Titelia

Holdings of AZVALOR MANAGERS, FI

AZVALOR ASSET MANAGEMENT, SGIIC, S.A. ·237 declared positions · as of Dec 31, 2025

Original filing · Net assets 180.5M € · Ten largest lines: 18.6 % of the equity sleeve

Sector breakdown

  • Communication 2.6 %
  • Consumer discretionary 2.4 %
  • Financials 2.0 %
  • Technology 1.8 %
  • Energy 1.5 %
  • Materials 1.1 %
  • Industrials 0.5 %
  • Utilities 0.1 %
  • Unattributed 87.9 %

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

  • US 30.2 %
  • CA 18.9 %
  • HK 15.1 %
  • CN 10.4 %
  • ZA 5.5 %
  • GB 4.0 %
  • BR 3.2 %
  • BM 3.1 %
  • AU 2.0 %
  • KY 1.3 %
  • LU 0.9 %
  • NO 0.9 %
  • Other countries 4.4 %

Shares computed on the equity sleeve.

CountryLinesValueShare
US6328.8M €30.21 %
CA5418M €18.90 %
HK3014.4M €15.10 %
CN409.9M €10.39 %
ZA65.3M €5.52 %
GB73.8M €4.00 %
BR63M €3.19 %
BM32.9M €3.05 %
AU81.9M €2.01 %
KY81.3M €1.32 %
LU1891.5K €0.94 %
NO1869.3K €0.91 %

Positions

CompanySharesValueWeight
IAMGOLD Corp 2.4M €1.31 %
Tencent Holdings Ltd 2.2M €1.22 %
Valterra Platinum Ltd 1.8M €1.01 %
Valaris Ltd 1.8M €0.99 %
M/I Homes Inc 1.7M €0.95 %
Harley-Davidson Inc 1.7M €0.94 %
RLJ Lodging Trust 1.7M €0.92 %
Alibaba Group Holding Ltd 1.6M €0.88 %
Centerra Gold Inc 1.5M €0.86 %
Seadrill Ltd 1.4M €0.75 %
Hamilton Insurance Group Ltd 1.2M €0.65 %
Global Ship Lease Inc 1.2M €0.65 %
Ryerson Holding Corp 1.1M €0.63 %
Pop Mart International Group Ltd 1.1M €0.63 %
Radian Group Inc 1.1M €0.63 %
Equinox Gold Corp 1.1M €0.60 %
China Merchants Bank Co Ltd 1.1M €0.59 %
Sibanye Stillwater Ltd 1M €0.58 %
Jiangsu Hengli Hydraulic Co Ltd 1M €0.57 %
Cromwell Property Group 970.1K €0.54 %
Dundee Corp 953.5K €0.53 %
Motorcar Parts of America Inc 947K €0.52 %
Impala Platinum Holdings Ltd 941.2K €0.52 %
Hammerson PLC 933.1K €0.52 %
Birchcliff Energy Ltd 922.1K €0.51 %
Zijin Mining Group Co Ltd 898.1K €0.50 %
Ternium SA 891.5K €0.49 %
KB Home 883.6K €0.49 %
Aker ASA 869.3K €0.48 %
Centrus Energy Corp 853.5K €0.47 %
Antero Resources Corp 851.1K €0.47 %
Hong Kong Exchanges & Clearing Ltd 842.9K €0.47 %
West Fraser Timber Co Ltd 842.8K €0.47 %
Anglo American PLC 821.5K €0.46 %
Valterra Platinum Ltd 813.4K €0.45 %
Taiwan Semiconductor Manufacturing Co Ltd 806.1K €0.45 %
B3 SA - Brasil Bolsa Balcao 787K €0.44 %
Kaspi.KZ JSC 778.2K €0.43 %
Sungrow Power Supply Co Ltd 774.7K €0.43 %
Suzano SA 734.3K €0.41 %
Fairfax India Holdings Corp 702K €0.39 %
Major Drilling Group International Inc 698.6K €0.39 %
Titan International Inc 674K €0.37 %
Howard Hughes Holdings Inc 658.7K €0.37 %
International Petroleum Corp 658.7K €0.37 %
Sprott Physical Uranium Trust 644.6K €0.36 %
Core Natural Resources Inc 629.7K €0.35 %
Alamos Gold Inc 626.3K €0.35 %
Samsonite Group SA 618.6K €0.34 %
Travis Perkins PLC 612.5K €0.34 %
Midland Holdings Ltd 611.5K €0.34 %
Sino Land Co Ltd 604.3K €0.33 %
Sieyuan Electric Co Ltd 599.2K €0.33 %
Ivanhoe Electric Inc / US 590.7K €0.33 %
Douglas Elliman Inc 576.9K €0.32 %
UniCredit SpA 568.8K €0.32 %
Xiaomi Corp 554.3K €0.31 %
Ferroglobe PLC 553.3K €0.31 %
JSE Ltd 548.7K €0.30 %
Natura Cosmeticos SA 536K €0.30 %
Greenfire Resources Ltd 535.7K €0.30 %
Localiza Rent a Car SA 533.2K €0.30 %
PDD Holdings Inc 526.1K €0.29 %
COOL CO LTD 518.4K €0.29 %
Straits Trading Co Ltd/Singapore 495.4K €0.27 %
Westaim Corp 475.3K €0.26 %
Guizhou Aviation Technical Development Co Ltd 472.2K €0.26 %
PetroChina Co Ltd 468K €0.26 %
Genomma Lab Internacional SAB de CV 466.5K €0.26 %
Yantai Jereh Oilfield Services Group Co Ltd 455K €0.25 %
China Life Insurance Co Ltd 452.7K €0.25 %
Cia Paranaense de Energia - Copel 452.1K €0.25 %
Trip.com Group Ltd 451.9K €0.25 %
Uranium Energy Corp 437.6K €0.24 %
Hooker Furnishings Corp 436.3K €0.24 %
Banco Bradesco SA 433.9K €0.24 %
Foran Mining Corp 417.7K €0.23 %
NMI Holdings Inc 416.7K €0.23 %
Zhejiang Sanhua Intelligent Controls Co Ltd 413.3K €0.23 %
Contemporary Amperex Technology Co Ltd 407.4K €0.23 %
Midea Group Co Ltd 398.2K €0.22 %
SLB Ltd 390.1K €0.22 %
ANTA Sports Products Ltd 389.9K €0.22 %
Expand Energy Corp 382.7K €0.21 %
Shenzhen Inovance Technology Co Ltd 380.1K €0.21 %
XCMG Construction Machinery Co Ltd 373.8K €0.21 %
D-MARKET Elektronik Hizmetler ve Ticaret AS 371.2K €0.21 %
Alpha Metallurgical Resources Inc 370.6K €0.21 %
Energy Fuels Inc/Canada 367.7K €0.20 %
Hudbay Minerals Inc 363.6K €0.20 %
Xi'an Sinofuse Electric Co Ltd 355.7K €0.20 %
Southwest Airlines Co 334.3K €0.19 %
Endeavour Mining PLC 327.1K €0.18 %
Guardian Metal Resources Plc 326.6K €0.18 %
Metallus Inc 311.2K €0.17 %
Comstock Resources Inc 309.5K €0.17 %
BeOne Medicines Ltd 306.3K €0.17 %
Broadridge Financial Solutions Inc 306.1K €0.17 %
G Mining Ventures Corp 304.7K €0.17 %
NetEase Inc 303.1K €0.17 %