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Asset Manager ← All Institutions

Saratoga Research & Investment Management

14471 BIG BASIN WAY SUITE E, SARATOGA, CA 95070 • (408) 741-2330

Q2 2025 · Filed 2025-08-20
Market Value
$1.9B
-1.4%
Holdings
45
New Purchases
1
Added To
13
Closed
1
Reduced
22
Top 10 Concentration
63.2%
Turnover
4.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 8.47% 6.36% +2.11% $158M
DIS 8.32% 7.08% +1.25% $155M
GOOGL 7.84% 6.83% +1.02% $147M
ORCL 5.28% 4.37% +0.91% $99M
ZTS 0.82% 0.00% +0.82% $15M
ASML 3.22% 2.62% +0.60% $60M
NVDA 0.86% 0.55% +0.31% $16M
PG 1.78% 1.47% +0.31% $33M
NVO 5.59% 5.33% +0.26% $104M
LLY 1.55% 1.33% +0.23% $29M
GD 3.22% 3.09% +0.13% $60M
HON 0.72% 0.61% +0.11% $13M
JQUA 0.06% 0.02% +0.04% $1M
CSCO 0.06% 0.05% +0.01% $1M
IBM 0.04% 0.04% +0.01% $807K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 1.47% 2.78% -1.32% $27M
NKE 0.97% 2.19% -1.22% $18M
BRK-B 6.72% 7.83% -1.11% $125M
RTX 3.27% 4.37% -1.10% $61M
WMT 0.92% 1.87% -0.95% $17M
V 2.31% 3.07% -0.76% $43M
ADBE 0.90% 1.42% -0.52% $17M
JNJ 4.10% 4.42% -0.32% $77M
CHRW 2.28% 2.46% -0.18% $43M
SBUX 2.50% 2.63% -0.13% $47M
PEP 1.18% 1.31% -0.13% $22M
MDT 5.51% 5.60% -0.09% $103M
ACN 2.39% 2.48% -0.09% $45M
RHHBY 4.32% 4.39% -0.08% $81M
DEO 1.84% 1.90% -0.05% $34M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Healthcare 25.4%
Technology 20.4%
Communication Services 17.2%
Financial Services 12.0%
Industrials 11.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 21 $1.0B 55.5%
Large Cap 22 $831M 44.5%
Mid Cap 1 $1M 0.1%
Micro Cap 1 $95K 0.0%

Portfolio Analytics

Avg Market Cap
$772.8B
Median Market Cap
$183.1B
Avg P/E
27.0
Median P/E
24.8
Avg Dividend Yield
0.02%
Avg Beta
0.78
# Stocks
43
# ETFs / Funds
2

Top Holdings (45 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 8.47% 318,079 $158M $497.41 $38M -2,979 -0.9%
2 DIS 8.32% 1,253,656 $155M $124.01 $21M -104,412 -7.7%
3 GOOGL 7.84% 831,445 $147M $176.23 $17M -4,855 -0.6%
4 UL 7.06% 2,157,095 $132M $61.17 -$2M -100,343 -4.4%
5 BRK-B 6.72% 258,265 $125M $485.77 -$23M -20,276 -7.3%
6 NVO 5.59% 1,512,677 $104M $69.02 $3M +58,517 +4.0%
7 MDT 5.51% 1,181,002 $103M $87.17 -$3M -176 -0.0%
8 ORCL 5.28% 450,920 $99M $218.63 $16M -140,807 -23.8%
9 RHHBY 4.32% 1,978,134 $81M $40.76 -$3M -44,075 -2.2%
10 JNJ 4.10% 501,415 $77M $152.75 -$7M -3,004 -0.6%
11 RTX 3.27% 418,167 $61M $146.02 -$22M -207,107 -33.1%
12 ASML 3.22% 75,008 $60M $801.39 $11M +203 +0.3%
13 GD 3.22% 206,088 $60M $291.66 $2M -8,777 -4.1%
14 SBUX 2.50% 510,482 $47M $91.63 -$3M +1,996 +0.4%
15 ACN 2.39% 149,552 $45M $298.89 -$2M -1,087 -0.7%
16 V 2.31% 121,642 $43M $355.05 -$15M -44,513 -26.8%
17 CHRW 2.28% 443,311 $43M $95.95 -$4M -11,116 -2.5%
18 HD 1.96% 99,605 $37M $366.64 -$618K -1,727 -1.7%
19 DEO 1.84% 341,086 $34M $100.84 -$2M -1,613 -0.5%
20 PG 1.78% 208,643 $33M $159.32 $5M +45,130 +27.6%
21 LLY 1.55% 37,233 $29M $779.53 $4M +6,797 +22.3%
22 AAPL 1.47% 133,633 $27M $205.17 -$25M -103,809 -43.7%
23 BIL 1.23% 249,882 $23M $91.73 -$312K -3,406 -1.3%
24 PEP 1.18% 167,435 $22M $132.04 -$3M +1,905 +1.1%
25 NKE 0.97% 255,501 $18M $71.04 -$23M -398,812 -61.0%
26 CL 0.95% 195,696 $18M $90.90 -$347K +2,140 +1.1%
27 WMT 0.92% 174,900 $17M $97.78 -$18M -227,831 -56.6%
28 ADBE 0.90% 43,634 $17M $386.88 -$10M -26,551 -37.8%
29 NVDA 0.86% 102,161 $16M $157.99 $6M +5,896 +6.1%
30 ZTS 0.82% 98,597 $15M $155.95 +98,597 NEW
31 HON 0.72% 57,925 $13M $232.88 $2M +3,585 +6.6%
32 CSCO 0.06% 16,723 $1M $69.38 $131K +37 +0.2%
33 JQUA 0.06% 18,382 $1M $60.05 $783K +12,703 +223.7%
34 GOOG 0.05% 4,934 $875K $177.39 -$273K -2,418 -32.9%
35 IBM 0.04% 2,738 $807K $294.78 $126K
36 KO 0.04% 9,895 $700K $70.75 -$9K
37 AMGN 0.04% 2,358 $658K $279.21 -$64K +40 +1.7%
38 CTSH 0.03% 7,428 $580K $78.03 $11K
39 PAYX 0.03% 3,882 $565K $145.46 -$34K
40 SYY 0.03% 7,372 $558K $75.74 $5K
41 AMZN 0.02% 2,000 $439K $219.39 $58K
42 LMT 0.02% 695 $322K $463.14 $11K
43 TROW 0.02% 2,986 $288K $96.50 $50K +398 +15.4%
44 UBFO 0.01% 11,000 $95K $8.65 -$3K
45 BDX —% -$220K -961 -100.0% SOLD

New Positions

SymbolValue% Port
ZTS $15M 0.82%

Sold Out Positions

SymbolValue% Port
BDX —%
View SEC EDGAR Filings for Saratoga Research & Investment Management →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms