RWC Asset Management LLP
LONDON, X0
$2.4bn in 102 US stocks at the end of 30 June 2026. The top 10 are 49.0% of the money. It changed about 15.2% of the portfolio this quarter.
Value
$2.4bn
Stocks
102
Top 10 share
49.0%
Turnover
15.2%
What changed this quarter
New
Bought for the first time this quarter.
- J M SmuckerSJM7.3% of the fund
- Fervo EnergyFRVO0.6% of the fund
- InfosysINFY0.4% of the fund
- Alphabet<0.1% of the fund
- VeraltoVLTO<0.1% of the fund
Added
Bought more of a stock they already held.
- Kraft HeinzKHC6.9% of the fund+44%
- ComcastCMCSA6.8% of the fund+10%
- HPHPQ5.9% of the fund+4%
- Baxter InternationalBAX3.0% of the fund+8%
- Omnicom GroupOMC2.4% of the fund+10%
- Vista Energy S.A.B. de C.V.VIST2.1% of the fund+34%
- Grupo Financiero Galicia S.AGGAL1.8% of the fund+14%
- Ambev SAABEV1.4% of the fund+2%
- CMS EnergyCMS1.4% of the fund+2%
- Philip Morris InternationalPM1.3% of the fund+2%
- YPF Sociedad AnonimaYPF1.3% of the fund+756%
- Williams CompaniesWMB1.1% of the fund+10%
- Pg&ePCG1.0% of the fund+56%
- TE ConnectivityTEL1.0% of the fund+43%
- Public Service Enterprise GroupPEG1.0% of the fund+3%
- Taiwan Semiconductor ManufacturingTSM0.8% of the fund+23%
- Owens CorningOC0.8% of the fund+33%
- Clearway EnergyCWEN0.7% of the fund+5%
- Versant Media GroupVSNT0.7% of the fund+10%
- Talen EnergyTLN0.7% of the fund+65%
- Synchrony FinancialSYF0.6% of the fund+10%
- Algonquin Power & UtilitiesAQN0.6% of the fund+4%
- Chord EnergyCHRD0.6% of the fund+10%
- SunrunRUN0.3% of the fund+20%
- Jackson FinancialJXN0.2% of the fund+10%
Cut
Sold some of their stake.
- Macy'sM8.8% of the fund-21%
- ExelonEXC3.1% of the fund-3%
- Chemical & Mining CO of ChileSQM2.0% of the fund-33%
- Gold FieldsGFI1.6% of the fund-15%
- NextEra EnergyNEE1.2% of the fund-7%
- Dominion EnergyD1.2% of the fund-5%
- Vale S AVALE0.9% of the fund-31%
- Constellation EnergyCEG0.8% of the fund-26%
- Delta Air LinesDAL0.7% of the fund-20%
- HubbellHUBB0.7% of the fund-6%
- LearLEA0.7% of the fund-82%
- Devon EnergyDVN0.6% of the fund-12%
- Ormat TechnologiesORA0.4% of the fund-2%
- AvistaAVA0.4% of the fund-15%
- Alibaba Group HldgBABA0.3% of the fund-3%
- Highlander SilverHSLV0.1% of the fund-3%
- KanzhunBZ<0.1% of the fund-83%
- Planet Labs PBCPL<0.1% of the fund-16%
- XylemXYL<0.1% of the fund-27%
- Kosmos EnergyKOS<0.1% of the fund-49%
Sold out
Sold their entire stake.
- Molson Coors BeverageTAP-100%
- Eli LillyLLY-100%
- AbbVieABBV-100%
- Spyre TherapeuticsSYRE-100%
- Dianthus TherapeuticsDNTH-100%
- Guardant HealthGH-100%
- Thermo Fisher ScientificTMO-100%
- SunoptaSTKL-100%
- GlaukosGKOS-100%
- UnitedHealth GroupUNH-100%
- Abbott LaboratoriesABT-100%
- EyePointEYPT-100%
- HCA HealthcareHCA-100%
- Boston ScientificBSX-100%
- CG OncologyCGON-100%
- Scholar Rock HoldingSRRK-100%
- Mirum PharmaceuticalsMIRM-100%
- Iqvia HoldingsIQV-100%
- StantecSTN-100%
- Si-BoneSIBN-100%
- Leggett & PlattLEG-100%
Holdings
- Vista Energy S.A.B. de C.V.VIST
- Share
- 2.1%
- Value
- $51m
- Shares
- 805,548
+34%
- Grupo Financiero Galicia S.AGGAL
- Share
- 1.8%
- Value
- $43m
- Shares
- 853,445
+14%
- Gold FieldsGFI
- Share
- 1.6%
- Value
- $38m
- Shares
- 1,131,408
-15%
- Ambev SAABEV
- Share
- 1.4%
- Value
- $33m
- Shares
- 10,547,747
+2%
- Vale S AVALE
- Share
- 0.9%
- Value
- $23m
- Shares
- 1,500,372
-31%
- Fervo EnergyFRVO
- Share
- 0.6%
- Value
- $15m
- Shares
- 512,863
New
- Algonquin Power & UtilitiesAQN
- Share
- 0.6%
- Value
- $14m
- Shares
- 2,317,719
+4%
- Teck ResourcesTECK
- Share
- 0.5%
- Value
- $11m
- Shares
- 186,597
Held
- Grupo SupervielleSUPV
- Share
- 0.4%
- Value
- $11m
- Shares
- 1,112,069
Held
- InfosysINFY
- Share
- 0.4%
- Value
- $10m
- Shares
- 957,414
New
- Alibaba Group HldgBABA
- Share
- 0.3%
- Value
- $8m
- Shares
- 78,744
-3%
- VeonVEON
- Share
- 0.1%
- Value
- $4m
- Shares
- 68,207
+79%
- Highlander SilverHSLV
- Share
- 0.1%
- Value
- $3m
- Shares
- 669,956
-3%
- Irsa Inversiones Y REP S AIRS
- Share
- 0.1%
- Value
- $2m
- Shares
- 155,815
Held
- Grupo Aeromexico SAB de CVAERO
- Share
- <0.1%
- Value
- $2m
- Shares
- 124,350
Held
- Alphabet
- Share
- <0.1%
- Value
- $1m
- Shares
- 23,000
New
- Companhia de Saneamento BasiSBS
- Share
- <0.1%
- Value
- $857,636
- Shares
- 148,380
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Macy'sM | 8.8% | $211m | 8,942,844 | -21% |
| J M SmuckerSJM | 7.3% | $175m | 1,555,311 | New |
| Kraft HeinzKHC | 6.9% | $165m | 6,998,616 | +44% |
| ComcastCMCSA | 6.8% | $163m | 6,646,575 | +10% |
| HPHPQ | 5.9% | $142m | 6,471,380 | +4% |
| ExelonEXC | 3.1% | $74m | 1,592,781 | -3% |
| Baxter InternationalBAX | 3.0% | $71m | 3,329,168 | +8% |
| Johnson & JohnsonJNJ | 2.8% | $67m | 262,139 | Held |
| Omnicom GroupOMC | 2.4% | $58m | 795,132 | +10% |
| Vista Energy S.A.B. de C.V.VIST | 2.1% | $51m | 805,548 | +34% |
| Chemical & Mining CO of ChileSQM | 2.0% | $48m | 643,447 | -33% |
| SyscoSYY | 1.8% | $43m | 520,035 | Held |
| Grupo Financiero Galicia S.AGGAL | 1.8% | $43m | 853,445 | +14% |
| Petrobras - Petroleo Brasileiro SAPBR | 1.8% | $43m | 2,630,124 | Held |
| Keurig Dr PepperKDP | 1.7% | $41m | 1,249,198 | Held |
| Gold FieldsGFI | 1.6% | $38m | 1,131,408 | -15% |
| Ambev SAABEV | 1.4% | $33m | 10,547,747 | +2% |
| CMS EnergyCMS | 1.4% | $33m | 432,884 | +2% |
| PaychexPAYX | 1.4% | $32m | 329,670 | Held |
| American TowerAMT | 1.3% | $32m | 197,806 | Held |
| Philip Morris InternationalPM | 1.3% | $32m | 177,837 | +2% |
| YPF Sociedad AnonimaYPF | 1.3% | $30m | 660,589 | +756% |
| NextEra EnergyNEE | 1.2% | $30m | 341,499 | -7% |
| Dominion EnergyD | 1.2% | $29m | 419,724 | -5% |
| MerckMRK | 1.1% | $27m | 209,086 | Held |
| Williams CompaniesWMB | 1.1% | $26m | 352,000 | +10% |
| Brixmor Property GroupBRX | 1.1% | $26m | 826,470 | Held |
| Pg&ePCG | 1.0% | $24m | 1,402,347 | +56% |
| TE ConnectivityTEL | 1.0% | $23m | 116,476 | +43% |
| Public Service Enterprise GroupPEG | 1.0% | $23m | 285,918 | +3% |
| PepsiCoPEP | 1.0% | $23m | 170,924 | Held |
| Vale S AVALE | 0.9% | $23m | 1,500,372 | -31% |
| Loma Negra Compania Industrial Argentina Sociedad AnonimaLOMA | 0.9% | $23m | 1,965,612 | Held |
| Federal Realty Investment TrustFRT | 0.9% | $22m | 175,377 | Held |
| EmbraerEMBJ | 0.9% | $21m | 336,491 | Held |
| Constellation EnergyCEG | 0.8% | $20m | 80,723 | -26% |
| Taiwan Semiconductor ManufacturingTSM | 0.8% | $19m | 40,381 | +23% |
| MercadoLibreMELI | 0.8% | $19m | 11,009 | Held |
| Owens CorningOC | 0.8% | $18m | 115,381 | +33% |
| Clearway EnergyCWEN | 0.7% | $17m | 502,780 | +5% |
| Delta Air LinesDAL | 0.7% | $17m | 182,031 | -20% |
| Telecom Argentina SATEO | 0.7% | $17m | 1,283,341 | Held |
| Versant Media GroupVSNT | 0.7% | $16m | 458,188 | +10% |
| Talen EnergyTLN | 0.7% | $16m | 41,994 | +65% |
| HubbellHUBB | 0.7% | $16m | 30,338 | -6% |
| LearLEA | 0.7% | $16m | 117,819 | -82% |
| Synchrony FinancialSYF | 0.6% | $15m | 201,568 | +10% |
| Fervo EnergyFRVO | 0.6% | $15m | 512,863 | New |
| Devon EnergyDVN | 0.6% | $14m | 339,820 | -12% |
| Algonquin Power & UtilitiesAQN | 0.6% | $14m | 2,317,719 | +4% |
| Chord EnergyCHRD | 0.6% | $13m | 117,533 | +10% |
| Teck ResourcesTECK | 0.5% | $11m | 186,597 | Held |
| Grupo SupervielleSUPV | 0.4% | $11m | 1,112,069 | Held |
| Xcel EnergyXEL | 0.4% | $11m | 132,305 | Held |
| Ormat TechnologiesORA | 0.4% | $11m | 97,289 | -2% |
| Southern CompanySO | 0.4% | $10m | 107,737 | Held |
| InfosysINFY | 0.4% | $10m | 957,414 | New |
| EPAM SystemsEPAM | 0.4% | $9m | 116,095 | Held |
| VistraVST | 0.4% | $9m | 56,366 | Held |
| AvistaAVA | 0.4% | $9m | 216,488 | -15% |
| American Electric PowerAEP | 0.4% | $9m | 63,520 | Held |
| Eversource EnergyES | 0.3% | $8m | 112,645 | Held |
| DTE EnergyDTE | 0.3% | $8m | 50,366 | Held |
| Alibaba Group HldgBABA | 0.3% | $8m | 78,744 | -3% |
| AESAES | 0.3% | $7m | 464,123 | Held |
| AmerenAEE | 0.3% | $7m | 59,601 | Held |
| SunrunRUN | 0.3% | $7m | 497,268 | +20% |
| Jackson FinancialJXN | 0.2% | $6m | 58,510 | +10% |
| American Water Works CompanyAWK | 0.2% | $5m | 39,883 | Held |
| Alliant EnergyLNT | 0.2% | $5m | 66,509 | Held |
| Waste ManagementWM | 0.2% | $5m | 20,236 | Held |
| VeonVEON | 0.1% | $4m | 68,207 | +79% |
| Highlander SilverHSLV | 0.1% | $3m | 669,956 | -3% |
| Irsa Inversiones Y REP S AIRS | 0.1% | $2m | 155,815 | Held |
| Grupo Aeromexico SAB de CVAERO | <0.1% | $2m | 124,350 | Held |
| Corporacion America AirportsCAAP | <0.1% | $2m | 75,387 | Held |
| KanzhunBZ | <0.1% | $2m | 142,786 | -83% |
| Alphabet | <0.1% | $1m | 23,000 | New |
| Verizon CommunicationsVZ | <0.1% | $940,414 | 22,211 | Held |
| Watts Water TechnologiesWTS | <0.1% | $873,716 | 2,232 | Held |
| Companhia de Saneamento BasiSBS | <0.1% | $857,636 | 148,380 | Held |
| Republic ServicesRSG | <0.1% | $845,075 | 3,966 | +2% |
| Planet Labs PBCPL | <0.1% | $737,706 | 22,267 | -16% |
| Clean HarborsCLH | <0.1% | $693,996 | 2,323 | +4% |
| EcolabECL | <0.1% | $676,744 | 2,429 | +11% |
| Valmont IndustriesVMI | <0.1% | $644,602 | 1,116 | +20% |
| Mueller Water ProductsMWA | <0.1% | $581,511 | 22,513 | Held |
| Advanced Drainage SystemsWMS | <0.1% | $565,527 | 3,603 | +11% |
| ItronITRI | <0.1% | $541,937 | 6,263 | Held |
| DeereDE | <0.1% | $529,666 | 835 | +11% |
| BallBALL | <0.1% | $495,706 | 7,944 | +13% |
| TrimbleTRMB | <0.1% | $485,852 | 9,493 | Held |
| XylemXYL | <0.1% | $466,811 | 3,949 | -27% |
| VeraltoVLTO | <0.1% | $458,653 | 5,172 | New |
| Tetra TechTTEK | <0.1% | $353,989 | 12,253 | Held |
| Kosmos EnergyKOS | <0.1% | $312,550 | 148,128 | -49% |
| Badger MeterBMI | <0.1% | $286,077 | 1,928 | +9% |
| AECOMACM | <0.1% | $284,016 | 4,069 | Held |
| Packaging Corp of AmericaPKG | <0.1% | $250,671 | 1,052 | Held |
| SM EnergySM | <0.1% | $237,145 | 9,086 | +8% |
Showing the largest 100 of 102.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 54.4% since 30 June 2025.
Where the money is
Everyday goods20.0%
Utilities16.4%
Media & telecom10.6%
Retail & consumer9.4%
Technology9.0%
Health care6.9%
Energy5.3%
Industrials5.2%
Materials3.6%
Real estate3.3%
Financial services0.9%
Other9.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.