13F HOLDINGS REPORT
RWC Asset Management LLP
Quarter ended Q3 2025 · Filed October 27, 2025 · Accession 0001398344-25-019808
Total Value
$2.07B
Positions
188
Other Managers
2
Confidential Omitted
No
Holdings (188)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MACYS INC | 55616P104 | 10,902,310 | $195.5M | 9.45% |
| 2 | HP INC | HPQ | 5,871,898 | $159.9M | 7.73% |
| 3 | EXELON CORP | EXC | 1,875,943 | $84.4M | 4.08% |
| 4 | LEAR CORP | LEA | 570,048 | $57.4M | 2.77% |
| 5 | CISCO SYS INC | CSCO | 762,125 | $52.1M | 2.52% |
| 6 | JOHNSON & JOHNSON | JNJ | 275,592 | $51.1M | 2.47% |
| 7 | MOLSON COORS BEVERAGE CO | TAP-A | 1,075,703 | $48.7M | 2.35% |
| 8 | GOLD FIELDS LTD | GFIOF | 1,152,172 | $48.3M | 2.34% |
| 9 | SOCIEDAD QUIMICA Y MINERA DE | 833635105 | 1,113,807 | $47.9M | 2.32% |
| 10 | SYSCO CORP | SYY | 545,201 | $44.9M | 2.17% |
| 11 | CONSTELLATION ENERGY CORP | CEG | 127,338 | $41.9M | 2.03% |
| 12 | AMERICAN TOWER CORP NEW | 03027X100 | 207,454 | $39.9M | 1.93% |
| 13 | KEURIG DR PEPPER INC | KDP | 1,311,735 | $33.5M | 1.62% |
| 14 | CMS ENERGY CORP | CMS-PC | 450,423 | $33.0M | 1.60% |
| 15 | NEXTERA ENERGY INC | NEE-PW | 425,082 | $32.1M | 1.55% |
| 16 | DOMINION ENERGY INC | D | 502,210 | $30.7M | 1.49% |
| 17 | OMNICOM GROUP INC | OMC | 376,607 | $30.7M | 1.49% |
| 18 | ALIBABA GROUP HLDG LTD | BBAAY | 149,596 | $26.7M | 1.29% |
| 19 | PEPSICO INC | PEP | 179,770 | $25.2M | 1.22% |
| 20 | AMBEV SA | ABEV | 10,968,634 | $24.5M | 1.18% |
| 21 | MERCADOLIBRE INC | MELI | 10,463 | $24.5M | 1.18% |
| 22 | PUBLIC SVC ENTERPRISE GRP IN | 744573106 | 289,933 | $24.2M | 1.17% |
| 23 | BRIXMOR PPTY GROUP INC | 11120U105 | 871,560 | $24.1M | 1.17% |
| 24 | PAYCHEX INC | PAYX | 179,863 | $22.8M | 1.10% |
| 25 | GRUPO FINANCIERO GALICIA S.A | GGAL | 826,175 | $22.8M | 1.10% |
| 26 | BANCO SANTANDER CHILE NEW | BSAC | 850,868 | $22.5M | 1.09% |
| 27 | VALE S A | VALE | 1,951,385 | $21.2M | 1.02% |
| 28 | CLEARWAY ENERGY INC | CWEN-A | 745,537 | $21.1M | 1.02% |
| 29 | NIO INC | NIOIF | 2,733,551 | $20.8M | 1.01% |
| 30 | PHILIP MORRIS INTL INC | 718172109 | 116,687 | $18.9M | 0.92% |
| 31 | FEDERAL RLTY INVT TR NEW | 313745101 | 185,015 | $18.7M | 0.91% |
| 32 | MERCK & CO INC | MRK | 219,482 | $18.4M | 0.89% |
| 33 | AKAMAI TECHNOLOGIES INC | AKAM | 18,364,000 | $17.3M | 0.83% |
| 34 | KANZHUN LIMITED | BZ | 710,303 | $16.6M | 0.80% |
| 35 | SOUTHERN CO | SOMN | 14,545,000 | $16.2M | 0.78% |
| 36 | AVISTA CORP | AVA | 425,746 | $16.1M | 0.78% |
| 37 | XCEL ENERGY INC | XELLL | 197,225 | $15.9M | 0.77% |
| 38 | TECK RESOURCES LTD | TCKRF | 341,878 | $15.0M | 0.73% |
| 39 | TE CONNECTIVITY PLC | TEL | 66,310 | $14.6M | 0.70% |
| 40 | JD.COM INC | JDCMF | 13,490,000 | $14.5M | 0.70% |
| 41 | FIRST SOLAR INC | FSLR | 65,415 | $14.4M | 0.70% |
| 42 | VISTA ENERGY S.A.B. DE C.V. | VSOGF | 398,909 | $13.7M | 0.66% |
| 43 | ALGONQUIN PWR UTILS CORP | 015857105 | 2,520,198 | $13.5M | 0.65% |
| 44 | HUBBELL INC | HUBB | 30,756 | $13.2M | 0.64% |
| 45 | COINBASE GLOBAL INC | COIN | 10,521,000 | $13.1M | 0.64% |
| 46 | ORMAT TECHNOLOGIES INC | ORA | 136,101 | $13.1M | 0.63% |
| 47 | WEC ENERGY GROUP INC | WEC | 10,500,000 | $12.9M | 0.62% |
| 48 | EXPEDIA GROUP INC | EXPE | 12,655,000 | $12.8M | 0.62% |
| 49 | EMBRAER S.A. | EMBJ | 208,412 | $12.6M | 0.61% |
| 50 | VISTRA CORP | VST | 62,661 | $12.3M | 0.59% |
| 51 | PETROLEO BRASILEIRO SA PETRO | 71654V408 | 924,327 | $11.7M | 0.57% |
| 52 | SOUTHERN CO | SOMN | 119,530 | $11.3M | 0.55% |
| 53 | DUKE ENERGY CORP NEW | DUKB | 10,260,000 | $11.0M | 0.53% |
| 54 | LAUREATE EDUCATION INC | LAUR | 343,030 | $10.8M | 0.52% |
| 55 | LOMA NEGRA C I A S A MTN 14 | 54150E104 | 1,436,459 | $10.6M | 0.51% |
| 56 | DTE ENERGY CO | DTK | 73,638 | $10.4M | 0.50% |
| 57 | AMERICAN WTR CAP CORP | 03040WBE4 | 10,230,000 | $10.2M | 0.50% |
| 58 | EVERSOURCE ENERGY | ES | 137,630 | $9.8M | 0.47% |
| 59 | GLOBAL PMTS INC | 37940XAU6 | 10,280,000 | $9.4M | 0.46% |
| 60 | LI AUTO INC | LAAOF | 359,124 | $9.1M | 0.44% |
| 61 | RIVIAN AUTOMOTIVE INC | RIVN | 8,525,000 | $8.9M | 0.43% |
| 62 | TRIP COM GROUP LTD | TRPCF | 6,762,000 | $8.6M | 0.42% |
| 63 | CLOUDFLARE INC | NET | 6,592,000 | $8.2M | 0.40% |
| 64 | AMERICAN ELEC PWR CO INC | 025537101 | 70,404 | $7.9M | 0.38% |
| 65 | TALEN ENERGY CORP | TLN | 18,197 | $7.7M | 0.37% |
| 66 | HF SINCLAIR CORP | DINO | 143,634 | $7.5M | 0.36% |
| 67 | SUNRUN INC | RUN | 433,444 | $7.5M | 0.36% |
| 68 | SHIFT4 PMTS INC | 82452JAD1 | 7,338,000 | $7.2M | 0.35% |
| 69 | DELTA AIR LINES INC DEL | DAL | 126,185 | $7.2M | 0.35% |
| 70 | SYNCHRONY FINANCIAL | SYF-PB | 99,702 | $7.1M | 0.34% |
| 71 | VISTRA CORP | VST | 35,682 | $7.0M | 0.34% |
| 72 | SANDISK CORP | SNDK | 61,426 | $6.9M | 0.33% |
| 73 | CENTERPOINT ENERGY INC | CNP | 6,146,000 | $6.8M | 0.33% |
| 74 | AES CORP | AES | 514,592 | $6.8M | 0.33% |
| 75 | WASTE MGMT INC DEL | 94106L109 | 30,133 | $6.7M | 0.32% |
| 76 | VENTAS RLTY LTD PARTNERSHIP | VTR | 5,125,000 | $6.6M | 0.32% |
| 77 | NEXTERA ENERGY CAP HLDGS INC | NEE-PW | 5,544,000 | $6.6M | 0.32% |
| 78 | JAZZ INVESTMENTS I LTD | 472145AH4 | 5,200,000 | $6.2M | 0.30% |
| 79 | ALLIANT ENERGY CORP | LNT | 84,584 | $5.7M | 0.28% |
| 80 | UBER TECHNOLOGIES INC | UBER | 4,465,000 | $5.5M | 0.26% |
| 81 | COUPANG INC | CPNG | 166,000 | $5.3M | 0.26% |
| 82 | PINNACLE WEST CAP CORP | PNW | 4,878,000 | $5.3M | 0.25% |
| 83 | PPL CAP FDG INC | PPLC | 4,500,000 | $5.1M | 0.25% |
| 84 | SHOPIFY INC | SHOP | 4,830,000 | $5.1M | 0.25% |
| 85 | ALLIANT ENERGY CORP | LNT | 4,632,000 | $5.0M | 0.24% |
| 86 | PG&E CORP | PCG-PX | 4,837,000 | $4.9M | 0.24% |
| 87 | TELECOM ARGENTINA SA | TCMFF | 669,828 | $4.9M | 0.24% |
| 88 | FORD MTR CO | 345370CZ1 | 4,625,000 | $4.7M | 0.23% |
| 89 | AMEREN CORP | AEE | 44,576 | $4.7M | 0.23% |
| 90 | BENTLEY SYS INC | BSY | 4,497,000 | $4.4M | 0.21% |
| 91 | JACKSON FINANCIAL INC | JXN-PA | 43,720 | $4.4M | 0.21% |
| 92 | NEXTERA ENERGY INC | NEE-PW | 56,716 | $4.3M | 0.21% |
| 93 | EXELON CORP | EXC | 90,377 | $4.1M | 0.20% |
| 94 | CMS ENERGY CORP | CMS-PC | 3,620,000 | $4.0M | 0.19% |
| 95 | AMERICAN ELEC PWR CO INC | 025537101 | 34,023 | $3.8M | 0.19% |
| 96 | ON SEMICONDUCTOR CORP | ON | 3,314,000 | $3.8M | 0.18% |
| 97 | PARSONS CORP DEL | PSN | 3,313,000 | $3.8M | 0.18% |
| 98 | DOMINION ENERGY INC | D | 61,249 | $3.7M | 0.18% |
| 99 | ITRON INC | ITRI | 3,530,000 | $3.7M | 0.18% |
| 100 | INTERPUBLIC GROUP COS INC | INTR | 133,069 | $3.7M | 0.18% |
| 101 | GRUPO SUPERVIELLE S.A. | SUPV | 744,609 | $3.7M | 0.18% |
| 102 | UBER TECHNOLOGIES INC | UBER | 2,400,000 | $3.5M | 0.17% |
| 103 | IONIS PHARMACEUTICALS INC | IONS | 2,420,000 | $3.3M | 0.16% |
| 104 | GRAN TIERRA ENERGY INC | GTE | 772,507 | $3.3M | 0.16% |
| 105 | DROPBOX INC | DBX | 3,208,000 | $3.3M | 0.16% |
| 106 | AMERICAN WTR WKS CO INC NEW | 030420103 | 23,763 | $3.3M | 0.16% |
| 107 | HALOZYME THERAPEUTICS INC | HALO | 2,332,000 | $3.3M | 0.16% |
| 108 | BRIDGEBIO PHARMA INC | BBIO | 2,154,000 | $3.0M | 0.15% |
| 109 | MKS INC. | MKSI | 2,700,000 | $3.0M | 0.14% |
| 110 | LUMENTUM HLDGS INC | LITE | 1,745,000 | $2.9M | 0.14% |
| 111 | YPF SOCIEDAD ANONIMA | YPF | 117,075 | $2.8M | 0.14% |
| 112 | ALGONQUIN PWR UTILS CORP | 015857105 | 525,122 | $2.8M | 0.14% |
| 113 | ALARM COM HLDGS INC | ALRM | 2,580,000 | $2.5M | 0.12% |
| 114 | GUARDANT HEALTH INC | GH | 1,885,000 | $2.4M | 0.12% |
| 115 | UGI CORP NEW | 902681AB1 | 1,901,000 | $2.4M | 0.12% |
| 116 | WASTE MGMT INC DEL | 94106L109 | 10,852 | $2.4M | 0.12% |
| 117 | ESSENTIAL UTILS INC | 29670G102 | 58,349 | $2.3M | 0.11% |
| 118 | IRHYTHM TECHNOLOGIES INC | IRTC | 1,694,000 | $2.3M | 0.11% |
| 119 | FLUOR CORP | FLR | 1,882,000 | $2.2M | 0.11% |
| 120 | LI AUTO INC | LAAOF | 1,922,000 | $2.2M | 0.11% |
| 121 | MERITAGE HOMES CORP | MTH | 2,075,000 | $2.1M | 0.10% |
| 122 | AMEREN CORP | AEE | 20,040 | $2.1M | 0.10% |
| 123 | VEON LTD | VEON | 37,618 | $2.0M | 0.10% |
| 124 | ASCENDIS PHARMA A/S | ASND | 1,481,000 | $2.0M | 0.10% |
| 125 | LANTHEUS HLDGS INC | LNTH | 1,682,000 | $1.8M | 0.09% |
| 126 | TETRA TECH INC NEW | TTEK | 1,581,000 | $1.7M | 0.08% |
| 127 | MICROCHIP TECHNOLOGY INC. | MCHPP | 1,676,000 | $1.6M | 0.08% |
| 128 | NORTHERN OIL & GAS INC | NOG | 1,570,000 | $1.6M | 0.08% |
| 129 | PROGRESS SOFTWARE CORP | 743312AD2 | 1,569,000 | $1.6M | 0.08% |
| 130 | VISHAY INTERTECHNOLOGY INC | VSH | 1,718,000 | $1.6M | 0.08% |
| 131 | LIBERTY MEDIA CORP DEL | FWONB | 1,168,000 | $1.5M | 0.07% |
| 132 | ADVANCED ENERGY INDS | 007973AE0 | 1,084,000 | $1.5M | 0.07% |
| 133 | VERIZON COMMUNICATIONS INC | VZ | 32,682 | $1.4M | 0.07% |
| 134 | WORKIVA INC | WK | 1,399,000 | $1.4M | 0.07% |
| 135 | CORPORACION AMER ARPTS S A | L1995B107 | 75,387 | $1.4M | 0.07% |
| 136 | TYLER TEX INDPT SCH DIST | 902252AB1 | 1,085,000 | $1.2M | 0.06% |
| 137 | LYFT INC | LYFT | 1,267,000 | $1.1M | 0.05% |
| 138 | REPLIGEN CORP | RGEN | 877,000 | $884,112 | 0.04% |
| 139 | PDD HOLDINGS INC | PDD | 6,390 | $844,566 | 0.04% |
| 140 | XYLEM INC | XYL | 5,425 | $800,188 | 0.04% |
| 141 | TRIMBLE INC | TRMB | 9,493 | $775,103 | 0.04% |
| 142 | LIBERTY MEDIA CORP DEL | FWONB | 685,000 | $714,825 | 0.03% |
| 143 | AECOM | ACM | 5,478 | $714,715 | 0.03% |
| 144 | COMPANHIA DE SANEAMENTO BASI | SBS | 27,437 | $682,907 | 0.03% |
| 145 | ITRON INC | ITRI | 5,033 | $626,910 | 0.03% |
| 146 | WATTS WATER TECHNOLOGIES INC | WTS | 2,232 | $623,353 | 0.03% |
| 147 | ECOLAB INC | ECL | 2,194 | $600,849 | 0.03% |
| 148 | MUELLER WTR PRODS INC | 624758108 | 22,513 | $574,532 | 0.03% |
| 149 | ELI LILLY & CO | LLY | 750 | $572,250 | 0.03% |
| 150 | PLANET LABS PBC | PL-WT | 42,320 | $549,314 | 0.03% |
| 151 | REPUBLIC SVCS INC | 760759100 | 2,382 | $546,621 | 0.03% |
| 152 | SOLENO THERAPEUTICS INC | SLNO | 7,466 | $504,702 | 0.02% |
| 153 | CLEAN HARBORS INC | CLH | 2,131 | $494,861 | 0.02% |
| 154 | ABBVIE INC | ABBV | 2,108 | $488,086 | 0.02% |
| 155 | ADVANCED DRAIN SYS INC DEL | 00790R104 | 3,234 | $448,556 | 0.02% |
| 156 | COINBASE GLOBAL INC | COIN | 403,000 | $446,403 | 0.02% |
| 157 | JAZZ INVESTMENTS I LTD | 472145AF8 | 400,000 | $424,384 | 0.02% |
| 158 | TETRA TECH INC NEW | TTEK | 12,253 | $409,005 | 0.02% |
| 159 | VALMONT INDS INC | 920253101 | 1,027 | $398,199 | 0.02% |
| 160 | BOSTON SCIENTIFIC CORP | BSX | 3,848 | $375,680 | 0.02% |
| 161 | GUARDANT HEALTH INC | GH | 5,846 | $365,258 | 0.02% |
| 162 | BALL CORP | BALL | 7,033 | $354,604 | 0.02% |
| 163 | EXACT SCIENCES CORP | 30063P105 | 6,352 | $347,518 | 0.02% |
| 164 | DEERE & CO | DE | 750 | $342,945 | 0.02% |
| 165 | COPART INC | CPRT | 7,386 | $332,148 | 0.02% |
| 166 | ABBOTT LABS | ABLZF | 2,398 | $321,188 | 0.02% |
| 167 | KADANT INC | KAI | 1,012 | $301,151 | 0.01% |
| 168 | BEONE MEDICINES LTD | BEIGF | 852 | $290,276 | 0.01% |
| 169 | HCA HEALTHCARE INC | HCA | 680 | $289,816 | 0.01% |
| 170 | MIRUM PHARMACEUTICALS INC | MIRM | 3,797 | $278,358 | 0.01% |
| 171 | SUNOPTA INC | STKL | 47,163 | $276,375 | 0.01% |
| 172 | IRHYTHM TECHNOLOGIES INC | IRTC | 1,595 | $274,324 | 0.01% |
| 173 | HOLOGIC INC | HOLX | 3,963 | $267,463 | 0.01% |
| 174 | STANTEC INC | STN | 2,472 | $266,654 | 0.01% |
| 175 | ETSY INC | ETSY | 256,000 | $264,799 | 0.01% |
| 176 | UNITEDHEALTH GROUP INC | UNH | 758 | $261,737 | 0.01% |
| 177 | STRATEGY INC | STRD | 145,000 | $258,950 | 0.01% |
| 178 | INSMED INC | INSM | 1,648 | $237,328 | 0.01% |
| 179 | THERMO FISHER SCIENTIFIC INC | TMO | 477 | $231,355 | 0.01% |
| 180 | EYEPOINT PHARMACEUTICALS INC | EYPT | 16,195 | $230,617 | 0.01% |
| 181 | PACKAGING CORP AMER | 695156109 | 1,052 | $229,262 | 0.01% |
| 182 | RIVIAN AUTOMOTIVE INC | RIVN | 245,000 | $226,716 | 0.01% |
| 183 | WEC ENERGY GROUP INC | WEC | 184,000 | $219,529 | 0.01% |
| 184 | DEXCOM INC | DXCM | 3,250 | $218,693 | 0.01% |
| 185 | IQVIA HLDGS INC | IQV | 1,129 | $214,442 | 0.01% |
| 186 | INSULET CORP | PODD | 653 | $201,601 | 0.01% |
| 187 | RHYTHM PHARMACEUTICALS INC | RYTM | 1,988 | $200,768 | 0.01% |
| 188 | OCULAR THERAPEUTIX INC | OCUL | 16,241 | $189,857 | 0.01% |