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

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 Q3 2024 Q4 2024: $7.4B $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 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%
MPWR Monolithic Power Systems Inc. 0.01% 1,618 $957K No change
FSLR First Solar Inc. 0.01% 5,304 $935K Add +1.9%
UNH Unitedhealth Group Inc. 0.01% 1,776 $898K Add +10.6%
CB Chubb Ltd. 0.01% 3,170 $876K No change
GSK GSK PLC-Spon ADR 0.01% 25,200 $852K Reduce -7.8%
LMB Limbach Holdings Inc. 0.01% 9,804 $839K Add +7.0%
EQIX Equinix Inc. 0.01% 841 $793K No change
ICFI Icf International Inc. 0.01% 6,558 $782K Reduce -3.7%
FTNT Fortinet Inc. 0.01% 7,700 $727K New
AON Aon PLC Class A 0.01% 1,989 $714K No change
ROP Roper Technologies Inc. 0.01% 1,328 $690K No change
VIRT Virtu Financial Inc. Class A 0.01% 18,500 $660K No change
EXPO Exponent Inc. 0.01% 7,394 $659K No change
D Dominion Energy Inc. 0.01% 12,200 $657K Add +17.3%
TSCO Tractor Supply Company 0.01% 11,650 $618K No change
FND Floor & Decor Holdings Inc. Class A 0.01% 6,060 $604K No change
PSX Phillips 66 0.01% 5,268 $600K Add +204.7%
BHP BHP Group Ltd.-Spon ADR 0.01% 11,868 $580K Add +11.4%
JPM JPMorgan Chase & Co. 0.01% 2,303 $552K Add +43.2%
AGX Argan Inc. 0.01% 3,894 $534K No change
CPT Camden Property Trust 0.01% 4,540 $527K No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.01% 7,260 $521K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 2,324 $511K Add +9.5%
CCJ Cameco Corp. 0.01% 9,737 $500K Add +44.0%
EME Emcor Group Inc. 0.01% 1,069 $485K Add +11.3%
WY Weyerhaeuser Co. 0.01% 16,239 $457K No change
GIS General Mills Inc. 0.01% 7,062 $450K Add +12.1%
ENPH Enphase Energy Inc. 0.01% 6,515 $447K Add +123.9%
MAA Mid-America Apartment Comm 0.01% 2,830 $437K No change
V Visa Inc. Class A 0.01% 1,369 $433K Add +22.8%
SONY Sony Group Corp. - SP ADR 0.01% 20,000 $423K No change
CP Canadian Pacific Kansas City 0.01% 5,768 $417K Reduce -33.4%
PCH Potlatchdeltic Corp. 0.01% 10,140 $398K Add +1.1%
WM Waste Management Inc. 0.01% 1,951 $394K Add +6.2%
MTRX Matrix Service Co. 0.01% 32,694 $391K Add +10.1%
ROST Ross Stores Inc. 0.01% 2,510 $380K No change
RMBS Rambus Inc. 0.00% 6,681 $353K No change
ECL Ecolab Inc. 0.00% 1,500 $351K No change
RXST Rxsight Inc. 0.00% 9,618 $331K No change
PH Parker Hannifin Corp. 0.00% 500 $318K No change
VZ Verizon Communications Inc. 0.00% 7,410 $296K Reduce -3.4%
GOOG Alphabet Inc. Class C 0.00% 1,436 $273K New
SITM Sitime Corp. 0.00% 1,200 $257K No change
ZS Zscaler Inc. 0.00% 1,398 $252K No change
VST Vistra Corp. 0.00% 1,822 $251K New
ESTC Elastic NV 0.00% 2,532 $251K New
GEV GE Vernova Inc. 0.00% 756 $249K New
PYPL PayPal Holdings Inc. 0.00% 2,900 $248K No change
CFLT Confluent Inc. Class A 0.00% 8,700 $243K New
SHEL Shell PLC-ADR 0.00% 3,800 $238K No change
SKM SK Telecom Co. Ltd.-Spon ADR 0.00% 11,000 $231K No change
STM Stmicroelectronics NV-NY SHS 0.00% 9,000 $225K Reduce -12.9%
BKNG Booking Holdings Inc. 0.00% 42 $209K New
FICO Fair Isaac Corp. 0.00% 102 $203K New
ORANY Orange-Spon ADR 0.00% 20,000 $197K No change
DVAX Dynavax Technologies Corp. 0.00% 13,613 $174K New
IOVA Iovance Biotherapeutics Inc. 0.00% 20,553 $152K No change

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

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