Tracking Guy Spier's Aquamarine Capital Portfolio – Q1 2021 Update

• Aquamarine Capital’s 13F portfolio value increased from $171M to $191M. 
• The portfolio was untouched this quarter. 
• Berkshire Hathaway, Bank of America, and American Express are the three largest positions. 

Guy Spier’s Aquamarine Capital Portfolio value increased from $171M to $191M during the quarter. The portfolio is very concentrated with just 11 positions. The largest five positions are Berkshire Hathaway (BRK.A), Bank of America (BAC), American Express (AXP), Mastercard Inc. (MA), and Micron Technology (MU). They together add up to ~77% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to the portfolio as of Q1 2021. Please check out our previous update to have an idea on how the portfolio is progressing:

 

 

 

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