BANCO SANTANDER, S.A.

Filed: 11/12/2025ACC: 0000891478-25-000141

📋 What this filing means

BANCO SANTANDER, S.A. filed this quarterly 13F‑HR report disclosing 471 equity positions with a total reported market value of $11.26B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

471

Positions

$11.26B

Total AUM (reported)

619.83M

Total Shares

Allocation by class

COM$5.22B46.3%

ADS REP 1 UNIT$2.91B25.8%

CL A$396.30M3.5%

COM NEW$287.01M2.5%

ORD SHS$229.57M2.0%

COM CL A$211.28M1.9%

CAP STK CL A$196.68M1.7%

Portfolio Concentration

Top 3$3.91B34.7%

4–10$1.78B15.8%

11–25$1.67B14.9%

Rest$3.90B34.6%

Top 3 weight

34.7%

Top 10 weight

50.5%

Voting Authority Distribution

Total shares with voting rights: 619.83M

Sole

Full voting authority

617.02M

% of voting shares99.5%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

2.81M

% of voting shares0.5%

Investment Discretion (by position count)

Sole264

Shared0

Other207

Dominant voting typeSole · 99.5% of voting shares

Institutional Holdings471

Rows:

BANCO SANTANDER BRASIL S A

DFND

ADS REP 1 UNIT

Shares520.22M

TypeSH

Market value$2.91B

25.82%

Sole

520.22M

Shared

0.00

None

0.00

NVIDIA CORPORATION

SOLE

COM

Shares3.06M

TypeSH

Market value$570.04M

5.06%

Sole

3.02M

Shared

0.00

None

34.51K

MICROSOFT CORP

SOLE

COM

Shares831.87K

TypeSH

Market value$430.87M

3.83%

Sole

817.44K

Shared

0.00

None

14.43K

AMAZON COM INC

SOLE

COM

Shares1.54M

TypeSH

Market value$337.58M

3.00%

Sole

1.52M

Shared

0.00

None

19.52K

APPLE INC

SOLE

COM

Shares1.31M

TypeSH

Market value$333.18M

2.96%

Sole

1.29M

Shared

0.00

None

16.59K

FERRARI N V

SOLE

COM

Shares578.12K

TypeSH

Market value$280.52M

2.49%

Sole

577.65K

Shared

0.00

None

472.00

FERROVIAL SE

SOLE

ORD SHS

Shares3.87M

TypeSH

Market value$226.67M

2.01%

Sole

3.64M

Shared

0.00

None

232.60K

META PLATFORMS INC

SOLE

CL A

Shares282.74K

TypeSH

Market value$207.64M

1.84%

Sole

276.54K

Shared

0.00

None

6.20K

TESLA INC

SOLE

COM

Shares442.75K

TypeSH

Market value$196.90M

1.75%

Sole

442.63K

Shared

0.00

None

116.00

ALPHABET INC

SOLE

CAP STK CL A

Shares809.04K

TypeSH

Market value$196.68M

1.75%

Sole

792.36K

Shared

0.00

None

16.69K

BROADCOM INC

SOLE

COM

Shares493.99K

TypeSH

Market value$162.97M

1.45%

Sole

492.06K

Shared

0.00

None

1.93K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares243.75K

TypeSH

Market value$162.38M

1.44%

Sole

208.08K

Shared

0.00

None

35.67K

JPMORGAN CHASE & CO.

SOLE

COM

Shares452.61K

TypeSH

Market value$142.77M

1.27%

Sole

426.83K

Shared

0.00

None

25.79K

DEUTSCHE BANK A G

SOLE

NAMEN AKT

Shares3.88M

TypeSH

Market value$137.55M

1.22%

Sole

3.88M

Shared

0.00

None

3.78K

VANGUARD INDEX FDS

DFND

S&P 500 ETF SHS

Shares220.54K

TypeSH

Market value$135.06M

1.20%

Sole

210.90K

Shared

0.00

None

9.64K

SPDR GOLD TR

SOLE

GOLD SHS

Shares322.78K

TypeSH

Market value$114.74M

1.02%

Sole

294.48K

Shared

0.00

None

28.30K

ALPHABET INC

SOLE

CAP STK CL C

Shares464.94K

TypeSH

Market value$113.24M

1.01%

Sole

455.57K

Shared

0.00

None

9.36K

INVESCO EXCH TRADED FD TR II

SOLE

NASDAQ 100 ETF

Shares425.12K

TypeSH

Market value$105.06M

0.93%

Sole

425K

Shared

0.00

None

120.00

COTY INC

SOLE

COM CL A

Shares23.11M

TypeSH

Market value$93.38M

0.83%

Sole

23.11M

Shared

0.00

None

0.00

STELLANTIS N.V

SOLE

SHS

Shares9.53M

TypeSH

Market value$88.97M

0.79%

Sole

9.52M

Shared

0.00

None

5.68K

WALMART INC

SOLE

COM

Shares853.10K

TypeSH

Market value$87.92M

0.78%

Sole

845.95K

Shared

0.00

None

7.16K

ELI LILLY & CO

SOLE

COM

Shares111.27K

TypeSH

Market value$84.90M

0.75%

Sole

108.47K

Shared

0.00

None

2.80K

ORACLE CORP

SOLE

COM

Shares293.87K

TypeSH

Market value$82.65M

0.73%

Sole

292.94K

Shared

0.00

None

933.00

VISA INC

SOLE

COM CL A

Shares242.03K

TypeSH

Market value$82.62M

0.73%

Sole

235.33K

Shared

0.00

None

6.70K

NETFLIX INC

SOLE

COM

Shares66.65K

TypeSH

Market value$79.91M

0.71%

Sole

66.34K

Shared

0.00

None

307.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
BANCO SANTANDER BRASIL S ADFND	ADS REP 1 UNIT	520.22M	SH	$2.91B 25.82%	520.22M	0.00
NVIDIA CORPORATIONSOLE	COM	3.06M	SH	$570.04M 5.06%	3.02M	34.51K
MICROSOFT CORPSOLE	COM	831.87K	SH	$430.87M 3.83%	817.44K	14.43K
AMAZON COM INCSOLE	COM	1.54M	SH	$337.58M 3.00%	1.52M	19.52K
APPLE INCSOLE	COM	1.31M	SH	$333.18M 2.96%	1.29M	16.59K
FERRARI N VSOLE	COM	578.12K	SH	$280.52M 2.49%	577.65K	472.00
FERROVIAL SESOLE	ORD SHS	3.87M	SH	$226.67M 2.01%	3.64M	232.60K
META PLATFORMS INCSOLE	CL A	282.74K	SH	$207.64M 1.84%	276.54K	6.20K
TESLA INCSOLE	COM	442.75K	SH	$196.90M 1.75%	442.63K	116.00
ALPHABET INCSOLE	CAP STK CL A	809.04K	SH	$196.68M 1.75%	792.36K	16.69K
BROADCOM INCSOLE	COM	493.99K	SH	$162.97M 1.45%	492.06K	1.93K
SPDR S&P 500 ETF TRSOLE	TR UNIT	243.75K	SH	$162.38M 1.44%	208.08K	35.67K
JPMORGAN CHASE & CO.SOLE	COM	452.61K	SH	$142.77M 1.27%	426.83K	25.79K
DEUTSCHE BANK A GSOLE	NAMEN AKT	3.88M	SH	$137.55M 1.22%	3.88M	3.78K
VANGUARD INDEX FDSDFND	S&P 500 ETF SHS	220.54K	SH	$135.06M 1.20%	210.90K	9.64K
SPDR GOLD TRSOLE	GOLD SHS	322.78K	SH	$114.74M 1.02%	294.48K	28.30K
ALPHABET INCSOLE	CAP STK CL C	464.94K	SH	$113.24M 1.01%	455.57K	9.36K
INVESCO EXCH TRADED FD TR IISOLE	NASDAQ 100 ETF	425.12K	SH	$105.06M 0.93%	425K	120.00
COTY INCSOLE	COM CL A	23.11M	SH	$93.38M 0.83%	23.11M	0.00
STELLANTIS N.VSOLE	SHS	9.53M	SH	$88.97M 0.79%	9.52M	5.68K
WALMART INCSOLE	COM	853.10K	SH	$87.92M 0.78%	845.95K	7.16K
ELI LILLY & COSOLE	COM	111.27K	SH	$84.90M 0.75%	108.47K	2.80K
ORACLE CORPSOLE	COM	293.87K	SH	$82.65M 0.73%	292.94K	933.00
VISA INCSOLE	COM CL A	242.03K	SH	$82.62M 0.73%	235.33K	6.70K
NETFLIX INCSOLE	COM	66.65K	SH	$79.91M 0.71%	66.34K	307.00

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