BBVA Discloses $349M+ in Alphabet Holdings, Significant US Equity Stakes
Ticker: BBVXF · Form: 13F-HR · Filed: Feb 13, 2024 · CIK: 842180
Complexity: simple
Sentiment: bullish
Topics: institutional-holdings, equity-investments, portfolio-disclosure, q4-2023
Related Tickers: GOOGL, GOOG, BABA, ABBV, MMM
TL;DR
**BBVA's 13F shows big bets on Alphabet and other US equities as of Q4 2023.**
AI Summary
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) filed its 13F-HR on February 13, 2024, disclosing its equity holdings as of December 31, 2023. The filing reveals significant positions in major U.S. companies, including 1,381,062 shares of Alphabet Inc. (GOOGL) valued at $192,918,305 and 1,111,546 shares of Alphabet Inc. (GOOG) valued at $156,589,557. BBVA also held 709,962 shares of Alibaba Group Holding Ltd ADR (BABA) worth $54,935,264 and 376,877 shares of AbbVie Inc (ABBV) valued at $58,400,802. This matters to investors as it provides transparency into BBVA's investment strategy and its confidence in these specific U.S. and international equities, potentially signaling a bullish outlook on these sectors.
Why It Matters
This filing offers a look into BBVA's investment strategy, revealing its significant exposure to major tech and pharmaceutical companies, which can influence market sentiment for these stocks.
Risk Assessment
Risk Level: medium — The risk is medium due to the concentration in large-cap tech and pharma, which, while generally stable, are still subject to market volatility.
Analyst Insight
Investors should note BBVA's strong conviction in Alphabet and other major U.S. equities, which could signal a positive outlook on these companies' future performance. This could be a signal to research these specific holdings further.
Key Numbers
- $192,918,305 — Alphabet Inc. (GOOGL) holding value (Represents BBVA's largest disclosed position by value as of December 31, 2023.)
- 1,381,062 SH — Alphabet Inc. (GOOGL) shares (The number of Class C shares of Alphabet Inc. held by BBVA.)
- $156,589,557 — Alphabet Inc. (GOOG) holding value (Represents BBVA's second largest disclosed position by value as of December 31, 2023.)
- 1,111,546 SH — Alphabet Inc. (GOOG) shares (The number of Class A shares of Alphabet Inc. held by BBVA.)
- 709,962 SH — Alibaba Group Holding Ltd ADR shares (The number of ADRs for Alibaba held by BBVA, valued at $54,935,264.)
Key Players & Entities
- BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (company) — filer of the 13F-HR
- Maria Angeles Pelaez Moron (person) — Chief Accounting Officer for BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
- Alphabet Inc. (company) — significant holding in BBVA's portfolio
- Alibaba Group Holding Ltd (company) — significant holding in BBVA's portfolio
- AbbVie Inc (company) — significant holding in BBVA's portfolio
- $192,918,305 (dollar_amount) — value of Alphabet Inc. (GOOGL) shares held by BBVA
- $156,589,557 (dollar_amount) — value of Alphabet Inc. (GOOG) shares held by BBVA
- $54,935,264 (dollar_amount) — value of Alibaba Group Holding Ltd ADR shares held by BBVA
- $58,400,802 (dollar_amount) — value of AbbVie Inc shares held by BBVA
Forward-Looking Statements
- BBVA will maintain or increase its significant holdings in Alphabet Inc. (GOOGL and GOOG) in its next 13F filing. (Alphabet Inc.) — medium confidence, target: Q1 2024 13F filing (May 2024)
- BBVA's investment strategy will continue to favor large-cap U.S. technology and pharmaceutical companies. (U.S. large-cap equities) — high confidence, target: Next 13F filing
FAQ
What was the total value of BANCO BILBAO VIZCAYA ARGENTARIA, S.A.'s holdings in Alphabet Inc. (both GOOG and GOOGL) as of December 31, 2023?
As of December 31, 2023, BANCO BILBAO VIZCAYA ARGENTARIA, S.A. held Alphabet Inc. (GOOGL) shares valued at $192,918,305 and Alphabet Inc. (GOOG) shares valued at $156,589,557, totaling $349,507,862 across both classes.
Which specific subsidiaries or entities within BANCO BILBAO VIZCAYA ARGENTARIA, S.A. are listed as having definitive voting authority (DFND) for the AbbVie Inc. shares?
The filing indicates that BBVA ASSET MANAGEMENT S.A. SGIIC, BBVA Asset Management Mexico, and Garanti Asset Management, along with the primary entity, BANCO BILBAO VIZCAYA ARGENTARIA SA, had definitive voting authority (DFND) for the 376,877 shares of AbbVie Inc.
What was the total number of shares held by BANCO BILBAO VIZCAYA ARGENTARIA, S.A. in 3M Co. as of the reporting period?
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. held 156,310 shares of 3M Co. Common Stock as of December 31, 2023, with a reported value of $17,077,777.
When was this 13F-HR filing submitted to the SEC?
This 13F-HR filing was submitted to the SEC on February 13, 2024, as indicated by the 'FILED AS OF DATE: 20240213' and '02-13-2024' in the document.
What is the business address listed for BANCO BILBAO VIZCAYA ARGENTARIA, S.A. in the filing?
The business address listed for BANCO BILBAO VIZCAYA ARGENTARIA, S.A. is CALLE AZUL 4, MADRID, U3, 28050.
Filing Stats: 474 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-02-13 06:31:03
Filing Documents
- primary_doc.html (13F-HR)
- primary_doc.xml (13F-HR) — 4KB
- 30098.html (INFORMATION TABLE)
- 30098.xml (INFORMATION TABLE) — 324KB
- 0000950123-24-001633.txt ( ) — 330KB
From the Filing
SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment Amendment Number: This Amendment (Check only one.): is a restatement. adds new holdings entries. Institutional Investment Manager Filing this Report: Name: BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Address: CALLE AZUL 4 Madrid , U3 28050 Form 13F File Number: 028-19997 CRD Number (if applicable): 1-10110 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Maria Angeles Pelaez Moron Title: Chief Accounting Officer Phone: 0034915373764 Signature, Place, and Date of Signing: /s/ Maria Angeles Pelaez Moron Madrid , U3 02-13-2024 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 12 Form 13F Information Table Entry Total: 658 Form 13F Information Table Value Total: 7,146,036,206 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] No. Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK 1 BANCO BILBAO VIZCAYA ARGENTARIA SA 1-10110 2 BBVA ASSET MANAGEMENT S.A. SGIIC 3 BBVA Asset Management Continental 4 BBVA Asset Management Mexico 5 BBVA FIDUCIARIA 6 BBVA MEXICO SA INSTITUCION DE BANCA MULTIPLE GRUPO 7 BBVA SEGUROS MEXICO SA DE CV GRUPO FINANCIERO BBVA 8 BILBAO VIZCAYA HOLDING SAU 9 GARANTI YATIRIM ORTAKLIGI AS 10 Garanti Asset Management 11 PROPEL VENTURE PARTNERS GLOBAL US, LP 12 PROPEL VENTURE PARTNERS US FUND I, L.P.