Banco Bilbao Vizcaya Argentaria, S.A.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Banco Bilbao Vizcaya Argentaria, S.A. reported 724 stock positions worth $14.4 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 15.2% of the portfolio, followed by Nvidia (NVDA, 5.9%) and Apple (AAPL, 4.2%). Compared with Q3 2025, it opened 28 new positions, sold out of 32, added to 357 and reduced 328. The biggest buy was Nvidia (NVDA, shares +39%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- Madrid, U3
- CIK
- 0000842180
- Portfolio Value
- $14.4B (Q4 2025)
- SEC Filing
- 0001193125-26-054033 ↗ filed Feb 17, 2026
Holdings Value
Holdings 724 stocks · $14.4B
| SPY SS SPDR S&P 500 ETF Trust-US | 15.22% | 3,186,896 | $2.2B | Add +9.9% |
| NVDA Nvidia Corp. | 5.92% | 4,535,908 | $849.8M | Add +38.6% |
| AAPL Apple Inc. | 4.25% | 2,239,057 | $609.3M | Reduce -9.7% |
| MSFT Microsoft Corp. | 4.03% | 1,194,041 | $578.0M | Add +2.4% |
| GOOGL Alphabet Inc. Class A | 2.87% | 1,316,317 | $412.3M | Reduce -6.7% |
| META Meta Platforms Inc. Class A | 2.20% | 478,145 | $316.1M | Add +3.2% |
| AMZN Amazon.com Inc. | 2.14% | 1,326,094 | $306.6M | Reduce -0.0% |
| AVGO Broadcom Inc. | 2.11% | 874,300 | $302.8M | Add +32.7% |
| GOOG Alphabet Inc. Class C | 1.97% | 902,470 | $283.2M | Reduce -4.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.75% | 2,741,333 | $251.0M | Add +16.9% |
| IVV iShares Core S&P 500 ETF | 1.14% | 237,461 | $163.2M | Reduce -31.3% |
| GLD SPDR Gold Shares | 1.12% | 403,937 | $160.9M | Add +1.5% |
| POLESTAR AUTOMOTIVE HLDG UK | 1.12% | 7,755,946 | $160.2M | New |
| VCSH Vanguard S/T Corp. Bond ETF | 1.10% | 1,979,951 | $158.2M | Add +23.9% |
| SHV iShares 0-1 Year Treasury Bo | 1.02% | 1,331,705 | $147.0M | Add +7.0% |
| IWM iShares Russell 2000 ETF | 0.88% | 513,755 | $126.8M | Add +28.0% |
| TSLA Tesla Inc. | 0.79% | 252,005 | $114.0M | Add +20.5% |
| PLTR Palantir Technologies Inc. Class A | 0.72% | 583,904 | $104.0M | Add +20.4% |
| XLK SS Technology Select Sector | 0.72% | 711,921 | $102.7M | Reduce -6.5% |
| V Visa Inc. Class A | 0.71% | 291,559 | $102.4M | Reduce -15.8% |
| NFLX Netflix Inc. | 0.71% | 1,088,081 | $102.2M | Add +162.9% |
| EWP iShares MSCI Spain ETF | 0.70% | 1,870,139 | $101.1M | New |
| ACWI iShares MSCI Acwi ETF | 0.66% | 671,572 | $95.3M | Add +33.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.65% | 818,435 | $93.2M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 0.61% | 269,500 | $86.9M | Add +1.5% |
| MA Mastercard Inc. Class A | 0.59% | 148,681 | $85.0M | Reduce -15.3% |
| XLC SS Comm Select Sector SPDR | 0.58% | 708,970 | $83.7M | Add +5.9% |
| WMT Walmart Inc. | 0.56% | 721,638 | $80.4M | Reduce -10.3% |
| ABBV Abbvie Inc. | 0.54% | 336,613 | $77.0M | Reduce -5.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.53% | 256,460 | $76.0M | Add +11.5% |
| SIVR Abrdn Physical Silver Shares | 0.51% | 1,060,062 | $73.1M | Add +76.7% |
| SLV iShares Silver Trust | 0.50% | 1,103,897 | $72.4M | Add +82.5% |
| CSCO Cisco Systems Inc. | 0.50% | 930,632 | $71.7M | Add +0.2% |
| EWZ iShares MSCI Brazil ETF | 0.49% | 2,218,204 | $70.5M | Add +19.2% |
| GILD Gilead Sciences Inc. | 0.49% | 573,509 | $70.4M | Reduce -0.2% |
| COIN Coinbase Global Inc. Class A | 0.49% | 308,762 | $70.3M | Add +11.6% |
| WFC Wells Fargo & Co. | 0.48% | 737,676 | $68.8M | Reduce -3.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.48% | 135,493 | $68.3M | Add +12.2% |
| AMD Advanced Micro Devices | 0.47% | 316,528 | $68.1M | Reduce -7.0% |
| LLY Eli Lilly & Co. | 0.47% | 62,810 | $67.6M | Reduce -12.8% |
| ORCL Oracle Corp. | 0.42% | 312,213 | $60.9M | Add +6.8% |
| LRCX Lam Research Corp. | 0.42% | 352,699 | $60.4M | Add +10.8% |
| IEI iShares 3-7 Year Treasury Bo | 0.40% | 480,586 | $57.5M | Add +57.5% |
| BABA Alibaba Group Holding-SP ADR | 0.38% | 375,874 | $55.2M | Add +27.6% |
| APP AppLovin Corp. Class A | 0.37% | 79,405 | $53.7M | Add +1.3% |
| KLAC KLA Corp. | 0.37% | 43,981 | $53.5M | Add +19.8% |
| AMGN Amgen Inc. | 0.37% | 162,989 | $53.4M | Add +93.2% |
| MU Micron Technology Inc. | 0.37% | 185,900 | $53.2M | Add +5.7% |
| VT Vanguard Tot World STK ETF | 0.36% | 371,400 | $52.4M | Add +47.9% |
| MS Morgan Stanley | 0.36% | 293,552 | $52.2M | Add +81.8% |
| INTC Intel Corp. | 0.36% | 1,389,576 | $51.7M | Add +13.8% |
| ADBE Adobe Inc. | 0.36% | 146,909 | $51.4M | Reduce -2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.35% | 919,080 | $50.6M | Reduce -16.5% |
| EWY iShares MSCI South Korea ETF | 0.35% | 518,819 | $50.6M | Reduce -37.0% |
| QCOM Qualcomm Inc. | 0.35% | 291,874 | $50.0M | Reduce -3.3% |
| MRK Merck & Co. Inc. | 0.35% | 470,498 | $49.6M | Reduce -9.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.34% | 78,645 | $48.6M | Add +10.6% |
| BKNG Booking Holdings Inc. | 0.34% | 9,046 | $48.5M | Reduce -1.0% |
| CRM Salesforce Inc. | 0.34% | 182,327 | $48.4M | Reduce -27.1% |
| RSP Invesco S&P 500 Equal Weight | 0.33% | 245,595 | $47.1M | Add +346.9% |
| INTU Intuit Inc. | 0.33% | 70,819 | $47.0M | Add +1.6% |
| COF Capital One Financial Corp. | 0.32% | 188,331 | $45.6M | Reduce -2.2% |
| GS Goldman Sachs Group Inc. | 0.31% | 51,059 | $45.0M | Reduce -8.1% |
| MELI MercadoLibre Inc. | 0.30% | 21,370 | $43.1M | Add +105.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.30% | 93,837 | $42.6M | Reduce -4.4% |
| NOW ServiceNow Inc. | 0.30% | 276,321 | $42.4M | Reduce -13.6% |
| GLW Corning Inc. | 0.28% | 455,025 | $39.9M | Reduce -9.5% |
| NEE Nextera Energy Inc. | 0.27% | 488,997 | $39.3M | Reduce -25.3% |
| ANET Arista Networks Inc. | 0.27% | 298,144 | $39.1M | Add +15.8% |
| SCHW Schwab (charles) Corp. | 0.25% | 358,554 | $35.8M | Reduce -2.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 227,576 | $35.0M | Reduce -1.6% |
| BMY Bristol-Myers Squibb Co. | 0.24% | 641,487 | $34.6M | Reduce -2.3% |
| BBUS JPMorgan Betabuilders US Equ | 0.24% | 277,288 | $34.3M | New |
| AXP American Express Co. | 0.23% | 87,952 | $32.6M | Add +2.8% |
| T AT&T Inc. | 0.22% | 1,260,369 | $31.3M | Reduce -2.6% |
| UNH Unitedhealth Group Inc. | 0.22% | 94,651 | $31.3M | Add +28.1% |
| PFE Pfizer Inc. | 0.21% | 1,203,350 | $30.0M | Reduce -31.9% |
| VGK Vanguard Ftse Europe ETF | 0.20% | 347,600 | $29.2M | Reduce -2.3% |
| VZ Verizon Communications Inc. | 0.20% | 710,908 | $29.0M | Add +0.9% |
| VCEB Vanguard ESG US Corp. Bond | 0.20% | 447,906 | $28.6M | Add +11.3% |
| WBD Warner Bros Discovery Inc. | 0.20% | 971,021 | $28.0M | Reduce -2.7% |
| NEM Newmont Corp. | 0.19% | 278,973 | $27.9M | Reduce -2.9% |
| REGN Regeneron Pharmaceuticals | 0.19% | 36,038 | $27.8M | Reduce -4.2% |
| TLT iShares 20+ Year Treasury BD | 0.19% | 311,806 | $27.2M | Add +7.8% |
| UBER Uber Technologies Inc. | 0.19% | 331,257 | $27.1M | Add +33.6% |
| GM General Motors Co. | 0.19% | 332,676 | $27.1M | Reduce -20.8% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.19% | 701,054 | $27.0M | Reduce -27.5% |
| EMB iShares JP Morgan Usd Emergi | 0.19% | 275,479 | $26.6M | No change |
| PYPL PayPal Holdings Inc. | 0.18% | 447,851 | $26.2M | Reduce -23.6% |
| AMAT Applied Materials Inc. | 0.18% | 101,592 | $26.1M | Add +0.2% |
| COST Costco Wholesale Corp. | 0.18% | 30,173 | $26.1M | Reduce -29.3% |
| ISRG Intuitive Surgical Inc. | 0.18% | 45,903 | $26.0M | Reduce -4.3% |
| VTIP Vanguard Short-Term Tips | 0.18% | 524,963 | $26.0M | Add +24.8% |
| BIIB Biogen Inc. | 0.18% | 146,951 | $25.9M | Add +6.0% |
| HOOD Robinhood Markets Inc. Class A | 0.18% | 226,706 | $25.7M | Add +20.1% |
| SYK Stryker Corp. | 0.18% | 71,853 | $25.3M | Add +15.5% |
| MCHI iShares MSCI China ETF | 0.18% | 419,271 | $25.2M | Reduce -41.1% |
| MCD McDonald's Corp. | 0.17% | 82,017 | $25.1M | Reduce -11.2% |
| ADSK Autodesk Inc. | 0.17% | 83,449 | $24.7M | Add +0.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.17% | 51,704 | $24.3M | Reduce -8.4% |
Portfolio Sells Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | Reduce -31.3% | 1.14% | −0.63 |
| AAPL Apple Inc. | Reduce -9.7% | 4.25% | −0.58 |
| EEM iShares MSCI Emerging Market | Reduce -84.1% | 0.10% | −0.55 |
| XLF SS Financial Select Sector | Reduce -93.2% | 0.03% | −0.50 |
| EWT iShares MSCI Taiwan ETF | Reduce -91.8% | 0.02% | −0.23 |
| EWC iShares MSCI Canada ETF | Reduce -85.6% | 0.04% | −0.22 |
| LOW Lowe's Cos Inc. | Reduce -47.2% | 0.17% | −0.19 |
| V Visa Inc. Class A | Reduce -15.8% | 0.71% | −0.19 |
| MCHI iShares MSCI China ETF | Reduce -41.1% | 0.18% | −0.18 |
| MA Mastercard Inc. Class A | Reduce -15.3% | 0.59% | −0.17 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.16 |
| NOW ServiceNow Inc. | Reduce -13.6% | 0.30% | −0.15 |
| EWY iShares MSCI South Korea ETF | Reduce -37.0% | 0.35% | −0.15 |
| PFE Pfizer Inc. | Reduce -31.9% | 0.21% | −0.13 |
| EWI iShares MSCI Italy ETF | Sold out | 0.00% | −0.13 |
| JNJ Johnson & Johnson | Reduce -51.2% | 0.13% | −0.13 |
| CTAS Cintas Corp. | Reduce -86.1% | 0.02% | −0.12 |
| COST Costco Wholesale Corp. | Reduce -29.3% | 0.18% | −0.12 |
| PYPL PayPal Holdings Inc. | Reduce -23.6% | 0.18% | −0.12 |
| CRM Salesforce Inc. | Reduce -27.1% | 0.34% | −0.12 |
| FISV Fiserv Inc. | Reduce -45.6% | 0.04% | −0.11 |
| XLK SS Technology Select Sector | Reduce -6.5% | 0.72% | −0.10 |
| NEE Nextera Energy Inc. | Reduce -25.3% | 0.27% | −0.10 |
| ABBV Abbvie Inc. | Reduce -5.6% | 0.54% | −0.10 |
| WAB Wabtec Corp. | Reduce -92.0% | 0.01% | −0.09 |
| AMZN Amazon.com Inc. | Reduce -0.0% | 2.14% | −0.09 |
| DASH DoorDash Inc. Class A | Reduce -51.9% | 0.05% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -36.4% | 0.10% | −0.08 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -36.6% | 0.11% | −0.08 |
| BAC Bank of America Corp. | Reduce -16.5% | 0.35% | −0.08 |
| EMR Emerson Electric Co. | Reduce -54.1% | 0.06% | −0.08 |
| WMT Walmart Inc. | Reduce -10.3% | 0.56% | −0.07 |
| PGR Progressive Corp. | Reduce -41.1% | 0.07% | −0.07 |
| SLB SLB Ltd. | Reduce -27.5% | 0.19% | −0.07 |
| BKR Baker Hughes Co. | Reduce -16.4% | 0.16% | −0.06 |
| T AT&T Inc. | Reduce -2.6% | 0.22% | −0.06 |
| LULU Lululemon Athletica Inc. | Reduce -83.2% | 0.01% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -25.6% | 0.13% | −0.05 |
| AZO AutoZone Inc. | Reduce -2.5% | 0.11% | −0.05 |
| ADBE Adobe Inc. | Reduce -2.4% | 0.36% | −0.05 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.05 |
| TMUS T-Mobile US Inc. | Reduce -0.4% | 0.16% | −0.05 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -44.6% | 0.05% | −0.05 |
| WMB Williams Cos Inc. | Reduce -35.2% | 0.06% | −0.04 |
| EA Electronic Arts Inc. | Reduce -14.9% | 0.16% | −0.04 |
| AJG Arthur J Gallagher & Co. | Reduce -4.8% | 0.11% | −0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -8.4% | 0.17% | −0.04 |
| DELL Dell Technologies -C | Reduce -45.2% | 0.04% | −0.04 |
| BKNG Booking Holdings Inc. | Reduce -1.0% | 0.34% | −0.04 |
| MCD McDonald's Corp. | Reduce -11.2% | 0.17% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Add +38.6% | 5.92% | +1.25 |
| POLESTAR AUTOMOTIVE HLDG UK | New | 1.12% | +1.12 |
| EWP iShares MSCI Spain ETF | New | 0.70% | +0.70 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +9.9% | 15.22% | +0.50 |
| AVGO Broadcom Inc. | Add +32.7% | 2.11% | +0.45 |
| NFLX Netflix Inc. | Add +162.9% | 0.71% | +0.33 |
| SLV iShares Silver Trust | Add +82.5% | 0.50% | +0.31 |
| SIVR Abrdn Physical Silver Shares | Add +76.7% | 0.51% | +0.31 |
| RSP Invesco S&P 500 Equal Weight | Add +346.9% | 0.33% | +0.25 |
| BBUS JPMorgan Betabuilders US Equ | New | 0.24% | +0.24 |
| AMGN Amgen Inc. | Add +93.2% | 0.37% | +0.19 |
| MS Morgan Stanley | Add +81.8% | 0.36% | +0.17 |
| MU Micron Technology Inc. | Add +5.7% | 0.37% | +0.15 |
| IWM iShares Russell 2000 ETF | Add +28.0% | 0.88% | +0.15 |
| ACWI iShares MSCI Acwi ETF | Add +33.2% | 0.66% | +0.13 |
| MCK McKesson Corp. | Add +420.2% | 0.16% | +0.13 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +23.9% | 1.10% | +0.13 |
| IEI iShares 3-7 Year Treasury Bo | Add +57.5% | 0.40% | +0.12 |
| MELI MercadoLibre Inc. | Add +105.7% | 0.30% | +0.11 |
| UPS United Parcel Service Class B | Add +336.2% | 0.14% | +0.11 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +16.9% | 1.75% | +0.11 |
| VT Vanguard Tot World STK ETF | Add +47.9% | 0.36% | +0.10 |
| EUFN iShares MSCI Europe Financia | New | 0.10% | +0.10 |
| SHOP Shopify Inc. Class A | Add +220.6% | 0.14% | +0.10 |
| LRCX Lam Research Corp. | Add +10.8% | 0.42% | +0.10 |
| CAH Cardinal Health Inc. | Add +375.9% | 0.12% | +0.09 |
| TSLA Tesla Inc. | Add +20.5% | 0.79% | +0.09 |
| ROK Rockwell Automation Inc. | Add +938.0% | 0.09% | +0.08 |
| KVUE Kenvue Inc. | Add +325.9% | 0.11% | +0.08 |
| STZ Constellation Brands Inc. Class A | Add +176.9% | 0.13% | +0.08 |
| KLAC KLA Corp. | Add +19.8% | 0.37% | +0.07 |
| SOXX iShares Semiconductor ETF | Add +103.0% | 0.13% | +0.07 |
| SPG Simon Property Group Inc. | Add +524.6% | 0.08% | +0.06 |
| PSA Public Storage | Add +695.6% | 0.07% | +0.06 |
| CTSH Cognizant Tech Solutions-A | Add +81.8% | 0.11% | +0.06 |
| CEG Constellation Energy | Add +131.2% | 0.10% | +0.06 |
| AFL Aflac Inc. | Add +532.1% | 0.07% | +0.06 |
| SMH Vaneck Semiconductor ETF | Add +85.3% | 0.11% | +0.05 |
| EWZ iShares MSCI Brazil ETF | Add +19.2% | 0.49% | +0.05 |
| MSCI MSCI Inc. | Add +300.5% | 0.07% | +0.05 |
| KMB Kimberly-Clark Corp. | Add +109.8% | 0.14% | +0.05 |
| IDXX Idexx Laboratories Inc. | Add +76.2% | 0.12% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | Add +20.4% | 0.72% | +0.05 |
| INTC Intel Corp. | Add +13.8% | 0.36% | +0.05 |
| GLD SPDR Gold Shares | Add +1.5% | 1.12% | +0.05 |
| NKE Nike Inc. Class B | Add +93.0% | 0.12% | +0.04 |
| SYY Sysco Corp. | Add +157.4% | 0.08% | +0.04 |
| DKNG Draftkings Inc. Class A | Add +443.1% | 0.06% | +0.04 |
| CCI Crown Castle Inc. | Add +68.1% | 0.15% | +0.04 |
| FDX FedEx Corp. | Add +72.7% | 0.09% | +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 |