Saratoga Research & Investment Management Long-Term Concentrated

Location: Saratoga, CA

CIK: 0001477872 · Show all filings

Period: Q3 2026 (← Previous)

Filing Date: Oct 16, 2026

Total Value: $1.816B (100.0% shares, 0.0% debt)

Holdings (44)

Increased Positions (8)

Exited Positions (2)

Decreased Positions (20)

NVO Novo Nordisk A/S 6.6%
Value $121M (-22.3%) Shares 3,181,453 (-1.7%) Share Price $37.91 Est. Cost/Share $51.44 Unrealized @ Report Date -26.3%
ASML ASML Holding N.V. 5.7%
Value $104M (-12.1%) Shares 57,426 (-3.5%) Share Price $1811.67 Est. Cost/Share $719.84 Unrealized @ Report Date +151.7%
CHRW C.H. Robinson Worldwide Inc 1.9%
Value $33.64M (-24.0%) Shares 227,365 (-3.3%) Share Price $147.96 Est. Cost/Share $62.33 Unrealized @ Report Date +137.4%
NVDA NVIDIA Corp. 4.8%
Value $86.38M (+12.2%) Shares 378,238 (-1.7%) Share Price $228.38 Est. Cost/Share $171.65 Unrealized @ Report Date +33.1%
SBUX Starbucks Corp. 2.9%
Value $53.42M (-11.1%) Shares 568,490 (-3.3%) Share Price $93.96 Est. Cost/Share $74.12 Unrealized @ Report Date +26.8%
HD Home Depot Inc. 1.3%
Value $23.64M (-21.0%) Shares 83,110 (-2.1%) Share Price $284.49 Est. Cost/Share $273.03 Unrealized @ Report Date +4.2%
GD General Dynamics Corporation 3.2%
Value $57.98M (-9.3%) Shares 174,725 (-3.1%) Share Price $331.83 Est. Cost/Share $144.92 Unrealized @ Report Date +129.0%
RTX RTX Corp. 2.3%
Value $41.43M (-10.3%) Shares 223,151 (-8.3%) Share Price $185.65 Est. Cost/Share $63.05 Unrealized @ Report Date +194.5%
LLY Eli Lilly & Co. 3.3%
Value $59.92M (-7.2%) Shares 51,789 (-3.8%) Share Price $1157.08 Est. Cost/Share $817.04 Unrealized @ Report Date +41.6%
PG The Procter & Gamble Co. 2.6%
Value $47.48M (-4.4%) Shares 326,836 (-3.5%) Share Price $145.28 Est. Cost/Share $113.93 Unrealized @ Report Date +27.5%
AAPL Apple Inc. 1.7%
Value $30.7M (+5.7%) Shares 92,190 (-8.2%) Share Price $333.02 Est. Cost/Share $85.07 Unrealized @ Report Date +291.5%
CL Colgate-Palmolive Co. 0.8%
Value $14.52M (-9.8%) Shares 170,145 (-3.1%) Share Price $85.32 Est. Cost/Share $76.42 Unrealized @ Report Date +11.6%
HON Honeywell International Inc. 0.9%
Value $15.57M (-8.2%) Shares 73,821 (-2.6%) Share Price $210.94 Est. Cost/Share $223.90 Unrealized @ Report Date —
RHHBY Roche Holding AG 3.3%
Value $59.8M (-2.0%) Shares 1,152,582 (-3.0%) Share Price $51.88 Est. Cost/Share $40.37 Unrealized @ Report Date +28.5%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF 1.0%
Value $18.58M (-5.7%) Shares 202,746 (-5.7%) Share Price $91.64 Est. Cost/Share $91.62 Unrealized @ Report Date +0.0%
V Visa Inc 2.8%
Value $51.38M (+1.3%) Shares 142,986 (-3.2%) Share Price $359.33 Est. Cost/Share $245.20 Unrealized @ Report Date +46.5%
JNJ Johnson & Johnson 3.9%
Value $70.19M (-0.7%) Shares 265,132 (-4.8%) Share Price $264.74 Est. Cost/Share $110.94 Unrealized @ Report Date +138.6%
EMR Emerson Electric Co. 0.6%
Value $10.75M (+4.4%) Shares 69,317 (-3.6%) Share Price $155.10 Est. Cost/Share $140.76 Unrealized @ Report Date +10.2%
ZTS Zoetis Inc. 0.0%
Value $305K (-48.6%) Shares 4,364 (-47.1%) Share Price $69.83 Est. Cost/Share $153.03 Unrealized @ Report Date -54.4%
DEO Diageo PLC 1.6%
Value $29.15M (+0.4%) Shares 340,544 (-5.7%) Share Price $85.60 Est. Cost/Share $129.65 Unrealized @ Report Date -34.0%

Unchanged Positions (16)

MSFT Microsoft Corp. 9.4%
Value $171M Shares 334,099 Share Price $512.90 Est. Cost/Share $143.92 Unrealized @ Report Date +256.4%
MDT Medtronic PLC 5.8%
Value $105M Shares 1,211,146 Share Price $86.29 Est. Cost/Share $79.04 Unrealized @ Report Date +9.2%
GOOGL Alphabet Inc. 9.4%
Value $170M Shares 495,297 Share Price $344.08 Est. Cost/Share $112.76 Unrealized @ Report Date +205.2%
PEP Pepsico Inc 1.1%
Value $20.73M Shares 163,570 Share Price $126.72 Est. Cost/Share $128.70 Unrealized @ Report Date -1.5%
BRK/B Berkshire Hathaway Inc. 7.1%
Value $130M Shares 260,270 Share Price $497.95 Est. Cost/Share $219.14 Unrealized @ Report Date +127.2%
IBM International Business Machines Corp. 0.0%
Value $577K Shares 2,624 Share Price $219.93 Est. Cost/Share $105.47 Unrealized @ Report Date +108.5%
AMGN Amgen Inc. 0.1%
Value $919K Shares 2,181 Share Price $421.51 Est. Cost/Share $172.97 Unrealized @ Report Date +143.7%
BCML Baycom Corp 0.1%
Value $972K Shares 32,035 Share Price $30.34 Est. Cost/Share $30.60 Unrealized @ Report Date -0.9%
KO Coca-Cola Co (The) 0.0%
Value $848K Shares 9,849 Share Price $86.08 Est. Cost/Share $27.94 Unrealized @ Report Date +208.1%
CSCO Cisco Systems, Inc. 0.0%
Value $484K Shares 4,493 Share Price $107.63 Est. Cost/Share $18.69 Unrealized @ Report Date +475.9%
VNQ Vanguard Index Funds REAL ESTATE ETF 0.0%
Value $485K Shares 5,414 Share Price $89.63 Est. Cost/Share $91.69 Unrealized @ Report Date -2.3%
GOOG Alphabet Inc. 0.1%
Value $970K Shares 2,846 Share Price $340.74 Est. Cost/Share $108.47 Unrealized @ Report Date +214.1%
TROW Price T Rowe Group Inc. 0.0%
Value $310K Shares 2,977 Share Price $104.05 Est. Cost/Share $108.11 Unrealized @ Report Date -3.8%
NVS Novartis AG 0.0%
Value $212K Shares 1,490 Share Price $142.57 Est. Cost/Share $130.95 Unrealized @ Report Date +8.9%
PAYX Paychex Inc 0.0%
Value $330K Shares 3,349 Share Price $98.50 Est. Cost/Share $27.96 Unrealized @ Report Date +252.2%
LMT Lockheed Martin Corporation 0.0%
Value $354K Shares 695 Share Price $509.25 Est. Cost/Share $308.96 Unrealized @ Report Date +64.8%