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BBVA Asset Management, S.A., S.G.I.I.C
Belén Blanco · Asset Manager · Multi-Strategy
BBVA Asset Management, S.A., S.G.I.I.C. is the specialized investment management arm of the BBVA Group, a global financial services provider with roots dating back to the 19th century. Headquartered in Spain, the firm is a leader in the mutual fund and pension industries across Europe and Latin America, managing a diverse range of vehicles including SICAVs and institutional portfolios. With over 40 years of experience, the institution provides global investment solutions by combining centralized research capabilities with deep local market expertise. It is particularly noted for its commitment to sustainable finance and the integration of environmental, social, and governance criteria into its long-term investment processes.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +18.5% |
| YTD return | +16.0% |
| Sharpe ratio | 3.88 |
| Win rate | 45% |
| AUM | $7.5B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $7.5B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.bbvaassetmanagement.com |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| TELFY | TELFY | 16.0% | -0.0% |
| NVDA | NVIDIA Corporation | 11.3% | +16.1% |
| MSFT | Microsoft Corporation | 9.8% | +3.9% |
| AAPL | Apple Inc | 9.8% | +27.5% |
| GOOGL | Alphabet Inc Class A | 9.0% | +36.1% |
| AMZN | Amazon.com Inc | 5.8% | +10.6% |
| AVGO | Broadcom Inc | 4.7% | +3.4% |
| META | Meta Platforms Inc. | 4.2% | -1.2% |
| MU | Micron Technology Inc | 3.9% | +20.3% |
| SAN | Banco Santander SA ADR | 3.2% | -1.9% |
| HSBC | HSBC Holdings PLC ADR | 2.9% | -1.8% |
| ASML | ASML Holding NV ADR | 2.9% | -4.0% |
| AMD | Advanced Micro Devices Inc | 2.8% | +40.5% |
| BBVA | Banco Bilbao Viscaya Argentaria SA ADR | 2.8% | -2.3% |
| TTE | TotalEnergies SE ADR | 2.1% | +1.0% |
| IBDRY | Iberdrola SA | 1.8% | 0.0% |
| BTI | British American Tobacco p.l.c. | 1.8% | +1.1% |
| NWG | Natwest Group PLC | 1.7% | +3.6% |
| AZN | AstraZeneca PLC | 1.7% | -5.1% |
| V | Visa Inc. Class A | 1.7% | +5.1% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 14, 2026 | BUY | NWG | 1.8% → 1.7% |
| Sep 14, 2026 | SELL | NVDA | 11.3% → 11.3% |
| Sep 14, 2026 | BUY | ASML | 3.1% → 2.9% |
| Sep 14, 2026 | BUY | AMD | 2.6% → 2.8% |
| Sep 14, 2026 | BUY | AMZN | 6.0% → 5.8% |
Investment Style Analysis
BBVA Asset Management, S.A., S.G.I.I.C is widely recognized for employing a Multi-Strategy strategy. As of Sep 18, 2026, the firm oversees approximately $7.5B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductors and Other sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 14, BBVA Asset Management, S.A., S.G.I.I.C made a significant move by increasing exposure to NWG. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The firm's investment philosophy is based on the conviction that markets are not perfectly efficient, which creates opportunities for active management. Its strategy is built on three core pillars: disciplined idea generation, rigorous portfolio construction, and transparency. BBVA Asset Management emphasizes strategic asset allocation and the search for asymmetric return profiles, prioritizing risk management and downside protection. The institution integrates quantitative models with fundamental analysis and has a strong focus on sustainability, aiming to align its portfolios with net-zero emissions targets by 2050 while utilizing alternative risk premiums to enhance long-term performance.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with BBVA Asset Management, S.A., S.G.I.I.C.
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Frequently asked questions
How is the simulated portfolio for BBVA Asset Management, S.A., S.G.I.I.C constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is BBVA Asset Management, S.A., S.G.I.I.C's largest holding?
As of the latest filing, BBVA Asset Management, S.A., S.G.I.I.C's top position is TELFY (TELFY), representing 16.0% of the portfolio. This reflects a high-conviction bet by the institution.
What is BBVA Asset Management, S.A., S.G.I.I.C's historical performance and risk profile?
Our simulation indicates a total return of +18.5% with a win rate of 45%. Notably, the portfolio maintains a Sharpe Ratio of 3.88, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does BBVA Asset Management, S.A., S.G.I.I.C primarily invest in?
BBVA Asset Management, S.A., S.G.I.I.C has a strong preference for the Semiconductors sector, which makes up 22.7% of their disclosed assets. The portfolio also has exposure to Other, indicating a specific thematic focus.
Is BBVA Asset Management, S.A., S.G.I.I.C's portfolio concentrated or diversified?
BBVA Asset Management, S.A., S.G.I.I.C runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 37.1% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has BBVA Asset Management, S.A., S.G.I.I.C performed in 2026?
Our AI-simulated model portfolio for BBVA Asset Management, S.A., S.G.I.I.C tracks a Year-to-Date (YTD) return of +16.0%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Belén Blanco manage BBVA Asset Management, S.A., S.G.I.I.C directly?
Yes, Belén Blanco serves as the key portfolio manager for BBVA Asset Management, S.A., S.G.I.I.C, overseeing the investment strategy and final capital allocation decisions.