Manager
A&G FONDOS, SGIIC, SA
See the CNMV manager universe →
Fund page
GREDOS BOLSA INTERNACIONAL, FI
Category
—
Latest period
H2 2025
Positions
33
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.
33
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 14
Exits: 11
Increases: 1
Cuts: 2
− FRANCE TREASURY
Leaves the portfolio; it was 1.62% of weight.
− ITALY BUONI ORDI
Leaves the portfolio; it was 1.61% of weight.
− ITALY GOVERNMENT
Leaves the portfolio; it was 1.40% of weight.
− ASSICURAZIONI GE
Leaves the portfolio; it was 0.82% of weight.
− AT AND T INC
Leaves the portfolio; it was 0.82% of weight.
− AXA
Leaves the portfolio; it was 0.82% of weight.
− UNICAJA BANCO SA
Leaves the portfolio; it was 0.81% of weight.
− SPAIN LETRAS DEL TESORO
Leaves the portfolio; it was 0.80% of weight.
− BANCO SANTANDER
Leaves the portfolio; it was 0.62% of weight.
− ACCIONES|ASML HOLDING NV (HOLANDA)
Leaves the portfolio; it was 0.24% of weight.
− ACCIONES|ADOBE SYSTEMS INC
Leaves the portfolio; it was 0.14% of weight.
▼ ACCIONES|BERKSHIRE HATHAWAY INC
Goes from 3.64% to 3.33%.
Berkshire Hathaway Inc., together with its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses. The company provides property, casualty, life, accident, and health insurance and reinsurance; operates railroad systems in North America; generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets. It manufactures boxed chocolates and other confectionery products; specialty chemicals, metal cutting tools, and components for aerospace and power generation applications; prefabricated and site-built residential homes, flooring products; insulation, roofing, and engineered products; building and engineered components; paints and coatings; and bricks and masonry products, as well as offers manufactured and site-built home construction, and related lending and financial services. In addition, the company provides recreational vehicles, apparel, footwear, toys, jewelry, custom picture framing products, alkaline batteries, logistics services, and professional aviation training and shared aircraft ownership programs; castings, forgings, fasteners/fastener systems, aerostructures, and precision components; and cobalt, nickel, and titanium alloys. Further, it distributes televisions and information, and grocery and non-food consumer products; franchises and services quick service restaurants; and distributes electronic components. Additionally, it retails automobiles; furniture, bedding, and accessories; household appliances, electronics, and floor coverings; watches, home decor and repair services; sells kitchenware; and motorcycle clothing and equipment. The company was incorporated in 1998 and is headquartered in Omaha, Nebraska.
View company page →Fixed income
Declared FI exposure
9.8 M €
% of portfolio
17.7%
Positions
24
Issuers
22
Sovereign: 2.9 M €
Corporate: 6.9 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 · 4.1%6-12 months · 19.0%1-2 years · 4.1%2-5 years · 41.5%5-10 years · 15.6%> 10 years · 0.6%Unknown · 15.0%
Maturity
Positions
Exposure
%
Matured or ≤3 months
1
401,257 €
4.1%
3-6 months
0
0 €
0.0%
6-12 months
3
1.9 M €
19.0%
1-2 years
1
401,200 €
4.1%
2-5 years
9
4.1 M €
41.5%
5-10 years
7
1.5 M €
15.6%
> 10 years
1
63,545 €
0.6%
Unknown
2
1.5 M €
15.0%
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
2
1.5 M €
—
République Française
Sovereign
1
980,462 €
2026-11-04
COOPERATIEVE RAB
Corporate
1
901,285 €
2028-07-16
NATWEST MARKETS PLC
Corporate
1
602,499 €
2028-06-11
CAIXABANK SA
Bank
2
527,535 €
2032-07-24
CITIGROUP
Corporate
1
506,091 €
2029-04-29
MORGAN STANLEY
Corporate
1
503,208 €
2028-04-05
Repubblica Italiana
Sovereign
1
490,329 €
2026-11-13
BBVA-BBV
Corporate
1
439,559 €
2028-06-21
HSBC HOLDINGS PLC
Corporate
1
409,088 €
2028-03-10
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
FR0129287324 République Française
0.00%
2026-11-04
980,462 €
XS2860946867 COOPERATIEVE RAB
2.82%
2028-07-16
901,285 €
ES0L02612049 Reino de España
—
—
784,703 €
ES0L02603063 Reino de España
—
—
693,494 €
XS3091038078 NATWEST MARKETS PLC
2.69%
2028-06-11
602,499 €
XS3058827802 CITIGROUP
3.18%
2029-04-29
506,091 €
XS3057365895 MORGAN STANLEY
3.24%
2028-04-05
503,208 €
IT0005678492 Repubblica Italiana
0.00%
2026-11-13
490,329 €
XS2638924709 BBVA-BBV
8.38%
2028-06-21
439,559 €
XS2597113989 HSBC HOLDINGS PLC
4.75%
2028-03-10
409,088 €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
EUR
9.6 M €
97.6%
USD
237,412 €
2.4%
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: 11
Exits at maturity: 6
Exits not explained by maturity: 3
+ FRANCE TREASURY
Enters the portfolio at 1.77% weight.
+ SPAIN LETRAS DEL TESORO
Enters the portfolio at 1.41% weight.
+ SPAIN LETRAS DEL TESORO
Enters the portfolio at 1.25% weight.
+ NATWEST MARKETS
Enters the portfolio at 1.09% weight.
+ ITALY BUONI ORDI
Enters the portfolio at 0.88% weight.
+ HSBC HOLDINGS
Enters the portfolio at 0.74% weight.
+ TOTAL SA (PARIS)
Enters the portfolio at 0.72% weight.
+ AXA
Enters the portfolio at 0.39% weight.
+ AEGON
Enters the portfolio at 0.37% weight.
+ REPSOL E&P CAP M
Enters the portfolio at 0.31% weight.
+ GROUPE BPCE
Enters the portfolio at 0.18% weight.
− UNICAJA BANCO SA
Leaves the portfolio; it was 0.81% of weight.
− SPAIN LETRAS DEL TESORO
Leaves the portfolio; it was 0.80% of weight.
− BANCO SANTANDER
Leaves the portfolio; it was 0.62% of weight.
◦ FRANCE TREASURY
Leaves the portfolio; it was 1.62% of weight.
◦ ITALY BUONI ORDI
Leaves the portfolio; it was 1.61% of weight.
◦ ITALY GOVERNMENT
Leaves the portfolio; it was 1.40% of weight.
◦ ASSICURAZIONI GE
Leaves the portfolio; it was 0.82% of weight.
◦ AT AND T INC
Leaves the portfolio; it was 0.82% of weight.
◦ AXA
Leaves the portfolio; it was 0.82% 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.