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TALENTA GLOBAL INVESTMENTS, FI

Manager

TALENTA GESTION , SGIIC, S.A. See the CNMV manager universe →

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.

Company Type Country Weight Price

AXA SA XS2737652474 · EUR Renta Fija Cotizada Mas 1 Anio XS 2.04% —

BANCO SANTANDER SA XS2743029766 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.94% —

BANKINTER SA ES0213679OR9 · EUR Renta Fija Cotizada Mas 1 Anio ES 1.92% —

IBERDROLA FINANZAS S XS2748213290 · EUR Renta Fija Cotizada Mas 1 Anio XS 1.01% —

MC DONALD´S CORP XS2726262863 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.97% —

BOOKING HOLDING INC XS2776511060 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.97% —

REPSOL INTL FINANCE XS3102778191 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.96% —

PROCTER & GAMBLE CO/ XS2810308846 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.96% —

SOCIETE GENERALE SA FR001400KZP3 · EUR Renta Fija Cotizada Menos 1 Anio FR 0.96% —

TOTALENERGIES SE XS2937308737 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.96% —

CITIGROUP INC XS3058827802 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.96% —

GLENCORE CAP FIN DAC XS3081952791 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.96% —

BAYER AG XS2630111982 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.96% —

BP CAPITAL MARKETS P XS2902720171 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.95% —

DANONE SA FR00140127U0 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.95% —

CAIXABANK SA XS2902578322 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.95% —

VOLKSWAGEN INTL FIN XS2604697891 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.95% —

PFIZER INC XS3019320657 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.95% —

MUNICH RE XS3156305925 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.95% —

TOYOTA MOTOR CORP XS2572989650 · EUR Renta Fija Cotizada Menos 1 Anio XS 0.95% —

MORGAN STANLEY XS2790333616 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.95% —

HEIDELBERGER DRUCKMA XS3074499511 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.95% —

GAS NATURAL FENOSA F XS3073629530 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.95% —

VEOLIA ENVIRONNEMENT FR0014012S06 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.95% —

TOYOTA MOTOR CORP XS2757373050 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.95% —

VODAFONE GROUP PLC XS3181537286 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.94% —

CAIXABANK SA XS3007624417 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.94% —

ORANGE SA FR0014010IV2 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.94% —

ING GROEP N.V. XS3002547563 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.94% —

BP CAPITAL MARKETS P XS2193661324 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.94% —

CAP GEMINI SA FR0014012S97 · EUR Renta Fija Cotizada Mas 1 Anio FR 0.94% —

VOLKSWAGEN INTL FIN XS2342732646 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.93% —

HENKEL AG & CO KGAA XS3215616163 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.92% —

COCA-COLA COMPANY XS2307863998 · EUR Renta Fija Cotizada Mas 1 Anio XS 0.77% —

ACCIONES|TOTAL SA FR0000120271 · EUR Renta Variable Cotizada FR 0.33% —

ACCIONES|INDUSTRIA DE DISEÑO TEXTIL SA ES0148396007 · EUR Renta Variable Cotizada ES 0.27% —

ACCIONES|NOVARTIS AG CH0012005267 · CHF Renta Variable Cotizada CH 0.26% —

ACCIONES|ZURICH INSURANCE GROUP AG CH0011075394 · CHF Renta Variable Cotizada CH 0.25% —

ACCIONES|ROCHE HOLDING AG CH0012032048 · CHF Renta Variable Cotizada CH 0.24% —

ACCIONES|ALLIANZ SE DE0008404005 · EUR Renta Variable Cotizada DE 0.24% —

ACCIONES|BP PLC GB0007980591 · GBP Renta Variable Cotizada GB 0.23% 549.50 GBp

ACCIONES|BAYERISCHE MOTOREN WERKE AG DE0005190003 · EUR Renta Variable Cotizada DE 0.22% 58.88 EUR

ACCIONES|NN GROUP NV NL0010773842 · EUR Renta Variable Cotizada NL 0.21% —

ACCIONES|SANOFI FR0000120578 · EUR Renta Variable Cotizada FR 0.21% —

ACCIONES|VOLVO AB MANUFACTURES SE0000115446 · SEK Renta Variable Cotizada SE 0.20% —

ACCIONES|JOHNSON & JOHNSON US4781601046 · USD Renta Variable Cotizada US 0.19% —

ACCIONES|AXA SA FR0000120628 · EUR Renta Variable Cotizada FR 0.19% —

ACCIONES|ORANGE SA FR0000133308 · EUR Renta Variable Cotizada FR 0.18% —

ACCIONES|ENTE NAZIONALE IDROCARBUR ENI IT0003132476 · EUR Renta Variable Cotizada IT 0.17% —

ACCIONES|ING GROEP N.V. NL0011821202 · EUR Renta Variable Cotizada NL 0.16% —

ACCIONES|TENARIS SA LU2598331598 · EUR Renta Variable Cotizada LU 0.16% 22.37 EUR

ACCIONES|BRITISH AMERICAN TOBACCO PLC GB0002875804 · GBP Renta Variable Cotizada GB 0.16% 4131.00 GBp

ACCIONES|GAZTRANSPORT ET TECHNIGA SA FR0011726835 · EUR Renta Variable Cotizada FR 0.15% —

ACCIONES|VINCI S.A. FR0000125486 · EUR Renta Variable Cotizada FR 0.15% —

ACCIONES|MUNICH RE DE0008430026 · EUR Renta Variable Cotizada DE 0.14% —

ACCIONES|CAIXABANK SA ES0140609019 · EUR Renta Variable Cotizada ES 0.14% —

ACCIONES|SIEMENS AG DE0007236101 · EUR Renta Variable Cotizada DE 0.13% —

ACCIONES|AENA SA ES0105046017 · EUR Renta Variable Cotizada ES 0.13% —

ACCIONES|COMPAGNIE DE ST GOBAIN FR0000125007 · EUR Renta Variable Cotizada FR 0.11% 81.20 EUR

ACCIONES|MONCLER SPA IT0004965148 · EUR Renta Variable Cotizada IT 0.11% —

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 12 Exits: 8 Increases: 0 Cuts: 11

+ TOTALENERGIES SE

Enters the portfolio at 0.96% weight.

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+ DANONE SA

Enters the portfolio at 0.95% weight.

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+ MUNICH RE

Enters the portfolio at 0.95% weight.

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+ HEIDELBERGER DRUCKMA

Enters the portfolio at 0.95% weight.

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+ GAS NATURAL FENOSA F

Enters the portfolio at 0.95% weight.

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+ VEOLIA ENVIRONNEMENT

Enters the portfolio at 0.95% weight.

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+ VODAFONE GROUP PLC

Enters the portfolio at 0.94% weight.

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+ CAP GEMINI SA

Enters the portfolio at 0.94% weight.

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+ HENKEL AG & CO KGAA

Enters the portfolio at 0.92% weight.

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+ ACCIONES|ROCHE HOLDING AG

Enters the portfolio at 0.24% weight.

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+ ACCIONES|ORANGE SA

Enters the portfolio at 0.18% weight.

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+ ACCIONES|GAZTRANSPORT ET TECHNIGA SA

Enters the portfolio at 0.15% weight.

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− LVMH MOET HENNESSY L

Leaves the portfolio; it was 1.14% of weight.

− AXA SA

Leaves the portfolio; it was 1.13% of weight.

− BBVA

Leaves the portfolio; it was 1.12% of weight.

− TOTALENERGIES SE

Leaves the portfolio; it was 1.08% of weight.

− ACCIONES|HEIDELBERGCEMENT AG

Leaves the portfolio; it was 0.28% of weight.

Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components. It also offers asphalt; and trades in cement, clinker, secondary cementitious materials, solid, alternative fuels, other building materials, and additives. The company was formerly known as HeidelbergCement AG and changed its name to Heidelberg Materials AG in May 2023. Heidelberg Materials AG was founded in 1873 and is headquartered in Heidelberg, Germany.

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− ACCIONES|HSBC BANK PLC

Leaves the portfolio; it was 0.15% of weight.

− ACCIONES|STELLANTIS NV

Leaves the portfolio; it was 0.09% of weight.

Stellantis N.V. engages in the designing, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, and mobility services worldwide. It provides luxury and premium vehicles; sport utility vehicles; and parts and accessories. The company also provides contract services; retail and dealer financing services; and vehicle leasing and rental services, as well as engages in after-market parts and service businesses and data businesses. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, DS Automobiles, Dodge, Fiat, Jeep, Maserati, Ram Trucks, Opel, Lancia, Vauxhall, Peugeot, Free2move, Share Now, Leasys, and Comau brand names through distributors and dealers. The company has a strategic collaboration with Microsoft Corporation for the development of AI initiatives across sales, customer care, and operations. The company operates in North America, France, Brazil, Italy, Germany, the United Kingdom, Turkiye, Spain, Argentina, Belgium, Austria, the Netherlands, Portugal, Poland, Algeria, Morocco, Japan, China, and internationally. Stellantis N.V. was founded in 1899 and is based in Hoofddorp, the Netherlands.

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− ACCIONES|CHRISTIAN DIOR

Leaves the portfolio; it was 0.06% of weight.

▼ BANCO SANTANDER SA

Goes from 2.34% to 1.94%.

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▼ BANKINTER SA

Goes from 2.31% to 1.92%.

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▼ AXA SA

Goes from 2.43% to 2.04%.

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▼ SOCIETE GENERALE SA

Goes from 1.17% to 0.96%.

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▼ BAYER AG

Goes from 1.16% to 0.96%.

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▼ MC DONALD´S CORP

Goes from 1.17% to 0.97%.

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▼ BP CAPITAL MARKETS P

Goes from 1.14% to 0.94%.

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▼ PROCTER & GAMBLE CO/

Goes from 1.17% to 0.96%.

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▼ BOOKING HOLDING INC

Goes from 1.17% to 0.97%.

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▼ PFIZER INC

Goes from 1.15% to 0.95%.

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▼ VOLKSWAGEN INTL FIN

Goes from 1.15% to 0.95%.

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Fixed income

Declared FI exposure

3.7 M €

% of portfolio

35.2%

Positions

Issuers

Sovereign: 0 € Corporate: 3.7 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.

11% 19% 57%

Matured or ≤3 months · 10.8%6-12 months · 5.4%1-2 years · 8.1%2-5 years · 19.1%5-10 years · 56.6%

Maturity Positions Exposure %

Matured or ≤3 months 4 399,343 € 10.8%

3-6 months 0 0 € 0.0%

6-12 months 2 202,307 € 5.4%

1-2 years 3 301,998 € 8.1%

2-5 years 6 707,753 € 19.1%

5-10 years 19 2.1 M € 56.6%

> 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

AXA SA Corporate 1 215,470 € 2033-07-16

BANCO SANTANDER SA Bank 1 204,317 € 2029-01-09

BANKINTER, S.A. Bank 1 202,246 € 2031-09-10

TOYOTA MOTOR CORP Corporate 2 199,779 € 2026-01-13

CAIXABANK SA Bank 2 199,680 € 2027-09-19

BP CAPITAL MARKETS P Corporate 2 199,484 € 2026-03-22

VOLKSWAGEN INTL FIN Corporate 2 197,970 € 2026-03-29

IBERDROLA FINANZAS S Corporate 1 105,995 € 2031-01-16

MC DONALD´S CORP Corporate 1 101,945 € 2027-11-28

BOOKING HOLDING INC Corporate 1 101,905 € 2029-03-01

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

XS2737652474 AXA SA 6.38% 2033-07-16 215,470 €

XS2743029766 BANCO SANTANDER SA 3.50% 2029-01-09 204,317 €

ES0213679OR9 BANKINTER, S.A. 3.50% 2031-09-10 202,246 €

XS2748213290 IBERDROLA FINANZAS S 4.87% 2031-01-16 105,995 €

XS2726262863 MC DONALD´S CORP 3.62% 2027-11-28 101,945 €

XS2776511060 BOOKING HOLDING INC 3.50% 2029-03-01 101,905 €

XS3102778191 REPSOL INTL FINANCE 4.50% 2031-06-26 101,612 €

XS2810308846 PROCTER & GAMBLE CO/ 3.15% 2028-04-29 101,508 €

FR001400KZP3 SOCIETE GENERALE SA 4.25% 2026-09-28 101,404 €

XS2937308737 TOTALENERGIES SE 4.50% 2034-08-19 101,291 €

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: 9 Exits at maturity: 3 Exits not explained by maturity: 1

+ TOTALENERGIES SE

Enters the portfolio at 0.96% weight.

+ DANONE SA

Enters the portfolio at 0.95% weight.

+ MUNICH RE

Enters the portfolio at 0.95% weight.

+ HEIDELBERGER DRUCKMA

Enters the portfolio at 0.95% weight.

+ GAS NATURAL FENOSA F

Enters the portfolio at 0.95% weight.

+ VEOLIA ENVIRONNEMENT

Enters the portfolio at 0.95% weight.

+ VODAFONE GROUP PLC

Enters the portfolio at 0.94% weight.

+ CAP GEMINI SA

Enters the portfolio at 0.94% weight.

+ HENKEL AG & CO KGAA

Enters the portfolio at 0.92% weight.

− TOTALENERGIES SE

Leaves the portfolio; it was 1.08% of weight.

◦ LVMH MOET HENNESSY L

Leaves the portfolio; it was 1.14% of weight.

◦ AXA SA

Leaves the portfolio; it was 1.13% of weight.

◦ BBVA

Leaves the portfolio; it was 1.12% 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.