Saturna Capital Corp.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Saturna Capital Corp. reported 157 stock positions worth $7.4 billion. Its top holding was Apple (AAPL) at 7.2% of the portfolio, followed by Eli Lilly (LLY, 6.6%) and Microsoft (MSFT, 6.4%). Compared with Q3 2024, it opened 10 new positions, sold out of 11, added to 63 and reduced 42. The biggest buy was Broadcom (AVGO, shares +4%) and the biggest sale an exit from Elevance Health (ELV).
- Most Recent 13F
- Q2 2026
- Location
- BELLINGHAM, WA
- CIK
- 0001316617
- Portfolio Value
- $7.4B (Q4 2024)
- SEC Filing
- 0001316617-25-000002 ↗ filed Feb 7, 2025
Holdings Value
Holdings 157 stocks · $7.4B
| AAPL Apple Inc. | 7.23% | 2,128,054 | $532.9M | Reduce -0.3% |
| LLY Eli Lilly & Co. | 6.59% | 629,082 | $485.7M | Reduce -3.1% |
| MSFT Microsoft Corp. | 6.36% | 1,111,828 | $468.6M | Reduce 0.0% |
| TSM Taiwan Semiconductor-SP ADR | 5.71% | 2,132,879 | $421.2M | Reduce -0.0% |
| AVGO Broadcom Inc. | 4.81% | 1,530,665 | $354.9M | Add +4.1% |
| NVDA Nvidia Corp. | 4.24% | 2,325,525 | $312.3M | Add +6.9% |
| GOOGL Alphabet Inc. Class A | 3.68% | 1,432,421 | $271.2M | Add +0.1% |
| ASML ASML Holding NV-NY Reg SHS | 3.01% | 320,100 | $221.9M | Add +0.2% |
| JCI Johnson Controls Internation | 2.83% | 2,642,443 | $208.6M | Add +0.0% |
| NOW ServiceNow Inc. | 2.72% | 188,814 | $200.2M | Add +0.0% |
| INTU Intuit Inc. | 2.52% | 296,073 | $186.1M | Add +0.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.46% | 2,111,948 | $181.7M | Reduce -0.9% |
| ORCL Oracle Corp. | 2.16% | 957,622 | $159.6M | Add +0.0% |
| PG The Procter & Gamble Co. | 2.10% | 922,475 | $154.7M | Add +0.2% |
| ADBE Adobe Inc. | 2.05% | 339,225 | $150.8M | Add +0.1% |
| TT Trane Technologies PLC | 2.02% | 403,779 | $149.1M | Reduce -0.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.02% | 1,231,020 | $148.7M | Add +0.0% |
| AMD Advanced Micro Devices | 1.98% | 1,207,025 | $145.8M | Reduce -0.7% |
| KEYS Keysight Technologies Inc. | 1.89% | 867,765 | $139.4M | Reduce -0.2% |
| AZO AutoZone Inc. | 1.77% | 40,646 | $130.1M | Add +0.0% |
| CHD Church & Dwight Co. Inc. | 1.69% | 1,192,156 | $124.8M | Add +0.0% |
| ABBV Abbvie Inc. | 1.63% | 676,665 | $120.2M | Add +0.1% |
| A Agilent Technologies Inc. | 1.63% | 893,136 | $120.0M | Reduce -1.4% |
| TRMB Trimble Inc. | 1.62% | 1,690,522 | $119.5M | Reduce -0.0% |
| SYK Stryker Corp. | 1.53% | 313,441 | $112.9M | Add +0.1% |
| AZN Astrazeneca PLC-Spons ADR | 1.46% | 1,637,345 | $107.3M | Reduce -2.2% |
| LOW Lowe's Cos Inc. | 1.43% | 426,801 | $105.3M | Reduce -0.7% |
| CSCO Cisco Systems Inc. | 1.41% | 1,758,560 | $104.1M | Reduce -14.8% |
| MRK Merck & Co. Inc. | 1.28% | 945,482 | $94.1M | Reduce -0.7% |
| IT Gartner Inc. | 1.19% | 180,641 | $87.5M | No change |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.17% | 81,950 | $86.4M | Reduce -0.0% |
| ROK Rockwell Automation Inc. | 1.17% | 301,300 | $86.1M | No change |
| ITW Illinois Tool Works | 1.06% | 308,124 | $78.1M | Reduce -0.0% |
| UNP Union Pacific Corp. | 0.98% | 317,328 | $72.4M | Reduce -0.5% |
| LIN Linde PLC | 0.77% | 135,785 | $56.8M | Reduce -0.2% |
| LECO Lincoln Electric Holdings | 0.71% | 280,279 | $52.5M | No change |
| TXN Texas Instruments Inc. | 0.68% | 266,128 | $49.9M | Add +0.1% |
| PPG PPG Industries Inc. | 0.61% | 379,580 | $45.3M | No change |
| GPC Genuine Parts Co. | 0.61% | 383,800 | $44.8M | No change |
| ABT Abbott Laboratories | 0.60% | 394,195 | $44.6M | Add +0.0% |
| CL Colgate-Palmolive Co. | 0.60% | 490,200 | $44.6M | Add +0.2% |
| ETN Eaton Corp. PLC | 0.60% | 132,703 | $44.0M | Reduce -0.6% |
| MKC McCormick & Co.-Non VTG SHRS | 0.58% | 560,016 | $42.7M | No change |
| FERG Ferguson Enterprises Inc. | 0.56% | 237,018 | $41.1M | Add +11.9% |
| KMB Kimberly-Clark Corp. | 0.54% | 301,134 | $39.5M | Add +0.0% |
| CNI Canadian Natl Railway Co. | 0.53% | 384,000 | $39.0M | No change |
| KVUE Kenvue Inc. | 0.50% | 1,711,024 | $36.5M | Add +28.2% |
| AMGN Amgen Inc. | 0.48% | 136,657 | $35.6M | Reduce -1.8% |
| UPS United Parcel Service Class B | 0.47% | 274,863 | $34.7M | Add +1.2% |
| UL Unilever PLC | 0.46% | 597,643 | $33.9M | Add +4.1% |
| APD Air Products & Chemicals Inc. | 0.44% | 110,935 | $32.2M | Add +0.1% |
| NVS Novartis AG-Sponsored ADR | 0.42% | 320,266 | $31.2M | Add +0.7% |
| JNJ Johnson & Johnson | 0.36% | 182,643 | $26.4M | Reduce -1.4% |
| PFE Pfizer Inc. | 0.16% | 442,650 | $11.7M | Reduce -43.1% |
| QCOM Qualcomm Inc. | 0.10% | 49,857 | $7.7M | Reduce -0.8% |
| AMZN Amazon.com Inc. | 0.09% | 28,999 | $6.4M | Add +1.8% |
| RIO Rio Tinto PLC-Spon ADR | 0.07% | 82,915 | $4.9M | Reduce -1.0% |
| MELI MercadoLibre Inc. | 0.06% | 2,785 | $4.7M | Reduce -4.3% |
| SAP Sap SE-Sponsored ADR | 0.06% | 18,677 | $4.6M | Reduce -0.7% |
| ORLY O'reilly Automotive Inc. | 0.06% | 3,803 | $4.5M | Add +0.3% |
| JBL Jabil Inc. | 0.06% | 28,600 | $4.1M | No change |
| SCCO Southern Copper Corp. | 0.05% | 43,943 | $4.0M | Add +0.6% |
| COST Costco Wholesale Corp. | 0.05% | 4,362 | $4.0M | Reduce -1.1% |
| ACN Accenture PLC Class A | 0.05% | 11,351 | $4.0M | Reduce -0.7% |
| INFY Infosys Ltd.-SP ADR | 0.05% | 166,428 | $3.6M | Add +2.0% |
| MA Mastercard Inc. Class A | 0.05% | 6,822 | $3.6M | Reduce -2.1% |
| MSI Motorola Solutions Inc. | 0.05% | 7,592 | $3.5M | Add +0.2% |
| NICE Nice Ltd. - Spon ADR | 0.04% | 18,917 | $3.2M | Add +8.5% |
| PWR Quanta Services Inc. | 0.04% | 8,393 | $2.7M | Add +11.1% |
| B Barrick Gold Corp. | 0.03% | 165,561 | $2.6M | No change |
| MCO Moody's Corp. | 0.03% | 5,015 | $2.4M | Reduce -11.8% |
| BSX Boston Scientific Corp. | 0.03% | 26,500 | $2.4M | No change |
| CRM Salesforce Inc. | 0.03% | 6,878 | $2.3M | Add +1.9% |
| META Meta Platforms Inc. Class A | 0.03% | 3,925 | $2.3M | Add +12.0% |
| AEM Agnico Eagle Mines Ltd. | 0.03% | 28,353 | $2.2M | Add +14.8% |
| PSA Public Storage | 0.03% | 6,551 | $2.0M | Add +0.1% |
| COP Conocophillips | 0.03% | 19,684 | $2.0M | Add +9.1% |
| TEL Te Connectivity PLC | 0.03% | 13,565 | $1.9M | Add +0.9% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.02% | 49,407 | $1.8M | No change |
| EW Edwards Lifesciences Corp. | 0.02% | 24,240 | $1.8M | Reduce -1.2% |
| CTVA Corteva Inc. | 0.02% | 31,286 | $1.8M | Reduce -3.0% |
| MNST Monster Beverage Corp. | 0.02% | 33,313 | $1.8M | Add +1.6% |
| ALC Alcon Inc. filed as ALCON AG | 0.02% | 19,970 | $1.7M | Reduce -20.6% |
| HD Home Depot Inc. | 0.02% | 4,029 | $1.6M | No change |
| WSO Watsco Inc. | 0.02% | 3,263 | $1.5M | Add +9.5% |
| PANW Palo Alto Networks Inc. | 0.02% | 8,169 | $1.5M | Add +18.1% |
| FIX Comfort Systems USA Inc. | 0.02% | 3,499 | $1.5M | Add +5.8% |
| RSG Republic Services Inc. | 0.02% | 7,130 | $1.4M | Add +11.8% |
| CSW CSW Industrials Inc. | 0.02% | 4,057 | $1.4M | No change |
| TLK Telkom Indonesia Persero-ADR filed as P T TELEKOMUNIKASI INDONESIA | 0.02% | 83,782 | $1.4M | No change |
| NXPI NXP Semiconductors NV | 0.02% | 6,359 | $1.3M | Reduce -2.7% |
| FAST Fastenal Co. | 0.02% | 18,144 | $1.3M | No change |
| NEE Nextera Energy Inc. | 0.02% | 16,325 | $1.2M | Add +77.9% |
| LULU Lululemon Athletica Inc. | 0.02% | 3,000 | $1.1M | Reduce -40.8% |
| PLD Prologis Inc. | 0.02% | 10,832 | $1.1M | Reduce -0.2% |
| EMR Emerson Electric Co. | 0.02% | 9,121 | $1.1M | New |
| ITRI Itron Inc. | 0.01% | 9,981 | $1.1M | Add +38.4% |
| TYL Tyler Technologies Inc. | 0.01% | 1,821 | $1.1M | Add +0.6% |
| ZTS Zoetis Inc. | 0.01% | 6,181 | $1.0M | Reduce -4.5% |
| NSC Norfolk Southern Corp. | 0.01% | 4,175 | $980K | Add +1.9% |
Portfolio Sells Q3 2024 → Q4 2024
| ELV Elevance Health Inc. | Sold out | 0.00% | −1.43 |
| LLY Eli Lilly & Co. | Reduce -3.1% | 6.59% | −0.94 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.9% | 2.46% | −0.86 |
| AMD Advanced Micro Devices | Reduce -0.7% | 1.98% | −0.63 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -2.2% | 1.46% | −0.25 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.16 |
| MRK Merck & Co. Inc. | Reduce -0.7% | 1.28% | −0.14 |
| PFE Pfizer Inc. | Reduce -43.1% | 0.16% | −0.14 |
| A Agilent Technologies Inc. | Reduce -1.4% | 1.63% | −0.13 |
| AMGN Amgen Inc. | Reduce -1.8% | 0.48% | −0.10 |
| LOW Lowe's Cos Inc. | Reduce -0.7% | 1.43% | −0.09 |
| LIN Linde PLC | Reduce -0.2% | 0.77% | −0.08 |
| UNP Union Pacific Corp. | Reduce -0.5% | 0.98% | −0.05 |
| JNJ Johnson & Johnson | Reduce -1.4% | 0.36% | −0.03 |
| TT Trane Technologies PLC | Reduce -0.0% | 2.02% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -14.8% | 1.41% | −0.02 |
| OTEX Open Text Corp. | Sold out | 0.00% | −0.02 |
| MELI MercadoLibre Inc. | Reduce -4.3% | 0.06% | −0.01 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -1.0% | 0.07% | −0.01 |
| ALC Alcon Inc. | Reduce -20.6% | 0.02% | −0.01 |
| VAL Valaris Ltd. | Sold out | 0.00% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -0.8% | 0.10% | −0.01 |
| CRSP Crispr Therapeutics AG | Sold out | 0.00% | −0.01 |
| ICFI Icf International Inc. | Reduce -3.7% | 0.01% | −0.00 |
| CP Canadian Pacific Kansas City | Reduce -33.4% | 0.01% | −0.00 |
| FROG Jfrog Ltd. | Sold out | 0.00% | −0.00 |
| NVEC Nve Corp. | Sold out | 0.00% | −0.00 |
| GSK GSK PLC-Spon ADR | Reduce -7.8% | 0.01% | −0.00 |
| MCO Moody's Corp. | Reduce -11.8% | 0.03% | −0.00 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.00 |
| ZTS Zoetis Inc. | Reduce -4.5% | 0.01% | −0.00 |
| FBIN Fortune Brands Innovations I | Sold out | 0.00% | −0.00 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.00 |
| NXPI NXP Semiconductors NV | Reduce -2.7% | 0.02% | −0.00 |
| LULU Lululemon Athletica Inc. | Reduce -40.8% | 0.02% | −0.00 |
| PLD Prologis Inc. | Reduce -0.2% | 0.02% | −0.00 |
| HLN Haleon PLC-ADR | Sold out | 0.00% | −0.00 |
| STM Stmicroelectronics NV-NY SHS | Reduce -12.9% | 0.00% | −0.00 |
| CTVA Corteva Inc. | Reduce -3.0% | 0.02% | −0.00 |
| VZ Verizon Communications Inc. | Reduce -3.4% | 0.00% | −0.00 |
| ACN Accenture PLC Class A | Reduce -0.7% | 0.05% | +0.00 |
| COST Costco Wholesale Corp. | Reduce -1.1% | 0.05% | +0.00 |
| EW Edwards Lifesciences Corp. | Reduce -1.2% | 0.02% | +0.00 |
| ITW Illinois Tool Works | Reduce -0.0% | 1.06% | +0.00 |
| MA Mastercard Inc. Class A | Reduce -2.1% | 0.05% | +0.00 |
| SAP Sap SE-Sponsored ADR | Reduce -0.7% | 0.06% | +0.01 |
| ETN Eaton Corp. PLC | Reduce -0.6% | 0.60% | +0.02 |
| GWW WW Grainger Inc. | Reduce -0.0% | 1.17% | +0.06 |
| KEYS Keysight Technologies Inc. | Reduce -0.2% | 1.89% | +0.08 |
| MSFT Microsoft Corp. | Reduce 0.0% | 6.36% | +0.10 |
Portfolio Buys Q3 2024 → Q4 2024
| AVGO Broadcom Inc. | Add +4.1% | 4.81% | +1.50 |
| NVDA Nvidia Corp. | Add +6.9% | 4.24% | +0.78 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 3.68% | +0.57 |
| NOW ServiceNow Inc. | Add +0.0% | 2.72% | +0.51 |
| JCI Johnson Controls Internation | Add +0.0% | 2.83% | +0.15 |
| TJX TJX Companies Inc. | Add +0.0% | 2.02% | +0.13 |
| INTU Intuit Inc. | Add +0.2% | 2.52% | +0.12 |
| KVUE Kenvue Inc. | Add +28.2% | 0.50% | +0.09 |
| AZO AutoZone Inc. | Add +0.0% | 1.77% | +0.09 |
| CHD Church & Dwight Co. Inc. | Add +0.0% | 1.69% | +0.06 |
| SYK Stryker Corp. | Add +0.1% | 1.53% | +0.05 |
| ORCL Oracle Corp. | Add +0.0% | 2.16% | +0.03 |
| ABT Abbott Laboratories | Add +0.0% | 0.60% | +0.02 |
| AMZN Amazon.com Inc. | Add +1.8% | 0.09% | +0.02 |
| EMR Emerson Electric Co. | New | 0.02% | +0.02 |
| PG The Procter & Gamble Co. | Add +0.2% | 2.10% | +0.01 |
| FTNT Fortinet Inc. | New | 0.01% | +0.01 |
| FERG Ferguson Enterprises Inc. | Add +11.9% | 0.56% | +0.01 |
| CRM Salesforce Inc. | Add +1.9% | 0.03% | +0.01 |
| PWR Quanta Services Inc. | Add +11.1% | 0.04% | +0.01 |
| NEE Nextera Energy Inc. | Add +77.9% | 0.02% | +0.01 |
| PSX Phillips 66 | Add +204.7% | 0.01% | +0.01 |
| META Meta Platforms Inc. Class A | Add +12.0% | 0.03% | +0.00 |
| APD Air Products & Chemicals Inc. | Add +0.1% | 0.44% | +0.00 |
| PANW Palo Alto Networks Inc. | Add +18.1% | 0.02% | +0.00 |
| ITRI Itron Inc. | Add +38.4% | 0.01% | +0.00 |
| AEM Agnico Eagle Mines Ltd. | Add +14.8% | 0.03% | +0.00 |
| ORLY O'reilly Automotive Inc. | Add +0.3% | 0.06% | +0.00 |
| NICE Nice Ltd. - Spon ADR | Add +8.5% | 0.04% | +0.00 |
| GOOG Alphabet Inc. Class C | New | 0.00% | +0.00 |
| GEV GE Vernova Inc. | New | 0.00% | +0.00 |
| VST Vistra Corp. | New | 0.00% | +0.00 |
| ESTC Elastic NV | New | 0.00% | +0.00 |
| CFLT Confluent Inc. Class A | New | 0.00% | +0.00 |
| FIX Comfort Systems USA Inc. | Add +5.8% | 0.02% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +43.2% | 0.01% | +0.00 |
| MSI Motorola Solutions Inc. | Add +0.2% | 0.05% | +0.00 |
| BKNG Booking Holdings Inc. | New | 0.00% | +0.00 |
| FICO Fair Isaac Corp. | New | 0.00% | +0.00 |
| RSG Republic Services Inc. | Add +11.8% | 0.02% | +0.00 |
| CCJ Cameco Corp. | Add +44.0% | 0.01% | +0.00 |
| DVAX Dynavax Technologies Corp. | New | 0.00% | +0.00 |
| LMB Limbach Holdings Inc. | Add +7.0% | 0.01% | +0.00 |
| INFY Infosys Ltd.-SP ADR | Add +2.0% | 0.05% | +0.00 |
| V Visa Inc. Class A | Add +22.8% | 0.01% | +0.00 |
| ENPH Enphase Energy Inc. | Add +123.9% | 0.01% | +0.00 |
| WSO Watsco Inc. | Add +9.5% | 0.02% | +0.00 |
| COP Conocophillips | Add +9.1% | 0.03% | +0.00 |
| MNST Monster Beverage Corp. | Add +1.6% | 0.02% | +0.00 |
| EME Emcor Group Inc. | Add +11.3% | 0.01% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 140 | $8.2B | TSM, AVGO, AAPL, LLY, MSFT |
| Q1 2026 | 148 | $7.1B | TSM, LLY, AVGO, AAPL, ASML |
| Q4 2025 | 150 | $7.5B | TSM, LLY, AVGO, MSFT, AAPL |
| Q3 2025 | 157 | $7.8B | TSM, MSFT, AVGO, AAPL, LLY |
| Q2 2025 | 157 | $7.4B | MSFT, TSM, LLY, AVGO, AAPL |
| Q1 2025 | 149 | $6.7B | LLY, AAPL, MSFT, TSM, AVGO |
| Q4 2024 | 157 | $7.4B | AAPL, LLY, MSFT, TSM, AVGO |
| Q3 2024 | 158 | $7.6B | LLY, AAPL, MSFT, TSM, ASML |
| Q2 2024 | 166 | $7.5B | LLY, MSFT, AAPL, TSM, ASML |
| Q1 2024 | 170 | $7.2B | LLY, MSFT, AAPL, ASML, TSM |