Q4 2025 · 13F-HR
SATURNA CAPITAL CORPholdings as filed
Filed 2026-02-11 · accession 0001316617-26-000002
$7.54B
Reported value
150
Positions
2025-12-31
Period end
The Brief · SATURNA CAPITAL CORP · Q4 2025
AI · grounded in 13F
SATURNA CAPITAL CORP closed its position in Keysight Technologies KEYS, reducing its holdings by $148.97M. The fund added a new position in Unilever ADS UL valued at $37.64M and increased its stake in Advanced Micro Devices AMD by 59.39%. Additionally, the fund trimmed its holdings in Intuit INTU by 97.23% and Eli Lilly LLY by 4.78%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 874039100 | TSM | Taiwan Semiconductor ADS | $620.3M | 8.23% | 2,041,106 | Common | SOLE |
| 532457108 | LLY | Eli Lilly | $603.3M | 8.00% | 561,346 | Common | SOLE |
| 11135F101 | AVGO | Broadcom Ltd | $529.2M | 7.02% | 1,529,076 | Common | SOLE |
| 594918104 | MSFT | Microsoft | $514.3M | 6.82% | 1,063,439 | Common | SOLE |
| 037833100 | AAPL | Apple | $485.6M | 6.44% | 1,786,099 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet, Class A | $450.8M | 5.98% | 1,440,160 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA | $415.8M | 5.51% | 2,229,598 | Common | SOLE |
| N07059210 | ASML | ASML Holding NY | $342.4M | 4.54% | 320,088 | Common | SOLE |
| G51502105 | JCI | Johnson Controls International | $315.1M | 4.18% | 2,631,693 | Common | SOLE |
| 872540109 | TJX | TJX Companies | $188.7M | 2.50% | 1,228,549 | Common | SOLE |
| 68389X105 | ORCL | Oracle | $183.9M | 2.44% | 943,724 | Common | SOLE |
| 00287Y109 | ABBV | AbbVie | $178.3M | 2.36% | 780,291 | Common | SOLE |
| G8994E103 | TT | Trane | $156.7M | 2.08% | 402,668 | Common | SOLE |
| 046353108 | AZNN | AstraZeneca ADS | $150.3M | 1.99% | 1,635,207 | Common | SOLE |
| 81762P102 | NOW | ServiceNow | $145.3M | 1.93% | 948,175 | Common | SOLE |
| 053332102 | AZO | AutoZone | $138.8M | 1.84% | 40,931 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems | $134.2M | 1.78% | 1,742,310 | Common | SOLE |
| 896239100 | TRMB | Trimble | $132.3M | 1.75% | 1,688,095 | Common | SOLE |
| 773903109 | ROK | Rockwell Automation | $117.3M | 1.56% | 301,462 | Common | SOLE |
| 863667101 | SYK | Stryker | $111.5M | 1.48% | 317,184 | Common | SOLE |
| 670100205 | NVO | Novo Nordisk ADS | $105.5M | 1.40% | 2,072,619 | Common | SOLE |
| 548661107 | LOW | Lowe's | $101.1M | 1.34% | 419,371 | Common | SOLE |
| 171340102 | CHD | Church & Dwight | $99.5M | 1.32% | 1,186,630 | Common | SOLE |
| 007903107 | AMD | Advanced Micro Devices | $90.6M | 1.20% | 423,030 | Common | SOLE |
| 384802104 | GWW | W.W. Grainger | $82.7M | 1.10% | 81,994 | Common | SOLE |
| 452308109 | ITW | Illinois Tool Works | $75.5M | 1.00% | 306,443 | Common | SOLE |
| G29183103 | ETN | Eaton Corp PLC | $64.8M | 0.86% | 203,321 | Common | SOLE |
| 533900106 | LECO | Lincoln Electric Holdings | $64.5M | 0.85% | 268,975 | Common | SOLE |
| G54950103 | LIN | Linde | $60.4M | 0.80% | 141,721 | Common | SOLE |
| 00724F101 | ADBE | Adobe | $58.0M | 0.77% | 165,650 | Common | SOLE |
| 31488V107 | FERG | Ferguson Enterprises Inc | $53.2M | 0.71% | 239,074 | Common | SOLE |
| 002824100 | ABT | Abbott Laboratories | $49.1M | 0.65% | 391,855 | Common | SOLE |
| 372460105 | GPC | Genuine Parts | $47.2M | 0.63% | 384,010 | Common | SOLE |
| 882508104 | TXN | Texas Instruments | $44.7M | 0.59% | 257,365 | Common | SOLE |
| 66987V109 | NVS | Novartis ADS | $43.1M | 0.57% | 312,662 | Common | SOLE |
| 136375102 | CNI | Canadian National Railway | $38.0M | 0.50% | 384,214 | Common | SOLE |
| 904767803 | UL | Unilever ADS | $37.6M | 0.50% | 575,543 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $37.4M | 0.50% | 180,902 | Common | SOLE |
| 94106L109 | WM | Waste Management | $36.0M | 0.48% | 163,631 | Common | SOLE |
| 194162103 | CL | Colgate-Palmolive | $35.6M | 0.47% | 450,252 | Common | SOLE |
| 494368103 | KMB | Kimberly-Clark | $30.4M | 0.40% | 301,117 | Common | SOLE |
| 911312106 | UPS | United Parcel Service, Cl B | $30.3M | 0.40% | 305,245 | Common | SOLE |
| 49177J102 | KVUE | Kenvue Inc | $28.9M | 0.38% | 1,676,887 | Common | SOLE |
| 009158106 | APD | Air Products & Chemicals | $28.7M | 0.38% | 115,991 | Common | SOLE |
| 00846U101 | A | Agilent Technologies | $27.1M | 0.36% | 199,390 | Common | SOLE |
| 437076102 | HD | Home Depot | $22.2M | 0.29% | 64,627 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $21.8M | 0.29% | 174,605 | Common | SOLE |
| 654106103 | NKE | Nike, Class B | $19.2M | 0.25% | 300,730 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co | $14.8M | 0.20% | 141,026 | Common | SOLE |
| 06849F108 | B | Barrick Mining Corporation | $9.2M | 0.12% | 212,261 | Common | SOLE |
| 767204100 | RIO | Rio Tinto ADS | $8.5M | 0.11% | 106,429 | Common | SOLE |
| 747525103 | QCOM | Qualcomm | $8.2M | 0.11% | 47,811 | Common | SOLE |
| 833635105 | SQM | Quimica y Minera Chile ADS | $7.6M | 0.10% | 110,641 | Common | SOLE |
| 023135106 | AMZN | Amazon.com | $7.0M | 0.09% | 30,484 | Common | SOLE |
| 466313103 | JBL | Jabil Inc | $6.7M | 0.09% | 29,500 | Common | SOLE |
| 84265V105 | SCCO | Southern Copper | $6.2M | 0.08% | 43,239 | Common | SOLE |
| 609839105 | MPWR | Monolithic Power Systems | $6.1M | 0.08% | 6,781 | Common | SOLE |
| 461202103 | INTU | Intuit | $5.4M | 0.07% | 8,215 | Common | NONE |
| 803054204 | SAP | SAP ADS | $5.4M | 0.07% | 22,121 | Common | SOLE |
| 67103H107 | ORLY | O'Reilly Automotive | $5.1M | 0.07% | 56,250 | Common | NONE |
| 032095101 | APH | Amphenol Corp Class A | $4.8M | 0.06% | 35,515 | Common | NONE |
| 008474108 | AEM | Agnico-Eagle Mines | $4.4M | 0.06% | 25,731 | Common | NONE |
| 101137107 | BSX | Boston Scientific | $4.1M | 0.05% | 42,804 | Common | SOLE |
| 456788108 | INFY | Infosys ADS | $3.7M | 0.05% | 210,000 | Common | SOLE |
| 22160K105 | COST | Costco Wholesale | $3.7M | 0.05% | 4,246 | Common | SOLE |
| 57636Q104 | MA | Mastercard, Class A | $3.2M | 0.04% | 5,580 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc Cl A | $3.2M | 0.04% | 4,811 | Common | SOLE |
| 74762E102 | QURE | Quanta Services | $3.0M | 0.04% | 7,150 | Common | SOLE |
| G87052109 | TEL | TE Connectivity | $2.8M | 0.04% | 12,095 | Common | NONE |
| 760759100 | RSG | Republic Services | $2.7M | 0.04% | 12,819 | Common | NONE |
| 620076307 | MSI | Motorola Solutions | $2.7M | 0.04% | 7,085 | Common | SOLE |
| 22052L104 | CTVA | Corteva | $2.6M | 0.03% | 38,135 | Common | NONE |
| 715684106 | TLK | Telekomunikasi Indonesia ADS | $2.5M | 0.03% | 120,000 | Common | SOLE |
| 742718109 | PG | Procter & Gamble | $2.4M | 0.03% | 16,444 | Common | NONE |
| 615369105 | MCO | Moody's | $2.2M | 0.03% | 4,368 | Common | NONE |
| 61174X109 | MNST | Monster Beverage | $2.2M | 0.03% | 28,575 | Common | SOLE |
| 653656108 | NICE | NICE Systems ADR | $2.1M | 0.03% | 18,892 | Common | SOLE |
| 199908104 | FIX | Comfort Systems USA | $2.1M | 0.03% | 2,256 | Common | NONE |
| N5505D105 | MICC | The Magnum Ice Cream Co BV | $1.9M | 0.03% | 121,551 | Common | SOLE |
| 74460D109 | PSA | Public Storage International | $1.8M | 0.02% | 6,863 | Common | NONE |
| 65339F101 | NEE | NextEra Energy | $1.8M | 0.02% | 22,042 | Common | SOLE |
| 235851102 | DHR | Danaher | $1.7M | 0.02% | 7,404 | Common | NONE |
| 74340W103 | PLD | Prologis Inc | $1.6M | 0.02% | 12,410 | Common | NONE |
| 778296103 | ROST | Ross Stores | $1.5M | 0.02% | 8,434 | Common | NONE |
| 79466L302 | CRM | Salesforce Inc. | $1.5M | 0.02% | 5,686 | Common | NONE |
| 37733W204 | GSK | GlaxoSmithKline ADS | $1.4M | 0.02% | 29,162 | Common | SOLE |
| 311900104 | FAST | Fastenal | $1.4M | 0.02% | 34,010 | Common | NONE |
| 46625H100 | JPM | JP Morgan Chase | $1.2M | 0.02% | 3,873 | Common | SOLE |
| 95040Q104 | WELL | Welltower | $1.2M | 0.02% | 6,360 | Common | NONE |
| 902252105 | TYL | Tyler Technologies | $1.2M | 0.02% | 2,543 | Common | NONE |
| 655844108 | NSC | Norfolk Southern | $1.1M | 0.01% | 3,860 | Common | NONE |
| 880770102 | TER | Teradyne | $1.1M | 0.01% | 5,690 | Common | NONE |
| 34959E109 | FTNT | Fortinet Inc. | $1.1M | 0.01% | 13,625 | Common | SOLE |
| 29084Q100 | EME | EMCOR Group | $1.1M | 0.01% | 1,753 | Common | SOLE |
| 29444U700 | EQIX | Equinix | $1.1M | 0.01% | 1,393 | Common | NONE |
| H1467J104 | CB | Chubb | $989,420 | 0.01% | 3,170 | Common | SOLE |
| 13321L108 | CCJ | Cameco Corp | $923,363 | 0.01% | 10,092 | Common | NONE |
| 126402106 | CSW | CSW Industrials, Inc. | $892,918 | 0.01% | 3,042 | Common | NONE |
| 336433107 | FSLR | First Solar | $838,026 | 0.01% | 3,208 | Common | NONE |
| 25746U109 | D | Dominion Energy | $727,278 | 0.01% | 12,413 | Common | SOLE |
| 088606108 | BHP | BHP Biliton ADR | $725,949 | 0.01% | 12,025 | Common | SOLE |
| 718546104 | PSX | Phillips 66 | $725,721 | 0.01% | 5,624 | Common | NONE |
| 892356106 | TSCO | Tractor Supply | $716,643 | 0.01% | 14,330 | Common | NONE |
| G0403H108 | AON | Aon PLC | $701,878 | 0.01% | 1,989 | Common | NONE |
| 465741106 | ITRI | Itron | $649,277 | 0.01% | 6,992 | Common | NONE |
| 02079K107 | GOOG | Alphabet inc., C | $627,914 | 0.01% | 2,001 | Common | NONE |
| N6596X109 | NXPI | NXP Semiconductors | $624,916 | 0.01% | 2,879 | Common | NONE |
| 133131102 | CPT | Camden Property Trust | $621,952 | 0.01% | 5,650 | Common | NONE |
| 217204106 | CPRT | Copart | $597,507 | 0.01% | 15,262 | Common | NONE |
| 459200101 | IBM | International Business Machines | $579,387 | 0.01% | 1,956 | Common | NONE |
| 29476L107 | EQR | Equity Residential Property Trust | $567,359 | 0.01% | 9,000 | Common | NONE |
| 339750101 | FND | Floor & Decor Holdings, Inc. Class | $554,585 | 0.01% | 9,108 | Common | NONE |
| G6700G107 | NVT | nVent Electric plc | $544,520 | 0.01% | 5,340 | Common | NONE |
| 59522J103 | MAA | Mid-America Apartment Communities | $520,912 | 0.01% | 3,750 | Common | NONE |
| 835699307 | SONY | Sony ADS | $512,000 | 0.01% | 20,000 | Common | SOLE |
| 04010E109 | AGX | Argan, Inc. | $497,865 | 0.01% | 1,589 | Common | NONE |
| 92826C839 | V | Visa | $480,122 | 0.01% | 1,369 | Common | SOLE |
| 697435105 | PANW | Palo Alto Networks Inc. | $475,973 | 0.01% | 2,584 | Common | NONE |
| 46120E602 | ISRG | Intuitive Surgical | $443,460 | 0.01% | 783 | Common | NONE |
| 291011104 | EMR | Emerson Electric | $419,926 | 0.01% | 3,164 | Common | NONE |
| 05964H105 | SAN | Banco Santander ADS | $415,242 | 0.01% | 35,400 | Common | SOLE |
| 36828A101 | GEV | GE Vernova Inc | $400,638 | 0.01% | 613 | Common | NONE |
| 53263P105 | LMB | Limbach Holdings, Inc | $400,538 | 0.01% | 5,145 | Common | NONE |
| 278865100 | ECL | Ecolab | $393,780 | 0.01% | 1,500 | Common | SOLE |
| 056525108 | BMI | Badger Meter | $389,458 | 0.01% | 2,233 | Common | NONE |
| 00766T100 | ACM | Aecom Technology | $373,217 | 0.00% | 3,915 | Common | SOLE |
| 83175M205 | SNN | Smith & Nephew plc ADS | $366,750 | 0.00% | 11,178 | Common | NONE |
| 313855108 | FSS | Federal Signal | $362,799 | 0.00% | 3,341 | Common | NONE |
| 82982T106 | SITM | SITIME CORP COM | $356,722 | 0.00% | 1,010 | Common | NONE |
| 366651107 | IT | Gartner | $345,876 | 0.00% | 1,371 | Common | NONE |
| 29355A107 | ENPH | Enphase Energy | $337,006 | 0.00% | 10,515 | Common | NONE |
| 98980G102 | ZS | Zscaler | $327,933 | 0.00% | 1,458 | Common | NONE |
| 737630103 | PCH | Potlatch | $307,897 | 0.00% | 7,740 | Common | NONE |
| 038222105 | AMAT | Applied Materials | $304,533 | 0.00% | 1,185 | Common | NONE |
| 30214U102 | EXPO | Exponent | $277,840 | 0.00% | 4,000 | Common | NONE |
| 595112103 | MU | Micron Technology | $276,277 | 0.00% | 968 | Common | NONE |
| 22788C105 | CRWD | CrowdStrike Holdings Inc Class A | $273,521 | 0.00% | 583 | Common | NONE |
| 891160509 | TD | Toronto-Dominion Bank | $268,470 | 0.00% | 2,850 | Common | NONE |
| Y41053102 | INSW | International Seaways, Inc. | $262,267 | 0.00% | 5,402 | Common | NONE |
| 962166104 | WY | Weyerhaeuser | $260,353 | 0.00% | 10,990 | Common | NONE |
| 928254101 | VIRT | Virtu Financial | $249,900 | 0.00% | 7,500 | Common | SOLE |
| H01301128 | ALC | Alcon | $239,976 | 0.00% | 3,045 | Common | SOLE |
| 949746101 | WMT2 | Wells Fargo | $238,406 | 0.00% | 2,558 | Common | NONE |
| 665859104 | NTRS | Northern Trust | $227,696 | 0.00% | 1,667 | Common | NONE |
| 78440P306 | SKM | SK Telecom ADR | $225,830 | 0.00% | 11,000 | Common | SOLE |
| 75513E101 | RTX | Raytheon Technologies | $223,565 | 0.00% | 1,219 | Common | NONE |
| G7997R103 | STX | Seagate Technology Holdings PLC | $223,341 | 0.00% | 811 | Common | NONE |
| 34964C106 | FBIN | Fortune Brands Innovations | $222,088 | 0.00% | 4,440 | Common | NONE |
| 268158201 | DVAX | Dynavax Technologies Corp | $209,368 | 0.00% | 13,613 | Common | NONE |
| 576853105 | MTRX | Matrix Service Company | $205,990 | 0.00% | 17,606 | 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.