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Saratoga Research & Investment Management

CIK:0001477872
Investment Adviser
$2B AUM
44 holdings
Saratoga, CA, USA
Founded:1995
22 employees
Latest filing:Jun 30, 2025

Saratoga Research & Investment Management is an SEC Registered Investment Advisor headquartered in Saratoga, California. Founded in 1995, the firm specializes in constructing and managing equity portfolios for high-net-worth individuals, retirement accounts, trusts, endowments, and foundations. As of June 2025, the firm manages approximately $2.5 billion in separately managed accounts and advises on models totaling about $2.8 billion. The company employs 22 staff and serves clients across the United States and Canada.

Investment Strategy

Saratoga Research & Investment Management focuses on the construction and management of equity portfolios comprised of high-quality businesses. Their investment philosophy centers on 'common sense investment principles' designed to meet the long-term needs of conservative individual and institutional investors. The firm emphasizes disciplined portfolio management, targeting durable companies and aiming to preserve capital while pursuing consistent growth over time.

Latest 13F Filing Activity

Saratoga Research & Investment Management filed their most recent 13F report on Jun 30, 2025 disclosing 44 equity positions with a total 13F market value of $2B. The fund increased holdings in Microsoft Corp., Walt Disney Company, Alphabet Inc. among other positions. Saratoga Research & Investment Management reduced exposure to Apple Inc., Nike, Inc., Berkshire Hathaway Inc. among others.

Top Buys
M
MSFTMicrosoft Corp.
+$37.7M
D
DISWalt Disney Company
+$21.4M
G
GOOGLAlphabet Inc.
+$17.2M
O
ORCLOracle Corp.
+$15.9M
Z
ZTSZoetis Inc.
+$15.4M
Top Sells
A
AAPLApple Inc.
-$25.3M
N
NKENike, Inc.
-$23.4M
B
BRK-BBerkshire Hathaway Inc.
-$22.9M
R
RTXRTX Corp.
-$21.8M
W
WMTWalmart Inc
-$18.3M

Top Holdings

M
MSFTMicrosoft Corp.
+8.5%$158.2M
D
DISWalt Disney Company
+8.3%$155.5M
G
GOOGLAlphabet Inc.
+7.8%$146.5M
U
ULUnilever PLC
+7.1%$131.9M
B
BRK-BBerkshire Hathaway Inc.
+6.7%$125.5M

Equity Positions (44)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
Microsoft Corp.8.47%$158.2M318,079$81.57$497.41+$37.7M
Walt Disney Company8.32%$155.5M1,253,656$103.18$124.01+$21.4M
Alphabet Inc.7.84%$146.5M831,445$79.95$176.23+$17.2M
Unilever PLC7.06%$131.9M2,157,095$53.13$61.17-$2.5M
Berkshire Hathaway Inc.6.72%$125.5M258,265$188.36$485.77-$22.9M

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+14.1%
PHARMACEUTICAL PREPARATIONS
+13.3%
SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION
+12.2%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+10.1%
SOAP, DETERGENTS, CLEANG PREPARATIONS, PERFUMES, COSMETICS
+8.3%