Manager
SABADELL ASSET MANAGEMENT, S.A., S.G.I.I.C.
See the CNMV manager universe →
Fund page
SABADELL EMERGENTE MIXTO FLEXIBLE, FI
Category
—
Latest period
H2 2025
Positions
292
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.
292
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 76
Exits: 87
Increases: 5
Cuts: 7
− NBK TIER 1
Leaves the portfolio; it was 1.26% of weight.
− AKBANK TAS
Leaves the portfolio; it was 0.75% of weight.
− CPI PROPERTY
Leaves the portfolio; it was 0.64% of weight.
− ENERGO
Leaves the portfolio; it was 0.62% of weight.
− UZBEKISTAN
Leaves the portfolio; it was 0.61% of weight.
− GHANA SINK
Leaves the portfolio; it was 0.59% of weight.
− EMBRAER NETHERL
Leaves the portfolio; it was 0.55% of weight.
− FIVE HOLDING
Leaves the portfolio; it was 0.54% of weight.
− LD CELULOSE INT
Leaves the portfolio; it was 0.53% of weight.
− FWD GROUP HOLD
Leaves the portfolio; it was 0.52% of weight.
− EREGLI DEMIR
Leaves the portfolio; it was 0.52% of weight.
− ULKER BI
Leaves the portfolio; it was 0.52% of weight.
− CHINA HONGQIAO
Leaves the portfolio; it was 0.52% of weight.
− MUTHOOT SINK
Leaves the portfolio; it was 0.52% of weight.
− SAMMAAN CAP
Leaves the portfolio; it was 0.51% of weight.
− ALSEA
Leaves the portfolio; it was 0.51% of weight.
− FORTEBANK JSC
Leaves the portfolio; it was 0.51% of weight.
− ZHONGSH
Leaves the portfolio; it was 0.50% of weight.
− PETROLEOS MEX
Leaves the portfolio; it was 0.50% of weight.
− CAS CAP NO1
Leaves the portfolio; it was 0.50% of weight.
− SASOL FIN US
Leaves the portfolio; it was 0.48% of weight.
− FRANSHION BRIL
Leaves the portfolio; it was 0.44% of weight.
− BRF BRASIL FOOD
Leaves the portfolio; it was 0.41% of weight.
− BANK MILLE
Leaves the portfolio; it was 0.39% of weight.
− FRESNILLO PLC
Leaves the portfolio; it was 0.36% of weight.
− COLOMBIA
Leaves the portfolio; it was 0.35% of weight.
− ATOS SE
Leaves the portfolio; it was 0.33% of weight.
− PETROLEOS MEX
Leaves the portfolio; it was 0.29% of weight.
− UCRANIA
Leaves the portfolio; it was 0.24% of weight.
− AC.WIWYNN CORP (TWD)
Leaves the portfolio; it was 0.22% of weight.
− AC.LARGAN PRECISION CO LTD (TWD)
Leaves the portfolio; it was 0.21% of weight.
− AC.KING SLIDE WORKS CO LTD (TWD)
Leaves the portfolio; it was 0.18% of weight.
− AC.PIRAEUS FINANCIAL HOLDINGS SA
Leaves the portfolio; it was 0.17% of weight.
− AC.WANT WANT CHINA HOLDINGS LTD (HKD)
Leaves the portfolio; it was 0.14% of weight.
− AC.ASIA VITAL COMPONENTS (TWD)
Leaves the portfolio; it was 0.13% of weight.
− AC.DB INSURANCE CO LTD (KRW)
Leaves the portfolio; it was 0.13% of weight.
− AC.SCIENTEX BERHAD (MYR)
Leaves the portfolio; it was 0.12% of weight.
− AC.LOTES CO LTD (TWD)
Leaves the portfolio; it was 0.12% of weight.
− AC.NEW ORIENTAL EDUCATION-SP ADR (USD)
Leaves the portfolio; it was 0.11% of weight.
− AC.KIMBERLY-CLARK DE MEXICO-A (MXN)
Leaves the portfolio; it was 0.11% of weight.
− AC.ENN NATURAL GAS CO LTD-A (CNH)
Leaves the portfolio; it was 0.10% of weight.
− AC.EMPRESA BRAS.DE AERON (EMBRAER) (BRL)
Leaves the portfolio; it was 0.10% of weight.
− AC.PARK SYSTEMS CORP (KRW)
Leaves the portfolio; it was 0.09% of weight.
− AC.FAR EAST HORIZON LTD (HKD)
Leaves the portfolio; it was 0.09% of weight.
− AC.CHINA RESOURCES SANJIU MED-A (CNH)
Leaves the portfolio; it was 0.09% of weight.
− AC.CAIXA SEGURIDADE PARTICIPACOES (BRL)
Leaves the portfolio; it was 0.09% of weight.
− AC.AUB GROUP LIMITED (AUD)
Leaves the portfolio; it was 0.09% of weight.
− AC.BANCO MACRO SA-ADR (USD)
Leaves the portfolio; it was 0.09% of weight.
− AC.GENTERA SAB DE CV (MXN)
Leaves the portfolio; it was 0.08% of weight.
− AC.MERCADOLIBRE INC (USD)
Leaves the portfolio; it was 0.08% of weight.
− AC.INDOFOOD CBP SUKSES MAKMUR TBK (IDR)
Leaves the portfolio; it was 0.08% of weight.
− AC.FAR EASTONE TELECOMM CO LTD (TWD)
Leaves the portfolio; it was 0.08% of weight.
− AC.CHINA STATE CONSTRUCTION (HKD)
Leaves the portfolio; it was 0.08% of weight.
− AC.WULIANGYE TIBIN CO LTD-A (CNH)
Leaves the portfolio; it was 0.08% of weight.
− AC.BIZLINK HOLDING INC (TWD)
Leaves the portfolio; it was 0.07% of weight.
− AC.INPOST SA
Leaves the portfolio; it was 0.07% of weight.
− AC.COPA HOLDINGS SA-CLASS A (USD)
Leaves the portfolio; it was 0.07% of weight.
− AC.TURK HAVA YOLLARI AO (TRY)
Leaves the portfolio; it was 0.06% of weight.
− AC.XP INC (USD)
Leaves the portfolio; it was 0.06% of weight.
− AC.SUNRESIN NEW MATERIALS CO-A (CNH)
Leaves the portfolio; it was 0.06% of weight.
− AC.ZHEJIANG SANHUA INTELLIGENT (HKD)
Leaves the portfolio; it was 0.06% of weight.
− AC.CIE FINANCIERE RICHEMONT- A (ZAR)
Leaves the portfolio; it was 0.06% of weight.
Compagnie Financière Richemont SA, an investment holding company, engages in the luxury goods business. The company operates through Jewellery Maisons, Specialist Watchmakers, and Other segments. It is involved in the design, manufacture, and distribution of jewelry products, precision timepieces, watches, writing instruments, clothing, and leather goods and accessories. The company provides its products under the Cartier, Van Cleef & Arpels, Vhernier, Buccellati, A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis, Vacheron Constantin, Alaïa, Chloé, Delvaux, dunhill, G/FORE, Gianvito Rossi, Montblanc, Peter Millar, Purdey, Serapian, Watchfinder&Co., TIMEVALLEE, and brand names through retail online retail, and wholesale distribution channels. It offers its products in France, the United Kingdom, Italy, Switzerland, rest of Europe, the United Arab Emirates, rest of the Middle East, Africa, China, Hong Kong, Macau, Japan, South Korea, rest of Asia, the United States, and rest of the Americas. The company was incorporated in 1979 and is headquartered in Bellevue, Switzerland.
View company page →− AC.COCA-COLA FEMSA SAB DE CV (MXN)
Leaves the portfolio; it was 0.06% of weight.
− AC.SWIRE PACIFIC LTD-CL A (HKD)
Leaves the portfolio; it was 0.05% of weight.
− AC.GRUPO MATEUS SA (BRL)
Leaves the portfolio; it was 0.05% of weight.
− AC.CHINA NONFERROUS MINING (HKD)
Leaves the portfolio; it was 0.05% of weight.
− AC.CIMB GROUP HOLDINGS BHD (MYR)
Leaves the portfolio; it was 0.05% of weight.
− AC.JIANGSU EXPRESSWAY CO LTD-H (HKD)
Leaves the portfolio; it was 0.05% of weight.
− AC.MICRO-STAR INTERNATIONAL CO (TWD)
Leaves the portfolio; it was 0.05% of weight.
− AC.MOL HUNGARIAN OIL AND GAS PLC (HUF)
Leaves the portfolio; it was 0.05% of weight.
− AC.BEIJING NEW BUILDING MATER-A (CNH)
Leaves the portfolio; it was 0.05% of weight.
− AC.TOKYO ELECTRON LIMITED (JPY)
Leaves the portfolio; it was 0.05% of weight.
− AC.ZOOMLION HEAVY INDUSTRY - H (HKD)
Leaves the portfolio; it was 0.05% of weight.
− AC.LEONARDO-FINMECCANICA SPA
Leaves the portfolio; it was 0.05% of weight.
− AC.PHISON ELECTRONICS CORP (TWD)
Leaves the portfolio; it was 0.04% of weight.
− AC.CHENBRO MICOM CO LTD (TWD)
Leaves the portfolio; it was 0.04% of weight.
− AC.ANTOFAGASTA PLC (GBP)
Leaves the portfolio; it was 0.04% of weight.
Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company produces copper cathodes and copper concentrates; molybdenum concentrates; and gold and silver by-products. It also provides rail and road cargo services to mining customers in northern Chile. In addition, the company has exploration projects in various countries. It has operations in the United Kingdom, Switzerland, Spain, Germany, rest of Europe, Chile, rest of Latin America, the United States, Japan, China, Singapore, South Korea, Hong Kong, and rest of Asia. The company was incorporated in 1888 and is headquartered in London, the United Kingdom. Antofagasta plc is a subsidiary of Metalinvest Anstalt.
View company page →− AC.KUNLUN ENERGY CO LTD (HKD)
Leaves the portfolio; it was 0.03% of weight.
− AC.CONCORDIA FINANCIAL GROUP (JPY)
Leaves the portfolio; it was 0.03% of weight.
− AC.MIDEA GROUP CO LTD (HKD)
Leaves the portfolio; it was 0.03% of weight.
− AC.BANK RAKYAT INDONESIA PERSER (IDR)
Leaves the portfolio; it was 0.03% of weight.
− AC.METROPOLITAN BANK TRUST (PHP)
Leaves the portfolio; it was 0.03% of weight.
− AC.ENI SPA (IT)
Leaves the portfolio; it was 0.03% of weight.
− AC.ENEOS HOLDINGS INC (JPY)
Leaves the portfolio; it was 0.03% of weight.
− AC.HISENSE HOME APPLIANCES (HKD)
Leaves the portfolio; it was 0.03% of weight.
− AC.WEICHAI POWER CO LTD-H (HKD)
Leaves the portfolio; it was 0.03% of weight.
− AC.SHENZHEN MINDRAY BIO-MEDIC-A (CNH)
Leaves the portfolio; it was 0.02% of weight.
Fixed income
Declared FI exposure
24.8 M €
% of portfolio
66.3%
Positions
128
Issuers
117
Sovereign: 5.6 M €
Corporate: 19.2 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 · 0.6%3-6 months · 0.8%6-12 months · 1.3%1-2 years · 2.0%2-5 years · 29.0%5-10 years · 37.7%> 10 years · 20.5%Unknown · 8.0%
Maturity
Positions
Exposure
%
Matured or ≤3 months
1
159,962 €
0.6%
3-6 months
2
206,386 €
0.8%
6-12 months
2
323,513 €
1.3%
1-2 years
3
488,091 €
2.0%
2-5 years
40
7.2 M €
29.0%
5-10 years
47
9.4 M €
37.7%
> 10 years
23
5.1 M €
20.5%
Unknown
10
2.0 M €
8.0%
Top issuers
The 10 issuers with the largest declared exposure in this fund, repos excluded.
Issuer
Type
ISINs
Exposure
Next maturity
RUMANIA
Corporate
5
1.1 M €
2031-03-22
QATAR
Sovereign
1
861,994 €
2048-04-23
MEXICO
Sovereign
2
536,059 €
2037-05-13
YPF SA SINK
Corporate
2
533,834 €
2031-01-17
PETROLEOS MEX
Corporate
2
500,636 €
2038-06-15
POLONIA
Sovereign
1
434,711 €
2034-09-18
QIC CAYMAN
Corporate
2
389,506 €
—
SAUDI INT BOND
Sovereign
1
367,443 €
2046-10-26
MASH
Corporate
1
358,673 €
2033-02-24
BOS FUNDING
Corporate
1
337,761 €
2029-09-12
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
XS1807174559 QATAR
5.10%
2048-04-23
861,994 €
US731011AY80 POLONIA
5.12%
2034-09-18
434,711 €
XS2689948078 RUMANIA
6.38%
2033-09-18
431,064 €
XS1508675508 SAUDI INT BOND
4.50%
2046-10-26
367,443 €
XS2548003503 MASH
—
2033-02-24
358,673 €
US91086QBB32 MEXICO
4.75%
2044-03-08
354,411 €
USP989MJBV29 YPF SA SINK
8.75%
2031-09-11
351,722 €
US71654QCC42 PETROLEOS MEX
6.75%
2047-09-21
347,334 €
XS2890378453 BOS FUNDING
5.25%
2029-09-12
337,761 €
XS2367109803 ADANI
3.87%
2031-07-22
334,472 €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
USD
21.5 M €
86.8%
EUR
3.3 M €
13.2%
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: 36
Exits at maturity: 0
Exits not explained by maturity: 29
+ YPF SA SINK
Enters the portfolio at 0.94% weight.
+ PETROLEOS MEX
Enters the portfolio at 0.93% weight.
+ ARGENTI SINK
Enters the portfolio at 0.77% weight.
+ UZAUTO MOTOR
Enters the portfolio at 0.68% weight.
+ AUNA SA
Enters the portfolio at 0.68% weight.
+ NA BK OMA
Enters the portfolio at 0.68% weight.
+ MELCO RESSORT
Enters the portfolio at 0.67% weight.
+ MUTHOOT SINK
Enters the portfolio at 0.58% weight.
+ QIC CAYMAN
Enters the portfolio at 0.58% weight.
+ SOFTBANK GR
Enters the portfolio at 0.54% weight.
+ ENERGO
Enters the portfolio at 0.53% weight.
+ RUMANIA
Enters the portfolio at 0.51% weight.
+ EP INFRA
Enters the portfolio at 0.50% weight.
+ COLOMBIA
Enters the portfolio at 0.50% weight.
+ SHIN KONG LIFE
Enters the portfolio at 0.49% weight.
+ MVM ENERGETIKA
Enters the portfolio at 0.48% weight.
+ REP ZAMBIA
Enters the portfolio at 0.48% weight.
+ VIRIDIEN
Enters the portfolio at 0.48% weight.
+ SEPLAT ENERGY
Enters the portfolio at 0.47% weight.
+ 3R LUX SA
Enters the portfolio at 0.47% weight.
+ ABRA GLOBAL
Enters the portfolio at 0.47% weight.
+ CZECHOSL
Enters the portfolio at 0.47% weight.
+ ECOPETROL
Enters the portfolio at 0.47% weight.
+ LI & FUNG
Enters the portfolio at 0.46% weight.
+ ORAZUL ENERGY P
Enters the portfolio at 0.46% weight.
+ VEDAN
Enters the portfolio at 0.46% weight.
+ IPOTEKA
Enters the portfolio at 0.45% weight.
+ SAMMAAN CAP
Enters the portfolio at 0.45% weight.
+ FORTEBANK
Enters the portfolio at 0.44% weight.
+ RUMANIA
Enters the portfolio at 0.42% weight.
+ NEW WORLD CHIN
Enters the portfolio at 0.40% weight.
+ ZORLU ENERJI SINK
Enters the portfolio at 0.39% weight.
+ REP DOMINICAN
Enters the portfolio at 0.34% weight.
+ PROV BUEN A SINK
Enters the portfolio at 0.32% weight.
+ EPH FIN INT
Enters the portfolio at 0.27% weight.
+ DL INVEST GR
Enters the portfolio at 0.26% weight.
− NBK TIER 1
Leaves the portfolio; it was 1.26% of weight.
− AKBANK TAS
Leaves the portfolio; it was 0.75% of weight.
− CPI PROPERTY
Leaves the portfolio; it was 0.64% of weight.
− ENERGO
Leaves the portfolio; it was 0.62% of weight.
− UZBEKISTAN
Leaves the portfolio; it was 0.61% of weight.
− GHANA SINK
Leaves the portfolio; it was 0.59% of weight.
− EMBRAER NETHERL
Leaves the portfolio; it was 0.55% of weight.
− FIVE HOLDING
Leaves the portfolio; it was 0.54% of weight.
− LD CELULOSE INT
Leaves the portfolio; it was 0.53% of weight.
− FWD GROUP HOLD
Leaves the portfolio; it was 0.52% of weight.
− EREGLI DEMIR
Leaves the portfolio; it was 0.52% of weight.
− ULKER BI
Leaves the portfolio; it was 0.52% of weight.
− CHINA HONGQIAO
Leaves the portfolio; it was 0.52% of weight.
− MUTHOOT SINK
Leaves the portfolio; it was 0.52% of weight.
− SAMMAAN CAP
Leaves the portfolio; it was 0.51% of weight.
− ALSEA
Leaves the portfolio; it was 0.51% of weight.
− FORTEBANK JSC
Leaves the portfolio; it was 0.51% of weight.
− ZHONGSH
Leaves the portfolio; it was 0.50% of weight.
− PETROLEOS MEX
Leaves the portfolio; it was 0.50% of weight.
− CAS CAP NO1
Leaves the portfolio; it was 0.50% of weight.
− SASOL FIN US
Leaves the portfolio; it was 0.48% of weight.
− FRANSHION BRIL
Leaves the portfolio; it was 0.44% of weight.
− BRF BRASIL FOOD
Leaves the portfolio; it was 0.41% of weight.
− BANK MILLE
Leaves the portfolio; it was 0.39% of weight.
− FRESNILLO PLC
Leaves the portfolio; it was 0.36% of weight.
− COLOMBIA
Leaves the portfolio; it was 0.35% of weight.
− ATOS SE
Leaves the portfolio; it was 0.33% of weight.
− PETROLEOS MEX
Leaves the portfolio; it was 0.29% of weight.
− UCRANIA
Leaves the portfolio; it was 0.24% 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.