Manager
GESALCALA, S.A., S.G.I.I.C.
See the CNMV manager universe →
Fund page
CINVEST MULTIGESTION FI
Category
—
Latest period
H2 2025
Positions
42
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.
42
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 21
Exits: 18
Increases: 1
Cuts: 2
+ Acciones|GOLAR LNG LTD
Enters the portfolio at 1.90% weight.
Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates in two segments, FLNG, and Corporate and Other. It engages in the regasification, storage, and liquefied natural gas (LNG) carrier transportation operations; operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities. The company was founded in 1946 and is headquartered in Hamilton, Bermuda.
View company page →+ Acciones|NEWMONT MINING CORP
Enters the portfolio at 0.42% weight.
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 →− BANCO ALCA
Leaves the portfolio; it was 2.77% of weight.
− Acciones|NETFLIX INC
Leaves the portfolio; it was 1.56% of weight.
− Acciones|PHILIP MORRIS CO. INC
Leaves the portfolio; it was 1.41% of weight.
− Acciones|AT&T
Leaves the portfolio; it was 1.31% of weight.
− Acciones|GE VERNOVA INC
Leaves the portfolio; it was 0.92% of weight.
− Acciones|GILEAD SCIENCES INC
Leaves the portfolio; it was 0.87% of weight.
− Acciones|INTERCONTINENTAL EXCHANGE INC
Leaves the portfolio; it was 0.67% of weight.
− Acciones|CME GROUP
Leaves the portfolio; it was 0.63% of weight.
− Acciones|REPUBLIC SERVICES
Leaves the portfolio; it was 0.49% of weight.
− Acciones|HOWMET
Leaves the portfolio; it was 0.48% of weight.
− Acciones|FOX CORPORATION
Leaves the portfolio; it was 0.33% of weight.
− Acciones|TAPESTRY
Leaves the portfolio; it was 0.31% of weight.
− Acciones|VERISIGN INC
Leaves the portfolio; it was 0.30% of weight.
− Acciones|NRG
Leaves the portfolio; it was 0.29% of weight.
− Acciones|DARDEN RESTAURANTS
Leaves the portfolio; it was 0.28% of weight.
− Acciones|BERKLEY
Leaves the portfolio; it was 0.28% of weight.
− Acciones|KELLANOVA
Leaves the portfolio; it was 0.27% of weight.
− Acciones|FERROVIAL
Leaves the portfolio; it was 0.01% of weight.
▼ Acciones|META PLATFORMS INC
Goes from 2.96% to 2.19%.
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 →Fixed income
Declared FI exposure
3.6 M €
% of portfolio
26.1%
Positions
13
Issuers
10
Sovereign: 809,379 €
Corporate: 2.1 M €
Repos / treasury management: 630,011 €
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 · 5.1%2-5 years · 26.6%5-10 years · 56.9%> 10 years · 11.5%
Maturity
Positions
Exposure
%
Matured or ≤3 months
1
148,735 €
5.1%
3-6 months
0
0 €
0.0%
6-12 months
0
0 €
0.0%
1-2 years
0
0 €
0.0%
2-5 years
4
780,385 €
26.6%
5-10 years
6
1.7 M €
56.9%
> 10 years
1
337,083 €
11.5%
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
Repubblica Italiana
Sovereign
3
809,379 €
2028-03-15
COCA COLA CO
Corporate
1
337,083 €
2036-05-06
BNP PARIBAS SA
Corporate
1
328,146 €
2032-12-03
MIHUZO FINANCIAL GRO
Corporate
1
310,099 €
2032-09-05
BANCO SANTANDER CENT
Corporate
1
215,625 €
2031-10-18
CAIXABANK SA
Bank
1
210,505 €
2030-09-06
SOCIETE GENERALE SA
Bank
1
203,861 €
2029-05-30
PROCTER & GAMBLE
Corporate
1
199,203 €
2034-04-29
WELLSFARGO
Corporate
1
176,535 €
2030-03-25
SHELL PLC
Corporate
1
148,735 €
2026-03-24
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
IT0005240350 Repubblica Italiana
2.45%
2033-09-01
393,885 €
XS2339399359 COCA COLA CO
0.95%
2036-05-06
337,083 €
FR0014000UL9 BNP PARIBAS SA
0.62%
2032-12-03
328,146 €
XS2528311348 MIHUZO FINANCIAL GRO
4.03%
2032-09-05
310,099 €
IT0003535157 Repubblica Italiana
5.00%
2034-08-01
226,010 €
XS2705604234 BANCO SANTANDER CENT
4.88%
2031-10-18
215,625 €
XS2676814499 CAIXABANK SA
4.25%
2030-09-06
210,505 €
FR001400AO14 SOCIETE GENERALE SA
2.62%
2029-05-30
203,861 €
XS2810309224 PROCTER & GAMBLE
3.20%
2034-04-29
199,203 €
IT0005433690 Repubblica Italiana
0.25%
2028-03-15
189,484 €
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: 0
Exits not explained by maturity: 0
No fixed-income moves to show for this period.
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.