Saratoga Research & Investment Management
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Saratoga Research & Investment Management reported 46 stock positions worth $1.8 billion. Its top holding was Alphabet Class A (GOOGL) at 10.0% of the portfolio, followed by Microsoft (MSFT, 7.7%) and Berkshire Hathaway Class B (BRK.B, 7.4%). Compared with Q4 2025, it opened 2 new positions, sold out of 3, added to 19 and reduced 18. The biggest buy was Nvidia (NVDA, shares +200%) and the biggest sale an exit from Oracle (ORCL).
- Most Recent 13F
- Q2 2026
- Location
- SARATOGA, CA
- CIK
- 0001477872
- Portfolio Value
- $1.8B (Q1 2026)
- SEC Filing
- 0001477872-26-000003 ↗ filed May 8, 2026
Holdings Value
Holdings 46 stocks · $1.8B
| GOOGL Alphabet Inc. Class A | 9.96% | 610,629 | $175.6M | Reduce -15.2% |
| MSFT Microsoft Corp. | 7.75% | 368,821 | $136.5M | Add +23.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 7.40% | 272,031 | $130.4M | Add +3.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 7.17% | 3,436,329 | $126.3M | Add +85.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 6.17% | 1,128,428 | $108.8M | Add +10.2% |
| UL Unilever PLC-Sponsored ADR | 6.06% | 1,873,359 | $106.7M | Add +1.1% |
| MDT Medtronic PLC | 5.78% | 1,175,571 | $101.9M | Add +1.8% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 4.82% | 64,285 | $84.9M | Reduce -8.5% |
| JNJ Johnson & Johnson | 4.71% | 339,441 | $83.0M | Reduce -26.2% |
| GD General Dynamics Corp. | 3.78% | 194,242 | $66.7M | Add +3.0% |
| RHHBY Roche Holdings Ltd.-Spons ADR | 3.64% | 1,291,630 | $64.2M | Reduce -29.5% |
| NVDA Nvidia Corp. | 3.33% | 336,724 | $58.7M | Add +199.9% |
| SBUX Starbucks Corp. | 3.20% | 629,785 | $56.4M | Add +6.1% |
| PG The Procter & Gamble Co. | 2.95% | 360,225 | $52.0M | Add +65.2% |
| RTX RTX Corp. | 2.84% | 259,071 | $50.0M | Reduce -17.2% |
| V Visa Inc. Class A | 2.68% | 156,373 | $47.3M | Add +40.0% |
| LLY Eli Lilly & Co. | 2.43% | 46,525 | $42.8M | Reduce -3.4% |
| CHRW C.H. Robinson Worldwide Inc. | 2.37% | 251,844 | $41.8M | Reduce -18.1% |
| HON Honeywell International Inc. | 2.13% | 165,945 | $37.5M | Add +18.8% |
| HD Home Depot Inc. | 1.66% | 88,808 | $29.2M | Reduce -2.8% |
| AAPL Apple Inc. | 1.61% | 111,983 | $28.4M | Reduce -3.1% |
| DEO Diageo PLC-Sponsored ADR | 1.60% | 378,141 | $28.2M | Add +39.5% |
| PEP Pepsico Inc. | 1.53% | 173,317 | $26.9M | Add +0.6% |
| ACN Accenture PLC Class A | 1.50% | 133,660 | $26.5M | Reduce -1.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.12% | 215,077 | $19.7M | Reduce -4.5% |
| CL Colgate-Palmolive Co. | 0.92% | 190,095 | $16.2M | Add +1.9% |
| NKE Nike Inc. Class B | 0.35% | 116,594 | $6.2M | Add +4.3% |
| ZTS Zoetis Inc. | 0.06% | 8,316 | $983K | Add +12.4% |
| GOOG Alphabet Inc. Class C | 0.05% | 2,913 | $836K | Reduce -31.3% |
| AMGN Amgen Inc. | 0.05% | 2,306 | $811K | Reduce -2.2% |
| CSCO Cisco Systems Inc. | 0.05% | 10,313 | $800K | Reduce -4.0% |
| KO The Coca-Cola Co. | 0.04% | 9,849 | $749K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.04% | 2,733 | $662K | No change |
| ADBE Adobe Inc. | 0.03% | 2,221 | $540K | Reduce -93.9% |
| SYY Sysco Corp. | 0.03% | 7,284 | $520K | Reduce -0.1% |
| APH Amphenol Corp. Class A | 0.03% | 4,002 | $506K | Reduce -0.1% |
| VNQ Vanguard Real Estate ETF | 0.03% | 5,414 | $480K | New |
| LOW Lowe's Cos Inc. | 0.03% | 1,993 | $471K | Add +0.1% |
| LMT Lockheed Martin Corp. | 0.02% | 695 | $420K | No change |
| AMZN Amazon.com Inc. | 0.02% | 2,000 | $417K | No change |
| PAYX Paychex Inc. | 0.02% | 3,884 | $358K | Add +0.1% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.02% | 2,977 | $268K | No change |
| NVS Novartis AG-Sponsored ADR | 0.01% | 1,490 | $228K | No change |
| JQUA JPMorgan US Quality Factor | 0.01% | 3,406 | $209K | Reduce -97.9% |
| EPD Enterprise Products Partners | 0.01% | 5,376 | $203K | New |
| UBFO United Security Bancshare | 0.01% | 11,000 | $116K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| ORCL Oracle Corp. | Sold out | 0.00% | −3.53 |
| GOOGL Alphabet Inc. Class A | Reduce -15.2% | 9.96% | −1.85 |
| RHHBY Roche Holdings Ltd.-Spons ADR | Reduce -29.5% | 3.64% | −1.31 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.90 |
| ADBE Adobe Inc. | Reduce -93.9% | 0.03% | −0.63 |
| JQUA JPMorgan US Quality Factor | Reduce -97.9% | 0.01% | −0.53 |
| ACN Accenture PLC Class A | Reduce -1.4% | 1.50% | −0.40 |
| LLY Eli Lilly & Co. | Reduce -3.4% | 2.43% | −0.28 |
| JNJ Johnson & Johnson | Reduce -26.2% | 4.71% | −0.28 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -18.1% | 2.37% | −0.22 |
| RTX RTX Corp. | Reduce -17.2% | 2.84% | −0.17 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.06 |
| AAPL Apple Inc. | Reduce -3.1% | 1.61% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -31.3% | 0.05% | −0.02 |
| APH Amphenol Corp. Class A | Reduce -0.1% | 0.03% | +0.00 |
| SYY Sysco Corp. | Reduce -0.1% | 0.03% | +0.00 |
| CSCO Cisco Systems Inc. | Reduce -4.0% | 0.05% | +0.00 |
| AMGN Amgen Inc. | Reduce -2.2% | 0.05% | +0.01 |
| HD Home Depot Inc. | Reduce -2.8% | 1.66% | +0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -4.5% | 1.12% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -8.5% | 4.82% | +0.88 |
Portfolio Buys Q4 2025 → Q1 2026
| NVDA Nvidia Corp. | Add +199.9% | 3.33% | +2.23 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +85.5% | 7.17% | +2.23 |
| PG The Procter & Gamble Co. | Add +65.2% | 2.95% | +1.31 |
| HON Honeywell International Inc. | Add +18.8% | 2.13% | +0.70 |
| V Visa Inc. Class A | Add +40.0% | 2.68% | +0.63 |
| SBUX Starbucks Corp. | Add +6.1% | 3.20% | +0.58 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.3% | 7.40% | +0.46 |
| GD General Dynamics Corp. | Add +3.0% | 3.78% | +0.45 |
| DEO Diageo PLC-Sponsored ADR | Add +39.5% | 1.60% | +0.37 |
| PEP Pepsico Inc. | Add +0.6% | 1.53% | +0.23 |
| MSFT Microsoft Corp. | Add +23.5% | 7.75% | +0.17 |
| CL Colgate-Palmolive Co. | Add +1.9% | 0.92% | +0.15 |
| DIS The Walt Disney Co. | Add +10.2% | 6.17% | +0.07 |
| VNQ Vanguard Real Estate ETF | New | 0.03% | +0.03 |
| EPD Enterprise Products Partners | New | 0.01% | +0.01 |
| ZTS Zoetis Inc. | Add +12.4% | 0.06% | +0.01 |
| LOW Lowe's Cos Inc. | Add +0.1% | 0.03% | +0.00 |
| PAYX Paychex Inc. | Add +0.1% | 0.02% | −0.00 |
| NKE Nike Inc. Class B | Add +4.3% | 0.35% | −0.02 |
| MDT Medtronic PLC | Add +1.8% | 5.78% | −0.04 |
| UL Unilever PLC-Sponsored ADR | Add +1.1% | 6.06% | −0.30 |
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 |