RWC Asset Advisors (us) LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 27, 2025), RWC Asset Advisors (us) LLC reported 17 stock positions worth $610.9 million. Its top holding was Alibaba Group Holding-SP ADR (BABA) at 14.1% of the portfolio, followed by Nio Inc. - ADR (NIO, 13.1%) and Vale SA-SP ADR (VALE, 10.6%). Compared with Q2 2025, it opened 3 new positions, sold out of 2, added to 3 and reduced 8. The biggest buy was a new position in Nio Inc. - ADR (NIO) and the biggest sale Petroleo Brasileiro-Spon ADR (PBR, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001638081
- Portfolio Value
- $610.9M (Q3 2025)
- SEC Filing
- 0001398344-25-019805 ↗ filed Oct 27, 2025
Holdings Value
Holdings 17 stocks · $610.9M
| BABA Alibaba Group Holding-SP ADR | 14.12% | 482,503 | $86.2M | Reduce -1.3% |
| NIO Nio Inc. - ADR | 13.06% | 10,467,320 | $79.8M | New |
| VALE Vale SA-SP ADR | 10.64% | 5,986,453 | $65.0M | New |
| GFI Gold Fields Ltd.-Spons ADR | 10.23% | 1,489,734 | $62.5M | Reduce -54.6% |
| BZ Kanzhun Ltd. - ADR | 8.96% | 2,343,840 | $54.8M | New |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 8.67% | 1,232,662 | $53.0M | Add +112.4% |
| EMBJ Embraer SA-Spon ADR | 7.65% | 773,346 | $46.7M | Add +81.7% |
| GGAL Grupo Financiero Galicia-ADR | 6.95% | 1,540,187 | $42.4M | Add +848.1% |
| LI Li Auto Inc. - ADR | 6.80% | 1,638,544 | $41.5M | Reduce -33.1% |
| MELI MercadoLibre Inc. | 5.83% | 15,231 | $35.6M | Reduce -20.9% |
| PBR Petroleo Brasileiro-Spon ADR | 3.15% | 1,518,583 | $19.2M | Reduce -68.0% |
| CPNG Coupang Inc. | 2.77% | 526,455 | $17.0M | Reduce -3.6% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.41% | 101,982 | $2.5M | Reduce -2.1% |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 0.24% | 82,327 | $1.5M | No change |
| SCCO Southern Copper Corp. | 0.18% | 9,270 | $1.1M | Reduce -96.0% |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.17% | 144,315 | $1.1M | No change |
| GTE Gran Tierra Energy Inc. | 0.16% | 226,147 | $972K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| PBR Petroleo Brasileiro-Spon ADR | Reduce -68.0% | 3.15% | −11.17 |
| LI Li Auto Inc. - ADR | Reduce -33.1% | 6.80% | −9.22 |
| GFI Gold Fields Ltd.-Spons ADR | Reduce -54.6% | 10.23% | −8.49 |
| MELI MercadoLibre Inc. | Reduce -20.9% | 5.83% | −6.31 |
| SCCO Southern Copper Corp. | Reduce -96.0% | 0.18% | −5.48 |
| CPNG Coupang Inc. | Reduce -3.6% | 2.77% | −1.17 |
| KOS Kosmos Energy Ltd. | Sold out | 0.00% | −0.94 |
| YPF YPF S.A.-Sponsored ADR | Reduce -2.1% | 0.41% | −0.38 |
| BSAC Banco Santander-Chile-ADR | Sold out | 0.00% | −0.30 |
| BABA Alibaba Group Holding-SP ADR | Reduce -1.3% | 14.12% | +0.75 |
Portfolio Buys Q2 2025 → Q3 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 |