Titelia

Holdings of AZVALOR INTERNACIONAL, FI

AZVALOR ASSET MANAGEMENT, SGIIC, S.A. · Original filing · Compare with another fund · Report an error

Net assets
2.5B € including 1.4B € in equities, 56.2 %
Positions
62 in 18 countries
Top ten
40.1 % of net assets
Filed on
Dec 31, 2025
Portfolio shape

Positions

RankCompanySharesValueWeight
1SLB Ltd 147.2M €5.92 %
2Glencore PLC 122.9M €4.94 %
3Noble Corp PLC 122M €4.91 %
4PrairieSky Royalty Ltd 116.6M €4.69 %
5Canadian Natural Resources Ltd 94.4M €3.80 %
6Whitehaven Coal Ltd 91.2M €3.67 %
7NOV Inc 86.8M €3.49 %
8Transocean Ltd 85.2M €3.43 %
9Borr Drilling Ltd. 79.8M €3.21 %
10Ashmore Group PLC 49.6M €2.00 %
11Vale SA 48.6M €1.96 %
12Valaris Ltd 46M €1.85 %
13J D Wetherspoon PLC 36.3M €1.46 %
14Tidewater Inc 28.5M €1.15 %
15Aker BP ASA 26M €1.05 %
16Prosegur Cash SA 20M €0.80 %
17Imperial Brands PLC 17.3M €0.70 %
18Suzano SA 15.5M €0.62 %
19Foxtons Group PLC 14.8M €0.59 %
20Miquel y Costas & Miquel SA 14.5M €0.58 %
21Tenaris SA 13.1M €0.53 %
22Tullow Oil PLC 11.2M €0.45 %
23Randstad NV 11.2M €0.45 %
24Axia Energia SA 11M €0.44 %
25SIG PLC 10.5M €0.42 %
26Melia Hotels International SA 10.4M €0.42 %
27CATALANA OCCIDENTE 9.5M €0.38 %
28Suzano SA 8.8M €0.36 %
29Axia Energia 6.5M €0.26 %
30SONAE CAPITAL 6.1M €0.25 %
31Epsilon Energy Ltd 5.8M €0.24 %
32Grifols SA 5M €0.20 %
33Petra Diamonds Ltd. 4.1M €0.16 %
34Aimia Inc 3.6M €0.14 %
35Eurocash SA 3.4M €0.14 %
36Grifols SA 3.2M €0.13 %
37AXIA ENERGIA 2.8M €0.11 %
38Grifols SA 2.5M €0.10 %
39British American Tobacco PLC 1.3M €0.05 %
40Panoro Energy ASA 1.2M €0.05 %
41Energean PLC 1.1M €0.04 %
42Mercedes-Benz Group AG 492.6K €0.02 %
43LSL Property Services PLC 483.9K €0.02 %
44Colonial SFL Socimi SA 232.6K €0.01 %
45Prosegur Cia de Seguridad SA 34.6K €0.00 %
46Cie Financiere Richemont SA 18.5K €0.00 %
47Newmont Corp 8.5K €0.00 %
48Otis Worldwide Corp 7.4K €0.00 %
49Kone Oyj 6.1K €0.00 %
50Anheuser-Busch InBev SA/NV 5.5K €0.00 %
51Bayerische Motoren Werke AG 931 €
52Bayerische Motoren Werke Aktiengesellschaft 915 €
53Petrofac Ltd 539 €
54Pan American Silver Corp 441 €
55Fresnillo PLC 382 €
56Barrick Mining Corp 371 €
57Bayer AG 370 €
58Anglo American PLC 354 €
59Vallourec SACA 157 €
60Howden Joinery Group PLC 95 €
61Allfunds Group Plc 80 €
62Geopark Ltd 63 €

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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

  • United Kingdom 27.7 %
  • United States 25.3 %
  • Canada 15.4 %
  • Bermuda 9.3 %
  • Brazil 6.7 %
  • Australia 6.5 %
  • Spain 4.7 %
  • Norway 1.9 %
  • Luxembourg 0.9 %
  • Netherlands 0.8 %
  • Portugal 0.4 %
  • Poland 0.2 %

Shares computed on the equity sleeve.

RankCountryLinesValueShare
1United Kingdom14387.4M €27.73 %
2United States8353.7M €25.32 %
3Canada5214.6M €15.36 %
4Bermuda3129.9M €9.30 %
5Brazil693.1M €6.67 %
6Australia191.2M €6.53 %
7Spain965.4M €4.68 %
8Norway227.2M €1.95 %
9Luxembourg113.1M €0.94 %
10Netherlands211.2M €0.80 %
11Portugal16.1M €0.44 %
12Poland13.4M €0.24 %
Cite this page

Titelia. "Holdings of AZVALOR INTERNACIONAL, FI". https://titelia.com/en/funds/ESFI4918-0