Invest with one of the most recognized and awarded teams in Spain
Make your savings grow in a simple and effective way with our long-term products. Invest according to your objectives and be accompanied by an expert team with more than 12 years of experience.
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‘Value Investing’
is investing with common sense
We invest in companies that after a thorough analysis present a high margin of safety, and whose intrinsic value is well above their market capitalization. This investment philosophy has proven successful throughout history.
Learn more about Value InvestingWe understand the business
We invest in companies whose business models we understand and where we can project a long-term future.
We reduce risk
We avoid companies with high debt.
We look for unique companies
We focus on those companies that have distinctive advantages over their competitors.
We analyze the management team
We closely examine the performance of the management team leading the companies in which we invest.
We maintain an adequate margin of safety
We buy shares when we identify that their value is clearly higher than their market price on the stock exchange.
Investment team's historical performance
294,2 %
12,1 %
2024 YTD
+11,4 %
2023
14,3 %
2022
4,9 %
2021
37,6 %
2020
-2,4 %
2019
12,8 %
2018
-13,7 %
2017
11,6 %
2016
11,0 %
2015
14,9 %
2014
17,6 %
2013
19,9 %
2012
13,9 %
223,4 %
15,6 %
2024 YTD
+6,8 %
2023
15,7 %
2022
-5,2 %
2021
26,4 %
2020
-5,6 %
2019
6,6 %
2018
-6,4 %
2017
8,7 %
2016
10,2 %
2015
17,1 %
2014
13,4 %
2013
36,3 %
2012
7,1 %
*Results obtained by the investment team throughout its professional career (from May 31, 2012 and September 30, 2012 for the International and Iberian strategies, respectively, to May 21, 2018, in its previous stage, and since that date, in Horos AM). Past performance is no guarantee of future performance.
We believe so much in what we do that we are the first to invest in Horos.
Our conviction in that value investing is the best way to invest is so high that most of Horos' main partners and employees assets are invested in our products.
Why invest with Horos?
By investing in Horos you put your savings to work with an expert investment team, guaranteeing transparency, security and always seeking the best return for your savings.
Attractive long-term returns
No need to make a large investment
Investing where we are experts
We have been recognized by several awards for our work
No previous knowledge is required
Seeking to maximize expected returns and minimize risk
Thousands of clients already trust us
Tax benefits with our products
Find the product that best suits your goals
Mutual Funds
Our equity investment philosophy is reflected in our mutual funds:
Pension Plans
Following our long-term international investment strategy and designed to complement the public retirement pension:
With our exclusive App, you can follow the progress of your savings and their performance in real time. In addition, you can carry out your transactions with total comfort and security, from anywhere and at any time.
With this application we demonstrate our commitment to transparency and accessibility with all our co-investors.
If you are already a client, download the app to track the progress of your investments.
What are they saying about us in the media?
Horos AM lanza un plan de pensiones de empleo de la mano de Caser
Horos ultima un plan de pensiones de empleo para pymes junto a Caser
Los gestores estrella españoles que siguen los pasos de Buffett
Los fondos estrella de las gestoras españolas más rentables
Horos, Mutuactivos y Solventis lideran la 'Liga' de fondos activos a largo plazo
With Horos, investing has never been easier
Now you too can easily invest in equities, increasing your savings without having to invest large amounts of money or expend a great deal of effort.
Our clients endorse us
I am a shareholder in Horos Internacional pension plan and I am very happy with the investment philosophy the managers practice. They are a great investment team who is totally aligned with us, the shareholders. In our first interaction, the sales representative showed great patience in explaining everything in full detail to me. I will continue to make contributions to the pension plan every year.
Salva Gil
IT TechnicianI am invested in their personal pension plan and the truth is that I am very happy with the results. The return they are obtaining is very interesting and the communication with the shareholder is second to none! 100% recommended to all savers!
Ester Revenga
TeacherExcellent value investing-oriented capital management firm. A team of professionals who honor the mission and values they profess, with deep knowledge of the stock markets and the companies they bet on. Credibility, sensitivity, attention to detail plus a personalized and well-crafted customer service. I have been investing with them for five years, and not only the value of my investments has increased considerably, but also the treatment I have received is unbeatable.
Marta Rodríguez
Consultant, mentor and trainer in Organizational Welfare and Talent DevelopmentA friend of mine told me about the Horos mutual funds and, after following his advice, I decided to invest a portion of my savings with them. So far, my decision has proven to be wise, as not only have I increased my capital, but I have also enjoyed an excellent customer service. There is always someone available to answer any questions I may have, and they respond quickly and efficiently, which gives me great peace of mind and confidence in my investment.
Roberto Ramos
Project manager in innovationA management team that genuinely embraces a value investing philosophy. A team of independent managers whose interests are fully aligned with those of their clients. In my case, I have trusted them since they were in Metagestión SGIIC, and I continue to trust them now in Horos. I could not be happier as I'm aware the returns I'm obtaining are difficult to get from other managers. 100% recommended.
José Mora García
Investment RelationsAs a lawyer specialized in finance, I highly value Horos' approach to value investing and their commitment to transparency and communication with clients. I have been collaborating with them for 4 years and my main objective was to find where to invest my savings for the long term. Thanks to its young and dynamic team, they guarantee an ethical and responsible service that has also proven to obtain very good results (their Iberian fund was the most profitable in its category in 2021).
Ignacio Pinedo
LawyerExcellent personal experience with the group of people that leads this investment manager. I knew them when they were managing other fund in their previous firm, and without a doubt I bet on them in this new stage.
Pablo Sanchis
Senior Financial Planning and AnalysisMy small capital could not be in better hands. Despite the difficult times we are living, the results are good.
Rita Bello
RetiredI'm an investor in the international fund since the beginning of 2023 and the truth is that I didn't expect to obtain such positive results in such a short period of time. This is my first time buying this type of financial product and, because of that, I appreciate greatly that they have spent as much time as needed to solve all my doubts and explain the fund's holdings in full detail. It gives me peace of mind that such a good investors invest their money along mine, and that they do it by applying a common sense-based method. I wish I had known them before!
Erika Hita
Team LeaderWe are crasftmen of investments
Behind every decision are numerous hours of work, attention to detail and maximum dedication. Like a craftsman, we constantly seek excellence in every step of the way.
Latest publications
Letter to our co-investors 3Q24
Dear co-investor, The third quarter of 2024 has seen unprecedented volatility in Asian markets, with dramatic swings in the Japanese and Chinese stock markets not seen in decades. Meanwhile, in the West, equity markets have remained relatively stable, with major indices continuing their relentless rise. In this letter, we aim to unravel the underlying causes of recent events in Asian markets. Additionally, we will analyze why, in a financial environment so prone to abrupt changes, it becomes even more crucial to maintain patience and adhere to a robust, common-sense investment strategy like the one we implement at Horos.
Letter to our co-investors 2Q24
Dear co-investor, After wrapping up the second quarter of 2024, we can highlight few new developments in financial markets. The reality is that the euphoric dynamics in the technology sector persist, to a greater or lesser extent, pushing the U.S. stock market to new highs and helping this market to continue outperforming most other regions. This letter will focus on the potential unsustainability of this and the importance of investing with a high margin of safety.
Letter to our co-investors 1Q24
Dear co-investor, The start of 2024 has once again been very positive for global equities, continuing the excellent performance already shown in 2023. Our Horos Value Internacional and Horos Value Iberia funds have been part of this trend, posting returns of 5.9% and 1.1%, respectively.
Letter to our co-investors 4Q23
Dear co-investor, First of all, I would like to take this opportunity to wish you all the best for the new year. We concluded 2023 with two reasons for celebration.
Letter to our co-investors 3Q23
Dear co-investor, This quarter, the management team formed by Alejandro, Miguel and myself is celebrating eleven years working in the complex and fascinating world of investing. A period in which we have remained faithful to the same investment principles and in which we have always managed two strategies: international and Iberian equities. In these eleven years we have delivered c
