- Aquamarine Capital’s 13F portfolio value decreased from $213M to $208M during the quarter.
- They increased Seritage Growth Properties while dropping Citigroup.
- Berkshire Hathaway and Fiat Chrysler are the largest two positions.
Guy
Spier’s Aquamarine Capital Portfolio value decreased ~2% from $213M to $208M during
the quarter. The portfolio is very concentrated with just 12 positions. The
largest five positions are Berkshire Hathaway (BRK.A), Fiat Chrysler Auto
(FCAU), Ferrari NV (RACE), American Express (AXP), and Bank of America (BAC).
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 Q3 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.
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