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MULTIESTRATEGIA,FI

Category
Latest period
H2 2025
Positions
39

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.

39
Company Type Country Weight Price
ACCIONES|ALPHABET INC - CL C US02079K3059 · USD Renta Variable Cotizada US 4.97%
ACCIONES|TAIWAN SEMICONDUCTOR MANUFACTUR US8740391003 · USD Renta Variable Cotizada US 4.51%
ACCIONES|AMAZON.COM INC US0231351067 · USD Renta Variable Cotizada US 4.01%
ACCIONES|FACEBOOK INC US30303M1027 · USD Renta Variable Cotizada US 3.92% 549.90 USD
ACCIONES|BABCOCK INTERNATIONAL GROUP PLC GB0009697037 · GBP Renta Variable Cotizada GB 3.79%
ACCIONES|MICROSOFT CORP US5949181045 · USD Renta Variable Cotizada US 3.45% 483.24 USD
ACCIONES|BOOKING HOLDINGS INC US09857L1089 · USD Renta Variable Cotizada US 3.18% 209.62 USD
ACCIONES|MASTERCARD INC US57636Q1040 · USD Renta Variable Cotizada US 3.09%
ACCIONES|ASML HOLDING NV (HOLANDA) NL0010273215 · EUR Renta Variable Cotizada NL 2.94%
ACCIONES|IBERDROLA ES0144580Y14 · EUR Renta Variable Cotizada ES 2.92%
ACCIONES|AMERICAN EXPRESS CO US0258161092 · USD Renta Variable Cotizada US 2.87%
ACCIONES|BUREAU VERITAS SA FR0006174348 · EUR Renta Variable Cotizada FR 2.63%
ACCIONES|MOODYS CORPORATION US6153691059 · USD Renta Variable Cotizada US 2.56%
ACCIONES|UNILEVER NV GB00BVZK7T90 · EUR Renta Variable Cotizada GB 2.50%
ACCIONES|GROUPE DANONE FR0000120644 · EUR Renta Variable Cotizada FR 2.42%
ACCIONES|UBER TECHNOLOGIES INC US90353T1007 · USD Renta Variable Cotizada US 2.30%
ACCIONES|ALIBABA GROUP HOLDING LTD US01609W1027 · USD Renta Variable Cotizada US 2.24% 119.34 USD
ACCIONES|SAP AG DE0007164600 · EUR Renta Variable Cotizada DE 1.91%
ACCIONES|SHOPIFY INC CLASS A CA82509L1076 · USD Renta Variable Cotizada CA 1.83%
ACCIONES|VISA INC US92826C8394 · USD Renta Variable Cotizada US 1.82%
ACCIONES|TENCENT HOLDINGS LTD US88032Q1094 · USD Renta Variable Cotizada US 1.82%
ACCIONES|EXXON MOBIL CORP US30231G1022 · USD Renta Variable Cotizada US 1.80%
ACCIONES|BANK OF AMERICA US0605051046 · USD Renta Variable Cotizada US 1.65%
ACCIONES|BROOKFIELD CORP CA1130041058 · USD Renta Variable Cotizada CA 1.49%
ACCIONES|MICRON TECHNOLOGY INC US5951121038 · USD Renta Variable Cotizada US 1.41%
ACCIONES|MSCI INC US55354G1004 · USD Renta Variable Cotizada US 1.38%
ACCIONES|CAIXABANK,S.A. ES0140609019 · EUR Renta Variable Cotizada ES 1.28%
ACCIONES|ESSILORLUXOTTICA FR0000121667 · EUR Renta Variable Cotizada FR 1.27%
ACCIONES|BANCO SABADELL ES0113860A34 · EUR Renta Variable Cotizada ES 1.26%
ACCIONES|NU HOLDINGS LTD/CAYMAN ISLANDS KYG6683N1034 · USD Renta Variable Cotizada KY 1.14%
ACCIONES|VIDRALA SA ES0183746314 · EUR Renta Variable Cotizada ES 1.09%
ACCIONES|APOLLO GLOBAL US03769M1062 · USD Renta Variable Cotizada US 1.06%
ACCIONES|INDITEX SA ES0148396007 · EUR Renta Variable Cotizada ES 0.96%
ACCIONES|PROCTER AND GAMBLE CO/THE US7427181091 · USD Renta Variable Cotizada US 0.95%
ACCIONES|ELI LILLY US5324571083 · USD Renta Variable Cotizada US 0.94%
ACCIONES|Hermes Intl FR0000052292 · EUR Renta Variable Cotizada FR 0.86%
ACCIONES|MERCADOLIBRE, INC US58733R1023 · USD Renta Variable Cotizada US 0.63%
ACCIONES|NOVO NORDISK A/S DK0062498333 · DKK Renta Variable Cotizada DK 0.44%
ACCIONES|MAGNUM ICE GREAM CO NL0015002MS2 · EUR Renta Variable Cotizada NL 0.08%

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 16 Exits: 5 Increases: 18 Cuts: 1
+ ACCIONES|TAIWAN SEMICONDUCTOR MANUFACTUR

Enters the portfolio at 4.51% weight.

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+ ACCIONES|IBERDROLA

Enters the portfolio at 2.92% weight.

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+ ACCIONES|UNILEVER NV

Enters the portfolio at 2.50% weight.

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+ ACCIONES|GROUPE DANONE

Enters the portfolio at 2.42% weight.

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+ ACCIONES|UBER TECHNOLOGIES INC

Enters the portfolio at 2.30% weight.

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+ ACCIONES|ALIBABA GROUP HOLDING LTD

Enters the portfolio at 2.24% weight.

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses in the People's Republic of China and internationally. It operates through the Alibaba China E-Commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and All Others segments. The Alibaba China E-commerce Group segment operates Taobao and Tmall, which are digital retail platforms; Taobao Instant Commerce, a local services and on-demand delivery platform; 1688.com, a domestic wholesale marketplace; and Xianyu, a consumer-to-consumer community and marketplace for idle goods. Its Alibaba International Digital Commerce Group segment includes AliExpress, a global e-commerce platform; Trendyol, an e-commerce platform in Turkey; Lazada, an e-commerce platform in Southeast Asia; Daraz, an e-commerce platform in South Asia, primarily in Pakistan and Bangladesh; and Alibaba.com, an integrated international online wholesale marketplace. The Cloud Intelligence Group segment offers a suite of cloud services based on infrastructure-as-a-service, platform-as-a-service, and model-as-a-service. Its All Others segment comprises Amap, a provider of mobile digital maps, navigation, and real-time traffic information in China; Cainiao, which provides logistics solutions; Youku, an online long-form video platform in China; Freshippo, a retail platform for groceries and fresh goods; and Alibaba Health, a pharmaceutical and healthcare services platform. Alibaba Group Holding Limited was incorporated in 1999 and is based in Hangzhou, China.

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+ ACCIONES|SAP AG

Enters the portfolio at 1.91% weight.

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+ ACCIONES|SHOPIFY INC CLASS A

Enters the portfolio at 1.83% weight.

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+ ACCIONES|TENCENT HOLDINGS LTD

Enters the portfolio at 1.82% weight.

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+ ACCIONES|EXXON MOBIL CORP

Enters the portfolio at 1.80% weight.

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+ ACCIONES|MICRON TECHNOLOGY INC

Enters the portfolio at 1.41% weight.

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+ ACCIONES|CAIXABANK,S.A.

Enters the portfolio at 1.28% weight.

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+ ACCIONES|ESSILORLUXOTTICA

Enters the portfolio at 1.27% weight.

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+ ACCIONES|BANCO SABADELL

Enters the portfolio at 1.26% weight.

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+ ACCIONES|ELI LILLY

Enters the portfolio at 0.94% weight.

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+ ACCIONES|MAGNUM ICE GREAM CO

Enters the portfolio at 0.08% weight.

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− ACCIONES|Cameco Corp

Leaves the portfolio; it was 0.95% of weight.

− ACCIONES|FERRARI NV

Leaves the portfolio; it was 0.90% of weight.

− ACCIONES|ATALAYA MINING COPPER S.A

Leaves the portfolio; it was 0.63% of weight.

Atalaya Mining Copper, S.A., together with its subsidiaries, engages in the mineral exploration and development in Spain. The company's flagship property is the Proyecto Riotinto, an open-pit copper mine located in the Andalusia region of Spain. It explores for copper concentrates, silver by-products, and gold. The company was formerly known as Atalaya Mining Plc and changed its name to Atalaya Mining Copper, S.A. in January 2025. Atalaya Mining Copper, S.A. was incorporated in 2004 and is based in Seville, Spain.

− ACCIONES|UNILEVER NV

Leaves the portfolio; it was 0.43% of weight.

− ACCIONES|STELLANTIS NV

Leaves the portfolio; it was 0.26% of weight.

Stellantis N.V. engages in the designing, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, and mobility services worldwide. It provides luxury and premium vehicles; sport utility vehicles; and parts and accessories. The company also provides contract services; retail and dealer financing services; and vehicle leasing and rental services, as well as engages in after-market parts and service businesses and data businesses. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, DS Automobiles, Dodge, Fiat, Jeep, Maserati, Ram Trucks, Opel, Lancia, Vauxhall, Peugeot, Free2move, Share Now, Leasys, and Comau brand names through distributors and dealers. The company has a strategic collaboration with Microsoft Corporation for the development of AI initiatives across sales, customer care, and operations. The company operates in North America, France, Brazil, Italy, Germany, the United Kingdom, Turkiye, Spain, Argentina, Belgium, Austria, the Netherlands, Portugal, Poland, Algeria, Morocco, Japan, China, and internationally. Stellantis N.V. was founded in 1899 and is based in Hoofddorp, the Netherlands.

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▲ ACCIONES|ALPHABET INC - CL C

Goes from 1.24% to 4.97%.

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▲ ACCIONES|FACEBOOK INC

Goes from 0.99% to 3.92%.

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses in the United States, Canada, Europe, Asia-Pacific, and internationally. It operates through two segments, Family of Apps (FoA) and Reality Labs (RL). The FoA segment offers Facebook, which enables people to build community through feed, reels, stories, groups, marketplace, and other; Instagram that brings people closer through Instagram feed, stories, reels, live, and messaging; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; Meta AI, an assistant that's available across apps, as a stand-alone app, on AI glasses, and on the web; Threads, an application for text-based updates and public conversations; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact. The RL segment provides virtual and augmented reality products, including consumer hardware, software, and content that help people feel connected, as well as Meta Quest devices that enable social experiences across gaming, fitness, entertainment, and more. The segment also includes wearables such as AI glasses like Ray Ban Meta and Oakley Meta glasses; and the Meta Ray Ban Display, which combines AI glasses with an integrated lens display and the Meta Neural Band, a wrist worn device using electromyography that lets people control their AI glasses through neuromuscular signals. Meta Platforms, Inc. has a collaboration with Microsoft Corporation, NVIDIA Corporation, Advanced Micro Devices, Inc., Broadcom Inc., and OpenAI, L.L.C. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. The company was incorporated in 2004 and is headquartered in Menlo Park, California.

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▲ ACCIONES|AMAZON.COM INC

Goes from 1.36% to 4.01%.

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▲ ACCIONES|MICROSOFT CORP

Goes from 0.83% to 3.45%.

Microsoft Corporation, a technology company, develops and supports a portfolio of technology solutions for individuals and businesses worldwide. It operates through three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Microsoft 365 Commercial, Enterprise Mobility + Security, Power BI, Exchange, SharePoint, Microsoft Teams, Microsoft 365 Security and Compliance, Microsoft 365 Copilot, and Windows Commercial on-premises and Office licensed on-premises. This segment also provides Microsoft 365 Consumer products and cloud services; LinkedIn, including talent solutions, marketing solutions, subscriptions, and sales solutions; Dynamics 365, a set of cloud-based applications; and on-premises ERP and CRM applications. The Intelligent Cloud segment offers server products and cloud services; cloud and AI consumption-based services, GitHub cloud services, health and life sciences cloud services, as well as virtual desktop offerings, and other cloud services; SQL Server, Windows Server, Visual Studio, System Center, and related client access licenses; and enterprise support services, industry solutions, Microsoft partner network, and learning experience. The More Personal Computing segment provides Windows OEM licensing and devices comprising Surface and PC accessories; XBOX hardware, and XBOX first- and third-party content and services; XBOX Game Pass and other subscriptions; XBOX Cloud Gaming, advertising, and other cloud services; and search advertising consisting of Bing, Copilot, Microsoft News, Microsoft Edge, and third-party affiliates. It sells its products through partners and retail networks. The company was founded in 1975 and is headquartered in Redmond, Washington.

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▲ ACCIONES|BOOKING HOLDINGS INC

Goes from 0.97% to 3.18%.

Booking Holdings Inc., together with its subsidiaries, provides online and traditional travel and restaurant reservations and related services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates Booking.com, which offers online accommodation reservations; and Priceline, which provides discount travel reservations services, as well as online accommodation, flight, rental car reservation services, vacation packages, cruises, activity, and affiliate programs. It also operates Agoda that offers online accommodation reservation, flight, ground transportation, and attractions. In addition, the company operates KAYAK, an online meta-search service that allows consumers to search and compare travel itineraries and prices; and OpenTable for booking online restaurant reservations, as well as reservation management services to restaurants. Further, it offers travel-related insurance products, payment facilitation, and restaurant management services to consumers, travel service providers, and restaurants; and advertising services. The company was formerly known as The Priceline Group Inc. and changed its name to Booking Holdings Inc. in February 2018. Booking Holdings Inc. was founded in 1997 and is headquartered in Norwalk, Connecticut.

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▲ ACCIONES|MOODYS CORPORATION

Goes from 0.62% to 2.56%.

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▲ ACCIONES|BABCOCK INTERNATIONAL GROUP PLC

Goes from 1.93% to 3.79%.

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▲ ACCIONES|BUREAU VERITAS SA

Goes from 0.79% to 2.63%.

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▲ ACCIONES|MASTERCARD INC

Goes from 1.26% to 3.09%.

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▲ ACCIONES|AMERICAN EXPRESS CO

Goes from 1.34% to 2.87%.

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▲ ACCIONES|ASML HOLDING NV (HOLANDA)

Goes from 1.47% to 2.94%.

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▲ ACCIONES|BROOKFIELD CORP

Goes from 0.16% to 1.49%.

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▲ ACCIONES|VISA INC

Goes from 0.83% to 1.82%.

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▲ ACCIONES|VIDRALA SA

Goes from 0.45% to 1.09%.

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▲ ACCIONES|PROCTER AND GAMBLE CO/THE

Goes from 0.37% to 0.95%.

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▲ ACCIONES|BANK OF AMERICA

Goes from 1.13% to 1.65%.

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▲ ACCIONES|NU HOLDINGS LTD/CAYMAN ISLANDS

Goes from 0.64% to 1.14%.

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▲ ACCIONES|MSCI INC

Goes from 0.97% to 1.38%.

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▼ ACCIONES|NOVO NORDISK A/S

Goes from 0.64% to 0.44%.

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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.