INCA Investments LLC Long-Term Concentrated

CIK: 0001513137 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 4, 2026

Total Value ($000): $285,896 (100.0% shares, 0.0% debt)

Holdings (9)

New Positions (1)

LTM LATAM AIRLINES GROUP SA 15.2%

Value ($000) $43,590 Shares 807,079 Est. Cost $54.01 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LTM	LATAM AIRLINES GROUP SA	807,079	$43,590	15.2%	$54.01	—	SPONSORED ADR	51817R205

Increased Positions (4)

BSAC BANCO SANTANDER CHILE NEW 11.6%

Value ($000) $33,110 (+74.7%) Shares 1,064,274 (+48.8%) Est. Cost $20.96 Unrealized —

BAP CREDICORP LTD 22.9%

Value ($000) $65,503 (+13.9%) Shares 228,233 (+5.6%) Est. Cost $145.85 Unrealized +81.5%

FMX FOMENTO ECONOMICO MEXICANO S 14.0%

Value ($000) $39,949 (+9.6%) Shares 395,261 (+6.9%) Est. Cost $89.42 Unrealized —

NU NU HLDGS LTD 9.0%

Value ($000) $25,688 (+7.6%) Shares 1,534,540 (+2.9%) Est. Cost $12.19 Unrealized +31.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BSAC	BANCO SANTANDER CHILE NEW	1,064,274 (+48.8%)	$33,110 (+74.7%)	11.6%	$20.96	—	SP ADR REP COM	05965X109
BAP	CREDICORP LTD	228,233 (+5.6%)	$65,503 (+13.9%)	22.9%	$145.85	+81.5%	COM	G2519Y108
FMX	FOMENTO ECONOMICO MEXICANO S	395,261 (+6.9%)	$39,949 (+9.6%)	14.0%	$89.42	—	SPON ADR UNITS	344419106
NU	NU HLDGS LTD	1,534,540 (+2.9%)	$25,688 (+7.6%)	9.0%	$12.19	+31.8%	ORD SHS CL A	G6683N103

Exited Positions (1)

Value ($000) $17,414 Shares 926,752 Est. Cost $20.10 Unrealized -12.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XP	XP INC	926,752	$17,414	6.1%	$20.10	-12.4%	—	G98239109

Decreased Positions (4)

GGAL GRUPO FINANCIERO GALICIA S A 17.7%

Value ($000) $50,707 (+70.3%) Shares 940,056 (-13.0%) Est. Cost $6.24 Unrealized —

MELI MERCADOLIBRE INC 5.3%

Value ($000) $15,040 (-16.6%) Shares 7,467 (-3.3%) Est. Cost $1335.38 Unrealized +57.3%

ARCO ARCOS DORADOS HOLDINGS INC 2.0%

Value ($000) $5,784 (-29.5%) Shares 788,001 (-35.2%) Est. Cost $8.50 Unrealized -16.0%

ITUB ITAU UNIBANCO HLDG SA 2.3%

Value ($000) $6,525 (-7.6%) Shares 911,377 (-5.3%) Est. Cost $3.42 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GGAL	GRUPO FINANCIERO GALICIA S A	940,056 (-13.0%)	$50,707 (+70.3%)	17.7%	$6.24	—	SPONSORED ADR	399909100
MELI	MERCADOLIBRE INC	7,467 (-3.3%)	$15,040 (-16.6%)	5.3%	$1335.38	+57.3%	COM	58733R102
ARCO	ARCOS DORADOS HOLDINGS INC	788,001 (-35.2%)	$5,784 (-29.5%)	2.0%	$8.50	-16.0%	SHS CLASS -A -	G0457F107
ITUB	ITAU UNIBANCO HLDG SA	911,377 (-5.3%)	$6,525 (-7.6%)	2.3%	$3.42	—	SPON ADR REP PFD	465562106