RWC Asset Advisors (us) LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), RWC Asset Advisors (us) LLC reported 16 stock positions worth $414.6 million. Its top holding was Gold Fields Ltd.-Spons ADR (GFI) at 18.7% of the portfolio, followed by Li Auto Inc. - ADR (LI, 16.0%) and Petroleo Brasileiro-Spon ADR (PBR, 14.3%). Compared with Q1 2025, it opened 1 new position, sold out of 4, added to 2 and reduced 13. The biggest buy was a new position in Coupang (CPNG) and the biggest sale an exit from PDD (PDD).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001638081
- Portfolio Value
- $414.6M (Q2 2025)
- SEC Filing
- 0001398344-25-014903 ↗ filed Aug 11, 2025
Holdings Value
Holdings 16 stocks · $414.6M
| GFI Gold Fields Ltd.-Spons ADR | 18.73% | 3,280,386 | $77.6M | Reduce -35.1% |
| LI Li Auto Inc. - ADR | 16.02% | 2,449,915 | $66.4M | Reduce -17.6% |
| PBR Petroleo Brasileiro-Spon ADR | 14.31% | 4,743,523 | $59.3M | Add +3.4% |
| BABA Alibaba Group Holding-SP ADR | 13.37% | 488,630 | $55.4M | Reduce -20.6% |
| MELI MercadoLibre Inc. | 12.14% | 19,258 | $50.3M | Reduce -21.6% |
| EMBJ Embraer SA-Spon ADR | 5.84% | 425,674 | $24.2M | Add +1.8% |
| SCCO Southern Copper Corp. | 5.67% | 232,309 | $23.5M | Reduce -10.1% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 4.94% | 580,405 | $20.5M | Reduce -38.0% |
| CPNG Coupang Inc. | 3.95% | 546,241 | $16.4M | New |
| GGAL Grupo Financiero Galicia-ADR | 1.97% | 162,452 | $8.2M | Reduce -28.6% |
| KOS Kosmos Energy Ltd. | 0.94% | 2,255,539 | $3.9M | Reduce -22.0% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.79% | 104,183 | $3.3M | Reduce -21.8% |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 0.40% | 82,327 | $1.7M | Reduce -26.6% |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.38% | 144,315 | $1.6M | Reduce -10.0% |
| BSAC Banco Santander-Chile-ADR | 0.30% | 48,506 | $1.2M | Reduce -37.5% |
| GTE Gran Tierra Energy Inc. | 0.26% | 226,147 | $1.1M | Reduce -10.0% |
Portfolio Sells Q1 2025 → Q2 2025
| PDD PDD Holdings Inc. | Sold out | 0.00% | −8.10 |
| SQM Quimica Y Minera Chil-SP ADR | Reduce -38.0% | 4.94% | −1.83 |
| GFI Gold Fields Ltd.-Spons ADR | Reduce -35.1% | 18.73% | −1.63 |
| BABA Alibaba Group Holding-SP ADR | Reduce -20.6% | 13.37% | −1.45 |
| TEO Telecom Argentina SA-SP ADR | Sold out | 0.00% | −1.42 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −0.43 |
| BANCOLOMBIA S.A.-SPONS ADR | Sold out | 0.00% | −0.29 |
| GGAL Grupo Financiero Galicia-ADR | Reduce -28.6% | 1.97% | −0.28 |
| KOS Kosmos Energy Ltd. | Reduce -22.0% | 0.94% | −0.27 |
| YPF YPF S.A.-Sponsored ADR | Reduce -21.8% | 0.79% | −0.06 |
| BSAC Banco Santander-Chile-ADR | Reduce -37.5% | 0.30% | −0.03 |
| CAAP Corp. America Airports SA | Reduce -26.6% | 0.40% | +0.03 |
| GTE Gran Tierra Energy Inc. | Reduce -10.0% | 0.26% | +0.04 |
| LOMA Loma Negra Cia Ind-Spon ADR | Reduce -10.0% | 0.38% | +0.06 |
| SCCO Southern Copper Corp. | Reduce -10.1% | 5.67% | +1.27 |
| LI Li Auto Inc. - ADR | Reduce -17.6% | 16.02% | +2.37 |
| MELI MercadoLibre Inc. | Reduce -21.6% | 12.14% | +3.41 |
Portfolio Buys Q1 2025 → Q2 2025
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 |