Bilbao Vizcaya Argentaria Banco portfolio

What changed this quarter

705 positions with a change (50 new, 224 added to, 391 trimmed, 40 sold); also, 5 exited through an acquisition or merger, 2 entered through a spin-off. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• State Str Spdr S&P 500 ETF T−18%fewer sharesReduced
  19.2% → 16.3%
• iShares Core S&P 500 ETF+82%more sharesIncreased
  1.3% → 3.0%
• NVIDIA−21%fewer sharesReduced
  5.9% → 4.8%
• SPDR Gold Shares ETF−75%fewer sharesReduced
  1.4% → 0.3%
• State Street Financial Select Sector ETF+4,233%more sharesIncreased
  under 0.1% → 0.7%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• State Str Spdr S&P 500 ETF TSPY16.3%
• NVIDIANVDA4.8%
• AlphabetGOOGL · GOOG4.4%
• AppleAAPL3.9%
• MicrosoftMSFT3.4%
• iShares Core S&P 500 ETFIVV3.0%
• Amazon.comAMZN2.5%
• BroadcomAVGO2.3%
• Micron TechnologyMU2.1%
• State Street SPDR BB 1-3m T-bill ETFBIL2.1%
• Meta PlatformsMETA1.7%
• Advanced Micro DevicesAMD1.5%
• Lam ResearchLRCX1.0%
• iShares 0-1 Year Treasury BO ETFSHV1.0%
• Vanguard S/t Corp Bond ETFVCSH1.0%
• KLAKLAC0.9%
• Applied MaterialsAMAT0.9%
• Polestar Automotive Holding UKPSNY0.8%
• iShares Semiconductor ETFSOXX0.7%
• VisaV0.7%
• SandiskSNDK0.7%
• Invesco QQQ Trust Series 1 ETFQQQ0.7%
• State Street Financial Select Sector ETFXLF0.7%
• Eli LillyLLY0.7%
• NetflixNFLX0.7%
• iShares Msci Acwi ETFACWI0.7%
• Cisco SystemsCSCO0.6%
• IntelINTC0.6%
• CorningGLW0.5%
• MastercardMA0.5%
• iShares Silver Trust ETFSLV0.5%
• WalmartWMT0.5%
• AbbVieABBV0.5%
• iShares 3-7 Year Treasury BO ETFIEI0.5%
• Walt DisneyDIS0.5%
• State Street Health Care Select Sector ETFXLV0.4%
• IsharesEWT0.4%
• Abrdn Silver ETF TrustSIVR0.4%
• Analog DevicesADI0.4%
• Western DigitalWDC0.4%
• Arista NetworksANET0.4%
• iShares Msci India ETFINDA0.4%
• Marvell TechnologyMRVL0.4%
• IsharesEWI0.4%
• MercadoLibreMELI0.4%
• Berkshire HathawayBRK/B0.4%
• Alibaba Group HoldingBABA0.3%
• JPMorgan ChaseJPM0.3%
• QualcommQCOM0.3%
• OracleORCL0.3%
• CitigroupC0.3%
• Bank of AmericaBAC0.3%
• Coinbase GlobalCOIN0.3%
• MerckMRK0.3%
• Nextera EnergyNEE0.3%
• iShares Core U.s. Aggregate ETFAGG0.3%
• Gilead SciencesGILD0.3%
• SPDR Gold Shares ETFGLD0.3%
• Constellation EnergyCEG0.3%
• Texas InstrumentsTXN0.3%
• iShares Msci China ETFMCHI0.3%
• UBER TechnologiesUBER0.3%
• Booking HoldingsBKNG0.3%
• Goldman Sachs GroupGS0.3%
• Palantir TechnologiesPLTR0.3%
• SalesforceCRM0.3%
• Palo Alto NetworksPANW0.3%
• AppLovinAPP0.3%
• J P Morgan Exchange Traded FundBBUS0.2%
• General MotorsGM0.2%
• International Business MachinesIBM0.2%
• TeslaTSLA0.2%
• iShares 1-3 Year Treasury BO ETFSHY0.2%
• FortinetFTNT0.2%
• iShares Russell 2000 ETFIWM0.2%
• UnitedHealth GroupUNH0.2%
• AmgenAMGN0.2%
• TJXTJX0.2%
• IsharesEWZ0.2%
• Vanguard ESG US Corp Bond ETFVCEB0.2%
• AmphenolAPH0.2%
• Vanguard International Equity Index FVT0.2%
• IsharesEWY0.2%
• CrowdStrike HoldingsCRWD0.2%
• Morgan StanleyMS0.2%
• NikeNKE0.2%
• iShares 20+ Year Treasury BD ETFTLT0.2%
• Thermo Fisher ScientificTMO0.2%
• NewmontNEM0.2%
• CVS HealthCVS0.2%
• Bristol-myers SquibbBMY0.2%
• Vanguard International Equity Index FVGK0.2%
• US Bancorp \de\USB0.2%
• Wells FargoWFC0.2%
• Verizon CommunicationsVZ0.2%
• AdobeADBE0.2%
• Bank of New York MellonBNY0.2%
• American ExpressAXP0.2%
• PfizerPFE0.2%