Saturna Capital Corp.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Saturna Capital Corp. reported 157 stock positions worth $7.8 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 7.7% of the portfolio, followed by Microsoft (MSFT, 7.4%) and Broadcom (AVGO, 6.5%). Compared with Q2 2025, it opened 6 new positions, sold out of 6, added to 49 and reduced 62. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +0%) and the biggest sale Procter & Gamble (PG, shares −83%).
- Most Recent 13F
- Q2 2026
- Location
- BELLINGHAM, WA
- CIK
- 0001316617
- Portfolio Value
- $7.8B (Q3 2025)
- SEC Filing
- 0001316617-25-000012 ↗ filed Nov 14, 2025
Holdings Value
Holdings 157 stocks · $7.8B
| TSM Taiwan Semiconductor-SP ADR | 7.70% | 2,139,440 | $597.5M | Add +0.1% |
| MSFT Microsoft Corp. | 7.44% | 1,114,146 | $577.1M | Add +0.1% |
| AVGO Broadcom Inc. | 6.51% | 1,531,367 | $505.2M | Reduce -0.2% |
| AAPL Apple Inc. | 5.90% | 1,798,007 | $457.8M | Reduce -2.0% |
| LLY Eli Lilly & Co. | 5.80% | 589,510 | $449.8M | Reduce -0.7% |
| NVDA Nvidia Corp. | 5.38% | 2,236,700 | $417.3M | Reduce -0.4% |
| GOOGL Alphabet Inc. Class A | 4.53% | 1,444,219 | $351.1M | Add +0.2% |
| ASML ASML Holding NV-NY Reg SHS | 4.01% | 321,457 | $311.2M | Add +0.1% |
| JCI Johnson Controls Internation | 3.75% | 2,646,952 | $291.0M | Reduce -0.0% |
| ORCL Oracle Corp. | 3.43% | 947,151 | $266.4M | Reduce -0.6% |
| INTU Intuit Inc. | 2.61% | 296,119 | $202.2M | Add +0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.29% | 1,230,514 | $177.9M | Reduce -0.0% |
| AZO AutoZone Inc. | 2.28% | 41,230 | $176.9M | Add +0.8% |
| NOW ServiceNow Inc. | 2.25% | 189,677 | $174.6M | Add +0.1% |
| ABBV Abbvie Inc. | 2.24% | 749,148 | $173.5M | Add +4.2% |
| TT Trane Technologies PLC | 2.20% | 404,971 | $170.9M | Reduce 0.0% |
| KEYS Keysight Technologies Inc. | 1.92% | 851,670 | $149.0M | Reduce -0.0% |
| TRMB Trimble Inc. | 1.78% | 1,688,938 | $137.9M | Reduce -0.1% |
| AZN Astrazeneca PLC-Spons ADR | 1.62% | 1,634,995 | $125.4M | Add +0.1% |
| CSCO Cisco Systems Inc. | 1.54% | 1,744,897 | $119.4M | Add +0.0% |
| SYK Stryker Corp. | 1.51% | 317,316 | $117.3M | Add +0.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.48% | 2,074,653 | $115.1M | Reduce -2.3% |
| LOW Lowe's Cos Inc. | 1.38% | 425,924 | $107.0M | Reduce -0.2% |
| ROK Rockwell Automation Inc. | 1.36% | 301,507 | $105.4M | No change |
| CHD Church & Dwight Co. Inc. | 1.35% | 1,191,945 | $104.5M | Reduce -0.6% |
| ITW Illinois Tool Works | 1.04% | 308,203 | $80.4M | Reduce -0.0% |
| ADBE Adobe Inc. | 1.02% | 223,645 | $78.9M | Reduce -34.6% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.01% | 82,003 | $78.1M | No change |
| ETN Eaton Corp. PLC | 0.98% | 203,362 | $76.1M | Reduce -0.1% |
| LIN Linde PLC | 0.83% | 136,302 | $64.7M | Add +0.2% |
| LECO Lincoln Electric Holdings | 0.82% | 269,020 | $63.4M | Reduce -0.0% |
| FERG Ferguson Enterprises Inc. | 0.69% | 238,803 | $53.6M | Add +0.3% |
| GPC Genuine Parts Co. | 0.69% | 384,075 | $53.2M | No change |
| ABT Abbott Laboratories | 0.68% | 392,295 | $52.5M | Reduce -0.0% |
| TXN Texas Instruments Inc. | 0.63% | 265,692 | $48.8M | Reduce -2.3% |
| AMD Advanced Micro Devices | 0.55% | 265,400 | $42.9M | Add +4.8% |
| NVS Novartis AG-Sponsored ADR | 0.52% | 315,301 | $40.4M | Reduce -0.2% |
| A Agilent Technologies Inc. | 0.51% | 307,400 | $39.5M | Reduce -43.0% |
| KMB Kimberly-Clark Corp. | 0.48% | 301,374 | $37.5M | No change |
| UL Unilever PLC | 0.47% | 612,638 | $36.3M | Add +1.0% |
| CNI Canadian Natl Railway Co. | 0.47% | 384,280 | $36.2M | No change |
| CL Colgate-Palmolive Co. | 0.46% | 450,327 | $36.0M | No change |
| JNJ Johnson & Johnson | 0.44% | 182,083 | $33.8M | Reduce -0.2% |
| MKC McCormick & Co.-Non VTG SHRS | 0.43% | 497,596 | $33.3M | Reduce -11.2% |
| APD Air Products & Chemicals Inc. | 0.40% | 113,535 | $31.0M | Add +2.3% |
| IT Gartner Inc. | 0.39% | 113,941 | $30.0M | Reduce -36.9% |
| WM Waste Management Inc. | 0.36% | 126,549 | $27.9M | Add +2062.9% |
| KVUE Kenvue Inc. | 0.36% | 1,718,707 | $27.9M | Reduce -0.7% |
| UPS United Parcel Service Class B | 0.33% | 305,525 | $25.5M | Add +13.9% |
| PG The Procter & Gamble Co. | 0.32% | 159,382 | $24.5M | Reduce -82.8% |
| HD Home Depot Inc. | 0.27% | 51,804 | $21.0M | Add +50.3% |
| CRH CRH PLC | 0.17% | 112,022 | $13.4M | Add +131.1% |
| MRK Merck & Co. Inc. | 0.16% | 145,149 | $12.2M | Add +0.0% |
| NKE Nike Inc. Class B | 0.14% | 155,830 | $10.9M | Add +0.5% |
| QCOM Qualcomm Inc. | 0.12% | 53,699 | $8.9M | Add +5.7% |
| RIO Rio Tinto PLC-Spon ADR | 0.09% | 106,269 | $7.0M | Add +23.7% |
| B Barrick Mining Corp. | 0.09% | 211,561 | $6.9M | Add +19.8% |
| JBL Jabil Inc. | 0.08% | 29,560 | $6.4M | Add +3.4% |
| AMZN Amazon.com Inc. | 0.08% | 28,999 | $6.4M | No change |
| MPWR Monolithic Power Systems Inc. | 0.08% | 6,781 | $6.2M | Add +17.4% |
| ORLY O'reilly Automotive Inc. | 0.08% | 57,302 | $6.2M | Reduce -0.2% |
| SCCO Southern Copper Corp. | 0.07% | 45,150 | $5.5M | Add +1.0% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.06% | 110,407 | $4.7M | Add +37.3% |
| AEM Agnico Eagle Mines Ltd. | 0.06% | 27,327 | $4.6M | Reduce -6.3% |
| SAP Sap SE-Sponsored ADR | 0.06% | 16,778 | $4.5M | Reduce -15.9% |
| MELI MercadoLibre Inc. | 0.05% | 1,795 | $4.2M | Reduce -23.9% |
| BSX Boston Scientific Corp. | 0.05% | 42,221 | $4.1M | Add +1.0% |
| COST Costco Wholesale Corp. | 0.05% | 4,346 | $4.0M | No change |
| META Meta Platforms Inc. Class A | 0.04% | 4,702 | $3.5M | Add +2.1% |
| INFY Infosys Ltd.-SP ADR | 0.04% | 211,318 | $3.4M | Add +10.4% |
| MSI Motorola Solutions Inc. | 0.04% | 7,369 | $3.4M | Reduce -0.3% |
| MA Mastercard Inc. Class A | 0.04% | 5,580 | $3.2M | Reduce -6.2% |
| PWR Quanta Services Inc. | 0.04% | 7,156 | $3.0M | Reduce -11.2% |
| TEL Te Connectivity PLC | 0.04% | 12,854 | $2.8M | Reduce -4.5% |
| APH Amphenol Corp. Class A | 0.04% | 22,065 | $2.7M | Add +194.2% |
| NICE Nice Ltd. - Spon ADR | 0.04% | 18,742 | $2.7M | Reduce -0.9% |
| RSG Republic Services Inc. | 0.03% | 10,168 | $2.3M | Add +39.0% |
| MNST Monster Beverage Corp. | 0.03% | 33,383 | $2.2M | No change |
| MCO Moody's Corp. | 0.03% | 4,681 | $2.2M | Reduce -6.7% |
| PSA Public Storage | 0.03% | 7,123 | $2.1M | Reduce -0.2% |
| TYL Tyler Technologies Inc. | 0.02% | 3,977 | $1.9M | Reduce -5.4% |
| TLK Telkom Indonesia Persero-ADR filed as P T TELEKOMUNIKASI INDONESIA | 0.02% | 100,782 | $1.9M | No change |
| FIX Comfort Systems USA Inc. | 0.02% | 2,246 | $1.9M | Reduce -8.4% |
| FAST Fastenal Co. | 0.02% | 36,300 | $1.8M | Add +0.0% |
| CTVA Corteva Inc. | 0.02% | 25,553 | $1.7M | Reduce -10.2% |
| FTNT Fortinet Inc. | 0.02% | 20,334 | $1.7M | Add +20.8% |
| CPRT Copart Inc. | 0.02% | 34,012 | $1.5M | Reduce -8.4% |
| CRM Salesforce Inc. | 0.02% | 6,386 | $1.5M | Reduce -5.5% |
| PLD Prologis Inc. | 0.02% | 12,970 | $1.5M | Add +4.8% |
| NEE Nextera Energy Inc. | 0.02% | 16,415 | $1.2M | No change |
| JPM JPMorgan Chase & Co. | 0.02% | 3,873 | $1.2M | Add +34.8% |
| DHR Danaher Corp. | 0.02% | 5,978 | $1.2M | Add +157.1% |
| NSC Norfolk Southern Corp. | 0.02% | 3,940 | $1.2M | Reduce -2.4% |
| ROST Ross Stores Inc. | 0.02% | 7,669 | $1.2M | Add +205.5% |
| WELL Welltower Inc. | 0.01% | 6,280 | $1.1M | Add +20.9% |
| EQIX Equinix Inc. | 0.01% | 1,417 | $1.1M | No change |
| CB Chubb Ltd. | 0.01% | 3,170 | $895K | No change |
| GSK GSK PLC-Spon ADR | 0.01% | 20,650 | $891K | Reduce -8.9% |
| ITRI Itron Inc. | 0.01% | 6,992 | $871K | Reduce -29.9% |
| TSCO Tractor Supply Company | 0.01% | 14,830 | $843K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| PG The Procter & Gamble Co. | Reduce -82.8% | 0.32% | −1.67 |
| ADBE Adobe Inc. | Reduce -34.6% | 1.02% | −0.77 |
| IT Gartner Inc. | Reduce -36.9% | 0.39% | −0.60 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -2.3% | 1.48% | −0.50 |
| LLY Eli Lilly & Co. | Reduce -0.7% | 5.80% | −0.46 |
| UNP Union Pacific Corp. | Reduce -99.1% | 0.00% | −0.42 |
| A Agilent Technologies Inc. | Reduce -43.0% | 0.51% | −0.35 |
| CHD Church & Dwight Co. Inc. | Reduce -0.6% | 1.35% | −0.21 |
| TT Trane Technologies PLC | Reduce 0.0% | 2.20% | −0.19 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.18 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -11.2% | 0.43% | −0.14 |
| TXN Texas Instruments Inc. | Reduce -2.3% | 0.63% | −0.13 |
| KVUE Kenvue Inc. | Reduce -0.7% | 0.36% | −0.13 |
| ABT Abbott Laboratories | Reduce -0.0% | 0.68% | −0.04 |
| ACN Accenture PLC Class A | Reduce -73.6% | 0.01% | −0.03 |
| MELI MercadoLibre Inc. | Reduce -23.9% | 0.05% | −0.03 |
| JCI Johnson Controls Internation | Reduce -0.0% | 3.75% | −0.03 |
| SAP Sap SE-Sponsored ADR | Reduce -15.9% | 0.06% | −0.02 |
| PANW Palo Alto Networks Inc. | Reduce -68.4% | 0.01% | −0.02 |
| WSO Watsco Inc. | Reduce -82.4% | 0.00% | −0.02 |
| EXPO Exponent Inc. | Reduce -74.7% | 0.00% | −0.01 |
| NXPI NXP Semiconductors NV | Reduce -53.6% | 0.01% | −0.01 |
| TYL Tyler Technologies Inc. | Reduce -5.4% | 0.02% | −0.01 |
| NICE Nice Ltd. - Spon ADR | Reduce -0.9% | 0.04% | −0.01 |
| LMB Limbach Holdings Inc. | Reduce -25.1% | 0.01% | −0.01 |
| ITRI Itron Inc. | Reduce -29.9% | 0.01% | −0.01 |
| CTVA Corteva Inc. | Reduce -10.2% | 0.02% | −0.01 |
| CRM Salesforce Inc. | Reduce -5.5% | 0.02% | −0.01 |
| MCO Moody's Corp. | Reduce -6.7% | 0.03% | −0.01 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.01 |
| CPRT Copart Inc. | Reduce -8.4% | 0.02% | −0.00 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -6.2% | 0.04% | −0.00 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.00 |
| CSW CSW Industrials Inc. | Reduce -10.4% | 0.01% | −0.00 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.00 |
| CP Canadian Pacific Kansas City | Reduce -44.5% | 0.00% | −0.00 |
| PWR Quanta Services Inc. | Reduce -11.2% | 0.04% | −0.00 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.00 |
| MCHP Microchip Technology Inc. | Reduce -9.2% | 0.01% | −0.00 |
| PSA Public Storage | Reduce -0.2% | 0.03% | −0.00 |
| MTRX Matrix Service Co. | Reduce -26.2% | 0.00% | −0.00 |
| ALC Alcon Inc. | Reduce -9.0% | 0.00% | −0.00 |
| AGX Argan Inc. | Reduce -23.5% | 0.01% | −0.00 |
| ETN Eaton Corp. PLC | Reduce -0.1% | 0.98% | −0.00 |
| GSK GSK PLC-Spon ADR | Reduce -8.9% | 0.01% | −0.00 |
| COP Conocophillips | Reduce -2.7% | 0.01% | −0.00 |
| PSX Phillips 66 | Reduce -2.8% | 0.01% | +0.00 |
| EME Emcor Group Inc. | Reduce -3.4% | 0.01% | +0.00 |
| FSLR First Solar Inc. | Reduce -12.6% | 0.01% | +0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| TSM Taiwan Semiconductor-SP ADR | Add +0.1% | 7.70% | +1.16 |
| GOOGL Alphabet Inc. Class A | Add +0.2% | 4.53% | +1.09 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.1% | 4.01% | +0.54 |
| ABBV Abbvie Inc. | Add +4.2% | 2.24% | +0.43 |
| WM Waste Management Inc. | Add +2062.9% | 0.36% | +0.34 |
| AZO AutoZone Inc. | Add +0.8% | 2.28% | +0.23 |
| CRH CRH PLC | Add +131.1% | 0.17% | +0.11 |
| HD Home Depot Inc. | Add +50.3% | 0.27% | +0.10 |
| AZN Astrazeneca PLC-Spons ADR | Add +0.1% | 1.62% | +0.07 |
| AMD Advanced Micro Devices | Add +4.8% | 0.55% | +0.07 |
| B Barrick Mining Corp. | Add +19.8% | 0.09% | +0.04 |
| APH Amphenol Corp. Class A | Add +194.2% | 0.04% | +0.03 |
| MPWR Monolithic Power Systems Inc. | Add +17.4% | 0.08% | +0.02 |
| SQM Quimica Y Minera Chil-SP ADR | Add +37.3% | 0.06% | +0.02 |
| RIO Rio Tinto PLC-Spon ADR | Add +23.7% | 0.09% | +0.02 |
| ROST Ross Stores Inc. | Add +205.5% | 0.02% | +0.01 |
| ACM Aecom | New | 0.01% | +0.01 |
| SCCO Southern Copper Corp. | Add +1.0% | 0.07% | +0.01 |
| DHR Danaher Corp. | Add +157.1% | 0.02% | +0.01 |
| TER Teradyne Inc. | New | 0.01% | +0.01 |
| QCOM Qualcomm Inc. | Add +5.7% | 0.12% | +0.01 |
| RSG Republic Services Inc. | Add +39.0% | 0.03% | +0.01 |
| CDNS Cadence Design SYS Inc. | New | 0.01% | +0.01 |
| SNN Smith & Nephew PLC -Spon ADR | Add +88.0% | 0.01% | +0.00 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.00% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +34.8% | 0.02% | +0.00 |
| WELL Welltower Inc. | Add +20.9% | 0.01% | +0.00 |
| STX Seagate Technology Holdings | New | 0.00% | +0.00 |
| RTX RTX Corp. | New | 0.00% | +0.00 |
| NVT Nvent Electric PLC | Add +25.9% | 0.01% | +0.00 |
| FAST Fastenal Co. | Add +0.0% | 0.02% | +0.00 |
| MRK Merck & Co. Inc. | Add +0.0% | 0.16% | +0.00 |
| GOOG Alphabet Inc. Class C | Add +2.6% | 0.01% | +0.00 |
| PLD Prologis Inc. | Add +4.8% | 0.02% | +0.00 |
| SAN Banco Santander SA-Spon ADR | Add +35.9% | 0.00% | +0.00 |
| ENPH Enphase Energy Inc. | Add +36.9% | 0.00% | +0.00 |
| EMR Emerson Electric Co. | Add +3.0% | 0.01% | −0.00 |
| ZS Zscaler Inc. | Add +4.3% | 0.01% | −0.00 |
| META Meta Platforms Inc. Class A | Add +2.1% | 0.04% | −0.00 |
| JBL Jabil Inc. | Add +3.4% | 0.08% | −0.00 |
| ROP Roper Technologies Inc. | Add +0.8% | 0.01% | −0.00 |
| FTNT Fortinet Inc. | Add +20.8% | 0.02% | −0.00 |
| INFY Infosys Ltd.-SP ADR | Add +10.4% | 0.04% | −0.00 |
| BSX Boston Scientific Corp. | Add +1.0% | 0.05% | −0.01 |
| NKE Nike Inc. Class B | Add +0.5% | 0.14% | −0.01 |
| FERG Ferguson Enterprises Inc. | Add +0.3% | 0.69% | −0.01 |
| APD Air Products & Chemicals Inc. | Add +2.3% | 0.40% | −0.02 |
| LIN Linde PLC | Add +0.2% | 0.83% | −0.03 |
| UL Unilever PLC | Add +1.0% | 0.47% | −0.03 |
| UPS United Parcel Service Class B | Add +13.9% | 0.33% | −0.04 |
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 |