Saratoga Research & Investment Management reported 40 positions worth $1.73B for the quarter ended Sep 30, 2026, down 0.6% on the prior quarter. It opened 0 new positions, added to 9, trimmed 21 and exited 2. Its largest holding is Microsoft Corp at 9.9% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| HONA Honeywell Aerospace Inc. | +62.1K | +82.1% | $9.62M | 1.23% |
| DIS Walt Disney Co | +33.7K | +3.1% | $3.53M | 6.76% |
| ISRG Intuitive Surgical Inc | +5,840 | +15.4% | $2.37M | 1.03% |
| UL Unilever Plc | +31.7K | +1.6% | $1.92M | 7.06% |
| BRK-B Berkshire Hathaway Inc | +2,375 | +0.9% | $1.18M | 7.47% |
| MDT Medtronic plc | +7,861 | +0.7% | $678.33K | 6.02% |
| AMZN Amazon Com Inc | +2,060 | +103.0% | $513.25K | 0.058% |
| LOW Lowes Companies Inc | +1,104 | +55.0% | $203.46K | 0.033% |
| GOOG Alphabet Inc. | +17 | +0.6% | $5.79K | 0.056% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| ASML Asml Holding Nv | -2,084 | -3.5% | $3.78M | 6% |
| RTX RTX Corp | -20.3K | -8.3% | $3.77M | 2.39% |
| JNJ Johnson & Johnson | -13.3K | -4.8% | $3.53M | 4.05% |
| AAPL Apple Inc. | -8,210 | -8.2% | $2.73M | 1.77% |
| LLY ELI LILLY & Co | -2,073 | -3.8% | $2.40M | 3.45% |
| NVO Novo Nordisk A S | -54.6K | -1.7% | $2.07M | 6.95% |
| GD General Dynamics Corp | -5,669 | -3.1% | $1.88M | 3.34% |
| SBUX Starbucks Corp | -19.4K | -3.3% | $1.82M | 3.08% |
| DEO Diageo Plc | -20.5K | -5.7% | $1.75M | 1.68% |
| V Visa Inc. | -4,793 | -3.2% | $1.72M | 2.96% |
No new positions this quarter.
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | MSFT Microsoft Corp | Technology | 334.1K | $171.36M | 9.88% | -80 | 0.0% | Reduced | 0% |
| 2 | GOOGL Alphabet Inc. | Technology | 495.3K | $170.42M | 9.82% | -3,123 | -0.6% | Reduced | 0.01% |
| 3 | BRK-B Berkshire Hathaway Inc | Financial Services | 260.3K | $129.60M | 7.47% | +2,375 | +0.9% | Added | 0.02% |
| 4 | UL Unilever Plc | Consumer Staples | 2.02M | $122.56M | 7.06% | +31.7K | +1.6% | Added | 0.09% |
| 5 | NVO Novo Nordisk A S | Healthcare | 3.18M | $120.61M | 6.95% | -54.6K | -1.7% | Reduced | 0.07% |
| 6 | DIS Walt Disney Co | Communication Services | 1.12M | $117.22M | 6.76% | +33.7K | +3.1% | Added | 0.06% |
| 7 | MDT Medtronic plc | Healthcare | 1.21M | $104.51M | 6.02% | +7,861 | +0.7% | Added | 0.09% |
| 8 | ASML Asml Holding Nv | Technology | 57.4K | $104.04M | 6% | -2,084 | -3.5% | Reduced | 0.01% |
| 9 | NVDA Nvidia Corp | Technology | 378.2K | $86.38M | 4.98% | -6,627 | -1.7% | Reduced | 0% |
| 10 | JNJ Johnson & Johnson | Healthcare | 265.1K | $70.19M | 4.05% | -13.3K | -4.8% | Reduced | 0.01% |
| 11 | LLY ELI LILLY & Co | Healthcare | 51.8K | $59.92M | 3.45% | -2,073 | -3.8% | Reduced | 0.01% |
| 12 | GD General Dynamics Corp | Industrials | 174.7K | $57.98M | 3.34% | -5,669 | -3.1% | Reduced | 0.06% |
| 13 | SBUX Starbucks Corp | Consumer Discretionary | 568.5K | $53.42M | 3.08% | -19.4K | -3.3% | Reduced | 0.05% |
| 14 | V Visa Inc. | Financial Services | 143.0K | $51.38M | 2.96% | -4,793 | -3.2% | Reduced | 0.01% |
| 15 | PG PROCTER & GAMBLE Co | Consumer Staples | 326.8K | $47.48M | 2.74% | -11.8K | -3.5% | Reduced | 0.01% |
Tip. Select a row to see that position’s full history at Saratoga Research & Investment Management.
As of its Q3 2026 13F filing, Saratoga Research & Investment Management’s five largest positions were Microsoft Corp (MSFT) at 9.9%, Alphabet Inc. (GOOGL) at 9.8%, Berkshire Hathaway Inc (BRK-B) at 7.5%, Unilever Plc (UL) at 7.1%, Novo Nordisk A S (NVO) at 7.0% of the reported portfolio.
Saratoga Research & Investment Management reported a 13F portfolio worth $1.73B across 40 positions for Q3 2026. That is down 0.6% from the previous quarter.
Its largest purchases by value were Honeywell Aerospace Inc. ($9.62M), Walt Disney Co ($3.53M), Intuitive Surgical Inc ($2.37M). It opened 0 new positions.
Its largest sales by value were Asml Holding Nv ($3.78M), RTX Corp ($3.77M), Johnson & Johnson ($3.53M). It exited 2 positions entirely.
From the Form 13F-HR reports Saratoga Research & Investment Management files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.