MADRID (MarketWatch)
Over 800 U.S.-based mutual funds have exposure to Spain, one of Europe's economies that have many investors concerned right now
A total of 807 U.S.-based mutual funds hold $30.2 billion in Spanish stocks, with banks, telecoms and retailers making up the top spots, according to data compiled by Morningstar Research for MarketWatch
All stocks except group Zardoya Otis are in Spain's IBEX 35 of top stocks
Some $10 billion in 460 funds is held by Banco Santander , while 465 funds hold about the same amount worth of Telefonica  and at the number three spot is Zara owner Inditex  held by 250 funds with $2.9 billion worth of shares 
Number four is Banco Bilbao Vizcaya Argentaria funds own $1.24 billion, while holdings worth $1.1 billion of oil giant Repsol YPF is owned by 178 funds
At number five, some $712 million in 148 funds hold utility and renewable energy operator Iberdrola  
Here is a list of the rest of the top-owned stocks: 
Red Electric de Espana held by 131 funds
Gamesa Corporation Tecnologica 
100 funds 
Grifols 
98 funds 
Gas Natural 
95 funds 
Acciona 
94 funds 
Mapfre 
94 funds 
Abertis Infraestructuras 
91 funds 
Gestevision Telecinco 
90 funds 
Ferrovial 
89 funds
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