Saturna Capital Corp.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Saturna Capital Corp. reported 150 stock positions worth $7.5 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 8.2% of the portfolio, followed by Eli Lilly (LLY, 8.0%) and Broadcom (AVGO, 7.0%). Compared with Q3 2025, it opened 7 new positions, sold out of 15, added to 39 and reduced 79. The biggest buy was Advanced Micro Devices (AMD, shares +59%) and the biggest sale Intuit (INTU, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- BELLINGHAM, WA
- CIK
- 0001316617
- Portfolio Value
- $7.5B (Q4 2025)
- SEC Filing
- 0001316617-26-000002 ↗ filed Feb 11, 2026
Holdings Value
Holdings 150 stocks · $7.5B
| TSM Taiwan Semiconductor-SP ADR | 8.23% | 2,041,106 | $620.3M | Reduce -4.6% |
| LLY Eli Lilly & Co. | 8.00% | 561,346 | $603.3M | Reduce -4.8% |
| AVGO Broadcom Inc. | 7.02% | 1,529,076 | $529.2M | Reduce -0.1% |
| MSFT Microsoft Corp. | 6.82% | 1,063,439 | $514.3M | Reduce -4.5% |
| AAPL Apple Inc. | 6.44% | 1,786,099 | $485.6M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 5.98% | 1,440,160 | $450.8M | Reduce -0.3% |
| NVDA Nvidia Corp. | 5.51% | 2,229,598 | $415.8M | Reduce -0.3% |
| ASML ASML Holding NV-NY Reg SHS | 4.54% | 320,088 | $342.4M | Reduce -0.4% |
| JCI Johnson Controls Internation | 4.18% | 2,631,693 | $315.1M | Reduce -0.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.50% | 1,228,549 | $188.7M | Reduce -0.2% |
| ORCL Oracle Corp. | 2.44% | 943,724 | $183.9M | Reduce -0.4% |
| ABBV Abbvie Inc. | 2.36% | 780,291 | $178.3M | Add +4.2% |
| TT Trane Technologies PLC | 2.08% | 402,668 | $156.7M | Reduce -0.6% |
| AZN Astrazeneca PLC-Spons ADR | 1.99% | 1,635,207 | $150.3M | Add +0.0% |
| NOW ServiceNow Inc. | 1.93% | 948,175 | $145.3M | No change |
| AZO AutoZone Inc. | 1.84% | 40,931 | $138.8M | Reduce -0.7% |
| CSCO Cisco Systems Inc. | 1.78% | 1,742,310 | $134.2M | Reduce -0.1% |
| TRMB Trimble Inc. | 1.75% | 1,688,095 | $132.3M | Reduce -0.1% |
| ROK Rockwell Automation Inc. | 1.56% | 301,462 | $117.3M | Reduce -0.0% |
| SYK Stryker Corp. | 1.48% | 317,184 | $111.5M | Reduce -0.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.40% | 2,072,619 | $105.5M | Reduce -0.1% |
| LOW Lowe's Cos Inc. | 1.34% | 419,371 | $101.1M | Reduce -1.5% |
| CHD Church & Dwight Co. Inc. | 1.32% | 1,186,630 | $99.5M | Reduce -0.5% |
| AMD Advanced Micro Devices | 1.20% | 423,030 | $90.6M | Add +59.4% |
| GWW WW Grainger Inc. | 1.10% | 81,994 | $82.7M | Reduce -0.0% |
| ITW Illinois Tool Works | 1.00% | 306,443 | $75.5M | Reduce -0.6% |
| ETN Eaton Corp. PLC | 0.86% | 203,321 | $64.8M | Reduce -0.0% |
| LECO Lincoln Electric Holdings | 0.85% | 268,975 | $64.5M | Reduce -0.0% |
| LIN Linde PLC | 0.80% | 141,721 | $60.4M | Add +4.0% |
| ADBE Adobe Inc. | 0.77% | 165,650 | $58.0M | Reduce -25.9% |
| FERG Ferguson Enterprises Inc. | 0.71% | 239,074 | $53.2M | Add +0.1% |
| ABT Abbott Laboratories | 0.65% | 391,855 | $49.1M | Reduce -0.1% |
| GPC Genuine Parts Co. | 0.63% | 384,010 | $47.2M | Reduce -0.0% |
| TXN Texas Instruments Inc. | 0.59% | 257,365 | $44.7M | Reduce -3.1% |
| NVS Novartis AG-Sponsored ADR | 0.57% | 312,662 | $43.1M | Reduce -0.8% |
| CNI Canadian Natl Railway Co. | 0.50% | 384,214 | $38.0M | Reduce -0.0% |
| UL Unilever PLC-Sponsored ADR | 0.50% | 575,543 | $37.6M | Add +5.7% |
| JNJ Johnson & Johnson | 0.50% | 180,902 | $37.4M | Reduce -0.7% |
| WM Waste Management Inc. | 0.48% | 163,631 | $36.0M | Add +29.3% |
| CL Colgate-Palmolive Co. | 0.47% | 450,252 | $35.6M | Reduce -0.0% |
| KMB Kimberly-Clark Corp. | 0.40% | 301,117 | $30.4M | Reduce -0.1% |
| UPS United Parcel Service Class B | 0.40% | 305,245 | $30.3M | Reduce -0.1% |
| KVUE Kenvue Inc. | 0.38% | 1,676,887 | $28.9M | Reduce -2.4% |
| APD Air Products & Chemicals Inc. | 0.38% | 115,991 | $28.7M | Add +2.2% |
| A Agilent Technologies Inc. | 0.36% | 199,390 | $27.1M | Reduce -35.1% |
| HD Home Depot Inc. | 0.29% | 64,627 | $22.2M | Add +24.8% |
| CRH CRH PLC | 0.29% | 174,605 | $21.8M | Add +55.9% |
| NKE Nike Inc. Class B | 0.25% | 300,730 | $19.2M | Add +93.0% |
| MRK Merck & Co. Inc. | 0.20% | 141,026 | $14.8M | Reduce -2.8% |
| B Barrick Mining Corp. | 0.12% | 212,261 | $9.2M | Add +0.3% |
| RIO Rio Tinto PLC-Spon ADR | 0.11% | 106,429 | $8.5M | Add +0.1% |
| QCOM Qualcomm Inc. | 0.11% | 47,811 | $8.2M | Reduce -11.0% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.10% | 110,641 | $7.6M | Add +0.2% |
| AMZN Amazon.com Inc. | 0.09% | 30,484 | $7.0M | Add +5.1% |
| JBL Jabil Inc. | 0.09% | 29,500 | $6.7M | Reduce -0.2% |
| SCCO Southern Copper Corp. | 0.08% | 43,239 | $6.2M | Reduce -4.2% |
| MPWR Monolithic Power Systems Inc. | 0.08% | 6,781 | $6.1M | No change |
| INTU Intuit Inc. | 0.07% | 8,215 | $5.4M | Reduce -97.2% |
| SAP Sap SE-Sponsored ADR | 0.07% | 22,121 | $5.4M | Add +31.9% |
| ORLY O'reilly Automotive Inc. | 0.07% | 56,250 | $5.1M | Reduce -1.8% |
| APH Amphenol Corp. Class A | 0.06% | 35,515 | $4.8M | Add +61.0% |
| AEM Agnico Eagle Mines Ltd. | 0.06% | 25,731 | $4.4M | Reduce -5.8% |
| BSX Boston Scientific Corp. | 0.05% | 42,804 | $4.1M | Add +1.4% |
| INFY Infosys Ltd.-SP ADR | 0.05% | 210,000 | $3.7M | Reduce -0.6% |
| COST Costco Wholesale Corp. | 0.05% | 4,246 | $3.7M | Reduce -2.3% |
| MA Mastercard Inc. Class A | 0.04% | 5,580 | $3.2M | No change |
| META Meta Platforms Inc. Class A | 0.04% | 4,811 | $3.2M | Add +2.3% |
| PWR Quanta Services Inc. | 0.04% | 7,150 | $3.0M | Reduce -0.1% |
| TEL Te Connectivity PLC | 0.04% | 12,095 | $2.8M | Reduce -5.9% |
| RSG Republic Services Inc. | 0.04% | 12,819 | $2.7M | Add +26.1% |
| MSI Motorola Solutions Inc. | 0.04% | 7,085 | $2.7M | Reduce -3.9% |
| CTVA Corteva Inc. | 0.03% | 38,135 | $2.6M | Add +49.2% |
| TLK Telkom Indonesia Persero-ADR filed as P T TELEKOMUNIKASI INDONESIA | 0.03% | 120,000 | $2.5M | Add +19.1% |
| PG The Procter & Gamble Co. | 0.03% | 16,444 | $2.4M | Reduce -89.7% |
| MCO Moody's Corp. | 0.03% | 4,368 | $2.2M | Reduce -6.7% |
| MNST Monster Beverage Corp. | 0.03% | 28,575 | $2.2M | Reduce -14.4% |
| NICE Nice Ltd. - Spon ADR | 0.03% | 18,892 | $2.1M | Add +0.8% |
| FIX Comfort Systems USA Inc. | 0.03% | 2,256 | $2.1M | Add +0.5% |
| MICC The Magnum Ice Cream Co. NV | 0.03% | 121,551 | $1.9M | Reduce -0.8% |
| PSA Public Storage | 0.02% | 6,863 | $1.8M | Reduce -3.6% |
| NEE Nextera Energy Inc. | 0.02% | 22,042 | $1.8M | Add +34.3% |
| DHR Danaher Corp. | 0.02% | 7,404 | $1.7M | Add +23.9% |
| PLD Prologis Inc. | 0.02% | 12,410 | $1.6M | Reduce -4.3% |
| ROST Ross Stores Inc. | 0.02% | 8,434 | $1.5M | Add +10.0% |
| CRM Salesforce Inc. | 0.02% | 5,686 | $1.5M | Reduce -11.0% |
| GSK GSK PLC-Spon ADR | 0.02% | 29,162 | $1.4M | Add +41.2% |
| FAST Fastenal Co. | 0.02% | 34,010 | $1.4M | Reduce -6.3% |
| JPM JPMorgan Chase & Co. | 0.02% | 3,873 | $1.2M | No change |
| WELL Welltower Inc. | 0.02% | 6,360 | $1.2M | Add +1.3% |
| TYL Tyler Technologies Inc. | 0.02% | 2,543 | $1.2M | Reduce -36.1% |
| NSC Norfolk Southern Corp. | 0.01% | 3,860 | $1.1M | Reduce -2.0% |
| TER Teradyne Inc. | 0.01% | 5,690 | $1.1M | Add +29.3% |
| FTNT Fortinet Inc. | 0.01% | 13,625 | $1.1M | Reduce -33.0% |
| EME Emcor Group Inc. | 0.01% | 1,753 | $1.1M | Add +58.9% |
| EQIX Equinix Inc. | 0.01% | 1,393 | $1.1M | Reduce -1.7% |
| CB Chubb Ltd. | 0.01% | 3,170 | $989K | No change |
| CCJ Cameco Corp. | 0.01% | 10,092 | $923K | Add +5.2% |
| CSW CSW Industrials Inc. | 0.01% | 3,042 | $893K | No change |
| FSLR First Solar Inc. | 0.01% | 3,208 | $838K | Reduce -7.0% |
| D Dominion Energy Inc. | 0.01% | 12,413 | $727K | Add +0.8% |
Portfolio Sells Q3 2025 → Q4 2025
| INTU Intuit Inc. | Reduce -97.2% | 0.07% | −2.53 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −1.92 |
| ORCL Oracle Corp. | Reduce -0.4% | 2.44% | −0.99 |
| MSFT Microsoft Corp. | Reduce -4.5% | 6.82% | −0.62 |
| AZO AutoZone Inc. | Reduce -0.7% | 1.84% | −0.44 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.43 |
| IT Gartner Inc. | Reduce -98.8% | 0.00% | −0.38 |
| PG The Procter & Gamble Co. | Reduce -89.7% | 0.03% | −0.28 |
| ADBE Adobe Inc. | Reduce -25.9% | 0.77% | −0.25 |
| A Agilent Technologies Inc. | Reduce -35.1% | 0.36% | −0.15 |
| TT Trane Technologies PLC | Reduce -0.6% | 2.08% | −0.12 |
| ETN Eaton Corp. PLC | Reduce -0.0% | 0.86% | −0.12 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.1% | 1.40% | −0.09 |
| KMB Kimberly-Clark Corp. | Reduce -0.1% | 0.40% | −0.08 |
| GPC Genuine Parts Co. | Reduce -0.0% | 0.63% | −0.06 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.05 |
| LOW Lowe's Cos Inc. | Reduce -1.5% | 1.34% | −0.04 |
| TXN Texas Instruments Inc. | Reduce -3.1% | 0.59% | −0.04 |
| ITW Illinois Tool Works | Reduce -0.6% | 1.00% | −0.04 |
| SYK Stryker Corp. | Reduce -0.0% | 1.48% | −0.03 |
| CHD Church & Dwight Co. Inc. | Reduce -0.5% | 1.32% | −0.03 |
| ABT Abbott Laboratories | Reduce -0.1% | 0.65% | −0.03 |
| TRMB Trimble Inc. | Reduce -0.1% | 1.75% | −0.02 |
| CPRT Copart Inc. | Reduce -55.1% | 0.01% | −0.01 |
| ORLY O'reilly Automotive Inc. | Reduce -1.8% | 0.07% | −0.01 |
| TYL Tyler Technologies Inc. | Reduce -36.1% | 0.02% | −0.01 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.01 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.01 |
| FTNT Fortinet Inc. | Reduce -33.0% | 0.01% | −0.01 |
| MSI Motorola Solutions Inc. | Reduce -3.9% | 0.04% | −0.01 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -11.0% | 0.11% | −0.01 |
| COP Conocophillips | Sold out | 0.00% | −0.01 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.01 |
| FAST Fastenal Co. | Reduce -6.3% | 0.02% | −0.00 |
| ACM Aecom | Reduce -30.5% | 0.00% | −0.00 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.00 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.00 |
| SNN Smith & Nephew PLC -Spon ADR | Reduce -41.5% | 0.00% | −0.00 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.00 |
| WY Weyerhaeuser Co. | Reduce -50.0% | 0.00% | −0.00 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.00 |
| VIRT Virtu Financial Inc. Class A | Reduce -50.0% | 0.00% | −0.00 |
| PCH Potlatchdeltic Corp. | Reduce -45.8% | 0.00% | −0.00 |
| COST Costco Wholesale Corp. | Reduce -2.3% | 0.05% | −0.00 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.00 |
| PSA Public Storage | Reduce -3.6% | 0.02% | −0.00 |
| WSO Watsco Inc. | Sold out | 0.00% | −0.00 |
| EMR Emerson Electric Co. | Reduce -27.9% | 0.01% | −0.00 |
| AEM Agnico Eagle Mines Ltd. | Reduce -5.8% | 0.06% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| AMD Advanced Micro Devices | Add +59.4% | 1.20% | +0.65 |
| AZN Astrazeneca PLC-Spons ADR | Add +0.0% | 1.99% | +0.38 |
| ABBV Abbvie Inc. | Add +4.2% | 2.36% | +0.13 |
| WM Waste Management Inc. | Add +29.3% | 0.48% | +0.12 |
| CRH CRH PLC | Add +55.9% | 0.29% | +0.12 |
| NKE Nike Inc. Class B | Add +93.0% | 0.25% | +0.11 |
| SQM Quimica Y Minera Chil-SP ADR | Add +0.2% | 0.10% | +0.04 |
| B Barrick Mining Corp. | Add +0.3% | 0.12% | +0.03 |
| UL Unilever PLC-Sponsored ADR | Add +5.7% | 0.50% | +0.03 |
| APH Amphenol Corp. Class A | Add +61.0% | 0.06% | +0.03 |
| HD Home Depot Inc. | Add +24.8% | 0.29% | +0.02 |
| RIO Rio Tinto PLC-Spon ADR | Add +0.1% | 0.11% | +0.02 |
| FERG Ferguson Enterprises Inc. | Add +0.1% | 0.71% | +0.01 |
| SAP Sap SE-Sponsored ADR | Add +31.9% | 0.07% | +0.01 |
| CTVA Corteva Inc. | Add +49.2% | 0.03% | +0.01 |
| AMZN Amazon.com Inc. | Add +5.1% | 0.09% | +0.01 |
| TLK Telkom Indonesia Persero-ADR | Add +19.1% | 0.03% | +0.01 |
| GSK GSK PLC-Spon ADR | Add +41.2% | 0.02% | +0.01 |
| NEE Nextera Energy Inc. | Add +34.3% | 0.02% | +0.01 |
| DHR Danaher Corp. | Add +23.9% | 0.02% | +0.01 |
| TER Teradyne Inc. | Add +29.3% | 0.01% | +0.01 |
| RSG Republic Services Inc. | Add +26.1% | 0.04% | +0.01 |
| ISRG Intuitive Surgical Inc. | New | 0.01% | +0.01 |
| GEV GE Vernova Inc. | New | 0.01% | +0.01 |
| BMI Badger Meter Inc. | New | 0.01% | +0.01 |
| ROST Ross Stores Inc. | Add +10.0% | 0.02% | +0.01 |
| EME Emcor Group Inc. | Add +58.9% | 0.01% | +0.01 |
| FSS Federal Signal Corp. | New | 0.00% | +0.00 |
| AMAT Applied Materials Inc. | New | 0.00% | +0.00 |
| FIX Comfort Systems USA Inc. | Add +0.5% | 0.03% | +0.00 |
| MU Micron Technology Inc. | New | 0.00% | +0.00 |
| INSW International Seaways Inc. | New | 0.00% | +0.00 |
| PSX Phillips 66 | Add +48.7% | 0.01% | +0.00 |
| SAN Banco Santander SA-Spon ADR | Add +48.9% | 0.01% | +0.00 |
| CCJ Cameco Corp. | Add +5.2% | 0.01% | +0.00 |
| BHP BHP Group Ltd.-Spon ADR | Add +3.5% | 0.01% | +0.00 |
| WELL Welltower Inc. | Add +1.3% | 0.02% | +0.00 |
| BSX Boston Scientific Corp. | Add +1.4% | 0.05% | +0.00 |
| SITM Sitime Corp. | Add +5.2% | 0.00% | +0.00 |
| FND Floor & Decor Holdings Inc. Class A | Add +27.4% | 0.01% | +0.00 |
| D Dominion Energy Inc. | Add +0.8% | 0.01% | −0.00 |
| ENPH Enphase Energy Inc. | Add +4.5% | 0.00% | −0.00 |
| META Meta Platforms Inc. Class A | Add +2.3% | 0.04% | −0.00 |
| NICE Nice Ltd. - Spon ADR | Add +0.8% | 0.03% | −0.01 |
| APD Air Products & Chemicals Inc. | Add +2.2% | 0.38% | −0.02 |
| LIN Linde PLC | Add +4.0% | 0.80% | −0.03 |
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 |