Banco Bilbao Vizcaya Argentaria S.A. Cuts Stake in Ross Stores, Inc.

The Spanish bank reduced its holdings in the off-price retailer by nearly 10% in the third quarter.

Mar. 17, 2026 at 7:35am

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Banco Bilbao Vizcaya Argentaria S.A., a major Spanish bank, reduced its stake in Ross Stores, Inc. by 9.9% during the third quarter of 2026, according to a recent SEC filing. The bank now owns 61,222 shares of the apparel retailer's stock, worth approximately $9.32 million.

Why it matters

This transaction provides insight into the investment strategies of one of the largest banks in Europe, as it adjusts its portfolio and exposure to the off-price retail sector, which has seen significant growth and disruption in recent years.

The details

In its 13F filing, Banco Bilbao Vizcaya Argentaria S.A. reported selling 6,725 shares of Ross Stores during the third quarter, reducing its total holdings to 61,222 shares. The bank's stake in the apparel retailer was worth $9,322,000 as of the end of the quarter.

  • Banco Bilbao Vizcaya Argentaria S.A. filed its 13F report for the third quarter of 2026.

The players

Banco Bilbao Vizcaya Argentaria S.A.

A major Spanish bank and one of the largest financial institutions in Europe.

Ross Stores, Inc.

An American off-price retailer that operates the Ross Dress for Less and dd's DISCOUNTS store formats, selling brand-name and fashion merchandise at reduced prices.

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The takeaway

This transaction reflects the ongoing shifts in the retail landscape, as investors and financial institutions evaluate the performance and prospects of off-price retailers like Ross Stores, which have been able to thrive in a challenging environment for traditional brick-and-mortar stores.