Vault-13

BANCO SANTANDER S.A. SAN

ADR · ADR · CUSIP 05964H105

Bank company based in Cantabria, Spain

522 institutional holders +55 vs Q2 2025
461,719,988461.7m shares reported held*
$4.8bnreported value*
102 new 234 added 109 reduced 43 sold out net bought ≈ $492.8m (+47.0m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($9.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.47. Options: 9 managers hold calls ($16.0m notional), 9 hold puts ($10.2m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 289Q4 22: 305Q1 23: 321Q2 23: 321Q3 23: 338Q4 23: 375Q1 24: 381Q2 24: 398Q3 24: 399Q4 24: 410Q1 25: 426Q2 25: 467Q3 25: 522522Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022289
Q4 2022305
Q1 2023321
Q2 2023321
Q3 2023338
Q4 2023375
Q1 2024381
Q2 2024398
Q3 2024399
Q4 2024410
Q1 2025426
Q2 2025467
Q3 2025522

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 23: 208 bought or addedQ4 23: 115 cut or sold outQ1 24: 194 bought or addedQ1 24: 132 cut or sold outQ1 24Q2 24: 215 bought or addedQ2 24: 126 cut or sold outQ3 24: 196 bought or addedQ3 24: 160 cut or sold outQ3 24Q4 24: 212 bought or addedQ4 24: 153 cut or sold outQ1 25: 233 bought or addedQ1 25: 164 cut or sold outQ1 25Q2 25: 311 bought or addedQ2 25: 122 cut or sold outQ3 25: 336 bought or addedQ3 25: 152 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023208115
Q1 2024194132
Q2 2024215126
Q3 2024196160
Q4 2024212153
Q1 2025233164
Q2 2025311122
Q3 2025336152

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30mQ4 24 calls: $1.6mQ4 24 puts: $929.4kQ4 24P/C 0.58Q1 25 calls: $16.2mQ1 25 puts: $6.1mQ1 25P/C 0.37Q2 25 calls: $28.1mQ2 25 puts: $12.1mQ2 25P/C 0.43Q3 25 calls: $16.0mQ3 25 puts: $10.2mQ3 25P/C 0.64
Numbers
QuarterCallsPutsP/C
Q4 2024$1.6m$929.4k0.58
Q1 2025$16.2m$6.1m0.37
Q2 2025$28.1m$12.1m0.43
Q3 2025$16.0m$10.2m0.64

Biggest buyers

MORGAN STANLEY Added +24,215,508+24.2m
Clearbridge Investments, LLC New +9,133,900+9.1m
Capital International Investors Added +5,856,034+5.9m
JPMORGAN CHASE & CO Added +3,049,235+3.0m
RAYMOND JAMES FINANCIAL INC Added +2,840,145+2.8m
FMR LLC Added +2,782,372+2.8m
ENVESTNET ASSET MANAGEMENT INC Added +2,551,675+2.6m
LAZARD ASSET MANAGEMENT LLC Added +1,568,515+1.6m
Clark Capital Management Group, Inc. Added +1,485,006+1.5m
WELLS FARGO & COMPANY/MN Added +1,309,367+1.3m

Biggest sellers

Fisher Asset Management, LLC Reduced -9,962,970-10.0m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -3,582,794-3.6m
ROYAL BANK OF CANADA Reduced -2,631,298-2.6m
BNP PARIBAS FINANCIAL MARKETS Reduced -1,055,717-1.1m
QRG CAPITAL MANAGEMENT, INC. Reduced -940,738-940.7k
Chevy Chase Trust Holdings, LLC Reduced -501,583-501.6k
BANK OF AMERICA CORP /DE/ Reduced -459,717-459.7k
UBS Group AG Reduced -445,276-445.3k
TODD ASSET MANAGEMENT LLC Reduced -431,065-431.1k
Bain Capital Public Equity Management II, LLC Sold out -277,058-277.1k

Biggest calls

Optiver Holding B.V. Added $4.6m441.6k shares
SIMPLEX TRADING, LLC Added $4.2m397.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.7m350.2k shares
CITADEL ADVISORS LLC Added $1.2m110.7k shares
WOLVERINE TRADING, LLC Added $936.4k91.0k shares
IMC-Chicago, LLC Reduced $518.8k49.5k shares
GROUP ONE TRADING LLC Reduced $371.0k35.4k shares
Walleye Trading LLC Reduced $327.0k31.2k shares
Walleye Capital LLC Added $272.5k26.0k shares

Biggest puts

Optiver Holding B.V. Reduced $3.1m296.8k shares
Walleye Trading LLC Reduced $2.1m203.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.5m144.8k shares
SIMPLEX TRADING, LLC Added $1.5m141.7k shares
Walleye Capital LLC New $730.5k69.7k shares
CITADEL ADVISORS LLC Added $496.8k47.4k shares
IMC-Chicago, LLC Reduced $281.9k26.9k shares
GROUP ONE TRADING LLC Reduced $271.4k25.9k shares
WOLVERINE TRADING, LLC Reduced $178.0k17.3k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q3 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Fisher Asset Management, LLC 0.41% of their portfolio PLANO, TX 107,629,107107.6m $1.1bn $1.1bn 0.41% Reduced -10.0m -9,962,970
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 54,389,98654.4m $570.0m $570.0m 0.03% Added +24.2m +24,215,508
3 FMR LLC 0.02% of their portfolio BOSTON, MA 34,119,36934.1m $357.6m $357.6m 0.02% Added +2.8m +2,782,372
4 Mondrian Investment Partners LTD 4.72% of their portfolio LONDON, X0 26,989,06827.0m $282.8m $282.8m 4.72% First filing
5 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 17,638,48517.6m $184.9m $184.9m 0.03% Added +104.0k +103,978
6 Capital International Investors 0.02% of their portfolio Los Angeles, CA 14,529,02414.5m $149.5m $149.5m 0.02% Added +5.9m +5,856,034
7 Chevy Chase Trust Holdings, LLC 0.40% of their portfolio BETHESDA, MD 13,981,40314.0m $146.5m $146.5m 0.40% Reduced -501.6k -501,583
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 13,726,96013.7m $143.9m $143.9m 0.00% Added +1.3m +1,264,781
9 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 12,844,02912.8m $134.6m $134.6m 0.02% Added +1.0m +1,000,811
10 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 10,918,91910.9m $114.4m $114.4m 0.02% Added +11.2k +11,202
11 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio BOSTON, MA 10,733,04010.7m $112.5m $112.5m 0.07% Reduced -3.6m -3,582,794
12 LAZARD ASSET MANAGEMENT LLC 0.13% of their portfolio NEW YORK, NY 9,211,6739.2m $96.5m $96.5m 0.13% Added +1.6m +1,568,515
13 Clearbridge Investments, LLC 0.07% of their portfolio NEW YORK, NY 9,133,9009.1m $95.7m $95.7m 0.07% New
14 CIBC Private Wealth Group LLC 0.16% of their portfolio ATLANTA, GA 8,981,8729.0m $94.1m $94.1m 0.16% Added +376.0k +376,023
15 TODD ASSET MANAGEMENT LLC 1.58% of their portfolio Louisville, KY 7,436,3327.4m $77.9m $77.9m 1.58% Reduced -431.1k -431,065
16 Clark Capital Management Group, Inc. 0.47% of their portfolio PHILADELPHIA, PA 7,156,0537.2m $75.0m $75.0m 0.47% Added +1.5m +1,485,006
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,908,3325.9m $61.9m $61.9m 0.00% Added +3.0m +3,049,235
18 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 5,552,9315.6m $58.2m $58.2m 0.02% Added +2.6m +2,551,675
19 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.36% of their portfolio FRANKFORT, KY 4,512,3604.5m $47.3m $47.3m 0.36% Reduced -153.8k -153,800
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,318,3694.3m $45.3m $45.3m 0.00% Reduced -459.7k -459,717
21 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 4,316,8444.3m $45.2m $45.2m 0.02% Added +701.9k +701,932
22 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 4,100,7684.1m $43.0m $43.0m 0.01% Added +2.8m +2,840,145
23 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 4,081,8084.1m $42.8m $42.8m 0.01% Reduced -2.6m -2,631,298
24 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 3,777,7473.8m $39.6m $39.6m 0.01% Added +1.3m +1,309,367
25 NATIXIS ADVISORS, LLC 0.05% of their portfolio Boston, MA 3,286,9993.3m $34.4m $34.4m 0.05% Added +489.0k +489,022
26 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 1,978,3672.0m $20.7m $20.7m 0.00% Added +305.8k +305,810
27 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.12% of their portfolio Stamford, CT 1,918,8231.9m $20.1m $20.1m 0.12% Added +49.1k +49,101
28 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 1,781,9881.8m $18.7m $18.7m 0.01% Added +53.5k +53,549
29 BAROMETER CAPITAL MANAGEMENT INC. 3.95% of their portfolio TORONTO, A6 1,671,9131.7m $17.3m $17.3m 3.95% Reduced -85.6k -85,570
30 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 1,481,4611.5m $15.5m $15.5m 0.01% Added +2.1k +2,113
31 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 1,451,3351.5m $15.2m $15.2m 0.00% Added +539.5k +539,476
32 Steamboat Capital Partners, LLC 3.76% of their portfolio RYE, NY 1,377,5461.4m $14.4m $14.4m 3.76% Reduced -97.1k -97,092
33 OPPENHEIMER & CO INC 0.17% of their portfolio NEW YORK, NY 1,335,2191.3m $14.0m $14.0m 0.17% Added +713.0k +712,960
34 Quantinno Capital Management LP 0.04% of their portfolio NEW YORK, NY 1,320,5311.3m $13.8m $13.8m 0.04% Added +395.5k +395,510
35 Crossmark Global Holdings, Inc. 0.20% of their portfolio HOUSTON, TX 1,280,2531.3m $13.4m $13.4m 0.20% Added +56.3k +56,346
36 QRG CAPITAL MANAGEMENT, INC. 0.16% of their portfolio BERWYN, PA 1,267,9241.3m $13.3m $13.3m 0.16% Reduced -940.7k -940,738
37 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 1,179,5881.2m $12.4m $12.4m 0.02% Added +14.9k +14,851
38 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 1,038,7501.0m $10.9m $10.9m 0.01% Added +372.8k +372,778
39 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 991,785991.8k $10.4m $10.4m 0.00% Added +63.1k +63,099
40 Mariner, LLC 0.01% of their portfolio Overland Park, KS 981,026981.0k $10.3m $10.3m 0.01% Added +55.6k +55,616
41 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 963,297963.3k $10.1m $10.1m 0.01% Added +360.7k +360,735
42 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 942,244942.2k $9.9m $9.9m 0.02% Added +95.4k +95,433
43 Pathstone Holdings, LLC 0.03% of their portfolio ENGLEWOOD, NJ 864,383864.4k $9.1m $9.1m 0.03% Added +3.2k +3,198
44 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 788,073788.1k $8.3m $8.3m 0.01% Added +27.7k +27,662
45 Orion Porfolio Solutions, LLC 0.06% of their portfolio OMAHA, NE 737,924737.9k $7.7m $7.7m 0.06% Added +374.2k +374,167
46 Vanguard Personalized Indexing Management, LLC 0.08% of their portfolio OAKLAND, CA 724,982725.0k $7.6m $7.6m 0.08% Added +11.7k +11,694
47 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 699,284699.3k $7.3m $7.3m 0.01% Added +588.8k +588,804
48 RWA WEALTH PARTNERS, LLC 0.08% of their portfolio BOSTON, MA 694,455694.5k $7.3m $7.3m 0.08% Reduced -4.3k -4,314
49 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 663,347663.3k $7.0m $7.0m 0.02% Added +332.4k +332,446
50 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 623,797623.8k $6.5m $6.5m 0.01% Added +162.5k +162,519
51 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 615,339615.3k $6.4m $6.4m 0.00% Reduced -74.9k -74,866
52 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 611,145611.1k $6.4m $6.4m 0.01% Added +298.7k +298,682
53 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 528,849528.8k $5.6m $5.6m 0.00% Reduced -8.4k -8,400
54 QUADRANT CAPITAL GROUP LLC 0.18% of their portfolio CINCINNATI, OH 528,608528.6k $5.5m $5.5m 0.18% Added +17.3k +17,330
55 FACTORY MUTUAL INSURANCE CO 0.05% of their portfolio WALTHAM, MA 515,311515.3k $5.4m $5.4m 0.05% New
56 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 514,156514.2k $5.4m $5.4m 0.01% Added +57.6k +57,643
57 TD Waterhouse Canada Inc. 0.03% of their portfolio TORONTO, A6 500,590500.6k $5.2m $5.2m 0.03% Added +172.0k +172,042
58 Capital Wealth Planning, LLC 0.04% of their portfolio NAPLES, FL 500,176500.2k $5.2m $5.2m 0.04% Added +120.3k +120,290
59 TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio STAMFORD, CT 494,324494.3k $5.2m $5.2m 0.03% New
60 Vident Advisory, LLC 0.05% of their portfolio Alpharetta, GA 494,141494.1k $5.2m $5.2m 0.05% Added +59.3k +59,279
61 UBS Group AG 0.00% of their portfolio ZURICH, V8 429,411429.4k $4.5m $4.5m 0.00% Reduced -445.3k -445,276
62 PARK AVENUE SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 426,022426.0k $4.5m $4.5m 0.03% Added +80.4k +80,397
63 CASTLEARK MANAGEMENT LLC 0.12% of their portfolio CHICAGO, IL 405,515405.5k $4.2m $4.2m 0.12% Unchanged
64 Laird Norton Wetherby Wealth Management, LLC 0.17% of their portfolio Seattle, WA 401,882401.9k $4.2m $4.2m 0.17% Added +11.0k +10,980
65 RITHOLTZ WEALTH MANAGEMENT 0.08% of their portfolio NEW YORK, NY 398,805398.8k $4.2m $4.2m 0.08% Added +11.6k +11,641
66 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 398,436398.4k $4.2m $4.2m 0.01% Added +10.8k +10,828
67 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 397,445397.4k $3.9m $3.9m 0.01% Added +121.7k +121,678
68 OPPENHEIMER ASSET MANAGEMENT INC. 0.05% of their portfolio NEW YORK, NY 393,150393.1k $4.1m $4.1m 0.05% Added +79.1k +79,073
69 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 389,905389.9k $4.1m $4.1m 0.00% Reduced -32.7k -32,713
70 NWAM LLC 0.20% of their portfolio MERCER ISLAND, WA 382,714382.7k $3.8m $3.8m 0.20% Reduced -181.1k -181,118
71 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 377,917377.9k $4.0m $4.0m 0.00% Added +46.2k +46,186
72 Ethic Inc. 0.06% of their portfolio NEW YORK, NY 375,585375.6k $3.9m $3.9m 0.06% Reduced -2.8k -2,810
73 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 374,714374.7k $3.9m $3.9m 0.00% Added +33.3k +33,264
74 Naviter Wealth, LLC 0.43% of their portfolio LITTLE ROCK, AR 355,996356.0k $3.7m $3.7m 0.43% Added +10.9k +10,927
75 MARIETTA INVESTMENT PARTNERS LLC 0.71% of their portfolio MILWAUKEE, WI 352,750352.8k $3.7m $3.7m 0.71% Added +2.7k +2,672
76 NewEdge Wealth, LLC 0.05% of their portfolio STAMFORD, CT 346,584346.6k $3.5m $3.5m 0.05% Added +13.9k +13,887
77 SIGNATUREFD, LLC 0.06% of their portfolio ATLANTA, GA 344,205344.2k $3.6m $3.6m 0.06% Added +12.7k +12,674
78 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 342,738342.7k $3.6m $3.6m 0.00% Added +249.5k +249,458
79 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 341,749341.7k $3.6m $3.6m 0.01% Added +13.9k +13,926
80 Arlington Capital Management, Inc. 2.28% of their portfolio ARLINGTON HEIGHTS, IL 341,096341.1k $3.6m $3.6m 2.28% Added +18.7k +18,655
81 Walleye Capital LLC 0.03% of their portfolio NEW YORK, NY 334,820334.8k $3.5m $3.5m 0.03% Added +272.3k +272,285
82 Callan Family Office, LLC 0.11% of their portfolio RADNOR, PA 324,982325.0k $3.4m $3.4m 0.11% Reduced -75.5k -75,460
83 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 324,452324.5k $3.4m $3.4m 0.00% Reduced -90.1k -90,145
84 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 311,834311.8k $3.3m $3.3m 0.00% Reduced -37.0k -36,983
85 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 311,111311.1k $3.3m $3.3m 0.01% Added +20.9k +20,914
86 Integrated Quantitative Investments LLC 0.92% of their portfolio BELLEVUE, WA 309,914309.9k $3.2m $3.2m 0.92% Reduced -222.4k -222,390
87 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 307,781307.8k $3.2m $3.2m 0.00% Added +287.9k +287,893
88 Vestmark Advisory Solutions, Inc. 0.06% of their portfolio Wakefield, MA 306,442306.4k $3.2m $3.2m 0.06% Reduced -151.4k -151,390
89 Calamos Wealth Management LLC 0.11% of their portfolio NAPERVILLE, IL 292,040292.0k $3.1m $3.1m 0.11% Added +22.8k +22,787
90 CacheTech Inc. 0.60% of their portfolio LOGAN, UT 283,658283.7k $3.0m $3.0m 0.60% Reduced -60.8k -60,766
91 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 275,131275.1k $2.9m $2.9m 0.00% Added +152.9k +152,887
92 Adams Wealth Management 0.58% of their portfolio LOGAN, UT 260,236260.2k $2.7m $2.7m 0.58% Reduced -84.2k -84,188
93 Forum Financial Management, LP 0.04% of their portfolio LOMBARD, IL 254,344254.3k $2.7m $2.7m 0.04% Unchanged
94 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 249,785249.8k $2.7m $2.7m 0.00% Added +76.5k +76,453
95 Pekin Hardy Strauss, Inc. 0.26% of their portfolio CHICAGO, IL 249,110249.1k $2.6m $2.6m 0.26% Added +7.9k +7,860
96 ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 0.13% of their portfolio SALT LAKE CITY, UT 245,231245.2k $2.6m $2.6m 0.13% Added +55.3k +55,272
97 SCOTIA CAPITAL INC. 0.01% of their portfolio TORONTO, A6 240,956241.0k $2.5m $2.5m 0.01% Reduced -8.9k -8,937
98 YOUSIF CAPITAL MANAGEMENT, LLC 0.03% of their portfolio BLOOMFIELD HILLS, MI 234,396234.4k $2.5m $2.5m 0.03% Reduced -30.5k -30,540
99 GUARDIAN CAPITAL LP 0.08% of their portfolio TORONTO, A6 228,126228.1k $2.4m $2.4m 0.08% Added +87.1k +87,054
100 Compound Planning, Inc. 0.08% of their portfolio NEW YORK, NY 225,879225.9k $2.4m $2.4m 0.08% Added +31.8k +31,751