Manager
RENTA 4 GESTORA, S.G.I.I.C., S.A.
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Fund page
PENTATHLON, FI
Category
—
Latest period
H2 2025
Positions
14
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.
14
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 3
Exits: 6
Increases: 5
Cuts: 3
− BUNDESOBLIGATION
Leaves the portfolio; it was 11.76% of weight.
− BUNDESOBLIGATION
Leaves the portfolio; it was 7.82% of weight.
− US TREASURY N/B
Leaves the portfolio; it was 2.98% of weight.
− BANCO SANTANDER SA
Leaves the portfolio; it was 1.35% of weight.
− BNP PARIBAS
Leaves the portfolio; it was 1.11% of weight.
BNP Paribas SA provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through three divisions: Corporate & Institutional Banking; Commercial, Personal Banking & Services; and Investment & Protection Services. The Corporate & Institutional Banking division offers capital market, securities, financing, risk management, securities clearing, custody, consulting, transaction banking, cash management, investment banking, and financial advisory services for corporate and institutional clients. Its Commercial, Personal Banking & Services division provides financing and equipment leasing services, lending, investment, financial and non-financial services, mobility, and digital banking services, as well as current accounts, savings products, bancassurance, insurance products and services, and consumer loans. The Investment & Protection Services division provides protection, savings, investment, and real estate services to support individuals, professionals, corporate clients, and institutions, as well as asset management, insurance, protection, pensions, and private banking services. The company was formerly known as Banque Nationale de Paris and changed its name to BNP Paribas SA in May 2000. BNP Paribas SA was founded in 1822 and is headquartered in Paris, France.
− ACCIONES|BANK OF AMERICA CORP
Leaves the portfolio; it was 0.61% of weight.
Bank of America Corporation, through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, checking accounts, and investment accounts and products; credit and debit cards; residential mortgages and home equity loans; and direct and indirect loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, and underwriting and advisory services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.
▲ ACCIONES|Ercros SA
Goes from 1.09% to 1.46%.
Ercros, S.A., together with its subsidiaries, manufactures and sells chemical and pharmaceutical products in Spain and internationally. It operates through three segments: Chlorine Derivatives, Intermediate Chemicals, and Pharmaceuticals. The company offers ammonia, caustic soda and potash, chlorine chloroisocyanurates, dichloroethane, ercrosbio, hydrochloric acid, hydrogen peroxide, polyvinyl chloride, potassium carbonate, PVC compounds, sodium chlorate, sodium chlorite, sodium hypochlorite, sulfuric acid, and vinyl chloride. It also provides dipentaerythritol, ercrosgreen + resins, formaldehyde, methanol, moulding compounds, paraformaldehyde, pentaerythritol, and sodium formate. In addition, the company offers generic active pharmaceutical ingredients, including amlodipine besylate, azithromycin, clarithromycin, erythromycin, famotidine, fosfomycin, and fusidic acid, as well as customized production of antibiotics, anti-hypertensives, and anti-ulcer drugs. It exports its products. The company was formerly known as S.A. Cros and changed its name to Ercros, S.A. in June 1989. Ercros, S.A. was founded in 1817 and is headquartered in Barcelona, Spain.
View company page →Fixed income
Declared FI exposure
11.6 M €
% of portfolio
82.8%
Positions
11
Issuers
5
Sovereign: 11.4 M €
Corporate: 220,288 €
Maturity ladder
Observed contractual maturity of each position, repos excluded. Matured/≤3 months includes bonds maturing in the first days after the period close.
2-5 years · 7.8%5-10 years · 85.3%> 10 years · 6.9%
Maturity
Positions
Exposure
%
Matured or ≤3 months
0
0 €
0.0%
3-6 months
0
0 €
0.0%
6-12 months
0
0 €
0.0%
1-2 years
0
0 €
0.0%
2-5 years
3
907,952 €
7.8%
5-10 years
7
9.9 M €
85.3%
> 10 years
1
806,158 €
6.9%
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
Bundesrepublik Deutschland
Sovereign
5
7.3 M €
2030-08-15
United States Treasury
Sovereign
3
2.7 M €
2030-03-31
JAPAN (40 YEAR ISSUE)
Sovereign
1
806,158 €
2060-03-20
UNITED KINGDOM GILT
Sovereign
1
573,922 €
2035-03-07
INTL BK RECON & DEVELOP
Corporate
1
220,288 €
2035-05-29
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
DE0001102606 Bundesrepublik Deutschland
1.70%
2032-08-15
2.8 M €
DE000BU2Z049 Bundesrepublik Deutschland
2.50%
2035-02-15
2.6 M €
DE000BU2Z031 Bundesrepublik Deutschland
2.60%
2034-08-15
1.9 M €
US91282CHC82 United States Treasury
3.38%
2033-05-15
1.8 M €
JP1400131L54 JAPAN (40 YEAR ISSUE)
0.50%
2060-03-20
806,158 €
GB00BT7J0027 UNITED KINGDOM GILT
4.50%
2035-03-07
573,922 €
US91282CHR51 United States Treasury
4.00%
2030-07-31
431,296 €
US91282CMU26 United States Treasury
4.00%
2030-03-31
431,012 €
XS1238805102 INTL BK RECON & DEVELOP
9.01%
2035-05-29
220,288 €
DE0001102507 Bundesrepublik Deutschland
-0.21%
2030-08-15
45,644 €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
EUR
7.3 M €
63.1%
USD
2.7 M €
23.1%
JPY
806,158 €
6.9%
GBP
573,922 €
4.9%
ZAR
220,288 €
1.9%
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: 3
Exits at maturity: 0
Exits not explained by maturity: 5
+ BUNDESREPUB. DEUTSCHLAND
Enters the portfolio at 18.72% weight.
+ UNITED KINGDOM GILT
Enters the portfolio at 4.09% weight.
+ US TREASURY N/B
Enters the portfolio at 3.07% weight.
− BUNDESOBLIGATION
Leaves the portfolio; it was 11.76% of weight.
− BUNDESOBLIGATION
Leaves the portfolio; it was 7.82% of weight.
− US TREASURY N/B
Leaves the portfolio; it was 2.98% of weight.
− BANCO SANTANDER SA
Leaves the portfolio; it was 1.35% of weight.
− BNP PARIBAS
Leaves the portfolio; it was 1.11% 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.