RWC Asset Advisors (us) LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), RWC Asset Advisors (us) LLC reported 13 stock positions worth $527.9 million. Its top holding was Quimica Y Minera Chil-SP ADR (SQM) at 19.1% of the portfolio, followed by Vale SA-SP ADR (VALE, 16.1%) and Embraer SA-Spon ADR (EMBJ, 15.1%). Compared with Q3 2025, it opened 2 new positions, sold out of 6, added to 6 and reduced 3. The biggest buy was Quimica Y Minera Chil-SP ADR (SQM, shares +19%) and the biggest sale an exit from Nio Inc. - ADR (NIO).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001638081
- Portfolio Value
- $527.9M (Q4 2025)
- SEC Filing
- 0001398344-26-003248 ↗ filed Feb 17, 2026
Holdings Value
Holdings 13 stocks · $527.9M
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 19.07% | 1,462,794 | $100.6M | Add +18.7% |
| VALE Vale SA-SP ADR | 16.10% | 6,523,762 | $85.0M | Add +9.0% |
| EMBJ Embraer SA-Spon ADR | 15.11% | 1,239,061 | $79.8M | Add +60.2% |
| GFI Gold Fields Ltd.-Spons ADR | 14.32% | 1,730,879 | $75.6M | Add +16.2% |
| BABA Alibaba Group Holding-SP ADR | 12.51% | 450,350 | $66.0M | Reduce -6.7% |
| MELI MercadoLibre Inc. | 9.39% | 24,608 | $49.6M | Add +61.6% |
| BZ Kanzhun Ltd. - ADR | 5.83% | 1,509,151 | $30.8M | Reduce -35.6% |
| GGAL Grupo Financiero Galicia-ADR | 5.77% | 564,498 | $30.4M | Reduce -63.4% |
| PDD PDD Holdings Inc. | 0.52% | 24,040 | $2.7M | New |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 0.41% | 82,327 | $2.1M | No change |
| AERO Grupo Aeromexico Sab DE CV | 0.38% | 92,412 | $2.0M | New |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.35% | 144,315 | $1.9M | No change |
| SCCO Southern Copper Corp. | 0.25% | 9,348 | $1.3M | Add +0.8% |
Portfolio Sells Q3 2025 → Q4 2025
| NIO Nio Inc. - ADR | Sold out | 0.00% | −13.06 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −6.80 |
| PBR Petroleo Brasileiro-Spon ADR | Sold out | 0.00% | −3.15 |
| BZ Kanzhun Ltd. - ADR | Reduce -35.6% | 5.83% | −3.14 |
| CPNG Coupang Inc. | Sold out | 0.00% | −2.77 |
| BABA Alibaba Group Holding-SP ADR | Reduce -6.7% | 12.51% | −1.61 |
| GGAL Grupo Financiero Galicia-ADR | Reduce -63.4% | 5.77% | −1.18 |
| YPF YPF S.A.-Sponsored ADR | Sold out | 0.00% | −0.41 |
| GTE Gran Tierra Energy Inc. | Sold out | 0.00% | −0.16 |
Portfolio Buys Q3 2025 → Q4 2025
| SQM Quimica Y Minera Chil-SP ADR | Add +18.7% | 19.07% | +10.39 |
| EMBJ Embraer SA-Spon ADR | Add +60.2% | 15.11% | +7.46 |
| VALE Vale SA-SP ADR | Add +9.0% | 16.10% | +5.46 |
| GFI Gold Fields Ltd.-Spons ADR | Add +16.2% | 14.32% | +4.08 |
| MELI MercadoLibre Inc. | Add +61.6% | 9.39% | +3.56 |
| PDD PDD Holdings Inc. | New | 0.52% | +0.52 |
| AERO Grupo Aeromexico Sab DE CV | New | 0.38% | +0.38 |
| SCCO Southern Copper Corp. | Add +0.8% | 0.25% | +0.07 |
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 |