Saratoga Research & Investment Management
SEC Form 13F institutional filer · CIK 0001477872
13F-HR · 35 reported holdings · 2026-03-31
SEC-registered institutional investment manager.
Reported long-US-equity value
$1.33B
Top-10 concentration
72.9%
Saratoga Research & Investment Management — $1.33B AUM allocation strategy
Saratoga Research & Investment Management files SEC Form 13F and reports $1.33B of long US equity value across 35 reported holdings for 2026-03-31.
Its largest sector bet is Communication Services 21.4%, followed by Information Technology 18.8% and Health Care 17.1%.
The top 10 holdings account for 73% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Saratoga Research & Investment Management — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$1.33B
total across 35 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
73% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$NVDA +224K sh · +$37.8M+$PG +142K sh · +$20.8M+$DIS +105K sh · −$7.72M
Biggest trims (shares)
−$JNJ −121K sh · −$12.3M−$GOOG −109K sh · −$49.7M−$CHRW −55.8K sh · −$7.63M
Added from nil (new positions)
None this quarter
Exited to nil (held last quarter, gone now)
$ORCL ($67.4M last qtr)$WMT ($17.1M last qtr)$IVV ($1.16M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Interactive Media & Services13.2%—
- Systems Software10.3%—
- Multi-Sector Holdings9.8%—
- Pharmaceuticals9.5%—
- Aerospace & Defense8.8%—
- Movies & Entertainment8.2%—
- Health Care Equipment7.6%—
- Semiconductors4.5%—
- Other holdings28.2%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $GOOG | Alphabet Inc. Class C Capital Stock | 611K | $176M | -109K | 13.2% |
| $MSFT | Microsoft Corporation | 369K | $137M | +70.1K | 10.3% |
| $BRK.B | Berkshire Hathaway Inc.-Class B | 272K | $130M | +8.77K | 9.8% |
| $DIS | Walt Disney Company | 1.13M | $109M | +105K | 8.2% |
| $MDT | Medtronic plc | 1.18M | $102M | +20.4K | 7.7% |
| $JNJ | Johnson & Johnson | 339K | $83M | -121K | 6.2% |
| $GD | General Dynamics Corporation | 194K | $66.7M | +5.56K | 5.0% |
| $NVDA | NVIDIA Corporation | 337K | $58.7M | +224K | 4.4% |
| $SBUX | Starbucks Corporation | 630K | $56.4M | +36.3K | 4.2% |
| $PG | Procter & Gamble Company | 360K | $52M | +142K | 3.9% |
…and 25 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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