RWC Asset Management LLP

CIK

1520478

Location

LONDON, X0

Portfolio Value

Mid $2,213,393,083

Diversification

Diversified

Filing Date

Global Rank

#1,124 / 8,603 ▲ 172 · as of Mar 2026

Top Industry

Utilities - Regulated Electric 12.2%

3Y Alpha vs SPY

-7.5%

Period ended 3 months ago

Filed Apr 27, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+45.8%

SPY

+76.0%

Annualised alpha

-7.3%

Max drawdown

−13.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

118 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

9.2%

−4.3 pts

Top 5

31.0%

−1.5 pts

Top 10

46.1%

−0.6 pts

HHI

324

Diversified−67

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Utilities	17.3%	$382,769,555	23
Consumer Defensive	14.2%	$313,950,288	8
Consumer Cyclical	14.0%	$310,804,554	7
Communication Services	12.3%	$273,121,322	7
Basic Materials	9.4%	$208,976,059	7
Technology	9.1%	$200,374,493	9
Energy	7.3%	$162,558,072	8
Healthcare	6.5%	$144,574,057	20
Real Estate	3.5%	$77,642,971	4
Industrials	3.4%	$75,119,201	21
Financial Services	2.9%	$63,502,511	4

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
PBR	Petrobras - Petroleo Brasileiro SA	+2,132,833	2,627,538	$54,521,413
BZ	Kanzhun Ltd	+400,141	856,154	$11,463,902
M	Macy's, Inc.	+309,252	11,274,401	$203,953,914
TEO	Telecom Argentina SA	+273,789	1,283,033	$14,998,655
HPQ	Hp Inc	+217,282	6,227,334	$119,627,086
DVN	Devon Energy Corp/De	+189,856	388,298	$19,539,155
OMC	Omnicom Group Inc.	+165,460	722,861	$54,438,661
SQM	Chemical & Mining Co Of Chile Inc	+110,025	956,635	$77,430,036
DAL	Delta Air Lines, Inc.	+86,291	228,358	$15,181,239
TAP	Molson Coors Beverage Co	+77,955	1,182,587	$50,922,196
SYF	Synchrony Financial	+69,197	183,121	$12,455,890
LEA	Lear Corp	+47,828	637,581	$77,198,307
EPAM	EPAM Systems, Inc.	+38,566	116,095	$15,719,263
CEG	Constellation Energy Corp	+18,751	109,232	$30,503,036
RUN	Sunrun Inc.	+17,272	415,562	$5,635,020
YPF	Ypf Sociedad Anonima	+16,943	77,205	$3,568,415
TEL	TE Connectivity plc	+12,237	81,442	$17,023,006
PEG	Public Service Enterprise Group Inc	+6,115	278,382	$22,535,022
D	Dominion Energy, Inc	+5,966	442,308	$27,343,480
AVA	Avista Corp	+5,763	255,371	$10,250,591
EMBJ	Embraer S.A.	+5,079	332,460	$19,728,176
JXN	Jackson Financial Inc.	+3,184	53,221	$5,626,524
SBS	Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp	+1,919	30,169	$184,091
ORA	Ormat Technologies, Inc.	+1,532	99,433	$11,128,541
RSG	Republic Services, Inc.	+1,500	3,882	$850,235
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ABEV	Ambev S.A.	−376,972	10,338,909	$30,189,614
VALE	Vale S.A.	−315,637	2,185,070	$34,764,463
EXC	Exelon Corp	−165,908	1,637,852	$80,287,505
VIST	Vista Energy, S.A.B. de C.V.	−145,832	600,300	$45,304,641
AQN	Algonquin Power & Utilities Corp.	−99,595	2,231,500	$13,701,410
GGAL	Grupo Financiero Galicia SA	−68,325	747,876	$34,933,287
SUPV	Grupo Supervielle S.A.	−66,825	1,112,069	$10,486,810
BABA	Alibaba Group Holding Ltd	−59,783	81,003	$10,162,636
CWEN	Clearway Energy, Inc.	−47,239	478,956	$18,818,181
KDP	Keurig Dr Pepper Inc.	−44,002	1,225,366	$32,263,886
BRX	Brixmor Property Group Inc.	−28,972	810,974	$23,356,051
TECK	Teck Resources Ltd	−23,377	190,120	$9,838,710
SYY	Sysco Corp	−18,455	510,039	$36,381,081
DTE	Dte Energy Co	−16,541	51,210	$7,487,926
CMS	Cms Energy Corp	−15,498	424,309	$32,917,892
PAYX	Paychex Inc	−11,543	323,416	$29,793,081
LNT	Alliant Energy Corp	−10,422	67,378	$4,835,045
JNJ	Johnson & Johnson	−9,250	257,155	$62,858,968
PL	Planet Labs PBC	−8,093	26,607	$743,665
WM	Waste Management Inc	−7,925	19,915	$4,576,267
MRK	Merck & Co., Inc.	−7,327	205,090	$24,670,276
AMT	American Tower Corp /Ma/	−6,925	194,019	$33,483,799
NEE	Nextera Energy Inc	−6,867	365,358	$33,934,451
PM	Philip Morris International Inc.	−6,346	174,315	$28,821,242
FRT	Federal Realty Investment Trust	−6,147	172,087	$18,277,360
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
CMCSA	Comcast Corp	6,057,552	$173,912,317
KHC	Kraft Heinz Co	4,847,820	$109,027,471
BAX	Baxter International Inc	3,077,569	$51,703,159
WMB	Williams Companies, Inc.	320,977	$23,360,706
VSNT	Versant Media Group, Inc.	416,499	$15,418,792
CHRD	Chord Energy Corp	106,817	$15,187,241
TSM	Taiwan Semiconductor Manufacturing Co Ltd	32,928	$11,128,017
OC	Owens Corning	87,079	$9,423,689
HSLV	Highlander Silver Corp.	692,334	$4,070,923
KOS	Kosmos Energy Ltd.	292,513	$813,186
SYRE	Spyre Therapeutics, Inc.	8,166	$411,893
DNTH	Dianthus Therapeutics, Inc. /DE/	4,646	$389,892
SM	SM Energy Co	8,445	$263,315
CGON	CG Oncology, Inc.	3,295	$223,005
SIBN	SI-BONE, Inc.	14,710	$185,787
LEG	Leggett & Platt Inc	10,246	$101,230
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
BSAC	Banco Santander Chile	806,568	$25,092,330
FSLR	First Solar, Inc.	41,424	$10,821,191
DINO	HF Sinclair Corp	164,125	$7,562,880
PDD	PDD Holdings Inc.	6,390	$724,562
EXAS	EXACT SCIENCES CORP	2,660	$270,149
IRTC	iRhythm Holdings, Inc.	1,454	$257,997
OCUL	Ocular Therapeutix, Inc	14,797	$179,635
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

118 positions · $2,213,393,083 total · as of Mar 31, 2026

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

Showing 1–50 of 118 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	Added	11,274,401	+309,252	$203,953,914	−15.6%	9.21%
CMCSA	Comcast Corp Communication Services	NEW	6,057,552	NEW	$173,912,317	NEW	7.86%
HPQ	Hp Inc Technology	Added	6,227,334	+217,282	$119,627,086	−10.7%	5.40%
KHC	Kraft Heinz Co Consumer Defensive	NEW	4,847,820	NEW	$109,027,471	NEW	4.93%
EXC	Exelon Corp Utilities	Reduced	1,637,852	-165,908	$80,287,505	+2.1%	3.63%
SQM	Chemical & Mining Co Of Chile Inc Basic Materials	Added	956,635	+110,025	$77,430,036	+32.9%	3.50%
LEA	Lear Corp Consumer Cyclical	Added	637,581	+47,828	$77,198,307	+14.2%	3.49%
JNJ	Johnson & Johnson Healthcare	Reduced	257,155	-9,250	$62,858,968	+14.0%	2.84%
GFI	Gold Fields Ltd Basic Materials	Reduced	1,332,371	-3,622	$60,489,643	+3.7%	2.73%
PBR	Petrobras - Petroleo Brasileiro SA Energy	Added	2,627,538	+2,132,833	$54,521,413	+830.0%	2.46%
OMC	Omnicom Group Inc. Communication Services	Added	722,861	+165,460	$54,438,661	+20.9%	2.46%
BAX	Baxter International Inc Healthcare	NEW	3,077,569	NEW	$51,703,159	NEW	2.34%
TAP	Molson Coors Beverage Co Consumer Defensive	Added	1,182,587	+77,955	$50,922,196	−1.2%	2.30%
VIST	Vista Energy, S.A.B. de C.V. Energy	Reduced	600,300	-145,832	$45,304,641	+24.8%	2.05%
SYY	Sysco Corp Consumer Defensive	Reduced	510,039	-18,455	$36,381,081	−6.6%	1.64%
GGAL	Grupo Financiero Galicia SA Financial Services	Reduced	747,876	-68,325	$34,933,287	−20.7%	1.58%
VALE	Vale S.A. Basic Materials	Reduced	2,185,070	-315,637	$34,764,463	+6.7%	1.57%
NEE	Nextera Energy Inc Utilities	Reduced	365,358	-6,867	$33,934,451	+13.6%	1.53%
AMT	American Tower Corp /Ma/ Real Estate	Reduced	194,019	-6,925	$33,483,799	−5.1%	1.51%
CMS	Cms Energy Corp Utilities	Reduced	424,309	-15,498	$32,917,892	+7.0%	1.49%
KDP	Keurig Dr Pepper Inc. Consumer Defensive	Reduced	1,225,366	-44,002	$32,263,886	−9.3%	1.46%
CEG	Constellation Energy Corp Utilities	Added	109,232	+18,751	$30,503,036	−4.6%	1.38%
ABEV	Ambev S.A. Consumer Defensive	Reduced	10,338,909	-376,972	$30,189,614	+14.1%	1.36%
PAYX	Paychex Inc Technology	Reduced	323,416	-11,543	$29,793,081	−20.7%	1.35%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	174,315	-6,346	$28,821,242	−0.5%	1.30%
D	Dominion Energy, Inc Utilities	Added	442,308	+5,966	$27,343,480	+7.0%	1.24%
PEP	Pepsico Inc Consumer Defensive	Reduced	167,681	-6,014	$26,039,182	+4.5%	1.18%
MRK	Merck & Co., Inc. Healthcare	Reduced	205,090	-7,327	$24,670,276	+10.3%	1.11%
WMB	Williams Companies, Inc. Energy	NEW	320,977	NEW	$23,360,706	NEW	1.06%
BRX	Brixmor Property Group Inc. Real Estate	Reduced	810,974	-28,972	$23,356,051	+6.1%	1.06%
PEG	Public Service Enterprise Group Inc Utilities	Added	278,382	+6,115	$22,535,022	+3.1%	1.02%
LOMA	Loma Negra Compania Industrial Argentina Sociedad Anonima Basic Materials	Held	1,965,612	0	$21,798,637	−14.4%	0.98%
EMBJ	Embraer S.A. Industrials	Added	332,460	+5,079	$19,728,176	−6.4%	0.89%
DVN	Devon Energy Corp/De Energy	Added	388,298	+189,856	$19,539,155	+168.8%	0.88%
CWEN	Clearway Energy, Inc. Utilities	Reduced	478,956	-47,239	$18,818,181	+7.5%	0.85%
MELI	Mercadolibre Inc Consumer Cyclical	Added	10,844	+818	$18,749,492	−7.2%	0.85%
FRT	Federal Realty Investment Trust Real Estate	Reduced	172,087	-6,147	$18,277,360	+1.7%	0.83%
TEL	TE Connectivity plc Technology	Added	81,442	+12,237	$17,023,006	+8.1%	0.77%
HUBB	Hubbell Inc Industrials	Reduced	32,159	-1,076	$15,781,707	+6.9%	0.71%
PCG	PG&E Corp Utilities	Held	896,669	0	$15,754,474	+9.3%	0.71%
EPAM	EPAM Systems, Inc. Technology	Added	116,095	+38,566	$15,719,263	−1.0%	0.71%
VSNT	Versant Media Group, Inc. Communication Services	NEW	416,499	NEW	$15,418,792	NEW	0.70%
CHRD	Chord Energy Corp Energy	NEW	106,817	NEW	$15,187,241	NEW	0.69%
DAL	Delta Air Lines, Inc. Industrials	Added	228,358	+86,291	$15,181,239	+54.0%	0.69%
TEO	Telecom Argentina SA Communication Services	Added	1,283,033	+273,789	$14,998,655	+28.0%	0.68%
AQN	Algonquin Power & Utilities Corp. Utilities	Reduced	2,231,500	-99,595	$13,701,410	−4.4%	0.62%
SYF	Synchrony Financial Financial Services	Added	183,121	+69,197	$12,455,890	+31.1%	0.56%
BZ	Kanzhun Ltd Communication Services	Added	856,154	+400,141	$11,463,902	+23.4%	0.52%
ORA	Ormat Technologies, Inc. Utilities	Added	99,433	+1,532	$11,128,541	+2.9%	0.50%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	NEW	32,928	NEW	$11,128,017	NEW	0.50%