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KALAHARI, FI

Category
Latest period
H2 2025
Positions
29

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.

29
Company Type Country Weight Price
Letras ESTADO ESPAÑOL ES0L02608070 · EUR Deuda Publica Cotizada Memos 1 Anio ES 6.40%
Letras ESTADO ESPAÑOL ES0L02609045 · EUR Deuda Publica Cotizada Memos 1 Anio ES 6.05%
Letras ESTADO ESPAÑOL ES0L02602065 · EUR Deuda Publica Cotizada Memos 1 Anio ES 5.00%
Acciones BBVA S.A. ES0113211835 · EUR Renta Variable Cotizada ES 4.88%
Acciones CAIXABANK ES0140609019 · EUR Renta Variable Cotizada ES 4.49%
Acciones Solaria Energia y Medio Ambiente SA ES0165386014 · EUR Renta Variable Cotizada ES 4.28%
Letras ESTADO ESPAÑOL ES0L02607106 · EUR Deuda Publica Cotizada Memos 1 Anio ES 4.27%
Acciones INDRA SISTEMAS, S.A. ES0118594417 · EUR Renta Variable Cotizada ES 3.96%
Acciones Grenergy Renovables ES0105079000 · EUR Renta Variable Cotizada ES 3.70%
Bonos ESTADO ESPAÑOL ES00000127Z9 · EUR Deuda Publica Cotizada Memos 1 Anio ES 3.63%
Letras ESTADO ESPAÑOL ES0L02605084 · EUR Deuda Publica Cotizada Memos 1 Anio ES 3.56%
Acciones Neinor Homes, S.L.U. ES0105251005 · EUR Renta Variable Cotizada ES 3.40%
Acciones UNICAJA BANCO SA ES0180907000 · EUR Renta Variable Cotizada ES 2.83%
Acciones BANCO SANTANDER S.A. ES0113900J37 · EUR Renta Variable Cotizada ES 2.79%
Acciones BANKINTER S.A. ES0113679I37 · EUR Renta Variable Cotizada ES 2.55%
Acciones International Consolidated Airlines ES0177542018 · EUR Renta Variable Cotizada ES 2.54%
Acciones ACERINOX SA ES0132105018 · EUR Renta Variable Cotizada ES 2.45% 17.15 EUR
Acciones Merlin Properties Socimi SA ES0105025003 · EUR Renta Variable Cotizada ES 2.33% 14.10 EUR
Acciones ACCIONA SA ES0105563003 · EUR Renta Variable Cotizada ES 2.27% 20.78 EUR
Acciones Allfunds Group PLC GB00BNTJ3546 · EUR Renta Variable Cotizada GB 2.19% 8.95 EUR
Acciones CIE AUTOMOTIVE SA ES0105630315 · EUR Renta Variable Cotizada ES 2.18%
Acciones SOL MELIA,S.A. ES0176252718 · EUR Renta Variable Cotizada ES 2.02% 10.13 EUR
Acciones SACYR VALLEHERMOSO, S.A. ES0182870214 · EUR Renta Variable Cotizada ES 2.01% 4.29 EUR
Acciones GESTAMP AUTOMOCION SA ES0105223004 · EUR Renta Variable Cotizada ES 1.90% 2.92 EUR
Acciones Banco Sabadell ES0113860A34 · EUR Renta Variable Cotizada ES 1.85%
Acciones INMOBILIARIA COLONIAL, S.A. ES0139140174 · EUR Renta Variable Cotizada ES 1.61% 5.47 EUR
Acciones Metrovacesa, SA ES0105122024 · EUR Renta Variable Cotizada ES 1.54%
Acciones TUBACEX,S.A. ES0132945017 · EUR Renta Variable Cotizada ES 1.51% 2.97 EUR
Acciones HBX Group International PLC GB00BNXJB679 · EUR Renta Variable Cotizada GB 1.33%

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 3 Exits: 4 Increases: 8 Cuts: 8
+ Letras ESTADO ESPAÑOL

Enters the portfolio at 6.40% weight.

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+ Letras ESTADO ESPAÑOL

Enters the portfolio at 6.05% weight.

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+ Letras ESTADO ESPAÑOL

Enters the portfolio at 4.27% weight.

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− Letras ESTADO ESPAÑOL

Leaves the portfolio; it was 7.22% of weight.

− Letras ESTADO ESPAÑOL

Leaves the portfolio; it was 7.19% of weight.

− Letras ESTADO ESPAÑOL

Leaves the portfolio; it was 5.47% of weight.

− Bonos ESTADO ESPAÑOL

Leaves the portfolio; it was 5.22% of weight.

▲ Acciones BBVA S.A.

Goes from 2.10% to 4.88%.

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▲ Acciones Solaria Energia y Medio Ambiente SA

Goes from 2.74% to 4.28%.

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▲ Letras ESTADO ESPAÑOL

Goes from 4.20% to 5.00%.

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▲ Acciones CAIXABANK

Goes from 3.73% to 4.49%.

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▲ Acciones Grenergy Renovables

Goes from 3.12% to 3.70%.

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▲ Acciones BANCO SANTANDER S.A.

Goes from 2.29% to 2.79%.

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▲ Acciones UNICAJA BANCO SA

Goes from 2.41% to 2.83%.

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▲ Acciones INDRA SISTEMAS, S.A.

Goes from 3.55% to 3.96%.

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▼ Acciones Banco Sabadell

Goes from 3.46% to 1.85%.

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▼ Acciones HBX Group International PLC

Goes from 2.27% to 1.33%.

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▼ Acciones TUBACEX,S.A.

Goes from 2.25% to 1.51%.

Tubacex, S.A., together with its subsidiaries, engages in the manufacturing and sale of stainless steel and nickel tubes in Spain and internationally. The company provides seamless stainless steel tubes, including CRA OCTG tubing and casing; aerospace, space exploration, and defense tubing; hydraulic and instrumentation tubing; heat exchanger tubing; subsea umbilicals; and medium and high pressure tubes, as well as machined components, including downhole mills, impellers, spiral mills, reamer, shoes, stabilizers, sensors, spools, bladed noses, float subs, and cross-overs. It also offers round bars, billets, and ingots; fittings, and special and machined components, such as butt-welding fittings, tube bends, elbows, tees, reducers and caps; Tubacoat, a ceramic coating for long steel and high-nickel alloy products; non-magnetic steel components; and instrumentation tubes, hydraulic tubes, exchanger tubes, isometric tubes, and piping. In addition, the company provides design and simulation, and logistic services; and added-value services comprising shotpeening, connection threading, bending, cutting, machining and bevelling, welding, overlay, preassemblies, marking, finning, studding, polishing, grooving, lab testing, packaging, and storage services. Further, it offers tube marketing, real estate, pipe rental, consulting and advisory, and research and development services. The company serves chemical and petrochemical, low carbon, power generation, electronics equipment, new technologies, oil and gas exploration and production, fertilizer, aerospace, hydrocarbon processing, and other industries. Tubacex, S.A. was incorporated in 1963 and is headquartered in Llodio, Spain.

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▼ Bonos ESTADO ESPAÑOL

Goes from 4.28% to 3.63%.

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▼ Letras ESTADO ESPAÑOL

Goes from 4.20% to 3.56%.

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▼ Acciones Metrovacesa, SA

Goes from 2.06% to 1.54%.

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▼ Acciones INMOBILIARIA COLONIAL, S.A.

Goes from 2.08% to 1.61%.

Colonial SFL, Socimi S. A. is the leading platform in Europe's prime commercial real estate market, with a presence in the main business districts of Barcelona, Madrid and Paris. It owns a unique portfolio of commercial properties totaling more than 1 million sqm, with a market value exceeding 12.0 billion euros. The Group follows a dedicated long-term strategy focused on value creation through a high-quality client portfolio and asset appreciation. Looking ahead, Colonial SFL will continue to lead the urban transformation of city centres in the European market, recognized for its expertise and professionalism, financial strength and profitability, while delivering outstanding sustainable real estate solutions tailored to client's needs.

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▼ Acciones GESTAMP AUTOMOCION SA

Goes from 2.15% to 1.90%.

Gestamp Automoción, S.A. designs, develops, and manufactures metal components for the automotive industry in Western Europe, Eastern Europe, Mercosur, North America, and Asia. The company offers body-in-white products, large components and assembly parts, such as bonnets, roofs, doors, and mudguards, as well as other surface and assembly parts for use in creation of visible exterior skin of vehicles; and structural and crash-related elements, including floors, pillars, rails, and wheel arches. It also provides chassis parts comprising under body of vehicles and includes systems, frames and related parts, such as front and rear axles and couplings, control arms, and integrated couplings; hinges, door checks, electrical systems, and powered systems. In addition, the company offers hydraulic presses and dies in the areas of hot stamping, cold stamping, hydroforming, and try out of tools. Further, it serves vehicle manufacturers. Gestamp Automoción, S.A. was incorporated in 1997 and is headquartered in Madrid, Spain. Gestamp Automoción, S.A. is a subsidiary of Gestamp 2020, S.L.

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Fixed income

Declared FI exposure
4.0 M €
% of portfolio
28.9%
Positions
6
Issuers
1
Sovereign: 4.0 M € 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.

Matured or ≤3 months · 17.3%3-6 months · 24.9%6-12 months · 57.9%
Maturity Positions Exposure %
Matured or ≤3 months 1 688,795 € 17.3%
3-6 months 2 990,404 € 24.9%
6-12 months 3 2.3 M € 57.9%
1-2 years 0 0 € 0.0%
2-5 years 0 0 € 0.0%
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
Reino de España Sovereign 6 4.0 M € 2026-02-06

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
ES0L02608070 Reino de España 0.00% 2026-08-07 882,243 €
ES0L02609045 Reino de España 0.00% 2026-09-04 834,751 €
ES0L02602065 Reino de España 0.00% 2026-02-06 688,795 €
ES0L02607106 Reino de España 0.00% 2026-07-10 588,788 €
ES00000127Z9 Reino de España 1.95% 2026-04-30 499,997 €
ES0L02605084 Reino de España 0.00% 2026-05-08 490,407 €

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: 3 Exits at maturity: 4 Exits not explained by maturity: 0
+ Letras ESTADO ESPAÑOL

Enters the portfolio at 6.40% weight.

+ Letras ESTADO ESPAÑOL

Enters the portfolio at 6.05% weight.

+ Letras ESTADO ESPAÑOL

Enters the portfolio at 4.27% weight.

◦ Letras ESTADO ESPAÑOL

Leaves the portfolio; it was 7.22% of weight.

◦ Letras ESTADO ESPAÑOL

Leaves the portfolio; it was 7.19% of weight.

◦ Letras ESTADO ESPAÑOL

Leaves the portfolio; it was 5.47% of weight.

◦ Bonos ESTADO ESPAÑOL

Leaves the portfolio; it was 5.22% 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.