INCA Investments LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 28, 2026), INCA Investments LLC reported 10 stock positions worth $353.4 million. Its top holding was Banco Santander-Chile-ADR (BSAC) at 18.1% of the portfolio, followed by Credicorp (BAP, 17.3%) and Grupo Financiero Galicia-ADR (GGAL, 15.1%). Compared with Q1 2026, it opened 1 new position, sold out of 1, added to 4 and reduced 1. The biggest buy was a new position in America Movil Sab DE CV (AMX) and the biggest sale Credicorp (BAP, shares −24%).

Most Recent 13F
Q2 2026
Location
MIAMI, FL
CIK
0001513137
Portfolio Value
$353.4M (Q2 2026)
SEC Filing
0001420506-26-001318 ↗ filed Jul 28, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $232.4M Q1 2024 Q2 2024: $236.4M Q2 2024 Q3 2024: $234.3M Q3 2024 Q4 2024: $242.6M Q4 2024 Q1 2025: $218.5M Q1 2025 Q2 2025: $257.5M Q2 2025 Q3 2025: $217.3M Q3 2025 Q4 2025: $285.9M Q4 2025 Q1 2026: $281.8M Q1 2026 Q2 2026: $353.4M $353.4M Q2 2026

Holdings 10 stocks · $353.4M
BSAC Banco Santander-Chile-ADR 18.11% 1,942,969 $64.0M Add +53.7%
BAP Credicorp Ltd. 17.31% 156,964 $61.2M Reduce -23.9%
GGAL Grupo Financiero Galicia-ADR 15.09% 1,065,491 $53.3M Add +13.3%
LTM Latam Airlines Group SA-ADR 13.31% 807,079 $47.0M No change
CPA Copa Holdings SA Class A 10.44% 237,214 $36.9M No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 9.14% 2,418,354 $32.3M Add +59.5%
AMX America Movil Sab DE CV 9.07% 1,232,789 $32.0M New
MELI MercadoLibre Inc. 4.24% 8,819 $15.0M Add +18.1%
ITUB Itau Unibanco H-Spon PRF ADR 1.81% 783,087 $6.4M No change
ARCO Arcos Dorados Holdings Inc. Class A 1.49% 654,392 $5.3M No change

Portfolio Sells Q1 2026 → Q2 2026
BAP Credicorp Ltd. Reduce -23.9% 17.31% −7.51
FMX Fomento Economico Mex-SP ADR Sold out 0.00% −4.34

Portfolio Buys Q1 2026 → Q2 2026
AMX America Movil Sab DE CV New 9.07% +9.07
BSAC Banco Santander-Chile-ADR Add +53.7% 18.11% +3.13
NU Nu Holdings Ltd./Cayman Isl-A Add +59.5% 9.14% +1.41
MELI MercadoLibre Inc. Add +18.1% 4.24% −0.35
GGAL Grupo Financiero Galicia-ADR Add +13.3% 15.09% −0.50

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 10$353.4MBSAC, BAP, GGAL, LTM, CPA
Q1 2026 10$281.8MBAP, GGAL, BSAC, LTM, CPA
Q4 2025 9$285.9MBAP, GGAL, LTM, FMX, BSAC
Q3 2025 9$217.3MBAP, FMX, GGAL, NU, BSAC
Q2 2025 10$257.5MGGAL, BAP, FMX, XP, MELI
Q1 2025 10$218.5MGGAL, BAP, MELI, LOMA, XP
Q4 2024 10$242.6MGGAL, BAP, BSAC, MELI, FMX
Q3 2024 10$234.3MGGAL, BAP, BSAC, XP, FMX
Q2 2024 10$236.4MGGAL, BAP, BSAC, OMAB, XP
Q1 2024 11$232.4MBAP, BSAC, OMAB, FMX, GGAL