1y return+17.1%S&P 500 +20.9%
3y return+63.9%S&P 500 +68.5%
5y return+117.2%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since March 31, 2020: $359 against $290 in the S&P 500.2
INCA Investments LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| BSACBanco Santander Chile New | $64.0M | 18.1% | +53.7% |
| Credicorp LtdCUSIP G2519Y108 | $61.2M | 17.3% | −23.9% |
| GGALGrupo Financiero Galicia S.a | $53.3M | 15.1% | +13.3% |
| LTMLatam Airlines Group Sa | $47.0M | 13.3% | |
| Copa Holdings SaCUSIP P31076105 | $36.9M | 10.4% | |
| Nu Hldgs LtdCUSIP G6683N103 | $32.3M | 9.1% | +59.5% |
| AMXAmerica Movil Sab De Cv | $32.0M | 9.1% | New |
| MELIMercadolibre Inc | $15.0M | 4.2% | +18.1% |
| ITUBItau Unibanco Hldg S A | $6.4M | 1.8% | |
| Arcos Dorados Hldgs IncCUSIP G0457F107 | $5.3M | 1.5% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GGALGrupo Financiero Galicia S.a | September 30, 2021 | +396.8% | $53.3M |
| Credicorp LtdCUSIP G2519Y108 | June 30, 2020 | +191.4% | $61.2M |
| BSACBanco Santander Chile New | June 30, 2020 | +100.8% | $64.0M |
| Arcos Dorados Hldgs IncCUSIP G0457F107 | June 30, 2020 | +92.4% | $5.3M |
| ITUBItau Unibanco Hldg S A | June 30, 2020 | +74.2% | $6.4M |
| MELIMercadolibre Inc | March 31, 2022 | +42.7% | $15.0M |
| Copa Holdings SaCUSIP P31076105 | March 31, 2026 | +36.9% | $36.9M |
| Nu Hldgs LtdCUSIP G6683N103 | March 31, 2024 | +12.0% | $32.3M |
| LTMLatam Airlines Group Sa | December 31, 2025 | +7.9% | $47.0M |
Sold off last quarter
- FMXFomento Economico Mexicano S was $12.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.6% | +14.8% |
| March 31, 2026 | +1.4% | −4.6% |
| December 31, 2025 | +15.7% | +2.4% |
| September 30, 2025 | −9.7% | +7.8% |
| June 30, 2025 | +12.9% | +10.5% |
| March 31, 2025 | +2.2% | −4.6% |
| December 31, 2024 | +1.9% | +2.1% |
| September 30, 2024 | +12.0% | +5.4% |
| June 30, 2024 | −5.3% | +4.0% |
| March 31, 2024 | +5.1% | +10.0% |
| December 31, 2023 | +16.0% | +11.2% |
| September 30, 2023 | −8.0% | −3.6% |
| June 30, 2023 | +17.3% | +8.3% |
| March 31, 2023 | +11.5% | +7.0% |
| December 31, 2022 | +12.6% | +7.1% |
| September 30, 2022 | +0.8% | −5.3% |
| June 30, 2022 | −29.0% | −16.5% |
| March 31, 2022 | +35.4% | −4.9% |
| December 31, 2021 | −3.7% | +10.7% |
| September 30, 2021 | −3.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: INCA Investments LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1513137&type=13F-HR&dateb=&owner=include&count=40CIK 1513137
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1513137/000142050626001318/Filed July 28, 2026 · accession 0001420506-26-001318