Banco Bilbao Vizcaya Argentaria, S.A. - Depositary Receipt (Common Stock)
US ˙ NYSE ˙ US05946K1016

SecurityBBVA / Banco Bilbao Vizcaya Argentaria, S.A. - Depositary Receipt (Common Stock)
InstitutionMorgan Stanley
Latest Disclosed Ownership12,903,320 shares
Latest Disclosed Value $ 279,485,993
Morgan Stanley reports 7.69% increase in ownership of BBVA / Banco Bilbao Vizcaya Argentaria, S.A. - Depositary Receipt (Common Stock)

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 12,903,320 shares of Banco Bilbao Vizcaya Argentaria, S.A. - Depositary Receipt (Common Stock) (US:BBVA) valued at $279,485,911 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 11,981,661 shares of Banco Bilbao Vizcaya Argentaria, S.A. - Depositary Receipt (Common Stock). This represents a change in shares of 7.69% during the quarter. The current value of the position is $292,260,198 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 12,903,320 921,659 7.69 279,486 0.07 0.0168
2026-05-27 2025-12-31 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 11,981,661 -281,743 -2.30 279,293 18.31 0.0167
2026-02-13 2025-12-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 11,981,661 -281,743 279,293 0.0167
2026-05-27 2025-09-30 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 12,263,404 -260,708 -2.08 236,071 22.64 0.0143
2025-11-14 2025-09-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 12,263,404 -260,708 236,071 0.0143
2025-08-15 2025-06-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 12,524,112 -439,443 -3.39 192,496 9.02 0.0125
2025-05-15 2025-03-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 12,963,555 402,380 3.20 176,564 44.61 0.0126
2025-05-15 2024-12-31 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 12,561,175 -672,713 -5.08 122,095 -14.89 0.0086
2025-02-14 2024-12-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 12,561,175 -672,713 122,095 0.0086
2025-05-14 2024-09-30 13F/A-2 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 13,233,888 1,897,540 16.74 143,455 26.17 0.0104
2025-02-14 2024-09-30 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 13,233,888 1,897,540 143,455 0.0104
2024-11-14 2024-09-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 13,233,888 1,897,540 143,455 0.0012
2025-05-14 2024-06-30 13F/A-2 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 11,336,348 917,752 8.81 113,704 -7.83 0.0088
2024-10-17 2024-06-30 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 11,336,348 917,752 113,704 0.0088
2024-08-14 2024-06-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 11,336,348 917,752 113,704 0.0088
2024-10-17 2024-03-31 13F/A-2 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 10,418,596 17,694 0.17 123,356 30.19 0.0099
2024-08-16 2024-03-31 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 10,418,596 17,694 123,356 0.0012
2024-05-15 2024-03-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 10,418,596 17,694 123,356 0.0099
2024-08-16 2023-12-31 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 10,400,902 54,903 0.53 94,752 13.77 0.0083
2024-02-13 2023-12-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 10,400,902 54,903 94,752 0.0083
2023-11-15 2023-09-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 10,345,999 117,641 1.15 83,285 6.02 0.0085
2023-08-14 2023-06-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 10,228,358 233,940 2.34 78,554 11.49 0.0077
2023-05-15 2023-03-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 9,994,418 -157,198 -1.55 70,461 15.49 0.0076
2023-02-14 2022-12-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 10,151,616 -288,207 -2.76 61,011 31.33 0.0069
2022-11-14 2022-09-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 10,439,823 1,704,254 19.51 46,457 17.66 0.0063
2022-10-27 2022-06-30 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 8,735,569 8,081,977 1,236.55 39,484 961.68 0.0051
2022-08-15 2022-06-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 8,735,569 8,081,977 39,484 0.0051
2022-10-27 2022-03-31 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 653,592 -127,046 -16.27 3,719 -18.83 0.0005
2022-05-13 2022-03-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 653,592 -127,046 3,719 0.0005
2022-02-14 2021-12-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 780,638 394,414 102.12 4,582 80.04 0.0006
2021-11-15 2021-09-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 386,224 -117,032 -23.25 2,545 -18.59 0.0003
2021-08-23 2021-06-30 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 503,256 152,497 43.48 3,126 70.73 0.0004
2021-08-16 2021-06-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 503,256 152,497 3,126 0.0001
2021-05-17 2021-03-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 350,759 3,701 1.07 1,831 6.76 0.0003
2021-02-16 2020-12-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 347,058 180,104 107.88 1,715 274.45 0.0003
2020-11-13 2020-09-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 166,954 -1,264,841 -88.34 458 -90.59 0.0001
2020-08-14 2020-06-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 1,431,795 -3,748,033 -72.36 4,869 -69.28 0.0011
2020-05-26 2020-03-31 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 5,179,828 -2,530,780 -32.82 15,850 -63.16 0.0043
2020-05-15 2020-03-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 5,179,828 -2,530,780 15,850 1,217.6104
2020-02-14 2019-12-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 7,710,608 5,411,235 235.34 43,026 259.84 0.0100
2019-11-14 2019-09-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 2,299,373 145,354 6.75 11,957 -0.17 0.0032
2019-08-14 2019-06-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 2,154,019 1,229,829 133.07 11,977 126.19 0.0032
2019-05-15 2019-03-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 924,190 196,419 26.99 5,295 37.57 0.0015
2019-02-14 2018-12-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 727,771 -4,756,465 -86.73 3,849 -88.86 0.0012
2019-04-23 2018-09-30 13F/A-2 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 5,484,236 -7,786,538 -58.67 34,551 -62.81 0.0086
2018-11-20 2018-09-30 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 5,484,236 0 34,551 0.0086
2018-11-14 2018-09-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 5,484,236 -7,786,538 34,551
2019-04-23 2018-06-30 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 13,270,774 -3,218,242 -19.52 92,895 -28.69 0.0251
2018-08-14 2018-06-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 13,270,774 -3,218,242 92,895
2019-04-23 2018-03-31 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 16,489,016 -334,664 -1.99 130,263 -8.91 0.0362
2018-05-14 2018-03-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 16,489,016 -334,664 130,263
2019-04-23 2017-12-31 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 16,823,680 13,554,447 414.61 142,999 390.38 0.0391
2018-02-14 2017-12-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 16,823,680 13,554,447 142,999
2017-11-14 2017-09-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 3,269,233 -2,896,316 -46.98 29,161 -43.42 0.0087
2017-08-11 2017-06-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 6,165,549 820,420 15.35 51,543 26.72 0.0156
2017-05-22 2017-03-31 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 5,345,129 343,494 6.87 40,676 20.13 0.0125
2017-05-12 2017-03-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 5,345,129 40,676
2017-02-22 2016-12-31 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 5,001,635 -1,611,818 -24.37 33,861 -14.09 0.0111
2017-02-13 2016-12-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 5,001,635 33,861
2016-11-10 2016-09-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 6,613,453 539,228 8.88 39,416 13.05 0.0135
2016-08-12 2016-06-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 6,074,225 661,144 12.21 34,867 -1.21 0.0126
2016-05-12 2016-03-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 5,413,081 951,481 21.33 35,293 7.92 0.0136
2016-02-09 2015-12-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 4,461,600 -342,589 -7.13 32,703 -18.67 0.0118
2016-02-08 2015-09-30 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 4,804,189 549,786 12.92 40,211 -4.24 0.0149
2015-11-09 2015-09-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 4,804,189 40,211
2015-08-12 2015-06-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 4,254,403 1,418,980 50.04 41,990 47.64 0.0146
2015-05-14 2015-03-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 2,835,423 986,019 53.32 28,440 63.77 0.0105
2015-02-13 2014-12-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 1,849,404 398,485 27.46 17,366 -0.26 0.0064
2014-12-16 2014-09-30 13F/A-1 BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 1,450,919 41,830 2.97 17,411 -3.24 0.0067
2014-11-14 2014-09-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 1,450,919 17,411
2014-08-12 2014-06-30 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 1,409,089 786,389 126.29 17,994 140.59 0.0308
2014-05-13 2014-03-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 622,700 -74,342 -10.67 7,479 -13.40 0.0031
2014-02-13 2013-12-31 13F BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 697,042 -399,976 -36.46 8,636 -29.59 0.0037
2013-11-13 2013-09-30 13F BANCO BILBAO VIZCAYA ARGENT ADRS 05946K101 1,097,018 830,042 310.91 12,265 446.08 0.0058
2013-08-08 2013-06-30 13F BANCO BILBAO VIZCAYA ARGENT ADRS 05946K101 266,976 266,976 2,246 0.0011
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.