RWC Asset Advisors (us) LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 31, 2024), RWC Asset Advisors (us) LLC reported 19 stock positions worth $836.9 million. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 14.0% of the portfolio, followed by Gold Fields Ltd.-Spons ADR (GFI, 13.9%) and MercadoLibre (MELI, 11.5%). Compared with Q2 2024, it opened 3 new positions, sold out of 2, added to 4 and reduced 8. The biggest buy was Alibaba Group Holding-SP ADR (BABA, shares +38%) and the biggest sale an exit from PDD (PDD).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001638081
- Portfolio Value
- $836.9M (Q3 2024)
- SEC Filing
- 0001398344-24-019695 ↗ filed Oct 31, 2024
Holdings Value
Holdings 19 stocks · $836.9M
| BABA Alibaba Group Holding-SP ADR | 13.97% | 1,101,444 | $116.9M | Add +38.2% |
| GFI Gold Fields Ltd.-Spons ADR | 13.88% | 7,566,767 | $116.1M | Reduce -41.2% |
| MELI MercadoLibre Inc. | 11.48% | 46,811 | $96.1M | Reduce -13.5% |
| PBR Petroleo Brasileiro-Spon ADR | 9.50% | 5,516,191 | $79.5M | Add +13.9% |
| CX Cemex Sab-Spons ADR Part Cer | 8.25% | 11,319,866 | $69.1M | Reduce -27.2% |
| LI Li Auto Inc. - ADR | 8.12% | 2,650,660 | $68.0M | Add +55.2% |
| BZ Kanzhun Ltd. - ADR | 8.10% | 3,903,150 | $67.8M | Reduce -31.5% |
| TCOM Trip.com Group Ltd.-ADR | 5.01% | 705,782 | $41.9M | New |
| ZTO Zto Express Cayman Inc.-ADR | 4.84% | 1,636,986 | $40.5M | New |
| SCCO Southern Copper Corp. | 4.43% | 320,710 | $37.1M | Reduce -11.5% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 4.36% | 1,722,350 | $36.5M | Add +22.6% |
| GGAL Grupo Financiero Galicia-ADR | 3.53% | 702,392 | $29.6M | Reduce -11.0% |
| KOS Kosmos Energy Ltd. | 1.83% | 3,800,272 | $15.3M | Reduce -49.2% |
| TEO Telecom Argentina SA-SP ADR | 0.99% | 1,094,452 | $8.3M | Reduce -5.4% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.79% | 69,110 | $6.6M | New |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 0.28% | 135,260 | $2.4M | No change |
| BSAC Banco Santander-Chile-ADR | 0.24% | 97,984 | $2.0M | No change |
| GTE Gran Tierra Energy Inc. | 0.24% | 314,423 | $2.0M | No change |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.15% | 160,349 | $1.3M | No change |
Portfolio Sells Q2 2024 → Q3 2024
| PDD PDD Holdings Inc. | Sold out | 0.00% | −11.71 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −7.22 |
| GFI Gold Fields Ltd.-Spons ADR | Reduce -41.2% | 13.88% | −5.67 |
| BZ Kanzhun Ltd. - ADR | Reduce -31.5% | 8.10% | −2.84 |
| KOS Kosmos Energy Ltd. | Reduce -49.2% | 1.83% | −2.39 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -27.2% | 8.25% | −1.89 |
| TEO Telecom Argentina SA-SP ADR | Reduce -5.4% | 0.99% | +0.13 |
| SCCO Southern Copper Corp. | Reduce -11.5% | 4.43% | +0.45 |
| GGAL Grupo Financiero Galicia-ADR | Reduce -11.0% | 3.53% | +1.07 |
| MELI MercadoLibre Inc. | Reduce -13.5% | 11.48% | +2.41 |
Portfolio Buys Q2 2024 → Q3 2024
| BABA Alibaba Group Holding-SP ADR | Add +38.2% | 13.97% | +8.11 |
| TCOM Trip.com Group Ltd.-ADR | New | 5.01% | +5.01 |
| LI Li Auto Inc. - ADR | Add +55.2% | 8.12% | +5.01 |
| ZTO Zto Express Cayman Inc.-ADR | New | 4.84% | +4.84 |
| PBR Petroleo Brasileiro-Spon ADR | Add +13.9% | 9.50% | +2.34 |
| YPF YPF S.A.-Sponsored ADR | Add +22.6% | 4.36% | +1.48 |
| FUTU Futu Holdings Ltd.-ADR | New | 0.79% | +0.79 |
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 |