Portfolios loaded from the CNMV.
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.
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.
Distinct management companies.
Distinct positions by ISIN, across all tracked funds.
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.
Each fund's portfolio
Every company held, with which fund(s) hold it and its weight in each. Filter by fund with the dropdown.
RV Internac. = Renta Variable Internacional (international equities).
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)
+ 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 →+ 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.
− 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 →▲ 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)
+ 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 →+ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →Cobas H1 2026 vs H2 2025 (estimated)
+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →− 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.
See company page →− 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.
See company page →− 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ Sacyr
Goes from 1.72% to 1.20%.
Sacyr, S.A. engages in the development and operation of infrastructure concessions worldwide.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
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.
See company page →Horos H1 2026 vs H2 2025 (estimated)
+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →− 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.
See company page →− 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.
See company page →▲ 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.
See company page →▼ 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.
See company page →▼ 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 →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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)
+ 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.
See company page →− 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →MyInvestor H1 2026 vs H2 2025 (estimated)
+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ Electrolux AB
Enters the portfolio with a 2.57% weight.
AB Electrolux (publ), together with its subsidiaries, develops, manufactures, and sells household appliances.
See company page →+ 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…
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →− 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.
See company page →− 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.
See company page →− 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →Sigma H1 2026 vs H2 2025 (estimated)
+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →− 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.
See company page →− 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.
See company page →− 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.
See company page →− 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.
See company page →− 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →True Value H1 2026 vs H2 2025 (estimated)
+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →− 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →Valentum H1 2026 vs H2 2025 (estimated)
+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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).
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →+ 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.
See company page →− 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.
See company page →− 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.
See company page →− 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▲ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
See company page →▼ 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.
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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.