Banco Santander Trims Alphabet Inc. Stake

The Spanish bank reduced its holdings in the tech giant by 5.1% in the third quarter.

Published on Mar. 2, 2026

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Banco Santander S.A., a major Spanish bank, reduced its position in Alphabet Inc. (the parent company of Google) by 5.1% in the third quarter of 2025, according to a recent SEC filing. The bank now holds 464,938 shares of Alphabet stock, valued at $113.24 million, making it one of the company's top institutional investors.

Why it matters

Alphabet's stock performance and institutional ownership are closely watched by investors, as the company's core Google business and other ventures continue to be a dominant force in the technology sector. Banco Santander's decision to trim its Alphabet stake provides insight into how some major investors are positioning themselves amid broader market conditions.

The details

In its 13F filing with the SEC, Banco Santander reported selling 24,852 Alphabet shares in the third quarter, reducing its total holdings to 464,938 shares. The bank cited portfolio rebalancing as the reason for the sale. Even with the reduction, Alphabet remains one of Banco Santander's largest equity investments, accounting for approximately 1% of its total portfolio.

  • Banco Santander filed its 13F report for the third quarter of 2025 on March 2, 2026.

The players

Banco Santander S.A.

A major Spanish multinational commercial bank and financial services company headquartered in Santander, Spain.

Alphabet Inc.

The parent company of Google, a multinational technology conglomerate that specializes in internet-related services and products.

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The takeaway

Banco Santander's trimming of its Alphabet stake, while still maintaining a sizable position, reflects the broader trend of institutional investors closely monitoring their exposure to tech giants like Alphabet amid market volatility and economic uncertainty.