Manager
BBVA ASSET MANAGEMENT, S.A., SGIIC
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Fund page
BBVA PATRIMONIO GLOBAL CONSERVADOR, FI
Category
—
Latest period
H2 2025
Positions
25
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.
25
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 2
Exits: 2
Increases: 3
Cuts: 6
− KINGDOM OF SPAIN
Leaves the portfolio; it was 3.08% of weight.
− CITIGROUP INC
Leaves the portfolio; it was 0.61% of weight.
Citigroup Inc., a diversified financial service holding company, provides various financial products and services to consumers, corporations, governments, and institutions. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes treasury and trade solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and securities services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions. The Markets segment offers sales and trading services for equities, foreign exchange, rates, spread products, and commodities to corporate, institutional, and public sector clients; and market-making services, including asset classes, risk management solutions, financing, and prime brokerage. The Banking segment includes investment banking services comprising equity and debt capital markets-related strategic financing solutions; advisory services related to mergers and acquisitions, divestitures, restructurings, and corporate defense activities; and corporate lending consists of corporate and commercial banking. The U.S. Personal Banking segment provides proprietary and co-branded card portfolios; and traditional banking services to retail and small business customers. The Wealth segment offers financial services to high-net-worth clients through banking, lending, mortgages, investment, custody, and trust product offerings; professional industries, including law firms, consulting groups, accounting, and asset management; and affluent and high net worth clients. The company operates in North America, the United Kingdom, Japan, North and South Asia, Australia, Europe, the Middle East, and Africa. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.
Fixed income
Declared FI exposure
59.6 M €
% of portfolio
38.6%
Positions
24
Issuers
17
Sovereign: 38.2 M €
Corporate: 13.6 M €
Repos / treasury management: 7.8 M €
Maturity ladder
Observed contractual maturity of each position, repos excluded. Matured/≤3 months includes bonds maturing in the first days after the period close.
Matured or ≤3 months · 19.5%3-6 months · 8.1%1-2 years · 10.0%2-5 years · 31.4%5-10 years · 31.0%
Maturity
Positions
Exposure
%
Matured or ≤3 months
2
10.1 M €
19.5%
3-6 months
1
4.2 M €
8.1%
6-12 months
0
0 €
0.0%
1-2 years
2
5.2 M €
10.0%
2-5 years
11
16.3 M €
31.4%
5-10 years
7
16.0 M €
31.0%
> 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
Reino de España
Sovereign
3
13.3 M €
2026-03-06
République Française
Sovereign
3
12.9 M €
2026-02-25
Repubblica Italiana
Sovereign
1
4.2 M €
2027-02-25
UNITED STATES OF AME
Sovereign
3
4.0 M €
2028-09-30
FEDERAL REPUBLIC OF
Sovereign
1
3.8 M €
2033-02-15
BNP PARIBAS SA
Corporate
1
1.9 M €
2032-11-13
VOLKSWAGEN INTERNATI
Corporate
1
1.4 M €
2033-03-22
BAYER
Corporate
1
1.3 M €
2031-07-12
MORGAN STANLEY
Corporate
1
1.2 M €
2034-01-25
CONTINENTAL AG
Corporate
1
1.2 M €
2028-06-01
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
ES0000012C12 Reino de España
0.70%
2033-11-30
5.2 M €
ES0L02603063 Reino de España
2.01%
2026-03-06
5.1 M €
FR0013508470 République Française
2.36%
2026-02-25
5.0 M €
IT0005633794 Repubblica Italiana
2.55%
2027-02-25
4.2 M €
FR0010916924 République Française
3.50%
2026-04-25
4.2 M €
DE000BU2Z007 FEDERAL REPUBLIC OF
2.30%
2033-02-15
3.8 M €
FR001400AIN5 République Française
0.75%
2028-02-25
3.7 M €
ES0000012G34 Reino de España
1.25%
2030-10-31
3.0 M €
FR001400LZI6 BNP PARIBAS SA
4.75%
2032-11-13
1.9 M €
US91282CHF14 UNITED STATES OF AME
3.75%
2030-05-31
1.6 M €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
EUR
53.0 M €
88.9%
USD
6.6 M €
11.1%
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: 1
Exits at maturity: 0
Exits not explained by maturity: 1
+ PFIZER NETHERLANDS I
Enters the portfolio at 0.56% weight.
− CITIGROUP INC
Leaves the portfolio; it was 0.61% 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.