Saratoga Research & Investment Management 13F annual report

Saratoga Research & Investment Management is an investment fund managing more than $2.2 trillion ran by James Tanner. There are currently 42 companies in Mr. Tanner’s portfolio. The largest investments include Alphabet Inc and Microsoft, together worth $334 billion.

Limited to 30 biggest holdings

$2.2 trillion Assets Under Management (AUM)

As of 9th August 2024, Saratoga Research & Investment Management’s top holding is 964,746 shares of Alphabet Inc currently worth over $176 billion and making up 8.0% of the portfolio value. Relative to the number of outstanding shares of Alphabet Inc, Saratoga Research & Investment Management owns more than approximately 0.1% of the company. In addition, the fund holds 354,822 shares of Microsoft worth $159 billion, whose value grew 4.2% in the past six months. The third-largest holding is RTX Corp worth $153 billion and the next is Unilever plc worth $152 billion, with 2,767,207 shares owned.

Currently, Saratoga Research & Investment Management's portfolio is worth at least $2.2 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Saratoga Research & Investment Management

The Saratoga Research & Investment Management office and employees reside in Saratoga, California. According to the last 13-F report filed with the SEC, James Tanner serves as the Director of Operations at Saratoga Research & Investment Management.

Recent trades

In the most recent 13F filing, Saratoga Research & Investment Management revealed that it had opened a new position in Jp Morgan Us Quality Factor Et and bought 10,926 shares worth $579 million.

The investment fund also strengthened its position in Unilever plc by buying 22,325 additional shares. This makes their stake in Unilever plc total 2,767,207 shares worth $152 billion. Unilever plc soared 19.9% in the past year.

On the other hand, there are companies that Saratoga Research & Investment Management is getting rid of from its portfolio. Saratoga Research & Investment Management closed its position in Int'l Flavors & Frag on 16th August 2024. It sold the previously owned 10,766 shares for $926 million. James Tanner also disclosed a decreased stake in Alphabet Inc by approximately 0.1%. This leaves the value of the investment at $176 billion and 964,746 shares.

One of the largest hedge funds

The two most similar investment funds to Saratoga Research & Investment Management are Sand Hill Global Advisors and Balentine. They manage $2.2 trillion and $2.2 trillion respectively.

James Tanner investment strategy

Saratoga Research & Investment Management’s portfolio is diversified across 7 sectors. Currently, their heaviest sector is Technology — making up 21.9% of the total portfolio value. The fund focuses on investments in the United States as 61.9% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 69% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $367 billion.

The complete list of Saratoga Research & Investment Management trades based on 13F SEC filings

These positions were updated on August 16th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Alphabet Inc	3.63% 964,746	$175,728,484,000	7.99%
Microsoft Corporation	3.01% 354,822	$158,587,880,000	7.21%
RTX Corp	10.24% 1,527,032	$153,298,692,000	6.97%
Unilever plc	0.81% 2,767,207	$152,168,685,000	6.92%
Berkshire Hathaway B	2.97% 340,341	$138,450,515,000	6.30%
Disney Walt Co	3.22% 1,293,333	$128,414,984,000	5.84%
Oracle Corp.	6.00% 842,086	$118,902,543,000	5.41%
Medtronic Plc	1.68% 1,390,900	$109,477,739,000	4.98%
Novo Nordisk Adr	4.47% 748,717	$106,871,865,000	4.86%
Roche Holding Ag	1.94% 2,411,121	$83,593,548,000	3.80%
Johnson & Johnson	25.54% 551,753	$80,644,218,000	3.67%
Apple Inc	4.22% 352,133	$74,166,182,000	3.37%
General Dynamics Corp.	3.14% 252,054	$73,130,802,000	3.33%
Nike, Inc.	20.07% 745,639	$56,198,774,000	2.56%
Home Depot, Inc.	3.68% 157,327	$54,158,246,000	2.46%
Accenture Ltd New	38.33% 170,313	$51,674,516,000	2.35%
Visa Inc	19.95% 194,052	$50,932,828,000	2.32%
Walmart Inc	4.31% 750,923	$50,844,996,000	2.31%
Diageo Plc Adr	1.75% 380,788	$48,009,751,000	2.18%
Ch Robinson Worldwide	0.32% 544,754	$48,003,678,000	2.18%
Adobe Systems	2.73% 79,275	$44,040,434,000	2.00%
Starbucks Corp.	6.28% 564,826	$43,971,704,000	2.00%
Biogen Inc	3.11% 157,791	$36,578,994,000	1.66%
Pepsico	2.08% 181,429	$29,923,003,000	1.36%
3M Co.	3.79% 285,735	$29,199,209,000	1.33%
Procter & Gamble Co.	2.97% 176,607	$29,126,026,000	1.32%
Cisco Systems, Inc.	6.59% 522,215	$24,810,435,000	1.13%
Becton Dickinson & Co.	3.78% 83,839	$19,593,896,000	0.89%
Colgate-Palmolive Co.	6.47% 145,334	$14,103,227,000	0.64%
Coca-Cola Co	4.82% 98,705	$6,282,541,000	0.29%
Alphabet Inc	12.12% 12,923	$2,370,337,000	0.11%
ASML Holding NV	32.39% 1,077	$1,101,480,000	0.05%
Int'l Flavors & Frag	Closed 10,766	$925,768,000
AMGEN Inc.	1.83% 2,526	$789,249,000	0.04%
T. Rowe Price Group Inc.	0.25% 5,195	$599,035,000	0.03%
Jp Morgan Us Quality Factor Et	Opened 10,926	$578,532,000	0.03%
Paychex Inc.	1.26% 4,712	$558,655,000	0.03%
Sysco Corp.	54.27% 7,492	$534,854,000	0.02%
Cognizant Tech Solutions	0.82% 7,591	$516,188,000	0.02%
Int'l Business Machines	1.03% 2,968	$513,316,000	0.02%
Amazon.com Inc.	No change 2,000	$386,500,000	0.02%
Lockheed Martin Corp.	1.81% 815	$380,687,000	0.02%
Intel Corp.	Closed 6,376	$281,628,000
Polaris Industries	Closed 2,526	$252,903,000
Bristol-Myers Squibb Co.	Closed 3,704	$200,868,000
United Security Bancshares	No change 11,000	$79,750,000	0.00%
No transactions found
Showing first 500 out of 46 holdings