RWC ASSET ADVISORS (US) LLC

Fundamental concentrated ★Highest signal CIK 1638081
League rank
#997
in Fundamental concentrated · #7421 overall
Long book
$464.4M
Q1 2026
Positions
14
Top-10 weight
99%
concentration
Last quarter
-7.1%
SPY +14.8%
Turnover
20%
of book per quarter

Strategy in plain words

auto-generated from filings

RWC ASSET ADVISORS (US) LLC is a concentrated fundamental stock-picker, running a $464.4M US long book across 14 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: QUIMICA Y MINERA CHIL-SP ADR, PETROLEO BRASILEIRO-SPON ADR, VALE SA-SP ADR, EMBRAER SA-SPON ADR, GOLD FIELDS LTD-SPONS ADR.

Over the last 9 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-3.5%
Q2 2024
+9.6%
Q3 2024
-4.5%
Q4 2024
+19.1%
Q1 2025
+1.6%
Q2 2025
+22.0%
Q3 2025
+4.2%
Q4 2025
+0.7%
Q1 2026
-7.1%

Sector allocation

Industrials
59%
Materials
41%

Long book by quarter

$1.27B
Q1 2024
$980.4M
Q2 2024
$836.9M
Q3 2024
$501.3M
Q4 2024
$549.0M
Q1 2025
$414.6M
Q2 2025
$610.9M
Q3 2025
$527.9M
Q4 2025
$464.4M
Q1 2026

What does RWC ASSET own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CAAP CORP AMERICA AIRPORTS SAIndustrials82.3K$2.1M0.4%Held
SCCO SOUTHERN COPPER CORPMaterials8.5K$1.5M0.3%-8.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 27, 202614$464.4M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202613$527.9M canonicalSEC ↗
Q3 202513F-HROct 27, 202517$610.9M canonicalSEC ↗
Q2 202513F-HRAug 11, 202516$414.6M canonicalSEC ↗
Q1 202513F-HRMay 7, 202519$549.0M canonicalSEC ↗
Q4 202413F-HRFeb 4, 202515$501.3M canonicalSEC ↗
Q3 202413F-HROct 31, 202419$836.9M canonicalSEC ↗
Q2 202413F-HRAug 1, 202418$980.4M canonicalSEC ↗
Q1 202413F-HRMay 8, 202422$1.27B canonicalSEC ↗