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CREAND DOLPHIN EQUITIES, FI

Category
Latest period
H2 2025
Positions
56

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.

56
Company Type Country Weight Price
Acciones|MICROSOFT CP WASH US5949181045 · USD Renta Variable Cotizada US 6.54% 483.24 USD
Acciones|GOOGLE INC US02079K3059 · USD Renta Variable Cotizada US 6.26%
Acciones|AMAZON.COM INC US0231351067 · USD Renta Variable Cotizada US 4.84%
Acciones|NVIDIA CORP US67066G1040 · USD Renta Variable Cotizada US 4.06%
Acciones|APPLE INC US0378331005 · USD Renta Variable Cotizada US 3.76%
Acciones|VEOLIA ENVIRONNEMENT FR0000124141 · EUR Renta Variable Cotizada FR 2.76%
Acciones|DSV PANALPINA A/S DK0060079531 · DKK Renta Variable Cotizada DK 2.53% 1398.50 DKK
Acciones|THERMO FISCHER SCIENTIFIC INC US8835561023 · USD Renta Variable Cotizada US 2.25%
Acciones|FANUC JP3802400006 · JPY Renta Variable Cotizada JP 2.17%
Acciones|ASTRAZENECA PLC GB0009895292 · GBP Renta Variable Cotizada GB 2.00%
Acciones|SAINSBURY (J) PLC GB00B082RF11 · GBP Renta Variable Cotizada GB 1.96% 344.20 GBp
Acciones|HEXAGON SE0015961909 · SEK Renta Variable Cotizada SE 1.87%
Acciones|UNIVERSAL MUSIC GROUP BV NL0015000IY2 · EUR Renta Variable Cotizada NL 1.86%
Acciones|BOOKING HOLDINGS INC US09857L1089 · USD Renta Variable Cotizada US 1.84% 209.62 USD
Acciones|XYLEM US98419M1009 · USD Renta Variable Cotizada US 1.82%
Acciones|METLIFE INC US59156R1086 · USD Renta Variable Cotizada US 1.70%
Acciones|MUFG.JP JP3902900004 · JPY Renta Variable Cotizada JP 1.70%
Acciones|SGS SA CH1256740924 · CHF Renta Variable Cotizada CH 1.67%
Acciones|META PLATFORMS INC US30303M1027 · USD Renta Variable Cotizada US 1.63% 549.90 USD
Acciones|SCHNEIDER ELECTRIC FR0000121972 · EUR Renta Variable Cotizada FR 1.62%
Acciones|EDWARDS US28176E1082 · USD Renta Variable Cotizada US 1.60%
Acciones|TAIWAN SEMICONDUCTOR US8740391003 · USD Renta Variable Cotizada US 1.56%
Acciones|ASSA ABLOY AB SE0007100581 · SEK Renta Variable Cotizada SE 1.53%
Acciones|AUTODESK INC US0527691069 · USD Renta Variable Cotizada US 1.48%
Acciones|HONEYWELL INTERNATIONAL INC US4385161066 · USD Renta Variable Cotizada US 1.42%
Acciones|WASTE MANAGEMENT INC US94106L1098 · USD Renta Variable Cotizada US 1.38%
Acciones|TRIMBLE US8962391004 · USD Renta Variable Cotizada US 1.28%
Acciones|CLEAN HARBORS US1844961078 · USD Renta Variable Cotizada US 1.28%
Acciones|EON, AG DE000ENAG999 · EUR Renta Variable Cotizada DE 1.25%
Acciones|KEYENCE JP3236200006 · JPY Renta Variable Cotizada JP 1.24%
Acciones|AIRBUS GROUP NL0000235190 · EUR Renta Variable Cotizada NL 1.20% 203.70 EUR
Acciones|ELI LILLY & CO US5324571083 · USD Renta Variable Cotizada US 1.18%
Acciones|DAIFUKU JP3497400006 · JPY Renta Variable Cotizada JP 1.16%
Acciones|SCOTTISH & SOUTHERN ENERGY GB0007908733 · GBP Renta Variable Cotizada GB 1.15%
Acciones|NETFLIX INC US64110L1061 · USD Renta Variable Cotizada US 1.08%
Acciones|ACCOR SA FR0000120404 · EUR Renta Variable Cotizada FR 1.01%
Acciones|ABBVIE INC US00287Y1091 · USD Renta Variable Cotizada US 0.98%
Acciones|SPIRAX GROUP GB00BWFGQN14 · GBP Renta Variable Cotizada GB 0.94%
Acciones|ZOETIS INC US98978V1035 · USD Renta Variable Cotizada US 0.91%
Acciones|BROADCOM INC US11135F1012 · USD Renta Variable Cotizada US 0.91%
Acciones|FERRARI NV NL0011585146 · EUR Renta Variable Cotizada NL 0.88%
Acciones|VINCI, S.A. FR0000125486 · EUR Renta Variable Cotizada FR 0.87%
Acciones|PALO ALTO NETWORKS INC US6974351057 · USD Renta Variable Cotizada US 0.87%
Acciones|SMFG.CO JP3890350006 · JPY Renta Variable Cotizada JP 0.86%
Acciones|STRYKER CORP US8636671013 · USD Renta Variable Cotizada US 0.79%
Acciones|CAP GEMINI FR0000125338 · EUR Renta Variable Cotizada FR 0.74%
Acciones|ELIS SA FR0012435121 · EUR Renta Variable Cotizada FR 0.62%
Acciones|SIEMENS AG DE0007236101 · EUR Renta Variable Cotizada DE 0.59%
Acciones|DANONE FR0000120644 · EUR Renta Variable Cotizada FR 0.57%
Acciones|DAI ICHI LIFE JP3476480003 · JPY Renta Variable Cotizada JP 0.49%
Acciones|TRACTOR SUPPLY US8923561067 · USD Renta Variable Cotizada US 0.38%
Acciones|SERVER TRENT GB00B1FH8J72 · GBP Renta Variable Cotizada GB 0.37%
Acciones|PENNON GROUP PLC GB00BNNTLN49 · GBP Renta Variable Cotizada GB 0.37%
Acciones|UNITED UTILITIES GB00B39J2M42 · GBP Renta Variable Cotizada GB 0.37%
Acciones|ASAHI GROUP JP3116000005 · JPY Renta Variable Cotizada JP 0.33%
Acciones|INTUITIVE SURGICAL INC US46120E6023 · USD Renta Variable Cotizada US 0.21%

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 7 Exits: 14 Increases: 13 Cuts: 6
+ Acciones|HONEYWELL INTERNATIONAL INC

Enters the portfolio at 1.42% weight.

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+ Acciones|WASTE MANAGEMENT INC

Enters the portfolio at 1.38% weight.

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+ Acciones|ACCOR SA

Enters the portfolio at 1.01% weight.

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+ Acciones|FERRARI NV

Enters the portfolio at 0.88% weight.

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+ Acciones|SERVER TRENT

Enters the portfolio at 0.37% weight.

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+ Acciones|PENNON GROUP PLC

Enters the portfolio at 0.37% weight.

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+ Acciones|UNITED UTILITIES

Enters the portfolio at 0.37% weight.

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− Acciones|ALCON INC

Leaves the portfolio; it was 1.84% of weight.

− Acciones|ASML HOLDING NV

Leaves the portfolio; it was 1.39% of weight.

− Acciones|NOVO NORDISK A/S-B

Leaves the portfolio; it was 1.39% of weight.

− Acciones|ENDERED

Leaves the portfolio; it was 1.34% of weight.

Edenred SE operates as a digital platform for services and payments for companies, employees, and merchants worldwide. It offers employee benefit solutions, including Ticket Restaurant, a solution that allows employees to take time out for lunch at a partner merchant; Ticket Alimentación, which allows users to pay for groceries in stores and supermarkets; Edenred Regalo, a gift voucher; Ticket CESU, a human services solution; Edenred City, a solution that enables the purchase of staples, such as food and fuel; Welfare Edenred, which employees can use to pay for various services, including access to sports facilities and solutions for their children's educational needs; Edenred Eco, a solution that encourages the purchase of environmentally friendly products in Belgium; and Kadéos Culture in France and Ticket Cultura in Brazil for cultural goods and services, as well as mobility solutions through Edenred Mobility. The company also offers mobility solutions comprising Ticket Car for employees to pay for fuel and other business travel expenses; Empresarial, which enables companies to control spending to reimburse expense claims; Cintelink, a smart cloud platform for service stations and commercial fleets; UTA Edenred, a fuel card; Ticket Fleet Pro for truck fleet management; Edenred Finance that provides refund services to European transportation companies; The Right Fuel Card, a fuel card manager; and Spirii, a platform for recharging electric vehicles. In addition, it provides complementary solutions comprising corporate payment, incentive and rewards, salary card solutions; and benefits and engagement programs. Edenred SE was founded in 1962 and is headquartered in Issy-les-Moulineaux, France.

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− Acciones|KEYSIGHT

Leaves the portfolio; it was 1.32% of weight.

− Acciones|UNITEDHEALTH GROUP INC

Leaves the portfolio; it was 1.09% of weight.

− Acciones|LAMB WESTON HOLDINS

Leaves the portfolio; it was 0.94% of weight.

− Acciones|ADOBE INC

Leaves the portfolio; it was 0.74% of weight.

− BANCO ALCA

Leaves the portfolio; it was 0.60% of weight.

− Acciones|GOOGLE INC

Leaves the portfolio; it was 0.58% of weight.

− Acciones|TEL

Leaves the portfolio; it was 0.57% of weight.

− Acciones|HILTON WORLDWIDE HOLDINGS INC

Leaves the portfolio; it was 0.55% of weight.

− Acciones|MARRIOTT

Leaves the portfolio; it was 0.53% of weight.

− Acciones|CHUBB LTD

Leaves the portfolio; it was 0.48% of weight.

▲ Acciones|GOOGLE INC

Goes from 4.33% to 6.26%.

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▲ Acciones|THERMO FISCHER SCIENTIFIC INC

Goes from 1.68% to 2.25%.

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▲ Acciones|FANUC

Goes from 1.66% to 2.17%.

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▲ Acciones|DSV PANALPINA A/S

Goes from 2.05% to 2.53%.

DSV A/S offers freight forwarding and logistics services in Europe, the Middle East, Africa, North America, South America, Asia, Australia, and the Pacific. It operates through three segments: Air & Sea, Road, and Solutions. The company provides air freight, charter, and sea-air freight services, as well as unit load devices; sea freight services, including less-than-container load services, sea freight services, break bulk, sea containers, and DSV LCL sailing schedule services; and warehousing, e-commerce fulfilment, supply chain, contract logistics, and logistics solutions. It also offers road freight services, such as full load, part load, and groupage; conventional freight forwarding services and tailored project cargo solutions; and freight management, customs clearance, decarbonising logistics, order management, insurance, and e-commerce solutions. The company serves the automotive, technology, healthcare, energy, industrial, consumer, defense, aerospace, and chemical industries. The company was formerly known as DSV Panalpina A/S and changed its name to DSV A/S in September 2021. DSV A/S was incorporated in 1976 and is based in Hedehusene, Denmark.

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▲ Acciones|HEXAGON

Goes from 1.48% to 1.87%.

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▲ Acciones|ASTRAZENECA PLC

Goes from 1.62% to 2.00%.

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▲ Acciones|SAINSBURY (J) PLC

Goes from 1.62% to 1.96%.

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, Europe, the United Kingdom, Asia, the Middle East, North Africa, Turkey, and Pacific. The company offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management. It provides hygiene services, including the provision and maintenance of products, such as soap and hand sanitizer dispensers, hand dryers, air care and purification, cubicle and surface sanitizers, feminine hygiene units, toilet paper dispensers, and floor protection mats. In addition, the company engages in the supply and laundering of garments for commercial organizations. Further, the company provides a range of specialist cleaning services, such as graffiti removal, deep cleaning of kitchens and washrooms, trauma cleaning, and flood or fire damage cleaning, as well as specialist deep cleaning services. Rentokil Initial plc was founded in 1903 and is headquartered in Crawley, the United Kingdom.

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▲ Acciones|SPIRAX GROUP

Goes from 0.65% to 0.94%.

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▲ Acciones|TAIWAN SEMICONDUCTOR

Goes from 1.28% to 1.56%.

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▲ Acciones|METLIFE INC

Goes from 1.44% to 1.70%.

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▲ Acciones|ZOETIS INC

Goes from 0.67% to 0.91%.

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▲ Acciones|ELI LILLY & CO

Goes from 0.95% to 1.18%.

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▲ Acciones|AMAZON.COM INC

Goes from 4.62% to 4.84%.

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▼ Acciones|BROADCOM INC

Goes from 2.51% to 0.91%.

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▼ Acciones|MICROSOFT CP WASH

Goes from 7.45% to 6.54%.

Microsoft Corporation, a technology company, develops and supports a portfolio of technology solutions for individuals and businesses worldwide. It operates through three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Microsoft 365 Commercial, Enterprise Mobility + Security, Power BI, Exchange, SharePoint, Microsoft Teams, Microsoft 365 Security and Compliance, Microsoft 365 Copilot, and Windows Commercial on-premises and Office licensed on-premises. This segment also provides Microsoft 365 Consumer products and cloud services; LinkedIn, including talent solutions, marketing solutions, subscriptions, and sales solutions; Dynamics 365, a set of cloud-based applications; and on-premises ERP and CRM applications. The Intelligent Cloud segment offers server products and cloud services; cloud and AI consumption-based services, GitHub cloud services, health and life sciences cloud services, as well as virtual desktop offerings, and other cloud services; SQL Server, Windows Server, Visual Studio, System Center, and related client access licenses; and enterprise support services, industry solutions, Microsoft partner network, and learning experience. The More Personal Computing segment provides Windows OEM licensing and devices comprising Surface and PC accessories; XBOX hardware, and XBOX first- and third-party content and services; XBOX Game Pass and other subscriptions; XBOX Cloud Gaming, advertising, and other cloud services; and search advertising consisting of Bing, Copilot, Microsoft News, Microsoft Edge, and third-party affiliates. It sells its products through partners and retail networks. The company was founded in 1975 and is headquartered in Redmond, Washington.

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▼ Acciones|NETFLIX INC

Goes from 1.69% to 1.08%.

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▼ Acciones|META PLATFORMS INC

Goes from 2.20% to 1.63%.

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.

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▼ Acciones|DANONE

Goes from 1.05% to 0.57%.

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▼ Acciones|APPLE INC

Goes from 4.03% to 3.76%.

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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.