Saturna Capital Corp.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 2, 2025), Saturna Capital Corp. reported 149 stock positions worth $6.7 billion. Its top holding was Eli Lilly (LLY) at 7.4% of the portfolio, followed by Apple (AAPL, 7.0%) and Microsoft (MSFT, 6.2%). Compared with Q4 2024, it opened 3 new positions, sold out of 11, added to 42 and reduced 48. The biggest buy was Abbvie (ABBV, shares +6%) and the biggest sale Merck (MRK, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- BELLINGHAM, WA
- CIK
- 0001316617
- Portfolio Value
- $6.7B (Q1 2025)
- SEC Filing
- 0001316617-25-000007 ↗ filed May 2, 2025
Holdings Value
Holdings 149 stocks · $6.7B
| LLY Eli Lilly & Co. | 7.43% | 600,756 | $496.2M | Reduce -4.5% |
| AAPL Apple Inc. | 7.01% | 2,108,951 | $468.5M | Reduce -0.9% |
| MSFT Microsoft Corp. | 6.25% | 1,111,976 | $417.4M | Add +0.0% |
| TSM Taiwan Semiconductor-SP ADR | 5.30% | 2,132,839 | $354.1M | Reduce 0.0% |
| AVGO Broadcom Inc. | 3.84% | 1,530,320 | $256.2M | Reduce -0.0% |
| NVDA Nvidia Corp. | 3.77% | 2,322,471 | $251.7M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 3.32% | 1,431,847 | $221.4M | Reduce -0.0% |
| ASML ASML Holding NV-NY Reg SHS | 3.18% | 320,200 | $212.2M | Add +0.0% |
| JCI Johnson Controls Internation | 3.17% | 2,642,128 | $211.7M | Reduce -0.0% |
| INTU Intuit Inc. | 2.71% | 295,183 | $181.2M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 2.35% | 922,415 | $157.2M | Reduce -0.0% |
| AZO AutoZone Inc. | 2.32% | 40,646 | $155.0M | No change |
| NOW ServiceNow Inc. | 2.25% | 188,865 | $150.4M | Add +0.0% |
| ABBV Abbvie Inc. | 2.25% | 717,186 | $150.3M | Add +6.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.24% | 1,230,865 | $149.9M | Reduce -0.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.23% | 2,144,759 | $148.9M | Add +1.6% |
| TT Trane Technologies PLC | 2.04% | 403,659 | $136.0M | Reduce -0.0% |
| ORCL Oracle Corp. | 2.00% | 957,318 | $133.8M | Reduce -0.0% |
| CHD Church & Dwight Co. Inc. | 1.96% | 1,192,086 | $131.2M | Reduce -0.0% |
| ADBE Adobe Inc. | 1.96% | 341,560 | $131.0M | Add +0.7% |
| KEYS Keysight Technologies Inc. | 1.92% | 856,383 | $128.3M | Reduce -1.3% |
| AZN Astrazeneca PLC-Spons ADR | 1.80% | 1,636,095 | $120.3M | Reduce -0.1% |
| SYK Stryker Corp. | 1.75% | 314,441 | $117.1M | Add +0.3% |
| TRMB Trimble Inc. | 1.66% | 1,690,722 | $111.0M | Add +0.0% |
| CSCO Cisco Systems Inc. | 1.61% | 1,740,685 | $107.4M | Reduce -1.0% |
| LOW Lowe's Cos Inc. | 1.49% | 427,201 | $99.6M | Add +0.1% |
| AMD Advanced Micro Devices | 1.33% | 864,175 | $88.8M | Reduce -28.4% |
| A Agilent Technologies Inc. | 1.29% | 735,744 | $86.1M | Reduce -17.6% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.21% | 81,950 | $81.0M | No change |
| ROK Rockwell Automation Inc. | 1.17% | 301,300 | $77.8M | No change |
| ITW Illinois Tool Works | 1.14% | 308,124 | $76.4M | No change |
| IT Gartner Inc. | 1.14% | 180,641 | $75.8M | No change |
| LIN Linde PLC | 0.94% | 134,937 | $62.8M | Reduce -0.6% |
| UNP Union Pacific Corp. | 0.83% | 234,168 | $55.3M | Reduce -26.2% |
| ETN Eaton Corp. PLC | 0.83% | 202,833 | $55.1M | Add +52.9% |
| LECO Lincoln Electric Holdings | 0.79% | 280,279 | $53.0M | No change |
| ABT Abbott Laboratories | 0.78% | 393,320 | $52.2M | Reduce -0.2% |
| TXN Texas Instruments Inc. | 0.72% | 266,063 | $47.8M | Reduce -0.0% |
| MKC McCormick & Co.-Non VTG SHRS | 0.69% | 560,016 | $46.1M | No change |
| CL Colgate-Palmolive Co. | 0.69% | 490,200 | $45.9M | No change |
| GPC Genuine Parts Co. | 0.68% | 383,800 | $45.7M | No change |
| KMB Kimberly-Clark Corp. | 0.64% | 301,134 | $42.8M | No change |
| KVUE Kenvue Inc. | 0.62% | 1,718,601 | $41.2M | Add +0.4% |
| FERG Ferguson Enterprises Inc. | 0.57% | 237,833 | $38.1M | Add +0.3% |
| CNI Canadian Natl Railway Co. | 0.56% | 384,000 | $37.4M | No change |
| UL Unilever PLC | 0.54% | 605,943 | $36.1M | Add +1.4% |
| NVS Novartis AG-Sponsored ADR | 0.53% | 320,166 | $35.7M | Reduce -0.0% |
| AMGN Amgen Inc. | 0.53% | 114,120 | $35.6M | Reduce -16.5% |
| APD Air Products & Chemicals Inc. | 0.49% | 110,935 | $32.7M | No change |
| JNJ Johnson & Johnson | 0.45% | 182,593 | $30.3M | Reduce -0.0% |
| UPS United Parcel Service Class B | 0.45% | 274,863 | $30.2M | No change |
| MRK Merck & Co. Inc. | 0.20% | 145,223 | $13.0M | Reduce -84.6% |
| HD Home Depot Inc. | 0.19% | 34,279 | $12.6M | Add +750.8% |
| QCOM Qualcomm Inc. | 0.11% | 49,910 | $7.7M | Add +0.1% |
| NKE Nike Inc. Class B | 0.10% | 105,000 | $6.7M | New |
| AMZN Amazon.com Inc. | 0.08% | 28,999 | $5.5M | No change |
| ORLY O'reilly Automotive Inc. | 0.08% | 3,806 | $5.5M | Add +0.1% |
| MELI MercadoLibre Inc. | 0.07% | 2,550 | $5.0M | Reduce -8.4% |
| RIO Rio Tinto PLC-Spon ADR | 0.07% | 76,915 | $4.6M | Reduce -7.2% |
| SAP Sap SE-Sponsored ADR | 0.07% | 16,227 | $4.4M | Reduce -13.1% |
| SCCO Southern Copper Corp. | 0.06% | 44,263 | $4.1M | Add +0.7% |
| COST Costco Wholesale Corp. | 0.06% | 4,362 | $4.1M | No change |
| JBL Jabil Inc. | 0.06% | 28,600 | $3.9M | No change |
| MA Mastercard Inc. Class A | 0.05% | 6,172 | $3.4M | Reduce -9.5% |
| ACN Accenture PLC Class A | 0.05% | 10,814 | $3.4M | Reduce -4.7% |
| MSI Motorola Solutions Inc. | 0.05% | 7,395 | $3.2M | Reduce -2.6% |
| B Barrick Gold Corp. | 0.05% | 165,561 | $3.2M | No change |
| AEM Agnico Eagle Mines Ltd. | 0.05% | 28,396 | $3.1M | Add +0.1% |
| INFY Infosys Ltd.-SP ADR | 0.05% | 166,428 | $3.0M | No change |
| NICE Nice Ltd. - Spon ADR | 0.04% | 18,917 | $2.9M | No change |
| BSX Boston Scientific Corp. | 0.04% | 26,505 | $2.7M | Add +0.0% |
| META Meta Platforms Inc. Class A | 0.04% | 4,439 | $2.6M | Add +13.1% |
| MCO Moody's Corp. | 0.04% | 5,015 | $2.3M | No change |
| TYL Tyler Technologies Inc. | 0.03% | 3,658 | $2.1M | Add +100.9% |
| COP Conocophillips | 0.03% | 19,684 | $2.1M | No change |
| PSA Public Storage | 0.03% | 6,901 | $2.1M | Add +5.3% |
| PWR Quanta Services Inc. | 0.03% | 7,935 | $2.0M | Reduce -5.5% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.03% | 49,407 | $2.0M | No change |
| MNST Monster Beverage Corp. | 0.03% | 33,383 | $2.0M | Add +0.2% |
| TEL Te Connectivity PLC | 0.03% | 13,515 | $1.9M | Reduce -0.4% |
| CRM Salesforce Inc. | 0.03% | 6,941 | $1.9M | Add +0.9% |
| RSG Republic Services Inc. | 0.03% | 7,235 | $1.8M | Add +1.5% |
| WSO Watsco Inc. | 0.02% | 3,263 | $1.7M | No change |
| CTVA Corteva Inc. | 0.02% | 25,466 | $1.6M | Reduce -18.6% |
| EXPO Exponent Inc. | 0.02% | 18,611 | $1.5M | Add +151.7% |
| FAST Fastenal Co. | 0.02% | 18,144 | $1.4M | No change |
| EMR Emerson Electric Co. | 0.02% | 12,801 | $1.4M | Add +40.4% |
| PANW Palo Alto Networks Inc. | 0.02% | 8,169 | $1.4M | No change |
| PLD Prologis Inc. | 0.02% | 11,757 | $1.3M | Add +8.5% |
| ALC Alcon Inc. filed as ALCON AG | 0.02% | 13,815 | $1.3M | Reduce -30.8% |
| TLK Telkom Indonesia Persero-ADR filed as P T TELEKOMUNIKASI INDONESIA | 0.02% | 83,782 | $1.2M | No change |
| NXPI NXP Semiconductors NV | 0.02% | 6,259 | $1.2M | Reduce -1.6% |
| FTNT Fortinet Inc. | 0.02% | 12,070 | $1.2M | Add +56.8% |
| NEE Nextera Energy Inc. | 0.02% | 16,325 | $1.2M | No change |
| ITRI Itron Inc. | 0.02% | 9,981 | $1.0M | No change |
| ZTS Zoetis Inc. | 0.02% | 6,181 | $1.0M | No change |
| CSW CSW Industrials Inc. | 0.02% | 3,451 | $1.0M | Reduce -14.9% |
| EW Edwards Lifesciences Corp. | 0.01% | 13,410 | $972K | Reduce -44.7% |
| NSC Norfolk Southern Corp. | 0.01% | 4,075 | $965K | Reduce -2.4% |
| CB Chubb Ltd. | 0.01% | 3,170 | $957K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| MRK Merck & Co. Inc. | Reduce -84.6% | 0.20% | −1.08 |
| AVGO Broadcom Inc. | Reduce -0.0% | 3.84% | −0.98 |
| AMD Advanced Micro Devices | Reduce -28.4% | 1.33% | −0.65 |
| PPG PPG Industries Inc. | Sold out | 0.00% | −0.61 |
| NVDA Nvidia Corp. | Reduce -0.1% | 3.77% | −0.47 |
| TSM Taiwan Semiconductor-SP ADR | Reduce 0.0% | 5.30% | −0.41 |
| GOOGL Alphabet Inc. Class A | Reduce -0.0% | 3.32% | −0.36 |
| A Agilent Technologies Inc. | Reduce -17.6% | 1.29% | −0.34 |
| AAPL Apple Inc. | Reduce -0.9% | 7.01% | −0.21 |
| ORCL Oracle Corp. | Reduce -0.0% | 2.00% | −0.16 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.16 |
| UNP Union Pacific Corp. | Reduce -26.2% | 0.83% | −0.15 |
| ICFI Icf International Inc. | Sold out | 0.00% | −0.01 |
| EW Edwards Lifesciences Corp. | Reduce -44.7% | 0.01% | −0.01 |
| FIX Comfort Systems USA Inc. | Reduce -29.9% | 0.01% | −0.01 |
| PWR Quanta Services Inc. | Reduce -5.5% | 0.03% | −0.01 |
| RMBS Rambus Inc. | Sold out | 0.00% | −0.00 |
| CSW CSW Industrials Inc. | Reduce -14.9% | 0.02% | −0.00 |
| ACN Accenture PLC Class A | Reduce -4.7% | 0.05% | −0.00 |
| SITM Sitime Corp. | Sold out | 0.00% | −0.00 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −0.00 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.00 |
| VST Vistra Corp. | Sold out | 0.00% | −0.00 |
| ALC Alcon Inc. | Reduce -30.8% | 0.02% | −0.00 |
| STM Stmicroelectronics NV-NY SHS | Sold out | 0.00% | −0.00 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.00 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.00 |
| LMB Limbach Holdings Inc. | Reduce -20.0% | 0.01% | −0.00 |
| AGX Argan Inc. | Reduce -35.0% | 0.01% | −0.00 |
| MTRX Matrix Service Co. | Reduce -30.0% | 0.00% | −0.00 |
| PH Parker Hannifin Corp. | Reduce -16.0% | 0.00% | −0.00 |
| VIRT Virtu Financial Inc. Class A | Reduce -18.9% | 0.01% | −0.00 |
| CTVA Corteva Inc. | Reduce -18.6% | 0.02% | −0.00 |
| NXPI NXP Semiconductors NV | Reduce -1.6% | 0.02% | −0.00 |
| GIS General Mills Inc. | Reduce -2.7% | 0.01% | 0.00 |
| MSI Motorola Solutions Inc. | Reduce -2.6% | 0.05% | +0.00 |
| NSC Norfolk Southern Corp. | Reduce -2.4% | 0.01% | +0.00 |
| GSK GSK PLC-Spon ADR | Reduce -10.1% | 0.01% | +0.00 |
| MA Mastercard Inc. Class A | Reduce -9.5% | 0.05% | +0.00 |
| TEL Te Connectivity PLC | Reduce -0.4% | 0.03% | +0.00 |
| SAP Sap SE-Sponsored ADR | Reduce -13.1% | 0.07% | +0.00 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -7.2% | 0.07% | +0.00 |
| MELI MercadoLibre Inc. | Reduce -8.4% | 0.07% | +0.01 |
| TT Trane Technologies PLC | Reduce -0.0% | 2.04% | +0.01 |
| KEYS Keysight Technologies Inc. | Reduce -1.3% | 1.92% | +0.03 |
| TXN Texas Instruments Inc. | Reduce -0.0% | 0.72% | +0.04 |
| AMGN Amgen Inc. | Reduce -16.5% | 0.53% | +0.05 |
| JNJ Johnson & Johnson | Reduce -0.0% | 0.45% | +0.10 |
| NVS Novartis AG-Sponsored ADR | Reduce -0.0% | 0.53% | +0.11 |
| LIN Linde PLC | Reduce -0.6% | 0.94% | +0.17 |
Portfolio Buys Q4 2024 → Q1 2025
| ABBV Abbvie Inc. | Add +6.0% | 2.25% | +0.62 |
| ETN Eaton Corp. PLC | Add +52.9% | 0.83% | +0.23 |
| SYK Stryker Corp. | Add +0.3% | 1.75% | +0.22 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.0% | 3.18% | +0.17 |
| HD Home Depot Inc. | Add +750.8% | 0.19% | +0.17 |
| KVUE Kenvue Inc. | Add +0.4% | 0.62% | +0.12 |
| NKE Nike Inc. Class B | New | 0.10% | +0.10 |
| UL Unilever PLC | Add +1.4% | 0.54% | +0.08 |
| LOW Lowe's Cos Inc. | Add +0.1% | 1.49% | +0.06 |
| TRMB Trimble Inc. | Add +0.0% | 1.66% | +0.04 |
| ORLY O'reilly Automotive Inc. | Add +0.1% | 0.08% | +0.02 |
| TYL Tyler Technologies Inc. | Add +100.9% | 0.03% | +0.02 |
| AEM Agnico Eagle Mines Ltd. | Add +0.1% | 0.05% | +0.02 |
| EXPO Exponent Inc. | Add +151.7% | 0.02% | +0.01 |
| FERG Ferguson Enterprises Inc. | Add +0.3% | 0.57% | +0.01 |
| QCOM Qualcomm Inc. | Add +0.1% | 0.11% | +0.01 |
| BSX Boston Scientific Corp. | Add +0.0% | 0.04% | +0.01 |
| SCCO Southern Copper Corp. | Add +0.7% | 0.06% | +0.01 |
| FTNT Fortinet Inc. | Add +56.8% | 0.02% | +0.01 |
| META Meta Platforms Inc. Class A | Add +13.1% | 0.04% | +0.01 |
| RSG Republic Services Inc. | Add +1.5% | 0.03% | +0.01 |
| EMR Emerson Electric Co. | Add +40.4% | 0.02% | +0.01 |
| MNST Monster Beverage Corp. | Add +0.2% | 0.03% | +0.01 |
| PSA Public Storage | Add +5.3% | 0.03% | +0.00 |
| PLD Prologis Inc. | Add +8.5% | 0.02% | +0.00 |
| FBIN Fortune Brands Innovations I | New | 0.00% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +26.1% | 0.01% | +0.00 |
| PCH Potlatchdeltic Corp. | Add +24.6% | 0.01% | +0.00 |
| CVX Chevron Corp. | New | 0.00% | +0.00 |
| CPT Camden Property Trust | Add +19.8% | 0.01% | +0.00 |
| MAA Mid-America Apartment Comm | Add +23.3% | 0.01% | +0.00 |
| TSCO Tractor Supply Company | Add +16.3% | 0.01% | +0.00 |
| WY Weyerhaeuser Co. | Add +20.9% | 0.01% | +0.00 |
| VMRK Vivmark Residential | Add +19.7% | 0.01% | +0.00 |
| D Dominion Energy Inc. | Add +0.5% | 0.01% | +0.00 |
| EQIX Equinix Inc. | Add +13.1% | 0.01% | +0.00 |
| GOOG Alphabet Inc. Class C | Add +20.8% | 0.00% | +0.00 |
| FND Floor & Decor Holdings Inc. Class A | Add +14.8% | 0.01% | +0.00 |
| EME Emcor Group Inc. | Add +6.8% | 0.01% | −0.00 |
| FSLR First Solar Inc. | Add +15.3% | 0.01% | −0.00 |
| CRM Salesforce Inc. | Add +0.9% | 0.03% | −0.00 |
| ADBE Adobe Inc. | Add +0.7% | 1.96% | −0.08 |
| MSFT Microsoft Corp. | Add +0.0% | 6.25% | −0.11 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +1.6% | 2.23% | −0.23 |
| NOW ServiceNow Inc. | Add +0.0% | 2.25% | −0.46 |
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 |