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CBNK SELECCIÓN, FI

Category
Latest period
H2 2025
Positions
31

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.

31
Company Type Country Weight Price
CBNK BANCO DE COLECTIVOS S.A. ES0L02602065 · EUR Adquisicion Temporal Activos ES 8.37%
DEUDA ESTADO FRANCES FR0014003513 · EUR Deuda Publica Cotizada Mas 1 Anio FR 5.12%
FONDO EUROPEO DE ESTABI EU000A1G0DR4 · EUR Deuda Publica Cotizada Mas 1 Anio EU 4.97%
ACCIONES|ALMIRALL SA ES0157097017 · EUR Renta Variable Cotizada ES 4.97% 10.46 EUR
ACCIONES|NOVARTIS AG CH0012005267 · CHF Renta Variable Cotizada CH 4.56%
ACCIONES|INTUITIVE SURGICAL INC US46120E6023 · USD Renta Variable Cotizada US 4.39%
ACCIONES|ROCHE HOLDING AG CH0012032048 · CHF Renta Variable Cotizada CH 4.24%
ACCIONES|ASTRAZENECA PLC GB0009895292 · GBP Renta Variable Cotizada GB 4.22%
ACCIONES|ELI LILLY & CO US5324571083 · USD Renta Variable Cotizada US 4.09%
ACCIONES|MEDTRONIC PLC IE00BTN1Y115 · USD Renta Variable Cotizada IE 3.43%
CBNK BANCO DE COLECTIVOS — · EUR Depositos 2.89%
CBNK BANCO DE COLECTIVOS — · EUR Depositos 2.78%
ACCIONES|GSK PLC GB00BN7SWP63 · GBP Renta Variable Cotizada GB 2.72% 1918.50 GBp
ACCIONES|GILEAD SCIENCES INC US3755581036 · USD Renta Variable Cotizada US 2.48%
ACCIONES|BRISTOL-MYERS SQUIBB CO US1101221083 · USD Renta Variable Cotizada US 2.44%
ACCIONES|NOVO NORDISK A/S-B DK0062498333 · DKK Renta Variable Cotizada DK 2.36%
ACCIONES|LOGISTA INTEGRAL SA ES0105027009 · EUR Renta Variable Cotizada ES 2.32%
ACCIONES|DANONE SA FR0000120644 · EUR Renta Variable Cotizada FR 2.32%
ACCIONES|SANOFI SA FR0000120578 · EUR Renta Variable Cotizada FR 2.27%
ACCIONES|MERCK KGAA DE0006599905 · EUR Renta Variable Cotizada DE 2.16%
ACCIONES|AIR LIQUIDE SA FR0000120073 · EUR Renta Variable Cotizada FR 1.94%
ACCIONES|PFIZER INC US7170811035 · USD Renta Variable Cotizada US 1.84%
ACCIONES|DSM-FIRMENICH AG CH1216478797 · EUR Renta Variable Cotizada CH 1.56%
CBNK BANCO DE COLECTIVOS — · EUR Depositos 1.50%
CBNK BANCO DE COLECTIVOS — · EUR Depositos 1.48%
MERCK & CO INC XS1028941117 · EUR Renta Fija Cotizada Menos 1 Anio XS 1.46%
NOVARTIS FINANCE SA XS1134729794 · EUR Renta Fija Cotizada Menos 1 Anio XS 1.45%
GLAXOSMITHKLINE CAPITAL XS1822828122 · EUR Renta Fija Cotizada Menos 1 Anio XS 1.43%
ACCIONES|SMITH & NEPHEW PLC GB0009223206 · GBP Renta Variable Cotizada GB 1.25%
CBNK BANCO DE COLECTIVOS — · EUR Depositos 0.74%
CBNK BANCO DE COLECTIVOS — · EUR Depositos 0.72%

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 1 Exits: 6 Increases: 12 Cuts: 2
+ CBNK BANCO DE COLECTIVOS S.A.

Enters the portfolio at 8.37% weight.

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− THE CIGNA GROUP

Leaves the portfolio; it was 5.35% of weight.

− ACCIONES|WOLTERS KLUWER NV

Leaves the portfolio; it was 2.13% of weight.

− LINDE INC/CT

Leaves the portfolio; it was 1.44% of weight.

− MEDTRONIC GLOBAL HLDINGS

Leaves the portfolio; it was 1.36% of weight.

− BANCO INVERSIS, S.A

Leaves the portfolio; it was 0.71% of weight.

− ENCOMPASS HEALTH CORP

Leaves the portfolio; it was 0.23% of weight.

▲ ACCIONES|ASTRAZENECA PLC

Goes from 3.12% to 4.22%.

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▲ ACCIONES|ROCHE HOLDING AG

Goes from 3.29% to 4.24%.

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▲ ACCIONES|ALMIRALL SA

Goes from 4.07% to 4.97%.

Almirall, S.A. operates as a skin health-focused biopharmaceutical company in Spain, Europe, the Middle East, the United States, Asia, and Africa. The company offers its products for skin diseases comprising Psoriasis, atopic dermatitis, acne, actinic keratosis, onychomycosis, androgenic alopecia, oncodermatology, and orphan indications, as well as for alimentary tract and metabolism, anti-infective for systemic use, cardiovascular system, dermatological, genito urinary system and sex hormones, immunostimulants, metabolism, musculo-skeletal system, nervous system, respiratory system, systemic hormonal preparations. It also develops tirbanibulin for actinic keratosis, and tildrakizumab for psoriatic arthritis under the registration phase, as well as lebrikizumab for atopic dermatitis pediatric in phase 2; Anti-IL-1RAP mAb for hidradenitis suppurativa, anti-IL-1RAP mAb for inflammatory skin disease, Anti-IL-21 mAb for hidradenitis suppurativa, IL-2muFc for alopecia areata, IL-2muFc for atopic dermatitis, and IL-2muFc for inflammatory skin disease in phase 2; readthrough inducer for rare dermatology in phase 1; and anti-IL-13/OX40L BsAb for atopic dermatitis, SMOL oral for Th2-driven diseases, and mRNA/LNP for non-melanoma skin cancer in preclinical stage. It has research and development agreements with Evotec, Ichnos, Simcere, Etherna, Novo Nordisk, and Eloxx. The company was formerly known as Laboratorios Almirall, S.A. and changed its name to Almirall, S.A. in May 2009. Almirall, S.A. was founded in 1943 and is headquartered in Barcelona, Spain.

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▲ ACCIONES|GSK PLC

Goes from 2.08% to 2.72%.

GSK plc, together with its subsidiaries, engages in the research, development, and manufacture of vaccines, specialty medicines, and general medicines to prevent and treat disease in the United Kingdom, the United States, and internationally. It operates through Commercial Operations and Total R&D segments. The company offers specialty medicines that include oncology, respiratory/immunology, inflammation, and inhaled medicines for HIV, respiratory eosinophildriven diseases, lupus and lupus nephritis, ovarian cancer, and endometrial cancer. It also provides vaccines for Shingles, Meningitis, RSV, Seasonal Influenza, Hepatitis, Diphtheria, Tetanus, Acellular Pertussis, Rotavirus, Pertussis, Polio, Haemophilus, Invasive Diseases, Pneumonia, Acute Otitis Media, Measles, Mumps, Rubella and Chickenpox, and Human Papilloma Virus. Additionally, the company offers general medicines for asthma, COPD, bacterial infection, benign prostatic hyperplasia, allergic rhinitis, and inflammatory skin conditions. It also focuses on the discovery, development, and commercialization of oral small molecule therapies for patients with unmet needs in oncology and inflammatory diseases. It has a collaboration agreement with CureVac to develop mRNA vaccines for infectious diseases; and strategic research collaboration with Engitix Ltd. to identify and validate novel therapeutic targets driving liver fibrosis regression. The company has a strategic alliance with AN2 Therapeutics, Inc. for the development of new therapies for TB. GSK plc was formerly known as GlaxoSmithKline plc and changed its name to GSK plc in May 2022. The company was founded in 1715 and is headquartered in London, United Kingdom.

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▲ ACCIONES|NOVARTIS AG

Goes from 3.95% to 4.56%.

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▲ ACCIONES|BRISTOL-MYERS SQUIBB CO

Goes from 2.06% to 2.44%.

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▲ ACCIONES|MEDTRONIC PLC

Goes from 3.07% to 3.43%.

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▲ ACCIONES|GILEAD SCIENCES INC

Goes from 2.21% to 2.48%.

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▲ ACCIONES|DANONE SA

Goes from 2.07% to 2.32%.

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▲ ACCIONES|MERCK KGAA

Goes from 1.92% to 2.16%.

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▲ ACCIONES|INTUITIVE SURGICAL INC

Goes from 4.15% to 4.39%.

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▲ ACCIONES|LOGISTA INTEGRAL SA

Goes from 2.12% to 2.32%.

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▼ ACCIONES|NOVO NORDISK A/S-B

Goes from 3.16% to 2.36%.

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▼ ACCIONES|DSM-FIRMENICH AG

Goes from 2.02% to 1.56%.

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Fixed income

Declared FI exposure
1.6 M €
% of portfolio
22.8%
Positions
6
Issuers
5
Sovereign: 698,903 € Corporate: 301,108 € Repos / treasury management: 580,000 € Deposits / cash: 700,382 €

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 · 9.9%6-12 months · 20.2%1-2 years · 69.9%
Maturity Positions Exposure %
Matured or ≤3 months 0 0 € 0.0%
3-6 months 1 99,267 € 9.9%
6-12 months 2 201,841 € 20.2%
1-2 years 2 698,903 € 69.9%
2-5 years 0 0 € 0.0%
5-10 years 0 0 € 0.0%
> 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
République Française Sovereign 1 354,610 € 2027-02-25
FONDO EUROPEO DE ESTABI Sovereign 1 344,293 € 2027-05-03
MERCK & CO. INC. Corporate 1 101,176 € 2026-10-15
NOVARTIS FINANCE Corporate 1 100,665 € 2026-11-09
GLAXOSMITHKLINE CAPITAL Corporate 1 99,267 € 2026-05-21

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
FR0014003513 République Française 1.26% 2027-02-25 354,610 €
EU000A1G0DR4 FONDO EUROPEO DE ESTABI 0.70% 2027-05-03 344,293 €
XS1028941117 MERCK & CO. INC. 1.88% 2026-10-15 101,176 €
XS1134729794 NOVARTIS FINANCE 1.63% 2026-11-09 100,665 €
XS1822828122 GLAXOSMITHKLINE CAPITAL 1.25% 2026-05-21 99,267 €

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: 0 Exits at maturity: 4 Exits not explained by maturity: 0
◦ THE CIGNA GROUP

Leaves the portfolio; it was 5.35% of weight.

◦ LINDE INC/CT

Leaves the portfolio; it was 1.44% of weight.

◦ MEDTRONIC GLOBAL HLDINGS

Leaves the portfolio; it was 1.36% of weight.

◦ ENCOMPASS HEALTH CORP

Leaves the portfolio; it was 0.23% 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.