Murray Stahl's SAN Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 65,093 shares of Banco Santander, S.A. (SAN) worth $682,175, representing 0.01% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 50 quarters.
Based on 13F filings since 2013, Murray Stahl has maintained a long-term strategic position in SAN, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2024, adding 193,767 shares. Largest reduction occurred in Q3 2025, reducing 189,167 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's Banco Santander (SAN) Holding Value Over Time
Track share changes against reported price movement
Quarterly Banco Santander (SAN) Trades by Murray Stahl
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +11,227 | Add 0.00% | 11,226 | $6.15 |
| Q3 2013 | +11,024 | Add 98.20% | 22,250 | $7.82 |
| Q4 2013 | +9,828 | Add 44.17% | 32,078 | $8.85 |
| Q1 2014 | +10,251 | Add 31.96% | 42,329 | $9.59 |
| Q2 2014 | +3,295 | Add 7.78% | 45,624 | $10.41 |
| Q3 2014 | +926 | Add 2.03% | 46,550 | $9.50 |
| Q4 2014 | +138 | Add 0.30% | 46,688 | $8.33 |
| Q1 2015 | +9,602 | Add 20.57% | 56,290 | $7.44 |
| Q2 2015 | +16,143 | Add 28.68% | 72,433 | $7.01 |
| Q3 2015 | +2,700 | Add 3.73% | 75,133 | $5.28 |
| Q4 2015 | +27,606 | Add 36.74% | 102,739 | $4.87 |
| Q1 2016 | +13,300 | Add 12.95% | 116,039 | $4.36 |
| Q2 2016 | +55,100 | Add 47.48% | 171,139 | $3.92 |
| Q3 2016 | -583 | Reduce 0.34% | 170,556 | $4.41 |
| Q4 2016 | -24,175 | Reduce 14.17% | 146,381 | $5.18 |
| Q1 2017 | -145 | Reduce 0.10% | 146,236 | $6.07 |
| Q2 2017 | -80 | Reduce 0.05% | 146,156 | $6.69 |
| Q3 2017 | -2,000 | Reduce 1.37% | 144,156 | $6.94 |
| Q4 2017 | +2,596 | Add 1.80% | 146,752 | $6.54 |
| Q1 2018 | -3,689 | Reduce 2.51% | 143,063 | $6.55 |
| Q2 2018 | +800 | Add 0.56% | 143,863 | $5.34 |
| Q3 2018 | +2,500 | Add 1.74% | 146,363 | $5.00 |
| Q4 2018 | +1,550 | Add 1.06% | 147,913 | $4.48 |
| Q1 2019 | +157,214 | Add 0.00% | 157,213 | $4.63 |
| Q2 2019 | -5,650 | Reduce 3.59% | 151,563 | $4.58 |
| Q3 2019 | -87 | Reduce 0.06% | 151,476 | $4.02 |
| Q4 2019 | -36,952 | Reduce 24.39% | 114,524 | $4.14 |
| Q1 2020 | -10,551 | Reduce 9.21% | 103,973 | $2.35 |
| Q2 2020 | -45,940 | Reduce 44.18% | 58,033 | $2.41 |
| Q3 2020 | -29,554 | Reduce 50.93% | 28,479 | $1.86 |
| Q4 2020 | +8,600 | Add 30.20% | 37,079 | $3.05 |
| Q1 2021 | +2,000 | Add 5.39% | 39,079 | $3.43 |
| Q2 2021 | +3,000 | Add 7.68% | 42,079 | $3.92 |
| Q4 2021 | -19,169 | Reduce 45.55% | 22,910 | $3.27 |
| Q4 2022 | +750 | Add 3.27% | 23,660 | $2.95 |
| Q1 2023 | +18,750 | Add 79.25% | 42,410 | $3.69 |
| Q4 2023 | -1,000 | Reduce 2.36% | 41,410 | $4.14 |
| Q3 2024 | +193,767 | Add 467.92% | 235,177 | $5.10 |
| Q4 2024 | +15,000 | Add 6.38% | 250,177 | $4.56 |
| Q1 2025 | +333 | Add 0.13% | 250,510 | $6.70 |
| Q2 2025 | +3,750 | Add 1.50% | 254,260 | $8.30 |
| Q3 2025 | -189,167 | Reduce 74.40% | 65,093 | $10.48 |
Murray Stahl's Banco Santander Investment FAQs
Murray Stahl first purchased Banco Santander, S.A. (SAN) in Q2 2013, acquiring 11,226 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl has held Banco Santander, S.A. (SAN) for 50 quarters since Q2 2013. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl's largest addition to Banco Santander, S.A. (SAN) was in Q3 2024, adding 235,177 shares worth $1.2 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 65,093 shares of Banco Santander, S.A. (SAN), valued at approximately $682,175. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Banco Santander, S.A. (SAN) represents approximately 0.01% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl's peak holding in Banco Santander, S.A. (SAN) was 254,260 shares, as reported at the end of Q2 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.