Manager
CBNK GESTION DE ACTIVOS, S.G.I.I.C., S.A.
See the CNMV manager universe →
Fund page
CBNK SELECCIÓN, FI
Category
—
Latest period
H2 2025
Positions
50
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.
50
Company
Type
Country
Weight
Price
CBNK BANCO DE COLECTIVOS
— · EUR
Depositos
—
2.81%
—
CBNK BANCO DE COLECTIVOS
— · EUR
Depositos
—
2.80%
—
CBNK BANCO DE COLECTIVOS
— · EUR
Depositos
—
2.10%
—
CBNK BANCO DE COLECTIVOS
— · EUR
Depositos
—
1.40%
—
CBNK BANCO DE COLECTIVOS
— · EUR
Depositos
—
0.56%
—
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 12
Exits: 5
Increases: 8
Cuts: 6
− BANCO INVERSIS, S.A
Leaves the portfolio; it was 13.36% of weight.
− ACCIONES|CATERPILLAR INC
Leaves the portfolio; it was 1.58% of weight.
− DEUDA ESTADO FRANCES
Leaves the portfolio; it was 1.39% of weight.
− ACCIONES|CONSTRUCCIONES Y AUXILIAR DE FERROCARRILE
Leaves the portfolio; it was 1.13% of weight.
View company page →− ACCIONES|KONE OYJ-B
Leaves the portfolio; it was 0.98% of weight.
KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, automatic building doors, and integrated access control solutions, as well as maintenance and modernization solutions. It also offers KONE Office Flow, a modular connected people flow solution that delivers personalized access and enhanced user experiences in workplaces; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators. In addition, the company provides people flow planning and consulting services; solutions for special buildings and large projects; cybersecurity solutions; and energy solutions for greener buildings. It also offers hands-on, immersive training to technicians, engineers, and service professional through a training center in Egypt. KONE Oyj was founded in 1908 and is based in Espoo, Finland.
View company page →▲ ACCIONES|MERLIN PROPERTIES SOCIMI SA
Goes from 1.59% to 2.11%.
MERLIN Properties SOCIMI, S.A. is one of the largest real estate and infrastructure companies listed on the Spanish Stock Exchange. It specializes in the development, acquisition and management of commercial property in the Iberian Peninsula, mainly investing in offices, shopping centers, logistics facilities and data centers within the Core and Core Plus segments. MERLIN Properties SOCIMI, S.A. was incorporated in 2014 in Spain.
View company page →▲ ACCIONES|BERKSHIRE HATHAWAY INC
Goes from 1.54% to 2.00%.
Berkshire Hathaway Inc., together with its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses. The company provides property, casualty, life, accident, and health insurance and reinsurance; operates railroad systems in North America; generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets. It manufactures boxed chocolates and other confectionery products; specialty chemicals, metal cutting tools, and components for aerospace and power generation applications; prefabricated and site-built residential homes, flooring products; insulation, roofing, and engineered products; building and engineered components; paints and coatings; and bricks and masonry products, as well as offers manufactured and site-built home construction, and related lending and financial services. In addition, the company provides recreational vehicles, apparel, footwear, toys, jewelry, custom picture framing products, alkaline batteries, logistics services, and professional aviation training and shared aircraft ownership programs; castings, forgings, fasteners/fastener systems, aerostructures, and precision components; and cobalt, nickel, and titanium alloys. Further, it distributes televisions and information, and grocery and non-food consumer products; franchises and services quick service restaurants; and distributes electronic components. Additionally, it retails automobiles; furniture, bedding, and accessories; household appliances, electronics, and floor coverings; watches, home decor and repair services; sells kitchenware; and motorcycle clothing and equipment. The company was incorporated in 1998 and is headquartered in Omaha, Nebraska.
View company page →▼ ACCIONES|KION GROUP AG
Goes from 2.12% to 1.41%.
KION GROUP AG provides industrial trucks and supply chain solutions in Western and Eastern Europe, the Middle East, Africa, North America, Central and South America, China, and the rest of the Asia Pacific. It operates through Industrial Trucks & Services; and Supply Chain Solutions segments. The company offers forklift and heavy trucks, counterbalance trucks with electric drive and internal combustion engine, intralogistics systems, components and spare parts, narrow aisle trucks, lithium-ion batteries, and industrial and warehouse trucks under the Linde, STILL, Baoli, Fenwick, and OM brands. It also leases and rents industrial trucks and related equipment; and provides maintenance and repair services, fleet management solutions, driver assistance systems, and service options, as well as finance solutions. In addition, the company provides integrated technology and software solutions, automated guided vehicle systems, warehouse automation solutions, palletizers, storage and picking equipment, automated storage and retrieval systems, system components and racking, sorters, and conveyors under the Dematic brand. Further, it offers logistics solutions. The company was formerly known as KION Holding 1 GmbH. KION GROUP AG was founded in 2006 and is headquartered in Frankfurt am Main, Germany.
View company page →Fixed income
Declared FI exposure
1.5 M €
% of portfolio
20.8%
Positions
15
Issuers
14
Sovereign: 101,842 €
Corporate: 1.2 M €
Repos / treasury management: 150,000 €
Deposits / cash: 691,700 €
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 · 21.9%3-6 months · 14.4%6-12 months · 36.6%1-2 years · 20.1%> 10 years · 7.0%
Maturity
Positions
Exposure
%
Matured or ≤3 months
3
293,764 €
21.9%
3-6 months
2
192,770 €
14.4%
6-12 months
5
490,276 €
36.6%
1-2 years
3
269,486 €
20.1%
2-5 years
0
0 €
0.0%
5-10 years
0
0 €
0.0%
> 10 years
1
93,867 €
7.0%
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
FONDO EUROPEO DE ESTABI
Sovereign
1
101,842 €
2027-05-03
ASSA ABLOY AB-B
Corporate
1
100,757 €
2026-09-13
FCC AQUALIA SA
Corporate
1
100,751 €
2027-06-08
FNM SPA
Corporate
1
98,206 €
2026-10-20
ONTIME CORPORATE UNION SA
Corporate
1
98,182 €
2026-01-16
HERA SPA
Corporate
1
98,180 €
2026-10-14
Oesía Networks
Corporate
1
97,956 €
2026-01-16
GRUPO VISABEIRA
Corporate
1
97,626 €
2026-02-26
GENERAL DE ALQUILER DE MAQU
Corporate
1
96,862 €
2026-07-14
Euskaltel SA
Corporate
1
96,585 €
2026-06-25
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
EU000A1G0DR4 FONDO EUROPEO DE ESTABI
0.70%
2027-05-03
101,842 €
XS2678207676 ASSA ABLOY AB-B
3.75%
2026-09-13
100,757 €
XS1627343186 FCC AQUALIA SA
2.63%
2027-06-08
100,751 €
XS2400296773 FNM SPA
0.75%
2026-10-20
98,206 €
ES0505604597 ONTIME CORPORATE UNION SA
3.70%
2026-01-16
98,182 €
XS1504194173 HERA SPA
0.88%
2026-10-14
98,180 €
ES0505722233 Oesía Networks
4.04%
2026-01-16
97,956 €
PTG1VQJM0148 GRUPO VISABEIRA
4.03%
2026-02-26
97,626 €
ES0541571552 GENERAL DE ALQUILER DE MAQU
3.25%
2026-07-14
96,862 €
ES0505075608 Euskaltel SA
3.56%
2026-06-25
96,585 €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
EUR
1.4 M €
95.5%
USD
66,893 €
4.5%
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: 0
Exits not explained by maturity: 1
+ FNM SPA
Enters the portfolio at 1.37% weight.
+ ONTIME CORPORATE UNION SA
Enters the portfolio at 1.37% weight.
+ HERA SPA
Enters the portfolio at 1.37% weight.
+ OESIA NETWORKS SL
Enters the portfolio at 1.37% weight.
+ GRUPO VISABEIRA SA
Enters the portfolio at 1.36% weight.
+ GENERAL DE ALQUILER DE MAQU
Enters the portfolio at 1.35% weight.
+ GRUPO TRADEBE MEDIOAMBIENTE
Enters the portfolio at 1.35% weight.
+ MOTA ENGIL SGPS SA
Enters the portfolio at 1.34% weight.
− DEUDA ESTADO FRANCES
Leaves the portfolio; it was 1.39% 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.