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Institutional Investment Manager
Saratoga Research & Investment Management
Saratoga Research & Investment Management (CIK: 0001477872) incorporated in California, located at 14471 Big Basin Way, Saratoga, CA. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 45 holdings with a total value of $1,106,127,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 APPLE INC 662,995 76,788,000 6.94%
2 MICROSOFT CORP 1,193,888 74,188,000 6.71%
3 UNITED TECHNOLOGIES CORP 581,197 63,711,000 5.76%
4 ORACLE CORP 1,609,203 61,874,000 5.59%
5 WAL-MART STORES INC 871,460 60,235,000 5.45%
6 CISCO SYS INC 1,918,852 57,988,000 5.24%
7 BERKSHIRE HATHAWAY INC DEL 337,343 54,980,000 4.97%
8 C.H. ROBINSON WORLDW 688,859 50,466,000 4.56%
9 NOVO-NORDISK A S 1,268,765 45,498,000 4.11%
10 PROCTER AND GAMBLE CO 541,063 45,493,000 4.11%
11 VARIAN MED SYS I 472,868 42,454,000 3.84%
12 BECTON DICKINSON & CO 227,659 37,689,000 3.41%
13 COGNIZANT TECHNOLOGY SOLUTIO 657,043 36,814,000 3.33%
14 INTERNATIONAL BUSINESS MACHS 215,037 35,694,000 3.23%
15 BIOGEN INC 120,326 34,122,000 3.08%
16 ACCENTURE PLC IRELAND 285,090 33,393,000 3.02%
17 3M CO 185,328 33,094,000 2.99%
18 JOHNSON & JOHNSON 272,651 31,412,000 2.84%
19 COCA COLA CO 742,262 30,774,000 2.78%
20 PEPSICO INC 287,806 30,113,000 2.72%
21 EXPEDITORS INTL WASH INC 560,996 29,710,000 2.69%
22 MEDTRONIC PLC 413,211 29,433,000 2.66%
23 POLARIS INDS INC 304,151 25,059,000 2.27%
24 NIKE INC 425,113 21,608,000 1.95%
25 OMNICOM GROUP INC 206,403 17,567,000 1.59%
26 TOTAL SYS SVCS INC 354,486 17,380,000 1.57%
27 ALPHABET INC 16,851 13,354,000 1.21%
28 DISNEY WALT CO 34,082 3,552,000 0.32%
29 STARBUCKS CORP 62,129 3,449,000 0.31%
30 COACH INC 91,804 3,215,000 0.29%
31 Public Storage Dep 23,885 589,000 0.05%
32 MONMOUTH REAL ESTATE INVT CO 29,260 446,000 0.04%
33 PAYCHEX INC 6,580 401,000 0.04%
34 INTEL CORP 10,972 398,000 0.04%
35 ALTRIA GROUP INC 5,500 372,000 0.03%
36 ABBVIE INC 5,450 341,000 0.03%
37 MAGELLAN MIDSTREAM PRTNRS LP 4,500 340,000 0.03%
38 BRISTOL MYERS SQUIBB CO 5,710 334,000 0.03%
39 SPECTRA ENERGY CORP 7,535 310,000 0.03%
40 DIAGEO P L C 2,705 281,000 0.03%
41 KELLOGG CO 3,475 256,000 0.02%
42 NATIONAL GRID PLC 4,320 252,000 0.02%
43 BERKSHIRE HATHAWAY INC DEL 1 244,000 0.02%
44 ONEOK PARTNERS LP 5,350 230,000 0.02%
45 PFIZER INC 6,970 226,000 0.02%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001095449-17-000005, filed 2017.01.18).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.