Inca Investments, LLC is an SEC-registered investment adviser based in Miami, FL that reports managing 1 hedge fund on Form ADV. It reports $569.6 million in regulatory assets under management. Its private funds, of all types, hold $215.7 million in gross assets. Its disclosed U.S. stock holdings returned an estimated +12.1% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +54.3% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $569.6 millionForm ADV Item 5.F
- Gross assets of private funds
- $215.7 millionAll private fund types, Form ADV
- Hedge funds managed
- 11 private funds in total
- Employees
- 9Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 131194
- Latest Form ADV
- 04/14/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +10.6% | +14.8% |
| Q1 2026 | +1.4% | -4.6% |
| Q4 2025 | +15.7% | +2.4% |
| Q3 2025 | -9.7% | +7.8% |
| Q2 2025 | +12.9% | +10.4% |
| Q1 2025 | +2.3% | -4.5% |
| Q4 2024 | +1.9% | +2.1% |
| Q3 2024 | +12.0% | +5.4% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- Banco Santander Chile New$64.0 million
- Credicorp LTD$61.2 million
- Grupo Financiero Galicia S.A$53.3 million
- Latam Airlines Group SA$47.0 million
- Copa Holdings SA F Class A$36.9 million
- Nu Holdings LTD$32.3 million
- America Movil ADR$32.0 million
- Mercadolibre Inc$15.0 million
- Itau Unibanco Hldg S A$6.4 million
- Arcos Dorados Hldgs.$5.3 million
As of 2026-06-30, from 13F filing by INCA Investments LLC.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures