RWC Asset Advisors (us) LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 1, 2024), RWC Asset Advisors (us) LLC reported 18 stock positions worth $980.4 million. Its top holding was Gold Fields Ltd.-Spons ADR (GFI) at 19.6% of the portfolio, followed by PDD (PDD, 11.7%) and Kanzhun Ltd. - ADR (BZ, 10.9%). Compared with Q1 2024, it opened 1 new position, sold out of 5, added to 3 and reduced 10. The biggest buy was a new position in Ke Holdings Inc.-ADR (BEKE) and the biggest sale an exit from Vale SA-SP ADR (VALE).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001638081
- Portfolio Value
- $980.4M (Q2 2024)
- SEC Filing
- 0001398344-24-013523 ↗ filed Aug 1, 2024
Holdings Value
Holdings 18 stocks · $980.4M
| GFI Gold Fields Ltd.-Spons ADR | 19.55% | 12,863,826 | $191.7M | Reduce -6.2% |
| PDD PDD Holdings Inc. | 11.71% | 863,584 | $114.8M | Add +19.4% |
| BZ Kanzhun Ltd. - ADR | 10.94% | 5,700,186 | $107.2M | Add +79.8% |
| CX Cemex Sab-Spons ADR Part Cer | 10.14% | 15,555,171 | $99.4M | Add +32.3% |
| MELI MercadoLibre Inc. | 9.07% | 54,112 | $88.9M | Reduce -7.3% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 7.22% | 5,003,993 | $70.8M | New |
| PBR Petroleo Brasileiro-Spon ADR | 7.16% | 4,844,154 | $70.2M | Reduce -28.0% |
| BABA Alibaba Group Holding-SP ADR | 5.85% | 797,212 | $57.4M | Reduce -29.9% |
| KOS Kosmos Energy Ltd. | 4.22% | 7,474,571 | $41.4M | Reduce -14.3% |
| SCCO Southern Copper Corp. | 3.98% | 362,435 | $39.0M | Reduce -48.2% |
| LI Li Auto Inc. - ADR | 3.12% | 1,708,036 | $30.5M | Reduce -7.0% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 2.88% | 1,404,947 | $28.3M | Reduce -27.8% |
| GGAL Grupo Financiero Galicia-ADR | 2.46% | 788,856 | $24.1M | Reduce -60.1% |
| TEO Telecom Argentina SA-SP ADR | 0.85% | 1,157,122 | $8.4M | Reduce -5.0% |
| GTE Gran Tierra Energy Inc. | 0.31% | 314,423 | $3.0M | No change |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 0.23% | 135,260 | $2.3M | No change |
| BSAC Banco Santander-Chile-ADR | 0.19% | 97,984 | $1.8M | No change |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.11% | 160,349 | $1.1M | No change |
Portfolio Sells Q1 2024 → Q2 2024
| VALE Vale SA-SP ADR | Sold out | 0.00% | −6.54 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −6.47 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −5.77 |
| SCCO Southern Copper Corp. | Reduce -48.2% | 3.98% | −1.87 |
| GGAL Grupo Financiero Galicia-ADR | Reduce -60.1% | 2.46% | −1.49 |
| LI Li Auto Inc. - ADR | Reduce -7.0% | 3.12% | −1.25 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -28.0% | 7.16% | −0.87 |
| EDU New Oriental Educatio-SP ADR | Sold out | 0.00% | −0.76 |
| BABA Alibaba Group Holding-SP ADR | Reduce -29.9% | 5.85% | −0.60 |
| YPF YPF S.A.-Sponsored ADR | Reduce -27.8% | 2.88% | −0.14 |
| RDY Dr. Reddy's Laboratories-ADR | Sold out | 0.00% | −0.05 |
| TEO Telecom Argentina SA-SP ADR | Reduce -5.0% | 0.85% | +0.09 |
| KOS Kosmos Energy Ltd. | Reduce -14.3% | 4.22% | +0.15 |
| MELI MercadoLibre Inc. | Reduce -7.3% | 9.07% | +2.14 |
| GFI Gold Fields Ltd.-Spons ADR | Reduce -6.2% | 19.55% | +2.44 |
Portfolio Buys Q1 2024 → Q2 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 16 | $449.6M | TSM, SQM, PBR, EMBJ, VALE |
| Q1 2026 | 14 | $464.4M | SQM, PBR, VALE, EMBJ, GFI |
| Q4 2025 | 13 | $527.9M | SQM, VALE, EMBJ, GFI, BABA |
| Q3 2025 | 17 | $610.9M | BABA, NIO, VALE, GFI, BZ |
| Q2 2025 | 16 | $414.6M | GFI, LI, PBR, BABA, MELI |
| Q1 2025 | 19 | $549.0M | GFI, BABA, LI, PBR, MELI |
| Q4 2024 | 15 | $501.3M | GFI, LI, CX, PBR, BABA |
| Q3 2024 | 19 | $836.9M | BABA, GFI, MELI, PBR, CX |
| Q2 2024 | 18 | $980.4M | GFI, PDD, BZ, CX, MELI |
| Q1 2024 | 22 | $1.3B | GFI, CX, PBR, MELI, PDD |