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ESPINOSA PARTNERS INVERSIONES, FI

Category
Latest period
H2 2025
Positions
23

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.

23
Company Type Country Weight Price
BANKINTER ES0000012O67 · EUR Adquisicion Temporal Activos ES 46.39%
Acciones|LEONARDO SPA IT0003856405 · EUR Renta Variable Cotizada IT 6.11%
Acciones|RHEINMETTAL DE0007030009 · EUR Renta Variable Cotizada DE 5.13%
Acciones|INDRA SISTEMAS SA ES0118594417 · EUR Renta Variable Cotizada ES 4.91%
RABOBANK XS2050933972 · EUR Renta Fija Cotizada Mas 1 Anio XS 2.36%
Acciones|TAIWAN SEMICONDUCTOR-SP US8740391003 · USD Renta Variable Cotizada US 2.15%
Acciones|SK HYNIX INC US78392B1070 · EUR Renta Variable Cotizada US 1.99%
Acciones|GOLD BULLION SEC.LTD ETF GB00B00FHZ82 · USD Renta Variable Cotizada GB 1.90%
Acciones|HENSOLDT AG DE000HAG0005 · EUR Renta Variable Cotizada DE 1.89%
Acciones|WOLTERS KLUWER NL0000395903 · EUR Renta Variable Cotizada NL 1.79%
Acciones|ARCELOR LU1598757687 · EUR Renta Variable Cotizada LU 1.77% 62.58 EUR
Acciones|REPSOL ES0173516115 · EUR Renta Variable Cotizada ES 1.76%
Acciones|VOLKSWAGEN DE0007664039 · EUR Renta Variable Cotizada DE 1.70% 75.02 EUR
Acciones|STELLANTIS NV NL00150001Q9 · EUR Renta Variable Cotizada NL 1.69% 4.65 EUR
Acciones|NVIDIA CORPORATION US67066G1040 · USD Renta Variable Cotizada US 1.65%
VGP NV BE6332787454 · EUR Renta Fija Cotizada Mas 1 Anio BE 1.63%
Acciones|KION GROUP DE000KGX8881 · EUR Renta Variable Cotizada DE 1.44% 41.10 EUR
Acciones|MITSUBISHI ELECTRIC CORP JP3902400005 · JPY Renta Variable Cotizada JP 1.22%
Acciones|ORSTED A/S DK0060094928 · DKK Renta Variable Cotizada DK 1.17%
Acciones|RAIFFEISEN BANK AT0000606306 · EUR Renta Variable Cotizada AT 1.16%
CASTELUMM HELSINKI XS2387052744 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.11%
Acciones|BANCO SABADELL S.A ES0113860A34 · EUR Renta Variable Cotizada ES 0.90%
Acciones|OKLO INC US02156V1098 · USD Renta Variable Cotizada US 0.74%

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 10 Exits: 6 Increases: 6 Cuts: 2
+ BANKINTER

Enters the portfolio at 46.39% weight.

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+ RABOBANK

Enters the portfolio at 2.36% weight.

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+ Acciones|SK HYNIX INC

Enters the portfolio at 1.99% weight.

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+ Acciones|HENSOLDT AG

Enters the portfolio at 1.89% weight.

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+ Acciones|WOLTERS KLUWER

Enters the portfolio at 1.79% weight.

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+ Acciones|ARCELOR

Enters the portfolio at 1.77% weight.

ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company also provides mining products, such as iron ore lumps, fines, concentrate, pellets, and sinter feeds; and coking coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, and distributors. The company operates iron ore mining activities in Brazil, Bosnia, Liberia, Mexico, South Africa, and Ukraine, as well as in India and in Canada. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg, Luxembourg.

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+ Acciones|VOLKSWAGEN

Enters the portfolio at 1.70% weight.

Volkswagen AG manufactures automobiles and commercial vehicles in Europe, Germany, North America, South America, the Asia-Pacific, and internationally. It operates through three segments: Passenger Cars and Light Commercial Vehicles; Commercial Vehicles; and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines and motors, vehicle software, and vehicle batteries; produces and sells passenger cars and light commercial vehicles, and the parts. This segment also offers compact cars, luxury vehicles, and motorcycles, as well as mobility solutions. The Commercial Vehicles segment engages in the development of vehicles, engines, and motors; production and sale of trucks and buses, parts, and related services. The Financial Services segment engages in the dealership and customer financing, leasing, direct banking, and insurance activities; and provision of fleet management, and mobility services. In addition, the company is involved in the large-bore diesel engines, turbomachinery, and propulsion components businesses. It sells its products under the Volkswagen Passenger Cars, Škoda, SEAT/CUPRA, Volkswagen Commercial Vehicles, Audi, Lamborghini, Bentley, Ducati, Porsche, Scania, MAN, Volkswagen Truck & Bus, TRATON, and Bugatti Rimac, and international commercial vehicles brands to individual, corporate, and fleet customers. The company was founded in 1937 and is headquartered in Wolfsburg, Germany. Volkswagen AG operates as a subsidiary of Porsche Automobil Holding SE.

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+ Acciones|STELLANTIS NV

Enters the portfolio at 1.69% weight.

Stellantis N.V. engages in the designing, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, and mobility services worldwide. It provides luxury and premium vehicles; sport utility vehicles; and parts and accessories. The company also provides contract services; retail and dealer financing services; and vehicle leasing and rental services, as well as engages in after-market parts and service businesses and data businesses. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, DS Automobiles, Dodge, Fiat, Jeep, Maserati, Ram Trucks, Opel, Lancia, Vauxhall, Peugeot, Free2move, Share Now, Leasys, and Comau brand names through distributors and dealers. The company has a strategic collaboration with Microsoft Corporation for the development of AI initiatives across sales, customer care, and operations. The company operates in North America, France, Brazil, Italy, Germany, the United Kingdom, Turkiye, Spain, Argentina, Belgium, Austria, the Netherlands, Portugal, Poland, Algeria, Morocco, Japan, China, and internationally. Stellantis N.V. was founded in 1899 and is based in Hoofddorp, the Netherlands.

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+ Acciones|ORSTED A/S

Enters the portfolio at 1.17% weight.

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+ Acciones|RAIFFEISEN BANK

Enters the portfolio at 1.16% weight.

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− BANKINTER

Leaves the portfolio; it was 47.69% of weight.

− Acciones|COCA COLA COMPANY

Leaves the portfolio; it was 2.41% of weight.

− Acciones|NOVO NORDISK

Leaves the portfolio; it was 1.35% of weight.

− ALSTRIA OFFICE REIT

Leaves the portfolio; it was 1.10% of weight.

− Acciones|COX ENERGY

Leaves the portfolio; it was 0.55% of weight.

− Acciones|BANCO MACRO SA

Leaves the portfolio; it was 0.45% of weight.

▲ Acciones|INDRA SISTEMAS SA

Goes from 3.83% to 4.91%.

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▲ Acciones|TAIWAN SEMICONDUCTOR-SP

Goes from 1.64% to 2.15%.

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▲ Acciones|KION GROUP

Goes from 1.03% to 1.44%.

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.

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▲ Acciones|REPSOL

Goes from 1.42% to 1.76%.

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▲ Acciones|MITSUBISHI ELECTRIC CORP

Goes from 0.93% to 1.22%.

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▲ Acciones|NVIDIA CORPORATION

Goes from 1.43% to 1.65%.

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▼ Acciones|GOLD BULLION SEC.LTD ETF

Goes from 2.97% to 1.90%.

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▼ Acciones|RHEINMETTAL

Goes from 6.07% to 5.13%.

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Fixed income

Declared FI exposure
8.7 M €
% of portfolio
51.5%
Positions
4
Issuers
3
Sovereign: 0 € Corporate: 858,547 € Repos / treasury management: 7.8 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.

2-5 years · 53.7%> 10 years · 46.3%
Maturity Positions Exposure %
Matured or ≤3 months 0 0 € 0.0%
3-6 months 0 0 € 0.0%
6-12 months 0 0 € 0.0%
1-2 years 0 0 € 0.0%
2-5 years 2 460,968 € 53.7%
5-10 years 0 0 € 0.0%
> 10 years 1 397,579 € 46.3%
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
RABOBANK Corporate 1 397,579 € 2044-12-29
VGP NV Corporate 1 274,281 € 2030-01-17
CASTELUMM HELSINKI Corporate 1 186,687 € 2029-09-17

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
XS2050933972 RABOBANK 1.62% 2044-12-29 397,579 €
BE6332787454 VGP NV 2.25% 2030-01-17 274,281 €
XS2387052744 CASTELUMM HELSINKI 0.88% 2029-09-17 186,687 €

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: 1 Exits at maturity: 0 Exits not explained by maturity: 1
+ RABOBANK

Enters the portfolio at 2.36% weight.

− ALSTRIA OFFICE REIT

Leaves the portfolio; it was 1.10% 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.