5 Stocks Billionaire Ken Fisher May Never Sell

4. Banco Santander (NYSE:SAN)

Value of Fisher Investments’ 13F Position: $466 million

Number of Hedge Fund Shareholders: 9

Ken Fisher has also been a decades-long shareholder of Banco Santander (NYSE:SAN), which ranks as one of the 4 Best European Bank Stocks to Buy Now. During Q1, Fisher’s investment firm hiked its SAN stake by 7% to just under 138 million shares. Overall hedge fund ownership of SAN has been muted for years, with just eight other firms in our database being long the shares on March 31.

Banco Santander (NYSE:SAN) grew its customer base by 2 million during the first quarter of the year, and by 7 million over the past 12 months. Its digital customer base is growing at an even faster percentage, with 5 million more digital customers being added since the first quarter of 2021, giving the Spanish financial services giant nearly 50 million digital customers in total. Its digital consumer bank grew lending by 17% during the quarter.

Banco Santander (NYSE:SAN) is looking to expand its influence among a younger and more digital-savvy audience by recently announcing its sponsorship of the League of Legends European Championship and the Liga Latinoamérica. The European Championship averages an Average Minute Audience of over 470,000 viewers.