Banco Santander, S.A.
Long book
$12.40B
Q1 2026
Positions
470
Top-10 weight
52%
concentration
Last quarter
+6.2%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsBanco Santander, S.A. is an institutional manager, running a $12.40B US long book across 470 positions.
The portfolio is concentrated: the top 10 names carry 52% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: BANCO SANTANDER BRASIL-ADS, MICROSOFT CORP, FERROVIAL NV, NVIDIA CORP, TOTALENERGIES SE.
Over the last 9 quarters its long book ran on average 1.6pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.2%
Q2 2024
+5.9%
Q3 2024
-7.5%
Q4 2024
+2.4%
Q1 2025
+15.1%
Q2 2025
+6.2%
Q3 2025
+4.5%
Q4 2025
-3.8%
Q1 2026
+6.2%
Sector allocation
Technology 37%
Industrials 19%
Financials 9%
Energy 8%
Consumer discretionary 7%
Healthcare 6%
Services media 4%
Other 3%
Long book by quarter
What does Banco Santander, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 1.8M | $679.8M | 5.5% | +77.5% |
| FER FERROVIAL NV | Industrials | 8.7M | $584.4M | 4.7% | -9.9% |
| NVDA NVIDIA CORP | Technology | 2.6M | $459.7M | 3.7% | -8.6% |
| TTE TOTALENERGIES SE | Energy | 4.2M | $379.3M | 3.1% | -8.7% |
| AAPL APPLE INC | Technology | 1.4M | $355.9M | 2.9% | -14.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.4M | $292.2M | 2.4% | -16.1% |
| GOOGL ALPHABET INC-CL A | Technology | 718.4K | $206.6M | 1.7% | -7.9% |
| RACE FERRARI NV | Industrials | 548.8K | $187.9M | 1.5% | -14.6% |
| META META PLATFORMS INC-CLASS A | Technology | 308.4K | $176.5M | 1.4% | -38.8% |
| GOOG ALPHABET INC-CL C | Technology | 554.6K | $159.1M | 1.3% | -7.2% |
| JPM JPMORGAN CHASE & CO | Financials | 523.6K | $154.0M | 1.2% | +10.0% |
| AVGO BROADCOM INC | Technology | 480.0K | $148.6M | 1.2% | -40.4% |
| LLY ELI LILLY & CO | Healthcare | 116.2K | $106.9M | 0.9% | +3.2% |
| XOM EXXON MOBIL CORP | Energy | 584.5K | $99.2M | 0.8% | +15.5% |
| NFLX NETFLIX INC | Services media | 945.2K | $90.9M | 0.7% | +13.3% |
| CAT CATERPILLAR INC | Industrials | 121.0K | $85.7M | 0.7% | +16.6% |
| KO COCA-COLA CO/THE | Consumer staples | 1.1M | $80.5M | 0.6% | +45.2% |
| C CITIGROUP INC | Financials | 677.2K | $76.8M | 0.6% | +4.8% |
| WMT WALMART INC | Consumer discretionary | 595.6K | $74.0M | 0.6% | -26.7% |
| TSLA TESLA INC | Industrials | 197.1K | $73.3M | 0.6% | -54.8% |
| STLA STELLANTIS NV | Industrials | 9.7M | $72.2M | 0.6% | -49.0% |
| V VISA INC-CLASS A SHARES | Services media | 238.9K | $72.2M | 0.6% | -10.6% |
| MS MORGAN STANLEY | Financials | 417.7K | $68.7M | 0.6% | +0.2% |
| MU MICRON TECHNOLOGY INC | Technology | 203.0K | $68.6M | 0.6% | -11.7% |
| MA MASTERCARD INC - A | Services media | 115.8K | $57.9M | 0.5% | -4.1% |
| LRCX LAM RESEARCH CORP | Industrials | 265.2K | $56.7M | 0.5% | -11.5% |
| CVX CHEVRON CORP | Energy | 271.3K | $56.1M | 0.5% | +7.8% |
| BAC BANK OF AMERICA CORP | Financials | 1.1M | $53.7M | 0.4% | +5.6% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 108.4K | $50.0M | 0.4% | +4.9% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 807.8K | $49.0M | 0.4% | -2.0% |
| COTY COTY INC-CL A | Other | 23.1M | $46.5M | 0.4% | Held |
| ORCL ORACLE CORP | Technology | 302.4K | $44.5M | 0.4% | -17.2% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 99.4K | $44.4M | 0.4% | +1.4% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 89.9K | $44.2M | 0.4% | -5.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 90.3K | $43.3M | 0.3% | +8.9% |
| PFE PFIZER INC | Healthcare | 1.5M | $41.3M | 0.3% | -11.6% |
| GILD GILEAD SCIENCES INC | Healthcare | 276.0K | $38.5M | 0.3% | +5.4% |
| GS GOLDMAN SACHS GROUP INC | Financials | 44.6K | $37.7M | 0.3% | -9.6% |
| WM WASTE MANAGEMENT INC | Utilities | 158.8K | $36.5M | 0.3% | -2.1% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 630.3K | $36.3M | 0.3% | +997.2% |
| UBER UBER TECHNOLOGIES INC | Services media | 503.9K | $36.2M | 0.3% | +7.6% |
| WAB WABTEC CORP | Industrials | 144.5K | $36.1M | 0.3% | -18.6% |
| GE GENERAL ELECTRIC | Industrials | 126.6K | $35.9M | 0.3% | -20.3% |
| ANET ARISTA NETWORKS INC | Technology | 285.7K | $35.1M | 0.3% | +258.6% |
| ADI ANALOG DEVICES INC | Technology | 109.7K | $34.9M | 0.3% | -12.6% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 350.5K | $34.7M | 0.3% | -18.3% |
| PG PROCTER & GAMBLE CO/THE | Other | 233.8K | $33.8M | 0.3% | -9.3% |
| CME CME GROUP INC | Financials | 106.9K | $31.6M | 0.3% | +3.9% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 200.3K | $31.5M | 0.3% | -27.1% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 40.6K | $31.4M | 0.3% | +7.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 901 | $12.40B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 901 | $13.35B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 948 | $11.26B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ANEW HOLDINGS | Mar 5, 2026 | 1 | $1.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 1, 2025 | 914 | $10.53B | confidential canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 915 | $9.06B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 832 | $8.31B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 853 | $8.48B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 29, 2024 | 806 | $8.07B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 779 | $8.30B | canonical | SEC ↗ |
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