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Asset Manager ← All Institutions

RWC Asset Management LLP

VERDE 4TH FLOOR, 10 BRESSENDEN PLACE, LONDON, X0 SW1E 5DH • 011442072276000

Q2 2025 · Filed 2025-08-13
Market Value
$1.6B
+2.8%
Holdings
108
+10
New Purchases
25
Added To
24
Closed
8
Reduced
45
Top 10 Concentration
45.0%
Turnover
30.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
M 7.99% 5.35% +2.64% $124M
HPQ 9.06% 7.33% +1.73% $141M
AQN 0.84% 0.00% +0.84% $13M
CEG 3.41% 2.60% +0.81% $53M
VST 1.78% 1.11% +0.67% $28M
GGAL 0.79% 0.16% +0.63% $12M
LEA 3.36% 2.80% +0.55% $52M
MELI 1.99% 1.64% +0.35% $31M
CPNG 0.31% 0.00% +0.31% $5M
PEG 1.35% 1.12% +0.23% $21M
DAL 0.36% 0.16% +0.21% $6M
TLN 0.86% 0.65% +0.21% $13M
LAUR 0.52% 0.35% +0.17% $8M
VIST 0.87% 0.71% +0.16% $14M
DINO 0.29% 0.13% +0.16% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NEM 0.00% 1.04% -1.04% $0
EXC 5.18% 6.09% -0.91% $81M
PDD 0.00% 0.85% -0.85% $0
CIB 0.00% 0.83% -0.83% $0
NXPI 0.00% 0.74% -0.74% $0
BABA 1.07% 1.62% -0.55% $17M
GFI 2.00% 2.52% -0.52% $31M
JNJ 2.91% 3.43% -0.51% $45M
OMC 1.87% 2.34% -0.47% $29M
CMS 2.17% 2.56% -0.39% $34M
PEP 1.64% 2.02% -0.38% $26M
KDP 3.00% 3.36% -0.37% $47M
TEL 0.78% 1.08% -0.30% $12M
MRK 1.20% 1.48% -0.28% $19M
PAYX 1.81% 2.08% -0.27% $28M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Utilities 17.4%
Consumer Defensive 14.2%
Consumer Cyclical 14.1%
Communication Services 11.8%
Basic Materials 9.3%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 9 $188M 12.1%
Large Cap 68 $979M 63.0%
Mid Cap 25 $360M 23.2%
Small Cap 6 $27M 1.7%

Portfolio Analytics

Avg Market Cap
$65.5B
Median Market Cap
$23.0B
Avg P/E
26.7
Median P/E
21.3
Avg Dividend Yield
0.02%
Avg Beta
0.79
# Stocks
108
# ETFs / Funds
0

Top Holdings (108 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 HPQ 9.06% 5,755,619 $141M $24.46 $30M +1,754,753 +43.9%
2 M 7.99% 10,646,837 $124M $11.66 $43M +4,208,320 +65.4%
3 EXC 5.18% 1,854,121 $81M $43.42 -$12M -144,026 -7.2%
4 CSCO 3.65% 818,229 $57M $69.38 $4M -43,047 -5.0%
5 CEG 3.41% 164,130 $53M $322.76 $14M -30,962 -15.9%
6 LEA 3.36% 549,148 $52M $94.98 $10M +69,154 +14.4%
7 TAP 3.24% 1,047,174 $50M $48.09 -$977K +203,808 +24.2%
8 AMT 3.17% 222,969 $49M $221.02 -$2M -11,849 -5.0%
9 KDP 3.00% 1,409,934 $47M $33.06 -$4M -76,119 -5.1%
10 JNJ 2.91% 296,185 $45M $152.75 -$7M -15,989 -5.1%
11 SYY 2.86% 586,551 $44M $75.74 -$2M -32,209 -5.2%
12 CMS 2.17% 485,833 $34M $69.28 -$5M -28,542 -5.5%
13 GFI 2.00% 1,312,852 $31M $23.67 -$7M -409,730 -23.8%
14 MELI 1.99% 11,828 $31M $2,613.63 $6M -840 -6.6%
15 OMC 1.87% 404,901 $29M $71.94 -$6M -21,600 -5.1%
16 ABEV 1.83% 11,829,282 $29M $2.41 -$610K -668,109 -5.3%
17 PAYX 1.81% 193,251 $28M $145.46 -$3M -10,516 -5.2%
18 D 1.78% 490,250 $28M $56.52 $333K +2,002 +0.4%
19 VST 1.78% 142,964 $28M $193.81 $11M -308 -0.2%
20 NEE 1.69% 379,053 $26M $69.42 -$412K +2,045 +0.5%
21 PEP 1.64% 193,153 $26M $132.04 -$5M -10,406 -5.1%
22 PBR 1.58% 1,959,567 $25M $12.51 -$2M +124,575 +6.8%
23 BRX 1.57% 935,483 $24M $26.04 -$2M -47,867 -4.9%
24 INFY 1.56% 1,310,605 $24M $18.53 -$858K -67,118 -4.9%
25 PM 1.47% 125,859 $23M $182.13 $2M -7,383 -5.5%
26 BSAC 1.38% 850,400 $21M $25.22 $3M +23,646 +2.9%
27 CWEN 1.37% 664,188 $21M $32.00 $2M +26,862 +4.2%
28 PEG 1.35% 249,362 $21M $84.18 $4M +44,089 +21.5%
29 FRT 1.21% 198,585 $19M $94.99 -$2M -10,452 -5.0%
30 MRK 1.20% 235,873 $19M $79.16 -$4M -13,380 -5.4%
31 BABA 1.07% 146,008 $17M $113.41 -$8M -38,932 -21.1%
32 LI 0.95% 546,130 $15M $27.11 -$3M -141,568 -20.6%
33 AVA 0.92% 374,925 $14M $37.95 -$983K +11,613 +3.2%
34 VIST 0.87% 283,477 $14M $47.81 $3M +53,045 +23.0%
35 TLN 0.86% 45,918 $13M $290.77 $4M -3,386 -6.9%
36 AQN 0.84% 2,273,491 $13M $5.73 +2,273,491 NEW
37 LOMA 0.83% 1,179,141 $13M $10.97 -$677K -59,444 -4.8%
38 GGAL 0.79% 242,772 $12M $50.39 $10M +198,437 +447.6%
39 TEL 0.78% 72,066 $12M $168.67 -$4M -43,154 -37.5%
40 TECK 0.78% 298,307 $12M $40.38 -$422K -43,942 -12.8%
41 HUBB 0.76% 28,846 $12M $408.41 -$3M -14,398 -33.3%
42 SO 0.71% 120,024 $11M $91.83 -$49K -375 -0.3%
43 AEP 0.70% 104,703 $11M $103.76 -$600K -207 -0.2%
44 FSLR 0.70% 65,483 $11M $165.54 $2M -1,800 -2.7%
45 ORA 0.67% 125,038 $10M $83.76 $2M -1,305 -1.0%
46 DTE 0.63% 73,935 $10M $132.46 -$461K -228 -0.3%
47 WM 0.60% 40,573 $9M $228.82 $49K +685 +1.7%
48 XEL 0.58% 133,209 $9M $68.10 -$386K -387 -0.3%
49 SQM 0.54% 237,053 $8M $35.27 -$2M -19,997 -7.8%
50 LAUR 0.52% 344,018 $8M $23.38 $3M +85,083 +32.9%
51 SUPV 0.51% 744,609 $8M $10.59 -$2M
52 AEE 0.40% 64,779 $6M $96.04 -$294K -120 -0.2%
53 ERJ 0.40% 107,975 $6M $56.91 $897K -5,608 -4.9%
54 TEO 0.38% 667,445 $6M $8.83 -$908K
55 DAL 0.36% 115,187 $6M $49.18 $3M +61,254 +113.6%
56 SYF 0.33% 76,460 $5M $66.74 $2M +19,083 +33.3%
57 CPNG 0.31% 162,051 $5M $29.96 +162,051 NEW
58 DINO 0.29% 110,240 $5M $41.08 $2M +48,318 +78.0%
59 LNT 0.27% 69,562 $4M $60.47 -$282K -185 -0.3%
60 AES 0.25% 368,665 $4M $10.52 -$714K -1,106 -0.3%
61 GTE.TO 0.24% 772,507 $4M $4.76 -$93K
62 YPF 0.24% 116,556 $4M $31.45 $2M +65,813 +129.7%
63 AWK 0.21% 23,758 $3M $139.11 $178K +2,561 +12.1%
64 JXN 0.19% 33,622 $3M $88.79 $809K +7,641 +29.4%
65 IPG 0.16% 101,878 $2M $24.48 $359K +23,259 +29.6%
66 WTRG 0.14% 58,349 $2M $37.14 -$139K
67 CAAP 0.10% 75,387 $2M $20.26 -$235K -20,920 -21.7%
68 KOS 0.09% 857,485 $1M $1.72 -$998K -227,194 -20.9%
69 VZ 0.09% 31,612 $1M $43.27 $40K +2,348 +8.0%
70 XYL 0.05% 6,444 $834K $129.36 +6,444 NEW
71 ITRI 0.05% 6,247 $822K $131.63 +6,247 NEW
72 TRMB 0.05% 9,439 $717K $75.98 +9,439 NEW
73 NTES 0.04% 4,890 $658K $134.58 -$575K -7,095 -59.2%
74 SBS 0.04% 27,437 $603K $21.97 +27,437 NEW
75 ACM 0.04% 5,334 $602K $112.86 +5,334 NEW
76 RSG 0.04% 2,407 $594K $246.61 +2,407 NEW
77 QFIN 0.04% 13,454 $583K $43.36 -$21K
78 WTS 0.03% 2,174 $535K $245.89 +2,174 NEW
79 BLL 0.03% 9,409 $528K $56.09 +9,409 NEW
80 MWA 0.03% 21,921 $527K $24.04 +21,921 NEW
81 CLH 0.03% 2,154 $498K $231.18 +2,154 NEW
82 ECL 0.03% 1,804 $486K $269.44 +1,804 NEW
83 TTEK 0.03% 11,931 $429K $35.96 +11,931 NEW
84 LLY 0.03% 542 $423K $779.53 $15K +49 +9.9%
85 GH 0.03% 7,819 $407K $52.04 +7,819 NEW
86 DE 0.02% 758 $385K $508.49 +758 NEW
87 CPRT 0.02% 7,386 $362K $49.07 +7,386 NEW
88 WMS 0.02% 3,149 $362K $114.86 +3,149 NEW
89 VMI 0.02% 1,054 $344K $326.57 +1,054 NEW
90 KAI 0.02% 986 $313K $317.45 +986 NEW
91 INSM 0.02% 3,052 $307K $100.64 $46K -368 -10.8%
92 BSX 0.02% 2,779 $298K $107.41 $11K -66 -2.3%
93 PL 0.02% 47,848 $292K $6.10 +47,848 NEW
94 STN 0.02% 2,609 $283K $108.59 +2,609 NEW
95 ABBV 0.02% 1,522 $283K $185.62 -$44K -36 -2.3%
96 STKL 0.02% 45,923 $266K $5.80 +45,923 NEW
97 ABT 0.02% 1,731 $235K $136.01 $377 -41 -2.3%
98 BMI 0.01% 884 $217K $244.95 +884 NEW
99 DXCM 0.01% 2,347 $205K $87.29 +2,347 NEW
100 NIO 0.01% 31,830 $109K $3.43 -$12K

New Positions

SymbolValue% Port
AQN $13M 0.84%
CPNG $5M 0.31%
XYL $834K 0.05%
ITRI $822K 0.05%
TRMB $717K 0.05%
SBS $603K 0.04%
ACM $602K 0.04%
RSG $594K 0.04%
WTS $535K 0.03%
BLL $528K 0.03%
MWA $527K 0.03%
CLH $498K 0.03%
ECL $486K 0.03%
TTEK $429K 0.03%
GH $407K 0.03%

Sold Out Positions

SymbolValue% Port
NEM —%
TAL —%
CIB —%
FUTU —%
PDD —%
NXPI —%
ONC —%
ZLAB —%
View SEC EDGAR Filings for RWC Asset Management LLP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms