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Livermore
Livermore
ZHEN

RWC Asset Management LLP

SEC CIK
0001520478
Latest filing
Jul 27, 2026

The latest 13F from RWC Asset Management LLP covers Q2 2026 (filed Jul 27, 2026): 160 long positions worth $2.64B. The top 10 holdings make up 44.6% of the portfolio, and the largest is Macy's, Inc. (M) at 8.0%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
29
Est. +$305.8M
Added
49
Est. +$176.7M
Reduced
33
Est. −$198.3M
Sold out
32
Est. −$100.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. MMacy's, Inc.
    8.0%$210.6MHistory
  2. SJMJ M SMUCKER Co
    6.6%$175.0MHistory
  3. KHCKraft Heinz Co
    6.3%$165.3MHistory
  4. CMCSAComcast Corp
    6.2%$163.2MHistory
  5. HPQHP Inc
    5.4%$142.0MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. SJMJ M SMUCKER Co
    +$175.0MNewHistory
  2. KHCKraft Heinz Co
    +$50.8MAddedHistory
  3. YPFYpf Sociedad Anonima
    +$26.5MAddedHistory
  4. FRVOFervo Energy Co
    +$15.0MNewHistory
  5. CMCSAComcast Corp
    +$14.5MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. SJMJ M SMUCKER Co
    +6.63 pp0.0% → 6.6%History
  2. KHCKraft Heinz Co
    +1.72 pp4.5% → 6.3%History
  3. YPFYpf Sociedad Anonima
    +0.99 pp0.1% → 1.1%History
  4. FRVOFervo Energy Co
    +0.57 pp0.0% → 0.6%History
  5. Firstenergy Corp337932AV9
    +0.54 pp0.0% → 0.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. LEALear Corp
    −$69.7MReducedHistory
  2. MMacy's, Inc.
    −$54.9MReducedHistory
  3. TAPMolson Coors Beverage Co
    −$50.9MSold outHistory
  4. SQMChemical & Mining Co of Chile Inc
    −$23.2MReducedHistory
  5. Akamai Technologies Inc00971TAN1
    −$19.6MSold out

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. LEALear Corp
    −2.62 pp3.2% → 0.6%History
  2. TAPMolson Coors Beverage Co
    −2.12 pp2.1% → 0.0%History
  3. SQMChemical & Mining Co of Chile Inc
    −1.42 pp3.2% → 1.8%History
  4. GFIGold Fields Ltd
    −1.08 pp2.5% → 1.4%History
  5. Akamai Technologies Inc00971TAN1
    −0.82 pp0.8% → 0.0%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.64B
+$241.1M (+10.0%) vs. prior quarter
Positions
160
−3 vs. prior quarter
Top 10 concentration
44.6%
Top 10 as share of value
Turnover
11.8%
Q2 2026, one quarter
Average holding period
9.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.61B (Q4 2021)

Q1 2021: $3.30BQ2 2021: $3.50BQ3 2021: $3.28BQ4 2021: $3.61BQ1 2022: $3.60BQ2 2022: $3.19BQ3 2022: $2.98BQ4 2022: $3.19BQ1 2023: $3.24BQ2 2023: $2.08BQ3 2023: $1.53BQ4 2023: $1.65BQ1 2024: $1.59BQ2 2024: $1.42BQ3 2024: $1.72BQ4 2024: $2.00BQ1 2025: $1.94BQ2 2025: $1.90BQ3 2025: $2.07BQ4 2025: $2.03BQ1 2026: $2.40BQ2 2026: $2.64B
Q1 2021Q2 2026
13F filings of RWC Asset Management LLP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 27, 2026160$2.64BMSJMKHCvs. Q1 2026SEC
Q1 2026Apr 27, 2026163$2.40BMCMCSAHPQvs. Q4 2025SEC
Q4 2025Feb 11, 2026166$2.03BMHPQEXCvs. Q3 2025SEC
Q3 2025Oct 27, 2025180$2.07BMHPQEXCvs. Q2 2025SEC
Q2 2025Aug 13, 2025164$1.90BHPQMEXCvs. Q1 2025SEC
Q1 2025May 7, 2025146$1.94BHPQEXCMvs. Q4 2024SEC
Q4 2024Feb 4, 2025143$2.00BHPQEXCCSCOvs. Q3 2024SEC
Q3 2024Oct 31, 2024121$1.72BHPQCSCOBarrick Gold Corpvs. Q2 2024SEC
Q2 2024Aug 1, 2024102$1.42BHPQCSCOBarrick Gold Corpvs. Q1 2024SEC
Q1 2024May 8, 2024111$1.59BHPQQCOMCSCOvs. Q4 2023SEC
Q4 2023Feb 5, 2024103$1.65BHPQQCOMCSCOvs. Q3 2023SEC
Q3 2023Oct 26, 2023131$1.53BHPQCSCOQCOMvs. Q2 2023SEC
Q2 2023Aug 4, 2023127$2.08BHPQCSCONEMvs. Q1 2023SEC
Q1 2023May 15, 2023128$3.24BHPQMSFTELVvs. Q4 2022SEC
Q4 2022Jan 31, 2023129$3.19BELVSCHWHPQvs. Q3 2022SEC
Q3 2022Nov 14, 2022130$2.98BELVHPQKRvs. Q2 2022SEC
Q2 2022Aug 9, 2022128$3.19BHPQKRNEMvs. Q1 2022SEC
Q1 2022May 13, 2022134$3.60BHPQNEMTSMvs. Q4 2021SEC
Q4 2021Feb 14, 2022125$3.61BHPQMSFTAMZNvs. Q3 2021SEC
Q3 2021Nov 3, 2021118$3.28BAMZNHPQCHTRvs. Q2 2021SEC
Q2 2021Aug 2, 2021134$3.50BHPQAMZNNEMvs. Q1 2021SEC
Q1 2021May 17, 2021126$3.30BHPQAMZNTSM–SEC

13D and 13G filings

Companies where RWC Asset Management LLP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where RWC Asset Management LLP owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
AUNAAuna S.A.13G/A5.05%1.52M shares0.00 ppfrom 5.05%Sep 4, 202410 filingsJul 9, 2026SEC

Latest filings

10 filings on file made by RWC Asset Management LLP or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by RWC Asset Management LLP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
AUNAAuna S.A.Jul 9, 20261:28 PM ET13G/A5.05%1.52M shares0.00 ppfrom 5.05%Jun 30, 2026SEC
AUNAAuna S.A.Apr 22, 20262:02 PM ET13G/A5.05%1.52M shares−0.02 ppfrom 5.07%Mar 31, 2026SEC
AUNAAuna S.A.Jan 5, 20261:27 PM ET13G/A5.07%1.52M shares0.00 ppfrom 5.07%Dec 31, 2025SEC
AUNAAuna S.A.Oct 29, 20251:22 PM ET13G/A5.07%1.52M shares0.00 ppfrom 5.07%Sep 30, 2025SEC
AUNAAuna S.A.Jul 3, 20256:16 PM ET13G/A5.07%1.52M shares−0.01 ppfrom 5.08%Jun 30, 2025SEC
AUNAAuna S.A.Apr 7, 20259:48 AM ET13G/A5.08%1.52M shares0.00 ppfrom 5.08%Mar 31, 2025SEC
AUNAAuna S.A.Jan 7, 20253:49 PM ET13G/A5.08%1.52M shares+0.01 ppfrom 5.07%Dec 31, 2024SEC
AUNAAuna S.A.Jan 7, 20253:02 PM ET13G5.07%1.52M shares–Sep 30, 2024SEC
AUNAAuna S.A.Oct 2, 202413G/AOld format–––SEC
AUNAAuna S.A.Sep 4, 202413DOld format–New–SEC