<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/npx" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>N-PX</submissionType>
    <filerInfo>
      <registrantType>IM</registrantType>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001739361</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <periodOfReport>06/30/2026</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <yearOrQuarter>YEAR</yearOrQuarter>
      <reportCalendarYear>2026</reportCalendarYear>
      <reportingPerson>
        <name>SAM Investment Holdings, S.L.</name>
        <phoneNumber>34-615-900-005</phoneNumber>
        <address>
          <com:street1>Ciudad Grupo Santander</com:street1>
          <com:street2>Building Pinar Floor 0</com:street2>
          <com:city>Boadilla del Monte.- Madrid</com:city>
          <com:stateOrCountry>U3</com:stateOrCountry>
          <com:zipCode>28660</com:zipCode>
        </address>
      </reportingPerson>
      <agentForService>
        <name>Antonio Faz</name>
        <address>
          <com:street1>Ciudad Grupo Santander</com:street1>
          <com:street2>Building Pinar Floor 0</com:street2>
          <com:city>Boadilla del Monte.- Madrid</com:city>
          <com:stateOrCountry>U3</com:stateOrCountry>
          <com:zipCode>28660</com:zipCode>
        </address>
      </agentForService>
      <reportInfo>
        <reportType>INSTITUTIONAL MANAGER VOTING REPORT</reportType>
      </reportInfo>
      <fileNumber>028-18759</fileNumber>
      <explanatoryInformation>
        <explanatoryChoice>N</explanatoryChoice>
      </explanatoryInformation>
    </coverPage>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
    </summaryPage>
    <signaturePage>
      <reportingPerson>SAM Investment Holdings, S.L.</reportingPerson>
      <txSignature>Antonio Faz</txSignature>
      <txPrintedSignature>Antonio Faz</txPrintedSignature>
      <txTitle>Legal Head</txTitle>
      <txAsOfDate>08/14/2026</txAsOfDate>
    </signaturePage>
  </formData>
</edgarSubmission>
