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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 $527,863,915 across 13 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 99.01% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001398344-26-003248

Period
2025-12-31
Reported value
$528M
Holdings
13
Top 10 weight
99.01%
New
2
Sold out
6

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

How groups are built

Stakes and trades reported after 2025-12-31

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
EMBJadded+465,715$30M
MELIadded+9,377$18.9M
SQMadded+230,132$15.8M
GFIadded+241,145$10.5M
VALEadded+537,309$7M

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
NIOexited-10,467,320-$79.8M
GGALreduced-975,689-$52.6M
LIexited-1,638,544-$41.5M
PBRexited-1,518,583-$19.2M
BZreduced-834,689-$17M

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 0001398344-26-003248, largest first. % of portfolio is the value over $527,863,915, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SQMSOCIEDAD QUIMICA Y MINERA DEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 935,557 shares; 2025Q2: 580,405 shares; 2025Q3: 1,232,662 shares; 2025Q4: 1,462,794 shares 1,462,794$101M19.07%+230,132Timeline
VALEVALE S AQuarterly 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: 5,986,453 shares; 2025Q4: 6,523,762 shares 6,523,762$85M16.1%+537,309Timeline
EMBJEMBRAER S.A.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 418,035 shares; 2025Q2: 425,674 shares; 2025Q3: 773,346 shares; 2025Q4: 1,239,061 shares 1,239,061$79.8M15.11%+465,715Timeline
GFIGOLD FIELDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,730,879 shares 1,730,879$75.6M14.32%+241,145Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 450,350 shares 450,350$66M12.51%-32,153Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,811 shares; 2024Q4: 21,555 shares; 2025Q1: 24,560 shares; 2025Q2: 19,258 shares; 2025Q3: 15,231 shares; 2025Q4: 24,608 shares 24,608$49.6M9.39%+9,377Timeline
BZKANZHUN LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,903,150 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,343,840 shares; 2025Q4: 1,509,151 shares 1,509,151$30.8M5.83%-834,689Timeline
GGALGRUPO FINANCIERO GALICIA S.AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 564,498 shares 564,498$30.4M5.77%-975,689Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 375,857 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 24,040 shares 24,040$2.73M0.52%newTimeline
CAAPCORPORACION AMER ARPTS S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 135,260 shares; 2024Q4: 112,226 shares; 2025Q1: 112,226 shares; 2025Q2: 82,327 shares; 2025Q3: 82,327 shares; 2025Q4: 82,327 shares 82,327$2.14M0.41%0Timeline
AEROGRUPO AEROMEXICO SAB DE CVQuarterly 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: 92,412 shares 92,412$2.03M0.38%newTimeline
LOMALOMA NEGRA C I A S A MTN 14Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 160,349 shares; 2024Q4: 160,349 shares; 2025Q1: 160,349 shares; 2025Q2: 144,315 shares; 2025Q3: 144,315 shares; 2025Q4: 144,315 shares 144,315$1.87M0.35%0Timeline
SCCOSOUTHERN COPPER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 320,710 shares; 2024Q4: 320,481 shares; 2025Q1: 258,276 shares; 2025Q2: 232,309 shares; 2025Q3: 9,270 shares; 2025Q4: 9,348 shares 9,348$1.34M0.25%+78Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
NIONIO INC10,467,320$79.8Mshares
LILI AUTO INC1,638,544$41.5Mshares
PBRPETROLEO BRASILEIRO S A1,518,583$19.2Mshares
CPNGCOUPANG INC526,455$17Mshares
YPFYPF SOCIEDAD ANONIMA101,982$2.48Mshares
GTEGRAN TIERRA ENERGY INC226,147$972Kshares

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 0001398344-26-003248 base2026-02-17acceptance time not in the bulk data set