Form 13F manager
Aquamarine Financial (Cayman) Ltd — Guy Spier
Latest quarter 2026-06-30 · filed 2026-08-12 · reported total $1,811M · filing —
As filed on Form 13F — long US-listed positions only. No shorts, cash, bonds, or non-13F assets appear here.
Filed up to 45 days after quarter end; holdings may have changed since.
Positions
| Row | Issuer | Class | Put/call | Value | % of total | SH/PRN qty |
|---|---|---|---|---|---|---|
| 1 | BANCO BRADESCO S A | SP ADR PFD NEW | — | $649M | 35.8% | SH 186,948,134 |
| 2 | YPF · YPF SOCIEDAD ANONIMA | SPON ADR CL D | — | $566M | 31.2% | SH 12,444,948 |
| 3 | GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | — | $176M | 9.7% | SH 3,515,564 |
| 4 | NU HLDGS LTD | ORD SHS CL A | — | $120M | 6.6% | SH 8,977,636 |
| 5 | BANCO MACRO S A | SPON ADR B | — | $78M | 4.3% | SH 842,490 |
| 6 | GERDAU SA | SPON ADR REP PFD | — | $68M | 3.7% | SH 16,726,171 |
| 7 | BSBR · BANCO SANTANDER BRASIL S A | ADS REP 1 UNIT | — | $55M | 3.0% | SH 10,394,184 |
| 8 | BBAR · BANCO BBVA ARGENTINA S A | SPONSORED ADS | — | $33M | 1.8% | SH 1,701,078 |
| 9 | PAGAYA TECHNOLOGIES LTD | CL A NEW | — | $32M | 1.8% | SH 1,771,209 |
| 10 | ORMP · ORAMED PHARMACEUTICALS INC | COM NEW | — | $12M | 0.7% | SH 2,512,175 |
| 11 | ALPHA TAU MEDICAL LTD | ORDINARY SHARES | — | $9.1M | 0.5% | SH 721,501 |
| 12 | CSAN · COSAN S A | ADS | — | $6.0M | 0.3% | SH 2,096,904 |
| 13 | INVZ · INNOVIZ TECHNOLOGIES LTD | SHS | — | $4.4M | 0.2% | SH 5,828,949 |
| 14 | PLSM · PULSENMORE LTD | ORD SHS | — | $2.0M | 0.1% | SH 338,541 |
| 15 | TRANSPORTADORA DE GAS DEL SU | SPONSORED ADS B | — | $0.9M | <0.1% | SH 29,696 |
| 16 | CEPU · CENTRAL PUERTO S A | SPONSORED ADR | — | <$1M | <0.1% | SH 19,314 |
| 17 | VALENS SEMICONDUCTOR LTD | *W EXP 09/30/202 | — | <$1M | <0.1% | SH 559,653 |
Filed rows (17) — as filed
Changes from 2026-03-31 (rows of a security combined)
Reported change, not a confirmed trade: this compares quarter-end reports filed up to 45 days later, and the position may since have changed. Amendments, corporate actions, and changes in reporting scope can also move these rows. Value change compares period-end reported values; for continuing rows it includes market price movement.
1 new · ▲ 9 up · ▼ 0 down · 1 exited · 7 unchanged — by reported quantity, largest value change first
| Row | Change | Issuer | Class | Put/call | Value change | Qty change |
|---|---|---|---|---|---|---|
| 1 | ▲ up | YPF SOCIEDAD ANONIMA | SPON ADR CL D | — | +$149M | SH +3,418,273 (+37.9%) |
| 2 | ▲ up | NU HLDGS LTD | ORD SHS CL A | — | +$106M | SH +7,977,636 (+797.8%) |
| 3 | ▲ up | GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | — | +$65M | SH +1,154,582 (+48.9%) |
| 4 | ▲ up | BANCO BRADESCO S A | SP ADR PFD NEW | — | +$60M | SH +30,100,000 (+19.2%) |
| 5 | ▲ up | BANCO MACRO S A / BANCO MACRO SA | SPON ADR B | — | +$37M | SH +310,000 (+58.2%) |
| 6 | new | PAGAYA TECHNOLOGIES LTD | CL A NEW | — | +$32M | SH +1,771,209 |
| 7 | exited | PROSHARES TR II | ULSHT BLOOMB OIL | — | −$28M | SH −3,400,000 |
| 8 | ▲ up | BANCO BBVA ARGENTINA S A | SPONSORED ADS | — | +$14M | SH +465,756 (+37.7%) |
| 9 | ▲ up | ORAMED PHARMACEUTICALS INC | COM NEW | — | +$4.9M | SH +399,863 (+18.9%) |
| 10 | ▲ up | BANCO SANTANDER BRASIL S A | ADS REP 1 UNIT | — | −$3.7M | SH +576,259 (+5.9%) |
| 11 | ▲ up | INNOVIZ TECHNOLOGIES LTD | SHS | — | +$1.2M | SH +651,671 (+12.6%) |
Changes appear only where the prior quarter's validated report exists.