Latest Saratoga Research & Investment Management Stock Portfolio

$1.76Billion– No. of Holdings #46

Saratoga Research & Investment Management Performance:

2026 Q1: -6.62%YTD: -6.62%2025: 14.38%

Performance for 2026 Q1 is -6.62%, and YTD is -6.62%, and 2025 is 14.38%.

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

Saratoga Research & Investment Management is a hedge fund based in Saratoga, CA. On 2026-05-08, the fund reported it's updated stock portfolio. In the 13F Holdings report, Saratoga Research & Investment Management reported an equity portfolio of $1.8 Billions as of 31 Mar, 2026.

The top stock holdings of Saratoga Research & Investment Management are GOOG, MSFT, . The fund has invested 10% of it's portfolio in ALPHABET INC. and 7.8% of portfolio in MICROSOFT CORP.

The fund managers got completely rid off ORACLE CORP. (ORCL), WALMART INC (WMT) and ISHARES CORE S&P 500 ETF (IJR) stocks. They significantly reduced their stock positions in JPMORGAN US QUALITY FACTOR ETF (BBAX), ADOBE INC (ADBE) and ALPHABET INC. (GOOG). Saratoga Research & Investment Management opened new stock positions in VANGUARD INDEX FUNDS REAL ESTATE ETF (VB) and ENTERPRISE PRODUCTS PARTNERS L.P. (EPD). The fund showed a lot of confidence in some stocks as they added substantially to NVIDIA CORP. (NVDA), NOVO NORDISK A/S (NVO) and THE PROCTER & GAMBLE CO. (PG).

Saratoga Research & Investment Management Equity Portfolio Value

Last Reported on: 08 May, 2026

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

Our best estimate is that Saratoga Research & Investment Management made a return of -6.62% in the last quarter. In trailing 12 months, it's portfolio return was 9.03%.

Performance
S&P 500

New Buys

Ticker	$ Bought
vanguard index funds real estate etf	480,222
enterprise products partners l.p.	203,428

New stocks bought by Saratoga Research & Investment Management

Additions

Ticker	% Inc.
nvidia corp.	199
novo nordisk a/s	85.49
the procter & gamble co.	65.15
visa inc	40.00
diageo plc	39.51
microsoft corp.	23.47
honeywell international inc.	18.8
zoetis inc.	12.38

Additions to existing portfolio by Saratoga Research & Investment Management

Reductions

Ticker	% Reduced
jpmorgan us quality factor etf	-97.9
adobe inc	-93.86
alphabet inc.	-31.28
roche holding ag	-29.53
johnson & johnson	-26.24
c.h. robinson worldwide inc	-18.14
rtx corp.	-17.23
alphabet inc.	-15.17

Saratoga Research & Investment Management reduced stake in above stock

Sold off

Ticker	$ Sold
oracle corp.	-67,381,200
walmart inc	-17,104,300
ishares core s&p 500 etf	-1,156,180

Saratoga Research & Investment Management got rid off the above stocks

Sector Distribution

Saratoga Research & Investment Management has about 31.8% of it's holdings in Others sector.

Others
Communication Services
Technology
Healthcare
Industrials
Consumer Defensive
Consumer Cyclical
Financial Services

Sector	%
Others	31.8
Communication Services	16.2
Technology	14.3
Healthcare	13
Industrials	11.2
Consumer Defensive	5.5
Consumer Cyclical	5.3
Financial Services	2.7

Market Cap. Distribution

Saratoga Research & Investment Management has about 68.1% of it's portfolio invested in the large-cap and mega-cap stocks.

MEGA-CAP
UNALLOCATED
LARGE-CAP

Category	%
MEGA-CAP	41.6
UNALLOCATED	31.8
LARGE-CAP	26.5

Stocks belong to which Index?

About 68.1% of the stocks held by Saratoga Research & Investment Management either belong to S&P 500 or RUSSELL 2000 index.

S&P 500
Others

Index	%
S&P 500	68.1
Others	31.9

Top 5 Winners (%)		%
LMT	lockheed martin corporation	25.0 %
ASML	asml holding n.v.	22.5 %
JNJ	johnson & johnson	15.7 %
HON	honeywell international inc.	14.4 %
NVS	novartis ag	10.8 %

Top 5 Winners ($)		$
ASML	asml holding n.v.	16.9 M
JNJ	johnson & johnson	15.0 M
HON	honeywell international inc.	4.7 M
SBUX	starbucks corp.	3.3 M
RTX	rtx corp.	2.7 M

Top 5 Losers (%)		%
ACN	accenture plc	-25.9 %
NVO	novo nordisk a/s	-22.8 %
MSFT	microsoft corp.	-21.7 %
IBM	international business machines corp.	-18.2 %
PAYX	paychex inc	-17.9 %

Top 5 Losers ($)		$
MSFT	microsoft corp.	-37.9 M
NVO	novo nordisk a/s	-37.4 M
DIS	walt disney company	-18.7 M
GOOG	alphabet inc.	-16.9 M
UL	unilever plc	-15.7 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 46 stocks in it's portfolio. About 63.6% of the portfolio is in top 10 stocks. MSFT proved to be the most loss making stock for the portfolio. ASML was the most profitable stock for Saratoga Research & Investment Management last quarter.

Last Reported on: 08 May, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc.	1.61	111,983	28,420,200	reduced	-3.08

ACN	accenture plc	1.50	133,660	26,503,400	reduced	-1.42

ADBE	adobe inc	0.03	2,221	539,881	reduced	-93.86

AMGN	amgen inc.	0.05	2,306	811,366	reduced	-2.21

AMZN	amazon.com, inc.	0.02	2,000	416,540	unchanged	0.00

APH	amphenol corporation	0.03	4,002	505,653	reduced	-0.07

ASML	asml holding n.v.	4.82	64,285	84,909,600	reduced	-8.47

BBAX	jpmorgan us quality factor etf	0.01	3,406	208,856	reduced	-97.9

BIL	spdr bloomberg 1-3 month t-bill etf	1.12	215,077	19,709,700	reduced	-4.49

CHRW	c.h. robinson worldwide inc	2.37	251,844	41,823,700	reduced	-18.14

CL	colgate-palmolive co.	0.92	190,095	16,201,800	added	1.89

CSCO	cisco systems, inc.	0.04	10,313	800,186	reduced	-3.95

DEO	diageo plc	1.60	378,141	28,152,600	added	39.51

DIS	walt disney company	6.17	1,128,430	108,758,000	added	10.22

EPD	enterprise products partners l.p.	0.01	5,376	203,428	new

GD	general dynamics corporation	3.78	194,242	66,667,700	added	2.95

GOOG	alphabet inc.	9.96	610,629	175,592,000	reduced	-15.17

GOOG	alphabet inc.	0.05	2,913	835,623	reduced	-31.28

HD	home depot inc.	1.66	88,808	29,208,100	reduced	-2.83

HON	honeywell international inc.	2.13	165,945	37,508,500	added	18.8