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GVC GAESCO CROSSOVER, FI

Category
Latest period
H2 2025
Positions
14

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.

14
Company Type Country Weight Price
Acciones|NVIDIA CORP. US67066G1040 · USD Renta Variable Cotizada US 5.28%
Acciones|ALPHABET INC/CA-CL C US02079K1079 · USD Renta Variable Cotizada US 4.14%
Acciones|MICRON TECHNOLOGY US5951121038 · USD Renta Variable Cotizada US 3.88%
Acciones|NETFLIX INC. US64110L1061 · USD Renta Variable Cotizada US 2.76%
ESTADO USA US91282CJF95 · USD Deuda Publica Cotizada Mas 1 Anio US 2.74%
Acciones|ADVANCED MICRO DEVICES US0079031078 · USD Renta Variable Cotizada US 2.44%
Acciones|AMAZON.COM US0231351067 · USD Renta Variable Cotizada US 2.41%
Acciones|MICROSOFT CORP US5949181045 · USD Renta Variable Cotizada US 2.35% 483.24 USD
Acciones|APPLE COMPUTER INC US0378331005 · USD Renta Variable Cotizada US 2.24%
Acciones|FACEBOOK US30303M1027 · USD Renta Variable Cotizada US 2.15% 549.90 USD
BNP PARIBA ES0000012M77 · EUR Adquisicion Temporal Activos ES 1.39%
BNP PARIBA ES0000012L29 · EUR Adquisicion Temporal Activos ES 1.39%
BNP PARIBA ES0000012O59 · EUR Adquisicion Temporal Activos ES 1.39%
Acciones|GENERAL DYNAMICS CORPORATION US3695501086 · USD Renta Variable Cotizada US 1.36%

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 2 Exits: 3 Increases: 5 Cuts: 5
+ BNP PARIBA

Enters the portfolio at 1.39% weight.

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+ BNP PARIBA

Enters the portfolio at 1.39% weight.

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− ESTADO USA

Leaves the portfolio; it was 2.96% of weight.

− BNP PARIBA

Leaves the portfolio; it was 1.64% of weight.

− BNP PARIBA

Leaves the portfolio; it was 1.39% of weight.

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▲ Acciones|MICRON TECHNOLOGY

Goes from 1.87% to 3.88%.

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▲ Acciones|ALPHABET INC/CA-CL C

Goes from 2.62% to 4.14%.

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▲ Acciones|ADVANCED MICRO DEVICES

Goes from 1.81% to 2.44%.

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▲ Acciones|APPLE COMPUTER INC

Goes from 1.89% to 2.24%.

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▲ Acciones|NVIDIA CORP.

Goes from 5.01% to 5.28%.

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▼ Acciones|NETFLIX INC.

Goes from 4.41% to 2.76%.

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▼ Acciones|FACEBOOK

Goes from 2.70% to 2.15%.

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses in the United States, Canada, Europe, Asia-Pacific, and internationally. It operates through two segments, Family of Apps (FoA) and Reality Labs (RL). The FoA segment offers Facebook, which enables people to build community through feed, reels, stories, groups, marketplace, and other; Instagram that brings people closer through Instagram feed, stories, reels, live, and messaging; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; Meta AI, an assistant that's available across apps, as a stand-alone app, on AI glasses, and on the web; Threads, an application for text-based updates and public conversations; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact. The RL segment provides virtual and augmented reality products, including consumer hardware, software, and content that help people feel connected, as well as Meta Quest devices that enable social experiences across gaming, fitness, entertainment, and more. The segment also includes wearables such as AI glasses like Ray Ban Meta and Oakley Meta glasses; and the Meta Ray Ban Display, which combines AI glasses with an integrated lens display and the Meta Neural Band, a wrist worn device using electromyography that lets people control their AI glasses through neuromuscular signals. Meta Platforms, Inc. has a collaboration with Microsoft Corporation, NVIDIA Corporation, Advanced Micro Devices, Inc., Broadcom Inc., and OpenAI, L.L.C. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. The company was incorporated in 2004 and is headquartered in Menlo Park, California.

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▼ Acciones|MICROSOFT CORP

Goes from 2.71% to 2.35%.

Microsoft Corporation, a technology company, develops and supports a portfolio of technology solutions for individuals and businesses worldwide. It operates through three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Microsoft 365 Commercial, Enterprise Mobility + Security, Power BI, Exchange, SharePoint, Microsoft Teams, Microsoft 365 Security and Compliance, Microsoft 365 Copilot, and Windows Commercial on-premises and Office licensed on-premises. This segment also provides Microsoft 365 Consumer products and cloud services; LinkedIn, including talent solutions, marketing solutions, subscriptions, and sales solutions; Dynamics 365, a set of cloud-based applications; and on-premises ERP and CRM applications. The Intelligent Cloud segment offers server products and cloud services; cloud and AI consumption-based services, GitHub cloud services, health and life sciences cloud services, as well as virtual desktop offerings, and other cloud services; SQL Server, Windows Server, Visual Studio, System Center, and related client access licenses; and enterprise support services, industry solutions, Microsoft partner network, and learning experience. The More Personal Computing segment provides Windows OEM licensing and devices comprising Surface and PC accessories; XBOX hardware, and XBOX first- and third-party content and services; XBOX Game Pass and other subscriptions; XBOX Cloud Gaming, advertising, and other cloud services; and search advertising consisting of Bing, Copilot, Microsoft News, Microsoft Edge, and third-party affiliates. It sells its products through partners and retail networks. The company was founded in 1975 and is headquartered in Redmond, Washington.

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▼ ESTADO USA

Goes from 3.06% to 2.74%.

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▼ BNP PARIBA

Goes from 1.64% to 1.39%.

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Fixed income

Declared FI exposure
3.1 M €
% of portfolio
6.9%
Positions
4
Issuers
1
Sovereign: 1.2 M € Corporate: -0 € Repos / treasury management: 1.9 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.

2-5 years · 100.0%
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 0 0 € 0.0%
2-5 years 1 1.2 M € 100.0%
5-10 years 0 0 € 0.0%
> 10 years 0 0 € 0.0%
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 1 1.2 M € 2028-10-31

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
US91282CJF95 United States Treasury 2.44% 2028-10-31 1.2 M €

Currencies

Fixed-income exposure by instrument currency.

Currency Exposure %
EUR 1.9 M € 60.4%
USD 1.2 M € 39.6%

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: 1 Exits not explained by maturity: 0
◦ ESTADO USA

Leaves the portfolio; it was 2.96% 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.