Guy Spier - Aquamarine Capital Management
Period:    Q2 2026
Portfolio date:    30 Jun 2026
No. of stocks:    7
Portfolio value:    $144,091,000
Holdings Activity Buys Sells    History
History Stock Activity Share change % change to portfolio
Q4 2025
BRK.B - Berkshire Hathaway CL B Reduce 30.58% 43,000 6.81
MA - Mastercard Inc. Reduce 39.16% 25,750 4.62
RACE - Ferrari N.V. Reduce 50.00% 30,000 4.57
AXP - American Express Co. Reduce 69.05% 145,000 15.18
BAC - Bank of America Corp. Sell 100.00% 767,845 12.48
MU - Micron Technology, Inc. Sell 100.00% 80,000 4.22
BABA - Alibaba Group Holdings Ltd. Sell 100.00% 47,500 2.68
GOOGL - Alphabet Inc. Sell 100.00% 16,000 1.23
SRG - Seritage Growth Properties Sell 100.00% 500,000 0.67
AMR - Alpha Metallurgical Resources, Inc. Sell 100.00% 8,000 0.41
CNR - Core Natural Resources, Inc. Sell 100.00% 10,740 0.28
Q3 2025
MU - Micron Technology, Inc. Reduce 60.00% 120,000 4.77
Q1 2025
CNR - Core Natural Resources, Inc. Buy 10,740 0.28
ARCH - Arch Resources Inc Sell 100.00% 8,100 0.40
Q2 2024
AMR - Alpha Metallurgical Resources, Inc. Buy 8,000 0.85
ARCH - Arch Resources Inc Buy 8,100 0.47
Q1 2024
RACE - Ferrari N.V. Reduce 25.00% 20,000 2.95
Q4 2022
GOOGL - Alphabet Inc. Add 1900.00% 15,200 0.72
Q2 2022
TWTR - Twitter Inc Sell 100.00% 30,000 0.53
Q2 2021
BABA - Alibaba Group Holdings Ltd. Buy 47,500 5.05
DJCO - Daily Journal Corp. Buy 11,500 1.83
WFC - Wells Fargo & Co. Sell 100.00% 151,741 3.10
Q4 2020
MU - Micron Technology, Inc. Add 66.67% 80,000 3.51
STLA - Stellantis N.V. Sell 100.00% 760,000 6.15
Q2 2020
SRG - Seritage Growth Properties Add 25.00% 100,000 0.83
MCO - Moody's Corp. Add 8.00% 2,000 0.40
GOOGL - Alphabet Inc. Buy 16,000 0.83
TWTR - Twitter Inc Buy 30,000 0.65
STLA - Stellantis N.V. Reduce 57.78% 1,040,000 5.14
RACE - Ferrari N.V. Reduce 60.00% 120,000 12.78
Q1 2020
AXP - American Express Co. Reduce 5.59% 12,430 0.71
STLA - Stellantis N.V. Reduce 10.00% 200,000 1.36
TOO - Teekay Offshore Partners L P Sell 100.00% 1,000,000 0.71
Q3 2019
SRG - Seritage Growth Properties Add 33.33% 100,000 2.15
MU - Micron Technology, Inc. Buy 120,000 2.60
Q1 2019
BAC - Bank of America Corp. Add 30.14% 177,845 2.71
SRG - Seritage Growth Properties Add 13.69% 36,131 0.89
GM.WS.B - General Mtrs Co Sell 100.00% 1,000,000 8.83
BAC.WS.A - Bank Amer Corp Sell 100.00% 320,000 2.31
TERP - Terraform Pwr Inc Sell 100.00% 231,183 1.46
Q4 2018
WFC - Wells Fargo & Co. Add 31.95% 36,741 0.95
SRG - Seritage Growth Properties Add 23.38% 50,000 0.91
WFC.WS - Wells Fargo Co New Sell 100.00% 110,000 1.02
Q3 2018
SRG - Seritage Growth Properties Add 221.09% 147,262 3.37
AXP - American Express Co. Reduce 18.35% 50,000 2.31
C - Citigroup Inc. Sell 100.00% 106,000 3.34
PKX - Posco Sell 100.00% 1,281 0.04
Q2 2018
SRG - Seritage Growth Properties Add 51.83% 22,738 0.45
PKX - Posco Reduce 93.60% 18,719 0.71
Q1 2018
PKX - Posco Reduce 55.56% 25,000 0.93
Q4 2017
TERP - Terraform Pwr Inc Add 10.38% 21,748 0.12
TOO - Teekay Offshore Partners L P Buy 1,000,000 1.13
PKX - Posco Reduce 35.71% 25,000 0.88
0E41 - Enlink Midstream LLC Sell 100.00% 719 0.01
Q2 2017
TERP - Terraform Pwr Inc Buy 209,435 1.53
SRG - Seritage Growth Properties Reduce 75.63% 136,131 3.62
Q4 2016
BRK.B - Berkshire Hathaway CL B Buy 140,600 15.36
AXP - American Express Co. Buy 272,430 13.53
BAC - Bank of America Corp. Buy 590,000 8.74
BRK.A - Berkshire Hathaway CL A Buy 30 4.91
BAC.WS.A - Bank Amer Corp Buy 320,000 2.13
Q3 2016
SRG - Seritage Growth Properties Add 80.00% 80,000 5.75
Q2 2016
SRG - Seritage Growth Properties Add 33.33% 25,000 2.13
Q1 2016
RACE - Ferrari N.V. Buy 200,000 12.68
SRG - Seritage Growth Properties Buy 75,000 5.72
MCO - Moody's Corp. Buy 25,000 3.68
0E41 - Enlink Midstream LLC Buy 719 0.01
ZINCQ - Horsehead Holding Corp Sell 100.00% 1,320,000 3.87
Q2 2015
CRESW - Cresud SA Comercial Sell 100.00% 271,944 0.01
Q1 2015
GM.WS.B - General Motors Co Add 42.86% 300,000 6.38
ZINCQ - Horsehead Holding Corp Add 8.20% 100,000 1.37
AXP - American Express Co. Sell 100.00% 272,430 16.79
BRK.B - Berkshire Hathaway CL B Sell 100.00% 140,600 13.98
BAC - Bank of America Corp. Sell 100.00% 590,000 6.99
BRK.A - Berkshire Hathaway CL A Sell 100.00% 30 4.49
GS - The Goldman Sachs Group, Inc. Sell 100.00% 30,502 3.92
DIG1 - Directv Sell 100.00% 50,000 2.87
BAC.WS.A - Bank Of America Corp Sell 100.00% 320,000 1.48