Value in 'valor'
“Value” represents strength and courage, persistence and perseverance. It reflects our way of being, and also that of our clients.
Invest8th Annual Investor Conference
Video of the full conference already available on our YouTube channel, "Azvalor You"
WATCH CONFERENCEQuarterly letter 4Q2022
"Our funds have fulfilled their objective of being a “safe haven” to protect the savings of our co-investors in the midst of the storm, thanks to our obsessive focus on buying quality at a cheap price."
Read letterValue investing: rewarding confidence (Expansion)
Although we have always told our clients that patience is the key to profitability, this advice must be tempered. [...] Perhaps profitability has less to do with patience than it does with confidence". Fernando Bernad and Álvaro Guzmán de Lázaro's article published in Expansión (Sept 4, 2021).
Read full article
Co| investors
With experience, professionalism and total dedication, we invest our clients’ savings as well as our own, in quality companies led by honest and capable business people, enabling us to increase our purchasing power over time.
Another key part of our mission is the desire, through our work, to give back to society what we have so generously been given.
Investment Philosophy
We devote all our time and energy to finding and analysing high-quality companies. We invest in good businesses that offer sustainable competitive advantages over time, high Returns on Capital Employed (ROCE), are led by a strong management team that oversees its shareholders’ interests and whose intrinsic value is not reflected in their share price.
We seek to make the most of short-term inefficiencies between price and value, aiming to maximise the return on our investment in the long term, minimising permanent losses to the greatest possible extent.
When we invest, we do so rationally, without letting emotion lead the way. We always apply the “Value Investing” philosophy, whereby time works in our favour and patience is a key factor.

Patience means more than the ability to wait.
It means knowing what to do while you wait. A well-managed investment is a marathon, not a sprint. Driven by conviction and perseverance. With the stamina to perform over the long term. With level heads that mark us out from the rest, our value investing approach refuses to deviate when faced with the ups and downs that are inevitable on the path to profit. The reward lies in knowing and demonstrating that the results of an investment are gathered in time.
Our funds.
Azvalor Internacional FI
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Azvalor Iberia FI
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Azvalor Blue Chips FI
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Azvalor Managers FI
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Azvalor Capital FI
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Azvalor International Luxembourg R
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Azvalor International Luxembourg I
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Azvalor Value Selection SICAV
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Azvalor Blue Chips Lux I
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Azvalor Managers Lux I
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Azvalor Blue Chips Lux R
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Our funds.
Azvalor
Internacional FI
A specialized fund made up of global companies with good, understandable and well-managed businesses.
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Azvalor
Iberia FI
A specialized fund made up of Spanish and Portuguese companies whose businesses have an international vocation.
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Azvalor
Blue Chips FI
It is a manager- driven fund strongly linked to the high conviction approach of its managers which mainly invests in large-caps with good, understandable and well managed businesses.
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Azvalor
Managers FI
Best of breed managers under one single fund.
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Azvalor
Capital FI
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Azvalor
International Luxembourg R
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Azvalor
International Luxembourg I
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Azvalor
Value Selection SICAV
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Azvalor
Blue Chips Lux I
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Azvalor
Managers Lux I
Best of breed managers under one single fund.
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Azvalor
Blue Chips Lux R
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Past performance is no guarantee of future performance

Much more than just a fund
An initiative with the sole mission of promoting social well-being and contributing to sustainable and self-sufficient development.
We focus on projects in education, health, support for vulnerable groups, agriculture and microfinance.
Azvalor en Twitter
Peter Haidinger, de @azvalor, ha defendido su tesis de inversión en Bayer, que "es una compañía líder no solo en la industria farmacéutica, sino también en agronomía y 'top 3' en salud"
#IdeasConValor
https://www.elconfidencial.com/mercados/inversion/2023-05-29/foro-ideas-con-valor-el-confidencial-bra_3630432/?utm_source=twitter&utm_medium=social&utm_campaign=ECDiarioManual