SAN Banco Santander S.A.
XNYS
12.21
+0.00%
After hours
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
SAN
$12.21
▲ +0.00%
What changed
Recent filings, trades and movesKey stats
$12.21
After hours
$12.21
+0.00%
- 52-Week Range
- $10.05 – $15.05
- YTD
- +1.16%
- IV Rank (30D)
- 100.0
- Straddle Price
- $1.07
- P/C Vol Ratio
- 0.36
- Market Cap
- $174.7B
- Open
- $12.15
- Day Range
- $12.14 – $12.21
- Volume
- 4,488,408
- Prev Close
- $12.13
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.88% |
| Beta vs SPY | 1.03 |
| Cost of Equity (CAPM) | 10.53% (VRP-adj) |
| WACC | 10.55% |
| Volatility Risk Premium | +45.9pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Quality Score | 0/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $13.43 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $12.31 |
| Bollinger Width / SMA20 | 20.6% (drives anchor stability) |
| Net Debt | $0.0B |
| Market Cap | $175B |
Peers used for multiples: ASML, BBVA, MC, MUFG, RY
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
10%
20-Day Fair Value
≈ by Dec 14, 2026
$12.12
α -0.8%
rank 15%
conviction
58%
40-Day Fair Value
≈ by Jan 12, 2027
$12.17
α -0.3%
rank 15%
conviction
13%
60-Day Fair Value
≈ by Feb 10, 2027
$12.17
α -0.4%
rank 15%
conviction
10%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $3.94 | 36% | |
| Peer P/E | n/a | 0% | |
| Peer EV/EBITDA | n/a | 0% | |
| Peer P/B | n/a | 0% | |
| Peer P/S | n/a | 0% | |
| Market Anchor (SMA50) | $13.43 | 42% | stability 47% (BB-width) |
| Options Expected (B-L 30d) | $12.26 | 22% | 10 strikes · skew +0.41 |
As of 2026-11-13 · updated
Related
About
- Industry (SIC)
- COMMERCIAL BANKS, NEC (6029) · industry map
- Exchange
- XNYS
- Market Cap
- $174.7B
- Employees
- 185,279
- List Date
- 1987-07-30
- CIK
- 0000891478
- Homepage
- https://www.santander.com
Santander runs five global businesses: retail and commercial banking, corporate and investment banking, wealth management and insurance, payments, and a digital platform Openbank. Spain is the largest single profit contributor, followed by Brazil, the United States, Mexico and the United Kingdom.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -4.56% | 4.76% | 15.00% | -4.08% | 14.13% | 5.63% | 5.15% |
| Feb | 18.98% | -7.18% | 11.40% | 1.23% | 28.89% | -5.36% | 7.99% |
| Mar | -2.83% | 7.64% | -5.63% | 16.63% | 3.55% | -5.69% | 2.28% |
| Apr | 11.40% | -17.24% | -6.97% | 0.00% | 3.24% | 5.36% | -0.70% |
| May | 10.50% | 11.85% | -7.49% | 9.17% | 14.35% | 3.40% | 6.96% |
| Jun | -8.22% | -11.39% | 12.42% | -11.81% | 3.49% | 11.83% | -0.61% |
| Jul | -7.32% | -12.41% | 7.47% | 2.11% | 4.11% | 1.95% | -0.68% |
| Aug | 1.10% | -1.23% | -1.02% | 8.97% | 13.45% | 0.76% | 3.67% |
| Sep | -3.47% | -2.52% | 0.27% | 6.25% | 11.02% | -3.82% | 1.29% |
| Oct | 3.84% | 7.85% | -1.63% | 0.83% | -2.59% | -15.74% | -1.24% |
| Nov | -20.66% | 12.12% | 12.60% | -6.67% | 5.40% | 6.54%* | 1.55% |
| Dec | 6.47% | 0.34% | 0.00% | -1.30% | 8.31% | -- | 2.76% |
| Total | -1.10% | -12.15% | 38.19% | 19.72% | 171.37% | 1.88% | 36.32% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $12.26
SMA 50: $13.37
SMA 200: $12.93
Current: $12.21
EMA 12: $12.21
EMA 26: $12.54
MACD: -0.3265 | Signal: 0.1091
BEARISH
ADX (14): 25.19
TREND
+DI: 29.10
−DI: 35.70
Momentum Oscillators
RSI (14): 44.72
NEUTRAL
Stoch %K: 70.48
Stoch %D: 71.03
Williams %R: -30.13
Volume & Volatility
BB Upper: $13.44
BB Lower: $11.07
NEUTRAL
OBV: 64,090,127
Vol SMA 20: 8,665,995
Vol ROC: -56.22%
ATR: $0.36
True Range: $0.08
HV 20: 50.0%
HV 30: 43.4%
HV 60: 36.3%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-15T00:00:00 – 2026-11-13T00:00:00
AI Analysis
LLM Stock Analysis Report: SAN
Executive Summary
Overall Assessment: NEUTRAL with confidence level 6/10.
Key Drivers:
- Technical signals indicate a neutral trend, with short-term momentum favoring the bulls.
- News sentiment is mostly neutral, with no significant catalysts driving price movements.
- Risk metrics suggest high volatility, which may impact trading decisions.
Primary Risks:
- High volatility may lead to large price swings, making it challenging for investors to navigate.
- Options market signals a 35% expected move by expiration, indicating potential for increased volatility.
Investment Thesis: SAN's stock performance is driven by short-term technical momentum and neutral news sentiment. The high volatility flag requires cautious risk management, while the options market indicates a significant price move may occur before expiration. Investors should consider this information when making decisions about SAN's stock.
Recent News Sentiment Impact: Neutral, with no recent headlines significantly impacting the stock's price movement.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Bullish
- Medium-term (1-3 months): Range-bound
- Long-term (3-12 months): Bearish
Support/Resistance Levels: The upper Bollinger Band at $15.26 serves as a strong resistance level, while the lower band at $13.03 represents support.
Momentum Signals:
- RSI: 62.09 (neutral)
- MACD: Bullish signal with an upward crossover above the signal line.
- Stochastic %K/D: Both indicators are overbought but not excessively so.
Volume Analysis: On-Balance Volume (OBV) is positive, indicating buying pressure in recent trading days. The volume rate of change suggests a moderate increase in trading activity.
News & Sentiment Analysis
Recent Headlines Summary:
- Neutral headlines dominated the news cycle, with no significant events driving price movements.
Sentiment Assessment: Neutral sentiment prevailed, with no major catalysts impacting the stock's performance.
Catalyst Identification: No recent headlines or upcoming events significantly impacting SAN's stock price movement.
Market Narrative: The market narrative remains neutral, with no conflicting signals from technical analysis and news sentiment.
Risk & Volatility Assessment
Risk Metrics:
- Beta: 1.63 (high risk relative to the broader market)
- Alpha: 0.18
- Correlation: 0.63
- Stock Volatility: 0.33
Options Market Signals:
- IV Rank: 28.0% (medium volatility)
- Current IV: 82.9%
- Expected Move: $1.85 (35 DTE), 7-DTE: $0.45
Downside Protection: Support levels at $13.03 and $12.16 provide some protection against potential losses.
Market Context & Positioning
Sector Performance: SAN's sector performance is neutral, with no significant outperformance or underperformance relative to the broader market.
Institutional Activity: Volume patterns suggest institutional interest in SAN, but this trend is not yet conclusive.
Correlation Analysis: The stock moves relatively strongly (R-squared = 0.63) compared to the broader market, indicating a higher degree of volatility.
Relative Valuation: SAN's stock price is positioned within a trading range, with no significant valuation gaps relative to its peers.
Key Levels & Action Items
Critical Price Levels:
- Resistance: $15.26 (upper Bollinger Band)
- Support: $13.03 (lower Bollinger Band)
Breakout/Breakdown Levels: No specific breakout or breakdown levels are identified, as the stock is range-bound in the short term.
Time-Sensitive Catalysts: No imminent earnings dates or other significant events are scheduled to impact SAN's stock price movement.
Risk Management: Stop-loss levels should be set at $13.03 (lower Bollinger Band) to manage potential losses, with position sizing considerations taking into account the high volatility flag.
Please note that this analysis is based on the provided data and does not constitute investment advice. Investors are encouraged to consult additional resources and conduct their own due diligence before making informed decisions about SAN's stock.
Generated
News
All SAN news →
Banco Santander SA raised an offer to buy out minority shareholders of its Brazilian unit by 5%, while saying it still provides an attractive return on invested capital for the Spanish lender.
A group of financial firms including Goldman Sachs Group Inc., Citigroup Inc., Banco Santander SA and Deutsche Bank AG have committed around $270 million in funding toward a joint stablecoin venture, according to people familiar with the matter.
Record profit and 16% RoTE show progress toward 2028 targets amid integration gains.
Showing 1–10 of 16
Page 1 of 2
SAN Options Activity & IV Rank
SAN IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 52.6%
7-DTE IV: 52.6%
Expected Move: $1.07
7-DTE Move: $0.73
Days to Exp: 35 (2026-12-18)
Options Flow · All expiries
Call Volume: 1,140
Put Volume: 408
P/C Volume: 0.358
BULLISH
Call OI: 45,026
Put OI: 18,827
P/C OI: 0.418
Total OI: 63,853
ATM Options Pricing
ATM Call: $0.65
ATM Put: $0.42
Call %: 5.3%
Put %: 3.5%
Chain Summary
Chain Volume: 1,548
Chain OI: 63,853
Last Updated: 11/13/2026
SAN Adjusted Options
1 series · quotes as of Nov 13, 2026SAN's option chain includes one adjusted series. It delivers something other than 100 SAN shares, so its prices don't line up with the standard SAN options at the same strike.
Why they price differently: a standard option delivers 100 shares, so its price follows the stock. An adjusted contract delivers what a split, merger, spinoff or special dividend left in place of those 100 shares: more or fewer shares, shares of another company, or cash. The strike and the 100 multiplier stay the same, so its price follows the value of that package divided by 100, not SAN's share price. Option calculators, implied volatility and expected moves that assume 100 SAN shares get these contracts wrong. They also trade thinly with wide quotes, and new strikes or expiries are rarely added, so they fade out as they expire.
SAN1 Adjusted SAN series
40 contracts (20 calls, 20 puts) · expiring Jan 15, 2027
· open interest 1,492 · volume 16
- Each contract delivers
- 205 SAN shares + $4,882.08 cash
- What it prices off
- The package is worth about $7,385.13 at current prices, so these contracts price off $73.85 a unit, not SAN's $12.21. A call is in the money when that figure is above its strike, a put when it is below.
- Why it exists
- No split in our records explains the share count. A package like this usually comes from a merger or reorganization in which the old options were converted into SAN shares and cash.
| Contract | Bid | Ask | Last | Volume | Open int. | Exercise value |
|---|---|---|---|---|---|---|
| Jan 15, 2027 $72.5 call | $0.05 | $4.90 | — | 0 | 21 | $1.35 |
| Jan 15, 2027 $77.5 call | — | $1.75 | $2.68 | 2 | 19 | $0.00 |
| Jan 15, 2027 $80 call | — | $4.90 | $2.30 | 3 | 35 | $0.00 |
| Jan 15, 2027 $45 put | — | $2.75 | — | 0 | 779 | $0.00 |
| Jan 15, 2027 $47.5 put | — | $0.40 | — | 0 | 575 | $0.00 |
| Jan 15, 2027 $50 put | — | $2.25 | — | 0 | 18 | $0.00 |
| Jan 15, 2027 $72.5 put | $0.05 | $4.90 | $0.50 | 1 | 27 | $0.00 |
| Jan 15, 2027 $77.5 put | $3.00 | $6.40 | — | 0 | 15 | $3.65 |
By expiry (1)
| Expiry | Calls | Puts | Strikes | Open int. | Volume |
|---|---|---|---|---|---|
| Jan 15, 2027 | 20 | 20 | 45 to 105 | 1,492 | 16 |
Deliverables are each series' contract terms. Values use the latest prices we have, so they are approximate, and exercise value ignores the time left to expiry. Splits are from our split records.
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 2nd percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
2%
vs own history
GEX tilt
-0.01
OI-weighted, today
Vanna tilt
+0.40
δ-sensitivity to IV
Charm tilt
-0.65
δ-decay vs time
Vanna tilt +0.40: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.65: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 23 ATM contracts, 30k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Put vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Call vs ATM
IV(call wing) − IV(ATM), in vol pointsThe same measure on the upside: how the OTM call is priced against the at-the-money strike.
- Negative (typical) — calls trade below ATM for most stocks and indices, so the sign alone says little.
- Percentile vs own history: high = upside calls unusually rich for this name (squeezes, takeover talk, commodity supply scares); low = calls cheaper than usual.
Reading them together
Put or call vs ATM tells you how expensive that tail is. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d put
—
—
pts
EXTREME
No data
30 DTE / 10d put
—
—
pts
EXTREME
ATM 35.1% / Put —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)23.4LowNov 13
IV Rank (30 DTE)100.0HighNov 13
Straddle Price (30 DTE)$1.07Nov 13
Beta Analysis
Risk Metrics
Beta: 1.6129
Alpha: -2.61%
Correlation: 0.6092
R-Squared: 37.1%
Stock Volatility: 36.1%
Market Volatility: 13.6%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own SAN
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $5.8M | #1956 of 3716 | +3761.7% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $2.4M | #1299 of 4729 | +1.7% | 13F | |
| Point72 Hedge fund Steve Cohen | $1.6M | #1348 of 1945 | -95.8% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
SAN Institutional Ownership (13F)
Filings for 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
9 filers$34.83M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $7.75M | 22.26% | 2026-06-30 |
| 2 | Optiver Holding B.V. | $7.51M | 21.56% | 2026-06-30 |
| 3 | GROUP ONE TRADING LLC Custodian | $6.41M | 18.41% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $4.33M | 12.43% | 2026-06-30 |
| 5 | Simplex Trading, LLC Custodian | $2.78M | 7.99% | 2026-09-30 |
| 6 | Walleye Trading LLC | $2.70M | 7.75% | 2026-06-30 |
| 7 | Walleye Capital LLC | $2.20M | 6.32% | 2026-06-30 |
| 8 | IMC-Chicago, LLC Custodian | $868.52K | 2.49% | 2026-09-30 |
| 9 | TUDOR INVESTMENT CORP ET AL | $273.24K | 0.78% | 2026-06-30 |
8 filers$16.00M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $6.08M | 37.99% | 2026-06-30 |
| 2 | Walleye Capital LLC | $3.73M | 23.31% | 2026-06-30 |
| 3 | Walleye Trading LLC | $1.47M | 9.16% | 2026-06-30 |
| 4 | Simplex Trading, LLC Custodian | $1.42M | 8.88% | 2026-09-30 |
| 5 | Optiver Holding B.V. | $1.01M | 6.31% | 2026-06-30 |
| 6 | Citadel Advisors LLC Custodian | $917.70K | 5.73% | 2026-06-30 |
| 7 | IMC-Chicago, LLC Custodian | $695.65K | 4.35% | 2026-09-30 |
| 8 | GROUP ONE TRADING LLC Custodian | $684.48K | 4.28% | 2026-06-30 |
ETF Holders
111 ETFs hold SAN
25 shown · $10.93B total exposure · 0.82% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VXUS Vanguard Total International Stock ETF | Vanguard | 0.45% | $3.0B | — | 2026-09-30 |
| 2 | VEA Vanguard FTSE Developed Markets ETF | Vanguard | 0.62% | $2.0B | — | 2026-09-30 |
| 3 | IEFA iShares Core MSCI EAFE ETF | iShares (BlackRock) | 0.71% | $1.4B | $191.0B | 2026-11-11 |
| 4 | EFA iShares MSCI EAFE ETF | iShares (BlackRock) | 0.83% | $641.6M | $77.0B | 2026-11-11 |
| 5 | VGK Vanguard FTSE Europe ETF | Vanguard | 1.29% | $482.7M | — | 2026-09-30 |
| 6 | VEU Vanguard FTSE All-World Ex-US ETF | Vanguard | 0.49% | $477.5M | — | 2026-09-30 |
| 7 | EWP iShares MSCI Spain ETF | iShares (BlackRock) | 17.12% | $355.4M | $2.1B | 2026-11-11 |
| 8 | EFV iShares MSCI EAFE Value ETF | iShares (BlackRock) | 1.05% | $324.6M | $30.8B | 2026-11-11 |
| 9 | IXUS iShares Core MSCI Total International Stock ETF | iShares (BlackRock) | 0.43% | $248.7M | $57.6B | 2026-11-11 |
| 10 | VYMI Vanguard International High Dividend Yield ETF | Vanguard | 1.07% | $239.8M | — | 2026-09-30 |
| 11 | SPDW State Street® SPDR® Portfolio Developed World ex-US ETF | SPDR (State Street) | 0.57% | $239.4M | $41.9B | 2026-11-11 |
| 12 | EZU iShares MSCI Eurozone ETF | iShares (BlackRock) | 2.39% | $224.4M | $9.3B | 2026-11-11 |
| 13 | IDEV iShares Core MSCI International Developed Markets ETF | iShares (BlackRock) | 0.62% | $213.3M | $34.0B | 2026-11-11 |
| 14 | VT Vanguard Total World Stock ETF | Vanguard | 0.17% | $169.7M | — | 2026-09-30 |
| 15 | EUFN iShares MSCI Europe Financials ETF | iShares (BlackRock) | 5.14% | $158.4M | $3.1B | 2026-11-11 |
| 16 | FEZ State Street® SPDR® EURO STOXX 50® ETF | SPDR (State Street) | 3.70% | $157.8M | $4.3B | 2026-11-11 |
| 17 | IEUR iShares Core MSCI Europe ETF | iShares (BlackRock) | 1.15% | $113.5M | $9.8B | 2026-11-11 |
| 18 | EFG iShares MSCI EAFE Growth ETF | iShares (BlackRock) | 0.59% | $90.4M | $15.1B | 2026-11-11 |
| 19 | ACWX iShares MSCI ACWI ex U.S. ETF | iShares (BlackRock) | 0.50% | $90.3M | $18.0B | 2026-11-11 |
| 20 | IDMO Invesco S&P International Developed Momentum ETF | Invesco | 1.90% | $80.0M | — | 2026-11-11 |
| 21 | DFIV Dimensional International Value ETF | Dimensional | 0.35% | $78.5M | $22.5B | 2026-11-11 |
| 22 | IVLU iShares MSCI Intl Value Factor ETF | iShares (BlackRock) | 1.57% | $72.2M | $4.6B | 2026-11-11 |
| 23 | AVDE Avantis International Equity ETF | Avantis | 0.35% | $70.2M | $19.8B | 2026-11-11 |
| 24 | ESGD iShares ESG Aware MSCI EAFE ETF | iShares (BlackRock) | 0.52% | $62.1M | $11.8B | 2026-11-11 |
| 25 | IMTM iShares MSCI Intl Momentum Factor ETF | iShares (BlackRock) | 1.45% | $60.1M | $4.1B | 2026-11-11 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
SAN vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| ASML ASML Holding NV | $577.0B | — | — | +28.5% | 28 |
| RY Royal Bank of Canada | $280.5B | — | — | +18.5% | 77 |
| MUFG Mitsubishi UFJ Financial Group, Inc. | $244.8B | — | — | +36.7% | 33 |
| SAN Banco Santander S.A. | $174.7B | — | — | +1.2% | 100 |
| BBVA Banco Bilbao Vizcaya Argentaria, S.A. | $141.3B | — | — | +8.0% | 81 |
| MC MOELIS & COMPANY | $4.1B | 18.8 | +11.9% | −21.4% | 74 |
| IBE IBE | — | — | — | — | — |
| ITX ITX | — | — | — | — | — |
| REP REP | — | — | — | — | — |
| Peer median | $244.8B | 18.8 | +11.9% | +18.5% | 74 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
32.16M
SI % of Float
0.22%
Days to Cover
3.27
Short Vol Ratio
39.0%
Free Float
—
Float %
—
Short interest 2026-10-15 • Short volume 2026-11-12