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25 /100
LOW RISK
Score updated Oct 13, 2026

SAN — Banco Santander, S.A. Dilution Risk Tracker

Track SAN dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Banco Santander, S.A. (SAN) has a DilutionWatch DilutionScore of 25/100, rated LOW dilution risk. Banco Santander, S.A. has a market capitalization of $198.01B, 14.69B shares outstanding, 90 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
38
💰 Cash Runway
10
📊 Float Risk
0
⚠️ Warrant Exposure
15
🔄 Convertible Debt
15

Dilution Forecast

☀️
Clear
No significant dilution signals
model est. 0%
No significant dilution signals detected for SAN.
🔔 Track SAN — Get forecast alerts →

Market Data

Market Cap$198.01B
Shares Outstanding14.69B
Float14.33B
Cash$359.00B
Debt$457.65B
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore25/100DilutionWatch score record
Shares Outstanding14.69BVerified float table or market cache
Public Float14.33BVerified float table or market cache
Market Cap$198.01BMarket data cache
Cash RunwayNot availableDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 4.

Recent SEC source mix: 424B3 1, 6-K 2, EFFECT 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↓ 11.9% shares (2026Q1 vs prior)
90 institutional holders · 16.50M shares
#1 CITADEL ADVISORS LLC 1.48M shares
#2 DISCOVERY CAPITAL MANAGEMENT, LLC / CT 1.27M shares
#3 TWO SIGMA INVESTMENTS, LP 1.11M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest48.20M
Days to Cover6.8
% of Float0.3%
FINRA data as of Sep 30, 2026

Recent SEC Activity

424B3 ATM 2026-04-23
6-K 8K EVENT 2026-04-23
EFFECT EFFECT 2026-04-22
6-K 8K EVENT 2026-04-15
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual SAN Dilution Snapshot

Banco Santander, S.A. (SAN) has a DilutionScore of 25/100, rated Low dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

SAN's DilutionScore has held steady at 25/100 (Low risk) for 89 consecutive days across the tracked period.

Period Score Risk Level Duration
Jul 16 – Oct 13, 202625/100LOW89 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

SAN shares outstanding have decreased 1.2% from 14.57B (Mar 2026) to 14.40B (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 03, 202614.40B14.33B▲ 0.80%
May 01, 202614.40B14.22B▼ 1.72%
Mar 09, 202614.57B14.47B▼ 0.01%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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