Fund page

JB INVERSIONES, FI

Manager

JULIUS BAER GESTION, SGIIC, S.A. See the CNMV manager universe →

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.

Company Type Country Weight Price

ACCIONES|ISHARES PHYSICAL GOLD ETC IE00B4ND3602 · USD Renta Variable Cotizada IE 6.02% —

SPAIN LETRAS DEL TESORO ES0L02601166 · EUR Deuda Publica Cotizada Memos 1 Anio ES 2.60% —

TESORO DE FRANCI FR001400QMF9 · EUR Deuda Publica Cotizada Mas 1 Anio FR 1.51% —

TELEFONICA EUROP XS2056371334 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.44% —

ACCIONES|JPMORGAN CHASE AND CO US46625H1005 · USD Renta Variable Cotizada US 1.30% —

ACCIONES|ALPHABET INC - CL C US02079K1079 · USD Renta Variable Cotizada US 1.30% —

BARCLAYS BANK PL XS2662538425 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.13% —

ANGLO AMERICAN C XS2536431617 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.12% —

TELEFONICA EMISI XS2722162315 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.08% —

ACCIONES|MICROSOFT CORP US5949181045 · USD Renta Variable Cotizada US 1.06% 483.24 USD

CARREFOUR FR001400SID8 · EUR Renta Fija Cotizada Mas 1 Anio FR 1.05% —

ACCIONES|NVIDIA CORP US67066G1040 · USD Renta Variable Cotizada US 1.03% —

SANDOZ FINANCE B XS2715941949 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.02% —

ACCIONES|AMAZON.COM INC US0231351067 · USD Renta Variable Cotizada US 0.97% —

ACCIONES|APPLE INC US0378331005 · USD Renta Variable Cotizada US 0.95% —

BANQUE FEDERAL D FR001400LWN3 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.93% —

GENERAL MOTORS C XS2125145867 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.90% —

BP CAPITAL MARKE XS2620585658 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.90% —

UNIBAIL RODAMCO FR001400SIM9 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.89% —

DUKE ENERGY CORP XS2800020112 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.88% —

ING GROEP NV XS2891742731 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.88% —

CIE DE ST GOBAIN XS2874384279 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.88% —

BNP PARIBAS FR001400WLJ1 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.88% —

IHG FINANCE LLC XS2909822517 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.87% —

ACCOR SA FR0014012B88 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.87% —

BRENNTAG FINANCE XS3193854281 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.86% —

NATURGY FINANCE XS2908178119 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.86% —

ACCIONES|VISA INC US92826C8394 · USD Renta Variable Cotizada US 0.81% —

HEIDELBERGCEMENT XS2721465271 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.76% —

ACCIONES|ASML HOLDING NV (HOLANDA) NL0010273215 · EUR Renta Variable Cotizada NL 0.72% —

BNP PARIBAS USF1R15XK771 · USD Renta Fija Cotizada Mas 1 Anio US 0.64% —

ACCIONES|NESTLE, S.A. CH0038863350 · CHF Renta Variable Cotizada CH 0.59% —

ACCIONES|DANAHER CORP US2358511028 · USD Renta Variable Cotizada US 0.59% —

BANCO SANTANDER XS2817323749 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.56% —

ACCIONES|CONOCOPHILLIPS US20825C1045 · USD Renta Variable Cotizada US 0.55% —

ACCIONES|WAL-MART US9311421039 · USD Renta Variable Cotizada US 0.53% —

ACCIONES|LVMH MOET-HENNESSY FR0000121014 · EUR Renta Variable Cotizada FR 0.52% —

ACCIONES|IBM INTL FINANCE NV US4592001014 · USD Renta Variable Cotizada US 0.51% —

ACCIONES|PROGRESSIVE CORP US7433151039 · USD Renta Variable Cotizada US 0.50% —

ACCIONES|SIEMENS N DE0007236101 · EUR Renta Variable Cotizada DE 0.49% —

ACCIONES|ABBOTT LABORATORIES US0028241000 · USD Renta Variable Cotizada US 0.49% —

ENGIE SA FR0014000RR2 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.49% —

ACCIONES|SCHNEIDER ELECTRIC SA FR0000121972 · EUR Renta Variable Cotizada FR 0.48% —

ACCIONES|S&P GLOBAL INC US78409V1044 · USD Renta Variable Cotizada US 0.47% —

ACCIONES|ELI LILLY US5324571083 · USD Renta Variable Cotizada US 0.47% —

REWE INT FINANCE XS2679898184 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.47% —

ACCIONES|NOVO NORDISK A/S DK0062498333 · DKK Renta Variable Cotizada DK 0.46% —

ACCIONES|ZENECA GB0009895292 · GBP Renta Variable Cotizada GB 0.46% —

ACCIONES|FACEBOOK INC US30303M1027 · USD Renta Variable Cotizada US 0.45% 549.90 USD

ACCIONES|CISCO SYSTEMS INC US17275R1023 · USD Renta Variable Cotizada US 0.45% —

IBERDROLA INTERN XS2244941063 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.43% —

CAIXABANK,S.A. ES0840609046 · EUR Renta Fija Cotizada Mas 1 Anio ES 0.39% —

ACCIONES|BROADCOM CORPORATION US11135F1012 · USD Renta Variable Cotizada US 0.38% —

ACCIONES|HONEYWELL INTERNATIONAL INC US4385161066 · USD Renta Variable Cotizada US 0.37% —

ACCIONES|PROCTER AND GAMBLE CO/THE US7427181091 · USD Renta Variable Cotizada US 0.35% —

LA BANQUE POSTAL FR0013461795 · EUR Renta Fija Cotizada Menos 1 Anio FR 0.35% —

CREDIT AGRICOLE FR0013533999 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.35% —

ACCIONES|NETFLIX INC US64110L1061 · USD Renta Variable Cotizada US 0.34% —

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 9 Exits: 7 Increases: 2 Cuts: 4

+ SPAIN LETRAS DEL TESORO

Enters the portfolio at 2.60% weight.

View company page →

+ ACCOR SA

Enters the portfolio at 0.87% weight.

View company page →

+ BRENNTAG FINANCE

Enters the portfolio at 0.86% weight.

View company page →

+ NATURGY FINANCE

Enters the portfolio at 0.86% weight.

View company page →

+ ACCIONES|IBM INTL FINANCE NV

Enters the portfolio at 0.51% weight.

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+ ACCIONES|SCHNEIDER ELECTRIC SA

Enters the portfolio at 0.48% weight.

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+ ACCIONES|ZENECA

Enters the portfolio at 0.46% weight.

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+ ACCIONES|CISCO SYSTEMS INC

Enters the portfolio at 0.45% weight.

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+ ACCIONES|BROADCOM CORPORATION

Enters the portfolio at 0.38% weight.

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− TESORO DE FRANCIA

Leaves the portfolio; it was 1.21% of weight.

− AXA

Leaves the portfolio; it was 0.81% of weight.

− BBVA-BBV

Leaves the portfolio; it was 0.80% of weight.

− BANK OF AMERICA

Leaves the portfolio; it was 0.75% of weight.

− ACCIONES|TEXAS INSTRUMENTS INC

Leaves the portfolio; it was 0.73% of weight.

− SOCIETE GENERALE

Leaves the portfolio; it was 0.63% of weight.

− HSBC HOLDINGS

Leaves the portfolio; it was 0.49% of weight.

▲ ACCIONES|ISHARES PHYSICAL GOLD ETC

Goes from 4.95% to 6.02%.

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▲ ACCIONES|ALPHABET INC - CL C

Goes from 0.79% to 1.30%.

View company page →

▼ ACCIONES|SIEMENS N

Goes from 1.05% to 0.49%.

View company page →

▼ ACCIONES|S&P GLOBAL INC

Goes from 0.98% to 0.47%.

View company page →

▼ HEIDELBERGCEMENT

Goes from 1.23% to 0.76%.

View company page →

▼ ACCIONES|NOVO NORDISK A/S

Goes from 0.68% to 0.46%.

View company page →

Fixed income

Declared FI exposure

29.9 M €

% of portfolio

26.0%

Positions

Issuers

Sovereign: 4.7 M € Corporate: 25.1 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.

9% 25% 49% 10%

Matured or ≤3 months · 5.1%3-6 months · 1.3%1-2 years · 9.3%2-5 years · 25.4%5-10 years · 48.8%Unknown · 10.0%

Maturity Positions Exposure %

Matured or ≤3 months 2 1.5 M € 5.1%

3-6 months 1 399,953 € 1.3%

6-12 months 0 0 € 0.0%

1-2 years 3 2.8 M € 9.3%

2-5 years 9 7.6 M € 25.4%

5-10 years 13 14.6 M € 48.8%

> 10 years 0 0 € 0.0%

Unknown 1 3.0 M € 10.0%

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 1 3.0 M € —

BNP PARIBAS SA Corporate 2 1.7 M € 2027-11-15

République Française Sovereign 1 1.7 M € 2034-11-25

TELEFONICA EUROP Corporate 1 1.7 M € 2027-06-24

BARCLAYS BANK PL Corporate 1 1.3 M € 2030-08-08

ANGLO AMERICAN C Corporate 1 1.3 M € 2032-09-21

TELEFONICA EMISI Corporate 1 1.2 M € 2033-11-21

CARREFOUR Corporate 1 1.2 M € 2032-10-17

SANDOZ FINANCE B Corporate 1 1.2 M € 2033-11-17

BANQUE FEDERAL D Corporate 1 1.1 M € 2031-11-10

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

ES0L02601166 Reino de España — — 3.0 M €

FR001400QMF9 République Française 3.00% 2034-11-25 1.7 M €

XS2056371334 TELEFONICA EUROP 2.88% 2027-06-24 1.7 M €

XS2662538425 BARCLAYS BANK PL 4.92% 2030-08-08 1.3 M €

XS2536431617 ANGLO AMERICAN C 4.75% 2032-09-21 1.3 M €

XS2722162315 TELEFONICA EMISI 4.18% 2033-11-21 1.2 M €

FR001400SID8 CARREFOUR 3.62% 2032-10-17 1.2 M €

XS2715941949 SANDOZ FINANCE B 4.50% 2033-11-17 1.2 M €

FR001400LWN3 BANQUE FEDERAL D 4.75% 2031-11-10 1.1 M €

XS2125145867 GENERAL MOTORS C 0.85% 2026-02-26 1.0 M €

Currencies

Fixed-income exposure by instrument currency.

Currency Exposure %

EUR 29.1 M € 97.5%

USD 736,935 € 2.5%

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: 4 Exits at maturity: 1 Exits not explained by maturity: 5

+ SPAIN LETRAS DEL TESORO

Enters the portfolio at 2.60% weight.

+ ACCOR SA

Enters the portfolio at 0.87% weight.

+ BRENNTAG FINANCE

Enters the portfolio at 0.86% weight.

+ NATURGY FINANCE

Enters the portfolio at 0.86% weight.

− TESORO DE FRANCIA

Leaves the portfolio; it was 1.21% of weight.

− BBVA-BBV

Leaves the portfolio; it was 0.80% of weight.

− BANK OF AMERICA

Leaves the portfolio; it was 0.75% of weight.

− SOCIETE GENERALE

Leaves the portfolio; it was 0.63% of weight.

− HSBC HOLDINGS

Leaves the portfolio; it was 0.49% of weight.

◦ AXA

Leaves the portfolio; it was 0.81% 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.