Manager
SANTANDER ASSET MANAGEMENT, S.A., SGIIC
See the CNMV manager universe →
Fund page
INVERBANSER, FI
Category
—
Latest period
H2 2025
Positions
20
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.
20
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 2
Exits: 5
Increases: 4
Cuts: 5
− UNITED STATES TR
Leaves the portfolio; it was 2.53% of weight.
− ACCIONES|UNILEVER NV
Leaves the portfolio; it was 1.15% of weight.
− ACCIONES|NEINOR HOMES SLU
Leaves the portfolio; it was 0.53% of weight.
− ACCIONES|PROCTER AND GAMBLE CO/THE
Leaves the portfolio; it was 0.32% of weight.
− ACCIONES|VERIZON COMMUNICATIONS INC
Leaves the portfolio; it was 0.06% of weight.
▲ ACCIONES|ARCELORMITTAL
Goes from 1.07% to 1.39%.
ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company also provides mining products, such as iron ore lumps, fines, concentrate, pellets, and sinter feeds; and coking coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, and distributors. The company operates iron ore mining activities in Brazil, Bosnia, Liberia, Mexico, South Africa, and Ukraine, as well as in India and in Canada. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg, Luxembourg.
View company page →▼ ACCIONES|EBRO FOODS SA
Goes from 8.19% to 7.82%.
Ebro Foods, S.A. operates as a food company in Spain, the Americas, Europe, and internationally. The company offers dry, fresh, frozen, organic, aromatic, and brown rice; premium, fresh, and filled pasta; ready-to-serve rice and pasta dishes; sauces; flours and ingredients; and canned vegetables. It sells its products under the Brillante, SOS, La Fallera, Santa Rita, La Cigala, Rocio, Santa Lucia, Arotz, Garofalo, Cigala, Bertagni, Russo, Ris-Fix, Königs Reis, Lustucru, Lassie, Tilda, Taureau Ailé, Boss, Oryza, Saludães, Mahatma, Riceland, Bosto, Adolphus, Minute, Reis-Fit, Gourmet House, Success, Risella, Herba, Blue Ribbon Rice, Casi, Pear Blossom, Rice Select, Carolina, Water Maid, River, AA, Ultimate, Wonder, Comet Rice, Peacock, Minute Rice, Colusa Rose, Kohinoor, Olivieri, Sello Rojo, In Harvest, Puroma, Miura, Abu Bint, Rix fis, and Phoenix brands. The company also engages in insurance and finance; administration; farmland concessionaire; rice farming; logistics; and investment management activities. It exports its products. The company was formerly known as Ebro Puleva, S.A. and changed its name to Ebro Foods, S.A. in June 2010. Ebro Foods, S.A. was incorporated in 1998 and is headquartered in Madrid, Spain.
View company page →▼ ACCIONES|MICROSOFT CORP
Goes from 1.77% to 1.55%.
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.
View company page →Fixed income
Declared FI exposure
480,264 €
% of portfolio
0.4%
Positions
1
Issuers
1
Sovereign: 480,264 €
Corporate: 0 €
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
480,264 €
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
Bundesrepublik Deutschland
Sovereign
1
480,264 €
2030-01-04
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
DE0001135143 Bundesrepublik Deutschland
6.25%
2030-01-04
480,264 €
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
◦ UNITED STATES TR
Leaves the portfolio; it was 2.53% 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.