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RAA
RWC Asset Advisors Portfolio holdings
AUM
$464M
1-Year Est. Return
93.73%
This Fund
S&P 500
This Quarter
Est. Return
+0.8%
1 Year Est. Return
+93.73%
3 Year Est. Return
+276.57%
5 Year Est. Return
+466.61%
10 Year Est. Return
+3,241.94%
AUM
$1.05B
AUM Growth
-$268M
(-20%)
Cap. Flow
-$242M
Cap. Flow
% of AUM
-23.12%
Top 10 Holdings %
Top 10 Hldgs %
87.57%
Holding
19
New
2
Increased
5
Reduced
9
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baidu
BIDU
|
+$34.7M |
| 2 |
Petrobras
PBR
|
+$31.7M |
| 3 |
Li Auto
LI
|
+$23M |
| 4 |
TSMC
TSM
|
+$11.9M |
| 5 |
Kosmos Energy
KOS
|
+$8.88M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gold Fields
GFI
|
+$105M |
| 2 |
Vale
VALE
|
+$71.4M |
| 3 |
Full Truck Alliance
YMM
|
+$53.3M |
| 4 |
Alibaba
BABA
|
+$45.6M |
| 5 |
Pinduoduo
PDD
|
+$30M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 34.36% |
| 2 | Materials | 28.84% |
| 3 | Communication Services | 18.13% |
| 4 | Technology | 10.66% |
| 5 | Energy | 7.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Baidu
BIDU
$35.8B
| $190M | 18.13% |
1,385,730
+265,345
| +24% | +$34.7M |
|
|
2
Gold Fields
GFI
$29.2B
| $144M | 13.77% |
10,420,206
-6,904,692
| -40% | -$105M |
|
|
3
Pinduoduo
PDD
$118B
| $126M | 12.06% |
1,824,756
-436,740
| -19% | -$30M |
|
|
4
TSMC
TSM
$2.09T
| $112M | 10.66% |
1,105,261
+127,798
| +13% | +$11.9M |
|
|
5
Li Auto
LI
$12.6B
| $78.9M | 7.55% |
2,248,894
+816,785
| +57% | +$23M |
|
6
Cemex
CX
$17.4B
| $56.3M | 5.38% |
7,946,940
-231,321
| -3% | -$1.47M |
|
|
7
Vale
VALE
$62.9B
| $55M | 5.26% |
4,100,460
-5,040,423
| -55% | -$71.4M |
|
8
Mercado Libre
MELI
$91.3B
| $54.1M | 5.17% |
45,676
-13,179
| -22% | -$16.6M |
|
9
Trip.com Group
TCOM
$27.5B
| $51.3M | 4.91% |
1,466,497
-45,470
| -3% | -$1.58M |
|
|
10
Alibaba
BABA
$269B
| $49M | 4.68% |
587,633
-521,391
| -47% | -$45.6M |
|
11
Southern Copper
SCCO
$141B
| $45.6M | 4.36% |
685,287
-375,084
| -35% | -$25.6M |
|
|
12
Kosmos Energy
KOS
$1.56B
| $41.3M | 3.95% |
6,896,196
+1,363,861
| +25% | +$8.88M |
|
|
13
Petrobras
PBR
$121B
| $36.1M | 3.45% |
+2,608,964
| New | +$31.7M |
|
14
Banco Santander Chile
BSAC
$15.8B
| $2.72M | 0.26% |
144,151
| – | – |
|
15
Corporacion America
CAAP
$4.11B
| $2.04M | 0.2% |
176,415
-89,661
| -34% | -$986K |
|
16
Gran Tierra Energy
GTE
$260M
| $1.54M | 0.15% |
314,423
+160,095
| +104% | +$1.06M |
|
|
LOMA
17
Loma Negra
LOMA
$1.33B
| $749K | 0.07% |
+110,177
| New | +$717K |
|
18
Sociedad Química y Minera de Chile
SQM
$19.6B
| – | – |
-30,362
| Closed | -$2.46M |
|
|
19
Full Truck Alliance
YMM
$9.56B
| – | – |
-7,008,107
| Closed | -$53.3M |
|
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RWC Asset Advisors's Q2 2023 Portfolio in Review
As of Q2 2023, RWC Asset Advisors held 19 positions worth $1.05B, down 20% from $1.31B the previous quarter. Its ten largest holdings account for 88% of the portfolio.
RWC Asset Advisors withdrew a net $242M in Q2 2023, closing 2 positions and reducing 9 holdings. Its most notable exit was Full Truck Alliance, an estimated $53.3M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 34% of assets, down from 35% a quarter earlier, followed by Materials and Communication Services.
Against the trend, RWC Asset Advisors opened a new position in Petrobras worth $36.1M.
- RWC Asset Advisors's largest Q2 2023 buy was Petrobras: 2,608,964 shares worth $36.1M.
- RWC Asset Advisors added most to Baidu in Q2 2023, an estimated $34.7M increase.
- RWC Asset Advisors's biggest Q2 2023 reduction was Gold Fields, cutting an estimated $105M.
- RWC Asset Advisors fully exited Full Truck Alliance in Q2 2023, selling an estimated $53.3M.
- RWC Asset Advisors's ten largest holdings make up 88% of its $1.05B portfolio in Q2 2023.
- RWC Asset Advisors opened 2 new positions and closed 2 in Q2 2023.
- RWC Asset Advisors's portfolio value fell 20% quarter-over-quarter to $1.05B.
Based on RWC Asset Advisors's 13F filing for Q2 2023, filed 4 Aug 2023.