Banco Santander, S.A.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Banco Santander, S.A. reported 468 stock positions worth $12.4 billion. Its top holding was Banco Santander Brasil-ADS (BSBR) at 24.9% of the portfolio, followed by Microsoft (MSFT, 5.5%) and Ferrovial (FER, 4.7%). Compared with Q4 2025, it opened 68 new positions, sold out of 58, added to 168 and reduced 175. The biggest buy was Microsoft (MSFT, shares +78%) and the biggest sale Meta Platforms Class A (META, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- Madrid, U3
- CIK
- 0000891478
- Portfolio Value
- $12.4B (Q1 2026)
- SEC Filing
- 0000891478-26-000056 ↗ filed May 8, 2026
Holdings Value
Holdings 468 stocks · $12.4B
| BSBR Banco Santander Brasil-ADS | 24.88% | 520,218,168 | $3.1B | No change |
| MSFT Microsoft Corp. | 5.48% | 1,836,327 | $679.8M | Add +77.5% |
| FER Ferrovial NV | 4.71% | 8,720,450 | $584.4M | Reduce -9.9% |
| NVDA Nvidia Corp. | 3.71% | 2,635,890 | $459.7M | Reduce -8.6% |
| TTE Totalenergies SE | 3.06% | 4,224,880 | $379.3M | Reduce -8.7% |
| AAPL Apple Inc. | 2.87% | 1,402,496 | $355.9M | Reduce -14.1% |
| AMZN Amazon.com Inc. | 2.36% | 1,402,980 | $292.2M | Reduce -16.1% |
| GLD SPDR Gold Shares | 1.77% | 509,516 | $219.2M | Add +36.5% |
| GOOGL Alphabet Inc. Class A | 1.67% | 718,414 | $206.6M | Reduce -7.9% |
| RACE Ferrari NV | 1.52% | 548,829 | $187.9M | Reduce -14.6% |
| META Meta Platforms Inc. Class A | 1.42% | 308,441 | $176.5M | Reduce -38.8% |
| GOOG Alphabet Inc. Class C | 1.28% | 554,638 | $159.1M | Reduce -7.2% |
| JPM JPMorgan Chase & Co. | 1.24% | 523,635 | $154.0M | Add +10.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.24% | 235,496 | $153.2M | Add +24.8% |
| AVGO Broadcom Inc. | 1.20% | 480,030 | $148.6M | Reduce -40.4% |
| VOO Vanguard S&P 500 ETF | 1.01% | 209,633 | $125.3M | Reduce -14.7% |
| LLY Eli Lilly & Co. | 0.86% | 116,226 | $106.9M | Add +3.2% |
| XOM Exxon Mobil Corp. | 0.80% | 584,545 | $99.2M | Add +15.5% |
| QQQM Invesco Nasdaq 100 ETF | 0.77% | 402,000 | $95.5M | Reduce -3.6% |
| NFLX Netflix Inc. | 0.73% | 945,230 | $90.9M | Add +13.3% |
| CAT Caterpillar Inc. | 0.69% | 120,995 | $85.7M | Add +16.6% |
| IVV iShares Core S&P 500 ETF | 0.67% | 128,005 | $83.6M | Reduce -12.3% |
| KO The Coca-Cola Co. | 0.65% | 1,058,035 | $80.5M | Add +45.3% |
| URTH iShares MSCI World ETF | 0.64% | 440,262 | $79.3M | Add +44.0% |
| C Citigroup Inc. | 0.62% | 677,198 | $76.8M | Add +4.8% |
| WMT Walmart Inc. | 0.60% | 595,563 | $74.0M | Reduce -26.7% |
| TSLA Tesla Inc. | 0.59% | 197,129 | $73.3M | Reduce -54.8% |
| STLA Stellantis NV | 0.58% | 9,722,932 | $72.2M | Reduce -49.0% |
| V Visa Inc. Class A | 0.58% | 238,879 | $72.2M | Reduce -10.6% |
| MS Morgan Stanley | 0.55% | 417,740 | $68.7M | Add +0.2% |
| MU Micron Technology Inc. | 0.55% | 203,010 | $68.6M | Reduce -11.7% |
| MA Mastercard Inc. Class A | 0.47% | 115,814 | $57.9M | Reduce -4.0% |
| LRCX Lam Research Corp. | 0.46% | 265,218 | $56.7M | Reduce -11.5% |
| CVX Chevron Corp. | 0.45% | 271,279 | $56.1M | Add +7.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.43% | 1,101,475 | $53.7M | Add +5.6% |
| ISRG Intuitive Surgical Inc. | 0.40% | 108,393 | $50.0M | Add +4.9% |
| BMY Bristol-Myers Squibb Co. | 0.40% | 807,784 | $49.0M | Reduce -2.0% |
| ACWI iShares MSCI Acwi ETF | 0.38% | 341,053 | $47.2M | Add +6.2% |
| COTY Coty Inc. Class A | 0.37% | 23,112,758 | $46.5M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.37% | 847,798 | $45.8M | Add +14.7% |
| ORCL Oracle Corp. | 0.36% | 302,380 | $44.5M | Reduce -17.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.36% | 99,388 | $44.4M | Add +1.4% |
| TMO Thermo Fisher Scientific Inc. | 0.36% | 89,937 | $44.2M | Reduce -5.0% |
| RSP Invesco S&P 500 Equal Weight | 0.35% | 228,120 | $43.8M | Add +3.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.35% | 90,295 | $43.3M | Add +8.9% |
| PFE Pfizer Inc. | 0.33% | 1,469,265 | $41.3M | Reduce -11.6% |
| VCIT Vanguard Int-Term Corporate | 0.31% | 471,537 | $39.0M | Add +40.7% |
| GILD Gilead Sciences Inc. | 0.31% | 276,035 | $38.5M | Add +5.4% |
| GS Goldman Sachs Group Inc. | 0.30% | 44,559 | $37.7M | Reduce -9.7% |
| WM Waste Management Inc. | 0.29% | 158,808 | $36.5M | Reduce -2.1% |
| MDLZ Mondelez International Inc. Class A | 0.29% | 630,338 | $36.3M | Add +997.2% |
| UBER Uber Technologies Inc. | 0.29% | 503,900 | $36.2M | Add +7.6% |
| WAB Wabtec Corp. | 0.29% | 144,547 | $36.1M | Reduce -18.6% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.29% | 747,076 | $36.1M | Add +7.2% |
| GE General Electric filed as GE AEROSPACE | 0.29% | 126,613 | $35.9M | Reduce -20.3% |
| ANET Arista Networks Inc. | 0.28% | 285,670 | $35.1M | Add +258.6% |
| ADI Analog Devices Inc. | 0.28% | 109,660 | $34.9M | Reduce -12.6% |
| MRVL Marvell Technology Inc. | 0.28% | 350,526 | $34.7M | Reduce -18.3% |
| WELL Welltower Inc. | 0.28% | 173,789 | $34.4M | Add +5.1% |
| PG The Procter & Gamble Co. | 0.27% | 233,835 | $33.8M | Reduce -9.3% |
| IEI iShares 3-7 Year Treasury Bo | 0.26% | 272,569 | $32.3M | Add +0.2% |
| IEF iShares 7-10 Year Treasury B | 0.26% | 337,380 | $32.2M | Add +78.5% |
| CME Cme Group Inc. | 0.25% | 106,941 | $31.6M | Add +3.9% |
| ICE Intercontinental Exchange Inc. | 0.25% | 200,349 | $31.5M | Reduce -27.1% |
| REGN Regeneron Pharmaceuticals | 0.25% | 40,590 | $31.4M | Add +7.6% |
| SHV iShares 0-1 Year Treasury Bo | 0.25% | 279,368 | $30.8M | Reduce -37.9% |
| ABBV Abbvie Inc. | 0.24% | 138,790 | $30.2M | Reduce -4.7% |
| CSCO Cisco Systems Inc. | 0.24% | 388,925 | $30.2M | Reduce -3.8% |
| IXN iShares Global Tech ETF | 0.24% | 297,216 | $29.7M | New |
| VGK Vanguard Ftse Europe ETF | 0.24% | 360,376 | $29.7M | Reduce -19.6% |
| PH Parker Hannifin Corp. | 0.24% | 33,083 | $29.6M | Reduce -6.5% |
| LHX L3HARRIS Technologies Inc. | 0.24% | 85,218 | $29.4M | Add +7233.7% |
| EIX Edison International | 0.24% | 399,196 | $29.2M | Reduce -0.0% |
| COST Costco Wholesale Corp. | 0.23% | 29,200 | $29.1M | Reduce -12.7% |
| EEM iShares MSCI Emerging Market | 0.23% | 504,586 | $28.7M | Add +294.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 114,111 | $27.7M | Reduce -31.2% |
| NEE Nextera Energy Inc. | 0.22% | 291,922 | $27.1M | Add +8.9% |
| UNH Unitedhealth Group Inc. | 0.22% | 98,578 | $26.7M | Add +30.0% |
| CEG Constellation Energy | 0.21% | 93,871 | $26.2M | Add +117.6% |
| SNPS Synopsys Inc. | 0.21% | 65,990 | $26.2M | Add +814.5% |
| SPAB SS SPDR P Agg Bond ETF | 0.21% | 1,020,902 | $26.2M | Reduce -8.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.21% | 44,983 | $26.0M | Reduce -14.7% |
| NEM Newmont Corp. | 0.21% | 239,129 | $25.9M | Add +1591.6% |
| AMD Advanced Micro Devices | 0.21% | 125,485 | $25.5M | Reduce -42.4% |
| ETR Entergy Corp. | 0.20% | 220,834 | $24.8M | Reduce -13.9% |
| MCD McDonald's Corp. | 0.19% | 77,344 | $24.0M | Add +4.0% |
| QCOM Qualcomm Inc. | 0.19% | 185,386 | $23.9M | Reduce -15.7% |
| DNUT Krispy Kreme Inc. | 0.19% | 6,916,972 | $23.4M | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.19% | 253,206 | $23.2M | Add +6.9% |
| SCHW Schwab (charles) Corp. | 0.18% | 242,842 | $22.8M | Reduce -3.5% |
| CMCSA Comcast Corp. Class A | 0.18% | 789,998 | $22.7M | Reduce -12.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.18% | 138,757 | $22.2M | Add +3.6% |
| TMUS T-Mobile US Inc. | 0.18% | 104,540 | $22.0M | Add +100.4% |
| RTX RTX Corp. | 0.18% | 112,993 | $21.8M | Add +403.3% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.17% | 421,423 | $21.7M | Add +3.0% |
| BKNG Booking Holdings Inc. | 0.17% | 5,113 | $21.5M | Add +12.7% |
| HD Home Depot Inc. | 0.17% | 65,413 | $21.5M | Reduce -13.8% |
| MRSH Marsh & McLennan Cos | 0.17% | 123,015 | $21.3M | Reduce -11.9% |
| IQV Iqvia Holdings Inc. | 0.17% | 124,100 | $21.2M | Reduce -17.6% |
| DDOG Datadog Inc. Class A | 0.17% | 179,222 | $21.2M | Add +2538.3% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $2.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 43,397 | $1.9M | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 6,203 | $402K | No change |
Total filed on the 13F, all lines: $12.4B.
Portfolio Sells Q4 2025 → Q1 2026
| META Meta Platforms Inc. Class A | Reduce -38.8% | 1.42% | −1.07 |
| DB Deutsche Bank AG-Registered | Reduce -87.1% | 0.13% | −1.05 |
| STLA Stellantis NV | Reduce -49.0% | 0.58% | −0.97 |
| AVGO Broadcom Inc. | Reduce -40.4% | 1.20% | −0.89 |
| TSLA Tesla Inc. | Reduce -54.8% | 0.59% | −0.88 |
| AMZN Amazon.com Inc. | Reduce -16.1% | 2.36% | −0.53 |
| AAPL Apple Inc. | Reduce -14.1% | 2.87% | −0.45 |
| CRM Salesforce Inc. | Reduce -61.7% | 0.16% | −0.40 |
| NVDA Nvidia Corp. | Reduce -8.6% | 3.71% | −0.32 |
| RACE Ferrari NV | Reduce -14.6% | 1.52% | −0.26 |
| COF Capital One Financial Corp. | Reduce -97.8% | 0.00% | −0.26 |
| ADBE Adobe Inc. | Reduce -50.4% | 0.12% | −0.20 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.18 |
| ORCL Oracle Corp. | Reduce -17.2% | 0.36% | −0.17 |
| SPGI S&P Global Inc. | Reduce -87.3% | 0.02% | −0.17 |
| HAS Hasbro Inc. | Reduce -91.1% | 0.02% | −0.17 |
| GOOGL Alphabet Inc. Class A | Reduce -7.9% | 1.67% | −0.16 |
| NOW ServiceNow Inc. | Reduce -49.4% | 0.09% | −0.15 |
| IBM Intl Business Machines Corp. | Reduce -31.2% | 0.22% | −0.14 |
| VOO Vanguard S&P 500 ETF | Reduce -14.7% | 1.01% | −0.14 |
| AMD Advanced Micro Devices | Reduce -42.4% | 0.21% | −0.14 |
| INTU Intuit Inc. | Reduce -76.7% | 0.03% | −0.13 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -37.9% | 0.25% | −0.12 |
| GOOG Alphabet Inc. Class C | Reduce -7.2% | 1.28% | −0.12 |
| V Visa Inc. Class A | Reduce -10.6% | 0.58% | −0.12 |
| HON Honeywell International Inc. | Reduce -59.5% | 0.12% | −0.12 |
| DIS The Walt Disney Co. | Reduce -37.6% | 0.16% | −0.12 |
| PM Philip Morris International | Reduce -90.8% | 0.01% | −0.10 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -98.3% | 0.00% | −0.10 |
| QCOM Qualcomm Inc. | Reduce -15.7% | 0.19% | −0.09 |
| IQV Iqvia Holdings Inc. | Reduce -17.6% | 0.17% | −0.08 |
| WMT Walmart Inc. | Reduce -26.7% | 0.60% | −0.08 |
| ICE Intercontinental Exchange Inc. | Reduce -27.1% | 0.25% | −0.08 |
| GE General Electric | Reduce -20.3% | 0.29% | −0.08 |
| AME Ametek Inc. | Reduce -49.9% | 0.10% | −0.08 |
| NDAQ Nasdaq Inc. | Sold out | 0.00% | −0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -12.3% | 0.67% | −0.07 |
| KHC The Kraft Heinz Co. | Reduce -74.9% | 0.02% | −0.07 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.07 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.06 |
| DAL Delta Air Lines Inc. | Reduce -84.5% | 0.01% | −0.06 |
| RL Ralph Lauren Corp. | Sold out | 0.00% | −0.06 |
| APH Amphenol Corp. Class A | Reduce -27.9% | 0.16% | −0.06 |
| NI Nisource Inc. | Sold out | 0.00% | −0.06 |
| TMO Thermo Fisher Scientific Inc. | Reduce -5.0% | 0.36% | −0.05 |
| CTAS Cintas Corp. | Reduce -30.1% | 0.11% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -4.0% | 0.47% | −0.05 |
| PANW Palo Alto Networks Inc. | Reduce -23.3% | 0.12% | −0.05 |
| SNOW Snowflake Inc. | Reduce -23.1% | 0.06% | −0.05 |
| L Loews Corp. | Sold out | 0.00% | −0.05 |
Portfolio Buys Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Add +77.5% | 5.48% | +1.74 |
| GLD SPDR Gold Shares | Add +36.5% | 1.77% | +0.66 |
| XOM Exxon Mobil Corp. | Add +15.5% | 0.80% | +0.34 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +24.8% | 1.24% | +0.27 |
| MDLZ Mondelez International Inc. Class A | Add +997.2% | 0.29% | +0.27 |
| KO The Coca-Cola Co. | Add +45.3% | 0.65% | +0.27 |
| CAT Caterpillar Inc. | Add +16.6% | 0.69% | +0.25 |
| IXN iShares Global Tech ETF | New | 0.24% | +0.24 |
| LHX L3HARRIS Technologies Inc. | Add +7233.7% | 0.24% | +0.23 |
| URTH iShares MSCI World ETF | Add +44.0% | 0.64% | +0.21 |
| ANET Arista Networks Inc. | Add +258.6% | 0.28% | +0.20 |
| NEM Newmont Corp. | Add +1591.6% | 0.21% | +0.20 |
| SNPS Synopsys Inc. | Add +814.5% | 0.21% | +0.19 |
| EEM iShares MSCI Emerging Market | Add +294.3% | 0.23% | +0.18 |
| CVX Chevron Corp. | Add +7.8% | 0.45% | +0.17 |
| DDOG Datadog Inc. Class A | Add +2538.3% | 0.17% | +0.16 |
| IREN Iren Ltd. | Add +1219.5% | 0.17% | +0.15 |
| NFLX Netflix Inc. | Add +13.3% | 0.73% | +0.15 |
| RTX RTX Corp. | Add +403.3% | 0.18% | +0.14 |
| IEF iShares 7-10 Year Treasury B | Add +78.5% | 0.26% | +0.12 |
| DHI D.R. Horton Inc. | New | 0.12% | +0.12 |
| BSX Boston Scientific Corp. | Add +452.2% | 0.15% | +0.11 |
| DOW Dow Inc. | Add +64.5% | 0.16% | +0.11 |
| EXI iShares Global Industrials E | New | 0.11% | +0.11 |
| ARMK Aramark | New | 0.11% | +0.11 |
| VCIT Vanguard Int-Term Corporate | Add +40.7% | 0.31% | +0.10 |
| TMUS T-Mobile US Inc. | Add +100.4% | 0.18% | +0.10 |
| CEG Constellation Energy | Add +117.6% | 0.21% | +0.10 |
| IXP iShares Global Comm Services | New | 0.10% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +10.0% | 1.24% | +0.09 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +1073.2% | 0.10% | +0.09 |
| RXI iShares Global Consumer Disc | New | 0.09% | +0.09 |
| WDC Western Digital Corp. | Add +501.5% | 0.10% | +0.09 |
| AA Alcoa Corp. | New | 0.09% | +0.09 |
| XLF SS Financial Select Sector | Add +133.2% | 0.14% | +0.08 |
| VWO Vanguard Ftse Emerging Marke | Add +14.7% | 0.37% | +0.07 |
| IWM iShares Russell 2000 ETF | Add +214.8% | 0.10% | +0.07 |
| EPP iShares MSCI Pacific Ex Japa | Add +227.3% | 0.10% | +0.07 |
| GILD Gilead Sciences Inc. | Add +5.4% | 0.31% | +0.07 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +54.5% | 0.15% | +0.07 |
| NEE Nextera Energy Inc. | Add +8.9% | 0.22% | +0.06 |
| SLB SLB Ltd. | Add +3.0% | 0.17% | +0.06 |
| C Citigroup Inc. | Add +4.8% | 0.62% | +0.05 |
| VAW Vanguard Materials ETF | Add +93.4% | 0.10% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +306.3% | 0.07% | +0.05 |
| LNG Cheniere Energy Inc. | Add +3.0% | 0.14% | +0.05 |
| WELL Welltower Inc. | Add +5.1% | 0.28% | +0.05 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +7.2% | 0.29% | +0.05 |
| CME Cme Group Inc. | Add +3.9% | 0.25% | +0.04 |
| UBS UBS Group AG-Reg | Add +2691.8% | 0.05% | +0.04 |
Notes & Other Activity Q4 2025 → Q1 2026
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | New | 43,397 | $1.9M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |