Saratoga Research & Investment Management
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 16, 2024), Saratoga Research & Investment Management reported 42 stock positions worth $2.2 billion. Its top holding was Alphabet Class A (GOOGL) at 8.0% of the portfolio, followed by Microsoft (MSFT, 7.2%) and RTX (RTX, 7.0%). Compared with Q1 2024, it opened 1 new position, sold out of 4, added to 8 and reduced 31. The biggest buy was Oracle (ORCL, shares +6%) and the biggest sale Walt Disney (DIS, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- SARATOGA, CA
- CIK
- 0001477872
- Portfolio Value
- $2.2B (Q2 2024)
- SEC Filing
- 0001477872-24-000004 ↗ filed Aug 16, 2024
Holdings Value
Holdings 42 stocks · $2.2B
| GOOGL Alphabet Inc. Class A | 7.99% | 964,746 | $175.7M | Reduce -3.6% |
| MSFT Microsoft Corp. | 7.21% | 354,822 | $158.6M | Reduce -3.0% |
| RTX RTX Corp. | 6.97% | 1,527,032 | $153.3M | Reduce -10.2% |
| UL Unilever PLC | 6.92% | 2,767,207 | $152.2M | Add +0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.30% | 340,341 | $138.5M | Reduce -3.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 5.84% | 1,293,333 | $128.4M | Reduce -3.2% |
| ORCL Oracle Corp. | 5.41% | 842,086 | $118.9M | Add +6.0% |
| MDT Medtronic PLC | 4.98% | 1,390,900 | $109.5M | Add +1.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 4.86% | 748,717 | $106.9M | Reduce -4.5% |
| RHHBY Roche Holdings Ltd.-Spons ADR | 3.80% | 2,411,121 | $83.6M | Reduce -1.9% |
| JNJ Johnson & Johnson | 3.67% | 551,753 | $80.6M | Add +25.5% |
| AAPL Apple Inc. | 3.37% | 352,133 | $74.2M | Reduce -4.2% |
| GD General Dynamics Corp. | 3.33% | 252,054 | $73.1M | Reduce -3.1% |
| NKE Nike Inc. Class B | 2.56% | 745,639 | $56.2M | Add +20.1% |
| HD Home Depot Inc. | 2.46% | 157,327 | $54.2M | Reduce -3.7% |
| ACN Accenture PLC Class A | 2.35% | 170,313 | $51.7M | Add +38.3% |
| V Visa Inc. Class A | 2.32% | 194,052 | $50.9M | Reduce -19.9% |
| WMT Walmart Inc. | 2.31% | 750,923 | $50.8M | Reduce -4.3% |
| DEO Diageo PLC-Sponsored ADR | 2.18% | 380,788 | $48.0M | Reduce -1.8% |
| CHRW C.H. Robinson Worldwide Inc. | 2.18% | 544,754 | $48.0M | Reduce -0.3% |
| ADBE Adobe Inc. | 2.00% | 79,275 | $44.0M | Reduce -2.7% |
| SBUX Starbucks Corp. | 2.00% | 564,826 | $44.0M | Add +6.3% |
| BIIB Biogen Inc. | 1.66% | 157,791 | $36.6M | Reduce -3.1% |
| PEP Pepsico Inc. | 1.36% | 181,429 | $29.9M | Reduce -2.1% |
| MMM 3M Co. | 1.33% | 285,735 | $29.2M | Reduce -3.8% |
| PG The Procter & Gamble Co. | 1.32% | 176,607 | $29.1M | Reduce -3.0% |
| CSCO Cisco Systems Inc. | 1.13% | 522,215 | $24.8M | Reduce -6.6% |
| BDX Becton Dickinson and Co. | 0.89% | 83,839 | $19.6M | Reduce -3.8% |
| CL Colgate-Palmolive Co. | 0.64% | 145,334 | $14.1M | Reduce -6.5% |
| KO The Coca-Cola Co. | 0.29% | 98,705 | $6.3M | Reduce -4.8% |
| GOOG Alphabet Inc. Class C | 0.11% | 12,923 | $2.4M | Reduce -12.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.05% | 1,077 | $1.1M | Reduce -32.4% |
| AMGN Amgen Inc. | 0.04% | 2,526 | $789K | Reduce -1.8% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.03% | 5,195 | $599K | Reduce -0.3% |
| JQUA JPMorgan US Quality Factor | 0.03% | 10,926 | $579K | New |
| PAYX Paychex Inc. | 0.03% | 4,712 | $559K | Reduce -1.3% |
| SYY Sysco Corp. | 0.02% | 7,492 | $535K | Reduce -54.3% |
| CTSH Cognizant Tech Solutions-A | 0.02% | 7,591 | $516K | Add +0.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.02% | 2,968 | $513K | Reduce -1.0% |
| AMZN Amazon.com Inc. | 0.02% | 2,000 | $387K | No change |
| LMT Lockheed Martin Corp. | 0.02% | 815 | $381K | Reduce -1.8% |
| UBFO United Security Bancshare | 0.00% | 11,000 | $80K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| DIS The Walt Disney Co. | Reduce -3.2% | 5.84% | −1.59 |
| V Visa Inc. Class A | Reduce -19.9% | 2.32% | −0.76 |
| RTX RTX Corp. | Reduce -10.2% | 6.97% | −0.57 |
| DEO Diageo PLC-Sponsored ADR | Reduce -1.8% | 2.18% | −0.44 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.0% | 6.30% | −0.41 |
| HD Home Depot Inc. | Reduce -3.7% | 2.46% | −0.38 |
| CSCO Cisco Systems Inc. | Reduce -6.6% | 1.13% | −0.14 |
| PEP Pepsico Inc. | Reduce -2.1% | 1.36% | −0.11 |
| MMM 3M Co. | Reduce -3.8% | 1.33% | −0.10 |
| BDX Becton Dickinson and Co. | Reduce -3.8% | 0.89% | −0.09 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.04 |
| SYY Sysco Corp. | Reduce -54.3% | 0.02% | −0.04 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -32.4% | 0.05% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -3.0% | 1.32% | −0.02 |
| GD General Dynamics Corp. | Reduce -3.1% | 3.33% | −0.02 |
| INTC Intel Corp. | Sold out | 0.00% | −0.01 |
| PII Polaris Inc. | Sold out | 0.00% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.01 |
| KO The Coca-Cola Co. | Reduce -4.8% | 0.29% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -1.0% | 0.02% | −0.00 |
| TROW T Rowe Price Group Inc. | Reduce -0.3% | 0.03% | −0.00 |
| PAYX Paychex Inc. | Reduce -1.3% | 0.03% | −0.00 |
| LMT Lockheed Martin Corp. | Reduce -1.8% | 0.02% | +0.00 |
| AMGN Amgen Inc. | Reduce -1.8% | 0.04% | +0.00 |
| CL Colgate-Palmolive Co. | Reduce -6.5% | 0.64% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -12.1% | 0.11% | +0.01 |
| BIIB Biogen Inc. | Reduce -3.1% | 1.66% | +0.07 |
| ADBE Adobe Inc. | Reduce -2.7% | 2.00% | +0.13 |
| WMT Walmart Inc. | Reduce -4.3% | 2.31% | +0.17 |
| MSFT Microsoft Corp. | Reduce -3.0% | 7.21% | +0.22 |
| RHHBY Roche Holdings Ltd.-Spons ADR | Reduce -1.9% | 3.80% | +0.23 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -4.5% | 4.86% | +0.29 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -0.3% | 2.18% | +0.29 |
| AAPL Apple Inc. | Reduce -4.2% | 3.37% | +0.51 |
| GOOGL Alphabet Inc. Class A | Reduce -3.6% | 7.99% | +1.12 |
Portfolio Buys Q1 2024 → Q2 2024
| ORCL Oracle Corp. | Add +6.0% | 5.41% | +0.87 |
| UL Unilever PLC | Add +0.8% | 6.92% | +0.66 |
| JNJ Johnson & Johnson | Add +25.5% | 3.67% | +0.51 |
| ACN Accenture PLC Class A | Add +38.3% | 2.35% | +0.41 |
| JQUA JPMorgan US Quality Factor | New | 0.03% | +0.03 |
| CTSH Cognizant Tech Solutions-A | Add +0.8% | 0.02% | −0.00 |
| NKE Nike Inc. Class B | Add +20.1% | 2.56% | −0.10 |
| SBUX Starbucks Corp. | Add +6.3% | 2.00% | −0.21 |
| MDT Medtronic PLC | Add +1.7% | 4.98% | −0.44 |
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 |