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Asset Manager ← All Institutions

Saratoga Research & Investment Management

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

Q4 2025 · Filed 2026-02-05
Market Value
$1.8B
-7.1%
Holdings
47
+3
New Purchases
4
Added To
4
Closed
1
Reduced
33
Top 10 Concentration
64.7%
Turnover
10.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 12.61% 9.98% +2.63% $225M
RHHBY 5.29% 4.18% +1.11% $95M
JNJ 5.33% 4.68% +0.65% $95M
HON 1.53% 0.92% +0.60% $27M
JQUA 0.57% 0.01% +0.56% $10M
CHRW 2.77% 2.25% +0.52% $49M
ASML 4.21% 3.72% +0.49% $75M
LLY 2.90% 2.44% +0.46% $52M
DIS 6.52% 6.09% +0.43% $116M
MDT 6.21% 5.80% +0.41% $111M
BRK-B 7.41% 7.01% +0.40% $132M
RTX 3.21% 2.87% +0.35% $57M
NVDA 1.17% 0.97% +0.20% $21M
ACN 2.04% 1.87% +0.16% $36M
V 2.19% 2.07% +0.12% $39M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UL 0.00% 6.50% -6.50% $0
ORCL 3.77% 5.21% -1.43% $67M
ZTS 0.05% 0.84% -0.79% $931K
DEO 1.31% 1.67% -0.36% $23M
HD 1.76% 2.02% -0.26% $31M
MSFT 8.09% 8.18% -0.09% $144M
NVO 5.28% 5.35% -0.07% $94M
ADBE 0.71% 0.77% -0.06% $13M
NKE 0.40% 0.45% -0.05% $7M
PG 1.75% 1.79% -0.04% $31M
BIL 1.15% 1.17% -0.02% $21M
SYY 0.03% 0.03% -0.00% $538K
PAYX 0.02% 0.03% -0.00% $435K

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 23 $1.1B 64.1%
Large Cap 22 $631M 35.3%
Mid Cap 1 $10M 0.6%
Micro Cap 1 $111K 0.0%

Portfolio Analytics

Avg Market Cap
$768.1B
Median Market Cap
$199.8B
Avg P/E
27.1
Median P/E
24.8
Avg Dividend Yield
0.02%
Avg Beta
0.81
# Stocks
44
# ETFs / Funds
3

Top Holdings (47 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GOOGL 12.61% 719,847 $225M $313.00 $33M -69,321 -8.8%
2 MSFT 8.09% 298,708 $144M $483.62 -$13M -4,758 -1.6%
3 BRK-B 7.41% 263,262 $132M $502.65 -$2M -4,746 -1.8%
4 DIS 6.52% 1,023,783 $116M $113.77 -$524K +1,952 +0.2%
5 MDT 6.21% 1,155,146 $111M $96.06 -$557K -15,796 -1.4%
6 JNJ 5.33% 460,223 $95M $206.95 $5M -25,397 -5.2%
7 RHHBY 5.29% 1,832,770 $95M $51.57 $14M -87,315 -4.5%
8 NVO 5.28% 1,852,566 $94M $50.88 -$9M -1,141 -0.1%
9 ASML 4.21% 70,236 $75M $1,069.86 $4M -3,594 -4.9%
10 ORCL 3.77% 345,704 $67M $194.91 -$33M -10,196 -2.9%
11 GD 3.56% 188,679 $64M $336.66 -$4M -8,764 -4.4%
12 RTX 3.21% 313,003 $57M $183.40 $2M -16,253 -4.9%
13 LLY 2.90% 48,155 $52M $1,074.68 $5M -13,304 -21.6%
14 SBUX 2.80% 593,466 $50M $84.21 -$3M -28,442 -4.6%
15 CHRW 2.77% 307,641 $49M $160.76 $6M -19,490 -6.0%
16 V 2.19% 111,697 $39M $350.71 -$630K -4,899 -4.2%
17 ACN 2.04% 135,584 $36M $268.30 $332K -10,584 -7.2%
18 HD 1.76% 91,391 $31M $344.10 -$7M -4,283 -4.5%
19 AAPL 1.76% 115,542 $31M $271.86 -$248K -8,793 -7.1%
20 PG 1.75% 218,125 $31M $143.31 -$3M -5,771 -2.6%
21 HON 1.53% 139,685 $27M $195.09 $10M +55,459 +65.8%
22 PEP 1.38% 172,282 $25M $143.52 -$765K -9,223 -5.1%
23 DEO 1.31% 271,058 $23M $86.27 -$9M -65,490 -19.5%
24 NVDA 1.17% 112,283 $21M $186.50 $2M +12,478 +12.5%
25 BIL 1.15% 225,181 $21M $91.38 -$2M -20,516 -8.3%
26 WMT 0.96% 153,526 $17M $111.41 $345K -9,094 -5.6%
27 CL 0.83% 186,563 $15M $79.02 -$774K -7,532 -3.9%
28 ADBE 0.71% 36,153 $13M $349.99 -$2M -5,551 -13.3%
29 JQUA 0.57% 162,442 $10M $63.18 $10M +158,950 +4551.8%
30 NKE 0.40% 111,781 $7M $63.71 -$2M -12,009 -9.7%
31 GOOG 0.07% 4,239 $1M $313.80 $293K -18 -0.4%
32 IVV 0.06% 1,688 $1M $684.94 +1,688 NEW
33 ZTS 0.05% 7,400 $931K $125.82 -$15M -102,618 -93.3%
34 CSCO 0.05% 10,737 $827K $77.03 $91K -24 -0.2%
35 IBM 0.05% 2,733 $810K $296.21 $37K -5 -0.2%
36 AMGN 0.04% 2,358 $772K $327.31 $106K
37 KO 0.04% 9,849 $689K $69.91 $32K -46 -0.5%
38 APH 0.03% 4,005 $541K $135.14 +4,005 NEW
39 SYY 0.03% 7,295 $538K $73.69 -$65K -22 -0.3%
40 LOW 0.03% 1,992 $480K $241.16 +1,992 NEW
41 AMZN 0.03% 2,000 $462K $230.82 $22K
42 PAYX 0.02% 3,882 $435K $112.18 -$57K
43 LMT 0.02% 695 $336K $483.67 -$11K
44 TROW 0.02% 2,977 $305K $102.38 -$2K -9 -0.3%
45 NVS 0.01% 1,490 $205K $137.87 +1,490 NEW
46 UBFO 0.01% 11,000 $111K $10.07 $8K
47 UL —% -$125M -2,108,717 -100.0% SOLD

New Positions

SymbolValue% Port
IVV $1M 0.06%
APH $541K 0.03%
LOW $480K 0.03%
NVS $205K 0.01%

Sold Out Positions

SymbolValue% Port
UL —%
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