← Back to Fund Radar

Fund page

MULTIADVISOR GESTION, 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
BANCO INVERSIS, S.A. ES0L02601166 · EUR Adquisicion Temporal Activos ES 29.41%
NN Group NV XS1028950290 · EUR Renta Fija Cotizada Menos 1 Anio XS 6.66%
CORP ANDINA DE FOMEN XS2763029571 · EUR Renta Fija Cotizada Mas 1 Anio XS 6.43%
HUNGARIAN DEVELOPMEN XS3081701362 · EUR Deuda Publica Cotizada Mas 1 Anio XS 6.38%
KUTXABANK SA ES0343307023 · EUR Renta Fija Cotizada Mas 1 Anio ES 6.35%
BLACKSTONE PP EUR HO XS2471770862 · EUR Renta Fija Cotizada Mas 1 Anio XS 6.23%
RaboSti XS1002121454 · EUR Renta Fija Cotizada Mas 1 Anio XS 3.91%
Electricite de Franc FR0010891317 · EUR Renta Fija Cotizada Mas 1 Anio FR 3.36%
GOLDMAN SACHS GROUP XS2536502227 · EUR Renta Fija Cotizada Mas 1 Anio XS 3.23%
RCI BANQUE SA FR001400B1L7 · EUR Renta Fija Cotizada Mas 1 Anio FR 3.21%
VOLKSWAGEN FIN SERV XS1972547696 · EUR Renta Fija Cotizada Mas 1 Anio XS 3.08%
SCHAEFFLER AG DE000A2YB7B5 · EUR Renta Fija Cotizada Mas 1 Anio DE 2.48%
Instituto Mobiliare XS1937018841 · EUR Renta Fija Cotizada Mas 1 Anio XS 2.21%
ACCIONES|Tecnicas Reunidas ES0178165017 · EUR Renta Variable Cotizada ES 1.91% 27.36 EUR
ROMANIA XS2178857285 · EUR Deuda Publica Cotizada Memos 1 Anio XS 1.75%
ACCIONES|Merlin Properties ES0105025003 · EUR Renta Variable Cotizada ES 0.93% 14.10 EUR
ACCIONES|Grand City Prop. LU0775917882 · EUR Renta Variable Cotizada LU 0.61%
ACCIONES|TELEFONICA ES0178430E18 · EUR Renta Variable Cotizada ES 0.60%
ACCIONES|Enagas ES0130960018 · EUR Renta Variable Cotizada ES 0.58%
ACCIONES|SCHAEFFLER AG DE000SHA0100 · EUR Renta Variable Cotizada DE 0.42%

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 1 Exits: 3 Increases: 1 Cuts: 0
+ BANCO INVERSIS, S.A.

Enters the portfolio at 29.41% weight.

View company page →
− BANCO INVERSIS, S.A.

Leaves the portfolio; it was 20.19% of weight.

− Atf Netherlands Bv

Leaves the portfolio; it was 5.69% of weight.

− OMV

Leaves the portfolio; it was 2.26% of weight.

▲ ACCIONES|Tecnicas Reunidas

Goes from 1.38% to 1.91%.

Técnicas Reunidas, S.A., an engineering and construction company, designs and manages industrial plant projects worldwide. It operates through Upstream & Refining, Natural gas, Petrochemical, Low-carbon technologies, and Other segments. The Refining segment offers management, engineering, procurement, construction and commissioning services for facilities along the entire value chain to produce fuels. The Natural gas segment provides direction, management, engineering, procurement, construction and commissioning services for facilities throughout the supply chain, from natural gas production to regasification terminals; and treatment and processing plants, compressor and liquefaction stations, storage tanks, and final regasification facilities. The Petrochemical segment provides direction, management, engineering, procurement, construction and startup services for facilities dedicated to the production of basic chemical materials used in water distribution, pharmaceuticals, health, food, energy efficiency in buildings and transport systems, and others. The Low-carbon technologies segment offers hydrogen, carbon capture and storage, circular economy and bioproducts; produces biomethane and converts biomass and waste into fuels, biodiesel, biokerosene, chemicals, and power and steam generation. The Other segment offers water treatment, port infrastructures, and oil production. In addition, the company is involved in real estate-related activities, consultancy and assistance in international engineering projects, project execution, and machinery wholesale business. Técnicas Reunidas, S.A. was formerly known as Lummus Española, S.A. and changed its name to Técnicas Reunidas, S.A. in 1972. The company was incorporated in 1960 and is headquartered in Madrid, Spain.

View company page →

Fixed income

Declared FI exposure
1.4 M €
% of portfolio
84.7%
Positions
14
Issuers
13
Sovereign: 28,061 € Corporate: 856,566 € Repos / treasury management: 470,592 €

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 · 15.2%1-2 years · 19.9%2-5 years · 57.9%> 10 years · 7.1%
Maturity Positions Exposure %
Matured or ≤3 months 2 134,591 € 15.2%
3-6 months 0 0 € 0.0%
6-12 months 0 0 € 0.0%
1-2 years 4 175,741 € 19.9%
2-5 years 6 511,797 € 57.9%
5-10 years 0 0 € 0.0%
> 10 years 1 62,498 € 7.1%
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
NN GROUP NV Corporate 1 106,530 € 2026-01-15
CORP ANDINA DE FOMEN Corporate 1 102,878 € 2030-02-13
HUNGARIAN DEVELOPMEN Corporate 1 102,137 € 2030-06-27
KUTXABANK SA Bank 1 101,658 € 2028-02-01
BLACKSTONE PP EUR HO Corporate 1 99,683 € 2029-10-29
RaboSti Corporate 1 62,498 € 2049-03-29
ELECTRICITE DE FRANC Corporate 1 53,812 € 2030-04-26
GOLDMAN SACHS GROUP Corporate 1 51,629 € 2029-09-21
RCI BANQUE S.A Corporate 1 51,370 € 2027-07-06
VOLKSWAGEN FIN SERV Corporate 1 49,332 € 2027-10-01

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
XS1028950290 NN GROUP NV 4.50% 2026-01-15 106,530 €
XS2763029571 CORP ANDINA DE FOMEN 3.63% 2030-02-13 102,878 €
XS3081701362 HUNGARIAN DEVELOPMEN 4.38% 2030-06-27 102,137 €
ES0343307023 KUTXABANK SA 4.00% 2028-02-01 101,658 €
XS2471770862 BLACKSTONE PP EUR HO 3.63% 2029-10-29 99,683 €
XS1002121454 RaboSti 6.50% 2049-03-29 62,498 €
FR0010891317 ELECTRICITE DE FRANC 4.63% 2030-04-26 53,812 €
XS2536502227 GOLDMAN SACHS GROUP 4.00% 2029-09-21 51,629 €
FR001400B1L7 RCI BANQUE S.A 4.75% 2027-07-06 51,370 €
XS1972547696 VOLKSWAGEN FIN SERV 2.25% 2027-10-01 49,332 €

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: 0 Exits not explained by maturity: 2
− Atf Netherlands Bv

Leaves the portfolio; it was 5.69% of weight.

− OMV

Leaves the portfolio; it was 2.26% 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.