Manager
SANTANDER ASSET MANAGEMENT, S.A., SGIIC
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Fund page
SANTANDER GESTION GLOBAL CRECIMIENTO, FI
Category
—
Latest period
H2 2025
Positions
54
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.
54
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 16
Exits: 24
Increases: 5
Cuts: 0
− SPAIN LETRAS DEL TESORO
Leaves the portfolio; it was 0.48% of weight.
− ITALY BUONI ORDI
Leaves the portfolio; it was 0.48% of weight.
− FRANCE REPUBLIC GOVERNMENT BOND OAT COUP
Leaves the portfolio; it was 0.48% of weight.
− ITALY BUONI ORDI
Leaves the portfolio; it was 0.37% of weight.
− FRANCE REPUBLIC
Leaves the portfolio; it was 0.31% of weight.
− FRENCH REPUBLIC
Leaves the portfolio; it was 0.29% of weight.
− BUNDESOBLIGATION
Leaves the portfolio; it was 0.29% of weight.
− AUSTRIA GOVERNME
Leaves the portfolio; it was 0.28% of weight.
− BUNDESOBLIGATION
Leaves the portfolio; it was 0.27% of weight.
− FRANCE REPUBLIC
Leaves the portfolio; it was 0.26% of weight.
− ITALY BUONI POLI
Leaves the portfolio; it was 0.26% of weight.
− BUNDESREPUBLIK D
Leaves the portfolio; it was 0.25% of weight.
− ITALY BUONI POLI
Leaves the portfolio; it was 0.22% of weight.
− SPAIN GOVERNMENT
Leaves the portfolio; it was 0.20% of weight.
− SPAIN GOVERNMENT
Leaves the portfolio; it was 0.18% of weight.
− SPAIN LETRAS DEL
Leaves the portfolio; it was 0.15% of weight.
− BUNDESOBLIGATION
Leaves the portfolio; it was 0.14% of weight.
− FRENCH REPUBLIC
Leaves the portfolio; it was 0.12% of weight.
− ITALY BUONI POLI
Leaves the portfolio; it was 0.11% of weight.
− SPAIN GOVERNMENT
Leaves the portfolio; it was 0.11% of weight.
− FRANCE REPUBLIC
Leaves the portfolio; it was 0.09% of weight.
− IRELAND GOVERNME
Leaves the portfolio; it was 0.05% of weight.
− BUNDESOBLIGATION
Leaves the portfolio; it was 0.04% of weight.
− FRANCE REPUBLIC
Leaves the portfolio; it was 0.03% of weight.
Fixed income
Declared FI exposure
311.1 M €
% of portfolio
13.1%
Positions
53
Issuers
11
Sovereign: 302.8 M €
Corporate: 8.3 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.
3-6 months · 0.4%6-12 months · 9.1%1-2 years · 6.7%2-5 years · 45.0%5-10 years · 35.3%Unknown · 3.5%
Maturity
Positions
Exposure
%
Matured or ≤3 months
0
0 €
0.0%
3-6 months
1
1.4 M €
0.4%
6-12 months
3
28.3 M €
9.1%
1-2 years
4
20.9 M €
6.7%
2-5 years
17
139.9 M €
45.0%
5-10 years
27
109.7 M €
35.3%
> 10 years
0
0 €
0.0%
Unknown
1
10.9 M €
3.5%
Top issuers
The 10 issuers with the largest declared exposure in this fund, repos excluded.
Issuer
Type
ISINs
Exposure
Next maturity
Repubblica Italiana
Sovereign
12
80.9 M €
2026-08-14
République Française
Sovereign
11
74.7 M €
2026-07-15
Reino de España
Sovereign
8
59.8 M €
2026-05-31
Bundesrepublik Deutschland
Sovereign
10
58.7 M €
2027-06-10
BELGIUM GOVERNME
Sovereign
3
11.0 M €
2031-06-22
AUSTRIA, REPUBLI
Corporate
2
8.3 M €
2030-10-20
NETHERLANDS GOVE
Sovereign
2
6.3 M €
2031-07-15
IRELAND GOVERNME
Sovereign
1
4.8 M €
2030-10-18
PORTUGAL OBRIGAC
Sovereign
2
2.8 M €
2033-10-14
FINLAND, REPUBLI
Sovereign
1
2.4 M €
2034-04-15
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
ES0000012O59 Reino de España
2.40%
2028-05-31
13.7 M €
IT0005619546 Repubblica Italiana
3.15%
2031-11-15
12.9 M €
IT0005584849 Repubblica Italiana
3.35%
2029-07-01
11.2 M €
ES0L02609045 Reino de España
—
—
10.9 M €
IT0005666851 Repubblica Italiana
0.00%
2026-08-14
10.9 M €
ES0000012K53 Reino de España
0.80%
2029-07-30
10.9 M €
FR0013341682 République Française
0.75%
2028-11-25
10.3 M €
ES0000012G34 Reino de España
1.25%
2030-10-31
10.0 M €
DE000BU25026 Bundesrepublik Deutschland
2.10%
2029-04-12
9.9 M €
FR0129132728 République Française
0.00%
2026-07-15
9.8 M €
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: 0
Exits not explained by maturity: 24
+ SPAIN LETRAS DEL TESORO
Enters the portfolio at 0.46% weight.
+ ITALY BUONI ORDI
Enters the portfolio at 0.46% weight.
+ FRANCE REPUBLIC
Enters the portfolio at 0.41% weight.
+ FRANCE REPUBLIC
Enters the portfolio at 0.31% weight.
+ BUNDESOBLIGATION
Enters the portfolio at 0.31% weight.
+ AUSTRIA, REPUBLI
Enters the portfolio at 0.30% weight.
+ BUNDESOBLIGATION
Enters the portfolio at 0.30% weight.
+ BUNDESOBLIGATION
Enters the portfolio at 0.27% weight.
+ ITALY BUONI ORDI
Enters the portfolio at 0.24% weight.
+ SPAIN GOVERNMENT
Enters the portfolio at 0.22% weight.
+ FRENCH REPUBLIC
Enters the portfolio at 0.22% weight.
+ FRANCE REPUBLIC
Enters the portfolio at 0.16% weight.
+ SPAIN GOVERNMENT
Enters the portfolio at 0.15% weight.
+ ITALY BUONI ORDI
Enters the portfolio at 0.13% weight.
+ BUNDESOBLIGATION
Enters the portfolio at 0.07% weight.
+ PORTUGAL OBRIGAC
Enters the portfolio at 0.06% weight.
− SPAIN LETRAS DEL TESORO
Leaves the portfolio; it was 0.48% of weight.
− ITALY BUONI ORDI
Leaves the portfolio; it was 0.48% of weight.
− FRANCE REPUBLIC GOVERNMENT BOND OAT COUP
Leaves the portfolio; it was 0.48% of weight.
− ITALY BUONI ORDI
Leaves the portfolio; it was 0.37% of weight.
− FRANCE REPUBLIC
Leaves the portfolio; it was 0.31% of weight.
− FRENCH REPUBLIC
Leaves the portfolio; it was 0.29% of weight.
− BUNDESOBLIGATION
Leaves the portfolio; it was 0.29% of weight.
− AUSTRIA GOVERNME
Leaves the portfolio; it was 0.28% of weight.
− BUNDESOBLIGATION
Leaves the portfolio; it was 0.27% of weight.
− FRANCE REPUBLIC
Leaves the portfolio; it was 0.26% of weight.
− ITALY BUONI POLI
Leaves the portfolio; it was 0.26% of weight.
− BUNDESREPUBLIK D
Leaves the portfolio; it was 0.25% of weight.
− ITALY BUONI POLI
Leaves the portfolio; it was 0.22% of weight.
− SPAIN GOVERNMENT
Leaves the portfolio; it was 0.20% of weight.
− SPAIN GOVERNMENT
Leaves the portfolio; it was 0.18% of weight.
− SPAIN LETRAS DEL
Leaves the portfolio; it was 0.15% of weight.
− BUNDESOBLIGATION
Leaves the portfolio; it was 0.14% of weight.
− FRENCH REPUBLIC
Leaves the portfolio; it was 0.12% of weight.
− ITALY BUONI POLI
Leaves the portfolio; it was 0.11% of weight.
− SPAIN GOVERNMENT
Leaves the portfolio; it was 0.11% of weight.
− FRANCE REPUBLIC
Leaves the portfolio; it was 0.09% of weight.
− IRELAND GOVERNME
Leaves the portfolio; it was 0.05% of weight.
− BUNDESOBLIGATION
Leaves the portfolio; it was 0.04% of weight.
− FRANCE REPUBLIC
Leaves the portfolio; it was 0.03% 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.