Saturna Capital Corp.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Saturna Capital Corp. reported 170 stock positions worth $7.2 billion. Its top holding was Eli Lilly (LLY) at 7.4% of the portfolio, followed by Microsoft (MSFT, 6.4%) and Apple (AAPL, 5.2%). Compared with Q4 2023, it opened 6 new positions, sold out of 7, added to 66 and reduced 46. The biggest buy was Nvidia (NVDA, shares +279%) and the biggest sale Motorola Solutions (MSI, shares −98%).

Most Recent 13F
Q2 2026
Location
BELLINGHAM, WA
CIK
0001316617
Portfolio Value
$7.2B (Q1 2024)
SEC Filing
0001316617-24-000009 ↗ filed May 13, 2024

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $7.2B $7.2B Q1 2024 Q2 2024: $7.5B Q2 2024 Q3 2024: $7.6B Q3 2024 Q4 2024: $7.4B Q4 2024 Q1 2025: $6.7B Q1 2025 Q2 2025: $7.4B Q2 2025 Q3 2025: $7.8B Q3 2025 Q4 2025: $7.5B Q4 2025 Q1 2026: $7.1B Q1 2026 Q2 2026: $8.2B Q2 2026

Holdings 170 stocks · $7.2B
LLY Eli Lilly & Co. 7.44% 692,609 $538.8M Reduce -2.6%
MSFT Microsoft Corp. 6.44% 1,109,809 $466.9M Add +5.8%
AAPL Apple Inc. 5.20% 2,195,775 $376.5M Reduce -0.5%
ASML ASML Holding NV-NY Reg SHS 4.27% 318,848 $309.4M Add +0.0%
TSM Taiwan Semiconductor-SP ADR 3.99% 2,126,439 $289.3M Add +0.1%
NVO Novo-Nordisk A/S-Spons ADR 3.79% 2,139,691 $274.7M Add +0.6%
AMD Advanced Micro Devices 3.03% 1,216,077 $219.5M Add +0.5%
GOOGL Alphabet Inc. Class A 2.97% 1,427,154 $215.4M Add +0.3%
INTU Intuit Inc. 2.68% 298,209 $193.8M Reduce 0.0%
AVGO Broadcom Inc. 2.53% 138,247 $183.2M Add +32.0%
ADBE Adobe Inc. 2.37% 340,732 $171.9M Add +0.0%
NVDA Nvidia Corp. 2.04% 163,332 $147.6M Add +279.4%
JCI Johnson Controls Internation 2.00% 2,213,274 $144.6M Add +0.1%
NOW ServiceNow Inc. 1.98% 188,218 $143.5M Add +22.9%
KEYS Keysight Technologies Inc. 1.86% 860,000 $134.5M Add +72.0%
A Agilent Technologies Inc. 1.83% 910,694 $132.5M Reduce -0.0%
AMGN Amgen Inc. 1.82% 463,967 $131.9M No change
AZO AutoZone Inc. 1.77% 40,616 $128.0M Add +0.7%
CSCO Cisco Systems Inc. 1.77% 2,563,000 $127.9M Add +1.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.73% 1,233,280 $125.1M Add +0.0%
CHD Church & Dwight Co. Inc. 1.72% 1,193,962 $124.5M Add +0.1%
TT Trane Technologies PLC 1.67% 402,795 $120.9M Add +0.2%
ORCL Oracle Corp. 1.67% 960,925 $120.7M Add +3.6%
MRK Merck & Co. Inc. 1.57% 864,424 $114.1M Add +13.8%
AZN Astrazeneca PLC-Spons ADR 1.56% 1,669,129 $113.1M Add +31.1%
SYK Stryker Corp. 1.55% 313,691 $112.3M Reduce -0.1%
LOW Lowe's Cos Inc. 1.53% 435,899 $111.0M Add +0.1%
ELV Elevance Health Inc. 1.50% 209,879 $108.8M Add +13.5%
TRMB Trimble Inc. 1.50% 1,690,347 $108.8M Add +8.7%
LULU Lululemon Athletica Inc. 1.27% 235,204 $91.9M Add +9.2%
UNP Union Pacific Corp. 1.22% 358,248 $88.1M Reduce 0.0%
ROK Rockwell Automation Inc. 1.21% 300,300 $87.5M No change
IT Gartner Inc. 1.19% 180,641 $86.1M No change
ITW Illinois Tool Works 1.17% 316,149 $84.8M Reduce -0.1%
GWW WW Grainger Inc. filed as GRAINGER W W INC 1.15% 81,874 $83.3M No change
LECO Lincoln Electric Holdings 0.97% 273,900 $70.0M No change
LIN Linde PLC 0.87% 136,060 $63.2M No change
GPC Genuine Parts Co. 0.82% 382,000 $59.2M Reduce -1.5%
PPG PPG Industries Inc. 0.77% 386,580 $56.0M No change
CNI Canadian Natl Railway Co. 0.74% 408,000 $53.7M No change
NSC Norfolk Southern Corp. 0.72% 203,720 $51.9M Reduce -0.5%
ABT Abbott Laboratories 0.67% 424,098 $48.2M Reduce -0.7%
TXN Texas Instruments Inc. 0.64% 266,584 $46.4M Reduce -0.3%
FAST Fastenal Co. 0.62% 583,962 $45.0M Reduce -0.1%
IDXX Idexx Laboratories Inc. 0.62% 83,072 $44.9M Add +0.1%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.61% 286,694 $44.2M Reduce -0.5%
CL Colgate-Palmolive Co. 0.60% 486,049 $43.8M Add +7.7%
MKC McCormick & Co.-Non VTG SHRS 0.59% 560,016 $43.0M No change
UPS United Parcel Service Class B 0.56% 274,696 $40.8M Add +17.4%
PG The Procter & Gamble Co. 0.56% 250,218 $40.6M Add +29.5%
ETN Eaton Corp. PLC 0.54% 124,393 $38.9M Add +1.0%
KMB Kimberly-Clark Corp. 0.52% 289,350 $37.4M Add +24.5%
BMY Bristol-Myers Squibb Co. 0.51% 677,079 $36.7M Reduce -0.1%
FERG Ferguson Jersey Ltd. 0.44% 145,396 $31.8M Add +621.7%
NVS Novartis AG-Sponsored ADR 0.44% 327,884 $31.7M Add +0.1%
PFE Pfizer Inc. 0.42% 1,101,230 $30.6M Add +0.0%
JNJ Johnson & Johnson 0.40% 183,926 $29.1M Reduce -64.9%
UL Unilever PLC 0.37% 537,285 $27.0M Reduce -0.0%
APD Air Products & Chemicals Inc. 0.37% 111,110 $26.9M Reduce -0.1%
ABBV Abbvie Inc. 0.29% 115,368 $21.0M Add +0.5%
KVUE Kenvue Inc. 0.26% 868,839 $18.6M Add +64.8%
QCOM Qualcomm Inc. 0.12% 51,114 $8.7M Add +0.9%
ACN Accenture PLC Class A 0.08% 16,963 $5.9M Add +1.0%
AMZN Amazon.com Inc. 0.07% 28,656 $5.2M Reduce -0.1%
RIO Rio Tinto PLC-Spon ADR 0.07% 77,300 $4.9M No change
MELI MercadoLibre Inc. 0.06% 2,990 $4.5M No change
SCCO Southern Copper Corp. 0.06% 41,500 $4.4M No change
STM Stmicroelectronics NV-NY SHS 0.06% 98,739 $4.3M Reduce -3.5%
MA Mastercard Inc. Class A 0.06% 8,325 $4.0M Reduce -3.2%
NICE Nice Ltd. - Spon ADR 0.06% 15,337 $4.0M No change
ORLY O'reilly Automotive Inc. 0.05% 3,315 $3.7M No change
SAP Sap SE-Sponsored ADR 0.04% 16,349 $3.2M Add +10.7%
COST Costco Wholesale Corp. 0.04% 4,319 $3.2M Reduce -0.9%
JBL Jabil Inc. 0.04% 23,000 $3.1M No change
FND Floor & Decor Holdings Inc. Class A 0.04% 23,384 $3.0M Add +2.5%
MSI Motorola Solutions Inc. 0.04% 7,541 $2.7M Reduce -97.6%
INFY Infosys Ltd.-SP ADR 0.04% 146,500 $2.6M No change
FIX Comfort Systems USA Inc. 0.04% 8,059 $2.6M Reduce -15.7%
COP Conocophillips 0.03% 19,410 $2.5M Reduce -11.2%
B Barrick Gold Corp. 0.03% 144,740 $2.4M No change
CTVA Corteva Inc. 0.03% 40,517 $2.3M Reduce -11.5%
PSA Public Storage 0.03% 7,819 $2.3M Add +14.3%
MCO Moody's Corp. 0.03% 5,689 $2.2M No change
EW Edwards Lifesciences Corp. 0.03% 22,611 $2.2M Add +5.2%
ALC Alcon Inc. filed as ALCON AG 0.03% 24,766 $2.1M Reduce -4.3%
NKE Nike Inc. Class B 0.03% 20,883 $2.0M Add +1.4%
TEL Te Connectivity Ltd. 0.03% 13,335 $1.9M Add +3.6%
HD Home Depot Inc. 0.03% 5,014 $1.9M Add +3.0%
CRM Salesforce Inc. 0.03% 6,350 $1.9M Add +4.0%
MNST Monster Beverage Corp. 0.03% 32,200 $1.9M Reduce -2.7%
TLK Telkom Indonesia Persero-ADR filed as P T TELEKOMUNIKASI INDONESIA 0.03% 83,000 $1.8M No change
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.02% 36,500 $1.8M No change
CSW CSW Industrials Inc. 0.02% 7,609 $1.8M No change
BSX Boston Scientific Corp. 0.02% 24,850 $1.7M Add +5.3%
ICFI Icf International Inc. 0.02% 11,200 $1.7M No change
NXPI NXP Semiconductors NV 0.02% 6,758 $1.7M Reduce -1.4%
PLD Prologis Inc. 0.02% 12,433 $1.6M Add +6.7%
AEM Agnico Eagle Mines Ltd. 0.02% 24,736 $1.5M No change
OTEX Open Text Corp. 0.02% 37,790 $1.5M New
BHP BHP Group Ltd.-Spon ADR 0.02% 25,200 $1.5M Reduce -16.9%
SONY Sony Group Corp. - SP ADR 0.02% 16,600 $1.4M No change
META Meta Platforms Inc. Class A 0.02% 2,929 $1.4M Add +213.9%
WSO Watsco Inc. 0.02% 3,223 $1.4M Add +34.0%
TSCO Tractor Supply Company 0.02% 5,125 $1.3M Add +5.1%
ROP Roper Technologies Inc. 0.02% 2,300 $1.3M No change
GSK GSK PLC-Spon ADR 0.02% 30,042 $1.3M Add +2.1%
UNH Unitedhealth Group Inc. 0.02% 2,280 $1.1M Reduce -8.8%
MPWR Monolithic Power Systems Inc. 0.02% 1,645 $1.1M Add +17.9%
CCJ Cameco Corp. 0.02% 25,528 $1.1M No change
ZTS Zoetis Inc. 0.02% 6,475 $1.1M Reduce -3.6%
RSG Republic Services Inc. 0.01% 5,614 $1.1M No change
HON Honeywell International Inc. 0.01% 4,950 $1.0M Reduce -98.1%
PANW Palo Alto Networks Inc. 0.01% 3,339 $949K Reduce -1.9%
RJF Raymond James Financial Inc. 0.01% 7,352 $944K No change
CP Canadian Pacific Kansas City 0.01% 10,287 $907K Add +24.1%
LMB Limbach Holdings Inc. 0.01% 21,162 $877K No change
TYL Tyler Technologies Inc. 0.01% 2,011 $855K No change
FSLR First Solar Inc. 0.01% 5,043 $851K Add +24.1%
VAL Valaris Ltd. 0.01% 11,130 $838K New
CB Chubb Ltd. 0.01% 3,170 $821K No change
CRSP Crispr Therapeutics AG 0.01% 10,930 $745K No change
MTRX Matrix Service Co. 0.01% 56,920 $742K Reduce -7.6%
AON Aon PLC Class A 0.01% 1,989 $664K No change
PWR Quanta Services Inc. 0.01% 2,400 $624K Reduce -17.6%
TU Telus Corp. 0.01% 38,000 $608K No change
ENPH Enphase Energy Inc. 0.01% 4,828 $584K Add +27.7%
ROST Ross Stores Inc. 0.01% 3,970 $583K Reduce -77.7%
EXPO Exponent Inc. 0.01% 7,015 $580K Reduce -6.3%
RXST Rxsight Inc. 0.01% 11,018 $568K No change
WY Weyerhaeuser Co. 0.01% 15,494 $556K Add +14.3%
FROG Jfrog Ltd. 0.01% 11,267 $498K New
NEE Nextera Energy Inc. 0.01% 7,225 $462K No change
WM Waste Management Inc. 0.01% 2,162 $461K No change
MCHP Microchip Technology Inc. 0.01% 5,042 $452K No change
RMBS Rambus Inc. 0.01% 6,967 $431K Add +67.2%
CPT Camden Property Trust 0.01% 4,365 $430K Add +14.4%
GIS General Mills Inc. 0.01% 6,023 $421K Reduce -3.7%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.01% 6,570 $415K Add +18.3%
PCH Potlatchdeltic Corp. 0.01% 8,725 $410K Add +13.4%
CRWD CrowdStrike Holdings Inc. Class A 0.01% 1,273 $408K Add +2.7%
XOM Exxon Mobil Corp. 0.01% 3,464 $403K Add +0.1%
VIRT Virtu Financial Inc. Class A 0.01% 18,500 $380K No change
IOVA Iovance Biotherapeutics Inc. 0.01% 25,200 $373K No change
MU Micron Technology Inc. 0.00% 2,950 $348K No change
ECL Ecolab Inc. 0.00% 1,500 $346K Reduce -21.9%
GOOG Alphabet Inc. Class C 0.00% 2,223 $338K Reduce -57.9%
D Dominion Energy Inc. 0.00% 6,750 $332K New
V Visa Inc. Class A 0.00% 1,165 $325K Reduce -16.8%
SHEL Shell PLC-ADR 0.00% 4,849 $325K Reduce -44.9%
JPM JPMorgan Chase & Co. 0.00% 1,608 $322K No change
VZ Verizon Communications Inc. 0.00% 7,670 $322K Add +22.5%
FCX Freeport-McMoran Inc. 0.00% 6,813 $320K No change
SBUX Starbucks Corp. 0.00% 3,333 $305K No change
SITM Sitime Corp. 0.00% 3,208 $299K Add +59.8%
GIB Cgi Inc. 0.00% 2,650 $293K No change
CVX Chevron Corp. 0.00% 1,852 $292K No change
PH Parker Hannifin Corp. 0.00% 510 $283K Add +2.0%
MAA Mid-America Apartment Comm 0.00% 2,145 $282K Add +22.2%
NVEC Nve Corp. 0.00% 3,100 $280K Reduce -21.3%
BKNG Booking Holdings Inc. 0.00% 76 $276K Reduce -15.6%
TD Toronto-Dominion Bank 0.00% 4,500 $272K No change
CFLT Confluent Inc. Class A 0.00% 8,700 $266K New
ZS Zscaler Inc. 0.00% 1,365 $263K No change
PSX Phillips 66 0.00% 1,500 $245K New
ESTC Elastic NV 0.00% 2,389 $239K No change
SKM SK Telecom Co. Ltd.-Spon ADR 0.00% 11,000 $237K No change
ORANY Orange-Spon ADR 0.00% 20,000 $235K No change
CLX Clorox Company 0.00% 1,535 $235K Reduce -11.0%
INTC Intel Corp. 0.00% 4,655 $206K Reduce -10.2%
HLN Haleon PLC-ADR 0.00% 11,500 $98K No change

Portfolio Sells Q4 2023 → Q1 2024
MSI Motorola Solutions Inc. Reduce -97.6% 0.04% −1.51
AAPL Apple Inc. Reduce -0.5% 5.20% −1.42
JNJ Johnson & Johnson Reduce -64.9% 0.40% −0.88
HON Honeywell International Inc. Reduce -98.1% 0.01% −0.85
INTU Intuit Inc. Reduce 0.0% 2.68% −0.23
UNP Union Pacific Corp. Reduce 0.0% 1.22% −0.16
A Agilent Technologies Inc. Reduce -0.0% 1.83% −0.14
ITW Illinois Tool Works Reduce -0.1% 1.17% −0.12
APD Air Products & Chemicals Inc. Reduce -0.1% 0.37% −0.10
TXN Texas Instruments Inc. Reduce -0.3% 0.64% −0.07
ABT Abbott Laboratories Reduce -0.7% 0.67% −0.07
EL Estee Lauder Companies Class A Reduce -0.5% 0.61% −0.05
NSC Norfolk Southern Corp. Reduce -0.5% 0.72% −0.04
BMY Bristol-Myers Squibb Co. Reduce -0.1% 0.51% −0.04
UL Unilever PLC Reduce -0.0% 0.37% −0.03
ROST Ross Stores Inc. Reduce -77.7% 0.01% −0.03
STM Stmicroelectronics NV-NY SHS Reduce -3.5% 0.06% −0.02
GPC Genuine Parts Co. Reduce -1.5% 0.82% −0.02
CRL Charles River Laboratories Sold out 0.00% −0.01
JNPR Juniper Networks Inc. Sold out 0.00% −0.01
BHP BHP Group Ltd.-Spon ADR Reduce -16.9% 0.02% −0.01
ON On Semiconductor Sold out 0.00% −0.01
EQIX Equinix Inc. Sold out 0.00% −0.01
GOOG Alphabet Inc. Class C Reduce -57.9% 0.00% −0.01
ZTS Zoetis Inc. Reduce -3.6% 0.02% −0.01
COP Conocophillips Reduce -11.2% 0.03% −0.01
UNH Unitedhealth Group Inc. Reduce -8.8% 0.02% −0.00
SHEL Shell PLC-ADR Reduce -44.9% 0.00% −0.00
NE Noble Corp. PLC Sold out 0.00% −0.00
DAR Darling Ingredients Inc. Sold out 0.00% −0.00
IDA Idacorp Inc. Sold out 0.00% −0.00
MNST Monster Beverage Corp. Reduce -2.7% 0.03% −0.00
ALC Alcon Inc. Reduce -4.3% 0.03% −0.00
PANW Palo Alto Networks Inc. Reduce -1.9% 0.01% −0.00
EXPO Exponent Inc. Reduce -6.3% 0.01% −0.00
CTVA Corteva Inc. Reduce -11.5% 0.03% −0.00
MA Mastercard Inc. Class A Reduce -3.2% 0.06% −0.00
NXPI NXP Semiconductors NV Reduce -1.4% 0.02% −0.00
BKNG Booking Holdings Inc. Reduce -15.6% 0.00% −0.00
COST Costco Wholesale Corp. Reduce -0.9% 0.04% −0.00
ECL Ecolab Inc. Reduce -21.9% 0.00% −0.00
INTC Intel Corp. Reduce -10.2% 0.00% −0.00
PWR Quanta Services Inc. Reduce -17.6% 0.01% −0.00
V Visa Inc. Class A Reduce -16.8% 0.00% −0.00
NVEC Nve Corp. Reduce -21.3% 0.00% −0.00
CLX Clorox Company Reduce -11.0% 0.00% −0.00
GIS General Mills Inc. Reduce -3.7% 0.01% −0.00
MTRX Matrix Service Co. Reduce -7.6% 0.01% +0.00
AMZN Amazon.com Inc. Reduce -0.1% 0.07% +0.00
FIX Comfort Systems USA Inc. Reduce -15.7% 0.04% +0.00

Portfolio Buys Q4 2023 → Q1 2024
NVDA Nvidia Corp. Add +279.4% 2.04% +1.70
AVGO Broadcom Inc. Add +32.0% 2.53% +0.71
KEYS Keysight Technologies Inc. Add +72.0% 1.86% +0.62
TSM Taiwan Semiconductor-SP ADR Add +0.1% 3.99% +0.55
ASML ASML Holding NV-NY Reg SHS Add +0.0% 4.27% +0.51
FERG Ferguson Jersey Ltd. Add +621.7% 0.44% +0.38
NVO Novo-Nordisk A/S-Spons ADR Add +0.6% 3.79% +0.36
MSFT Microsoft Corp. Add +5.8% 6.44% +0.30
NOW ServiceNow Inc. Add +22.9% 1.98% +0.30
MRK Merck & Co. Inc. Add +13.8% 1.57% +0.28
AMD Advanced Micro Devices Add +0.5% 3.03% +0.25
AZN Astrazeneca PLC-Spons ADR Add +31.1% 1.56% +0.22
TRMB Trimble Inc. Add +8.7% 1.50% +0.21
ELV Elevance Health Inc. Add +13.5% 1.50% +0.14
ORCL Oracle Corp. Add +3.6% 1.67% +0.14
AZO AutoZone Inc. Add +0.7% 1.77% +0.14
TT Trane Technologies PLC Add +0.2% 1.67% +0.14
PG The Procter & Gamble Co. Add +29.5% 0.56% +0.12
KVUE Kenvue Inc. Add +64.8% 0.26% +0.08
KMB Kimberly-Clark Corp. Add +24.5% 0.52% +0.08
ETN Eaton Corp. PLC Add +1.0% 0.54% +0.07
CL Colgate-Palmolive Co. Add +7.7% 0.60% +0.04
LOW Lowe's Cos Inc. Add +0.1% 1.53% +0.02
OTEX Open Text Corp. New 0.02% +0.02
META Meta Platforms Inc. Class A Add +213.9% 0.02% +0.01
ABBV Abbvie Inc. Add +0.5% 0.29% +0.01
VAL Valaris Ltd. New 0.01% +0.01
JCI Johnson Controls Internation Add +0.1% 2.00% +0.01
SAP Sap SE-Sponsored ADR Add +10.7% 0.04% +0.01
FROG Jfrog Ltd. New 0.01% +0.01
QCOM Qualcomm Inc. Add +0.9% 0.12% +0.01
D Dominion Energy Inc. New 0.00% +0.00
EW Edwards Lifesciences Corp. Add +5.2% 0.03% +0.00
CFLT Confluent Inc. Class A New 0.00% +0.00
PSX Phillips 66 New 0.00% +0.00
WSO Watsco Inc. Add +34.0% 0.02% +0.00
CP Canadian Pacific Kansas City Add +24.1% 0.01% +0.00
BSX Boston Scientific Corp. Add +5.3% 0.02% +0.00
FND Floor & Decor Holdings Inc. Class A Add +2.5% 0.04% +0.00
TSCO Tractor Supply Company Add +5.1% 0.02% +0.00
MPWR Monolithic Power Systems Inc. Add +17.9% 0.02% +0.00
RMBS Rambus Inc. Add +67.2% 0.01% +0.00
CRM Salesforce Inc. Add +4.0% 0.03% +0.00
FSLR First Solar Inc. Add +24.1% 0.01% +0.00
GSK GSK PLC-Spon ADR Add +2.1% 0.02% +0.00
VZ Verizon Communications Inc. Add +22.5% 0.00% +0.00
CRWD CrowdStrike Holdings Inc. Class A Add +2.7% 0.01% +0.00
VMRK Vivmark Residential Add +18.3% 0.01% +0.00
ENPH Enphase Energy Inc. Add +27.7% 0.01% +0.00
HD Home Depot Inc. Add +3.0% 0.03% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 140$8.2BTSM, AVGO, AAPL, LLY, MSFT
Q1 2026 148$7.1BTSM, LLY, AVGO, AAPL, ASML
Q4 2025 150$7.5BTSM, LLY, AVGO, MSFT, AAPL
Q3 2025 157$7.8BTSM, MSFT, AVGO, AAPL, LLY
Q2 2025 157$7.4BMSFT, TSM, LLY, AVGO, AAPL
Q1 2025 149$6.7BLLY, AAPL, MSFT, TSM, AVGO
Q4 2024 157$7.4BAAPL, LLY, MSFT, TSM, AVGO
Q3 2024 158$7.6BLLY, AAPL, MSFT, TSM, ASML
Q2 2024 166$7.5BLLY, MSFT, AAPL, TSM, ASML
Q1 2024 170$7.2BLLY, MSFT, AAPL, ASML, TSM