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MOMENTO, FI

Category
Latest period
H2 2025
Positions
32

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.

32
Company Type Country Weight Price
BANKINTER S.A. ES0000012K61 · EUR Adquisicion Temporal Activos ES 21.04%
Bco. Cooperativo ES05133773F1 · EUR Renta Fija No Cotizada ES 5.18%
Link Securities XS3256183883 · EUR Renta Fija No Cotizada XS 5.13%
Squirrel Media SA ES0383304005 · EUR Renta Fija Cotizada Menos 1 Anio ES 3.47%
FCC XS3222576434 · EUR Renta Fija No Cotizada XS 3.44%
FCC XS3251483221 · EUR Renta Fija No Cotizada XS 3.39%
Grupo Ferrovial XS3249758536 · EUR Renta Fija No Cotizada XS 2.59%
ACCIONES|FlatexDegiro AG DE000FTG1111 · EUR Renta Variable Cotizada DE 2.42%
ACCIONES|Banco Santander S.A. ES0113900J37 · EUR Renta Variable Cotizada ES 2.31%
ACCIONES|Banco Comercial Port PTBCP0AM0015 · EUR Renta Variable Cotizada PT 2.30%
ACCIONES|ING GROUP NL0011821202 · EUR Renta Variable Cotizada NL 2.27%
ACCIONES|Nokia FI0009000681 · EUR Renta Variable Cotizada FI 2.25%
ACCIONES|Int.C.Airlines (IAG) ES0177542018 · EUR Renta Variable Cotizada ES 2.25%
ACCIONES|Siemens AG Ener DE000ENER6Y0 · EUR Renta Variable Cotizada DE 2.21%
ACCIONES|Telecom Italia IT0003497168 · EUR Renta Variable Cotizada IT 2.18%
ACCIONES|RWE DE0007037129 · EUR Renta Variable Cotizada DE 2.17%
ACCIONES|Allianz AG DE0008404005 · EUR Renta Variable Cotizada DE 2.16%
ACCIONES|ASML Holding Nv NL0010273215 · EUR Renta Variable Cotizada NL 2.15%
ACCIONES|INDITEX ES0148396007 · EUR Renta Variable Cotizada ES 2.14%
ACCIONES|Prysmian SPA IT0004176001 · EUR Renta Variable Cotizada IT 2.14%
ACCIONES|UCB SA BE0003739530 · EUR Renta Variable Cotizada BE 2.13%
ACCIONES|Ryanair Holdings PLC IE00BYTBXV33 · EUR Renta Variable Cotizada IE 2.12%
ACCIONES|Ital-Sp IT0005211237 · EUR Renta Variable Cotizada IT 2.10%
ACCIONES|Eni Spa IT0003132476 · EUR Renta Variable Cotizada IT 2.09%
ACCIONES|Total S.A FR0000120271 · EUR Renta Variable Cotizada FR 2.08%
ACCIONES|ARGENX SE NL0010832176 · EUR Renta Variable Cotizada NL 1.92%
ACCIONES|ESSILOR FR0000121667 · EUR Renta Variable Cotizada FR 1.81%
Sacyr Valleherm(B.in ES0582870O81 · EUR Renta Fija No Cotizada ES 1.72%
Sacyr Valleherm(B.in ES0582870O32 · EUR Renta Fija No Cotizada ES 1.72%
Sacyr Valleherm(B.in ES0582870O65 · EUR Renta Fija No Cotizada ES 1.72%
Grenergy Renovables, ES0505079485 · EUR Renta Fija No Cotizada ES 1.72%
FCC XS3215433080 · EUR Renta Fija No Cotizada XS 1.71%

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 25 Exits: 19 Increases: 0 Cuts: 3
+ Bco. Cooperativo

Enters the portfolio at 5.18% weight.

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+ Link Securities

Enters the portfolio at 5.13% weight.

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+ FCC

Enters the portfolio at 3.44% weight.

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+ FCC

Enters the portfolio at 3.39% weight.

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+ Grupo Ferrovial

Enters the portfolio at 2.59% weight.

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+ ACCIONES|FlatexDegiro AG

Enters the portfolio at 2.42% weight.

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+ ACCIONES|Banco Comercial Port

Enters the portfolio at 2.30% weight.

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+ ACCIONES|ING GROUP

Enters the portfolio at 2.27% weight.

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+ ACCIONES|Nokia

Enters the portfolio at 2.25% weight.

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+ ACCIONES|Siemens AG Ener

Enters the portfolio at 2.21% weight.

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+ ACCIONES|Telecom Italia

Enters the portfolio at 2.18% weight.

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+ ACCIONES|RWE

Enters the portfolio at 2.17% weight.

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+ ACCIONES|ASML Holding Nv

Enters the portfolio at 2.15% weight.

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+ ACCIONES|INDITEX

Enters the portfolio at 2.14% weight.

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+ ACCIONES|Prysmian SPA

Enters the portfolio at 2.14% weight.

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+ ACCIONES|UCB SA

Enters the portfolio at 2.13% weight.

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+ ACCIONES|Eni Spa

Enters the portfolio at 2.09% weight.

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+ ACCIONES|Total S.A

Enters the portfolio at 2.08% weight.

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+ ACCIONES|ARGENX SE

Enters the portfolio at 1.92% weight.

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+ ACCIONES|ESSILOR

Enters the portfolio at 1.81% weight.

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+ Sacyr Valleherm(B.in

Enters the portfolio at 1.72% weight.

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+ Sacyr Valleherm(B.in

Enters the portfolio at 1.72% weight.

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+ Sacyr Valleherm(B.in

Enters the portfolio at 1.72% weight.

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+ Grenergy Renovables,

Enters the portfolio at 1.72% weight.

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+ FCC

Enters the portfolio at 1.71% weight.

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− Grupo Acciona (B.Inv

Leaves the portfolio; it was 6.75% of weight.

− ELECNOR

Leaves the portfolio; it was 4.53% of weight.

− ACCIONES|Auto1 Group SE

Leaves the portfolio; it was 2.47% of weight.

− ACCIONES|Rheinmetall Ag

Leaves the portfolio; it was 2.41% of weight.

− ACCIONES|Lottomatica Group Sp

Leaves the portfolio; it was 2.37% of weight.

− ACCIONES|Banca Intesa San Pao

Leaves the portfolio; it was 2.29% of weight.

− ACCIONES|Prosus NV

Leaves the portfolio; it was 2.28% of weight.

Prosus N.V. engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally. It operates internet platforms, such as classifieds, payments and fintech, etail, food delivery, education technology, Etail, ventures, tencent, and other platforms. It also provides online food delivery service. The company was formerly known as Myriad International Holdings N.V. and changed its name to Prosus N.V. Prosus N.V. was incorporated in 1994 and is headquartered in Amsterdam, the Netherlands.

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− Sacyr Valleherm(B.in

Leaves the portfolio; it was 2.27% of weight.

− ACCIONES|Eiffage

Leaves the portfolio; it was 2.25% of weight.

− ACCIONES|Euronext NV

Leaves the portfolio; it was 2.25% of weight.

− INMOBILIARIA DEL SUR

Leaves the portfolio; it was 2.24% of weight.

− ACCIONES|IBERDROLA

Leaves the portfolio; it was 2.23% of weight.

− ACCIONES|Vinci

Leaves the portfolio; it was 2.23% of weight.

− ACCIONES|SOCIETE GENERALE

Leaves the portfolio; it was 2.23% of weight.

− ACCIONES|Axa

Leaves the portfolio; it was 2.21% of weight.

− ACCIONES|Siemens AG

Leaves the portfolio; it was 2.16% of weight.

− ACCIONES|K+S AG

Leaves the portfolio; it was 2.15% of weight.

K+S Aktiengesellschaft, together with its subsidiaries, operates as a supplier of mineral products for the agricultural, industrial, pharma, consumer, and community sectors in Europe, Germany, North America, South America, Asia, Africa, and Oceania. The company offers potassium chloride for crops, such as grain, corn, rice, soybeans, and sugar cane; fertilizer specialties that are used for crops with magnesium and sulfur requirements, including rapeseed, sugar beet, and potatoes, as well as for chloride-sensitive specialty crops such as citrus, grapes, coffee, almond trees, and vegetables; and water-soluble fertilizers for use in fertigation of fruit and vegetables under the KALISOP, KORN-KALI, ROLLKALI, PATENTKALI, ESTA KIESERIT, GRANUAID, MAGNESIA-KAINIT, SOLUMOP, SOLUSOP, SOLUCMS, EPSO TOP, EPSO MICROTOP, EPSO COMBITOP, EPSO PROFITOP, and EPSO BORTOP brands. It also provides soil, fertigation, foliar fertilizers, natural rock salt, high-purity vaccum salt and mineral salt mixtures, potassium chloride, potassium sulphate, Epsom salt, minerals for pets and livestock, potassium, magnesium, salt, salt licks for farm and wild animals, sodium chloride, salt tablets, and vacuum salt granules under the k-DRILL, KaSa, SOLSEL, NUTRIKS, AXAL PRO, REGINET, Regesal, Marina, Marina Plus, Solea, and APISAL brands. In addition, the company offers salts under the Cérébos brand; rock salt under the Solné mlýny Olomouc brand; sea salt under the Vatel and Salinas d'Algarve brands; Saltissimo brands; optimal solutions for their homes under the AXAL Pro and AXAL brand; rock and pink salts under the Saldoro brand; dishwasher salt under the Regesoft brand; and Coarse rock salt under the DI-MIX brand. Further, the company provides waste management; and transportation and logistics services. Aktiengesellschaft was founded in 1889 and is headquartered in Kassel, Germany.

− ACCIONES|Deutsche Boerse

Leaves the portfolio; it was 2.13% 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.

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− ACCIONES|EngiFlPe

Leaves the portfolio; it was 2.04% of weight.

▼ BANKINTER S.A.

Goes from 28.90% to 21.04%.

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▼ Squirrel Media SA

Goes from 4.57% to 3.47%.

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▼ ACCIONES|Ryanair Holdings PLC

Goes from 2.32% to 2.12%.

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Fixed income

Declared FI exposure
3.1 M €
% of portfolio
52.8%
Positions
12
Issuers
7
Sovereign: 0 € Corporate: 1.8 M € Repos / treasury management: 1.2 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 · 56.9%3-6 months · 32.2%6-12 months · 10.9%
Maturity Positions Exposure %
Matured or ≤3 months 7 1.0 M € 56.9%
3-6 months 3 590,630 € 32.2%
6-12 months 1 200,166 € 10.9%
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
FCC Corporate 3 493,174 € 2026-01-29
Bco. Cooperativo Corporate 1 299,066 € 2026-02-18
Sacyr Valleherm(B.in Corporate 3 298,366 € 2026-02-13
Link Securities Corporate 1 296,228 € 2026-06-16
SQUIRREL MEDIA SA Corporate 1 200,166 € 2026-11-30
GRUPO FERROVIAL, S.A Corporate 1 149,597 € 2026-01-22
Grenergy Renovables, Corporate 1 99,201 € 2026-03-12

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
ES05133773F1 Bco. Cooperativo 2.02% 2026-02-18 299,066 €
XS3256183883 Link Securities 2.59% 2026-06-16 296,228 €
ES0383304005 SQUIRREL MEDIA SA 7.00% 2026-11-30 200,166 €
XS3222576434 FCC 2.48% 2026-01-29 198,772 €
XS3251483221 FCC 2.39% 2026-06-09 195,619 €
XS3249758536 GRUPO FERROVIAL, S.A 2.07% 2026-01-22 149,597 €
ES0582870O81 Sacyr Valleherm(B.in 2.15% 2026-03-16 99,481 €
ES0582870O32 Sacyr Valleherm(B.in 2.25% 2026-02-13 99,447 €
ES0582870O65 Sacyr Valleherm(B.in 2.29% 2026-02-26 99,438 €
ES0505079485 Grenergy Renovables, 3.43% 2026-03-12 99,201 €

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: 10 Exits at maturity: 4 Exits not explained by maturity: 0
+ Bco. Cooperativo

Enters the portfolio at 5.18% weight.

+ Link Securities

Enters the portfolio at 5.13% weight.

+ FCC

Enters the portfolio at 3.44% weight.

+ FCC

Enters the portfolio at 3.39% weight.

+ Grupo Ferrovial

Enters the portfolio at 2.59% weight.

+ Sacyr Valleherm(B.in

Enters the portfolio at 1.72% weight.

+ Sacyr Valleherm(B.in

Enters the portfolio at 1.72% weight.

+ Sacyr Valleherm(B.in

Enters the portfolio at 1.72% weight.

+ Grenergy Renovables,

Enters the portfolio at 1.72% weight.

+ FCC

Enters the portfolio at 1.71% weight.

◦ Grupo Acciona (B.Inv

Leaves the portfolio; it was 6.75% of weight.

◦ ELECNOR

Leaves the portfolio; it was 4.53% of weight.

◦ Sacyr Valleherm(B.in

Leaves the portfolio; it was 2.27% of weight.

◦ INMOBILIARIA DEL SUR

Leaves the portfolio; it was 2.24% 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.