Titelia

Holdings of 1948 INVERSIONS, SICAV S.A.

SANTANDER ASSET MANAGEMENT, S.A., SGIIC ·75 declared positions · as of Dec 31, 2025

Original filing · Net assets 129.9M € · Ten largest lines: 49.6 % of the equity sleeve

Sector breakdown

  • Technology 27.5 %
  • Consumer discretionary 16.5 %
  • Communication 14.4 %
  • Financials 14.0 %
  • Industrials 8.4 %
  • Consumer staples 4.0 %
  • Health care 3.9 %
  • Utilities 1.6 %
  • Materials 1.0 %
  • Real estate 0.5 %
  • Unattributed 8.1 %

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

  • US 59.2 %
  • ES 12.3 %
  • JP 9.8 %
  • FR 6.6 %
  • TW 3.2 %
  • NL 2.4 %
  • GB 2.3 %
  • DE 1.7 %
  • CH 1.2 %
  • IT 0.9 %
  • SE 0.4 %
  • HK 0.2 %

Shares computed on the equity sleeve.

CountryLinesValueShare
US3276M €59.19 %
ES915.7M €12.25 %
JP1112.5M €9.75 %
FR88.5M €6.59 %
TW14.1M €3.20 %
NL23M €2.37 %
GB33M €2.34 %
DE32.1M €1.66 %
CH31.5M €1.19 %
IT11.1M €0.88 %
SE1529.5K €0.41 %
HK1219.8K €0.17 %

Positions

CompanySharesValueWeight
NVIDIA Corp 12.5M €9.61 %
Berkshire Hathaway Inc 9.6M €7.36 %
Alphabet Inc 8.5M €6.56 %
Microsoft Corp 7.1M €5.50 %
Amazon.com Inc 6.5M €4.99 %
Meta Platforms Inc 6.3M €4.84 %
Taiwan Semiconductor Manufacturing Co Ltd 4.1M €3.16 %
Industria de Diseno Textil SA 3M €2.34 %
Hitachi Ltd 3M €2.31 %
Sony Group Corp 2.9M €2.26 %
Fast Retailing Co Ltd 2.9M €2.22 %
Safran SA 2.4M €1.82 %
ASML Holding NV 2.3M €1.77 %
Walmart Inc 2.2M €1.71 %
Iberdrola SA 2.1M €1.61 %
Banco Bilbao Vizcaya Argentaria SA 2M €1.55 %
Repsol SA 2M €1.55 %
CaixaBank SA 1.8M €1.39 %
International Consolidated Airlines Group SA 1.7M €1.32 %
Hilton Worldwide Holdings Inc 1.6M €1.23 %
Intuitive Surgical Inc 1.6M €1.22 %
Advanced Micro Devices Inc 1.5M €1.19 %
Banco Santander SA 1.5M €1.12 %
McDonald's Corp. 1.4M €1.09 %
LVMH Moet Hennessy Louis Vuitton SE 1.4M €1.09 %
Banco de Sabadell SA 1.4M €1.06 %
Home Depot Inc/The 1.4M €1.05 %
Air Liquide SA 1.3M €0.99 %
L'Oreal SA 1.3M €0.97 %
Coca-Cola Co/The 1.2M €0.96 %
Starbucks Corp 1.2M €0.92 %
Broadcom Inc 1.2M €0.92 %
Leonardo SpA 1.1M €0.87 %
Johnson & Johnson 1.1M €0.84 %
Indra Sistemas SA 1.1M €0.81 %
Novartis AG 1.1M €0.81 %
General Electric Co 1M €0.81 %
Micron Technology Inc 986.6K €0.76 %
Apple Inc 960.6K €0.74 %
Vinci SA 936.4K €0.72 %
Palantir Technologies Inc 926.2K €0.71 %
Mastercard Inc 899.2K €0.69 %
Rolls-Royce Holdings PLC 878.3K €0.68 %
Merlin Properties Socimi SA 844K €0.65 %
Rheinmetall AG 807K €0.62 %
Toyota Motor Corp. 802.9K €0.62 %
Visa Inc 783.8K €0.60 %
Allianz SE 742K €0.57 %
Prosus NV 737.2K €0.57 %
Tokyo Electron Ltd 720.3K €0.55 %
Advantest Corp 718.5K €0.55 %
RTX Corp 710.8K €0.55 %
Tesla Inc 698K €0.54 %
Crowdstrike Holdings Inc 693.6K €0.53 %
Prologis Inc 684.7K €0.53 %
JPMorgan Chase & Co 649.4K €0.50 %
Boeing Co/The 614.6K €0.47 %
EssilorLuxottica SA 588.9K €0.45 %
SAP SE 578.2K €0.45 %
Saab AB 529.5K €0.41 %
Honda Motor Co Ltd 494.2K €0.38 %
Oracle Corp 485.6K €0.37 %
Salesforce Inc 451.1K €0.35 %
Mitsui Fudosan Co Ltd 450.2K €0.35 %
Danone SA 441.5K €0.34 %
BAE Systems PLC 403.7K €0.31 %
Roche Holding AG 361.7K €0.28 %
Abbott Laboratories 349.7K €0.27 %
Tokyo Tatemono Co Ltd 314.3K €0.24 %
BYD Co Ltd 219.8K €0.17 %
Thales SA 160.9K €0.12 %
Sony Financial Group Inc 121K €0.09 %
Sandoz Group AG 110.9K €0.09 %
YAMABIKO Corp 82.4K €0.06 %
Hilton Grand Vacations Inc 53.7K €0.04 %