2026 Q2 Portfolio Activity
In 2026 Q2, Saratoga Research & Investment Management maintained a portfolio of 51 distinct positions. The most significant new addition was Honeywell Aerospace Inc., now representing 0.92% of the total fund value. They heavily accumulated shares in Eli Lilly & Co., increasing the position by 15.8%. The fund also reduced its exposure to Accenture PLC by 97.4%.
Position History
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Total Positions
51
Quarter
2026 Q2
Top Holding
GOOGL (9.7%)
Top 10 Concentration
64.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 51
Saratoga Research & Investment Management Full Holdings List — 2026 Q2
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
GOOGL
Alphabet Inc.
|
Communication Services | 9.75% | 9.96% |
#1
Prev: #1
|
6.4 |
—
|
-112,209 | -18.4% |
P
S
|
498,420 | $178,120,355 | 2015 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
NVO
Novo Nordisk A/...
|
Healthcare | 8.49% | 7.17% |
#2
2
Prev: #4
|
5.4 |
—
|
-200,320 | -5.8% |
P
S
|
3,236,009 | $155,134,271 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
BRK/B
Berkshire Hatha...
|
Financial Services | 7.06% | 7.40% |
#3
Prev: #3
|
4.3 |
—
|
-14,136 | -5.2% |
P
S
|
257,895 | $129,048,079 | 2010 Q1 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
MSFT
Microsoft Corp.
|
Technology | 6.82% | 7.75% |
#4
2
Prev: #2
|
3.7 |
—
|
-34,642 | -9.4% |
P
S
|
334,179 | $124,655,451 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
UL
Unilever PLC
|
Consumer Defensive | 6.53% | 6.06% |
#5
1
Prev: #6
|
5.1 |
—
|
113,071 | 6.0% |
P
S
|
1,986,430 | $119,424,172 | 2020 Q2 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
ASML
ASML Holding N....
|
Technology | 6.48% | 4.82% |
#6
2
Prev: #8
|
3.1 |
—
|
-4,775 | -7.4% |
P
S
|
59,510 | $118,391,574 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
DIS
Walt Disney Com...
|
Communication Services | 5.71% | 6.17% |
#7
2
Prev: #5
|
2.8 |
—
|
-44,618 | -4.0% |
P
S
|
1,083,810 | $104,316,713 | 2016 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
MDT
Medtronic PLC
|
Healthcare | 5.15% | 5.78% |
#8
1
Prev: #7
|
2.6 |
—
|
27,714 | 2.4% |
P
S
|
1,203,285 | $94,132,986 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
NVDA
NVIDIA Corp.
|
Technology | 4.21% | 3.33% |
#9
3
Prev: #12
|
3.7 |
—
|
48,141 | 14.3% |
P
S
|
384,865 | $77,007,638 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
JNJ
Johnson & Johns...
|
Healthcare | 3.87% | 4.71% |
#10
1
Prev: #9
|
2.0 |
—
|
-60,982 | -18.0% |
P
S
|
278,459 | $70,720,232 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
LLY
Eli Lilly & Co.
|
Healthcare | 3.53% | 2.43% |
#11
6
Prev: #17
|
3.4 |
—
|
7,337 | 15.8% |
P
S
|
53,862 | $64,603,699 | 2017 Q3 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
GD
General Dynamic...
|
Industrials | 3.50% | 3.78% |
#12
2
Prev: #10
|
1.9 |
—
|
-13,848 | -7.1% |
P
S
|
180,394 | $63,902,771 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
RHHBY
Roche Holding A...
|
Healthcare | 3.34% | 3.64% |
#13
2
Prev: #11
|
1.8 |
—
|
-102,943 | -8.0% |
P
S
|
1,188,687 | $61,039,077 | 2021 Q1 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
SBUX
Starbucks Corp.
|
Consumer Cyclical | 3.29% | 3.20% |
#14
1
Prev: #13
|
1.8 |
—
|
-41,913 | -6.7% |
P
S
|
587,872 | $60,074,640 | 2016 Q2 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
V
Visa Inc
|
Financial Services | 2.77% | 2.68% |
#15
1
Prev: #16
|
1.6 |
—
|
-8,594 | -5.5% |
P
S
|
147,779 | $50,701,497 | 2017 Q3 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
PG
The Procter & G...
|
Consumer Defensive | 2.72% | 2.95% |
#16
2
Prev: #14
|
1.6 |
—
|
-21,584 | -6.0% |
P
S
|
338,641 | $49,658,316 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
RTX
RTX Corp.
|
Industrials | 2.53% | 2.84% |
#17
2
Prev: #15
|
1.5 |
—
|
-15,624 | -6.0% |
P
S
|
243,447 | $46,189,199 | 2020 Q2 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
CHRW
C.H. Robinson W...
|
Industrials | 2.42% | 2.37% |
#18
Prev: #18
|
1.5 |
—
|
-16,732 | -6.6% |
P
S
|
235,112 | $44,280,994 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
HD
Home Depot Inc.
|
Consumer Cyclical | 1.64% | 1.66% |
#19
1
Prev: #20
|
1.2 |
—
|
-3,930 | -4.4% |
P
S
|
84,878 | $29,934,773 | 2021 Q1 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
AAPL
Apple Inc.
|
Technology | 1.59% | 1.61% |
#20
1
Prev: #21
|
1.1 |
—
|
-11,583 | -10.3% |
P
S
|
100,400 | $29,051,744 | 2013 Q2 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
DEO
Diageo PLC
|
Consumer Defensive | 1.59% | 1.60% |
#21
1
Prev: #22
|
1.1 |
—
|
-17,103 | -4.5% |
P
S
|
361,038 | $29,020,234 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
PEP
Pepsico Inc
|
Consumer Defensive | 1.22% | 1.53% |
#22
1
Prev: #23
|
1.0 |
—
|
-8,589 | -5.0% |
P
S
|
164,728 | $22,304,187 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
BIL
SPDR Bloomberg ...
|
ETF | 1.08% | 1.12% |
#23
2
Prev: #25
|
0.9 |
—
|
-68 | -0.0% |
P
S
|
215,009 | $19,703,425 | 2024 Q3 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
HON
Honeywell Inter...
|
Industrials | 0.93% | 2.13% |
#24
5
Prev: #19
|
0.4 |
—
|
-90,156 | -54.3% |
P
S
|
75,789 | $16,969,157 | 2024 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
HONA
Honeywell Aeros...
|
Industrials | 0.92% | — |
#25
Prev: #—
|
3.9 |
—
|
75,656 | — |
NEW
|
75,656 | $16,726,028 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
CL
Colgate-Palmoli...
|
Consumer Defensive | 0.88% | 0.92% |
#26
Prev: #26
|
0.9 |
—
|
-14,492 | -7.6% |
P
S
|
175,603 | $16,099,283 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
ISRG
Intuitive Surgi...
|
Healthcare | 0.83% | — |
#27
Prev: #—
|
3.8 |
—
|
38,044 | — |
NEW
|
38,044 | $15,129,338 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
EMR
Emerson Electri...
|
Industrials | 0.56% | — |
#28
Prev: #—
|
3.7 |
—
|
71,924 | — |
NEW
|
71,924 | $10,295,921 | 2017 Q3 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
JQUA
JPMorgan US Qua...
|
ETF | 0.08% | 0.01% |
#29
15
Prev: #44
|
3.0 |
—
|
15,883 | 466.3% |
P
S
|
19,289 | $1,394,209 | 2022 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
BCML
Baycom Corp
|
Financial Services | 0.06% | — |
#30
Prev: #—
|
3.5 |
—
|
32,035 | — |
NEW
|
32,035 | $1,053,952 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
GOOG
Alphabet Inc.
|
Communication Services | 0.05% | 0.05% |
#31
2
Prev: #29
|
0.5 |
—
|
-84 | -2.9% |
P
S
|
2,829 | $999,571 | 2014 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
KO
Coca-Cola Co (T...
|
Consumer Defensive | 0.04% | 0.04% |
#32
Prev: #32
|
1.0 |
—
|
no change | no change |
P
S
|
9,849 | $800,428 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
AMGN
Amgen Inc.
|
Healthcare | 0.04% | 0.05% |
#33
3
Prev: #30
|
0.5 |
—
|
-125 | -5.4% |
P
S
|
2,181 | $789,784 | 2018 Q1 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
IBM
International B...
|
Technology | 0.04% | 0.04% |
#34
1
Prev: #33
|
0.5 |
—
|
-109 | -4.0% |
P
S
|
2,624 | $737,895 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
APH
Amphenol Corpor...
|
Technology | 0.04% | 0.03% |
#35
1
Prev: #36
|
0.5 |
—
|
-44 | -1.1% |
P
S
|
3,958 | $697,875 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
ZTS
Zoetis Inc.
|
Healthcare | 0.03% | 0.06% |
#36
8
Prev: #28
|
0.5 |
—
|
-67 | -0.8% |
P
S
|
8,249 | $592,773 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
CSCO
Cisco Systems, ...
|
Technology | 0.03% | 0.05% |
#37
6
Prev: #31
|
0.0 |
—
|
-5,820 | -56.4% |
P
S
|
4,493 | $527,748 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
VNQ
Vanguard Index ...
|
ETF | 0.03% | 0.03% |
#38
1
Prev: #37
|
1.0 |
—
|
no change | no change |
P
S
|
5,414 | $522,072 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
AMZN
Amazon.com, Inc...
|
Consumer Cyclical | 0.03% | 0.02% |
#39
1
Prev: #40
|
1.0 |
—
|
no change | no change |
P
S
|
2,000 | $476,680 | 2019 Q2 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
LOW
Lowes Companies...
|
Consumer Cyclical | 0.02% | 0.03% |
#40
2
Prev: #38
|
0.5 |
—
|
15 | 0.8% |
P
S
|
2,008 | $442,744 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
ACN
Accenture PLC
|
Technology | 0.02% | 1.50% |
#41
17
Prev: #24
|
0.0 |
—
|
-130,142 | -97.4% |
P
S
|
3,518 | $437,780 | 2012 Q3 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
LMT
Lockheed Martin...
|
Industrials | 0.02% | 0.02% |
#42
3
Prev: #39
|
1.0 |
—
|
no change | no change |
P
S
|
695 | $354,075 | 2021 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
TROW
Price T Rowe Gr...
|
Financial Services | 0.02% | 0.02% |
#43
1
Prev: #42
|
1.0 |
—
|
no change | no change |
P
S
|
2,977 | $338,455 | 2022 Q1 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
PAYX
Paychex Inc
|
Technology | 0.02% | 0.02% |
#44
3
Prev: #41
|
0.5 |
—
|
-535 | -13.8% |
P
S
|
3,349 | $329,307 | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
NVS
Novartis AG
|
Healthcare | 0.01% | 0.01% |
#45
2
Prev: #43
|
1.0 |
—
|
no change | no change |
P
S
|
1,490 | $233,513 | 2012 Q3 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
MO
Altria Group, I...
|
Consumer Defensive | 0.01% | — |
#46
Prev: #—
|
3.5 |
—
|
2,920 | — |
NEW
|
2,920 | $210,094 | 2010 Q3 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
UBFO
United Security...
|
Financial Services | 0.00% | 0.01% |
Sold All 😨
(Was: #46) |
0.0 |
—
|
-11,000 | -100.0% |
CLOSED
|
— | $— | 2020 Q1 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
EPD
Enterprise Prod...
|
Energy | 0.00% | 0.01% |
Sold All 😨
(Was: #45) |
0.0 |
—
|
-5,376 | -100.0% |
CLOSED
|
— | $— | 2012 Q3 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
SYY
Sysco Corporati...
|
Consumer Defensive | 0.00% | 0.03% |
Sold All 😨
(Was: #35) |
0.0 |
—
|
-7,284 | -100.0% |
CLOSED
|
— | $— | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 | |||
|
ADBE
Adobe Inc
|
Technology | 0.00% | 0.03% |
Sold All 😨
(Was: #34) |
0.0 |
—
|
-2,221 | -100.0% |
CLOSED
|
— | $— | 2009 Q4 | 13F Filing | 2026-06-30 | 2026-07-23 |
Showing 1-50 of 51 holdings