SATURNA CAPITAL CORP

CIK

1316617

Location

BELLINGHAM, WA

Portfolio Value

Mid $7,126,082,546

Diversification

Diversified

Filing Date

Global Rank

#516 / 8,603 ▲ 5 · as of Mar 2026

Top Industry

Semiconductors 23.5%

3Y Alpha vs SPY

-1.4%

Period ended 3 months ago

Filed May 12, 2026 · 58d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+70.1%

SPY

+76.0%

Annualised alpha

-1.4%

Max drawdown

−20.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

147 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

9.4%

+1.1 pts

Top 5

35.3%

−1.9 pts

Top 10

59.5%

−1.0 pts

HHI

434

Diversified−13

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	48.1%	$3,429,781,210	42
Healthcare	16.7%	$1,186,925,161	15
Industrials	15.9%	$1,133,671,267	30
Consumer Cyclical	7.1%	$502,977,641	11
Communication Services	5.8%	$416,291,473	4
Consumer Defensive	3.7%	$260,914,946	8
Basic Materials	2.4%	$171,793,655	10
Real Estate	0.1%	$8,352,898	9
Financial Services	0.1%	$7,989,985	10
Energy	0.1%	$5,125,073	6
Utilities	0.0%	$2,259,237	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
UL	Unilever PLC	+218,767	794,310	$45,251,840
NOW	ServiceNow, Inc.	+203,138	1,151,313	$120,369,774
WM	Waste Management Inc	+107,305	270,936	$62,258,383
CRH	Crh Public Ltd Co	+89,750	264,355	$27,788,997
NKE	NIKE, Inc.	+55,710	356,440	$18,827,160
SYK	Stryker Corp	+50,229	367,413	$120,728,237
CSCO	Cisco Systems, Inc.	+46,233	1,788,543	$138,773,051
CPRT	Copart Inc	+21,492	36,754	$1,220,232
MRK	Merck & Co., Inc.	+16,425	157,451	$18,939,780
CNI	Canadian National Railway Co	+16,049	400,263	$41,135,028
NICE	NICE Ltd.	+10,752	29,644	$3,268,547
SQM	Chemical & Mining Co Of Chile Inc	+10,545	121,186	$9,808,794
QCOM	Qualcomm Inc/De	+8,253	56,064	$7,219,921
ACM	Aecom	+6,386	10,301	$873,730
APD	Air Products & Chemicals, Inc.	+6,175	122,166	$35,488,001
SAP	Sap SE	+4,952	27,073	$4,635,168
HD	Home Depot, Inc.	+4,759	69,386	$22,820,361
GSK	GSK plc	+4,184	33,346	$1,840,365
EMR	Emerson Electric Co	+3,075	6,239	$817,433
CHD	Church & Dwight Co Inc /De/	+3,046	1,189,676	$111,020,564
FERG	Ferguson Enterprises Inc. /DE/	+2,731	241,805	$56,403,434
PSX	Phillips 66	+2,710	8,334	$1,518,288
ROST	Ross Stores, Inc.	+2,622	11,056	$2,395,061
ABBV	AbbVie Inc.	+1,380	781,671	$170,005,625
LIN	Linde PLC	+1,204	142,925	$70,856,498
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ORCL	Oracle Corp	−318,257	625,467	$92,012,450
NVO	Novo Nordisk A S	−281,992	1,790,627	$65,805,542
GPC	Genuine Parts Co	−232,000	152,010	$16,075,057
ADBE	Adobe Inc.	−156,117	9,533	$2,317,281
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−49,005	1,992,101	$673,230,532
SCCO	Southern Copper Corp/	−35,957	7,282	$1,240,535
AVGO	Broadcom Inc.	−31,896	1,497,180	$463,392,181
JCI	Johnson Controls International plc	−27,255	2,604,438	$341,051,156
NVDA	Nvidia Corp	−20,607	2,208,991	$385,248,030
MSFT	Microsoft Corp	−16,173	1,047,266	$387,666,455
ORLY	O Reilly Automotive Inc	−9,531	46,719	$4,312,630
SAN	Banco Santander, S.A.	−9,400	26,000	$293,280
GOOGL	Alphabet Inc.	−8,956	1,431,204	$411,557,022
TJX	Tjx Companies Inc /De/	−8,394	1,220,155	$194,858,753
LLY	ELI LILLY & Co	−6,242	555,104	$510,568,006
NEE	Nextera Energy Inc	−6,003	16,039	$1,489,702
AAPL	Apple Inc.	−5,961	1,780,138	$451,781,223
INTU	Intuit Inc.	−5,647	2,568	$1,110,351
TEL	TE Connectivity plc	−5,637	6,458	$1,349,851
TRMB	Trimble Inc.	−5,553	1,682,542	$109,752,214
AEM	Agnico Eagle Mines Ltd	−5,343	20,388	$4,138,356
LOW	Lowes Companies Inc	−4,939	414,432	$97,921,992
ITRI	Itron, Inc.	−3,992	3,000	$268,890
ASML	Asml Holding NV	−3,431	316,657	$418,250,065
APH	Amphenol Corp /De/	−3,362	32,153	$4,062,531
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	821,571	$162,030,232
COP	Conocophillips	15,075	$1,989,900
GEHC	GE HealthCare Technologies Inc.	8,655	$616,062
RYN	Rayonier Inc	14,074	$290,205
DOX	Amdocs Ltd	4,200	$274,092
GLW	Corning Inc /Ny	2,000	$271,940
XOM	ExxonMobil Holdings Corp	1,584	$268,741
CVX	Chevron Corp	1,033	$213,727
URI	United Rentals, Inc.	290	$211,282
CAT	Caterpillar Inc	295	$208,995
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
A	Agilent Technologies, Inc.	199,390	$27,130,997
MICC	Magnum Ice Cream Co N.V.	121,551	$1,926,583
SONY	Sony Group Corp	20,000	$512,000
ECL	Ecolab Inc.	1,500	$393,780
IT	Gartner Inc	1,371	$345,875
EXPO	Exponent Inc	4,000	$277,840
VIRT	Virtu Financial, Inc.	7,500	$249,900
ALC	Alcon Inc	3,045	$239,976
FBIN	Fortune Brands Innovations, Inc.	4,440	$222,088
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

147 positions · $7,126,082,546 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 147 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	1,992,101	-49,005	$673,230,532	+8.5%	9.45%
LLY	ELI LILLY & Co Healthcare	Reduced	555,104	-6,242	$510,568,006	−15.4%	7.16%
AVGO	Broadcom Inc. Technology	Reduced	1,497,180	-31,896	$463,392,181	−12.4%	6.50%
AAPL	Apple Inc. Technology	Reduced	1,780,138	-5,961	$451,781,223	−7.0%	6.34%
ASML	Asml Holding NV Technology	Reduced	316,657	-3,431	$418,250,065	+22.1%	5.87%
GOOGL	Alphabet Inc. Communication Services	Reduced	1,431,204	-8,956	$411,557,022	−8.7%	5.78%
MSFT	Microsoft Corp Technology	Reduced	1,047,266	-16,173	$387,666,455	−24.6%	5.44%
NVDA	Nvidia Corp Technology	Reduced	2,208,991	-20,607	$385,248,030	−7.4%	5.41%
JCI	Johnson Controls International plc Industrials	Reduced	2,604,438	-27,255	$341,051,156	+8.2%	4.79%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	1,220,155	-8,394	$194,858,753	+3.3%	2.73%
ABBV	AbbVie Inc. Healthcare	Added	781,671	+1,380	$170,005,625	−4.6%	2.39%
TT	Trane Technologies plc Industrials	Reduced	401,732	-936	$167,417,793	+6.8%	2.35%
AZN	Astrazeneca PLC Healthcare	NEW	821,571	NEW	$162,030,232	NEW	2.27%
CSCO	Cisco Systems, Inc. Technology	Added	1,788,543	+46,233	$138,773,051	+3.4%	1.95%
AZO	Autozone Inc Consumer Cyclical	Added	40,965	+34	$138,370,757	−0.3%	1.94%
SYK	Stryker Corp Healthcare	Added	367,413	+50,229	$120,728,237	+8.3%	1.69%
NOW	ServiceNow, Inc. Technology	Added	1,151,313	+203,138	$120,369,774	−17.1%	1.69%
CHD	Church & Dwight Co Inc /De/ Consumer Defensive	Added	1,189,676	+3,046	$111,020,564	+11.6%	1.56%
TRMB	Trimble Inc. Technology	Reduced	1,682,542	-5,553	$109,752,214	−17.0%	1.54%
ROK	Rockwell Automation, Inc Industrials	Added	301,481	+19	$108,195,501	−7.8%	1.52%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	414,432	-4,939	$97,921,992	−3.2%	1.37%
ORCL	Oracle Corp Technology	Reduced	625,467	-318,257	$92,012,450	−50.0%	1.29%
GWW	W.W. Grainger, Inc. Industrials	Held	81,994	0	$89,439,883	+8.1%	1.26%
AMD	Advanced Micro Devices Inc Technology	Reduced	421,134	-1,896	$85,671,289	−5.4%	1.20%
ITW	Illinois Tool Works Inc Industrials	Reduced	306,212	-231	$79,703,921	+5.6%	1.12%
ETN	Eaton Corp plc Industrials	Reduced	201,103	-2,218	$71,928,510	+11.1%	1.01%
LIN	Linde PLC Basic Materials	Added	142,925	+1,204	$70,856,498	+17.3%	0.99%
LECO	Lincoln Electric Holdings Inc Industrials	Held	268,975	0	$66,996,293	+3.9%	0.94%
NVO	Novo Nordisk A S Healthcare	Reduced	1,790,627	-281,992	$65,805,542	−37.6%	0.92%
WM	Waste Management Inc Industrials	Added	270,936	+107,305	$62,258,383	+73.2%	0.87%
FERG	Ferguson Enterprises Inc. /DE/ Industrials	Added	241,805	+2,731	$56,403,434	+6.0%	0.79%
TXN	Texas Instruments Inc Technology	Added	257,374	+9	$49,966,588	+11.9%	0.70%
NVS	Novartis AG Healthcare	Reduced	311,008	-1,654	$47,506,472	+10.2%	0.67%
UL	Unilever PLC Consumer Defensive	Added	794,310	+218,767	$45,251,840	+20.2%	0.64%
JNJ	Johnson & Johnson Healthcare	Reduced	179,177	-1,725	$43,798,025	+17.0%	0.61%
CNI	Canadian National Railway Co Industrials	Added	400,263	+16,049	$41,135,028	+8.3%	0.58%
ABT	Abbott Laboratories Healthcare	Added	391,930	+75	$40,239,453	−18.0%	0.56%
CL	Colgate Palmolive Co Consumer Defensive	Held	450,252	0	$38,374,977	+7.9%	0.54%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	122,166	+6,175	$35,488,001	+23.9%	0.50%
UPS	United Parcel Service Inc Industrials	Reduced	303,390	-1,855	$29,847,508	−1.4%	0.42%
KMB	Kimberly Clark Corp Consumer Defensive	Held	301,117	0	$29,048,756	−4.4%	0.41%
KVUE	Kenvue Inc. Consumer Defensive	Added	1,677,123	+236	$28,913,600	−0.0%	0.41%
CRH	Crh Public Ltd Co Basic Materials	Added	264,355	+89,750	$27,788,997	+27.5%	0.39%
HD	Home Depot, Inc. Consumer Cyclical	Added	69,386	+4,759	$22,820,361	+2.6%	0.32%
MRK	Merck & Co., Inc. Healthcare	Added	157,451	+16,425	$18,939,780	+27.6%	0.27%
NKE	NIKE, Inc. Consumer Cyclical	Added	356,440	+55,710	$18,827,160	−1.7%	0.26%
GPC	Genuine Parts Co Consumer Cyclical	Reduced	152,010	-232,000	$16,075,057	−66.0%	0.23%
RIO	Rio Tinto PLC Basic Materials	Added	107,264	+835	$10,006,658	+17.5%	0.14%
SQM	Chemical & Mining Co Of Chile Inc Basic Materials	Added	121,186	+10,545	$9,808,794	+28.9%	0.14%
B	Barrick Mining Corp Basic Materials	Reduced	212,061	-200	$8,649,968	−6.4%	0.12%