- Aquamarine Capital’s 13F portfolio value decreased from
$208M to $178M.
- They increased Seritage Growth Properties during the
quarter.
- Berkshire Hathaway and Fiat Chrysler are the largest two
positions.
Guy
Spier’s Aquamarine Capital Portfolio value decreased ~15% from $208M to $178M 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), American Express (AXP), Ferrari NV (RACE), and Bank of America (BAC).
They together add up to ~71% 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 2018.
Please check out our previous update to have an idea on how the
portfolio is progressing:
Note: The reduction in Wells Fargo stake is due to 110K
shares in TARP-Warrants that expired during the quarter. The common position
was increased by one-third.
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.
No comments :
Post a Comment