{
	"fund": "ALCESTIS INVESTMENT, SICAV, S.A.",
	"id": "ESSICAV3211-0",
	"url": "https://titelia.com/en/funds/ESSICAV3211-0",
	"manager": "A&G FONDOS, SGIIC, SA",
	"filing": "cnmv",
	"currency": "EUR",
	"net_assets": 58255218,
	"as_of": "2025-12-31",
	"page": {
		"total": 215,
		"limit": 1000,
		"offset": 0,
		"more": false,
		"next": null,
		"previous": null
	},
	"holdings": [
		{
			"isin": "ES0129743318",
			"company": "Elecnor SA",
			"company_url": "https://titelia.com/en/stocks/elecnor-sa-ES0129743318",
			"country": "ES",
			"shares": 0,
			"value": 429342,
			"currency": "EUR",
			"weight": 0.737,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US01609W1027",
			"company": "Alibaba Group Holding Ltd",
			"company_url": "https://titelia.com/en/stocks/alibaba-group-holding-ltd-US01609W1027",
			"country": "US",
			"shares": 0,
			"value": 321979,
			"currency": "EUR",
			"weight": 0.5527,
			"as_of": "2025-12-31"
		},
		{
			"isin": "KYG875721634",
			"company": "Tencent Holdings Ltd",
			"company_url": "https://titelia.com/en/stocks/tencent-holdings-ltd-KYG875721634",
			"country": "HK",
			"shares": 0,
			"value": 236126,
			"currency": "EUR",
			"weight": 0.4053,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0173516115",
			"company": "Repsol SA",
			"company_url": "https://titelia.com/en/stocks/repsol-sa-ES0173516115",
			"country": "ES",
			"shares": 0,
			"value": 201929,
			"currency": "EUR",
			"weight": 0.3466,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0012032048",
			"company": "Roche Holding AG",
			"company_url": "https://titelia.com/en/stocks/roche-holding-ag-CH0012032048",
			"country": "CH",
			"shares": 0,
			"value": 188721,
			"currency": "EUR",
			"weight": 0.324,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NO0010345853",
			"company": "Aker BP ASA",
			"company_url": "https://titelia.com/en/stocks/aker-bp-asa-NO0010345853",
			"country": "NO",
			"shares": 0,
			"value": 183650,
			"currency": "EUR",
			"weight": 0.3153,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US2566771059",
			"company": "Dollar General Corp",
			"company_url": "https://titelia.com/en/stocks/dollar-general-corp-US2566771059",
			"country": "US",
			"shares": 0,
			"value": 180865,
			"currency": "EUR",
			"weight": 0.3105,
			"as_of": "2025-12-31"
		},
		{
			"isin": "VGG2921V1067",
			"company": "E-Commodities Holdings Ltd",
			"company_url": "https://titelia.com/en/stocks/e-commodities-holdings-ltd-VGG2921V1067",
			"country": "CN",
			"shares": 0,
			"value": 175746,
			"currency": "EUR",
			"weight": 0.3017,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US0382221051",
			"company": "Applied Materials Inc",
			"company_url": "https://titelia.com/en/stocks/applied-materials-inc-US0382221051",
			"country": "US",
			"shares": 0,
			"value": 164101,
			"currency": "EUR",
			"weight": 0.2817,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000121147",
			"company": "Forvia SE",
			"company_url": "https://titelia.com/en/stocks/forvia-se-FR0000121147",
			"country": "FR",
			"shares": 0,
			"value": 154859,
			"currency": "EUR",
			"weight": 0.2658,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US4278661081",
			"company": "Hershey Co/The",
			"company_url": "https://titelia.com/en/stocks/hershey-co-the-US4278661081",
			"country": "US",
			"shares": 0,
			"value": 147966,
			"currency": "EUR",
			"weight": 0.254,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US5529531015",
			"company": "MGM Resorts International",
			"company_url": "https://titelia.com/en/stocks/mgm-resorts-international-US5529531015",
			"country": "US",
			"shares": 0,
			"value": 142911,
			"currency": "EUR",
			"weight": 0.2453,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US1729674242",
			"company": "Citigroup Inc",
			"company_url": "https://titelia.com/en/stocks/citigroup-inc-US1729674242",
			"country": "US",
			"shares": 0,
			"value": 135116,
			"currency": "EUR",
			"weight": 0.2319,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US0367521038",
			"company": "Elevance Health Inc",
			"company_url": "https://titelia.com/en/stocks/elevance-health-inc-US0367521038",
			"country": "US",
			"shares": 0,
			"value": 134306,
			"currency": "EUR",
			"weight": 0.2305,
			"as_of": "2025-12-31"
		},
		{
			"isin": "KYG070341048",
			"company": "Baidu Inc",
			"company_url": "https://titelia.com/en/stocks/baidu-inc-KYG070341048",
			"country": "HK",
			"shares": 0,
			"value": 133913,
			"currency": "EUR",
			"weight": 0.2299,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0005190003",
			"company": "Bayerische Motoren Werke AG",
			"company_url": "https://titelia.com/en/stocks/bayerische-motoren-werke-ag-DE0005190003",
			"country": "DE",
			"shares": 0,
			"value": 131327,
			"currency": "EUR",
			"weight": 0.2254,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0010273215",
			"company": "ASML Holding NV",
			"company_url": "https://titelia.com/en/stocks/asml-holding-nv-NL0010273215",
			"country": "NL",
			"shares": 0,
			"value": 124389,
			"currency": "EUR",
			"weight": 0.2135,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0014000MR3",
			"company": "Eurofins Scientific SE",
			"company_url": "https://titelia.com/en/stocks/eurofins-scientific-se-FR0014000MR3",
			"country": "LU",
			"shares": 0,
			"value": 124176,
			"currency": "EUR",
			"weight": 0.2132,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL00150001Q9",
			"company": "Stellantis NV",
			"company_url": "https://titelia.com/en/stocks/stellantis-nv-NL00150001Q9",
			"country": "NL",
			"shares": 0,
			"value": 118736,
			"currency": "EUR",
			"weight": 0.2038,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0002074580",
			"company": "Genus PLC",
			"company_url": "https://titelia.com/en/stocks/genus-plc-GB0002074580",
			"country": "GB",
			"shares": 0,
			"value": 118575,
			"currency": "EUR",
			"weight": 0.2035,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B7KR2P84",
			"company": "easyJet PLC",
			"company_url": "https://titelia.com/en/stocks/easyjet-plc-GB00B7KR2P84",
			"country": "GB",
			"shares": 0,
			"value": 114843,
			"currency": "EUR",
			"weight": 0.1971,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US02079K3059",
			"company": "Alphabet Inc",
			"company_url": "https://titelia.com/en/stocks/alphabet-inc-US02079K3059",
			"country": "US",
			"shares": 0,
			"value": 113257,
			"currency": "EUR",
			"weight": 0.1944,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US5184391044",
			"company": "Estee Lauder Cos Inc/The",
			"company_url": "https://titelia.com/en/stocks/estee-lauder-cos-inc-the-US5184391044",
			"country": "US",
			"shares": 0,
			"value": 107882,
			"currency": "EUR",
			"weight": 0.1852,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CY0106002112",
			"company": "ATALAYA MINING COPPER SA",
			"company_url": "https://titelia.com/en/stocks/atalaya-mining-copper-sa-CY0106002112",
			"country": "GB",
			"shares": 0,
			"value": 103202,
			"currency": "EUR",
			"weight": 0.1772,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000A1PHFF7",
			"company": "HUGO BOSS AG",
			"company_url": "https://titelia.com/en/stocks/hugo-boss-ag-DE000A1PHFF7",
			"country": "DE",
			"shares": 0,
			"value": 102305,
			"currency": "EUR",
			"weight": 0.1756,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CA6979001089",
			"company": "Pan American Silver Corp",
			"company_url": "https://titelia.com/en/stocks/pan-american-silver-corp-CA6979001089",
			"country": "CA",
			"shares": 0,
			"value": 100436,
			"currency": "EUR",
			"weight": 0.1724,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000120172",
			"company": "Carrefour SA",
			"company_url": "https://titelia.com/en/stocks/carrefour-sa-FR0000120172",
			"country": "FR",
			"shares": 0,
			"value": 97618,
			"currency": "EUR",
			"weight": 0.1676,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0000852564",
			"company": "Aalberts NV",
			"company_url": "https://titelia.com/en/stocks/aalberts-nv-NL0000852564",
			"country": "NL",
			"shares": 0,
			"value": 96526,
			"currency": "EUR",
			"weight": 0.1657,
			"as_of": "2025-12-31"
		},
		{
			"isin": "AN8068571086",
			"company": "SLB Ltd",
			"company_url": "https://titelia.com/en/stocks/slb-ltd-AN8068571086",
			"country": "US",
			"shares": 0,
			"value": 95416,
			"currency": "EUR",
			"weight": 0.1638,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CA6445351068",
			"company": "New Gold Inc",
			"company_url": "https://titelia.com/en/stocks/new-gold-inc-CA6445351068",
			"country": "CA",
			"shares": 0,
			"value": 95347,
			"currency": "EUR",
			"weight": 0.1637,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0006231004",
			"company": "Infineon Technologies AG",
			"company_url": "https://titelia.com/en/stocks/infineon-technologies-ag-DE0006231004",
			"country": "DE",
			"shares": 0,
			"value": 95268,
			"currency": "EUR",
			"weight": 0.1635,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US91324P1021",
			"company": "UnitedHealth Group Inc",
			"company_url": "https://titelia.com/en/stocks/unitedhealth-group-inc-US91324P1021",
			"country": "US",
			"shares": 0,
			"value": 92748,
			"currency": "EUR",
			"weight": 0.1592,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US2546871060",
			"company": "Walt Disney Co/The",
			"company_url": "https://titelia.com/en/stocks/walt-disney-co-the-US2546871060",
			"country": "US",
			"shares": 0,
			"value": 92021,
			"currency": "EUR",
			"weight": 0.158,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US4581401001",
			"company": "Intel Corp",
			"company_url": "https://titelia.com/en/stocks/intel-corp-US4581401001",
			"country": "US",
			"shares": 0,
			"value": 89537,
			"currency": "EUR",
			"weight": 0.1537,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US2441991054",
			"company": "Deere & Co",
			"company_url": "https://titelia.com/en/stocks/deere-co-US2441991054",
			"country": "US",
			"shares": 0,
			"value": 89187,
			"currency": "EUR",
			"weight": 0.1531,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0000108227",
			"company": "SKF AB",
			"company_url": "https://titelia.com/en/stocks/skf-ab-SE0000108227",
			"country": "SE",
			"shares": 0,
			"value": 88963,
			"currency": "EUR",
			"weight": 0.1527,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0007188757",
			"company": "Rio Tinto PLC",
			"company_url": "https://titelia.com/en/stocks/rio-tinto-plc-GB0007188757",
			"country": "GB",
			"shares": 0,
			"value": 86491,
			"currency": "EUR",
			"weight": 0.1485,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US8835561023",
			"company": "Thermo Fisher Scientific Inc",
			"company_url": "https://titelia.com/en/stocks/thermo-fisher-scientific-inc-US8835561023",
			"country": "US",
			"shares": 0,
			"value": 86335,
			"currency": "EUR",
			"weight": 0.1482,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BN7SWP63",
			"company": "GSK PLC",
			"company_url": "https://titelia.com/en/stocks/gsk-plc-GB00BN7SWP63",
			"country": "GB",
			"shares": 0,
			"value": 86084,
			"currency": "EUR",
			"weight": 0.1478,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0010908533",
			"company": "Edenred SE",
			"company_url": "https://titelia.com/en/stocks/edenred-se-FR0010908533",
			"country": "FR",
			"shares": 0,
			"value": 84906,
			"currency": "EUR",
			"weight": 0.1457,
			"as_of": "2025-12-31"
		},
		{
			"isin": "JP3200450009",
			"company": "ORIX Corp",
			"company_url": "https://titelia.com/en/stocks/orix-corp-JP3200450009",
			"country": "JP",
			"shares": 0,
			"value": 84235,
			"currency": "EUR",
			"weight": 0.1446,
			"as_of": "2025-12-31"
		},
		{
			"isin": "KYG596691041",
			"company": "Meituan",
			"company_url": "https://titelia.com/en/stocks/meituan-KYG596691041",
			"country": "HK",
			"shares": 0,
			"value": 84156,
			"currency": "EUR",
			"weight": 0.1445,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000BAY0017",
			"company": "Bayer AG",
			"company_url": "https://titelia.com/en/stocks/bayer-ag-DE000BAY0017",
			"country": "DE",
			"shares": 0,
			"value": 84013,
			"currency": "EUR",
			"weight": 0.1442,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0418792922",
			"company": "Sika AG",
			"company_url": "https://titelia.com/en/stocks/sika-ag-CH0418792922",
			"country": "CH",
			"shares": 0,
			"value": 83886,
			"currency": "EUR",
			"weight": 0.144,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US92556V1061",
			"company": "Viatris Inc",
			"company_url": "https://titelia.com/en/stocks/viatris-inc-US92556V1061",
			"country": "US",
			"shares": 0,
			"value": 81407,
			"currency": "EUR",
			"weight": 0.1397,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0132105018",
			"company": "Acerinox SA",
			"company_url": "https://titelia.com/en/stocks/acerinox-sa-ES0132105018",
			"country": "ES",
			"shares": 0,
			"value": 81277,
			"currency": "EUR",
			"weight": 0.1395,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US44891N2080",
			"company": "IAC Inc",
			"company_url": "https://titelia.com/en/stocks/iac-inc-US44891N2080",
			"country": "US",
			"shares": 0,
			"value": 79063,
			"currency": "EUR",
			"weight": 0.1357,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0000456144",
			"company": "Antofagasta PLC",
			"company_url": "https://titelia.com/en/stocks/antofagasta-plc-GB0000456144",
			"country": "GB",
			"shares": 0,
			"value": 79045,
			"currency": "EUR",
			"weight": 0.1357,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US22160N1090",
			"company": "CoStar Group Inc",
			"company_url": "https://titelia.com/en/stocks/costar-group-inc-US22160N1090",
			"country": "US",
			"shares": 0,
			"value": 78716,
			"currency": "EUR",
			"weight": 0.1351,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US31488V1070",
			"company": "Ferguson Enterprises Inc",
			"company_url": "https://titelia.com/en/stocks/ferguson-enterprises-inc-US31488V1070",
			"country": "US",
			"shares": 0,
			"value": 78662,
			"currency": "EUR",
			"weight": 0.135,
			"as_of": "2025-12-31"
		},
		{
			"isin": "JE00B4T3BW64",
			"company": "Glencore PLC",
			"company_url": "https://titelia.com/en/stocks/glencore-plc-JE00B4T3BW64",
			"country": "GB",
			"shares": 0,
			"value": 77985,
			"currency": "EUR",
			"weight": 0.1339,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US0758871091",
			"company": "Becton Dickinson & Co",
			"company_url": "https://titelia.com/en/stocks/becton-dickinson-co-US0758871091",
			"country": "US",
			"shares": 0,
			"value": 77659,
			"currency": "EUR",
			"weight": 0.1333,
			"as_of": "2025-12-31"
		},
		{
			"isin": "LU0061462528",
			"company": "RTL Group SA",
			"company_url": "https://titelia.com/en/stocks/rtl-group-sa-LU0061462528",
			"country": "DE",
			"shares": 0,
			"value": 74757,
			"currency": "EUR",
			"weight": 0.1283,
			"as_of": "2025-12-31"
		},
		{
			"isin": "JP3571400005",
			"company": "Tokyo Electron Ltd",
			"company_url": "https://titelia.com/en/stocks/tokyo-electron-ltd-JP3571400005",
			"country": "JP",
			"shares": 0,
			"value": 74684,
			"currency": "EUR",
			"weight": 0.1282,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US2044481040",
			"company": "Cia de Minas Buenaventura SAA",
			"company_url": "https://titelia.com/en/stocks/cia-de-minas-buenaventura-saa-US2044481040",
			"country": "PE",
			"shares": 0,
			"value": 74638,
			"currency": "EUR",
			"weight": 0.1281,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0007664039",
			"company": "VOLKSWAGEN AKTIENGESELLSCHAFT",
			"company_url": "https://titelia.com/en/stocks/volkswagen-aktiengesellschaft-DE0007664039",
			"country": "DE",
			"shares": 0,
			"value": 74556,
			"currency": "EUR",
			"weight": 0.128,
			"as_of": "2025-12-31"
		},
		{
			"isin": "LU1704650164",
			"company": "Befesa SA",
			"company_url": "https://titelia.com/en/stocks/befesa-sa-LU1704650164",
			"country": "DE",
			"shares": 0,
			"value": 72275,
			"currency": "EUR",
			"weight": 0.1241,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US1266501006",
			"company": "CVS Health Corp",
			"company_url": "https://titelia.com/en/stocks/cvs-health-corp-US1266501006",
			"country": "US",
			"shares": 0,
			"value": 71621,
			"currency": "EUR",
			"weight": 0.1229,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BE0974464977",
			"company": "Syensqo SA",
			"company_url": "https://titelia.com/en/stocks/syensqo-sa-BE0974464977",
			"country": "BE",
			"shares": 0,
			"value": 70617,
			"currency": "EUR",
			"weight": 0.1212,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US40412C1018",
			"company": "HCA Healthcare Inc",
			"company_url": "https://titelia.com/en/stocks/hca-healthcare-inc-US40412C1018",
			"country": "US",
			"shares": 0,
			"value": 69560,
			"currency": "EUR",
			"weight": 0.1194,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0014003TT8",
			"company": "Dassault Systemes SE",
			"company_url": "https://titelia.com/en/stocks/dassault-systemes-se-FR0014003TT8",
			"country": "FR",
			"shares": 0,
			"value": 69374,
			"currency": "EUR",
			"weight": 0.1191,
			"as_of": "2025-12-31"
		},
		{
			"isin": "AU000000NHF0",
			"company": "nib holdings Ltd/Australia",
			"company_url": "https://titelia.com/en/stocks/nib-holdings-ltd-australia-AU000000NHF0",
			"country": "AU",
			"shares": 0,
			"value": 67674,
			"currency": "EUR",
			"weight": 0.1162,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000KGX8881",
			"company": "KION Group AG",
			"company_url": "https://titelia.com/en/stocks/kion-group-ag-DE000KGX8881",
			"country": "DE",
			"shares": 0,
			"value": 67568,
			"currency": "EUR",
			"weight": 0.116,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0244767585",
			"company": "UBS Group AG",
			"company_url": "https://titelia.com/en/stocks/ubs-group-ag-CH0244767585",
			"country": "CH",
			"shares": 0,
			"value": 67532,
			"currency": "EUR",
			"weight": 0.1159,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US6516391066",
			"company": "Newmont Corp",
			"company_url": "https://titelia.com/en/stocks/newmont-corp-US6516391066",
			"country": "US",
			"shares": 0,
			"value": 66395,
			"currency": "EUR",
			"weight": 0.114,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US58155Q1031",
			"company": "McKesson Corp",
			"company_url": "https://titelia.com/en/stocks/mckesson-corp-US58155Q1031",
			"country": "US",
			"shares": 0,
			"value": 66348,
			"currency": "EUR",
			"weight": 0.1139,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NO0010096985",
			"company": "Equinor ASA",
			"company_url": "https://titelia.com/en/stocks/equinor-asa-NO0010096985",
			"country": "NO",
			"shares": 0,
			"value": 65209,
			"currency": "EUR",
			"weight": 0.1119,
			"as_of": "2025-12-31"
		},
		{
			"isin": "AT0000652011",
			"company": "Erste Group Bank AG",
			"company_url": "https://titelia.com/en/stocks/erste-group-bank-ag-AT0000652011",
			"country": "AT",
			"shares": 0,
			"value": 64827,
			"currency": "EUR",
			"weight": 0.1113,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000131906",
			"company": "Renault SA",
			"company_url": "https://titelia.com/en/stocks/renault-sa-FR0000131906",
			"country": "FR",
			"shares": 0,
			"value": 64642,
			"currency": "EUR",
			"weight": 0.111,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0013280286",
			"company": "BioMerieux",
			"company_url": "https://titelia.com/en/stocks/biomerieux-FR0013280286",
			"country": "FR",
			"shares": 0,
			"value": 64526,
			"currency": "EUR",
			"weight": 0.1108,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000130577",
			"company": "Publicis Groupe SA",
			"company_url": "https://titelia.com/en/stocks/publicis-groupe-sa-FR0000130577",
			"country": "FR",
			"shares": 0,
			"value": 64250,
			"currency": "EUR",
			"weight": 0.1103,
			"as_of": "2025-12-31"
		},
		{
			"isin": "JP3422950000",
			"company": "Seven & i Holdings Co Ltd",
			"company_url": "https://titelia.com/en/stocks/seven-i-holdings-co-ltd-JP3422950000",
			"country": "JP",
			"shares": 0,
			"value": 63666,
			"currency": "EUR",
			"weight": 0.1093,
			"as_of": "2025-12-31"
		},
		{
			"isin": "LU0088087324",
			"company": "SES SA",
			"company_url": "https://titelia.com/en/stocks/ses-sa-LU0088087324",
			"country": "LU",
			"shares": 0,
			"value": 63374,
			"currency": "EUR",
			"weight": 0.1088,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0013654783",
			"company": "Prosus NV",
			"company_url": "https://titelia.com/en/stocks/prosus-nv-NL0013654783",
			"country": "NL",
			"shares": 0,
			"value": 62997,
			"currency": "EUR",
			"weight": 0.1081,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0000076502",
			"company": "Danieli & C Officine Meccaniche SpA",
			"company_url": "https://titelia.com/en/stocks/danieli-c-officine-meccaniche-spa-IT0000076502",
			"country": "IT",
			"shares": 0,
			"value": 62491,
			"currency": "EUR",
			"weight": 0.1073,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CA76131D1033",
			"company": "Restaurant Brands International Inc",
			"company_url": "https://titelia.com/en/stocks/restaurant-brands-international-inc-CA76131D1033",
			"country": "US",
			"shares": 0,
			"value": 61867,
			"currency": "EUR",
			"weight": 0.1062,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0007074281",
			"company": "Hexpol AB",
			"company_url": "https://titelia.com/en/stocks/hexpol-ab-SE0007074281",
			"country": "SE",
			"shares": 0,
			"value": 61634,
			"currency": "EUR",
			"weight": 0.1058,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CA11271J1075",
			"company": "Brookfield Corp",
			"company_url": "https://titelia.com/en/stocks/brookfield-corp-CA11271J1075",
			"country": "CA",
			"shares": 0,
			"value": 60364,
			"currency": "EUR",
			"weight": 0.1036,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0000009165",
			"company": "Heineken NV",
			"company_url": "https://titelia.com/en/stocks/heineken-nv-NL0000009165",
			"country": "NL",
			"shares": 0,
			"value": 59976,
			"currency": "EUR",
			"weight": 0.103,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0002374006",
			"company": "Diageo PLC",
			"company_url": "https://titelia.com/en/stocks/diageo-plc-GB0002374006",
			"country": "GB",
			"shares": 0,
			"value": 59497,
			"currency": "EUR",
			"weight": 0.1021,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B02J6398",
			"company": "Admiral Group PLC",
			"company_url": "https://titelia.com/en/stocks/admiral-group-plc-GB00B02J6398",
			"country": "GB",
			"shares": 0,
			"value": 58922,
			"currency": "EUR",
			"weight": 0.1011,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0105546008",
			"company": "Linea Directa Aseguradora SA Cia de Seguros y Reaseguros",
			"company_url": "https://titelia.com/en/stocks/linea-directa-aseguradora-sa-cia-de-seguros-y-reaseguros-ES0105546008",
			"country": "ES",
			"shares": 0,
			"value": 58829,
			"currency": "EUR",
			"weight": 0.101,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0015000IY2",
			"company": "Universal Music Group NV",
			"company_url": "https://titelia.com/en/stocks/universal-music-group-nv-NL0015000IY2",
			"country": "NL",
			"shares": 0,
			"value": 57576,
			"currency": "EUR",
			"weight": 0.0988,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BMG1738J1247",
			"company": "BW Offshore Ltd",
			"company_url": "https://titelia.com/en/stocks/bw-offshore-ltd-BMG1738J1247",
			"country": "NO",
			"shares": 0,
			"value": 55850,
			"currency": "EUR",
			"weight": 0.0959,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B19NLV48",
			"company": "Experian PLC",
			"company_url": "https://titelia.com/en/stocks/experian-plc-GB00B19NLV48",
			"country": "GB",
			"shares": 0,
			"value": 55844,
			"currency": "EUR",
			"weight": 0.0959,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US26969P1084",
			"company": "Eagle Materials Inc",
			"company_url": "https://titelia.com/en/stocks/eagle-materials-inc-US26969P1084",
			"country": "US",
			"shares": 0,
			"value": 55430,
			"currency": "EUR",
			"weight": 0.0952,
			"as_of": "2025-12-31"
		},
		{
			"isin": "LU1598757687",
			"company": "ArcelorMittal SA",
			"company_url": "https://titelia.com/en/stocks/arcelormittal-sa-LU1598757687",
			"country": "LU",
			"shares": 0,
			"value": 55117,
			"currency": "EUR",
			"weight": 0.0946,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B24CGK77",
			"company": "RECKITT BENCKISER GROUP PLC",
			"company_url": "https://titelia.com/en/stocks/reckitt-benckiser-group-plc-GB00B24CGK77",
			"country": "GB",
			"shares": 0,
			"value": 54988,
			"currency": "EUR",
			"weight": 0.0944,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000130809",
			"company": "Societe Generale SA",
			"company_url": "https://titelia.com/en/stocks/societe-generale-sa-FR0000130809",
			"country": "FR",
			"shares": 0,
			"value": 54976,
			"currency": "EUR",
			"weight": 0.0944,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0022569080",
			"company": "Amdocs Ltd",
			"company_url": "https://titelia.com/en/stocks/amdocs-ltd-GB0022569080",
			"country": "GG",
			"shares": 0,
			"value": 54837,
			"currency": "EUR",
			"weight": 0.0941,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US14040H1059",
			"company": "Capital One Financial Corp",
			"company_url": "https://titelia.com/en/stocks/capital-one-financial-corp-US14040H1059",
			"country": "US",
			"shares": 0,
			"value": 54682,
			"currency": "EUR",
			"weight": 0.0939,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BYQ0JC66",
			"company": "Beazley PLC",
			"company_url": "https://titelia.com/en/stocks/beazley-plc-GB00BYQ0JC66",
			"country": "GB",
			"shares": 0,
			"value": 53929,
			"currency": "EUR",
			"weight": 0.0926,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CA8911605092",
			"company": "Toronto-Dominion Bank/The",
			"company_url": "https://titelia.com/en/stocks/toronto-dominion-bank-the-CA8911605092",
			"country": "CA",
			"shares": 0,
			"value": 53370,
			"currency": "EUR",
			"weight": 0.0916,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CNE1000001W2",
			"company": "Anhui Conch Cement Co Ltd",
			"company_url": "https://titelia.com/en/stocks/anhui-conch-cement-co-ltd-CNE1000001W2",
			"country": "CN",
			"shares": 0,
			"value": 53191,
			"currency": "EUR",
			"weight": 0.0913,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IT0003128367",
			"company": "Enel SpA",
			"company_url": "https://titelia.com/en/stocks/enel-spa-IT0003128367",
			"country": "IT",
			"shares": 0,
			"value": 53084,
			"currency": "EUR",
			"weight": 0.0911,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B4Y7R145",
			"company": "Currys PLC",
			"company_url": "https://titelia.com/en/stocks/currys-plc-GB00B4Y7R145",
			"country": "GB",
			"shares": 0,
			"value": 52754,
			"currency": "EUR",
			"weight": 0.0906,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US4523271090",
			"company": "Illumina Inc",
			"company_url": "https://titelia.com/en/stocks/illumina-inc-US4523271090",
			"country": "US",
			"shares": 0,
			"value": 52485,
			"currency": "EUR",
			"weight": 0.0901,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US90384S3031",
			"company": "Ulta Beauty Inc",
			"company_url": "https://titelia.com/en/stocks/ulta-beauty-inc-US90384S3031",
			"country": "US",
			"shares": 0,
			"value": 51511,
			"currency": "EUR",
			"weight": 0.0884,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US0846707026",
			"company": "Berkshire Hathaway Inc",
			"company_url": "https://titelia.com/en/stocks/berkshire-hathaway-inc-US0846707026",
			"country": "US",
			"shares": 0,
			"value": 51355,
			"currency": "EUR",
			"weight": 0.0882,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US7766961061",
			"company": "Roper Technologies Inc",
			"company_url": "https://titelia.com/en/stocks/roper-technologies-inc-US7766961061",
			"country": "US",
			"shares": 0,
			"value": 51163,
			"currency": "EUR",
			"weight": 0.0878,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US4612021034",
			"company": "Intuit Inc",
			"company_url": "https://titelia.com/en/stocks/intuit-inc-US4612021034",
			"country": "US",
			"shares": 0,
			"value": 50759,
			"currency": "EUR",
			"weight": 0.0871,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US17275R1023",
			"company": "Cisco Systems, Inc.",
			"company_url": "https://titelia.com/en/stocks/cisco-systems-inc-US17275R1023",
			"country": "US",
			"shares": 0,
			"value": 50499,
			"currency": "EUR",
			"weight": 0.0867,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US66980N2036",
			"company": "Nova Ljubljanska Banka dd",
			"company_url": "https://titelia.com/en/stocks/nova-ljubljanska-banka-dd-US66980N2036",
			"country": "SI",
			"shares": 0,
			"value": 49096,
			"currency": "EUR",
			"weight": 0.0843,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0105223004",
			"company": "Gestamp Automocion SA",
			"company_url": "https://titelia.com/en/stocks/gestamp-automocion-sa-ES0105223004",
			"country": "ES",
			"shares": 0,
			"value": 49067,
			"currency": "EUR",
			"weight": 0.0842,
			"as_of": "2025-12-31"
		},
		{
			"isin": "IL0010824113",
			"company": "Check Point Software Technologies Ltd",
			"company_url": "https://titelia.com/en/stocks/check-point-software-technologies-ltd-IL0010824113",
			"country": "IL",
			"shares": 0,
			"value": 48976,
			"currency": "EUR",
			"weight": 0.0841,
			"as_of": "2025-12-31"
		},
		{
			"isin": "JP3970300004",
			"company": "Recruit Holdings Co Ltd",
			"company_url": "https://titelia.com/en/stocks/recruit-holdings-co-ltd-JP3970300004",
			"country": "JP",
			"shares": 0,
			"value": 48130,
			"currency": "EUR",
			"weight": 0.0826,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US2003401070",
			"company": "COMERICA INC",
			"company_url": "https://titelia.com/en/stocks/comerica-inc-US2003401070",
			"country": "US",
			"shares": 0,
			"value": 48108,
			"currency": "EUR",
			"weight": 0.0826,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0130960018",
			"company": "Enagas SA",
			"company_url": "https://titelia.com/en/stocks/enagas-sa-ES0130960018",
			"country": "ES",
			"shares": 0,
			"value": 46814,
			"currency": "EUR",
			"weight": 0.0804,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0006993770",
			"company": "Axfood AB",
			"company_url": "https://titelia.com/en/stocks/axfood-ab-SE0006993770",
			"country": "SE",
			"shares": 0,
			"value": 46622,
			"currency": "EUR",
			"weight": 0.08,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US20030N1019",
			"company": "Comcast Corp",
			"company_url": "https://titelia.com/en/stocks/comcast-corp-US20030N1019",
			"country": "US",
			"shares": 0,
			"value": 46570,
			"currency": "EUR",
			"weight": 0.0799,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US7433151039",
			"company": "Progressive Corp/The",
			"company_url": "https://titelia.com/en/stocks/progressive-corp-the-US7433151039",
			"country": "US",
			"shares": 0,
			"value": 46531,
			"currency": "EUR",
			"weight": 0.0799,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US45780R1014",
			"company": "Installed Building Products Inc",
			"company_url": "https://titelia.com/en/stocks/installed-building-products-inc-US45780R1014",
			"country": "US",
			"shares": 0,
			"value": 46377,
			"currency": "EUR",
			"weight": 0.0796,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US0378331005",
			"company": "Apple Inc",
			"company_url": "https://titelia.com/en/stocks/apple-inc-US0378331005",
			"country": "US",
			"shares": 0,
			"value": 46292,
			"currency": "EUR",
			"weight": 0.0795,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BMG2717C1064",
			"company": "Cushman & Wakefield Ltd",
			"company_url": "https://titelia.com/en/stocks/cushman-wakefield-ltd-BMG2717C1064",
			"country": "US",
			"shares": 0,
			"value": 45074,
			"currency": "EUR",
			"weight": 0.0774,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000120271",
			"company": "TotalEnergies SE",
			"company_url": "https://titelia.com/en/stocks/totalenergies-se-FR0000120271",
			"country": "FR",
			"shares": 0,
			"value": 45028,
			"currency": "EUR",
			"weight": 0.0773,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US92826C8394",
			"company": "Visa Inc",
			"company_url": "https://titelia.com/en/stocks/visa-inc-US92826C8394",
			"country": "US",
			"shares": 0,
			"value": 44789,
			"currency": "EUR",
			"weight": 0.0769,
			"as_of": "2025-12-31"
		},
		{
			"isin": "JP3621000003",
			"company": "Toray Industries Inc",
			"company_url": "https://titelia.com/en/stocks/toray-industries-inc-JP3621000003",
			"country": "JP",
			"shares": 0,
			"value": 44393,
			"currency": "EUR",
			"weight": 0.0762,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US57636Q1040",
			"company": "Mastercard Inc",
			"company_url": "https://titelia.com/en/stocks/mastercard-inc-US57636Q1040",
			"country": "US",
			"shares": 0,
			"value": 43744,
			"currency": "EUR",
			"weight": 0.0751,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0007100581",
			"company": "Assa Abloy AB",
			"company_url": "https://titelia.com/en/stocks/assa-abloy-ab-SE0007100581",
			"country": "SE",
			"shares": 0,
			"value": 43741,
			"currency": "EUR",
			"weight": 0.0751,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US9029733048",
			"company": "US Bancorp",
			"company_url": "https://titelia.com/en/stocks/us-bancorp-US9029733048",
			"country": "US",
			"shares": 0,
			"value": 43613,
			"currency": "EUR",
			"weight": 0.0749,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US7223041028",
			"company": "PDD Holdings Inc",
			"company_url": "https://titelia.com/en/stocks/pdd-holdings-inc-US7223041028",
			"country": "KY",
			"shares": 0,
			"value": 43443,
			"currency": "EUR",
			"weight": 0.0746,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US0231351067",
			"company": "Amazon.com Inc",
			"company_url": "https://titelia.com/en/stocks/amazon-com-inc-US0231351067",
			"country": "US",
			"shares": 0,
			"value": 43234,
			"currency": "EUR",
			"weight": 0.0742,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0022427626",
			"company": "LEM Holding SA",
			"company_url": "https://titelia.com/en/stocks/lem-holding-sa-CH0022427626",
			"country": "CH",
			"shares": 0,
			"value": 42804,
			"currency": "EUR",
			"weight": 0.0735,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0173093024",
			"company": "Redeia Corp SA",
			"company_url": "https://titelia.com/en/stocks/redeia-corp-sa-ES0173093024",
			"country": "ES",
			"shares": 0,
			"value": 42779,
			"currency": "EUR",
			"weight": 0.0734,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US95082P1057",
			"company": "WESCO International Inc",
			"company_url": "https://titelia.com/en/stocks/wesco-international-inc-US95082P1057",
			"country": "US",
			"shares": 0,
			"value": 42699,
			"currency": "EUR",
			"weight": 0.0733,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US8085131055",
			"company": "Charles Schwab Corp/The",
			"company_url": "https://titelia.com/en/stocks/charles-schwab-corp-the-US8085131055",
			"country": "US",
			"shares": 0,
			"value": 42532,
			"currency": "EUR",
			"weight": 0.073,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0005785604",
			"company": "Fresenius SE & Co. KGaA",
			"company_url": "https://titelia.com/en/stocks/fresenius-se-co-kgaa-DE0005785604",
			"country": "DE",
			"shares": 0,
			"value": 42123,
			"currency": "EUR",
			"weight": 0.0723,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0000008977",
			"company": "Heineken Holding NV",
			"company_url": "https://titelia.com/en/stocks/heineken-holding-nv-NL0000008977",
			"country": "NL",
			"shares": 0,
			"value": 42120,
			"currency": "EUR",
			"weight": 0.0723,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US70450Y1038",
			"company": "PayPal Holdings Inc",
			"company_url": "https://titelia.com/en/stocks/paypal-holdings-inc-US70450Y1038",
			"country": "US",
			"shares": 0,
			"value": 41752,
			"currency": "EUR",
			"weight": 0.0717,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US0090661010",
			"company": "Airbnb Inc",
			"company_url": "https://titelia.com/en/stocks/airbnb-inc-US0090661010",
			"country": "US",
			"shares": 0,
			"value": 39865,
			"currency": "EUR",
			"weight": 0.0684,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B2B0DG97",
			"company": "RELX PLC",
			"company_url": "https://titelia.com/en/stocks/relx-plc-GB00B2B0DG97",
			"country": "GB",
			"shares": 0,
			"value": 39535,
			"currency": "EUR",
			"weight": 0.0679,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0105066007",
			"company": "Cellnex Telecom SA",
			"company_url": "https://titelia.com/en/stocks/cellnex-telecom-sa-ES0105066007",
			"country": "ES",
			"shares": 0,
			"value": 39225,
			"currency": "EUR",
			"weight": 0.0673,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US6153691059",
			"company": "Moody's Corp",
			"company_url": "https://titelia.com/en/stocks/moody-s-corp-US6153691059",
			"country": "US",
			"shares": 0,
			"value": 39144,
			"currency": "EUR",
			"weight": 0.0672,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00B0SWJX34",
			"company": "London Stock Exchange Group PLC",
			"company_url": "https://titelia.com/en/stocks/london-stock-exchange-group-plc-GB00B0SWJX34",
			"country": "GB",
			"shares": 0,
			"value": 38957,
			"currency": "EUR",
			"weight": 0.0669,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ES0178430E18",
			"company": "Telefonica SA",
			"company_url": "https://titelia.com/en/stocks/telefonica-sa-ES0178430E18",
			"country": "ES",
			"shares": 0,
			"value": 37249,
			"currency": "EUR",
			"weight": 0.0639,
			"as_of": "2025-12-31"
		},
		{
			"isin": "JP3371200001",
			"company": "Shin-Etsu Chemical Co Ltd",
			"company_url": "https://titelia.com/en/stocks/shin-etsu-chemical-co-ltd-JP3371200001",
			"country": "JP",
			"shares": 0,
			"value": 37115,
			"currency": "EUR",
			"weight": 0.0637,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US4370761029",
			"company": "Home Depot Inc/The",
			"company_url": "https://titelia.com/en/stocks/home-depot-inc-the-US4370761029",
			"country": "US",
			"shares": 0,
			"value": 36621,
			"currency": "EUR",
			"weight": 0.0629,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BH4HKS39",
			"company": "Vodafone Group PLC",
			"company_url": "https://titelia.com/en/stocks/vodafone-group-plc-GB00BH4HKS39",
			"country": "GB",
			"shares": 0,
			"value": 36564,
			"currency": "EUR",
			"weight": 0.0628,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0000009538",
			"company": "Koninklijke Philips NV",
			"company_url": "https://titelia.com/en/stocks/koninklijke-philips-nv-NL0000009538",
			"country": "NL",
			"shares": 0,
			"value": 35557,
			"currency": "EUR",
			"weight": 0.061,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US6819191064",
			"company": "Omnicom Group Inc",
			"company_url": "https://titelia.com/en/stocks/omnicom-group-inc-US6819191064",
			"country": "US",
			"shares": 0,
			"value": 35063,
			"currency": "EUR",
			"weight": 0.0602,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US5949181045",
			"company": "Microsoft Corp",
			"company_url": "https://titelia.com/en/stocks/microsoft-corp-US5949181045",
			"country": "US",
			"shares": 0,
			"value": 34999,
			"currency": "EUR",
			"weight": 0.0601,
			"as_of": "2025-12-31"
		},
		{
			"isin": "JP3910660004",
			"company": "Tokio Marine Holdings Inc",
			"company_url": "https://titelia.com/en/stocks/tokio-marine-holdings-inc-JP3910660004",
			"country": "JP",
			"shares": 0,
			"value": 34811,
			"currency": "EUR",
			"weight": 0.0598,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US12510Q1004",
			"company": "CCC Intelligent Solutions Holdings Inc",
			"company_url": "https://titelia.com/en/stocks/ccc-intelligent-solutions-holdings-inc-US12510Q1004",
			"country": "US",
			"shares": 0,
			"value": 34791,
			"currency": "EUR",
			"weight": 0.0597,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CA21037X1006",
			"company": "Constellation Software Inc/Canada",
			"company_url": "https://titelia.com/en/stocks/constellation-software-inc-canada-CA21037X1006",
			"country": "CA",
			"shares": 0,
			"value": 34733,
			"currency": "EUR",
			"weight": 0.0596,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US9078181081",
			"company": "Union Pacific Corp",
			"company_url": "https://titelia.com/en/stocks/union-pacific-corp-US9078181081",
			"country": "US",
			"shares": 0,
			"value": 34466,
			"currency": "EUR",
			"weight": 0.0592,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US9576381092",
			"company": "Western Alliance Bancorp",
			"company_url": "https://titelia.com/en/stocks/western-alliance-bancorp-US9576381092",
			"country": "US",
			"shares": 0,
			"value": 34357,
			"currency": "EUR",
			"weight": 0.059,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US58733R1023",
			"company": "MercadoLibre Inc",
			"company_url": "https://titelia.com/en/stocks/mercadolibre-inc-US58733R1023",
			"country": "US",
			"shares": 0,
			"value": 34299,
			"currency": "EUR",
			"weight": 0.0589,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US48251W1045",
			"company": "KKR & Co Inc",
			"company_url": "https://titelia.com/en/stocks/kkr-co-inc-US48251W1045",
			"country": "US",
			"shares": 0,
			"value": 34189,
			"currency": "EUR",
			"weight": 0.0587,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BMG611881274",
			"company": "Liberty Global Ltd",
			"company_url": "https://titelia.com/en/stocks/liberty-global-ltd-BMG611881274",
			"country": "BM",
			"shares": 0,
			"value": 34026,
			"currency": "EUR",
			"weight": 0.0584,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DK0062498333",
			"company": "Novo Nordisk A/S",
			"company_url": "https://titelia.com/en/stocks/novo-nordisk-a-s-DK0062498333",
			"country": "DK",
			"shares": 0,
			"value": 33534,
			"currency": "EUR",
			"weight": 0.0576,
			"as_of": "2025-12-31"
		},
		{
			"isin": "SE0007692850",
			"company": "Camurus AB",
			"company_url": "https://titelia.com/en/stocks/camurus-ab-SE0007692850",
			"country": "SE",
			"shares": 0,
			"value": 31850,
			"currency": "EUR",
			"weight": 0.0547,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ZAE000013181",
			"company": "Valterra Platinum Ltd",
			"company_url": "https://titelia.com/en/stocks/valterra-platinum-ltd-ZAE000013181",
			"country": "ZA",
			"shares": 0,
			"value": 31769,
			"currency": "EUR",
			"weight": 0.0545,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US30231G1022",
			"company": "Exxon Mobil Corp",
			"company_url": "https://titelia.com/en/stocks/exxon-mobil-corp-US30231G1022",
			"country": "US",
			"shares": 0,
			"value": 31762,
			"currency": "EUR",
			"weight": 0.0545,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US3377381088",
			"company": "Fiserv Inc",
			"company_url": "https://titelia.com/en/stocks/fiserv-inc-US3377381088",
			"country": "US",
			"shares": 0,
			"value": 30310,
			"currency": "EUR",
			"weight": 0.052,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US2298991090",
			"company": "Cullen/Frost Bankers Inc",
			"company_url": "https://titelia.com/en/stocks/cullen-frost-bankers-inc-US2298991090",
			"country": "US",
			"shares": 0,
			"value": 30188,
			"currency": "EUR",
			"weight": 0.0518,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US95040Q1040",
			"company": "Welltower Inc",
			"company_url": "https://titelia.com/en/stocks/welltower-inc-US95040Q1040",
			"country": "US",
			"shares": 0,
			"value": 30025,
			"currency": "EUR",
			"weight": 0.0515,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US8163001071",
			"company": "Selective Insurance Group Inc",
			"company_url": "https://titelia.com/en/stocks/selective-insurance-group-inc-US8163001071",
			"country": "US",
			"shares": 0,
			"value": 29207,
			"currency": "EUR",
			"weight": 0.0501,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US1638511089",
			"company": "Chemours Co/The",
			"company_url": "https://titelia.com/en/stocks/chemours-co-the-US1638511089",
			"country": "US",
			"shares": 0,
			"value": 29110,
			"currency": "EUR",
			"weight": 0.05,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US4448591028",
			"company": "Humana Inc",
			"company_url": "https://titelia.com/en/stocks/humana-inc-US4448591028",
			"country": "US",
			"shares": 0,
			"value": 27259,
			"currency": "EUR",
			"weight": 0.0468,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US30225T1025",
			"company": "Extra Space Storage Inc",
			"company_url": "https://titelia.com/en/stocks/extra-space-storage-inc-US30225T1025",
			"country": "US",
			"shares": 0,
			"value": 25943,
			"currency": "EUR",
			"weight": 0.0445,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US62914V1061",
			"company": "NIO Inc",
			"company_url": "https://titelia.com/en/stocks/nio-inc-US62914V1061",
			"country": "KY",
			"shares": 0,
			"value": 25662,
			"currency": "EUR",
			"weight": 0.0441,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US4128221086",
			"company": "Harley-Davidson Inc",
			"company_url": "https://titelia.com/en/stocks/harley-davidson-inc-US4128221086",
			"country": "US",
			"shares": 0,
			"value": 25296,
			"currency": "EUR",
			"weight": 0.0434,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000EVNK013",
			"company": "Evonik Industries AG",
			"company_url": "https://titelia.com/en/stocks/evonik-industries-ag-DE000EVNK013",
			"country": "DE",
			"shares": 0,
			"value": 24582,
			"currency": "EUR",
			"weight": 0.0422,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000A161408",
			"company": "HelloFresh SE",
			"company_url": "https://titelia.com/en/stocks/hellofresh-se-DE000A161408",
			"country": "DE",
			"shares": 0,
			"value": 24078,
			"currency": "EUR",
			"weight": 0.0413,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000A1ML7J1",
			"company": "Vonovia SE",
			"company_url": "https://titelia.com/en/stocks/vonovia-se-DE000A1ML7J1",
			"country": "DE",
			"shares": 0,
			"value": 22822,
			"currency": "EUR",
			"weight": 0.0392,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0000121485",
			"company": "Kering SA",
			"company_url": "https://titelia.com/en/stocks/kering-sa-FR0000121485",
			"country": "FR",
			"shares": 0,
			"value": 22575,
			"currency": "EUR",
			"weight": 0.0388,
			"as_of": "2025-12-31"
		},
		{
			"isin": "JE00BJJN4441",
			"company": "Clarivate PLC",
			"company_url": "https://titelia.com/en/stocks/clarivate-plc-JE00BJJN4441",
			"country": "JE",
			"shares": 0,
			"value": 21896,
			"currency": "EUR",
			"weight": 0.0376,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NZRYME0001S4",
			"company": "Ryman Healthcare Ltd",
			"company_url": "https://titelia.com/en/stocks/ryman-healthcare-ltd-NZRYME0001S4",
			"country": "NZ",
			"shares": 0,
			"value": 21363,
			"currency": "EUR",
			"weight": 0.0367,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US14174T1079",
			"company": "CareTrust REIT Inc",
			"company_url": "https://titelia.com/en/stocks/caretrust-reit-inc-US14174T1079",
			"country": "US",
			"shares": 0,
			"value": 19396,
			"currency": "EUR",
			"weight": 0.0333,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CA0966311064",
			"company": "Boardwalk Real Estate Investment Trust",
			"company_url": "https://titelia.com/en/stocks/boardwalk-real-estate-investment-trust-CA0966311064",
			"country": "CA",
			"shares": 0,
			"value": 18402,
			"currency": "EUR",
			"weight": 0.0316,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US92276F1003",
			"company": "Ventas Inc",
			"company_url": "https://titelia.com/en/stocks/ventas-inc-US92276F1003",
			"country": "US",
			"shares": 0,
			"value": 17129,
			"currency": "EUR",
			"weight": 0.0294,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US60770K1079",
			"company": "Moderna Inc",
			"company_url": "https://titelia.com/en/stocks/moderna-inc-US60770K1079",
			"country": "US",
			"shares": 0,
			"value": 16320,
			"currency": "EUR",
			"weight": 0.028,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH0012255151",
			"company": "Swatch Group AG/The",
			"company_url": "https://titelia.com/en/stocks/swatch-group-ag-the-CH0012255151",
			"country": "CH",
			"shares": 0,
			"value": 16275,
			"currency": "EUR",
			"weight": 0.0279,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BE0974313455",
			"company": "Econocom Group SA/NV",
			"company_url": "https://titelia.com/en/stocks/econocom-group-sa-nv-BE0974313455",
			"country": "BE",
			"shares": 0,
			"value": 15162,
			"currency": "EUR",
			"weight": 0.026,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US6819361006",
			"company": "Omega Healthcare Investors Inc",
			"company_url": "https://titelia.com/en/stocks/omega-healthcare-investors-inc-US6819361006",
			"country": "US",
			"shares": 0,
			"value": 15100,
			"currency": "EUR",
			"weight": 0.0259,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US42226K1051",
			"company": "Healthcare Realty Trust Inc",
			"company_url": "https://titelia.com/en/stocks/healthcare-realty-trust-inc-US42226K1051",
			"country": "US",
			"shares": 0,
			"value": 14431,
			"currency": "EUR",
			"weight": 0.0248,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US63633D1046",
			"company": "National Health Investors Inc",
			"company_url": "https://titelia.com/en/stocks/national-health-investors-inc-US63633D1046",
			"country": "US",
			"shares": 0,
			"value": 14305,
			"currency": "EUR",
			"weight": 0.0246,
			"as_of": "2025-12-31"
		},
		{
			"isin": "CH1425684714",
			"company": "Aryzta AG",
			"company_url": "https://titelia.com/en/stocks/aryzta-ag-CH1425684714",
			"country": "CH",
			"shares": 0,
			"value": 13907,
			"currency": "EUR",
			"weight": 0.0239,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US78573L1061",
			"company": "Sabra Health Care REIT Inc",
			"company_url": "https://titelia.com/en/stocks/sabra-health-care-reit-inc-US78573L1061",
			"country": "US",
			"shares": 0,
			"value": 13384,
			"currency": "EUR",
			"weight": 0.023,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US42250P1030",
			"company": "Healthpeak Properties Inc",
			"company_url": "https://titelia.com/en/stocks/healthpeak-properties-inc-US42250P1030",
			"country": "US",
			"shares": 0,
			"value": 13307,
			"currency": "EUR",
			"weight": 0.0228,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US1331311027",
			"company": "Camden Property Trust",
			"company_url": "https://titelia.com/en/stocks/camden-property-trust-US1331311027",
			"country": "US",
			"shares": 0,
			"value": 11247,
			"currency": "EUR",
			"weight": 0.0193,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US2971781057",
			"company": "Essex Property Trust Inc",
			"company_url": "https://titelia.com/en/stocks/essex-property-trust-inc-US2971781057",
			"country": "US",
			"shares": 0,
			"value": 11140,
			"currency": "EUR",
			"weight": 0.0191,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US74460D1090",
			"company": "Public Storage",
			"company_url": "https://titelia.com/en/stocks/public-storage-US74460D1090",
			"country": "US",
			"shares": 0,
			"value": 11047,
			"currency": "EUR",
			"weight": 0.019,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE000DTR0CK8",
			"company": "Daimler Truck Holding AG",
			"company_url": "https://titelia.com/en/stocks/daimler-truck-holding-ag-DE000DTR0CK8",
			"country": "DE",
			"shares": 0,
			"value": 11009,
			"currency": "EUR",
			"weight": 0.0189,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US5021751020",
			"company": "LTC Properties Inc",
			"company_url": "https://titelia.com/en/stocks/ltc-properties-inc-US5021751020",
			"country": "US",
			"shares": 0,
			"value": 10830,
			"currency": "EUR",
			"weight": 0.0186,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US0534841012",
			"company": "AvalonBay Communities, Inc.",
			"company_url": "https://titelia.com/en/stocks/avalonbay-communities-inc-US0534841012",
			"country": "US",
			"shares": 0,
			"value": 10806,
			"currency": "EUR",
			"weight": 0.0185,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US02665T3068",
			"company": "American Homes 4 Rent",
			"company_url": "https://titelia.com/en/stocks/american-homes-4-rent-US02665T3068",
			"country": "US",
			"shares": 0,
			"value": 10659,
			"currency": "EUR",
			"weight": 0.0183,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US59522J1034",
			"company": "Mid-America Apartment Communities, Inc.",
			"company_url": "https://titelia.com/en/stocks/mid-america-apartment-communities-inc-US59522J1034",
			"country": "US",
			"shares": 0,
			"value": 10644,
			"currency": "EUR",
			"weight": 0.0183,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US2296631094",
			"company": "CubeSmart",
			"company_url": "https://titelia.com/en/stocks/cubesmart-US2296631094",
			"country": "US",
			"shares": 0,
			"value": 10436,
			"currency": "EUR",
			"weight": 0.0179,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US29472R1086",
			"company": "Equity LifeStyle Properties Inc",
			"company_url": "https://titelia.com/en/stocks/equity-lifestyle-properties-inc-US29472R1086",
			"country": "US",
			"shares": 0,
			"value": 10321,
			"currency": "EUR",
			"weight": 0.0177,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US29476L1070",
			"company": "Equity Residential",
			"company_url": "https://titelia.com/en/stocks/equity-residential-US29476L1070",
			"country": "US",
			"shares": 0,
			"value": 10198,
			"currency": "EUR",
			"weight": 0.0175,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB0001500809",
			"company": "Tullow Oil PLC",
			"company_url": "https://titelia.com/en/stocks/tullow-oil-plc-GB0001500809",
			"country": "GB",
			"shares": 0,
			"value": 9983,
			"currency": "EUR",
			"weight": 0.0171,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US9026531049",
			"company": "UDR Inc",
			"company_url": "https://titelia.com/en/stocks/udr-inc-US9026531049",
			"country": "US",
			"shares": 0,
			"value": 9681,
			"currency": "EUR",
			"weight": 0.0166,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US8666741041",
			"company": "Sun Communities Inc",
			"company_url": "https://titelia.com/en/stocks/sun-communities-inc-US8666741041",
			"country": "US",
			"shares": 0,
			"value": 9495,
			"currency": "EUR",
			"weight": 0.0163,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US46187W1071",
			"company": "Invitation Homes Inc",
			"company_url": "https://titelia.com/en/stocks/invitation-homes-inc-US46187W1071",
			"country": "US",
			"shares": 0,
			"value": 9464,
			"currency": "EUR",
			"weight": 0.0162,
			"as_of": "2025-12-31"
		},
		{
			"isin": "JE00B6T5S470",
			"company": "Solidcore Resources PLC",
			"company_url": "https://titelia.com/en/stocks/solidcore-resources-plc-JE00B6T5S470",
			"country": "KZ",
			"shares": 0,
			"value": 8421,
			"currency": "EUR",
			"weight": 0.0145,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US00183L2016",
			"company": "Angi Inc",
			"company_url": "https://titelia.com/en/stocks/angi-inc-US00183L2016",
			"country": "US",
			"shares": 0,
			"value": 8411,
			"currency": "EUR",
			"weight": 0.0144,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US6378701063",
			"company": "National Storage Affiliates Trust",
			"company_url": "https://titelia.com/en/stocks/national-storage-affiliates-trust-US6378701063",
			"country": "US",
			"shares": 0,
			"value": 7686,
			"currency": "EUR",
			"weight": 0.0132,
			"as_of": "2025-12-31"
		},
		{
			"isin": "AT0000A3EPA4",
			"company": "ams-OSRAM AG",
			"company_url": "https://titelia.com/en/stocks/ams-osram-ag-AT0000A3EPA4",
			"country": "CH",
			"shares": 0,
			"value": 7450,
			"currency": "EUR",
			"weight": 0.0128,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US65341D1028",
			"company": "NexPoint Residential Trust Inc",
			"company_url": "https://titelia.com/en/stocks/nexpoint-residential-trust-inc-US65341D1028",
			"country": "US",
			"shares": 0,
			"value": 7176,
			"currency": "EUR",
			"weight": 0.0123,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US3825501014",
			"company": "Goodyear Tire & Rubber Co/The",
			"company_url": "https://titelia.com/en/stocks/goodyear-tire-rubber-co-the-US3825501014",
			"country": "US",
			"shares": 0,
			"value": 7085,
			"currency": "EUR",
			"weight": 0.0122,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FI4000312251",
			"company": "Lumo Kodit Oyj",
			"company_url": "https://titelia.com/en/stocks/lumo-kodit-oyj-FI4000312251",
			"country": "FI",
			"shares": 0,
			"value": 6547,
			"currency": "EUR",
			"weight": 0.0112,
			"as_of": "2025-12-31"
		},
		{
			"isin": "DE0008303504",
			"company": "TAG Immobilien AG",
			"company_url": "https://titelia.com/en/stocks/tag-immobilien-ag-DE0008303504",
			"country": "DE",
			"shares": 0,
			"value": 6218,
			"currency": "EUR",
			"weight": 0.0107,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US3847471014",
			"company": "GRAIL Inc",
			"company_url": "https://titelia.com/en/stocks/grail-inc-US3847471014",
			"country": "US",
			"shares": 0,
			"value": 5684,
			"currency": "EUR",
			"weight": 0.0098,
			"as_of": "2025-12-31"
		},
		{
			"isin": "NL0010558797",
			"company": "OCI NV",
			"company_url": "https://titelia.com/en/stocks/oci-nv-NL0010558797",
			"country": "NL",
			"shares": 0,
			"value": 5539,
			"currency": "EUR",
			"weight": 0.0095,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BKFB1C65",
			"company": "M&G PLC",
			"company_url": "https://titelia.com/en/stocks/m-g-plc-GB00BKFB1C65",
			"country": "GB",
			"shares": 0,
			"value": 4920,
			"currency": "EUR",
			"weight": 0.0084,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US20369C1062",
			"company": "Community Healthcare Trust Inc",
			"company_url": "https://titelia.com/en/stocks/community-healthcare-trust-inc-US20369C1062",
			"country": "US",
			"shares": 0,
			"value": 4194,
			"currency": "EUR",
			"weight": 0.0072,
			"as_of": "2025-12-31"
		},
		{
			"isin": "FR0004050250",
			"company": "Neurones",
			"company_url": "https://titelia.com/en/stocks/neurones-FR0004050250",
			"country": "FR",
			"shares": 0,
			"value": 3401,
			"currency": "EUR",
			"weight": 0.0058,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US58463J3041",
			"company": "Medical Properties Trust Inc",
			"company_url": "https://titelia.com/en/stocks/medical-properties-trust-inc-US58463J3041",
			"country": "US",
			"shares": 0,
			"value": 2895,
			"currency": "EUR",
			"weight": 0.005,
			"as_of": "2025-12-31"
		},
		{
			"isin": "KYG8208B1014",
			"company": "JD.com Inc",
			"company_url": "https://titelia.com/en/stocks/jd-com-inc-KYG8208B1014",
			"country": "HK",
			"shares": 0,
			"value": 1576,
			"currency": "EUR",
			"weight": 0.0027,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US1651677353",
			"company": "Expand Energy Corp",
			"company_url": "https://titelia.com/en/stocks/expand-energy-corp-US1651677353",
			"country": "US",
			"shares": 0,
			"value": 1221,
			"currency": "EUR",
			"weight": 0.0021,
			"as_of": "2025-12-31"
		},
		{
			"isin": "GB00BQVVS097",
			"company": "NOSTRUM OIL & GAS PLC",
			"company_url": "https://titelia.com/en/stocks/nostrum-oil-gas-plc-GB00BQVVS097",
			"country": "GB",
			"shares": 0,
			"value": 1140,
			"currency": "EUR",
			"weight": 0.002,
			"as_of": "2025-12-31"
		},
		{
			"isin": "ZAE000296554",
			"company": "Thungela Resources Ltd",
			"company_url": "https://titelia.com/en/stocks/thungela-resources-ltd-ZAE000296554",
			"country": "ZA",
			"shares": 0,
			"value": 886,
			"currency": "EUR",
			"weight": 0.0015,
			"as_of": "2025-12-31"
		},
		{
			"isin": "US1651671802",
			"company": "CHESAPEAKE ENERGY CORP",
			"company_url": "https://titelia.com/en/stocks/chesapeake-energy-corp-US1651671802",
			"country": "US",
			"shares": 0,
			"value": 764,
			"currency": "EUR",
			"weight": 0.0013,
			"as_of": "2025-12-31"
		},
		{
			"isin": "BMG9551V1081",
			"company": "Vantage Drilling International",
			"company_url": "https://titelia.com/en/stocks/vantage-drilling-international-BMG9551V1081",
			"country": "KY",
			"shares": 0,
			"value": 541,
			"currency": "EUR",
			"weight": 0.0009,
			"as_of": "2025-12-31"
		}
	],
	"source": "Public filings of the fund regulators, republished by titelia",
	"served_by": {
		"name": "titelia",
		"url": "https://titelia.com/en/api"
	},
	"terms": "https://titelia.com/en/mentions",
	"documentation": "https://titelia.com/en/api"
}
