Manager
GESIURIS ASSET MANAGEMENT, SGIIC, S.A.
See the CNMV manager universe →
Fund page
SMILE, FI
Category
—
Latest period
H2 2025
Positions
13
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.
13
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 4
Exits: 2
Increases: 1
Cuts: 8
− DEUDA ESTADO USA
Leaves the portfolio; it was 3.22% of weight.
− BNP PARIBAS SA
Leaves the portfolio; it was 2.45% of weight.
Fixed income
Declared FI exposure
2.7 M €
% of portfolio
55.4%
Positions
9
Issuers
3
Sovereign: 2.4 M €
Corporate: 0 €
Repos / treasury management: 300,000 €
Maturity ladder
Observed contractual maturity of each position, repos excluded. Matured/≤3 months includes bonds maturing in the first days after the period close.
1-2 years · 12.3%2-5 years · 61.8%5-10 years · 25.9%
Maturity
Positions
Exposure
%
Matured or ≤3 months
0
0 €
0.0%
3-6 months
0
0 €
0.0%
6-12 months
0
0 €
0.0%
1-2 years
2
300,532 €
12.3%
2-5 years
3
1.5 M €
61.8%
5-10 years
3
630,112 €
25.9%
> 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
United States Treasury
Sovereign
6
1.7 M €
2027-12-15
Bundesrepublik Deutschland
Sovereign
1
545,101 €
2030-04-18
D.ESTADO U.K.
Sovereign
1
183,503 €
2035-03-07
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
US91282CMD01 United States Treasury
4.38%
2029-12-31
546,234 €
DE000BU25042 Bundesrepublik Deutschland
2.40%
2030-04-18
545,101 €
US912828YS30 United States Treasury
1.75%
2029-11-15
413,340 €
US91282CLW90 United States Treasury
4.25%
2034-11-15
300,750 €
GB00BT7J0027 D.ESTADO U.K.
4.50%
2035-03-07
183,503 €
US91282CMB45 United States Treasury
4.00%
2027-12-15
180,111 €
US91282CNT44 United States Treasury
4.25%
2035-08-15
145,859 €
US91282CBB63 United States Treasury
0.63%
2027-12-31
120,421 €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
USD
1.7 M €
62.4%
EUR
845,101 €
30.9%
GBP
183,503 €
6.7%
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: 1
Exits at maturity: 1
Exits not explained by maturity: 0
+ DEUDA ESTADO USA
Enters the portfolio at 2.95% weight.
◦ DEUDA ESTADO USA
Leaves the portfolio; it was 3.22% 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.