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GESTION BOUTIQUE VIII, FI

Category
Latest period
H2 2025
Positions
89

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.

89
Company Type Country Weight Price
ACCIONES|Taiwan Semiconductor US8740391003 · USD Renta Variable Cotizada US 6.19%
BANCO INVERSIS, S.A. ES0000012O59 · EUR Adquisicion Temporal Activos ES 5.53%
ACCIONES|Wheaton Precious Met CA9628791027 · USD Renta Variable Cotizada CA 2.72%
ACCIONES|Samsung Electron-GDR US7960508882 · USD Renta Variable Cotizada US 2.69%
ACCIONES|Nvidia Corp US67066G1040 · USD Renta Variable Cotizada US 2.66%
ACCIONES|Apple Computer Inc. US0378331005 · USD Renta Variable Cotizada US 2.31%
ACCIONES|SK Hynix Inc US78392B1070 · EUR Renta Variable Cotizada US 2.04%
ACCIONES|Microsoft Corp US5949181045 · USD Renta Variable Cotizada US 2.03% 483.24 USD
ACCIONES|ASML Holding Nv NL0010273215 · EUR Renta Variable Cotizada NL 1.99%
ACCIONES|Tencent Holdings LTD US88032Q1094 · USD Renta Variable Cotizada US 1.87%
ACCIONES|Pan American Silver CA6979001089 · USD Renta Variable Cotizada CA 1.77%
ACCIONES|Coeur D´Alene Mines US1921085049 · USD Renta Variable Cotizada US 1.61%
ACCIONES|Agnico-Eagle Mines L CA0084741085 · USD Renta Variable Cotizada CA 1.60%
ACCIONES|Newmont Mining US6516391066 · USD Renta Variable Cotizada US 1.58% 131.58 USD
ACCIONES|Amazon.co, Inc. US0231351067 · USD Renta Variable Cotizada US 1.34%
ACCIONES|Alibaba Group Hldng US01609W1027 · USD Renta Variable Cotizada US 1.33% 119.34 USD
ACCIONES|Barrick Gold Corp CA06849F1080 · USD Renta Variable Cotizada CA 1.32%
ACCIONES|HDFC Bank Ltd US40415F1012 · USD Renta Variable Cotizada US 1.27%
ACCIONES|Hecla mining CO US4227041062 · USD Renta Variable Cotizada US 1.27%
ACCIONES|Fresnillo PLC GB00B2QPKJ12 · USD Renta Variable Cotizada GB 1.26%
ACCIONES|Accs. Broadcom Corp US11135F1012 · USD Renta Variable Cotizada US 1.26%
ACCIONES|Anglogold Ashanti Pl GB00BRXH2664 · USD Renta Variable Cotizada GB 1.22%
ACCIONES|Reliance Industries US7594701077 · USD Renta Variable Cotizada US 1.18%
ACCIONES|Hon Hai Precision In US4380908057 · USD Renta Variable Cotizada US 1.17%
ACCIONES|SAP - AG DE0007164600 · EUR Renta Variable Cotizada DE 1.15%
ACCIONES|Kinross Gold Corp CA4969024047 · USD Renta Variable Cotizada CA 1.08%
ACCIONES|Gold Fields Ltd-Spon US38059T1060 · USD Renta Variable Cotizada US 1.06%
ACCIONES|Alphabet US02079K3059 · USD Renta Variable Cotizada US 1.06%
ACCIONES|Icici Bank Limited US45104G1040 · USD Renta Variable Cotizada US 1.03%
ACCIONES|Northen Star Resourc AU000000NST8 · USD Renta Variable Cotizada AU 1.02%
ACCIONES|First Majestic Silve CA32076V1031 · USD Renta Variable Cotizada CA 1.02%
ACCIONES|Naspers LTD US6315122092 · USD Renta Variable Cotizada US 1.01% 9.86 USD
ACCIONES|Siemens AG DE0007236101 · EUR Renta Variable Cotizada DE 0.98%
ACCIONES|Infosys Tecnologies US4567881085 · USD Renta Variable Cotizada US 0.98%
ACCIONES|OR Royalties Inc CA68390D1069 · USD Renta Variable Cotizada CA 0.94%
ACCIONES|Franco Nevada Corp CA3518581051 · USD Renta Variable Cotizada CA 0.94%
ACCIONES|NU Holdings Ltd/Caym KYG6683N1034 · USD Renta Variable Cotizada KY 0.92%
ACCIONES|Alphabet US02079K1079 · USD Renta Variable Cotizada US 0.92%
ACCIONES|Delta Electronics Th TH0528A10Z14 · EUR Renta Variable Cotizada TH 0.86%
ACCIONES|Louis Vuitton FR0000121014 · EUR Renta Variable Cotizada FR 0.86%
ACCIONES|Cia de Minas Buenav US2044481040 · USD Renta Variable Cotizada US 0.84%
ACCIONES|Allianz AG DE0008404005 · EUR Renta Variable Cotizada DE 0.83%
ACCIONES|Tesla Motors Inc US88160R1014 · USD Renta Variable Cotizada US 0.83%
ACCIONES|Banco Santander S.A. ES0113900J37 · EUR Renta Variable Cotizada ES 0.82%
ACCIONES|Itau Unibanco Holdin US4655621062 · USD Renta Variable Cotizada US 0.81%
ACCIONES|Meta Platforms US30303M1027 · USD Renta Variable Cotizada US 0.79% 549.90 USD
ACCIONES|Goldcorp, Inc CA0115321089 · USD Renta Variable Cotizada CA 0.75%
ACCIONES|SCHNEIDER SA FR0000121972 · EUR Renta Variable Cotizada FR 0.73%
ACCIONES|SSR Mining Inc CA7847301032 · USD Renta Variable Cotizada CA 0.70%
ACCIONES|Total S.A FR0000120271 · EUR Renta Variable Cotizada FR 0.69%
ACCIONES|Airbus NL0000235190 · EUR Renta Variable Cotizada NL 0.64% 203.70 EUR
ACCIONES|BBVA ES0113211835 · EUR Renta Variable Cotizada ES 0.63%
ACCIONES|Palantir Technologie US69608A1088 · USD Renta Variable Cotizada US 0.62%
ACCIONES|IBERDROLA ES0144580Y14 · EUR Renta Variable Cotizada ES 0.62%
ACCIONES|Safran SA FR0000073272 · EUR Renta Variable Cotizada FR 0.61%
ACCIONES|Unicrédito Italiano IT0005239360 · EUR Renta Variable Cotizada IT 0.60%
ACCIONES|Royal Gold Inc US7802871084 · USD Renta Variable Cotizada US 0.59%
ACCIONES|Cotsco Wholesale US22160K1051 · USD Renta Variable Cotizada US 0.58%
ACCIONES|DEUTSCHE TEL. DE0005557508 · EUR Renta Variable Cotizada DE 0.53%
ACCIONES|Sanofi - Synthelabo FR0000120578 · EUR Renta Variable Cotizada FR 0.52%
ACCIONES|Equinox Gold Corp CA29446Y5020 · USD Renta Variable Cotizada CA 0.50%
ACCIONES|Pinduoduo Inc US7223041028 · USD Renta Variable Cotizada US 0.50%
ACCIONES|Air Liquide FR0000120073 · EUR Renta Variable Cotizada FR 0.50%
ACCIONES|L´oreal FR0000120321 · EUR Renta Variable Cotizada FR 0.49%
ACCIONES|Fortuna Mining Corp CA3499421020 · USD Renta Variable Cotizada CA 0.49%
ACCIONES|Cisco Systems Inc. US17275R1023 · USD Renta Variable Cotizada US 0.47%
ACCIONES|Berkshire Hathaway US0846707026 · USD Renta Variable Cotizada US 0.47% 495.82 USD
ACCIONES|Lilly (Eli) & Co. US5324571083 · USD Renta Variable Cotizada US 0.47%
ACCIONES|ESSILOR FR0000121667 · EUR Renta Variable Cotizada FR 0.47%
ACCIONES|BNP FR0000131104 · EUR Renta Variable Cotizada FR 0.46%
ACCIONES|JP Morgan Chase & CO US46625H1005 · USD Renta Variable Cotizada US 0.44%
ACCIONES|Netflix, Inc. US64110L1061 · USD Renta Variable Cotizada US 0.41%
ACCIONES|China Construction B US1689191088 · USD Renta Variable Cotizada US 0.40%
PARTICIPACIONES|Meituan US58533E1038 · USD Renta Variable Cotizada US 0.40%
ACCIONES|Harmony Gold Mining US4132163001 · USD Renta Variable Cotizada US 0.39%
ACCIONES|Xiaomi Corp US98421U1088 · USD Renta Variable Cotizada US 0.36%
ACCIONES|T-Mobile US US8725901040 · USD Renta Variable Cotizada US 0.35%
ACCIONES|Baidu Inc US0567521085 · USD Renta Variable Cotizada US 0.32%
ACCIONES|Visa Inc Class A US92826C8394 · USD Renta Variable Cotizada US 0.30%
ACCIONES|Trip.com Group Ltd US89677Q1076 · USD Renta Variable Cotizada US 0.29%
ACCIONES|Netease.Com US64110W1027 · USD Renta Variable Cotizada US 0.28%
ACCIONES|JD.com Inc-ADR US47215P1066 · USD Renta Variable Cotizada US 0.27% 29.37 USD
ACCIONES|Exxon Corporation US30231G1022 · USD Renta Variable Cotizada US 0.26%
ACCIONES|Ping an Insurance-AD US72341E3045 · USD Renta Variable Cotizada US 0.24%
ACCIONES|ICBC US4558071076 · USD Renta Variable Cotizada US 0.22%
ACCIONES|BYD Co Ltd US05606L1008 · USD Renta Variable Cotizada US 0.19%
PARTICIPACIONES|Bank of China Ltd US06426M1045 · USD Renta Variable Cotizada US 0.17%
ACCIONES|Kanzhun Ltd US48553T1060 · USD Renta Variable Cotizada US 0.15%
ACCIONES|KE Holdings Inc US4824971042 · USD Renta Variable Cotizada US 0.11%

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 24 Exits: 12 Increases: 14 Cuts: 24
+ ACCIONES|Taiwan Semiconductor

Enters the portfolio at 6.19% weight.

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+ BANCO INVERSIS, S.A.

Enters the portfolio at 5.53% weight.

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+ ACCIONES|Samsung Electron-GDR

Enters the portfolio at 2.69% weight.

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+ ACCIONES|SK Hynix Inc

Enters the portfolio at 2.04% weight.

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+ ACCIONES|HDFC Bank Ltd

Enters the portfolio at 1.27% weight.

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+ ACCIONES|Fresnillo PLC

Enters the portfolio at 1.26% weight.

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+ ACCIONES|Reliance Industries

Enters the portfolio at 1.18% weight.

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+ ACCIONES|Hon Hai Precision In

Enters the portfolio at 1.17% weight.

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+ ACCIONES|Icici Bank Limited

Enters the portfolio at 1.03% weight.

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+ ACCIONES|Northen Star Resourc

Enters the portfolio at 1.02% weight.

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+ ACCIONES|First Majestic Silve

Enters the portfolio at 1.02% weight.

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+ ACCIONES|Naspers LTD

Enters the portfolio at 1.01% weight.

Naspers Limited operates as a consumer internet company in Africa, Asia, Europe, and internationally. The company operates internet platforms, such as classifieds, an online classifieds platform; Payments and Fintech, a mobile and online payment platform; Food Delivery, an online food ordering and delivery platforms; Edtech, an online educational technology platform; social and internet platforms; health; and Etail and other e-commerce platforms. It engages in printing, distribution, circulation, and publishing of newspapers, magazines, and books. Naspers Limited was incorporated in 1915 and is headquartered in Cape Town, South Africa.

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+ ACCIONES|Infosys Tecnologies

Enters the portfolio at 0.98% weight.

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+ ACCIONES|OR Royalties Inc

Enters the portfolio at 0.94% weight.

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+ ACCIONES|NU Holdings Ltd/Caym

Enters the portfolio at 0.92% weight.

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+ ACCIONES|Delta Electronics Th

Enters the portfolio at 0.86% weight.

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+ ACCIONES|Itau Unibanco Holdin

Enters the portfolio at 0.81% weight.

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+ ACCIONES|SSR Mining Inc

Enters the portfolio at 0.70% weight.

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+ ACCIONES|BBVA

Enters the portfolio at 0.63% weight.

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+ ACCIONES|Equinox Gold Corp

Enters the portfolio at 0.50% weight.

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+ ACCIONES|ESSILOR

Enters the portfolio at 0.47% weight.

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+ ACCIONES|BNP

Enters the portfolio at 0.46% weight.

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+ ACCIONES|Kanzhun Ltd

Enters the portfolio at 0.15% weight.

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+ ACCIONES|KE Holdings Inc

Enters the portfolio at 0.11% weight.

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− ACCIONES|Microstrategy Inc-Cl

Leaves the portfolio; it was 5.40% of weight.

− ACCIONES|Marathon Patent Grou

Leaves the portfolio; it was 3.93% of weight.

− ACCIONES|Coinbase Global Inc

Leaves the portfolio; it was 3.28% of weight.

− BANCO INVERSIS, S.A.

Leaves the portfolio; it was 2.48% of weight.

− ACCIONES|Canaan Inc

Leaves the portfolio; it was 2.21% of weight.

− ACCIONES|Hut 8 Mining Corp

Leaves the portfolio; it was 1.76% of weight.

− ACCIONES|BitFarms Ltd/Canada

Leaves the portfolio; it was 1.75% of weight.

− ACCIONES|Bit Digital Inc

Leaves the portfolio; it was 1.23% of weight.

− ACCIONES|Hive Digital Technol

Leaves the portfolio; it was 1.15% of weight.

− ACCIONES|Zijin Mining Group C

Leaves the portfolio; it was 0.86% of weight.

− ACCIONES|Hermes Internacional

Leaves the portfolio; it was 0.61% of weight.

− ACCIONES|MAG Silver Corp

Leaves the portfolio; it was 0.49% of weight.

▲ ACCIONES|Coeur D´Alene Mines

Goes from 0.45% to 1.61%.

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▲ ACCIONES|Wheaton Precious Met

Goes from 1.85% to 2.72%.

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▲ ACCIONES|Nvidia Corp

Goes from 2.11% to 2.66%.

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▲ ACCIONES|Alphabet

Goes from 0.65% to 1.06%.

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▲ ACCIONES|Cia de Minas Buenav

Goes from 0.47% to 0.84%.

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▲ ACCIONES|Palantir Technologie

Goes from 0.26% to 0.62%.

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▲ ACCIONES|Hecla mining CO

Goes from 0.91% to 1.27%.

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▲ ACCIONES|Alphabet

Goes from 0.58% to 0.92%.

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▲ ACCIONES|Accs. Broadcom Corp

Goes from 0.95% to 1.26%.

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▲ ACCIONES|Lilly (Eli) & Co.

Goes from 0.20% to 0.47%.

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▲ ACCIONES|Cisco Systems Inc.

Goes from 0.24% to 0.47%.

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▲ ACCIONES|Tesla Motors Inc

Goes from 0.59% to 0.83%.

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▲ ACCIONES|JP Morgan Chase & CO

Goes from 0.22% to 0.44%.

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▲ ACCIONES|ASML Holding Nv

Goes from 1.76% to 1.99%.

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▼ ACCIONES|Tencent Holdings LTD

Goes from 3.56% to 1.87%.

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▼ ACCIONES|Newmont Mining

Goes from 3.18% to 1.58%.

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.

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▼ ACCIONES|Xiaomi Corp

Goes from 1.71% to 0.36%.

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▼ ACCIONES|Agnico-Eagle Mines L

Goes from 2.82% to 1.60%.

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▼ ACCIONES|China Construction B

Goes from 1.49% to 0.40%.

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▼ ACCIONES|Alibaba Group Hldng

Goes from 2.38% to 1.33%.

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses in the People's Republic of China and internationally. It operates through the Alibaba China E-Commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and All Others segments. The Alibaba China E-commerce Group segment operates Taobao and Tmall, which are digital retail platforms; Taobao Instant Commerce, a local services and on-demand delivery platform; 1688.com, a domestic wholesale marketplace; and Xianyu, a consumer-to-consumer community and marketplace for idle goods. Its Alibaba International Digital Commerce Group segment includes AliExpress, a global e-commerce platform; Trendyol, an e-commerce platform in Turkey; Lazada, an e-commerce platform in Southeast Asia; Daraz, an e-commerce platform in South Asia, primarily in Pakistan and Bangladesh; and Alibaba.com, an integrated international online wholesale marketplace. The Cloud Intelligence Group segment offers a suite of cloud services based on infrastructure-as-a-service, platform-as-a-service, and model-as-a-service. Its All Others segment comprises Amap, a provider of mobile digital maps, navigation, and real-time traffic information in China; Cainiao, which provides logistics solutions; Youku, an online long-form video platform in China; Freshippo, a retail platform for groceries and fresh goods; and Alibaba Health, a pharmaceutical and healthcare services platform. Alibaba Group Holding Limited was incorporated in 1999 and is based in Hangzhou, China.

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▼ ACCIONES|ICBC

Goes from 1.15% to 0.22%.

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▼ ACCIONES|BYD Co Ltd

Goes from 1.07% to 0.19%.

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▼ ACCIONES|Ping an Insurance-AD

Goes from 1.10% to 0.24%.

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▼ ACCIONES|Pinduoduo Inc

Goes from 1.33% to 0.50%.

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▼ PARTICIPACIONES|Bank of China Ltd

Goes from 1.00% to 0.17%.

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▼ ACCIONES|Netease.Com

Goes from 1.11% to 0.28%.

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▼ PARTICIPACIONES|Meituan

Goes from 1.21% to 0.40%.

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▼ ACCIONES|Pan American Silver

Goes from 2.56% to 1.77%.

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▼ ACCIONES|JD.com Inc-ADR

Goes from 1.01% to 0.27%.

JD.com, Inc. operates as a supply chain-based technology and service provider in the People's Republic of China and Europe. It operates through three segments: JD Retail, JD Logistics, and New Businesses. The company provides home appliances; mobile handsets and other digital products; computers, including desktop, laptop, and other various products, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics and other personal care items; and pet products. It offers women's shoes, bags, watches, jewelry, and luxury goods; men's shoes, sports gear, and fitness equipment; automobiles and accessories; maternal and childcare products; toys and musical instruments; food, beverages, and fresh produce; gifts, flowers, and plants; and pharmaceutical and healthcare products, such as OCT pharmaceutical products, nutritional supplements, healthcare services, and other healthcare equipment. In addition, the company provides books, e-books, music, movies, and other media products; virtual goods consisting of online travel agency, attraction tickets, and prepaid phone cards and game cards; industrial products; and installation and maintenance services. Further, it offers online marketplace services for third-party merchants; marketing services; and omni-channel solutions to customers and offline retailers, as well as online healthcare services. Additionally, the company develops, owns, and manages its logistics facilities and other real estate properties to support third parties; and offers asset management services and integrated service platform; leasing of storage facilities and related management services, as well as engages in online retail business; technology-driven supply chain solutions; and logistics services. The company was formerly known as 360buy Jingdong Inc. and changed its name to JD.com, Inc. in January 2014. JD.com, Inc. was incorporated in 2006 and is headquartered in Beijing, the People's Republic of China.

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▼ ACCIONES|SAP - AG

Goes from 1.86% to 1.15%.

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▼ ACCIONES|Trip.com Group Ltd

Goes from 0.92% to 0.29%.

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▼ ACCIONES|Baidu Inc

Goes from 0.94% to 0.32%.

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▼ ACCIONES|Franco Nevada Corp

Goes from 1.52% to 0.94%.

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▼ ACCIONES|Barrick Gold Corp

Goes from 1.71% to 1.32%.

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▼ ACCIONES|Netflix, Inc.

Goes from 0.70% to 0.41%.

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▼ ACCIONES|Sanofi - Synthelabo

Goes from 0.77% to 0.52%.

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▼ ACCIONES|DEUTSCHE TEL.

Goes from 0.76% to 0.53%.

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▼ ACCIONES|Air Liquide

Goes from 0.73% to 0.50%.

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Fixed income

Declared FI exposure
141,000 €
% of portfolio
5.5%
Positions
1
Issuers
0
Sovereign: 0 € Corporate: 0 € Repos / treasury management: 141,000 €

Maturity ladder

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

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 0 0 € 0.0%
5-10 years 0 0 € 0.0%
> 10 years 0 0 € 0.0%
Unknown 0 0 € 0.0%

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.