Saratoga Research & Investment Management
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 17, 2024), Saratoga Research & Investment Management reported 45 stock positions worth $2.2 billion. Its top holding was RTX (RTX) at 7.5% of the portfolio, followed by Walt Disney (DIS, 7.4%) and Microsoft (MSFT, 7.0%). Compared with Q4 2023, it opened 1 new position, sold out of 3, added to 13 and reduced 29. The biggest buy was Alphabet Class A (GOOGL, shares +19%) and the biggest sale Adobe (ADBE, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- SARATOGA, CA
- CIK
- 0001477872
- Portfolio Value
- $2.2B (Q1 2024)
- SEC Filing
- 0001477872-24-000003 ↗ filed Apr 17, 2024
Holdings Value
Holdings 45 stocks · $2.2B
| RTX RTX Corp. | 7.54% | 1,701,179 | $165.9M | Add +2.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 7.43% | 1,336,380 | $163.5M | Reduce -3.6% |
| MSFT Microsoft Corp. | 6.99% | 365,840 | $153.9M | Reduce -1.4% |
| GOOGL Alphabet Inc. Class A | 6.87% | 1,001,128 | $151.1M | Add +19.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.70% | 350,769 | $147.5M | Reduce -0.7% |
| UL Unilever PLC | 6.26% | 2,744,882 | $137.8M | Add +19.0% |
| MDT Medtronic PLC | 5.42% | 1,367,919 | $119.2M | Add +8.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 4.57% | 783,791 | $100.6M | Reduce -5.3% |
| ORCL Oracle Corp. | 4.53% | 794,413 | $99.8M | Add +0.7% |
| RHHBY Roche Holdings Ltd.-Spons ADR | 3.57% | 2,458,918 | $78.5M | Add +6.9% |
| GD General Dynamics Corp. | 3.34% | 260,231 | $73.5M | Reduce -2.6% |
| JNJ Johnson & Johnson | 3.16% | 439,519 | $69.5M | Add +1.0% |
| V Visa Inc. Class A | 3.07% | 242,422 | $67.7M | Reduce -3.6% |
| AAPL Apple Inc. | 2.87% | 367,654 | $63.0M | Reduce -4.1% |
| HD Home Depot Inc. | 2.85% | 163,331 | $62.7M | Reduce -33.5% |
| NKE Nike Inc. Class B | 2.65% | 621,018 | $58.4M | Reduce -2.5% |
| DEO Diageo PLC-Sponsored ADR | 2.62% | 387,581 | $57.6M | Add +33.7% |
| SBUX Starbucks Corp. | 2.21% | 531,438 | $48.6M | Reduce -1.2% |
| WMT Walmart Inc. | 2.15% | 784,747 | $47.2M | Reduce -4.4% |
| ACN Accenture PLC Class A | 1.94% | 123,121 | $42.7M | Reduce -40.6% |
| CHRW C.H. Robinson Worldwide Inc. | 1.89% | 546,514 | $41.6M | Add +2.0% |
| ADBE Adobe Inc. | 1.87% | 81,501 | $41.1M | Reduce -36.9% |
| BIIB Biogen Inc. | 1.60% | 162,851 | $35.1M | Reduce -0.8% |
| PEP Pepsico Inc. | 1.47% | 185,292 | $32.4M | Add +161.2% |
| MMM 3M Co. | 1.43% | 296,990 | $31.5M | Add +3.0% |
| PG The Procter & Gamble Co. | 1.34% | 182,020 | $29.5M | Reduce -2.1% |
| CSCO Cisco Systems Inc. | 1.27% | 559,054 | $27.9M | Reduce -2.8% |
| BDX Becton Dickinson and Co. | 0.98% | 87,135 | $21.6M | Reduce -3.5% |
| CL Colgate-Palmolive Co. | 0.64% | 155,394 | $14.0M | Reduce -2.6% |
| KO The Coca-Cola Co. | 0.29% | 103,701 | $6.3M | Reduce -7.8% |
| GOOG Alphabet Inc. Class C | 0.10% | 14,706 | $2.2M | Add +0.5% |
| ASML ASML Holding NV-NY Reg SHS | 0.07% | 1,593 | $1.5M | Reduce -1.1% |
| SYY Sysco Corp. | 0.06% | 16,383 | $1.3M | Reduce -1.9% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.04% | 10,766 | $926K | Reduce -97.5% |
| AMGN Amgen Inc. | 0.03% | 2,573 | $732K | Reduce -6.1% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.03% | 5,208 | $635K | Add +65.4% |
| PAYX Paychex Inc. | 0.03% | 4,772 | $586K | Reduce -0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.03% | 2,999 | $573K | Reduce -3.9% |
| CTSH Cognizant Tech Solutions-A | 0.03% | 7,529 | $552K | Reduce -48.6% |
| LMT Lockheed Martin Corp. | 0.02% | 830 | $378K | Reduce -5.7% |
| AMZN Amazon.com Inc. | 0.02% | 2,000 | $361K | No change |
| INTC Intel Corp. | 0.01% | 6,376 | $282K | Reduce -0.4% |
| PII Polaris Inc. | 0.01% | 2,526 | $253K | Reduce -7.3% |
| BMY Bristol-Myers Squibb Co. | 0.01% | 3,704 | $201K | New |
| UBFO United Security Bancshare | 0.00% | 11,000 | $85K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| ADBE Adobe Inc. | Reduce -36.9% | 1.87% | −1.69 |
| JQUA JPMorgan US Quality Factor | Sold out | 0.00% | −1.67 |
| IFF Intl Flavors & Fragrances | Reduce -97.5% | 0.04% | −1.59 |
| ACN Accenture PLC Class A | Reduce -40.6% | 1.94% | −1.42 |
| HD Home Depot Inc. | Reduce -33.5% | 2.85% | −1.08 |
| RECKITT BENCKISER-SPON ADR | Sold out | 0.00% | −1.08 |
| AAPL Apple Inc. | Reduce -4.1% | 2.87% | −0.54 |
| NKE Nike Inc. Class B | Reduce -2.5% | 2.65% | −0.54 |
| BIIB Biogen Inc. | Reduce -0.8% | 1.60% | −0.36 |
| SBUX Starbucks Corp. | Reduce -1.2% | 2.21% | −0.18 |
| CSCO Cisco Systems Inc. | Reduce -2.8% | 1.27% | −0.07 |
| BDX Becton Dickinson and Co. | Reduce -3.5% | 0.98% | −0.04 |
| CTSH Cognizant Tech Solutions-A | Reduce -48.6% | 0.03% | −0.03 |
| KO The Coca-Cola Co. | Reduce -7.8% | 0.29% | −0.02 |
| NGG National Grid PLC-SP ADR | Sold out | 0.00% | −0.01 |
| AMGN Amgen Inc. | Reduce -6.1% | 0.03% | −0.00 |
| INTC Intel Corp. | Reduce -0.4% | 0.01% | −0.00 |
| LMT Lockheed Martin Corp. | Reduce -5.7% | 0.02% | −0.00 |
| PII Polaris Inc. | Reduce -7.3% | 0.01% | −0.00 |
| PAYX Paychex Inc. | Reduce -0.2% | 0.03% | +0.00 |
| IBM Intl Business Machines Corp. | Reduce -3.9% | 0.03% | +0.00 |
| SYY Sysco Corp. | Reduce -1.9% | 0.06% | +0.00 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -1.1% | 0.07% | +0.01 |
| CL Colgate-Palmolive Co. | Reduce -2.6% | 0.64% | +0.05 |
| V Visa Inc. Class A | Reduce -3.6% | 3.07% | +0.06 |
| PG The Procter & Gamble Co. | Reduce -2.1% | 1.34% | +0.09 |
| GD General Dynamics Corp. | Reduce -2.6% | 3.34% | +0.14 |
| WMT Walmart Inc. | Reduce -4.4% | 2.15% | +0.16 |
| MSFT Microsoft Corp. | Reduce -1.4% | 6.99% | +0.56 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -5.3% | 4.57% | +0.62 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.7% | 6.70% | +0.89 |
| DIS The Walt Disney Co. | Reduce -3.6% | 7.43% | +1.66 |
Portfolio Buys Q4 2023 → Q1 2024
| GOOGL Alphabet Inc. Class A | Add +19.1% | 6.87% | +1.45 |
| RTX RTX Corp. | Add +2.9% | 7.54% | +1.12 |
| UL Unilever PLC | Add +19.0% | 6.26% | +1.10 |
| PEP Pepsico Inc. | Add +161.2% | 1.47% | +0.92 |
| ORCL Oracle Corp. | Add +0.7% | 4.53% | +0.70 |
| DEO Diageo PLC-Sponsored ADR | Add +33.7% | 2.62% | +0.67 |
| MDT Medtronic PLC | Add +8.5% | 5.42% | +0.63 |
| TROW T Rowe Price Group Inc. | Add +65.4% | 0.03% | +0.01 |
| JNJ Johnson & Johnson | Add +1.0% | 3.16% | +0.01 |
| BMY Bristol-Myers Squibb Co. | New | 0.01% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +0.5% | 0.10% | +0.01 |
| MMM 3M Co. | Add +3.0% | 1.43% | −0.02 |
| CHRW C.H. Robinson Worldwide Inc. | Add +2.0% | 1.89% | −0.24 |
| RHHBY Roche Holdings Ltd.-Spons ADR | Add +6.9% | 3.57% | −0.28 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 46 | $1.8B | GOOGL, NVO, BRK.B, MSFT, UL |
| Q1 2026 | 46 | $1.8B | GOOGL, MSFT, BRK.B, NVO, DIS |
| Q4 2025 | 47 | $1.9B | GOOGL, MSFT, BRK.B, UL, DIS |
| Q3 2025 | 43 | $1.9B | GOOGL, MSFT, BRK.B, UL, DIS |
| Q2 2025 | 44 | $1.9B | MSFT, DIS, GOOGL, UL, BRK.B |
| Q1 2025 | 44 | $1.9B | BRK.B, UL, DIS, GOOGL, MSFT |
| Q4 2024 | 44 | $2.0B | GOOGL, DIS, MSFT, RTX, BRK.B |
| Q3 2024 | 41 | $2.3B | RTX, UL, MSFT, GOOGL, BRK.B |
| Q2 2024 | 42 | $2.2B | GOOGL, MSFT, RTX, UL, BRK.B |
| Q1 2024 | 45 | $2.2B | RTX, DIS, MSFT, GOOGL, BRK.B |