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Colfondos S.A. Pensiones y Cesantias
Ricardo Danilo Guerra Alvarado · Pension Fund · Multi-Strategy
Established in 1991, Colfondos S.A. Pensiones y Cesantías is a leading Colombian private pension fund administrator (AFP). The firm manages mandatory and voluntary pension funds as well as unemployment (cesantías) resources for millions of affiliates. Formerly owned by Scotiabank and now part of the Chilean-based AFP Habitat Group, Colfondos focuses on long-term capital preservation and retirement planning through a diversified Multifondos scheme that categorizes investments based on risk profiles and the age of contributors. The institution is recognized for its professional management of third-party assets and its significant role in the Colombian financial system.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +52.2% |
| YTD return | +30.6% |
| Sharpe ratio | 4.30 |
| Win rate | 57% |
| AUM | $1.0B |
| Inception | Oct 1, 2025 |
| Updated | Aug 20, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.0B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.colfondos.com.co |
Current Holdings
Updated on Aug 20, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| CIB | Grupo Cibest S.A. | 49.9% | +89.6% |
| IESFY | Interconnection Electric SA ESP | 22.0% | 0.0% |
| CMTOY | Cementos Argos SA ADR | 9.6% | +0.0% |
| AVAL | Grupo Aval | 7.1% | +66.9% |
| EC | Ecopetrol SA ADR | 5.4% | +91.6% |
| GIVSY | Grupo de Inversiones Suramericana SA ADR | 5.3% | 0.0% |
| CRPFY | Corporación Financiera Colombiana S.A | 0.7% | 0.0% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Mar 2, 2026 | BUY | CMTOY | 6.1% → 9.6% |
| Mar 2, 2026 | BUY | IESFY | 14.2% → 22.0% |
| Mar 2, 2026 | SELL | CIB | 60.2% → 49.9% |
| Mar 2, 2026 | BUY | GIVSY | 4.4% → 5.3% |
| Mar 2, 2026 | BUY | CRPFY | 0.6% → 0.7% |
Investment Style Analysis
Colfondos S.A. Pensiones y Cesantias is widely recognized for employing a Multi-Strategy strategy. As of Aug 20, 2026, the firm oversees approximately $1.0B in assets under management (AUM). The portfolio demonstrates a clear preference for the Banks - Regional and Utilities - Regulated Electric sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Mar 2, Colfondos S.A. Pensiones y Cesantias made a significant move by increasing exposure to CMTOY. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Colfondos employs a long-term investment philosophy centered on prudent risk management and capital appreciation to secure the financial future of its members. The firm utilizes a sophisticated multifund system—Conservative, Moderate, and High Risk—to tailor asset allocation to the specific life stages and risk appetites of its affiliates. Its strategy emphasizes broad diversification across domestic and international markets, incorporating fixed income, equities, and alternative assets. By leveraging deep market expertise and a disciplined investment process, the firm seeks to deliver sustainable returns while maintaining high standards of transparency and regulatory compliance.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Colfondos S.A. Pensiones y Cesantias.
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Frequently asked questions
How is the simulated portfolio for Colfondos S.A. Pensiones y Cesantias constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Colfondos S.A. Pensiones y Cesantias's largest holding?
As of the latest filing, Colfondos S.A. Pensiones y Cesantias's top position is Grupo Cibest S.A. (CIB), representing 49.9% of the portfolio. This reflects a high-conviction bet by the institution.
What is Colfondos S.A. Pensiones y Cesantias's historical performance and risk profile?
Our simulation indicates a total return of +52.2% with a win rate of 57%. Notably, the portfolio maintains a Sharpe Ratio of 4.30, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Colfondos S.A. Pensiones y Cesantias primarily invest in?
Colfondos S.A. Pensiones y Cesantias has a strong preference for the Banks - Regional sector, which makes up 57.0% of their disclosed assets. The portfolio also has exposure to Utilities - Regulated Electric, indicating a specific thematic focus.
Is Colfondos S.A. Pensiones y Cesantias's portfolio concentrated or diversified?
Colfondos S.A. Pensiones y Cesantias runs a highly concentrated portfolio with 7 disclosed positions. The top 3 holdings alone account for 81.5% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has Colfondos S.A. Pensiones y Cesantias performed in 2026?
Our AI-simulated model portfolio for Colfondos S.A. Pensiones y Cesantias tracks a Year-to-Date (YTD) return of +30.6%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Ricardo Danilo Guerra Alvarado manage Colfondos S.A. Pensiones y Cesantias directly?
Yes, Ricardo Danilo Guerra Alvarado serves as the key portfolio manager for Colfondos S.A. Pensiones y Cesantias, overseeing the investment strategy and final capital allocation decisions.