- Aquamarine Capital’s 13F portfolio value increased from $198M to $217M.
- The portfolio value increased by ~10% during the quarter.
- Berkshire Hathaway and Ferrari N V are the largest two positions.
Guy
Spier’s Aquamarine Capital Portfolio value increased ~10% from $198M to $217M during
the quarter. The portfolio is very concentrated with just 11 positions. The
largest five positions are Berkshire Hathaway (BRK.A), Ferrari NV (RACE), Fiat
Chrysler Auto (FCAU), American Express (AXP), and Bank of America (BAC). They
together add up to ~48% of the entire portfolio.
Most
of the top positions have remained steady in recent quarters. This quarter saw
no changes to the portfolio.
Below
is a spreadsheet that highlights the changes to the portfolio as of Q4 2019.
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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