American Express retired 2.0% of its shares in twelve months, so this stake grew 2.0% without buying a share.
Superinvestors › Guy Spier
Aquamarine Zurich · 13F for Q2 2026
American Express retired 2.0% of its shares in twelve months, so this stake grew 2.0% without buying a share.
Mastercard retired 3.9% of its shares in twelve months, so this stake grew 4.1% without buying a share.
Moody's retired 2.9% of its shares in twelve months, so this stake grew 3.0% without buying a share.
Values as reported in the 13F at quarter end. See the Q2 2026 filing on EDGAR.
In the Q2 2026 13F, Aquamarine Zurich held AXP, MA, MCO. 3 of them are on the Buyback Radar leaderboard.
From Aquamarine Zurich's 13F filings with the SEC, the last eight quarters, amendments applied, options excluded. A 13F shows US-listed stock positions at quarter end and is filed up to 45 days later, so it is a record, not a live portfolio.
Mastercard retired 3.9% of its shares in the last twelve months. That alone made every remaining share, including Guy Spier's 40,000, 4.1% bigger as a slice of the company, without buying anything.
Guy Spier’s moves in companies like these are covered on Cannibal Stocks.
Read Cannibal Stocks All superinvestors →