 | |
Azvalor Iberia FIMutual Fund | |
| Azvalor Asset Management | |
| Last update 2024-08-07 | 13 Stocks (5 new) |
| Value $37.00 Mil | Turnover 25 % |
| Portfolio Report | |
Azvalor Iberia FI Investing Philosophy
Azvalor Iberia FI is a fund that invests more than 75% of its assets in Equities. Its portfolio consists of Spanish and Portuguese companies listed on secondary markets with Spanish shares not exceeding 90% of the fund. Companies are selected regardless of their size or sector.This fund is managed according to the principles of value investing. Its managers therefore search for undervalued companies that are good businesses, easy to understand, with sustainable competitive advantages over time, high return on capital employed (ROCE), led by quality management teams and whose intrinsic value is not reflected in their share price. It aims to take advantage of short-term market irrationality using volatility as an opportunity with the conviction that in the long term and with patience the market will recognise their value.Risk exposure will be between 0-25% of total exposure - it does not invest in derivative instruments. It is a manager-driven fund strongly linked to the high conviction approach of its manager, Fernando Bernad. Its management goal is to obtain satisfactory and sustained return over time, thus favouring investors with a long-term time horizon.
Azvalor Iberia FI Top Holdings of 2024-06-30
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| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMAD:TUB | Tubacex SA | 2,014,198 | 6526.000 | +6.85% | 17.450 | +1.12% | 1.670 | +14.44% | -6.05% | 383.057 | Steel | |
XMAD:TRE | Tecnicas Reunidas SA | 474,268 | 5990.000 | -35.89% | 16.020 | -6.92% | 0.610 | -0.72% | +32.69% | 865.156 | Construction | |
XMAD:CASH | Prosegur Cash SA | 8,892,720 | 4642.000 | +6.38% | 12.410 | +0.74% | 0.600 | +5.28% | +6.31% | 795.925 | Transportation | |
XLIS:SNC | Sonaecom SA | 1,251,953 | 3205.000 | +5.05% | 8.570 | +0.41% | 0.410 | -6.11% | -9.55% | 752.192 | Media - Diversified | |
XMAD:MCM | Miquel y Costas & Miquel SA | 246,385 | 3203.000 | -4.62% | 8.570 | -0.44% | 0.650 | -1.87% | +8.32% | 472.381 | Forest Products | |
XMAD:LDA | Linea Directa Aseguradora SA | 2,727,509 | 3153.000 | New Holding | 8.430 | +8.43% | 0.250 | +12.33% | +40.85% | 1288.238 | Insurance | |
XMAD:MAP | Mapfre SA | 1,360,260 | 2930.000 | +27.31% | 7.840 | +1.68% | 0.040 | +21.08% | +38.93% | 7959.274 | Insurance | |
XMAD:ENO | Elecnor SA | 146,774 | 2912.000 | -25.91% | 7.790 | -3.14% | 0.170 | +1.24% | +6.39% | 1727.718 | Construction | |
XMAD:GRF.P | Grifols SA | 483,187 | 2759.000 | New Holding | 7.380 | +7.38% | 0.070 | +16.05% | -22.56% | 6494.044 | Drug Manufacturers | |
XMAD:GRF | Grifols SA | 157,506 | 1238.000 | New Holding | 3.310 | +3.31% | 0.020 | +17.33% | -32.71% | 6494.044 | Drug Manufacturers |
Azvalor Iberia FI's Historical Top Holdings Breakdowns
Azvalor Iberia FI's Top Stock Picks
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| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
XMAD:LDA | Linea Directa Aseguradora SA | 2024-06-30 | New Buy | +8.43% | 0.9 (€1.06) 1.2 | €1.18 | 11.70% | New holding | 2,727,509 | 2,727,509 | |
XMAD:GRF.P | Grifols SA | 2024-06-30 | New Buy | +7.38% | 5.62 (€6.39) 7.01 | €8.17 | 27.86% | New holding | 483,187 | 483,187 | |
XLIS:SEM | Semapa SA | 2024-06-30 | Reduce | -7.02% | 13.96 (€15.33) 16.6 | €14.22 | -7.24% | Reduce -92.92% | 12,796 | -167,876 | |
XMAD:TRE | Tecnicas Reunidas SA | 2024-06-30 | Reduce | -6.92% | 7.52 (€10.59) 12.88 | €11.08 | 4.63% | Reduce -35.89% | 474,268 | -265,492 | |
XMAD:GRF | Grifols SA | 2024-06-30 | New Buy | +3.31% | 7.86 (€9.06) 10.18 | €10.40 | 14.79% | New holding | 157,506 | 157,506 | |
XMAD:ENO | Elecnor SA | 2024-06-30 | Reduce | -3.14% | 19.2 (€20.22) 21.2 | €20.40 | 0.89% | Reduce -25.91% | 146,774 | -51,333 | |
GRFS | Grifols SA | 2024-06-30 | New Buy | +1.74% | 6.27 ($6.95) 7.7 | $9.29 | 33.67% | New holding | 112,852 | 112,852 | |
XMAD:MAP | Mapfre SA | 2024-06-30 | Add | +1.68% | 2.13 (€2.25) 2.38 | €2.60 | 15.38% | Add 27.31% | 1,360,260 | 291,809 | |
XMAD:TUB | Tubacex SA | 2024-06-30 | Add | +1.12% | 3.04 (€3.24) 3.47 | €3.17 | -2.16% | Add 6.85% | 2,014,198 | 129,055 | |
XMAD:CASH | Prosegur Cash SA | 2024-06-30 | Add | +0.74% | 0.48 (€0.52) 0.55 | €0.54 | 3.85% | Add 6.38% | 8,892,720 | 533,316 |
Azvalor Iberia FI Total Holding History ($B)
Azvalor Iberia FI's Asset Allocation
Azvalor Iberia FI Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
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Azvalor Iberia FI's Hypothetical Growth since 2024-06-30
Azvalor Iberia FI's Yearly Returns
| Year | Portfolio % | % | Excess Gain % |
|---|
Azvalor Iberia FI's Holdings Heat Map
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Azvalor Iberia FI's Holdings Bubble Chart
Azvalor Iberia FI News
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