WHO WE ARE

The spirit of the company

To develop our true vocation as long-term investors, applying fundamental criteria and common sense to our valuations, studying each of our investments in depth and making decisions independently, all with the aim of aligning the interests of our co-investors with our own.

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.

We invest in real assets

At Azvalor we invest in real assets, not in stock tickers. We invest in quality companies with good businesses and sustainable competitive advantages, led by capable and honest management teams that have shareholders’ best interests at heart, and whose intrinsic value is not reflected in their stock price.

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.

Investment funds
Azvalor Internacional FI
Performance
122.0% Since inception
4.1% YTD
45.8% 2022
38.7% 2021
-6.4% 2020
5.5% 2019
-10.5% 2018
3.3% 2017
20.3% 2016
Net asset value
222.0€ A 02/02/2023
Azvalor Iberia FI
Performance
29.4% Since inception
11.2% YTD
19.3% 2022
11.3% 2021
-24.0% 2020
1.9% 2019
-16.8% 2018
19.0% 2017
15.6% 2016
Net asset value
129.4€ A 02/02/2023
Azvalor Blue Chips FI
Performance
82.3% Since inception
4.3% YTD
31.4% 2022
37.1% 2021
-2.0% 2020
2.4% 2019
-8.9% 2018
6.1% 2017
Net asset value
182.3€ A 02/02/2023
Azvalor Managers FI
Performance
42.3% Since inception
8.4% YTD
0.5% 2022
47.2% 2021
-14.7% 2020
9.5% 2019
-5.1% 2018
Net asset value
142.3€ A 01/02/2023
Azvalor Capital FI
Performance
-4.1% Since inception
0.7% YTD
2.4% 2022
4.2% 2021
-3.5% 2020
-1.4% 2019
-4.6% 2018
-2.1% 2017
1.4% 2016
Net asset value
95.9€ A 02/02/2023
Pension funds
Sicavs
Azvalor International Luxembourg R
Performance
79.0% Since inception
5.3% YTD
33.9% 2022
31.8% 2021
0.5% 2019
4.4% 2017
20.8% 2016
Net asset value
179.0€ AS OF 01/02/2023
Azvalor International Luxembourg I
Performance
84.6% Since inception
5.3% YTD
34.5% 2022
32.3% 2021
0.9% 2019
4.9% 2017
21.3% 2016
Net asset value
1,846.0€ AS OF 01/02/2023
Azvalor Value Selection SICAV
Performance
627.7% Since inception
4.9% YTD
41.5% 2022
30.1% 2021
2.8% 2019
4.2% 2017
5.8% 2016
Net asset value
69.2€ AS OF 01/02/2023
Azvalor Blue Chips Lux I
Performance
67.3% Since inception
5.1% YTD
31.8% 2022
35.2% 2021
Net asset value
1,672.7€ AS OF 01/02/2023
Azvalor Managers Lux I
Performance
48.4% Since inception
8.7% YTD
46.8% 2021
Net asset value
14.8€ AS OF 01/02/2023
Azvalor Azvalor Blue Chips Lux R
Performance
28.2% Since inception
5.1% YTD
22.0% 2022
Net asset value
128.2€ AS OF 01/02/2023

Our funds.

Investment funds
Sicavs

Azvalor
Internacional FI

A specialized fund made up of global companies with good, understandable and well-managed businesses.

Performance
122.0% Since inception
4.1% YTD
45.8% 2022
38.7% 2021
-6.4% 2020
5.5% 2019
-10.5% 2018
3.3% 2017
20.3% 2016
Net asset value
222.0€ AS OF 02/02/2023

Azvalor
Iberia FI

A specialized fund made up of Spanish and Portuguese companies whose businesses have an international vocation.

Performance
29.4% Since inception
11.2% YTD
19.3% 2022
11.3% 2021
-24.0% 2020
1.9% 2019
-16.8% 2018
19.0% 2017
15.6% 2016
Net asset value
129.4€ AS OF 02/02/2023

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.

Performance
82.3% Since inception
4.3% YTD
31.4% 2022
37.1% 2021
-2.0% 2020
2.4% 2019
-8.9% 2018
6.1% 2017
Net asset value
182.3€ AS OF 02/02/2023

Azvalor
Managers FI

Best of breed managers under one single fund.

Performance
42.3% Since inception
8.4% YTD
0.5% 2022
47.2% 2021
-14.7% 2020
9.5% 2019
-5.1% 2018
Net asset value
142.3€ AS OF 01/02/2023

Azvalor
Capital FI

Performance
-4.1% Since inception
0.7% YTD
2.4% 2022
4.2% 2021
-3.5% 2020
-1.4% 2019
-4.6% 2018
-2.1% 2017
1.4% 2016
Net asset value
95.9€ AS OF 02/02/2023

Azvalor
International Luxembourg R

A specialized fund made up of global companies with good, understandable and well- managed businesses

Performance
79.0% Since inception
5.3% YTD
33.9% 2022
31.8% 2021
-13.8% 2020
0.5% 2019
-11.7% 2018
4.4% 2017
20.8% 2016
Net asset value
179.0€ AS OF 01/02/2023

Azvalor
International Luxembourg I

Performance
84.6% Since inception
5.3% YTD
34.5% 2022
32.3% 2021
-13.4% 2020
0.9% 2019
-11.3% 2018
4.9% 2017
21.3% 2016
Net asset value
1,846.0€ AS OF 01/02/2023

Azvalor
Value Selection SICAV

Performance
627.7% Since inception
4.9% YTD
41.5% 2022
30.1% 2021
-13.3% 2020
2.8% 2019
-11.6% 2018
4.2% 2017
5.8% 2016
Net asset value
69.2€ AS OF 01/02/2023

Azvalor
Blue Chips Lux I

Performance
67.3% Since inception
5.1% YTD
31.8% 2022
35.2% 2021
-2.1% 2020
Net asset value
1,672.7€ AS OF 01/02/2023

Azvalor
Managers Lux I

Best of breed managers under one single fund.

Performance
48.4% Since inception
8.7% YTD
-0.6% 2022
46.8% 2021
-15.2% 2020
Net asset value
14.8€ AS OF 01/02/2023

Azvalor
Azvalor Blue Chips Lux R

Performance
28.2% Since inception
5.1% YTD
22.0% 2022
Net asset value
128.2€ AS OF 01/02/2023

Past performance is no guarantee of future performance

An initiative with the sole mission of promoting social well-being and contributing to sustainable and self-sufficient development. In other words, adding value to society.

› It brings new life, together with the Fundación África Directo

A great place to work

As one of Spain’s best companies to work for, Azvalor has been certified a Great Place to Work®. This is the largest and most highly-regarded study into workplace excellence and leadership practice.

› Get to know our company

A great place to work

As one of Spain’s best companies to work for, Azvalor has been certified a Great Place to Work®. This is the largest and most highly-regarded study into workplace excellence and leadership practice.

› Get to know our company