diff --git a/app/controllers/admin/activity_controller.rb b/app/controllers/admin/activity_controller.rb
index 5cb86abc5..99e97c535 100644
--- a/app/controllers/admin/activity_controller.rb
+++ b/app/controllers/admin/activity_controller.rb
@@ -1,5 +1,5 @@
 class Admin::ActivityController < Admin::BaseController
-  has_filters %w[all on_users on_proposals on_debates on_comments on_system_emails]
+  has_filters %w[all on_users on_proposals on_debates on_comments on_budget_investments on_system_emails]
 
   def show
     @activity = Activity.for_render.send(@current_filter)
diff --git a/config/locales/en/admin.yml b/config/locales/en/admin.yml
index d6917a5e5..44fb8d57a 100644
--- a/config/locales/en/admin.yml
+++ b/config/locales/en/admin.yml
@@ -62,6 +62,7 @@ en:
         filter: Show
         filters:
           all: All
+          on_budget_investments: Investment projects
           on_comments: Comments
           on_debates: Debates
           on_proposals: Proposals
diff --git a/config/locales/es/admin.yml b/config/locales/es/admin.yml
index 8db768fed..6fbc020c5 100644
--- a/config/locales/es/admin.yml
+++ b/config/locales/es/admin.yml
@@ -62,6 +62,7 @@ es:
         filter: Mostrar
         filters:
           all: Todos
+          on_budget_investments: Proyectos de gasto
           on_comments: Comentarios
           on_debates: Debates
           on_proposals: Propuestas
diff --git a/spec/system/admin/activity_spec.rb b/spec/system/admin/activity_spec.rb
index e92270c2b..8789af663 100644
--- a/spec/system/admin/activity_spec.rb
+++ b/spec/system/admin/activity_spec.rb
@@ -378,4 +378,75 @@ describe "Admin activity" do
       end
     end
   end
+
+  context "Budget investments" do
+    scenario "Shows moderation activity on budget investments" do
+      investment = create(:budget_investment, description: "<p>Investment description</p>")
+
+      visit budget_investment_path(investment.budget, investment)
+
+      within "#budget_investment_#{investment.id}" do
+        accept_confirm("Are you sure? Hide") { click_button "Hide" }
+      end
+
+      expect(page).to have_css "#budget_investment_#{investment.id}.faded"
+
+      visit admin_activity_path
+
+      within first("tbody tr") do
+        expect(page).to have_content(investment.title)
+        expect(page).to have_content("Hidden")
+        expect(page).to have_content(admin.user.username)
+        expect(page).to have_css("p", exact_text: "Investment description")
+      end
+    end
+
+    scenario "Shows moderation activity from moderation screen" do
+      investment1 = create(:budget_investment)
+      investment2 = create(:budget_investment)
+      investment3 = create(:budget_investment)
+
+      visit moderation_budget_investments_path(filter: "all")
+
+      within "#investment_#{investment1.id}" do
+        check "budget_investment_#{investment1.id}_check"
+      end
+
+      within "#investment_#{investment3.id}" do
+        check "budget_investment_#{investment3.id}_check"
+      end
+
+      accept_confirm("Are you sure? Hide budget investments") do
+        click_button "Hide budget investments"
+      end
+
+      expect(page).not_to have_content(investment1.title)
+
+      visit admin_activity_path(filter: "on_budget_investments")
+
+      expect(page).to have_content(investment1.title)
+      expect(page).not_to have_content(investment2.title)
+      expect(page).to have_content(investment3.title)
+    end
+
+    scenario "Shows admin restores" do
+      investment = create(:budget_investment, :hidden)
+
+      visit admin_hidden_budget_investments_path
+
+      within "#budget_investment_#{investment.id}" do
+        accept_confirm("Are you sure? Restore") { click_button "Restore" }
+      end
+
+      expect(page).to have_content "There are no hidden budget investments"
+
+      visit admin_activity_path
+
+      within first("tbody tr") do
+        expect(page).to have_content(investment.title)
+        expect(page).to have_content("Restored")
+        expect(page).to have_content(admin.user.username)
+      end
+    end
+  end
 end