RWC Asset Advisors (us) LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), RWC Asset Advisors (us) LLC reported 15 stock positions worth $501.3 million. Its top holding was Gold Fields Ltd.-Spons ADR (GFI) at 17.8% of the portfolio, followed by Li Auto Inc. - ADR (LI, 15.2%) and Cemex Sab-Spons ADR Part Cer (CX, 13.5%). Compared with Q3 2024, it sold out of 4, added to 2 and reduced 12. The biggest buy was Li Auto Inc. - ADR (LI, shares +20%) and the biggest sale an exit from Kanzhun Ltd. - ADR (BZ).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001638081
- Portfolio Value
- $501.3M (Q4 2024)
- SEC Filing
- 0001398344-25-001798 ↗ filed Feb 4, 2025
Holdings Value
Holdings 15 stocks · $501.3M
| GFI Gold Fields Ltd.-Spons ADR | 17.83% | 6,770,658 | $89.4M | Reduce -10.5% |
| LI Li Auto Inc. - ADR | 15.22% | 3,181,050 | $76.3M | Add +20.0% |
| CX Cemex Sab-Spons ADR Part Cer | 13.55% | 12,039,601 | $67.9M | Add +6.4% |
| PBR Petroleo Brasileiro-Spon ADR | 13.38% | 5,216,594 | $67.1M | Reduce -5.4% |
| BABA Alibaba Group Holding-SP ADR | 10.40% | 614,635 | $52.1M | Reduce -44.2% |
| MELI MercadoLibre Inc. | 7.31% | 21,555 | $36.7M | Reduce -54.0% |
| SCCO Southern Copper Corp. | 5.83% | 320,481 | $29.2M | Reduce -0.1% |
| GGAL Grupo Financiero Galicia-ADR | 5.44% | 437,721 | $27.3M | Reduce -37.7% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 5.24% | 618,113 | $26.3M | Reduce -64.1% |
| KOS Kosmos Energy Ltd. | 2.24% | 3,288,254 | $11.2M | Reduce -13.5% |
| TEO Telecom Argentina SA-SP ADR | 2.10% | 835,165 | $10.5M | Reduce -23.7% |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 0.42% | 112,226 | $2.1M | Reduce -17.0% |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.38% | 160,349 | $1.9M | No change |
| GTE Gran Tierra Energy Inc. | 0.37% | 251,274 | $1.9M | Reduce -20.1% |
| BSAC Banco Santander-Chile-ADR | 0.29% | 77,653 | $1.5M | Reduce -20.8% |
Portfolio Sells Q3 2024 → Q4 2024
| BZ Kanzhun Ltd. - ADR | Sold out | 0.00% | −8.10 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −5.01 |
| ZTO Zto Express Cayman Inc.-ADR | Sold out | 0.00% | −4.84 |
| MELI MercadoLibre Inc. | Reduce -54.0% | 7.31% | −4.17 |
| BABA Alibaba Group Holding-SP ADR | Reduce -44.2% | 10.40% | −3.57 |
| FUTU Futu Holdings Ltd.-ADR | Sold out | 0.00% | −0.79 |
| BSAC Banco Santander-Chile-ADR | Reduce -20.8% | 0.29% | +0.05 |
| GTE Gran Tierra Energy Inc. | Reduce -20.1% | 0.37% | +0.13 |
| CAAP Corp. America Airports SA | Reduce -17.0% | 0.42% | +0.14 |
| KOS Kosmos Energy Ltd. | Reduce -13.5% | 2.24% | +0.41 |
| YPF YPF S.A.-Sponsored ADR | Reduce -64.1% | 5.24% | +0.88 |
| TEO Telecom Argentina SA-SP ADR | Reduce -23.7% | 2.10% | +1.11 |
| SCCO Southern Copper Corp. | Reduce -0.1% | 5.83% | +1.39 |
| GGAL Grupo Financiero Galicia-ADR | Reduce -37.7% | 5.44% | +1.91 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -5.4% | 13.38% | +3.88 |
| GFI Gold Fields Ltd.-Spons ADR | Reduce -10.5% | 17.83% | +3.95 |
Portfolio Buys Q3 2024 → Q4 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 |