INCA Investments LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 5, 2024), INCA Investments LLC reported 10 stock positions worth $234.3 million. Its top holding was Grupo Financiero Galicia-ADR (GGAL) at 24.7% of the portfolio, followed by Credicorp (BAP, 20.3%) and Banco Santander-Chile-ADR (BSAC, 13.6%). Compared with Q2 2024, it added to 4 and reduced 3. The biggest buy was Grupo Financiero Galicia-ADR (GGAL, shares +2%) and the biggest sale Grupo Aeroportuario Cen-ADR (OMAB, shares −98%).

Most Recent 13F
Q2 2026
Location
MIAMI, FL
CIK
0001513137
Portfolio Value
$234.3M (Q3 2024)
SEC Filing
0001513137-24-000006 ↗ filed Nov 5, 2024

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 $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 Q2 2026

Holdings 10 stocks · $234.3M
GGAL Grupo Financiero Galicia-ADR 24.67% 1,373,576 $57.8M Add +1.8%
BAP Credicorp Ltd. 20.30% 262,846 $47.6M Add +5.5%
BSAC Banco Santander-Chile-ADR 13.57% 1,531,232 $31.8M Reduce -22.8%
XP XP Inc. Class A 10.10% 1,319,150 $23.7M No change
FMX Fomento Economico Mex-SP ADR 9.97% 236,565 $23.4M Add +12.6%
MELI MercadoLibre Inc. 8.36% 9,541 $19.6M No change
ITUB Itau Unibanco H-Spon PRF ADR 5.02% 1,768,375 $11.8M Reduce -10.9%
ARCO Arcos Dorados Holdings Inc. Class A 4.95% 1,330,255 $11.6M No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 2.80% 481,360 $6.6M Add +27.9%
OMAB Grupo Aeroportuario Cen-ADR 0.26% 9,098 $617K Reduce -97.8%

Portfolio Sells Q2 2024 → Q3 2024
OMAB Grupo Aeroportuario Cen-ADR Reduce -97.8% 0.26% −11.47
BSAC Banco Santander-Chile-ADR Reduce -22.8% 13.57% −2.24
ITUB Itau Unibanco H-Spon PRF ADR Reduce -10.9% 5.02% +0.12

Portfolio Buys Q2 2024 → Q3 2024
GGAL Grupo Financiero Galicia-ADR Add +1.8% 24.67% +7.23
BAP Credicorp Ltd. Add +5.5% 20.30% +3.30
NU Nu Holdings Ltd./Cayman Isl-A Add +27.9% 2.80% +0.75
FMX Fomento Economico Mex-SP ADR Add +12.6% 9.97% +0.40

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