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LarrainVial Asset Management Administradora General de Fondos SA
José Manuel Silva · Asset Manager · Multi-Strategy
LarrainVial Asset Management Administradora General de Fondos SA is a leading independent asset management firm based in Chile and a core subsidiary of the LarrainVial group, which has a history dating back to 1934. Formally established as a separate fund management entity in 1998, the firm specializes in providing comprehensive investment solutions across Latin American markets, particularly in the Andean region. It manages a wide array of mutual and private investment funds, serving over 135,000 retail, corporate, and institutional clients. The institution is recognized for its deep regional expertise and its position as the largest non-banking asset manager in Chile, offering specialized strategies in equities, fixed income, and alternative assets.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +25.8% |
| YTD return | +12.8% |
| Sharpe ratio | 4.00 |
| Win rate | 64% |
| AUM | $1.6B |
| Inception | Oct 1, 2025 |
| Updated | Sep 11, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.6B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.lvassetmanagement.com |
Current Holdings
Updated on Sep 11, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| BCH | Banco De Chile | 12.9% | +33.5% |
| LTM | LATAM Airlines Group S.A. | 9.3% | +7.1% |
| NU | Nu Holdings Ltd | 7.7% | -2.7% |
| AUGO | Aura Minerals Inc. Common Shares | 7.3% | +54.1% |
| BAP | Credicorp Ltd | 7.0% | +40.2% |
| BSAC | Banco Santander Chile | 6.2% | +19.7% |
| PBR-A | Petróleo Brasileiro S.A. - Petrobras | 5.9% | +60.0% |
| EMBJ | Embraer S.A. | 5.1% | +22.5% |
| SBS | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR | 4.5% | +8.3% |
| FMX | Fomento Economico Mexicano | 4.2% | +24.6% |
| VALE | Vale SA ADR | 4.2% | +2.8% |
| MLTTY | MULTIPLAN EMPREENDIMENTOS IMOB | 3.6% | +0.0% |
| AKO-A | Embotelladora Andina S.A | 3.5% | +13.6% |
| EQUEY | Equatorial Energia SA ADR | 3.3% | +0.0% |
| BOLSY | B3 S.A. - Brasil Bolsa Balcão | 3.2% | 0.0% |
| BBD | Banco Bradesco SA ADR | 2.7% | +0.2% |
| MELI | MercadoLibre Inc. | 2.5% | -10.4% |
| LZRFY | Localiza Rent A Car SA | 2.4% | 0.0% |
| IFS | Intercorp Financial Services Inc | 2.4% | +16.5% |
| INTR | Inter & Co. Inc. Class A Common Shares | 2.1% | +10.6% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 17, 2026 | BUY | EMBJ | 4.4% → 5.1% |
| Aug 17, 2026 | BUY | INTR | 0.0% → 2.1% |
| Aug 17, 2026 | BUY | BBD | 3.0% → 2.7% |
| Aug 17, 2026 | BUY | BAP | 7.1% → 7.0% |
| Aug 17, 2026 | BUY | AKO-A | 3.3% → 3.5% |
Investment Style Analysis
LarrainVial Asset Management Administradora General de Fondos SA is widely recognized for employing a Multi-Strategy strategy. As of Sep 11, 2026, the firm oversees approximately $1.6B in assets under management (AUM). The portfolio demonstrates a clear preference for the Banks - Regional and Airlines sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 17, LarrainVial Asset Management Administradora General de Fondos SA made a significant move by increasing exposure to EMBJ. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The investment philosophy of LarrainVial Asset Management is centered on an active management strategy designed to identify market opportunities and mitigate risks through fundamental research. Leveraging its significant local presence and specialized knowledge of the Andean markets, the firm combines top-down macroeconomic insights with bottom-up security analysis. Their approach emphasizes delivering superior risk-adjusted returns by capitalizing on market inefficiencies in the Latin American region. As a signatory of the Principles for Responsible Investment (PRI), the institution also integrates environmental, social, and governance considerations into its disciplined investment process to ensure long-term sustainability.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with LarrainVial Asset Management Administradora General de Fondos SA.
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Frequently asked questions
How is the simulated portfolio for LarrainVial Asset Management Administradora General de Fondos SA constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is LarrainVial Asset Management Administradora General de Fondos SA's largest holding?
As of the latest filing, LarrainVial Asset Management Administradora General de Fondos SA's top position is Banco De Chile (BCH), representing 12.9% of the portfolio. This reflects a high-conviction bet by the institution.
What is LarrainVial Asset Management Administradora General de Fondos SA's historical performance and risk profile?
Our simulation indicates a total return of +25.8% with a win rate of 64%. Notably, the portfolio maintains a Sharpe Ratio of 4.00, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does LarrainVial Asset Management Administradora General de Fondos SA primarily invest in?
LarrainVial Asset Management Administradora General de Fondos SA has a strong preference for the Banks - Regional sector, which makes up 41.0% of their disclosed assets. The portfolio also has exposure to Airlines, indicating a specific thematic focus.
Is LarrainVial Asset Management Administradora General de Fondos SA's portfolio concentrated or diversified?
LarrainVial Asset Management Administradora General de Fondos SA runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 29.9% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has LarrainVial Asset Management Administradora General de Fondos SA performed in 2026?
Our AI-simulated model portfolio for LarrainVial Asset Management Administradora General de Fondos SA tracks a Year-to-Date (YTD) return of +12.8%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does José Manuel Silva manage LarrainVial Asset Management Administradora General de Fondos SA directly?
Yes, José Manuel Silva serves as the key portfolio manager for LarrainVial Asset Management Administradora General de Fondos SA, overseeing the investment strategy and final capital allocation decisions.