SEC 13F Intelligence

Managers / Q4 2018 · view latest →

Saratoga Research & Investment Management

CIK 0001477872 · 14471 BIG BASIN WAY, SUITE E, SARATOGA, CA, 95070 · (408) 741-2330

Reported Value
$1.3B
Q4 2018
Positions
43
Filings on Record
30
2019–present window
Filed
Jan 15, 2019
original filing

Summary

Saratoga Research & Investment Management reported $1.3B in U.S.-listed holdings across 43 positions for Q4 2018.

Its largest position, AAPL, represents 6.9% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+54.0%
share of reported value
Largest Position
+6.9%
Apple

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.3BQ4 ’18Q1 ’19: $1.5BQ2 ’19: $1.6BQ3 ’19: $1.5BQ4 ’19: $1.7BQ4 ’19Q1 ’20: $1.4BQ2 ’20: $1.6BQ3 ’20: $1.7BQ4 ’20: $1.9BQ4 ’20Q1 ’21: $2.0BQ2 ’21: $2.1BQ3 ’21: $2.2BQ4 ’21: $2.3BQ4 ’21Q1 ’22: $2.3BQ2 ’22: $2.0BQ3 ’22: $1.9BQ4 ’22: $2.0BQ4 ’22Q1 ’23: $2.1BQ2 ’23: $2.2BQ3 ’23: $2.0BQ4 ’23: $2.2BQ4 ’23Q1 ’24: $2.2BQ2 ’24: $2.2BQ3 ’24: $2.3BQ4 ’24: $2.0BQ4 ’24Q1 ’25: $1.9BQ2 ’25: $1.9BQ3 ’25: $1.9BQ4 ’25: $1.9BQ4 ’25Q1 ’26: $1.8Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 88.0%Other: 6.6%ADR: 5.3%REIT: 0.0%MLP: 0.0%
  • Common Stock · 88.0% · $1.1B
  • Other · 6.6% · $84M
  • ADR · 5.3% · $67M
  • REIT · 0.0% · $342,000
  • MLP · 0.0% · $257,000

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
AAPLApple IncNEW+555.8K555.8K+$88M$88M
BRK/BBerkshire Hathaway BNEW+396.9K396.9K+$81M$81M
MSFTMicrosoftNEW+746.1K746.1K+$76M$76M
ORCLOracleNEW+1.61M1.61M+$73M$73M
UTXZUnited TechnologiesNEW+668.8K668.8K+$71M$71M
CSCOCisco SystemsNEW+1.54M1.54M+$67M$67M
NVONovo Nordisk ADRNEW+1.44M1.44M+$66M$66M
WMTWalmart IncNEW+636.5K636.5K+$59M$59M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2018

42 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLApple Inchistory →COM6.95%$88M555.8K
2BRK/BBerkshire Hathaway Bhistory →COM6.42%$81M396.9K
3MSFTMicrosofthistory →COM6.01%$76M746.1K
4ORCLOraclehistory →COM5.75%$73M1.61M
5UTXZUnited Technologieshistory →COM5.64%$71M668.8K
6CSCOCisco Systemshistory →COM5.29%$67M1.54M
7NVONovo Nordisk ADRhistory →COM5.25%$66M1.44M
8WMTWalmart Inchistory →COM4.70%$59M636.5K
9CHRWC.H. Robinson Worldwidehistory →COM4.09%$52M614.2K
10PGProcter & Gamblehistory →COM3.94%$50M541.0K
11CTSHCognizant Tech Solutionshistory →COM3.79%$48M753.6K
12NKENIKEhistory →COM3.65%$46M621.6K
13IBMInt'l Business Machineshistory →COM3.61%$46M401.3K
14DISDisney Walt Cohistory →COM3.51%$44M403.9K
15BIIBBiogen Inchistory →COM3.48%$44M145.9K
16SBUXStarbuckshistory →COM3.34%$42M653.6K
17Medtronic PLCCOM2.79%$35M386.5K
18PEPPepsicohistory →COM2.40%$30M273.7K
19GOOGLAlphabet Inc Cl ACOM2.37%$30M28.6K
20EXPDExpeditors Int'l of WAhistory →COM2.29%$29M423.5K
21VAREURVarian Medical Systemshistory →COM2.23%$28M247.9K
22JNJJohnson & Johnsonhistory →COM2.21%$28M216.3K
23KOCoca-Colahistory →COM2.08%$26M554.9K
24Reckitt Benckiser Group PLC ADCOM2.06%$26M1.72M
25Accenture Ltd NewCOM1.78%$22M159.4K
26BDXBecton, Dickinson & Cohistory →COM1.70%$21M95.4K
27PIIPolaris Industrieshistory →COM1.27%$16M209.6K
28OMCOmnicom Grouphistory →COM0.81%$10M139.9K
29AMGNAmgenCOM0.16%$2M10.5K
30DGEDDiageo PLC ADRCOM0.09%$1M8.3K
31VVisa IncCOM0.07%$824,0006.2K
32PAYXPaychexCOM0.04%$497,0007.6K
33INTCIntelCOM0.03%$384,0008.2K
34Monmouth Real Estate InvestmenREIT0.03%$342,00027.5K
35BRK/ABerkshire Hathaway ACOM0.02%$306,0001
36BMYBristol-Myers SquibbCOM0.02%$297,0005.7K
37PFEPfizerCOM0.02%$291,0006.7K
38BENFranklin ResourcesCOM0.02%$273,0009.2K
39OKEONEOK Inc NewCOM0.02%$269,0005.0K
40MOAltria GroupCOM0.02%$262,0005.3K
41WEPMagellan Midstream Partners LPETP0.02%$257,0004.5K
42EXMOCExxon MobilCOM0.02%$244,0003.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.8B46May 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.9B47Feb 5, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.9B43Nov 17, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.9B44Aug 20, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.9B44May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.0B44Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.3B41Nov 22, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.2B42Aug 16, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.2B45Apr 17, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.2B47Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.0B47Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.2B47Jul 24, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.1B46May 5, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.0B45Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.9B45Oct 31, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.0B47Aug 1, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.3B47Apr 29, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.3B48Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.2B46Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.1B43Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.0B43Apr 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.9B42Feb 3, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.7B41Oct 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.6B43Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.4B44May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.7B45Feb 5, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.5B45Oct 29, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.6B45Jul 24, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.5B44Apr 18, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.3B43Jan 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.