Manager
EDM GESTION, SOCIEDAD ANONIMA, S.G.I.I.C.
See the CNMV manager universe →
Fund page
EDM CARTERA, FI
Category
—
Latest period
H2 2025
Positions
152
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.
152
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 31
Exits: 26
Increases: 15
Cuts: 19
+ ACCIONES|ZEGONA COMMUNICATION
Enters the portfolio at 0.20% weight.
Zegona Communications plc engages in the provision of integrated telecommunications services in Spain. The company offers broadband, mobile, TV, voice, data, and other value-added products and services. It serves business-to-consumer and business-to-business markets. The company was incorporated in 2015 and is based in London, the United Kingdom. Zegona Communications plc operates as a subsidiary of Ejlshm Funding Limited.
View company page →− SPAIN LETRAS DEL TES
Leaves the portfolio; it was 1.50% of weight.
− ACCIONES|TRADE DESK INC/THE
Leaves the portfolio; it was 0.76% of weight.
− ACCIONES|LONDON STOCK EXCHANG
Leaves the portfolio; it was 0.59% of weight.
− ACCIONES|CHIPOTLE MEXICAN GRI
Leaves the portfolio; it was 0.57% of weight.
− BRENNTAG FINANCE BV
Leaves the portfolio; it was 0.38% of weight.
− ACCIONES|VINCI SA
Leaves the portfolio; it was 0.38% of weight.
− ACCIONES|ADIDAS AG
Leaves the portfolio; it was 0.33% of weight.
− LVMH MOET HENNESSY L
Leaves the portfolio; it was 0.31% of weight.
− ACCIONES|GRUPO CATALANA OCCID
Leaves the portfolio; it was 0.29% of weight.
− BANK OF AMERICA CORP
Leaves the portfolio; it was 0.28% of weight.
− AVIS BUDGET FINANCE
Leaves the portfolio; it was 0.24% of weight.
− BANCO DE CREDITO SOC
Leaves the portfolio; it was 0.24% of weight.
− ACCIONES|LOGISTA
Leaves the portfolio; it was 0.23% of weight.
− ACCIONES|GLOBAL DOMINION ACCE
Leaves the portfolio; it was 0.20% of weight.
Global Dominion Access, S.A. engages in the provision of integral services for business process efficiency and sustainability worldwide. The company provides operation and maintenance services; environment services for industrial cleaning and waste management; installation and maintenance of refractory linings; design, construction, and maintenance of tall structures, including towers, silos, domes, chimneys, stacks, and others; designing, building, and maintaining industrial structures, such as gas systems, tanks and vessels, industrial furnaces, and electrical systems; and management of logistics and warehouses. It also provides solutions for flexible production and automation; telecommunication networks; technological projects and communication systems; renewable energy generation; wind services; and self-consumption and new energy systems. In addition, the company is involved in the implementation and integral management of the life cycle of transmission lines, substations, and distribution, as well as different projects. Global Dominion Access, S.A. was incorporated in 1999 and is headquartered in Bilbao, Spain.
View company page →− OI EUROPEAN GROUP BV
Leaves the portfolio; it was 0.18% of weight.
− COTY INC
Leaves the portfolio; it was 0.18% of weight.
− TECHEM VERWALTUNGSGE
Leaves the portfolio; it was 0.18% of weight.
− GREENALIA SA
Leaves the portfolio; it was 0.17% of weight.
− CHEPLAPHARM ARZNEIMI
Leaves the portfolio; it was 0.17% of weight.
− MICHELIN
Leaves the portfolio; it was 0.17% of weight.
− ACCIONES|WOLTERS KLUWER NV
Leaves the portfolio; it was 0.16% of weight.
− ZIGGO BV
Leaves the portfolio; it was 0.16% of weight.
− KERING
Leaves the portfolio; it was 0.12% of weight.
▲ ACCIONES|DSV A/S
Goes from 0.83% to 1.59%.
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.
View company page →▲ ACCIONES|CIE FINANCIERE RICHE
Goes from 0.64% to 0.90%.
Compagnie Financière Richemont SA, an investment holding company, engages in the luxury goods business. The company operates through Jewellery Maisons, Specialist Watchmakers, and Other segments. It is involved in the design, manufacture, and distribution of jewelry products, precision timepieces, watches, writing instruments, clothing, and leather goods and accessories. The company provides its products under the Cartier, Van Cleef & Arpels, Vhernier, Buccellati, A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis, Vacheron Constantin, Alaïa, Chloé, Delvaux, dunhill, G/FORE, Gianvito Rossi, Montblanc, Peter Millar, Purdey, Serapian, Watchfinder&Co., TIMEVALLEE, and brand names through retail online retail, and wholesale distribution channels. It offers its products in France, the United Kingdom, Italy, Switzerland, rest of Europe, the United Arab Emirates, rest of the Middle East, Africa, China, Hong Kong, Macau, Japan, South Korea, rest of Asia, the United States, and rest of the Americas. The company was incorporated in 1979 and is headquartered in Bellevue, Switzerland.
View company page →▼ ACCIONES|AIRBUS GROUP SE
Goes from 1.58% to 0.84%.
Airbus SE, together with its subsidiaries, engages in the design, manufacture, and delivery of aeronautics and aerospace products, services, and solutions worldwide. It operates through three segments: Airbus, Airbus Helicopters, and Airbus Defence and Space. The Airbus segment develops, manufactures, markets, and sells commercial jet passenger aircraft, freighter aircraft, regional turboprop aircraft, and aircraft components, as well as provides aircraft conversion and related services. The Airbus Helicopters segment develops, manufactures, markets, and sells civil and military helicopters; and provides uncrewed aerial systems and their related services. The Airbus Defence and Space segment designs, develops, delivers, and supports crewed and uncrewed military air systems and related services. This segment also offers civil and defence space systems for telecommunications, earth observations, navigation, and science and orbital systems; and services around data processing from platforms, secure communication, and cyber security. The company was formerly known as Airbus Group SE and changed its name to Airbus SE in April 2017. The company was incorporated in 1998 and is headquartered in Leiden, the Netherlands.
View company page →▼ ACCIONES|TUBACEX SA
Goes from 0.72% to 0.44%.
Tubacex, S.A., together with its subsidiaries, engages in the manufacturing and sale of stainless steel and nickel tubes in Spain and internationally. The company provides seamless stainless steel tubes, including CRA OCTG tubing and casing; aerospace, space exploration, and defense tubing; hydraulic and instrumentation tubing; heat exchanger tubing; subsea umbilicals; and medium and high pressure tubes, as well as machined components, including downhole mills, impellers, spiral mills, reamer, shoes, stabilizers, sensors, spools, bladed noses, float subs, and cross-overs. It also offers round bars, billets, and ingots; fittings, and special and machined components, such as butt-welding fittings, tube bends, elbows, tees, reducers and caps; Tubacoat, a ceramic coating for long steel and high-nickel alloy products; non-magnetic steel components; and instrumentation tubes, hydraulic tubes, exchanger tubes, isometric tubes, and piping. In addition, the company provides design and simulation, and logistic services; and added-value services comprising shotpeening, connection threading, bending, cutting, machining and bevelling, welding, overlay, preassemblies, marking, finning, studding, polishing, grooving, lab testing, packaging, and storage services. Further, it offers tube marketing, real estate, pipe rental, consulting and advisory, and research and development services. The company serves chemical and petrochemical, low carbon, power generation, electronics equipment, new technologies, oil and gas exploration and production, fertilizer, aerospace, hydrocarbon processing, and other industries. Tubacex, S.A. was incorporated in 1963 and is headquartered in Llodio, Spain.
View company page →Fixed income
Declared FI exposure
39.9 M €
% of portfolio
24.6%
Positions
78
Issuers
63
Sovereign: 11.0 M €
Corporate: 28.9 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.
Matured or ≤3 months · 4.4%3-6 months · 10.1%6-12 months · 1.7%1-2 years · 8.5%2-5 years · 39.6%5-10 years · 31.2%> 10 years · 4.4%
Maturity
Positions
Exposure
%
Matured or ≤3 months
2
1.8 M €
4.4%
3-6 months
1
4.0 M €
10.1%
6-12 months
2
681,626 €
1.7%
1-2 years
6
3.4 M €
8.5%
2-5 years
33
15.8 M €
39.6%
5-10 years
29
12.5 M €
31.2%
> 10 years
5
1.8 M €
4.4%
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
5
6.6 M €
2026-05-31
Repubblica Italiana
Sovereign
3
2.1 M €
2026-01-28
Bundesrepublik Deutschland
Sovereign
3
1.1 M €
2032-08-15
BBVA
Corporate
2
1.0 M €
2027-02-10
BARRY CALLEBAUT SVCS NV
Corporate
1
1.0 M €
2028-02-19
PERSHING SQUARE HOLD
Corporate
1
1.0 M €
2030-04-29
UNICREDIT SPA
Corporate
2
1.0 M €
2029-01-17
BANKINTER, S.A.
Bank
2
952,582 €
2027-10-06
ACCOR SA
Corporate
1
946,258 €
2028-11-29
BLACKSTONE PP EUR HO
Corporate
2
881,483 €
2029-10-29
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
ES0000012L29 Reino de España
2.80%
2026-05-31
4.0 M €
ES0000012M77 Reino de España
2.50%
2027-05-31
1.3 M €
IT0005584302 Repubblica Italiana
3.20%
2026-01-28
1.3 M €
BE6360448615 BARRY CALLEBAUT SVCS NV
3.75%
2028-02-19
1.0 M €
XS3062665867 PERSHING SQUARE HOLD
4.25%
2030-04-29
1.0 M €
FR0014006ND8 ACCOR SA
2.38%
2028-11-29
946,258 €
XS3182049935 INMOBILIARIA COLONIA
3.12%
2031-09-23
784,925 €
XS2894908768 CEZ AS
4.12%
2031-09-05
618,696 €
DE000CZ45YV9 COMMERZBANK
4.00%
2032-07-16
617,425 €
XS3104481257 FIBERCOP SPA
4.75%
2030-06-30
611,865 €
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: 22
Exits at maturity: 6
Exits not explained by maturity: 8
+ BONOS Y OBLIG DEL ES
Enters the portfolio at 0.81% weight.
+ BUONI POLIENNALI DEL
Enters the portfolio at 0.81% weight.
+ PERSHING SQUARE HOLD
Enters the portfolio at 0.63% weight.
+ INMOBILIARIA COLONIA
Enters the portfolio at 0.48% weight.
+ CEZ AS
Enters the portfolio at 0.38% weight.
+ COMMERZBANK AG
Enters the portfolio at 0.38% weight.
+ FIBERCOP SPA
Enters the portfolio at 0.38% weight.
+ BLACKSTONE PP EUR HO
Enters the portfolio at 0.37% weight.
+ LSEG NETHERLANDS BV
Enters the portfolio at 0.32% weight.
+ KION GROUP AG
Enters the portfolio at 0.31% weight.
+ EUTELSAT SA
Enters the portfolio at 0.27% weight.
+ ALTAREA
Enters the portfolio at 0.26% weight.
+ SOFTBANK GROUP CORP
Enters the portfolio at 0.25% weight.
+ GESTAMP AUTOMOCION S
Enters the portfolio at 0.25% weight.
+ BONOS Y OBLIG DEL ES
Enters the portfolio at 0.24% weight.
+ PROSEGUR CASH SA
Enters the portfolio at 0.24% weight.
+ OBRIGACOES DO TESOUR
Enters the portfolio at 0.24% weight.
+ BUNDESREPUB. DEUTSCH
Enters the portfolio at 0.24% weight.
+ ASHLAND SERVICES BV
Enters the portfolio at 0.24% weight.
+ OBRIGACOES DO TESOUR
Enters the portfolio at 0.22% weight.
+ CHEPLAPHARM ARZNEIMI
Enters the portfolio at 0.18% weight.
+ BLACKSTONE PP EUR HO
Enters the portfolio at 0.17% weight.
− BANK OF AMERICA CORP
Leaves the portfolio; it was 0.28% of weight.
− AVIS BUDGET FINANCE
Leaves the portfolio; it was 0.24% of weight.
− BANCO DE CREDITO SOC
Leaves the portfolio; it was 0.24% of weight.
− OI EUROPEAN GROUP BV
Leaves the portfolio; it was 0.18% of weight.
− COTY INC
Leaves the portfolio; it was 0.18% of weight.
− TECHEM VERWALTUNGSGE
Leaves the portfolio; it was 0.18% of weight.
− CHEPLAPHARM ARZNEIMI
Leaves the portfolio; it was 0.17% of weight.
− ZIGGO BV
Leaves the portfolio; it was 0.16% of weight.
◦ SPAIN LETRAS DEL TES
Leaves the portfolio; it was 1.50% of weight.
◦ BRENNTAG FINANCE BV
Leaves the portfolio; it was 0.38% of weight.
◦ LVMH MOET HENNESSY L
Leaves the portfolio; it was 0.31% of weight.
◦ GREENALIA SA
Leaves the portfolio; it was 0.17% of weight.
◦ MICHELIN
Leaves the portfolio; it was 0.17% of weight.
◦ KERING
Leaves the portfolio; it was 0.12% 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.