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Asset Manager ← All Institutions

RWC Asset Management LLP

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

Q3 2025 · Filed 2025-10-27
Market Value
$1.8B
+14.1%
Holdings
120
+12
New Purchases
20
Added To
50
Closed
5
Reduced
39
Top 10 Concentration
44.8%
Turnover
20.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
M 11.03% 7.99% +3.04% $195M
SQM 2.70% 0.54% +2.16% $48M
VALE 1.20% 0.00% +1.20% $21M
NIO 1.17% 0.01% +1.17% $21M
BZ 0.94% 0.00% +0.94% $17M
GFI 2.73% 2.00% +0.73% $48M
ES 0.55% 0.00% +0.55% $10M
GGAL 1.28% 0.79% +0.50% $23M
BABA 1.51% 1.07% +0.44% $27M
RUN 0.42% 0.00% +0.42% $7M
SNDK 0.39% 0.00% +0.39% $7M
NEE 2.05% 1.69% +0.36% $36M
ERJ 0.71% 0.40% +0.32% $13M
XEL 0.90% 0.58% +0.31% $16M
D 1.94% 1.78% +0.16% $34M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
INFY 0.00% 1.56% -1.56% $0
KDP 1.89% 3.00% -1.11% $33M
CEG 2.36% 3.41% -1.04% $42M
AMT 2.25% 3.17% -0.92% $40M
PBR 0.66% 1.58% -0.92% $12M
CSCO 2.94% 3.65% -0.71% $52M
VST 1.09% 1.78% -0.70% $19M
MELI 1.38% 1.99% -0.61% $24M
PAYX 1.29% 1.81% -0.52% $23M
TAP 2.75% 3.24% -0.49% $49M
ABEV 1.38% 1.83% -0.45% $24M
LI 0.51% 0.95% -0.44% $9M
TLN 0.44% 0.86% -0.42% $8M
PM 1.07% 1.47% -0.41% $19M
SYY 2.53% 2.86% -0.33% $45M

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 11 $202M 11.4%
Large Cap 73 $1.1B 60.4%
Mid Cap 28 $482M 27.2%
Small Cap 8 $18M 1.0%

Portfolio Analytics

Avg Market Cap
$65.7B
Median Market Cap
$23.0B
Avg P/E
27.0
Median P/E
22.2
Avg Dividend Yield
0.02%
Avg Beta
0.88
# Stocks
120
# ETFs / Funds
0

Top Holdings (120 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 M 11.03% 10,902,310 $195M $17.93 $71M +255,473 +2.4%
2 HPQ 9.02% 5,871,898 $160M $27.23 $19M +116,279 +2.0%
3 EXC 4.99% 1,966,320 $89M $45.01 $8M +112,199 +6.0%
4 LEA 3.24% 570,048 $57M $100.61 $5M +20,900 +3.8%
5 CSCO 2.94% 762,125 $52M $68.42 -$5M -56,104 -6.9%
6 JNJ 2.88% 275,592 $51M $185.42 $6M -20,593 -7.0%
7 TAP 2.75% 1,075,703 $49M $45.25 -$2M +28,529 +2.7%
8 GFI 2.73% 1,152,172 $48M $41.96 $17M -160,680 -12.2%
9 SQM 2.70% 1,113,807 $48M $42.98 $40M +876,754 +369.9%
10 SYY 2.53% 545,201 $45M $82.34 $466K -41,350 -7.0%
11 CEG 2.36% 127,338 $42M $329.07 -$11M -36,792 -22.4%
12 AMT 2.25% 207,454 $40M $192.32 -$9M -15,515 -7.0%
13 NEE 2.05% 481,798 $36M $75.49 $10M +102,745 +27.1%
14 D 1.94% 563,459 $34M $61.17 $7M +73,209 +14.9%
15 KDP 1.89% 1,311,735 $33M $25.51 -$13M -98,199 -7.0%
16 CMS 1.86% 450,423 $33M $73.26 -$661K -35,410 -7.3%
17 OMC 1.73% 376,607 $31M $81.53 $2M -28,294 -7.0%
18 BABA 1.51% 149,596 $27M $178.73 $10M +3,588 +2.5%
19 PEP 1.42% 179,770 $25M $140.44 -$257K -13,383 -6.9%
20 ABEV 1.38% 10,968,634 $24M $2.23 -$4M -860,648 -7.3%
21 MELI 1.38% 10,463 $24M $2,336.94 -$6M -1,365 -11.5%
22 PEG 1.36% 289,933 $24M $83.46 $3M +40,571 +16.3%
23 BRX 1.36% 871,560 $24M $27.68 -$235K -63,923 -6.8%
24 PAYX 1.29% 179,863 $23M $126.76 -$5M -13,388 -6.9%
25 GGAL 1.28% 826,175 $23M $27.56 $11M +583,403 +240.3%
26 BSAC 1.27% 850,868 $23M $26.50 $1M +468 +0.1%
27 VALE 1.20% 1,951,385 $21M $10.86 +1,951,385 NEW
28 CWEN 1.19% 745,537 $21M $28.25 -$193K +81,349 +12.2%
29 NIO 1.17% 2,733,551 $21M $7.62 $21M +2,701,721 +8488.0%
30 VST 1.09% 98,343 $19M $195.92 -$8M -44,621 -31.2%
31 PM 1.07% 116,687 $19M $162.20 -$4M -9,172 -7.3%
32 FRT 1.06% 185,015 $19M $101.31 -$120K -13,570 -6.8%
33 MRK 1.04% 219,482 $18M $83.93 -$251K -16,391 -7.0%
34 BZ 0.94% 710,303 $17M $23.36 +710,303 NEW
35 AQN 0.92% 3,045,320 $16M $5.37 $3M +771,829 +34.0%
36 AVA 0.91% 425,746 $16M $37.81 $2M +50,821 +13.6%
37 XEL 0.90% 197,225 $16M $80.65 $7M +64,016 +48.1%
38 TECK 0.85% 341,878 $15M $43.89 $3M +43,571 +14.6%
39 TEL 0.82% 66,310 $15M $219.53 $2M -5,756 -8.0%
40 FSLR 0.81% 65,415 $14M $220.53 $4M -68 -0.1%
41 VIST 0.77% 398,909 $14M $34.40 $169K +115,432 +40.7%
42 HUBB 0.75% 30,756 $13M $430.31 $1M +1,910 +6.6%
43 ORA 0.74% 136,101 $13M $96.25 $3M +11,063 +8.8%
44 ERJ 0.71% 208,412 $13M $60.45 $6M +100,437 +93.0%
45 AEP 0.66% 104,427 $12M $112.50 $884K -276 -0.3%
46 PBR 0.66% 924,327 $12M $12.66 -$13M -1,035,240 -52.8%
47 SO 0.64% 119,530 $11M $94.77 $306K -494 -0.4%
48 LAUR 0.61% 343,030 $11M $31.54 $3M -988 -0.3%
49 LOMA 0.60% 1,436,459 $11M $7.37 -$2M +257,318 +21.8%
50 DTE 0.59% 73,638 $10M $141.43 $621K -297 -0.4%
51 ES 0.55% 137,630 $10M $71.14 +137,630 NEW
52 LI 0.51% 359,124 $9M $25.34 -$6M -187,006 -34.2%
53 WM 0.51% 40,985 $9M $220.83 -$233K +412 +1.0%
54 TLN 0.44% 18,197 $8M $425.38 -$6M -27,721 -60.4%
55 DINO 0.42% 143,634 $8M $52.34 $3M +33,394 +30.3%
56 RUN 0.42% 433,444 $7M $17.29 +433,444 NEW
57 DAL 0.40% 126,185 $7M $56.75 $1M +10,998 +9.6%
58 SYF 0.40% 99,702 $7M $71.05 $2M +23,242 +30.4%
59 SNDK 0.39% 61,426 $7M $112.20 +61,426 NEW
60 AES 0.38% 514,592 $7M $13.16 $3M +145,927 +39.6%
61 AEE 0.38% 64,616 $7M $104.38 $523K -163 -0.2%
62 LNT 0.32% 84,584 $6M $67.41 $1M +15,022 +21.6%
63 CPNG 0.30% 166,000 $5M $32.20 $490K +3,949 +2.4%
64 TEO 0.27% 669,828 $5M $7.27 -$1M +2,383 +0.4%
65 JXN 0.25% 43,720 $4M $101.23 $1M +10,098 +30.0%
66 IPG 0.21% 133,069 $4M $27.91 $1M +31,191 +30.6%
67 SUPV 0.21% 744,609 $4M $4.95 -$4M
68 GTE.TO 0.19% 772,507 $3M $4.30 -$360K
69 AWK 0.19% 23,763 $3M $139.19 $3K +5 +0.0%
70 YPF 0.16% 117,075 $3M $24.29 -$822K +519 +0.5%
71 WTRG 0.13% 58,349 $2M $39.90 $161K
72 VZ 0.08% 32,682 $1M $43.95 $69K +1,070 +3.4%
73 CAAP 0.08% 75,387 $1M $18.12 -$161K
74 PDD 0.05% 6,390 $845K $132.17 +6,390 NEW
75 XYL 0.05% 5,425 $800K $147.50 -$33K -1,019 -15.8%
76 TRMB 0.04% 9,493 $775K $81.65 $58K +54 +0.6%
77 ACM 0.04% 5,478 $715K $130.47 $113K +144 +2.7%
78 SBS 0.04% 27,437 $683K $24.89 $80K
79 ITRI 0.04% 5,033 $627K $124.56 -$195K -1,214 -19.4%
80 WTS 0.04% 2,232 $623K $279.28 $89K +58 +2.7%
81 ECL 0.03% 2,194 $601K $273.86 $115K +390 +21.6%
82 MWA 0.03% 22,513 $575K $25.52 $48K +592 +2.7%
83 LLY 0.03% 750 $572K $763.00 $150K +208 +38.4%
84 PL 0.03% 42,320 $549K $12.98 $257K -5,528 -11.6%
85 RSG 0.03% 2,382 $547K $229.48 -$47K -25 -1.0%
86 CLH 0.03% 2,131 $495K $232.22 -$3K -23 -1.1%
87 ABBV 0.03% 2,108 $488K $231.54 $206K +586 +38.5%
88 WMS 0.03% 3,234 $449K $138.70 $87K +85 +2.7%
89 TTEK 0.02% 12,253 $409K $33.38 -$20K +322 +2.7%
90 VMI 0.02% 1,027 $398K $387.73 $54K -27 -2.6%
91 BSX 0.02% 3,848 $376K $97.63 $77K +1,069 +38.5%
92 GH 0.02% 5,846 $365K $62.48 -$42K -1,973 -25.2%
93 BLL 0.02% 7,033 $355K $50.42 -$173K -2,376 -25.2%
94 EXAS 0.02% 6,352 $348K $54.71 +6,352 NEW
95 DE 0.02% 750 $343K $457.26 -$42K -8 -1.1%
96 CPRT 0.02% 7,386 $332K $44.97 -$30K
97 ABT 0.02% 2,398 $321K $133.94 $86K +667 +38.5%
98 KAI 0.02% 1,012 $301K $297.58 -$12K +26 +2.6%
99 ONC 0.02% 852 $290K $340.70 +852 NEW
100 HCA 0.02% 680 $290K $426.20 +680 NEW

New Positions

SymbolValue% Port
VALE $21M 1.20%
BZ $17M 0.94%
ES $10M 0.55%
RUN $7M 0.42%
SNDK $7M 0.39%
PDD $845K 0.05%
EXAS $348K 0.02%
ONC $290K 0.02%
HCA $290K 0.02%
MIRM $278K 0.02%
IRTC $274K 0.02%
HOLX $267K 0.02%
UNH $262K 0.01%
TMO $231K 0.01%
EYPT $231K 0.01%

Sold Out Positions

SymbolValue% Port
INFY —%
KOS —%
BMI —%
NTES —%
QFIN —%
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