Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BANCO SANTANDER SA (SAN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +69
Streak
11Q ▲
Buyers last Q
71%

Smart Money Signals — SAN

Based on 560 hedge funds · latest filing: 2025 Q4 · 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
560 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 — +45% more funds vs a year ago

fund count last 6Q
+175 new funds entered over the past year (+45% 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 — 71% buying

380 buying156 selling
Last quarter: 380 funds were net buyers (108 opened a brand new position + 272 added to an existing one). Only 156 were sellers (117 trimmed + 39 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new SAN position: 64 → 90 → 101 → 108. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 22% medium ■ 28% new
283 out of 560 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.
📈

Growing discovery — still being found

60 → 64 → 90 → 101 → 108 new funds/Q
New funds entering each quarter: 64 → 90 → 101 → 108. A growing number of institutions are discovering SAN each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 57% of holders stayed 2+ years

■ 57% veterans ■ 11% 1-2yr ■ 32% new
Of 566 current holders: 324 (57%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 64% AUM from top-100 funds

64% from top-100 AUM funds
34 of 560 holders are among the 100 largest funds by AUM, controlling 64% 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.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — 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.

Hedge Fund Ownership: SAN

How many hedge funds hold SAN — quarterly history vs. share price
Quarterly hedge fund ownership of SAN vs. share price

Market Analysis: SAN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SAN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

47 top-rated funds 3 high-conviction
Consensus
7.3
/ 10
breadth
×
Elite
4.0
/ 10
conviction
Hedge Fund Positioning: SAN
2026 Q1 Stats Unlock in 15 days 566 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 566 501 12.97%
13F Shares 447M 454M -1.52%
Total Value $5.26B $4.75B 10.62%
New Positions 108 101 +7
Increased Positions 281 242 +39
Closed Positions 41 49 -8
Reduced Positions 130 116 +14
Total Calls 4 5 -20.0%
Total Puts 4 5 -20.0%
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: SAN

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
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Income Statement & Cash Flow
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Institutional Holders (2026 Q1)

566 + investors

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

Top 25 institutional holders of SAN — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Mondrian Investment Partners LTD 3.77% 22,332,642 $251.9M
2 Arlington Capital Management, Inc. 2.15% 338,496 $3.8M
3 MARIETTA INVESTMENT PARTNERS LLC 1.18% 520,774 $5.9M
4 RAELIPSKIE PARTNERSHIP 0.82% 172,236 $1.9M
5 Myriad Asset Management Advisors LLC 0.60% 179,100 $2.0M
6 Orca Wealth Management, LLC 0.53% 65,760 $742K
7 Myriad Asset Management US LP 0.51% 30,208 $341K
8 Naviter Wealth, LLC 0.48% 343,675 $3.9M
9 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.37% 4,244,210 $48K
10 DGS Capital Management, LLC 0.32% 175,382 $2.0M
11 Baron Wealth Management LLC 0.31% 93,196 $1.1M
12 SEVEN MILE ADVISORY 0.29% 35,120 $396K
13 Five Oceans Advisors 0.26% 62,971 $710K
14 Cromwell Holdings LLC 0.23% 36,753 $415K
15 Fulcrum Equity Management 0.23% 20,893 $236K
16 Carter Financial Group, INC. 0.22% 31,926 $360K
17 Redhawk Wealth Advisors, Inc. 0.21% 170,386 $1.9M
18 Legacy Wealth Asset Management, LLC 0.19% 67,767 $764K
19 CogentBlue Wealth Advisors, LLC 0.18% 23,920 $270K
20 QRG CAPITAL MANAGEMENT, INC. 0.17% 1,473,746 $16.6M
21 Abel Hall, LLC 0.17% 70,604 $796K
22 Traveka Wealth, LLC 0.15% 35,094 $396K
23 MLP3, LLC 0.14% 11,376 $128K
24 New Republic Capital, LLC 0.14% 35,837 $404K
25 Brooklyn Investment Group 0.13% 375,595 $4.2M
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 — 71% buying: Last quarter: 380 funds were net buyers (108 opened a brand new position + 272 added to an existing one). Only 156 were sellers (117 trimmed + 39 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SAN holders?

Elite ownership — 64% AUM from top-100 funds: 34 of 560 holders are among the 100 largest funds by AUM, controlling 64% 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?

51% of holders stayed for 2+ years: 283 out of 560 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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.