Titelia

Holdings of AZVALOR INTERNACIONAL, FI

AZVALOR ASSET MANAGEMENT, SGIIC, S.A. ·62 declared positions · as of Dec 31, 2025

Original filing · Net assets 2.5B € · Ten largest lines: 71.3 % of the equity sleeve

Sector breakdown

  • Energy 17.3 %
  • Materials 12.3 %
  • Consumer staples 1.3 %
  • Unattributed 69.1 %

Titelia classification, company by company. The unattributed share stays visible.

Currency breakdown

  • EUR 100.0 %

The quoted currency of each line, as declared.

Country breakdown

  • GB 27.7 %
  • US 25.3 %
  • CA 15.4 %
  • BM 9.3 %
  • BR 6.7 %
  • AU 6.5 %
  • ES 4.7 %
  • NO 1.9 %
  • LU 0.9 %
  • NL 0.8 %
  • PT 0.4 %
  • PL 0.2 %

Shares computed on the equity sleeve.

CountryLinesValueShare
GB14387.4M €27.73 %
US8353.7M €25.32 %
CA5214.6M €15.36 %
BM3129.9M €9.30 %
BR693.1M €6.67 %
AU191.2M €6.53 %
ES965.4M €4.68 %
NO227.2M €1.95 %
LU113.1M €0.94 %
NL211.2M €0.80 %
PT16.1M €0.44 %
PL13.4M €0.24 %

Positions

CompanySharesValueWeight
SLB Ltd 147.2M €5.92 %
Glencore PLC 122.9M €4.94 %
Noble Corp PLC 122M €4.91 %
PrairieSky Royalty Ltd 116.6M €4.69 %
Canadian Natural Resources Ltd 94.4M €3.80 %
Whitehaven Coal Ltd 91.2M €3.67 %
NOV Inc 86.8M €3.49 %
Transocean Ltd 85.2M €3.43 %
Borr Drilling Ltd. 79.8M €3.21 %
Ashmore Group PLC 49.6M €2.00 %
Vale SA 48.6M €1.96 %
Valaris Ltd 46M €1.85 %
J D Wetherspoon PLC 36.3M €1.46 %
Tidewater Inc 28.5M €1.15 %
Aker BP ASA 26M €1.05 %
Prosegur Cash SA 20M €0.80 %
Imperial Brands PLC 17.3M €0.70 %
Suzano SA 15.5M €0.62 %
Foxtons Group PLC 14.8M €0.59 %
Miquel y Costas & Miquel SA 14.5M €0.58 %
Tenaris SA 13.1M €0.53 %
Tullow Oil PLC 11.2M €0.45 %
Randstad NV 11.2M €0.45 %
Axia Energia SA 11M €0.44 %
SIG PLC 10.5M €0.42 %
Melia Hotels International SA 10.4M €0.42 %
CATALANA OCCIDENTE 9.5M €0.38 %
Suzano SA 8.8M €0.36 %
Axia Energia 6.5M €0.26 %
SONAE CAPITAL 6.1M €0.25 %
Epsilon Energy Ltd 5.8M €0.24 %
Grifols SA 5M €0.20 %
Petra Diamonds Ltd. 4.1M €0.16 %
Aimia Inc 3.6M €0.14 %
Eurocash SA 3.4M €0.14 %
Grifols SA 3.2M €0.13 %
AXIA ENERGIA 2.8M €0.11 %
Grifols SA 2.5M €0.10 %
British American Tobacco PLC 1.3M €0.05 %
Panoro Energy ASA 1.2M €0.05 %
Energean PLC 1.1M €0.04 %
Mercedes-Benz Group AG 492.6K €0.02 %
LSL Property Services PLC 483.9K €0.02 %
Colonial SFL Socimi SA 232.6K €0.01 %
Prosegur Cia de Seguridad SA 34.6K €0.00 %
Cie Financiere Richemont SA 18.5K €0.00 %
Newmont Corp 8.5K €0.00 %
Otis Worldwide Corp 7.4K €0.00 %
Kone Oyj 6.1K €0.00 %
Anheuser-Busch InBev SA/NV 5.5K €0.00 %
Bayerische Motoren Werke AG 931 €
Bayerische Motoren Werke Aktiengesellschaft 915 €
Petrofac Ltd 539 €
Pan American Silver Corp 441 €
Fresnillo PLC 382 €
Barrick Mining Corp 371 €
Bayer AG 370 €
Anglo American PLC 354 €
Vallourec SACA 157 €
Howden Joinery Group PLC 95 €
Allfunds Group Plc 80 €
Geopark Ltd 63 €