Fund page
BBVA USA DESARROLLO CUBIERTO, FI
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.
This period's moves
H2 2025 vs H1 2025 (estimated)
− ACCIONES|META PLATFORMS INC
Leaves the portfolio; it was 3.29% of weight.
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses in the United States, Canada, Europe, Asia-Pacific, and internationally. It operates through two segments, Family of Apps (FoA) and Reality Labs (RL). The FoA segment offers Facebook, which enables people to build community through feed, reels, stories, groups, marketplace, and other; Instagram that brings people closer through Instagram feed, stories, reels, live, and messaging; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; Meta AI, an assistant that's available across apps, as a stand-alone app, on AI glasses, and on the web; Threads, an application for text-based updates and public conversations; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact. The RL segment provides virtual and augmented reality products, including consumer hardware, software, and content that help people feel connected, as well as Meta Quest devices that enable social experiences across gaming, fitness, entertainment, and more. The segment also includes wearables such as AI glasses like Ray Ban Meta and Oakley Meta glasses; and the Meta Ray Ban Display, which combines AI glasses with an integrated lens display and the Meta Neural Band, a wrist worn device using electromyography that lets people control their AI glasses through neuromuscular signals. Meta Platforms, Inc. has a collaboration with Microsoft Corporation, NVIDIA Corporation, Advanced Micro Devices, Inc., Broadcom Inc., and OpenAI, L.L.C. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. The company was incorporated in 2004 and is headquartered in Menlo Park, California.
View company page →− KINGDOM OF SPAIN
Leaves the portfolio; it was 2.43% of weight.
− ACCIONES|SALESFORCE INC
Leaves the portfolio; it was 1.19% of weight.
− ACCIONES|JOHNSON & JOHNSON
Leaves the portfolio; it was 1.17% of weight.
− ACCIONES|SERVICENOW INC
Leaves the portfolio; it was 1.04% of weight.
− ACCIONES|CHUBB LTD
Leaves the portfolio; it was 0.93% of weight.
− ACCIONES|PROGRESSIVE CORP/THE
Leaves the portfolio; it was 0.89% of weight.
− ACCIONES|LOWE´S COS INC
Leaves the portfolio; it was 0.81% of weight.
− ACCIONES|3M CO
Leaves the portfolio; it was 0.75% of weight.
− ACCIONES|WW GRAINGER INC
Leaves the portfolio; it was 0.69% of weight.
− ACCIONES|CINTAS CORP
Leaves the portfolio; it was 0.65% of weight.
− ACCIONES|WESTINGHOUSE AIR BRA
Leaves the portfolio; it was 0.62% of weight.
− SOCIMI|SIMON PROPERTY GROUP
Leaves the portfolio; it was 0.53% of weight.
− ACCIONES|GENERAL MOTORS CO
Leaves the portfolio; it was 0.51% of weight.
− ACCIONES|PAYCHEX INC
Leaves the portfolio; it was 0.50% of weight.
− ACCIONES|SCHLUMBERGER NV
Leaves the portfolio; it was 0.48% of weight.
SLB N.V. engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; stimulation services to restore or enhance well productivity through hydraulic fracturing, matrix stimulation, and water treatment; and intervention services to oil and gas operators. In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services. Further, it provides artificial lift; supplies packers, safety valves, sand control technology, and various intelligent systems; midstream production systems; valves, chokes, actuators, and surface trees; and OneSubsea, an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. SLB N.V. was formerly known as Schlumberger Limited and change its name to SLB N.V. in October 2025. The company was founded in 1926 and is based in Houston, Texas.
View company page →− ACCIONES|GARTNER INC
Leaves the portfolio; it was 0.46% of weight.
− ACCIONES|CBOE GLOBAL MARKETS
Leaves the portfolio; it was 0.44% of weight.
− ACCIONES|HEWLETT PACKARD ENTE
Leaves the portfolio; it was 0.42% of weight.
− ACCIONES|LENNAR CORP
Leaves the portfolio; it was 0.40% of weight.
− ACCIONES|CORPAY INC
Leaves the portfolio; it was 0.36% of weight.
− ACCIONES|KELLANOVA
Leaves the portfolio; it was 0.33% of weight.
− ACCIONES|JUNIPER NETWORKS INC
Leaves the portfolio; it was 0.28% of weight.
− ACCIONES|PAYCOM SOFTWARE INC
Leaves the portfolio; it was 0.23% of weight.
− ACCIONES|AMCOR PLC
Leaves the portfolio; it was 0.22% of weight.
− ACCIONES|INTERPUBLIC GROUP OF
Leaves the portfolio; it was 0.22% of weight.
− ACCIONES|WALGREENS BOOTS ALLI
Leaves the portfolio; it was 0.22% of weight.
− ACCIONES|LKQ CORP
Leaves the portfolio; it was 0.21% of weight.
− ACCIONES|GENERAC HOLDINGS INC
Leaves the portfolio; it was 0.21% of weight.
− ACCIONES|PARAMOUNT GLOBAL
Leaves the portfolio; it was 0.21% of weight.
− ACCIONES|EASTMAN CHEMICAL CO
Leaves the portfolio; it was 0.17% of weight.
− ACCIONES|MOHAWK INDUSTRIES IN
Leaves the portfolio; it was 0.16% of weight.
▲ ACCIONES|NEWMONT CORP
Goes from 0.60% to 0.99%.
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 →▲ ACCIONES|EXPEDIA GROUP INC
Goes from 0.42% to 0.67%.
Expedia Group, Inc. operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. The B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; and Orbitz, Travelocity, ebookers, and Wotif Group. The B2B segment provides various travel and non-travel companies including airlines, offline travel agents, online retailers, corporate travel management, and financial institutions who leverage its travel technology and tap into its diverse supply to augment their offerings and market Expedia Group rates and availabilities to its travelers. The trivago segment sends referrals to online travel companies and travel service providers from hotel metasearch websites. In addition, it provides brand advertising through online and offline channels, loyalty programs, mobile apps, and search engine marketing, as well as metasearch, social media, direct and personalized traveler communications on its websites, and through direct e-mail communication with its travelers. The company was formerly known as Expedia, Inc. and changed its name to Expedia Group, Inc. in March 2018. Expedia Group, Inc. was founded in 1996 and is headquartered in Seattle, Washington.
View company page →Fixed income
Maturity ladder
Observed contractual maturity of each position, repos excluded. Matured/≤3 months includes bonds maturing in the first days after the period close.
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.