Tracking Guy Spier's Aquamarine Capital Portfolio – Q2 2022 Update

• Aquamarine Capital’s 13F portfolio value decreased from $221M to $170M. 
• The portfolio was untouched this quarter. 
• Berkshire Hathaway, American Express, and Bank of America are the three largest positions. 

 Guy Spier’s Aquamarine Capital Portfolio value decreased from $221M to $170M during the quarter. The portfolio is very concentrated with just 11 positions. The largest five positions are Berkshire Hathaway (BRK.A), American Express (AXP), Bank of America (BAC), Mastercard Inc. (MA), and Ferrari NV (RACE). They together add up to ~82% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to the portfolio as of Q2 2022. 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.