it opened 1 new position, sold out of 1 and added to 9. The biggest buy was Nu Holdings Ltd./Cayman Isl-A (NU, shares +798% ) and the biggest sale an exit from Proshares Ultrashort Bloombe .
Location Grand Cayman, E9
CIK 0002104187
Portfolio Value $1.8B (Q2 2026) Holdings 16 stocks · $1.8B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 BBD Banco Bradesco-ADR 186,948,134 $649.0M Add +19.2% YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 12,444,948 $565.9M Add +37.9% GGAL Grupo Financiero Galicia-ADR 3,515,564 $175.9M Add +48.9% NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 8,977,636 $119.9M Add +797.8% BMA Banco Macro SA-ADR 842,490 $78.0M Add +58.2% GGB Gerdau SA -Spon ADR 16,726,171 $67.6M No change BSBR Banco Santander Brasil-ADS 10,394,184 $54.6M Add +5.9% BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A 1,701,078 $33.4M Add +37.7% PGY Pagaya Technologies Ltd. Class A 1,771,209 $32.3M New ORMP Oramed Pharmaceuticals Inc. 2,512,175 $12.1M Add +18.9% DRTS Alpha Tau Medical Ltd. 721,501 $9.1M No change CSANY Cosan SA -ADR 2,096,904 $6.0M No change INVZ Innoviz Technologies Ltd. 5,828,949 $4.4M Add +12.6% PLSM Pulsenmore Ltd. 338,541 $2.0M No change TGS Transportador Gas-ADR SP B 29,696 $883K No change CEPU Central Puerto-Sponsored ADR 19,314 $287K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $16K (not counted above) Security Class Shares / Principal Value Change VLNWF Valens Semiconductor -CW26 *W EXP 09/30/202 559,653 $16K No change
Total filed on the 13F, all lines: $1.8B.
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ NU Nu Holdings Ltd./Cayman Isl-A Add +797.8% 6.62% +5.57 PGY Pagaya Technologies Ltd. Class A New 1.78% +1.78 GGAL Grupo Financiero Galicia-ADR Add +48.9% 9.71% +1.61 BMA Banco Macro SA-ADR Add +58.2% 4.31% +1.29 YPF YPF S.A.-Sponsored ADR Add +37.9% 31.24% +0.69 BBAR Bbva Argentina SA-ADR Add +37.7% 1.84% +0.39 ORMP Oramed Pharmaceuticals Inc. Add +18.9% 0.67% +0.14 INVZ Innoviz Technologies Ltd. Add +12.6% 0.24% +0.01 BSBR Banco Santander Brasil-ADS Add +5.9% 3.01% −1.25 BBD Banco Bradesco-ADR Add +19.2% 35.83% −7.28
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 16 $1.8B BBD, YPF, GGAL, NU, BMA Q1 2026 16 $1.4B BBD, YPF, GGAL, GGB, BSBR Q4 2025 12 $1.2B BBD, YPF, GGAL, GGB, BSBR Q3 2025 11 $974.7M BBD, YPF, GGB, BSBR, GGAL