investor

Amancio Ortega is not only the richest man in Spainthanks to having founded the financial empires of Inditex and Pontegadeabut has also turned out to be the largest private shareholder in the Spanish stock market. And, furthermore, it is with an enormous distance compared to the second classified. To put it in context, Ortega’s investment in the Ibex35 far exceeds the State’s participation in this index. According to recent data published by EuropaPress Based on the National Securities Market Commission (CNMV), Ortega sweeps into first place, followed by the American giant BlackRock and the Spanish State, which slips into third position. Between the three of them they accumulate stakes that exceed 176,000 million euros in different companies listed on the Ibex 35. Ortega’s portfolio: only three companies, but almost 100,000 million. The key to Amancio Ortega’s dominant position is, of course, in the giant Inditex. The lion millionaire settled in La Coruñachannels its investments through its companies Pontegadea Inversiones and Partler Participaciones, with which controls 59.294% of the capital of the textile group that owns brands such as Zara, Massimo Dutti or Pull&Bear. Ortega’s participation, alone, already represents practically all of the 97,733 million euros that his investments in the selective total. The other two pieces of your stock market portfolio in the Ibex35 are the energy sector holdingswith 5% in both Redeia (owner of Red Eléctrica de España) and Enagás, the managing company of the national gas system. Although the investment weight in energy companies is significantly lower than in Inditex, both fit into Ortega’s investment strategy, which is committed to assets with stable income and regulated that they generate dividends on a recurring basis. BlackRock, the American giant that tries everything. The second investor in the Ibex35 by investment volume is BlackRock, the largest fund manager of the world. As and how to publish The Economistits commitment to the Spanish stock market extends to a total of 20 companies in the Spanish selective, with stakes greater than 1% in each of them, which together reach 41,308 million euros, which is equivalent to 3.7% of the entire capitalization of the Ibex. Its presence is especially relevant in large Spanish banks, with notable stakes in the capital of Banco Sabadell (with 8,199%), BBVA (7,158%), Banco Santander (6,861%), Bankinter (5,910%) and CaixaBank (4,980%). Its assets in Santander alone are already estimated to be worth more than 10,277 million euros. However, like Ortega, BlackRock is committed to diversifying its investments, with a notable presence in the shareholding of energy companies such as Iberdrola (6,254%) and Enagás (7,427%). The State, third shareholder of the Spanish stock market. The public presence in the Ibex35 is channeled through several instruments. The State Society of Industrial Participations (SEPI), Enaire and the Fund for Orderly Bank Restructuring (FROB) are the main investment vehicles that the Spanish Government uses to participate in large companies listed companies, especially those with strategic interest such as energy, communications or banking. In total, the State’s investments in the selective are valued at around 37,147 million euros. Among its most relevant positions, SEPI owns 10% at Telefónica20% in Redeia, 27.99% in Indra and 5% in Enagás, while the FROB controls 16.177% of CaixaBank and Enaire holds 51% of Aena. The latter, the stake in the airport manager, is one of the most valuable in the public portfolio, given the strong Aena stock market performance in recent years. In Xataka | With his profits from Inditex, Amancio Ortega has become something: the biggest real estate magnate on the planet Image | GTRES, Unsplash (Jakub Zerdzicki)