Saratoga Research & Investment Management
CIK 0001477872
Annualised vol
11.920214%
Beta
0.569818
HHI
527.839589
Top-10 weight
64.071333%
VaR 95%
1.089088%
VaR 99%
2.220669%
Max drawdown
20.771572%
Matched value
86.243706%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| GOOGL | REDUCED | 501,249 | 613,542 | -18.3% | 179,119,926 |
| NVO | REDUCED | 3,236,009 | 3,436,329 | -5.83% | 155,134,271 |
| BRK-B | REDUCED | 257,895 | 272,031 | -5.2% | 129,048,079 |
| MSFT | REDUCED | 334,179 | 368,821 | -9.39% | 124,655,451 |
| UL | ADDED | 1,986,430 | 1,873,359 | 6.04% | 119,424,172 |
| DIS | REDUCED | 1,083,810 | 1,128,428 | -3.95% | 104,316,713 |
| MDT | ADDED | 1,203,285 | 1,175,571 | 2.36% | 94,132,986 |
| NVDA | ADDED | 384,865 | 336,724 | 14.3% | 77,007,638 |
| JNJ | REDUCED | 278,459 | 339,441 | -17.97% | 70,720,232 |
| LLY | ADDED | 53,862 | 46,525 | 15.77% | 64,603,699 |
| GD | REDUCED | 180,394 | 194,242 | -7.13% | 63,902,771 |
| SBUX | REDUCED | 587,872 | 629,785 | -6.66% | 60,074,640 |
| V | REDUCED | 147,779 | 156,373 | -5.5% | 50,701,497 |
| RTX | REDUCED | 243,447 | 259,071 | -6.03% | 46,189,199 |
| CHRW | REDUCED | 235,112 | 251,844 | -6.64% | 44,280,994 |
| HD | REDUCED | 84,878 | 88,808 | -4.43% | 29,934,773 |
| AAPL | REDUCED | 100,400 | 111,983 | -10.34% | 29,051,744 |
| DEO | REDUCED | 361,038 | 378,141 | -4.52% | 29,020,234 |
| PEP | REDUCED | 164,728 | 173,317 | -4.96% | 22,304,187 |
| HON | REDUCED | 75,789 | 165,945 | -54.33% | 16,969,157 |
| HONA | NEW | 75,656 | - | - | 16,726,028 |
| CL | REDUCED | 175,603 | 190,095 | -7.62% | 16,099,283 |
| ISRG | NEW | 38,044 | - | - | 15,129,338 |
| EMR | NEW | 71,924 | - | - | 10,295,921 |
| BCML | NEW | 32,035 | - | - | 1,053,952 |
| KO | UNCHANGED | 9,849 | 9,849 | 0.0% | 800,428 |
| AMGN | REDUCED | 2,181 | 2,306 | -5.42% | 789,784 |
| IBM | REDUCED | 2,624 | 2,733 | -3.99% | 737,895 |
| ZTS | REDUCED | 8,249 | 8,316 | -0.81% | 592,773 |
| CSCO | REDUCED | 4,493 | 10,313 | -56.43% | 527,748 |
| AMZN | UNCHANGED | 2,000 | 2,000 | 0.0% | 476,680 |
| LOW | ADDED | 2,008 | 1,993 | 0.75% | 442,744 |
| ACN | REDUCED | 3,518 | 133,660 | -97.37% | 437,780 |
| LMT | UNCHANGED | 695 | 695 | 0.0% | 354,075 |
| TROW | UNCHANGED | 2,977 | 2,977 | 0.0% | 338,455 |
| PAYX | REDUCED | 3,349 | 3,884 | -13.77% | 329,307 |
| NVS | UNCHANGED | 1,490 | 1,490 | 0.0% | 233,513 |
| MO | NEW | 2,920 | - | - | 210,094 |
| NKE | CLOSED OUT | 0 | 116,594 | -100.0% | 0 |
| SYY | CLOSED OUT | 0 | 7,284 | -100.0% | 0 |
| EPD | CLOSED OUT | 0 | 5,376 | -100.0% | 0 |
| ADBE | CLOSED OUT | 0 | 2,221 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| GOOGL | REDUCED | Alphabet Inc. | COM | 02079K305 | 178,120,355 | 9.75 | 498420.0 |
| NVO | REDUCED | Novo Nordisk A/S | COM | 670100205 | 155,134,271 | 8.49 | 3236009.0 |
| BRK-B | REDUCED | Berkshire Hathaway Inc. | COM | 084670702 | 129,048,079 | 7.06 | 257895.0 |
| MSFT | REDUCED | Microsoft Corp. | COM | 594918104 | 124,655,451 | 6.82 | 334179.0 |
| UL | ADDED | Unilever PLC | COM | 904767803 | 119,424,172 | 6.53 | 1986430.0 |
| - | ASML Holding N.V. | COM | N07059210 | 118,391,574 | 6.48 | 59510.0 | |
| DIS | REDUCED | Walt Disney Company | COM | 254687106 | 104,316,713 | 5.71 | 1083810.0 |
| MDT | ADDED | Medtronic PLC | COM | G5960L103 | 94,132,986 | 5.15 | 1203285.0 |
| NVDA | ADDED | NVIDIA Corp. | COM | 67066G104 | 77,007,638 | 4.21 | 384865.0 |
| JNJ | REDUCED | Johnson & Johnson | COM | 478160104 | 70,720,232 | 3.87 | 278459.0 |
| LLY | ADDED | Eli Lilly & Co. | COM | 532457108 | 64,603,699 | 3.53 | 53862.0 |
| GD | REDUCED | General Dynamics Corporation | COM | 369550108 | 63,902,771 | 3.5 | 180394.0 |
| - | Roche Holding AG | COM | 771195104 | 61,039,077 | 3.34 | 1188687.0 | |
| SBUX | REDUCED | Starbucks Corp. | COM | 855244109 | 60,074,640 | 3.29 | 587872.0 |
| V | REDUCED | Visa Inc | COM | 92826C839 | 50,701,497 | 2.77 | 147779.0 |
| - | The Procter & Gamble Co. | COM | 742718109 | 49,658,316 | 2.72 | 338641.0 | |
| RTX | REDUCED | RTX Corp. | COM | 75513E101 | 46,189,199 | 2.53 | 243447.0 |
| CHRW | REDUCED | C.H. Robinson Worldwide Inc | COM | 12541W209 | 44,280,994 | 2.42 | 235112.0 |
| HD | REDUCED | Home Depot Inc. | COM | 437076102 | 29,934,773 | 1.64 | 84878.0 |
| AAPL | REDUCED | Apple Inc. | COM | 037833100 | 29,051,744 | 1.59 | 100400.0 |
| DEO | REDUCED | Diageo PLC | COM | 25243Q205 | 29,020,234 | 1.59 | 361038.0 |
| PEP | REDUCED | Pepsico Inc | COM | 713448108 | 22,304,187 | 1.22 | 164728.0 |
| - | SPDR Bloomberg 1-3 Month T-Bill ETF | ETF | 78468R663 | 19,703,425 | 1.08 | 215009.0 | |
| HON | REDUCED | Honeywell International Inc. | COM | 438516205 | 16,969,157 | 0.93 | 75789.0 |
| HONA | NEW | Honeywell Aerospace Inc. | COM | 43849R105 | 16,726,028 | 0.92 | 75656.0 |
| CL | REDUCED | Colgate-Palmolive Co. | COM | 194162103 | 16,099,283 | 0.88 | 175603.0 |
| ISRG | NEW | Intuitive Surgical Inc. | COM | 46120E602 | 15,129,338 | 0.83 | 38044.0 |
| EMR | NEW | Emerson Electric Co. | COM | 291011104 | 10,295,921 | 0.56 | 71924.0 |
| - | JPMorgan US Quality Factor ETF | ETF | 46641Q761 | 1,394,209 | 0.08 | 19289.0 | |
| BCML | NEW | Baycom Corp | COM | 07272M107 | 1,053,952 | 0.06 | 32035.0 |
| GOOGL | REDUCED | Alphabet Inc. | COM | 02079K107 | 999,571 | 0.05 | 2829.0 |
| KO | UNCHANGED | Coca-Cola Co (The) | COM | 191216100 | 800,428 | 0.04 | 9849.0 |
| AMGN | REDUCED | Amgen Inc. | COM | 031162100 | 789,784 | 0.04 | 2181.0 |
| IBM | REDUCED | International Business Machines Corp. | COM | 459200101 | 737,895 | 0.04 | 2624.0 |
| - | Amphenol Corporation | COM | 032095101 | 697,875 | 0.04 | 3958.0 | |
| ZTS | REDUCED | Zoetis Inc. | COM | 98978V103 | 592,773 | 0.03 | 8249.0 |
| CSCO | REDUCED | Cisco Systems, Inc. | COM | 17275R102 | 527,748 | 0.03 | 4493.0 |
| - | Vanguard Index Funds REAL ESTATE ETF | ETF | 922908553 | 522,072 | 0.03 | 5414.0 | |
| AMZN | UNCHANGED | Amazon.com, Inc. | COM | 023135106 | 476,680 | 0.03 | 2000.0 |
| LOW | ADDED | Lowes Companies, Inc. | COM | 548661107 | 442,744 | 0.02 | 2008.0 |
| ACN | REDUCED | Accenture PLC | COM | G1151C101 | 437,780 | 0.02 | 3518.0 |
| LMT | UNCHANGED | Lockheed Martin Corporation | COM | 539830109 | 354,075 | 0.02 | 695.0 |
| TROW | UNCHANGED | Price T Rowe Group Inc. | COM | 74144T108 | 338,455 | 0.02 | 2977.0 |
| PAYX | REDUCED | Paychex Inc | COM | 704326107 | 329,307 | 0.02 | 3349.0 |
| NVS | UNCHANGED | Novartis AG | COM | 66987V109 | 233,513 | 0.01 | 1490.0 |
| MO | NEW | Altria Group, Inc. | COM | 02209S103 | 210,094 | 0.01 | 2920.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-07-23 | 1,827,574,708 | 46 | 11.920214 | 0.569818 | 20.771572 |
| 2026-03-31 | 2026-05-08 | 1,762,249,150 | 46 | 12.225705 | 0.583035 | 22.143502 |
| 2025-12-31 | 2026-02-05 | 1,907,743,899 | 47 | 10.00319 | 0.460824 | 18.955833 |
| 2025-09-30 | 2025-11-17 | 1,922,553,562 | 43 | 12.461044 | 0.590214 | 22.026179 |
| 2025-03-31 | 2025-05-12 | 1,894,297,649 | 44 | 12.149344 | 0.571543 | 22.383591 |
| 2024-12-31 | 2025-02-12 | 1,982,708,476 | 44 | 12.909182 | 0.608181 | 23.95095 |