Manager
SANTANDER ASSET MANAGEMENT, S.A., SGIIC
See the CNMV manager universe →
Fund page
SPBG PREMIUM VOLATILIDAD 15, FI
Category
—
Latest period
H2 2025
Positions
6
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.
6
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 2
Exits: 3
Increases: 0
Cuts: 1
+ ACCIONES|META PLATFORMS INC
Enters the portfolio at 0.40% weight.
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 →− SPAIN GOVERNMENT
Leaves the portfolio; it was 7.82% of weight.
− UNITED STATES TR
Leaves the portfolio; it was 1.77% of weight.
− ACCIONES|FERROVIAL SA
Leaves the portfolio; it was 0.33% of weight.
Fixed income
Declared FI exposure
44.4 M €
% of portfolio
13.1%
Positions
4
Issuers
3
Sovereign: 44.4 M €
Corporate: 0 €
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 · 37.1%2-5 years · 24.9%5-10 years · 37.9%
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
16.5 M €
37.1%
2-5 years
1
11.1 M €
24.9%
5-10 years
1
16.8 M €
37.9%
> 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
Repubblica Italiana
Sovereign
2
18.1 M €
2027-04-01
Reino de España
Sovereign
1
16.8 M €
2033-10-31
UNITED STATES TR
Sovereign
1
9.5 M €
2027-06-30
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
ES0000012L78 Reino de España
3.55%
2033-10-31
16.8 M €
IT0005403396 Repubblica Italiana
0.95%
2030-08-01
11.1 M €
US91282CEW73 UNITED STATES TR
3.25%
2027-06-30
9.5 M €
IT0005484552 Repubblica Italiana
1.10%
2027-04-01
7.0 M €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
EUR
34.9 M €
78.6%
USD
9.5 M €
21.4%
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: 1
Exits at maturity: 0
Exits not explained by maturity: 2
+ SPAIN GOVERNMENT
Enters the portfolio at 4.95% weight.
− SPAIN GOVERNMENT
Leaves the portfolio; it was 7.82% of weight.
− UNITED STATES TR
Leaves the portfolio; it was 1.77% 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.