Q3 2026 13F · SEC CIK 1520478

RWC Asset Management LLP

Hedge fundFiled 2026-10-22 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.4B
Reported positions: 108
Top holdings a year, 3 yrs: +13.6%
Assets under management: $17.3B

RWC Asset Management LLP is a hedge fund that reported 108 positions worth $2.4B in its Q3 2026 13F, filed 2026-10-22. Its largest holdings were Macy's Inc (M, 8.2%), Hp Inc (HPQ, 8.1%), J.M. Smucker Co. (SJM, 7.4%). A portfolio copying its top holdings returned 13.6% a year over the last 3 years, against 22.3% for the S&P 500.

RWC Asset Management LLP holdings largest 50 of 108 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

RWC Asset Management LLP 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
MMacy's Inc	8.2%	8.8%	8,788,791	-1.7%	$200.1M
HPQHp Inc	8.1%	5.9%	6,361,266	-1.7%	$199.0M
SJMJ.M. Smucker Co.	7.4%	7.3%	1,528,264	-1.7%	$181.7M
KHCKraft Heinz Co	6.5%	6.9%	6,955,732	-0.6%	$158.0M
CMCSAComcast Corp New	5.9%	6.8%	6,600,472	-0.7%	$143.6M
BAXBaxter Intl Inc	3.1%	3.0%	3,122,618	-6.2%	$74.9M
JNJJohnson & Johnson	2.9%	2.8%	267,730	+2.1%	$70.9M
EXCExelon Corp	2.8%	3.1%	1,677,441	+5.3%	$67.8M
OMCOmnicom Group Inc	2.7%	2.4%	881,342	+10.8%	$64.9M
PBRPetroleo Brasileiro S A Sponsored ADR (b	2.6%	1.8%	3,014,940	+14.6%	$62.9M
GFIGold Fields Ltd.	2.1%	1.6%	1,445,789	+27.8%	$52.2M
VISTVista Energy S.a.b. de C.v.	2.1%	2.1%	787,197	-2.3%	$51.4M
KDPKeurig Dr Pepper Inc	1.9%	1.7%	1,556,100	+24.6%	$47.2M
QSRRestaurant Brands Intl Inc	1.8%	—	634,045	—	$45.1M
PMPhilip Morris Intl Inc	1.4%	1.3%	181,778	+2.2%	$34.7M
PAYXPaychex Inc	1.4%	1.4%	336,700	+2.1%	$33.2M
GGALGrupo Financiero Galicia S.a	1.4%	1.8%	890,348	+4.3%	$33.2M
AMTAmerican Tower Corp	1.4%	1.3%	202,025	+2.1%	$33.1M
ABEVAmbev SA	1.3%	1.4%	10,779,739	+2.2%	$31.5M
MRKMerck & Co Inc	1.3%	1.1%	213,563	+2.1%	$31.0M
EGOEldorado Gold Corp	1.2%	—	793,675	—	$30.5M
WMBWilliams Cos	1.2%	1.1%	418,929	+19.0%	$28.5M
CMSCMS Energy Corp	1.1%	1.4%	442,514	+2.2%	$27.9M
NEENextera Energy Inc	1.1%	1.2%	353,951	+3.6%	$26.8M
PYPLPaypal Hldgs Inc	1.1%	—	509,912	—	$26.8M
MELIMercadolibre Inc	1.1%	0.8%	15,264	+38.7%	$26.4M
YPFYpf Sociedad Anonima	1.1%	1.3%	522,518	-20.9%	$26.2M
TELTe Connectivity PLC	1.0%	1.0%	121,057	+3.9%	$25.6M
ADBEAdobe Inc	1.0%	—	106,223	—	$25.5M
DDominion Energy Inc	1.0%	1.2%	409,681	-2.4%	$24.8M
SQMSociedad Quimica Y Minera de	1.0%	2.0%	373,699	-41.9%	$24.2M
BRXBrixmor Ppty Group Inc	1.0%	1.1%	843,772	+2.1%	$23.3M
CHRDChord Energy Corporation	0.9%	—	158,116	—	$21.2M
UHSUniversal Hlth Svcs Inc	0.9%	—	121,492	—	$21.2M
DVNDevon Energy Corp New	0.9%	0.6%	453,945	+33.6%	$20.9M
CEGConstellation Energy Corp	0.8%	0.8%	78,840	-2.3%	$20.0M
PEGPublic Svc Enterprise Group	0.8%	1.0%	296,752	+3.8%	$20.0M
VSNTVVersant Media Group Inc	0.8%	0.7%	614,629	+34.1%	$19.5M
FRTFederal Rlty Invt Tr New	0.8%	0.9%	179,074	+2.1%	$19.4M
HOGHarley Davidson Inc	0.8%	—	789,678	—	$19.3M
GPNGlobal Pmts Inc	0.8%	—	226,338	—	$18.5M
SYFSynchrony Financial	0.7%	0.6%	255,615	+26.8%	$18.1M
LOMALoma Negra C I A S A Mtn 14	0.7%	0.9%	1,965,612	+0.0%	$18.1M
TEOTelecom Argentina SA	0.6%	0.7%	1,283,341	+0.0%	$15.7M
TLNTalen Energy Corp	0.6%	0.7%	50,306	+19.8%	$15.7M
HUBBHubbell Inc	0.6%	0.7%	33,410	+10.1%	$15.2M
CWENClearway Energy Inc	0.6%	0.7%	512,440	+1.9%	$15.0M
VALEVale S A	0.6%	0.9%	1,066,059	-28.9%	$14.3M
EPAMEPAM Systems Inc	0.5%	—	116,095	—	$12.6M
BABAAlibaba Group Hldg Ltd	0.5%	—	112,173	—	$12.1M

What RWC Asset Management LLP bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +10.4% /yr; S&P 500 +11.7%
3 years: +13.6% /yr; S&P 500 +22.3%
5 years: +3.6% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$2.4B	108
Q2 2026	$2.4B	102
Q1 2026	$2.2B	118
Q4 2025	$1.8B	109
Q3 2025	$1.8B	117
Q2 2025	$1.6B	102
Q1 2025	$1.6B	85
Q4 2024	$1.7B	90
Q3 2024	$1.4B	70
Q2 2024	$1.2B	54
Q1 2024	$1.3B	57
Q4 2023	$1.4B	54

Questions about RWC Asset Management LLP's portfolio

What stocks does RWC Asset Management LLP own?

RWC Asset Management LLP's latest 13F, for Q3 2026 and filed Oct 22, 2026, lists 108 positions worth $2.4B. The largest are Macy's Inc (M) at 8.2%, Hp Inc (HPQ) at 8.1%, J.M. Smucker Co. (SJM) at 7.4%, Kraft Heinz Co (KHC) at 6.5% and Comcast Corp New (CMCSA) at 5.9%.

What did RWC Asset Management LLP buy last quarter?

In Q3 2026, RWC Asset Management LLP added Mercadolibre Inc (MELI) (+38.7% shares), Versant Media Group Inc (VSNTV) (+34.1% shares) and Devon Energy Corp New (DVN) (+33.6% shares), compared with its Q2 2026 filing.

What did RWC Asset Management LLP sell last quarter?

In Q3 2026, RWC Asset Management LLP cut from its top 50 Sysco Corp (SYY), cut from its top 50 Pg&e Corp (PCG), cut from its top 50 Pepsico Inc (PEP), cut from its top 50 Embraer SA ADR (EMBJ), cut from its top 50 Taiwan Semiconductor Manufac (TSM), Sociedad Quimica Y Minera de (SQM) (-41.9% shares), Vale S A (VALE) (-28.9% shares) and Ypf Sociedad Anonima (YPF) (-20.9% shares), compared with its Q2 2026 filing.

How has RWC Asset Management LLP's portfolio performed?

A portfolio copying RWC Asset Management LLP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +13.6% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +10.4% against +11.7%. Over 5 years: +3.6% a year against +10.6%.

When is RWC Asset Management LLP's next 13F filing due?

13F filings are due 45 days after each quarter ends. RWC Asset Management LLP's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does RWC Asset Management LLP manage?

RWC Asset Management LLP reported $17.3B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $2.4B.