Banco Santander SA (SAN) Hedge Fund Ownership (Q2 2026)

Banco Santander SA (SAN)

651 + Investors. Track Smart Money conviction in SAN. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — SAN

Based on 659 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q

For 11 consecutive quarters, more hedge funds added SAN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

659 hedge funds hold SAN right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +44% more funds vs a year ago

fund count last 6Q

+202 new funds entered over the past year (+44% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟢

More buyers than sellers — 64% buying

404 buying223 selling

Last quarter: 404 funds were net buyers (97 opened a brand new position + 307 added to an existing one). Only 223 were sellers (151 trimmed + 72 sold completely). A clear majority buying is a strong confirmation signal.

⚠️

Fewer new buyers each quarter (-24 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 105 → 112 → 121 → 97. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔒

49% of holders stayed for 2+ years

■ 49% conviction (2yr+) ■ 24% medium ■ 27% new

326 out of 659 hedge funds have held SAN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💰

Value +27% but shares only +3% — price-driven

Value

+26%

+3%

Last quarter: the total dollar value of institutional holdings rose +27%, but actual share count only changed +3%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

➡️

Steady discovery — ~97 new funds/quarter

95 → 105 → 112 → 121 → 97 new funds/Q

New funds entering each quarter: 105 → 112 → 121 → 97. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 57% veterans vs 34% newcomers

■ 57% veterans ■ 9% 1-2yr ■ 34% new

Entry-cohort mix of 666 holders: 379 (57%) are 2+ year veterans, 60 entered 1–2 years ago, and 227 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 73% AUM from top-100 funds

73% from top-100 AUM funds

45 of 656 holders are among the 100 largest funds by AUM, controlling 73% of total institutional value in SAN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

4.2

out of 10

Moderate Exit Risk

Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	651	634	2.68%
13F Shares	505M	488M	3.46%
Total Value	$6.84B	$5.40B	26.68%
New Positions	96	121	-25
Increased Positions	303	254	+49
Closed Positions	76	67	+9
Reduced Positions	148	171	-23
Total Calls	5	5	-
Total Puts	4	6	-33.33%
PUT/CALL Ratio	0.8	1.2	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

651

634

2.68%

13F Shares

505M

488M

3.46%

Total Value

$6.84B

$5.40B

26.68%

New Positions

121

-25

Increased Positions

303

254

+49

Closed Positions

Reduced Positions

148

171

-23

Total Calls

Total Puts

-33.33%

PUT/CALL Ratio

0.8

1.2

Neutral

Institutional Holders (2026 Q2)

651 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SAN. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 SAN holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Miura Global Management, LLC	13.68%	250,000	$3.5M
2	Mondrian Investment Partners LTD	4.13%	19,385,394	$267.5M
3	Barometer Capital Management INC.	2.92%	760,950	$10.5M
4	Wilkinson Global Asset Management LLC	1.81%	1,654,997	$22.8M
5	Steamboat Capital Partners, LLC	1.77%	600,166	$8.3M
6	American Trust Investment Advisors, LLC	1.63%	239,026	$3.3M
7	Todd Asset Management LLC	1.60%	6,512,623	$89.9M
8	Burkett Asset Management Ltd	1.52%	117,935	$1.6M
9	Marietta Investment Partners LLC	1.27%	534,324	$7.4M
10	Raelipskie Partnership	0.90%	172,236	$2.4M
11	Dv Equities, LLC	0.82%	413,409	$5.7M
12	JMN Financial LLC	0.72%	67,021	$925K
13	CacheTech Inc.	0.70%	315,460	$4.4M
14	Themes Management Co LLC	0.67%	73,516	$1.0M
15	Adams Wealth Management	0.66%	248,524	$3.4M
16	Mitchell Capital Management Co	0.62%	293,787	$4.1M
17	Orca Wealth Management, LLC	0.55%	65,821	$908K
18	Naviter Wealth, LLC	0.54%	431,070	$5.9M
19	Clark Capital Management Group, Inc.	0.51%	6,800,999	$93.9M
20	Chevy Chase Trust Holdings, LLC	0.50%	14,003,466	$193.2M
21	Gallacher Capital Management LLC	0.36%	46,450	$641K
22	Baron Wealth Management LLC	0.34%	94,626	$1.3M
23	Seven Mile Advisory	0.33%	35,297	$487K
24	Qtron Investments LLC	0.31%	170,485	$2.4M
25	Pekin Hardy Strauss, Inc.	0.31%	256,219	$3.5M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Banco Santander SA (SAN)

What does the Smart Money Trend signal show for SAN?

Buying streak — 11 quarters in a row: For 11 consecutive quarters, more hedge funds added SAN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for SAN?

More buyers than sellers — 64% buying: Last quarter: 404 funds were net buyers (97 opened a brand new position + 307 added to an existing one). Only 223 were sellers (151 trimmed + 72 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SAN holders?

Elite ownership — 73% AUM from top-100 funds: 45 of 656 holders are among the 100 largest funds by AUM, controlling 73% of total institutional value in SAN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held SAN?

49% of holders stayed for 2+ years: 326 out of 659 hedge funds have held SAN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Banco Santander SA (SAN)

Smart Money Signals — SAN

Buying streak — 11 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +44% more funds vs a year ago

More buyers than sellers — 64% buying

Fewer new buyers each quarter (-24 vs last Q)

49% of holders stayed for 2+ years

Value +27% but shares only +3% — price-driven

Steady discovery — ~97 new funds/quarter

Veteran-anchored — 57% veterans vs 34% newcomers

Elite ownership — 73% AUM from top-100 funds

Institutional Sentiment Summary — SAN

Hedge Fund Ownership: SAN

Market Analysis: SAN

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: SAN

Hedge Fund Positioning: SAN

Statistics: SAN

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Banco Santander SA (SAN)

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