Banco Bilbao Vizcaya Argentaria, S.A.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Banco Bilbao Vizcaya Argentaria, S.A. reported 719 stock positions worth $9.9 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 6.8% of the portfolio, followed by Microsoft (MSFT, 4.5%) and Apple (AAPL, 4.3%). Compared with Q4 2024, it opened 52 new positions, sold out of 24, added to 454 and reduced 204. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +64%) and the biggest sale Nvidia (NVDA, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- Madrid, U3
- CIK
- 0000842180
- Portfolio Value
- $9.9B (Q1 2025)
- SEC Filing
- 0000950123-25-005054 ↗ filed May 14, 2025
Holdings Value
Holdings 719 stocks · $9.9B
| SPY SS SPDR S&P 500 ETF Trust-US | 6.78% | 1,212,591 | $672.5M | Add +63.6% |
| MSFT Microsoft Corp. | 4.51% | 1,190,994 | $447.6M | Add +8.1% |
| AAPL Apple Inc. | 4.30% | 1,921,806 | $427.0M | Add +5.6% |
| NVDA Nvidia Corp. | 3.90% | 3,580,099 | $386.8M | Reduce -13.5% |
| AMZN Amazon.com Inc. | 3.26% | 1,698,535 | $323.1M | Add +9.4% |
| XLF SS Financial Select Sector | 3.04% | 6,105,246 | $301.6M | Add +30.6% |
| META Meta Platforms Inc. Class A | 2.97% | 511,916 | $294.6M | Add +3.0% |
| GOOGL Alphabet Inc. Class A | 2.40% | 1,537,613 | $238.2M | Reduce -9.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.82% | 1,963,456 | $180.6M | Add +13.6% |
| GOOG Alphabet Inc. Class C | 1.71% | 1,085,437 | $169.6M | Reduce -1.0% |
| SHV iShares 0-1 Year Treasury Bo | 1.69% | 1,518,005 | $168.1M | Add +19.0% |
| AVGO Broadcom Inc. | 1.28% | 760,816 | $127.2M | Add +47.6% |
| IVV iShares Core S&P 500 ETF | 1.28% | 225,656 | $126.7M | Add +27.1% |
| V Visa Inc. Class A | 1.14% | 322,910 | $113.2M | Reduce -2.8% |
| MA Mastercard Inc. Class A | 0.99% | 179,891 | $98.6M | Add +1.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.98% | 1,227,460 | $97.2M | Add +4.4% |
| GLD SPDR Gold Shares | 0.96% | 334,112 | $94.9M | Add +96.5% |
| GDX Vaneck Gold Miners ETF | 0.95% | 2,080,392 | $94.7M | Add +7098.1% |
| COIN Coinbase Global Inc. Class A | 0.85% | 492,012 | $84.5M | Reduce -4.5% |
| ABBV Abbvie Inc. | 0.79% | 376,403 | $78.9M | Add +4.9% |
| ACWI iShares MSCI Acwi ETF | 0.75% | 641,303 | $74.7M | Add +37.3% |
| MCHI iShares MSCI China ETF | 0.68% | 1,236,161 | $67.4M | Add +1181.9% |
| JPM JPMorgan Chase & Co. | 0.67% | 269,147 | $66.0M | Add +3.3% |
| EEM iShares MSCI Emerging Market | 0.65% | 1,485,008 | $64.5M | Add +1731.4% |
| XLV SS Health Care Select Sector | 0.64% | 433,402 | $63.4M | Add +1997.5% |
| GILD Gilead Sciences Inc. | 0.64% | 564,533 | $63.3M | Add +0.8% |
| CRM Salesforce Inc. | 0.61% | 224,897 | $60.4M | Add +1.2% |
| WMT Walmart Inc. | 0.61% | 686,096 | $60.2M | Add +18.6% |
| TSLA Tesla Inc. | 0.59% | 225,764 | $58.1M | Add +38.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.57% | 226,258 | $56.2M | Add +3.0% |
| WFC Wells Fargo & Co. | 0.55% | 758,376 | $54.5M | Add +10.4% |
| ADBE Adobe Inc. | 0.53% | 136,228 | $52.3M | Add +6.6% |
| QCOM Qualcomm Inc. | 0.52% | 336,945 | $51.7M | Reduce -11.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.52% | 518,451 | $51.1M | Reduce -0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.51% | 1,203,444 | $50.2M | Add +7.1% |
| BABA Alibaba Group Holding-SP ADR | 0.48% | 360,034 | $47.7M | Reduce -27.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.48% | 98,221 | $47.7M | Add +11.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.47% | 594,288 | $47.0M | Add +85.6% |
| AMD Advanced Micro Devices | 0.47% | 458,197 | $46.9M | Add +13.5% |
| AXP American Express Co. | 0.47% | 172,311 | $46.4M | Reduce -1.0% |
| GS Goldman Sachs Group Inc. | 0.45% | 82,395 | $45.1M | Add +14.8% |
| MRK Merck & Co. Inc. | 0.44% | 491,424 | $44.1M | Add +0.2% |
| PFE Pfizer Inc. | 0.44% | 1,710,339 | $43.3M | Add +36.4% |
| PYPL PayPal Holdings Inc. | 0.43% | 662,960 | $43.1M | Reduce -2.5% |
| BKNG Booking Holdings Inc. | 0.43% | 9,336 | $43.0M | Add +9.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.43% | 79,427 | $42.3M | Add +1.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.42% | 88,719 | $41.3M | Reduce -15.0% |
| GM General Motors Co. | 0.40% | 851,593 | $40.1M | Add +11.2% |
| VGK Vanguard Ftse Europe ETF | 0.40% | 560,957 | $39.5M | Add +137.1% |
| INTU Intuit Inc. | 0.40% | 64,368 | $39.5M | Add +20.1% |
| FISV Fiserv Inc. | 0.39% | 176,278 | $38.9M | Add +0.1% |
| ORCL Oracle Corp. | 0.39% | 276,646 | $38.7M | Add +5.6% |
| LOW Lowe's Cos Inc. | 0.39% | 163,836 | $38.2M | Add +4.9% |
| NEE Nextera Energy Inc. | 0.38% | 535,742 | $38.0M | Add +3.9% |
| BMY Bristol-Myers Squibb Co. | 0.38% | 622,496 | $38.0M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.38% | 40,120 | $37.9M | Reduce -2.3% |
| T AT&T Inc. | 0.38% | 1,325,073 | $37.5M | Add +6.4% |
| NKE Nike Inc. Class B | 0.38% | 588,264 | $37.2M | Add +78.5% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.37% | 875,546 | $36.7M | Add +2.1% |
| PLTR Palantir Technologies Inc. Class A | 0.37% | 432,582 | $36.4M | Add +8.1% |
| INTC Intel Corp. | 0.35% | 1,574,351 | $35.2M | Reduce -9.0% |
| TLT iShares 20+ Year Treasury BD | 0.35% | 385,085 | $35.1M | Add +21.2% |
| VTIP Vanguard Short-Term Tips | 0.35% | 698,819 | $35.0M | Reduce -8.4% |
| EWZ iShares MSCI Brazil ETF | 0.35% | 1,354,575 | $34.9M | Reduce -16.2% |
| UNH Unitedhealth Group Inc. | 0.34% | 63,606 | $33.3M | Add +18.2% |
| JNJ Johnson & Johnson | 0.33% | 200,248 | $33.2M | Add +1.0% |
| MS Morgan Stanley | 0.33% | 284,057 | $33.1M | Add +91.0% |
| KLAC KLA Corp. | 0.33% | 48,345 | $32.9M | Add +1.6% |
| VZ Verizon Communications Inc. | 0.32% | 697,877 | $31.7M | Add +3.6% |
| MCD McDonald's Corp. | 0.31% | 99,646 | $31.1M | Add +20.5% |
| DAL Delta Air Lines Inc. | 0.30% | 676,505 | $29.3M | Add +150.5% |
| TMUS T-Mobile US Inc. | 0.29% | 109,063 | $29.1M | Add +4.3% |
| LLY Eli Lilly & Co. | 0.29% | 34,769 | $28.7M | Reduce -1.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.28% | 231,500 | $28.2M | Reduce -2.9% |
| CSCO Cisco Systems Inc. | 0.28% | 452,199 | $27.9M | Add +2.2% |
| IEI iShares 3-7 Year Treasury Bo | 0.28% | 232,879 | $27.6M | Add +29.9% |
| NFLX Netflix Inc. | 0.26% | 27,603 | $25.7M | Reduce -14.7% |
| TGT Target Corp. | 0.25% | 237,346 | $24.8M | Reduce -6.9% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.25% | 226,208 | $24.6M | Reduce -4.3% |
| EMB iShares JP Morgan Usd Emergi | 0.25% | 269,674 | $24.4M | Add +0.4% |
| FTNT Fortinet Inc. | 0.24% | 252,106 | $24.3M | Reduce -5.2% |
| REGN Regeneron Pharmaceuticals | 0.24% | 38,168 | $24.2M | Add +1.7% |
| CMCSA Comcast Corp. Class A | 0.24% | 653,033 | $24.1M | Add +2.0% |
| MSI Motorola Solutions Inc. | 0.24% | 54,419 | $23.8M | Reduce -7.3% |
| AMGN Amgen Inc. | 0.24% | 76,212 | $23.7M | Add +2.0% |
| EA Electronic Arts Inc. | 0.24% | 162,137 | $23.4M | Reduce -5.3% |
| GLW Corning Inc. | 0.23% | 507,604 | $23.3M | Add +24.7% |
| PG The Procter & Gamble Co. | 0.23% | 136,279 | $23.2M | Reduce -1.6% |
| SYK Stryker Corp. | 0.23% | 61,466 | $22.9M | Add +11.7% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.23% | 285,968 | $22.6M | Add +18.7% |
| BKR Baker Hughes Co. | 0.22% | 504,649 | $22.2M | Add +63.2% |
| XOM Exxon Mobil Corp. | 0.22% | 186,098 | $22.1M | Reduce -1.8% |
| PGR Progressive Corp. | 0.21% | 74,858 | $21.2M | Add +2.4% |
| LEN Lennar Corp. Class A | 0.21% | 181,272 | $20.8M | Reduce -17.8% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.21% | 60,060 | $20.8M | Add +145.2% |
| CVS CVS Health Corp. | 0.21% | 306,260 | $20.7M | Add +2.0% |
| ISRG Intuitive Surgical Inc. | 0.21% | 41,800 | $20.7M | Add +14.3% |
| FIS Fidelity National Info Serv | 0.21% | 275,809 | $20.6M | Add +10.3% |
| UBER Uber Technologies Inc. | 0.20% | 279,078 | $20.3M | Reduce -26.8% |
| MMM 3M Co. | 0.20% | 137,791 | $20.2M | Add +0.8% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -13.5% | 3.90% | −1.97 |
| GOOGL Alphabet Inc. Class A | Reduce -9.3% | 2.40% | −0.99 |
| COIN Coinbase Global Inc. Class A | Reduce -4.5% | 0.85% | −0.50 |
| GOOG Alphabet Inc. Class C | Reduce -1.0% | 1.71% | −0.49 |
| XLK SS Technology Select Sector | Reduce -81.0% | 0.09% | −0.47 |
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −0.29 |
| MELI MercadoLibre Inc. | Reduce -78.5% | 0.06% | −0.19 |
| PYPL PayPal Holdings Inc. | Reduce -2.5% | 0.43% | −0.18 |
| MCK McKesson Corp. | Reduce -85.5% | 0.03% | −0.17 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -15.0% | 0.42% | −0.15 |
| MRVL Marvell Technology Inc. | Reduce -26.2% | 0.09% | −0.14 |
| CMI Cummins Inc. | Reduce -91.5% | 0.01% | −0.13 |
| LRCX Lam Research Corp. | Reduce -53.4% | 0.10% | −0.13 |
| TGT Target Corp. | Reduce -6.9% | 0.25% | −0.11 |
| LEN Lennar Corp. Class A | Reduce -17.8% | 0.21% | −0.11 |
| NVR NVR Inc. | Reduce -82.8% | 0.02% | −0.11 |
| XYZ Block Inc. | Reduce -8.5% | 0.13% | −0.10 |
| DIS The Walt Disney Co. | Reduce -0.9% | 0.52% | −0.10 |
| MRNA Moderna Inc. | Reduce -54.4% | 0.04% | −0.10 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -37.8% | 0.16% | −0.10 |
| QCOM Qualcomm Inc. | Reduce -11.1% | 0.52% | −0.09 |
| NET Cloudflare Inc. Class A | Reduce -78.4% | 0.02% | −0.09 |
| FXI iShares China Large-Cap ETF | Reduce -38.4% | 0.18% | −0.08 |
| AXP American Express Co. | Reduce -1.0% | 0.47% | −0.08 |
| MPWR Monolithic Power Systems Inc. | Reduce -91.5% | 0.01% | −0.08 |
| FLOT iShares Floating Rate Bond E | Reduce -49.7% | 0.07% | −0.07 |
| AMAT Applied Materials Inc. | Reduce -14.1% | 0.19% | −0.07 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -89.5% | 0.01% | −0.06 |
| FERG Ferguson Enterprises Inc. | Reduce -92.5% | 0.00% | −0.06 |
| PINS Pinterest Inc. Class A | Reduce -63.1% | 0.03% | −0.06 |
| MDLZ Mondelez International Inc. Class A | Reduce -35.8% | 0.12% | −0.05 |
| SHOP Shopify Inc. Class A | Reduce -56.6% | 0.03% | −0.05 |
| NFLX Netflix Inc. | Reduce -14.7% | 0.26% | −0.05 |
| MSI Motorola Solutions Inc. | Reduce -7.3% | 0.24% | −0.04 |
| FAST Fastenal Co. | Reduce -82.9% | 0.01% | −0.04 |
| SMCI Super Micro Computer Inc. | Reduce -68.8% | 0.02% | −0.04 |
| ELV Elevance Health Inc. | Reduce -56.5% | 0.04% | −0.04 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -55.4% | 0.03% | −0.04 |
| NEM Newmont Corp. | Reduce -75.3% | 0.02% | −0.04 |
| LULU Lululemon Athletica Inc. | Reduce -9.2% | 0.07% | −0.04 |
| ADI Analog Devices Inc. | Reduce -11.6% | 0.16% | −0.04 |
| VTIP Vanguard Short-Term Tips | Reduce -8.4% | 0.35% | −0.04 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -95.3% | 0.00% | −0.04 |
| UBER Uber Technologies Inc. | Reduce -26.8% | 0.20% | −0.04 |
| MNST Monster Beverage Corp. | Reduce -82.2% | 0.01% | −0.04 |
| NTAP Netapp Inc. | Reduce -4.5% | 0.08% | −0.04 |
| DELL Dell Technologies -C | Reduce -73.3% | 0.01% | −0.04 |
| FCX Freeport-McMoran Inc. | Reduce -42.6% | 0.04% | −0.03 |
| MU Micron Technology Inc. | Reduce -13.5% | 0.19% | −0.03 |
| PANW Palo Alto Networks Inc. | Reduce -8.4% | 0.15% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +63.6% | 6.78% | +2.20 |
| GDX Vaneck Gold Miners ETF | Add +7098.1% | 0.95% | +0.94 |
| XLF SS Financial Select Sector | Add +30.6% | 3.04% | +0.66 |
| MCHI iShares MSCI China ETF | Add +1181.9% | 0.68% | +0.63 |
| EEM iShares MSCI Emerging Market | Add +1731.4% | 0.65% | +0.61 |
| XLV SS Health Care Select Sector | Add +1997.5% | 0.64% | +0.61 |
| GLD SPDR Gold Shares | Add +96.5% | 0.96% | +0.53 |
| VGK Vanguard Ftse Europe ETF | Add +137.1% | 0.40% | +0.24 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +85.6% | 0.47% | +0.22 |
| SHV iShares 0-1 Year Treasury Bo | Add +19.0% | 1.69% | +0.20 |
| IWN iShares Russell 2000 Value E | New | 0.19% | +0.19 |
| ACWI iShares MSCI Acwi ETF | Add +37.3% | 0.75% | +0.17 |
| IVV iShares Core S&P 500 ETF | Add +27.1% | 1.28% | +0.17 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +13.6% | 1.82% | +0.14 |
| MS Morgan Stanley | Add +91.0% | 0.33% | +0.14 |
| AJG Arthur J Gallagher & Co. | Add +145.2% | 0.21% | +0.14 |
| TFC Truist Financial Corp. | Add +711.0% | 0.15% | +0.13 |
| ABBV Abbvie Inc. | Add +4.9% | 0.79% | +0.12 |
| DAL Delta Air Lines Inc. | Add +150.5% | 0.30% | +0.12 |
| NKE Nike Inc. Class B | Add +78.5% | 0.38% | +0.11 |
| VRTX Vertex Pharmaceuticals Inc. | Add +11.9% | 0.48% | +0.11 |
| BBEU JPMorgan Betabuilders Europe | New | 0.10% | +0.10 |
| GILD Gilead Sciences Inc. | Add +0.8% | 0.64% | +0.09 |
| BKR Baker Hughes Co. | Add +63.2% | 0.22% | +0.09 |
| PFE Pfizer Inc. | Add +36.4% | 0.44% | +0.09 |
| T AT&T Inc. | Add +6.4% | 0.38% | +0.08 |
| VT Vanguard Tot World STK ETF | New | 0.07% | +0.07 |
| SLV iShares Silver Trust | Add +38.5% | 0.17% | +0.07 |
| CVS CVS Health Corp. | Add +2.0% | 0.21% | +0.07 |
| SIVR Abrdn Physical Silver Shares | Add +35.1% | 0.17% | +0.06 |
| MCD McDonald's Corp. | Add +20.5% | 0.31% | +0.06 |
| IBM Intl Business Machines Corp. | Add +3.0% | 0.57% | +0.06 |
| TLT iShares 20+ Year Treasury BD | Add +21.2% | 0.35% | +0.06 |
| IEI iShares 3-7 Year Treasury Bo | Add +29.9% | 0.28% | +0.06 |
| WMT Walmart Inc. | Add +18.6% | 0.61% | +0.06 |
| FCNCA First Citizens Bcshs Class A | New | 0.05% | +0.05 |
| TMUS T-Mobile US Inc. | Add +4.3% | 0.29% | +0.05 |
| XLB SS Materials Select Sector | Add +460.9% | 0.06% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.1% | 0.43% | +0.05 |
| STZ Constellation Brands Inc. Class A | Add +732.7% | 0.06% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +18.2% | 0.34% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | Add +8.1% | 0.37% | +0.05 |
| VRSN Verisign Inc. | Add +56.5% | 0.10% | +0.05 |
| HWM Howmet Aerospace Inc. | Add +31.7% | 0.14% | +0.05 |
| IBKR Interactive Brokers Gro Class A | New | 0.05% | +0.05 |
| INTU Intuit Inc. | Add +20.1% | 0.40% | +0.04 |
| WFC Wells Fargo & Co. | Add +10.4% | 0.55% | +0.04 |
| SO The Southern Co. | Add +30.3% | 0.13% | +0.04 |
| VST Vistra Corp. | Add +430.2% | 0.05% | +0.04 |
| WSM Williams-Sonoma Inc. | Add +652.8% | 0.04% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 733 | $16.1B | SPY, NVDA, AAPL, MSFT, IVV |
| Q1 2026 | 726 | $14.3B | SPY, NVDA, AAPL, MSFT, GOOGL |
| Q4 2025 | 724 | $14.4B | SPY, NVDA, AAPL, MSFT, GOOGL |
| Q3 2025 | 727 | $13.1B | SPY, AAPL, NVDA, MSFT, GOOGL |
| Q2 2025 | 691 | $11.0B | SPY, MSFT, NVDA, AAPL, META |
| Q1 2025 | 719 | $9.9B | SPY, MSFT, AAPL, NVDA, AMZN |
| Q4 2024 | 690 | $9.5B | NVDA, MSFT, AAPL, SPY, AMZN |
| Q3 2024 | 706 | $10.0B | MSFT, Apple Inc, NVDA, Amazon.com Inc, SPY |
| Q2 2024Amended | 728 | $9.5B | AAPL, MSFT, NVDA, AMZN, XLF |
| Q1 2024Amended | 759 | $8.7B | MSFT, AAPL, NVDA, AMZN, GOOGL |