Saturna Capital Corp.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 5, 2024), Saturna Capital Corp. reported 158 stock positions worth $7.6 billion. Its top holding was Eli Lilly (LLY) at 7.5% of the portfolio, followed by Apple (AAPL, 6.5%) and Microsoft (MSFT, 6.3%). Compared with Q2 2024, it opened 4 new positions, sold out of 12, added to 64 and reduced 45. The biggest buy was Abbvie (ABBV, shares +486%) and the biggest sale an exit from Idexx Laboratories (IDXX).

Most Recent 13F
Q2 2026
Location
BELLINGHAM, WA
CIK
0001316617
Portfolio Value
$7.6B (Q3 2024)
SEC Filing
0001316617-24-000014 ↗ filed Nov 5, 2024

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $7.2B Q1 2024 Q2 2024: $7.5B Q2 2024 Q3 2024: $7.6B $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 158 stocks · $7.6B
LLY Eli Lilly & Co. 7.52% 649,411 $575.3M Reduce -4.9%
AAPL Apple Inc. 6.50% 2,134,890 $497.4M Reduce -2.1%
MSFT Microsoft Corp. 6.26% 1,111,853 $478.4M Add +0.3%
TSM Taiwan Semiconductor-SP ADR 4.84% 2,133,023 $370.4M Add +0.1%
ASML ASML Holding NV-NY Reg SHS 3.48% 319,554 $266.3M Add +0.1%
NVDA Nvidia Corp. 3.45% 2,174,658 $264.1M Reduce -0.2%
NVO Novo-Nordisk A/S-Spons ADR 3.32% 2,132,038 $253.9M Reduce -0.2%
AVGO Broadcom Inc. 3.32% 1,471,015 $253.8M Add +1.2%
GOOGL Alphabet Inc. Class A 3.10% 1,430,995 $237.3M Add +0.3%
JCI Johnson Controls Internation 2.68% 2,641,639 $205.0M Add +0.0%
AMD Advanced Micro Devices 2.61% 1,215,870 $199.5M No change
INTU Intuit Inc. 2.40% 295,503 $183.5M Reduce -0.8%
ADBE Adobe Inc. 2.30% 339,060 $175.6M Reduce -0.5%
NOW ServiceNow Inc. 2.21% 188,798 $168.9M Add +0.1%
ORCL Oracle Corp. 2.13% 957,562 $163.2M Reduce -0.2%
PG The Procter & Gamble Co. 2.09% 921,002 $159.5M Add +0.1%
TT Trane Technologies PLC 2.05% 403,869 $157.0M Add +0.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.89% 1,230,875 $144.7M Add +0.0%
KEYS Keysight Technologies Inc. 1.81% 869,865 $138.2M Add +0.0%
A Agilent Technologies Inc. 1.76% 905,686 $134.5M Reduce -0.5%
ABBV Abbvie Inc. 1.75% 676,176 $133.5M Add +486.1%
AZN Astrazeneca PLC-Spons ADR 1.71% 1,674,852 $130.5M Add +0.2%
AZO AutoZone Inc. 1.67% 40,638 $128.0M Add +0.1%
CHD Church & Dwight Co. Inc. 1.63% 1,191,893 $124.8M Add +0.0%
LOW Lowe's Cos Inc. 1.52% 429,635 $116.4M Add +0.1%
SYK Stryker Corp. 1.48% 313,270 $113.2M Add +0.0%
CSCO Cisco Systems Inc. 1.44% 2,063,021 $109.8M Reduce -18.4%
ELV Elevance Health Inc. 1.43% 209,939 $109.2M Add +0.0%
MRK Merck & Co. Inc. 1.41% 952,200 $108.1M Add +0.1%
TRMB Trimble Inc. 1.37% 1,690,910 $105.0M Add +0.0%
IT Gartner Inc. 1.20% 180,641 $91.5M No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 1.11% 81,980 $85.2M Add +0.3%
ROK Rockwell Automation Inc. 1.06% 301,300 $80.9M Add +0.3%
ITW Illinois Tool Works 1.06% 308,174 $80.8M Reduce -2.3%
UNP Union Pacific Corp. 1.03% 318,853 $78.6M Reduce -7.7%
LIN Linde PLC 0.85% 136,060 $64.9M No change
TXN Texas Instruments Inc. 0.72% 266,007 $54.9M Add +0.1%
LECO Lincoln Electric Holdings 0.70% 280,279 $53.8M Reduce -0.7%
GPC Genuine Parts Co. 0.70% 383,800 $53.6M Add +0.5%
CL Colgate-Palmolive Co. 0.66% 489,200 $50.8M Add +0.0%
PPG PPG Industries Inc. 0.66% 379,580 $50.3M No change
MKC McCormick & Co.-Non VTG SHRS 0.60% 560,016 $46.1M No change
CNI Canadian Natl Railway Co. 0.59% 384,000 $45.0M Reduce -5.9%
ABT Abbott Laboratories 0.59% 394,071 $44.9M Reduce -3.2%
AMGN Amgen Inc. 0.59% 139,097 $44.8M Reduce -1.5%
ETN Eaton Corp. PLC 0.58% 133,526 $44.3M Reduce -0.4%
KMB Kimberly-Clark Corp. 0.56% 301,090 $42.8M Reduce 0.0%
FERG Ferguson Enterprises Inc. 0.55% 211,892 $42.1M Add +0.6%
UL Unilever PLC 0.49% 574,325 $37.3M Add +0.5%
UPS United Parcel Service Class B 0.48% 271,495 $37.0M Reduce -1.2%
NVS Novartis AG-Sponsored ADR 0.48% 318,018 $36.6M Reduce -2.6%
APD Air Products & Chemicals Inc. 0.43% 110,860 $33.0M No change
KVUE Kenvue Inc. 0.40% 1,334,860 $30.9M Add +29.9%
JNJ Johnson & Johnson 0.39% 185,339 $30.0M Add +0.4%
PFE Pfizer Inc. 0.29% 778,150 $22.5M Reduce -2.9%
BMY Bristol-Myers Squibb Co. 0.16% 243,150 $12.6M Reduce -51.5%
QCOM Qualcomm Inc. 0.11% 50,253 $8.5M Reduce -13.4%
MELI MercadoLibre Inc. 0.08% 2,910 $6.0M Reduce -2.7%
RIO Rio Tinto PLC-Spon ADR 0.08% 83,728 $6.0M Add +0.2%
AMZN Amazon.com Inc. 0.07% 28,494 $5.3M No change
SCCO Southern Copper Corp. 0.07% 43,673 $5.1M Add +0.6%
ORLY O'reilly Automotive Inc. 0.06% 3,791 $4.4M Add +0.9%
SAP Sap SE-Sponsored ADR 0.06% 18,804 $4.3M No change
ACN Accenture PLC Class A 0.05% 11,426 $4.0M Reduce -1.3%
COST Costco Wholesale Corp. 0.05% 4,412 $3.9M Add +7.1%
INFY Infosys Ltd.-SP ADR 0.05% 163,200 $3.6M No change
MA Mastercard Inc. Class A 0.04% 6,970 $3.4M Reduce -10.2%
JBL Jabil Inc. 0.04% 28,600 $3.4M No change
MSI Motorola Solutions Inc. 0.04% 7,577 $3.4M Add +0.7%
B Barrick Gold Corp. 0.04% 165,561 $3.3M Add +0.9%
NICE Nice Ltd. - Spon ADR 0.04% 17,437 $3.0M No change
MCO Moody's Corp. 0.04% 5,689 $2.7M No change
ALC Alcon Inc. filed as ALCON AG 0.03% 25,145 $2.5M No change
PSA Public Storage 0.03% 6,542 $2.4M Add +3.2%
PWR Quanta Services Inc. 0.03% 7,553 $2.3M Add +2.1%
BSX Boston Scientific Corp. 0.03% 26,500 $2.2M Add +1.5%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.03% 49,407 $2.1M Add +0.8%
TEL Te Connectivity PLC 0.03% 13,440 $2.0M Add +1.9%
META Meta Platforms Inc. Class A 0.03% 3,505 $2.0M Reduce -35.8%
AEM Agnico Eagle Mines Ltd. 0.03% 24,689 $2.0M Add +6.0%
COP Conocophillips 0.02% 18,045 $1.9M Reduce -3.1%
CTVA Corteva Inc. 0.02% 32,236 $1.9M Reduce -13.2%
CRM Salesforce Inc. 0.02% 6,747 $1.8M Add +3.0%
MNST Monster Beverage Corp. 0.02% 32,800 $1.7M Add +1.9%
TLK Telkom Indonesia Persero-ADR filed as P T TELEKOMUNIKASI INDONESIA 0.02% 83,782 $1.7M Add +0.9%
HD Home Depot Inc. 0.02% 4,029 $1.6M No change
EW Edwards Lifesciences Corp. 0.02% 24,534 $1.6M Add +7.1%
NXPI NXP Semiconductors NV 0.02% 6,534 $1.6M Reduce -2.2%
MPWR Monolithic Power Systems Inc. 0.02% 1,618 $1.5M No change
CSW CSW Industrials Inc. 0.02% 4,057 $1.5M Reduce -44.8%
WSO Watsco Inc. 0.02% 2,979 $1.5M Add +3.1%
OTEX Open Text Corp. 0.02% 41,440 $1.4M Add +9.7%
LULU Lululemon Athletica Inc. 0.02% 5,069 $1.4M No change
PLD Prologis Inc. 0.02% 10,857 $1.4M Reduce -5.7%
FSLR First Solar Inc. 0.02% 5,204 $1.3M Add +2.5%
FAST Fastenal Co. 0.02% 18,144 $1.3M No change
FIX Comfort Systems USA Inc. 0.02% 3,308 $1.3M Reduce -43.7%
RSG Republic Services Inc. 0.02% 6,377 $1.3M Add +4.0%
ZTS Zoetis Inc. 0.02% 6,475 $1.3M No change
PANW Palo Alto Networks Inc. 0.02% 3,459 $1.2M Add +3.8%
ICFI Icf International Inc. 0.01% 6,808 $1.1M Reduce -39.2%
GSK GSK PLC-Spon ADR 0.01% 27,338 $1.1M Add +7.4%
TYL Tyler Technologies Inc. 0.01% 1,811 $1.1M No change
NSC Norfolk Southern Corp. 0.01% 4,095 $1.0M Reduce -4.7%
UNH Unitedhealth Group Inc. 0.01% 1,606 $939K Add +1.6%
CB Chubb Ltd. 0.01% 3,170 $914K No change
EXPO Exponent Inc. 0.01% 7,394 $852K Add +5.6%
NEE Nextera Energy Inc. 0.01% 9,175 $776K Add +13.6%
ITRI Itron Inc. 0.01% 7,213 $770K Add +6.1%
FND Floor & Decor Holdings Inc. Class A 0.01% 6,060 $752K Reduce -73.2%
EQIX Equinix Inc. 0.01% 841 $746K No change
VAL Valaris Ltd. 0.01% 13,290 $741K Add +4.8%
CP Canadian Pacific Kansas City 0.01% 8,654 $740K No change
ROP Roper Technologies Inc. 0.01% 1,328 $739K Reduce -60.9%
LMB Limbach Holdings Inc. 0.01% 9,165 $694K Reduce -53.9%
AON Aon PLC Class A 0.01% 1,989 $688K No change
TSCO Tractor Supply Company 0.01% 2,330 $678K Reduce -54.0%
BHP BHP Group Ltd.-Spon ADR 0.01% 10,654 $662K Reduce -60.5%
D Dominion Energy Inc. 0.01% 10,400 $601K Add +34.2%
VIRT Virtu Financial Inc. Class A 0.01% 18,500 $564K No change
CPT Camden Property Trust 0.01% 4,540 $561K No change
WY Weyerhaeuser Co. 0.01% 16,239 $550K No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.01% 7,260 $541K No change
RXST Rxsight Inc. 0.01% 9,618 $475K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 2,123 $469K Add +3.9%
GIS General Mills Inc. 0.01% 6,302 $465K Add +28.0%
CRSP Crispr Therapeutics AG 0.01% 9,779 $459K No change
PCH Potlatchdeltic Corp. 0.01% 10,031 $452K Add +3.7%
MAA Mid-America Apartment Comm 0.01% 2,830 $450K No change
EME Emcor Group Inc. 0.01% 960 $413K Add +12.9%
AGX Argan Inc. 0.01% 3,894 $395K New
SONY Sony Group Corp. - SP ADR 0.01% 4,000 $386K No change
ECL Ecolab Inc. 0.01% 1,500 $383K No change
WM Waste Management Inc. 0.01% 1,838 $382K No change
ROST Ross Stores Inc. 0.00% 2,510 $378K No change
VZ Verizon Communications Inc. 0.00% 7,670 $344K No change
MTRX Matrix Service Co. 0.00% 29,694 $342K Reduce -41.7%
JPM JPMorgan Chase & Co. 0.00% 1,608 $339K No change
ENPH Enphase Energy Inc. 0.00% 2,910 $329K Reduce -39.8%
CCJ Cameco Corp. 0.00% 6,761 $323K Reduce -71.2%
PH Parker Hannifin Corp. 0.00% 500 $316K No change
STM Stmicroelectronics NV-NY SHS 0.00% 10,335 $307K Reduce -89.9%
V Visa Inc. Class A 0.00% 1,115 $307K No change
RMBS Rambus Inc. 0.00% 6,681 $282K No change
SKM SK Telecom Co. Ltd.-Spon ADR 0.00% 11,000 $261K No change
SHEL Shell PLC-ADR 0.00% 3,800 $251K Reduce -21.6%
FROG Jfrog Ltd. 0.00% 8,601 $250K No change
NVEC Nve Corp. 0.00% 3,100 $248K No change
ZS Zscaler Inc. 0.00% 1,398 $239K Add +9.9%
ORANY Orange-Spon ADR 0.00% 20,000 $230K No change
PSX Phillips 66 0.00% 1,729 $227K Add +15.3%
PYPL PayPal Holdings Inc. 0.00% 2,900 $226K New
MU Micron Technology Inc. 0.00% 2,175 $226K No change
MCHP Microchip Technology Inc. 0.00% 2,635 $212K Reduce -1.1%
FBIN Fortune Brands Innovations I 0.00% 2,350 $210K New
SITM Sitime Corp. 0.00% 1,200 $206K New
IOVA Iovance Biotherapeutics Inc. 0.00% 20,553 $193K Add +7.0%
HLN Haleon PLC-ADR 0.00% 11,500 $122K No change

Portfolio Sells Q2 2024 → Q3 2024
IDXX Idexx Laboratories Inc. Sold out 0.00% −1.07
NVO Novo-Nordisk A/S-Spons ADR Reduce -0.2% 3.32% −0.73
LLY Eli Lilly & Co. Reduce -4.9% 7.52% −0.68
ADBE Adobe Inc. Reduce -0.5% 2.30% −0.22
INTU Intuit Inc. Reduce -0.8% 2.40% −0.20
CSCO Cisco Systems Inc. Reduce -18.4% 1.44% −0.16
NVDA Nvidia Corp. Reduce -0.2% 3.45% −0.12
BMY Bristol-Myers Squibb Co. Reduce -51.5% 0.16% −0.11
CNI Canadian Natl Railway Co. Reduce -5.9% 0.59% −0.05
STM Stmicroelectronics NV-NY SHS Reduce -89.9% 0.00% −0.05
QCOM Qualcomm Inc. Reduce -13.4% 0.11% −0.04
FND Floor & Decor Holdings Inc. Class A Reduce -73.2% 0.01% −0.02
ROP Roper Technologies Inc. Reduce -60.9% 0.01% −0.02
UPS United Parcel Service Class B Reduce -1.2% 0.48% −0.02
RJF Raymond James Financial Inc. Sold out 0.00% −0.01
BHP BHP Group Ltd.-Spon ADR Reduce -60.5% 0.01% −0.01
CCJ Cameco Corp. Reduce -71.2% 0.00% −0.01
META Meta Platforms Inc. Class A Reduce -35.8% 0.03% −0.01
UNP Union Pacific Corp. Reduce -7.7% 1.03% −0.01
TSCO Tractor Supply Company Reduce -54.0% 0.01% −0.01
ICFI Icf International Inc. Reduce -39.2% 0.01% −0.01
FIX Comfort Systems USA Inc. Reduce -43.7% 0.02% −0.01
CSW CSW Industrials Inc. Reduce -44.8% 0.02% −0.01
LMB Limbach Holdings Inc. Reduce -53.9% 0.01% −0.01
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.01
FCX Freeport-McMoran Inc. Sold out 0.00% −0.00
CVX Chevron Corp. Sold out 0.00% −0.00
BKNG Booking Holdings Inc. Sold out 0.00% −0.00
CFLT Confluent Inc. Class A Sold out 0.00% −0.00
COP Conocophillips Reduce -3.1% 0.02% −0.00
NXPI NXP Semiconductors NV Reduce -2.2% 0.02% −0.00
TD Toronto-Dominion Bank Sold out 0.00% −0.00
ESTC Elastic NV Sold out 0.00% −0.00
GOOG Alphabet Inc. Class C Sold out 0.00% −0.00
PFE Pfizer Inc. Reduce -2.9% 0.29% −0.00
LECO Lincoln Electric Holdings Reduce -0.7% 0.70% −0.00
HON Honeywell International Inc. Sold out 0.00% −0.00
TU Telus Corp. Sold out 0.00% −0.00
MTRX Matrix Service Co. Reduce -41.7% 0.00% −0.00
ENPH Enphase Energy Inc. Reduce -39.8% 0.00% −0.00
CTVA Corteva Inc. Reduce -13.2% 0.02% −0.00
SHEL Shell PLC-ADR Reduce -21.6% 0.00% −0.00
MA Mastercard Inc. Class A Reduce -10.2% 0.04% −0.00
MCHP Microchip Technology Inc. Reduce -1.1% 0.00% −0.00
AMGN Amgen Inc. Reduce -1.5% 0.59% +0.00
PLD Prologis Inc. Reduce -5.7% 0.02% +0.00
NSC Norfolk Southern Corp. Reduce -4.7% 0.01% +0.00
ACN Accenture PLC Class A Reduce -1.3% 0.05% +0.01
KMB Kimberly-Clark Corp. Reduce 0.0% 0.56% +0.01
MELI MercadoLibre Inc. Reduce -2.7% 0.08% +0.01

Portfolio Buys Q2 2024 → Q3 2024
ABBV Abbvie Inc. Add +486.1% 1.75% +1.48
JCI Johnson Controls Internation Add +0.0% 2.68% +0.35
TT Trane Technologies PLC Add +0.1% 2.05% +0.29
LOW Lowe's Cos Inc. Add +0.1% 1.52% +0.27
NOW ServiceNow Inc. Add +0.1% 2.21% +0.24
KEYS Keysight Technologies Inc. Add +0.0% 1.81% +0.23
AVGO Broadcom Inc. Add +1.2% 3.32% +0.22
KVUE Kenvue Inc. Add +29.9% 0.40% +0.16
GWW WW Grainger Inc. Add +0.3% 1.11% +0.14
TRMB Trimble Inc. Add +0.0% 1.37% +0.12
TJX TJX Companies Inc. Add +0.0% 1.89% +0.09
AZO AutoZone Inc. Add +0.1% 1.67% +0.08
PG The Procter & Gamble Co. Add +0.1% 2.09% +0.07
UL Unilever PLC Add +0.5% 0.49% +0.07
SYK Stryker Corp. Add +0.0% 1.48% +0.07
JNJ Johnson & Johnson Add +0.4% 0.39% +0.03
CL Colgate-Palmolive Co. Add +0.0% 0.66% +0.03
TXN Texas Instruments Inc. Add +0.1% 0.72% +0.03
FERG Ferguson Enterprises Inc. Add +0.6% 0.55% +0.01
PSA Public Storage Add +3.2% 0.03% +0.01
B Barrick Gold Corp. Add +0.9% 0.04% +0.01
MSI Motorola Solutions Inc. Add +0.7% 0.04% +0.01
AEM Agnico Eagle Mines Ltd. Add +6.0% 0.03% +0.01
AGX Argan Inc. New 0.01% +0.01
RIO Rio Tinto PLC-Spon ADR Add +0.2% 0.08% +0.00
COST Costco Wholesale Corp. Add +7.1% 0.05% +0.00
PWR Quanta Services Inc. Add +2.1% 0.03% +0.00
ORLY O'reilly Automotive Inc. Add +0.9% 0.06% +0.00
SCCO Southern Copper Corp. Add +0.6% 0.07% +0.00
OTEX Open Text Corp. Add +9.7% 0.02% +0.00
PYPL PayPal Holdings Inc. New 0.00% +0.00
D Dominion Energy Inc. Add +34.2% 0.01% +0.00
FBIN Fortune Brands Innovations I New 0.00% +0.00
SITM Sitime Corp. New 0.00% +0.00
NEE Nextera Energy Inc. Add +13.6% 0.01% +0.00
BSX Boston Scientific Corp. Add +1.5% 0.03% +0.00
EXPO Exponent Inc. Add +5.6% 0.01% +0.00
GIS General Mills Inc. Add +28.0% 0.01% +0.00
FSLR First Solar Inc. Add +2.5% 0.02% +0.00
CRM Salesforce Inc. Add +3.0% 0.02% +0.00
GSK GSK PLC-Spon ADR Add +7.4% 0.01% +0.00
UNH Unitedhealth Group Inc. Add +1.6% 0.01% +0.00
IBM Intl Business Machines Corp. Add +3.9% 0.01% +0.00
WSO Watsco Inc. Add +3.1% 0.02% +0.00
EME Emcor Group Inc. Add +12.9% 0.01% +0.00
ITRI Itron Inc. Add +6.1% 0.01% +0.00
TLK Telkom Indonesia Persero-ADR Add +0.9% 0.02% +0.00
MNST Monster Beverage Corp. Add +1.9% 0.02% +0.00
PCH Potlatchdeltic Corp. Add +3.7% 0.01% +0.00
RSG Republic Services Inc. Add +4.0% 0.02% +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