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PANDA AGRICULTURE & WATER FUND, FI

Category
Latest period
H2 2025
Positions
59

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.

59
Company Type Country Weight Price
ACCIONES|K+S AG DE000KSAG888 · EUR Renta Variable Cotizada DE 4.18% 16.38 EUR
ACCIONES|BIOGAIA AB-B SHS SE0017769995 · SEK Renta Variable Cotizada SE 3.67%
ACCIONES|EBARA JITSUGYO CO LT JP3165950001 · JPY Renta Variable Cotizada JP 3.42%
ACCIONES|KENKO MAYONNAISE CO JP3281850002 · JPY Renta Variable Cotizada JP 3.37%
ACCIONES|ANGLO-EASTERN PLANTA GB0000365774 · GBP Renta Variable Cotizada GB 3.12%
ACCIONES|MARFRIG GLOBAL FOOD US56656T1051 · USD Renta Variable No Cotizada US 3.06%
ACCIONES|INTERPUMP GROUP SPA IT0001078911 · EUR Renta Variable Cotizada IT 3.04% 37.00 EUR
ACCIONES|T HASEGAWA CO LTD JP3768500005 · JPY Renta Variable Cotizada JP 2.90%
ACCIONES|SAKATA SEED CORP JP3315000004 · JPY Renta Variable Cotizada JP 2.80%
ACCIONES|MARUZEN CO LTD JP3875610002 · JPY Renta Variable Cotizada JP 2.75%
ACCIONES|M P EVANS GROUP PLC GB0007538100 · GBP Renta Variable Cotizada GB 2.56%
ACCIONES|CRESUD SACIF Y A US2264061068 · USD Renta Variable Cotizada US 2.51%
ACCIONES|GENUS PLC GB0002074580 · GBP Renta Variable Cotizada GB 2.47%
ACCIONES|SUMITOMO FORESTRY CO JP3409800004 · JPY Renta Variable Cotizada JP 2.39%
ACCIONES|ITALIAN WINE BRAND S IT0005075764 · EUR Renta Variable Cotizada IT 2.31%
ACCIONES|SEEKA KIWIFRUIT INDS NZSEKE0001S8 · NZD Renta Variable Cotizada NZ 2.04%
ACCIONES|S. QUIMICA Y MINERA US8336351056 · USD Renta Variable Cotizada US 1.99%
ACCIONES|A2 MILK COMPANY LIMI NZATME0002S8 · AUD Renta Variable Cotizada NZ 1.99%
ACCIONES|ORIGINAL ENGINEERING JP3200200008 · JPY Renta Variable Cotizada JP 1.95%
ACCIONES|KATO SANGYO CO LTD JP3213300001 · JPY Renta Variable Cotizada JP 1.91%
ACCIONES|YARA INTERNATIONAL US9848512045 · USD Renta Variable No Cotizada US 1.89%
ACCIONES|TYSON FOODS INC US9024941034 · USD Renta Variable Cotizada US 1.88%
ACCIONES|ADECOAGRO SA LU0584671464 · USD Renta Variable Cotizada LU 1.63%
ACCIONES|TAKUMA CO LTD JP3462600002 · JPY Renta Variable Cotizada JP 1.63%
ACCIONES|KERRY GROUP PLC US4924601002 · USD Renta Variable No Cotizada US 1.53%
ACCIONES|ICL GROUP LTD IL0002810146 · USD Renta Variable Cotizada IL 1.47%
ACCIONES|DAIWA INDUSTRIES LTD JP3505800007 · JPY Renta Variable Cotizada JP 1.40%
ACCIONES|EMMI AG CH0012829898 · CHF Renta Variable Cotizada CH 1.37%
ACCIONES|GIVAUDAN CH0010645932 · CHF Renta Variable Cotizada CH 1.33%
ACCIONES|NJS CO LTD JP3718600004 · JPY Renta Variable Cotizada JP 1.30%
ACCIONES|SLC AGRICOLA SA US78444J1088 · USD Renta Variable No Cotizada US 1.30%
ACCIONES|NOVONESIS (NOVOZYMES DK0060336014 · DKK Renta Variable Cotizada DK 1.28%
ACCIONES|YAKULT HONSHA CO LTD JP3931600005 · JPY Renta Variable Cotizada JP 1.26%
ACCIONES|ENCE ENERGIA Y CELUL ES0130625512 · EUR Renta Variable Cotizada ES 1.20%
ACCIONES|MOWI ASA NO0003054108 · NOK Renta Variable Cotizada NO 1.16%
ACCIONES|SATOH&CO LTD JP3321500005 · JPY Renta Variable Cotizada JP 1.07%
ACCIONES|KWS SAAT SE & CO KGA DE0007074007 · EUR Renta Variable Cotizada DE 1.04%
ACCIONES|AJIS CO LTD JP3160720003 · JPY Renta Variable Cotizada JP 1.03%
ACCIONES|KURITA WATER IND LTD JP3270000007 · JPY Renta Variable Cotizada JP 0.94%
ACCIONES|KUBOTA CORPORATION JP3266400005 · JPY Renta Variable Cotizada JP 0.91%
ACCIONES|SYMRISE AG DE000SYM9999 · EUR Renta Variable Cotizada DE 0.88%
ACCIONES|HOKURYO CO LTD JP3845670003 · JPY Renta Variable Cotizada JP 0.87%
ACCIONES|GLANBIA PLC IE0000669501 · EUR Renta Variable Cotizada IE 0.77%
ACCIONES|MICREED CO LTD JP3883650008 · JPY Renta Variable Cotizada JP 0.73%
ACCIONES|NIHON TRIM JP3739700007 · JPY Renta Variable Cotizada JP 0.72%
ACCIONES|FORFARMERS NV NL0011832811 · EUR Renta Variable Cotizada NL 0.70%
ACCIONES|KERRY GROUP PLC IE0004906560 · EUR Renta Variable Cotizada IE 0.63%
ACCIONES|BF SPA IT0005187460 · EUR Renta Variable Cotizada IT 0.61%
ACCIONES|GROUPE GUILLIN FR0012819381 · EUR Renta Variable Cotizada FR 0.61% 20.80 EUR
ACCIONES|ILLLUMINA INC US4523271090 · USD Renta Variable Cotizada US 0.59%
ACCIONES|BAKKAFROST P/F FO0000000179 · NOK Renta Variable Cotizada FO 0.56% 484.40 NOK
ACCIONES|J.G. BOSWELL COMPANY US1012051025 · USD Renta Variable No Cotizada US 0.56%
ACCIONES|CRIMSON WINE GROUP L US22662X1000 · USD Renta Variable No Cotizada US 0.50%
ACCIONES|AKER BIOMARINE ASA NO0010886625 · NOK Renta Variable Cotizada NO 0.48%
ACCIONES|MHP SA US55302T2042 · USD Renta Variable Cotizada US 0.37%
ACCIONES|BRASILAGRO - CIA BRA US10554B1044 · USD Renta Variable Cotizada US 0.37%
ACCIONES|HELIOS FAIRFAX PARTN CA42328X1042 · USD Renta Variable Cotizada CA 0.28%
ACCIONES|EUROESPES SA ES0133421000 · EUR Renta Variable Cotizada ES 0.18%
ACCIONES|FIRSTFARMS A/S DK0060056166 · DKK Renta Variable Cotizada DK 0.13%

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 9 Exits: 6 Increases: 7 Cuts: 18
+ ACCIONES|KENKO MAYONNAISE CO

Enters the portfolio at 3.37% weight.

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+ ACCIONES|MARFRIG GLOBAL FOOD

Enters the portfolio at 3.06% weight.

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+ ACCIONES|KERRY GROUP PLC

Enters the portfolio at 1.53% weight.

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+ ACCIONES|GIVAUDAN

Enters the portfolio at 1.33% weight.

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+ ACCIONES|MOWI ASA

Enters the portfolio at 1.16% weight.

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+ ACCIONES|KWS SAAT SE & CO KGA

Enters the portfolio at 1.04% weight.

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+ ACCIONES|SYMRISE AG

Enters the portfolio at 0.88% weight.

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+ ACCIONES|KERRY GROUP PLC

Enters the portfolio at 0.63% weight.

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+ ACCIONES|BAKKAFROST P/F

Enters the portfolio at 0.56% weight.

P/F Bakkafrost, together with its subsidiaries, engages in the production and sale of salmon products in North America, Western Europe, Eastern Europe, Asia, and internationally. The company operates through seven segments: Fishmeal, Fish Oil and Fish Feed; Freshwater Faroe Islands; Freshwater Scotland; Farming Faroe Islands; Farming Scotland; Services; and Sales & Other. Its products include fresh and frozen whole salmon, fresh and frozen salmon fillets, fresh skin-packed salmon portions, frozen salmon portions and tails, frozen smoked salmon and salmon fillets, frozen salmon bits and pieces, frozen salmon off-cuts and belly flaps, frozen salmon heads, salmon backbones, and salmon skin. The company is also involved in the production and sale of fishmeal, fish oil, and fish feed; production of eggs from breeding self-owned salmon strains; production of smolts; and on-growing of salmon. In addition, it manages a fleet of farming service vessels; provides fish transportation, treatments, net cleaning, harvesting, freight and logistical, and heavy marine support services; converts organic waste into biogas, heating, electricity, and fertilizers; produces styrofoam boxes; and optimizes the value creation and retention from the harvested fish. P/F Bakkafrost was founded in 1968 and is headquartered in Glyvrar, Denmark.

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− ACCIONES|BRF SA

Leaves the portfolio; it was 3.84% of weight.

− ACCIONES|ARCHER DANIELS MIDL

Leaves the portfolio; it was 1.56% of weight.

− ACCIONES|AUSTRALIAN AGRICULT

Leaves the portfolio; it was 1.52% of weight.

− ACCIONES|WILMAR INTERNATIONAL

Leaves the portfolio; it was 1.39% of weight.

− ACCIONES|IRSA-SP ADR

Leaves the portfolio; it was 0.17% of weight.

− ACCIONES|CAMELLIA PLC

Leaves the portfolio; it was 0.09% of weight.

▲ ACCIONES|K+S AG

Goes from 2.19% to 4.18%.

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.

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▲ ACCIONES|ANGLO-EASTERN PLANTA

Goes from 2.03% to 3.12%.

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▲ ACCIONES|S. QUIMICA Y MINERA

Goes from 1.18% to 1.99%.

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▲ ACCIONES|SAKATA SEED CORP

Goes from 2.17% to 2.80%.

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▲ ACCIONES|EMMI AG

Goes from 0.74% to 1.37%.

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▲ ACCIONES|ORIGINAL ENGINEERING

Goes from 1.50% to 1.95%.

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▲ ACCIONES|MARUZEN CO LTD

Goes from 2.41% to 2.75%.

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▼ ACCIONES|ADECOAGRO SA

Goes from 2.71% to 1.63%.

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▼ ACCIONES|YARA INTERNATIONAL

Goes from 2.58% to 1.89%.

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▼ ACCIONES|NJS CO LTD

Goes from 1.92% to 1.30%.

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▼ ACCIONES|KATO SANGYO CO LTD

Goes from 2.49% to 1.91%.

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▼ ACCIONES|ICL GROUP LTD

Goes from 2.04% to 1.47%.

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▼ ACCIONES|YAKULT HONSHA CO LTD

Goes from 1.75% to 1.26%.

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▼ ACCIONES|ENCE ENERGIA Y CELUL

Goes from 1.67% to 1.20%.

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▼ ACCIONES|DAIWA INDUSTRIES LTD

Goes from 1.84% to 1.40%.

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▼ ACCIONES|NOVONESIS (NOVOZYMES

Goes from 1.65% to 1.28%.

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▼ ACCIONES|HOKURYO CO LTD

Goes from 1.22% to 0.87%.

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▼ ACCIONES|SUMITOMO FORESTRY CO

Goes from 2.73% to 2.39%.

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▼ ACCIONES|ITALIAN WINE BRAND S

Goes from 2.57% to 2.31%.

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▼ ACCIONES|AJIS CO LTD

Goes from 1.29% to 1.03%.

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▼ ACCIONES|BRASILAGRO - CIA BRA

Goes from 0.62% to 0.37%.

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▼ ACCIONES|SLC AGRICOLA SA

Goes from 1.53% to 1.30%.

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▼ ACCIONES|HELIOS FAIRFAX PARTN

Goes from 0.50% to 0.28%.

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▼ ACCIONES|M P EVANS GROUP PLC

Goes from 2.77% to 2.56%.

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▼ ACCIONES|J.G. BOSWELL COMPANY

Goes from 0.77% to 0.56%.

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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.