Manager
MARCH ASSET MANAGEMENT, S.G.I.I.C., S.A.U.
See the CNMV manager universe →
Fund page
BEST IDEAS, FI
Category
—
Latest period
H2 2025
Positions
49
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.
49
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 15
Exits: 8
Increases: 8
Cuts: 3
+ ACCIONES|ALIBABA GROUP
Enters the portfolio at 1.15% weight.
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses in the People's Republic of China and internationally. It operates through the Alibaba China E-Commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and All Others segments. The Alibaba China E-commerce Group segment operates Taobao and Tmall, which are digital retail platforms; Taobao Instant Commerce, a local services and on-demand delivery platform; 1688.com, a domestic wholesale marketplace; and Xianyu, a consumer-to-consumer community and marketplace for idle goods. Its Alibaba International Digital Commerce Group segment includes AliExpress, a global e-commerce platform; Trendyol, an e-commerce platform in Turkey; Lazada, an e-commerce platform in Southeast Asia; Daraz, an e-commerce platform in South Asia, primarily in Pakistan and Bangladesh; and Alibaba.com, an integrated international online wholesale marketplace. The Cloud Intelligence Group segment offers a suite of cloud services based on infrastructure-as-a-service, platform-as-a-service, and model-as-a-service. Its All Others segment comprises Amap, a provider of mobile digital maps, navigation, and real-time traffic information in China; Cainiao, which provides logistics solutions; Youku, an online long-form video platform in China; Freshippo, a retail platform for groceries and fresh goods; and Alibaba Health, a pharmaceutical and healthcare services platform. Alibaba Group Holding Limited was incorporated in 1999 and is based in Hangzhou, China.
View company page →− BANCO INVERSIS, S.A.
Leaves the portfolio; it was 5.67% of weight.
− ACCIONES|FREEPORT MCMORAN
Leaves the portfolio; it was 1.22% of weight.
− PARTICIPACIONES|XTRACKERS
Leaves the portfolio; it was 1.10% of weight.
− ESTADO ESPAÑOL
Leaves the portfolio; it was 0.97% of weight.
− ESTADO HOLANDA
Leaves the portfolio; it was 0.92% of weight.
− ACCIONES|ELI LILLY
Leaves the portfolio; it was 0.90% of weight.
− ACCIONES|INDITEX
Leaves the portfolio; it was 0.87% of weight.
Fixed income
Declared FI exposure
9.7 M €
% of portfolio
13.1%
Positions
14
Issuers
11
Sovereign: 4.3 M €
Corporate: 4.3 M €
Repos / treasury management: 1.2 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.
3-6 months · 3.5%6-12 months · 4.8%1-2 years · 11.7%2-5 years · 75.2%5-10 years · 4.8%
Maturity
Positions
Exposure
%
Matured or ≤3 months
0
0 €
0.0%
3-6 months
1
299,519 €
3.5%
6-12 months
1
405,968 €
4.8%
1-2 years
1
1.0 M €
11.7%
2-5 years
9
6.4 M €
75.2%
5-10 years
1
409,443 €
4.8%
> 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
3.3 M €
2028-10-31
European Union
Supranational
1
1.2 M €
2028-12-05
Repubblica Italiana
Sovereign
1
1.0 M €
2027-06-01
ABANCA CORP BANCARIA
Corporate
1
421,066 €
2028-09-14
TOYOTA MOTOR
Corporate
1
409,443 €
2031-07-15
ADIF ALTA VELOCIDAD
Corporate
1
406,658 €
2029-05-31
ENGI FP
Corporate
1
405,968 €
2026-12-06
EASYJET PLC
Corporate
1
391,986 €
2028-03-03
ENAGAS FINANCIACIONE
Corporate
1
388,014 €
2028-05-05
RENAULT
Corporate
1
299,519 €
2026-05-25
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
ES0000012M51 Reino de España
3.50%
2029-05-31
1.3 M €
EU000A3K4EN5 European Union
3.13%
2028-12-05
1.2 M €
ES00000124C5 Reino de España
5.15%
2028-10-31
1.1 M €
IT0005240830 Repubblica Italiana
2.20%
2027-06-01
1.0 M €
ES0000012G34 Reino de España
1.25%
2030-10-31
934,570 €
ES0265936031 ABANCA CORP BANCARIA
5.25%
2028-09-14
421,066 €
XS2857918804 TOYOTA MOTOR
3.63%
2031-07-15
409,443 €
ES0200002105 ADIF ALTA VELOCIDAD
3.25%
2029-05-31
406,658 €
FR001400MF78 ENGI FP
3.63%
2026-12-06
405,968 €
XS2306601746 EASYJET PLC
1.88%
2028-03-03
391,986 €
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: 9
Exits at maturity: 0
Exits not explained by maturity: 2
+ ESTADO ITALIANO
Enters the portfolio at 1.35% weight.
+ ESTADO ESPAÑOL
Enters the portfolio at 1.26% weight.
+ ABANCA CORP BANCARIA
Enters the portfolio at 0.57% weight.
+ TOYOTA MOTOR
Enters the portfolio at 0.55% weight.
+ ENGI FP
Enters the portfolio at 0.55% weight.
+ EASYJET PLC
Enters the portfolio at 0.53% weight.
+ ENAGAS FINANCIACIONE
Enters the portfolio at 0.52% weight.
+ RENAULT
Enters the portfolio at 0.40% weight.
+ ACCOR SA
Enters the portfolio at 0.40% weight.
− ESTADO ESPAÑOL
Leaves the portfolio; it was 0.97% of weight.
− ESTADO HOLANDA
Leaves the portfolio; it was 0.92% 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.