Q3 2025 · 13F-HR
SATURNA CAPITAL CORPholdings as filed
Filed 2025-11-14 · accession 0001316617-25-000012
$7.76B
Reported value
157
Positions
2025-09-30
Period end
The Brief · SATURNA CAPITAL CORP · Q3 2025
AI · grounded in 13F
SATURNA CAPITAL CORP established a new position in Taiwan Semiconductor ADS TSM worth $597.5M. The fund also initiated new stakes in Microsoft MSFT for $577.1M and Broadcom Ltd AVGO for $505.2M. Other new additions include Apple AAPL at $457.8M and Eli Lilly LLY at $449.8M. Total assets under management stand at $7.76B across 157 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 874039100 | TSM | Taiwan Semiconductor ADS | $597.5M | 7.70% | 2,139,440 | Common | SOLE |
| 594918104 | MSFT | Microsoft | $577.1M | 7.44% | 1,114,146 | Common | SOLE |
| 11135F101 | AVGO | Broadcom Ltd | $505.2M | 6.51% | 1,531,367 | Common | SOLE |
| 037833100 | AAPL | Apple | $457.8M | 5.90% | 1,798,007 | Common | SOLE |
| 532457108 | LLY | Eli Lilly | $449.8M | 5.80% | 589,510 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA | $417.3M | 5.38% | 2,236,700 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet, Class A | $351.1M | 4.53% | 1,444,219 | Common | SOLE |
| N07059210 | ASML | ASML Holding NY | $311.2M | 4.01% | 321,457 | Common | SOLE |
| G51502105 | JCI | Johnson Controls International | $291.0M | 3.75% | 2,646,952 | Common | SOLE |
| 68389X105 | ORCL | Oracle | $266.4M | 3.43% | 947,151 | Common | SOLE |
| 461202103 | INTU | Intuit | $202.2M | 2.61% | 296,119 | Common | SOLE |
| 872540109 | TJX | TJX Companies | $177.9M | 2.29% | 1,230,514 | Common | SOLE |
| 053332102 | AZO | AutoZone | $176.9M | 2.28% | 41,230 | Common | SOLE |
| 81762P102 | NOW | ServiceNow | $174.6M | 2.25% | 189,677 | Common | SOLE |
| 00287Y109 | ABBV | AbbVie | $173.5M | 2.24% | 749,148 | Common | SOLE |
| G8994E103 | TT | Trane | $170.9M | 2.20% | 404,971 | Common | SOLE |
| 49338L103 | KEYS | Keysight Technologies | $149.0M | 1.92% | 851,670 | Common | SOLE |
| 896239100 | TRMB | Trimble | $137.9M | 1.78% | 1,688,938 | Common | SOLE |
| 046353108 | AZNN | AstraZeneca ADS | $125.4M | 1.62% | 1,634,995 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems | $119.4M | 1.54% | 1,744,897 | Common | SOLE |
| 863667101 | SYK | Stryker | $117.3M | 1.51% | 317,316 | Common | SOLE |
| 670100205 | NVO | Novo Nordisk ADS | $115.1M | 1.48% | 2,074,653 | Common | SOLE |
| 548661107 | LOW | Lowe's | $107.0M | 1.38% | 425,924 | Common | SOLE |
| 773903109 | ROK | Rockwell Automation | $105.4M | 1.36% | 301,507 | Common | SOLE |
| 171340102 | CHD | Church & Dwight | $104.5M | 1.35% | 1,191,945 | Common | SOLE |
| 452308109 | ITW | Illinois Tool Works | $80.4M | 1.04% | 308,203 | Common | SOLE |
| 00724F101 | ADBE | Adobe | $78.9M | 1.02% | 223,645 | Common | SOLE |
| 384802104 | GWW | W.W. Grainger | $78.1M | 1.01% | 82,003 | Common | SOLE |
| G29183103 | ETN | Eaton Corp PLC | $76.1M | 0.98% | 203,362 | Common | SOLE |
| G54950103 | LIN | Linde | $64.7M | 0.83% | 136,302 | Common | SOLE |
| 533900106 | LECO | Lincoln Electric Holdings | $63.4M | 0.82% | 269,020 | Common | SOLE |
| 31488V107 | FERG | Ferguson Enterprises Inc | $53.6M | 0.69% | 238,803 | Common | SOLE |
| 372460105 | GPC | Genuine Parts | $53.2M | 0.69% | 384,075 | Common | SOLE |
| 002824100 | ABT | Abbott Laboratories | $52.5M | 0.68% | 392,295 | Common | SOLE |
| 882508104 | TXN | Texas Instruments | $48.8M | 0.63% | 265,692 | Common | SOLE |
| 007903107 | AMD | Advanced Micro Devices | $42.9M | 0.55% | 265,400 | Common | SOLE |
| 66987V109 | NVS | Novartis ADS | $40.4M | 0.52% | 315,301 | Common | SOLE |
| 00846U101 | A | Agilent Technologies | $39.5M | 0.51% | 307,400 | Common | SOLE |
| 494368103 | KMB | Kimberly-Clark | $37.5M | 0.48% | 301,374 | Common | SOLE |
| 904767704 | — | Unilever ADS | $36.3M | 0.47% | 612,638 | Common | SOLE |
| 136375102 | CNI | Canadian National Railway | $36.2M | 0.47% | 384,280 | Common | SOLE |
| 194162103 | CL | Colgate-Palmolive | $36.0M | 0.46% | 450,327 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $33.8M | 0.44% | 182,083 | Common | SOLE |
| 579780206 | MKC | McCormick & Co | $33.3M | 0.43% | 497,596 | Common | SOLE |
| 009158106 | APD | Air Products & Chemicals | $31.0M | 0.40% | 113,535 | Common | SOLE |
| 366651107 | IT | Gartner | $30.0M | 0.39% | 113,941 | Common | SOLE |
| 94106L109 | WM | Waste Management | $27.9M | 0.36% | 126,549 | Common | SOLE |
| 49177J102 | KVUE | Kenvue Inc | $27.9M | 0.36% | 1,718,707 | Common | SOLE |
| 911312106 | UPS | United Parcel Service, Cl B | $25.5M | 0.33% | 305,525 | Common | SOLE |
| 742718109 | PG | Procter & Gamble | $24.5M | 0.32% | 159,382 | Common | SOLE |
| 437076102 | HD | Home Depot | $21.0M | 0.27% | 51,804 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $13.4M | 0.17% | 112,022 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co | $12.2M | 0.16% | 145,149 | Common | SOLE |
| 654106103 | NKE | Nike, Class B | $10.9M | 0.14% | 155,830 | Common | SOLE |
| 747525103 | QCOM | Qualcomm | $8.9M | 0.12% | 53,699 | Common | SOLE |
| 767204100 | RIO | Rio Tinto ADS | $7.0M | 0.09% | 106,269 | Common | SOLE |
| 06849F108 | B | Barrick Mining Corporation | $6.9M | 0.09% | 211,561 | Common | SOLE |
| 466313103 | JBL | Jabil Inc | $6.4M | 0.08% | 29,560 | Common | SOLE |
| 023135106 | AMZN | Amazon.com | $6.4M | 0.08% | 28,999 | Common | SOLE |
| 609839105 | MPWR | Monolithic Power Systems | $6.2M | 0.08% | 6,781 | Common | SOLE |
| 67103H107 | ORLY | O'Reilly Automotive | $6.2M | 0.08% | 57,302 | Common | NONE |
| 84265V105 | SCCO | Southern Copper | $5.5M | 0.07% | 45,150 | Common | SOLE |
| 833635105 | SQM | Quimica y Minera Chile ADS | $4.7M | 0.06% | 110,407 | Common | SOLE |
| 008474108 | AEM | Agnico-Eagle Mines | $4.6M | 0.06% | 27,327 | Common | NONE |
| 803054204 | SAP | SAP ADS | $4.5M | 0.06% | 16,778 | Common | SOLE |
| 58733R102 | MELI | MercadoLibre | $4.2M | 0.05% | 1,795 | Common | SOLE |
| 101137107 | BSX | Boston Scientific | $4.1M | 0.05% | 42,221 | Common | SOLE |
| 22160K105 | COST | Costco Wholesale | $4.0M | 0.05% | 4,346 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc Cl A | $3.5M | 0.04% | 4,702 | Common | SOLE |
| 456788108 | INFY | Infosys ADS | $3.4M | 0.04% | 211,318 | Common | SOLE |
| 620076307 | MSI | Motorola Solutions | $3.4M | 0.04% | 7,369 | Common | SOLE |
| 57636Q104 | MA | Mastercard, Class A | $3.2M | 0.04% | 5,580 | Common | SOLE |
| 74762E102 | QURE | Quanta Services | $3.0M | 0.04% | 7,156 | Common | SOLE |
| G87052109 | TEL | TE Connectivity | $2.8M | 0.04% | 12,854 | Common | NONE |
| 032095101 | APH | Amphenol Corp Class A | $2.7M | 0.04% | 22,065 | Common | NONE |
| 653656108 | NICE | NICE Systems ADR | $2.7M | 0.03% | 18,742 | Common | SOLE |
| 760759100 | RSG | Republic Services | $2.3M | 0.03% | 10,168 | Common | NONE |
| 61174X109 | MNST | Monster Beverage | $2.2M | 0.03% | 33,383 | Common | SOLE |
| 615369105 | MCO | Moody's | $2.2M | 0.03% | 4,681 | Common | NONE |
| 74460D109 | PSA | Public Storage International | $2.1M | 0.03% | 7,123 | Common | NONE |
| 902252105 | TYL | Tyler Technologies | $1.9M | 0.02% | 3,977 | Common | NONE |
| 715684106 | TLK | Telekomunikasi Indonesia ADS | $1.9M | 0.02% | 100,782 | Common | SOLE |
| 199908104 | FIX | Comfort Systems USA | $1.9M | 0.02% | 2,246 | Common | NONE |
| 311900104 | FAST | Fastenal | $1.8M | 0.02% | 36,300 | Common | NONE |
| 22052L104 | CTVA | Corteva | $1.7M | 0.02% | 25,553 | Common | SOLE |
| 34959E109 | FTNT | Fortinet Inc. | $1.7M | 0.02% | 20,334 | Common | SOLE |
| 217204106 | CPRT | Copart | $1.5M | 0.02% | 34,012 | Common | NONE |
| 79466L302 | CRM | Salesforce Inc. | $1.5M | 0.02% | 6,386 | Common | NONE |
| 74340W103 | PLD | Prologis Inc | $1.5M | 0.02% | 12,970 | Common | NONE |
| 65339F101 | NEE | NextEra Energy | $1.2M | 0.02% | 16,415 | Common | SOLE |
| 46625H100 | JPM | JP Morgan Chase | $1.2M | 0.02% | 3,873 | Common | SOLE |
| 235851102 | DHR | Danaher | $1.2M | 0.02% | 5,978 | Common | NONE |
| 655844108 | NSC | Norfolk Southern | $1.2M | 0.02% | 3,940 | Common | NONE |
| 778296103 | ROST | Ross Stores | $1.2M | 0.02% | 7,669 | Common | NONE |
| 95040Q104 | WELL | Welltower | $1.1M | 0.01% | 6,280 | Common | NONE |
| 29444U700 | EQIX | Equinix | $1.1M | 0.01% | 1,417 | Common | NONE |
| H1467J104 | CB | Chubb | $894,733 | 0.01% | 3,170 | Common | SOLE |
| 37733W204 | GSK | GlaxoSmithKline ADS | $891,254 | 0.01% | 20,650 | Common | SOLE |
| 465741106 | ITRI | Itron | $870,924 | 0.01% | 6,992 | Common | NONE |
| 892356106 | TSCO | Tractor Supply | $843,381 | 0.01% | 14,830 | Common | NONE |
| 13321L108 | CCJ | Cameco Corp | $804,469 | 0.01% | 9,593 | Common | NONE |
| 336433107 | FSLR | First Solar | $760,387 | 0.01% | 3,448 | Common | NONE |
| 25746U109 | D | Dominion Energy | $753,309 | 0.01% | 12,315 | Common | SOLE |
| 126402106 | CSW | CSW Industrials, Inc. | $738,446 | 0.01% | 3,042 | Common | NONE |
| 00766T100 | ACM | Aecom Technology | $735,198 | 0.01% | 5,635 | Common | NONE |
| 29084Q100 | EME | EMCOR Group | $716,443 | 0.01% | 1,103 | Common | SOLE |
| G0403H108 | AON | Aon PLC | $709,238 | 0.01% | 1,989 | Common | NONE |
| 83175M205 | SNN | Smith & Nephew plc ADS | $693,720 | 0.01% | 19,116 | Common | NONE |
| 776696106 | ROP | Roper Technologies | $667,247 | 0.01% | 1,338 | Common | NONE |
| G1151C101 | ACN | Accenture, Class A | $665,820 | 0.01% | 2,700 | Common | NONE |
| 459200101 | IBM | International Business Machines | $655,740 | 0.01% | 2,324 | Common | NONE |
| N6596X109 | NXPI | NXP Semiconductors | $655,635 | 0.01% | 2,879 | Common | NONE |
| 088606108 | BHP | BHP Biliton ADR | $648,038 | 0.01% | 11,624 | Common | SOLE |
| 133131102 | CPT | Camden Property Trust | $639,612 | 0.01% | 5,990 | Common | NONE |
| 29476L107 | EQR | Equity Residential Property Trust | $619,789 | 0.01% | 9,575 | Common | NONE |
| 880770102 | TER | Teradyne | $605,891 | 0.01% | 4,402 | Common | NONE |
| 737630103 | PCH | Potlatch | $581,910 | 0.01% | 14,280 | Common | NONE |
| 835699307 | SONY | Sony ADS | $575,800 | 0.01% | 20,000 | Common | SOLE |
| 291011104 | EMR | Emerson Electric | $575,487 | 0.01% | 4,387 | Common | NONE |
| 595017104 | MCHP | Microchip Technology | $561,475 | 0.01% | 8,743 | Common | NONE |
| 59522J103 | MAA | Mid-America Apartment Communities | $546,344 | 0.01% | 3,910 | Common | NONE |
| 962166104 | WY | Weyerhaeuser | $544,859 | 0.01% | 21,979 | Common | NONE |
| 928254101 | VIRT | Virtu Financial | $532,500 | 0.01% | 15,000 | Common | SOLE |
| 339750101 | FND | Floor & Decor Holdings, Inc. Class | $526,955 | 0.01% | 7,150 | Common | NONE |
| G6700G107 | NVT | nVent Electric plc | $526,935 | 0.01% | 5,342 | Common | NONE |
| 697435105 | PANW | Palo Alto Networks Inc. | $526,154 | 0.01% | 2,584 | Common | NONE |
| 718546104 | PSX | Phillips 66 | $514,292 | 0.01% | 3,781 | Common | NONE |
| 53263P105 | LMB | Limbach Holdings, Inc | $499,682 | 0.01% | 5,145 | Common | NONE |
| 02079K107 | GOOG | Alphabet inc., C | $487,344 | 0.01% | 2,001 | Common | NONE |
| 92826C839 | V | Visa | $467,349 | 0.01% | 1,369 | Common | SOLE |
| 20825C104 | COP | ConocoPhillips | $462,545 | 0.01% | 4,890 | Common | NONE |
| 98980G102 | ZS | Zscaler | $436,904 | 0.01% | 1,458 | Common | NONE |
| 04010E109 | AGX | Argan, Inc. | $429,109 | 0.01% | 1,589 | Common | NONE |
| 127387108 | CDNS | Cadence Design Systems | $414,487 | 0.01% | 1,180 | Common | NONE |
| 278865100 | ECL | Ecolab | $410,790 | 0.01% | 1,500 | Common | SOLE |
| 29355A107 | ENPH | Enphase Energy | $356,023 | 0.00% | 10,060 | Common | NONE |
| 22788C105 | CRWD | CrowdStrike Holdings Inc Class A | $352,338 | 0.00% | 718 | Common | NONE |
| 92343V104 | VZ | Verizon Communications | $325,670 | 0.00% | 7,410 | Common | SOLE |
| 701094104 | PH | Parker Hannifin | $318,423 | 0.00% | 420 | Common | SOLE |
| 907818108 | UNP | Union Pacific | $291,681 | 0.00% | 1,234 | Common | NONE |
| 82982T106 | SITM | SITIME CORP COM | $289,258 | 0.00% | 960 | Common | NONE |
| 30214U102 | EXPO | Exponent | $277,920 | 0.00% | 4,000 | Common | NONE |
| 780259305 | SHEL | Shell Plc | $271,814 | 0.00% | 3,800 | Common | SOLE |
| 05964H105 | SAN | Banco Santander ADS | $249,162 | 0.00% | 23,775 | Common | SOLE |
| 34964C106 | FBIN | Fortune Brands Innovations | $245,060 | 0.00% | 4,590 | Common | NONE |
| G7997R103 | STX | Seagate Technology Holdings PLC | $243,614 | 0.00% | 1,032 | Common | NONE |
| 13646K108 | CP | Canadian Pacific Kansas City Ltd | $238,368 | 0.00% | 3,200 | Common | SOLE |
| 78440P306 | SKM | SK Telecom ADR | $237,600 | 0.00% | 11,000 | Common | SOLE |
| 576853105 | MTRX | Matrix Service Company | $230,286 | 0.00% | 17,606 | Common | NONE |
| 891160509 | TD | Toronto-Dominion Bank | $227,858 | 0.00% | 2,850 | Common | NONE |
| H01301128 | ALC | Alcon | $226,834 | 0.00% | 3,045 | Common | SOLE |
| 665859104 | NTRS | Northern Trust | $224,378 | 0.00% | 1,667 | Common | NONE |
| 942622200 | WSO | Watsco | $217,109 | 0.00% | 537 | Common | NONE |
| 949746101 | WMT2 | Wells Fargo | $214,412 | 0.00% | 2,558 | Common | NONE |
| 75513E101 | RTX | Raytheon Technologies | $209,330 | 0.00% | 1,251 | Common | NONE |
| 268158201 | DVAX | Dynavax Technologies Corp | $135,177 | 0.00% | 13,613 | Common | NONE |
| 462260100 | IOVA | Iovance Biotherapeutics Inc | $44,600 | 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.