INCA Investments LLC

CIK 1513137 · View on SEC EDGAR ↗

Portfolio value
$353.4M
#4,699 of 9,443 by 13F value · top 49.8%
Positions
10
As of
June 30, 2026

Portfolio value QoQ: +25.4% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
10
Effective number of positions
7.5

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 9.89% Est. buys $75,029,374 · sells $31,397,823

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 76.9% still held

New positions
1
Increased
4
Decreased
1
Closed
1
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+41.5%
S&P 500 total return (same window)
+28.1%
Excess return
+13.4%

Annualized: +26.1% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 100.0% · Options excluded: 0.0%

Sector breakdown

Financials
61.5%
Industrials
23.8%
Telecommunication
9.1%
Retail
4.2%
Consumer Discretionary
1.5%

Full portfolio 10 positions

Type Streak 8Q trend
BSAC Banco Santander - Chile ADS $63,981,969 18.11% 1,942,969 $21,767,976 Up ×4
BAP Credicorp Ltd. Common Stock $61,150,035 17.31% 156,964 $-8,778,706 Down ×2
GGAL Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying $53,306,515 15.09% 1,065,491 $9,396,499 Up ×1
LTM LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of Common Stock) $47,028,493 13.31% 807,079 $7,126,507
CPA Copa Holdings, S.A. Class A Common Stock $36,903,382 10.44% 237,214 $9,953,499
NU Nu Holdings Ltd. Class A Ordinary Shares $32,309,209 9.14% 2,418,354 $10,525,740 Up ×1
AMX America Movil, S.A.B. de C.V. American Depositary Shares (each representing the right to receive twenty (20) Series B Shares $32,040,186 9.07% 1,232,789 Up ×1
MELI MercadoLibre, Inc. - Common Stock $14,969,282 4.24% 8,819 $2,058,690 Up ×1
ITUB Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) $6,397,821 1.81% 783,087 $-164,448
ARCO Arcos Dorados Holdings Inc. Class A Shares $5,274,400 1.49% 654,392 $-124,334

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
BSAC $63,981,969 18.11% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
AMX $32,040,186 1,232,789 9.07%

Top movers (QoQ)

Security Action Shares Δ Value Δ
BSAC Bought more +679K +$21.8M
NU Bought more +902K +$10.5M
CPA Price move only +0 +$10.0M
GGAL Bought more +125K +$9.4M
BAP Trimmed -49K -$8.8M
LTM Price move only +0 +$7.1M
MELI Bought more +1K +$2.1M
ITUB Price move only +0 -$164K
ARCO Price move only +0 -$124K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
LOMA Sept. 30, 2025 1,936,036 $21,238,315 27.3%
XP Dec. 31, 2025 926,752 $17,413,670 0.6%
FMX June 30, 2026 110,104 $12,228,150 -6.6%