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FONDMAPFRE ELECCION MODERADA, F.I.

Category
—
Latest period
H2 2025
Positions
73

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.

73
Company Type Country Weight Price
TESOROAMERI US912810QX90 · USD Deuda Publica Cotizada Mas 1 Anio US 3.14% —
TESOROAMERI US91282CLF67 · USD Deuda Publica Cotizada Mas 1 Anio US 2.66% 93.23 USD
ITALIA IT0005607970 · EUR Deuda Publica Cotizada Mas 1 Anio IT 2.33% —
TESOROAMERI US91282CEP23 · USD Deuda Publica Cotizada Mas 1 Anio US 2.28% —
FRANCIA FR0013250560 · EUR Deuda Publica Cotizada Mas 1 Anio FR 2.27% —
REPAL DE0001102424 · EUR Deuda Publica Cotizada Mas 1 Anio DE 1.93% —
FRANCIA FR001400PM68 · EUR Deuda Publica Cotizada Mas 1 Anio FR 1.86% 96.48 EUR
REPAL DE000BU25026 · EUR Deuda Publica Cotizada Mas 1 Anio DE 1.64% —
ITALIA IT0005542797 · EUR Deuda Publica Cotizada Mas 1 Anio IT 1.27% —
ITALIA IT0005519787 · EUR Deuda Publica Cotizada Mas 1 Anio IT 0.85% —
ACCIONES|JPMCHASECO US46625H1005 · USD Renta Variable Cotizada US 0.64% 339.72 USD
TESORO ES00000128S2 · EUR Deuda Publica Cotizada Mas 1 Anio ES 0.49% —
ACCIONES|ALPHABETINCA US02079K3059 · USD Renta Variable Cotizada US 0.45% 336.91 USD
ACCIONES|ALIBABAGROU US01609W1027 · USD Renta Variable Cotizada US 0.29% 109.11 USD
ACCIONES|MICTECH US5951121038 · USD Renta Variable Cotizada US 0.28% 878.84 USD
ACCIONES|GILEAD US3755581036 · USD Renta Variable Cotizada US 0.23% 156.19 USD
ACCIONES|MICROSOFT US5949181045 · USD Renta Variable Cotizada US 0.19% 529.05 USD
ACCIONES|NVIDIA US67066G1040 · USD Renta Variable Cotizada US 0.18% 214.13 USD
ACCIONES|TERADYNEINC US8807701029 · USD Renta Variable Cotizada US 0.17% 325.00 USD
ACCIONES|ASMLITHOGRAP NL0010273215 · EUR Renta Variable Cotizada NL 0.17% 1477.20 EUR
ACCIONES|GENMOTORS US37045V1008 · USD Renta Variable Cotizada US 0.16% 83.96 USD
ACCIONES|BRO_BOFAS_US US0605051046 · USD Renta Variable Cotizada US 0.16% 51.23 USD
ACCIONES|CATERPILLAR US1491231015 · USD Renta Variable Cotizada US 0.15% 730.76 USD
ACCIONES|CITIGROUPINC US1729674242 · USD Renta Variable Cotizada US 0.15% 124.26 USD
ACCIONES|AIR LIQUIDE FR0000120073 · EUR Renta Variable Cotizada FR 0.14% 173.16 EUR
ACCIONES|PROCTER US7427181091 · USD Renta Variable Cotizada US 0.14% 159.35 USD
ACCIONES|JOHNSON&JOHN US4781601046 · USD Renta Variable Cotizada US 0.13% 255.56 USD
ACCIONES|BIOGENIDECIN US09062X1037 · USD Renta Variable Cotizada US 0.13% 232.65 USD
ACCIONES|APPLEINC US0378331005 · USD Renta Variable Cotizada US 0.13% 343.46 USD
ACCIONES|ADVANCED US0079031078 · USD Renta Variable Cotizada US 0.12% 528.75 USD
BRO_BBVAS_ES XS1579039006 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.12% 26.12 USD
ACCIONES|WAL-MART US9311421039 · USD Renta Variable Cotizada US 0.11% 111.35 USD
ACCIONES|VISA US92826C8394 · USD Renta Variable Cotizada US 0.11% 402.61 USD
ACCIONES|BRISTOL US1101221083 · USD Renta Variable Cotizada US 0.10% 59.75 USD
ACCIONES|NEXTERA US65339F1012 · USD Renta Variable Cotizada US 0.10% 79.80 USD
ACCIONES|VERIZON US92343V1044 · USD Renta Variable Cotizada US 0.10% 41.65 USD
ACCIONES|GOLDMAN SACHS GROUP US38141G1040 · USD Renta Variable Cotizada US 0.09% 881.26 USD
ACCIONES|PAYPAL US70450Y1038 · USD Renta Variable Cotizada US 0.08% 56.70 USD
ACCIONES|HONEYWELL US4385161066 · USD Renta Variable Cotizada US 0.08% 211.41 USD
TESOROAMERI US91282CAE12 · USD Deuda Publica Cotizada Mas 1 Anio US 0.08% 5.88 USD
ACCIONES|LAM US5128073062 · USD Renta Variable Cotizada US 0.08% 263.94 USD
ACCIONES|INTUIT US4612021034 · USD Renta Variable Cotizada US 0.07% 325.15 USD
ACCIONES|AMAZON US0231351067 · USD Renta Variable Cotizada US 0.07% 250.00 USD
ACCIONES|ANALOG US0326541051 · USD Renta Variable Cotizada US 0.07% 395.44 USD
ACCIONES|DELTAAIRLINE US2473617023 · USD Renta Variable Cotizada US 0.07% 75.37 USD
ACCIONES|MERCK US58933Y1055 · USD Renta Variable Cotizada US 0.06% 145.95 USD
ACCIONES|MARVELL US5738741041 · USD Renta Variable Cotizada US 0.06% 227.83 USD
ACCIONES|PALANTIRTE US69608A1088 · USD Renta Variable Cotizada US 0.06% 186.03 USD
ACCIONES|LULUATHLEINC US5500211090 · USD Renta Variable Cotizada US 0.06% 97.10 USD
ACCIONES|US BANKCORP US9029733048 · USD Renta Variable Cotizada US 0.06% 58.73 USD
ACCIONES|QUALCOMM US7475251036 · USD Renta Variable Cotizada US 0.06% 172.11 USD
ACCIONES|FEDEX US31428X1063 · USD Renta Variable Cotizada US 0.05% 293.55 USD
ACCIONES|ORACLE US68389X1054 · USD Renta Variable Cotizada US 0.05% 128.23 USD
ACCIONES|MEDTRONIC IE00BTN1Y115 · USD Renta Variable Cotizada IE 0.05% 94.75 USD
ACCIONES|CISCO US17275R1023 · USD Renta Variable Cotizada US 0.05% 107.39 USD
ACCIONES|WALT DISNEY US2546871060 · USD Renta Variable Cotizada US 0.05% 110.59 USD
ACCIONES|GXOLOGISTICS US36262G1013 · USD Renta Variable Cotizada US 0.05% 47.18 USD
ACCIONES|COCACOLA US1912161007 · USD Renta Variable Cotizada US 0.05% 93.90 USD
ACCIONES|PALOALTO US6974351057 · USD Renta Variable Cotizada US 0.04% 342.00 USD
ACCIONES|CIGNAGROUP US1255231003 · USD Renta Variable Cotizada US 0.04% 302.30 USD
ACCIONES|DEERE US2441991054 · USD Renta Variable Cotizada US 0.04% 641.86 USD
ACCIONES|AMGEN US0311621009 · USD Renta Variable Cotizada US 0.04% 432.49 USD
ACCIONES|STARBUCKSCOR US8552441094 · USD Renta Variable Cotizada US 0.04% 97.52 USD
ACCIONES|AKAMAI US00971T1016 · USD Renta Variable Cotizada US 0.04% 87.81 USD
ACCIONES|PEPSICO US7134481081 · USD Renta Variable Cotizada US 0.04% 131.49 USD
ACCIONES|LAZARD INC US52110M1099 · USD Renta Variable Cotizada US 0.04% 36.09 USD
ACCIONES|TARGET US87612E1064 · USD Renta Variable Cotizada US 0.03% 154.26 USD
ACCIONES|COREWEAVE US21873S1087 · USD Renta Variable Cotizada US 0.02% 61.39 USD
ACCIONES|SERVICENOW I US81762P1021 · USD Renta Variable Cotizada US 0.02% 141.97 USD
ACCIONES|CVS US1266501006 · USD Renta Variable Cotizada US 0.02% 92.36 USD
ACCIONES|ATTINC US00206R1023 · USD Renta Variable Cotizada US 0.01% 23.44 USD
ACCIONES|PFIZER US7170811035 · USD Renta Variable Cotizada US 0.01% 29.58 USD
ACCIONES|SOLSTICE ADVANCED MA US83443Q1031 · USD Renta Variable Cotizada US 0.00% 59.25 USD

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 5 Exits: 1 Increases: 4 Cuts: 5
+ ACCIONES|MARVELL

Enters the portfolio at 0.06% weight.

Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions and spanning the data center core to network edge in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, Vietnam, and internationally. The company develops and scales system-on-a-chip architectures, integrating analog, mixed-signal, and digital signal processing functionality. It offers a portfolio of ethernet solutions, including spanning controllers, network adapters, physical transceivers, and switches; single or multiple core processors; and custom application specific integrated circuits, interconnects, fibre channel adapters, and processors. The company also provides interconnect products, including pulse amplitude modulation, coherent and coherent-lite digital signal processors (DSPs), laser drivers, trans-impedance amplifiers, silicon photonics, co-packaged optics, linear pluggable optics chipsets, data center interconnect, active electrical cable DSPs and peripheral component interconnect express retimer solutions; fibre channel products comprising host bus adapters and controllers for server and storage system connectivity; storage controllers for hard disk drives and solid-state-drives; host system interfaces, including serial advanced technology attachment and serial attached SCSI, peripheral component interconnect express, compute express link switches, non-volatile memory express (NVMe), and NVMe over fabrics; and develops ultra accelerator linkTM switches and ethernet for scale-up networking switches. The company serves data centers, communications, and other markets. It offers its products through direct customers and distributors. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.

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+ ACCIONES|PALANTIRTE

Enters the portfolio at 0.06% weight.

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. It provides Palantir Gotham integrates with other platforms for defense offerings which enables users to see, understand, and act in the modern battlespace; operations centers to the tactical edge; integrating data from domains and sensors in near real-time; and situational awareness and accelerating operational decision-making, as well as facilitates the hand-off between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers Palantir Foundry, a platform that helps organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform that provides unified access to open-source, self-hosted, and commercial large language models (LLMs) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations' actions and processes into tools for humans and LLM-driven agents. The company also has a strategic partnership with Ondas Inc. to develop and deploy AI-enabled operational capabilities to scale stratospheric, aerial, and land-based ISR missions. The company has a strategic collaboration with NVIDIA to deliver an intelligent engine for running NVIDIA AI and Nemotron open models in sovereign environments and with PwC to transform critical business operations and deliver measurable enterprise value. The company was incorporated in 2003 and is headquartered in Aventura, Florida.

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+ ACCIONES|COREWEAVE

Enters the portfolio at 0.02% weight.

CoreWeave, Inc. operates as a cloud infrastructure technology company in the United States. The company offers CoreWeave Cloud platform that comprises proprietary software and cloud services that deliver the automation and efficiency needed to manage complex artificial intelligence (AI) infrastructure at scale. It also offers data and storage solutions, such as Local Object Transport Accelerator; infrastructure control solutions, including CoreWeave Kubernetes service; mission control services, including node, rack, and fleet lifecycle management; model and agent development tools comprising Weights & Biases, an AI developer platform; and runtime acceleration. In addition, the company offers graphics processing unit compute, CPU compute, networking services, managed services, and virtual and bare metal servers. Its services also include visual effects rendering, machine learning, pixel streaming, and batch processing. The company was formerly known as Atlantic Crypto Corporation and changed its name to CoreWeave, Inc. in December 2019. CoreWeave, Inc. was incorporated in 2017 and is based in Livingston, New Jersey.

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+ ACCIONES|SERVICENOW I

Enters the portfolio at 0.02% weight.

ServiceNow, Inc. provides cloud-based solution for digital workflows in the North America, Brazil, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company provides asset management, integrated risk management, IT service management, Operational Technology management, Security Operations, strategic portfolio management, IT operations management products; customer service management product; field service management applications; and sales and order management services. It also offers human resources delivery; legal and contract operations; workplace service delivery products; app engine product; automation engine; platform privacy and security product; and source-to-pay operations. In addition, the company provides RaptorDB, a database built to manage workloads at scale; ServiceNow Impact that provides customers with software tools, guided plans, and AI-driven recommendations; customer support; and workflow data fabric. It serves government, financial services, healthcare and life science, manufacturing, Public Sector, retail, technology, and Telecom sectors through service providers and resale partners. The company has a strategic collaboration with Cohesity, Inc. to develop, operate, and safeguard autonomous AI agents and data with enterprise-grade reliability; and with ServiceNow to Advance Ai-Powered Solution for Mission-Critical Infrastructure Monitoring. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. ServiceNow, Inc. has a strategic alliance with Accenture for integrated risk management and third-party risk management solutions, and with Tech Mahindra to validate and deliver production-ready, industry-specific enterprise AI and automation solutions at scale. ServiceNow, Inc. was founded in 2004 and is headquartered in Santa Clara, California.

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+ ACCIONES|SOLSTICE ADVANCED MA

Enters the portfolio at 0.00% weight.

Solstice Advanced Materials, Inc. operates as a specialty chemicals and advanced materials company in the United States and internationally. It operates in two segments: Refrigerants & Applied Solutions (RAS), and Electronic & Specialty Materials (ESM). The RAS segment manufactures and sells low global warming potential (LGWP) refrigerants, blowing agents, solvents, and aerosol materials; and provides, aerosol propellants, cleaning solvents, pharmaceutical packaging materials, and alternative energy services under the Solstice, Genetron, and Aclar brands. The ESM segment offers electronic materials, fibers and laboratory life science chemicals for semiconductor, defense, pharmaceutical, and construction markets. This segment provides sputtering targets, lightweight high-strength fibers, and high-purity life science solutions under the Spectra, Fluka, and Hydranal brands. Solstice Advanced Materials, Inc. was incorporated in 2025 and is headquartered in Morris Plains, New Jersey.

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− ACCIONES|ADOBESYSTEMS

Leaves the portfolio; it was 0.06% of weight.

Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content. This segment serves photographers, video editors, graphic and experience designers, game developers, content creators, students, marketers, business owners, knowledge workers, and consumers. The Digital Experience segment provides an integrated platform; and products, services, and solutions that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers e-learning, technical document publishing, web conferencing, document and forms platform, web application development, printing, and Adobe Advertising solutions. It also provides consulting, training, customer management, technical support, and learning services. The company offers its solutions to enterprise customers, and businesses and consumers; and licenses its products to end-user customers through app stores and website at adobe.com. It markets and distributes its products through distributors, retailers, software developers, mobile app stores, systems integrators, independent software vendors, value-added resellers, and original equipment and hardware manufacturers. The company also provides an online visibility management and content marketing software-as-a-service platform. The company has a strategic alliance with HUMAIN for the development of generative AI models and AI-powered applications. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.

▲ FRANCIA

Goes from 0.32% to 2.27%.

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▲ TESOROAMERI

Goes from 1.24% to 2.66%.

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▲ FRANCIA

Goes from 0.98% to 1.86%.

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▲ ACCIONES|ALPHABETINCA

Goes from 0.20% to 0.45%.

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in Google Play and YouTube; and devices, as well as the provision of YouTube consumer subscription services, such as YouTube TV, YouTube Music and Premium, NFL Sunday Ticket, and Google One. The Google Cloud segment offers consumption-based fees and subscriptions for AI solutions, including AI infrastructure, Vertex AI platform, and Gemini enterprise. It also provides cybersecurity, and data and analytics services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet; and other enterprise services. The Other Bets segment sells transportation and internet services. Alphabet Inc. was incorporated in 1998 and is headquartered in Mountain View, California.

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▼ TESOROAMERI

Goes from 3.47% to 3.14%.

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▼ ITALIA

Goes from 2.60% to 2.33%.

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▼ TESOROAMERI

Goes from 2.52% to 2.28%.

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▼ REPAL

Goes from 2.15% to 1.93%.

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▼ REPAL

Goes from 1.84% to 1.64%.

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Fixed income

Declared FI exposure
72.9 M €
% of portfolio
20.9%
Positions
13
Issuers
6
Sovereign: 72.5 M € Corporate: 407,510 €

Maturity ladder

Observed contractual maturity of each position, repos excluded. Matured/≤3 months includes bonds maturing in the first days after the period close.

1-2 years · 22.9%2-5 years · 27.3%5-10 years · 34.8%> 10 years · 15.0%
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 4 16.7 M € 22.9%
2-5 years 5 19.9 M € 27.3%
5-10 years 3 25.3 M € 34.8%
> 10 years 1 10.9 M € 15.0%
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
United States Treasury Sovereign 4 28.4 M € 2030-08-15
Repubblica Italiana Sovereign 3 15.5 M € 2029-12-15
République Française Sovereign 2 14.4 M € 2027-05-25
REPAL Sovereign 2 12.4 M € 2027-08-15
Reino de España Sovereign 1 1.7 M € 2027-11-30
BRO_BBVAS_ES Corporate 1 407,510 € 2027-03-16

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
US912810QX90 United States Treasury 2.75% 2042-08-15 10.9 M €
US91282CLF67 United States Treasury 3.88% 2034-08-15 9.3 M €
IT0005607970 Repubblica Italiana 3.85% 2035-02-01 8.1 M €
US91282CEP23 United States Treasury 2.88% 2032-05-15 7.9 M €
FR0013250560 République Française 1.00% 2027-05-25 7.9 M €
DE0001102424 REPAL 0.50% 2027-08-15 6.7 M €
FR001400PM68 République Française 2.75% 2030-02-25 6.5 M €
DE000BU25026 REPAL 2.10% 2029-04-12 5.7 M €
IT0005542797 Repubblica Italiana 3.70% 2030-06-15 4.4 M €
IT0005519787 Repubblica Italiana 3.85% 2029-12-15 3.0 M €

Currencies

Fixed-income exposure by instrument currency.

Currency Exposure %
EUR 44.4 M € 61.0%
USD 28.4 M € 39.0%

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.