Manager
UBS WEALTH MANAGEMENT, S.G.I.I.C., S.A.
See the CNMV manager universe →
Fund page
UBS PREMIUM MODERADO, FI
Category
—
Latest period
H2 2025
Positions
142
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.
142
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 42
Exits: 30
Increases: 3
Cuts: 4
+ ACCIONES|AMRIZE LD
Enters the portfolio at 0.41% weight.
Amrize AG engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America and Canada. It operates through two segments, Building Materials and Building Envelope. The Building Materials segment offers cement and aggregates, as well as ready-mix concrete, asphalt, and other construction materials. The Building Envelope segment provides advanced roofing and wall systems, including single-ply membranes, insulation, shingles, sheathing, waterproofing, and protective coatings; and adhesives, tapes, and sealants. The company was formerly known as Holcim North America Finance Ltd and changed its name to Amrize AG in December 2013. Amrize AG was incorporated in 2023 and is based in Zug, Switzerland.
View company page →− CAIXABANK SA
Leaves the portfolio; it was 1.30% of weight.
− GOBIERNO DE ALEMANIA
Leaves the portfolio; it was 1.19% of weight.
− BANK OF AMERICA CORP
Leaves the portfolio; it was 0.88% of weight.
− VEOLIA ENVIRONNEMENT
Leaves the portfolio; it was 0.88% of weight.
− BNP PARIBAS
Leaves the portfolio; it was 0.85% of weight.
− NETFLIX INC
Leaves the portfolio; it was 0.77% of weight.
− FCC AQUALIA SA
Leaves the portfolio; it was 0.74% of weight.
− KRAFT HEINZ CO/THE
Leaves the portfolio; it was 0.73% of weight.
− CAIXA GRAL. DE DEPOS
Leaves the portfolio; it was 0.64% of weight.
− BANCA MONTE DEI PASC
Leaves the portfolio; it was 0.63% of weight.
− UNICREDIT SPA
Leaves the portfolio; it was 0.63% of weight.
− A2A SPA
Leaves the portfolio; it was 0.62% of weight.
− NATWEST GROUP PLC
Leaves the portfolio; it was 0.62% of weight.
− SECURITAS TREASURY I
Leaves the portfolio; it was 0.61% of weight.
− RENAULT SA
Leaves the portfolio; it was 0.60% of weight.
− ABANCA CORP BANCARIA
Leaves the portfolio; it was 0.60% of weight.
− BANKINTER SA
Leaves the portfolio; it was 0.59% of weight.
− BANCO SANTANDER SA
Leaves the portfolio; it was 0.59% of weight.
− FORD MOTOR CO
Leaves the portfolio; it was 0.59% of weight.
− GENERAL ELECTRIC CO
Leaves the portfolio; it was 0.59% of weight.
− GAS NATURAL FENOSA F
Leaves the portfolio; it was 0.58% of weight.
− ALLIANZ SE
Leaves the portfolio; it was 0.51% of weight.
− ACCIONES|GROUPE EUROTUNNEL SA
Leaves the portfolio; it was 0.33% of weight.
− ACCIONES|BNP PARIBAS
Leaves the portfolio; it was 0.33% of weight.
− BANCO BPCE SA
Leaves the portfolio; it was 0.29% of weight.
− ACCIONES|ACERINOX SA
Leaves the portfolio; it was 0.25% of weight.
Acerinox, S.A., together with its subsidiaries, manufactures and distributes stainless steel and high-performance alloys in Spain, the United States, Africa, Asia, rest of Europe, and internationally. It operates through Stainless Steel and High-Performance Alloys segments. The company offers flat products, including slab, billet, black coil, plate, engraved coil/sheet, cold rolled coil and sheet, hot rolled coil and sheet, and circles; and stainless steel grades comprising austenitic, ferritic, duplex, and martensitic, as well as wire stainless steels for welding. It also provides long stainless steel products, such as wire, colour coated wire, reinforcement wire, wire rod, hexagonal wire rod, bar, hot rolled and cold rolled reinforcement bar, peeled bar, black bar, profiles, hot rolled reinforcement coil, and angles. In addition, the company offers high performance alloys, including nickel and nickel alloys, cobalt alloys, zirconium, special stainless steels, aluminum and copper, powder for 3D printing, and welding consumables. Its products are used for transport, industrial equipment and engineering, construction and infrastructure, food industry, household appliances and kitchenware, and energy and environmental technology applications. Acerinox, S.A. was incorporated in 1970 and is headquartered in Madrid, Spain.
− ACCIONES|SKECHERS USA
Leaves the portfolio; it was 0.24% of weight.
− ACCIONES|COMCAST CORP
Leaves the portfolio; it was 0.21% of weight.
− ACCIONES|PEPSICO INC
Leaves the portfolio; it was 0.18% of weight.
Fixed income
Declared FI exposure
25.6 M €
% of portfolio
62.0%
Positions
100
Issuers
87
Sovereign: 3.7 M €
Corporate: 21.9 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.
6-12 months · 1.5%1-2 years · 3.9%2-5 years · 75.7%5-10 years · 13.4%> 10 years · 1.6%Unknown · 3.9%
Maturity
Positions
Exposure
%
Matured or ≤3 months
0
0 €
0.0%
3-6 months
0
0 €
0.0%
6-12 months
2
393,710 €
1.5%
1-2 years
5
1.0 M €
3.9%
2-5 years
75
19.4 M €
75.7%
5-10 years
15
3.4 M €
13.4%
> 10 years
2
398,812 €
1.6%
Unknown
1
986,110 €
3.9%
Top issuers
The 10 issuers with the largest declared exposure in this fund, repos excluded.
Issuer
Type
ISINs
Exposure
Next maturity
Bundesrepublik Deutschland
Sovereign
1
986,110 €
—
Reino de España
Sovereign
3
969,528 €
2029-05-31
Repubblica Italiana
Sovereign
2
828,021 €
2029-02-01
UNICREDIT SPA
Corporate
3
707,777 €
2027-12-03
BANCO SANTANDER SA
Bank
2
618,310 €
2029-04-22
DEUTSCHE BANK AG
Corporate
2
608,950 €
2028-06-16
GOBIERNO NETHERLANDS
Sovereign
1
447,115 €
2030-07-15
IRELAND GOVERMENT
Sovereign
1
445,976 €
2030-10-18
BANK OF IRELAND
Corporate
1
432,564 €
2030-07-04
CAIXABANK SA
Bank
2
409,595 €
2027-10-09
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
DE0001102499 Bundesrepublik Deutschland
0.00%
—
986,110 €
IT0005566408 Repubblica Italiana
4.10%
2029-02-01
474,300 €
NL0014555419 GOBIERNO NETHERLANDS
0.00%
2030-07-15
447,115 €
IE00BKFVC899 IRELAND GOVERMENT
0.20%
2030-10-18
445,976 €
XS2643234011 BANK OF IRELAND
5.00%
2030-07-04
432,564 €
XS2745115837 NATWEST GROUP
3.62%
2029-01-09
408,844 €
XS2826616596 CELLNEX FINANCE CO S
3.62%
2029-01-24
407,766 €
XS2002018500 VODAFONE GROUP PLC
1.62%
2030-11-24
374,615 €
IT0005637399 Repubblica Italiana
2.95%
2030-07-01
353,721 €
ES0000012O00 Reino de España
2.70%
2030-01-31
352,613 €
Currencies
Fixed-income exposure by instrument currency.
Currency
Exposure
%
EUR
25.4 M €
99.3%
USD
175,118 €
0.7%
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: 36
Exits at maturity: 0
Exits not explained by maturity: 23
+ BUONI POLIENNALI DEL
Enters the portfolio at 1.15% weight.
+ BANK OF IRELAND
Enters the portfolio at 1.05% weight.
+ VODAFONE GROUP PLC
Enters the portfolio at 0.91% weight.
+ BARCLAYS BK PLC
Enters the portfolio at 0.78% weight.
+ FORD MOTOR CREDIT CO
Enters the portfolio at 0.77% weight.
+ BANCO SANTANDER SA
Enters the portfolio at 0.75% weight.
+ DEUTSCHE BANK AG
Enters the portfolio at 0.75% weight.
+ BANCO SANTANDER SA
Enters the portfolio at 0.75% weight.
+ UNICREDIT SPA
Enters the portfolio at 0.75% weight.
+ MORGAN STANLEY
Enters the portfolio at 0.75% weight.
+ TELIA COMPANY AB
Enters the portfolio at 0.74% weight.
+ NYKREDIT BANK A/S
Enters the portfolio at 0.74% weight.
+ FERROVIAL SA
Enters the portfolio at 0.73% weight.
+ RENAULT SA
Enters the portfolio at 0.73% weight.
+ ENBW INTL FINANCE BV
Enters the portfolio at 0.73% weight.
+ SMURFIT WESTROCK PLC
Enters the portfolio at 0.73% weight.
+ DEUTSCHE BANK AG
Enters the portfolio at 0.73% weight.
+ SCHNEIDER ELECTRIC S
Enters the portfolio at 0.72% weight.
+ REPSOL INTL FINANCE
Enters the portfolio at 0.72% weight.
+ LOUIS DREYFUS FINANC
Enters the portfolio at 0.71% weight.
+ BP CAPITAL MARKETS P
Enters the portfolio at 0.70% weight.
+ ANHEUSER-BUSCH NORTH
Enters the portfolio at 0.62% weight.
+ ENEL FINANCE INTL SA
Enters the portfolio at 0.51% weight.
+ CAIXABANK SA
Enters the portfolio at 0.50% weight.
+ RCI BANQUE SA
Enters the portfolio at 0.50% weight.
+ UNICAJA BANCO SA
Enters the portfolio at 0.49% weight.
+ CAIXABANK SA
Enters the portfolio at 0.49% weight.
+ UNICREDIT SPA
Enters the portfolio at 0.49% weight.
+ BANCO BPCE SA
Enters the portfolio at 0.48% weight.
+ BANCO COMERCIO PORTU
Enters the portfolio at 0.48% weight.
+ IBERDROLA FINANZAS S
Enters the portfolio at 0.48% weight.
+ BANCA MONTE DEI PASC
Enters the portfolio at 0.48% weight.
+ UNICREDIT SPA
Enters the portfolio at 0.48% weight.
+ VOLKSWAGEN INTL FIN
Enters the portfolio at 0.48% weight.
+ VEOLIA ENVIRONNEMENT
Enters the portfolio at 0.47% weight.
+ ORANGE SA
Enters the portfolio at 0.24% weight.
− CAIXABANK SA
Leaves the portfolio; it was 1.30% of weight.
− GOBIERNO DE ALEMANIA
Leaves the portfolio; it was 1.19% of weight.
− BANK OF AMERICA CORP
Leaves the portfolio; it was 0.88% of weight.
− VEOLIA ENVIRONNEMENT
Leaves the portfolio; it was 0.88% of weight.
− BNP PARIBAS
Leaves the portfolio; it was 0.85% of weight.
− NETFLIX INC
Leaves the portfolio; it was 0.77% of weight.
− FCC AQUALIA SA
Leaves the portfolio; it was 0.74% of weight.
− KRAFT HEINZ CO/THE
Leaves the portfolio; it was 0.73% of weight.
− CAIXA GRAL. DE DEPOS
Leaves the portfolio; it was 0.64% of weight.
− BANCA MONTE DEI PASC
Leaves the portfolio; it was 0.63% of weight.
− UNICREDIT SPA
Leaves the portfolio; it was 0.63% of weight.
− A2A SPA
Leaves the portfolio; it was 0.62% of weight.
− NATWEST GROUP PLC
Leaves the portfolio; it was 0.62% of weight.
− SECURITAS TREASURY I
Leaves the portfolio; it was 0.61% of weight.
− RENAULT SA
Leaves the portfolio; it was 0.60% of weight.
− ABANCA CORP BANCARIA
Leaves the portfolio; it was 0.60% of weight.
− BANKINTER SA
Leaves the portfolio; it was 0.59% of weight.
− BANCO SANTANDER SA
Leaves the portfolio; it was 0.59% of weight.
− FORD MOTOR CO
Leaves the portfolio; it was 0.59% of weight.
− GENERAL ELECTRIC CO
Leaves the portfolio; it was 0.59% of weight.
− GAS NATURAL FENOSA F
Leaves the portfolio; it was 0.58% of weight.
− ALLIANZ SE
Leaves the portfolio; it was 0.51% of weight.
− BANCO BPCE SA
Leaves the portfolio; it was 0.29% 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.