Guy Spier - Aquamarine Capital 13F Activity & Position Changes (Q3 2018)

As of Sep 30, 2018, the Aquamarine Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 13, 2018. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q3 2018, the filing reported:

New Buys - None reported

Increases - Seritage Growth Properties

Reductions - American Express Company

Complete Exits - Citigroup, Inc., POSCO Holdings Inc.

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2018	AXP American Express Company	American Express Company	Sell	-50,000	-18.4%	$23.69K	222,430
Q3 2018	C Citigroup, Inc.	Citigroup, Inc.	Sell - Position Exit	-106,000	-100.0%	$0.00	-
Q3 2018	PKX POSCO Holdings Inc.	POSCO Holdings Inc.	Sell - Position Exit	-1,281	-100.0%	$0.00	-
Q3 2018	SRG Seritage Growth Properties	Seritage Growth Properties	Buy	+147,262	+221.1%	$10.16K	213,869