Saturna Capital Corp.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Saturna Capital Corp. reported 148 stock positions worth $7.1 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 9.4% of the portfolio, followed by Eli Lilly (LLY, 7.2%) and Broadcom (AVGO, 6.5%). Compared with Q4 2025, it opened 9 new positions, sold out of 11, added to 45 and reduced 68. The biggest buy was Waste Management (WM, shares +66%) and the biggest sale Microsoft (MSFT, shares −2%).

Most Recent 13F
Q2 2026
Location
BELLINGHAM, WA
CIK
0001316617
Portfolio Value
$7.1B (Q1 2026)
SEC Filing
0001316617-26-000005 ↗ filed May 12, 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 Q4 2025 Q1 2026: $7.1B $7.1B Q1 2026 Q2 2026: $8.2B Q2 2026

Holdings 148 stocks · $7.1B
TSM Taiwan Semiconductor-SP ADR 9.45% 1,992,101 $673.2M Reduce -2.4%
LLY Eli Lilly & Co. 7.16% 555,104 $510.6M Reduce -1.1%
AVGO Broadcom Inc. 6.50% 1,497,180 $463.4M Reduce -2.1%
AAPL Apple Inc. 6.34% 1,780,138 $451.8M Reduce -0.3%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 5.87% 316,657 $418.3M Reduce -1.1%
GOOGL Alphabet Inc. Class A 5.77% 1,431,204 $411.6M Reduce -0.6%
MSFT Microsoft Corp. 5.44% 1,047,266 $387.7M Reduce -1.5%
NVDA Nvidia Corp. 5.41% 2,208,991 $385.2M Reduce -0.9%
JCI Johnson Controls Internation 4.79% 2,604,438 $341.1M Reduce -1.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 2.73% 1,220,155 $194.9M Reduce -0.7%
ABBV Abbvie Inc. 2.39% 781,671 $170.0M Add +0.2%
TT Trane Technologies PLC 2.35% 401,732 $167.4M Reduce -0.2%
AZN Astrazeneca PLC 2.27% 821,571 $162.0M Add +0.5%
CSCO Cisco Systems Inc. 1.95% 1,788,543 $138.8M Add +2.6%
AZO AutoZone Inc. 1.94% 40,965 $138.4M Add +0.1%
SYK Stryker Corp. 1.69% 367,413 $120.7M Add +15.8%
NOW ServiceNow Inc. 1.69% 1,151,313 $120.4M Add +21.4%
CHD Church & Dwight Co. Inc. 1.56% 1,189,676 $111.0M Add +0.3%
TRMB Trimble Inc. 1.54% 1,682,542 $109.8M Reduce -0.3%
ROK Rockwell Automation Inc. 1.52% 301,481 $108.2M Add +0.0%
LOW Lowe's Cos Inc. 1.37% 414,432 $97.9M Reduce -1.2%
ORCL Oracle Corp. 1.29% 625,467 $92.0M Reduce -33.7%
GWW WW Grainger Inc. 1.25% 81,994 $89.4M No change
AMD Advanced Micro Devices 1.20% 421,134 $85.7M Reduce -0.5%
ITW Illinois Tool Works 1.12% 306,212 $79.7M Reduce -0.1%
ETN Eaton Corp. PLC 1.01% 201,103 $71.9M Reduce -1.1%
LIN Linde PLC 0.99% 142,925 $70.9M Add +0.8%
LECO Lincoln Electric Holdings 0.94% 268,975 $67.0M No change
NVO Novo-Nordisk A/S-Spons ADR 0.92% 1,790,627 $65.8M Reduce -13.6%
WM Waste Management Inc. 0.87% 270,936 $62.3M Add +65.6%
FERG Ferguson Enterprises Inc. 0.79% 241,805 $56.4M Add +1.1%
TXN Texas Instruments Inc. 0.70% 257,374 $50.0M Add +0.0%
NVS Novartis AG-Sponsored ADR 0.67% 311,008 $47.5M Reduce -0.5%
UL Unilever PLC-Sponsored ADR 0.64% 794,310 $45.3M Add +38.0%
JNJ Johnson & Johnson 0.61% 179,177 $43.8M Reduce -0.9%
CNI Canadian Natl Railway Co. 0.58% 400,263 $41.1M Add +4.2%
ABT Abbott Laboratories 0.56% 391,930 $40.2M Add +0.0%
CL Colgate-Palmolive Co. 0.54% 450,252 $38.4M No change
APD Air Products & Chemicals Inc. 0.50% 122,166 $35.5M Add +5.3%
UPS United Parcel Service Class B 0.42% 303,390 $29.8M Reduce -0.6%
KMB Kimberly-Clark Corp. 0.41% 301,117 $29.0M No change
KVUE Kenvue Inc. 0.41% 1,677,123 $28.9M Add +0.0%
CRH CRH PLC 0.39% 264,355 $27.8M Add +51.4%
HD Home Depot Inc. 0.32% 69,386 $22.8M Add +7.4%
MRK Merck & Co. Inc. 0.27% 157,451 $18.9M Add +11.7%
NKE Nike Inc. Class B 0.26% 356,440 $18.8M Add +18.5%
GPC Genuine Parts Co. 0.23% 152,010 $16.1M Reduce -60.4%
RIO Rio Tinto PLC-Spon ADR 0.14% 107,264 $10.0M Add +0.8%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.14% 121,186 $9.8M Add +9.5%
B Barrick Mining Corp. 0.12% 212,061 $8.6M Reduce -0.1%
JBL Jabil Inc. 0.11% 28,600 $7.6M Reduce -3.0%
QCOM Qualcomm Inc. 0.10% 56,064 $7.2M Add +17.3%
MPWR Monolithic Power Systems Inc. 0.10% 6,563 $7.2M Reduce -3.2%
AMZN Amazon.com Inc. 0.09% 30,044 $6.3M Reduce -1.4%
SAP Sap SE-Sponsored ADR 0.07% 27,073 $4.6M Add +22.4%
ORLY O'reilly Automotive Inc. 0.06% 46,719 $4.3M Reduce -16.9%
AEM Agnico Eagle Mines Ltd. 0.06% 20,388 $4.1M Reduce -20.8%
COST Costco Wholesale Corp. 0.06% 4,146 $4.1M Reduce -2.4%
APH Amphenol Corp. Class A 0.06% 32,153 $4.1M Reduce -9.5%
NICE Nice Ltd. - Spon ADR 0.05% 29,644 $3.3M Add +56.9%
CTVA Corteva Inc. 0.04% 35,135 $2.9M Reduce -7.9%
RSG Republic Services Inc. 0.04% 13,009 $2.8M Add +1.5%
INFY Infosys Ltd.-SP ADR 0.04% 210,000 $2.8M No change
FIX Comfort Systems USA Inc. 0.04% 1,950 $2.7M Reduce -13.6%
BSX Boston Scientific Corp. 0.04% 42,787 $2.7M Reduce -0.0%
PWR Quanta Services Inc. 0.04% 4,884 $2.7M Reduce -31.7%
MA Mastercard Inc. Class A 0.04% 5,320 $2.7M Reduce -4.7%
MSI Motorola Solutions Inc. 0.04% 6,095 $2.6M Reduce -14.0%
ROST Ross Stores Inc. 0.03% 11,056 $2.4M Add +31.1%
ADBE Adobe Inc. 0.03% 9,533 $2.3M Reduce -94.3%
TLK Telkom Indonesia Persero-ADR filed as TELEKOMUNIKASI IND 0.03% 120,000 $2.2M No change
META Meta Platforms Inc. Class A 0.03% 3,794 $2.2M Reduce -21.1%
PG The Procter & Gamble Co. 0.03% 14,588 $2.1M Reduce -11.3%
MNST Monster Beverage Corp. 0.03% 28,525 $2.1M Reduce -0.2%
COP Conocophillips 0.03% 15,075 $2.0M New
EME Emcor Group Inc. 0.03% 2,670 $2.0M Add +52.3%
MCO Moody's Corp. 0.03% 4,362 $1.9M Reduce -0.1%
PSA Public Storage 0.03% 6,863 $1.9M No change
GSK GSK PLC-Spon ADR 0.03% 33,346 $1.8M Add +14.3%
PLD Prologis Inc. 0.02% 12,410 $1.6M No change
PSX Phillips 66 0.02% 8,334 $1.5M Add +48.2%
NEE Nextera Energy Inc. 0.02% 16,039 $1.5M Reduce -27.2%
FAST Fastenal Co. 0.02% 31,860 $1.5M Reduce -6.3%
WELL Welltower Inc. 0.02% 7,205 $1.4M Add +13.3%
DHR Danaher Corp. 0.02% 7,476 $1.4M Add +1.0%
EQIX Equinix Inc. 0.02% 1,393 $1.4M No change
TEL Te Connectivity PLC 0.02% 6,458 $1.3M Reduce -46.6%
TER Teradyne Inc. 0.02% 4,303 $1.3M Reduce -24.4%
SCCO Southern Copper Corp. 0.02% 7,282 $1.3M Reduce -83.2%
CPRT Copart Inc. 0.02% 36,754 $1.2M Add +140.8%
INTU Intuit Inc. 0.02% 2,568 $1.1M Reduce -68.7%
FTNT Fortinet Inc. 0.02% 13,423 $1.1M Reduce -1.5%
NSC Norfolk Southern Corp. 0.01% 3,410 $979K Reduce -11.7%
CRM Salesforce Inc. 0.01% 5,043 $941K Reduce -11.3%
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED 0.01% 12,025 $875K No change
ACM Aecom 0.01% 10,301 $874K Add +163.1%
JPM JPMorgan Chase & Co. 0.01% 2,873 $845K Reduce -25.8%
FSLR First Solar Inc. 0.01% 4,268 $842K Add +33.0%
EMR Emerson Electric Co. 0.01% 6,239 $817K Add +97.2%
D Dominion Energy Inc. 0.01% 12,448 $770K Add +0.3%
CCJ Cameco Corp. 0.01% 6,820 $741K Reduce -32.4%
TSCO Tractor Supply Company 0.01% 14,330 $649K No change
AON Aon PLC Class A 0.01% 1,989 $642K No change
AGX Argan Inc. 0.01% 1,175 $640K Reduce -26.1%
GEHC GE Healthcare Technology 0.01% 8,655 $616K New
NVT Nvent Electric PLC 0.01% 5,099 $603K Reduce -4.5%
MU Micron Technology Inc. 0.01% 1,778 $601K Add +83.7%
TYL Tyler Technologies Inc. 0.01% 1,688 $578K Reduce -33.6%
GOOG Alphabet Inc. Class C 0.01% 2,001 $574K No change
V Visa Inc. Class A 0.01% 1,869 $565K Add +36.5%
CPT Camden Property Trust 0.01% 5,650 $552K No change
AMAT Applied Materials Inc. 0.01% 1,590 $543K Add +34.2%
GEV GE Vernova Inc. 0.01% 613 $535K No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.01% 9,000 $532K No change
FND Floor & Decor Holdings Inc. Class A 0.01% 9,635 $489K Add +5.8%
MAA Mid-America Apartment Comm 0.01% 3,445 $421K Reduce -8.1%
ENPH Enphase Energy Inc. 0.01% 10,957 $414K Add +4.2%
LMB Limbach Holdings Inc. 0.01% 5,145 $402K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 1,632 $396K Reduce -16.6%
INSW International Seaways Inc. 0.01% 5,402 $394K No change
SNN Smith & Nephew PLC -Spon ADR 0.01% 12,303 $391K Add +10.1%
NXPI NXP Semiconductors NV 0.01% 1,979 $390K Reduce -31.3%
CB Chubb Ltd. 0.01% 1,170 $381K Reduce -63.1%
FSS Federal Signal Corp. 0.01% 3,341 $361K No change
ISRG Intuitive Surgical Inc. 0.01% 768 $354K Reduce -1.9%
SITM Sitime Corp. 0.00% 1,020 $352K Add +1.0%
PANW Palo Alto Networks Inc. 0.00% 2,183 $350K Reduce -15.5%
CSW CSW Industrials Inc. 0.00% 1,313 $342K Reduce -56.8%
BMI Badger Meter Inc. 0.00% 2,233 $340K No change
SKM SK Telecom Co. Ltd.-Spon ADR 0.00% 11,000 $322K No change
SAN Banco Santander SA-Spon ADR 0.00% 26,000 $290K Reduce -26.6%
RYN Rayonier Inc. 0.00% 14,074 $290K New
DOX Amdocs Ltd. 0.00% 4,200 $274K New
GLW Corning Inc. 0.00% 2,000 $272K New
ITRI Itron Inc. 0.00% 3,000 $269K Reduce -57.1%
XOM Exxon Mobil Corp. 0.00% 1,584 $269K New
WY Weyerhaeuser Co. 0.00% 10,990 $268K No change
TD Toronto-Dominion Bank 0.00% 2,850 $266K No change
STX Seagate Technology Holdings 0.00% 667 $261K Reduce -17.8%
NTRS Northern Trust Corp. 0.00% 1,667 $233K No change
RTX RTX Corp. 0.00% 1,187 $229K Reduce -2.6%
CVX Chevron Corp. 0.00% 1,033 $214K New
URI United Rentals Inc. 0.00% 290 $211K New
CRWD CrowdStrike Holdings Inc. Class A 0.00% 538 $210K Reduce -7.7%
CAT Caterpillar Inc. 0.00% 295 $209K New
WFC Wells Fargo & Co. 0.00% 2,558 $204K No change
MTRX Matrix Service Co. 0.00% 17,606 $202K No change
ZS Zscaler Inc. 0.00% 1,428 $200K Reduce -2.1%

Portfolio Sells Q4 2025 → Q1 2026
MSFT Microsoft Corp. Reduce -1.5% 5.44% −1.38
ORCL Oracle Corp. Reduce -33.7% 1.29% −1.15
LLY Eli Lilly & Co. Reduce -1.1% 7.16% −0.84
ADBE Adobe Inc. Reduce -94.3% 0.03% −0.74
AVGO Broadcom Inc. Reduce -2.1% 6.50% −0.52
NVO Novo-Nordisk A/S-Spons ADR Reduce -13.6% 0.92% −0.48
GPC Genuine Parts Co. Reduce -60.4% 0.23% −0.40
A Agilent Technologies Inc. Sold out 0.00% −0.36
TRMB Trimble Inc. Reduce -0.3% 1.54% −0.21
GOOGL Alphabet Inc. Class A Reduce -0.6% 5.77% −0.20
NVDA Nvidia Corp. Reduce -0.9% 5.41% −0.11
AAPL Apple Inc. Reduce -0.3% 6.34% −0.10
SCCO Southern Copper Corp. Reduce -83.2% 0.02% −0.06
INTU Intuit Inc. Reduce -68.7% 0.02% −0.06
MICC The Magnum Ice Cream Co. NV Sold out 0.00% −0.03
TEL Te Connectivity PLC Reduce -46.6% 0.02% −0.02
BSX Boston Scientific Corp. Reduce -0.0% 0.04% −0.02
META Meta Platforms Inc. Class A Reduce -21.1% 0.03% −0.01
CB Chubb Ltd. Reduce -63.1% 0.01% −0.01
ORLY O'reilly Automotive Inc. Reduce -16.9% 0.06% −0.01
TYL Tyler Technologies Inc. Reduce -33.6% 0.01% −0.01
CSW CSW Industrials Inc. Reduce -56.8% 0.00% −0.01
CRM Salesforce Inc. Reduce -11.3% 0.01% −0.01
SONY Sony Group Corp. - SP ADR Sold out 0.00% −0.01
APH Amphenol Corp. Class A Reduce -9.5% 0.06% −0.01
AMZN Amazon.com Inc. Reduce -1.4% 0.09% −0.01
ECL Ecolab Inc. Sold out 0.00% −0.01
MA Mastercard Inc. Class A Reduce -4.7% 0.04% −0.00
ITRI Itron Inc. Reduce -57.1% 0.00% −0.00
JPM JPMorgan Chase & Co. Reduce -25.8% 0.01% −0.00
IT Gartner Inc. Sold out 0.00% −0.00
PCH Potlatchdeltic Corp. Sold out 0.00% −0.00
EXPO Exponent Inc. Sold out 0.00% −0.00
VIRT Virtu Financial Inc. Class A Sold out 0.00% −0.00
ALC Alcon Inc. Sold out 0.00% −0.00
FBIN Fortune Brands Innovations I Sold out 0.00% −0.00
MCO Moody's Corp. Reduce -0.1% 0.03% −0.00
DVAX Dynavax Technologies Corp. Sold out 0.00% −0.00
NXPI NXP Semiconductors NV Reduce -31.3% 0.01% −0.00
NEE Nextera Energy Inc. Reduce -27.2% 0.02% −0.00
PWR Quanta Services Inc. Reduce -31.7% 0.04% −0.00
IBM Intl Business Machines Corp. Reduce -16.6% 0.01% −0.00
CCJ Cameco Corp. Reduce -32.4% 0.01% −0.00
PG The Procter & Gamble Co. Reduce -11.3% 0.03% −0.00
ZS Zscaler Inc. Reduce -2.1% 0.00% −0.00
SAN Banco Santander SA-Spon ADR Reduce -26.6% 0.00% −0.00
PANW Palo Alto Networks Inc. Reduce -15.5% 0.00% −0.00
B Barrick Mining Corp. Reduce -0.1% 0.12% −0.00
MAA Mid-America Apartment Comm Reduce -8.1% 0.01% −0.00
NSC Norfolk Southern Corp. Reduce -11.7% 0.01% −0.00

Portfolio Buys Q4 2025 → Q1 2026
WM Waste Management Inc. Add +65.6% 0.87% +0.40
AZN Astrazeneca PLC Add +0.5% 2.27% +0.28
CHD Church & Dwight Co. Inc. Add +0.3% 1.56% +0.24
SYK Stryker Corp. Add +15.8% 1.69% +0.22
LIN Linde PLC Add +0.8% 0.99% +0.19
CSCO Cisco Systems Inc. Add +2.6% 1.95% +0.17
UL Unilever PLC-Sponsored ADR Add +38.0% 0.64% +0.14
APD Air Products & Chemicals Inc. Add +5.3% 0.50% +0.12
TXN Texas Instruments Inc. Add +0.0% 0.70% +0.11
CRH CRH PLC Add +51.4% 0.39% +0.10
AZO AutoZone Inc. Add +0.1% 1.94% +0.10
FERG Ferguson Enterprises Inc. Add +1.1% 0.79% +0.09
CNI Canadian Natl Railway Co. Add +4.2% 0.58% +0.07
MRK Merck & Co. Inc. Add +11.7% 0.27% +0.07
SQM Quimica Y Minera Chil-SP ADR Add +9.5% 0.14% +0.04
COP Conocophillips New 0.03% +0.03
RIO Rio Tinto PLC-Spon ADR Add +0.8% 0.14% +0.03
HD Home Depot Inc. Add +7.4% 0.32% +0.03
KVUE Kenvue Inc. Add +0.0% 0.41% +0.02
ABBV Abbvie Inc. Add +0.2% 2.39% +0.02
NICE Nice Ltd. - Spon ADR Add +56.9% 0.05% +0.02
ROST Ross Stores Inc. Add +31.1% 0.03% +0.01
EME Emcor Group Inc. Add +52.3% 0.03% +0.01
PSX Phillips 66 Add +48.2% 0.02% +0.01
NKE Nike Inc. Class B Add +18.5% 0.26% +0.01
CPRT Copart Inc. Add +140.8% 0.02% +0.01
GEHC GE Healthcare Technology New 0.01% +0.01
ACM Aecom Add +163.1% 0.01% +0.01
GSK GSK PLC-Spon ADR Add +14.3% 0.03% +0.01
EMR Emerson Electric Co. Add +97.2% 0.01% +0.01
MU Micron Technology Inc. Add +83.7% 0.01% +0.00
WELL Welltower Inc. Add +13.3% 0.02% +0.00
RYN Rayonier Inc. New 0.00% +0.00
RSG Republic Services Inc. Add +1.5% 0.04% +0.00
GLW Corning Inc. New 0.00% +0.00
XOM Exxon Mobil Corp. New 0.00% +0.00
DOX Amdocs Ltd. New 0.00% +0.00
AMAT Applied Materials Inc. Add +34.2% 0.01% +0.00
CVX Chevron Corp. New 0.00% +0.00
URI United Rentals Inc. New 0.00% +0.00
CAT Caterpillar Inc. New 0.00% +0.00
V Visa Inc. Class A Add +36.5% 0.01% +0.00
ENPH Enphase Energy Inc. Add +4.2% 0.01% +0.00
D Dominion Energy Inc. Add +0.3% 0.01% +0.00
FSLR First Solar Inc. Add +33.0% 0.01% +0.00
SNN Smith & Nephew PLC -Spon ADR Add +10.1% 0.01% +0.00
SITM Sitime Corp. Add +1.0% 0.00% +0.00
FND Floor & Decor Holdings Inc. Class A Add +5.8% 0.01% −0.00
DHR Danaher Corp. Add +1.0% 0.02% −0.00
SAP Sap SE-Sponsored ADR Add +22.4% 0.07% −0.01

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