Guy Spier - Aquamarine Capital Management,
Period:    Q2 2022
Portfolio date:    30 Jun 2022
No. of stocks:    12
Portfolio value:    $170,229,000
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Reported
Price*
Value Current
Price
+/-
Reported
Price
52
Week
Low
52
Week
High
BRK.B - Berkshire Hathaway CL B 22.55 140,600 $273.02 $38,387,000
AXP - American Express 17.10 210,000 $138.62 $29,110,000 $310.66 124.11% $286.15 $387.49
BAC - Bank of America Corp. 14.04 767,845 $31.13 $23,903,000 $53.83 72.92% $43.66 $57.55
MA - Mastercard Inc. 12.19 65,750 $315.48 $20,743,000 $491.08 55.66% $464.52 $601.77
RACE - Ferrari NV 8.63 80,000 $183.68 $14,694,000 $346.99 88.91% $312.51 $519.10
BRK.A - Berkshire Hathaway CL A 7.21 30 $408,966.67 $12,269,000
MU - Micron Technology Inc. 6.49 200,000 $55.28 $11,056,000 $864.01 1,462.97% $103.38 $1,089.29
MCO - Moody's Corp. 4.31 27,000 $271.96 $7,343,000 $451.35 65.96% $402.28 $546.88
BABA - Alibaba Group Holdings 3.17 47,500 $113.68 $5,400,000 $121.06 6.49% $103.71 $192.67
DJCO - Daily Journal Corp. 1.75 11,500 $258.78 $2,976,000 $519.41 100.71% $348.63 $674.75
SRG - Seritage Growth Properties 1.53 500,000 $5.21 $2,605,000 $2.69 -48.37% $2.31 $4.56
GOOGL - Alphabet Inc. 1.02 800 $2,178.75 $1,743,000 $368.53 -83.09% $162.00 $408.61
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
Sector % analysis
Financial Services 47.64
Unknown 29.76
Consumer Cyclical 11.80
Technology 8.24
Real Estate 1.53
Communication Services 1.02