Aquamarine Financial (Cayman) Ltd: BANCO BRADESCO S A (BBD): Quarterly 13F Position History
As of Q2 2026, Aquamarine Financial (Cayman) Ltd reported 186,948,134 shares of BANCO BRADESCO S A (BBD), worth $649.0M and representing 35.8% of its 13F equity book. Quarter-over-quarter share count change: + 30,100,000 (+19.2%) . The position first appeared in Q3 2025 and has been disclosed across 4 13F-HR filings in Pactolio's tracked window.
- 186,948,134Shares Held (Latest Filing)
- $649.0MReported Market Value (Latest Filing)
- 35.8%Portfolio Weight (% of 13F Equity Book)
- +30,100,000Quarter-over-Quarter Share Change
- +$60.3MQuarter-over-Quarter Value Change
- 186,948,134Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 4 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 186,948,134 | +30,100,000 | +19.2% | $649.0M | 35.8% | $3.5 |
| Q1 2026 | 156,848,134 | +8,177,336 | +5.5% | $588.7M | 43.1% | $3.8 |
| Q4 2025 | 148,670,798 | +11,137,145 | +8.1% | $517.1M | 42.1% | $3.5 |
| Q3 2025 | 137,533,653 | – | – | $477.1M | 49.0% | $3.5 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares, a quarter-end mark rather than the manager's cost basis. See the full methodology document for the normalization rules.
When did Aquamarine Financial (Cayman) Ltd first disclose a BBD position in 13F-HR filings?
Aquamarine Financial (Cayman) Ltd first reported BANCO BRADESCO S A (BBD) on its 13F-HR filing for the period ending 2025-09-30 (Q3 2025). The position has appeared on 4 reported quarters within Pactolio's tracked window.
What was Aquamarine Financial (Cayman) Ltd's most recent quarter-over-quarter share-count change in BBD?
Between Q1 2026 and Q2 2026, Aquamarine Financial (Cayman) Ltd added 30,100,000 shares of BBD (+19.2%), bringing the total reported position to 186,948,134 shares at a market value of $649.0M.
Does the implied price-per-share represent Aquamarine Financial (Cayman) Ltd's cost basis in BBD?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.