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INCA Investments LLC

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13F filer, CIK 1513137, MIAMI, FL

INCA Investments LLC reported $217,316,489 across 9 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-04.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-25-002987

Period
2025-09-30
Reported value
$217M
Holdings
9
Top 10 weight
100%
New
0
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
FMXadded+94,956$9.37M
BAPadded+22,103$5.89M
BSACadded+191,014$5.06M
GGALadded+10,283$283K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
LOMAexited-1,936,036-$21.2M
XPreduced-379,838-$7.14M
NUreduced-372,592-$5.97M
MELIreduced-2,230-$5.21M
ITUBreduced-285,553-$2.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001420506-25-002987, largest first. % of portfolio is the value over $217,316,489, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BAPCREDICORP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 262,846 shares; 2024Q4: 201,338 shares; 2025Q1: 183,260 shares; 2025Q2: 193,947 shares; 2025Q3: 216,050 shares 216,050$57.5M26.47%+22,103Timeline
FMXFOMENTO ECONOMICO MEXICANO SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 236,565 shares; 2024Q4: 204,046 shares; 2025Q1: 133,350 shares; 2025Q2: 274,769 shares; 2025Q3: 369,725 shares 369,725$36.5M16.78%+94,956Timeline
GGALGRUPO FINANCIERO GALICIA S.AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,373,576 shares; 2024Q4: 1,373,576 shares; 2025Q1: 1,098,490 shares; 2025Q2: 1,069,878 shares; 2025Q3: 1,080,161 shares 1,080,161$29.8M13.7%+10,283Timeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 481,360 shares; 2024Q4: 848,304 shares; 2025Q1: 1,023,641 shares; 2025Q2: 1,864,199 shares; 2025Q3: 1,491,607 shares 1,491,607$23.9M10.99%-372,592Timeline
BSACBANCO SANTANDER CHILE NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,531,232 shares; 2024Q4: 1,531,232 shares; 2025Q1: 682,569 shares; 2025Q2: 524,178 shares; 2025Q3: 715,192 shares 715,192$19M8.72%+191,014Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,541 shares; 2024Q4: 14,559 shares; 2025Q1: 14,890 shares; 2025Q2: 9,949 shares; 2025Q3: 7,719 shares 7,719$18M8.3%-2,230Timeline
XPXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,319,150 shares; 2024Q4: 1,358,239 shares; 2025Q1: 1,358,239 shares; 2025Q2: 1,306,590 shares; 2025Q3: 926,752 shares 926,752$17.4M8.01%-379,838Timeline
ARCOARCOS DORADOS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,330,255 shares; 2024Q4: 1,301,255 shares; 2025Q1: 1,301,255 shares; 2025Q2: 1,398,553 shares; 2025Q3: 1,215,564 shares 1,215,564$8.21M3.78%-182,989Timeline
ITUBITAU UNIBANCO HLDG S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,768,375 shares; 2024Q4: 1,134,092 shares; 2025Q1: 1,247,501 shares; 2025Q2: 1,247,501 shares; 2025Q3: 961,948 shares 961,948$7.06M3.25%-285,553Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
LOMALOMA NEGRA C I A S A MTN 141,936,036$21.2Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001420506-25-002987 base2025-11-04acceptance time not in the bulk data set