BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Long book
$14.29B
Q1 2026
Positions
726
Top-10 weight
45%
concentration
Last quarter
+15.0%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsBANCO BILBAO VIZCAYA ARGENTARIA, S.A. is an institutional manager, running a $14.29B US long book across 726 positions.
The portfolio is moderately concentrated (top 10 ≈ 45% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, NVIDIA CORP, APPLE INC, MICROSOFT CORP, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.6%
Q2 2024
+4.8%
Q3 2024
+2.2%
Q4 2024
-4.7%
Q1 2025
+12.0%
Q2 2025
+8.9%
Q3 2025
+3.1%
Q4 2025
-4.6%
Q1 2026
+15.0%
Sector allocation
Technology 51%
Financials 10%
Consumer discretionary 9%
Services media 7%
Healthcare 7%
Industrials 6%
Other 3%
Energy 2%
Long book by quarter
What does BANCO BILBAO own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 4.8M | $837.1M | 5.9% | +6.8% |
| AAPL APPLE INC | Technology | 2.1M | $528.8M | 3.7% | -6.8% |
| MSFT MICROSOFT CORP | Technology | 1.4M | $523.3M | 3.7% | +18.7% |
| GOOGL ALPHABET INC-CL A | Technology | 1.3M | $362.8M | 2.5% | -3.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.6M | $324.9M | 2.3% | +18.2% |
| AVGO BROADCOM INC | Technology | 1.0M | $315.4M | 2.2% | +16.8% |
| META META PLATFORMS INC-CLASS A | Technology | 548.3K | $310.9M | 2.2% | +14.7% |
| GOOG ALPHABET INC-CL C | Technology | 681.4K | $195.4M | 1.4% | -24.5% |
| NFLX NETFLIX INC | Services media | 1.4M | $132.1M | 0.9% | +27.0% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 749.3K | $108.9M | 0.8% | +28.3% |
| V VISA INC-CLASS A SHARES | Services media | 358.5K | $108.1M | 0.8% | +23.0% |
| MU MICRON TECHNOLOGY INC | Technology | 315.2K | $105.4M | 0.7% | +69.6% |
| LLY ELI LILLY & CO | Healthcare | 100.1K | $91.7M | 0.6% | +59.3% |
| WMT WALMART INC | Consumer discretionary | 680.1K | $84.4M | 0.6% | -5.8% |
| MA MASTERCARD INC - A | Services media | 164.2K | $81.8M | 0.6% | +10.5% |
| LRCX LAM RESEARCH CORP | Industrials | 379.8K | $81.0M | 0.6% | +7.7% |
| JPM JPMORGAN CHASE & CO | Financials | 261.2K | $76.8M | 0.5% | -3.1% |
| ABBV ABBVIE INC | Healthcare | 336.3K | $73.1M | 0.5% | -0.1% |
| DIS WALT DISNEY CO/THE | Services media | 754.6K | $72.5M | 0.5% | -7.8% |
| KLAC KLA CORP | Other | 48.8K | $71.7M | 0.5% | +11.0% |
| CSCO CISCO SYSTEMS INC | Technology | 892.7K | $69.2M | 0.5% | -4.1% |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 388.8K | $66.3M | 0.5% | +25.9% |
| AMAT APPLIED MATERIALS INC | Technology | 194.0K | $66.1M | 0.5% | +91.0% |
| AMD ADVANCED MICRO DEVICES | Technology | 309.9K | $62.9M | 0.4% | -2.1% |
| WFC WELLS FARGO & CO | Financials | 771.1K | $61.3M | 0.4% | +4.5% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 250.2K | $60.6M | 0.4% | -2.4% |
| TSLA TESLA INC | Industrials | 156.5K | $57.7M | 0.4% | -37.9% |
| GLW CORNING INC | Industrials | 423.6K | $57.4M | 0.4% | -6.9% |
| GS GOLDMAN SACHS GROUP INC | Financials | 67.0K | $56.4M | 0.4% | +31.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 115.8K | $55.4M | 0.4% | -14.5% |
| ORCL ORACLE CORP | Technology | 374.8K | $54.7M | 0.4% | +20.1% |
| GILD GILEAD SCIENCES INC | Healthcare | 368.6K | $51.3M | 0.4% | -35.7% |
| MELI MERCADOLIBRE INC | Services media | 30.0K | $50.9M | 0.4% | +40.4% |
| ADI ANALOG DEVICES INC | Technology | 156.4K | $49.7M | 0.3% | +102.9% |
| MRK MERCK & CO. INC. | Healthcare | 407.3K | $49.0M | 0.3% | -13.4% |
| INTC INTEL CORP | Technology | 1.1M | $48.2M | 0.3% | -20.2% |
| BAC BANK OF AMERICA CORP | Financials | 966.3K | $46.9M | 0.3% | +5.1% |
| ANET ARISTA NETWORKS INC | Technology | 359.4K | $44.1M | 0.3% | +20.6% |
| C CITIGROUP INC | Financials | 387.1K | $43.7M | 0.3% | +108.7% |
| BKNG BOOKING HOLDINGS INC | Industrials | 9.6K | $40.3M | 0.3% | +6.0% |
| NEE NEXTERA ENERGY INC | Utilities | 423.5K | $39.2M | 0.3% | -13.4% |
| T AT&T INC | Communications | 1.4M | $39.2M | 0.3% | +7.2% |
| INTU INTUIT INC | Technology | 87.6K | $37.8M | 0.3% | +23.8% |
| CRM SALESFORCE INC | Technology | 193.1K | $35.9M | 0.3% | +5.9% |
| TJX TJX COMPANIES INC | Consumer discretionary | 222.7K | $35.5M | 0.2% | -2.1% |
| QCOM QUALCOMM INC | Technology | 272.7K | $35.1M | 0.2% | -6.6% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 699.3K | $35.1M | 0.2% | -1.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 35.0K | $34.8M | 0.2% | +16.0% |
| AMGN AMGEN INC | Healthcare | 95.2K | $33.5M | 0.2% | -41.6% |
| CEG CONSTELLATION ENERGY | Utilities | 120.8K | $33.4M | 0.2% | +191.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 726 | $14.29B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 724 | $14.35B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 727 | $13.07B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 691 | $11.03B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 719 | $9.93B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 690 | $9.52B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 706 | $10.00B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ANEW HOLDINGS | Nov 12, 2024 | 66 | $1.64B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 662 | $7.90B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ANEW HOLDINGS | Nov 12, 2024 | 71 | $1.34B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 688 | $7.38B | canonical | SEC ↗ |
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