Manager
GESIURIS ASSET MANAGEMENT, SGIIC, S.A.
See the CNMV manager universe →
Fund page
ZENIT GESTIÓN, FI
Category
—
Latest period
H2 2025
Positions
45
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.
45
Company
Type
Country
Weight
Price
This period's moves
H2 2025 vs H1 2025 (estimated)
New: 32
Exits: 20
Increases: 2
Cuts: 5
+ ACCIONES|TALGO SA
Enters the portfolio at 1.11% weight.
Talgo, S.A. engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide. It provides high speed, intercity, commuter and regional, and locomotive railway products. The company is also involved in the manufacture, delivery, and maintenance of commercialized rolling stock, auxiliary and other, machines, such as pit lathes, measuring equipment, and shunting cars, as well as rolling stock renovations/remodelling. The company was formerly known as Pegaso Rail International, S.A. Talgo, S.A. was founded in 1942 and is headquartered in Madrid, Spain.
View company page →− INVEREARY
Leaves the portfolio; it was 4.47% of weight.
− B67302489
Leaves the portfolio; it was 4.47% of weight.
− TSK
Leaves the portfolio; it was 4.47% of weight.
− COPASA
Leaves the portfolio; it was 2.98% of weight.
− OK MOBILITY GROUP
Leaves the portfolio; it was 2.98% of weight.
− VOCENTO, S.A.
Leaves the portfolio; it was 2.98% of weight.
− OPDENERGY HOLDINGS S
Leaves the portfolio; it was 2.98% of weight.
− AMPER
Leaves the portfolio; it was 2.97% of weight.
− GREENALIA SA
Leaves the portfolio; it was 2.96% of weight.
− LA SIRENA ALIMENTACI
Leaves the portfolio; it was 2.96% of weight.
− LANTANIA
Leaves the portfolio; it was 2.95% of weight.
− NETWORK STEEL RESOUR
Leaves the portfolio; it was 2.92% of weight.
− AMPER
Leaves the portfolio; it was 2.86% of weight.
− EUSKALTEL SA
Leaves the portfolio; it was 1.49% of weight.
− NETWORK STEEL RESOUR
Leaves the portfolio; it was 1.49% of weight.
− LA SIRENA ALIMENTACI
Leaves the portfolio; it was 1.48% of weight.
− AMPER
Leaves the portfolio; it was 1.48% of weight.
− OPDENERGY HOLDINGS S
Leaves the portfolio; it was 1.47% of weight.
− GRUPO GREENING 2022
Leaves the portfolio; it was 1.44% of weight.
− ACCIONES|ITALIAN SEA GROUP SP
Leaves the portfolio; it was 0.61% of weight.
Fixed income
Declared FI exposure
6.4 M €
% of portfolio
87.4%
Positions
26
Issuers
20
Sovereign: 0 €
Corporate: 4.9 M €
Repos / treasury management: 1.4 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 · 47.5%3-6 months · 21.5%6-12 months · 13.6%1-2 years · 11.2%2-5 years · 6.1%
Maturity
Positions
Exposure
%
Matured or ≤3 months
11
2.4 M €
47.5%
3-6 months
6
1.1 M €
21.5%
6-12 months
4
675,343 €
13.6%
1-2 years
3
555,393 €
11.2%
2-5 years
1
301,554 €
6.1%
5-10 years
0
0 €
0.0%
> 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
AMPER
Corporate
2
461,825 €
2027-01-22
GENERAL DE ALQUILER
Corporate
1
301,554 €
2030-11-25
B67302489
Corporate
2
296,651 €
2026-02-03
GRUPO AZVI
Corporate
1
295,332 €
2026-03-12
Audax Energia
Corporate
1
294,949 €
2026-01-19
Grupo Ecoener SA
Corporate
1
294,835 €
2026-03-24
ONTIME CORPORATE UNI
Corporate
1
294,552 €
2026-01-16
SOLARIA ENERGIA
Corporate
1
294,343 €
2026-01-23
Grenergy Renovables,
Corporate
1
293,815 €
2026-07-31
NUEVA EXPRESION TEXT
Corporate
1
289,603 €
2026-05-20
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
ES0241571019 GENERAL DE ALQUILER
5.25%
2030-11-25
301,554 €
ES0505760233 GRUPO AZVI
3.42%
2026-03-12
295,332 €
ES05364630B2 Audax Energia
3.44%
2026-01-19
294,949 €
ES0505604597 ONTIME CORPORATE UNI
3.70%
2026-01-16
294,552 €
ES0565386473 SOLARIA ENERGIA
3.78%
2026-01-23
294,343 €
ES0505079329 Grenergy Renovables,
4.06%
2026-07-31
293,815 €
ES0526962024 NUEVA EXPRESION TEXT
7.32%
2026-05-20
289,603 €
ES0505848061 COX ABG GROUP SA
4.74%
2026-03-30
289,542 €
ES0505722225 OESIA
4.90%
2026-04-01
286,210 €
ES05092600Z3 AMPER
5.85%
2027-04-23
275,456 €
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: 19
Exits at maturity: 18
Exits not explained by maturity: 1
+ GENERAL DE ALQUILER
Enters the portfolio at 4.13% weight.
+ GRUPO AZVI SL
Enters the portfolio at 4.04% weight.
+ AUDAX ENERGIA
Enters the portfolio at 4.04% weight.
+ ONTIME CORPORATE UNI
Enters the portfolio at 4.03% weight.
+ SOLARIA ENERGIA
Enters the portfolio at 4.03% weight.
+ NUEVA EXPRESION TEXT
Enters the portfolio at 3.96% weight.
+ AMPER
Enters the portfolio at 3.77% weight.
+ B67302489
Enters the portfolio at 2.72% weight.
+ LANTANIA
Enters the portfolio at 2.70% weight.
+ GRUPO ECOENER SA
Enters the portfolio at 1.34% weight.
+ VOCENTO, S.A.
Enters the portfolio at 2.68% weight.
+ OPDENERGY HOLDINGS S
Enters the portfolio at 2.62% weight.
+ AMPER
Enters the portfolio at 2.55% weight.
+ B67302489
Enters the portfolio at 1.34% weight.
+ OPDENERGY HOLDINGS S
Enters the portfolio at 1.34% weight.
+ LA SIRENA ALIMENTACI
Enters the portfolio at 1.34% weight.
+ FERROGLOBE
Enters the portfolio at 1.30% weight.
+ LA SIRENA ALIMENTACI
Enters the portfolio at 1.30% weight.
+ GRUPO TRADEBE MEDIOA
Enters the portfolio at 1.28% weight.
− AMPER
Leaves the portfolio; it was 2.86% of weight.
◦ INVEREARY
Leaves the portfolio; it was 4.47% of weight.
◦ B67302489
Leaves the portfolio; it was 4.47% of weight.
◦ TSK
Leaves the portfolio; it was 4.47% of weight.
◦ COPASA
Leaves the portfolio; it was 2.98% of weight.
◦ OK MOBILITY GROUP
Leaves the portfolio; it was 2.98% of weight.
◦ VOCENTO, S.A.
Leaves the portfolio; it was 2.98% of weight.
◦ OPDENERGY HOLDINGS S
Leaves the portfolio; it was 2.98% of weight.
◦ AMPER
Leaves the portfolio; it was 2.97% of weight.
◦ GREENALIA SA
Leaves the portfolio; it was 2.96% of weight.
◦ LA SIRENA ALIMENTACI
Leaves the portfolio; it was 2.96% of weight.
◦ LANTANIA
Leaves the portfolio; it was 2.95% of weight.
◦ NETWORK STEEL RESOUR
Leaves the portfolio; it was 2.92% of weight.
◦ EUSKALTEL SA
Leaves the portfolio; it was 1.49% of weight.
◦ NETWORK STEEL RESOUR
Leaves the portfolio; it was 1.49% of weight.
◦ LA SIRENA ALIMENTACI
Leaves the portfolio; it was 1.48% of weight.
◦ AMPER
Leaves the portfolio; it was 1.48% of weight.
◦ OPDENERGY HOLDINGS S
Leaves the portfolio; it was 1.47% of weight.
◦ GRUPO GREENING 2022
Leaves the portfolio; it was 1.44% 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.