INCA Investments LLC

MIAMI, FL · CIK 1513137 · 13F filing filed 2026-07-28

SEC-registered investment adviser since 2004 · limited liability company

Assets managed$569.6m
Staff9 · 7 in investment roles
Main clients (by assets)Sovereign wealth funds 62%, Private funds 38%
Private funds1 (1 hedge) · $215.7m gross assets
Websiteincainvestments.com
Form ADV · 2026-04-14SEC adviser record

Legal entityINCA INVESTMENTS, LLC (US)

Kindhedge funds, institutions
Others nearbyMiami, FL, São Paulo, Mexico City

As an employer

Offices in3 countries
Private fundshedge 1

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Miami, FL (main office)United States	United States	about 5
Sao PauloBrazil	Brazil	1
Ciudad De MexicoMexico	Mexico	1

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$353.4m reported value +25.4% vs Q1 2026

10positions

100.0%in top 10

1 new 4 added 1 reduced 1 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BANCO SANTANDER CHILE NEW SP ADR REP COM BSAC	BSAC	1,942,969	$64.0m18.11%	18.11%	Added +679.1k	+679,077 53.7%
2	CREDICORP LTD COM BAP	BAP	156,964	$61.2m17.31%	17.31%	Reduced -49.2k	-49,206 -23.9%
3	GRUPO FINANCIERO GALICIA S.A SPONSORED ADR GGAL	GGAL	1,065,491	$53.3m15.09%	15.09%	Added +125.4k	+125,435 13.3%
4	LATAM AIRLINES GROUP SA SPONSORED ADR LTM	LTM	807,079	$47.0m13.31%	13.31%	Unchanged
5	COPA HOLDINGS SA CL A CPA	CPA	237,214	$36.9m10.44%	10.44%	Unchanged
6	NU HLDGS LTD ORD SHS CL A NU	NU	2,418,354	$32.3m9.14%	9.14%	Added +902.5k	+902,455 59.5%
7	AMERICA MOVIL SAB DE CV SPON ADS RP CL B AMX	AMX	1,232,789	$32.0m9.07%	9.07%	New
8	MERCADOLIBRE INC COM MELI	MELI	8,819	$15.0m4.24%	4.24%	Added +1.4k	+1,352 18.1%
9	ITAU UNIBANCO HLDG S A SPON ADR REP PFD ITUB	ITUB	783,087	$6.4m1.81%	1.81%	Unchanged
10	ARCOS DORADOS HOLDINGS INC SHS CLASS -A - ARCO	ARCO	654,392	$5.3m1.49%	1.49%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
FOMENTO ECONOMICO MEXICANO S FMX	FMX	110,104	$12.2m110.1k shares