Saratoga Research & Investment Management

13F filer · CIK 0001477872

Reported Jul 23, 2026

Net seller this quarter

13F portfolio value$1.83BU.S. long equity reported on 13F

Positions424 new · 5 closed

Net flow last quarter-$101MBuys minus sells

Top 10 positions weight64.1%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 23, 202642 positions
GOOGLAlphabet Inc.	$178M	9.75%	0.00%	-18.4%	Q4 2015
NVONovo Nordisk A S	$155M	8.49%	Not reported	-5.8%	Q2 2013
BRK.BBerkshire Hathaway Inc	$129M	7.06%	Not reported	-5.2%	Q2 2013
MSFTMicrosoft Corp	$125M	6.82%	0.00%	-9.4%	Q2 2013
ULUnilever PLC	$119M	6.53%	0.09%	+6.0%	Q2 2020
ASMLAsml Holding NV	$118M	6.48%	0.02%	-7.4%	Q4 2023
DISWalt Disney Co	$104M	5.71%	0.06%	-4.0%	Q4 2016
MDTMedtronic plc	$94.1M	5.15%	0.09%	+2.4%	Q2 2013
NVDANvidia Corp	$77M	4.21%	0.00%	+14.3%	Q1 2025
JNJJohnson & Johnson	$70.7M	3.87%	0.01%	-18.0%	Q2 2013
LLYELI LILLY & Co	$64.6M	3.53%	0.01%	+15.8%	Q4 2024
GDGeneral Dynamics Corp	$63.9M	3.50%	0.07%	-7.1%	Q2 2013
SBUXStarbucks Corp	$60.1M	3.29%	0.05%	-6.7%	Q2 2016
VVisa Inc.	$50.7M	2.77%	0.01%	-5.5%	Q4 2017
PGPROCTER & GAMBLE Co	$49.7M	2.72%	0.01%	-6.0%	Q2 2013
RTXRTX Corp	$46.2M	2.53%	0.02%	-6.0%	Q2 2020
CHRWC. H. Robinson Worldwide, Inc.	$44.3M	2.42%	0.20%	-6.6%	Q2 2013
HDHome Depot, Inc.	$29.9M	1.64%	0.01%	-4.4%	Q1 2021
AAPLApple Inc.	$29.1M	1.59%	0.00%	-10.3%	Q2 2013
DEODiageo PLC	$29M	1.59%	0.01%	-4.5%	Q2 2013
PEPPepsico Inc	$22.3M	1.22%	0.01%	-5.0%	Q2 2013
HONHoneywell International Inc	$17M	0.93%	0.02%	-8.7%	Q4 2024
HONAHoneywell Aerospace Inc.	$16.7M	0.92%	Not reported	-8.8%	Q2 2026
CLColgate Palmolive Co	$16.1M	0.88%	0.02%	-7.6%	Q2 2013
ISRGIntuitive Surgical Inc	$15.1M	0.83%	0.01%	New	Q2 2026
EMREmerson Electric Co	$10.3M	0.56%	0.01%	New	Q2 2026
BCMLBayCom Corp	$1.05M	0.06%	0.29%	New	Q2 2026
GOOGAlphabet Inc.	$1M	0.05%	Not reported	-2.9%	Q1 2017
KOCoca Cola Co	$800K	0.04%	0.00%	Not reported	Q2 2013
AMGNAmgen Inc	$790K	0.04%	0.00%	-5.4%	Q1 2018
IBMInternational Business Machines Corp	$738K	0.04%	0.00%	-4.0%	Q2 2013
APHAmphenol Corp	$698K	0.04%	0.00%	-1.1%	Q4 2025
ZTSZoetis Inc.	$593K	0.03%	0.00%	-0.8%	Q2 2025
CSCOCisco Systems, Inc.	$528K	0.03%	0.00%	-56.4%	Q2 2013
AMZNAmazon Com Inc	$477K	0.03%	0.00%	Not reported	Q2 2019
LOWLowes Companies Inc	$443K	0.02%	0.00%	+0.8%	Q4 2025
ACNAccenture plc	$438K	0.02%	0.00%	-97.4%	Q2 2013
LMTLockheed Martin Corp	$354K	0.02%	0.00%	Not reported	Q4 2021
TROWPrice T Rowe Group Inc	$338K	0.02%	0.00%	Not reported	Q1 2022
PAYXPaychex Inc	$329K	0.02%	0.00%	-13.8%	Q2 2013
NVSNovartis AG	$234K	0.01%	0.00%	Not reported	Q2 2013
MOAltria Group, Inc.	$210K	0.01%	0.00%	Not reported	Q2 2013
Q1 2026Reported May 8, 202642 positions
GOOGLAlphabet Inc.	$176M	9.96%	0.01%	-15.2%	Q4 2015
MSFTMicrosoft Corp	$137M	7.75%	0.01%	+23.5%	Q2 2013
BRK.BBerkshire Hathaway Inc	$130M	7.40%	Not reported	+3.3%	Q2 2013
NVONovo Nordisk A S	$126M	7.17%	Not reported	+85.5%	Q2 2013
DISWalt Disney Co	$109M	6.17%	0.06%	+10.2%	Q4 2016
ULUnilever PLC	$107M	6.06%	0.09%	+1.1%	Q2 2020
MDTMedtronic plc	$102M	5.78%	0.09%	+1.8%	Q2 2013
ASMLAsml Holding NV	$84.9M	4.82%	0.02%	-8.5%	Q4 2023
JNJJohnson & Johnson	$83M	4.71%	0.01%	-26.2%	Q2 2013
GDGeneral Dynamics Corp	$66.7M	3.78%	0.07%	+3.0%	Q2 2013
NVDANvidia Corp	$58.7M	3.33%	0.00%	+199.9%	Q1 2025
SBUXStarbucks Corp	$56.4M	3.20%	0.06%	+6.1%	Q2 2016
PGPROCTER & GAMBLE Co	$52M	2.95%	0.02%	+65.2%	Q2 2013
RTXRTX Corp	$50M	2.84%	0.02%	-17.2%	Q2 2020
VVisa Inc.	$47.3M	2.68%	0.01%	+40.0%	Q4 2017
LLYELI LILLY & Co	$42.8M	2.43%	0.00%	-3.4%	Q4 2024
CHRWC. H. Robinson Worldwide, Inc.	$41.8M	2.37%	0.21%	-18.1%	Q2 2013
HONHoneywell International Inc	$37.5M	2.13%	0.03%	+18.8%	Q4 2024
HDHome Depot, Inc.	$29.2M	1.66%	0.01%	-2.8%	Q1 2021
AAPLApple Inc.	$28.4M	1.61%	0.00%	-3.1%	Q2 2013
DEODiageo PLC	$28.2M	1.60%	0.02%	+39.5%	Q2 2013
PEPPepsico Inc	$26.9M	1.53%	0.01%	+0.6%	Q2 2013
ACNAccenture plc	$26.5M	1.50%	0.02%	-1.4%	Q2 2013
CLColgate Palmolive Co	$16.2M	0.92%	0.02%	+1.9%	Q2 2013
NKENIKE, Inc.	$6.16M	0.35%	0.01%	+4.3%	Q2 2013
ZTSZoetis Inc.	$983K	0.06%	0.00%	+12.4%	Q2 2025
GOOGAlphabet Inc.	$836K	0.05%	Not reported	-31.3%	Q1 2017
AMGNAmgen Inc	$811K	0.05%	0.00%	-2.2%	Q1 2018
CSCOCisco Systems, Inc.	$800K	0.05%	0.00%	-4.0%	Q2 2013
KOCoca Cola Co	$749K	0.04%	0.00%	Not reported	Q2 2013
IBMInternational Business Machines Corp	$662K	0.04%	0.00%	Not reported	Q2 2013
ADBEAdobe Inc.	$540K	0.03%	0.00%	-93.9%	Q3 2021
SYYSysco Corp	$520K	0.03%	0.00%	-0.2%	Q2 2013
APHAmphenol Corp	$506K	0.03%	0.00%	-0.1%	Q4 2025
LOWLowes Companies Inc	$471K	0.03%	0.00%	+0.1%	Q4 2025
LMTLockheed Martin Corp	$420K	0.02%	0.00%	Not reported	Q4 2021
AMZNAmazon Com Inc	$417K	0.02%	0.00%	Not reported	Q2 2019
PAYXPaychex Inc	$358K	0.02%	0.00%	+0.1%	Q2 2013
TROWPrice T Rowe Group Inc	$268K	0.02%	0.00%	Not reported	Q1 2022
NVSNovartis AG	$228K	0.01%	0.00%	Not reported	Q2 2013
EPDEnterprise Products Partners L.P.	$203K	0.01%	0.00%	Not reported	Q2 2013
UBFOUnited Security Bancshares	$116K	0.01%	0.06%	Not reported	Q1 2020
Q4 2025Reported Feb 5, 202643 positions
GOOGLAlphabet Inc.	$225M	11.81%	0.01%	-8.8%	Q4 2015
MSFTMicrosoft Corp	$144M	7.57%	0.00%	-1.6%	Q2 2013
BRK.BBerkshire Hathaway Inc	$132M	6.94%	Not reported	-1.8%	Q2 2013
ULUnilever PLC	$121M	6.35%	0.09%	-1.0%	Q2 2020
DISWalt Disney Co	$116M	6.11%	0.06%	+0.2%	Q4 2016
MDTMedtronic plc	$111M	5.82%	0.09%	-1.4%	Q2 2013
JNJJohnson & Johnson	$95.2M	4.99%	0.02%	-5.2%	Q2 2013
NVONovo Nordisk A S	$94.3M	4.94%	Not reported	-0.1%	Q2 2013
ASMLAsml Holding NV	$75.1M	3.94%	0.02%	-4.9%	Q4 2023
ORCLOracle Corp	$67.4M	3.53%	0.01%	-2.9%	Q2 2013
GDGeneral Dynamics Corp	$63.5M	3.33%	0.07%	-4.4%	Q2 2013
RTXRTX Corp	$57.4M	3.01%	0.02%	-4.9%	Q2 2020
LLYELI LILLY & Co	$51.8M	2.71%	0.01%	-21.7%	Q4 2024
SBUXStarbucks Corp	$50M	2.62%	0.05%	-4.6%	Q2 2016
CHRWC. H. Robinson Worldwide, Inc.	$49.5M	2.59%	0.26%	-6.0%	Q2 2013
VVisa Inc.	$39.2M	2.05%	0.01%	-4.2%	Q4 2017
ACNAccenture plc	$36.4M	1.91%	0.02%	-7.2%	Q2 2013
HDHome Depot, Inc.	$31.4M	1.65%	0.01%	-4.5%	Q1 2021
AAPLApple Inc.	$31.4M	1.65%	0.00%	-7.1%	Q2 2013
PGPROCTER & GAMBLE Co	$31.3M	1.64%	0.01%	-2.6%	Q2 2013
HONHoneywell International Inc	$27.3M	1.43%	0.02%	+65.9%	Q4 2024
PEPPepsico Inc	$24.7M	1.30%	0.01%	-5.1%	Q2 2013
DEODiageo PLC	$23.4M	1.23%	0.01%	-19.5%	Q2 2013
NVDANvidia Corp	$20.9M	1.10%	0.00%	+12.5%	Q1 2025
WMTWalmart Inc.	$17.1M	0.90%	0.00%	-5.6%	Q2 2013
CLColgate Palmolive Co	$14.7M	0.77%	0.02%	-3.9%	Q2 2013
ADBEAdobe Inc.	$12.7M	0.66%	0.01%	-13.3%	Q3 2021
NKENIKE, Inc.	$7.12M	0.37%	0.01%	-9.7%	Q2 2013
GOOGAlphabet Inc.	$1.33M	0.07%	Not reported	-0.4%	Q1 2017
ZTSZoetis Inc.	$931K	0.05%	0.00%	-93.3%	Q2 2025
CSCOCisco Systems, Inc.	$827K	0.04%	0.00%	-0.2%	Q2 2013
IBMInternational Business Machines Corp	$810K	0.04%	0.00%	-0.2%	Q2 2013
AMGNAmgen Inc	$772K	0.04%	0.00%	Not reported	Q1 2018
KOCoca Cola Co	$689K	0.04%	0.00%	-0.5%	Q2 2013
APHAmphenol Corp	$541K	0.03%	0.00%	New	Q4 2025
SYYSysco Corp	$538K	0.03%	0.00%	-0.3%	Q2 2013
LOWLowes Companies Inc	$480K	0.03%	0.00%	New	Q4 2025
AMZNAmazon Com Inc	$462K	0.02%	0.00%	Not reported	Q2 2019
PAYXPaychex Inc	$435K	0.02%	0.00%	Not reported	Q2 2013
LMTLockheed Martin Corp	$336K	0.02%	0.00%	Not reported	Q4 2021
TROWPrice T Rowe Group Inc	$305K	0.02%	0.00%	-0.3%	Q1 2022
NVSNovartis AG	$205K	0.01%	0.00%	Not reported	Q2 2013
UBFOUnited Security Bancshares	$111K	0.01%	0.06%	Not reported	Q1 2020
Q3 2025Reported Nov 17, 202540 positions
GOOGLAlphabet Inc.	$192M	9.98%	0.01%	-5.1%	Q4 2015
MSFTMicrosoft Corp	$157M	8.18%	0.00%	-4.6%	Q2 2013
BRK.BBerkshire Hathaway Inc	$135M	7.01%	Not reported	+3.8%	Q2 2013
ULUnilever PLC	$125M	6.50%	0.08%	-2.2%	Q2 2020
DISWalt Disney Co	$117M	6.09%	0.05%	-18.5%	Q4 2016
MDTMedtronic plc	$112M	5.80%	0.09%	-0.9%	Q2 2013
NVONovo Nordisk A S	$103M	5.35%	Not reported	+22.5%	Q2 2013
ORCLOracle Corp	$100M	5.21%	0.01%	-21.1%	Q2 2013
JNJJohnson & Johnson	$90M	4.68%	0.02%	-3.2%	Q2 2013
ASMLAsml Holding NV	$71.5M	3.72%	0.02%	-1.6%	Q4 2023
GDGeneral Dynamics Corp	$67.3M	3.50%	0.07%	-4.2%	Q2 2013
RTXRTX Corp	$55.1M	2.87%	0.02%	-21.3%	Q2 2020
SBUXStarbucks Corp	$52.6M	2.74%	0.05%	+21.8%	Q2 2016
LLYELI LILLY & Co	$46.9M	2.44%	0.01%	+65.1%	Q4 2024
CHRWC. H. Robinson Worldwide, Inc.	$43.3M	2.25%	0.28%	-26.2%	Q2 2013
VVisa Inc.	$39.8M	2.07%	0.01%	-4.2%	Q4 2017
HDHome Depot, Inc.	$38.8M	2.02%	0.01%	-4.0%	Q1 2021
ACNAccenture plc	$36M	1.87%	0.02%	-2.3%	Q2 2013
PGPROCTER & GAMBLE Co	$34.4M	1.79%	0.01%	+7.3%	Q2 2013
DEODiageo PLC	$32.1M	1.67%	0.01%	-1.3%	Q2 2013
AAPLApple Inc.	$31.7M	1.65%	0.00%	-7.0%	Q2 2013
PEPPepsico Inc	$25.5M	1.33%	0.01%	+8.4%	Q2 2013
NVDANvidia Corp	$18.6M	0.97%	0.00%	-2.3%	Q1 2025
HONHoneywell International Inc	$17.7M	0.92%	0.01%	+45.4%	Q4 2024
WMTWalmart Inc.	$16.8M	0.87%	0.00%	-7.0%	Q2 2013
ZTSZoetis Inc.	$16.1M	0.84%	0.02%	+11.6%	Q2 2025
CLColgate Palmolive Co	$15.5M	0.81%	0.02%	-0.8%	Q2 2013
ADBEAdobe Inc.	$14.7M	0.77%	0.01%	-4.4%	Q3 2021
NKENIKE, Inc.	$8.63M	0.45%	0.01%	-51.6%	Q2 2013
GOOGAlphabet Inc.	$1.04M	0.05%	Not reported	-13.7%	Q1 2017
IBMInternational Business Machines Corp	$773K	0.04%	0.00%	Not reported	Q2 2013
CSCOCisco Systems, Inc.	$736K	0.04%	0.00%	-35.7%	Q2 2013
AMGNAmgen Inc	$665K	0.03%	0.00%	Not reported	Q1 2018
KOCoca Cola Co	$656K	0.03%	0.00%	Not reported	Q2 2013
SYYSysco Corp	$602K	0.03%	0.00%	-0.8%	Q2 2013
PAYXPaychex Inc	$492K	0.03%	0.00%	Not reported	Q2 2013
AMZNAmazon Com Inc	$439K	0.02%	0.00%	Not reported	Q2 2019
LMTLockheed Martin Corp	$347K	0.02%	0.00%	Not reported	Q4 2021
TROWPrice T Rowe Group Inc	$306K	0.02%	0.00%	Not reported	Q1 2022
UBFOUnited Security Bancshares	$103K	0.01%	0.06%	Not reported	Q1 2020

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