13F HOLDINGS REPORT
RWC Asset Management LLP
Quarter ended Q4 2025 · Filed February 11, 2026 · Accession 0001398344-26-002729
Total Value
$2.03B
Positions
166
Other Managers
1
Confidential Omitted
No
Holdings (166)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MACYS INC | 55616P104 | 10,965,149 | $241.8M | 11.88% |
| 2 | HP INC | HPQ | 6,010,052 | $133.9M | 6.58% |
| 3 | EXELON CORP | EXC | 1,803,760 | $78.6M | 3.86% |
| 4 | LEAR CORP | LEA | 589,753 | $67.6M | 3.32% |
| 5 | GOLD FIELDS LTD | GFIOF | 1,335,993 | $58.3M | 2.87% |
| 6 | SOCIEDAD QUIMICA Y MINERA DE | 833635105 | 846,610 | $58.2M | 2.86% |
| 7 | JOHNSON & JOHNSON | JNJ | 266,405 | $55.1M | 2.71% |
| 8 | MOLSON COORS BEVERAGE CO | TAP-A | 1,104,632 | $51.6M | 2.53% |
| 9 | OMNICOM GROUP INC | OMC | 557,401 | $45.0M | 2.21% |
| 10 | GRUPO FINANCIERO GALICIA S.A | GGAL | 816,201 | $44.0M | 2.16% |
| 11 | SYSCO CORP | SYY | 528,494 | $38.9M | 1.91% |
| 12 | PAYCHEX INC | PAYX | 334,959 | $37.6M | 1.85% |
| 13 | VISTA ENERGY S.A.B. DE C.V. | VSOGF | 746,132 | $36.3M | 1.78% |
| 14 | KEURIG DR PEPPER INC | KDP | 1,269,368 | $35.6M | 1.75% |
| 15 | AMERICAN TOWER CORP NEW | 03027X100 | 200,944 | $35.3M | 1.73% |
| 16 | VALE S A | VALE | 2,500,707 | $32.6M | 1.60% |
| 17 | CONSTELLATION ENERGY CORP | CEG | 90,481 | $32.0M | 1.57% |
| 18 | CMS ENERGY CORP | CMS-PC | 439,807 | $30.8M | 1.51% |
| 19 | NEXTERA ENERGY INC | NEE-PW | 372,225 | $29.9M | 1.47% |
| 20 | PHILIP MORRIS INTL INC | 718172109 | 180,661 | $29.0M | 1.42% |
| 21 | AMBEV SA | ABEV | 10,715,881 | $26.5M | 1.30% |
| 22 | DOMINION ENERGY INC | D | 436,342 | $25.6M | 1.26% |
| 23 | LOMA NEGRA C I A S A MTN 14 | 54150E104 | 1,965,612 | $25.5M | 1.25% |
| 24 | BANCO SANTANDER CHILE NEW | BSAC | 806,568 | $25.1M | 1.23% |
| 25 | PEPSICO INC | PEP | 173,695 | $24.9M | 1.23% |
| 26 | MERCK & CO INC | MRK | 212,417 | $22.4M | 1.10% |
| 27 | BRIXMOR PPTY GROUP INC | 11120U105 | 839,946 | $22.0M | 1.08% |
| 28 | PUBLIC SVC ENTERPRISE GRP IN | 744573106 | 272,267 | $21.9M | 1.07% |
| 29 | EMBRAER S.A. | EMBJ | 327,381 | $21.1M | 1.04% |
| 30 | ALIBABA GROUP HLDG LTD | BBAAY | 140,786 | $20.6M | 1.01% |
| 31 | MERCADOLIBRE INC | MELI | 10,026 | $20.2M | 0.99% |
| 32 | AKAMAI TECHNOLOGIES INC | AKAM | 18,200,000 | $18.0M | 0.88% |
| 33 | FEDERAL RLTY INVT TR NEW | 313745101 | 178,234 | $18.0M | 0.88% |
| 34 | CLEARWAY ENERGY INC | CWEN-A | 526,195 | $17.5M | 0.86% |
| 35 | EPAM SYS INC | EPAM | 77,529 | $15.9M | 0.78% |
| 36 | TE CONNECTIVITY PLC | TEL | 69,205 | $15.7M | 0.77% |
| 37 | HUBBELL INC | HUBB | 33,235 | $14.8M | 0.73% |
| 38 | PG&E CORP | PCG-PX | 896,669 | $14.4M | 0.71% |
| 39 | ALGONQUIN PWR UTILS CORP | 015857105 | 2,331,095 | $14.3M | 0.70% |
| 40 | GRUPO SUPERVIELLE S.A. | SUPV | 1,178,894 | $13.9M | 0.68% |
| 41 | SOUTHERN CO | SOMN | 11,610,000 | $12.4M | 0.61% |
| 42 | TELECOM ARGENTINA SA | TCMFF | 1,009,244 | $11.7M | 0.58% |
| 43 | WEC ENERGY GROUP INC | WEC | 10,000,000 | $11.7M | 0.57% |
| 44 | FIRST SOLAR INC | FSLR | 41,424 | $10.8M | 0.53% |
| 45 | ORMAT TECHNOLOGIES INC | ORA | 97,901 | $10.8M | 0.53% |
| 46 | JD.COM INC | JDCMF | 10,743,000 | $10.8M | 0.53% |
| 47 | DUKE ENERGY CORP NEW | DUKB | 10,241,000 | $10.6M | 0.52% |
| 48 | TECK RESOURCES LTD | TCKRF | 213,497 | $10.2M | 0.50% |
| 49 | EXPEDIA GROUP INC | EXPE | 9,117,000 | $10.2M | 0.50% |
| 50 | XCEL ENERGY INC | XELLL | 135,490 | $10.0M | 0.49% |
| 51 | DELTA AIR LINES INC DEL | DAL | 142,067 | $9.9M | 0.48% |
| 52 | AVISTA CORP | AVA | 249,608 | $9.6M | 0.47% |
| 53 | SOUTHERN CO | SOMN | 109,977 | $9.6M | 0.47% |
| 54 | SYNCHRONY FINANCIAL | SYF-PB | 113,924 | $9.5M | 0.47% |
| 55 | COINBASE GLOBAL INC | COIN | 9,258,000 | $9.5M | 0.47% |
| 56 | AMERICAN WTR CAP CORP | 03040WBE4 | 9,350,000 | $9.3M | 0.46% |
| 57 | VISTRA CORP | VST | 57,665 | $9.3M | 0.46% |
| 58 | KANZHUN LIMITED | BZ | 456,013 | $9.3M | 0.46% |
| 59 | TALEN ENERGY CORP | TLN | 24,541 | $9.2M | 0.45% |
| 60 | DTE ENERGY CO | DTK | 67,751 | $8.7M | 0.43% |
| 61 | RIVIAN AUTOMOTIVE INC | RIVN | 6,537,000 | $8.2M | 0.41% |
| 62 | EVERSOURCE ENERGY | ES | 115,276 | $7.8M | 0.38% |
| 63 | HF SINCLAIR CORP | DINO | 164,125 | $7.6M | 0.37% |
| 64 | AMERICAN ELEC PWR CO INC | 025537101 | 64,775 | $7.5M | 0.37% |
| 65 | FORD MTR CO | 345370CZ1 | 7,080,000 | $7.4M | 0.36% |
| 66 | SUNRUN INC | RUN | 398,290 | $7.3M | 0.36% |
| 67 | DEVON ENERGY CORP NEW | 25179M103 | 198,442 | $7.3M | 0.36% |
| 68 | CENTERPOINT ENERGY INC | CNP | 6,560,000 | $7.2M | 0.35% |
| 69 | CMS ENERGY CORP | CMS-PC | 6,620,000 | $7.1M | 0.35% |
| 70 | CLOUDFLARE INC | NET | 5,995,000 | $7.1M | 0.35% |
| 71 | GLOBAL PMTS INC | 37940XAU6 | 7,743,000 | $7.0M | 0.34% |
| 72 | AES CORP | AES | 473,450 | $6.8M | 0.33% |
| 73 | WASTE MGMT INC DEL | 94106L109 | 27,840 | $6.1M | 0.30% |
| 74 | NEXTERA ENERGY CAP HLDGS INC | NEE-PW | 4,919,000 | $6.1M | 0.30% |
| 75 | TRIP COM GROUP LTD | TRPCF | 4,946,000 | $6.1M | 0.30% |
| 76 | AMEREN CORP | AEE | 60,583 | $6.0M | 0.30% |
| 77 | PETROLEO BRASILEIRO SA PETRO | 71654V408 | 494,705 | $5.9M | 0.29% |
| 78 | ALLIANT ENERGY CORP | LNT | 5,607,000 | $5.8M | 0.29% |
| 79 | JACKSON FINANCIAL INC | JXN-PA | 50,037 | $5.3M | 0.26% |
| 80 | AMERICAN WTR WKS CO INC NEW | 030420103 | 40,197 | $5.2M | 0.26% |
| 81 | PINNACLE WEST CAP CORP | PNW | 4,900,000 | $5.2M | 0.26% |
| 82 | ALLIANT ENERGY CORP | LNT | 77,800 | $5.1M | 0.25% |
| 83 | PPL CAP FDG INC | PPLC | 4,500,000 | $4.9M | 0.24% |
| 84 | PG&E CORP | PCG-PX | 4,637,000 | $4.8M | 0.23% |
| 85 | JAZZ INVESTMENTS I LTD | 472145AH4 | 3,400,000 | $4.5M | 0.22% |
| 86 | ITRON INC | ITRI | 4,550,000 | $4.5M | 0.22% |
| 87 | LIVE NATION ENTERTAINMENT IN | LYV | 3,762,000 | $4.0M | 0.19% |
| 88 | MKS INC. | MKSI | 2,766,000 | $3.5M | 0.17% |
| 89 | ON SEMICONDUCTOR CORP | ON | 2,798,000 | $3.3M | 0.16% |
| 90 | UBER TECHNOLOGIES INC | UBER | 2,400,000 | $3.1M | 0.15% |
| 91 | MARA HOLDINGS INC | MARA | 3,870,000 | $3.1M | 0.15% |
| 92 | SHIFT4 PMTS INC | 82452JAD1 | 3,075,000 | $3.0M | 0.15% |
| 93 | DATADOG INC | DDOG | 2,916,000 | $2.9M | 0.14% |
| 94 | GRUPO AEROMEXICO SAB DE CV | 40054J109 | 124,350 | $2.7M | 0.13% |
| 95 | ALARM COM HLDGS INC | ALRM | 2,858,000 | $2.7M | 0.13% |
| 96 | DROPBOX INC | DBX | 2,683,000 | $2.7M | 0.13% |
| 97 | PARSONS CORP DEL | PSN | 2,497,000 | $2.6M | 0.13% |
| 98 | IRSA INVERSIONES Y REP S A | 450047303 | 155,815 | $2.6M | 0.13% |
| 99 | TYLER TEX INDPT SCH DIST | 902252AB1 | 2,480,000 | $2.5M | 0.12% |
| 100 | UPSTART HLDGS INC | UPST | 2,860,000 | $2.5M | 0.12% |
| 101 | GUIDEWIRE SOFTWARE INC | GWRE | 2,084,000 | $2.3M | 0.11% |
| 102 | YPF SOCIEDAD ANONIMA | YPF | 60,262 | $2.2M | 0.11% |
| 103 | LYFT INC | LYFT | 1,807,000 | $2.2M | 0.11% |
| 104 | STRATEGY INC | STRD | 1,842,000 | $2.2M | 0.11% |
| 105 | NUTANIX INC | NTNX | 2,200,000 | $2.1M | 0.10% |
| 106 | VEON LTD | VEON | 38,040 | $2.0M | 0.10% |
| 107 | CORPORACION AMER ARPTS S A | L1995B107 | 75,387 | $2.0M | 0.10% |
| 108 | SOLARIS ENERGY INFRAS INC | SEI | 1,791,000 | $1.9M | 0.10% |
| 109 | AFFIRM HLDGS INC | AFRM | 1,512,000 | $1.7M | 0.08% |
| 110 | BRIDGEBIO PHARMA INC | BBIO | 1,491,000 | $1.7M | 0.08% |
| 111 | LANTHEUS HLDGS INC | LNTH | 1,465,000 | $1.7M | 0.08% |
| 112 | PROGRESS SOFTWARE CORP | 743312AD2 | 1,652,000 | $1.7M | 0.08% |
| 113 | NORTHERN OIL & GAS INC | NOG | 1,560,000 | $1.5M | 0.07% |
| 114 | JBT MAREL CORPORATION | JBTM | 1,412,000 | $1.5M | 0.07% |
| 115 | TETRA TECH INC NEW | TTEK | 1,270,000 | $1.4M | 0.07% |
| 116 | ASCENDIS PHARMA A/S | ASND | 970,000 | $1.4M | 0.07% |
| 117 | GUARDANT HEALTH INC | GH | 1,257,000 | $1.4M | 0.07% |
| 118 | FLUOR CORP | FLR | 1,170,000 | $1.3M | 0.07% |
| 119 | NUTANIX INC | NTNX | 1,130,000 | $1.3M | 0.06% |
| 120 | LIBERTY MEDIA CORP DEL | FWONB | 958,000 | $1.2M | 0.06% |
| 121 | ETSY INC | ETSY | 1,193,000 | $1.2M | 0.06% |
| 122 | BENTLEY SYS INC | BSY | 1,265,000 | $1.2M | 0.06% |
| 123 | ITRON INC | ITRI | 1,100,000 | $1.1M | 0.05% |
| 124 | AEROVIRONMENT INC | AVAV | 900,000 | $981,752 | 0.05% |
| 125 | VERIZON COMMUNICATIONS INC | VZ | 22,767 | $927,300 | 0.05% |
| 126 | ELI LILLY & CO | LLY | 754 | $810,309 | 0.04% |
| 127 | TRIMBLE INC | TRMB | 9,493 | $743,777 | 0.04% |
| 128 | XYLEM INC | XYL | 5,425 | $738,777 | 0.04% |
| 129 | PDD HOLDINGS INC | PDD | 6,390 | $724,562 | 0.04% |
| 130 | PLANET LABS PBC | PL-WT | 34,700 | $684,284 | 0.03% |
| 131 | COMPANHIA DE SANEAMENTO BASI | SBS | 28,250 | $673,763 | 0.03% |
| 132 | WATTS WATER TECHNOLOGIES INC | WTS | 2,232 | $616,077 | 0.03% |
| 133 | COINBASE GLOBAL INC | COIN | 600,000 | $598,848 | 0.03% |
| 134 | ECOLAB INC | ECL | 2,194 | $575,969 | 0.03% |
| 135 | MUELLER WTR PRODS INC | 624758108 | 22,513 | $536,260 | 0.03% |
| 136 | REPUBLIC SVCS INC | 760759100 | 2,382 | $504,817 | 0.02% |
| 137 | CLEAN HARBORS INC | CLH | 2,131 | $499,677 | 0.02% |
| 138 | ADVANCED DRAIN SYS INC DEL | 00790R104 | 3,234 | $468,380 | 0.02% |
| 139 | ITRON INC | ITRI | 5,033 | $467,364 | 0.02% |
| 140 | ABBVIE INC | ABBV | 1,921 | $438,929 | 0.02% |
| 141 | TETRA TECH INC NEW | TTEK | 12,253 | $410,966 | 0.02% |
| 142 | THERMO FISHER SCIENTIFIC INC | TMO | 701 | $406,194 | 0.02% |
| 143 | AECOM | ACM | 4,069 | $387,898 | 0.02% |
| 144 | GUARDANT HEALTH INC | GH | 3,775 | $385,579 | 0.02% |
| 145 | VALMONT INDS INC | 920253101 | 931 | $374,560 | 0.02% |
| 146 | BALL CORP | BALL | 7,033 | $372,538 | 0.02% |
| 147 | DEERE & CO | DE | 750 | $349,178 | 0.02% |
| 148 | BOSTON SCIENTIFIC CORP | BSX | 3,507 | $334,392 | 0.02% |
| 149 | EYEPOINT INC | EYPT | 17,235 | $314,883 | 0.02% |
| 150 | BADGER METER INC | BMI | 1,762 | $307,310 | 0.02% |
| 151 | SCHOLAR ROCK HLDG CORP | SRRK | 6,718 | $295,928 | 0.01% |
| 152 | HCA HEALTHCARE INC | HCA | 620 | $289,453 | 0.01% |
| 153 | COPART INC | CPRT | 7,386 | $289,162 | 0.01% |
| 154 | IQVIA HLDGS INC | IQV | 1,236 | $278,607 | 0.01% |
| 155 | ABBOTT LABS | ABLZF | 2,186 | $273,884 | 0.01% |
| 156 | EXACT SCIENCES CORP | 30063P105 | 2,660 | $270,150 | 0.01% |
| 157 | IRHYTHM TECHNOLOGIES INC | IRTC | 1,454 | $257,998 | 0.01% |
| 158 | MIRUM PHARMACEUTICALS INC | MIRM | 3,134 | $247,555 | 0.01% |
| 159 | STANTEC INC | STN | 2,472 | $233,575 | 0.01% |
| 160 | JAZZ INVESTMENTS I LTD | 472145AF8 | 200,000 | $232,050 | 0.01% |
| 161 | UNITEDHEALTH GROUP INC | UNH | 691 | $228,106 | 0.01% |
| 162 | PACKAGING CORP AMER | 695156109 | 1,052 | $216,954 | 0.01% |
| 163 | KADANT INC | KAI | 746 | $212,625 | 0.01% |
| 164 | GLAUKOS CORP | GKOS | 1,790 | $202,109 | 0.01% |
| 165 | OCULAR THERAPEUTIX INC | OCUL | 14,797 | $179,636 | 0.01% |
| 166 | SUNOPTA INC | STKL | 47,163 | $179,219 | 0.01% |