1y return+17.2%S&P 500 +20.9%
3y return+31.3%S&P 500 +68.5%
5y return+18.0%S&P 500 +74.5%
10y return+149.0%S&P 500 +256.5%
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 June 30, 2016: $249 against $357 in the S&P 500.2
RWC Asset Management LLPS&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 |
|---|---|---|---|
| MMacys Inc | $210.6M | 8.8% | −20.7% |
| SJMSmucker J M Co | $175.0M | 7.3% | New |
| KHCKraft Heinz Co | $165.3M | 6.9% | +44.4% |
| CMCSAComcast Corp New | $163.2M | 6.8% | +9.7% |
| HPQHp Inc | $142.0M | 5.9% | +3.9% |
| EXCExelon Corp | $74.3M | 3.1% | −2.8% |
| BAXBaxter Intl Inc | $71.0M | 3.0% | +8.2% |
| JNJJohnson & Johnson | $66.6M | 2.8% | +1.9% |
| OMCOmnicom Group Inc | $57.9M | 2.4% | +10.0% |
| VISTVista Energy S.a.b. De C.v. | $51.4M | 2.1% | +34.2% |
| SQMSociedad Quimica Y Minera De | $47.6M | 2.0% | −32.7% |
| SYYSysco Corp | $43.5M | 1.8% | +2.0% |
| GGALGrupo Financiero Galicia S.a | $42.7M | 1.8% | +14.1% |
| PBRPetroleo Brasileiro S A | $42.5M | 1.8% | |
| KDPKeurig Dr Pepper Inc | $40.9M | 1.7% | +1.9% |
| GFIGold Fields Ltd | $38.0M | 1.6% | −15.1% |
| ABEVAmbev Sa | $33.1M | 1.4% | +2.0% |
| CMSCms Energy Corp | $33.1M | 1.4% | +2.0% |
| PAYXPaychex Inc | $32.4M | 1.4% | +1.9% |
| AMTAmerican Tower Corp | $32.4M | 1.3% | +2.0% |
| PMPhilip Morris Intl Inc | $32.2M | 1.3% | +2.0% |
| YPFYpf Sociedad Anonima | $30.0M | 1.3% | +755.6% |
| NEENextera Energy Inc | $30.0M | 1.2% | −6.5% |
| DDominion Energy Inc | $28.7M | 1.2% | −5.1% |
| MRKMerck & Co Inc | $26.9M | 1.1% | +1.9% |
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, 2022 | +570.7% | $42.7M |
| GFIGold Fields Ltd | September 30, 2020 | +173.3% | $38.0M |
| YPFYpf Sociedad Anonima | December 31, 2023 | +164.5% | $30.0M |
| PMPhilip Morris Intl Inc | December 31, 2020 | +118.5% | $32.2M |
| VISTVista Energy S.a.b. De C.v. | September 30, 2023 | +109.9% | $51.4M |
| BRXBrixmor Ppty Group Inc | December 31, 2020 | +90.5% | $26.1M |
| MMacys Inc | March 31, 2025 | +87.5% | $210.6M |
| SQMSociedad Quimica Y Minera De | March 31, 2025 | +86.4% | $47.6M |
| LOMALoma Negra C I A S A Mtn 14 | June 30, 2023 | +68.4% | $22.5M |
| MRKMerck & Co Inc | December 31, 2020 | +57.1% | $26.9M |
Sold off last quarter
- TAPMolson Coors Beverage Co was $50.9M
- LLYEli Lilly & Co was $710K
- ABBVAbbvie Inc was $680K
- SYRESpyre Therapeutics Inc was $412K
- DNTHDianthus Therapeutics Inc was $390K
- GHGuardant Health Inc was $357K
- TMOThermo Fisher Scientific Inc was $353K
- STKLSunopta Inc was $306K
- GKOSGlaukos Corp was $237K
- UNHUnitedhealth Group Inc was $232K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +2.7% | +14.8% |
| March 31, 2026 | −0.8% | −4.6% |
| December 31, 2025 | +6.4% | +2.4% |
| September 30, 2025 | +8.1% | +7.8% |
| June 30, 2025 | +1.3% | +10.5% |
| March 31, 2025 | +2.6% | −4.6% |
| December 31, 2024 | −6.2% | +2.1% |
| September 30, 2024 | +9.4% | +5.4% |
| June 30, 2024 | −0.4% | +4.0% |
| March 31, 2024 | +0.5% | +10.0% |
| December 31, 2023 | +12.8% | +11.2% |
| September 30, 2023 | −6.8% | −3.6% |
| June 30, 2023 | +3.3% | +8.3% |
| March 31, 2023 | +2.5% | +7.0% |
| December 31, 2022 | +11.0% | +7.1% |
| September 30, 2022 | −6.8% | −5.3% |
| June 30, 2022 | −19.3% | −16.5% |
| March 31, 2022 | −2.3% | −4.9% |
| December 31, 2021 | +8.5% | +10.7% |
| September 30, 2021 | −4.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: RWC Asset Management LLP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1520478&type=13F-HR&dateb=&owner=include&count=40CIK 1520478
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1520478/000139834426012809/Filed July 27, 2026 · accession 0001398344-26-012809