Manager
INTERMONEY GESTION, S.G.I.I.C., S.A.
See the CNMV manager universe →
Fund page
HIGH RATE, FI
Category
—
Latest period
H2 2025
Positions
103
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.
103
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 29
Exits: 31
Increases: 11
Cuts: 5
+ ACCIONES|Carrefour
Enters the portfolio at 1.65% weight.
Carrefour SA operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally. The company operates hypermarkets, supermarkets, convenience stores, club stores, and cash and carry stores; soft discount stores; and e-commerce sites. It is also involved in the provision of financial services; banking and insurance services; property development; travel ticketing and leisure; agency; shopping mall rental; and franchise activities. Carrefour SA was founded in 1959 and is headquartered in Massy, France.
View company page →+ ACCIONES|Golar
Enters the portfolio at 0.46% weight.
Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates in two segments, FLNG, and Corporate and Other. It engages in the regasification, storage, and liquefied natural gas (LNG) carrier transportation operations; operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities. The company was founded in 1946 and is headquartered in Hamilton, Bermuda.
View company page →− TREASURY BILL
Leaves the portfolio; it was 17.07% of weight.
− ACCIONES|BP Amoco
Leaves the portfolio; it was 1.80% of weight.
BP p.l.c., an integrated energy company, engages in the oil and gas business worldwide. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, marketing, and trading activities, as well as solar, wind, and hydrogen businesses. The company also offers aviation fuel products and services, such as jet fuel; aviation gasoline; UL91 aviation fuel; and sustainable aviation fuel. In addition, it engages in the convenience and retail fuel; EV charging; Castrol lubricants and fluids; B2B; midstream; crude oil production; refining and oil trading; and bioenergy businesses. The company was founded in 1908 and is headquartered in London, the United Kingdom.
− ACCIONES|Viatris Inc
Leaves the portfolio; it was 1.76% of weight.
Viatris Inc., together with its subsidiaries, operates as a healthcare company in North America, Europe, China, Taiwan, Hong Kong, Japan, Australia, New Zealand, rest of Asia, Africa, Latin America, and the Middle East. It operates in four segments: Developed Markets, Greater China, JANZ, and Emerging Markets. The company offers prescription brand drugs, generic drugs, complex generic drugs, and biosimilars. It also provides drugs in various therapeutic areas covering various noncommunicable and infectious diseases, including cardiovascular, CNS and anesthesia, dermatology, diabetes and metabolism, eye care, gastroenterology, immunology, oncology, and respiratory and allergy, as well as support services, such as diagnostic clinics, educational seminars, and digital tools to help patients better manage their health. In addition, the company offers medicines in the form of oral solid doses, injectables, and complex dosage forms to retail and pharmacy establishments, wholesalers and distributors, payers, insurers and governments, and institutions. It distributes its products through pharmaceutical wholesalers/distributors, pharmaceutical retailers, institutional pharmacies, mail-order and e-commerce pharmacies, and specialty pharmacies under the Lyrica, Lipitor, Celebrex, Viagra, Creon, Influvac, Wixela Inhub, EpiPen Auto-Injector, Fraxiparine, Yupelri, Norvasc, Amitiza, Effexor, Lipacreon, Zoloft, Xalabrands, Dymista, Xanax, and Breyna brands. The company has collaboration agreements with Mapi Pharma Ltd. to develop and commercialize long-acting glatiramer acetate depot products and additional products; Revance Therapeutics, Inc. to develop, manufacture, and commercialize a biosimilar to the branded biologic product, BOTOX; and Theravance Biopharma, Inc. to develop and commercialize revefenacin. Viatris Inc. was founded in 1961 and is headquartered in Canonsburg, Pennsylvania.
View company page →− ACCIONES|Louis Vuitton
Leaves the portfolio; it was 1.25% of weight.
− COMMERZBANK AG
Leaves the portfolio; it was 1.12% of weight.
− ACCIONES|LVegasS
Leaves the portfolio; it was 1.04% of weight.
− ACCIONES|Pax Global Technolog
Leaves the portfolio; it was 0.81% of weight.
− ACCIONES|Accs. CXS Corp
Leaves the portfolio; it was 0.78% of weight.
− QUILTER PLC
Leaves the portfolio; it was 0.70% of weight.
− BARCLAYS
Leaves the portfolio; it was 0.61% of weight.
− PIRAEUS FINANCIAL HL
Leaves the portfolio; it was 0.57% of weight.
− ACCIONES|Wabash National Corp
Leaves the portfolio; it was 0.44% of weight.
− ams-OSRAM AG
Leaves the portfolio; it was 0.37% of weight.
− ACCIONES|Unilever PLC
Leaves the portfolio; it was 0.36% of weight.
− COMMERZBANK AG
Leaves the portfolio; it was 0.35% of weight.
− IBERCAJA BANCO SA
Leaves the portfolio; it was 0.31% of weight.
− ADECOAGRO SA
Leaves the portfolio; it was 0.30% of weight.
− Maxam Corp
Leaves the portfolio; it was 0.29% of weight.
− EIRCOM FINANCE DAC
Leaves the portfolio; it was 0.27% of weight.
− DIG HLDNG/DIG FIN/DI
Leaves the portfolio; it was 0.25% of weight.
− ATLANTIA SPA
Leaves the portfolio; it was 0.24% of weight.
− LLOYDS BANKING GROUP
Leaves the portfolio; it was 0.24% of weight.
− Softb
Leaves the portfolio; it was 0.23% of weight.
− FRESENIUS MED CARE I
Leaves the portfolio; it was 0.19% of weight.
− INTERNATIONAL PETROL
Leaves the portfolio; it was 0.17% of weight.
− BLACKSTONE HOLDINGS
Leaves the portfolio; it was 0.12% of weight.
− Brooge Petro
Leaves the portfolio; it was 0.08% of weight.
− ACCIONES|AM Locales Property
Leaves the portfolio; it was 0.05% of weight.
− ACCIONES|Atos
Leaves the portfolio; it was 0.01% of weight.
− Odebrecht Ovrsea Ltd
Leaves the portfolio; it was -0.01% of weight.
− OEC Finance
Leaves the portfolio; it was -0.12% of weight.
▲ ACCIONES|Schlumberger
Goes from 1.37% to 1.75%.
SLB N.V. engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; stimulation services to restore or enhance well productivity through hydraulic fracturing, matrix stimulation, and water treatment; and intervention services to oil and gas operators. In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services. Further, it provides artificial lift; supplies packers, safety valves, sand control technology, and various intelligent systems; midstream production systems; valves, chokes, actuators, and surface trees; and OneSubsea, an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. SLB N.V. was formerly known as Schlumberger Limited and change its name to SLB N.V. in October 2025. The company was founded in 1926 and is based in Houston, Texas.
View company page →Fixed income
Declared FI exposure
18.5 M €
% of portfolio
26.8%
Positions
58
Issuers
52
Sovereign: 3.7 M €
Corporate: 14.8 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.
Matured or ≤3 months · 9.2%3-6 months · 1.8%6-12 months · 2.5%1-2 years · 24.5%2-5 years · 17.7%5-10 years · 7.1%> 10 years · 37.1%
Maturity
Positions
Exposure
%
Matured or ≤3 months
1
1.7 M €
9.2%
3-6 months
1
334,958 €
1.8%
6-12 months
2
465,708 €
2.5%
1-2 years
9
4.5 M €
24.5%
2-5 years
16
3.3 M €
17.7%
5-10 years
7
1.3 M €
7.1%
> 10 years
22
6.9 M €
37.1%
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
Varia Structured Opp
Corporate
1
2.4 M €
2027-06-30
United States Treasury
Sovereign
2
2.2 M €
2026-02-28
Mitsubishi Bank
Corporate
1
1.1 M €
2050-12-15
Varia Investments Op
Corporate
1
811,468 €
2027-12-31
STANDARD PROFIL AUTO
Corporate
2
639,074 €
2030-01-01
ATHORA NETHERLANDS
Corporate
1
622,363 €
2048-11-18
INTESA SANPAOLO SPA
Corporate
1
606,445 €
2048-09-01
ROMANIA
Sovereign
2
583,588 €
2032-05-30
UNITED KINGDOM GILT
Sovereign
2
580,914 €
2045-01-22
Ecopetrol SA
Corporate
2
473,592 €
2033-01-13
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
XS2570297510 Varia Structured Opp
-9.03%
2027-06-30
2.4 M €
US91282CKB62 United States Treasury
4.63%
2026-02-28
1.7 M €
XS0413650218 Mitsubishi Bank
6.55%
2050-12-15
1.1 M €
XS2703727086 Varia Investments Op
10.00%
2027-12-31
811,468 €
XS2929365083 ATHORA NETHERLANDS
6.75%
2048-11-18
622,363 €
XS2223762381 INTESA SANPAOLO SPA
5.50%
2048-09-01
606,445 €
US91282CMD01 United States Treasury
4.38%
2029-12-31
524,202 €
XS3188679412 STANDARD PROFIL AUTO
8.50%
2030-01-01
456,541 €
ES0244251049 IBERCAJA BANCO SA
4.13%
2036-08-18
402,855 €
GB00BMBL1D50 UNITED KINGDOM GILT
0.50%
2061-10-22
397,693 €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
EUR
11.8 M €
63.6%
USD
5.4 M €
29.2%
GBP
1.1 M €
5.9%
CHF
244,383 €
1.3%
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: 12
Exits at maturity: 3
Exits not explained by maturity: 18
+ US TREASURY N/B
Enters the portfolio at 2.47% weight.
+ ATHORA NETHERLANDS
Enters the portfolio at 0.90% weight.
+ STANDARD PROFIL AUTO
Enters the portfolio at 0.66% weight.
+ IBERCAJA BANCO SA
Enters the portfolio at 0.58% weight.
+ ROMANIA
Enters the portfolio at 0.44% weight.
+ AMPER SA
Enters the portfolio at 0.29% weight.
+ STANDARD PROFIL AUTO
Enters the portfolio at 0.26% weight.
+ INEOS FINANCE PLC
Enters the portfolio at 0.25% weight.
+ BRASKEM NETHERLANDS
Enters the portfolio at 0.22% weight.
+ MC BRAZIL DWNSTRM
Enters the portfolio at 0.19% weight.
+ TVL FINANCE PLC
Enters the portfolio at 0.17% weight.
+ LCPR SR SECURED FIN
Enters the portfolio at 0.15% weight.
− COMMERZBANK AG
Leaves the portfolio; it was 1.12% of weight.
− QUILTER PLC
Leaves the portfolio; it was 0.70% of weight.
− PIRAEUS FINANCIAL HL
Leaves the portfolio; it was 0.57% of weight.
− ams-OSRAM AG
Leaves the portfolio; it was 0.37% of weight.
− COMMERZBANK AG
Leaves the portfolio; it was 0.35% of weight.
− IBERCAJA BANCO SA
Leaves the portfolio; it was 0.31% of weight.
− ADECOAGRO SA
Leaves the portfolio; it was 0.30% of weight.
− Maxam Corp
Leaves the portfolio; it was 0.29% of weight.
− EIRCOM FINANCE DAC
Leaves the portfolio; it was 0.27% of weight.
− DIG HLDNG/DIG FIN/DI
Leaves the portfolio; it was 0.25% of weight.
− ATLANTIA SPA
Leaves the portfolio; it was 0.24% of weight.
− LLOYDS BANKING GROUP
Leaves the portfolio; it was 0.24% of weight.
− Softb
Leaves the portfolio; it was 0.23% of weight.
− FRESENIUS MED CARE I
Leaves the portfolio; it was 0.19% of weight.
− INTERNATIONAL PETROL
Leaves the portfolio; it was 0.17% of weight.
− BLACKSTONE HOLDINGS
Leaves the portfolio; it was 0.12% of weight.
− Odebrecht Ovrsea Ltd
Leaves the portfolio; it was -0.01% of weight.
− OEC Finance
Leaves the portfolio; it was -0.12% of weight.
◦ TREASURY BILL
Leaves the portfolio; it was 17.07% of weight.
◦ BARCLAYS
Leaves the portfolio; it was 0.61% of weight.
◦ Brooge Petro
Leaves the portfolio; it was 0.08% 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.