- Aquamarine Capital’s 13F portfolio value decreased from $209M to $208M during the quarter.
- The small POSCO stake was reduced further during the quarter.
- Fiat Chrysler & Berkshire Hathaway are the largest two positions.
Guy
Spier’s Aquamarine Capital Portfolio value decreased marginally from $209M to
$208M during the quarter. The portfolio is very concentrated with just 14
positions. The largest five positions are Fiat Chrysler Auto (FCAU), Berkshire
Hathaway (BRK.A), American Express (AXP), Ferrari NV (RACE), and Bank of
America (BAC) & WTS (BAC-WTA). They together add up to ~72% 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 Q1 2018.
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.