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

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 Q4 2024 Q1 2025: $6.7B Q1 2025 Q2 2025: $7.4B Q2 2025 Q3 2025: $7.8B Q3 2025 Q4 2025: $7.5B $7.5B Q4 2025 Q1 2026: $7.1B Q1 2026 Q2 2026: $8.2B Q2 2026

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%
BHP BHP Group Ltd.-Spon ADR 0.01% 12,025 $726K Add +3.5%
PSX Phillips 66 0.01% 5,624 $726K Add +48.7%
TSCO Tractor Supply Company 0.01% 14,330 $717K Reduce -3.4%
AON Aon PLC Class A 0.01% 1,989 $702K No change
ITRI Itron Inc. 0.01% 6,992 $649K No change
GOOG Alphabet Inc. Class C 0.01% 2,001 $628K No change
NXPI NXP Semiconductors NV 0.01% 2,879 $625K No change
CPT Camden Property Trust 0.01% 5,650 $622K Reduce -5.7%
CPRT Copart Inc. 0.01% 15,262 $598K Reduce -55.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 1,956 $579K Reduce -15.8%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.01% 9,000 $567K Reduce -6.0%
FND Floor & Decor Holdings Inc. Class A 0.01% 9,108 $555K Add +27.4%
NVT Nvent Electric PLC 0.01% 5,340 $545K Reduce -0.0%
MAA Mid-America Apartment Comm 0.01% 3,750 $521K Reduce -4.1%
SONY Sony Group Corp. - SP ADR 0.01% 20,000 $512K No change
AGX Argan Inc. 0.01% 1,589 $498K No change
V Visa Inc. Class A 0.01% 1,369 $480K No change
PANW Palo Alto Networks Inc. 0.01% 2,584 $476K No change
ISRG Intuitive Surgical Inc. 0.01% 783 $443K New
EMR Emerson Electric Co. 0.01% 3,164 $420K Reduce -27.9%
SAN Banco Santander SA-Spon ADR 0.01% 35,400 $415K Add +48.9%
GEV GE Vernova Inc. 0.01% 613 $401K New
LMB Limbach Holdings Inc. 0.01% 5,145 $401K No change
ECL Ecolab Inc. 0.01% 1,500 $394K No change
BMI Badger Meter Inc. 0.01% 2,233 $389K New
ACM Aecom 0.00% 3,915 $373K Reduce -30.5%
SNN Smith & Nephew PLC -Spon ADR 0.00% 11,178 $367K Reduce -41.5%
FSS Federal Signal Corp. 0.00% 3,341 $363K New
SITM Sitime Corp. 0.00% 1,010 $357K Add +5.2%
IT Gartner Inc. 0.00% 1,371 $346K Reduce -98.8%
ENPH Enphase Energy Inc. 0.00% 10,515 $337K Add +4.5%
ZS Zscaler Inc. 0.00% 1,458 $328K No change
PCH Potlatchdeltic Corp. 0.00% 7,740 $308K Reduce -45.8%
AMAT Applied Materials Inc. 0.00% 1,185 $305K New
EXPO Exponent Inc. 0.00% 4,000 $278K No change
MU Micron Technology Inc. 0.00% 968 $276K New
CRWD CrowdStrike Holdings Inc. Class A 0.00% 583 $274K Reduce -18.8%
TD Toronto-Dominion Bank 0.00% 2,850 $268K No change
INSW International Seaways Inc. 0.00% 5,402 $262K New
WY Weyerhaeuser Co. 0.00% 10,990 $260K Reduce -50.0%
VIRT Virtu Financial Inc. Class A 0.00% 7,500 $250K Reduce -50.0%
ALC Alcon Inc. filed as ALCON AG 0.00% 3,045 $240K No change
WFC Wells Fargo & Co. 0.00% 2,558 $238K No change
NTRS Northern Trust Corp. 0.00% 1,667 $228K No change
SKM SK Telecom Co. Ltd.-Spon ADR 0.00% 11,000 $226K No change
RTX RTX Corp. 0.00% 1,219 $224K Reduce -2.6%
STX Seagate Technology Holdings 0.00% 811 $223K Reduce -21.4%
FBIN Fortune Brands Innovations I 0.00% 4,440 $222K Reduce -3.3%
DVAX Dynavax Technologies Corp. 0.00% 13,613 $209K No change
MTRX Matrix Service Co. 0.00% 17,606 $206K No change

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

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