Banco Bilbao Vizcaya Argentaria, S.A.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Banco Bilbao Vizcaya Argentaria, S.A. reported 727 stock positions worth $13.1 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 14.7% of the portfolio, followed by Apple (AAPL, 4.8%) and Nvidia (NVDA, 4.7%). Compared with Q2 2025, it opened 57 new positions, sold out of 21, added to 474 and reduced 188. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +65%) and the biggest sale iShares MSCI Emerging Market (EEM, shares −66%).
- Most Recent 13F
- Q2 2026
- Location
- Madrid, U3
- CIK
- 0000842180
- Portfolio Value
- $13.1B (Q3 2025)
- SEC Filing
- 0001193125-25-282256 ↗ filed Nov 14, 2025
Holdings Value
Holdings 727 stocks · $13.1B
| SPY SS SPDR S&P 500 ETF Trust-US | 14.72% | 2,900,388 | $1.9B | Add +65.4% |
| AAPL Apple Inc. | 4.83% | 2,479,363 | $631.3M | Add +16.0% |
| NVDA Nvidia Corp. | 4.67% | 3,273,384 | $610.3M | Add +1.6% |
| MSFT Microsoft Corp. | 4.62% | 1,166,303 | $603.8M | Add +5.6% |
| GOOGL Alphabet Inc. Class A | 2.62% | 1,411,264 | $342.8M | Reduce -6.4% |
| META Meta Platforms Inc. Class A | 2.60% | 463,410 | $340.3M | Add +8.4% |
| AMZN Amazon.com Inc. | 2.23% | 1,326,563 | $291.1M | Add +12.8% |
| IVV iShares Core S&P 500 ETF | 1.76% | 345,688 | $230.7M | Add +185.2% |
| GOOG Alphabet Inc. Class C | 1.76% | 947,319 | $230.7M | Add +1.3% |
| AVGO Broadcom Inc. | 1.66% | 658,889 | $217.2M | Add +1.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.64% | 2,344,759 | $214.9M | Add +13.4% |
| GLD SPDR Gold Shares | 1.07% | 397,919 | $140.4M | Add +5.0% |
| SHV iShares 0-1 Year Treasury Bo | 1.05% | 1,245,071 | $137.4M | Reduce -19.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.98% | 1,597,968 | $127.6M | Add +16.1% |
| V Visa Inc. Class A | 0.90% | 346,092 | $118.1M | Add +3.3% |
| XLK SS Technology Select Sector | 0.82% | 380,869 | $107.2M | Reduce -36.1% |
| MA Mastercard Inc. Class A | 0.76% | 175,485 | $99.8M | Reduce -0.2% |
| IWM iShares Russell 2000 ETF | 0.74% | 401,280 | $96.4M | Add +1248.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.71% | 811,844 | $92.9M | Add +65.7% |
| COIN Coinbase Global Inc. Class A | 0.71% | 276,747 | $92.7M | Reduce -34.9% |
| TSLA Tesla Inc. | 0.70% | 209,199 | $92.2M | Reduce -31.4% |
| PLTR Palantir Technologies Inc. Class A | 0.68% | 485,004 | $88.4M | Add +7.3% |
| EEM iShares MSCI Emerging Market | 0.65% | 1,588,068 | $84.6M | Reduce -65.7% |
| JPM JPMorgan Chase & Co. | 0.64% | 265,602 | $83.8M | Add +6.7% |
| WMT Walmart Inc. | 0.63% | 804,144 | $82.9M | Add +7.9% |
| ABBV Abbvie Inc. | 0.63% | 356,703 | $82.5M | Reduce -5.9% |
| ORCL Oracle Corp. | 0.63% | 292,386 | $82.2M | Add +1.7% |
| XLC SS Comm Select Sector SPDR | 0.61% | 669,712 | $79.2M | Reduce -22.4% |
| XLF SS Financial Select Sector | 0.53% | 1,297,712 | $69.8M | Reduce -66.9% |
| ACWI iShares MSCI Acwi ETF | 0.53% | 504,245 | $69.7M | Add +19.4% |
| EWY iShares MSCI South Korea ETF | 0.50% | 823,077 | $65.8M | Add +79.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.50% | 230,090 | $64.9M | Add +5.2% |
| WFC Wells Fargo & Co. | 0.49% | 765,127 | $64.1M | Reduce -2.0% |
| GILD Gilead Sciences Inc. | 0.49% | 574,798 | $63.8M | Add +1.5% |
| CSCO Cisco Systems Inc. | 0.49% | 928,832 | $63.5M | Add +6.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 120,733 | $60.7M | Add +46.7% |
| CRM Salesforce Inc. | 0.45% | 250,084 | $59.3M | Reduce -40.2% |
| NOW ServiceNow Inc. | 0.45% | 63,951 | $58.9M | Add +25.4% |
| EWZ iShares MSCI Brazil ETF | 0.44% | 1,860,351 | $57.3M | Add +20.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.43% | 1,100,922 | $56.8M | Add +27.0% |
| APP AppLovin Corp. Class A | 0.43% | 78,376 | $56.2M | Add +56.1% |
| AMD Advanced Micro Devices | 0.42% | 340,418 | $55.0M | Add +50.2% |
| LLY Eli Lilly & Co. | 0.42% | 72,043 | $54.7M | Add +74.4% |
| ADBE Adobe Inc. | 0.41% | 150,450 | $53.2M | Add +8.7% |
| BABA Alibaba Group Holding-SP ADR | 0.40% | 294,446 | $52.9M | Reduce -32.5% |
| QCOM Qualcomm Inc. | 0.38% | 301,731 | $50.2M | Add +8.5% |
| NFLX Netflix Inc. | 0.38% | 41,385 | $49.5M | Add +61.9% |
| NEE Nextera Energy Inc. | 0.38% | 654,823 | $49.4M | Add +14.2% |
| BKNG Booking Holdings Inc. | 0.38% | 9,140 | $49.3M | Add +1.8% |
| INTU Intuit Inc. | 0.36% | 69,667 | $47.6M | Add +10.0% |
| LOW Lowe's Cos Inc. | 0.36% | 188,229 | $47.3M | Add +9.3% |
| MCHI iShares MSCI China ETF | 0.36% | 712,244 | $46.8M | Add +4.0% |
| PFE Pfizer Inc. | 0.34% | 1,767,812 | $44.9M | Add +1.8% |
| GS Goldman Sachs Group Inc. | 0.34% | 55,572 | $44.2M | Reduce -15.4% |
| MRK Merck & Co. Inc. | 0.33% | 519,889 | $43.5M | Add +9.3% |
| LRCX Lam Research Corp. | 0.33% | 318,464 | $42.6M | Add +84.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.33% | 71,090 | $42.6M | Add +181.0% |
| GLW Corning Inc. | 0.32% | 502,965 | $41.2M | Reduce -0.6% |
| COF Capital One Financial Corp. | 0.31% | 192,653 | $41.0M | Add +2.6% |
| INTC Intel Corp. | 0.31% | 1,220,674 | $40.9M | Reduce -5.3% |
| KLAC KLA Corp. | 0.30% | 36,728 | $39.6M | Add +4.6% |
| PYPL PayPal Holdings Inc. | 0.30% | 586,588 | $39.6M | Add +4.1% |
| COST Costco Wholesale Corp. | 0.30% | 42,697 | $39.5M | Add +15.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.29% | 98,153 | $38.4M | Add +4.8% |
| ANET Arista Networks Inc. | 0.29% | 257,476 | $37.5M | Add +6.0% |
| T AT&T Inc. | 0.28% | 1,294,332 | $36.6M | Add +2.8% |
| IEI iShares 3-7 Year Treasury Bo | 0.28% | 305,198 | $36.4M | Add +18.5% |
| SCHW Schwab (charles) Corp. | 0.27% | 367,281 | $35.1M | Add +214.2% |
| VT Vanguard Tot World STK ETF | 0.26% | 251,200 | $34.6M | Add +12.8% |
| EWC iShares MSCI Canada ETF | 0.26% | 663,041 | $33.5M | Add +871.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.26% | 231,393 | $33.4M | Add +2.4% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.25% | 967,508 | $33.2M | Reduce -7.9% |
| JNJ Johnson & Johnson | 0.25% | 179,150 | $33.2M | Reduce -11.3% |
| EWT iShares MSCI Taiwan ETF | 0.25% | 512,501 | $32.6M | Reduce -1.9% |
| VZ Verizon Communications Inc. | 0.24% | 704,613 | $31.0M | Add +8.7% |
| BMY Bristol-Myers Squibb Co. | 0.23% | 656,339 | $29.6M | Add +2.9% |
| BKR Baker Hughes Co. | 0.22% | 603,192 | $29.4M | Reduce -6.3% |
| MU Micron Technology Inc. | 0.22% | 175,899 | $29.4M | Add +10.2% |
| AXP American Express Co. | 0.22% | 85,574 | $28.4M | Add +10.9% |
| VGK Vanguard Ftse Europe ETF | 0.22% | 355,796 | $28.4M | Add +26.2% |
| MCD McDonald's Corp. | 0.21% | 92,342 | $28.0M | Add +17.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.21% | 56,466 | $27.6M | Add +15.8% |
| HOOD Robinhood Markets Inc. Class A | 0.21% | 188,832 | $27.0M | Add +862.7% |
| TMUS T-Mobile US Inc. | 0.20% | 111,758 | $26.8M | Add +4.4% |
| EA Electronic Arts Inc. | 0.20% | 131,587 | $26.5M | Reduce -14.2% |
| SIVR Abrdn Physical Silver Shares | 0.20% | 600,000 | $26.5M | Add +33.3% |
| ADSK Autodesk Inc. | 0.20% | 83,121 | $26.4M | Add +1.3% |
| TTWO Take-Two Interactive Softwre | 0.20% | 102,085 | $26.4M | Add +34.9% |
| EMB iShares JP Morgan Usd Emergi | 0.20% | 275,479 | $26.2M | Add +3963.7% |
| TLT iShares 20+ Year Treasury BD | 0.20% | 289,276 | $25.8M | Reduce -28.7% |
| VCEB Vanguard ESG US Corp. Bond | 0.20% | 402,429 | $25.8M | Add +39.3% |
| MS Morgan Stanley | 0.20% | 161,430 | $25.6M | Reduce -5.8% |
| GM General Motors Co. | 0.20% | 420,203 | $25.6M | Reduce -44.1% |
| UNH Unitedhealth Group Inc. | 0.19% | 73,896 | $25.5M | Add +67.8% |
| SLV iShares Silver Trust | 0.19% | 605,000 | $25.4M | Add +34.4% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.19% | 225,569 | $25.1M | Reduce -5.1% |
| MELI MercadoLibre Inc. | 0.19% | 10,387 | $24.5M | Add +123.0% |
| UBER Uber Technologies Inc. | 0.19% | 247,919 | $24.2M | Add +19.1% |
| NEM Newmont Corp. | 0.19% | 287,281 | $24.2M | Add +112.3% |
| AMGN Amgen Inc. | 0.18% | 84,363 | $23.8M | Add +5.8% |
Portfolio Sells Q2 2025 → Q3 2025
| EEM iShares MSCI Emerging Market | Reduce -65.7% | 0.65% | −1.38 |
| XLF SS Financial Select Sector | Reduce -66.9% | 0.53% | −1.32 |
| COIN Coinbase Global Inc. Class A | Reduce -34.9% | 0.71% | −0.65 |
| CRM Salesforce Inc. | Reduce -40.2% | 0.45% | −0.58 |
| XLK SS Technology Select Sector | Reduce -36.1% | 0.82% | −0.55 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -19.4% | 1.05% | −0.49 |
| EWI iShares MSCI Italy ETF | Reduce -65.0% | 0.13% | −0.28 |
| XLC SS Comm Select Sector SPDR | Reduce -22.4% | 0.61% | −0.24 |
| NKE Nike Inc. Class B | Reduce -71.9% | 0.07% | −0.24 |
| GDX Vaneck Gold Miners ETF | Reduce -68.2% | 0.16% | −0.24 |
| TSLA Tesla Inc. | Reduce -31.4% | 0.70% | −0.18 |
| VTIP Vanguard Short-Term Tips | Reduce -39.1% | 0.16% | −0.15 |
| GWW WW Grainger Inc. | Reduce -92.2% | 0.01% | −0.15 |
| MMM 3M Co. | Reduce -73.9% | 0.04% | −0.14 |
| GM General Motors Co. | Reduce -44.1% | 0.20% | −0.14 |
| MA Mastercard Inc. Class A | Reduce -0.2% | 0.76% | −0.13 |
| TLT iShares 20+ Year Treasury BD | Reduce -28.7% | 0.20% | −0.13 |
| COP Conocophillips | Reduce -74.3% | 0.03% | −0.12 |
| DAL Delta Air Lines Inc. | Reduce -46.8% | 0.11% | −0.11 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -77.3% | 0.03% | −0.11 |
| IT Gartner Inc. | Reduce -92.7% | 0.00% | −0.10 |
| CMG Chipotle Mexican Grill Inc. | Reduce -28.6% | 0.07% | −0.10 |
| PGR Progressive Corp. | Reduce -24.7% | 0.13% | −0.09 |
| HPE Hewlett Packard Enterprise | Reduce -70.0% | 0.04% | −0.09 |
| AFL Aflac Inc. | Reduce -86.4% | 0.01% | −0.09 |
| XOM Exxon Mobil Corp. | Reduce -23.8% | 0.18% | −0.09 |
| FTNT Fortinet Inc. | Reduce -3.1% | 0.16% | −0.08 |
| GS Goldman Sachs Group Inc. | Reduce -15.4% | 0.34% | −0.08 |
| WFC Wells Fargo & Co. | Reduce -2.0% | 0.49% | −0.08 |
| TGT Target Corp. | Reduce -19.1% | 0.12% | −0.08 |
| K Kellanova | Reduce -92.9% | 0.00% | −0.07 |
| SLB SLB Ltd. | Reduce -7.9% | 0.25% | −0.07 |
| FIS Fidelity National Info Serv | Reduce -4.2% | 0.13% | −0.07 |
| ZM Zoom Communications Inc. | Reduce -39.6% | 0.08% | −0.06 |
| FXI iShares China Large-Cap ETF | Reduce -32.4% | 0.11% | −0.06 |
| LEN Lennar Corp. Class A | Reduce -30.9% | 0.12% | −0.06 |
| SYK Stryker Corp. | Reduce -5.3% | 0.18% | −0.06 |
| VRSN Verisign Inc. | Reduce -45.4% | 0.05% | −0.06 |
| FLOT iShares Floating Rate Bond E | Sold out | 0.00% | −0.06 |
| AMP Ameriprise Financial Inc. | Reduce -18.5% | 0.10% | −0.06 |
| CPAY Corpay Inc. | Reduce -52.7% | 0.03% | −0.06 |
| PAYX Paychex Inc. | Reduce -52.7% | 0.03% | −0.06 |
| HWM Howmet Aerospace Inc. | Reduce -29.5% | 0.09% | −0.05 |
| MKL Markel Group Inc. | Sold out | 0.00% | −0.05 |
| GPN Global Payments Inc. | Reduce -45.2% | 0.04% | −0.05 |
| LH Labcorp Holdings Inc. | Reduce -55.3% | 0.03% | −0.05 |
| CSX CSX Corp. | Reduce -64.6% | 0.02% | −0.05 |
| SOXX iShares Semiconductor ETF | Reduce -40.4% | 0.06% | −0.05 |
| SPG Simon Property Group Inc. | Reduce -75.9% | 0.01% | −0.04 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -5.1% | 0.19% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +65.4% | 14.72% | +4.91 |
| IVV iShares Core S&P 500 ETF | Add +185.2% | 1.76% | +1.08 |
| AAPL Apple Inc. | Add +16.0% | 4.83% | +0.87 |
| IWM iShares Russell 2000 ETF | Add +1248.3% | 0.74% | +0.68 |
| APP AppLovin Corp. Class A | Add +56.1% | 0.43% | +0.27 |
| GOOG Alphabet Inc. Class C | Add +1.3% | 1.76% | +0.26 |
| EWC iShares MSCI Canada ETF | Add +871.0% | 0.26% | +0.23 |
| EWY iShares MSCI South Korea ETF | Add +79.7% | 0.50% | +0.21 |
| QQQ Invesco QQQ Trust Series 1 | Add +181.0% | 0.33% | +0.20 |
| EMB iShares JP Morgan Usd Emergi | Add +3963.7% | 0.20% | +0.19 |
| HOOD Robinhood Markets Inc. Class A | Add +862.7% | 0.21% | +0.19 |
| LRCX Lam Research Corp. | Add +84.6% | 0.33% | +0.17 |
| SCHW Schwab (charles) Corp. | Add +214.2% | 0.27% | +0.17 |
| DIS The Walt Disney Co. | Add +65.7% | 0.71% | +0.16 |
| AMD Advanced Micro Devices | Add +50.2% | 0.42% | +0.13 |
| LLY Eli Lilly & Co. | Add +74.4% | 0.42% | +0.13 |
| PLTR Palantir Technologies Inc. Class A | Add +7.3% | 0.68% | +0.12 |
| NEM Newmont Corp. | Add +112.3% | 0.19% | +0.11 |
| EMR Emerson Electric Co. | Add +473.9% | 0.14% | +0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +46.7% | 0.46% | +0.10 |
| BX Blackstone Inc. | Add +230.5% | 0.13% | +0.09 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +256.8% | 0.15% | +0.09 |
| SNOW Snowflake Inc. | Add +317.4% | 0.12% | +0.08 |
| NET Cloudflare Inc. Class A | Add +511.1% | 0.10% | +0.08 |
| MELI MercadoLibre Inc. | Add +123.0% | 0.19% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +67.8% | 0.19% | +0.07 |
| NFLX Netflix Inc. | Add +61.9% | 0.38% | +0.07 |
| FAST Fastenal Co. | Add +747.0% | 0.08% | +0.07 |
| BAC Bank of America Corp. | Add +27.0% | 0.43% | +0.06 |
| SIVR Abrdn Physical Silver Shares | Add +33.3% | 0.20% | +0.06 |
| SLV iShares Silver Trust | Add +34.4% | 0.19% | +0.06 |
| ANET Arista Networks Inc. | Add +6.0% | 0.29% | +0.06 |
| SMH Vaneck Semiconductor ETF | New | 0.06% | +0.06 |
| ORCL Oracle Corp. | Add +1.7% | 0.63% | +0.06 |
| AIG American International Group | Add +779.3% | 0.07% | +0.06 |
| NVDA Nvidia Corp. | Add +1.6% | 4.67% | +0.06 |
| GEV GE Vernova Inc. | Add +236.1% | 0.08% | +0.06 |
| IDXX Idexx Laboratories Inc. | Add +342.3% | 0.07% | +0.05 |
| WBD Warner Bros Discovery Inc. | Add +2.6% | 0.15% | +0.05 |
| KEYS Keysight Technologies Inc. | Add +93.7% | 0.11% | +0.05 |
| CTVA Corteva Inc. | Add +135.0% | 0.11% | +0.05 |
| MU Micron Technology Inc. | Add +10.2% | 0.22% | +0.05 |
| AVGO Broadcom Inc. | Add +1.9% | 1.66% | +0.05 |
| SNPS Synopsys Inc. | Add +67.6% | 0.17% | +0.05 |
| DELL Dell Technologies -C | Add +149.4% | 0.08% | +0.04 |
| ALL Allstate Corp. | Add +72.8% | 0.12% | +0.04 |
| BSX Boston Scientific Corp. | Add +194.3% | 0.08% | +0.04 |
| HEWJ Isha Curr Hedged MSCI Japan | New | 0.04% | +0.04 |
| IBKR Interactive Brokers Gro Class A | Add +70.6% | 0.10% | +0.04 |
| ACWI iShares MSCI Acwi ETF | Add +19.4% | 0.53% | +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 |