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Asset Manager ← All Institutions

Saratoga Research & Investment Management

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

Q3 2025 · Filed 2025-11-17
Market Value
$1.9B
+2.9%
Holdings
44
-1
New Purchases
0
Added To
8
Closed
1
Reduced
27
Top 10 Concentration
63.0%
Turnover
2.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 9.98% 7.84% +2.13% $192M
LLY 2.44% 1.55% +0.89% $47M
JNJ 4.68% 4.10% +0.58% $90M
ASML 3.72% 3.22% +0.50% $71M
BRK-B 7.01% 6.72% +0.29% $135M
MDT 5.80% 5.51% +0.29% $112M
GD 3.50% 3.22% +0.28% $67M
SBUX 2.74% 2.50% +0.23% $53M
HON 0.92% 0.72% +0.20% $18M
AAPL 1.65% 1.47% +0.18% $32M
PEP 1.33% 1.18% +0.14% $25M
NVDA 0.97% 0.86% +0.10% $19M
HD 2.02% 1.96% +0.06% $39M
ZTS 0.84% 0.82% +0.01% $16M
PG 1.79% 1.78% +0.01% $34M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DIS 6.09% 8.32% -2.24% $117M
UL 6.50% 7.06% -0.56% $125M
NKE 0.45% 0.97% -0.52% $9M
ACN 1.87% 2.39% -0.52% $36M
RTX 2.87% 3.27% -0.40% $55M
MSFT 8.18% 8.47% -0.29% $157M
V 2.07% 2.31% -0.24% $40M
NVO 5.35% 5.59% -0.24% $103M
DEO 1.67% 1.84% -0.17% $32M
CL 0.81% 0.95% -0.15% $16M
RHHBY 4.18% 4.32% -0.14% $80M
ADBE 0.77% 0.90% -0.14% $15M
ORCL 5.21% 5.28% -0.07% $100M
BIL 1.17% 1.23% -0.05% $23M
JQUA 0.01% 0.06% -0.05% $220K

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 $1.1B 59.1%
Large Cap 21 $785M 40.9%
Mid Cap 1 $220K 0.0%
Micro Cap 1 $103K 0.0%

Portfolio Analytics

Avg Market Cap
$789.1B
Median Market Cap
$191.5B
Avg P/E
26.8
Median P/E
24.8
Avg Dividend Yield
0.02%
Avg Beta
0.79
# Stocks
42
# ETFs / Funds
2

Top Holdings (44 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GOOGL 9.98% 789,168 $192M $243.10 $45M -42,277 -5.1%
2 MSFT 8.18% 303,466 $157M $517.95 -$1M -14,613 -4.6%
3 BRK-B 7.01% 268,008 $135M $502.74 $9M +9,743 +3.8%
4 UL 6.50% 2,108,717 $125M $59.28 -$7M -48,378 -2.2%
5 DIS 6.09% 1,021,831 $117M $114.50 -$38M -231,825 -18.5%
6 MDT 5.80% 1,170,942 $112M $95.24 $9M -10,060 -0.8%
7 NVO 5.35% 1,853,707 $103M $55.49 -$2M +341,030 +22.5%
8 ORCL 5.21% 355,900 $100M $281.24 $2M -95,020 -21.1%
9 JNJ 4.68% 485,620 $90M $185.42 $13M -15,795 -3.1%
10 RHHBY 4.18% 1,920,085 $80M $41.81 -$350K -58,049 -2.9%
11 ASML 3.72% 73,830 $71M $968.09 $11M -1,178 -1.6%
12 GD 3.50% 197,443 $67M $341.00 $7M -8,645 -4.2%
13 RTX 2.87% 329,256 $55M $167.33 -$6M -88,911 -21.3%
14 SBUX 2.74% 621,908 $53M $84.60 $6M +111,426 +21.8%
15 LLY 2.44% 61,459 $47M $763.00 $18M +24,226 +65.1%
16 CHRW 2.25% 327,131 $43M $132.40 $776K -116,180 -26.2%
17 V 2.07% 116,596 $40M $341.38 -$3M -5,046 -4.2%
18 HD 2.02% 95,674 $39M $405.19 $2M -3,931 -4.0%
19 ACN 1.87% 146,168 $36M $246.60 -$9M -3,384 -2.3%
20 PG 1.79% 223,896 $34M $153.65 $1M +15,253 +7.3%
21 DEO 1.67% 336,548 $32M $95.43 -$2M -4,538 -1.3%
22 AAPL 1.65% 124,335 $32M $254.63 $4M -9,298 -7.0%
23 PEP 1.33% 181,505 $25M $140.44 $3M +14,070 +8.4%
24 BIL 1.17% 245,697 $23M $91.75 -$379K -4,185 -1.7%
25 NVDA 0.97% 99,805 $19M $186.58 $2M -2,356 -2.3%
26 HON 0.92% 84,226 $18M $210.50 $4M +26,301 +45.4%
27 WMT 0.87% 162,620 $17M $103.06 -$342K -12,280 -7.0%
28 ZTS 0.84% 110,018 $16M $146.32 $722K +11,421 +11.6%
29 CL 0.81% 194,095 $16M $79.94 -$2M -1,601 -0.8%
30 ADBE 0.77% 41,704 $15M $352.75 -$2M -1,930 -4.4%
31 NKE 0.45% 123,790 $9M $69.73 -$10M -131,711 -51.5%
32 GOOG 0.05% 4,257 $1M $243.55 $162K -677 -13.7%
33 IBM 0.04% 2,738 $773K $282.16 -$35K
34 CSCO 0.04% 10,761 $736K $68.42 -$424K -5,962 -35.6%
35 AMGN 0.03% 2,358 $665K $282.20 $7K
36 KO 0.03% 9,895 $656K $66.32 -$44K
37 SYY 0.03% 7,317 $602K $82.34 $44K -55 -0.8%
38 PAYX 0.03% 3,882 $492K $126.76 -$73K
39 AMZN 0.02% 2,000 $439K $219.57 $360
40 LMT 0.02% 695 $347K $499.21 $25K
41 TROW 0.02% 2,986 $306K $102.64 $18K
42 JQUA 0.01% 3,492 $220K $62.91 -$884K -14,890 -81.0%
43 UBFO 0.01% 11,000 $103K $9.33 $7K
44 CTSH —% -$580K -7,428 -100.0% SOLD

Sold Out Positions

SymbolValue% Port
CTSH —%
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