Institutional Manager · CIK 0001513137
INCA Investments LLC
MIAMI, FL · File #028-14407
Latest AUM
$285.9M
Positions
9
Top-10 Concentration
100.0%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | LATAM AIRLINES GROUP SA | LTM | +807,079 | +$43.6M | $0 |
| EXITED | XP INC | G98239109 | -926,752 | -$17.4M | $0 |
| ADD | BANCO SANTANDER CHILE NEW | BSAC | +349,082 | +$10.9M | +$3.3M |
| REDUCE | GRUPO FINANCIERO GALICIA S A | GGAL | -140,105 | -$7.6M | +$28.5M |
| ADD | CREDICORP LTD | BAP | +12,183 | +$3.5M | +$4.5M |
| REDUCE | ARCOS DORADOS HOLDINGS INC | ARCO | -427,563 | -$3.1M | +$717,182 |
| ADD | FOMENTO ECONOMICO MEXICANO S | 344419106 | +25,536 | +$2.6M | +$902,128 |
| ADD | NU HLDGS LTD | NU | +42,933 | +$718,698 | +$1.1M |
| REDUCE | MERCADOLIBRE INC | MELI | -252 | -$507,594 | -$2.5M |
| REDUCE | ITAU UNIBANCO HLDG SA | 465562106 | -50,571 | -$362,088 | -$173,151 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 20259 pos · $285.9M
- 13F HOLDINGS REPORTQ/E Sep 20259 pos · $217.3M
- 13F HOLDINGS REPORTQ/E Jun 202510 pos · $257.5M
- 13F HOLDINGS REPORTQ/E Mar 202510 pos · $218.5M
- 13F HOLDINGS REPORTQ/E Dec 202410 pos · $242.6M
- 13F HOLDINGS REPORTQ/E Sep 202410 pos · $234.3M
- 13F HOLDINGS REPORTQ/E Jun 202410 pos · $236,421
- 13F HOLDINGS REPORTQ/E Mar 202411 pos · $232,401
- 13F HOLDINGS REPORTQ/E Dec 202311 pos · $248,679
Top 9 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | CREDICORP LTD | BAP | 228,233 | $65.5M | 22.91% |
| 2 | GRUPO FINANCIERO GALICIA S A | GGAL | 940,056 | $50.7M | 17.74% |
| 3 | LATAM AIRLINES GROUP SA | LTM | 807,079 | $43.6M | 15.25% |
| 4 | FOMENTO ECONOMICO MEXICANO S | 344419106 | 395,261 | $39.9M | 13.97% |
| 5 | BANCO SANTANDER CHILE NEW | BSAC | 1,064,274 | $33.1M | 11.58% |
| 6 | NU HLDGS LTD | NU | 1,534,540 | $25.7M | 8.99% |
| 7 | MERCADOLIBRE INC | MELI | 7,467 | $15.0M | 5.26% |
| 8 | ITAU UNIBANCO HLDG SA | 465562106 | 911,377 | $6.5M | 2.28% |
| 9 | ARCOS DORADOS HOLDINGS INC | ARCO | 788,001 | $5.8M | 2.02% |