Saratoga Research & Investment Management
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Saratoga Research & Investment Management reported 44 stock positions worth $2.0 billion. Its top holding was Alphabet Class A (GOOGL) at 8.0% of the portfolio, followed by Walt Disney (DIS, 7.6%) and Microsoft (MSFT, 6.7%). Compared with Q3 2024, it opened 3 new positions, added to 3 and reduced 36. The biggest buy was ASML Holding NV-NY Reg SHS (ASML, shares +4942%) and the biggest sale Biogen (BIIB, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- SARATOGA, CA
- CIK
- 0001477872
- Portfolio Value
- $2.0B (Q4 2024)
- SEC Filing
- 0001477872-25-000002 ↗ filed Feb 12, 2025
Holdings Value
Holdings 44 stocks · $2.0B
| GOOGL Alphabet Inc. Class A | 8.02% | 839,596 | $158.9M | Reduce -10.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 7.57% | 1,347,733 | $150.1M | Reduce -12.3% |
| MSFT Microsoft Corp. | 6.66% | 313,457 | $132.1M | Reduce -12.8% |
| RTX RTX Corp. | 6.58% | 1,127,118 | $130.4M | Reduce -22.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.37% | 278,612 | $126.3M | Reduce -14.7% |
| UL Unilever PLC | 6.37% | 2,226,748 | $126.3M | Reduce -14.6% |
| ORCL Oracle Corp. | 5.62% | 668,184 | $111.3M | Reduce -16.5% |
| MDT Medtronic PLC | 4.55% | 1,130,258 | $90.3M | Reduce -16.6% |
| AAPL Apple Inc. | 3.97% | 314,141 | $78.7M | Reduce -5.4% |
| RHHBY Roche Holdings Ltd.-Spons ADR | 3.83% | 2,174,306 | $75.8M | Reduce -6.5% |
| JNJ Johnson & Johnson | 3.80% | 520,352 | $75.3M | Reduce -2.3% |
| GD General Dynamics Corp. | 3.10% | 232,952 | $61.4M | Reduce -3.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 3.04% | 700,634 | $60.3M | Reduce -1.1% |
| V Visa Inc. Class A | 2.80% | 175,677 | $55.5M | Reduce -4.8% |
| ACN Accenture PLC Class A | 2.76% | 155,676 | $54.8M | Reduce -5.0% |
| NKE Nike Inc. Class B | 2.51% | 656,900 | $49.7M | Reduce -7.4% |
| CHRW C.H. Robinson Worldwide Inc. | 2.47% | 474,895 | $49.1M | Reduce -8.1% |
| SBUX Starbucks Corp. | 2.44% | 530,477 | $48.4M | Reduce -3.3% |
| DEO Diageo PLC-Sponsored ADR | 2.14% | 333,433 | $42.4M | Reduce -9.1% |
| WMT Walmart Inc. | 2.13% | 468,318 | $42.3M | Reduce -4.3% |
| HD Home Depot Inc. | 2.08% | 105,859 | $41.2M | Reduce -28.7% |
| ASML ASML Holding NV-NY Reg SHS | 1.90% | 54,351 | $37.7M | Add +4941.8% |
| ADBE Adobe Inc. | 1.62% | 72,136 | $32.1M | Reduce -4.5% |
| PG The Procter & Gamble Co. | 1.41% | 166,693 | $27.9M | Reduce -2.3% |
| PEP Pepsico Inc. | 1.26% | 164,944 | $25.1M | Reduce -6.0% |
| LLY Eli Lilly & Co. | 1.22% | 31,307 | $24.2M | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.18% | 256,411 | $23.4M | Add +5.9% |
| BDX Becton Dickinson and Co. | 0.87% | 76,125 | $17.3M | Reduce -5.3% |
| CL Colgate-Palmolive Co. | 0.58% | 126,467 | $11.5M | Reduce -6.3% |
| JQUA JPMorgan US Quality Factor | 0.38% | 131,175 | $7.5M | New |
| KO The Coca-Cola Co. | 0.29% | 92,167 | $5.7M | Reduce -2.4% |
| CSCO Cisco Systems Inc. | 0.10% | 35,104 | $2.1M | Reduce -93.0% |
| HON Honeywell International Inc. | 0.10% | 8,361 | $1.9M | New |
| GOOG Alphabet Inc. Class C | 0.08% | 8,019 | $1.5M | Reduce -37.4% |
| AMGN Amgen Inc. | 0.03% | 2,318 | $604K | Reduce -8.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.03% | 2,738 | $602K | Reduce -7.8% |
| CTSH Cognizant Tech Solutions-A | 0.03% | 7,540 | $580K | Reduce -0.7% |
| SYY Sysco Corp. | 0.03% | 7,450 | $570K | Reduce -0.6% |
| PAYX Paychex Inc. | 0.03% | 3,882 | $544K | Reduce -17.6% |
| AMZN Amazon.com Inc. | 0.02% | 2,000 | $439K | No change |
| LMT Lockheed Martin Corp. | 0.02% | 695 | $338K | Reduce -14.7% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.02% | 2,736 | $309K | Add +9.2% |
| BIIB Biogen Inc. | 0.01% | 1,448 | $221K | Reduce -99.0% |
| UBFO United Security Bancshare | 0.01% | 11,000 | $111K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| BIIB Biogen Inc. | Reduce -99.0% | 0.01% | −1.27 |
| RTX RTX Corp. | Reduce -22.8% | 6.58% | −1.16 |
| CSCO Cisco Systems Inc. | Reduce -93.0% | 0.10% | −1.07 |
| UL Unilever PLC | Reduce -14.6% | 6.37% | −1.05 |
| MDT Medtronic PLC | Reduce -16.6% | 4.55% | −0.79 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -1.1% | 3.04% | −0.65 |
| HD Home Depot Inc. | Reduce -28.7% | 2.08% | −0.56 |
| ORCL Oracle Corp. | Reduce -16.5% | 5.62% | −0.36 |
| RHHBY Roche Holdings Ltd.-Spons ADR | Reduce -6.5% | 3.83% | −0.24 |
| NKE Nike Inc. Class B | Reduce -7.4% | 2.51% | −0.24 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -14.7% | 6.37% | −0.21 |
| DEO Diageo PLC-Sponsored ADR | Reduce -9.1% | 2.14% | −0.12 |
| MSFT Microsoft Corp. | Reduce -12.8% | 6.66% | −0.11 |
| GD General Dynamics Corp. | Reduce -3.5% | 3.10% | −0.10 |
| ADBE Adobe Inc. | Reduce -4.5% | 1.62% | −0.09 |
| PEP Pepsico Inc. | Reduce -6.0% | 1.26% | −0.04 |
| CL Colgate-Palmolive Co. | Reduce -6.3% | 0.58% | −0.03 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -8.1% | 2.47% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -37.4% | 0.08% | −0.02 |
| KO The Coca-Cola Co. | Reduce -2.4% | 0.29% | −0.01 |
| AMGN Amgen Inc. | Reduce -8.2% | 0.03% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -14.7% | 0.02% | −0.00 |
| PAYX Paychex Inc. | Reduce -17.6% | 0.03% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -7.8% | 0.03% | +0.00 |
| SYY Sysco Corp. | Reduce -0.6% | 0.03% | +0.00 |
| CTSH Cognizant Tech Solutions-A | Reduce -0.7% | 0.03% | +0.00 |
| JNJ Johnson & Johnson | Reduce -2.3% | 3.80% | +0.02 |
| BDX Becton Dickinson and Co. | Reduce -5.3% | 0.87% | +0.02 |
| SBUX Starbucks Corp. | Reduce -3.3% | 2.44% | +0.10 |
| PG The Procter & Gamble Co. | Reduce -2.3% | 1.41% | +0.12 |
| ACN Accenture PLC Class A | Reduce -5.0% | 2.76% | +0.23 |
| WMT Walmart Inc. | Reduce -4.3% | 2.13% | +0.40 |
| AAPL Apple Inc. | Reduce -5.4% | 3.97% | +0.58 |
| V Visa Inc. Class A | Reduce -4.8% | 2.80% | +0.58 |
| DIS The Walt Disney Co. | Reduce -12.3% | 7.57% | +1.10 |
| GOOGL Alphabet Inc. Class A | Reduce -10.0% | 8.02% | +1.24 |
Portfolio Buys Q3 2024 → Q4 2024
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 |