The Evolution of RWC Asset Management LLP's Holdings in Q3 and Q4 of 2022

RWC Asset Management LLP is a London-based asset management firm that offers investment solutions to clients across the globe. As 2022 draws to a close, it's worth taking a look at the changes in holdings of one of the funds managed by RWC Asset Management LLP. The fund in question is a 13F holding fund, which discloses its holdings every quarter to the Securities and Exchange Commission (SEC). We will be comparing the Q3 2022 and Q4 2022 holdings of this fund.

When analyzing the changes in holdings, we will be taking a closer look at some of the top holdings, gainers, and losers of the fund. It's worth noting that the value of the holdings has been calculated based on the closing price of the stocks on the last trading day of the quarter.

Top Holdings

The top holdings for the fund remained consistent between Q3 and Q4 2022. Bank of America (BAC) continues to be the top holding, with a total of 1.8 million shares held. The market value of these shares increased from $54,334,000 in Q3 to $59,203,000 in Q4, marking a 9% increase.

Microsoft (MSFT) and HP Inc. (HPQ) also remain popular holdings, with 436,699 and 4,625,263 shares respectively in Q4. Microsoft saw an 8% increase in market value, from $101,706,000 in Q3 to $109,925,000 in Q4. HP Inc. saw a smaller increase of 5.8%, from $117,464,000 in Q3 to $124,280,000 in Q4.

Gainers

The biggest gainer for the fund was Pinduoduo Inc. (0A2S.IL), an e-commerce platform based in China. The fund increased its holdings from 1,236,522 shares in Q3 to 1,060,562 in Q4, marking a decrease of 14.3% in shares held. However, the market value of the shares increased from $77,382,000 in Q3 to $86,488,000 in Q4, marking an 11.8% increase. Despite the decrease in shares held, the increase in market value suggests that RWC Asset Management LLP has high expectations for the stock.

Other gainers for the fund include Full Truck Alliance Co Ltd. (YMM), an online platform connecting truck drivers and shippers in China, and American International Group Inc. (AIG), a multinational insurance company. Full Truck Alliance Co Ltd. saw a 97.6% increase in market value, from $16,956,000 in Q3 to $33,501,000 in Q4. American International Group Inc. saw a 72.1% increase in market value, from $40,321,000 in Q3 to $69,390,000 in Q4.

Losers

The biggest loser for the fund was Kroger Co. (KR), a retail company that operates supermarkets and multi-department stores in the United States. The fund decreased its holdings from 2,611,978 shares in Q3 to 1,978,689 in Q4, marking a decrease of 24.2% in shares held. The market value of these shares decreased from $114,273,000 in Q3 to $88,209,000 in Q4, marking a 22.8% decrease. This decrease in market value suggests that RWC Asset Management LLP is less bullish on Kroger Co.'s future prospects.

Other losers for the fund include Amazon.com Inc. (AMZN), an American e-commerce company, and PepsiCo Inc. (PEP), a multinational food and beverage company. Amazon.com Inc. saw a 26.1% decrease in market value, from $97,058,000 in Q3 to $71,693,000 in Q4. PepsiCo Inc. saw an 18.5% decrease in market value, from $39,862,000 in Q3 to $32,492,000 in Q4.

Conclusion

In summary, RWC Asset Management LLP experienced gains and losses in their holdings in Q3 and Q4 2022. It's worth monitoring these changes and analyzing the reasons behind them. Based on the data, it's evident that RWC Asset Management LLP is bullish on Microsoft, HP Inc., and Full Truck Alliance Co Ltd., and less optimistic about Kroger Co., Amazon.com Inc., and PepsiCo Inc. These changes could indicate a shift in RWC Asset Management LLP's investment strategy or a reflection of market trends. Regardless of the reason, investors can learn from the changes and make informed decisions about their own portfolios.