Saratoga Research & Investment Management — 13F Holdings & Portfolio
CIK 1477872 · latest 13F-HR filed 2026-05-08
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$1.76B
Long-equity book
46
Distinct positions
2026-03-31
Filed 2026-05-08
+2 / −3 / ↑15 / ↓22
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- NVIDIA Corp.$37.8M +180.4%
- Novo Nordisk A/S$32.0M +34.0%
- The Procter & Gamble Co.$20.8M +66.4%
- Honeywell International Inc.$10.3M +37.6%
- ASML Holding N.V.$9.8M +13.0%
Top Trims
- Alphabet Inc.-$49.7M -22.1%
- Roche Holding AG-$30.3M -32.1%
- Unilever PLC-$14.5M -11.9%
- Johnson & Johnson-$12.3M -12.9%
- Adobe Inc-$12.1M -95.7%
New Positions
- Vanguard Index Funds REAL ESTATE ETF$480.2K
- Enterprise Products Partners L.P.$203.4K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | Alphabet Inc. | GOOGL | 02079K305 | $175.6M | 9.96% | 610,629 | SH |
| 2 | Microsoft Corp. | MSFT | 594918104 | $136.5M | 7.75% | 368,821 | SH |
| 3 | Berkshire Hathaway Inc. | BRK.B | 084670702 | $130.4M | 7.40% | 272,031 | SH |
| 4 | Novo Nordisk A/S | NVO | 670100205 | $126.3M | 7.17% | 3,436,329 | SH |
| 5 | Walt Disney Company | DIS | 254687106 | $108.8M | 6.17% | 1,128,428 | SH |
| 6 | Unilever PLC | UL | 904767803 | $106.7M | 6.06% | 1,873,359 | SH |
| 7 | Medtronic PLC | MDT | G5960L103 | $101.9M | 5.78% | 1,175,571 | SH |
| 8 | ASML Holding N.V. | ASML | N07059210 | $84.9M | 4.82% | 64,285 | SH |
| 9 | Johnson & Johnson | JNJ | 478160104 | $83.0M | 4.71% | 339,441 | SH |
| 10 | General Dynamics Corporation | GD | 369550108 | $66.7M | 3.78% | 194,242 | SH |
| 11 | Roche Holding AG | RHHBY | 771195104 | $64.2M | 3.64% | 1,291,630 | SH |
| 12 | NVIDIA Corp. | NVDA | 67066G104 | $58.7M | 3.33% | 336,724 | SH |
| 13 | Starbucks Corp. | SBUX | 855244109 | $56.4M | 3.20% | 629,785 | SH |
| 14 | The Procter & Gamble Co. | PG | 742718109 | $52.0M | 2.95% | 360,225 | SH |
| 15 | RTX Corp. | RTX | 75513E101 | $50.0M | 2.84% | 259,071 | SH |
| 16 | Visa Inc | V | 92826C839 | $47.3M | 2.68% | 156,373 | SH |
| 17 | Eli Lilly & Co. | LLY | 532457108 | $42.8M | 2.43% | 46,525 | SH |
| 18 | C.H. Robinson Worldwide Inc | CHRW | 12541W209 | $41.8M | 2.37% | 251,844 | SH |
| 19 | Honeywell International Inc. | HON | 438516106 | $37.5M | 2.13% | 165,945 | SH |
| 20 | Home Depot Inc. | HD | 437076102 | $29.2M | 1.66% | 88,808 | SH |
| 21 | Apple Inc. | AAPL | 037833100 | $28.4M | 1.61% | 111,983 | SH |
| 22 | Diageo PLC | DEO | 25243Q205 | $28.2M | 1.60% | 378,141 | SH |
| 23 | Pepsico Inc | PEP | 713448108 | $26.9M | 1.53% | 173,317 | SH |
| 24 | Accenture PLC | ACN | G1151C101 | $26.5M | 1.50% | 133,660 | SH |
| 25 | SPDR Bloomberg 1-3 Month T-Bill ETF | BIL | 78468R663 | $19.7M | 1.12% | 215,077 | SH |
| 26 | Colgate-Palmolive Co. | CL | 194162103 | $16.2M | 0.92% | 190,095 | SH |
| 27 | Nike, Inc. | NKE | 654106103 | $6.2M | 0.35% | 116,594 | SH |
| 28 | Zoetis Inc. | ZTS | 98978V103 | $983.0K | 0.06% | 8,316 | SH |
| 29 | Alphabet Inc. | GOOG | 02079K107 | $835.6K | 0.05% | 2,913 | SH |
| 30 | Amgen Inc. | AMGN | 031162100 | $811.4K | 0.05% | 2,306 | SH |
| 31 | Cisco Systems, Inc. | CSCO | 17275R102 | $800.2K | 0.05% | 10,313 | SH |
| 32 | Coca-Cola Co (The) | KO | 191216100 | $749.0K | 0.04% | 9,849 | SH |
| 33 | International Business Machines Corp. | IBM | 459200101 | $662.5K | 0.04% | 2,733 | SH |
| 34 | Adobe Inc | ADBE | 00724F101 | $539.9K | 0.03% | 2,221 | SH |
| 35 | Sysco Corporation | SYY | 871829107 | $519.6K | 0.03% | 7,284 | SH |
| 36 | Amphenol Corporation | APH | 032095101 | $505.7K | 0.03% | 4,002 | SH |
| 37 | Vanguard Index Funds REAL ESTATE ETF | VNQ | 922908553 | $480.2K | 0.03% | 5,414 | SH |
| 38 | Lowes Companies, Inc. | LOW | 548661107 | $470.9K | 0.03% | 1,993 | SH |
| 39 | Lockheed Martin Corporation | LMT | 539830109 | $420.1K | 0.02% | 695 | SH |
| 40 | Amazon.com, Inc. | AMZN | 023135106 | $416.5K | 0.02% | 2,000 | SH |
| 41 | Paychex Inc | PAYX | 704326107 | $357.8K | 0.02% | 3,884 | SH |
| 42 | Price T Rowe Group Inc. | TROW | 74144T108 | $268.3K | 0.02% | 2,977 | SH |
| 43 | Novartis AG | NVS | 66987V109 | $227.6K | 0.01% | 1,490 | SH |
| 44 | JPMorgan US Quality Factor ETF | JQUA | 46641Q761 | $208.9K | 0.01% | 3,406 | SH |
| 45 | Enterprise Products Partners L.P. | EPD | 293792107 | $203.4K | 0.01% | 5,376 | SH |
| 46 | United Security Bs | UBFO | 911460103 | $115.6K | 0.01% | 11,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-08 | $1.76B | 46 | 0001477872-26-000003 |
| 2025-12-31 | 2026-02-05 | $1.91B | 47 | 0001477872-26-000001 |