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TRUE CAPITAL FI

Category
Latest period
H2 2025
Positions
29

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.

29
Company Type Country Weight Price
ACCIONES|ALPHABET INC US02079K1079 · USD Renta Variable Cotizada US 5.90%
ACCIONES|Diploma PLC GB0001826634 · GBP Renta Variable Cotizada GB 4.86%
ACCIONES|MOODY´S CORPORATION US6153691059 · USD Renta Variable Cotizada US 4.82%
ACCIONES|VISA INC US92826C8394 · USD Renta Variable Cotizada US 4.76%
ACCIONES|MASTERCARD INC US57636Q1040 · USD Renta Variable Cotizada US 4.75%
ACCIONES|Brookfield Corp CA11271J1075 · USD Renta Variable Cotizada CA 4.36%
ACCIONES|MICROSOFT CORP US5949181045 · USD Renta Variable Cotizada US 4.34% 483.24 USD
ACCIONES|Halma PLC GB0004052071 · GBP Renta Variable Cotizada GB 4.32%
ACCIONES|Constellation Software Inc/Can CA21037X1006 · CAD Renta Variable Cotizada CA 3.86%
ACCIONES|O´REILLY AUTOMOTIVE INC US67103H1077 · USD Renta Variable Cotizada US 3.85%
ACCIONES|S&P GLOBAL INC US78409V1044 · USD Renta Variable Cotizada US 3.82%
ACCIONES|LOCKHEED MARTIN CORP US5398301094 · USD Renta Variable Cotizada US 3.71%
ACCIONES|SS&C Technologies Holdings Inc US78467J1007 · USD Renta Variable Cotizada US 3.66%
ACCIONES|Corpay Inc US2199481068 · USD Renta Variable Cotizada US 3.56%
ACCIONES|Nagarro SE DE000A3H2200 · EUR Renta Variable Cotizada DE 3.50%
ACCIONES|Waste Connections Inc CA94106B1013 · CAD Renta Variable Cotizada CA 3.29%
ACCIONES|STRYKER CORP US8636671013 · USD Renta Variable Cotizada US 3.22%
ACCIONES|DAVITA INC US23918K1088 · USD Renta Variable Cotizada US 3.15%
ACCIONES|AUTOZONE INC US0533321024 · USD Renta Variable Cotizada US 3.08%
ACCIONES|FAIRFAX FINL HLDGS LTD CA3039011026 · CAD Renta Variable Cotizada CA 3.02%
ACCIONES|Facebook Inc US30303M1027 · USD Renta Variable Cotizada US 2.65% 549.90 USD
ACCIONES|Admiral Group PLC GB00B02J6398 · GBP Renta Variable Cotizada GB 2.48%
ACCIONES|Brookfield Asset Management Lt CA1130041058 · USD Renta Variable Cotizada CA 2.27%
ACCIONES|ACCOR SA FR0000120404 · EUR Renta Variable Cotizada FR 1.95%
ACCIONES|Alten SA FR0000071946 · EUR Renta Variable Cotizada FR 1.90% 76.05 EUR
ACCIONES|TransUnion US89400J1079 · USD Renta Variable Cotizada US 1.88%
ACCIONES|AMAZON.COM INC US0231351067 · USD Renta Variable Cotizada US 1.73%
ACCIONES|Domino´s Pizza Inc US25754A2015 · USD Renta Variable Cotizada US 1.59%
ACCIONES|TELEPERFORMANCE FR0000051807 · EUR Renta Variable Cotizada FR 1.28% 71.74 EUR

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 0 Exits: 1 Increases: 11 Cuts: 6
− ACCIONES|Aon PLC

Leaves the portfolio; it was 3.79% of weight.

▲ ACCIONES|ALPHABET INC

Goes from 3.20% to 5.90%.

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▲ ACCIONES|Nagarro SE

Goes from 2.67% to 3.50%.

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▲ ACCIONES|Brookfield Corp

Goes from 3.77% to 4.36%.

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▲ ACCIONES|Halma PLC

Goes from 3.82% to 4.32%.

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▲ ACCIONES|Diploma PLC

Goes from 4.39% to 4.86%.

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▲ ACCIONES|SS&C Technologies Holdings Inc

Goes from 3.33% to 3.66%.

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▲ ACCIONES|LOCKHEED MARTIN CORP

Goes from 3.40% to 3.71%.

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▲ ACCIONES|FAIRFAX FINL HLDGS LTD

Goes from 2.74% to 3.02%.

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▲ ACCIONES|MOODY´S CORPORATION

Goes from 4.55% to 4.82%.

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▲ ACCIONES|MASTERCARD INC

Goes from 4.49% to 4.75%.

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▲ ACCIONES|ACCOR SA

Goes from 1.73% to 1.95%.

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▼ ACCIONES|Constellation Software Inc/Can

Goes from 5.68% to 3.86%.

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▼ ACCIONES|DAVITA INC

Goes from 3.80% to 3.15%.

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▼ ACCIONES|TELEPERFORMANCE

Goes from 1.64% to 1.28%.

Teleperformance SE, together with its subsidiaries, operates as a digital business services company in France and internationally. The company operates in Core Services and Specialized Services segments. The company offers customer relationship, technical assistance, and customer acquisition services; business processes management, and back office and digital platform services; online interpretation, visa application management, health management, recruitment process outsourcing advisory and assistance, and accounts receivable credit management services. It also provides digital CX, trust and safety, artificial intelligence, real-time speech understanding, StoryfAI application, TP microservices, and video CX; back-office processing, integrated sales, finance and accounting, smartshoring, work-at-home, multilingual services, ad sales, and rebadging solutions; advanced analytics, business process optimization, business transformation consulting, and technology services; and claims management, collection services, interpretation and translation, recruitment process outsourcing, visa and consular services, and healthcare support. The company serves automotive, energy and utilities, media, government, technology, travel, hospitality, cargo, banking and financial services, healthcare, insurance, retail and e-commerce, telecom, and video games industries. The company was incorporated in 1910 and is based in Paris, France.

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▼ ACCIONES|STRYKER CORP

Goes from 3.47% to 3.22%.

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▼ ACCIONES|AUTOZONE INC

Goes from 3.31% to 3.08%.

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▼ ACCIONES|Facebook Inc

Goes from 2.86% to 2.65%.

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.

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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.