- Aquamarine Capital’s 13F portfolio value increased from $197M to $209M during the quarter.
- The portfolio had only very minor adjustments during the quarter.
- Berkshire Hathaway & Fiat Chrysler at ~18% of the portfolio each are the largest two positions.
Guy
Spier’s Aquamarine Capital Portfolio value increased ~6% from $197M to $209M during
the quarter. The portfolio is very concentrated with just 14 positions. The
largest five positions are Berkshire Hathaway (BRK.A), Fiat Chrysler Auto
(FCAU), American Express (AXP), General Motors Warrants (GM-WTB), and Bank of
America (BAC) & WTS (BAC-WTA). They together add up to ~70% of the entire
portfolio. Most of the top positions have remained steady in recent quarters.
Below
is a spreadsheet that highlights the changes to the portfolio as of Q4 2017.
Please check out our previous update to have an idea on how the portfolio
is progressing:
To learn more about how to profit from a strategy of cloning
hedge fund picks, check out our book Profiting from Hedge Funds: Winning
Strategies for the Little Guy.
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