SEC 13F Intelligence

Managers / Q1 2026

RWC ASSET ADVISORS (US) LLC

CIK 0001638081 · 2640 S. BAYSHORE DR., SUITE 201, MIAMI, FL, 33133 · 305-602-9530

Reported Value
$464M
Q1 2026
Positions
14
Filings on Record
45
2019–present window
Filed
Apr 27, 2026
original filing

Summary

Rwc Asset Advisors (US) LLC reported $464M in U.S.-listed holdings across 14 positions for Q1 2026.

Its largest position, SQM, represents 18.3% of the portfolio.

Compared with Q4 2025, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+24.2%
vs prior filed quarter
Top-10 Concentration
+98.6%
share of reported value
Largest Position
+18.3%
Sociedad Quimica Y Minera De
New / Exited
2 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $371MQ4 ’18Q1 ’19: $595MQ2 ’19: $780MQ3 ’19: $769MQ4 ’19: $961MQ4 ’19Q1 ’20: $906MQ2 ’20: $1.2BQ3 ’20: $1.6BQ4 ’20: $1.8BQ4 ’20Q1 ’21: $1.2BQ2 ’21: $1.0BQ3 ’21: $762MQ4 ’21: $827MQ4 ’21Q1 ’22: $916MQ2 ’22: $1.0BQ3 ’22: $1.0BQ4 ’22: $1.1BQ4 ’22Q1 ’23: $1.3BQ2 ’23: $1.0BQ3 ’23: $1.0BQ4 ’23: $1.3BQ4 ’23Q1 ’24: $1.3BQ2 ’24: $980MQ3 ’24: $837MQ4 ’24: $501MQ4 ’24Q1 ’25: $549MQ2 ’25: $415MQ3 ’25: $611MQ4 ’25: $528MQ4 ’25Q1 ’26: $464Mfilingsflow.com

Portfolio Composition

By security type
ADR: 99.2%Other: 0.4%Common Stock: 0.3%
  • ADR · 99.2% · $461M
  • Other · 0.4% · $2M
  • Common Stock · 0.3% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PBRPETROLEO BRASILEIRO S ANEW+3.98M3.98M+$82M$82M
TSMTAIWAN SEMICONDUCTOR MANUFACNEW+85.9K85.9K+$29M$29M
MLB1MERCADOLIBRE INCSOLD OUT−24.6K0−$50M$0
KANZHUN LIMITEDADDED+1.40M2.91M+$8M$39M
BABAALIBABA GROUP HLDG LTDTRIMMED−247.2K203.2K−$41M$25M
GGALGRUPO FINANCIERO GALICIA S.ATRIMMED−224.5K340.0K−$15M$16M
EDGGOLD FIELDS LTDTRIMMED−666.5K1.06M−$27M$48M
SQMSOCIEDAD QUIMICA Y MINERA DETRIMMED−413.4K1.05M−$16M$85M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SQMSOCIEDAD QUIMICA Y MINERA DEhistory →SPON ADR SER B18.29%$85M1.05M
2PBRPETROLEO BRASILEIRO S Ahistory →SPONSORED ADR17.76%$82M3.98M
3VALE S ASPONSORED ADS16.53%$77M4.82M
4EMBJEMBRAER S.A.history →SPONSORED ADS11.65%$54M911.4K
5EDGGOLD FIELDS LTDhistory →SPONSORED ADR10.41%$48M1.06M
6KANZHUN LIMITEDSPONSORED ADS8.38%$39M2.91M
7TSMTAIWAN SEMICONDUCTOR MANUFAChistory →SPONSORED ADS6.25%$29M85.9K
8BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS5.49%$25M203.2K
9GGALGRUPO FINANCIERO GALICIA S.Ahistory →SPONSORED ADR3.42%$16M340.0K
10CORPORACION AMER ARPTS S ACOM0.45%$2M82.3K
11PDDPDD HOLDINGS INCSPONSORED ADS0.43%$2M19.7K
12LOMA NEGRA C I A S A MTN 14SPONSORED ADS0.34%$2M144.3K
13SCCOSOUTHERN COPPER CORPCOM0.32%$1M8.5K
14AEROGRUPO AEROMEXICO SAB DE CVSPONSORED ADS0.28%$1M92.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$464M14Apr 27, 202613F-HRchanges · EDGAR ↗
Q4 2025$528M13Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$611M17Oct 27, 202513F-HRchanges · EDGAR ↗
Q2 2025$415M16Aug 11, 202513F-HRchanges · EDGAR ↗
Q1 2025$549M19May 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$501M15Feb 4, 202513F-HRchanges · EDGAR ↗
Q3 2024$837M19Oct 31, 202413F-HRchanges · EDGAR ↗
Q2 2024$980M18Aug 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.3B22May 8, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.3B19Feb 5, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.0B19Oct 26, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.0B17Aug 4, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.3B17May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.1B16Jan 31, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.0B16Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.0B13Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$916M10May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$827M11Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$762M11Nov 3, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.0B16Aug 2, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.2B20May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.8B17Feb 8, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.6B18Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.2B18Aug 4, 202013F-HRchanges · EDGAR ↗
Q1 2020$906M20May 6, 202013F-HRchanges · EDGAR ↗
Q4 2019$961M18Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$769M18Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$780M17Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$595M16May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$371M15Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • RWC (US) LLC028-19401

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.