Aquamarine Financial (Cayman) Ltd: BANCO MACRO SA (BMA): Quarterly 13F Position History
As of Q1 2026, Aquamarine Financial (Cayman) Ltd reported 532,490 shares of BANCO MACRO SA (BMA), worth $41.2M and representing 3.0% of its 13F equity book. Quarter-over-quarter share count change: 32,011 (-5.7%) . The position first appeared in Q3 2025 and has been disclosed across 3 13F-HR filings in Pactolio's tracked window.
- 532,490Shares Held (Latest Filing)
- $41.2MReported Market Value (Latest Filing)
- 3.0%Portfolio Weight (% of 13F Equity Book)
- 32,011Quarter-over-Quarter Share Change
- -$9.7MQuarter-over-Quarter Value Change
- 564,501Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 3 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 532,490 | 32,011 | -5.7% | $41.2M | 3.0% | $77.4 |
| Q4 2025 | 564,501 | +108,540 | +23.8% | $50.9M | 4.1% | $90.2 |
| Q3 2025 | 455,961 | — | — | $19.3M | 2.0% | $42.3 |
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, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Aquamarine Financial (Cayman) Ltd first disclose a BMA position in 13F-HR filings?
Aquamarine Financial (Cayman) Ltd first reported BANCO MACRO SA (BMA) on its 13F-HR filing for the period ending 2025-09-30 (Q3 2025). The position has appeared on 3 reported quarters within Pactolio's tracked window.
What was Aquamarine Financial (Cayman) Ltd's most recent quarter-over-quarter share-count change in BMA?
Between Q4 2025 and Q1 2026, Aquamarine Financial (Cayman) Ltd reduced its BMA position by 32,011 shares (-5.7%), leaving 532,490 shares at a market value of $41.2M.
Does the implied price-per-share represent Aquamarine Financial (Cayman) Ltd's cost basis in BMA?
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.