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RWC ASSET ADVISORS (US) LLC

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13F filer, CIK 1638081, MIAMI, FL

RWC ASSET ADVISORS (US) LLC reported $610,870,301 across 17 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-10-27. Its ten largest share positions make up 92.91% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001398344-25-019805

Period
2025-09-30
Reported value
$611M
Holdings
17
Top 10 weight
92.91%
New
3
Sold out
2

Part of the filer group RWC ASSET ADVISORS (US) LLC

How groups are built

Stakes and trades reported after 2025-09-30

13D, 13G and Form 4 filings by this filer's group, dated after the 13F period, on securities the quarter does not hold as shares.

  • AUNA AUNA S A: 13G/A 1,520,929 shares, 5.05% of the class, 13G/A filed 2026-10-08, 0001398344-26-018004Timeline
    Accepted , ingested

Largest buys vs the previous quarter

SecurityShares changeApprox. value
NIOnew+10,467,320$79.8M
VALEnew+5,986,453$65M
BZnew+2,343,840$54.8M
GGALadded+1,377,735$38M
SQMadded+652,257$28M

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
GFIreduced-1,790,652-$75.1M
PBRreduced-3,224,940-$40.8M
SCCOreduced-223,039-$27.1M
LIreduced-811,371-$20.6M
MELIreduced-4,027-$9.41M

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 0001398344-25-019805, largest first. % of portfolio is the value over $610,870,301, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,101,444 shares; 2024Q4: 614,635 shares; 2025Q1: 615,165 shares; 2025Q2: 488,630 shares; 2025Q3: 482,503 shares 482,503$86.2M14.12%-6,127Timeline
NIONIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,467,320 shares 10,467,320$79.8M13.06%newTimeline
VALEVALE S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 5,986,453 shares 5,986,453$65M10.64%newTimeline
GFIGOLD FIELDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,566,767 shares; 2024Q4: 6,770,658 shares; 2025Q1: 5,058,302 shares; 2025Q2: 3,280,386 shares; 2025Q3: 1,489,734 shares 1,489,734$62.5M10.23%-1,790,652Timeline
BZKANZHUN LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,903,150 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,343,840 shares 2,343,840$54.8M8.96%newTimeline
SQMSOCIEDAD QUIMICA Y MINERA DEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 935,557 shares; 2025Q2: 580,405 shares; 2025Q3: 1,232,662 shares 1,232,662$53M8.67%+652,257Timeline
EMBJEMBRAER S.A.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 418,035 shares; 2025Q2: 425,674 shares; 2025Q3: 773,346 shares 773,346$46.7M7.65%+347,672Timeline
GGALGRUPO FINANCIERO GALICIA S.AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 702,392 shares; 2024Q4: 437,721 shares; 2025Q1: 227,470 shares; 2025Q2: 162,452 shares; 2025Q3: 1,540,187 shares 1,540,187$42.4M6.95%+1,377,735Timeline
LILI AUTO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,650,660 shares; 2024Q4: 3,181,050 shares; 2025Q1: 2,974,001 shares; 2025Q2: 2,449,915 shares; 2025Q3: 1,638,544 shares 1,638,544$41.5M6.8%-811,371Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,811 shares; 2024Q4: 21,555 shares; 2025Q1: 24,560 shares; 2025Q2: 19,258 shares; 2025Q3: 15,231 shares 15,231$35.6M5.83%-4,027Timeline
PBRPETROLEO BRASILEIRO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,516,191 shares; 2024Q4: 5,216,594 shares; 2025Q1: 4,588,150 shares; 2025Q2: 4,743,523 shares; 2025Q3: 1,518,583 shares 1,518,583$19.2M3.15%-3,224,940Timeline
CPNGCOUPANG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 546,241 shares; 2025Q3: 526,455 shares 526,455$17M2.78%-19,786Timeline
YPFYPF SOCIEDAD ANONIMAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,722,350 shares; 2024Q4: 618,113 shares; 2025Q1: 133,298 shares; 2025Q2: 104,183 shares; 2025Q3: 101,982 shares 101,982$2.48M0.41%-2,201Timeline
CAAPCORPORACION AMER ARPTS S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 135,260 shares; 2024Q4: 112,226 shares; 2025Q1: 112,226 shares; 2025Q2: 82,327 shares; 2025Q3: 82,327 shares 82,327$1.49M0.24%0Timeline
SCCOSOUTHERN COPPER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 320,710 shares; 2024Q4: 320,481 shares; 2025Q1: 258,276 shares; 2025Q2: 232,309 shares; 2025Q3: 9,270 shares 9,270$1.13M0.18%-223,039Timeline
LOMALOMA NEGRA C I A S A MTN 14Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 160,349 shares; 2024Q4: 160,349 shares; 2025Q1: 160,349 shares; 2025Q2: 144,315 shares; 2025Q3: 144,315 shares 144,315$1.06M0.17%0Timeline
GTEGRAN TIERRA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 314,423 shares; 2024Q4: 251,274 shares; 2025Q1: 251,274 shares; 2025Q2: 226,147 shares; 2025Q3: 226,147 shares 226,147$972K0.16%0Timeline

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
KOSKOSMOS ENERGY LTD2,255,539$3.88Mshares
BSACBANCO SANTANDER CHILE NEW48,506$1.22Mshares

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 0001398344-25-019805 base2025-10-27acceptance time not in the bulk data set