Aquamarine Capital — RACE

How Aquamarine Capital's position in FERRARI NV changed quarter by quarter. Change badges compare each quarter to the fund's immediately-prior filing.

Quarter	Shares	Value	% of portfolio	Change
Q1 2026	30,000	$10,016,000	7.4%	—
Q4 2025	30,000	$9,561,000	6.48%	NEW