Manager
SOLVENTIS S.G.I.I.C., S.A.
See the CNMV manager universe →
Fund page
SOLVENTIS HERMES MULTIGESTION, F.I.
Category
—
Latest period
H2 2025
Positions
32
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.
32
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 16
Exits: 5
Increases: 6
Cuts: 5
+ ACCIONES|PAYPAL HOLDINGS INC
Enters the portfolio at 1.58% weight.
PayPal Holdings, Inc. operates a technology platform that enables digital payments for merchants and consumers worldwide. The company operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, consumer credit and debit products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Hyperwallet, Honey, and Paidy names. The company was founded in 1998 and is headquartered in San Jose, California.
View company page →+ ACCIONES|JD.COM INC
Enters the portfolio at 0.93% weight.
JD.com, Inc. operates as a supply chain-based technology and service provider in the People's Republic of China and Europe. It operates through three segments: JD Retail, JD Logistics, and New Businesses. The company provides home appliances; mobile handsets and other digital products; computers, including desktop, laptop, and other various products, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics and other personal care items; and pet products. It offers women's shoes, bags, watches, jewelry, and luxury goods; men's shoes, sports gear, and fitness equipment; automobiles and accessories; maternal and childcare products; toys and musical instruments; food, beverages, and fresh produce; gifts, flowers, and plants; and pharmaceutical and healthcare products, such as OCT pharmaceutical products, nutritional supplements, healthcare services, and other healthcare equipment. In addition, the company provides books, e-books, music, movies, and other media products; virtual goods consisting of online travel agency, attraction tickets, and prepaid phone cards and game cards; industrial products; and installation and maintenance services. Further, it offers online marketplace services for third-party merchants; marketing services; and omni-channel solutions to customers and offline retailers, as well as online healthcare services. Additionally, the company develops, owns, and manages its logistics facilities and other real estate properties to support third parties; and offers asset management services and integrated service platform; leasing of storage facilities and related management services, as well as engages in online retail business; technology-driven supply chain solutions; and logistics services. The company was formerly known as 360buy Jingdong Inc. and changed its name to JD.com, Inc. in January 2014. JD.com, Inc. was incorporated in 2006 and is headquartered in Beijing, the People's Republic of China.
View company page →− AMPER
Leaves the portfolio; it was 4.23% of weight.
− PETROLEOS MEXICA
Leaves the portfolio; it was 4.12% of weight.
− GRIFOLS SA
Leaves the portfolio; it was 3.99% of weight.
− INTERNATIONAL PE
Leaves the portfolio; it was 3.57% of weight.
− ACCIONES|ALIBABA GROUP HOLDING LTD
Leaves the portfolio; it was 1.45% of weight.
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses in the People's Republic of China and internationally. It operates through the Alibaba China E-Commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and All Others segments. The Alibaba China E-commerce Group segment operates Taobao and Tmall, which are digital retail platforms; Taobao Instant Commerce, a local services and on-demand delivery platform; 1688.com, a domestic wholesale marketplace; and Xianyu, a consumer-to-consumer community and marketplace for idle goods. Its Alibaba International Digital Commerce Group segment includes AliExpress, a global e-commerce platform; Trendyol, an e-commerce platform in Turkey; Lazada, an e-commerce platform in Southeast Asia; Daraz, an e-commerce platform in South Asia, primarily in Pakistan and Bangladesh; and Alibaba.com, an integrated international online wholesale marketplace. The Cloud Intelligence Group segment offers a suite of cloud services based on infrastructure-as-a-service, platform-as-a-service, and model-as-a-service. Its All Others segment comprises Amap, a provider of mobile digital maps, navigation, and real-time traffic information in China; Cainiao, which provides logistics solutions; Youku, an online long-form video platform in China; Freshippo, a retail platform for groceries and fresh goods; and Alibaba Health, a pharmaceutical and healthcare services platform. Alibaba Group Holding Limited was incorporated in 1999 and is based in Hangzhou, China.
View company page →Fixed income
Declared FI exposure
590,269 €
% of portfolio
18.8%
Positions
7
Issuers
7
Sovereign: 0 €
Corporate: 590,269 €
Maturity ladder
Observed contractual maturity of each position, repos excluded. Matured/≤3 months includes bonds maturing in the first days after the period close.
2-5 years · 69.3%5-10 years · 13.6%> 10 years · 17.1%
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
0
0 €
0.0%
2-5 years
5
408,935 €
69.3%
5-10 years
1
80,386 €
13.6%
> 10 years
1
100,948 €
17.1%
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
ABANCA CORP BANC
Corporate
1
104,306 €
2028-09-14
ENEL FINANCE INT
Corporate
1
100,948 €
2043-02-20
GENERAL DE ALQUI
Corporate
1
100,818 €
2030-11-25
GREENALIA SA
Corporate
1
100,350 €
2030-11-20
BANK OF AMERICA
Corporate
1
84,696 €
2030-02-07
TRANSOCEAN INTER
Corporate
1
80,386 €
2031-04-15
ALTICE FINCO SA
Corporate
1
18,765 €
2028-01-15
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
ES0265936031 ABANCA CORP BANC
5.25%
2028-09-14
104,306 €
XS2589260996 ENEL FINANCE INT
4.50%
2043-02-20
100,948 €
ES0241571019 GENERAL DE ALQUI
5.25%
2030-11-25
100,818 €
NO0013684563 GREENALIA SA
7.00%
2030-11-20
100,350 €
US06051GHQ55 BANK OF AMERICA
3.97%
2030-02-07
84,696 €
US893830AF64 TRANSOCEAN INTER
7.50%
2031-04-15
80,386 €
XS1577952440 ALTICE FINCO SA
4.75%
2028-01-15
18,765 €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
EUR
425,187 €
72.0%
USD
165,082 €
28.0%
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: 5
Exits at maturity: 0
Exits not explained by maturity: 4
+ GENERAL DE ALQUI
Enters the portfolio at 3.21% weight.
+ GREENALIA
Enters the portfolio at 3.19% weight.
+ BANK OF AMERICA
Enters the portfolio at 2.69% weight.
+ TRANSOCEAN INTER
Enters the portfolio at 2.56% weight.
+ ALTICE FINCO SA
Enters the portfolio at 0.60% weight.
− AMPER
Leaves the portfolio; it was 4.23% of weight.
− PETROLEOS MEXICA
Leaves the portfolio; it was 4.12% of weight.
− GRIFOLS SA
Leaves the portfolio; it was 3.99% of weight.
− INTERNATIONAL PE
Leaves the portfolio; it was 3.57% 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.