13F-HR: Banco Bilbao Vizcaya Argentaria, S.A. Discloses Q1 2024 13F Holdings

Banco Bilbao Vizcaya Argentaria, S.A. reveals its investment positions as of March 31, 2024, with a total portfolio value of over $7.3 billion.

Summary

• Banco Bilbao Vizcaya Argentaria, S.A. filed its Form 13F for the quarter ended March 31, 2024.
• The total value of holdings reported is $7,377,115,753.
• The filing includes holdings from 12 different managers.
• The top holdings include Microsoft Corp ($439,006,589), NVIDIA Corp ($325,316,052), and Alphabet Inc ($252,054,758 and $204,300,891).
• Other significant holdings include iShares Short Treasury Bond ETF ($186,610,271), Facebook Inc ($178,648,388), and Coinbase Global Inc ($177,148,871).

Sentiment

Score: 7

Explanation: The document is a routine holdings disclosure, indicating a neutral sentiment. The portfolio's composition suggests a balanced approach to risk and growth.

Positives

• The portfolio is well-diversified across various sectors and asset classes.
• The fund has significant holdings in leading technology companies like Microsoft, NVIDIA, and Alphabet.
• The inclusion of short-term treasury bond ETFs suggests a focus on liquidity and risk management.
• The fund has exposure to international markets through ETFs like iShares MSCI ACWI ETF and Vanguard FTSE Europe ETF.

Risks

• The portfolio's significant concentration in technology stocks exposes it to sector-specific risks.
• Holdings in international ETFs are subject to geopolitical and currency risks.
• Investments in volatile assets like Coinbase Global Inc could lead to significant fluctuations in portfolio value.

Industry Context

This filing provides insight into the investment strategy of a major international bank, reflecting current market trends and sector preferences among large institutional investors.

Comparison to Industry Standards

• The portfolio's allocation to technology stocks is consistent with the broader trend of institutional investors favoring growth-oriented sectors.
• The inclusion of short-term treasury bond ETFs aligns with common risk management strategies employed by large asset managers.
• Compared to other global investment firms like BlackRock or Vanguard, BBVA's portfolio reflects a similar focus on diversification and exposure to both domestic and international markets.

Stakeholder Impact

• Shareholders can use this information to understand the investment strategy of Banco Bilbao Vizcaya Argentaria, S.A.
• The holdings reflect the bank's view on various companies and sectors, potentially influencing market sentiment.

Key Dates