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Winona Today
By the People, for the People
Banco Bilbao Vizcaya Argentaria S.A. Boosts Stake in Fastenal Company
The Spanish bank increased its holdings in the industrial supply company by 747% in the third quarter.
Mar. 16, 2026 at 8:19am
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Banco Bilbao Vizcaya Argentaria S.A., a major Spanish bank, grew its stake in Fastenal Company (NASDAQ:FAST) by 747% during the third quarter, according to a recent SEC filing. The bank now owns 206,676 shares of the industrial supply company's stock, worth $10.14 million.
Why it matters
Fastenal is a leading distributor of industrial and construction supplies, known for its wide range of fasteners and other products. The significant increase in BBVA's stake suggests the bank sees strong potential in Fastenal's business and future growth prospects.
The details
According to the 13F filing, BBVA purchased an additional 182,275 shares of Fastenal in the third quarter, bringing its total holdings to 206,676 shares. This represents a 747% increase from the prior quarter. Fastenal's stock has seen solid performance, up over 15% in the past year.
- BBVA filed the 13F report disclosing the increased Fastenal stake on March 16, 2026.
- The stake increase occurred during the third quarter of the previous year.
The players
Banco Bilbao Vizcaya Argentaria S.A.
A major Spanish multinational banking and financial services company headquartered in Bilbao, Spain.
Fastenal Company
A wholesale distributor of industrial and construction supplies, best known for its wide range of fasteners and other industrial products.
The takeaway
BBVA's substantial increase in its Fastenal holdings suggests the bank sees strong long-term potential in the industrial supply company, which could signal positive sentiment about Fastenal's business outlook and growth prospects.
