Saratoga Research & Investment Management Long-Term Concentrated

CIK: 0001477872 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 17, 2025

Total Value ($000): $1,922,554 (100.0% shares, 0.0% debt)

Holdings (43)

GOOGL Alphabet Inc. 10.0%

Value ($000) $191,847 Shares 789,168 Est. Cost $112.76 Unrealized +85.5%

MSFT Microsoft Corp. 8.2%

Value ($000) $157,180 Shares 303,466 Est. Cost $79.61 Unrealized +539.0%

BRK/B Berkshire Hathaway Inc. 7.0%

Value ($000) $134,738 Shares 268,008 Est. Cost $210.09 Unrealized +130.5%

— Unilever PLC 6.5%

Value ($000) $125,005 Shares 2,108,717 Est. Cost $53.17 Unrealized —

DIS Walt Disney Company 6.1%

Value ($000) $117,000 Shares 1,021,831 Est. Cost $106.40 Unrealized +9.9%

MDT Medtronic PLC 5.8%

Value ($000) $111,521 Shares 1,170,942 Est. Cost $78.70 Unrealized +16.0%

NVO Novo Nordisk A/S 5.4%

Value ($000) $102,862 Shares 1,853,707 Est. Cost $67.83 Unrealized —

ORCL Oracle Corp. 5.2%

Value ($000) $100,093 Shares 355,900 Est. Cost $40.01 Unrealized +535.3%

JNJ Johnson & Johnson 4.7%

Value ($000) $90,044 Shares 485,620 Est. Cost $110.94 Unrealized +52.8%

RHHBY Roche Holding AG 4.2%

Value ($000) $80,279 Shares 1,920,085 Est. Cost $39.07 Unrealized —

ASML ASML Holding N.V. 3.7%

Value ($000) $71,474 Shares 73,830 Est. Cost $685.67 Unrealized —

GD General Dynamics Corporation 3.5%

Value ($000) $67,328 Shares 197,443 Est. Cost $138.74 Unrealized +126.1%

RTX RTX Corp. 2.9%

Value ($000) $55,094 Shares 329,256 Est. Cost $63.05 Unrealized +144.7%

SBUX Starbucks Corp. 2.7%

Value ($000) $52,613 Shares 621,908 Est. Cost $72.89 Unrealized +21.5%

LLY Eli Lilly & Co. 2.4%

Value ($000) $46,893 Shares 61,459 Est. Cost $784.76 Unrealized -5.4%

CHRW C.H. Robinson Worldwide Inc 2.3%

Value ($000) $43,312 Shares 327,131 Est. Cost $62.33 Unrealized +86.8%

V Visa Inc 2.1%

Value ($000) $39,804 Shares 116,596 Est. Cost $214.66 Unrealized +60.8%

HD Home Depot Inc. 2.0%

Value ($000) $38,766 Shares 95,674 Est. Cost $273.03 Unrealized +42.5%

ACN Accenture PLC 1.9%

Value ($000) $36,045 Shares 146,168 Est. Cost $224.49 Unrealized +16.1%

PG The Procter & Gamble Co. 1.8%

Value ($000) $34,402 Shares 223,896 Est. Cost $89.53 Unrealized +73.0%

DEO Diageo PLC 1.7%

Value ($000) $32,117 Shares 336,548 Est. Cost $145.31 Unrealized —

AAPL Apple Inc. 1.6%

Value ($000) $31,659 Shares 124,335 Est. Cost $85.07 Unrealized +165.2%

PEP Pepsico Inc 1.3%

Value ($000) $25,491 Shares 181,505 Est. Cost $128.70 Unrealized +9.1%

BIL SPDR Bloomberg 1-3 Month T-Bill ETF 1.2%

Value ($000) $22,543 Shares 245,697 Est. Cost $91.79 Unrealized —

NVDA NVIDIA Corp. 1.0%

Value ($000) $18,622 Shares 99,805 Est. Cost $126.66 Unrealized +37.6%

HON Honeywell International Inc. 0.9%

Value ($000) $17,730 Shares 84,226 Est. Cost $201.70 Unrealized +2.7%

WMT Walmart Inc 0.9%

Value ($000) $16,760 Shares 162,620 Est. Cost $45.77 Unrealized +116.8%

ZTS Zoetis Inc. 0.8%

Value ($000) $16,098 Shares 110,018 Est. Cost $156.67 Unrealized -3.9%

CL Colgate-Palmolive Co. 0.8%

Value ($000) $15,516 Shares 194,095 Est. Cost $76.18 Unrealized +11.1%

ADBE Adobe Inc 0.8%

Value ($000) $14,711 Shares 41,704 Est. Cost $474.93 Unrealized -24.5%

NKE Nike, Inc. 0.4%

Value ($000) $8,632 Shares 123,790 Est. Cost $77.74 Unrealized -5.1%

GOOG Alphabet Inc. 0.1%

Value ($000) $1,037 Shares 4,257 Est. Cost $108.47 Unrealized +93.5%

IBM International Business Machines Corp. 0.0%

Value ($000) $773 Shares 2,738 Est. Cost $105.47 Unrealized +146.1%

CSCO Cisco Systems, Inc. 0.0%

Value ($000) $736 Shares 10,761 Est. Cost $18.69 Unrealized +260.6%

AMGN Amgen Inc. 0.0%

Value ($000) $665 Shares 2,358 Est. Cost $172.97 Unrealized +65.7%

KO Coca-Cola Co (The) 0.0%

Value ($000) $656 Shares 9,895 Est. Cost $27.94 Unrealized +143.1%

SYY Sysco Corporation 0.0%

Value ($000) $602 Shares 7,317 Est. Cost $65.68 Unrealized +20.0%

PAYX Paychex Inc 0.0%

Value ($000) $492 Shares 3,882 Est. Cost $27.96 Unrealized +390.5%

AMZN Amazon.com, Inc. 0.0%

Value ($000) $439 Shares 2,000 Est. Cost $126.86 Unrealized +78.4%

LMT Lockheed Martin Corporation 0.0%

Value ($000) $347 Shares 695 Est. Cost $308.96 Unrealized +45.1%

TROW Price T Rowe Group Inc. 0.0%

Value ($000) $306 Shares 2,986 Est. Cost $108.11 Unrealized -4.9%

JQUA JPMorgan US Quality Factor ETF 0.0%

Value ($000) $220 Shares 3,492 Est. Cost $59.19 Unrealized —

UBFO United Security Bs 0.0%

Value ($000) $103 Shares 11,000 Est. Cost $5.29 Unrealized +67.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	Alphabet Inc.	789,168	$191,847	10.0%	$112.76	+85.5%	COM	02079K305
MSFT	Microsoft Corp.	303,466	$157,180	8.2%	$79.61	+539.0%	COM	594918104
BRK/B	Berkshire Hathaway Inc.	268,008	$134,738	7.0%	$210.09	+130.5%	COM	084670702
—	Unilever PLC	2,108,717	$125,005	6.5%	$53.17	—	COM	904767704
DIS	Walt Disney Company	1,021,831	$117,000	6.1%	$106.40	+9.9%	COM	254687106
MDT	Medtronic PLC	1,170,942	$111,521	5.8%	$78.70	+16.0%	COM	G5960L103
NVO	Novo Nordisk A/S	1,853,707	$102,862	5.4%	$67.83	—	COM	670100205
ORCL	Oracle Corp.	355,900	$100,093	5.2%	$40.01	+535.3%	COM	68389X105
JNJ	Johnson & Johnson	485,620	$90,044	4.7%	$110.94	+52.8%	COM	478160104
RHHBY	Roche Holding AG	1,920,085	$80,279	4.2%	$39.07	—	COM	771195104
ASML	ASML Holding N.V.	73,830	$71,474	3.7%	$685.67	—	COM	N07059210
GD	General Dynamics Corporation	197,443	$67,328	3.5%	$138.74	+126.1%	COM	369550108
RTX	RTX Corp.	329,256	$55,094	2.9%	$63.05	+144.7%	COM	75513E101
SBUX	Starbucks Corp.	621,908	$52,613	2.7%	$72.89	+21.5%	COM	855244109
LLY	Eli Lilly & Co.	61,459	$46,893	2.4%	$784.76	-5.4%	COM	532457108
CHRW	C.H. Robinson Worldwide Inc	327,131	$43,312	2.3%	$62.33	+86.8%	COM	12541W209
V	Visa Inc	116,596	$39,804	2.1%	$214.66	+60.8%	COM	92826C839
HD	Home Depot Inc.	95,674	$38,766	2.0%	$273.03	+42.5%	COM	437076102
ACN	Accenture PLC	146,168	$36,045	1.9%	$224.49	+16.1%	COM	G1151C101
PG	The Procter & Gamble Co.	223,896	$34,402	1.8%	$89.53	+73.0%	COM	742718109
DEO	Diageo PLC	336,548	$32,117	1.7%	$145.31	—	COM	25243Q205
AAPL	Apple Inc.	124,335	$31,659	1.6%	$85.07	+165.2%	COM	037833100
PEP	Pepsico Inc	181,505	$25,491	1.3%	$128.70	+9.1%	COM	713448108
BIL	SPDR Bloomberg 1-3 Month T-Bill ETF	245,697	$22,543	1.2%	$91.79	—	ETF	78468R663
NVDA	NVIDIA Corp.	99,805	$18,622	1.0%	$126.66	+37.6%	COM	67066G104
HON	Honeywell International Inc.	84,226	$17,730	0.9%	$201.70	+2.7%	COM	438516106
WMT	Walmart Inc	162,620	$16,760	0.9%	$45.77	+116.8%	COM	931142103
ZTS	Zoetis Inc.	110,018	$16,098	0.8%	$156.67	-3.9%	COM	98978V103
CL	Colgate-Palmolive Co.	194,095	$15,516	0.8%	$76.18	+11.1%	COM	194162103
ADBE	Adobe Inc	41,704	$14,711	0.8%	$474.93	-24.5%	COM	00724F101
NKE	Nike, Inc.	123,790	$8,632	0.4%	$77.74	-5.1%	COM	654106103
GOOG	Alphabet Inc.	4,257	$1,037	0.1%	$108.47	+93.5%	COM	02079K107
IBM	International Business Machines Corp.	2,738	$773	0.0%	$105.47	+146.1%	COM	459200101
CSCO	Cisco Systems, Inc.	10,761	$736	0.0%	$18.69	+260.6%	COM	17275R102
AMGN	Amgen Inc.	2,358	$665	0.0%	$172.97	+65.7%	COM	031162100
KO	Coca-Cola Co (The)	9,895	$656	0.0%	$27.94	+143.1%	COM	191216100
SYY	Sysco Corporation	7,317	$602	0.0%	$65.68	+20.0%	COM	871829107
PAYX	Paychex Inc	3,882	$492	0.0%	$27.96	+390.5%	COM	704326107
AMZN	Amazon.com, Inc.	2,000	$439	0.0%	$126.86	+78.4%	COM	023135106
LMT	Lockheed Martin Corporation	695	$347	0.0%	$308.96	+45.1%	COM	539830109
TROW	Price T Rowe Group Inc.	2,986	$306	0.0%	$108.11	-4.9%	COM	74144T108
JQUA	JPMorgan US Quality Factor ETF	3,492	$220	0.0%	$59.19	—	ETF	46641Q761
UBFO	United Security Bs	11,000	$103	0.0%	$5.29	+67.6%	COM	911460103