Saratoga Research & Investment Management
CIK 1477872 · View on SEC EDGAR ↗
- Portfolio value
- $1.8B
- Positions
- 46
- As of
- June 30, 2026
#1,612 of 9,443 by 13F value · top 17.1%
Portfolio value QoQ: +3.7% 13F does not disclose cash
- Top 10 holdings weight
- 64.07%
- Top 25 holdings weight
- 97.13%
- Positions above 1%
- 23
- Effective number of positions
- 18.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 4.95% Est. buys $88,934,466 · sells $196,389,802
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 78.0% still held
- New positions
- 6
- Increased
- 6
- Decreased
- 28
- Closed
- 6
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 87.1% · Options excluded: 0.0%
Sector breakdown
Healthcare
22.0%
Technology
19.2%
Communication Services
15.5%
Consumer products
10.1%
Industrials
6.7%
Consumer Discretionary
3.3%
Consumer Staples
2.9%
Financial Services
2.8%
Logistics & Transportation
2.4%
Retail
1.7%
Financials
0.1%
Communications
0.0%
Other/Unmapped
13.4%
Full portfolio 46 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| GOOGL Alphabet Inc. - Class A Common Stock | $178,120,355 | 9.75% | 498,420 | $2,527,880 | Down ×6 | ||
| NVO Novo Nordisk A/S Common Stock | $155,134,271 | 8.49% | 3,236,009 | $28,849,180 | Down ×1 | ||
| BRKB | $129,048,079 | 7.06% | 257,895 | $-1,309,176 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $124,655,451 | 6.82% | 334,179 | $-11,871,019 | Down ×1 | ||
| UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) | $119,424,172 | 6.53% | 1,986,430 | $12,698,910 | Up ×2 | ||
| ASML ASML Holding N.V. - New York Registry Shares | $118,391,574 | 6.48% | 59,510 | $33,482,017 | Down ×4 | ||
| DIS Walt Disney Company (The) Common Stock | $104,316,713 | 5.71% | 1,083,810 | $-4,441,178 | Down ×1 | ||
| MDT Medtronic plc. Ordinary Shares | $94,132,986 | 5.15% | 1,203,285 | $-7,730,241 | Up ×2 | ||
| NVDA NVIDIA Corporation - Common Stock | $77,007,638 | 4.21% | 384,865 | $18,282,972 | Up ×3 | ||
| JNJ Johnson & Johnson Common Stock | $70,720,232 | 3.87% | 278,459 | $-12,252,726 | Down ×6 | ||
| LLY Eli Lilly and Company Common Stock | $64,603,699 | 3.53% | 53,862 | $21,811,400 | Up ×1 | ||
| GD General Dynamics Corporation Common Stock | $63,902,771 | 3.50% | 180,394 | $-2,764,968 | Down ×1 | ||
| RHHBY | $61,039,077 | 3.34% | 1,188,687 | $-3,167,850 | Down ×6 | ||
| SBUX Starbucks Corporation - Common Stock | $60,074,640 | 3.29% | 587,872 | $3,652,202 | Down ×1 | ||
| V Visa Inc. | $50,701,497 | 2.77% | 147,779 | $3,439,321 | Down ×1 | ||
| PG Procter & Gamble Company (The) Common Stock | $49,658,316 | 2.72% | 338,641 | $-2,372,583 | Down ×1 | ||
| RTX RTX Corporation Common Stock | $46,189,199 | 2.53% | 243,447 | $-3,785,597 | Down ×6 | ||
| CHRW C.H. Robinson Worldwide, Inc. - Common Stock | $44,280,994 | 2.42% | 235,112 | $2,457,261 | Down ×6 | ||
| HD Home Depot, Inc. (The) Common Stock | $29,934,773 | 1.64% | 84,878 | $726,710 | Down ×6 | ||
| AAPL Apple Inc. - Common Stock | $29,051,744 | 1.59% | 100,400 | $631,578 | Down ×6 | ||
| DEO Diageo plc Common Stock | $29,020,234 | 1.59% | 361,038 | $867,636 | Down ×1 | ||
| PEP PepsiCo, Inc. - Common Stock | $22,304,187 | 1.22% | 164,728 | $-4,610,210 | Down ×1 | ||
| BIL | $19,703,425 | 1.08% | 215,009 | $-6,231 | Down ×6 | ||
| Unknown issuer (CUSIP: 438516205) | $16,969,157 | 0.93% | 75,789 | Up ×1 | |||
| Unknown issuer (CUSIP: 43849R105) | $16,726,028 | 0.92% | 75,656 | Up ×1 | |||
| CL Colgate-Palmolive Company Common Stock | $16,099,283 | 0.88% | 175,603 | $-102,514 | Down ×1 | ||
| ISRG Intuitive Surgical, Inc. - Common Stock | $15,129,338 | 0.83% | 38,044 | Up ×1 | |||
| EMR Emerson Electric Company Common Stock | $10,295,921 | 0.56% | 71,924 | Up ×1 | |||
| JQUA | $1,394,209 | 0.08% | 19,289 | $1,185,353 | Up ×1 | ||
| BCML BayCom Corp - Common Stock | $1,053,952 | 0.06% | 32,035 | Up ×1 | |||
| GOOG Alphabet Inc. - Class C Capital Stock | $999,571 | 0.05% | 2,829 | $163,948 | Down ×6 | ||
| KO Coca-Cola Company (The) Common Stock | $800,428 | 0.04% | 9,849 | $51,412 | |||
| AMGN Amgen Inc. - Common Stock | $789,784 | 0.04% | 2,181 | $-21,582 | Down ×2 | ||
| IBM International Business Machines Corporation Common Stock | $737,895 | 0.04% | 2,624 | $75,443 | Down ×1 | ||
| APH Amphenol Corporation Common Stock | $697,875 | 0.04% | 3,958 | $192,222 | Down ×2 | ||
| ZTS Zoetis Inc. Class A Common Stock | $592,773 | 0.03% | 8,249 | $-390,261 | Down ×1 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $527,748 | 0.03% | 4,493 | $-272,438 | Down ×4 | ||
| VNQ | $522,072 | 0.03% | 5,414 | $41,850 | |||
| AMZN Amazon.com, Inc. - Common Stock | $476,680 | 0.03% | 2,000 | $60,140 | |||
| LOW Lowe's Companies, Inc. Common Stock | $442,744 | 0.02% | 2,008 | $-28,162 | Up ×2 | ||
| ACN Accenture plc Class A Ordinary Shares (Ireland) | $437,780 | 0.02% | 3,518 | $-26,065,661 | Down ×6 | ||
| LMT Lockheed Martin Corporation Common Stock | $354,075 | 0.02% | 695 | $-65,976 | |||
| TROW T. Rowe Price Group, Inc. - Common Stock | $338,455 | 0.02% | 2,977 | $70,108 | |||
| PAYX Paychex, Inc. - Common Stock | $329,307 | 0.02% | 3,349 | $-28,487 | Down ×1 | ||
| NVS Novartis AG Common Stock | $233,513 | 0.01% | 1,490 | $5,915 | |||
| MO Altria Group, Inc. | $210,094 | 0.01% | 2,920 | Up ×1 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| NVDA | $77,007,638 | 4.21% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| ASML | Trimmed | -5K | +$33.5M |
| NVO | Trimmed | -200K | +$28.8M |
| LLY | Bought more | +7K | +$21.8M |
| NVDA | Bought more | +48K | +$18.3M |
| UL | Bought more | +113K | +$12.7M |
| JNJ | Trimmed | -61K | -$12.3M |
| MSFT | Trimmed | -35K | -$11.9M |
| MDT | Bought more | +28K | -$7.7M |
| PEP | Trimmed | -9K | -$4.6M |
| DIS | Trimmed | -45K | -$4.4M |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| ULXXXX | Dec. 31, 2025 | 2,108,717 | $125,004,751 | No longer tracked |
| ORCL | March 31, 2026 | 345,704 | $67,381,167 | -0.4% |
| HON | June 30, 2026 | 165,945 | $37,508,548 | -1.9% |
| WMT | March 31, 2026 | 153,526 | $17,104,332 | -17.0% |
| NKE | June 30, 2026 | 116,594 | $6,158,495 | -1.2% |
| IVV | March 31, 2026 | 1,688 | $1,156,179 | No longer tracked |
| CTSH | Sept. 30, 2025 | 7,428 | $579,607 | -9.2% |
| ADBE | June 30, 2026 | 2,221 | $539,881 | 33.1% |
| SYY | June 30, 2026 | 7,284 | $519,568 | 0.6% |
| BIIB | March 31, 2025 | 1,448 | $221,428 | 57.6% |
| BDX | June 30, 2025 | 961 | $220,127 | 39.4% |
| EPD | June 30, 2026 | 5,376 | $203,428 | 4.7% |
| UBFO | June 30, 2026 | 11,000 | $115,610 | No longer tracked |