Fund Radar

We analyze the holdings investment funds file with the CNMV to see which stocks more managers hold, which are gaining or losing coverage, and where new positions or reduced exposure show up.

How Fund Radar works →

See the CNMV manager-universe analysis →

The 9 boutique funds, in full detail

These funds have their own tracking with more recent data than the CNMV's half-yearly filing — full holdings, moves and a per-fund page.

Funds tracked
9

Portfolios loaded from the CNMV.

Managers
9

Distinct management companies.

Companies held
324

Distinct positions by ISIN, across all tracked funds.

Data period
H1 2026

Period of the latest report loaded.

Data from the periodic reports each manager files with the CNMV, as of 2026-06-30. Delayed by design: it's a snapshot of that period's close, not a real-time portfolio. Source: CNMV, each fund's periodic reports.

Consensus among funds

Companies held by more than one of the value funds we track, matched by ISIN (not by name: the same company can be spelled differently by different funds). Sorted by number of funds, then by average weight. Companies held by a single fund are in the lookup further down.

50
Ticker Company Sector # Price Avg. Funds
ES000001 SPAIN GOVERNMENT B ES00000124C5 — 3 — 4.10% Valentum 10.79%Bestinver 1.48%MyInvestor 0.02% MT.AS ARCELORMITTAL LU1598757687 Basic Materials 3 61.78 EUR 3.02% Magallanes 4.64%Valentum 2.50%Bestinver 1.92% FIH-U.TO FAIRFAX INDIA HOLDINGS CORP CA3038971022 Financial Services 3 17.00 USD 2.24% Horos 2.85%Sigma 2.38%True Value 1.50% RNO.PA Renault FR0000131906 Consumer Cyclical 3 26.30 EUR 2.04% Horos 2.81%Cobas 1.70%Magallanes 1.61% EXO.AS EXOR N.V. NL0012059018 Industrials 3 70.55 EUR 2.00% Horos 2.91%Cobas 2.22%Bestinver 0.86% EZJ.L EASYJET PLC GB00B7KR2P84 Industrials 2 675.00 GBp 6.05% MyInvestor 8.47%Magallanes 3.63% COSH.OL CONSTELLATION OIL SERVICES NO0013597419 Energy 2 136.00 NOK 4.77% Sigma 7.54%Horos 2.00% PLX.PA PLUXEE NL0015001W49 Industrials 2 14.50 EUR 4.41% Horos 5.06%Sigma 3.76% GLNG Golar LNG LTD BMG9456A1009 Energy 2 49.61 USD 4.21% Sigma 5.18%Cobas 3.23% ZEG.L ZEGONA COMMUNICATIONS PLC GB00BVGBY890 Communication Services 2 1740.00 GBp 4.21% Valentum 5.06%Sigma 3.35% FRVIA.PA FAURECIA FR0000121147 Consumer Cyclical 2 8.72 EUR 3.94% MyInvestor 5.51%Magallanes 2.37% TGS.OL TGS NOPEC GEOPHYSICAL CO ASA NO0003078800 Energy 2 143.60 NOK 3.82% Azvalor 3.82%Horos 3.82% SYENS.BR SYENSQO SA BE0974464977 Basic Materials 2 78.20 EUR 3.52% Magallanes 3.92%MyInvestor 3.12% GRF.MC GRIFOLS SA ES0171996087 Healthcare 2 9.59 EUR 3.52% Sigma 6.94%Azvalor 0.09% SGO.PA CIE DE ST GOBAIN FR0000125007 Industrials 2 69.82 EUR 3.50% Magallanes 3.75%Bestinver 3.25% 0184.HK KECK SENG INVESTMENTS HK0184000948 Consumer Cyclical 2 2.32 HKD 3.42% True Value 6.58%Horos 0.26% NE NOBLE CORP GB00BMXNWH07 Energy 2 42.82 USD 3.27% Magallanes 3.40%Azvalor 3.15% AAL.L ANGLO AMERICAN PLC GB00BTK05J60 Basic Materials 2 4042.00 GBp 3.12% Magallanes 4.60%Bestinver 1.64% BORR BORR DRILLING LTD BMG1466R1732 Energy 2 4.20 USD 3.09% Azvalor 4.08%Cobas 2.11% MEL.MC Melia Hotels Intern. ES0176252718 Consumer Cyclical 2 9.99 EUR 2.96% Horos 3.38%Cobas 2.54% HUSQ-B.ST HUSQVARNA AB SE0001662230 Industrials 2 35.00 SEK 2.86% MyInvestor 3.91%Magallanes 1.81% FAGR.BR FAGRON BE0003874915 Healthcare 2 21.75 EUR 2.76% Valentum 2.95%Sigma 2.57% BNR.DE BRENNTAG AG DE000A1DAHH0 Basic Materials 2 59.56 EUR 2.75% Magallanes 3.54%Bestinver 1.96% META FACEBOOK INC US30303M1027 Communication Services 2 751.66 USD 2.69% Bestinver 3.61%Valentum 1.77% KOS Kosmos Energy LTD US5006881065 Energy 2 2.65 USD 2.58% Sigma 3.67%Cobas 1.50% SPM.MI SAIPEN SPA IT0005495657 Energy 2 4.35 EUR 2.54% Magallanes 3.30%Bestinver 1.77% WIZZ.L Wizz Air Holdings JE00BN574F90 Industrials 2 1055.00 GBp 2.41% Cobas 2.93%Magallanes 1.88% AMRZ.SW AMRIZE LTD CH1430134226 Basic Materials 2 31.38 CHF 2.14% Bestinver 3.09%True Value 1.19% AERO.SW MONTANA AEROSPACE AG CH1110425654 Industrials 2 23.10 CHF 2.08% Sigma 2.30%Valentum 1.87% ELIOR.PA Elior Group FR0011950732 Consumer Cyclical 2 1.82 EUR 1.98% MyInvestor 2.30%Cobas 1.67% 3918.HK NAGACORP LTD KYG6382M1096 Consumer Cyclical 2 3.19 HKD 1.92% Sigma 2.47%Horos 1.36% DOU.F DOUGLAS AG DE000BEAU1Y4 Consumer Cyclical 2 7.32 EUR 1.88% MyInvestor 2.03%Cobas 1.72% US86959K SUZANO PAPEL E CELULOSE SA US86959K1051 — 2 — 1.79% Horos 3.27%Azvalor 0.32% TEP.PA Teleperformance SE FR0000051807 Industrials 2 72.36 EUR 1.79% True Value 2.37%Cobas 1.21% GEST.MC GESTAMP AUTOMOCION SA ES0105223004 Consumer Cyclical 2 3.08 EUR 1.78% Horos 2.76%Sigma 0.80% BOL.PA Bollore FR0000039299 Communication Services 2 3.61 EUR 1.73% Horos 2.20%Cobas 1.26% IWG.L IWG PLC JE00BYVQYS01 Real Estate 2 172.50 GBp 1.73% True Value 2.11%Sigma 1.34% SEM.LS Semapa Soc. Investim PTSEM0AM0004 Basic Materials 2 20.75 EUR 1.55% Horos 2.13%Cobas 0.98% LINK.OL LINK MOBILITY GROUP HLDG NO0010894231 Communication Services 2 24.26 NOK 1.49% Valentum 1.85%Sigma 1.12% AMA.AX AMA GROUP LTD AU000000AMA8 Consumer Cyclical 2 0.50 AUD 1.41% Sigma 2.58%Azvalor 0.23% TRI.PA Trigano FR0005691656 Consumer Cyclical 2 131.20 EUR 1.41% Valentum 2.27%MyInvestor 0.54% APAM.AS APERAM W/I LU0569974404 Basic Materials 2 44.50 EUR 1.24% Valentum 2.08%Horos 0.39% TEVA Teva Pharmaceutical US8816242098 Healthcare 2 39.19 USD 1.02% True Value 1.83%Cobas 0.20% ES017199 GRIFOLS SA ES0171996095 — 2 — 0.87% Cobas 1.61%Azvalor 0.13% TRE.MC TECNICAS REUNIDAS SA ES0178165017 Industrials 2 26.42 EUR 0.77% Cobas 1.54%Azvalor 0.00% IBST.L IBSTOCK PLC GB00BYXJC278 Basic Materials 2 71.60 GBp 0.76% Cobas 1.26%Azvalor 0.25% BMW.DE BAYERISCHE MOTOREN WERKE AG DE0005190003 Consumer Cyclical 2 55.72 EUR 0.73% Bestinver 1.46%Azvalor 0.00% ENOG.L ENERGEAN PLC GB00BG12Y042 Energy 2 718.00 GBp 0.71% Cobas 1.39%Azvalor 0.03% BAKKA.OL BAKKAFROST P/F FO0000000179 Consumer Defensive 2 450.00 NOK 0.59% Sigma 1.11%Azvalor 0.06% 2168.HK KAISA PROSPERITY HOLDINGS LT KYG522441032 Real Estate 2 0.98 HKD 0.16% True Value 0.32%Horos 0.00%

Each fund's portfolio

Every company held, with which fund(s) hold it and its weight in each. Filter by fund with the dropdown.

Azvalor

Manager
AZVALOR ASSET MANAGEMENT, SGIIC, S.A.
Category
RV Internac.
Data as of
H1 2026
Positions
83

Bestinver

Manager
BESTINVER GESTION, S.A., S.G.I.I.C.
Category
RV Internac.
Data as of
H1 2026
Positions
43

Cobas

Manager
COBAS ASSET MANAGEMENT, SGIIC, S.A.
Category
RV Internac.
Data as of
H1 2026
Positions
44

Horos

Manager
HOROS ASSET MANAGEMENT, SGIIC, S.A.
Category
RV Internac.
Data as of
H1 2026
Positions
45

Magallanes

Manager
MAGALLANES VALUE INVESTORS, S.A., SGIIC
Category
RV Internac.
Data as of
H1 2026
Positions
34

MyInvestor

Manager
ANDBANK WEALTH MANAGEMENT, SGIIC, S.A.
Category
RV Internac.
Data as of
H1 2026
Positions
35

Sigma

Manager
SINGULAR ASSET MANAGEMENT, SGIIC, S.A.
Category
RV Internac.
Data as of
H1 2026
Positions
33

True Value

Manager
RENTA 4 GESTORA, S.G.I.I.C., S.A.
Category
No category on file
Data as of
H1 2026
Positions
36

Valentum

Manager
VALENTUM ASSET MANAGEMENT, SGIIC, S.A.
Category
No category on file
Data as of
H1 2026
Positions
43

RV Internac. = Renta Variable Internacional (international equities).

324
Company # Funds Price
SPAIN GOVERNMENT B ES00000124C5 3 Valentum 10.79%Bestinver 1.48%MyInvestor 0.02% —
ARCELORMITTAL LU1598757687 3 Magallanes 4.64%Valentum 2.50%Bestinver 1.92% 61.78 EUR
FAIRFAX INDIA HOLDINGS CORP CA3038971022 3 Horos 2.85%Sigma 2.38%True Value 1.50% 17.00 USD
Renault FR0000131906 3 Horos 2.81%Cobas 1.70%Magallanes 1.61% 26.30 EUR
EXOR N.V. NL0012059018 3 Horos 2.91%Cobas 2.22%Bestinver 0.86% 70.55 EUR
EASYJET PLC GB00B7KR2P84 2 MyInvestor 8.47%Magallanes 3.63% 675.00 GBp
CONSTELLATION OIL SERVICES NO0013597419 2 Sigma 7.54%Horos 2.00% 136.00 NOK
PLUXEE NL0015001W49 2 Horos 5.06%Sigma 3.76% 14.50 EUR
Golar LNG LTD BMG9456A1009 2 Sigma 5.18%Cobas 3.23% 49.61 USD
ZEGONA COMMUNICATIONS PLC GB00BVGBY890 2 Valentum 5.06%Sigma 3.35% 1740.00 GBp
FAURECIA FR0000121147 2 MyInvestor 5.51%Magallanes 2.37% 8.72 EUR
TGS NOPEC GEOPHYSICAL CO ASA NO0003078800 2 Azvalor 3.82%Horos 3.82% 143.60 NOK
SYENSQO SA BE0974464977 2 Magallanes 3.92%MyInvestor 3.12% 78.20 EUR
GRIFOLS SA ES0171996087 2 Sigma 6.94%Azvalor 0.09% 9.59 EUR
CIE DE ST GOBAIN FR0000125007 2 Magallanes 3.75%Bestinver 3.25% 69.82 EUR
KECK SENG INVESTMENTS HK0184000948 2 True Value 6.58%Horos 0.26% 2.32 HKD
NOBLE CORP GB00BMXNWH07 2 Magallanes 3.40%Azvalor 3.15% 42.82 USD
ANGLO AMERICAN PLC GB00BTK05J60 2 Magallanes 4.60%Bestinver 1.64% 4042.00 GBp
BORR DRILLING LTD BMG1466R1732 2 Azvalor 4.08%Cobas 2.11% 4.20 USD
Melia Hotels Intern. ES0176252718 2 Horos 3.38%Cobas 2.54% 9.99 EUR
HUSQVARNA AB SE0001662230 2 MyInvestor 3.91%Magallanes 1.81% 35.00 SEK
FAGRON BE0003874915 2 Valentum 2.95%Sigma 2.57% 21.75 EUR
BRENNTAG AG DE000A1DAHH0 2 Magallanes 3.54%Bestinver 1.96% 59.56 EUR
FACEBOOK INC US30303M1027 2 Bestinver 3.61%Valentum 1.77% 751.66 USD
Kosmos Energy LTD US5006881065 2 Sigma 3.67%Cobas 1.50% 2.65 USD
SAIPEN SPA IT0005495657 2 Magallanes 3.30%Bestinver 1.77% 4.35 EUR
Wizz Air Holdings JE00BN574F90 2 Cobas 2.93%Magallanes 1.88% 1055.00 GBp
AMRIZE LTD CH1430134226 2 Bestinver 3.09%True Value 1.19% 31.38 CHF
MONTANA AEROSPACE AG CH1110425654 2 Sigma 2.30%Valentum 1.87% 23.10 CHF
Elior Group FR0011950732 2 MyInvestor 2.30%Cobas 1.67% 1.82 EUR
NAGACORP LTD KYG6382M1096 2 Sigma 2.47%Horos 1.36% 3.19 HKD
DOUGLAS AG DE000BEAU1Y4 2 MyInvestor 2.03%Cobas 1.72% 7.32 EUR
SUZANO PAPEL E CELULOSE SA US86959K1051 2 Horos 3.27%Azvalor 0.32% —
Teleperformance SE FR0000051807 2 True Value 2.37%Cobas 1.21% 72.36 EUR
GESTAMP AUTOMOCION SA ES0105223004 2 Horos 2.76%Sigma 0.80% 3.08 EUR
Bollore FR0000039299 2 Horos 2.20%Cobas 1.26% 3.61 EUR
IWG PLC JE00BYVQYS01 2 True Value 2.11%Sigma 1.34% 172.50 GBp
Semapa Soc. Investim PTSEM0AM0004 2 Horos 2.13%Cobas 0.98% 20.75 EUR
LINK MOBILITY GROUP HLDG NO0010894231 2 Valentum 1.85%Sigma 1.12% 24.26 NOK
AMA GROUP LTD AU000000AMA8 2 Sigma 2.58%Azvalor 0.23% 0.50 AUD
Trigano FR0005691656 2 Valentum 2.27%MyInvestor 0.54% 131.20 EUR
APERAM W/I LU0569974404 2 Valentum 2.08%Horos 0.39% 44.50 EUR
Teva Pharmaceutical US8816242098 2 True Value 1.83%Cobas 0.20% 39.19 USD
GRIFOLS SA ES0171996095 2 Cobas 1.61%Azvalor 0.13% —
TECNICAS REUNIDAS SA ES0178165017 2 Cobas 1.54%Azvalor 0.00% 26.42 EUR
IBSTOCK PLC GB00BYXJC278 2 Cobas 1.26%Azvalor 0.25% 71.60 GBp
BAYERISCHE MOTOREN WERKE AG DE0005190003 2 Bestinver 1.46%Azvalor 0.00% 55.72 EUR
ENERGEAN PLC GB00BG12Y042 2 Cobas 1.39%Azvalor 0.03% 718.00 GBp
BAKKAFROST P/F FO0000000179 2 Sigma 1.11%Azvalor 0.06% 450.00 NOK
KAISA PROSPERITY HOLDINGS LT KYG522441032 2 True Value 0.32%Horos 0.00% 0.98 HKD
Nagarro SE DE000A3H2200 1 True Value 8.03% 78.75 EUR
DCC Plc IE0002424939 1 MyInvestor 6.63% 6435.00 GBp
SCHLUMBERGER NV AN8068571086 1 Azvalor 5.53% 51.54 USD
NASPERS LTD-N SHS NL0013654783 1 Sigma 5.46% 36.09 EUR
Barratt Developments GB0000811801 1 MyInvestor 5.22% 309.00 GBp
PRAIRIESKY ROYALTY LTD CA7397211086 1 Azvalor 5.03% 33.66 CAD
Dart Group PLC GB00B1722W11 1 MyInvestor 4.97% 1391.00 GBp
GLENCORE PLC JE00B4T3BW64 1 Azvalor 4.95% 561.10 GBp
KINEPOLIS BE0974274061 1 Sigma 4.95% 50.40 EUR
Reply Spa IT0005282865 1 MyInvestor 4.87% 117.60 EUR
DUFRY AG CH0023405456 1 Magallanes 4.68% 42.72 CHF
TRANSOCEAN LTD CH0048265513 1 Azvalor 4.67% 5.38 USD
REXEL SA FR0010451203 1 Magallanes 4.61% 36.31 EUR
EDENRED FR0010908533 1 Sigma 4.50% 27.46 EUR
LABORATORIOS FARMACEUTICOS ROVI ES0157261019 1 Valentum 4.42% 59.15 EUR
Alten FR0000071946 1 MyInvestor 4.41% 76.25 EUR
Georgia Capital PLC GB00BF4HYV08 1 True Value 4.41% 4690.00 GBp
ALPHABET INC US02079K3059 1 True Value 4.33% 341.08 USD
NASPERS LTD US6315122092 1 Horos 4.23% 8.81 USD
SED ENERGY HOLDINGS CY0101162119 1 Sigma 4.21% 6.30 NOK
SKF AB SE0000108227 1 Magallanes 4.18% 272.10 SEK
ALIBABA GROUP HOLDING LTD US01609W1027 1 Sigma 3.94% 109.74 USD
PUIG BRANDS SA ES0105777017 1 Valentum 3.93% 17.84 EUR
SANDVIK AB SE0000667891 1 Magallanes 3.74% 378.00 SEK
IT Link SA FR0000072597 1 True Value 3.74% 12.60 EUR
Billerud Aktiebolag SE0000862997 1 MyInvestor 3.71% 82.30 SEK
NOV INC US62955J1034 1 Azvalor 3.67% 19.86 USD
BASIC-FIT NV NL0011872650 1 Sigma 3.67% 29.58 EUR
GEK TERNA HOLDING REAL ESTATE GRS145003000 1 Valentum 3.64% 43.78 EUR
Sesa SPA IT0004729759 1 MyInvestor 3.55% 94.50 EUR
TSK ELECTRONICA Y ELECTRICIDAD ES0105394003 1 Valentum 3.54% 6.12 EUR
CORP ACCIONA ENERGIAS RENOVABLE ES0105563003 1 Horos 3.53% 21.96 EUR
JUNGUEINRICHV PRFD DE0006219934 1 MyInvestor 3.45% 23.92 EUR
FUCHS PETROLUB SE DE000A3E5D64 1 MyInvestor 3.44% 42.32 EUR
KONINKLIJKE (ROYAL) PHILIPS ELE NL0000009538 1 Bestinver 3.43% 21.87 EUR
EVONIK INDUSTRIES AG DE000EVNK013 1 Magallanes 3.43% 19.37 EUR
Seb FR0000121709 1 MyInvestor 3.41% 57.35 EUR
ASMODEE GROUP SE0023615638 1 Sigma 3.36% 161.00 SEK
ARKEMA FR0010313833 1 MyInvestor 3.34% 56.50 EUR
MTU AERO ENGINES AG DE000A0D9PT0 1 True Value 3.31% 369.90 EUR
LLOYDS BANKING GROUP PLC GB0008706128 1 Bestinver 3.29% 108.80 GBp
CK Hutchison Holding KYG217651051 1 Cobas 3.26% 67.95 HKD
BOUYGUES FR0000120503 1 Magallanes 3.23% 43.14 EUR
Titan America SA BE6360403164 1 True Value 3.21% 13.85 USD
ELECTROCOMPONENTS PLC GB0003096442 1 Magallanes 3.20% 757.00 GBp
CANADIAN NATURAL RESOURCES CA1363851017 1 Azvalor 3.19% 67.17 CAD
ENERGYVISION SA BE0974499312 1 Valentum 3.17% 17.34 EUR
RYANAIR HOLDINGS PLC IE00BYTBXV33 1 Valentum 3.16% 23.24 EUR
Sopra Group FR0000050809 1 Horos 3.14% 165.30 EUR
ANTOFAGASTA PLC GB0000456144 1 Magallanes 3.14% 3730.00 GBp
CLARIANT AG CH0012142631 1 MyInvestor 3.12% 10.67 CHF
WHITEHAVEN COAL LTD AU000000WHC8 1 Azvalor 3.07% 7.37 AUD
BARCLAYS BANK PLC GB0031348658 1 Bestinver 3.06% 463.90 GBp
FLATEX AG DE000FTG1111 1 Valentum 3.03% 28.90 EUR
YELLOW CAKE PLC LONDON JE00BF50RG45 1 Azvalor 2.99% 543.50 GBp
TAIWAN SEMICONDUCTOR MANUFACTUR US8740391003 1 Bestinver 2.99% —
Griffon Corp US3984331021 1 True Value 2.98% 98.39 USD
JD Sports Fashion GB00BM8Q5M07 1 Cobas 2.91% 77.50 GBp
NEKKAR ASA NO0003049405 1 Sigma 2.88% 14.15 NOK
EUROFINS SCIENTIFIC SE FR0014000MR3 1 True Value 2.82% 77.36 EUR
VIDRALA SA ES0183746314 1 Valentum 2.81% 88.40 EUR
INFINEON TECHNOLOGIES AG DE0006231004 1 Valentum 2.81% 56.71 EUR
Hilton Grand Vacations Inc US43283X1054 1 True Value 2.77% 35.77 USD
ONEX CORPORATION CA68272K1030 1 Horos 2.75% 108.60 CAD
Bw Offshore LTD BMG1738J1247 1 Cobas 2.72% 40.45 NOK
PAYPAL HOLDINGS INC US70450Y1038 1 Horos 2.69% 55.04 USD
CICOR TECHNOLOGIES CH0008702190 1 Valentum 2.68% 133.60 CHF
PANDORA A/S DK0060252690 1 Bestinver 2.66% 836.20 DKK
LIBERTY GLOBAL LTD-C(LBTYK US) BMG611881019 1 Horos 2.65% 9.45 USD
Bayer AG-REG DE000BAY0017 1 Cobas 2.61% 50.02 EUR
PERSIMMON PLC GB0006825383 1 Magallanes 2.59% 1154.50 GBp
CIGNA GROUP/THE US1255231003 1 True Value 2.59% 272.01 USD
Constellation Software Inc/Can CA21037X1006 1 True Value 2.58% 2872.98 CAD
Electrolux AB SE0016589188 1 MyInvestor 2.57% 26.67 SEK
GCI LIBERTY INC CL C US36164V8000 1 Horos 2.56% 23.55 USD
ZIGUP PLC GB00B41H7391 1 Horos 2.55% 4.92 EUR
Newlat Food SpA IT0005385213 1 True Value 2.54% 17.25 EUR
ALD SA FR0013258662 1 Horos 2.51% 10.01 EUR
CIE AUTOMOTIVE SA ES0105630315 1 Valentum 2.51% 25.70 EUR
CARREFOUR FR0000120172 1 Magallanes 2.50% 16.20 EUR
KION GROUP AG DE000KGX8881 1 Magallanes 2.48% 39.48 EUR
ELEVANCE HEALTH INC US0367521038 1 Bestinver 2.47% 396.09 USD
TFI International Inc CA87241L1094 1 True Value 2.47% 171.28 CAD
DORMAKABA HOLDING AG CH1486524122 1 MyInvestor 2.45% 61.30 CHF
SMURFIT WESTROCK PLC IE00028FXN24 1 Bestinver 2.43% 46.41 USD
AC.ALANTRA PARTNERS, SA ES0126501131 1 Valentum 2.43% 9.48 EUR
BW Energy LTD BMG0702P1086 1 Cobas 2.42% 58.00 NOK
AIRBUS GROUP NV NL0000235190 1 Bestinver 2.41% 192.40 EUR
Interpump IT0001078911 1 MyInvestor 2.41% 35.50 EUR
NAVIOS MARITIME MHY622674098 1 Sigma 2.41% 91.51 USD
UNITY SOFTWARE INC US91332U1016 1 Bestinver 2.39% 41.55 USD
SUN HUNG KAI AND CO LTD HK0086000525 1 Horos 2.37% 4.02 HKD
EVS BROADCAST EQUIPMENT S.A. BE0003820371 1 Valentum 2.37% 26.70 EUR
DeLonghi Spa IT0003115950 1 MyInvestor 2.36% 39.58 EUR
PORSCHE AG DE000PAG9113 1 Magallanes 2.33% 45.63 EUR
DSV A/S DK0060079531 1 Bestinver 2.32% 1215.50 DKK
HEINEKEN NV NL0000009165 1 Bestinver 2.27% 70.58 EUR
AZIMUT HOLDING SPA IT0003261697 1 Horos 2.27% 38.88 EUR
BROCKHAUS TECHNOLOGIES AG(BKHT DE000A2GSU42 1 Valentum 2.27% 22.00 EUR
ION BEAM APPL BE0003766806 1 Valentum 2.27% 15.60 EUR
BOOKING HOLDINGS INC US09857L1089 1 Horos 2.21% 163.95 USD
VALARIS LTD BMG9460G1015 1 Azvalor 2.20% 80.99 USD
LIVANOVA PLC GB00BYMT0J19 1 Bestinver 2.19% 76.63 USD
AKER BP ASA NO0010345853 1 Azvalor 2.17% 348.60 NOK
API Group Corp US00187Y1001 1 True Value 2.15% 38.46 USD
BMW DE0005190037 1 Horos 2.14% —
VALE SA US91912E1055 1 Azvalor 2.12% 13.61 USD
ASR NEDERLAND NV NL0011872643 1 Valentum 2.09% 73.48 EUR
RollsRoyce Holdings PLC GB00B63H8491 1 Bestinver 2.07% 1481.40 GBp
Duerr AG DE0005565204 1 MyInvestor 2.07% 16.74 EUR
MARR Spa IT0003428445 1 MyInvestor 2.05% 5.32 EUR
TAKE TWO INTERACTIVE SOFTWARE US8740541094 1 Sigma 2.05% 201.44 USD
ORANGE POLSKA SA PLTLKPL00017 1 Magallanes 2.04% 12.84 PLN
LafargeHolcim Ltd CH0012214059 1 True Value 2.02% 67.26 CHF
GIIIApp US36237H1014 1 Cobas 2.01% 27.12 USD
JOST WERKE AG DE000JST4000 1 Valentum 2.00% 59.70 EUR
Cofide IT0000070786 1 Horos 1.97% 0.78 EUR
VALTERRA PLATINUM LIMITED ZAE000013181 1 Magallanes 1.96% 131717.00 ZAc
VIENNA INSURANCE GROUP AT0000908504 1 Magallanes 1.96% 68.80 EUR
ANTIN INFRASTRUCTURE PARTNERS S FR0014005AL0 1 Horos 1.94% 7.35 EUR
Marshalls PLC GB00B012BV22 1 MyInvestor 1.92% 154.00 GBp
VOLKSWAGEN DE0007664039 1 Magallanes 1.91% 71.72 EUR
ASHMORE GB00B132NW22 1 Azvalor 1.89% 214.60 GBp
Brava Energía SA BRBRAVACNOR3 1 Cobas 1.89% 17.41 BRL
FAIRFAX FINL HLDGS LTD CA3039011026 1 True Value 1.89% 2227.46 CAD
DISTRIBUIDORA INTERNACIONAL DE ES0126775008 1 Horos 1.87% 46.65 EUR
SIGNIFY NV NL0011821392 1 Magallanes 1.87% 15.54 EUR
HEIDELBERGCEMENT AG DE0006047004 1 Magallanes 1.86% 144.00 EUR
GLAXOSMITHKLINE (GBP) GB00BN7SWP63 1 Bestinver 1.85% 1851.00 GBp
LNA SANTE FR0004170017 1 Horos 1.83% 29.20 EUR
EXPRO GROUP HOLDINGS NV(XPRO US NL0010556684 1 Horos 1.82% 13.50 EUR
NV BEKAERT SA BE0974258874 1 Valentum 1.82% 38.40 EUR
AMREST HOLDINGS ES0105375002 1 Horos 1.80% 9.75 PLN
CNH INDUSTRIAL NV NL0010545661 1 Bestinver 1.79% 13.09 USD
RECKITT BENCKISER GROUP PLC GB00BSZBP530 1 Bestinver 1.75% 4905.00 GBp
VERALLIA FR0013447729 1 Horos 1.74% 17.99 EUR
Laboratorio Almirall ES0157097017 1 Cobas 1.73% 10.46 EUR
BEFESA MEDIO AMBIENTE S.A. LU1704650164 1 Valentum 1.70% 34.70 EUR
HARLEY DAVIDSON INC US4128221086 1 Bestinver 1.69% 25.45 USD
VALLOUREC FR0013506730 1 Bestinver 1.68% 18.88 EUR
FRANCAISE ENERGIE (FDE FP) FR0013030152 1 Valentum 1.68% 20.90 EUR
Viatris INC US92556V1061 1 Cobas 1.65% 17.83 USD
B&M European Value JE00BVSYJW51 1 Cobas 1.63% 248.40 GBp
J D WETHERSPOON PLC GB0001638955 1 Azvalor 1.60% 810.50 GBp
Currys Plc GB00B4Y7R145 1 Cobas 1.60% 146.10 GBp
HERC HOLDINGS INC(HRI US) US42704L1044 1 Bestinver 1.59% 135.36 USD
Premium Brands Holdings Corp CA74061A1084 1 True Value 1.59% 72.51 CAD
IMCD NV NL0010801007 1 True Value 1.58% 95.90 EUR
BONESUPPORT HOLDING AB(BONEX SS SE0009858152 1 Valentum 1.58% 215.00 SEK
Haitian Internationa KYG4232C1087 1 Cobas 1.57% 17.56 HKD
EXPEDIA INC US30212P3038 1 Bestinver 1.54% 264.17 USD
Financiere Odet FR0000062234 1 Horos 1.54% 970.00 EUR
AUBAY FR0000063737 1 Horos 1.52% 50.80 EUR
Savills PLC GB00B135BJ46 1 MyInvestor 1.52% 1016.00 GBp
RENTOKIL INITIAL PLC GB00B082RF11 1 Bestinver 1.51% 308.70 GBp
MA-COM TECHNOLOGY SOLUTIONS US55405Y1001 1 Bestinver 1.50% 285.57 USD
Impregil IT0003865570 1 MyInvestor 1.50% 1.92 EUR
SAF-HOLLAND SE DE000SAFH001 1 Cobas 1.46% 21.95 EUR
GROUPE GUILLIN FR0012819381 1 Horos 1.45% 20.50 EUR
STIF SA (ALSTI FP) FR001400MDW2 1 Valentum 1.41% 47.60 EUR
Porsche AG DE000PAH0038 1 Cobas 1.40% 25.77 EUR
JD COM INC-ADR US47215P1066 1 Sigma 1.39% 26.51 USD
SAVENCIA SA FR0000120107 1 Magallanes 1.38% 55.80 EUR
ASTA ENERGY SOLUTIONS AG(1AST G AT100ASTA001 1 Valentum 1.38% 66.00 EUR
BERKSHIRE HATHAWAY INC US0846707026 1 Bestinver 1.36% 505.48 USD
NU Holdings Ltd/Cayman Islands KYG6683N1034 1 True Value 1.35% 13.59 USD
TRIUMPH FINANCIAL INC US89679E3009 1 Sigma 1.34% 61.45 USD
AYDEN NV NL0012969182 1 Sigma 1.33% 875.50 EUR
BETTER COLLECTIVE DK0060952240 1 Sigma 1.32% 106.20 SEK
CK Asset Holdings KYG2177B1014 1 Cobas 1.30% 46.00 HKD
Singapore Shipping Corp Ltd SG1J24887775 1 True Value 1.29% 0.29 SGD
DO & CO AG(DOC AV) AT0000818802 1 Valentum 1.24% 189.40 EUR
DEUTSCHE BOERSE AG DE0005810055 1 Bestinver 1.23% 284.80 EUR
Fresenius Medical DE0005785802 1 Cobas 1.23% 39.80 EUR
Sacyr ES0182870214 1 Cobas 1.20% 4.04 EUR
Petroreconcavo, S.A. BRRECVACNOR3 1 Cobas 1.20% 10.47 BRL
Cofide IT0005241762 1 Cobas 1.20% —
MERLIN PROPERTIES SOCIMI SA ES0105025003 1 Horos 1.19% 12.26 EUR
Five9 Inc US3383071012 1 True Value 1.19% 35.77 USD
SINGULAR PEOPLE ES0105611000 1 Valentum 1.15% 1.83 EUR
GLOBAL DOMINION ES0105130001 1 Sigma 1.12% 2.61 EUR
Domino's Pizza Group GB00BYN59130 1 Cobas 1.11% 209.20 GBp
VISA INC US92826C8394 1 True Value 1.11% 367.38 USD
AFENTRA PLC GB00B4X3Q493 1 Sigma 1.09% 77.50 GBp
IMPERIAL BRANDS FIN PLC GB0004544929 1 Azvalor 1.08% 2442.00 GBp
GRUPO EMPRESARIAL SAN JOSE ES0180918015 1 Valentum 1.08% 7.51 EUR
BNP Paribas, S.A. ES0000012P90 1 Cobas 1.06% 97.25 EUR
RANDSTAD NL0000379121 1 Azvalor 1.05% 35.93 EUR
DanieCo IT0000076486 1 Cobas 1.04% 40.68 EUR
EURAZEO SA FR001400UH76 1 Valentum 1.04% 46.44 EUR
CONSTRUCCIONES Y AUXILIAR DE FE ES0121975009 1 Valentum 1.03% 77.20 EUR
EURAZEO SA FR0000121121 1 Valentum 1.03% 46.52 EUR
MASTERCARD INC US57636Q1040 1 True Value 1.02% 567.65 USD
MALIBU BOATS INC - A US56117J1007 1 Valentum 1.02% 24.09 USD
Matas A/S DK0060497295 1 Cobas 1.01% 84.20 DKK
Vicat, S.A. FR0000031775 1 Cobas 0.99% 60.00 EUR
STELLANTIS NV NL00150001Q9 1 Magallanes 0.99% 4.03 EUR
DEUTSCHE BANK DE0005140008 1 Bestinver 0.98% 31.76 EUR
PERNOD RICARD SA FR0000120693 1 Azvalor 0.97% 59.04 EUR
CRH PLC IE0001827041 1 True Value 0.96% 85.04 USD
MOSAIC CO/THE US61945C1036 1 Azvalor 0.92% 23.01 USD
Accenture PLC IE00B4BNMY34 1 True Value 0.90% 176.11 USD
LAURENT - PERRIER GROUP FR0006864484 1 Valentum 0.86% 75.60 EUR
INTERNATIONAL PETROLEUM CORP CA46016U1084 1 Valentum 0.82% 34.61 CAD
NEWCAP DK0064983373 1 Sigma 0.79% 550.00 DKK
Imerys FR0000120859 1 MyInvestor 0.78% 22.40 EUR
WESTWING GROUP AG DE000A2N4H07 1 Valentum 0.77% 12.15 EUR
Ipsos FR0000073298 1 MyInvestor 0.76% 35.36 EUR
EURAZEO SA FR0014013RD5 1 Valentum 0.74% 46.44 EUR
TULLOW OIL GB0001500809 1 Azvalor 0.70% 21.55 GBp
Industrie De Nora Sp IT0005186371 1 MyInvestor 0.67% 5.86 EUR
PROSEGUR CASH SA ES0105229001 1 Azvalor 0.65% 0.66 EUR
C AND C GROUP PLC IE00B010DT83 1 Magallanes 0.63% 104.00 GBp
WESTAIM CORP/THE US9569251013 1 Sigma 0.63% 19.39 CAD
SENDAS DISTRIBUIDORA SA BRASAIACNOR0 1 Bestinver 0.62% 10.49 BRL
ELETROBRÁS US15234Q2075 1 Azvalor 0.61% 10.45 USD
SIG PLC XS2919902820 1 Azvalor 0.58% —
BUCHER INDUSTRIES AG CH0002432174 1 Azvalor 0.57% 326.50 CHF
NUTRIEN LTD CA67077M1086 1 Azvalor 0.54% 102.19 CAD
SUZANO PAPEL E CELULOSE SA BRSUZBACNOR0 1 Azvalor 0.52% 45.00 BRL
BECLE SAB DE CV MX01CU010003 1 Horos 0.51% 14.22 MXN
MIQUEL Y COSTAS ES0164180012 1 Azvalor 0.49% 13.10 EUR
EPSILON ENERGY CA2943752097 1 Azvalor 0.47% 5.93 USD
HELLOFRESH SE DE000A161408 1 Bestinver 0.46% 2.26 EUR
HUNTSMAN US4470111075 1 Bestinver 0.45% 8.90 USD
Concentrix Corp US20602D1019 1 True Value 0.40% 27.08 USD
FOXTONS GROUP PL GB00BCKFY513 1 Azvalor 0.39% 37.60 GBp
Plastivaloire FR0013252186 1 True Value 0.39% 1.70 EUR
AJISEN CHINA HOLDINGS LTD KYG0192S1093 1 Horos 0.38% 0.80 HKD
SODEXO SA FR0000121220 1 Azvalor 0.34% 57.35 EUR
Beneteau FR0000035164 1 MyInvestor 0.34% 5.15 EUR
Arbonia AG CH0110240600 1 MyInvestor 0.32% 4.75 CHF
SIG GB0008025412 1 Azvalor 0.27% 9.89 GBp
SONAE CAPITAL PTSNC0AM0006 1 Azvalor 0.24% 2.92 EUR
YOUNG & CO'S BREWERY PLC GB00B2NDK989 1 Azvalor 0.24% 684.00 GBp
KFORCE INC US4937321010 1 Azvalor 0.24% 51.56 USD
FORTERRA PLC GB00BYYW3C20 1 Azvalor 0.22% 137.00 GBp
ELETROBRÁS BRAXIAACNOR0 1 Azvalor 0.21% 54.55 BRL
TIDEWATER INC US88642R1095 1 Azvalor 0.20% 84.74 USD
EBRO FOODS ES0112501012 1 Azvalor 0.19% 18.26 EUR
NABORS INDUSTRIES LTD BMG6359F1370 1 Azvalor 0.19% 81.33 USD
MGI Coutier FR0000053027 1 MyInvestor 0.19% 6.22 EUR
TAI CHEUNG HOLDINGS(88 HK) BMG8659B1054 1 Horos 0.13% 3.03 HKD
EVERFORTH INC US00191U1025 1 Azvalor 0.12% 33.12 USD
AIMIA INC CA00900Q1037 1 Azvalor 0.11% 2.71 CAD
HOWDEN JOINERY GROUP PLC GB0005576813 1 Azvalor 0.10% 759.00 GBp
EUROCASH SA PLEURCH00011 1 Azvalor 0.09% 5.22 PLN
LINEA DIRECTA ASEGURADORA SA C ES0105546008 1 Azvalor 0.08% 1.28 EUR
PETRA DIAMONDS LTD BMG702782084 1 Azvalor 0.07% 6.22 GBp
GRIFOLS SA US3984384087 1 Azvalor 0.06% 6.30 EUR
BRITISH AMERICAN TOBACCO PLC GB0002875804 1 Azvalor 0.05% 4180.00 GBp
PANORO ENERGY ASA NO0010564701 1 Azvalor 0.05% 30.05 NOK
ABN AMRO GROUP NV-CVA (EUR) NL0011540547 1 Bestinver 0.05% 43.65 EUR
TANG PALACE CHINA HOLDINGS KYG867001128 1 Horos 0.05% 0.10 HKD
TIME WATCH INVESTMENTS LTD KYG8879M1050 1 Horos 0.05% 0.22 HKD
ASIA STANDARD INTL GROUP BMG0533U2355 1 Horos 0.04% 0.18 HKD
KAPSCH TRAFFIC AT000KAPSCH9 1 Magallanes 0.04% 4.06 EUR
TUBACEX ES0132945017 1 Azvalor 0.02% 2.72 EUR
UNITED PARKS & RESORTS INC US81282V1008 1 Azvalor 0.02% 33.25 USD
LSL PROPERTY SERVICES PLC GB00B1G5HX72 1 Azvalor 0.02% 258.00 GBp
INMOBILIARIA COLONIAL SA ES0139140174 1 Azvalor 0.01% 5.02 EUR
MERCEDES-BENZ GROUP AG DE0007100000 1 Azvalor 0.01% 41.28 EUR
ADLPartner FR0000062978 1 True Value 0.01% 24.40 EUR
TUBACEX ES0632945913 1 Azvalor 0.00% —
PROSEGUR COMPAÑIA DE SEGURIDAD ES0175438003 1 Azvalor 0.00% 2.90 EUR
KONE OYJ FI0009013403 1 Azvalor 0.00% 51.50 EUR
INTERTEK GROUP GB0031638363 1 Azvalor 0.00% 5860.00 GBp
PETROFAC LTD GB00B0H2K534 1 Azvalor 0.00% —
KRONES AG DE0006335003 1 Azvalor 0.00% 106.00 EUR
ELETROBRÁS US15236F1003 1 Azvalor 0.00% 10.44 USD
NEWMONT CORP US6516391066 1 Azvalor 0.00% 121.43 USD
CIE FINANCIERE RICHEMONT SA CH0210483332 1 Azvalor 0.00% 171.40 CHF
Cosco Capital PHY1765W1054 1 Cobas 0.00% —
D.L.S.I. FR0010404368 1 True Value 0.00% 10.30 EUR

This quarter's moves

Compares each fund's current period against the previous one, matched by ISIN. The previous period's date isn't in the report itself: it's calculated from the filing calendar and shown as estimated.

Azvalor H1 2026 vs H2 2025 (estimated)

New: 11 Exits: 14 Increased: 16 Trimmed: 8
+ SODEXO SA

Enters the portfolio with a 0.34% weight.

Sodexo S.A. provides food services and facilities management services in North America, Europe, and internationally.

See company page →
+ KFORCE INC

Enters the portfolio with a 0.24% weight.

Kforce Inc. provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA).

See company page →
+ NABORS INDUSTRIES LTD

Enters the portfolio with a 0.19% weight.

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies.

See company page →
+ EVERFORTH INC

Enters the portfolio with a 0.12% weight.

Everforth, Inc. provides information technology solutions for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government.

See company page →
+ HOWDEN JOINERY GROUP PLC

Enters the portfolio with a 0.10% weight.

Howden Joinery Group Plc supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland.

See company page →
+ BAKKAFROST P/F

Enters the portfolio with a 0.06% weight.

P/F Bakkafrost, together with its subsidiaries, engages in the production and sale of salmon products in North America, Western Europe, Eastern Europe, Asia, and internationally.

See company page →
+ UNITED PARKS & RESORTS INC

Enters the portfolio with a 0.02% weight.

United Parks & Resorts Inc., together with its subsidiaries, operates as a theme park and entertainment company in the United States.

See company page →
+ TUBACEX

Enters the portfolio with a 0.00% weight.

See company page →
+ TECNICAS REUNIDAS SA

Enters the portfolio with a 0.00% weight.

Técnicas Reunidas, S.A., an engineering and construction company, designs and manages industrial plant projects worldwide. It operates through Upstream & Refining, Natural gas, Petrochemical, Low-carbon technologies, and Other segments.

See company page →
+ INTERTEK GROUP

Enters the portfolio with a 0.00% weight.

Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. It operates through five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.

See company page →
+ KRONES AG

Enters the portfolio with a 0.00% weight.

Krones AG, together with its subsidiaries, plans, develops, manufactures, and sells machines and lines for the fields of process, filling, and packaging technology in Germany, the rest of Europe, the Middle East, the Asia Pacific, China, the Americas, and internationally.

See company page →
− ESTADO ESPAÑOL

Leaves the portfolio; weighed 2.52%.

− FEDERAL REPUBLIC OF

Leaves the portfolio; weighed 1.31%.

− CANADA T-BILL

Leaves the portfolio; weighed 1.12%.

− ALLOS SA

Leaves the portfolio; weighed 0.55%.

Allos S.A. provides planning, development, management, and sales services to third-party shopping centers in Brazil.

− TENARIS SA

Leaves the portfolio; weighed 0.53%.

Tenaris S.A., together with its subsidiaries, manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

− MELIA HOTELS INTERNATIONAL SA

Leaves the portfolio; weighed 0.42%.

Meliá Hotels International, S.A. owns, operates, manages, leases, and franchises hotels in Spain, Latin America, the rest of Europe, and Asia. It operates through Hotel Management, Hotel Business, Other Business Linked to Hotel Management, and Real Estate segments.

See company page →
− CATALANA OCCIDENTE

Leaves the portfolio; weighed 0.38%.

− ELETROBRÁS

Leaves the portfolio; weighed 0.11%.

AXIA Energia SA, through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, wind farms, and solar power plants.

− MICHAEL PAGE INTERNATIONAL

Leaves the portfolio; weighed 0.01%.

Michael Page Plc, together with its subsidiaries, provides recruitment consultancy and other ancillary services in the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

− BAYERISCHE MOTOREN WERKE AG

Leaves the portfolio; weighed 0.00%.

See company page →
− ANHEUSER-BUSCH INBEV SPN ADR

Leaves the portfolio; weighed 0.00%.

Anheuser-Busch InBev SA/NV produces and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export and Holding Companies segments.

− DIAMOND HILL INVESTMENT GROUP

Leaves the portfolio; weighed 0.00%.

− ROTORK PLC

Leaves the portfolio; weighed 0.00%.

Rotork plc manufactures industrial flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical process, and industrial markets. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.

− LESLIE'S INC

Leaves the portfolio; weighed 0.00%.

Leslie's, Inc. operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services.

▲ TRANSOCEAN LTD

Goes from 3.43% to 4.67%.

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells.

See company page →
▲ AKER BP ASA

Goes from 1.05% to 2.17%.

Aker BP ASA engages in the exploration, field development, and production of oil and gas on the Norwegian Continental Shelf. It operates field centers, including Valhall, Ula, Edvard Grieg/Ivar Aasen, Alvheim, and Skarv.

See company page →
▲ YELLOW CAKE PLC LONDON

Goes from 2.03% to 2.99%.

Yellow Cake plc operates in the uranium sector. The company purchases and holds uranium oxide concentrates, and commercial opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.

See company page →
▲ BORR DRILLING LTD

Goes from 3.21% to 4.08%.

Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry in the Americas, Southeast Asia, West Africa, the Middle East, North Africa, and Europe.

See company page →
▲ RANDSTAD

Goes from 0.45% to 1.05%.

Randstad N.V. provides solutions in the field of work and human resources services primarily in North America, Northern Europe, Southern Europe, the United Kingdom, Latin America, and the Asia Pacific. The company offers temporary staffing and permanent placement, job posting, and résumé services on digital platforms.

See company page →
▲ BUCHER INDUSTRIES AG

Goes from 0.00% to 0.57%.

Bucher Industries AG manufactures and sells machinery, systems, and hydraulic components for harvesting, producing and packaging food products, and keeping roads and public spaces clean and safe in Asia, the United States, Europe, and internationally.

See company page →
▲ TGS NOPEC GEOPHYSICAL CO ASA

Goes from 3.25% to 3.82%.

TGS ASA provides geoscience data services to the oil and gas industry in Norway and internationally. It operates through Multi client, Marine Data Acquisition (MDA), Imaging, New Energy Solutions (NES), and Shared Services segments.

See company page →
▲ NUTRIEN LTD

Goes from 0.00% to 0.54%.

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate.

See company page →
▲ PERNOD RICARD SA

Goes from 0.49% to 0.97%.

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride…

See company page →
▲ SIG PLC

Goes from 0.12% to 0.58%.

See company page →
▲ MOSAIC CO/THE

Goes from 0.48% to 0.92%.

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients. It operates in three segments: Phosphates, Potash, and Mosaic Fertilizantes.

See company page →
▲ IMPERIAL BRANDS FIN PLC

Goes from 0.70% to 1.08%.

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally. It offers a range of cigarettes, tobacco accessories, vapour, heated tobacco, and oral nicotine.

See company page →
▲ VALARIS LTD

Goes from 1.85% to 2.20%.

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services in Brazil, the United Kingdom, Gulf of America, Australia, Angola, and internationally. It operates through four segments: Floaters, Jackups, ARO, and Other.

See company page →
▲ PRAIRIESKY ROYALTY LTD

Goes from 4.69% to 5.03%.

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.9 million acres with petroleum and/or natural gas rights, 8.7 million acres of gross overriding royalty interests, and other acreage.

See company page →
▲ TULLOW OIL

Goes from 0.45% to 0.70%.

Tullow Oil plc, an energy company, develops, produces, and sells oil and gas resources in Ghana and Côte d'Ivoire. The company was founded in 1985 and is headquartered in London, the United Kingdom.

See company page →
▲ EPSILON ENERGY

Goes from 0.24% to 0.47%.

Epsilon Energy Ltd., a North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves. The company operates through Upstream and Gathering System segments.

See company page →
▼ NOBLE CORP

Goes from 4.91% to 3.15%.

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services through its fleet of mobile offshore drilling units. The company also operates drilling rigs, such as floaters and jackups.

See company page →
▼ TIDEWATER INC

Goes from 1.15% to 0.20%.

Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide.

See company page →
▼ CANADIAN NATURAL RESOURCES

Goes from 3.80% to 3.19%.

Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa.

See company page →
▼ WHITEHAVEN COAL LTD

Goes from 3.67% to 3.07%.

Whitehaven Coal Limited develops and operates coal mines in Queensland and New South Wales. The company produces metallurgical and thermal coal. It operates mines, including open-cut and underground, located in the Gunnedah Coal Basin in New South Wales.

See company page →
▼ ELETROBRÁS

Goes from 1.06% to 0.61%.

AXIA Energia SA, through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, wind farms, and solar power plants.

See company page →
▼ SCHLUMBERGER NV

Goes from 5.92% to 5.53%.

SLB N.V. engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems.

See company page →
▼ ELETROBRÁS

Goes from 0.26% to 0.00%.

AXIA Energia SA, through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, wind farms, and solar power plants.

See company page →
▼ ELETROBRÁS

Goes from 0.44% to 0.21%.

AXIA Energia SA, through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, wind farms, and solar power plants.

See company page →

Bestinver H1 2026 vs H2 2025 (estimated)

New: 4 Exits: 8 Increased: 11 Trimmed: 13
+ SAIPEN SPA

Enters the portfolio with a 1.77% weight.

Saipem SpA provides energy and infrastructure solutions worldwide. It operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments.

See company page →
+ RECKITT BENCKISER GROUP PLC

Enters the portfolio with a 1.75% weight.

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products in the United Kingdom and internationally.

See company page →
+ SPAIN GOVERNMENT B

Enters the portfolio with a 1.48% weight.

See company page →
+ DEUTSCHE BANK

Enters the portfolio with a 0.98% weight.

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, the rest of Europe, the Americas, the Asia-Pacific, the Middle East, and Africa.

See company page →
− SPAIN GOVERNMENT B

Leaves the portfolio; weighed 3.06%.

− NORDEA BANK AB

Leaves the portfolio; weighed 2.87%.

Nordea Bank Abp offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments.

− QUALCOMM INC

Leaves the portfolio; weighed 2.02%.

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).

− MICROSOFT CORP

Leaves the portfolio; weighed 1.85%.

Microsoft Corporation, a technology company, develops and supports a portfolio of technology solutions for individuals and businesses worldwide. It operates through three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing.

− STELLANTIS NV

Leaves the portfolio; weighed 1.75%.

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.

See company page →
− RECKITT BENCKISER GROUP PLC

Leaves the portfolio; weighed 1.49%.

− SHELL PLC

Leaves the portfolio; weighed 1.20%.

Shell plc operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas. It operates through the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions.

− BP PLC

Leaves the portfolio; weighed 1.17%.

BP p.l.c., an integrated energy company, engages in the oil and gas business worldwide. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments.

▲ PANDORA A/S

Goes from 1.42% to 2.66%.

Pandora A/S engages in the design, crafting, and marketing of jewelry worldwide. The company operates in two segments, Core and Fuel With More. It offers charm and carrier products; and lab grown diamonds.

See company page →
▲ LLOYDS BANKING GROUP PLC

Goes from 2.40% to 3.29%.

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial products and services for retail and commercial customers in the United Kingdom. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments.

See company page →
▲ AIRBUS GROUP NV

Goes from 1.55% to 2.41%.

Airbus SE, together with its subsidiaries, engages in the design, manufacture, and delivery of aeronautics and aerospace products, services, and solutions worldwide. It operates through three segments: Airbus, Airbus Helicopters, and Airbus Defence and Space.

See company page →
▲ CNH INDUSTRIAL NV

Goes from 1.00% to 1.79%.

CNH Industrial N.V., an equipment company, engages in the develops, manufacture, and sale agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.

See company page →
▲ DSV A/S

Goes from 1.69% to 2.32%.

DSV A/S offers freight forwarding and logistics services in Europe, the Middle East, Africa, North America, South America, Asia, Australia, and the Pacific. It operates through three segments: Air & Sea, Road, and Solutions.

See company page →
▲ UNITY SOFTWARE INC

Goes from 1.78% to 2.39%.

Unity Software Inc. operates a platform to develop, deploy, and grow games and interactive experiences for mobile phones, PCs, consoles, and extended reality devices in the United States, China, Hong Kong, Taiwan, Europe, the Middle East, Africa, the Asia Pacific, Canada, and Latin America.

See company page →
▲ HERC HOLDINGS INC(HRI US)

Goes from 1.00% to 1.59%.

Herc Holdings Inc., together with its subsidiaries, operates as an equipment rental supplier in the United States and internationally. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment.

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▲ AMRIZE LTD

Goes from 2.69% to 3.09%.

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.

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▲ FACEBOOK INC

Goes from 3.36% to 3.61%.

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.

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▲ LIVANOVA PLC

Goes from 1.95% to 2.19%.

LivaNova PLC, a medical technology company, designs, develops, manufactures, markets, and sells products, therapies, and services. The company operates in two segments, Cardiopulmonary and Neuromodulation.

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▲ SMURFIT WESTROCK PLC

Goes from 2.21% to 2.43%.

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in North America, South America, Europe, Asia, Africa, Australia, and internationally.

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▼ ARCELORMITTAL

Goes from 3.52% to 1.92%.

ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa.

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▼ ABN AMRO GROUP NV-CVA (EUR)

Goes from 1.40% to 0.05%.

ABN AMRO Bank N.V. provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking.

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▼ EXPEDIA INC

Goes from 2.36% to 1.54%.

Expedia Group, Inc. operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments.

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▼ GLAXOSMITHKLINE (GBP)

Goes from 2.61% to 1.85%.

GSK plc, together with its subsidiaries, engages in the research, development, and manufacture of vaccines, specialty medicines, and general medicines to prevent and treat disease in the United Kingdom, the United States, and internationally. It operates through Commercial Operations and Total R&D segments.

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▼ MA-COM TECHNOLOGY SOLUTIONS

Goes from 2.17% to 1.50%.

MACOM Technology Solutions Holdings, Inc., together with its subsidiaries, provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

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▼ HEINEKEN NV

Goes from 2.87% to 2.27%.

Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific. The company also provides soft drinks.

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▼ KONINKLIJKE (ROYAL) PHILIPS ELE

Goes from 3.98% to 3.43%.

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. It operates through Diagnosis & Treatment, Connected Care, and Personal Health segments.

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▼ EXOR N.V.

Goes from 1.27% to 0.86%.

Exor N.V. engages in the automotive, agriculture and construction, sports car, commercial vehicle, health technology, football and powertrain businesses in the Netherlands and internationally. The company designs, engineers, produces, and sells luxury performance sports cars under the Ferrari brand.

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▼ HELLOFRESH SE

Goes from 0.87% to 0.46%.

HelloFresh SE, together with its subsidiaries, operates as meal kit provider in the United States, Canada, and internationally. The company provides meal kits; add-on products including soups, desserts, bakery products, salads, and surcharge products; ready-to-eat meals; and other products.

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▼ BMW

Goes from 1.85% to 1.46%.

Bayerische Motoren Werke Aktiengesellschaft develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide. It operates through Automotive, Motorcycles, and Financial Services segments. The company offers automobiles under the BMW, MINI, and Rolls-Royce brands.

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▼ ANGLO AMERICAN PLC

Goes from 2.03% to 1.64%.

Anglo American plc, a mining company, produces copper, iron ore, and crop nutrients in the United Kingdom and internationally. The company operates through the Premium Iron Ore and the Copper segments. It also explores for nickel, diamonds, steelmaking coal, and manganese ore.

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▼ RENTOKIL INITIAL PLC

Goes from 1.88% to 1.51%.

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, Europe, the United Kingdom, Asia, the Middle East, North Africa, Turkey, and Pacific.

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▼ BERKSHIRE HATHAWAY INC

Goes from 1.64% to 1.36%.

Berkshire Hathaway Inc., together with its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses.

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Cobas H1 2026 vs H2 2025 (estimated)

New: 14 Exits: 7 Increased: 5 Trimmed: 12
+ JD Sports Fashion

Enters the portfolio with a 2.91% weight.

JD Sports Fashion Plc engages in the retail of branded sports fashion and outdoor clothing, footwear, accessories, and equipment for women and men in the United Kingdom, Europe, North America, and the Asia Pacific. It operates through JD, Complementary Athleisure, and Sporting Goods and Outdoors segments.

See company page →
+ Exor N.V.

Enters the portfolio with a 2.22% weight.

Exor N.V. engages in the automotive, agriculture and construction, sports car, commercial vehicle, health technology, football and powertrain businesses in the Netherlands and internationally. The company designs, engineers, produces, and sells luxury performance sports cars under the Ferrari brand.

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+ Elior Group

Enters the portfolio with a 1.67% weight.

Elior Group SA provides contract catering and support services in France, Europe, North America, and India. The company offers contract catering services to business and industry, education, healthcare, and event planning sectors under the Elior brand.

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+ B&M European Value

Enters the portfolio with a 1.63% weight.

B&M European Value Retail plc operates as a European variety discount retailer in the United Kingdom and France. The company operates through three segments: B&M UK, Heron Foods, and B&M France. It operates a chain of stores under the B&M in the United Kingdom and France, and Heron Foods brand names.

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+ Haitian Internationa

Enters the portfolio with a 1.57% weight.

Haitian International Holdings Limited, an investment holding company, engages in the manufacture, distribution, and sale of plastic injection molding machines and related products in Mainland China, Hong Kong, and internationally. It offers plastic machinery under the Haitian and Zhafir names.

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+ Kosmos Energy LTD

Enters the portfolio with a 1.50% weight.

Kosmos Energy Ltd., a deepwater exploration and production company, engages in the exploration, development, and production of oil and natural gas properties. It has oil and gas production projects in offshore Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America.

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+ Porsche AG

Enters the portfolio with a 1.40% weight.

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology.

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+ Energean PLC

Enters the portfolio with a 1.39% weight.

Energean plc engages in the exploration, production, and development of oil and gas. The company operates through Europe, Israel, and New Ventures segments. Its flagship project is the 100% owned Karish and Karish North projects located in Israel.

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+ Bollore

Enters the portfolio with a 1.26% weight.

Bolloré SE engages in the transportation and logistics, communications, and industry businesses in France, rest of Europe, the Americas, the Asia-Pacific, and Africa. The company operates through Bolloré Energy, Communications, and Industry segments.

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+ Fresenius Medical

Enters the portfolio with a 1.23% weight.

Fresenius Medical Care AG provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

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+ Domino's Pizza Group

Enters the portfolio with a 1.11% weight.

Domino's Pizza Group plc owns, operates, and franchises Domino's Pizza stores in the United Kingdom and Ireland. It is also involved in rental activities. The company also supplies ingredients, dough, and equipment to franchisees through its automated supply chain centres.

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+ BNP Paribas, S.A.

Enters the portfolio with a 1.06% weight.

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+ Matas A/S

Enters the portfolio with a 1.01% weight.

Matas A/S operates a chain of retail stores that offer beauty, personal care, health and wellbeing, and household products in Denmark, Sweden, Norway, and internationally. Its products include cosmetics, fragrances, and skin and hair care products.

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+ Vicat, S.A.

Enters the portfolio with a 0.99% weight.

Vicat S.A., together with its subsidiaries, engages in the production and sale of cement, ready-mixed concrete, and aggregates for construction industry.

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− Atalaya Mining PLC

Leaves the portfolio; weighed 4.23%.

Atalaya Mining Copper, S.A., together with its subsidiaries, engages in the mineral exploration and development in Spain. The company's flagship property is the Proyecto Riotinto, an open-pit copper mine located in the Andalusia region of Spain. It explores for copper concentrates, silver by-products, and gold.

− BNP Paribas, S.A.

Leaves the portfolio; weighed 2.46%.

− TGS ASA

Leaves the portfolio; weighed 2.37%.

TGS ASA provides geoscience data services to the oil and gas industry in Norway and internationally. It operates through Multi client, Marine Data Acquisition (MDA), Imaging, New Energy Solutions (NES), and Shared Services segments.

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− Derichebourg SA

Leaves the portfolio; weighed 2.15%.

Derichebourg SA provides environmental services to businesses, and local and municipal authorities.

− FNAC

Leaves the portfolio; weighed 1.78%.

Fnac Darty SA engages in the retail of entertainment and leisure products, consumer electronics, and domestic appliances in France, Switzerland, Belgium, Luxembourg, and the Iberian Peninsula.

− Saipem SPA

Leaves the portfolio; weighed 1.52%.

Saipem SpA provides energy and infrastructure solutions worldwide. It operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments.

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− Meren Energy Inc

Leaves the portfolio; weighed 1.25%.

Meren Energy Inc., together with its subsidiaries, operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company holds interests in producing and development assets in deepwater Nigeria.

▲ Bayer AG-REG

Goes from 2.01% to 2.61%.

Bayer Aktiengesellschaft operates as a life science company in Europe, the Middle East, Africa, Germany, Switzerland, North America, the United States, the Asia Pacific, China, Latin America, and Brazil. It operates through Pharmaceuticals, Consumer Health, and Crop Science segments.

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▲ Melia Hotels Intern.

Goes from 1.99% to 2.54%.

Meliá Hotels International, S.A. owns, operates, manages, leases, and franchises hotels in Spain, Latin America, the rest of Europe, and Asia. It operates through Hotel Management, Hotel Business, Other Business Linked to Hotel Management, and Real Estate segments.

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▲ DOUGLAS AG

Goes from 1.22% to 1.72%.

Douglas AG retails beauty products in Europe. It operates in five segments: DACHNL, France, Southern Europe, Central Eastern Europe, and Parfumdreams/Niche Beauty. The company offers beauty products, including perfume, skin care, color cosmetics, hair care, and accessories.

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▲ Wizz Air Holdings

Goes from 2.48% to 2.93%.

Wizz Air Holdings Plc, together with its subsidiaries, engages in the provision of passenger air transportation services. The company offers scheduled short-haul and medium-haul point-to-point routes in Europe, the Middle East, North Africa, and Northwest Asia.

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▲ Borr Drilling Limit

Goes from 1.82% to 2.11%.

Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry in the Americas, Southeast Asia, West Africa, the Middle East, North Africa, and Europe.

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▼ DanieCo

Goes from 3.09% to 1.04%.

Danieli & C. Officine Meccaniche S.p.A. designs, builds, and sells plants for the iron and steel industry in Europe, the Middle East, the Americas, and Southeast Asia. It operates through two segments, Plant Making and Steel Making.

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▼ Teva Pharmaceutical

Goes from 1.46% to 0.20%.

Teva Pharmaceutical Industries Limited develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

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▼ Golar LNG LTD

Goes from 4.00% to 3.23%.

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates in two segments, FLNG, and Corporate and Other.

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▼ Teleperformance SE

Goes from 1.79% to 1.21%.

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.

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▼ Brava Energía SA

Goes from 2.44% to 1.89%.

Brava Energia S.A. engages in the exploration and production of oil and natural gas in Brazil. It is also involved in treatment, refining, and processing, as well as engages in the trading of oil, gas and derivatives. The company was formerly known as 3R Petroleum Óleo e Gás S.A.

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▼ Sacyr

Goes from 1.72% to 1.20%.

Sacyr, S.A. engages in the development and operation of infrastructure concessions worldwide.

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▼ Viatris INC

Goes from 2.07% to 1.65%.

Viatris Inc., together with its subsidiaries, operates as a healthcare company in North America, Europe, China, Taiwan, Hong Kong, Japan, Australia, New Zealand, rest of Asia, Africa, Latin America, and the Middle East. It operates in four segments: Developed Markets, Greater China, JANZ, and Emerging Markets.

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▼ CK Hutchison Holding

Goes from 3.64% to 3.26%.

CK Hutchison Holdings Limited, an investment holding company, primarily operates in ports and related services, retail, infrastructure, and telecommunications businesses in Hong Kong, Mainland China, Europe, Canada, Asia, Australia, and internationally.

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▼ BW Energy LTD

Goes from 2.77% to 2.42%.

BW Energy Limited, together with its subsidiaries, engages in the exploration and production of oil and gas properties. It holds interests in various shallow- and deep-water assets located in Gabon, Brazil, and Namibia. The company was founded in 2016 and is based in Hamilton, Bermuda.

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▼ CK Asset Holdings

Goes from 1.64% to 1.30%.

CK Asset Holdings Limited operates as a property developer in Hong Kong, the Mainland, Singapore, the United Kingdom, continental Europe, Australia, and Canada.

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▼ Cofide

Goes from 1.49% to 1.20%.

See company page →
▼ Semapa Soc. Investim

Goes from 1.24% to 0.98%.

Semapa - Sociedade de Investimento e Gestão, SGPS, S.A., through its subsidiaries, engages in the production and sale of pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

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Horos H1 2026 vs H2 2025 (estimated)

New: 10 Exits: 9 Increased: 5 Trimmed: 16
+ SUZANO SA- SPON ADR(SUZ US)

Enters the portfolio with a 3.27% weight.

See company page →
+ EXOR N.V.

Enters the portfolio with a 2.91% weight.

Exor N.V. engages in the automotive, agriculture and construction, sports car, commercial vehicle, health technology, football and powertrain businesses in the Netherlands and internationally. The company designs, engineers, produces, and sells luxury performance sports cars under the Ferrari brand.

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+ RENAULT

Enters the portfolio with a 2.81% weight.

Renault SA engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas. The company operates through Automotive, Sales Financing, and Mobility Services segments.

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+ GCI LIBERTY INC CL C

Enters the portfolio with a 2.56% weight.

Liberty Capital Corporation, through its subsidiaries, provides a range of data, wireless, video, voice, and managed services in Alaska. The company also offers wireless and wireline telecommunication services; and owns and operates a statewide wireless network.

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+ BOOKING HOLDINGS INC

Enters the portfolio with a 2.21% weight.

Booking Holdings Inc., together with its subsidiaries, provides online and traditional travel and restaurant reservations and related services in the United States, the Netherlands, the United Kingdom, and internationally.

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+ BOLLORE

Enters the portfolio with a 2.20% weight.

Bolloré SE engages in the transportation and logistics, communications, and industry businesses in France, rest of Europe, the Americas, the Asia-Pacific, and Africa. The company operates through Bolloré Energy, Communications, and Industry segments.

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+ CONSTELLATION OIL SERVICES

Enters the portfolio with a 2.00% weight.

Constellation Oil Services Holding S.A., together with its subsidiaries, owns, charters, and operates offshore drilling rigs for exploration and production companies in Brazil. The company was formerly known as QGOG Constellation S.A. and changed its name to Constellation Oil Services Holding S.A. in November 2018.

See company page →
+ ANTIN INFRASTRUCTURE PARTNERS S

Enters the portfolio with a 1.94% weight.

Antin Infrastructure Partners S.A. is a private equity firm specializing in infrastructure investments.

See company page →
+ Financiere Odet

Enters the portfolio with a 1.54% weight.

Compagnie de l'Odet engages in oil, communication, and industry business in France, Africa, the Americas, the Asia-Pacific, and other European countries. The company involved in the distribution and warehousing of oil products.

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+ BECLE SAB DE CV

Enters the portfolio with a 0.51% weight.

Becle, S.A.B. de C.V. manufactures and distributes spirits and other distilled beverages in Mexico, the United States, Canada, and internationally. The company offers tequila, whiskey, vodka, rum, gin, mezcal, ready-to-drink, and non-alcoholic products.

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− ACERINOX SA

Leaves the portfolio; weighed 2.72%.

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.

− ZEGONA COMMUNICATIONS PLC

Leaves the portfolio; weighed 1.53%.

Zegona Communications plc engages in the provision of integrated telecommunications services in Spain. The company offers broadband, mobile, TV, voice, data, and other value-added products and services. It serves business-to-consumer and business-to-business markets.

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− SONAE SGPS SA

Leaves the portfolio; weighed 1.38%.

Sonae, SGPS, S.A. operates a portfolio of businesses in retail, real estate, telecommunications, technology, and financial services in Portugal and internationally. The company operates through six segments: MC, Worten, Musti, Sierra, Bright Pixel, and NOS.

− SEADRILL LTD

Leaves the portfolio; weighed 1.37%.

Seadrill Limited provides offshore drilling services to the oil and gas industry worldwide. The company owns and operates floaters, such as drillships and semi-submersible rigs for operations in shallow and ultra-deep water in benign and harsh environments.

− JUPITER FUND MANAGEMENT PLC

Leaves the portfolio; weighed 1.02%.

Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the public equity markets across U.K., Europe and global emerging markets.

− TALGO S.A

Leaves the portfolio; weighed 0.81%.

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.

− NOAH HOLDINGS LTD

Leaves the portfolio; weighed 0.68%.

Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and corporate entities in Mainland of China, Hong Kong, and internationally.

− STARJOY WELLNESS AND TRAVEL COM

Leaves the portfolio; weighed 0.17%.

Starjoy Wellness and Travel Company Limited, through its subsidiaries, provides property management and commercial operational services in the People's Republic of China. The company operates through Property Management Services and Commercial Operational Services segments.

− EXCELLENCE COMERCIAL PROPERTY

Leaves the portfolio; weighed 0.16%.

Excellence Commercial Property & Facilities Management Group Limited provides commercial real estate services in China.

▲ SOL MELIA

Goes from 2.20% to 3.38%.

Meliá Hotels International, S.A. owns, operates, manages, leases, and franchises hotels in Spain, Latin America, the rest of Europe, and Asia. It operates through Hotel Management, Hotel Business, Other Business Linked to Hotel Management, and Real Estate segments.

See company page →
▲ PLUXEE

Goes from 4.46% to 5.06%.

Pluxee N.V. offers employee benefits and engagement solutions services in France, Latin America, Continental Europe, and internationally.

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▲ LIBERTY GLOBAL LTD-C(LBTYK US)

Goes from 2.07% to 2.65%.

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers in Europe.

See company page →
▲ NASPERS LTD

Goes from 3.89% to 4.23%.

Naspers Limited operates as a consumer internet company in Africa, Asia, Europe, and internationally.

See company page →
▲ FAIRFAX INDIA HOLDINGS CORP

Goes from 2.62% to 2.85%.

Fairfax India Holdings Corporation, together with its subsidiaries, operates as an investment holding company in India. It invests in public and private equity securities and debt instruments, as well as Indian businesses or other businesses with customers, suppliers, or business.

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▼ APERAM W/I

Goes from 2.33% to 0.39%.

Aperam S.A., together with its subsidiaries, produces and sells stainless steel and alloy products worldwide. The company operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables.

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▼ TGS Nopec Geo

Goes from 5.31% to 3.82%.

TGS ASA provides geoscience data services to the oil and gas industry in Norway and internationally. It operates through Multi client, Marine Data Acquisition (MDA), Imaging, New Energy Solutions (NES), and Shared Services segments.

See company page →
▼ Sopra Group

Goes from 4.26% to 3.14%.

Sopra Steria Group SA provides consulting, digital, and software development services in France and internationally.

See company page →
▼ GESTAMP AUTOMOCION SA

Goes from 3.65% to 2.76%.

Gestamp Automoción, S.A. designs, develops, and manufactures metal components for the automotive industry in Western Europe, Eastern Europe, Mercosur, North America, and Asia.

See company page →
▼ BMW

Goes from 3.00% to 2.14%.

See company page →
▼ ALD SA

Goes from 3.36% to 2.51%.

Ayvens provides service leasing and vehicle fleet management services in the France, Rest of Europe, Latin America, Asia, and internationally.

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▼ AZIMUT HOLDING SPA

Goes from 3.12% to 2.27%.

Azimut Holding S.p.A. provides asset management and advisory solutions in Italy, Europe, the Middle East, the Americas, and the Asia-Pacific.

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▼ SUN HUNG KAI AND CO LTD

Goes from 3.15% to 2.37%.

Sun Hung Kai & Co. Limited operates in the alternative investment and wealth management businesses in Hong Kong and the People's Republic of China. The company operates through Consumer Finance, Mortgage Loans, Investment Management, Alternative Solutions, and Group Management and Support segments.

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▼ Cofide

Goes from 2.72% to 1.97%.

CIR S.p.A. - Compagnie Industriali Riunite, through its subsidiaries, operates in the automotive components and healthcare sectors in Italy, the rest of European countries, North America, South America, Asia, and internationally.

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▼ VERALLIA

Goes from 2.49% to 1.74%.

Verallia Société Anonyme manufactures and sells glass packaging products for beverages and food products worldwide. It provides bottles for still and semi-sparkling wines, spirits, beers, soft drinks, and oils.

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▼ NAGACORP LTD

Goes from 2.05% to 1.36%.

NagaCorp Ltd., an investment holding company, engages in the management and operation of a hotel and casino complex in the Kingdom of Cambodia. It operates through two segments, Casino Operations; and Hotel and Entertainment Operations.

See company page →
▼ GROUPE GUILLIN

Goes from 1.98% to 1.45%.

Groupe Guillin S.A. designs, manufactures, and distributes food packaging solutions and equipment in France, the United Kingdom, Italy, and internationally.

See company page →
▼ ONEX CORPORATION

Goes from 3.28% to 2.75%.

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, turnaround, upper-middle market, large-cap, mid-cap, and small-cap market and distressed companies.

See company page →
▼ AMREST HOLDINGS

Goes from 2.28% to 1.80%.

AmRest Holdings SE, together with its subsidiaries, operates and manages quick service, fast casual, coffee, and casual dining restaurants in Central and Eastern Europe, Western Europe, China, and internationally.

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▼ SEMAPA SOCIEDADE DE INVESTIMENT

Goes from 2.60% to 2.13%.

Semapa - Sociedade de Investimento e Gestão, SGPS, S.A., through its subsidiaries, engages in the production and sale of pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

See company page →
▼ AUBAY

Goes from 1.88% to 1.52%.

Aubay Société Anonyme provides application services in Belgium, Luxembourg, Spain, Portugal, Italy, France, and the United Kingdom.

See company page →

Magallanes H1 2026 vs H2 2025 (estimated)

New: 2 Exits: 3 Increased: 12 Trimmed: 11
+ CIE DE ST GOBAIN

Enters the portfolio with a 3.75% weight.

Compagnie de Saint-Gobain S.A., together with its subsidiaries, designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide. It operates in five segments: High Performance Solutions; Northern Europe; Southern Europe – Middle East (ME) Americas; and Asia-Pacific.

See company page →
+ SAIPEN SPA

Enters the portfolio with a 3.30% weight.

Saipem SpA provides energy and infrastructure solutions worldwide. It operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments.

See company page →
− TELECOM ITALIA SPA

Leaves the portfolio; weighed 4.67%.

Telecom Italia S.p.A., together with its subsidiaries, engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally. It operates through Domestic, Brazil, and Other Operations segments.

− AKER BP ASA

Leaves the portfolio; weighed 3.56%.

Aker BP ASA engages in the exploration, field development, and production of oil and gas on the Norwegian Continental Shelf. It operates field centers, including Valhall, Ula, Edvard Grieg/Ivar Aasen, Alvheim, and Skarv.

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− COMMERZBANK AG

Leaves the portfolio; weighed 1.02%.

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, and Asia.

▲ ANGLO AMERICAN PLC

Goes from 3.74% to 4.60%.

Anglo American plc, a mining company, produces copper, iron ore, and crop nutrients in the United Kingdom and internationally. The company operates through the Premium Iron Ore and the Copper segments. It also explores for nickel, diamonds, steelmaking coal, and manganese ore.

See company page →
▲ DUFRY AG

Goes from 3.88% to 4.68%.

Avolta AG operates as a travel retail company in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

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▲ ARCELORMITTAL

Goes from 3.92% to 4.64%.

ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa.

See company page →
▲ NOBLE CORP PLC

Goes from 2.72% to 3.40%.

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services through its fleet of mobile offshore drilling units. The company also operates drilling rigs, such as floaters and jackups.

See company page →
▲ ANTOFAGASTA PLC

Goes from 2.48% to 3.14%.

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company produces copper cathodes and copper concentrates; molybdenum concentrates; and gold and silver by-products.

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▲ SANDVIK AB

Goes from 3.20% to 3.74%.

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide.

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▲ EVONIK INDUSTRIES AG

Goes from 3.01% to 3.43%.

Evonik Industries AG operates as a chemicals company in the Asia-Pacific, Europe, the Middle East, Africa, and the Americas. It operates through the Advanced Technologies, Custom Solutions, and Infrastructure segments.

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▲ BRENNTAG AG

Goes from 3.14% to 3.54%.

Brenntag SE distributes chemicals and ingredients in Germany, the United States, the United Kingdom, China, Canada, Italy, Poland, France, and internationally. The company operates in two segments, Brenntag Essentials and Brenntag Specialties.

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▲ ELECTROCOMPONENTS PLC

Goes from 2.81% to 3.20%.

RS Group plc, together with its subsidiaries, engages in the distribution of maintenance, repair, and operations products and service solutions in the United Kingdom, the United States, France, Mexico, Germany, Italy, Switzerland, and internationally.

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▲ EASYJET PLC

Goes from 3.25% to 3.63%.

easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the development of building projects; financing and insurance business; and tour operator activities, as well as provides holiday packages. It also offers heavy base maintenance and air transport services.

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▲ REXEL SA

Goes from 4.31% to 4.61%.

Rexel S.A., together with its subsidiaries, engages in the distribution of low voltage electrical products for the residential, commercial, and industrial markets in France, rest of Europe, North America, and the Asia-Pacific.

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▲ SYENSQO SA

Goes from 3.70% to 3.92%.

Syensqo SA/NV, a chemical company, engages in the research, development, and production of advanced materials for industrial and consumer applications worldwide. The company operates through the Materials, Performance & Care, and Other Solutions segments.

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▼ VOLKSWAGEN

Goes from 3.15% to 1.91%.

Volkswagen AG manufactures automobiles and commercial vehicles in Europe, Germany, North America, South America, the Asia-Pacific, and internationally. It operates through three segments: Passenger Cars and Light Commercial Vehicles; Commercial Vehicles; and Financial Services.

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▼ STELLANTIS NV

Goes from 2.09% to 0.99%.

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.

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▼ KION GROUP AG

Goes from 3.47% to 2.48%.

KION GROUP AG provides industrial trucks and supply chain solutions in Western and Eastern Europe, the Middle East, Africa, North America, Central and South America, China, and the rest of the Asia Pacific. It operates through Industrial Trucks & Services; and Supply Chain Solutions segments.

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▼ RENAULT

Goes from 2.53% to 1.61%.

Renault SA engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas. The company operates through Automotive, Sales Financing, and Mobility Services segments.

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▼ FAURECIA

Goes from 3.14% to 2.37%.

Forvia SE, together with its subsidiaries, manufactures and sells automotive technology solutions in France, Germany, other European countries, other Europe, the Middle East, Africa, the Americas, Asia, and internationally.

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▼ SIGNIFY NV

Goes from 2.62% to 1.87%.

Signify N.V. provides lighting products, systems, and services in Europe, the Americas, and internationally. It operates through Professional, Consumer, OEM, and Conventional segments.

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▼ HUSQVARNA AB

Goes from 2.26% to 1.81%.

Husqvarna AB (publ) produces and sells outdoor power products, watering products, and lawn care power equipment. It operates through three segments: Husqvarna Forest & Garden; Gardena; and Husqvarna Construction.

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▼ C AND C GROUP PLC

Goes from 0.99% to 0.63%.

C&C Group plc engages in the manufacture, marketing, and distribution of beer, cider, wine, spirits, and soft drinks in the United Kingdom, the Republic of Ireland, Great Britain, and internationally.

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▼ VIENNA INSURANCE GROUP

Goes from 2.28% to 1.96%.

Vienna Insurance Group AG, together with its subsidiaries, engages in providing insurance products and services in Austria and internationally.

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▼ CARREFOUR

Goes from 2.77% to 2.50%.

Carrefour SA operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally. The company operates hypermarkets, supermarkets, convenience stores, club stores, and cash and carry stores; soft discount stores; and e-commerce sites.

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▼ VALTERRA PLATINUM LIMITED

Goes from 2.16% to 1.96%.

Valterra Platinum Limited engages in the production and supply of platinum group metals, base metals, and precious metals in South Africa, Asia, Europe, North America, and internationally.

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MyInvestor H1 2026 vs H2 2025 (estimated)

New: 15 Exits: 14 Increased: 9 Trimmed: 9
+ Barratt Developments

Enters the portfolio with a 5.22% weight.

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company is also involved in the commercial development business, which includes offices, retail, leisure, industrial, and distribution properties under the Wilson Bowden Developments brand; and land development activities.

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+ Billerud Aktiebolag

Enters the portfolio with a 3.71% weight.

Billerud AB (publ) provides paper and packaging materials worldwide. It operates through Region Europe, Region North America, and Other segments.

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+ Seb

Enters the portfolio with a 3.41% weight.

SEB SA designs, manufactures, and markets small domestic equipment in Western Europe, rest of Europe, the Middle East, Africa, North and South America, China, and rest of Asia. It operates through Consumer Business and Professional Business segments.

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+ Electrolux AB

Enters the portfolio with a 2.57% weight.

AB Electrolux (publ), together with its subsidiaries, develops, manufactures, and sells household appliances.

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+ DORMAKABA HOLDING AG

Enters the portfolio with a 2.45% weight.

dormakaba Holding AG provides access and security solutions worldwide. It offers door hardware products, including door closers, locks, fittings, emergency exits, and panic hardware; interior glass systems comprising manual sliding, manual single and double action door, fittings for glass assemblies, and horizontal…

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+ Interpump

Enters the portfolio with a 2.41% weight.

Interpump Group S.p.A., together with its subsidiaries, engages in the manufacturing and selling of high-pressure pumps in Italy, rest of Europe, North America, the Far East and the Pacific Area, and internationally.

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+ DeLonghi Spa

Enters the portfolio with a 2.36% weight.

De'Longhi S.p.A. produces and distributes coffee machines, small appliances for food preparation, coffee, nutrition, and cooking machines, air conditioning and portable heaters, domestic cleaning and ironing, and home care products.

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+ Elior

Enters the portfolio with a 2.30% weight.

Elior Group SA provides contract catering and support services in France, Europe, North America, and India. The company offers contract catering services to business and industry, education, healthcare, and event planning sectors under the Elior brand.

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+ Duerr AG

Enters the portfolio with a 2.07% weight.

Dürr Aktiengesellschaft, together with its subsidiaries, operates as a mechanical and plant engineering company worldwide. It operates through Automotive, Industrial Automation, and Woodworking segments. The company plans, builds, and updates paint shops and final assembly lines for the automotive industry.

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+ Marshalls PLC

Enters the portfolio with a 1.92% weight.

Marshalls plc, together with its subsidiaries, manufactures and sells landscape, building, and roofing products in the United Kingdom and internationally.

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+ Savills PLC

Enters the portfolio with a 1.52% weight.

Savills plc, together with its subsidiaries, engages in the provision of real estate services in the United Kingdom, Continental Europe, the Asia Pacific, North America, Africa, and the Middle East.

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+ Impregil

Enters the portfolio with a 1.50% weight.

Webuild S.p.A. engages in the construction businesses worldwide. The company designs and builds infrastructure for the mobility, hydroenergy, water, and green buildings.

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+ Trigano

Enters the portfolio with a 0.54% weight.

Trigano S.A., together with its subsidiaries, designs, manufactures, and distributes leisure vehicles and trailers in France, Germany, the United Kingdom, Benelux, Italy, Spain, Northern Europe, and internationally.

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+ Arbonia AG

Enters the portfolio with a 0.32% weight.

Arbonia AG engages in the supply of interior doors crafted from wood, glass, and metal in Switzerland, Germany, Spain, and internationally. The company offers interior doors, functional doors, digital locking systems, loft doors, partition wall systems, shower doors and cubicles, and handles.

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+ BANCO INVERSIS, S.A.

Enters the portfolio with a 0.02% weight.

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− Verbio Vereinigte Bi

Leaves the portfolio; weighed 8.92%.

Verbio SE engages in the production and distribution of fuels and finished products in Germany, Europe, North America, and internationally. It operates through Biodiesel, Bioethanol/Biomethane, and Other segments.

− Vallourec

Leaves the portfolio; weighed 5.04%.

Vallourec S.A., through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in North America, South America, France, the Middle East, Indonesia, and East Asia. It operates through Tubes and Mine & Forests segments.

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− BANCO INVERSIS, S.A.

Leaves the portfolio; weighed 4.89%.

− Fugro NV

Leaves the portfolio; weighed 4.63%.

Fugro N.V., together with its subsidiaries, provides geo-data services for the infrastructure, energy, and water industries in Europe, Africa, the Americas, the Asia Pacific, the Middle East, and India.

− AALBERTS INDUSTRIES

Leaves the portfolio; weighed 4.61%.

Aalberts N.V., together with its subsidiaries, offers mission-critical technologies for building, industry, and semicon markets in Europe, the United States, the Asia Pacific, the Middle East, and Africa. The company operates through Building, Industry, and Semicon segments.

− K+S AG

Leaves the portfolio; weighed 3.98%.

K+S Aktiengesellschaft, together with its subsidiaries, operates as a supplier of mineral products for the agricultural, industrial, pharma, consumer, and community sectors in Europe, Germany, North America, South America, Asia, Africa, and Oceania.

− Carbone

Leaves the portfolio; weighed 2.67%.

Mersen S.A. manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally. It operates through two segments, Electrical Power and Advanced Materials.

− Bekaert NV

Leaves the portfolio; weighed 1.66%.

NV Bekaert SA provides steel wire transformation and coating technologies worldwide. The company operates through four segments: Rubber Reinforcement, Steel Wire Solutions, Specialty Businesses, and Bridon-Bekaert Ropes Group.

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− Bunzl PLC

Leaves the portfolio; weighed 1.48%.

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally.

− Origin Enterprises

Leaves the portfolio; weighed 1.29%.

Origin Enterprises plc provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally. It operates through two segments: Agriculture and Living Landscapes.

− Schoeller-Bleckmann

Leaves the portfolio; weighed 0.93%.

SBO AG manufactures and sells steel products worldwide. The company operates in two segments, Precision Technology and Energy Equipment.

− M-Real Oyj-B Shares

Leaves the portfolio; weighed 0.92%.

− Bic

Leaves the portfolio; weighed 0.90%.

Société BIC SA manufactures and sells stationery, lighter, shaver, and other products worldwide.

− Cookson Group PLC

Leaves the portfolio; weighed 0.48%.

Vesuvius plc provides molten metal flow engineering and technology services to steel and foundry casting industries worldwide. It operates through Steel Flow Control, Steel Advanced Refractories, Steel Sensors & Probes, and Foundry segments.

▲ EASYJET PLC

Goes from 3.50% to 8.47%.

easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the development of building projects; financing and insurance business; and tour operator activities, as well as provides holiday packages. It also offers heavy base maintenance and air transport services.

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▲ JUNGUEINRICHV PRFD

Goes from 0.99% to 3.45%.

Jungheinrich Aktiengesellschaft, through its subsidiaries, provides products and solutions for the intralogistics sector with a portfolio of material handling equipment, automated systems, and warehouse equipment and services worldwide. It operates in two segments, Intralogistics and Financial Services.

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▲ Douglas AG

Goes from 0.01% to 2.03%.

Douglas AG retails beauty products in Europe. It operates in five segments: DACHNL, France, Southern Europe, Central Eastern Europe, and Parfumdreams/Niche Beauty. The company offers beauty products, including perfume, skin care, color cosmetics, hair care, and accessories.

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▲ Dart Group PLC

Goes from 3.12% to 4.97%.

Jet2 plc, together with its subsidiaries, engages in the leisure travel business in the United Kingdom. The company offers package holidays to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities; and scheduled holiday flights through its airline.

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▲ DCC Plc

Goes from 4.93% to 6.63%.

DCC Energy plc engages in the sales, marketing, and distribution of carbon energy solutions in the Republic of Ireland, the United Kingdom, France, the United States, and internationally. The company operates in two segments, DCC Energy and DCC Technology.

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▲ CLARIANT AG

Goes from 1.44% to 3.12%.

Clariant AG develops, manufactures, distributes, and sells specialty chemicals in Switzerland, Europe, the Middle East, Africa, the United States, and the Asia Pacific. It operates through Care Chemicals, Catalysts, and Adsorbents & Additives segments.

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▲ Syensqo SA

Goes from 2.14% to 3.12%.

Syensqo SA/NV, a chemical company, engages in the research, development, and production of advanced materials for industrial and consumer applications worldwide. The company operates through the Materials, Performance & Care, and Other Solutions segments.

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▲ Reply Spa

Goes from 3.97% to 4.87%.

Reply S.p.A. provides consulting, system integration, and digital services based on communication channels and digital media in Italy and internationally.

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▲ MARR Spa

Goes from 1.67% to 2.05%.

MARR S.p.A. engages in marketing and distribution of fresh, dried, and frozen food products for catering in Italy, the European Union, and internationally.

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▼ FUCHS PETROLUB SE

Goes from 5.34% to 3.44%.

Fuchs SE, together with its subsidiaries, develops, produces, and distributes specialty lubricants and functional fluids in Europe, the Middle East, Africa, the Asia Pacific, and North and South America.

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▼ Imerys

Goes from 2.17% to 0.78%.

Imerys S.A. engages in the supply of specialty minerals for various industries across Europe, the Middle East, Africa, Asia Pacific, and America.

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▼ Industrie De Nora Sp

Goes from 1.50% to 0.67%.

Industrie De Nora S.p.A., through its subsidiaries, delivers electrochemical solutions worldwide and operates through the Electrode Technologies, Water Technologies, and Energy Transition segments.

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▼ Ipsos

Goes from 1.52% to 0.76%.

Ipsos SA, through its subsidiaries, provides survey-based research services for companies and institutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

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▼ Husqvarna AB-B

Goes from 4.62% to 3.91%.

Husqvarna AB (publ) produces and sells outdoor power products, watering products, and lawn care power equipment. It operates through three segments: Husqvarna Forest & Garden; Gardena; and Husqvarna Construction.

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▼ Beneteau

Goes from 1.00% to 0.34%.

Bénéteau S.A. designs, produce, and sells recreational boats in France, rest of Europe, North America, South America, Asia, and internationally. It provides boats under the Beneteau, Jeanneau, Lagoon, Prestige, Four Winns, Scarab, WellCraft, EXCESS, and Delphia brand names.

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▼ Alten

Goes from 5.00% to 4.41%.

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.

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▼ ARKEMA

Goes from 3.76% to 3.34%.

Arkema S.A., together with its subsidiaries, manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally. It operates in three segments: Adhesive Solutions, Advanced Materials and Coating Solutions, and Intermediates.

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▼ Sesa SPA

Goes from 3.92% to 3.55%.

SeSa S.p.A., together with its subsidiaries, distributes value-added information technology (IT) software and technologies in Italy and internationally.

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Sigma H1 2026 vs H2 2025 (estimated)

New: 9 Exits: 19 Increased: 9 Trimmed: 13
+ CONSTELLATION OIL SERVICES

Enters the portfolio with a 7.54% weight.

Constellation Oil Services Holding S.A., together with its subsidiaries, owns, charters, and operates offshore drilling rigs for exploration and production companies in Brazil. The company was formerly known as QGOG Constellation S.A. and changed its name to Constellation Oil Services Holding S.A. in November 2018.

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+ SED ENERGY HOLDINGS

Enters the portfolio with a 4.21% weight.

SED Energy Holdings Plc provides tender-assisted drilling services in Southeast Asia, Thailand, Myanmar, and the United States. It operates through Energy Drilling and Seabird Exploration segments.

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+ TAKE TWO INTERACTIVE SOFTWARE

Enters the portfolio with a 2.05% weight.

Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.

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+ IWG PLC

Enters the portfolio with a 1.34% weight.

International Workplace Group plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office space, coworking, membership, virtual offices, meeting rooms, and workplace recovery products.

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+ TRIUMPH FINANCIAL INC

Enters the portfolio with a 1.34% weight.

Triumph Financial, Inc., a financial holding company, provides banking, factoring, payments, and intelligence services in the United States.

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+ AYDEN NV

Enters the portfolio with a 1.33% weight.

Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. Its platform integrates payments stack, including gateway, risk management, processing, acquiring, and settlement services. The company offers a back-end infrastructure for authorizing.

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+ BETTER COLLECTIVE

Enters the portfolio with a 1.32% weight.

Better Collective A/S, together with its subsidiaries, operates as a digital sports media company in Europe, North America, and internationally. It operates through Publishing, Paid Media, and Esports segments.

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+ AFENTRA PLC

Enters the portfolio with a 1.09% weight.

Afentra plc, together with its subsidiaries, operates as an upstream oil and gas company primarily in Africa. he company is involved in the appraisal, exploration, development, and production of oil and gas. It holds 34 % interest in an exploration project in the onshore Odewayne block onshore located in Somaliland.

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+ NEWCAP

Enters the portfolio with a 0.79% weight.

Newcap Holding A/S does not have significant operations. Previously, it was involved in the provision of advice on savings and insurance intermediation, investment activities, financial, investment advisory services and asset management to individuals and companies in Sweden.

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− SERICA ENERGY PLC

Leaves the portfolio; weighed 3.46%.

Serica Energy plc, together with its subsidiaries, engages in identifying, acquiring, exploring, and exploiting of oil and gas reserves in the United Kingdom. It produces and sale gas, oil, and natural gas liquids. The company is headquartered in Aberdeen, the United Kingdom.

− CMB TECH NV

Leaves the portfolio; weighed 2.76%.

Cmb.Tech NV engages in marine transportation business in Belgium. It operates through three divisions: Marine, H2 Infra, and H2 Industry.

− PARADOX

Leaves the portfolio; weighed 2.74%.

Paradox Interactive AB (publ) develops and publishes strategy and management games on PC and consoles in the United States, Rest of Europe, Sweden, and internationally.

− BURFORD CAPITAL LTD

Leaves the portfolio; weighed 2.11%.

Burford Capital Limited provides legal finance products and services worldwide. The company operates in two segments, Principal Finance, and Asset Management and Other Services.

− CADELER A

Leaves the portfolio; weighed 1.82%.

Cadeler A/S, together with its subsidiaries, operates as an offshore wind installation vessel contractor in Denmark, the United Kingdom, Germany, Poland, rest of Europe, the United States, and Taiwan.

− SUNRISE COMMUNICATIONS

Leaves the portfolio; weighed 1.75%.

Sunrise Communications AG, together with its subsidiaries, provides telecommunications services in Switzerland. It operates in three segments: Residential Customers; Business Customers and Wholesale; and Infrastructure and Support Functions.

− CORBION V

Leaves the portfolio; weighed 1.42%.

Corbion N.V. provides lactic acid and derivatives, food preservation solutions, functional ingredient systems, and algae-derived nutritional ingredients in the Netherlands, the United States, Asia, rest of Americas, the rest of Europe, the Middle East, and Africa.

− ALLFUNDS GROUP PLC

Leaves the portfolio; weighed 1.23%.

Allfunds Group plc, together with its subsidiaries, operates as a B2B WealthTech company that connects fund houses and distributors in the United Kingdom and internationally. It operates through two segments, Net Platform, and Net Subscription and Other Revenues.

− SBM OFFSHORE

Leaves the portfolio; weighed 1.06%.

SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, demobilization, and life extension of floating production storage and offloading (FPSO) vessels.

− KISTOS HOLDING

Leaves the portfolio; weighed 1.05%.

Kistos Holdings Plc focuses on development and production of gas and other hydrocarbon reserves in the United Kingdom, Norway, and the Netherlands. It is also involved in midstream activities, such as oil processing and offloading, and gas storage.

− BLUENORD

Leaves the portfolio; weighed 0.90%.

BlueNord ASA, an oil and gas company, produces and develops resources that support the energy transition towards net zero. It is involved in the exploration and oil and gas infrastructure activities.

− PANORO ENERGY ASA

Leaves the portfolio; weighed 0.82%.

Panoro Energy ASA, an independent exploration and production company, engages in the exploration, development, and production of oil and gas properties in Africa. It holds assets in Equatorial Guinea, Gabon, Tunisia, and South Africa. The company was incorporated in 2009 and is based in Oslo, Norway.

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− SALMAR ASA

Leaves the portfolio; weighed 0.80%.

SalMar ASA, an aquaculture company, produces and sells farmed salmon in Norway, Asia, Europe, North America, and internationally. The company operates through Fish Farming Central Norway, Fish Farming Northern Norway, Icelandic Salmon, Sales & Industry, and SalMar Aker Ocean segments.

− TGS NOPEC GEOPHYSICAL

Leaves the portfolio; weighed 0.67%.

TGS ASA provides geoscience data services to the oil and gas industry in Norway and internationally. It operates through Multi client, Marine Data Acquisition (MDA), Imaging, New Energy Solutions (NES), and Shared Services segments.

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− SUN HUNG KAI PROPERTIES

Leaves the portfolio; weighed 0.63%.

Sun Hung Kai & Co. Limited operates in the alternative investment and wealth management businesses in Hong Kong and the People's Republic of China. The company operates through Consumer Finance, Mortgage Loans, Investment Management, Alternative Solutions, and Group Management and Support segments.

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− TALGO SA

Leaves the portfolio; weighed 0.56%.

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.

− HOME TO GO

Leaves the portfolio; weighed 0.41%.

HomeToGo SE operates a marketplace for vacation rentals that connects users searching for a place to stay in Luxembourg and internationally. It operates in two segments, HomeToGo Marketplace and HomeToGo_PRO.

− TIDEWATER INC

Leaves the portfolio; weighed 0.41%.

Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide.

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− GAMING INNOVATION GROUP INC

Leaves the portfolio; weighed 0.36%.

Gentoo Media Inc., together with its subsidiaries, operates a multi channel affiliate marketing business in the Nordic countries, other European countries, and internationally. It operates through two segments: Publishing and Paid Media.

▲ NASPERS LTD-N SHS

Goes from 2.79% to 5.46%.

Prosus N.V. engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally. It operates internet platforms, such as classifieds, payments and fintech, etail, food delivery, education technology, Etail, ventures, tencent, and other platforms.

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▲ KINEPOLIS

Goes from 2.88% to 4.95%.

Kinepolis Group NV operates and manages cinemas in Belgium, Canada, France, the Netherlands, the United States, Spain, Luxembourg, and Switzerland. The company operates cinema complexes under the KINEPOLIS, Landmark Cinemas, MJR THEATRES, and Emagine Entertainment brands.

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▲ EDENRED

Goes from 2.45% to 4.50%.

Edenred SE operates as a digital platform for services and payments for companies, employees, and merchants worldwide.

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▲ MONTANA AEROSPACE AG

Goes from 0.60% to 2.30%.

Montana Aerospace AG design, develop, and manufacture system components and complex assemblies worldwide and complex assemblies worldwide. The company operates through Aerostructures and Alpine Metal Tech segments.

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▲ FAGRON

Goes from 0.88% to 2.57%.

Fagron NV, a pharmaceutical compounding company, delivers personalized pharmaceutical care to hospitals, pharmacies, clinics, patients, and worldwide. It operates through three segments: Essentials, Brands, and Compounding Services.

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▲ ASMODEE GROUP

Goes from 2.35% to 3.36%.

Asmodee Group AB (publ) engages in publishing and distribution of tabletop games. The company offers board games, trading card games, and various other type of games played on or around table. Its portfolio includes CATAN, Ticket to Ride, Dobble/Spot-it!, 7 Wonders, and Exploding Kittens.

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▲ GRIFOLS

Goes from 5.95% to 6.94%.

Grifols, S.A., together with its subsidiaries, engages in the research, development, production, and marketing of plasma-derived medicines in the United States, Canada, Spain, Europe, and internationally. It operates through four segments: Biopharma, Diagnostic, Bio Supplies, and Others.

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▲ NEKKAR ASA

Goes from 2.62% to 2.88%.

Nekkar ASA operates as an industrial company builder in Europe, Turkey, Asia, Australia, New Zealand, North America, the United Arab Emirates, Africa, the United States, South America, India, and Norway. It operates through Syncrolift, Intellilift, Techano Oceanlift, Globetech, and Other segments.

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▲ NAVIOS MARITIME

Goes from 2.18% to 2.41%.

Navios Maritime Partners L.P. owns and operates dry cargo and tanker vessels in Asia, Europe, North America, and Australia.

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▼ ZEGONA COMMUNICATIONS PLC

Goes from 5.98% to 3.35%.

Zegona Communications plc engages in the provision of integrated telecommunications services in Spain. The company offers broadband, mobile, TV, voice, data, and other value-added products and services. It serves business-to-consumer and business-to-business markets.

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▼ PLUXEE N.V.

Goes from 5.79% to 3.76%.

Pluxee N.V. offers employee benefits and engagement solutions services in France, Latin America, Continental Europe, and internationally.

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▼ LINK MOBILITY GROUP HLDG

Goes from 2.47% to 1.12%.

LINK Mobility Group Holding ASA, together with its subsidiaries, provides mobile and communication-platform-as-a-service solutions. It operates through four segments: Northern Europe, Western Europe, Central Europe, and Global Messaging.

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▼ NAGACORP LTD

Goes from 3.75% to 2.47%.

NagaCorp Ltd., an investment holding company, engages in the management and operation of a hotel and casino complex in the Kingdom of Cambodia. It operates through two segments, Casino Operations; and Hotel and Entertainment Operations.

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▼ GESTAMP

Goes from 1.90% to 0.80%.

Gestamp Automoción, S.A. designs, develops, and manufactures metal components for the automotive industry in Western Europe, Eastern Europe, Mercosur, North America, and Asia.

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▼ BAKKAFROST P/F

Goes from 2.09% to 1.11%.

P/F Bakkafrost, together with its subsidiaries, engages in the production and sale of salmon products in North America, Western Europe, Eastern Europe, Asia, and internationally.

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▼ AMA GROUP

Goes from 3.54% to 2.58%.

AMA Group Limited engages in the development and operation of collision repair business in Australia and New Zealand. The company operates through five segments: AMA Collision, Capital SMART, Wales, Specialist Businesses, and ACM Parts.

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▼ GOLAR LNG

Goes from 5.77% to 5.18%.

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates in two segments, FLNG, and Corporate and Other.

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▼ GLOBAL DOMINION

Goes from 1.59% to 1.12%.

Global Dominion Access, S.A. engages in the provision of integral services for business process efficiency and sustainability worldwide.

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▼ FAIRFAX FIANACIAL HOLDINGS

Goes from 2.82% to 2.38%.

Fairfax India Holdings Corporation, together with its subsidiaries, operates as an investment holding company in India. It invests in public and private equity securities and debt instruments, as well as Indian businesses or other businesses with customers, suppliers, or business.

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▼ WESTAIM CORP/THE

Goes from 1.06% to 0.63%.

The Westaim Corporation is a private equity and venture capital firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements.

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▼ ALIBABA GROUP HOLDING LTD

Goes from 4.31% to 3.94%.

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses in the People's Republic of China and internationally.

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▼ BASIC-FIT NV

Goes from 3.97% to 3.67%.

Basic-Fit N.V. operates and franchises fitness clubs under the Basic-Fit brand in the Netherlands, Belgium, Luxembourg, France, Spain, Germany, Austria, Switzerland, Slovenia, Romania, Croatia, and the Czech Republic.

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True Value H1 2026 vs H2 2025 (estimated)

New: 6 Exits: 3 Increased: 13 Trimmed: 6
+ MTU AERO ENGINES AG

Enters the portfolio with a 3.31% weight.

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, sale, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally.

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+ Hilton Grand Vacations Inc

Enters the portfolio with a 2.77% weight.

Hilton Grand Vacations Inc. develops, markets, sells, manages, and operates the resorts, timeshare plans, and ancillary reservation services under the Hilton Grand Vacations brand in the United States, Japan, and Europe.

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+ FAIRFAX FINL HLDGS LTD

Enters the portfolio with a 1.89% weight.

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.

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+ NU Holdings Ltd/Cayman Islands

Enters the portfolio with a 1.35% weight.

Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

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+ VISA INC

Enters the portfolio with a 1.11% weight.

Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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+ MASTERCARD INC

Enters the portfolio with a 1.02% weight.

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally.

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− goeasy Ltd

Leaves the portfolio; weighed 5.56%.

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. It operates through two segments, Easyfinancial and Easyhome.

− Jackson Financial Inc

Leaves the portfolio; weighed 2.09%.

Jackson Financial Inc., through its subsidiaries, provides suite of annuities to retail investors in the United States. It operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks.

− Repsol SA

Leaves the portfolio; weighed 1.83%.

Repsol, S.A. operates as a multi-energy company in Spain, Peru, the United States, Portugal, and internationally. The Upstream segment engages in the exploration, development, and production of crude oil and natural gas reserves; and development of low-carbon geological solutions.

▲ Keck Seng Investments

Goes from 4.63% to 6.58%.

Keck Seng Investments (Hong Kong) Limited, an investment holding company, engages in hotel and club operations, and property investment, development, and management activities in Macau, Vietnam, the People's Republic of China, Japan, Canada, the United States, and Hong Kong.

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▲ Georgia Capital PLC

Goes from 2.60% to 4.41%.

Georgia Capital PLC is a private equity and venture capital firm specializing in early stage, organic growth and acquisitions. It considers Greenfields through mature stage companies.

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▲ Griffon Corp

Goes from 1.76% to 2.98%.

Griffon Corporation, through its subsidiaries, provides home and building, and consumer and professional products in the United States, Europe, Canada, Australia, and internationally.

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▲ TFI International Inc

Goes from 1.48% to 2.47%.

TFI International Inc., together with its subsidiaries, provides transportation and logistics services in the United States, Canada, and Mexico. It operates through Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments.

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▲ Titan America SA

Goes from 2.22% to 3.21%.

Titan America SA, through its subsidiaries, manufactures and supplies heavy building materials and services in the United States. The company offers cement and cementitious materials, ready-mix concrete, aggregates, concrete blocks, fly ash, and other ancillary products.

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▲ EUROFINS SCIENTIFIC SE

Goes from 2.07% to 2.82%.

Eurofins Scientific SE, together with its subsidiaries, provides various analytical testing and laboratory services worldwide.

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▲ CIGNA GROUP/THE

Goes from 2.03% to 2.59%.

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. It operates through two segments: Evernorth Health Services and Cigna Healthcare.

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▲ Fairfax India Holdings Corp

Goes from 1.11% to 1.50%.

Fairfax India Holdings Corporation, together with its subsidiaries, operates as an investment holding company in India. It invests in public and private equity securities and debt instruments, as well as Indian businesses or other businesses with customers, suppliers, or business.

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▲ IMCD NV

Goes from 1.25% to 1.58%.

IMCD N.V. distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific.

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▲ Five9 Inc

Goes from 0.88% to 1.19%.

Five9, Inc., together with its subsidiaries, provides intelligent cloud software for contact centers in the United States and internationally. It offers CX platform that delivers a suite of applications, which enables the breadth of customer service, sales, and marketing functions.

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▲ LafargeHolcim Ltd

Goes from 1.72% to 2.02%.

Holcim AG, together with its subsidiaries, provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

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▲ Singapore Shipping Corp Ltd

Goes from 0.99% to 1.29%.

Singapore Shipping Corporation Limited, an investment holding company, owns and manages ships in Singapore, Japan, and internationally. It operates through two segments, Ship Owning, and Agency and Logistics.

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▲ Amrize Ltd

Goes from 0.97% to 1.19%.

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.

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▼ Newlat Food SpA

Goes from 9.86% to 2.54%.

NewPrinces S.p.A. engages in the agri-food sector in Italy, Germany, the United Kingdom, and internationally. It operates through Pasta, Milk Products, Bakery Products, Dairy Products, Special Products, Instant Noodles and Bakery Mixes, Foods, Drinks, Fish, Italian Products, Oils, and Other Products segments.

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▼ Nagarro SE

Goes from 9.83% to 8.03%.

Nagarro SE, together with its subsidiaries, provides digital product engineering and technology solutions in Germany, the United States, Europe, and internationally.

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▼ API Group Corp

Goes from 3.93% to 2.15%.

APi Group Corporation provides fire and life safety, security, elevator and escalator, and specialty services worldwide. It operates in two segments, Safety Services and Specialty Services.

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▼ Teva Pharmaceutical Industries

Goes from 2.63% to 1.83%.

Teva Pharmaceutical Industries Limited develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

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▼ Accenture PLC

Goes from 1.53% to 0.90%.

Accenture plc provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

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▼ IT Link SA

Goes from 4.20% to 3.74%.

IT Link SA develops connected systems in France. It offers sensors and actuators; high-constraint embedded computing; operating systems and real time systems (RTOS); edge computing; embedded system; embedded software; and Internet of Things (IoT) and interoperability.

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Valentum H1 2026 vs H2 2025 (estimated)

New: 12 Exits: 11 Increased: 7 Trimmed: 15
+ SPAIN GOVERNMENT B

Enters the portfolio with a 10.79% weight.

See company page →
+ GEK TERNA HOLDING REAL ESTATE

Enters the portfolio with a 3.64% weight.

Gek Terna S.A., together with its subsidiaries, engages in the construction, energy, industry, real estate, and concession businesses in Greece, the Balkans, the Middle East, Eastern Europe, North America, and internationally.

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+ TSK ELECTRONICA Y ELECTRICIDAD

Enters the portfolio with a 3.54% weight.

TSK Electrónica y Electricidad, S.A. provides infrastructure solutions for the energy transition, digitalization, and critical raw material handling industry. It operates through two segments: Energy Transition and Digitalisation, and Handling and Mining.

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+ VIDRALA SA

Enters the portfolio with a 2.81% weight.

Vidrala, S.A. engages in the manufacture and sale of glass containers for food and beverage products in the United Kingdom, Ireland, Italy, Iberian Peninsula, rest of Europe, and Brazil.

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+ CICOR TECHNOLOGIES

Enters the portfolio with a 2.68% weight.

Cicor Technologies Ltd., together with its subsidiaries, develops, and manufactures electronic components, devices, and systems internationally. The company operates in two segments: Electronic Manufacturing Services (EMS) and Advanced Substrates (AS).

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+ ION BEAM APPL

Enters the portfolio with a 2.27% weight.

Ion Beam Applications SA designs, produces, and markets solutions for cancer diagnosis and treatments, serious illnesses, and industrial applications in Belgium, the United States, China, Germany, and India.

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+ STIF SA (ALSTI FP)

Enters the portfolio with a 1.41% weight.

STIF Société anonyme manufactures and sells components for the handling of bulk products in France.

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+ ASTA ENERGY SOLUTIONS AG(1AST G

Enters the portfolio with a 1.38% weight.

ASTA Energy Solutions AG produces and sells copper-based solutions for high-performance power transmission, generation, and e-mobility applications.

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+ GRUPO EMPRESARIAL SAN JOSE

Enters the portfolio with a 1.08% weight.

Grupo Empresarial San José, S.A., together with its subsidiaries, engages in construction business in Spain and internationally.

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+ CONSTRUCCIONES Y AUXILIAR DE FE

Enters the portfolio with a 1.03% weight.

Construcciones y Auxiliar de Ferrocarriles, S.A. develops and sells rail and bus transport solutions in Spain, rest of Europe, the United States, the Asia-Pacific, and internationally. It offers trains, buses, components, signaling systems, and turnkey mobility solutions.

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+ WESTWING GROUP AG

Enters the portfolio with a 0.77% weight.

Westwing Group SE operates as an e-commerce retailer in the home and living sector. It operates in two segments, DACH and International.

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+ EURAZEO SA

Enters the portfolio with a 0.74% weight.

Eurazeo SE is a private equity and venture capital firm specializing in growth capital, acquisitions, leveraged buyouts, and buyins of a private company, and investments in mid-market and listed public companies. . The company invest in equity in the small-mid and Mid-large buyout segments.

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− FERRETTI SPA

Leaves the portfolio; weighed 2.59%.

Ferretti S.p.A. designs, constructs, markets, and sells yachts and vessels under the Riva, Wally, Ferretti Yachts, Pershing, Itama, Easy Boat, CRN, and Custom Line brand names.

− TUBACEX SA

Leaves the portfolio; weighed 2.17%.

Tubacex, S.A., together with its subsidiaries, engages in the manufacturing and sale of stainless steel and nickel tubes in Spain and internationally.

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− 2CRSI SA

Leaves the portfolio; weighed 2.16%.

2CRSI S.A., together with its subsidiaries, develops, manufactures, and distributes end-to-end computing solutions in France and internationally.

− SPAIN LETRAS DEL T

Leaves the portfolio; weighed 1.92%.

− THE ITALIAN SEA GROUP S.P.A.

Leaves the portfolio; weighed 1.89%.

− ACADEMY SPORTS&OUTDOORS INC

Leaves the portfolio; weighed 1.54%.

Academy Sports and Outdoors, Inc., through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States.

− Alten

Leaves the portfolio; weighed 1.27%.

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.

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− MAYVILLE ENGINEERING CO INC

Leaves the portfolio; weighed 1.16%.

Mayville Engineering Company, Inc., together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It supplies engineered components to original equipment manufacturers.

− LLORENTE & CUENCA SA

Leaves the portfolio; weighed 0.89%.

Llorente & Cuenca, S.A. operates as a communication, digital marketing, and public affairs consultancy firm in Latin America, Spain, and Portugal.

− SOMEC SPA

Leaves the portfolio; weighed 0.15%.

Somec S.p.A., together with its subsidiaries, engineers, designs, and deploys projects in the civil and naval engineering in Italy, rest of Europe, North America, and internationally.

− BEGBIES TRAYNOR GROUP PLC

Leaves the portfolio; weighed 0.06%.

BTG Consulting plc operates as a financial and real estate advisory company in the United Kingdom. It operates in two segments, Restructuring and Advisory, and Real Estate Advisory.

▲ ENERGYVISION SA

Goes from 1.63% to 3.17%.

EnergyVision NV operates as a B2B and B2C provider of solar energy and mobility-as-a-service solutions for both corporate and residential clients in Belgium, China, and Morocco. It operates through EPC activity; Asset-based Energy, Asset-based mobility, and Non-Asset based energy segment.

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▲ ASR NEDERLAND NV

Goes from 0.57% to 2.09%.

ASR Nederland N.V. provides insurance, pensions, and mortgages products and services for consumers, businesses, and employers in the Netherlands. The company operates through five segments: Non-Life, Life, Asset Management, Distribution and Services, and Holding and Other.

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▲ PUIG BRANDS SA

Goes from 3.34% to 3.93%.

Puig Brands, S.A. operates in the beauty and fashion industry in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company operates through three segments: Fragrance and Fashion, Makeup, and Skincare.

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▲ INFINEON TECHNOLOGIES AG

Goes from 2.26% to 2.81%.

Infineon Technologies AG develops, manufactures, and markets semiconductors and semiconductor-based solutions in Germany, Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, the Asia-Pacific, Japan, the United States, and the Americas.

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▲ BONESUPPORT HOLDING AB(BONEX SS

Goes from 1.21% to 1.58%.

Bonesupport Holding AB (publ), an orthobiologics company, develops and commercializes injectable bio-ceramic bone graft substitutes in the United States, Europe, and internationally.

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▲ RYANAIR HOLDINGS PLC

Goes from 2.87% to 3.16%.

Ryanair Holdings plc, together with its subsidiaries, engages in the provision of scheduled-passenger airline services in Ireland, Italy, Spain, the United Kingdom, and internationally.

See company page →
▲ JOST WERKE AG

Goes from 1.78% to 2.00%.

JOST Werke SE manufactures and supplies safety-critical systems for the commercial vehicle industry in Germany, Europe, he Middle East, Africa, the America, the Aisa Pacific, and Africa.

See company page →
▼ ZEGONA COMMUNICATIONS PLC

Goes from 10.98% to 5.06%.

Zegona Communications plc engages in the provision of integrated telecommunications services in Spain. The company offers broadband, mobile, TV, voice, data, and other value-added products and services. It serves business-to-consumer and business-to-business markets.

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▼ FLATEX AG

Goes from 4.63% to 3.03%.

flatexDEGIRO SE, together with its subsidiaries, provides online brokerage and IT solutions for banking and securities in Europe. The company operates through two segments, flatex and DEGIRO.

See company page →
▼ MONTANA AEROSPACE AG

Goes from 3.33% to 1.87%.

Montana Aerospace AG design, develop, and manufacture system components and complex assemblies worldwide and complex assemblies worldwide. The company operates through Aerostructures and Alpine Metal Tech segments.

See company page →
▼ AC.ALANTRA PARTNERS, SA

Goes from 3.86% to 2.43%.

Alantra Partners, S.A. engages in the investment banking and asset management services in Spain and internationally. The company provides financial advisory services to companies or entities in corporate finance operations; and stock market analysis and brokerage services to institutional investors.

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▼ BEFESA MEDIO AMBIENTE S.A.

Goes from 2.97% to 1.70%.

Befesa S.A. offers environmental recycling services to the steel and aluminum industries in the European, Asian, and North American markets. It operates in two segments, Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services.

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▼ LABORATORIOS FARMACEUTICOS ROVI

Goes from 5.51% to 4.42%.

Laboratorios Farmaceuticos Rovi, S.A. manufactures, sells, and markets pharmaceutical products in Spain, European Union, OECD countries, and internationally.

See company page →
▼ Trigano SA

Goes from 3.29% to 2.27%.

Trigano S.A., together with its subsidiaries, designs, manufactures, and distributes leisure vehicles and trailers in France, Germany, the United Kingdom, Benelux, Italy, Spain, Northern Europe, and internationally.

See company page →
▼ APERAM W/I

Goes from 2.99% to 2.08%.

Aperam S.A., together with its subsidiaries, produces and sells stainless steel and alloy products worldwide. The company operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables.

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▼ LINK MOBILITY GROUP HOLDING NOR

Goes from 2.75% to 1.85%.

LINK Mobility Group Holding ASA, together with its subsidiaries, provides mobile and communication-platform-as-a-service solutions. It operates through four segments: Northern Europe, Western Europe, Central Europe, and Global Messaging.

See company page →
▼ CIE AUTOMOTIVE SA

Goes from 3.25% to 2.51%.

CIE Automotive, S.A., together with its subsidiaries, manufactures and sells automotive parts and components in North America, Brazil, Asia, CIE Forging Europe, and rest of Europe.

See company page →
▼ NV BEKAERT SA

Goes from 2.54% to 1.82%.

NV Bekaert SA provides steel wire transformation and coating technologies worldwide. The company operates through four segments: Rubber Reinforcement, Steel Wire Solutions, Specialty Businesses, and Bridon-Bekaert Ropes Group.

See company page →
▼ FRANCAISE ENERGIE (FDE FP)

Goes from 2.32% to 1.68%.

La Française de l'Energie S.A., together with its subsidiaries, operates as a carbon-negative energy production company in France and internationally.

See company page →
▼ EVS BROADCAST EQUIPMENT S.A.

Goes from 3.00% to 2.37%.

EVS SA provides live video technology for broadcast and media productions in the United States, Europe, Africa, Middle East, and Asia Pacific.

See company page →
▼ EURAZEO SA

Goes from 1.60% to 1.04%.

Eurazeo SE is a private equity and venture capital firm specializing in growth capital, acquisitions, leveraged buyouts, and buyins of a private company, and investments in mid-market and listed public companies. . The company invest in equity in the small-mid and Mid-large buyout segments.

See company page →
▼ INTERNATIONAL PETROLEUM CORP

Goes from 1.17% to 0.82%.

International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. International Petroleum Corporation was incorporated in 2017 and is based in Vancouver, Canada.

See company page →

Which funds hold this stock?

Over each fund's current period.

324
Company # Funds
SPAIN GOVERNMENT B ES00000124C5 3 Valentum 10.79%Bestinver 1.48%MyInvestor 0.02%
ARCELORMITTAL LU1598757687 3 Magallanes 4.64%Valentum 2.50%Bestinver 1.92%
FAIRFAX INDIA HOLDINGS CORP CA3038971022 3 Horos 2.85%Sigma 2.38%True Value 1.50%
Renault FR0000131906 3 Horos 2.81%Cobas 1.70%Magallanes 1.61%
EXOR N.V. NL0012059018 3 Horos 2.91%Cobas 2.22%Bestinver 0.86%
EASYJET PLC GB00B7KR2P84 2 MyInvestor 8.47%Magallanes 3.63%
CONSTELLATION OIL SERVICES NO0013597419 2 Sigma 7.54%Horos 2.00%
PLUXEE NL0015001W49 2 Horos 5.06%Sigma 3.76%
Golar LNG LTD BMG9456A1009 2 Sigma 5.18%Cobas 3.23%
ZEGONA COMMUNICATIONS PLC GB00BVGBY890 2 Valentum 5.06%Sigma 3.35%
FAURECIA FR0000121147 2 MyInvestor 5.51%Magallanes 2.37%
TGS NOPEC GEOPHYSICAL CO ASA NO0003078800 2 Azvalor 3.82%Horos 3.82%
SYENSQO SA BE0974464977 2 Magallanes 3.92%MyInvestor 3.12%
GRIFOLS SA ES0171996087 2 Sigma 6.94%Azvalor 0.09%
CIE DE ST GOBAIN FR0000125007 2 Magallanes 3.75%Bestinver 3.25%
KECK SENG INVESTMENTS HK0184000948 2 True Value 6.58%Horos 0.26%
NOBLE CORP GB00BMXNWH07 2 Magallanes 3.40%Azvalor 3.15%
ANGLO AMERICAN PLC GB00BTK05J60 2 Magallanes 4.60%Bestinver 1.64%
BORR DRILLING LTD BMG1466R1732 2 Azvalor 4.08%Cobas 2.11%
Melia Hotels Intern. ES0176252718 2 Horos 3.38%Cobas 2.54%
HUSQVARNA AB SE0001662230 2 MyInvestor 3.91%Magallanes 1.81%
FAGRON BE0003874915 2 Valentum 2.95%Sigma 2.57%
BRENNTAG AG DE000A1DAHH0 2 Magallanes 3.54%Bestinver 1.96%
FACEBOOK INC US30303M1027 2 Bestinver 3.61%Valentum 1.77%
Kosmos Energy LTD US5006881065 2 Sigma 3.67%Cobas 1.50%
SAIPEN SPA IT0005495657 2 Magallanes 3.30%Bestinver 1.77%
Wizz Air Holdings JE00BN574F90 2 Cobas 2.93%Magallanes 1.88%
AMRIZE LTD CH1430134226 2 Bestinver 3.09%True Value 1.19%
MONTANA AEROSPACE AG CH1110425654 2 Sigma 2.30%Valentum 1.87%
Elior Group FR0011950732 2 MyInvestor 2.30%Cobas 1.67%
NAGACORP LTD KYG6382M1096 2 Sigma 2.47%Horos 1.36%
DOUGLAS AG DE000BEAU1Y4 2 MyInvestor 2.03%Cobas 1.72%
SUZANO PAPEL E CELULOSE SA US86959K1051 2 Horos 3.27%Azvalor 0.32%
Teleperformance SE FR0000051807 2 True Value 2.37%Cobas 1.21%
GESTAMP AUTOMOCION SA ES0105223004 2 Horos 2.76%Sigma 0.80%
Bollore FR0000039299 2 Horos 2.20%Cobas 1.26%
IWG PLC JE00BYVQYS01 2 True Value 2.11%Sigma 1.34%
Semapa Soc. Investim PTSEM0AM0004 2 Horos 2.13%Cobas 0.98%
LINK MOBILITY GROUP HLDG NO0010894231 2 Valentum 1.85%Sigma 1.12%
AMA GROUP LTD AU000000AMA8 2 Sigma 2.58%Azvalor 0.23%
Trigano FR0005691656 2 Valentum 2.27%MyInvestor 0.54%
APERAM W/I LU0569974404 2 Valentum 2.08%Horos 0.39%
Teva Pharmaceutical US8816242098 2 True Value 1.83%Cobas 0.20%
GRIFOLS SA ES0171996095 2 Cobas 1.61%Azvalor 0.13%
TECNICAS REUNIDAS SA ES0178165017 2 Cobas 1.54%Azvalor 0.00%
IBSTOCK PLC GB00BYXJC278 2 Cobas 1.26%Azvalor 0.25%
BAYERISCHE MOTOREN WERKE AG DE0005190003 2 Bestinver 1.46%Azvalor 0.00%
ENERGEAN PLC GB00BG12Y042 2 Cobas 1.39%Azvalor 0.03%
BAKKAFROST P/F FO0000000179 2 Sigma 1.11%Azvalor 0.06%
KAISA PROSPERITY HOLDINGS LT KYG522441032 2 True Value 0.32%Horos 0.00%
Nagarro SE DE000A3H2200 1 True Value 8.03%
DCC Plc IE0002424939 1 MyInvestor 6.63%
SCHLUMBERGER NV AN8068571086 1 Azvalor 5.53%
NASPERS LTD-N SHS NL0013654783 1 Sigma 5.46%
Barratt Developments GB0000811801 1 MyInvestor 5.22%
PRAIRIESKY ROYALTY LTD CA7397211086 1 Azvalor 5.03%
Dart Group PLC GB00B1722W11 1 MyInvestor 4.97%
GLENCORE PLC JE00B4T3BW64 1 Azvalor 4.95%
KINEPOLIS BE0974274061 1 Sigma 4.95%
Reply Spa IT0005282865 1 MyInvestor 4.87%
DUFRY AG CH0023405456 1 Magallanes 4.68%
TRANSOCEAN LTD CH0048265513 1 Azvalor 4.67%
REXEL SA FR0010451203 1 Magallanes 4.61%
EDENRED FR0010908533 1 Sigma 4.50%
LABORATORIOS FARMACEUTICOS ROVI ES0157261019 1 Valentum 4.42%
Alten FR0000071946 1 MyInvestor 4.41%
Georgia Capital PLC GB00BF4HYV08 1 True Value 4.41%
ALPHABET INC US02079K3059 1 True Value 4.33%
NASPERS LTD US6315122092 1 Horos 4.23%
SED ENERGY HOLDINGS CY0101162119 1 Sigma 4.21%
SKF AB SE0000108227 1 Magallanes 4.18%
ALIBABA GROUP HOLDING LTD US01609W1027 1 Sigma 3.94%
PUIG BRANDS SA ES0105777017 1 Valentum 3.93%
SANDVIK AB SE0000667891 1 Magallanes 3.74%
IT Link SA FR0000072597 1 True Value 3.74%
Billerud Aktiebolag SE0000862997 1 MyInvestor 3.71%
NOV INC US62955J1034 1 Azvalor 3.67%
BASIC-FIT NV NL0011872650 1 Sigma 3.67%
GEK TERNA HOLDING REAL ESTATE GRS145003000 1 Valentum 3.64%
Sesa SPA IT0004729759 1 MyInvestor 3.55%
TSK ELECTRONICA Y ELECTRICIDAD ES0105394003 1 Valentum 3.54%
CORP ACCIONA ENERGIAS RENOVABLE ES0105563003 1 Horos 3.53%
JUNGUEINRICHV PRFD DE0006219934 1 MyInvestor 3.45%
FUCHS PETROLUB SE DE000A3E5D64 1 MyInvestor 3.44%
KONINKLIJKE (ROYAL) PHILIPS ELE NL0000009538 1 Bestinver 3.43%
EVONIK INDUSTRIES AG DE000EVNK013 1 Magallanes 3.43%
Seb FR0000121709 1 MyInvestor 3.41%
ASMODEE GROUP SE0023615638 1 Sigma 3.36%
ARKEMA FR0010313833 1 MyInvestor 3.34%
MTU AERO ENGINES AG DE000A0D9PT0 1 True Value 3.31%
LLOYDS BANKING GROUP PLC GB0008706128 1 Bestinver 3.29%
CK Hutchison Holding KYG217651051 1 Cobas 3.26%
BOUYGUES FR0000120503 1 Magallanes 3.23%
Titan America SA BE6360403164 1 True Value 3.21%
ELECTROCOMPONENTS PLC GB0003096442 1 Magallanes 3.20%
CANADIAN NATURAL RESOURCES CA1363851017 1 Azvalor 3.19%
ENERGYVISION SA BE0974499312 1 Valentum 3.17%
RYANAIR HOLDINGS PLC IE00BYTBXV33 1 Valentum 3.16%
Sopra Group FR0000050809 1 Horos 3.14%
ANTOFAGASTA PLC GB0000456144 1 Magallanes 3.14%
CLARIANT AG CH0012142631 1 MyInvestor 3.12%
WHITEHAVEN COAL LTD AU000000WHC8 1 Azvalor 3.07%
BARCLAYS BANK PLC GB0031348658 1 Bestinver 3.06%
FLATEX AG DE000FTG1111 1 Valentum 3.03%
YELLOW CAKE PLC LONDON JE00BF50RG45 1 Azvalor 2.99%
TAIWAN SEMICONDUCTOR MANUFACTUR US8740391003 1 Bestinver 2.99%
Griffon Corp US3984331021 1 True Value 2.98%
JD Sports Fashion GB00BM8Q5M07 1 Cobas 2.91%
NEKKAR ASA NO0003049405 1 Sigma 2.88%
EUROFINS SCIENTIFIC SE FR0014000MR3 1 True Value 2.82%
VIDRALA SA ES0183746314 1 Valentum 2.81%
INFINEON TECHNOLOGIES AG DE0006231004 1 Valentum 2.81%
Hilton Grand Vacations Inc US43283X1054 1 True Value 2.77%
ONEX CORPORATION CA68272K1030 1 Horos 2.75%
Bw Offshore LTD BMG1738J1247 1 Cobas 2.72%
PAYPAL HOLDINGS INC US70450Y1038 1 Horos 2.69%
CICOR TECHNOLOGIES CH0008702190 1 Valentum 2.68%
PANDORA A/S DK0060252690 1 Bestinver 2.66%
LIBERTY GLOBAL LTD-C(LBTYK US) BMG611881019 1 Horos 2.65%
Bayer AG-REG DE000BAY0017 1 Cobas 2.61%
PERSIMMON PLC GB0006825383 1 Magallanes 2.59%
CIGNA GROUP/THE US1255231003 1 True Value 2.59%
Constellation Software Inc/Can CA21037X1006 1 True Value 2.58%
Electrolux AB SE0016589188 1 MyInvestor 2.57%
GCI LIBERTY INC CL C US36164V8000 1 Horos 2.56%
ZIGUP PLC GB00B41H7391 1 Horos 2.55%
Newlat Food SpA IT0005385213 1 True Value 2.54%
ALD SA FR0013258662 1 Horos 2.51%
CIE AUTOMOTIVE SA ES0105630315 1 Valentum 2.51%
CARREFOUR FR0000120172 1 Magallanes 2.50%
KION GROUP AG DE000KGX8881 1 Magallanes 2.48%
ELEVANCE HEALTH INC US0367521038 1 Bestinver 2.47%
TFI International Inc CA87241L1094 1 True Value 2.47%
DORMAKABA HOLDING AG CH1486524122 1 MyInvestor 2.45%
SMURFIT WESTROCK PLC IE00028FXN24 1 Bestinver 2.43%
AC.ALANTRA PARTNERS, SA ES0126501131 1 Valentum 2.43%
BW Energy LTD BMG0702P1086 1 Cobas 2.42%
AIRBUS GROUP NV NL0000235190 1 Bestinver 2.41%
Interpump IT0001078911 1 MyInvestor 2.41%
NAVIOS MARITIME MHY622674098 1 Sigma 2.41%
UNITY SOFTWARE INC US91332U1016 1 Bestinver 2.39%
SUN HUNG KAI AND CO LTD HK0086000525 1 Horos 2.37%
EVS BROADCAST EQUIPMENT S.A. BE0003820371 1 Valentum 2.37%
DeLonghi Spa IT0003115950 1 MyInvestor 2.36%
PORSCHE AG DE000PAG9113 1 Magallanes 2.33%
DSV A/S DK0060079531 1 Bestinver 2.32%
HEINEKEN NV NL0000009165 1 Bestinver 2.27%
AZIMUT HOLDING SPA IT0003261697 1 Horos 2.27%
BROCKHAUS TECHNOLOGIES AG(BKHT DE000A2GSU42 1 Valentum 2.27%
ION BEAM APPL BE0003766806 1 Valentum 2.27%
BOOKING HOLDINGS INC US09857L1089 1 Horos 2.21%
VALARIS LTD BMG9460G1015 1 Azvalor 2.20%
LIVANOVA PLC GB00BYMT0J19 1 Bestinver 2.19%
AKER BP ASA NO0010345853 1 Azvalor 2.17%
API Group Corp US00187Y1001 1 True Value 2.15%
BMW DE0005190037 1 Horos 2.14%
VALE SA US91912E1055 1 Azvalor 2.12%
ASR NEDERLAND NV NL0011872643 1 Valentum 2.09%
RollsRoyce Holdings PLC GB00B63H8491 1 Bestinver 2.07%
Duerr AG DE0005565204 1 MyInvestor 2.07%
MARR Spa IT0003428445 1 MyInvestor 2.05%
TAKE TWO INTERACTIVE SOFTWARE US8740541094 1 Sigma 2.05%
ORANGE POLSKA SA PLTLKPL00017 1 Magallanes 2.04%
LafargeHolcim Ltd CH0012214059 1 True Value 2.02%
GIIIApp US36237H1014 1 Cobas 2.01%
JOST WERKE AG DE000JST4000 1 Valentum 2.00%
Cofide IT0000070786 1 Horos 1.97%
VALTERRA PLATINUM LIMITED ZAE000013181 1 Magallanes 1.96%
VIENNA INSURANCE GROUP AT0000908504 1 Magallanes 1.96%
ANTIN INFRASTRUCTURE PARTNERS S FR0014005AL0 1 Horos 1.94%
Marshalls PLC GB00B012BV22 1 MyInvestor 1.92%
VOLKSWAGEN DE0007664039 1 Magallanes 1.91%
ASHMORE GB00B132NW22 1 Azvalor 1.89%
Brava Energía SA BRBRAVACNOR3 1 Cobas 1.89%
FAIRFAX FINL HLDGS LTD CA3039011026 1 True Value 1.89%
DISTRIBUIDORA INTERNACIONAL DE ES0126775008 1 Horos 1.87%
SIGNIFY NV NL0011821392 1 Magallanes 1.87%
HEIDELBERGCEMENT AG DE0006047004 1 Magallanes 1.86%
GLAXOSMITHKLINE (GBP) GB00BN7SWP63 1 Bestinver 1.85%
LNA SANTE FR0004170017 1 Horos 1.83%
EXPRO GROUP HOLDINGS NV(XPRO US NL0010556684 1 Horos 1.82%
NV BEKAERT SA BE0974258874 1 Valentum 1.82%
AMREST HOLDINGS ES0105375002 1 Horos 1.80%
CNH INDUSTRIAL NV NL0010545661 1 Bestinver 1.79%
RECKITT BENCKISER GROUP PLC GB00BSZBP530 1 Bestinver 1.75%
VERALLIA FR0013447729 1 Horos 1.74%
Laboratorio Almirall ES0157097017 1 Cobas 1.73%
BEFESA MEDIO AMBIENTE S.A. LU1704650164 1 Valentum 1.70%
HARLEY DAVIDSON INC US4128221086 1 Bestinver 1.69%
VALLOUREC FR0013506730 1 Bestinver 1.68%
FRANCAISE ENERGIE (FDE FP) FR0013030152 1 Valentum 1.68%
Viatris INC US92556V1061 1 Cobas 1.65%
B&M European Value JE00BVSYJW51 1 Cobas 1.63%
J D WETHERSPOON PLC GB0001638955 1 Azvalor 1.60%
Currys Plc GB00B4Y7R145 1 Cobas 1.60%
HERC HOLDINGS INC(HRI US) US42704L1044 1 Bestinver 1.59%
Premium Brands Holdings Corp CA74061A1084 1 True Value 1.59%
IMCD NV NL0010801007 1 True Value 1.58%
BONESUPPORT HOLDING AB(BONEX SS SE0009858152 1 Valentum 1.58%
Haitian Internationa KYG4232C1087 1 Cobas 1.57%
EXPEDIA INC US30212P3038 1 Bestinver 1.54%
Financiere Odet FR0000062234 1 Horos 1.54%
AUBAY FR0000063737 1 Horos 1.52%
Savills PLC GB00B135BJ46 1 MyInvestor 1.52%
RENTOKIL INITIAL PLC GB00B082RF11 1 Bestinver 1.51%
MA-COM TECHNOLOGY SOLUTIONS US55405Y1001 1 Bestinver 1.50%
Impregil IT0003865570 1 MyInvestor 1.50%
SAF-HOLLAND SE DE000SAFH001 1 Cobas 1.46%
GROUPE GUILLIN FR0012819381 1 Horos 1.45%
STIF SA (ALSTI FP) FR001400MDW2 1 Valentum 1.41%
Porsche AG DE000PAH0038 1 Cobas 1.40%
JD COM INC-ADR US47215P1066 1 Sigma 1.39%
SAVENCIA SA FR0000120107 1 Magallanes 1.38%
ASTA ENERGY SOLUTIONS AG(1AST G AT100ASTA001 1 Valentum 1.38%
BERKSHIRE HATHAWAY INC US0846707026 1 Bestinver 1.36%
NU Holdings Ltd/Cayman Islands KYG6683N1034 1 True Value 1.35%
TRIUMPH FINANCIAL INC US89679E3009 1 Sigma 1.34%
AYDEN NV NL0012969182 1 Sigma 1.33%
BETTER COLLECTIVE DK0060952240 1 Sigma 1.32%
CK Asset Holdings KYG2177B1014 1 Cobas 1.30%
Singapore Shipping Corp Ltd SG1J24887775 1 True Value 1.29%
DO & CO AG(DOC AV) AT0000818802 1 Valentum 1.24%
DEUTSCHE BOERSE AG DE0005810055 1 Bestinver 1.23%
Fresenius Medical DE0005785802 1 Cobas 1.23%
Sacyr ES0182870214 1 Cobas 1.20%
Petroreconcavo, S.A. BRRECVACNOR3 1 Cobas 1.20%
Cofide IT0005241762 1 Cobas 1.20%
MERLIN PROPERTIES SOCIMI SA ES0105025003 1 Horos 1.19%
Five9 Inc US3383071012 1 True Value 1.19%
SINGULAR PEOPLE ES0105611000 1 Valentum 1.15%
GLOBAL DOMINION ES0105130001 1 Sigma 1.12%
Domino's Pizza Group GB00BYN59130 1 Cobas 1.11%
VISA INC US92826C8394 1 True Value 1.11%
AFENTRA PLC GB00B4X3Q493 1 Sigma 1.09%
IMPERIAL BRANDS FIN PLC GB0004544929 1 Azvalor 1.08%
GRUPO EMPRESARIAL SAN JOSE ES0180918015 1 Valentum 1.08%
BNP Paribas, S.A. ES0000012P90 1 Cobas 1.06%
RANDSTAD NL0000379121 1 Azvalor 1.05%
DanieCo IT0000076486 1 Cobas 1.04%
EURAZEO SA FR001400UH76 1 Valentum 1.04%
CONSTRUCCIONES Y AUXILIAR DE FE ES0121975009 1 Valentum 1.03%
EURAZEO SA FR0000121121 1 Valentum 1.03%
MASTERCARD INC US57636Q1040 1 True Value 1.02%
MALIBU BOATS INC - A US56117J1007 1 Valentum 1.02%
Matas A/S DK0060497295 1 Cobas 1.01%
Vicat, S.A. FR0000031775 1 Cobas 0.99%
STELLANTIS NV NL00150001Q9 1 Magallanes 0.99%
DEUTSCHE BANK DE0005140008 1 Bestinver 0.98%
PERNOD RICARD SA FR0000120693 1 Azvalor 0.97%
CRH PLC IE0001827041 1 True Value 0.96%
MOSAIC CO/THE US61945C1036 1 Azvalor 0.92%
Accenture PLC IE00B4BNMY34 1 True Value 0.90%
LAURENT - PERRIER GROUP FR0006864484 1 Valentum 0.86%
INTERNATIONAL PETROLEUM CORP CA46016U1084 1 Valentum 0.82%
NEWCAP DK0064983373 1 Sigma 0.79%
Imerys FR0000120859 1 MyInvestor 0.78%
WESTWING GROUP AG DE000A2N4H07 1 Valentum 0.77%
Ipsos FR0000073298 1 MyInvestor 0.76%
EURAZEO SA FR0014013RD5 1 Valentum 0.74%
TULLOW OIL GB0001500809 1 Azvalor 0.70%
Industrie De Nora Sp IT0005186371 1 MyInvestor 0.67%
PROSEGUR CASH SA ES0105229001 1 Azvalor 0.65%
C AND C GROUP PLC IE00B010DT83 1 Magallanes 0.63%
WESTAIM CORP/THE US9569251013 1 Sigma 0.63%
SENDAS DISTRIBUIDORA SA BRASAIACNOR0 1 Bestinver 0.62%
ELETROBRÁS US15234Q2075 1 Azvalor 0.61%
SIG PLC XS2919902820 1 Azvalor 0.58%
BUCHER INDUSTRIES AG CH0002432174 1 Azvalor 0.57%
NUTRIEN LTD CA67077M1086 1 Azvalor 0.54%
SUZANO PAPEL E CELULOSE SA BRSUZBACNOR0 1 Azvalor 0.52%
BECLE SAB DE CV MX01CU010003 1 Horos 0.51%
MIQUEL Y COSTAS ES0164180012 1 Azvalor 0.49%
EPSILON ENERGY CA2943752097 1 Azvalor 0.47%
HELLOFRESH SE DE000A161408 1 Bestinver 0.46%
HUNTSMAN US4470111075 1 Bestinver 0.45%
Concentrix Corp US20602D1019 1 True Value 0.40%
FOXTONS GROUP PL GB00BCKFY513 1 Azvalor 0.39%
Plastivaloire FR0013252186 1 True Value 0.39%
AJISEN CHINA HOLDINGS LTD KYG0192S1093 1 Horos 0.38%
SODEXO SA FR0000121220 1 Azvalor 0.34%
Beneteau FR0000035164 1 MyInvestor 0.34%
Arbonia AG CH0110240600 1 MyInvestor 0.32%
SIG GB0008025412 1 Azvalor 0.27%
SONAE CAPITAL PTSNC0AM0006 1 Azvalor 0.24%
YOUNG & CO'S BREWERY PLC GB00B2NDK989 1 Azvalor 0.24%
KFORCE INC US4937321010 1 Azvalor 0.24%
FORTERRA PLC GB00BYYW3C20 1 Azvalor 0.22%
ELETROBRÁS BRAXIAACNOR0 1 Azvalor 0.21%
TIDEWATER INC US88642R1095 1 Azvalor 0.20%
EBRO FOODS ES0112501012 1 Azvalor 0.19%
NABORS INDUSTRIES LTD BMG6359F1370 1 Azvalor 0.19%
MGI Coutier FR0000053027 1 MyInvestor 0.19%
TAI CHEUNG HOLDINGS(88 HK) BMG8659B1054 1 Horos 0.13%
EVERFORTH INC US00191U1025 1 Azvalor 0.12%
AIMIA INC CA00900Q1037 1 Azvalor 0.11%
HOWDEN JOINERY GROUP PLC GB0005576813 1 Azvalor 0.10%
EUROCASH SA PLEURCH00011 1 Azvalor 0.09%
LINEA DIRECTA ASEGURADORA SA C ES0105546008 1 Azvalor 0.08%
PETRA DIAMONDS LTD BMG702782084 1 Azvalor 0.07%
GRIFOLS SA US3984384087 1 Azvalor 0.06%
BRITISH AMERICAN TOBACCO PLC GB0002875804 1 Azvalor 0.05%
PANORO ENERGY ASA NO0010564701 1 Azvalor 0.05%
ABN AMRO GROUP NV-CVA (EUR) NL0011540547 1 Bestinver 0.05%
TANG PALACE CHINA HOLDINGS KYG867001128 1 Horos 0.05%
TIME WATCH INVESTMENTS LTD KYG8879M1050 1 Horos 0.05%
ASIA STANDARD INTL GROUP BMG0533U2355 1 Horos 0.04%
KAPSCH TRAFFIC AT000KAPSCH9 1 Magallanes 0.04%
TUBACEX ES0132945017 1 Azvalor 0.02%
UNITED PARKS & RESORTS INC US81282V1008 1 Azvalor 0.02%
LSL PROPERTY SERVICES PLC GB00B1G5HX72 1 Azvalor 0.02%
INMOBILIARIA COLONIAL SA ES0139140174 1 Azvalor 0.01%
MERCEDES-BENZ GROUP AG DE0007100000 1 Azvalor 0.01%
ADLPartner FR0000062978 1 True Value 0.01%
TUBACEX ES0632945913 1 Azvalor 0.00%
PROSEGUR COMPAÑIA DE SEGURIDAD ES0175438003 1 Azvalor 0.00%
KONE OYJ FI0009013403 1 Azvalor 0.00%
INTERTEK GROUP GB0031638363 1 Azvalor 0.00%
PETROFAC LTD GB00B0H2K534 1 Azvalor 0.00%
KRONES AG DE0006335003 1 Azvalor 0.00%
ELETROBRÁS US15236F1003 1 Azvalor 0.00%
NEWMONT CORP US6516391066 1 Azvalor 0.00%
CIE FINANCIERE RICHEMONT SA CH0210483332 1 Azvalor 0.00%
Cosco Capital PHY1765W1054 1 Cobas 0.00%
D.L.S.I. FR0010404368 1 True Value 0.00%
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Disclaimer

This is not financial advice. Data comes from the public periodic reports each manager files with the CNMV and lags the real close of the period: it's a snapshot of the end of each quarter or half-year, not a real-time portfolio. Past returns do not guarantee future returns.