RA
RWC Asset Management LLP 13F Portfolio Snapshot & Holdings (Q3 2026)
RWC Asset Management LLPCIK: 0001520478
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$2.7B
Reporting period: 2026-09-30 · Number of holdings: 174
RWC Asset Management LLP disclosed 174 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $2.7B and a quarterly turnover rate of 30.9%.
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Personality snowflake
- Concentration
- 11.85
- Portfolio Stability
- 30.89
- Momentum
- 100
- Sector conviction
- 38.01
- Diversification
- 100
- Sizing Uniformity
- 79.55
RWC Asset Management LLP's disclosed holdings carry a Herfindahl concentration index of 0.030 — mathematically equivalent to about 34 equally-sized positions, well below its 174 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.04), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd HPQ
-1.7% $57.0M
New buy QSR
Sold out SYY
New buy EGO
New buy PYPL
New buy ADBE
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | M | Macy's, Inc. | Stock-Consumer Disc | 7.42% | -0.56% | -1.72% | |
| 2 | HPQ | Hp Inc | Stock-Tech | 7.38% | +2.00% | -1.70% | |
| 3 | SJM | Jm Smucker Co/the | Stock-Consumer Staples | 6.74% | +0.11% | -1.74% | |
| 4 | KHC | Kraft Heinz Co/the | Stock-Consumer Staples | 5.86% | -0.40% | -0.61% | |
| 5 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 5.32% | -0.86% | -0.69% | |
| 6 | BAX | Baxter International Inc | Stock-Healthcare | 2.78% | +0.09% | -6.20% | |
| 7 | JNJ | Johnson & Johnson | Stock-Healthcare | 2.63% | +0.11% | +2.13% | |
| 8 | EXC | Exelon CORP | Stock-Utilities | 2.51% | -0.30% | +5.32% | |
| 9 | OMC | Omnicom Group | Stock-Comm Services | 2.41% | +0.22% | +10.84% | |
| 10 | PBR | Petroleo Brasileiro-spon Adr | Stock-Energy | 2.33% | +0.72% | +14.63% | |
| 11 | GFI | Gold Fields Ltd-spons Adr | Stock-Materials | 1.94% | +0.50% | +27.79% | |
| 12 | VIST | Vista Energy Sab De Cv | Stock-Other | 1.91% | -0.04% | -2.28% | |
| 13 | KDP | Keurig Dr Pepper Inc | Stock-Consumer Staples | 1.75% | +0.20% | +24.57% | |
| 14 | QSR | Restaurant Brands Intern | Stock-Consumer Disc | 1.67% | +1.67% | NEW | |
| 15 | PM | Philip Morris International | Stock-Consumer Staples | 1.29% | +0.07% | +2.22% | |
| 16 | PAYX | Paychex Inc | Stock-Tech | 1.23% | — | +2.13% | |
| 17 | GGAL | Grupo Financiero Galicia-adr | Stock-Other | 1.23% | -0.39% | +4.32% | |
| 18 | AMT | American Tower CORP | Stock-Real Estate | 1.23% | — | +2.13% | |
| 19 | ABEV | Ambev Sa-adr | Stock-Consumer Staples | 1.17% | -0.08% | +2.20% | |
| 20 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.15% | +0.13% | +2.14% | |
| 21 | EGO | Eldorado Gold CORP | Stock-Other | 1.13% | +1.13% | NEW | |
| 22 | WMB | Williams Cos Inc | Stock-Energy | 1.06% | +0.07% | +19.01% | |
| 23 | CMS | Cms Energy CORP | Stock-Utilities | 1.03% | -0.22% | +2.22% | |
| 24 | NEE | Nextera Energy Inc | Stock-Utilities | 0.99% | -0.15% | +3.65% | |
| 25 | PYPL | Paypal Holdings Inc | Stock-Financials | 0.99% | +0.99% | NEW | |
| 26 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 0.98% | +0.27% | +38.65% | |
| 27 | YPF | Ypf S.a.-sponsored Adr | Stock-Other | 0.97% | -0.17% | -20.90% | |
| 28 | TEL | TE Connectivity plc | Stock-Tech | 0.95% | +0.06% | +3.93% | |
| 29 | ADBE | Adobe Inc | Stock-Tech | 0.94% | +0.94% | NEW | |
| 30 | BABA 0.5 06-01-31Bond | Alibaba Group Holding | Bond | 0.93% | +0.73% | +340.77% | |
| 31 | D | Dominion Energy Inc | Stock-Utilities | 0.92% | -0.17% | -2.39% | |
| 32 | SQM | Quimica Y Minera Chil-sp Adr | Stock-Other | 0.90% | -0.90% | -41.92% | |
| 33 | BRX | Brixmor Property Group Inc | Stock-Real Estate | 0.86% | -0.13% | +2.09% | |
| 34 | AKAM 0.375 09-01-27Bond | Akamai Technologies Inc | Bond | 0.80% | +0.28% | +69.65% | |
| 35 | CHRD | Chord Energy CORP | Stock-Energy | 0.79% | +0.28% | +34.53% | |
| 36 | UHS | Universal Health Services-b | Stock-Healthcare | 0.78% | +0.78% | NEW | |
| 37 | DVN | Devon Energy CORP | Stock-Energy | 0.77% | +0.24% | +33.58% | |
| 38 | CEG | Constellation Energy | Stock-Utilities | 0.74% | -0.02% | -2.33% | |
| 39 | PEG | Public Service Enterprise Gp | Stock-Utilities | 0.74% | -0.14% | +3.79% | |
| 40 | VSNT | Versant Media Group Inc | Stock-Comm Services | 0.72% | +0.10% | +34.14% | |
| 41 | FRT | Federal Realty Invs Trust | Stock-Real Estate | 0.72% | -0.10% | +2.11% | |
| 42 | HOG | Harley-davidson Inc | Stock-Consumer Disc | 0.72% | +0.72% | NEW | |
| 43 | GPN | Global Payments Inc | Stock-Industrials | 0.69% | +0.69% | NEW | |
| 44 | SYF | Synchrony Financial | Stock-Financials | 0.67% | +0.09% | +26.81% | |
| 45 | LOMA | Loma Negra Cia Ind-spon Adr | Stock-Other | 0.67% | -0.18% | — | |
| 46 | TEO | Telecom Argentina Sa-sp Adr | Stock-Other | 0.58% | -0.05% | — | |
| 47 | TLN | Talen Energy CORP | Stock-Utilities | 0.58% | -0.03% | +19.79% | |
| 48 | HUBB | Hubbell Inc | Stock-Industrials | 0.56% | -0.04% | +10.13% | |
| 49 | CWEN | Clearway Energy Inc-c | Stock-Utilities | 0.56% | -0.09% | +1.92% | |
| 50 | VALE | Vale Sa-sp Adr | Stock-Materials | 0.53% | -0.32% | -28.95% |
1–50 of 174
Portfolio Performance
Performance for Q4 2026
-1.2%
Performance Last 4 Quarters
+11.9%
- Stdev
- +12.1%
- Beta
- +0.57
- Alpha
- +5.2%
- Max Drawdown
- -6.2%
- Annualized Perf
- +18.6%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.83
- Stutzer
- +0.43
- Treynor
- +0.31
- Sterling
- +1.23
- Calmar
- +2.99
- Information Ratio
- -0.39
- Tracking Error
- +11.2%
- Stdev Down
- +6.3%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +28.2%
- Worst 12 Months
- +3.8%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.48
- Stdev Sectors
- +5.7%
- Skewness
- -0.13
- Kurtosis
- +0.47
- Upside Potential
- +4.44
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 174 | $2.7B | 31 | ||
| 2026 Q2 | 160 | $2.6B | 35 | ||
| 2026 Q1 | 163 | $2.4B | 38 | ||
| 2025 Q4 | 166 | $2.0B | 34 | ||
| 2025 Q3 | 188 | $2.1B | 52 | ||
| 2025 Q2 | 172 | $1.9B | 0 | ||
| 2025 Q1 | 153 | $1.9B | 100 | ||
| 2024 Q4 | 152 | $2.0B | 0 | ||
| 2024 Q3 | 121 | $1.7B | 0 | ||
| 2024 Q2 | 102 | $1.4B | 0 | ||
| 2024 Q1 | 111 | $1.6B | 0 | ||
| 2023 Q4 | 103 | $1.7B | 0 | ||
| 2023 Q3 | 131 | $1.5B | 0 | ||
| 2023 Q2 | 127 | $2.1B | 0 | ||
| 2023 Q1 | 128 | $3.2B | 0 | ||
| 2022 Q4 | 129 | $3.2B | 0 | ||
| 2022 Q3 | 130 | $3.0B | 0 | ||
| 2022 Q2 | 128 | $3.2B | 0 | ||
| 2022 Q1 | 134 | $3.6B | 0 | ||
| 2021 Q4 | 125 | $3.6B | 0 | ||
| 2021 Q3 | 118 | $3.3B | 0 | ||
| 2021 Q2 | 134 | $3.5B | 97 | ||
| 2021 Q1 | 126 | $3.3B | 28 | ||
| 2020 Q4 | 122 | $3.0B | 43 | ||
| 2020 Q3 | 107 | $2.5B | 30 | ||
| 2020 Q2 | 113 | $2.2B | 37 | ||
| 2020 Q1 | 111 | $2.0B | 37 | ||
| 2019 Q4 | 115 | $2.5B | 23 | ||
| 2019 Q3 | 124 | $2.4B | 28 | ||
| 2019 Q2 | 121 | $2.3B | 31 | ||
| 2019 Q1 | 114 | $2.2B | 31 | ||
| 2018 Q4 | 107 | $1.9B | 49 | ||
| 2018 Q3 | 126 | $2.2B | 35 | ||
| 2018 Q2 | 125 | $2.0B | 35 | ||
| 2018 Q1 | 133 | $1.9B | 42 | ||
| 2017 Q4 | 134 | $2.0B | 37 | ||
| 2017 Q3 | 129 | $1.8B | 39 | ||
| 2017 Q2 | 135 | $1.7B | 40 | ||
| 2017 Q1 | 139 | $1.7B | 53 | ||
| 2016 Q4 | 138 | $1.6B | 42 | ||
| 2016 Q3 | 144 | $1.6B | 45 | ||
| 2016 Q2 | 137 | $1.6B | 58 | ||
| 2016 Q1 | 141 | $1.4B | 63 | ||
| 2015 Q4 | 143 | $1.5B | 62 | ||
| 2015 Q3 | 140 | $1.3B | 60 | ||
| 2015 Q2 | 142 | $1.2B | 60 | ||
| 2015 Q1 | 148 | $1.2B | 64 | ||
| 2014 Q4 | 154 | $1.3B | 59 | ||
| 2014 Q3 | 145 | $1.0B | 66 | ||
| 2014 Q2 | 135 | $1.1B | 69 | ||
| 2014 Q1 | 202 | $1.1B | 68 | ||
| 2013 Q4 | 188 | $943.0M | 49 | ||
| 2013 Q3 | 120 | $855.4M | 56 | ||
| 2013 Q2 | 131 | $774.3M | 0 | 1IGT 3.25 05-01-142LLTC 3 05-01-27 A3ADM 0.875 02-15-14 |
Holding changes this quarter
RWC Asset Management LLP's most significant position changes for 2026-09-30: New buy: Restaurant Brands Intern (QSR); Sold out: Sysco CORP (SYY); New buy: Eldorado Gold CORP (EGO); New buy: Paypal Holdings Inc (PYPL); New buy: Adobe Inc (ADBE).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | HPQ | Hp Inc | +2% | -1.70% | Trim |
| 2 | QSR | Restaurant Brands Intern | +1.7% | NEW | New buy |
| 3 | EGO | Eldorado Gold CORP | +1.1% | NEW | New buy |
| 4 | PYPL | Paypal Holdings Inc | +1% | NEW | New buy |
| 5 | ADBE | Adobe Inc | +0.9% | NEW | New buy |
| 6 | UHS | Universal Health Services-b | +0.8% | NEW | New buy |
| 7 | BABA 0.5 06-01-31Bond | Alibaba Group Holding | +0.7% | +340.77% | Add |
| 8 | PBR | Petroleo Brasileiro-spon Adr | +0.7% | +14.63% | Add |
| 9 | HOG | Harley-davidson Inc | +0.7% | NEW | New buy |
| 10 | GPN | Global Payments Inc | +0.7% | NEW | New buy |
| 11 | GFI | Gold Fields Ltd-spons Adr | +0.5% | +27.79% | Add |
| 12 | AKAM 0.375 09-01-27Bond | Akamai Technologies Inc | +0.3% | +69.65% | Add |
| 13 | CHRD | Chord Energy CORP | +0.3% | +34.53% | Add |
| 14 | ✓ | +0.3% | NEW | New buy | |
| 15 | MELI | Mercadolibre Inc | +0.3% | +38.65% | Add |
| 16 | DVN | Devon Energy CORP | +0.2% | +33.58% | Add |
| 17 | SO 4.5 06-15-27Bond | Southern Co | +0.2% | +95.32% | Add |
| 18 | OMC | Omnicom Group | +0.2% | +10.84% | Add |
| 19 | SCCO | Southern Copper CORP | +0.2% | NEW | New buy |
| 20 | KDP | Keurig Dr Pepper Inc | +0.2% | +24.57% | Add |
| 21 | BABA | Alibaba Group Holding-sp Adr | +0.2% | +42.45% | Add |
| 22 | ✓ | +0.2% | +894.55% | Add | |
| 23 | ✓ | +0.1% | NEW | New buy | |
| 24 | MRK | Merck & Co. Inc. | +0.1% | +2.14% | Add |
| 25 | EPAM | Epam Systems Inc | +0.1% | — | Unchanged |
| 26 | SJM | Jm Smucker Co/the | +0.1% | -1.74% | Trim |
| 27 | JNJ | Johnson & Johnson | +0.1% | +2.13% | Add |
| 28 | VSNT | Versant Media Group Inc | +0.1% | +34.14% | Add |
| 29 | BAX | Baxter International Inc | +0.1% | -6.20% | Trim |
| 30 | SYF | Synchrony Financial | +0.1% | +26.81% | Add |
| 31 | MSTR 0.625 09-15-28Bond | Strategy Inc | +0.1% | +485.54% | Add |
| 32 | ✓ | +0.1% | NEW | New buy | |
| 33 | ✓ | +0.1% | NEW | New buy | |
| 34 | DXCM 0.375 05-15-28Bond | Dexcom Inc | +0.1% | NEW | New buy |
| 35 | PM | Philip Morris International | +0.1% | +2.22% | Add |
| 36 | WMB | Williams Cos Inc | +0.1% | +19.01% | Add |
| 37 | ✓ | +0.1% | NEW | New buy | |
| 38 | SEI 0.25 10-01-31Bond | Solaris Energy Infrastru | +0.1% | NEW | New buy |
| 39 | ✓ | +0.1% | NEW | New buy | |
| 40 | TEL | TE Connectivity plc | +0.1% | +3.93% | Add |
| 41 | ✓ | +0.1% | NEW | New buy | |
| 42 | PPL 2.875 03-15-28Bond | Ppl Capital Funding Inc | +0.1% | +40.00% | Add |
| 43 | ✓ | +0.1% | NEW | New buy | |
| 44 | ✓ | +0.1% | NEW | New buy | |
| 45 | ✓ | 0% | NEW | New buy | |
| 46 | TMDX 1.5 06-01-28Bond | Transmedics Group Inc | 0% | NEW | New buy |
| 47 | IONS 1.75 06-15-28Bond | Ionis Pharmaceuticals In | 0% | NEW | New buy |
| 48 | ✓ | 0% | NEW | New buy | |
| 49 | FWONK 2.25 08-15-27Bond | Liberty Media CORP | 0% | +84.94% | Add |
| 50 | ✓ | 0% | NEW | New buy |
1–50 of 189
Filing History
FAQ
What is RWC Asset Management LLP and what type of investor is it?
RWC Asset Management LLP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $2.7B, spread across 174 disclosed positions.
What are RWC Asset Management LLP's largest equity positions?
Based on the latest 13F filing, RWC Asset Management LLP's top holdings by market value are:
1. Macy's, Inc. (M) — $200.1M (7.4%)
2. Hp Inc (HPQ) — $199.0M (7.4%)
3. Jm Smucker Co/the (SJM) — $181.7M (6.7%)
4. Kraft Heinz Co/the (KHC) — $158.0M (5.9%)
5. Comcast Corp-class A (CMCSA) — $143.6M (5.3%)
What changes did RWC Asset Management LLP make in its most recent portfolio filing?
In the latest reported quarter, RWC Asset Management LLP made 169 notable position adjustments: 29 new positions were initiated, 61 existing holdings were added to, 64 positions were partially reduced, and 15 were completely exited. The largest of these moves: New buy: Restaurant Brands Intern (QSR); Sold out: Sysco CORP (SYY); New buy: Eldorado Gold CORP (EGO); New buy: Paypal Holdings Inc (PYPL); New buy: Adobe Inc (ADBE)
What sectors does RWC Asset Management LLP focus on?
RWC Asset Management LLP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Staples: 19.0%
• Information Technology: 15.0%
• Utilities: 14.8%
• Consumer Discretionary: 14.6%
• Communication Services: 9.9%
• Health Care: 8.8%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
RWC Asset Management LLP returned an annualized 18.6% over the trailing 36 months — outperforming the S&P 500 by 5.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.57 (less volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has fallen from 52 to 31 over the past 4 quarters — a shift toward longer holding periods.
It has added to its HPQ position over the past two quarters (+$79.4M, now $199.0M), while trimming SQM over the same stretch (-$53.2M, still holding $24.2M).
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Developer Access
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