Banco Santander, S.A.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Banco Santander, S.A. reported 476 stock positions worth $9.1 billion. Its top holding was Banco Santander Brasil-ADS (BSBR) at 27.0% of the portfolio, followed by Ferrovial (FER, 3.3%) and Nvidia (NVDA, 3.2%). Compared with Q4 2024, it opened 72 new positions, sold out of 43, added to 269 and reduced 105. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +384%) and the biggest sale Invesco S&P 500 Equal Weight (RSP, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- Madrid, U3
- CIK
- 0000891478
- Portfolio Value
- $9.1B (Q1 2025)
- SEC Filing
- 0000891478-25-000087 ↗ filed May 9, 2025
Holdings Value
Holdings 476 stocks · $9.1B
| BSBR Banco Santander Brasil-ADS | 27.04% | 520,218,168 | $2.5B | No change |
| FER Ferrovial NV | 3.31% | 6,675,188 | $299.8M | Reduce -9.6% |
| NVDA Nvidia Corp. | 3.19% | 2,666,381 | $289.0M | Add +15.0% |
| MSFT Microsoft Corp. | 3.05% | 736,654 | $276.5M | Add +9.5% |
| NRG NRG Energy Inc. | 2.99% | 2,835,000 | $270.6M | Add +0.3% |
| RACE Ferrari NV | 2.65% | 560,999 | $240.0M | Add +35.3% |
| AAPL Apple Inc. | 2.64% | 1,075,461 | $238.9M | Add +7.8% |
| AMZN Amazon.com Inc. | 2.25% | 1,071,532 | $203.9M | Add +13.1% |
| META Meta Platforms Inc. Class A | 1.66% | 260,496 | $150.1M | Add +25.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.59% | 257,843 | $144.2M | Add +23.3% |
| COTY Coty Inc. Class A | 1.40% | 23,112,758 | $126.4M | No change |
| VOO Vanguard S&P 500 ETF | 1.32% | 233,475 | $120.0M | Add +383.7% |
| GOOGL Alphabet Inc. Class A | 1.28% | 751,249 | $116.2M | Add +15.9% |
| STLA Stellantis NV | 1.20% | 9,715,593 | $108.9M | Add +33.9% |
| JPM JPMorgan Chase & Co. | 0.99% | 364,658 | $89.5M | Add +6.6% |
| QQQM Invesco Nasdaq 100 ETF | 0.99% | 463,120 | $89.4M | Reduce -6.8% |
| V Visa Inc. Class A | 0.90% | 232,667 | $81.5M | Add +13.4% |
| GOOG Alphabet Inc. Class C | 0.89% | 517,869 | $80.9M | Add +4.5% |
| TSLA Tesla Inc. | 0.84% | 294,601 | $76.3M | Add +16.3% |
| AVGO Broadcom Inc. | 0.75% | 406,576 | $68.1M | Add +43.9% |
| MA Mastercard Inc. Class A | 0.68% | 113,174 | $62.0M | Reduce -1.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.67% | 1,444,695 | $60.3M | Add +66.8% |
| WMT Walmart Inc. | 0.66% | 677,013 | $59.4M | Add +10.2% |
| GLD SPDR Gold Shares | 0.65% | 204,763 | $59.0M | Add +4.6% |
| LLY Eli Lilly & Co. | 0.64% | 70,210 | $58.0M | Reduce -11.3% |
| NFLX Netflix Inc. | 0.61% | 59,362 | $55.4M | Reduce -17.1% |
| XOM Exxon Mobil Corp. | 0.55% | 420,303 | $50.0M | Add +2.2% |
| HD Home Depot Inc. | 0.53% | 130,025 | $47.7M | Add +4.2% |
| EPC Edgewell Personal Care Co. | 0.49% | 1,421,633 | $44.4M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.48% | 87,286 | $43.4M | Add +14.0% |
| CRM Salesforce Inc. | 0.48% | 161,240 | $43.3M | Add +15.8% |
| VCIT Vanguard Int-Term Corporate | 0.48% | 529,123 | $43.3M | Add +235.1% |
| MS Morgan Stanley | 0.47% | 361,950 | $42.2M | Add +25.6% |
| ICE Intercontinental Exchange Inc. | 0.45% | 237,892 | $41.0M | Add +16.5% |
| C Citigroup Inc. | 0.45% | 576,602 | $40.9M | Reduce -6.4% |
| QCOM Qualcomm Inc. | 0.45% | 265,255 | $40.7M | Add +21.3% |
| NOW ServiceNow Inc. | 0.43% | 49,098 | $39.1M | Add +56.1% |
| RSP Invesco S&P 500 Equal Weight | 0.41% | 216,685 | $37.5M | Reduce -59.2% |
| URTH iShares MSCI World ETF | 0.41% | 241,080 | $36.9M | Reduce -8.9% |
| IVV iShares Core S&P 500 ETF | 0.39% | 63,335 | $35.6M | Add +76.0% |
| ORCL Oracle Corp. | 0.39% | 253,482 | $35.4M | Add +118.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.39% | 75,125 | $35.2M | Add +100.2% |
| KO The Coca-Cola Co. | 0.39% | 487,511 | $34.9M | Add +14.0% |
| DNUT Krispy Kreme Inc. | 0.38% | 6,916,972 | $34.0M | No change |
| CME Cme Group Inc. | 0.36% | 123,085 | $32.7M | Reduce -15.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.34% | 64,028 | $31.0M | Add +32.9% |
| TMUS T-Mobile US Inc. | 0.34% | 114,886 | $30.6M | Add +4.5% |
| PG The Procter & Gamble Co. | 0.33% | 175,494 | $29.9M | Add +17.6% |
| COIN Coinbase Global Inc. Class A | 0.32% | 170,283 | $29.3M | Reduce -9.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.32% | 54,012 | $28.8M | Add +48.7% |
| BKNG Booking Holdings Inc. | 0.32% | 6,222 | $28.7M | Add +22.9% |
| MRK Merck & Co. Inc. | 0.31% | 316,913 | $28.4M | Reduce -37.5% |
| ISRG Intuitive Surgical Inc. | 0.31% | 57,063 | $28.3M | Add +8.1% |
| PFE Pfizer Inc. | 0.31% | 1,100,506 | $27.9M | Add +8.7% |
| ACWI iShares MSCI Acwi ETF | 0.30% | 237,074 | $27.6M | Add +18.6% |
| UNH Unitedhealth Group Inc. | 0.30% | 51,956 | $27.2M | Add +12.0% |
| ADBE Adobe Inc. | 0.30% | 70,371 | $27.0M | Reduce -28.9% |
| WM Waste Management Inc. | 0.30% | 115,952 | $26.8M | Reduce -1.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.29% | 107,083 | $26.6M | Reduce -17.8% |
| CAT Caterpillar Inc. | 0.29% | 80,534 | $26.6M | Reduce -16.8% |
| IEI iShares 3-7 Year Treasury Bo | 0.29% | 223,929 | $26.5M | Add +1.6% |
| CL Colgate-Palmolive Co. | 0.29% | 277,472 | $26.0M | Add +88.0% |
| IEF iShares 7-10 Year Treasury B | 0.29% | 272,328 | $26.0M | Add +30.7% |
| CMCSA Comcast Corp. Class A | 0.29% | 700,126 | $25.8M | Add +10.0% |
| UBER Uber Technologies Inc. | 0.28% | 345,529 | $25.2M | Reduce -36.1% |
| MSI Motorola Solutions Inc. | 0.27% | 56,069 | $24.5M | Add +6.2% |
| SPG Simon Property Group Inc. | 0.27% | 147,640 | $24.5M | Add +101.3% |
| PGR Progressive Corp. | 0.27% | 86,637 | $24.5M | Reduce -21.6% |
| GS Goldman Sachs Group Inc. | 0.27% | 44,701 | $24.4M | Reduce -13.7% |
| PM Philip Morris International | 0.26% | 148,233 | $23.5M | Add +42.2% |
| ADSK Autodesk Inc. | 0.26% | 89,251 | $23.4M | Add +109.7% |
| CSCO Cisco Systems Inc. | 0.25% | 362,407 | $22.4M | Add +16.4% |
| CVX Chevron Corp. | 0.24% | 131,412 | $22.0M | Add +24.4% |
| SPAB SS SPDR P Agg Bond ETF | 0.24% | 858,673 | $21.9M | Add +0.3% |
| PH Parker Hannifin Corp. | 0.24% | 35,645 | $21.7M | Add +70.2% |
| CTAS Cintas Corp. | 0.24% | 105,303 | $21.6M | Reduce -0.7% |
| SNOW Snowflake Inc. | 0.24% | 147,419 | $21.5M | Reduce -35.4% |
| ITRI Itron Inc. | 0.23% | 203,000 | $21.3M | Add +2.5% |
| IQV Iqvia Holdings Inc. | 0.23% | 119,292 | $21.0M | New |
| AGRO Adecoagro SA | 0.23% | 1,875,000 | $20.9M | Reduce -76.0% |
| HCA HCA Healthcare Inc. | 0.23% | 59,953 | $20.7M | Add +7.8% |
| WAB Wabtec Corp. | 0.22% | 110,760 | $20.1M | Add +15.6% |
| FTNT Fortinet Inc. | 0.21% | 200,886 | $19.3M | Add +7.7% |
| AMD Advanced Micro Devices | 0.20% | 176,177 | $18.1M | Add +70.6% |
| ABBV Abbvie Inc. | 0.20% | 86,026 | $18.0M | Add +17.1% |
| SHW The Sherwin-Williams Co. | 0.20% | 51,428 | $18.0M | Add +1.4% |
| GILD Gilead Sciences Inc. | 0.20% | 159,844 | $17.9M | Add +12.9% |
| DB Deutsche Bank AG-Registered | 0.19% | 732,388 | $17.5M | Reduce -9.2% |
| EEM iShares MSCI Emerging Market | 0.19% | 395,341 | $17.3M | Add +163.7% |
| BA The Boeing Co. | 0.19% | 99,016 | $16.9M | Add +24.3% |
| EWJ iShares MSCI Japan ETF | 0.18% | 243,734 | $16.7M | Add +13.7% |
| LRCX Lam Research Corp. | 0.18% | 226,900 | $16.5M | Add +29.9% |
| SYK Stryker Corp. | 0.18% | 42,897 | $16.0M | Reduce -32.4% |
| ELV Elevance Health Inc. | 0.18% | 36,522 | $15.9M | Add +2.1% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.17% | 265,244 | $15.5M | Add +766.5% |
| USIG iShares Broad Usd Investment | 0.17% | 293,601 | $15.0M | Add +178.3% |
| VT Vanguard Tot World STK ETF | 0.16% | 125,682 | $14.6M | Add +227.3% |
| ECL Ecolab Inc. | 0.16% | 56,440 | $14.3M | Reduce -1.9% |
| ADI Analog Devices Inc. | 0.15% | 69,544 | $14.0M | Add +1149.0% |
| VWO Vanguard Ftse Emerging Marke | 0.15% | 307,770 | $13.9M | New |
Portfolio Sells Q4 2024 → Q1 2025
| RSP Invesco S&P 500 Equal Weight | Reduce -59.2% | 0.41% | −0.71 |
| AGRO Adecoagro SA | Reduce -76.0% | 0.23% | −0.66 |
| FER Ferrovial NV | Reduce -9.6% | 3.31% | −0.42 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.29 |
| MRK Merck & Co. Inc. | Reduce -37.5% | 0.31% | −0.29 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -6.8% | 0.99% | −0.27 |
| COIN Coinbase Global Inc. Class A | Reduce -9.5% | 0.32% | −0.24 |
| ADBE Adobe Inc. | Reduce -28.9% | 0.30% | −0.23 |
| MRSH Marsh & McLennan Cos | Reduce -92.6% | 0.02% | −0.20 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -55.6% | 0.14% | −0.20 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.19 |
| SNOW Snowflake Inc. | Reduce -35.4% | 0.24% | −0.19 |
| AMAT Applied Materials Inc. | Reduce -45.0% | 0.14% | −0.17 |
| KR Kroger Co. | Reduce -63.5% | 0.10% | −0.17 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -61.5% | 0.09% | −0.16 |
| NFLX Netflix Inc. | Reduce -17.1% | 0.61% | −0.16 |
| MU Micron Technology Inc. | Reduce -62.8% | 0.08% | −0.15 |
| MANH Manhattan Associates Inc. | Sold out | 0.00% | −0.14 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -83.5% | 0.03% | −0.14 |
| CAT Caterpillar Inc. | Reduce -16.8% | 0.29% | −0.13 |
| AMT American Tower Corp. | Reduce -97.7% | 0.00% | −0.12 |
| UBER Uber Technologies Inc. | Reduce -36.1% | 0.28% | −0.11 |
| GWW WW Grainger Inc. | Sold out | 0.00% | −0.11 |
| CPT Camden Property Trust | Sold out | 0.00% | −0.11 |
| OSK Oshkosh Corp. | Sold out | 0.00% | −0.11 |
| SYK Stryker Corp. | Reduce -32.4% | 0.18% | −0.10 |
| LLY Eli Lilly & Co. | Reduce -11.3% | 0.64% | −0.10 |
| URTH iShares MSCI World ETF | Reduce -8.9% | 0.41% | −0.09 |
| GS Goldman Sachs Group Inc. | Reduce -13.7% | 0.27% | −0.09 |
| FOXA Fox Corp. Class A | Reduce -40.4% | 0.14% | −0.08 |
| TRV The Travelers Cos Inc. | Reduce -39.2% | 0.12% | −0.07 |
| C Citigroup Inc. | Reduce -6.4% | 0.45% | −0.07 |
| RGA Reinsurance Group of America | Reduce -38.3% | 0.07% | −0.07 |
| XLV SS Health Care Select Sector | Reduce -58.5% | 0.04% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -17.8% | 0.29% | −0.05 |
| OTIS Otis Worldwide Corp. | Reduce -55.4% | 0.04% | −0.05 |
| CME Cme Group Inc. | Reduce -15.9% | 0.36% | −0.05 |
| PGR Progressive Corp. | Reduce -21.6% | 0.27% | −0.05 |
| SPEM State Street SP PTF Em ETF | Reduce -24.3% | 0.11% | −0.05 |
| CI The Cigna Group | Reduce -90.4% | 0.01% | −0.05 |
| USFR Wisdomtree Floating Rate Tre | Reduce -47.2% | 0.04% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -1.2% | 0.68% | −0.04 |
| XSMO Invesco S&P Smallcap Momentu | Sold out | 0.00% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Reduce -9.2% | 0.12% | −0.04 |
| FLOT iShares Floating Rate Bond E | Reduce -77.2% | 0.01% | −0.04 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -5.1% | 0.13% | −0.03 |
| EME Emcor Group Inc. | Reduce -62.6% | 0.01% | −0.03 |
| HAL Halliburton Co. | Reduce -5.6% | 0.13% | −0.03 |
| ILF iShares Latin America 40 ETF | Reduce -45.0% | 0.04% | −0.03 |
| FANG Diamondback Energy Inc. | Reduce -9.0% | 0.13% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| VOO Vanguard S&P 500 ETF | Add +383.7% | 1.32% | +1.01 |
| RACE Ferrari NV | Add +35.3% | 2.65% | +0.53 |
| VCIT Vanguard Int-Term Corporate | Add +235.1% | 0.48% | +0.32 |
| IQV Iqvia Holdings Inc. | New | 0.23% | +0.23 |
| BAC Bank of America Corp. | Add +66.8% | 0.67% | +0.21 |
| META Meta Platforms Inc. Class A | Add +25.8% | 1.66% | +0.20 |
| ORCL Oracle Corp. | Add +118.8% | 0.39% | +0.16 |
| QQQ Invesco QQQ Trust Series 1 | Add +100.2% | 0.39% | +0.16 |
| VWO Vanguard Ftse Emerging Marke | New | 0.15% | +0.15 |
| EEMV iShares MSCI Emg MKT Min Vol | Add +766.5% | 0.17% | +0.15 |
| ADI Analog Devices Inc. | Add +1149.0% | 0.15% | +0.14 |
| APH Amphenol Corp. Class A | New | 0.14% | +0.14 |
| IVV iShares Core S&P 500 ETF | Add +76.0% | 0.39% | +0.14 |
| TJX TJX Companies Inc. | Add +1197.0% | 0.15% | +0.14 |
| COF Capital One Financial Corp. | New | 0.13% | +0.13 |
| CL Colgate-Palmolive Co. | Add +88.0% | 0.29% | +0.13 |
| V Visa Inc. Class A | Add +13.4% | 0.90% | +0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +48.7% | 0.32% | +0.12 |
| SPG Simon Property Group Inc. | Add +101.3% | 0.27% | +0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +23.3% | 1.59% | +0.12 |
| DD Dupont DE Nemours Inc. | New | 0.12% | +0.12 |
| EEM iShares MSCI Emerging Market | Add +163.7% | 0.19% | +0.12 |
| VRTX Vertex Pharmaceuticals Inc. | Add +32.9% | 0.34% | +0.11 |
| PM Philip Morris International | Add +42.2% | 0.26% | +0.11 |
| VT Vanguard Tot World STK ETF | Add +227.3% | 0.16% | +0.11 |
| ADSK Autodesk Inc. | Add +109.7% | 0.26% | +0.11 |
| USIG iShares Broad Usd Investment | Add +178.3% | 0.17% | +0.10 |
| DASH DoorDash Inc. Class A | Add +1631.7% | 0.11% | +0.10 |
| VTR Ventas Inc. | Add +699.9% | 0.11% | +0.10 |
| ICE Intercontinental Exchange Inc. | Add +16.5% | 0.45% | +0.09 |
| GLD SPDR Gold Shares | Add +4.6% | 0.65% | +0.08 |
| NI Nisource Inc. | New | 0.08% | +0.08 |
| PH Parker Hannifin Corp. | Add +70.2% | 0.24% | +0.08 |
| PCAR Paccar Inc. | Add +2681.2% | 0.08% | +0.08 |
| CNC Centene Corp. | Add +203.7% | 0.12% | +0.07 |
| IRM Iron Mountain Inc. | New | 0.07% | +0.07 |
| VTIP Vanguard Short-Term Tips | New | 0.07% | +0.07 |
| LNG Cheniere Energy Inc. | Add +200.8% | 0.11% | +0.07 |
| KO The Coca-Cola Co. | Add +14.0% | 0.39% | +0.07 |
| STLA Stellantis NV | Add +33.9% | 1.20% | +0.06 |
| TPR Tapestry Inc. | New | 0.06% | +0.06 |
| L Loews Corp. | New | 0.06% | +0.06 |
| DAL Delta Air Lines Inc. | Add +2569.1% | 0.06% | +0.06 |
| CVX Chevron Corp. | Add +24.4% | 0.24% | +0.06 |
| GLPI Gaming and Leisure Propertie | New | 0.06% | +0.06 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +166.3% | 0.09% | +0.06 |
| IEF iShares 7-10 Year Treasury B | Add +30.7% | 0.29% | +0.05 |
| SEIC Sei Investments Company | Add +158.5% | 0.09% | +0.05 |
| EPP iShares MSCI Pacific Ex Japa | New | 0.05% | +0.05 |
| AMD Advanced Micro Devices | Add +70.6% | 0.20% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 509 | $16.1B | BSBR, MSFT, NVDA, FER, AAPL |
| Q1 2026 | 468 | $12.4B | BSBR, MSFT, FER, NVDA, TTE |
| Q4 2025 | 458 | $13.4B | BSBR, FER, NVDA, MSFT, AAPL |
| Q3 2025 | 470 | $11.3B | BSBR, NVDA, MSFT, AMZN, AAPL |
| Q2 2025Amended | 479 | $10.5B | BSBR, NVDA, MSFT, NRG, RACE |
| Q1 2025 | 476 | $9.1B | BSBR, FER, NVDA, MSFT, NRG |
| Q4 2024 | 447 | $8.3B | BSBR, NVDA, FER, MSFT, NRG |
| Q3 2024 | 443 | $8.5B | BSBR, MSFT, NVDA, NRG, AAPL |
| Q2 2024 | 402 | $8.1B | BSBR, MSFT, NVDA, COTY, NRG |
| Q1 2024 | 417 | $8.3B | BSBR, MSFT, RACE, COTY, NVDA |