Our 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.Our vocation and obligation is to seek and, where appropriate, find and take advantage of the short-term inefficiencies between price and value offered by organized (stock) markets in order to try to maximize the returns of our long-term investments, minimizing as far as possible permanent losses.
When we invest, we strive to do it rationally, without letting our emotions take over, and we do so by applying the Value Investing philosophy, where time is on our side and patience is a key factor.
You, as co-investor of Azvalor, like us, own a percentage of companies with real assets and solid fundaments, among others…
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(Datoa as of September 1st, 2020)


Freeport-McMoran
Market capitalization: More than 22 billion USD
Date of incorporation: 1912

About Freeport-McMoran


Hyundai
Reference shareholder: Hyundai
Market capitalization: More than 41 billion KRW (South Korean won) (more than 35 billion USD)
Date of incorporation: 1967

About Hyundai


Tenaris
Reference shareholder: Rocca family (founders)
Market capitalization: More than 5.8 billion EUR (more than 6.9 billion USD)
Date of incorporation: 2001 (subsidiary of Techint founded in 1945 by the Rocca family)

About Tenaris


SOL Group
Reference shareholder: Fumagalli family (founders)
Market capitalization: More than 984 million EUR (more than 1.179 billion USD)
Date of incorporation: 1927

About SOL Group


Grupo México
Reference shareholder: Larrea-Mota family (founders)
Market capitalization: More than 455 billion MXN (Mexican pesos) (more than 17.4 billion USD)
Date of incorporation: 1978

About Grupo México


Eurocash
Reference shareholder: Luis Amaral (also, company CEO)
Market capitalization: More than 2.1 billion PLN (Polish złoty) (more than 580 million USD)
Date of incorporation: 1993

About Eurocash


Schlumberger
Reference shareholder: Schlumberger brothers (Conrad & Marcel – founders)
Market capitalization: More than 26.4 billion USD
Date of incorporation: 1926

About Schlumberger


National Oilwell Varco
Reference shareholder: Institutional investors (owners)
Market capitalization: More than 4.6 billion USD
Date of incorporation: 2005

About National Oilwell Varco


Barrick Gold Corporation
Reference shareholder: Mark Bristow (Chairman and CEO) – Peter Munk (founder)
Market capitalization: More than 55.7 billion USD
Date of incorporation: 1983

About Barrick Gold Corporation


Suzano Papel e Celulose
Reference shareholder: Feffer brothers (founding family)
Market capitalization: More than 67 billion BRL (Brazilian real) (more than 12 billion USD)
Date of incorporation: 1924

About Suzano Papel e Celulose


Mosaic
Reference shareholder: Institutional investors (owners)
Market capitalization: More than 6 billion USD
Date of incorporation: 2004

About Mosaic


Galp
Reference shareholder: Amorim family
Market capitalization: More than 7.4 billion EUR (more than 8.8 billion USD)
Date of incorporation: 2006

About Galp


Pan American Silver Corp.
Reference shareholder: Ross Beaty (founder)
Market capitalization: More than 7 billion USD
Date of incorporation: 1994

About Pan American Silver Corp.


Euronav
Reference shareholder: Saverys family
Market capitalization: More than 1.6 billion USD
Date of incorporation: 2004

About Euronav


Cameco
Reference shareholder: Tim Gitzel (CEO)
Market capitalization: More than 4 billion USD
Date of incorporation: 1988

About Cameco


Newmont Goldcorp Corp
Reference shareholder: Institutional investors
Market capitalization: More than 54 billion USD
Date of incorporation: 1916

About Newmont Goldcorp Corp


CNH Industrial
Market capitalization: More than 10.7 billion USD
Date of incorporation: 1999
