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Saratoga Research & Investment Management

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13F filer, CIK 1477872, SARATOGA, CA

Saratoga Research & Investment Management reported $1,827,574,708 across 46 holdings for the quarter ended 2026-06-30, in a 13F-HR filed 2026-07-23. Its ten largest share positions make up 64.07% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001477872-26-000004

Period
2026-06-30
Reported value
$1.83B
Holdings
46
Top 10 weight
64.07%
New
6
Sold out
6

Largest buys vs the previous quarter

SecurityShares changeApprox. value
HONnew+75,789$17M
HONAnew+75,656$16.7M
ISRGnew+38,044$15.1M
EMRnew+71,924$10.3M
NVDAadded+48,141$9.63M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
GOOGLreduced-112,209-$40.1M
HONexited-165,945-$37.5M
ACNreduced-130,142-$16.2M
JNJreduced-60,982-$15.5M
MSFTreduced-34,642-$12.9M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2026

Share positions as resolved from 13F-HR 0001477872-26-000004, largest first. % of portfolio is the value over $1,827,574,709, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 932,640 shares; 2024Q4: 839,596 shares; 2025Q1: 836,300 shares; 2025Q2: 831,445 shares; 2025Q3: 789,168 shares; 2025Q4: 719,847 shares; 2026Q1: 610,629 shares; 2026Q2: 498,420 shares 498,420$178M9.75%-112,209Timeline
NVONOVO-NORDISK A SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 708,519 shares; 2024Q4: 700,634 shares; 2025Q1: 1,454,160 shares; 2025Q2: 1,512,677 shares; 2025Q3: 1,853,707 shares; 2025Q4: 1,852,566 shares; 2026Q1: 3,436,329 shares; 2026Q2: 3,236,009 shares 3,236,009$155M8.49%-200,320Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 326,548 shares; 2024Q4: 278,612 shares; 2025Q1: 278,541 shares; 2025Q2: 258,265 shares; 2025Q3: 268,008 shares; 2025Q4: 263,262 shares; 2026Q1: 272,031 shares; 2026Q2: 257,895 shares 257,895$129M7.06%-14,136Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 359,519 shares; 2024Q4: 313,457 shares; 2025Q1: 321,058 shares; 2025Q2: 318,079 shares; 2025Q3: 303,466 shares; 2025Q4: 298,708 shares; 2026Q1: 368,821 shares; 2026Q2: 334,179 shares 334,179$125M6.82%-34,642Timeline
ULUNILEVER PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,853,095 shares; 2026Q1: 1,873,359 shares; 2026Q2: 1,986,430 shares 1,986,430$119M6.53%+113,071Timeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,078 shares; 2024Q4: 54,351 shares; 2025Q1: 74,805 shares; 2025Q2: 75,008 shares; 2025Q3: 73,830 shares; 2025Q4: 70,236 shares; 2026Q1: 64,285 shares; 2026Q2: 59,510 shares 59,510$118M6.48%-4,775Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,536,008 shares; 2024Q4: 1,347,733 shares; 2025Q1: 1,358,068 shares; 2025Q2: 1,253,656 shares; 2025Q3: 1,021,831 shares; 2025Q4: 1,023,783 shares; 2026Q1: 1,128,428 shares; 2026Q2: 1,083,810 shares 1,083,810$104M5.71%-44,618Timeline
MDTMEDTRONIC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,356,045 shares; 2024Q4: 1,130,258 shares; 2025Q1: 1,181,178 shares; 2025Q2: 1,181,002 shares; 2025Q3: 1,170,942 shares; 2025Q4: 1,155,146 shares; 2026Q1: 1,175,571 shares; 2026Q2: 1,203,285 shares 1,203,285$94.1M5.15%+27,714Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 96,265 shares; 2025Q2: 102,161 shares; 2025Q3: 99,805 shares; 2025Q4: 112,283 shares; 2026Q1: 336,724 shares; 2026Q2: 384,865 shares 384,865$77M4.21%+48,141Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 532,439 shares; 2024Q4: 520,352 shares; 2025Q1: 504,419 shares; 2025Q2: 501,415 shares; 2025Q3: 485,620 shares; 2025Q4: 460,223 shares; 2026Q1: 339,441 shares; 2026Q2: 278,459 shares 278,459$70.7M3.87%-60,982Timeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: 31,307 shares; 2025Q1: 30,436 shares; 2025Q2: 37,233 shares; 2025Q3: 61,459 shares; 2025Q4: 48,155 shares; 2026Q1: 46,525 shares; 2026Q2: 53,862 shares 53,862$64.6M3.53%+7,337Timeline
GDGENERAL DYNAMICS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 241,290 shares; 2024Q4: 232,952 shares; 2025Q1: 214,865 shares; 2025Q2: 206,088 shares; 2025Q3: 197,443 shares; 2025Q4: 188,679 shares; 2026Q1: 194,242 shares; 2026Q2: 180,394 shares 180,394$63.9M3.5%-13,848Timeline
RHHBYROCHE HOLDINGS LTD-SPONS ADRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 2,325,810 shares; 2024Q4: 2,174,306 shares; 2025Q1: 2,022,209 shares; 2025Q2: 1,978,134 shares; 2025Q3: 1,920,085 shares; 2025Q4: 1,832,770 shares; 2026Q1: 1,291,630 shares; 2026Q2: 1,188,687 shares 1,188,687$61M3.34%-102,943Timeline
SBUXSTARBUCKS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 548,722 shares; 2024Q4: 530,477 shares; 2025Q1: 508,486 shares; 2025Q2: 510,482 shares; 2025Q3: 621,908 shares; 2025Q4: 593,466 shares; 2026Q1: 629,785 shares; 2026Q2: 587,872 shares 587,872$60.1M3.29%-41,913Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 184,522 shares; 2024Q4: 175,677 shares; 2025Q1: 166,155 shares; 2025Q2: 121,642 shares; 2025Q3: 116,596 shares; 2025Q4: 111,697 shares; 2026Q1: 156,373 shares; 2026Q2: 147,779 shares 147,779$50.7M2.77%-8,594Timeline
PGPROCTER & GAMBLE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 170,571 shares; 2024Q4: 166,693 shares; 2025Q1: 163,513 shares; 2025Q2: 208,643 shares; 2025Q3: 223,896 shares; 2025Q4: 218,125 shares; 2026Q1: 360,225 shares; 2026Q2: 338,641 shares 338,641$49.7M2.72%-21,584Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,459,106 shares; 2024Q4: 1,127,118 shares; 2025Q1: 625,274 shares; 2025Q2: 418,167 shares; 2025Q3: 329,256 shares; 2025Q4: 313,003 shares; 2026Q1: 259,071 shares; 2026Q2: 243,447 shares 243,447$46.2M2.53%-15,624Timeline
CHRWC H ROBINSON WORLDWIDE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 516,906 shares; 2024Q4: 474,895 shares; 2025Q1: 454,427 shares; 2025Q2: 443,311 shares; 2025Q3: 327,131 shares; 2025Q4: 307,641 shares; 2026Q1: 251,844 shares; 2026Q2: 235,112 shares 235,112$44.3M2.42%-16,732Timeline
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 148,551 shares; 2024Q4: 105,859 shares; 2025Q1: 101,332 shares; 2025Q2: 99,605 shares; 2025Q3: 95,674 shares; 2025Q4: 91,391 shares; 2026Q1: 88,808 shares; 2026Q2: 84,878 shares 84,878$29.9M1.64%-3,930Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 332,200 shares; 2024Q4: 314,141 shares; 2025Q1: 237,442 shares; 2025Q2: 133,633 shares; 2025Q3: 124,335 shares; 2025Q4: 115,542 shares; 2026Q1: 111,983 shares; 2026Q2: 100,400 shares 100,400$29.1M1.59%-11,583Timeline
DEODIAGEO PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 366,966 shares; 2024Q4: 333,433 shares; 2025Q1: 342,699 shares; 2025Q2: 341,086 shares; 2025Q3: 336,548 shares; 2025Q4: 271,058 shares; 2026Q1: 378,141 shares; 2026Q2: 361,038 shares 361,038$29M1.59%-17,103Timeline
PEPPEPSICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 175,383 shares; 2024Q4: 164,944 shares; 2025Q1: 165,530 shares; 2025Q2: 167,435 shares; 2025Q3: 181,505 shares; 2025Q4: 172,282 shares; 2026Q1: 173,317 shares; 2026Q2: 164,728 shares 164,728$22.3M1.22%-8,589Timeline
BILSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 242,150 shares; 2024Q4: 256,411 shares; 2025Q1: 253,288 shares; 2025Q2: 249,882 shares; 2025Q3: 245,697 shares; 2025Q4: 225,181 shares; 2026Q1: 215,077 shares; 2026Q2: 215,009 shares 215,009$19.7M1.08%-68Timeline
HONHONEYWELL INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 75,789 shares 75,789$17M0.93%newTimeline
HONAHONEYWELL AEROSPACE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 75,656 shares 75,656$16.7M0.92%newTimeline
CLCOLGATE PALMOLIVE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 134,944 shares; 2024Q4: 126,467 shares; 2025Q1: 193,556 shares; 2025Q2: 195,696 shares; 2025Q3: 194,095 shares; 2025Q4: 186,563 shares; 2026Q1: 190,095 shares; 2026Q2: 175,603 shares 175,603$16.1M0.88%-14,492Timeline
ISRGINTUITIVE SURGICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 38,044 shares 38,044$15.1M0.83%newTimeline
EMREMERSON ELEC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 71,924 shares 71,924$10.3M0.56%newTimeline
JQUAJ P MORGAN EXCHANGE TRADED FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: 131,175 shares; 2025Q1: 5,679 shares; 2025Q2: 18,382 shares; 2025Q3: 3,492 shares; 2025Q4: 162,442 shares; 2026Q1: 3,406 shares; 2026Q2: 19,289 shares 19,289$1.39M0.08%+15,883Timeline
BCMLBAYCOM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 32,035 shares 32,035$1.05M0.06%newTimeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 12,807 shares; 2024Q4: 8,019 shares; 2025Q1: 7,352 shares; 2025Q2: 4,934 shares; 2025Q3: 4,257 shares; 2025Q4: 4,239 shares; 2026Q1: 2,913 shares; 2026Q2: 2,829 shares 2,829$1000K0.05%-84Timeline
KOCOCA COLA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 94,392 shares; 2024Q4: 92,167 shares; 2025Q1: 9,895 shares; 2025Q2: 9,895 shares; 2025Q3: 9,895 shares; 2025Q4: 9,849 shares; 2026Q1: 9,849 shares; 2026Q2: 9,849 shares 9,849$800K0.04%0Timeline
AMGNAMGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 2,526 shares; 2024Q4: 2,318 shares; 2025Q1: 2,318 shares; 2025Q2: 2,358 shares; 2025Q3: 2,358 shares; 2025Q4: 2,358 shares; 2026Q1: 2,306 shares; 2026Q2: 2,181 shares 2,181$790K0.04%-125Timeline
IBMINTERNATIONAL BUSINESS MACHSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 2,968 shares; 2024Q4: 2,738 shares; 2025Q1: 2,738 shares; 2025Q2: 2,738 shares; 2025Q3: 2,738 shares; 2025Q4: 2,733 shares; 2026Q1: 2,733 shares; 2026Q2: 2,624 shares 2,624$738K0.04%-109Timeline
APHAMPHENOL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 4,005 shares; 2026Q1: 4,002 shares; 2026Q2: 3,958 shares 3,958$698K0.04%-44Timeline
ZTSZOETIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 98,597 shares; 2025Q3: 110,018 shares; 2025Q4: 7,400 shares; 2026Q1: 8,316 shares; 2026Q2: 8,249 shares 8,249$593K0.03%-67Timeline
CSCOCISCO SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 504,119 shares; 2024Q4: 35,104 shares; 2025Q1: 16,686 shares; 2025Q2: 16,723 shares; 2025Q3: 10,761 shares; 2025Q4: 10,737 shares; 2026Q1: 10,313 shares; 2026Q2: 4,493 shares 4,493$528K0.03%-5,820Timeline
VNQVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 5,414 shares; 2026Q2: 5,414 shares 5,414$522K0.03%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 2,000 shares; 2024Q4: 2,000 shares; 2025Q1: 2,000 shares; 2025Q2: 2,000 shares; 2025Q3: 2,000 shares; 2025Q4: 2,000 shares; 2026Q1: 2,000 shares; 2026Q2: 2,000 shares 2,000$477K0.03%0Timeline
LOWLOWES COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,992 shares; 2026Q1: 1,993 shares; 2026Q2: 2,008 shares 2,008$443K0.02%+15Timeline
ACNACCENTURE PLC IRELANDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 163,861 shares; 2024Q4: 155,676 shares; 2025Q1: 150,639 shares; 2025Q2: 149,552 shares; 2025Q3: 146,168 shares; 2025Q4: 135,584 shares; 2026Q1: 133,660 shares; 2026Q2: 3,518 shares 3,518$438K0.02%-130,142Timeline
LMTLOCKHEED MARTIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 815 shares; 2024Q4: 695 shares; 2025Q1: 695 shares; 2025Q2: 695 shares; 2025Q3: 695 shares; 2025Q4: 695 shares; 2026Q1: 695 shares; 2026Q2: 695 shares 695$354K0.02%0Timeline
TROWPRICE T ROWE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 2,506 shares; 2024Q4: 2,736 shares; 2025Q1: 2,588 shares; 2025Q2: 2,986 shares; 2025Q3: 2,986 shares; 2025Q4: 2,977 shares; 2026Q1: 2,977 shares; 2026Q2: 2,977 shares 2,977$338K0.02%0Timeline
PAYXPAYCHEX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 4,712 shares; 2024Q4: 3,882 shares; 2025Q1: 3,882 shares; 2025Q2: 3,882 shares; 2025Q3: 3,882 shares; 2025Q4: 3,882 shares; 2026Q1: 3,884 shares; 2026Q2: 3,349 shares 3,349$329K0.02%-535Timeline
NVSNOVARTIS AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,490 shares; 2026Q1: 1,490 shares; 2026Q2: 1,490 shares 1,490$234K0.01%0Timeline
MOALTRIA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 2,920 shares 2,920$210K0.01%newTimeline

Sold out in Q2 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
HONHONEYWELL INTL INC165,945$37.5Mshares
NKENIKE INC116,594$6.16Mshares
ADBEADOBE INC2,221$540Kshares
SYYSYSCO CORP7,284$520Kshares
EPDENTERPRISE PRODS PARTNERS L5,376$203Kshares
UBFOUNITED SEC BANCSHARES CALIF11,000$116Kshares

How Q2 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001477872-26-000004 base2026-07-23acceptance time not in the bulk data set