Manager
BANKINTER GESTION DE ACTIVOS, S.A., S.G.I.I.C.
See the CNMV manager universe →
Fund page
BANKINTER ETHOS, FI
Category
—
Latest period
H2 2025
Positions
126
Portfolio as of 2025-12-31. Source: periodic filing with the CNMV. View original filing (PDF)
Full portfolio
Every position in the latest periodic filing, largest weight first. Aggregates ("other equities...") are baskets of small positions the filing itself does not break out line by line.
126
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 22
Exits: 26
Increases: 3
Cuts: 3
+ ACCIONES|COMPAG SAINT GOBAIN
Enters the portfolio at 0.28% weight.
Compagnie de Saint-Gobain S.A., together with its subsidiaries, designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide. It operates in five segments: High Performance Solutions; Northern Europe; Southern Europe Middle East (ME) Americas; and Asia-Pacific. The company offers plaster-based products and systems for the construction and renovation markets under the Placo, Rigips, and Gyproc brands; insulation solutions for a range of applications, such as heating and air conditioning systems, insulation of pipes in industrial installations, engine and interior compartments of vehicles, household appliances, and photovoltaic panels under the Isover, CertainTeed, and Izocam brands; and mortars and construction chemicals under the Weber, Chryso, and GCP brands. It also provides ceilings under the Ecophon, CertainTeed, Eurocoustic, Gyptone, and Vinh Tuong brands; glazing solutions for buildings and mobility, including flat glass under the Saint-Gobain Glass, GlassSolutions, Vetrotech, and SageGlass brands; ductile cast iron pipe systems, covers, and gratings under the PAM brand; glass fiber materials and technical textiles; and abrasives, adhesives, sealants, adhesive tapes, foams, and films. In addition, the company offers ceramics and polymers; and exterior products comprising asphalt and composite shingles, solar roofing solutions, roll roofing systems, accessories, polymer shakes and shingles, and insulation cladding solutions under the CertainTeed brands. Further, it distributes heavy building materials; plumbing, heating, ventilation, and sanitaryware products; construction products; office partitions; timber and byproducts; home improvement products and services; bathrooms and kitchens; steel; and site equipment, PPEs, and tools. Compagnie de Saint-Gobain S.A. was founded in 1665 and is headquartered in Courbevoie, France.
View company page →− UNICREDIT SPA
Leaves the portfolio; it was 2.21% of weight.
− CAIXABANK
Leaves the portfolio; it was 2.14% of weight.
− ENI, S.P.A.
Leaves the portfolio; it was 1.00% of weight.
− CAIXABANK
Leaves the portfolio; it was 0.93% of weight.
− UBS GROUP AG
Leaves the portfolio; it was 0.77% of weight.
− BANCO SANTANDER
Leaves the portfolio; it was 0.67% of weight.
− ELECTRICIDAD PORTUGA
Leaves the portfolio; it was 0.64% of weight.
− ENEL SPA
Leaves the portfolio; it was 0.45% of weight.
− ACCIONES|CATERPILLAR INC
Leaves the portfolio; it was 0.43% of weight.
− ACCIONES|NEWMONT GOLDCORP COR
Leaves the portfolio; it was 0.36% of weight.
Newmont Corporation operates as a gold producer. It also explores for copper, silver, lead, zinc, and other metals. It has operations and/or assets in the United States, Papua New Guinea, Australia, Ghana, Suriname, Argentina, Dominican Republic, Chile, Peru, Ecuador, Mexico, and Canada. The company was founded in 1916 and is headquartered in Denver, Colorado.
View company page →− E.ON AG
Leaves the portfolio; it was 0.34% of weight.
− ACCIONES|BANCO NACIONAL
Leaves the portfolio; it was 0.33% of weight.
− ACCIONES|DEERE & CO
Leaves the portfolio; it was 0.31% of weight.
− ACCIONES|CARRIER GLOBAL CORP
Leaves the portfolio; it was 0.29% of weight.
− ACCIONES|SMURFIT WESTROCK PLC
Leaves the portfolio; it was 0.28% of weight.
Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in North America, South America, Europe, Asia, Africa, Australia, and internationally. The company produces containerboard and paperboard; packaging of corrugated containers; consumer packaging; and offers solid board, kraft paper, and graphic board, as well as other packaging products, such as solidboard packaging, paper sacks and bag-in-box. It produces linerboard and corrugated medium and paperboard; and other paper-based packaging, such as folding cartons, inserts, labels and displays. The company primarily serves food and beverage, healthcare, beauty and personal care, garden, consumer goods, industrial, and foodservice markets. It markets its products through its own sales force, independent sales representatives, and independent distributors. Smurfit Westrock Plc was founded in 1934 and is headquartered in Dublin, Ireland.
View company page →− ACCIONES|PEPSICO INC
Leaves the portfolio; it was 0.26% of weight.
− ACCIONES|LOWE S.COMPANIE
Leaves the portfolio; it was 0.25% of weight.
− ACCIONES|MICHELIN
Leaves the portfolio; it was 0.24% of weight.
− ACCIONES|AMERICAN WATER
Leaves the portfolio; it was 0.23% of weight.
− ACCIONES|OMNICOM GROUP
Leaves the portfolio; it was 0.20% of weight.
− ACCIONES|ELECTRONICA ARTS
Leaves the portfolio; it was 0.18% of weight.
− ACCIONES|FORTIVE CORP
Leaves the portfolio; it was 0.17% of weight.
− ACCIONES|COLGATE PALMOLIVE CO
Leaves the portfolio; it was 0.16% of weight.
− ACCIONES|GENERAL MILLS
Leaves the portfolio; it was 0.16% of weight.
− ACCIONES|RALLIANT CORP
Leaves the portfolio; it was 0.05% of weight.
− CEE
Leaves the portfolio; it was 0.05% of weight.
▼ ACCIONES|MICROSOFT CORP
Goes from 2.42% to 2.12%.
Microsoft Corporation, a technology company, develops and supports a portfolio of technology solutions for individuals and businesses worldwide. It operates through three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Microsoft 365 Commercial, Enterprise Mobility + Security, Power BI, Exchange, SharePoint, Microsoft Teams, Microsoft 365 Security and Compliance, Microsoft 365 Copilot, and Windows Commercial on-premises and Office licensed on-premises. This segment also provides Microsoft 365 Consumer products and cloud services; LinkedIn, including talent solutions, marketing solutions, subscriptions, and sales solutions; Dynamics 365, a set of cloud-based applications; and on-premises ERP and CRM applications. The Intelligent Cloud segment offers server products and cloud services; cloud and AI consumption-based services, GitHub cloud services, health and life sciences cloud services, as well as virtual desktop offerings, and other cloud services; SQL Server, Windows Server, Visual Studio, System Center, and related client access licenses; and enterprise support services, industry solutions, Microsoft partner network, and learning experience. The More Personal Computing segment provides Windows OEM licensing and devices comprising Surface and PC accessories; XBOX hardware, and XBOX first- and third-party content and services; XBOX Game Pass and other subscriptions; XBOX Cloud Gaming, advertising, and other cloud services; and search advertising consisting of Bing, Copilot, Microsoft News, Microsoft Edge, and third-party affiliates. It sells its products through partners and retail networks. The company was founded in 1975 and is headquartered in Redmond, Washington.
View company page →Fixed income
Declared FI exposure
20.9 M €
% of portfolio
67.3%
Positions
61
Issuers
46
Sovereign: 1.5 M €
Corporate: 19.3 M €
Repos / treasury management: 154,147 €
Maturity ladder
Observed contractual maturity of each position, repos excluded. Matured/≤3 months includes bonds maturing in the first days after the period close.
3-6 months · 5.6%6-12 months · 1.6%1-2 years · 16.2%2-5 years · 69.8%5-10 years · 6.7%
Maturity
Positions
Exposure
%
Matured or ≤3 months
0
0 €
0.0%
3-6 months
3
1.2 M €
5.6%
6-12 months
1
341,351 €
1.6%
1-2 years
9
3.4 M €
16.2%
2-5 years
40
14.5 M €
69.8%
5-10 years
7
1.4 M €
6.7%
> 10 years
0
0 €
0.0%
Unknown
0
0 €
0.0%
Top issuers
The 10 issuers with the largest declared exposure in this fund, repos excluded.
Issuer
Type
ISINs
Exposure
Next maturity
European Financial Stability Facility
Supranational
4
1.8 M €
2028-02-14
CAIXABANK SA
Bank
4
1.2 M €
2027-05-16
CEE
Corporate
3
1.1 M €
2026-07-06
Repubblica Italiana
Sovereign
1
921,949 €
2027-01-15
ENEL SPA
Corporate
2
817,037 €
2026-05-28
UNICREDITO ITALIANO
Corporate
1
745,713 €
2029-01-16
ONTARIO TEACHERS
Corporate
1
743,966 €
2030-11-25
BNP PARIBAS SA
Corporate
1
624,259 €
2028-09-01
AT&T
Corporate
1
591,616 €
2029-12-17
Reino de España
Sovereign
1
580,747 €
2030-07-30
Top instruments
The 10 instruments with the largest declared exposure. No yield, IRR or rating: there's no reliable data to compute them.
ISIN
Coupon
Maturity
Exposure
IT0005390874 Repubblica Italiana
0.85%
2027-01-15
921,949 €
XS2630417124 CAIXABANK SA
6.13%
2028-11-30
764,058 €
IT0005580102 UNICREDITO ITALIANO
5.38%
2029-01-16
745,713 €
XS2259210677 ONTARIO TEACHERS
0.05%
2030-11-25
743,966 €
EU000A2SCAH1 European Financial Stability Facility
3.00%
2028-12-15
660,798 €
FR0013532280 BNP PARIBAS SA
0.50%
2028-09-01
624,259 €
XS1144088165 AT&T
2.60%
2029-12-17
591,616 €
ES00000127A2 Reino de España
1.95%
2030-07-30
580,747 €
XS2459544339 ELECTRICIDAD PORTUGA
1.88%
2029-09-21
571,377 €
XS2465609191 CED BANK OF MONTREAL
1.00%
2026-04-05
565,323 €
This period's fixed-income moves
Compares the current fixed-income portfolio with the previous period, by ISIN. An exit that coincides with maturity isn't a sale: the bond reached its contractual date.
New positions: 8
Exits at maturity: 4
Exits not explained by maturity: 6
+ CAIXABANK
Enters the portfolio at 2.46% weight.
+ UNICREDITO ITALIANO
Enters the portfolio at 2.40% weight.
+ BANK OF MONTREAL
Enters the portfolio at 0.99% weight.
+ KFW
Enters the portfolio at 0.96% weight.
+ MITSUBISHI TOKY
Enters the portfolio at 0.96% weight.
+ NOMURA BANK PLC
Enters the portfolio at 0.65% weight.
+ ING GROEP
Enters the portfolio at 0.64% weight.
+ BKT
Enters the portfolio at 0.63% weight.
− UNICREDIT SPA
Leaves the portfolio; it was 2.21% of weight.
− CAIXABANK
Leaves the portfolio; it was 2.14% of weight.
− ENI, S.P.A.
Leaves the portfolio; it was 1.00% of weight.
− CAIXABANK
Leaves the portfolio; it was 0.93% of weight.
− UBS GROUP AG
Leaves the portfolio; it was 0.77% of weight.
− BANCO SANTANDER
Leaves the portfolio; it was 0.67% of weight.
◦ ELECTRICIDAD PORTUGA
Leaves the portfolio; it was 0.64% of weight.
◦ ENEL SPA
Leaves the portfolio; it was 0.45% of weight.
◦ E.ON AG
Leaves the portfolio; it was 0.34% of weight.
◦ CEE
Leaves the portfolio; it was 0.05% of weight.
Disclaimer
This is not financial advice. The portfolio comes from the periodic report the fund files with the CNMV and lags the real close of the period: it is a snapshot of the end of each half-year, not a real-time portfolio.