Manager
RENTA 4 GESTORA, S.G.I.I.C., S.A.
See the CNMV manager universe →
Fund page
RENTA 4 MULTIGESTION 2, FI
Category
—
Latest period
H2 2025
Positions
106
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.
106
Company
Type
Country
Weight
Price
ACCIONES|Danieli & C Officine Meccanich
IT0000076486 · EUR
Renta Variable Cotizada
IT
1.27%
42.68 EUR
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 15
Exits: 12
Increases: 16
Cuts: 17
− ACCIONES|Adriatic Metals PLC
Leaves the portfolio; it was 0.94% of weight.
− ALSTRIA OFFICE REIT-AG
Leaves the portfolio; it was 0.94% of weight.
− MAIRE TECNIMONT SPA
Leaves the portfolio; it was 0.84% of weight.
− WARNERMEDIA HOLDINGS INC
Leaves the portfolio; it was 0.76% of weight.
− ACCIONES|MTY Food Group Inc
Leaves the portfolio; it was 0.76% of weight.
− WALGREENS BOOTS ALLIANCE
Leaves the portfolio; it was 0.71% of weight.
− ACCIONES|OCI NV
Leaves the portfolio; it was 0.59% of weight.
− TELEPERFORMANCE
Leaves the portfolio; it was 0.54% of weight.
− Inmobiliaria del Sur SA
Leaves the portfolio; it was 0.54% of weight.
− EUTELSAT SA
Leaves the portfolio; it was 0.54% of weight.
− ASMODEE GROUP AB
Leaves the portfolio; it was 0.53% of weight.
▲ ACCIONES|Danieli & C Officine Meccanich
Goes from 0.44% to 1.27%.
Danieli & C. Officine Meccaniche S.p.A. designs, builds, and sells plants for the iron and steel industry in Europe, the Middle East, the Americas, and Southeast Asia. It operates through two segments, Plant Making and Steel Making. The company designs and builds plants for various process areas, including mines; pellet production plants; blast furnaces; direct reduction; scrap shredders; steelworks for production of liquid steel; and continuous casting for blooms and billets, slabs, and thin slabs. It designs and builds rolling mills for long products and seamless tubes; hot and cold rolling mills for flat products; process lines for flat products; and conditioning plants. In addition, the company offers plants for secondary processing, such as peeling, straightening, 2-roll reeling, and drawing machines; forging presses and manipulators, and forging plants; extrusion presses for ferrous and non-ferrous materials; plants for longitudinal cutting and for transversal cutting; and cranes and lifting equipment. Further, it is involved in the production and sale of special steel comprising ingots, blooms, billets, and forged and rolled products; and structural steel comprising high carbon steel, as well as case-hardened, hardened and tempered, and surface hardened steel for use in various engineering components. The company was founded in 1914 and is based in Buttrio, Italy.
View company page →▲ ACCIONES|BERKSHIRE HATHAWAY INC
Goes from 0.56% to 0.98%.
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 →▼ ACCIONES|Facebook Inc
Goes from 2.60% to 1.87%.
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.
View company page →▼ ACCIONES|BOLLORE SA
Goes from 1.39% to 1.00%.
Bolloré SE engages in the transportation and logistics, communications, and industry businesses in France, rest of Europe, the Americas, the Asia-Pacific, and Africa. The company operates through Bolloré Energy, Communications, and Industry segments. It is involved in distribution and warehousing of oil products, as well as domestic fuel oil and transport and other diesel. The company also engages in the publishing and distribution of pay and free TV and production; sale and distribution of cinema films and TV series; design and release of downloadable video games on mobile devices and consoles; ticketing and venue services; communications consulting and advertising agencies; magazine sales; sales of goods and circulation of publications; travel retail sales; and sales of licenses and subscription services. In addition, it is involved in production and sale of electric batteries and their applications; and electric vehicles, and electricity storage and solutions and films. The company was founded in 1822 and is based in Puteaux, France. Bolloré SE operates as a subsidiary of Compagnie de l'Odet.
View company page →▼ ACCIONES|Fairfax India Holdings Corp
Goes from 1.43% to 1.07%.
Fairfax India Holdings Corporation, together with its subsidiaries, operates as an investment holding company in India. It invests in public and private equity securities and debt instruments, as well as Indian businesses or other businesses with customers, suppliers, or business. The company was incorporated in 2014 and is headquartered in Toronto, Canada.
View company page →Fixed income
Declared FI exposure
9.1 M €
% of portfolio
41.6%
Positions
59
Issuers
58
Sovereign: 966,355 €
Corporate: 8.1 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 · 10.1%3-6 months · 9.8%6-12 months · 11.4%1-2 years · 20.6%2-5 years · 25.1%5-10 years · 20.6%> 10 years · 2.4%
Maturity
Positions
Exposure
%
Matured or ≤3 months
7
911,618 €
10.1%
3-6 months
5
890,433 €
9.8%
6-12 months
6
1.0 M €
11.4%
1-2 years
12
1.9 M €
20.6%
2-5 years
15
2.3 M €
25.1%
5-10 years
12
1.9 M €
20.6%
> 10 years
2
213,979 €
2.4%
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
GOLAR LNG LTD
Corporate
1
246,543 €
2027-10-02
Wizz Air Finance Company
Corporate
1
233,179 €
2026-01-19
ABANCA CORP BANCARIA
Corporate
1
224,677 €
2028-06-23
STATE OF ISRAEL
Sovereign
1
218,212 €
2032-01-18
MRX US
Corporate
1
218,017 €
2027-11-02
EPH FIN INTERNATIONAL AS
Corporate
1
215,081 €
2029-08-30
TDC NET AS
Corporate
1
213,914 €
2029-11-06
ESSENDI SA
Corporate
1
213,672 €
2026-10-15
ATRADIUS CREDITO Y CAUCI
Corporate
1
211,589 €
2033-10-17
CMA CGM
Corporate
1
210,543 €
2026-07-15
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
US38046YAE14 GOLAR LNG LTD
7.50%
2027-10-02
246,543 €
XS2433361719 Wizz Air Finance Company
1.00%
2026-01-19
233,179 €
ES0265936049 ABANCA CORP BANCARIA
8.38%
2028-06-23
224,677 €
XS2433136194 STATE OF ISRAEL
0.63%
2032-01-18
218,212 €
XS2580291354 MRX US
8.38%
2027-11-02
218,017 €
XS2822505439 EPH FIN INTERNATIONAL AS
5.88%
2029-08-30
215,081 €
XS2582501925 TDC NET AS
5.62%
2029-11-06
213,914 €
XS2900445615 ESSENDI SA
6.38%
2026-10-15
213,672 €
XS2798125907 ATRADIUS CREDITO Y CAUCI
5.00%
2033-10-17
211,589 €
XS2852136816 CMA CGM
5.50%
2026-07-15
210,543 €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
EUR
8.5 M €
93.6%
USD
582,552 €
6.4%
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: 14
Exits at maturity: 6
Exits not explained by maturity: 2
+ GOLAR LNG LTD
Enters the portfolio at 1.13% weight.
+ STATE OF ISRAEL
Enters the portfolio at 1.00% weight.
+ MRX US
Enters the portfolio at 1.00% weight.
+ FORVIA SE
Enters the portfolio at 0.96% weight.
+ AZELIS FINANCE NV
Enters the portfolio at 0.95% weight.
+ BARRY CALLEBAUT SVCS NV
Enters the portfolio at 0.95% weight.
+ RAIFFEISEN BANK INTL
Enters the portfolio at 0.92% weight.
+ DOMETIC GROUP AB
Enters the portfolio at 0.89% weight.
+ GRENKE FINANCE PLC
Enters the portfolio at 0.84% weight.
+ CHANEL CERES PLC
Enters the portfolio at 0.80% weight.
+ MAXAM PRILL SARL
Enters the portfolio at 0.80% weight.
+ FLUTTER TREASURY DAC
Enters the portfolio at 0.78% weight.
+ FIBERCOP SPA
Enters the portfolio at 0.75% weight.
+ ONTEX GROUP NV
Enters the portfolio at 0.74% weight.
− WARNERMEDIA HOLDINGS INC
Leaves the portfolio; it was 0.76% of weight.
− WALGREENS BOOTS ALLIANCE
Leaves the portfolio; it was 0.71% of weight.
◦ ALSTRIA OFFICE REIT-AG
Leaves the portfolio; it was 0.94% of weight.
◦ MAIRE TECNIMONT SPA
Leaves the portfolio; it was 0.84% of weight.
◦ TELEPERFORMANCE
Leaves the portfolio; it was 0.54% of weight.
◦ Inmobiliaria del Sur SA
Leaves the portfolio; it was 0.54% of weight.
◦ EUTELSAT SA
Leaves the portfolio; it was 0.54% of weight.
◦ ASMODEE GROUP AB
Leaves the portfolio; it was 0.53% 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.