SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Banco Santander, S.A.
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: The filing metadata indicates a date of March 31, 2026. However, the content provided is a standard Form 13F table listing equity holdings as of a specific quarter-end. The text does not explicitly state the specific quarter (e.g., Q1 2026) within the body, but the metadata suggests the data reflects the portfolio status as of March 31, 2026.
Key Financial Metrics and Portfolio Composition
This filing details the reportable equity securities held by Banco Santander, S.A. It does not contain the bank's own financial performance metrics (revenue, profit, cash flow, or debt). Instead, it lists the value and quantity of external investments.
- Top Holdings by Value (Selected):
- Microsoft Corp: ~$377.2M (Sole Discretion) + ~$271.1M (Discretionary) = ~$648.3M total reported value.
- NVIDIA Corp: ~$410.7M (Discretionary) + ~$10.7M (Sole) = ~$421.4M total reported value.
- Apple Inc: ~$294.3M (Discretionary) + ~$31.6M (Sole) = ~$325.9M total reported value.
- Amazon.com Inc: ~$253.2M (Discretionary) + ~$9.5M (Sole) = ~$262.7M total reported value.
- Banco Santander Brasil S.A.: ~$3.08B (Discretionary). This represents a significant holding in the bank's Brazilian subsidiary.
- Alphabet Inc (Class A & C): Combined value exceeds $1.6B across various discretionary and sole accounts.
- Asset Classes: The portfolio is heavily weighted toward large-cap U.S. technology, healthcare, and financial services equities, alongside significant holdings in Brazilian equities and various ETFs (e.g., iShares, SPDR, Vanguard).
Material Changes vs. Prior Period
Not Applicable: The provided text contains only the snapshot of holdings for the current reporting period. It does not include the prior quarter's data, nor does it contain a "Changes in Holdings" section. Therefore, no material changes, increases, or decreases can be calculated or summarized from this text alone.
Guidance, Outlook, and Risks
Not Applicable: Form 13F filings are regulatory disclosures of holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingency plans regarding the reporting company's own operations. The filing text includes a standard disclaimer that the SEC has not reviewed the information for accuracy.
Investor Verification Checklist
- Reporting Date Accuracy: Verify if the "2026 Mar 31" date in the metadata aligns with the actual filing date, as 2026 is a future date relative to the current real-time context (unless this is a simulated or forward-looking dataset).
- Subsidiary Exposure: Confirm the strategic intent behind the massive holding (~$3.08B) in Banco Santander Brasil S.A. ADS.
- Concentration Risk: Assess the concentration in the top 5 holdings (Microsoft, NVIDIA, Apple, Amazon, Alphabet) which represent a significant portion of the disclosed equity portfolio.
- Voting Authority: Note the split between "Sole," "Shared," and "None" voting authority, which may impact proxy voting strategies for the bank's investment arm.
- ETF Exposure: Review the extensive list of ETF holdings (iShares, SPDR, Vanguard) to understand the passive investment strategy and sector diversification beyond direct stock picks.