Aquamarine Financial (Cayman) Ltd: YPF SA-ADR (YPF): Quarterly 13F Position History
As of Q1 2026, Aquamarine Financial (Cayman) Ltd reported 9,026,675 shares of YPF SA-ADR (YPF), worth $417.2M and representing 30.6% of its 13F equity book. Quarter-over-quarter share count change: 1,465,882 (-14.0%) . The position first appeared in Q3 2025 and has been disclosed across 3 13F-HR filings in Pactolio's tracked window.
- 9,026,675Shares Held (Latest Filing)
- $417.2MReported Market Value (Latest Filing)
- 30.6%Portfolio Weight (% of 13F Equity Book)
- 1,465,882Quarter-over-Quarter Share Change
- +$37.8MQuarter-over-Quarter Value Change
- 12,973,695Peak 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 | 9,026,675 | 1,465,882 | -14.0% | $417.2M | 30.6% | $46.2 |
| Q4 2025 | 10,492,557 | 2,481,138 | -19.1% | $379.4M | 30.9% | $36.2 |
| Q3 2025 | 12,973,695 | — | — | $315.1M | 32.3% | $24.3 |
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 YPF position in 13F-HR filings?
Aquamarine Financial (Cayman) Ltd first reported YPF SA-ADR (YPF) 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 YPF?
Between Q4 2025 and Q1 2026, Aquamarine Financial (Cayman) Ltd reduced its YPF position by 1,465,882 shares (-14.0%), leaving 9,026,675 shares at a market value of $417.2M.
Does the implied price-per-share represent Aquamarine Financial (Cayman) Ltd's cost basis in YPF?
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.