Horizon Kinetics Asset Management’s Banco Santander SAN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$703K	Sell	62,310 -2,750	-4%	-$32.8K	0.01%	194
2025 Q4	$763K	Sell	65,060 -33	-0.1%	-$350	0.01%	188
2025 Q3	$682K	Sell	65,093 -189,167	-74%	-$1.76M	0.01%	204
2025 Q2	$2.11M	Buy	254,260 +3,750	+1%	+$27.9K	0.03%	123
2025 Q1	$1.68M	Buy	250,510 +333	+0.1%	+$1.95K	0.02%	129
2024 Q4	$1.14M	Buy	250,177 +15,000	+6%	+$72.1K	0.01%	165
2024 Q3	$1.2M	Buy	235,177 +193,767	+468%	+$932K	0.02%	160
2024 Q2	$192K	Hold	41,410	–	–	﹤0.01%	289
2024 Q1	$200K	Hold	41,410	–	–	﹤0.01%	287
2023 Q4	$171K	Sell	41,410 -1,000	-2%	-$3.91K	﹤0.01%	289
2023 Q3	$159K	Hold	42,410	–	–	﹤0.01%	294
2023 Q2	$157K	Hold	42,410	–	–	﹤0.01%	302
2023 Q1	$156K	Buy	42,410 +18,750	+79%	+$66.8K	﹤0.01%	301
2022 Q4	$69.8K	Buy	23,660 +750	+3%	+$2.05K	﹤0.01%	310
2022 Q3	$53K	Hold	22,910	–	–	﹤0.01%	320
2022 Q2	$64K	Hold	22,910	–	–	﹤0.01%	326
2022 Q1	$77K	Hold	22,910	–	–	﹤0.01%	338
2021 Q4	$75K	Sell	22,910 -19,169	-46%	-$67.3K	﹤0.01%	343
2021 Q3	$152K	Hold	42,079	–	–	﹤0.01%	327
2021 Q2	$165K	Buy	42,079 +3,000	+8%	+$11.6K	﹤0.01%	332
2021 Q1	$134K	Buy	39,079 +2,000	+5%	+$6.78K	﹤0.01%	333
2020 Q4	$113K	Buy	37,079 +7,362	+25%	+$18.6K	﹤0.01%	343
2020 Q3	$53K	Sell	29,717 -30,839	-51%	-$66.3K	﹤0.01%	356
2020 Q2	$140K	Sell	60,556 -47,938	-44%	-$105K	0.01%	393
2020 Q1	$244K	Sell	108,494 -11,009	-9%	-$37.8K	0.01%	293
2019 Q4	$474K	Sell	119,503 -38,559	-24%	-$150K	0.01%	253
2019 Q3	$609K	Sell	158,062 -91	-0.1%	-$361	0.02%	231
2019 Q2	$694K	Sell	158,153 -5,895	-4%	-$26.5K	0.02%	222
2019 Q1	$728K	Buy	+164,048	New	+$748K	0.02%	216