Institution

Banco Santander, S.A.

13F for the quarter to June 30, 2026, filed July 29, 2026 · SEC CIK 891478

Reported value: $16.1bn
Positions we cover: 369
Copy, a year: +12.9%
Copy Sharpe ratio: 0.57

How copying its 13F would have done

CopyS&P 500 $10,000 copying Banco Santander, S.A.'s filed holdings in companies we cover from February 24, 2017, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −35.1% (S&P 500 −31.8%); beta 1.02; alpha −1.3% a year (t = −0.58); last 12 months +7.4% against +12.1%.

Reported value by quarter

Banco Santander, S.A.: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2016-12-31	$3.8B
2017-03-31	$3.9B
2017-06-30	$5.1B
2017-09-30	$6.1B
2017-12-31	$7B
2018-03-31	$8.5B
2018-06-30	$8.6B
2018-09-30	$8.8B
2018-12-31	$7.9B
2019-03-31	$8.9B
2019-06-30	$9.9B
2019-09-30	$10.3B
2019-12-31	$10.8B
2020-03-31	$8.7B
2020-06-30	$7.7B
2020-09-30	$7.6B
2020-12-31	$13.9B
2021-03-31	$14.2B
2021-06-30	$17.9B
2021-09-30	$18.6B
2021-12-31	$18.6B
2022-03-31	$9.3B
2022-06-30	$7.5B
2022-09-30	$7.5B
2022-12-31	$96.1B
2023-03-31	$6.7B
2023-06-30	$7.6B
2023-09-30	$7.1B
2023-12-31	$8.5B
2024-03-31	$8.3B
2024-06-30	$8.1B
2024-09-30	$8.5B
2024-12-31	$8.3B
2025-03-31	$9.1B
2025-06-30	$10.5B
2025-09-30	$11.3B
2025-12-31	$13.4B
2026-03-31	$12.4B
2026-06-30	$16.1B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
MSFTMicrosoft Corporation	5.80%	$932.6m	2.50M	+36.1% Added
NVDANVIDIA Corporation	5.71%	$918.8m	4.59M	+74.2% Added
FERFerrovial N.V.	4.19%	$673.3m	9.81M	+12.5% Added
AAPLApple Inc.	4.16%	$669.5m	2.31M	+65.0% Added
MUMicron Technology	2.90%	$465.7m	403.5K	+98.7% Added
AMZNAmazon	2.82%	$453.9m	1.90M	+35.7% Added
METAMeta Platforms	2.39%	$384.5m	682.5K	+121.3% Added
GOOGLAlphabet Inc. (Class A)	2.33%	$374.2m	1.05M	+45.8% Added
AVGOBroadcom	1.92%	$308.4m	816.3K	+70.1% Added
JPMJPMorgan Chase	1.34%	$215.4m	658.2K	+25.7% Added
RACEFerrari N.V.	1.07%	$171.6m	461.1K	−16.0% Reduced
LLYLilly (Eli)	0.89%	$143.8m	119.9K	+3.1% Added
CATCaterpillar Inc.	0.89%	$142.4m	133.7K	+10.5% Added
AMATApplied Materials	0.83%	$134.0m	185.3K	+238.9% Added
CCitigroup	0.80%	$128.5m	918.5K	+35.6% Added
MRVLMarvell Technology	0.79%	$126.6m	425.1K	+21.3% Added
AMDAdvanced Micro Devices	0.74%	$118.5m	203.9K	+62.5% Added
MSMorgan Stanley	0.71%	$114.4m	547.4K	+31.0% Added
ORCLOracle Corporation	0.66%	$105.8m	722.1K	+138.8% Added
TSLATesla, Inc.	0.65%	$105.1m	249.8K	+26.7% Added
LRCXLam Research	0.61%	$97.8m	225.8K	−14.9% Reduced
BACBank of America	0.60%	$96.7m	1.70M	+54.1% Added
VVisa Inc.	0.57%	$91.2m	265.7K	+11.2% Added
SNDKSandisk	0.56%	$90.2m	39.7K	New
KOThe Coca-Cola Company	0.55%	$88.6m	1.09M	+3.1% Added
KLACKLA Corporation	0.53%	$85.7m	284.0K	+22859.3% Added
INTCIntel	0.52%	$83.8m	600.2K	+91.6% Added
GSGoldman Sachs	0.49%	$78.5m	77.7K	+74.3% Added
WDCWestern Digital	0.46%	$73.6m	115.3K	+158.3% Added
NFLXNetflix	0.43%	$69.2m	969.6K	+2.6% Added
WMTWalmart	0.40%	$64.0m	564.8K	−5.2% Reduced
BMYBristol Myers Squibb	0.39%	$62.7m	1.09M	+34.7% Added
UNHUnitedHealth Group	0.38%	$61.8m	148.6K	+50.8% Added
GEVGE Vernova	0.38%	$60.5m	51.5K	+1883.9% Added
VRTVertiv	0.36%	$57.3m	171.1K	+5558.5% Added
VRTXVertex Pharmaceuticals	0.33%	$53.7m	108.1K	+8.7% Added
MAMastercard	0.33%	$53.3m	103.7K	−10.5% Reduced
PGProcter & Gamble	0.32%	$50.7m	345.4K	+47.7% Added
CVXChevron Corporation	0.31%	$49.4m	298.1K	+9.9% Added
ISRGIntuitive Surgical	0.30%	$48.1m	120.9K	+11.6% Added
ABBVAbbVie	0.29%	$46.8m	186.1K	+34.1% Added
GEGE Aerospace	0.28%	$45.7m	122.3K	−3.4% Reduced
DDOGDatadog, Inc.	0.28%	$45.5m	174.7K	−2.5% Reduced
CSCOCisco	0.28%	$44.5m	378.5K	−2.7% Reduced
ANETArista Networks	0.27%	$42.8m	251.7K	−11.9% Reduced
IRENIREN Ltd	0.25%	$40.6m	888.2K	+48.0% Added
PFEPfizer	0.25%	$39.9m	1.66M	+12.7% Added
WMWaste Management	0.25%	$39.6m	177.6K	+11.8% Added
WABWabtec	0.24%	$39.0m	144.7K	+0.1%
WELLWelltower	0.24%	$39.0m	171.8K	−1.1% Reduced
ADIAnalog Devices	0.24%	$38.5m	97.0K	−11.5% Reduced
SCHWCharles Schwab Corporation	0.24%	$38.5m	417.1K	+71.7% Added
FCXFreeport-McMoRan	0.24%	$38.2m	606.7K	+108.5% Added
QCOMQualcomm	0.23%	$37.8m	204.4K	+10.3% Added
UBERUber	0.23%	$36.6m	507.0K	+0.6% Added
MDLZMondelez International	0.22%	$35.7m	616.5K	−2.2% Reduced
PHParker Hannifin	0.21%	$33.8m	34.5K	+4.4% Added
GILDGilead Sciences	0.21%	$33.7m	266.4K	−3.5% Reduced
PANWPalo Alto Networks	0.20%	$32.2m	94.5K	−1.7% Reduced
REGNRegeneron Pharmaceuticals	0.20%	$32.1m	51.5K	+26.8% Added
CEGConstellation Energy	0.19%	$29.9m	120.3K	+28.2% Added
SNPSSynopsys Inc	0.18%	$29.6m	66.5K	+0.7% Added
STLAStellantis N.V.	0.18%	$29.0m	5.05M	−48.0% Reduced
EIXEdison International	0.18%	$29.0m	388.9K	−2.6% Reduced
RTXRTX Corporation	0.18%	$28.5m	150.3K	+33.0% Added
COTYCoty Inc.	0.18%	$28.3m	13.11M	−43.3% Reduced
COSTCostco	0.17%	$28.0m	29.9K	+2.5% Added
LNGCheniere Energy, Inc.	0.17%	$27.1m	113.3K	+86.7% Added
NEMNewmont	0.17%	$26.7m	285.9K	+19.6% Added
HDThe Home Depot	0.17%	$26.6m	75.4K	+15.3% Added
CMECME Group	0.16%	$26.3m	119.1K	+11.4% Added
BABoeing	0.16%	$26.1m	120.4K	+32.0% Added
NUNu Holdings Ltd.	0.16%	$26.0m	1.94M	+119.3% Added
APHAmphenol	0.16%	$25.8m	146.3K	−4.7% Reduced
CAHCardinal Health	0.15%	$25.0m	105.2K	+5.5% Added
LHXL3Harris	0.15%	$24.2m	83.3K	−2.3% Reduced
NEENextEra Energy	0.15%	$24.2m	275.3K	−5.7% Reduced
TRVThe Travelers Companies	0.15%	$24.0m	72.7K	+65.6% Added
IQVIQVIA	0.15%	$24.0m	124.0K	−0.1%
MCDMcDonald's	0.15%	$24.0m	88.6K	+14.6% Added
ICEIntercontinental Exchange	0.15%	$23.8m	193.0K	−3.7% Reduced
BKNGBooking Holdings	0.15%	$23.4m	131.5K	+2471.9% Added
SLBSchlumberger	0.14%	$23.3m	501.0K	+18.9% Added
CMCSAComcast	0.14%	$23.0m	936.2K	+18.5% Added
MNSTMonster Beverage	0.14%	$22.4m	232.7K	+27.4% Added
PLTRPalantir Technologies Inc.	0.14%	$22.1m	189.2K	+42.8% Added
CMGChipotle Mexican Grill	0.14%	$21.8m	641.4K	+2934.7% Added
TJXTJX Companies	0.13%	$21.1m	139.0K	+0.2%
CRMSalesforce	0.13%	$20.8m	133.0K	+22.4% Added
CTASCintas	0.12%	$19.9m	116.8K	+43.7% Added
ELThe Estée Lauder Companies	0.12%	$19.5m	246.9K	−10.5% Reduced
ARMKAramark	0.12%	$19.3m	339.8K	+3.4% Added
DISThe Walt Disney Company	0.12%	$19.3m	200.5K	+0.3%
MTZMastec Inc	0.12%	$19.1m	45.8K	−20.8% Reduced
RSGRepublic Services	0.12%	$18.6m	87.4K	New
ETREntergy	0.12%	$18.5m	161.3K	−27.0% Reduced
EDConsolidated Edison	0.11%	$17.3m	156.4K	+67.9% Added
MSIMotorola Solutions	0.10%	$16.8m	40.4K	+27.7% Added
ADBEAdobe Inc.	0.10%	$16.7m	81.3K	+36.4% Added
DHID. R. Horton	0.10%	$16.7m	102.2K	−7.9% Reduced
AMEAmetek	0.10%	$16.6m	68.6K	+20.2% Added
ITRIItron, Inc.	0.10%	$16.5m	190.9K	0.0%
TMOThermo Fisher Scientific	0.10%	$15.8m	31.5K	−65.0% Reduced
CSXCSX Corporation	0.10%	$15.5m	326.2K	+2.4% Added
SPGSimon Property Group	0.10%	$15.4m	69.0K	−5.9% Reduced
TSCOTractor Supply	0.10%	$15.3m	482.8K	New
MRKMerck & Co.	0.09%	$15.0m	117.0K	+1.3% Added
SNOWSnowflake Inc.	0.09%	$14.5m	56.9K	+10.0% Added
IPInternational Paper	0.09%	$14.1m	369.0K	New
SPCXSpace Exploration Technologies Corp	0.09%	$13.6m	79.6K	New
PWRQuanta Services	0.07%	$12.1m	16.7K	+112.2% Added
AMKRAmkor Technology, Inc.	0.07%	$11.6m	134.8K	New
BSXBoston Scientific	0.07%	$11.5m	270.5K	−11.0% Reduced
CNCCentene Corporation	0.07%	$11.5m	179.3K	−11.8% Reduced
CRWDCrowdStrike	0.07%	$11.3m	14.9K	−37.5% Reduced
ODFLOld Dominion	0.07%	$11.3m	52.3K	+39.5% Added
NKENike, Inc.	0.07%	$11.3m	274.6K	−14.0% Reduced
KRKroger	0.07%	$10.8m	194.5K	−16.9% Reduced
ADSKAutodesk, Inc.	0.07%	$10.5m	54.0K	+20.2% Added
SBUXStarbucks	0.07%	$10.5m	102.5K	+20.5% Added
MLIMueller Industries Inc	0.07%	$10.4m	84.5K	+25.4% Added
PYPLPayPal	0.06%	$10.3m	238.6K	−0.1%
TSMTaiwan Semiconductor Manufacturing Co LTD	0.06%	$10.3m	21.5K	+4.0% Added
ELFE.l.f. Beauty, Inc.	0.06%	$10.2m	138.3K	New
CMICummins	0.06%	$10.2m	14.2K	−8.3% Reduced
JNJJohnson & Johnson	0.06%	$10.0m	39.6K	+64.2% Added
LITELumentum	0.06%	$9.9m	11.6K	New
SEISolaris Energy Infrastructure, Inc.	0.06%	$9.8m	121.5K	−19.8% Reduced
FOXAFox Corporation (Class A)	0.06%	$9.2m	176.4K	+30.6% Added
AAAlcoa Corp	0.05%	$8.5m	163.6K	0.0%
DEDeere & Company	0.05%	$8.5m	13.3K	−7.5% Reduced
FANGDiamondback Energy	0.05%	$7.8m	44.3K	−25.3% Reduced
DOWDow Inc.	0.05%	$7.7m	281.4K	−41.3% Reduced
ITGRInteger Holdings Corp	0.05%	$7.7m	82.3K	+4.4% Added
OTISOtis Worldwide	0.05%	$7.6m	106.3K	+1153.2% Added
EQTEQT Corporation	0.05%	$7.4m	139.9K	+864.4% Added
TXNTexas Instruments	0.04%	$7.2m	24.1K	+41.9% Added
AMGNAmgen	0.04%	$6.8m	18.7K	+5.1% Added
COINCoinbase	0.04%	$6.7m	45.8K	−52.0% Reduced
EXPDExpeditors International	0.04%	$6.5m	40.1K	+25.3% Added
PUMPPropetro Holding Corp.	0.04%	$6.4m	445.0K	New
UBSUBS Group AG	0.04%	$6.4m	128.5K	−8.9% Reduced
NUENucor	0.04%	$6.3m	28.3K	−11.6% Reduced
MRNAModerna	0.04%	$6.1m	86.7K	−34.8% Reduced
EBAYeBay Inc.	0.04%	$6.1m	54.2K	−8.4% Reduced
EMREmerson Electric	0.04%	$5.9m	41.0K	−12.3% Reduced
SMTCSemtech Corp	0.04%	$5.7m	35.0K	−63.2% Reduced
EQIXEquinix	0.03%	$5.4m	5.2K	−1.6% Reduced
SEICSEI Investments Co	0.03%	$5.2m	59.5K	+25.2% Added
TDGTransDigm Group	0.03%	$5.2m	3.9K	+7.7% Added

Company	Bought (value)	Shares
NVDANVIDIA Corporation	$391.4m	1.96M
AAPLApple Inc.	$263.6m	911.1K
MSFTMicrosoft Corporation	$247.6m	663.7K
MUMicron Technology	$231.4m	200.4K
METAMeta Platforms	$210.7m	374.1K
AVGOBroadcom	$127.0m	336.3K
AMZNAmazon	$119.5m	501.5K
GOOGLAlphabet Inc. (Class A)	$117.5m	328.7K
AMATApplied Materials	$94.4m	130.6K
SNDKSandisk	$90.2m	39.7K
KLACKLA Corporation	$85.3m	282.8K
FERFerrovial N.V.	$75.0m	1.09M
ORCLOracle Corporation	$61.5m	419.7K
GEVGE Vernova	$57.4m	48.9K
VRTVertiv	$56.3m	168.1K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
RACEFerrari N.V.	−$32.7m	−87.8K
TMOThermo Fisher Scientific	−$29.3m	−58.5K
IBMIBM	−$28.5m	−101.3K
STLAStellantis N.V.	−$26.8m	−4.67M
DNUTKrispy Kreme, Inc.	−$23.4m	−6.92M
COTYCoty Inc.	−$21.6m	−10.00M
MRSHMarsh McLennan	−$20.1m	−120.4K
LRCXLam Research	−$17.1m	−39.5K
UNPUnion Pacific Corporation	−$16.6m	−61.1K
TMUST-Mobile US	−$16.0m	−95.3K
PGRProgressive Corporation	−$15.1m	−69.3K
TROWT. Rowe Price	−$14.0m	−154.9K
CTVACorteva, Inc.	−$13.2m	−156.4K
FIXComfort Systems USA	−$11.8m	−6.0K
MOAltria	−$11.0m	−153.5K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
DNUTKrispy Kreme, Inc.	$23.4m	6.92M
TROWT. Rowe Price	$14.0m	154.9K
HASHasbro	$2.6m	28.0K
TIMBTIM S.a.	$1.8m	66.3K
JAZZJazz Pharmaceuticals plc	$1.7m	8.8K
CORCencora	$1.5m	4.7K
ARGXArgenx SE	$1.3m	1.8K
ONCBeone Medicines Ltd.	$1.3m	4.5K
RBRKRubrik, Inc.	$1.3m	26.0K
RIOTRiot Platforms, Inc.	$1.0m	82.0K
MPWRMonolithic Power Systems, Inc.	$975,268	892
IDCCInterdigital, Inc.	$765,268	2.5K
EVRGEvergy	$664,371	8.1K
GAPGAP Inc	$648,439	26.8K
DGDollar General	$647,079	5.5K
WECWEC Energy Group	$540,762	4.7K
CCEPCoca-cola Europacific Partners plc	$493,970	5.4K
GPNGlobal Payments	$486,444	7.2K
BAHBooz Allen Hamilton Holding Corp	$479,885	6.2K
GHGuardant Health, Inc.	$387,307	4.2K
INVZInnoviz Technologies Ltd.	$353,903	559.5K
HALHalliburton	$323,266	8.3K
ONON Semiconductor Corp	$290,714	4.7K
HALOHalozyme Therapeutics, Inc.	$278,620	4.3K
LDOSLeidos	$276,359	1.8K
SBSWSibanye Stillwater Ltd	$224,298	18.2K
PCGPG&E Corporation	$219,994	12.5K
HCAHCA Healthcare	$219,110	463
FISFidelity National Information Services	$203,167	4.3K
LARLithium Argentina AG	$87,080	13.0K

Technology45.0%
Industrials13.4%
Financials9.4%
Consumer Discretionary9.4%
Communication Services8.4%
Health Care6.5%
Consumer Staples3.5%
Energy1.4%
Utilities1.2%
Materials1.1%
Real Estate0.6%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestFebruary 24, 2017 to November 2, 2026	+12.9%	+14.5%	0.57	0.70	−35.1%	1.02
2018 onwardsJanuary 5, 2018 to November 2, 2026	+11.7%	+13.9%	0.50	0.64	−35.1%	1.02
Last three yearsNovember 3, 2023 to November 2, 2026	+18.3%	+21.8%	0.86	1.16	−18.3%	1.10
Last yearNovember 7, 2025 to November 2, 2026	+9.0%	+14.2%	0.39	0.84	−11.5%	1.17

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.