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INCA Investments Portfolio holdings
AUM
$282M
1-Year Est. Return
42.53%
This Fund
S&P 500
This Quarter
Est. Return
+16.22%
1 Year Est. Return
+42.53%
3 Year Est. Return
+148.86%
5 Year Est. Return
+217.54%
10 Year Est. Return
+446.73%
AUM
$254M
AUM Growth
-$33.1M
(-12%)
Cap. Flow
-$66.5M
Cap. Flow
% of AUM
-26.16%
Top 10 Holdings %
Top 10 Hldgs %
99.13%
Holding
12
New
1
Increased
3
Reduced
7
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ternium
TX
|
+$16.1M |
| 2 |
Grupo Cibest SA
CIB
|
+$2.86M |
| 3 |
Ambev
ABEV
|
+$1.97M |
| 4 |
Credicorp
BAP
|
+$879K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Itaú Unibanco
ITUB
|
+$27.7M |
| 2 |
Banco Bradesco
BBD
|
+$16.9M |
| 3 |
Banco Santander Chile
BSAC
|
+$15.4M |
| 4 |
BRFS
BRF SA
BRFS
|
+$12.4M |
| 5 |
Copa Holdings
CPA
|
+$8.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 50.31% |
| 2 | Industrials | 18.91% |
| 3 | Materials | 11.58% |
| 4 | Consumer Staples | 10.36% |
| 5 | Consumer Discretionary | 8.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Banco Santander Chile
BSAC
$15.5B
| $46.7M | 18.36% |
2,844,693
-936,607
| -25% | -$15.4M |
|
|
2
Credicorp
BAP
$31B
| $33.2M | 13.08% |
248,614
+6,170
| +3% | +$879K |
|
|
3
Ternium
TX
$8.77B
| $29.4M | 11.58% |
1,938,785
+1,112,924
| +135% | +$16.1M |
|
|
4
Copa Holdings
CPA
$5.67B
| $27M | 10.63% |
534,050
-190,881
| -26% | -$8.81M |
|
|
BRFS
5
DELISTED
BRF SA
BRFS
| $24.1M | 9.49% |
6,073,086
-3,222,914
| -35% | -$12.4M |
|
6
Arcos Dorados Holdings
ARCO
$1.73B
| $22.5M | 8.85% |
5,515,955
-135,535
| -2% | -$506K |
|
|
VLRS
7
Controladora Vuela Compania de Aviacion
VLRS
$880M
| $21.1M | 8.29% |
3,987,460
-813,538
| -17% | -$3.84M |
|
|
8
Banco Bradesco
BBD
$37.4B
| $20.5M | 8.05% |
6,498,910
-5,569,933
| -46% | -$16.9M |
|
|
9
Itaú Unibanco
ITUB
$90.4B
| $20M | 7.89% |
5,871,133
-8,529,086
| -59% | -$27.7M |
|
|
10
Grupo Cibest SA
CIB
$19.1B
| $7.43M | 2.93% |
282,500
+109,000
| +63% | +$2.86M |
|
|
11
Ambev
ABEV
$46.8B
| $2.2M | 0.87% |
+835,000
| New | +$1.97M |
|
12
Banco de Chile
BCH
$20.3B
| – | – |
-164,300
| Closed | -$2.65M |
|
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INCA Investments's Q2 2020 Portfolio in Review
As of Q2 2020, INCA Investments held 12 positions worth $254M, down 12% from $287M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
INCA Investments withdrew a net $66.5M in Q2 2020, closing 1 position and reducing 7 holdings. Its most notable exit was Banco de Chile, an estimated $2.65M position sold in full.
By sector, the portfolio is most concentrated in Financials at 50% of assets, down from 64% a quarter earlier, followed by Industrials and Materials.
Against the trend, INCA Investments opened a new position in Ambev worth $2.2M.
- INCA Investments's largest Q2 2020 buy was Ambev: 835,000 shares worth $2.2M.
- INCA Investments added most to Ternium in Q2 2020, an estimated $16.1M increase.
- INCA Investments's biggest Q2 2020 reduction was Itaú Unibanco, cutting an estimated $27.7M.
- INCA Investments fully exited Banco de Chile in Q2 2020, selling an estimated $2.65M.
- INCA Investments's ten largest holdings make up 99% of its $254M portfolio in Q2 2020.
- INCA Investments opened 1 new position and closed 1 in Q2 2020.
- INCA Investments's portfolio value fell 12% quarter-over-quarter to $254M.
Based on INCA Investments's 13F filing for Q2 2020, filed 13 Aug 2020.