Westwood Global Investments portfolio

What changed this quarter

12 positions with a change (1 new, 9 added to, 2 sold). 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Tenaris−13.6 ppof portfolioSold out
  14.5% → —
• MercadoLibre+12.1 ppof portfolioNew
  — → 12.1%
• Yum China Holdings+47%more sharesIncreased
  8.7% → 10.1%
• Hdfc Bank+293%more sharesIncreased
  1.1% → 4.1%
• America Movil SAB De Cv/+6.9%more sharesIncreased
  11.7% → 12.0%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• CredicorpBAP21.6%Since Q1 2021 · 22 quartersDetails ▾
• Itau Unibanco HoldingITUB17.7%Since at least Q2 2013 · 53 quartersDetails ▾
• MercadoLibreMELI12.1%Since Q2 2026 · 1 quarterDetails ▾
• America Movil SAB De Cv/AMX12.0%Since at least Q2 2013 · 53 quartersDetails ▾
• Compania De Minas BuenaventuBVN11.7%Since Q3 2020 · 24 quartersDetails ▾
• Yum China HoldingsYUMC10.1%Since Q1 2026 · 2 quartersDetails ▾
• Grupo Financiero GaliciaGGAL9.8%Since Q4 2025 · 3 quartersDetails ▾
• Hdfc BankHDB4.1%Since Q1 2020 · 26 quartersDetails ▾
• Banco Bbva ArgentinaBBAR0.5%Since Q4 2025 · 3 quartersDetails ▾
• TerniumTX0.3%Since Q2 2025 · 5 quartersDetails ▾
• GlobantGLOB0.2%Since Q1 2026 · 2 quartersDetails ▾

“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.