Exploring Bestinfond (Trades, Portfolio)'s Q2 2025 Investment Moves

Warning! GuruFocus has detected 7 Warning Sign with XAMS:PHIA.

Bestinfond (Trades, Portfolio) recently submitted its report for the second quarter of 2025, shedding light on its strategic investment decisions during this period. Bestinfond (Trades, Portfolio), previously managed by Francisco Garcia Parames (Trades, Portfolio) until September 2014, is renowned for its disciplined investment approach. Parames, an MBA graduate from IESE in 1989, joined Bestinver and quickly rose to prominence by managing Spanish equity funds with an impressive annual yield of 17.9% from January 1993 to June 2009. This performance significantly outpaced the IGBM index. Bestinfond (Trades, Portfolio) focuses on global equities, primarily in Europe, selecting businesses with sustainable competitive advantages and strong management. The team patiently waits for market opportunities to acquire stakes at prices below intrinsic value.Heidelberg Materials AG: Bestinfond's Strategic Exit with a -3.3% Portfolio Impact

Summary of New Buy

Bestinfond (Trades, Portfolio) added a total of 10 stocks, among them:

The most significant addition was Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), with 179,553 shares, accounting for 2.95% of the portfolio and a total value of $34.97 million. The second largest addition to the portfolio was Lloyds Banking Group PLC (LSE:LLOY), consisting of 36,147,215 shares, representing approximately 2.7% of the portfolio, with a total value of 32,027,000. The third largest addition was Nordea Bank Abp (OHEL:NDA FI), with 2,436,320 shares, accounting for 2.59% of the portfolio and a total value of 30,722,000.

Key Position Increases

Bestinfond (Trades, Portfolio) also increased stakes in a total of 14 stocks, among them:

The most notable increase was Compagnie de Saint-Gobain SA (XPAR:SGO), with an additional 177,424 shares, bringing the total to 336,210 shares. This adjustment represents a significant 111.74% increase in share count, a 1.49% impact on the current portfolio, with a total value of 33,500,000. The second largest increase was Lundin Mining Corp (TSX:LUN), with an additional 1,483,723 shares, bringing the total to 3,432,554. This adjustment represents a significant 76.13% increase in share count, with a total value of C$30,673,000.

Summary of Sold Out

Bestinfond (Trades, Portfolio) completely exited 6 holdings in the second quarter of 2025, as detailed below:

Heidelberg Materials AG (XTER:HEI): Bestinfond (Trades, Portfolio) sold all 303,722 shares, resulting in a -3.3% impact on the portfolio. Bank of America Corp (NYSE:BAC): Bestinfond (Trades, Portfolio) liquidated all 543,678 shares, causing a -2.12% impact on the portfolio.

Story Continues

Key Position Reduces

Bestinfond (Trades, Portfolio) also reduced positions in 25 stocks. The most significant changes include:

Reduced Berkshire Hathaway Inc (NYSE:BRK.B) by 35,106 shares, resulting in a -38.46% decrease in shares and a -1.41% impact on the portfolio. The stock traded at an average price of $508.26 during the quarter and has returned -8.42% over the past 3 months and 3.90% year-to-date. Reduced Rolls-Royce Holdings PLC (LSE:RR.) by 2,015,222 shares, resulting in a -44.63% reduction in shares and a -1.25% impact on the portfolio. The stock traded at an average price of 8.07 during the quarter and has returned 37.25% over the past 3 months and 92.68% year-to-date.

Portfolio Overview

At the second quarter of 2025, Bestinfond (Trades, Portfolio)'s portfolio included 51 stocks. The top holdings included 4.06% in Koninklijke Philips NV (XAMS:PHIA), 4% in Meta Platforms Inc (NASDAQ:META), 3.37% in Heineken NV (XAMS:HEIA), 3.34% in Elevance Health Inc (NYSE:ELV), and 3.18% in Grifols SA (XMAD:GRF).Heidelberg Materials AG: Bestinfond's Strategic Exit with a -3.3% Portfolio Impact

The holdings are mainly concentrated in 10 of the 11 industries: Industrials, Healthcare, Consumer Cyclical, Financial Services, Basic Materials, Consumer Defensive, Technology, Communication Services, Energy, and Real Estate.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.

View Comments