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TRUE VALUE COMPOUNDERS, FI

Category
Latest period
H2 2025
Positions
23

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.

23
Company Type Country Weight Price
ACCIONES|Nagarro SE DE000A3H2200 · EUR Renta Variable Cotizada DE 15.46%
ACCIONES|Newlat Food SpA IT0005385213 · EUR Renta Variable Cotizada IT 9.80%
ACCIONES|goeasy Ltd CA3803551074 · CAD Renta Variable Cotizada CA 5.50%
ACCIONES|Tasmea Ltd AU0000326191 · AUD Renta Variable Cotizada AU 5.04%
ACCIONES|Sesa SpA IT0004729759 · EUR Renta Variable Cotizada IT 4.79% 89.95 EUR
ACCIONES|AERCAP HOLDINGS NV NL0000687663 · USD Renta Variable Cotizada NL 4.71%
ACCIONES|API Group Corp US00187Y1001 · USD Renta Variable Cotizada US 4.68%
ACCIONES|Vidrala SA ES0183746314 · EUR Renta Variable Cotizada ES 4.49%
ACCIONES|Teva Pharmaceutical Industries US8816242098 · USD Renta Variable Cotizada US 4.21% 37.34 USD
ACCIONES|TELEPERFORMANCE FR0000051807 · EUR Renta Variable Cotizada FR 3.13% 71.74 EUR
ACCIONES|Kitwave Group Plc GB00BNYKB709 · GBP Renta Variable Cotizada GB 3.09%
ACCIONES|EPAM Systems Inc US29414B1044 · USD Renta Variable Cotizada US 2.61%
ACCIONES|Haypp Group AB SE0016829469 · SEK Renta Variable Cotizada SE 2.34%
ACCIONES|FDJ UNITED FR0013451333 · EUR Renta Variable Cotizada FR 1.80%
ACCIONES|Alten SA FR0000071946 · EUR Renta Variable Cotizada FR 1.78% 76.05 EUR
ACCIONES|Auto Partner SA PLATPRT00018 · PLN Renta Variable Cotizada PL 1.48%
ACCIONES|GenusPlus Group Ltd AU0000117160 · AUD Renta Variable Cotizada AU 1.39%
ACCIONES|Savaria Corp CA8051121090 · CAD Renta Variable Cotizada CA 1.19%
ACCIONES|WEX Inc US96208T1043 · USD Renta Variable Cotizada US 1.16%
ACCIONES|Globant SA LU0974299876 · USD Renta Variable Cotizada LU 1.15%
ACCIONES|Colliers International Group I CA1946931070 · USD Renta Variable Cotizada CA 1.11%
ACCIONES|Concentrix Corp US20602D1019 · USD Renta Variable Cotizada US 0.85%
ACCIONES|CSAM Health Group AS NO0010894512 · NOK Renta Variable Cotizada NO 0.47%

This period's moves

H2 2025 vs H1 2025 (estimated)

New: 1 Exits: 4 Increases: 11 Cuts: 6
+ ACCIONES|GenusPlus Group Ltd

Enters the portfolio at 1.39% weight.

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− ACCIONES|Endava PLC

Leaves the portfolio; it was 2.64% of weight.

− ACCIONES|Hilton Grand Vacations Inc

Leaves the portfolio; it was 2.54% of weight.

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− ACCIONES|Samsonite Group SA

Leaves the portfolio; it was 2.18% of weight.

− ACCIONES|International Money Express In

Leaves the portfolio; it was 1.16% of weight.

▲ ACCIONES|Nagarro SE

Goes from 9.15% to 15.46%.

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▲ ACCIONES|Tasmea Ltd

Goes from 2.28% to 5.04%.

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▲ ACCIONES|Teva Pharmaceutical Industries

Goes from 1.90% to 4.21%.

Teva Pharmaceutical Industries Limited develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally. It offers generic medicines in various dosage forms, such as tablets, capsules, injectables, inhalants, liquids, transdermal patches, ointments, and creams; sterile products, hormones, high-potency drugs, and cytotoxic substances in parenteral and solid dosage forms; and generic products with medical devices and combination products. The company also focuses on the central nervous system (CNS), respiratory, oncology, and other areas. It provides active pharmaceutical ingredients, as well as contract manufacturing services; and operates an out-licensing platform that offers a portfolio of products to other pharmaceutical companies. The company also offers BENDEKA and TREANDA injections for the treatment of chronic lymphocytic leukemia and indolent b-cell non-hodgkin's lymphoma; COPAXONE, glatiramer acetate injection to treat patients with relapsing forms of multiple sclerosis; AJOVY for the preventive treatment of migraine in adults; AUSTEDO for the treatment of tardive dyskinesia, chorea associated with Huntington's disease and tardive dyskinesia; UZEDY for the treatment of schizophrenia; QVAR RediHaler to treat asthma; BRALTUS, a long-acting muscarinic antagonist; CINQAIR/CINQAERO injection; DuoResp Spiromax budesonide and formoterol powder inhaler; AirDuo RespiClick fluticasone propionate and salmeterol inhalation powder; and ProAir RespiClick inhalation powder. It offers its OTC products under the SUDOCREM, NasenDuo, DICLOX FORTE, OLFEN Max, and FLEGAMINA brand names. The company has collaboration agreements with MedinCell S.A.; Sanofi; Alvotech; and Biolojic Design Ltd., as well as license agreement with MODAG GmbH. Teva Pharmaceutical Industries Limited was founded in 1901 and is based in Tel Aviv-Yafo, Israel.

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▲ ACCIONES|Sesa SpA

Goes from 3.87% to 4.79%.

SeSa S.p.A., together with its subsidiaries, distributes value-added information technology (IT) software and technologies in Italy and internationally. It operates through five segments: Corporate and Digital Ecosystem, Software and System Integration (SSI), Business Services (BS), ICT Value Added Solutions (ICT VAS), and Digital Green VAS. The company provides technological solutions, digital services, and business applications; cloud technology services, cyber security, proprietary ERP and vertical solutions, enterprise platform, digital multimedia and workspace, data science /AI, and digital experience; and digital platforms, vertical banking applications, and security and consulting solutions. It also offers cloud, security software, data center solutions, such as public and hybrid cloud, data center, and cyber security technology solutions; service and digital workspace solutions; networking and collaboration solutions; customer experience and technical support; and handling financial management, organization and digital, planning and control, human resources management, corporate governance, and legal affairs, as well as the extraordinary finance transactions. In addition, the company develops digital skills and platforms; vertical software solutions on cloud platforms for the banking sector; integrated consulting, marketing, education, and technical support services; technologies and services for environmental sustainability, energy production from renewable sources and refurbished technology. SeSa S.p.A. was founded in 1973 and is headquartered in Empoli, Italy. SeSa S.p.A. is a subsidiary of ITH SpA.

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▲ ACCIONES|EPAM Systems Inc

Goes from 1.89% to 2.61%.

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▲ ACCIONES|Auto Partner SA

Goes from 0.77% to 1.48%.

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▲ ACCIONES|Haypp Group AB

Goes from 1.79% to 2.34%.

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▲ ACCIONES|Vidrala SA

Goes from 3.94% to 4.49%.

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▲ ACCIONES|API Group Corp

Goes from 4.24% to 4.68%.

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▲ ACCIONES|Colliers International Group I

Goes from 0.83% to 1.11%.

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▲ ACCIONES|Alten SA

Goes from 1.55% to 1.78%.

Alten S.A. operates as an engineering and technology consultancy company in France, North America, Germany, Scandinavia, Benelux, Iberian, Italy, the United Kingdom, the Asia-Pacific, Switzerland, Eastern Europe, and internationally. It undertakes projects for the technical, research and development, and information systems divisions of industrial, telecoms, and service clients. The company also provides engineering services, such as mechanic and materials, data management, systems engineering and PDM, project management office, quality assurance, manufacturing, environment, health and safety, electronics; embedded software; and construction infrastructure services. In addition, it provides IT services comprising AMOA and business analyst; cybersecurity; artificial intelligence; application software; data management; green IT; software testing and QA; and cloud and infrastructure services. The company serves customers in aeronautics, space, defense and naval, security, automotive, rail and mobility, energy and environment, life sciences and health, banking, industrial equipment and electronics, banking, finance and insurance, telecoms, retail, services, media, and public sectors and government services. Alten S.A. was incorporated in 1988 and is headquartered in Boulogne-Billancourt, France.

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▼ ACCIONES|goeasy Ltd

Goes from 7.01% to 5.50%.

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▼ ACCIONES|AERCAP HOLDINGS NV

Goes from 5.49% to 4.71%.

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▼ ACCIONES|Kitwave Group Plc

Goes from 3.78% to 3.09%.

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▼ ACCIONES|Savaria Corp

Goes from 1.72% to 1.19%.

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▼ ACCIONES|TELEPERFORMANCE

Goes from 3.51% to 3.13%.

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|FDJ UNITED

Goes from 2.13% to 1.80%.

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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.