RWC Asset Management LLP

CIK

1520478

Location

LONDON, X0

Portfolio Value

Mid $2,398,989,055

Diversification

Diversified

Filing Date

Global Rank

#193 / 2,968 ▲ 936

Top Industry

Packaged Foods 14.2%

3Y Alpha vs SPY

-6.5%

Period ended 29 days ago

Filed Jul 27, 2026 · 2d

26 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+44.8%

SPY

+67.9%

Annualised alpha

-5.7%

Max drawdown

−13.6%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

101 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.8%

−0.4 pts

Top 5

35.7%

+4.7 pts

Top 10

49.1%

+3.0 pts

HHI

349

Diversified+25

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Consumer Defensive	21.4%	$513,066,096	7
Utilities	16.4%	$393,297,874	24
Communication Services	10.9%	$260,604,816	7
Consumer Cyclical	10.6%	$253,389,581	6
Technology	10.2%	$244,388,727	10
Energy	7.4%	$178,126,503	8
Healthcare	6.9%	$164,420,853	3
Basic Materials	6.1%	$145,610,454	7
Industrials	3.7%	$88,855,583	21
Real Estate	3.4%	$82,468,045	4
Financial Services	3.1%	$74,760,523	4

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
KHC	Kraft Heinz Co	+2,150,796	6,998,616	$165,307,309
CMCSA	Comcast Corp	+589,023	6,646,575	$163,173,416
YPF	Ypf Sociedad Anonima	+583,384	660,589	$30,036,981
PCG	PG&E Corp	+505,678	1,402,347	$23,587,476
BAX	Baxter International Inc	+251,599	3,329,168	$70,977,861
HPQ	Hp Inc	+244,046	6,471,380	$141,982,077
ABEV	Ambev S.A.	+208,838	10,547,747	$33,119,925
VIST	Vista Energy, S.A.B. de C.V.	+205,248	805,548	$51,393,962
SBS	Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp	+118,211	148,380	$857,636
GGAL	Grupo Financiero Galicia SA	+105,569	853,445	$42,697,853
AQN	Algonquin Power & Utilities Corp.	+86,219	2,317,719	$13,581,833
RUN	Sunrun Inc.	+81,706	497,268	$6,653,445
OMC	Omnicom Group Inc.	+72,271	795,132	$57,909,463
VSNT	Versant Media Group, Inc.	+41,689	458,188	$16,499,349
TEL	TE Connectivity plc	+35,034	116,476	$23,482,726
WMB	Williams Companies, Inc.	+31,023	352,000	$26,167,680
VEON	VEON Ltd.	+30,167	68,207	$3,561,087
OC	Owens Corning	+28,302	115,381	$18,340,963
KDP	Keurig Dr Pepper Inc.	+23,832	1,249,198	$40,886,250
CWEN	Clearway Energy, Inc.	+23,824	502,780	$17,185,020
SYF	Synchrony Financial	+18,447	201,568	$15,329,246
TLN	Talen Energy Corp	+16,476	41,994	$16,136,614
BRX	Brixmor Property Group Inc.	+15,496	826,470	$26,058,599
CHRD	Chord Energy Corp	+10,716	117,533	$13,434,021
SYY	Sysco Corp	+9,996	520,035	$43,464,525
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
M	Macy's, Inc.	−2,331,557	8,942,844	$210,603,976
BZ	Kanzhun Ltd	−713,368	142,786	$1,837,655
VALE	Vale S.A.	−684,698	1,500,372	$22,565,594
LEA	Lear Corp	−519,762	117,819	$15,794,815
SQM	Chemical & Mining Co Of Chile Inc	−313,188	643,447	$47,640,815
GFI	Gold Fields Ltd	−200,963	1,131,408	$38,003,994
KOS	Kosmos Energy Ltd.	−144,385	148,128	$312,550
DVN	Devon Energy Corp/De	−48,478	339,820	$14,041,362
DAL	Delta Air Lines, Inc.	−46,327	182,031	$17,049,023
EXC	Exelon Corp	−45,071	1,592,781	$74,255,450
AVA	Avista Corp	−38,883	216,488	$8,856,524
CEG	Constellation Energy Corp	−28,509	80,723	$20,049,171
NEE	Nextera Energy Inc	−23,859	341,499	$29,973,367
D	Dominion Energy, Inc	−22,584	419,724	$28,662,951
HSLV	Highlander Silver Corp.	−22,378	669,956	$3,121,994
AES	Aes Corp	−6,718	464,123	$6,804,043
PL	Planet Labs PBC	−4,340	22,267	$737,705
TECK	Teck Resources Ltd	−3,523	186,597	$11,095,057
XEL	Xcel Energy Inc	−2,260	132,305	$10,624,091
BABA	Alibaba Group Holding Ltd	−2,259	78,744	$7,557,849
ORA	Ormat Technologies, Inc.	−2,144	97,289	$10,594,772
ES	Eversource Energy	−1,895	112,645	$8,140,854
HUBB	Hubbell Inc	−1,821	30,338	$15,872,841
SO	Southern Co	−1,615	107,737	$10,311,508
XYL	Xylem Inc.	−1,476	3,949	$466,811
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
SJM	J M SMUCKER Co	1,555,311	$174,972,487
FRVO	Fervo Energy Co	512,863	$14,990,985
INFY	Infosys Ltd	957,414	$10,043,272
VLTO	Veralto Corp	5,172	$458,652
No positions match the current search.

Sold Out

Positions the filer fully exited

21 positions

Ticker	Company	Shares	Value
TAP-A	Molson Coors Beverage Co	1,182,587	$50,922,196
LLY	ELI LILLY & Co	772	$710,062
ABBV	AbbVie Inc.	3,126	$679,873
SYRE	Spyre Therapeutics, Inc.	8,166	$411,893
DNTH	Dianthus Therapeutics, Inc. /DE/	4,646	$389,892
GH	Guardant Health, Inc.	3,866	$357,102
TMO	Thermo Fisher Scientific Inc.	718	$352,918
STKL	SunOpta Inc.	47,163	$305,616
GKOS	GLAUKOS Corp	2,197	$236,529
UNH	Unitedhealth Group Inc	856	$231,625
ABT	Abbott Laboratories	2,238	$229,775
EYPT	EyePoint, Inc.	17,652	$227,534
HCA	HCA Healthcare, Inc.	479	$226,681
BSX	Boston Scientific Corp	3,592	$225,398
CGON	CG Oncology, Inc.	3,295	$223,005
SRRK	Scholar Rock Holding Corp	4,504	$221,416
MIRM	Mirum Pharmaceuticals, Inc.	2,341	$216,261
IQV	Iqvia Holdings Inc.	1,266	$215,903
STN	Stantec Inc	2,472	$213,580
SIBN	SI-BONE, Inc.	14,710	$185,787
LEG	Leggett & Platt Inc	10,246	$101,230
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

101 tracked positions · $2,398,989,055 total · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 101 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
M	Macy's, Inc. Consumer Cyclical	Reduced	8,942,844	-2,331,557	$210,603,976	+3.3%	8.78%
SJM	J M SMUCKER Co Consumer Defensive	NEW	1,555,311	NEW	$174,972,487	NEW	7.29%
KHC	Kraft Heinz Co Consumer Defensive	Added	6,998,616	+2,150,796	$165,307,309	+51.6%	6.89%
CMCSA	Comcast Corp Communication Services	Added	6,646,575	+589,023	$163,173,416	−6.2%	6.80%
HPQ	Hp Inc Technology	Added	6,471,380	+244,046	$141,982,077	+18.7%	5.92%
EXC	Exelon Corp Utilities	Reduced	1,592,781	-45,071	$74,255,450	−7.5%	3.10%
BAX	Baxter International Inc Healthcare	Added	3,329,168	+251,599	$70,977,861	+37.3%	2.96%
JNJ	Johnson & Johnson Healthcare	Added	262,139	+4,984	$66,575,441	+5.9%	2.78%
OMC	Omnicom Group Inc. Communication Services	Added	795,132	+72,271	$57,909,463	+6.4%	2.41%
VIST	Vista Energy, S.A.B. de C.V. Energy	Added	805,548	+205,248	$51,393,962	+13.4%	2.14%
SQM	Chemical & Mining Co Of Chile Inc Basic Materials	Reduced	643,447	-313,188	$47,640,815	−38.5%	1.99%
SYY	Sysco Corp Consumer Defensive	Added	520,035	+9,996	$43,464,525	+19.5%	1.81%
GGAL	Grupo Financiero Galicia SA Financial Services	Added	853,445	+105,569	$42,697,853	+22.2%	1.78%
PBR	Petrobras - Petroleo Brasileiro SA Energy	Added	2,630,124	+2,586	$42,502,803	−22.0%	1.77%
KDP	Keurig Dr Pepper Inc. Consumer Defensive	Added	1,249,198	+23,832	$40,886,250	+26.7%	1.70%
GFI	Gold Fields Ltd Basic Materials	Reduced	1,131,408	-200,963	$38,003,994	−37.2%	1.58%
ABEV	Ambev S.A. Consumer Defensive	Added	10,547,747	+208,838	$33,119,925	+9.7%	1.38%
CMS	Cms Energy Corp Utilities	Added	432,884	+8,575	$33,115,626	+0.6%	1.38%
PAYX	Paychex Inc Technology	Added	329,670	+6,254	$32,416,451	+8.8%	1.35%
AMT	American Tower Corp /Ma/ Real Estate	Added	197,806	+3,787	$32,355,127	−3.4%	1.35%
PM	Philip Morris International Inc. Consumer Defensive	Added	177,837	+3,522	$32,172,491	+11.6%	1.34%
YPF	Ypf Sociedad Anonima Energy	Added	660,589	+583,384	$30,036,981	+741.7%	1.25%
NEE	Nextera Energy Inc Utilities	Reduced	341,499	-23,859	$29,973,367	−11.7%	1.25%
D	Dominion Energy, Inc Utilities	Reduced	419,724	-22,584	$28,662,951	+4.8%	1.19%
MRK	Merck & Co., Inc. Healthcare	Added	209,086	+3,996	$26,867,551	+8.9%	1.12%
WMB	Williams Companies, Inc. Energy	Added	352,000	+31,023	$26,167,680	+12.0%	1.09%
BRX	Brixmor Property Group Inc. Real Estate	Added	826,470	+15,496	$26,058,599	+11.6%	1.09%
PCG	PG&E Corp Utilities	Added	1,402,347	+505,678	$23,587,476	+49.7%	0.98%
TEL	TE Connectivity plc Technology	Added	116,476	+35,034	$23,482,726	+37.9%	0.98%
PEG	Public Service Enterprise Group Inc Utilities	Added	285,918	+7,536	$23,205,104	+3.0%	0.97%
PEP	Pepsico Inc Consumer Defensive	Added	170,924	+3,243	$23,143,109	−11.1%	0.96%
VALE	Vale S.A. Basic Materials	Reduced	1,500,372	-684,698	$22,565,594	−35.1%	0.94%
LOMA	Loma Negra Compania Industrial Argentina Sociedad Anonima Basic Materials	Held	1,965,612	0	$22,506,257	+3.2%	0.94%
FRT	Federal Realty Investment Trust Real Estate	Added	175,377	+3,290	$21,648,536	+18.4%	0.90%
EMBJ	Embraer S.A. Industrials	Added	336,491	+4,031	$21,468,125	+8.8%	0.89%
CEG	Constellation Energy Corp Utilities	Reduced	80,723	-28,509	$20,049,171	−34.3%	0.84%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	40,381	+7,453	$19,284,754	+73.3%	0.80%
MELI	Mercadolibre Inc Consumer Cyclical	Added	11,009	+165	$18,686,566	−0.3%	0.78%
OC	Owens Corning Industrials	Added	115,381	+28,302	$18,340,963	+94.6%	0.76%
CWEN	Clearway Energy, Inc. Utilities	Added	502,780	+23,824	$17,185,020	−8.7%	0.72%
DAL	Delta Air Lines, Inc. Industrials	Reduced	182,031	-46,327	$17,049,023	+12.3%	0.71%
TEO	Telecom Argentina SA Communication Services	Added	1,283,341	+308	$16,683,433	+11.2%	0.70%
VSNT	Versant Media Group, Inc. Communication Services	Added	458,188	+41,689	$16,499,349	+7.0%	0.69%
TLN	Talen Energy Corp Utilities	Added	41,994	+16,476	$16,136,614	+98.1%	0.67%
HUBB	Hubbell Inc Industrials	Reduced	30,338	-1,821	$15,872,841	+0.6%	0.66%
LEA	Lear Corp Consumer Cyclical	Reduced	117,819	-519,762	$15,794,815	−79.5%	0.66%
SYF	Synchrony Financial Financial Services	Added	201,568	+18,447	$15,329,246	+23.1%	0.64%
FRVO	Fervo Energy Co Utilities	NEW	512,863	NEW	$14,990,985	NEW	0.62%
DVN	Devon Energy Corp/De Energy	Reduced	339,820	-48,478	$14,041,362	−28.1%	0.59%
AQN	Algonquin Power & Utilities Corp. Utilities	Added	2,317,719	+86,219	$13,581,833	−0.9%	0.57%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.