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PSN MULTIESTRATEGIA, FI

Category
Latest period
H2 2025
Positions
58

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.

58
Company Type Country Weight Price
ACCIONES|ALPHABET INC US02079K3059 · USD Renta Variable Cotizada US 5.44%
ACCIONES|AMAZON.COM INC US0231351067 · USD Renta Variable Cotizada US 3.98%
ACCIONES|MICROSOFT US5949181045 · USD Renta Variable Cotizada US 3.53% 483.24 USD
ACCIONES|NVIDIA CORPORATION US67066G1040 · USD Renta Variable Cotizada US 2.77%
ACCIONES|UNITEDHEALTH GROUP US91324P1021 · USD Renta Variable Cotizada US 2.76%
ACCIONES|J.P.MORGAN US46625H1005 · USD Renta Variable Cotizada US 2.71%
ACCIONES|LVMH FR0000121014 · EUR Renta Variable Cotizada FR 2.71%
ACCIONES|BOOKING HOLDINGS INC US09857L1089 · USD Renta Variable Cotizada US 2.63% 209.62 USD
ACCIONES|BLACKROCK INC US09290D1019 · USD Renta Variable Cotizada US 2.55%
ACCIONES|META PLATFORMS INC-C US30303M1027 · USD Renta Variable Cotizada US 2.36% 549.90 USD
ACCIONES|SAMSUNG ELECTRONICS US7960508882 · USD Renta Variable Cotizada US 2.19%
ACCIONES|CANADIAN NATURAL R. CA1363851017 · USD Renta Variable Cotizada CA 2.14% 70.81 CAD
ACCIONES|TAIWAN SEMICONDUCTOR US8740391003 · USD Renta Variable Cotizada US 2.01%
ACCIONES|LOCKHEED MARTIN CO US5398301094 · USD Renta Variable Cotizada US 1.99%
ACCIONES|AIRBUS GROUP NV NL0000235190 · EUR Renta Variable Cotizada NL 1.85% 203.70 EUR
ACCIONES|DEUTSCHE BOERSE AG DE0005810055 · EUR Renta Variable Cotizada DE 1.85% 282.90 EUR
ACCIONES|NOVO NORDISK A/S DK0062498333 · DKK Renta Variable Cotizada DK 1.70%
ACCIONES|SIEMENS AG DE0007236101 · EUR Renta Variable Cotizada DE 1.68%
ACCIONES|VISA INC CLASS A US92826C8394 · USD Renta Variable Cotizada US 1.63%
ACCIONES|S&P GLOBAL INC US78409V1044 · USD Renta Variable Cotizada US 1.59%
ACCIONES|CME GROUP INC US12572Q1058 · USD Renta Variable Cotizada US 1.59%
ACCIONES|VIDRALA SA ES0183746314 · EUR Renta Variable Cotizada ES 1.55%
ACCIONES|ROCHE HOLDING AG CH0012032048 · CHF Renta Variable Cotizada CH 1.48%
ACCIONES|ASTRAZENECA GB0009895292 · GBP Renta Variable Cotizada GB 1.48%
ACCIONES|APPLE COMPUTERS INC US0378331005 · USD Renta Variable Cotizada US 1.44%
ACCIONES|BROOKFIELD CORP CA11271J1075 · CAD Renta Variable Cotizada CA 1.40%
ACCIONES|WASTE MANAGEMENT INC US94106L1098 · USD Renta Variable Cotizada US 1.31%
ACCIONES|EXXON MOBIL CORP US30231G1022 · USD Renta Variable Cotizada US 1.28%
ACCIONES|T ROWE PRICE GROUP US74144T1088 · USD Renta Variable Cotizada US 1.22%
ACCIONES|ALLIANZ SE DE0008404005 · EUR Renta Variable Cotizada DE 1.22%
ACCIONES|ROYAL DUTCH SHELL GB00BP6MXD84 · GBP Renta Variable Cotizada GB 1.17% 3409.50 GBp
ACCIONES|UNION PACIFIC CORP US9078181081 · USD Renta Variable Cotizada US 1.17%
ACCIONES|ZURICH INSURANCE GRO CH0011075394 · CHF Renta Variable Cotizada CH 1.16%
ACCIONES|MUENCHENER DE0008430026 · EUR Renta Variable Cotizada DE 1.12%
ACCIONES|GSK PLC GB00BN7SWP63 · GBP Renta Variable Cotizada GB 1.11% 1918.50 GBp
ACCIONES|JOHNSON & JOHNSON US4781601046 · USD Renta Variable Cotizada US 1.10%
ACCIONES|CANADIAN NATL RAILWA CA1363751027 · CAD Renta Variable Cotizada CA 1.08%
ACCIONES|MASTERCARD INC US57636Q1040 · USD Renta Variable Cotizada US 1.06%
ACCIONES|VINCI SA FR0000125486 · EUR Renta Variable Cotizada FR 1.05%
ACCIONES|ABBVIE INC US00287Y1091 · USD Renta Variable Cotizada US 1.03%
ACCIONES|INMOBILIARIA COLONIA ES0139140174 · EUR Renta Variable Cotizada ES 1.03% 5.47 EUR
ACCIONES|COCA-COLA US1912161007 · USD Renta Variable Cotizada US 1.02%
ACCIONES|AIR LIQUIDE FR0000120073 · EUR Renta Variable Cotizada FR 1.00%
ACCIONES|ACCENTURE PLC IE00B4BNMY34 · USD Renta Variable Cotizada IE 1.00%
ACCIONES|MARSH & MCLENNAN COS US5717481023 · USD Renta Variable Cotizada US 0.98%
ACCIONES|STRAUMANN HOLDING AG CH1175448666 · CHF Renta Variable Cotizada CH 0.97%
ACCIONES|UBER TECHNOLOGIES IN US90353T1007 · USD Renta Variable Cotizada US 0.92%
ACCIONES|BNP PARIBAS SA FR0000131104 · EUR Renta Variable Cotizada FR 0.88%
ACCIONES|ASML HOLDING NV NL0010273215 · EUR Renta Variable Cotizada NL 0.86%
ACCIONES|ELEVANCE HEALTH INC US0367521038 · USD Renta Variable Cotizada US 0.84% 400.54 USD
ACCIONES|CONSTELLATION BRANDS US21036P1084 · USD Renta Variable Cotizada US 0.82%
ACCIONES|CSL LTD AU000000CSL8 · AUD Renta Variable Cotizada AU 0.81%
ACCIONES|DIAGEO GB0002374006 · GBP Renta Variable Cotizada GB 0.80%
ACCIONES|VEEVA SYSTEMS INC US9224751084 · USD Renta Variable Cotizada US 0.71%
ACCIONES|NOVARTIS AG CH0012005267 · CHF Renta Variable Cotizada CH 0.68%
ACCIONES|IQVIA HOLDINGS INC US46266C1053 · USD Renta Variable Cotizada US 0.67%
ACCIONES|REGENERON PHARMACEUT US75886F1075 · USD Renta Variable Cotizada US 0.67%
ACCIONES|WOLTERS KLUWER NV NL0000395903 · EUR Renta Variable Cotizada NL 0.62%

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 4 Exits: 3 Increases: 17 Cuts: 13
+ ACCIONES|BROOKFIELD CORP

Enters the portfolio at 1.40% weight.

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+ ACCIONES|UNION PACIFIC CORP

Enters the portfolio at 1.17% weight.

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+ ACCIONES|CANADIAN NATL RAILWA

Enters the portfolio at 1.08% weight.

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+ ACCIONES|UBER TECHNOLOGIES IN

Enters the portfolio at 0.92% weight.

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− ACCIONES|REPSOL SA

Leaves the portfolio; it was 2.16% of weight.

− ACCIONES|PEPSICO INC

Leaves the portfolio; it was 0.98% of weight.

− ACCIONES|INDITEX

Leaves the portfolio; it was 0.56% of weight.

▲ ACCIONES|ALPHABET INC

Goes from 4.01% to 5.44%.

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▲ ACCIONES|SAMSUNG ELECTRONICS

Goes from 1.06% to 2.19%.

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▲ ACCIONES|DEUTSCHE BOERSE AG

Goes from 0.98% to 1.85%.

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|LVMH

Goes from 1.88% to 2.71%.

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▲ ACCIONES|UNITEDHEALTH GROUP

Goes from 1.98% to 2.76%.

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▲ ACCIONES|VIDRALA SA

Goes from 0.97% to 1.55%.

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▲ ACCIONES|BOOKING HOLDINGS INC

Goes from 2.08% to 2.63%.

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|ASTRAZENECA

Goes from 1.00% to 1.48%.

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▲ ACCIONES|APPLE COMPUTERS INC

Goes from 0.98% to 1.44%.

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▲ ACCIONES|S&P GLOBAL INC

Goes from 1.14% to 1.59%.

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▲ ACCIONES|CME GROUP INC

Goes from 1.16% to 1.59%.

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▲ ACCIONES|ROCHE HOLDING AG

Goes from 1.05% to 1.48%.

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▲ ACCIONES|NVIDIA CORPORATION

Goes from 2.37% to 2.77%.

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▲ ACCIONES|AMAZON.COM INC

Goes from 3.68% to 3.98%.

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▲ ACCIONES|J.P.MORGAN

Goes from 2.47% to 2.71%.

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▲ ACCIONES|ALLIANZ SE

Goes from 0.97% to 1.22%.

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▲ ACCIONES|EXXON MOBIL CORP

Goes from 1.03% to 1.28%.

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▼ ACCIONES|ABBVIE INC

Goes from 2.22% to 1.03%.

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▼ ACCIONES|SIEMENS AG

Goes from 2.46% to 1.68%.

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▼ ACCIONES|ASML HOLDING NV

Goes from 1.53% to 0.86%.

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▼ ACCIONES|LOCKHEED MARTIN CO

Goes from 2.50% to 1.99%.

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▼ ACCIONES|META PLATFORMS INC-C

Goes from 2.83% to 2.36%.

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|NOVO NORDISK A/S

Goes from 2.08% to 1.70%.

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▼ ACCIONES|IQVIA HOLDINGS INC

Goes from 1.06% to 0.67%.

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▼ ACCIONES|GSK PLC

Goes from 1.46% to 1.11%.

GSK plc, together with its subsidiaries, engages in the research, development, and manufacture of vaccines, specialty medicines, and general medicines to prevent and treat disease in the United Kingdom, the United States, and internationally. It operates through Commercial Operations and Total R&D segments. The company offers specialty medicines that include oncology, respiratory/immunology, inflammation, and inhaled medicines for HIV, respiratory eosinophildriven diseases, lupus and lupus nephritis, ovarian cancer, and endometrial cancer. It also provides vaccines for Shingles, Meningitis, RSV, Seasonal Influenza, Hepatitis, Diphtheria, Tetanus, Acellular Pertussis, Rotavirus, Pertussis, Polio, Haemophilus, Invasive Diseases, Pneumonia, Acute Otitis Media, Measles, Mumps, Rubella and Chickenpox, and Human Papilloma Virus. Additionally, the company offers general medicines for asthma, COPD, bacterial infection, benign prostatic hyperplasia, allergic rhinitis, and inflammatory skin conditions. It also focuses on the discovery, development, and commercialization of oral small molecule therapies for patients with unmet needs in oncology and inflammatory diseases. It has a collaboration agreement with CureVac to develop mRNA vaccines for infectious diseases; and strategic research collaboration with Engitix Ltd. to identify and validate novel therapeutic targets driving liver fibrosis regression. The company has a strategic alliance with AN2 Therapeutics, Inc. for the development of new therapies for TB. GSK plc was formerly known as GlaxoSmithKline plc and changed its name to GSK plc in May 2022. The company was founded in 1715 and is headquartered in London, United Kingdom.

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▼ ACCIONES|NOVARTIS AG

Goes from 1.03% to 0.68%.

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▼ ACCIONES|VEEVA SYSTEMS INC

Goes from 1.04% to 0.71%.

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▼ ACCIONES|TAIWAN SEMICONDUCTOR

Goes from 2.31% to 2.01%.

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▼ ACCIONES|WOLTERS KLUWER NV

Goes from 0.90% to 0.62%.

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▼ ACCIONES|ACCENTURE PLC

Goes from 1.25% to 1.00%.

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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.