Look through the strategy description.
In September 2026, the published sample combines 27 portfolios across 25 GV-classified funds. Jerónimo Martins, Galp, Banco Comercial Português and EDP appear among the largest reported direct holdings by investment value.
Inside the portfolios
Golden Visa sample · September 2026What do these funds
actually own?
Largest reported positions across 25 GV-classified funds and 27 portfolios.
| Reported holding | Funds | Value |
|---|---|---|
| 01Jerónimo Martins | 14 | €141.7M |
| 02Galp Energia, ordinary class B | 11 | €119.5M |
| 03Banco Comercial Português | 12 | €112.3M |
| 04EDP | 14 | €108.5M |
| 05Mota-Engil | 11 | €74.3M |
€1.86B combined NAV in the analysed sample. Direct security holdings; coverage is specific to this sample.
Explore the research note ↗A sample with explicit boundaries.
The holdings cover the available reports in this Golden Visa sample, rather than the entire Portuguese fund market. The total analysed NAV includes cash and other net assets; the ranked investment positions exclude cash, liabilities and off-balance-sheet items. Distinct securities remain separate.
Exposure is different from transaction intent.
A reported position describes holdings on a reporting date. Differences between monthly holdings do not identify every underlying transaction, and fund holdings do not reveal the identities of investors subscribing to those funds.
Sources and coverage
Source: the existing Fundraxis public snapshot, collected on 27 Oct 2026. This local website uses the published test-data sample; it has not been validated as a production release. Source facts, reporting dates, coverage and analytical outputs should be assessed together.