Banco Bilbao Vizcaya Argentaria, S.A.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Banco Bilbao Vizcaya Argentaria, S.A. reported 691 stock positions worth $11.0 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.8% of the portfolio, followed by Microsoft (MSFT, 5.0%) and Nvidia (NVDA, 4.6%). Compared with Q1 2025, it opened 23 new positions, sold out of 51, added to 205 and reduced 455. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +45%) and the biggest sale SS Financial Select Sector (XLF, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- Madrid, U3
- CIK
- 0000842180
- Portfolio Value
- $11.0B (Q2 2025)
- SEC Filing
- 0000950123-25-007343 ↗ filed Aug 8, 2025
Holdings Value
Holdings 691 stocks · $11.0B
| SPY SS SPDR S&P 500 ETF Trust-US | 9.80% | 1,753,831 | $1.1B | Add +44.6% |
| MSFT Microsoft Corp. | 4.98% | 1,104,735 | $549.4M | Reduce -7.2% |
| NVDA Nvidia Corp. | 4.61% | 3,221,793 | $508.9M | Reduce -10.0% |
| AAPL Apple Inc. | 3.96% | 2,137,783 | $437.2M | Add +11.2% |
| META Meta Platforms Inc. Class A | 2.86% | 427,528 | $315.6M | Reduce -16.5% |
| GOOGL Alphabet Inc. Class A | 2.41% | 1,508,234 | $265.9M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 2.34% | 1,176,324 | $258.2M | Reduce -30.7% |
| EEM iShares MSCI Emerging Market | 2.02% | 4,634,821 | $223.1M | Add +212.1% |
| XLF SS Financial Select Sector | 1.86% | 3,916,004 | $204.8M | Reduce -35.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.71% | 2,068,499 | $189.1M | Add +5.3% |
| AVGO Broadcom Inc. | 1.62% | 646,515 | $178.2M | Reduce -15.0% |
| SHV iShares 0-1 Year Treasury Bo | 1.54% | 1,544,694 | $170.0M | Add +1.8% |
| GOOG Alphabet Inc. Class C | 1.50% | 935,043 | $165.9M | Reduce -13.9% |
| XLK SS Technology Select Sector | 1.37% | 596,226 | $150.7M | Add +1270.2% |
| COIN Coinbase Global Inc. Class A | 1.35% | 425,039 | $149.4M | Reduce -13.6% |
| V Visa Inc. Class A | 1.08% | 334,921 | $118.9M | Add +3.7% |
| GLD SPDR Gold Shares | 1.04% | 378,973 | $114.6M | Add +13.4% |
| CRM Salesforce Inc. | 1.03% | 418,336 | $114.0M | Add +86.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.99% | 1,376,944 | $109.0M | Add +12.2% |
| MA Mastercard Inc. Class A | 0.90% | 175,824 | $98.8M | Reduce -2.3% |
| TSLA Tesla Inc. | 0.88% | 305,127 | $97.6M | Add +35.1% |
| XLC SS Comm Select Sector SPDR | 0.85% | 862,910 | $93.4M | New |
| IVV iShares Core S&P 500 ETF | 0.68% | 121,194 | $75.1M | Reduce -46.3% |
| WMT Walmart Inc. | 0.66% | 745,401 | $72.8M | Add +8.6% |
| JPM JPMorgan Chase & Co. | 0.65% | 248,947 | $72.2M | Reduce -7.5% |
| ABBV Abbvie Inc. | 0.64% | 378,917 | $70.3M | Add +0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.58% | 218,740 | $64.5M | Reduce -3.3% |
| ORCL Oracle Corp. | 0.57% | 287,606 | $62.9M | Add +4.0% |
| GILD Gilead Sciences Inc. | 0.57% | 566,262 | $62.8M | Add +0.3% |
| WFC Wells Fargo & Co. | 0.57% | 780,757 | $62.5M | Add +3.0% |
| PLTR Palantir Technologies Inc. Class A | 0.56% | 452,066 | $61.6M | Add +4.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.55% | 489,955 | $60.7M | Reduce -5.5% |
| CSCO Cisco Systems Inc. | 0.55% | 870,907 | $60.4M | Add +92.6% |
| ACWI iShares MSCI Acwi ETF | 0.49% | 422,462 | $54.3M | Reduce -34.1% |
| ADBE Adobe Inc. | 0.49% | 138,430 | $53.6M | Add +1.6% |
| NOW ServiceNow Inc. | 0.48% | 50,990 | $52.4M | Add +107.5% |
| BKNG Booking Holdings Inc. | 0.47% | 8,983 | $52.0M | Reduce -3.8% |
| INTU Intuit Inc. | 0.45% | 63,311 | $49.8M | Reduce -1.6% |
| BABA Alibaba Group Holding-SP ADR | 0.45% | 436,097 | $49.3M | Add +21.1% |
| GS Goldman Sachs Group Inc. | 0.42% | 65,669 | $46.4M | Reduce -20.3% |
| EWI iShares MSCI Italy ETF | 0.42% | 958,577 | $46.0M | New |
| QCOM Qualcomm Inc. | 0.40% | 278,160 | $44.3M | Reduce -17.4% |
| EWZ iShares MSCI Brazil ETF | 0.40% | 1,540,907 | $44.2M | Add +13.8% |
| GDX Vaneck Gold Miners ETF | 0.39% | 839,863 | $43.3M | Reduce -59.6% |
| PFE Pfizer Inc. | 0.38% | 1,737,334 | $42.1M | Add +1.6% |
| PYPL PayPal Holdings Inc. | 0.38% | 563,504 | $41.9M | Reduce -15.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.38% | 93,689 | $41.7M | Reduce -4.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.37% | 867,046 | $41.0M | Reduce -27.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 82,311 | $40.0M | Add +3.6% |
| COF Capital One Financial Corp. | 0.36% | 187,704 | $39.9M | Add +78.8% |
| NEE Nextera Energy Inc. | 0.36% | 573,372 | $39.8M | Add +7.0% |
| LOW Lowe's Cos Inc. | 0.35% | 172,145 | $38.2M | Add +5.1% |
| MCHI iShares MSCI China ETF | 0.34% | 685,174 | $37.7M | Reduce -44.6% |
| MRK Merck & Co. Inc. | 0.34% | 475,861 | $37.7M | Reduce -3.2% |
| GM General Motors Co. | 0.34% | 751,562 | $37.0M | Reduce -11.8% |
| COST Costco Wholesale Corp. | 0.33% | 36,925 | $36.5M | Reduce -8.0% |
| T AT&T Inc. | 0.33% | 1,259,274 | $36.4M | Reduce -5.0% |
| TLT iShares 20+ Year Treasury BD | 0.32% | 405,560 | $35.7M | Add +5.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.32% | 1,049,993 | $35.5M | Add +19.9% |
| VTIP Vanguard Short-Term Tips | 0.31% | 690,314 | $34.6M | Reduce -1.2% |
| NKE Nike Inc. Class B | 0.31% | 481,650 | $34.4M | Reduce -18.1% |
| NFLX Netflix Inc. | 0.31% | 25,560 | $34.1M | Reduce -7.4% |
| EWY iShares MSCI South Korea ETF | 0.30% | 457,986 | $32.8M | Add +547.2% |
| AMD Advanced Micro Devices | 0.29% | 226,650 | $32.2M | Reduce -50.5% |
| LLY Eli Lilly & Co. | 0.29% | 41,313 | $32.2M | Add +18.8% |
| KLAC KLA Corp. | 0.28% | 35,106 | $31.4M | Reduce -27.4% |
| JNJ Johnson & Johnson | 0.28% | 201,848 | $30.8M | Add +0.8% |
| IEI iShares 3-7 Year Treasury Bo | 0.28% | 257,518 | $30.6M | Add +10.6% |
| EWT iShares MSCI Taiwan ETF | 0.27% | 522,227 | $29.9M | Add +981.2% |
| BMY Bristol-Myers Squibb Co. | 0.27% | 638,095 | $29.5M | Add +2.5% |
| XOM Exxon Mobil Corp. | 0.26% | 269,554 | $29.1M | Add +44.9% |
| INTC Intel Corp. | 0.26% | 1,289,023 | $29.0M | Reduce -18.1% |
| VT Vanguard Tot World STK ETF | 0.26% | 222,800 | $28.6M | Add +268.8% |
| VZ Verizon Communications Inc. | 0.25% | 648,150 | $28.0M | Reduce -7.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.25% | 226,066 | $27.9M | Reduce -2.4% |
| FTNT Fortinet Inc. | 0.24% | 252,408 | $26.7M | Add +0.1% |
| GLW Corning Inc. | 0.24% | 505,853 | $26.6M | Reduce -0.3% |
| SYK Stryker Corp. | 0.24% | 65,670 | $26.0M | Add +6.8% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.24% | 237,585 | $26.0M | Add +5.0% |
| TMUS T-Mobile US Inc. | 0.23% | 107,013 | $25.5M | Reduce -1.9% |
| ADSK Autodesk Inc. | 0.23% | 82,066 | $25.4M | Add +126.8% |
| ANET Arista Networks Inc. | 0.23% | 243,010 | $24.9M | Reduce -3.9% |
| PGR Progressive Corp. | 0.23% | 93,039 | $24.8M | Add +24.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.23% | 48,761 | $24.8M | Add +10.9% |
| BKR Baker Hughes Co. | 0.22% | 643,837 | $24.7M | Add +27.6% |
| AXP American Express Co. | 0.22% | 77,181 | $24.6M | Reduce -55.2% |
| EA Electronic Arts Inc. | 0.22% | 153,284 | $24.5M | Reduce -5.5% |
| DAL Delta Air Lines Inc. | 0.22% | 493,377 | $24.3M | Reduce -27.1% |
| MS Morgan Stanley | 0.22% | 171,344 | $24.1M | Reduce -39.7% |
| CMCSA Comcast Corp. Class A | 0.22% | 673,060 | $24.0M | Add +3.1% |
| FISV Fiserv Inc. | 0.21% | 136,851 | $23.6M | Reduce -22.4% |
| ISRG Intuitive Surgical Inc. | 0.21% | 42,757 | $23.2M | Add +2.3% |
| MCD McDonald's Corp. | 0.21% | 78,467 | $22.9M | Reduce -21.3% |
| AMGN Amgen Inc. | 0.20% | 79,762 | $22.3M | Add +4.7% |
| TGT Target Corp. | 0.20% | 222,925 | $22.0M | Reduce -6.1% |
| VGK Vanguard Ftse Europe ETF | 0.20% | 281,865 | $21.8M | Reduce -49.8% |
| AMAT Applied Materials Inc. | 0.19% | 115,127 | $21.1M | Reduce -10.9% |
| FIS Fidelity National Info Serv | 0.19% | 259,374 | $21.1M | Reduce -6.0% |
| TRV The Travelers Cos Inc. | 0.19% | 77,773 | $20.8M | Add +42.9% |
| CVS CVS Health Corp. | 0.19% | 300,340 | $20.7M | Reduce -1.9% |
Portfolio Sells Q1 2025 → Q2 2025
| XLF SS Financial Select Sector | Reduce -35.9% | 1.86% | −1.18 |
| AMZN Amazon.com Inc. | Reduce -30.7% | 2.34% | −0.92 |
| XLV SS Health Care Select Sector | Reduce -92.8% | 0.04% | −0.60 |
| IVV iShares Core S&P 500 ETF | Reduce -46.3% | 0.68% | −0.59 |
| GDX Vaneck Gold Miners ETF | Reduce -59.6% | 0.39% | −0.56 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -91.9% | 0.04% | −0.44 |
| MCHI iShares MSCI China ETF | Reduce -44.6% | 0.34% | −0.34 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -71.5% | 0.13% | −0.29 |
| ACWI iShares MSCI Acwi ETF | Reduce -34.1% | 0.49% | −0.26 |
| AXP American Express Co. | Reduce -55.2% | 0.22% | −0.24 |
| EMB iShares JP Morgan Usd Emergi | Reduce -97.5% | 0.01% | −0.24 |
| UNH Unitedhealth Group Inc. | Reduce -30.8% | 0.12% | −0.21 |
| GOOG Alphabet Inc. Class C | Reduce -13.9% | 1.50% | −0.21 |
| VGK Vanguard Ftse Europe ETF | Reduce -49.8% | 0.20% | −0.20 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −0.19 |
| AMD Advanced Micro Devices | Reduce -50.5% | 0.29% | −0.18 |
| SSNC Ss&c Technologies Holdings | Sold out | 0.00% | −0.18 |
| FISV Fiserv Inc. | Reduce -22.4% | 0.21% | −0.18 |
| MSI Motorola Solutions Inc. | Reduce -67.0% | 0.07% | −0.17 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.15 |
| BAC Bank of America Corp. | Reduce -27.9% | 0.37% | −0.13 |
| QCOM Qualcomm Inc. | Reduce -17.4% | 0.40% | −0.12 |
| MS Morgan Stanley | Reduce -39.7% | 0.22% | −0.11 |
| ADP Automatic Data Processing | Reduce -74.8% | 0.03% | −0.11 |
| META Meta Platforms Inc. Class A | Reduce -16.5% | 2.86% | −0.11 |
| MCD McDonald's Corp. | Reduce -21.3% | 0.21% | −0.11 |
| MRK Merck & Co. Inc. | Reduce -3.2% | 0.34% | −0.10 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -4.6% | 0.38% | −0.10 |
| MA Mastercard Inc. Class A | Reduce -2.3% | 0.90% | −0.10 |
| INTC Intel Corp. | Reduce -18.1% | 0.26% | −0.09 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -34.3% | 0.14% | −0.09 |
| EOG EOG Resources Inc. | Reduce -69.9% | 0.03% | −0.08 |
| PCG P G & E Corp. | Reduce -59.9% | 0.03% | −0.08 |
| DAL Delta Air Lines Inc. | Reduce -27.1% | 0.22% | −0.08 |
| ARM Arm Holdings PLC-ADR | Reduce -84.5% | 0.02% | −0.07 |
| GM General Motors Co. | Reduce -11.8% | 0.34% | −0.07 |
| ESGE iShares Inc. iShares ESG Awar | Sold out | 0.00% | −0.07 |
| REGN Regeneron Pharmaceuticals | Reduce -1.3% | 0.18% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -7.1% | 0.25% | −0.06 |
| WMB Williams Cos Inc. | Reduce -29.6% | 0.13% | −0.06 |
| NKE Nike Inc. Class B | Reduce -18.1% | 0.31% | −0.06 |
| VRT Vertiv Holdings Co. Class A | Reduce -90.8% | 0.01% | −0.06 |
| HEZU iShares Currency Hedged MSCI | Sold out | 0.00% | −0.06 |
| TMUS T-Mobile US Inc. | Reduce -1.9% | 0.23% | −0.06 |
| PNC PNC Financial Services Group | Reduce -78.8% | 0.01% | −0.06 |
| PYPL PayPal Holdings Inc. | Reduce -15.0% | 0.38% | −0.05 |
| STT State Street Corp. | Reduce -56.5% | 0.05% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -8.2% | 0.18% | −0.05 |
| FCNCA First Citizens Bcshs Class A | Sold out | 0.00% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -8.0% | 0.33% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +44.6% | 9.80% | +3.03 |
| EEM iShares MSCI Emerging Market | Add +212.1% | 2.02% | +1.37 |
| XLK SS Technology Select Sector | Add +1270.2% | 1.37% | +1.28 |
| XLC SS Comm Select Sector SPDR | New | 0.85% | +0.85 |
| CRM Salesforce Inc. | Add +86.0% | 1.03% | +0.43 |
| EWI iShares MSCI Italy ETF | New | 0.42% | +0.42 |
| TSLA Tesla Inc. | Add +35.1% | 0.88% | +0.30 |
| NOW ServiceNow Inc. | Add +107.5% | 0.48% | +0.28 |
| CSCO Cisco Systems Inc. | Add +92.6% | 0.55% | +0.27 |
| EWY iShares MSCI South Korea ETF | Add +547.2% | 0.30% | +0.26 |
| EWT iShares MSCI Taiwan ETF | Add +981.2% | 0.27% | +0.25 |
| PLTR Palantir Technologies Inc. Class A | Add +4.5% | 0.56% | +0.19 |
| VT Vanguard Tot World STK ETF | Add +268.8% | 0.26% | +0.19 |
| ORCL Oracle Corp. | Add +4.0% | 0.57% | +0.18 |
| COF Capital One Financial Corp. | Add +78.8% | 0.36% | +0.17 |
| ADSK Autodesk Inc. | Add +126.8% | 0.23% | +0.13 |
| WDAY Workday Inc. Class A | Add +311.9% | 0.17% | +0.13 |
| CCI Crown Castle Inc. | Add +1162.9% | 0.12% | +0.11 |
| DIA SS SPDR Dow Jones Indus Avg | Add +1348.4% | 0.10% | +0.09 |
| GLD SPDR Gold Shares | Add +13.4% | 1.04% | +0.08 |
| DLTR Dollar Tree Inc. | Add +1385.7% | 0.08% | +0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +10.9% | 0.23% | +0.07 |
| CHTR Charter Communications Inc. Class A | Add +134.5% | 0.11% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | Add +46.9% | 0.14% | +0.06 |
| ZS Zscaler Inc. | Add +307.6% | 0.07% | +0.06 |
| WMT Walmart Inc. | Add +8.6% | 0.66% | +0.05 |
| NEM Newmont Corp. | Add +254.1% | 0.07% | +0.05 |
| DG Dollar General Corp. | Add +85.0% | 0.09% | +0.05 |
| MELI MercadoLibre Inc. | Add +53.3% | 0.11% | +0.05 |
| EWZ iShares MSCI Brazil ETF | Add +13.8% | 0.40% | +0.05 |
| CI The Cigna Group | Add +142.5% | 0.09% | +0.05 |
| LRCX Lam Research Corp. | Add +21.7% | 0.15% | +0.05 |
| SNPS Synopsys Inc. | Add +47.8% | 0.13% | +0.05 |
| CTVA Corteva Inc. | Add +312.4% | 0.06% | +0.05 |
| XLE SS Energy Select Sector | Add +249.0% | 0.07% | +0.05 |
| TRV The Travelers Cos Inc. | Add +42.9% | 0.19% | +0.04 |
| XOM Exxon Mobil Corp. | Add +44.9% | 0.26% | +0.04 |
| ENPH Enphase Energy Inc. | Add +727.1% | 0.05% | +0.04 |
| VICI Vici Properties Inc. | Add +521.0% | 0.04% | +0.04 |
| IWM iShares Russell 2000 ETF | Add +141.4% | 0.06% | +0.03 |
| EWG iShares MSCI Germany ETF | New | 0.03% | +0.03 |
| APP AppLovin Corp. Class A | Add +4.2% | 0.16% | +0.03 |
| WDC Western Digital Corp. | Add +134.9% | 0.04% | +0.03 |
| WRB WR Berkley Corp. | Add +528.7% | 0.03% | +0.03 |
| URI United Rentals Inc. | Add +239.8% | 0.04% | +0.03 |
| COP Conocophillips | Add +58.3% | 0.15% | +0.03 |
| OTEX Open Text Corp. | New | 0.03% | +0.03 |
| MOS The Mosaic Co. | Add +65.7% | 0.05% | +0.03 |
| CME Cme Group Inc. | Add +36.0% | 0.12% | +0.03 |
| DELL Dell Technologies -C | Add +197.3% | 0.03% | +0.02 |
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 |