# RWC Asset Management LLP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1520478. Source: https://holderbook.com/funds/1520478-rwc-asset-management-llp/

- Reported value: $2.6B
- Positions: 160
- Weight of the ten largest: 44.6%
- Filed: 2026-07-27

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MACYS INC | [M](https://holderbook.com/stocks/M/) | $210.6M | 8,942,844 | 8.0% | 6 |
| SMUCKER J M CO | [SJM](https://holderbook.com/stocks/SJM/) | $175.0M | 1,555,311 | 6.6% | 1 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $165.3M | 6,998,616 | 6.3% | 2 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $163.2M | 6,646,575 | 6.2% | 2 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $142.0M | 6,471,380 | 5.4% | 43 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $74.3M | 1,592,781 | 2.8% | 23 |
| BAXTER INTL INC | [BAX](https://holderbook.com/stocks/BAX/) | $71.0M | 3,329,168 | 2.7% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $66.6M | 262,139 | 2.5% | 15 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $57.9M | 795,132 | 2.2% | 25 |
| VISTA ENERGY S.A.B. DE C.V. | [VIST](https://holderbook.com/stocks/VIST/) | $51.4M | 805,548 | 1.9% | 12 |
| SOCIEDAD QUIMICA Y MINERA DE | [SQM](https://holderbook.com/stocks/SQM/) | $47.6M | 643,447 | 1.8% | 6 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $43.5M | 520,035 | 1.6% | 10 |
| GRUPO FINANCIERO GALICIA S.A | [GGAL](https://holderbook.com/stocks/GGAL/) | $42.7M | 853,445 | 1.6% | 16 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $42.5M | 2,630,124 | 1.6% | 13 |
| KEURIG DR PEPPER INC | [KDP](https://holderbook.com/stocks/KDP/) | $40.9M | 1,249,198 | 1.5% | 11 |
| GOLD FIELDS LTD | [GFI](https://holderbook.com/stocks/GFI/) | $38.0M | 1,131,408 | 1.4% | 24 |
| AMBEV SA | [ABEV](https://holderbook.com/stocks/ABEV/) | $33.1M | 10,547,747 | 1.3% | 23 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $33.1M | 432,884 | 1.3% | 23 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $32.4M | 329,670 | 1.2% | 23 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $32.4M | 197,806 | 1.2% | 13 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $32.2M | 177,837 | 1.2% | 23 |
| YPF SOCIEDAD ANONIMA | [YPF](https://holderbook.com/stocks/YPF/) | $30.0M | 660,589 | 1.1% | 11 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $30.0M | 341,499 | 1.1% | 8 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $28.7M | 419,724 | 1.1% | 8 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $26.9M | 209,086 | 1.0% | 23 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $26.2M | 352,000 | 1.0% | 2 |
| BRIXMOR PPTY GROUP INC | [BRX](https://holderbook.com/stocks/BRX/) | $26.1M | 826,470 | 1.0% | 23 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $23.6M | 1,402,347 | 0.9% | 3 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $23.5M | 116,476 | 0.9% | 7 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $23.2M | 285,918 | 0.9% | 8 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $23.1M | 170,924 | 0.9% | 23 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $22.6M | 1,500,372 | 0.9% | 4 |
| LOMA NEGRA CORP | [LOMA](https://holderbook.com/stocks/LOMA/) | $22.5M | 1,965,612 | 0.9% | 13 |
| FEDERAL RLTY INVT TR NEW | [FRT](https://holderbook.com/stocks/FRT/) | $21.6M | 175,377 | 0.8% | 18 |
| EMBRAER S.A. | [EMBJ](https://holderbook.com/stocks/EMBJ/) | $21.5M | 336,491 | 0.8% | 6 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $20.0M | 80,723 | 0.8% | 8 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $19.3M | 40,381 | 0.7% | 2 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $18.7M | 11,009 | 0.7% | 18 |
| OWENS CORNING NEW | [OC](https://holderbook.com/stocks/OC/) | $18.3M | 115,381 | 0.7% | 2 |
| CLEARWAY ENERGY INC | [CWEN](https://holderbook.com/stocks/CWEN/) | $17.2M | 502,780 | 0.7% | 8 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $17.0M | 182,031 | 0.6% | 10 |
| TELECOM ARGENTINA S A | [TEO](https://holderbook.com/stocks/TEO/) | $16.7M | 1,283,341 | 0.6% | 11 |
| VERSANT MEDIA GROUP INC | [VSNT](https://holderbook.com/stocks/VSNT/) | $16.5M | 458,188 | 0.6% | 2 |
| TALEN ENERGY CORP | [TLN](https://holderbook.com/stocks/TLN/) | $16.1M | 41,994 | 0.6% | 6 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $15.9M | 30,338 | 0.6% | 7 |
| LEAR CORP | [LEA](https://holderbook.com/stocks/LEA/) | $15.8M | 117,819 | 0.6% | 11 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $15.3M | 201,568 | 0.6% | 43 |
| FERVO ENERGY CO | [FRVO](https://holderbook.com/stocks/FRVO/) | $15.0M | 512,863 | 0.6% | 1 |
| FIRSTENERGY CORP | - | $14.4M | 12,915,000 | 0.5% | 1 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $14.0M | 339,820 | 0.5% | 3 |
| AKAMAI TECHNOLOGIES INC | - | $13.6M | 11,345,000 | 0.5% | 1 |
| ALGONQUIN POWER & UTILITIES | [AQN](https://holderbook.com/stocks/AQN/) | $13.6M | 2,317,719 | 0.5% | 5 |
| CHORD ENERGY CORPORATION | [CHRD](https://holderbook.com/stocks/CHRD/) | $13.4M | 117,533 | 0.5% | 2 |
| TECK RESOURCES LTD | [TECK](https://holderbook.com/stocks/TECK/) | $11.1M | 186,597 | 0.4% | 7 |
| GRUPO SUPERVIELLE S.A. | [SUPV](https://holderbook.com/stocks/SUPV/) | $10.7M | 1,112,069 | 0.4% | 7 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $10.6M | 132,305 | 0.4% | 7 |
| ORMAT TECHNOLOGIES INC | [ORA](https://holderbook.com/stocks/ORA/) | $10.6M | 97,289 | 0.4% | 8 |
| WEC ENERGY GROUP INC | - | $10.5M | 8,465,000 | 0.4% | 5 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $10.3M | 107,737 | 0.4% | 7 |
| INFOSYS LTD | [INFY](https://holderbook.com/stocks/INFY/) | $10.0M | 957,414 | 0.4% | 1 |
| UBER TECHNOLOGIES INC | - | $10.0M | 8,365,000 | 0.4% | 7 |
| JD.COM INC | - | $9.8M | 10,007,000 | 0.4% | 5 |
| EPAM SYS INC | [EPAM](https://holderbook.com/stocks/EPAM/) | $9.2M | 116,095 | 0.3% | 3 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $8.9M | 56,366 | 0.3% | 7 |
| AVISTA CORP | [AVA](https://holderbook.com/stocks/AVA/) | $8.9M | 216,488 | 0.3% | 8 |
| GAMESTOP CORP | - | $8.8M | 8,630,000 | 0.3% | 1 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $8.7M | 63,520 | 0.3% | 7 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $8.1M | 112,645 | 0.3% | 4 |
| SOUTHERN CO | - | $8.0M | 7,225,000 | 0.3% | 5 |
| CMS ENERGY CORP | - | $8.0M | 7,147,000 | 0.3% | 4 |
| WEC ENERGY GROUP INC | - | $7.9M | 7,540,000 | 0.3% | 1 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $7.7M | 50,366 | 0.3% | 7 |
| RIVIAN AUTOMOTIVE INC | - | $7.7M | 6,471,000 | 0.3% | 10 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $7.6M | 78,744 | 0.3% | 10 |
| UBER TECHNOLOGIES INC | - | $7.4M | 6,377,000 | 0.3% | 1 |
| AES CORP | [AES](https://holderbook.com/stocks/AES/) | $6.8M | 464,123 | 0.3% | 7 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $6.7M | 59,601 | 0.3% | 7 |
| SUNRUN INC | [RUN](https://holderbook.com/stocks/RUN/) | $6.7M | 497,268 | 0.3% | 4 |
| SNOWFLAKE INC | - | $6.6M | 3,955,000 | 0.2% | 1 |
| ALLIANT ENERGY CORP | - | $6.5M | 5,928,000 | 0.2% | 1 |
| COINBASE GLOBAL INC | - | $6.3M | 7,019,000 | 0.2% | 6 |
| GLOBAL PMTS INC | - | $6.1M | 6,807,000 | 0.2% | 6 |
| JACKSON FINANCIAL INC | [JXN](https://holderbook.com/stocks/JXN/) | $6.0M | 58,510 | 0.2% | 10 |
| CLOUDFLARE INC | - | $5.8M | 4,494,000 | 0.2% | 6 |
| SOUTHERN CO | - | $5.8M | 5,730,000 | 0.2% | 1 |
| NEXTERA ENERGY CAP HLDGS INC | - | $5.7M | 4,354,000 | 0.2% | 6 |
| ALIBABA GROUP HLDG LTD | - | $5.4M | 4,550,000 | 0.2% | 1 |
| DOORDASH INC | - | $5.3M | 5,422,000 | 0.2% | 1 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $5.2M | 39,883 | 0.2% | 7 |
| PPL CAP FDG INC | - | $5.1M | 4,500,000 | 0.2% | 10 |
| ALLIANT ENERGY CORP | [LNT](https://holderbook.com/stocks/LNT/) | $5.1M | 66,509 | 0.2% | 7 |
| ETSY INC | - | $4.6M | 4,526,000 | 0.2% | 4 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $4.5M | 20,236 | 0.2% | 7 |
| LIVE NATION ENTERTAINMENT IN | - | $4.5M | 3,740,000 | 0.2% | 3 |
| CENTERPOINT ENERGY INC | - | $4.3M | 3,553,000 | 0.2% | 8 |
| ON SEMICONDUCTOR CORP | - | $4.2M | 3,469,000 | 0.2% | 1 |
| PG&E CORP | - | $4.2M | 4,055,000 | 0.2% | 7 |
| TRIP COM GROUP LTD | - | $3.7M | 3,730,000 | 0.1% | 5 |
| PINNACLE WEST CAP CORP | - | $3.6M | 3,003,000 | 0.1% | 5 |
| VEON LTD | [VEON](https://holderbook.com/stocks/VEON/) | $3.6M | 68,207 | 0.1% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +2.7% | +14.8% | -12.2% | 92% |
| Q1 2026 | -0.8% | -4.6% | +3.9% | 88% |
| Q4 2025 | +6.5% | +2.4% | +4.1% | 86% |
| Q3 2025 | +8.1% | +7.8% | +0.3% | 82% |
| Q2 2025 | +1.4% | +10.5% | -9.1% | 81% |
| Q1 2025 | +2.6% | -4.6% | +7.2% | 83% |
| Q4 2024 | -6.2% | +2.1% | -8.4% | 81% |
| Q3 2024 | +9.4% | +5.4% | +3.9% | 82% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.6B | 160 |
| Q1 2026 | $2.4B | 163 |
| Q4 2025 | $2.0B | 166 |
| Q3 2025 | $2.1B | 180 |
| Q2 2025 | $1.9B | 164 |
| Q1 2025 | $1.9B | 146 |
| Q4 2024 | $2.0B | 143 |
| Q3 2024 | $1.7B | 121 |
| Q2 2024 | $1.4B | 102 |
| Q1 2024 | $1.6B | 111 |
| Q4 2023 | $1.7B | 103 |
| Q3 2023 | $1.5B | 131 |