Q2 2025 · 13F-HR
SATURNA CAPITAL CORPholdings as filed
Filed 2025-08-12 · accession 0001316617-25-000009
$7.40B
Reported value
157
Positions
2025-06-30
Period end
The Brief · SATURNA CAPITAL CORP · Q2 2025
AI · grounded in 13F
SATURNA CAPITAL CORP established a new position in MSFT valued at $553.7M. The fund also initiated new stakes in TSM for $484.1M and LLY for $462.7M. Other new additions include AVGO at $422.8M and AAPL at $376.5M. Total assets under management stand at $7.4B across 157 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | Microsoft | $553.7M | 7.48% | 1,113,148 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductor ADS | $484.1M | 6.54% | 2,137,279 | Common | SOLE |
| 532457108 | LLY | Eli Lilly | $462.7M | 6.25% | 593,584 | Common | SOLE |
| 11135F101 | AVGO | Broadcom Ltd | $422.8M | 5.71% | 1,533,809 | Common | SOLE |
| 037833100 | AAPL | Apple | $376.5M | 5.09% | 1,835,276 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA | $354.9M | 4.80% | 2,246,118 | Common | SOLE |
| G51502105 | JCI | Johnson Controls International | $279.6M | 3.78% | 2,647,612 | Common | SOLE |
| N07059210 | ASML | ASML Holding NY | $257.2M | 3.48% | 320,967 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet, Class A | $253.9M | 3.43% | 1,440,771 | Common | SOLE |
| 461202103 | INTU | Intuit | $233.0M | 3.15% | 295,763 | Common | SOLE |
| 68389X105 | ORCL | Oracle | $208.4M | 2.82% | 953,192 | Common | SOLE |
| 81762P102 | NOW | ServiceNow | $194.8M | 2.63% | 189,501 | Common | SOLE |
| G8994E103 | TT | Trane | $177.1M | 2.39% | 404,986 | Common | SOLE |
| 872540109 | TJX | TJX Companies | $152.0M | 2.05% | 1,230,877 | Common | SOLE |
| 053332102 | AZO | AutoZone | $151.8M | 2.05% | 40,885 | Common | SOLE |
| 742718109 | PG | Procter & Gamble | $147.3M | 1.99% | 924,568 | Common | SOLE |
| 670100205 | NVO | Novo Nordisk ADS | $146.6M | 1.98% | 2,123,692 | Common | SOLE |
| 49338L103 | KEYS | Keysight Technologies | $139.6M | 1.89% | 851,998 | Common | SOLE |
| 00287Y109 | ABBV | AbbVie | $133.5M | 1.80% | 719,013 | Common | SOLE |
| 00724F101 | ADBE | Adobe | $132.4M | 1.79% | 342,163 | Common | SOLE |
| 896239100 | TRMB | Trimble | $128.4M | 1.74% | 1,690,562 | Common | SOLE |
| 863667101 | SYK | Stryker | $125.5M | 1.70% | 317,311 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems | $121.1M | 1.64% | 1,744,887 | Common | SOLE |
| 171340102 | CHD | Church & Dwight | $115.3M | 1.56% | 1,199,640 | Common | SOLE |
| 046353108 | AZNN | AstraZeneca ADS | $114.2M | 1.54% | 1,633,715 | Common | SOLE |
| 773903109 | ROK | Rockwell Automation | $100.2M | 1.35% | 301,507 | Common | SOLE |
| 548661107 | LOW | Lowe's | $94.7M | 1.28% | 426,853 | Common | SOLE |
| 384802104 | GWW | W.W. Grainger | $85.3M | 1.15% | 82,003 | Common | SOLE |
| 452308109 | ITW | Illinois Tool Works | $76.2M | 1.03% | 308,328 | Common | SOLE |
| 366651107 | IT | Gartner | $73.0M | 0.99% | 180,691 | Common | SOLE |
| G29183103 | ETN | Eaton Corp PLC | $72.6M | 0.98% | 203,498 | Common | SOLE |
| G54950103 | LIN | Linde | $63.8M | 0.86% | 135,977 | Common | SOLE |
| 00846U101 | A | Agilent Technologies | $63.7M | 0.86% | 539,400 | Common | SOLE |
| 882508104 | TXN | Texas Instruments | $56.5M | 0.76% | 272,025 | Common | SOLE |
| 533900106 | LECO | Lincoln Electric Holdings | $55.8M | 0.75% | 269,070 | Common | SOLE |
| 002824100 | ABT | Abbott Laboratories | $53.4M | 0.72% | 392,395 | Common | SOLE |
| 31488V107 | FERG | Ferguson Enterprises Inc | $51.9M | 0.70% | 238,178 | Common | SOLE |
| 372460105 | GPC | Genuine Parts | $46.6M | 0.63% | 384,075 | Common | SOLE |
| 579780206 | MKC | McCormick & Co | $42.5M | 0.57% | 560,423 | Common | SOLE |
| 194162103 | CL | Colgate-Palmolive | $40.9M | 0.55% | 450,327 | Common | SOLE |
| 136375102 | CNI | Canadian National Railway | $40.0M | 0.54% | 384,280 | Common | SOLE |
| 494368103 | KMB | Kimberly-Clark | $38.9M | 0.53% | 301,374 | Common | SOLE |
| 66987V109 | NVS | Novartis ADS | $38.2M | 0.52% | 315,876 | Common | SOLE |
| 904767704 | — | Unilever ADS | $37.1M | 0.50% | 606,808 | Common | SOLE |
| 49177J102 | KVUE | Kenvue Inc | $36.2M | 0.49% | 1,731,373 | Common | SOLE |
| 007903107 | AMD | Advanced Micro Devices | $35.9M | 0.49% | 253,175 | Common | SOLE |
| 907818108 | UNP | Union Pacific | $31.7M | 0.43% | 137,594 | Common | SOLE |
| 009158106 | APD | Air Products & Chemicals | $31.3M | 0.42% | 111,035 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $27.9M | 0.38% | 182,398 | Common | SOLE |
| 911312106 | UPS | United Parcel Service, Cl B | $27.1M | 0.37% | 268,288 | Common | SOLE |
| 031162100 | AMGN | Amgen | $13.1M | 0.18% | 47,077 | Common | SOLE |
| 437076102 | HD | Home Depot | $12.6M | 0.17% | 34,464 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co | $11.5M | 0.16% | 145,106 | Common | SOLE |
| 654106103 | NKE | Nike, Class B | $11.0M | 0.15% | 155,055 | Common | SOLE |
| 747525103 | QCOM | Qualcomm | $8.1M | 0.11% | 50,813 | Common | SOLE |
| 023135106 | AMZN | Amazon.com | $6.4M | 0.09% | 28,999 | Common | SOLE |
| 466313103 | JBL | Jabil Inc | $6.2M | 0.08% | 28,600 | Common | SOLE |
| 58733R102 | MELI | MercadoLibre | $6.2M | 0.08% | 2,360 | Common | SOLE |
| 803054204 | SAP | SAP ADS | $6.1M | 0.08% | 19,949 | Common | SOLE |
| 67103H107 | ORLY | O'Reilly Automotive | $5.2M | 0.07% | 57,405 | Common | NONE |
| 767204100 | RIO | Rio Tinto ADS | $5.0M | 0.07% | 85,920 | Common | SOLE |
| 84265V105 | SCCO | Southern Copper | $4.5M | 0.06% | 44,700 | Common | SOLE |
| 101137107 | BSX | Boston Scientific | $4.5M | 0.06% | 41,791 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $4.4M | 0.06% | 48,467 | Common | SOLE |
| 22160K105 | COST | Costco Wholesale | $4.3M | 0.06% | 4,346 | Common | SOLE |
| 609839105 | MPWR | Monolithic Power Systems | $4.2M | 0.06% | 5,774 | Common | SOLE |
| 06849F108 | B | Barrick Mining Corporation | $3.7M | 0.05% | 176,561 | Common | SOLE |
| 456788108 | INFY | Infosys ADS | $3.5M | 0.05% | 191,318 | Common | SOLE |
| 008474108 | AEM | Agnico-Eagle Mines | $3.5M | 0.05% | 29,148 | Common | NONE |
| 30303M102 | META | Meta Platforms Inc Cl A | $3.4M | 0.05% | 4,607 | Common | SOLE |
| 57636Q104 | MA | Mastercard, Class A | $3.3M | 0.05% | 5,947 | Common | SOLE |
| 653656108 | NICE | NICE Systems ADR | $3.2M | 0.04% | 18,917 | Common | SOLE |
| 620076307 | MSI | Motorola Solutions | $3.1M | 0.04% | 7,395 | Common | SOLE |
| G1151C101 | ACN | Accenture, Class A | $3.1M | 0.04% | 10,229 | Common | NONE |
| 74762E102 | QURE | Quanta Services | $3.0M | 0.04% | 8,061 | Common | SOLE |
| 833635105 | SQM | Quimica y Minera Chile ADS | $2.8M | 0.04% | 80,407 | Common | SOLE |
| 615369105 | MCO | Moody's | $2.5M | 0.03% | 5,015 | Common | NONE |
| 902252105 | TYL | Tyler Technologies | $2.5M | 0.03% | 4,203 | Common | NONE |
| G87052109 | TEL | TE Connectivity | $2.3M | 0.03% | 13,460 | Common | NONE |
| 22052L104 | CTVA | Corteva | $2.1M | 0.03% | 28,463 | Common | SOLE |
| 74460D109 | PSA | Public Storage International | $2.1M | 0.03% | 7,136 | Common | NONE |
| 61174X109 | MNST | Monster Beverage | $2.1M | 0.03% | 33,383 | Common | SOLE |
| 79466L302 | CRM | Salesforce Inc. | $1.8M | 0.02% | 6,761 | Common | NONE |
| 217204106 | CPRT | Copart | $1.8M | 0.02% | 37,132 | Common | NONE |
| 760759100 | RSG | Republic Services | $1.8M | 0.02% | 7,315 | Common | NONE |
| 34959E109 | FTNT | Fortinet Inc. | $1.8M | 0.02% | 16,834 | Common | SOLE |
| 715684106 | TLK | Telekomunikasi Indonesia ADS | $1.7M | 0.02% | 100,782 | Common | SOLE |
| 697435105 | PANW | Palo Alto Networks Inc. | $1.7M | 0.02% | 8,175 | Common | NONE |
| 311900104 | FAST | Fastenal | $1.5M | 0.02% | 36,288 | Common | NONE |
| N6596X109 | NXPI | NXP Semiconductors | $1.4M | 0.02% | 6,209 | Common | NONE |
| 942622200 | WSO | Watsco | $1.3M | 0.02% | 3,051 | Common | NONE |
| 94106L109 | WM | Waste Management | $1.3M | 0.02% | 5,851 | Common | NONE |
| 199908104 | FIX | Comfort Systems USA | $1.3M | 0.02% | 2,451 | Common | NONE |
| 465741106 | ITRI | Itron | $1.3M | 0.02% | 9,981 | Common | NONE |
| 74340W103 | PLD | Prologis Inc | $1.3M | 0.02% | 12,382 | Common | NONE |
| 30214U102 | EXPO | Exponent | $1.2M | 0.02% | 15,817 | Common | NONE |
| 65339F101 | NEE | NextEra Energy | $1.1M | 0.02% | 16,415 | Common | SOLE |
| 29444U700 | EQIX | Equinix | $1.1M | 0.02% | 1,417 | Common | NONE |
| 655844108 | NSC | Norfolk Southern | $1.0M | 0.01% | 4,035 | Common | NONE |
| 126402106 | CSW | CSW Industrials, Inc. | $973,788 | 0.01% | 3,395 | Common | NONE |
| 53263P105 | LMB | Limbach Holdings, Inc | $962,067 | 0.01% | 6,867 | Common | NONE |
| H1467J104 | CB | Chubb | $918,412 | 0.01% | 3,170 | Common | SOLE |
| 37733W204 | GSK | GlaxoSmithKline ADS | $870,067 | 0.01% | 22,658 | Common | SOLE |
| 46625H100 | JPM | JP Morgan Chase | $832,911 | 0.01% | 2,873 | Common | NONE |
| 95040Q104 | WELL | Welltower | $798,626 | 0.01% | 5,195 | Common | NONE |
| 892356106 | TSCO | Tractor Supply | $782,578 | 0.01% | 14,830 | Common | NONE |
| 776696106 | ROP | Roper Technologies | $752,764 | 0.01% | 1,328 | Common | NONE |
| 032095101 | APH | Amphenol Corp Class A | $740,625 | 0.01% | 7,500 | Common | NONE |
| 13321L108 | CCJ | Cameco Corp | $712,088 | 0.01% | 9,593 | Common | NONE |
| G0403H108 | AON | Aon PLC | $709,596 | 0.01% | 1,989 | Common | NONE |
| 25746U109 | D | Dominion Energy | $696,044 | 0.01% | 12,315 | Common | SOLE |
| 459200101 | IBM | International Business Machines | $685,069 | 0.01% | 2,324 | Common | NONE |
| 595017104 | MCHP | Microchip Technology | $677,311 | 0.01% | 9,625 | Common | NONE |
| 133131102 | CPT | Camden Property Trust | $675,013 | 0.01% | 5,990 | Common | NONE |
| 928254101 | VIRT | Virtu Financial | $671,850 | 0.01% | 15,000 | Common | SOLE |
| 336433107 | FSLR | First Solar | $652,724 | 0.01% | 3,943 | Common | NONE |
| 29476L107 | EQR | Equity Residential Property Trust | $646,216 | 0.01% | 9,575 | Common | SOLE |
| 29084Q100 | EME | EMCOR Group | $610,844 | 0.01% | 1,142 | Common | SOLE |
| 59522J103 | MAA | Mid-America Apartment Communities | $578,718 | 0.01% | 3,910 | Common | NONE |
| 291011104 | EMR | Emerson Electric | $567,586 | 0.01% | 4,257 | Common | NONE |
| 962166104 | WY | Weyerhaeuser | $564,641 | 0.01% | 21,979 | Common | NONE |
| 088606108 | BHP | BHP Biliton ADR | $558,998 | 0.01% | 11,624 | Common | SOLE |
| 737630103 | PCH | Potlatch | $547,923 | 0.01% | 14,280 | Common | NONE |
| 339750101 | FND | Floor & Decor Holdings, Inc. Class | $543,113 | 0.01% | 7,150 | Common | NONE |
| 835699307 | SONY | Sony ADS | $520,600 | 0.01% | 20,000 | Common | SOLE |
| 92826C839 | V | Visa | $486,063 | 0.01% | 1,369 | Common | SOLE |
| 718546104 | PSX | Phillips 66 | $463,838 | 0.01% | 3,888 | Common | NONE |
| 235851102 | DHR | Danaher | $459,281 | 0.01% | 2,325 | Common | NONE |
| 04010E109 | AGX | Argan, Inc. | $458,157 | 0.01% | 2,078 | Common | NONE |
| 13646K108 | CP | Canadian Pacific Kansas City Ltd | $457,229 | 0.01% | 5,768 | Common | SOLE |
| 20825C104 | COP | ConocoPhillips | $450,944 | 0.01% | 5,025 | Common | NONE |
| 98980G102 | ZS | Zscaler | $438,888 | 0.01% | 1,398 | Common | NONE |
| 278865100 | ECL | Ecolab | $404,160 | 0.01% | 1,500 | Common | SOLE |
| 91324P102 | UNH | UnitedHealth Group | $371,556 | 0.01% | 1,191 | Common | NONE |
| 02079K107 | GOOG | Alphabet inc., C | $346,088 | 0.00% | 1,951 | Common | NONE |
| 46120E602 | ISRG | Intuitive Surgical | $338,544 | 0.00% | 623 | Common | NONE |
| 576853105 | MTRX | Matrix Service Company | $322,214 | 0.00% | 23,850 | Common | NONE |
| 92343V104 | VZ | Verizon Communications | $320,631 | 0.00% | 7,410 | Common | SOLE |
| 778296103 | ROST | Ross Stores | $320,226 | 0.00% | 2,510 | Common | SOLE |
| 83175M205 | SNN | Smith & Nephew plc ADS | $311,538 | 0.00% | 10,171 | Common | NONE |
| G6700G107 | NVT | nVent Electric plc | $310,726 | 0.00% | 4,242 | Common | SOLE |
| 370334104 | GIS | General Mills | $306,093 | 0.00% | 5,908 | Common | SOLE |
| H01301128 | ALC | Alcon | $295,297 | 0.00% | 3,345 | Common | SOLE |
| 701094104 | PH | Parker Hannifin | $293,357 | 0.00% | 420 | Common | SOLE |
| 29355A107 | ENPH | Enphase Energy | $291,467 | 0.00% | 7,351 | Common | SOLE |
| 780259305 | SHEL | Shell Plc | $267,558 | 0.00% | 3,800 | Common | SOLE |
| 34964C106 | FBIN | Fortune Brands Innovations | $266,758 | 0.00% | 4,590 | Common | NONE |
| 78440P306 | SKM | SK Telecom ADR | $256,850 | 0.00% | 11,000 | Common | SOLE |
| 09857L108 | BKNG | Booking Holdings | $225,780 | 0.00% | 39 | Common | NONE |
| 20717M103 | 8QR | Confluent Inc | $216,891 | 0.00% | 8,700 | Common | NONE |
| 665859104 | NTRS | Northern Trust | $211,359 | 0.00% | 1,667 | Common | NONE |
| 891160509 | TD | Toronto-Dominion Bank | $209,333 | 0.00% | 2,850 | Common | NONE |
| 949746101 | WMT2 | Wells Fargo | $204,947 | 0.00% | 2,558 | Common | NONE |
| 82982T106 | SITM | SITIME CORP COM | $204,557 | 0.00% | 960 | Common | NONE |
| 05964H105 | SAN | Banco Santander ADS | $145,250 | 0.00% | 17,500 | Common | SOLE |
| 268158201 | DVAX | Dynavax Technologies Corp | $135,041 | 0.00% | 13,613 | Common | NONE |
| 462260100 | IOVA | Iovance Biotherapeutics Inc | $35,351 | 0.00% | 20,553 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.