Manager
EDM GESTION, SOCIEDAD ANONIMA, S.G.I.I.C.
See the CNMV manager universe →
Fund page
TABOR, FI
Category
—
Latest period
H2 2025
Positions
22
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.
22
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 12
Exits: 8
Increases: 1
Cuts: 0
+ SPAIN LETRAS DEL TES
Enters the portfolio at 4.83% weight.
Grupo Financiero Galicia S.A., a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Bank, Naranja X, Insurance, and Other Businesses segments. It offers savings, checking, and time deposits; and credit and debit cards. The company also provides personal loans, salary advance, express loans, AfterPay, Buy Now Pay Later, flexible loans, and overdrafts for individuals; and immediate loans, discount of electronic credit invoice and e-checks, pledge and mortgage loans, Sociedad de Garantía Recíproca loans, Socios de valor, productive line, leasing, and purchase of agricultural inputs for companies. In addition, the company offers life, home, personal accident, robbery, cars, and other insurance products; fixed term, traditional fixed term, and purchasing value unit investment products; custody of securities; purchase and sale of foreign currency; private banking; and fixed income products, stocks, CEDEARs, secured loans, mutual funds, stock promissory note, structured solutions, and primary issuances; foreign trade; and capital market and investment banking. Further, it provides online banking services. Grupo Financiero Galicia S.A. was founded in 1905 and is based in Buenos Aires, Argentina.
View company page →+ GESTAMP
Enters the portfolio at 0.94% weight.
Gestamp Automoción, S.A. designs, develops, and manufactures metal components for the automotive industry in Western Europe, Eastern Europe, Mercosur, North America, and Asia. The company offers body-in-white products, large components and assembly parts, such as bonnets, roofs, doors, and mudguards, as well as other surface and assembly parts for use in creation of visible exterior skin of vehicles; and structural and crash-related elements, including floors, pillars, rails, and wheel arches. It also provides chassis parts comprising under body of vehicles and includes systems, frames and related parts, such as front and rear axles and couplings, control arms, and integrated couplings; hinges, door checks, electrical systems, and powered systems. In addition, the company offers hydraulic presses and dies in the areas of hot stamping, cold stamping, hydroforming, and try out of tools. Further, it serves vehicle manufacturers. Gestamp Automoción, S.A. was incorporated in 1997 and is headquartered in Madrid, Spain. Gestamp Automoción, S.A. is a subsidiary of Gestamp 2020, S.L.
View company page →+ ACCIONES|LVMH MOET HENNESSY L
Enters the portfolio at 0.31% weight.
LVMH Moët Hennessy - Louis Vuitton, Société Européenne, together with its subsidiaries, operates as a luxury goods company worldwide. It offers wine and spirit products under the Ao Yun, Ardbeg, Armand de Brignac, Belvedere, Bodega Numanthia, Chandon, Cheval des Andes, Château Cheval Blanc, Château Galoupet, Château d'Yquem, Château d'Esclans, Cloudy Bay, Colgin Cellars, Dom Pérignon, Domaine des Lambrays, Eminente, Glenmorangie, Hennessy, Joseph Phelps, Krug, Mercier, Minuty, Moët & Chandon, Newton Vineyard, Ruinart, SirDavis, Terrazas de los Andes, Veuve Clicquot, Volcan de mi Tierra, and Woodinville brands; fashion and leather products under Barton Perreira,Berluti, Celine, Christian Dior, Fendi, Givenchy, Kenzo, Loewe, Loro Piana, Louis Vuitton, Marc Jacobs, Moynat, Patou, Pucci, Rimowa, and Vuarnet brands; and perfumes and cosmetics products under the Acqua di Parma, Benefit Cosmetics, Fenty Beauty by Rihanna, Fresh, Givenchy Parfums, Guerlain, Kenzo Parfums, Loewe Perfumes, Maison Francis Kurkdjian, Make Up For Ever, OLEHENRIKSEN, Officine Universelle Buly, and Parfums Christian Dior brands. The company also provides watches and jewelry under the Bvlgari, Chaumet, DANIEL ROTH, Fred, Gérald Genta, Hublot, L'Epée 1839, Repossi, TAG Heuer, Tiffany & Co., and Zenith brands; and selective retailing under the 24S, DFS, La Grande Épicerie de Paris, Le Bon Marché Rive Gauche, Samaritaine, and Sephora brands. In addition, it offers french business and cultural publications under the Les Echos group brand; custom-designed yachts under the Feadship brand; hotels under the Cheval Blanc and Belmond brands; and other activities under the Connaissance des Arts, Cova, Investir, Jardin d'Acclimatation, Le Parisien, Paris Match, and Radio Classique brands. LVMH Moët Hennessy - Louis Vuitton, Société Européenne was founded in 1365 and is headquartered in Paris, France.
View company page →+ ACCIONES|NOVO NORDISK A/S
Enters the portfolio at 0.21% weight.
Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products. It operates through two segments, Obesity and Diabetes Care, and Rare Disease. The Obesity and Diabetes care segment provides products for diabetes, obesity, cardiovascular, and other emerging therapy areas. The Rare Disease segment offers products in the areas of rare blood disorders, rare endocrine disorders, and hormone replacement therapy. The company also provides NovoPen 6 and NovoPen Echo Plus, smart insulin pens; Dose Check, an insulin dose guidance application; growth hormone pens and injection needles; and Wegovy pill an oral glucagon-like peptide-1 (GLP-1) receptor agonist therapy for weight management. It operates in Europe, Canada, the United States, Japan, Korea, Oceania, Southeast Asia, Mainland China, Hong Kong and Taiwan, Latin America, the Middle East, and Africa. Novo Nordisk A/S was founded in 1923 and is headquartered in Bagsvaerd, Denmark.
View company page →− SPAIN LETRAS DEL TES
Leaves the portfolio; it was 9.51% of weight.
− URBASER S.A.
Leaves the portfolio; it was 3.31% of weight.
− BANCO DE CREDITO SOC
Leaves the portfolio; it was 1.47% of weight.
− BANCO SANTANDER SA
Leaves the portfolio; it was 1.45% of weight.
− BANCO DE SABADELL SA
Leaves the portfolio; it was 1.06% of weight.
− COTY INC
Leaves the portfolio; it was 0.99% of weight.
Coty Inc., together with its subsidiaries, manufactures, markets, distributes, and sells branded beauty products in the United States and internationally. It operates through two segments: Prestige and Consumer Beauty. The company provides fragrances, color cosmetics, and skin and body care products. It offers prestige products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under Burberry, Calvin Klein, Chloe, Davidoff, Escada, Etro, Gucci, Hugo Boss, Infiniment Coty Paris, Jil Sander, Joop!, Kylie Cosmetics by Kylie Jenner, Lancaster, Marc Jacobs, Orveda, philosophy, and Tiffany & Co. brands. The company provides beauty products through hypermarkets, supermarkets, drug stores, pharmacies, mid-tier department stores, traditional food and drug retailers, and e-commerce retailers under the Adidas, David Beckham, Bozzano, Bourjois, Bruno Banani, CoverGirl, Jovan, LeGer by Lena Gercke, Max Factor, Mexx, Monange, Nautica, Paixao, Rimmel, Risque, Vera Wang, and Sally Hansen brands. It also sells its products through third-party distributors. Coty Inc. was founded in 1904 and is headquartered in New York, New York. Coty Inc. operates as a subsidiary of JAB Beauty B.V.
− MA SMOVIL IBERCOM SA
Leaves the portfolio; it was 0.94% of weight.
− URBASER S.A.
Leaves the portfolio; it was 0.47% of weight.
Fixed income
Declared FI exposure
8.0 M €
% of portfolio
38.8%
Positions
19
Issuers
14
Sovereign: 1.5 M €
Corporate: 6.4 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 · 25.7%3-6 months · 13.5%6-12 months · 33.7%1-2 years · 2.4%2-5 years · 17.7%> 10 years · 7.0%
Maturity
Positions
Exposure
%
Matured or ≤3 months
6
2.1 M €
25.7%
3-6 months
3
1.1 M €
13.5%
6-12 months
6
2.7 M €
33.7%
1-2 years
1
192,908 €
2.4%
2-5 years
2
1.4 M €
17.7%
5-10 years
0
0 €
0.0%
> 10 years
1
557,633 €
7.0%
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
MA SMOVIL IBERCOM SA
Corporate
3
1.3 M €
2026-03-12
Reino de España
Sovereign
1
991,896 €
2026-03-06
ACCIONA FINANCIACION
Corporate
1
963,654 €
2028-02-15
CAIXABANK SA
Bank
2
847,101 €
2026-03-27
GREENALIA SA
Corporate
2
779,393 €
2026-04-24
Euskaltel SA
Corporate
2
772,653 €
2026-09-28
FRANCE (GOVT OF)
Sovereign
1
557,633 €
2055-04-25
FIBERCOP SPA
Corporate
1
444,244 €
2028-07-31
BBVA
Corporate
1
293,264 €
2026-06-21
TALGO
Corporate
1
289,670 €
2026-12-23
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
ES0L02603063 Reino de España
1.98%
2026-03-06
991,896 €
XS2300169419 ACCIONA FINANCIACION
1.86%
2028-02-15
963,654 €
ES05846961K0 MA SMOVIL IBERCOM SA
3.47%
2026-07-13
773,661 €
ES0213307061 CAIXABANK SA
1.12%
2026-11-12
562,038 €
FR0010171975 FRANCE (GOVT OF)
4.00%
2055-04-25
557,633 €
ES0505293466 GREENALIA SA
4.94%
2026-06-26
485,288 €
XS2804500812 FIBERCOP SPA
7.88%
2028-07-31
444,244 €
ES0505075640 Euskaltel SA
3.57%
2026-09-28
386,365 €
ES0505075665 Euskaltel SA
3.56%
2026-10-26
386,288 €
ES0505293516 GREENALIA SA
4.52%
2026-04-24
294,105 €
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: 10
Exits at maturity: 4
Exits not explained by maturity: 4
+ SPAIN LETRAS DEL TES
Enters the portfolio at 4.83% weight.
+ MA SMOVIL IBERCOM SA
Enters the portfolio at 3.77% weight.
+ GREENALIA
Enters the portfolio at 2.36% weight.
+ FIBERCOP SPA
Enters the portfolio at 2.16% weight.
+ EUSKALTEL SA
Enters the portfolio at 1.88% weight.
+ EUSKALTEL SA
Enters the portfolio at 1.88% weight.
+ GREENALIA SA
Enters the portfolio at 1.43% weight.
+ TALGO SA
Enters the portfolio at 1.41% weight.
+ MA SMOVIL IBERCOM SA
Enters the portfolio at 1.41% weight.
+ GESTAMP
Enters the portfolio at 0.94% weight.
− BANCO DE CREDITO SOC
Leaves the portfolio; it was 1.47% of weight.
− BANCO SANTANDER SA
Leaves the portfolio; it was 1.45% of weight.
− BANCO DE SABADELL SA
Leaves the portfolio; it was 1.06% of weight.
− COTY INC
Leaves the portfolio; it was 0.99% of weight.
◦ SPAIN LETRAS DEL TES
Leaves the portfolio; it was 9.51% of weight.
◦ URBASER S.A.
Leaves the portfolio; it was 3.31% of weight.
◦ MA SMOVIL IBERCOM SA
Leaves the portfolio; it was 0.94% of weight.
◦ URBASER S.A.
Leaves the portfolio; it was 0.47% 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.