Manager
RENTA 4 GESTORA, S.G.I.I.C., S.A.
See the CNMV manager universe →
Fund page
RENTA 4 GLOBAL DYNAMIC, FI
Category
—
Latest period
H2 2025
Positions
93
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.
93
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 25
Exits: 25
Increases: 5
Cuts: 11
− ACCIONES|AIRBUS SE
Leaves the portfolio; it was 1.44% of weight.
Airbus SE, together with its subsidiaries, engages in the design, manufacture, and delivery of aeronautics and aerospace products, services, and solutions worldwide. It operates through three segments: Airbus, Airbus Helicopters, and Airbus Defence and Space. The Airbus segment develops, manufactures, markets, and sells commercial jet passenger aircraft, freighter aircraft, regional turboprop aircraft, and aircraft components, as well as provides aircraft conversion and related services. The Airbus Helicopters segment develops, manufactures, markets, and sells civil and military helicopters; and provides uncrewed aerial systems and their related services. The Airbus Defence and Space segment designs, develops, delivers, and supports crewed and uncrewed military air systems and related services. This segment also offers civil and defence space systems for telecommunications, earth observations, navigation, and science and orbital systems; and services around data processing from platforms, secure communication, and cyber security. The company was formerly known as Airbus Group SE and changed its name to Airbus SE in April 2017. The company was incorporated in 1998 and is headquartered in Leiden, the Netherlands.
View company page →− IMPERIAL BRANDS FIN PLC
Leaves the portfolio; it was 1.30% of weight.
− SWEDBANK AB
Leaves the portfolio; it was 1.18% of weight.
− ACCIONES|APPLE INC
Leaves the portfolio; it was 1.11% of weight.
− EURONEXT NV
Leaves the portfolio; it was 1.08% of weight.
− ACCIONES|Palo Alto Networks Inc
Leaves the portfolio; it was 1.01% of weight.
− ACCIONES|Powell Industries Inc
Leaves the portfolio; it was 0.98% of weight.
− ACCIONES|AMADEUS IT GROUP SA
Leaves the portfolio; it was 0.95% of weight.
− BRUSSELS AIRPORT CO NV/S
Leaves the portfolio; it was 0.94% of weight.
− ACCIONES|AIR LIQUIDE SA
Leaves the portfolio; it was 0.89% of weight.
− ACCIONES|Sika AG
Leaves the portfolio; it was 0.87% of weight.
− ACCIONES|ADOBE INC
Leaves the portfolio; it was 0.86% of weight.
− ACCIONES|STARBUCKS CORP
Leaves the portfolio; it was 0.83% of weight.
− ACCIONES|ARM Holdings PLC
Leaves the portfolio; it was 0.76% of weight.
− ACCIONES|Restaurant Brands Internationa
Leaves the portfolio; it was 0.76% of weight.
− ACCIONES|Toast Inc
Leaves the portfolio; it was 0.71% of weight.
− ACCIONES|CARNIVAL CORP
Leaves the portfolio; it was 0.71% of weight.
− ACCIONES|LVMH MOET HENNESSY VUITT
Leaves the portfolio; it was 0.56% of weight.
− ACCIONES|NIKE INC
Leaves the portfolio; it was 0.54% of weight.
− ACCIONES|Novo Nordisk A/S
Leaves the portfolio; it was 0.50% of weight.
− ACCIONES|Siemens Healthineers AG
Leaves the portfolio; it was 0.48% of weight.
− ACCIONES|Coloplast A/S
Leaves the portfolio; it was 0.46% of weight.
− INMOBILIARIA COLONIAL SO
Leaves the portfolio; it was 0.45% of weight.
− ACCIONA S.A.
Leaves the portfolio; it was 0.23% of weight.
▲ ACCIONES|BOOKING HOLDINGS INC
Goes from 0.76% to 1.22%.
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.
View company page →▼ ACCIONES|MICROSOFT CORP
Goes from 2.21% to 1.26%.
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.
View company page →▼ ACCIONES|BERKSHIRE HATHAWAY INC
Goes from 1.20% to 0.63%.
Berkshire Hathaway Inc., together with its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses. The company provides property, casualty, life, accident, and health insurance and reinsurance; operates railroad systems in North America; generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets. It manufactures boxed chocolates and other confectionery products; specialty chemicals, metal cutting tools, and components for aerospace and power generation applications; prefabricated and site-built residential homes, flooring products; insulation, roofing, and engineered products; building and engineered components; paints and coatings; and bricks and masonry products, as well as offers manufactured and site-built home construction, and related lending and financial services. In addition, the company provides recreational vehicles, apparel, footwear, toys, jewelry, custom picture framing products, alkaline batteries, logistics services, and professional aviation training and shared aircraft ownership programs; castings, forgings, fasteners/fastener systems, aerostructures, and precision components; and cobalt, nickel, and titanium alloys. Further, it distributes televisions and information, and grocery and non-food consumer products; franchises and services quick service restaurants; and distributes electronic components. Additionally, it retails automobiles; furniture, bedding, and accessories; household appliances, electronics, and floor coverings; watches, home decor and repair services; sells kitchenware; and motorcycle clothing and equipment. The company was incorporated in 1998 and is headquartered in Omaha, Nebraska.
View company page →Fixed income
Declared FI exposure
26.1 M €
% of portfolio
55.0%
Positions
62
Issuers
54
Sovereign: 0 €
Corporate: 26.1 M €
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 · 13.9%3-6 months · 8.5%6-12 months · 15.2%1-2 years · 18.4%2-5 years · 33.2%5-10 years · 10.9%
Maturity
Positions
Exposure
%
Matured or ≤3 months
9
3.6 M €
13.9%
3-6 months
8
2.2 M €
8.5%
6-12 months
10
4.0 M €
15.2%
1-2 years
11
4.8 M €
18.4%
2-5 years
19
8.7 M €
33.2%
5-10 years
5
2.8 M €
10.9%
> 10 years
0
0 €
0.0%
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
CEPSA FINANCE SA
Corporate
3
1.7 M €
2026-01-21
Servicios medio ambiente
Corporate
2
1.2 M €
2029-07-30
BANCO BILBAO VIZCAYA ARG
Bank
1
1.0 M €
2027-02-10
SACYR SA
Corporate
2
993,242 €
2026-04-30
UNICAJA BANCO SA
Bank
1
850,156 €
2026-11-15
Abertis Infraestructuras
Corporate
2
751,888 €
2026-05-20
RCI BANQUE S.A
Corporate
1
747,248 €
2029-07-02
PROSUS NV
Corporate
2
720,284 €
2026-01-19
KUTXABANK SA
Bank
1
711,696 €
2027-02-01
ABANCA CORP BANCARIA
Corporate
1
665,882 €
2029-04-02
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
XS1562614831 BANCO BILBAO VIZCAYA ARG
3.50%
2027-02-10
1.0 M €
XS2202744384 CEPSA FINANCE SA
2.25%
2026-01-21
957,337 €
ES0380907065 UNICAJA BANCO SA
7.25%
2026-11-15
850,156 €
XS2905583014 Servicios medio ambiente
3.72%
2031-07-08
798,093 €
FR001400KY69 RCI BANQUE S.A
4.88%
2029-07-02
747,248 €
ES0343307023 KUTXABANK SA
4.00%
2027-02-01
711,696 €
ES0265936056 ABANCA CORP BANCARIA
5.88%
2029-04-02
665,882 €
XS2247936342 BANCO SANTANDER SA
1.63%
2030-10-22
649,297 €
XS2698998593 Acciona Energia Financia
5.13%
2031-01-23
648,823 €
XS3071337847 SACYR SA
4.75%
2030-02-28
613,721 €
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: 16
Exits at maturity: 5
Exits not explained by maturity: 1
+ BANCO SANTANDER SA
Enters the portfolio at 1.37% weight.
+ IAG LN
Enters the portfolio at 1.26% weight.
+ INMOBILIARIA COLONIAL SO
Enters the portfolio at 1.24% weight.
+ CAIXABANK SA
Enters the portfolio at 1.06% weight.
+ GENERAL DE ALQUI
Enters the portfolio at 1.05% weight.
+ MAPFRE SA
Enters the portfolio at 1.03% weight.
+ CIMIC FINANCE LTD
Enters the portfolio at 0.98% weight.
+ BARCLAYS PLC
Enters the portfolio at 0.85% weight.
+ TECNICAS REUNIDAS SA
Enters the portfolio at 0.84% weight.
+ MAS Movil Telecom 30 SA
Enters the portfolio at 0.81% weight.
+ BAYER AG
Enters the portfolio at 0.63% weight.
+ RECORD GO
Enters the portfolio at 0.62% weight.
+ CIE Automotive SA
Enters the portfolio at 0.61% weight.
+ GESTAMP AUTOMOCION SA
Enters the portfolio at 0.61% weight.
+ Tubacex SA
Enters the portfolio at 0.60% weight.
+ Talgo SA
Enters the portfolio at 0.41% weight.
− EURONEXT NV
Leaves the portfolio; it was 1.08% of weight.
◦ IMPERIAL BRANDS FIN PLC
Leaves the portfolio; it was 1.30% of weight.
◦ SWEDBANK AB
Leaves the portfolio; it was 1.18% of weight.
◦ BRUSSELS AIRPORT CO NV/S
Leaves the portfolio; it was 0.94% of weight.
◦ INMOBILIARIA COLONIAL SO
Leaves the portfolio; it was 0.45% of weight.
◦ ACCIONA S.A.
Leaves the portfolio; it was 0.23% 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.