Manager
LORETO INVERSIONES, SGIIC, SA
See the CNMV manager universe →
Fund page
LORETO PREMIUM RENTA FIJA MIXTA, FI
Category
—
Latest period
H2 2025
Positions
116
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.
116
Company
Type
Country
Weight
Price
Acciones|VALTERRA PLATINUM LIMITED
ZAE000013181 · GBP
Renta Variable Cotizada
ZA
0.10%
149400.00 ZAc
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 34
Exits: 32
Increases: 3
Cuts: 3
+ Acciones|HEIDELBERG MATERIALS AG
Enters the portfolio at 0.22% weight.
Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components. It also offers asphalt; and trades in cement, clinker, secondary cementitious materials, solid, alternative fuels, other building materials, and additives. The company was formerly known as HeidelbergCement AG and changed its name to Heidelberg Materials AG in May 2023. Heidelberg Materials AG was founded in 1873 and is headquartered in Heidelberg, Germany.
View company page →+ Acciones|CIE FINANCIERE RICHEMONT SA
Enters the portfolio at 0.11% weight.
Compagnie Financière Richemont SA, an investment holding company, engages in the luxury goods business. The company operates through Jewellery Maisons, Specialist Watchmakers, and Other segments. It is involved in the design, manufacture, and distribution of jewelry products, precision timepieces, watches, writing instruments, clothing, and leather goods and accessories. The company provides its products under the Cartier, Van Cleef & Arpels, Vhernier, Buccellati, A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis, Vacheron Constantin, Alaïa, Chloé, Delvaux, dunhill, G/FORE, Gianvito Rossi, Montblanc, Peter Millar, Purdey, Serapian, Watchfinder&Co., TIMEVALLEE, and brand names through retail online retail, and wholesale distribution channels. It offers its products in France, the United Kingdom, Italy, Switzerland, rest of Europe, the United Arab Emirates, rest of the Middle East, Africa, China, Hong Kong, Macau, Japan, South Korea, rest of Asia, the United States, and rest of the Americas. The company was incorporated in 1979 and is headquartered in Bellevue, Switzerland.
View company page →− FRENCH REPUBLIC
Leaves the portfolio; it was 5.03% of weight.
− FRENCH REPUBLIC
Leaves the portfolio; it was 4.20% of weight.
− FRENCH REPUBLIC
Leaves the portfolio; it was 4.18% of weight.
− FRENCH REPUBLIC
Leaves the portfolio; it was 2.51% of weight.
− REPUBLIC OF ITALY
Leaves the portfolio; it was 1.70% of weight.
− FRENCH REPUBLIC
Leaves the portfolio; it was 1.68% of weight.
− ANGLO AMERICAN PLC
Leaves the portfolio; it was 0.84% of weight.
− REPSOL SA
Leaves the portfolio; it was 0.84% of weight.
− FERROVIAL SA
Leaves the portfolio; it was 0.84% of weight.
− THALES SA
Leaves the portfolio; it was 0.76% of weight.
− BANCO DE SABADELL SA
Leaves the portfolio; it was 0.68% of weight.
− ABERTIS INFRAESTRUCT
Leaves the portfolio; it was 0.66% of weight.
− ESTADO PORTUGUES
Leaves the portfolio; it was 0.43% of weight.
− BANCO BILBAO VIZCAYA
Leaves the portfolio; it was 0.42% of weight.
− REPSOL INTL FINANCE
Leaves the portfolio; it was 0.42% of weight.
− DANONE SA
Leaves the portfolio; it was 0.42% of weight.
− ENEL SPA
Leaves the portfolio; it was 0.42% of weight.
− Acciones|VALLEHERMOSO
Leaves the portfolio; it was 0.40% of weight.
Sacyr, S.A. engages in the development and operation of infrastructure concessions worldwide. It is involved in the infrastructure development, such as transportation, sanitation, water, and waste treatment; development of large-scale civil engineering, industrial transport infrastructure, and building projects; water treatment, purification, desalination, purification, and reuse, as well as operation and maintenance of facilities. The company was formerly known as Sacyr Vallehermoso S.A. and changed its name to Sacyr, S.A. in August 2013. Sacyr, S.A. is based in Madrid, Spain.
View company page →− INVITALIA
Leaves the portfolio; it was 0.38% of weight.
− Acciones|DEUTSCHE BANK AG
Leaves the portfolio; it was 0.28% of weight.
Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, the rest of Europe, the Americas, the Asia-Pacific, the Middle East, and Africa. It operates through Corporate Bank, Investment Bank, Private Bank, and Asset Management segments. The Corporate Bank segment offers cash management services, such as integrated payments and FX solutions; trade finance and lending offerings, including documentary and guarantee business, and structured trade finance and lending; and depository receipts, corporate trust, document custody, and securities services. The Investment Bank segment provides financing solutions in industries and asset classes; institutional sales, trading, and structuring in foreign exchange, rates, emerging markets, and credit trading; liquidity, market making services, and specialized risk management solutions for fixed income and currencies products; and advisory and financial products and services. This segment is also involved in the mergers and acquisitions business; and capital markets businesses in debt and equity. The Private Bank segment offers a range of payment and account services, and credit and deposit products, as well as investment advice, and postal and parcel services; and planning, managing and investing wealth, financing personal and business interests, and servicing institutional and corporate needs. The Asset Management segment provides access to investment capabilities in active and passive asset classes comprising Xtrackers range and alternatives; and access to private equity, private credit, real estate, and infrastructure. Deutsche Bank Aktiengesellschaft was incorporated in 1870 and is headquartered in Frankfurt am Main, Germany.
View company page →− Acciones|VONOVIA SE
Leaves the portfolio; it was 0.21% of weight.
− Acciones|ANHEUSER-BUSCH INBEV SA/
Leaves the portfolio; it was 0.21% of weight.
− Acciones|HERMES INTERNATIONAL SCA
Leaves the portfolio; it was 0.18% of weight.
− Acciones|DEUTSCHE BOERSE AG
Leaves the portfolio; it was 0.16% of weight.
Deutsche Börse AG operates as an international exchange organization in Germany, rest of Europe, the United States, and the Asia-Pacific. The company operates through four segments: Investment Management Solutions, Trading & Clearing, Fund Services, and Securities Services. The Investment Management Solutions segment offers financial data, analytics, and software-as-a-service solutions including research, data collection, data analysis, and the provision of indices, analytics and investment management software to institutional investors, banks, and corporate clients. The Trading & Clearing segment engages in the development and operation of markets and trading systems for securities, derivatives, commodities, currencies, digital assets, and other asset classes. This segment handles settlement of transactions through clearing houses. Its Fund Services segment provides infrastructure and services for fund processing, including order routing, settlement, custody, data and distribution support for investment funds. The Securities Services segment offers various services for securities issuance, settlement, custody as well as collateral, securities lending, and liquidity management. The company was founded in 1585 and is headquartered in Eschborn, Germany.
View company page →− Acciones|E.ON SE
Leaves the portfolio; it was 0.16% of weight.
− Acciones|DSM-FIRMENICH AG
Leaves the portfolio; it was 0.14% of weight.
− Acciones|SMITH & NEPHEW
Leaves the portfolio; it was 0.14% of weight.
− Acciones|DEUTSCHE POST AG
Leaves the portfolio; it was 0.13% of weight.
− Acciones|HBX GROUP INTERNATIONAL PLC
Leaves the portfolio; it was 0.13% of weight.
− Acciones|DISTRIBUIDORA INTERNACIONAL DE
Leaves the portfolio; it was 0.10% of weight.
Distribuidora Internacional de Alimentación, S.A. engages in the wholesale and retail of food products in Spain and Argentina. The company offers products and services through owned or franchised self-service stores. It is also involved in the distribution of food and toiletries; leasing of business premises; provision of services to suppliers. In addition, the company is involved in lending and credit operations, including consumer loans, mortgages, and financing of commercial transactions, as well as issuing and managing of credit and debit cards. Further, it engages in import, export, acquisition, distribution and wholesale, and retail sale of beverages, household goods, general, and other products for domestic use and consumption. Distribuidora Internacional de Alimentación, S.A. was incorporated in 1966 and is headquartered in Madrid, Spain.
View company page →− KION GROUP AG
Leaves the portfolio; it was 0.08% of weight.
− Acciones|COVESTRO AG
Leaves the portfolio; it was 0.06% of weight.
▲ Acciones|BARCLAYS PLC
Goes from 0.18% to 0.42%.
Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK; Barclays UK Corporate Bank; Barclays Private Bank and Wealth Management; Barclays Investment Bank; and Barclays US Consumer Bank segments. It offers financial services, such as current accounts, savings accounts, mortgages and unsecured lending, such as credit cards and loans retail banking, wholesale banking, investment banking, wealth management, and investment management services, as well as lending products. In addition, the company engages in securities dealing activities and issuing of credit cards. The company was formerly known as Barclays Bank public limited company and changed its name to Barclays PLC in January 1985. Barclays PLC was founded in 1690 and is headquartered in London, the United Kingdom.
View company page →▲ Acciones|ABN AMRO BANK NV
Goes from 0.14% to 0.35%.
ABN AMRO Bank N.V. provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking. The company offers fixed deposits; home improvement; mortgage products; investment products; and car, home travel, and legal expenses insurances. It also provides pension savings; asset-based solutions, including working capital solutions, equipment leases, equipment loans and vendor lease services, clearing services, equity brokerage services, payment and credit cards services; and internet and online banking. The company was incorporated in 2009 and is headquartered in Amsterdam, the Netherlands. ABN AMRO Bank N.V. operates as a subsidiary of Stichting Administratiekantoor Continuïteit Abn Amro Bank.
View company page →Fixed income
Declared FI exposure
96.1 M €
% of portfolio
78.7%
Positions
67
Issuers
44
Sovereign: 77.8 M €
Corporate: 18.3 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 · 16.0%3-6 months · 30.8%6-12 months · 4.8%1-2 years · 8.9%2-5 years · 29.6%5-10 years · 8.7%Unknown · 1.2%
Maturity
Positions
Exposure
%
Matured or ≤3 months
11
15.4 M €
16.0%
3-6 months
14
29.6 M €
30.8%
6-12 months
5
4.6 M €
4.8%
1-2 years
5
8.5 M €
8.9%
2-5 years
25
28.4 M €
29.6%
5-10 years
4
8.4 M €
8.7%
> 10 years
0
0 €
0.0%
Unknown
3
1.1 M €
1.2%
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
8
32.7 M €
2026-01-16
Repubblica Italiana
Sovereign
8
22.8 M €
2026-01-28
République Française
Sovereign
6
16.9 M €
2026-03-04
FEDERAL REPUBLIC OF
Sovereign
2
4.4 M €
2030-04-18
TELEFONICA EMISIONES
Corporate
1
1.2 M €
2026-01-12
Bundesrepublik Deutschland
Sovereign
1
1.0 M €
2028-04-13
BANCA MARCH
Bank
1
995,829 €
2028-11-28
FERROVIAL SE
Corporate
1
993,392 €
2026-02-23
ADIF ALTA VELOCIDAD
Corporate
1
806,565 €
2030-01-31
BANCO SANTANDER SA
Bank
1
800,130 €
2026-01-16
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
ES0000012L29 Reino de España
2.80%
2026-05-31
12.1 M €
ES0000012I08 Reino de España
0.00%
2028-01-31
8.5 M €
IT0005595803 Repubblica Italiana
1.73%
2031-07-15
5.1 M €
IT0005611055 Repubblica Italiana
1.50%
2029-10-01
5.1 M €
FR0129287258 République Française
2.11%
2026-03-04
4.0 M €
FR0129132710 République Française
2.08%
2026-04-09
4.0 M €
FR0128838515 République Française
2.05%
2026-03-25
3.0 M €
IT0005484552 Repubblica Italiana
0.55%
2027-04-01
3.0 M €
IT0005599904 Repubblica Italiana
1.73%
2027-07-15
2.6 M €
DE000BU2Z049 FEDERAL REPUBLIC OF
2.50%
2035-02-15
2.4 M €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
EUR
95.7 M €
99.5%
USD
251,333 €
0.3%
GBP
211,969 €
0.2%
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: 22
Exits at maturity: 18
Exits not explained by maturity: 1
+ FRENCH REPUBLIC
Enters the portfolio at 3.26% weight.
+ FRENCH REPUBLIC
Enters the portfolio at 1.21% weight.
+ FRENCH REPUBLIC
Enters the portfolio at 2.44% weight.
+ REPUBLIC OF ITALY
Enters the portfolio at 2.09% weight.
+ ESTADO ESPAÑOL
Enters the portfolio at 1.98% weight.
+ REPUBLIC OF ITALY
Enters the portfolio at 1.67% weight.
+ FRENCH REPUBLIC
Enters the portfolio at 1.62% weight.
+ ESTADO ESPAÑOL
Enters the portfolio at 1.62% weight.
+ ESTADO ESPAÑOL
Enters the portfolio at 1.26% weight.
+ BUONI POLIENNALI DEL
Enters the portfolio at 1.23% weight.
+ BUONI ORDINARI DEL T
Enters the portfolio at 1.22% weight.
+ FRENCH REPUBLIC
Enters the portfolio at 1.21% weight.
+ FERROVIAL SE
Enters the portfolio at 0.81% weight.
+ FRENCH REPUBLIC
Enters the portfolio at 0.81% weight.
+ PROSEGUR CASH SA
Enters the portfolio at 0.48% weight.
+ INTESA SANPAOLO SPA
Enters the portfolio at 0.41% weight.
+ ENI SPA
Enters the portfolio at 0.41% weight.
+ ABERTIS INFRAESTRUCT
Enters the portfolio at 0.41% weight.
+ BARCLAYS PLC
Enters the portfolio at 0.39% weight.
+ ALPHABET INC
Enters the portfolio at 0.33% weight.
+ CARREFOUR SA
Enters the portfolio at 0.25% weight.
+ INVITALIA
Enters the portfolio at 0.22% weight.
− BANCO DE SABADELL SA
Leaves the portfolio; it was 0.68% of weight.
◦ FRENCH REPUBLIC
Leaves the portfolio; it was 5.03% of weight.
◦ FRENCH REPUBLIC
Leaves the portfolio; it was 4.20% of weight.
◦ FRENCH REPUBLIC
Leaves the portfolio; it was 4.18% of weight.
◦ FRENCH REPUBLIC
Leaves the portfolio; it was 2.51% of weight.
◦ REPUBLIC OF ITALY
Leaves the portfolio; it was 1.70% of weight.
◦ FRENCH REPUBLIC
Leaves the portfolio; it was 1.68% of weight.
◦ ANGLO AMERICAN PLC
Leaves the portfolio; it was 0.84% of weight.
◦ REPSOL SA
Leaves the portfolio; it was 0.84% of weight.
◦ FERROVIAL SA
Leaves the portfolio; it was 0.84% of weight.
◦ THALES SA
Leaves the portfolio; it was 0.76% of weight.
◦ ABERTIS INFRAESTRUCT
Leaves the portfolio; it was 0.66% of weight.
◦ ESTADO PORTUGUES
Leaves the portfolio; it was 0.43% of weight.
◦ BANCO BILBAO VIZCAYA
Leaves the portfolio; it was 0.42% of weight.
◦ REPSOL INTL FINANCE
Leaves the portfolio; it was 0.42% of weight.
◦ DANONE SA
Leaves the portfolio; it was 0.42% of weight.
◦ ENEL SPA
Leaves the portfolio; it was 0.42% of weight.
◦ INVITALIA
Leaves the portfolio; it was 0.38% of weight.
◦ KION GROUP AG
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.