Latest Saratoga Research & Investment Management Stock Portfolio

Saratoga Research & Investment Management Performance:

2025 Q4: 3.27%YTD: 14.3%2024: 11.92%

Performance for 2025 Q4 is 3.27%, and YTD is 14.3%, and 2024 is 11.92%.

About Saratoga Research & Investment Management and 13F Hedge Fund Stock Holdings

Saratoga Research & Investment Management is a hedge fund based in Saratoga, CA. On 2026-02-05, the fund reported it's updated stock portfolio. In the 13F Holdings report, Saratoga Research & Investment Management reported an equity portfolio of $1.9 Billions as of 31 Dec, 2025.

The top stock holdings of Saratoga Research & Investment Management are GOOG, MSFT, . The fund has invested 11.8% of it's portfolio in ALPHABET INC. CAP STK CL A and 7.6% of portfolio in MICROSOFT CORP.

The fund managers got completely rid off UNILEVER PLC stocks. They significantly reduced their stock positions in ZOETIS INC. CL A (ZTS), ELI LILLY & CO. (LLY) and DIAGEO PLC SPON ADR NEW (DEO). Saratoga Research & Investment Management opened new stock positions in UNILEVER PLC SPON ADR NEW, ISHARES CORE S&P 500 ETF (IJR) and AMPHENOL CORPORATION CL A (APH). The fund showed a lot of confidence in some stocks as they added substantially to JPMORGAN US QUALITY FACTOR ETF (BBAX), HONEYWELL INTERNATIONAL INC. (HON) and NVIDIA CORP. (NVDA).

Saratoga Research & Investment Management Annual Return Estimates Vs S&P 500

Our best estimate is that Saratoga Research & Investment Management made a return of 3.27% in the last quarter. In trailing 12 months, it's portfolio return was 14.3%.

Performance
S&P 500

New Buys

Ticker	$ Bought
unilever plc spon adr new	121,192,000
ishares core s&p 500 etf	1,156,180
amphenol corporation cl a	541,236
lowes companies, inc.	480,391
novartis ag sponsored adr	205,426

New stocks bought by Saratoga Research & Investment Management

Additions

Ticker	% Inc.
jpmorgan us quality factor etf	4,551
honeywell international inc.	65.85
nvidia corp.	12.5
walt disney company	0.19

Additions to existing portfolio by Saratoga Research & Investment Management

Reductions

Ticker	% Reduced
zoetis inc. cl a	-93.27
eli lilly & co.	-21.65
diageo plc spon adr new	-19.46
adobe inc	-13.31
nike, inc. cl b	-9.7
alphabet inc. cap stk cl a	-8.78
spdr bloomberg 1-3 month t-bill etf	-8.35
accenture plc	-7.24

Saratoga Research & Investment Management reduced stake in above stock

Sold off

Ticker	$ Sold
unilever plc	-125,005,000

Saratoga Research & Investment Management got rid off the above stocks

Sector Distribution

Saratoga Research & Investment Management has about 30% of it's holdings in Others sector.

Sector	%
Others	30
Communication Services	18
Technology	16.5
Healthcare	13.6
Industrials	10.4
Consumer Defensive	4.7
Consumer Cyclical	4.7
Financial Services	2.1

Market Cap. Distribution

Saratoga Research & Investment Management has about 70% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	43.6
UNALLOCATED	30
LARGE-CAP	26.4

Stocks belong to which Index?

About 70% of the stocks held by Saratoga Research & Investment Management either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	70
Others	30

Top 5 Winners (%)		%
LLY	eli lilly & co.	36.4 %
GOOG	alphabet inc. cap stk cl c	28.8 %
GOOG	alphabet inc. cap stk cl a	27.5 %
	roche holding ag sponsored adr	22.8 %
CHRW	c.h. robinson worldwide inc com new	20.8 %

Top 5 Winners ($)		$
GOOG	alphabet inc. cap stk cl a	52.7 M
	roche holding ag sponsored adr	18.3 M
LLY	eli lilly & co.	17.1 M
JNJ	johnson & johnson	10.2 M
CHRW	c.h. robinson worldwide inc com new	9.0 M

Top 5 Losers (%)		%
ORCL	oracle corp.	-30.3 %
HD	home depot inc.	-14.7 %
PAYX	paychex inc	-11.5 %
SYY	sysco corporation	-10.5 %
DEO	diageo plc spon adr new	-8.7 %

Top 5 Losers ($)		$
ORCL	oracle corp.	-30.3 M
MSFT	microsoft corp.	-10.3 M
	novo nordisk a/s adr	-8.5 M
HD	home depot inc.	-5.7 M
DEO	diageo plc spon adr new	-2.8 M

Saratoga Research & Investment Management Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Saratoga Research & Investment Management

Saratoga Research & Investment Management has 47 stocks in it's portfolio. About 63.4% of the portfolio is in top 10 stocks. ORCL proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Saratoga Research & Investment Management last quarter.

Last Reported on: 05 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc.	1.65	115,542	31,411,200	reduced	-7.07

ACN	accenture plc	1.91	135,584	36,377,200	reduced	-7.24

ADBE	adobe inc	0.66	36,153	12,653,200	reduced	-13.31

AMGN	amgen inc.	0.04	2,358	771,797	unchanged	0.00

AMZN	amazon.com, inc.	0.02	2,000	461,640	unchanged	0.00

APH	amphenol corporation cl a	0.03	4,005	541,236	new

BBAX	jpmorgan us quality factor etf	0.54	162,442	10,263,100	added	4,551

BIL	spdr bloomberg 1-3 month t-bill etf	1.08	225,181	20,577,000	reduced	-8.35

CHRW	c.h. robinson worldwide inc com new	2.59	307,641	49,456,400	reduced	-5.96

CL	colgate-palmolive co.	0.77	186,563	14,742,200	reduced	-3.88

CSCO	cisco systems, inc.	0.04	10,737	827,071	reduced	-0.22

DEO	diageo plc spon adr new	1.23	271,058	23,384,200	reduced	-19.46

DIS	walt disney company	6.11	1,023,780	116,476,000	added	0.19

GD	general dynamics corporation	3.33	188,679	63,520,700	reduced	-4.44

GOOG	alphabet inc. cap stk cl a	11.81	719,847	225,312,000	reduced	-8.78

GOOG	alphabet inc. cap stk cl c	0.07	4,239	1,330,200	reduced	-0.42

HD	home depot inc.	1.65	91,391	31,447,600	reduced	-4.48

HON	honeywell international inc.	1.43	139,685	27,251,100	added	65.85

IBM	international business machines corp.	0.04	2,733	809,542	reduced	-0.18

IJR	ishares core s&p 500 etf	0.06	1,688	1,156,180	new