Skip to content
Disclosery

INCA Investments LLC

Follow

13F filer, CIK 1513137, MIAMI, FL

INCA Investments LLC reported $285,896,487 across 9 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-04.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-26-000163

Period
2025-12-31
Reported value
$286M
Holdings
9
Top 10 weight
100%
New
1
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
LTMnew+807,079$43.6M
BSACadded+349,082$10.9M
BAPadded+12,183$3.5M
FMXadded+25,536$2.58M
NUadded+42,933$719K

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
XPexited-926,752-$17.4M
GGALreduced-140,105-$7.56M
ARCOreduced-427,563-$3.14M
MELIreduced-252-$508K
ITUBreduced-50,571-$362K

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, Q4 2025

Share positions as resolved from 13F-HR 0001420506-26-000163, largest first. % of portfolio is the value over $285,896,487, 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; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 262,846 shares; 2024Q4: 201,338 shares; 2025Q1: 183,260 shares; 2025Q2: 193,947 shares; 2025Q3: 216,050 shares; 2025Q4: 228,233 shares 228,233$65.5M22.91%+12,183Timeline
GGALGRUPO FINANCIERO GALICIA S.AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 940,056 shares 940,056$50.7M17.74%-140,105Timeline
LTMLATAM AIRLINES GROUP SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 807,079 shares 807,079$43.6M15.25%newTimeline
FMXFOMENTO ECONOMICO MEXICANO SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 236,565 shares; 2024Q4: 204,046 shares; 2025Q1: 133,350 shares; 2025Q2: 274,769 shares; 2025Q3: 369,725 shares; 2025Q4: 395,261 shares 395,261$39.9M13.97%+25,536Timeline
BSACBANCO SANTANDER CHILE NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,064,274 shares 1,064,274$33.1M11.58%+349,082Timeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,534,540 shares 1,534,540$25.7M8.99%+42,933Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,541 shares; 2024Q4: 14,559 shares; 2025Q1: 14,890 shares; 2025Q2: 9,949 shares; 2025Q3: 7,719 shares; 2025Q4: 7,467 shares 7,467$15M5.26%-252Timeline
ITUBITAU UNIBANCO HLDG S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 911,377 shares 911,377$6.53M2.28%-50,571Timeline
ARCOARCOS DORADOS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 788,001 shares 788,001$5.78M2.02%-427,563Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
XPXP INC926,752$17.4Mshares

How Q4 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 0001420506-26-000163 base2026-02-04acceptance time not in the bulk data set