SATURNA CAPITAL CORP

Fundamental diversified ★Signal CIK 1316617
League rank
#199
in Fundamental diversified · #834 overall
Long book
$7.13B
Q1 2026
Positions
148
Top-10 weight
59%
concentration
Last quarter
+18.0%
SPY +14.8%
Turnover
14%
of book per quarter

Strategy in plain words

auto-generated from filings

SATURNA CAPITAL CORP is a diversified fundamental manager, running a $7.13B US long book across 148 positions.

The portfolio is concentrated: the top 10 names carry 59% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: TAIWAN SEMICONDUCTOR-SP ADR, ELI LILLY & CO, BROADCOM INC, APPLE INC, ASML HOLDING NV-NY REG SHS.

Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+4.6%
Q2 2024
+2.7%
Q3 2024
-2.1%
Q4 2024
-6.6%
Q1 2025
+14.2%
Q2 2025
+8.1%
Q3 2025
+4.0%
Q4 2025
-3.7%
Q1 2026
+18.0%

Sector allocation

Technology
45%
Industrials
17%
Healthcare
17%
Consumer discretionary
10%
Other
7%
Materials
2%
Utilities
1%
Services media
0%

Long book by quarter

$7.24B
Q1 2024
$7.53B
Q2 2024
$7.65B
Q3 2024
$7.37B
Q4 2024
$6.68B
Q1 2025
$7.40B
Q2 2025
$7.76B
Q3 2025
$7.54B
Q4 2025
$7.13B
Q1 2026

What does SATURNA CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
LLY ELI LILLY & COHealthcare555.1K$510.6M7.2%-1.1%
AVGO BROADCOM INCTechnology1.5M$463.4M6.5%-2.1%
AAPL APPLE INCTechnology1.8M$451.8M6.3%-0.3%
ASML ASML HOLDING NV-NY REG SHSIndustrials316.7K$418.3M5.9%-1.1%
GOOGL ALPHABET INC-CL ATechnology1.4M$411.6M5.8%-0.6%
MSFT MICROSOFT CORPTechnology1.0M$387.7M5.4%-1.5%
NVDA NVIDIA CORPTechnology2.2M$385.2M5.4%-0.9%
JCI JOHNSON CONTROLS INTERNATIONIndustrials2.6M$341.1M4.8%-1.0%
TJX TJX COMPANIES INCConsumer discretionary1.2M$194.9M2.7%-0.7%
ABBV ABBVIE INCHealthcare781.7K$170.0M2.4%+0.2%
TT TRANE TECHNOLOGIES PLCTechnology401.7K$167.4M2.3%-0.2%
AZN ASTRAZENECA PLCHealthcare821.6K$162.0M2.3%New
CSCO CISCO SYSTEMS INCTechnology1.8M$138.8M1.9%+2.7%
AZO AUTOZONE INCConsumer discretionary41.0K$138.4M1.9%+0.1%
SYK STRYKER CORPHealthcare367.4K$120.7M1.7%+15.8%
NOW SERVICENOW INCTechnology1.2M$120.4M1.7%+21.4%
CHD CHURCH & DWIGHT CO INCOther1.2M$111.0M1.6%+0.3%
TRMB TRIMBLE INCOther1.7M$109.8M1.5%-0.3%
ROK ROCKWELL AUTOMATION INCOther301.5K$108.2M1.5%0.0%
LOW LOWE'S COS INCConsumer discretionary414.4K$97.9M1.4%-1.2%
ORCL ORACLE CORPTechnology625.5K$92.0M1.3%-33.7%
GWW WW GRAINGER INCConsumer discretionary82.0K$89.4M1.3%Held
AMD ADVANCED MICRO DEVICESTechnology421.1K$85.7M1.2%-0.4%
ITW ILLINOIS TOOL WORKSIndustrials306.2K$79.7M1.1%-0.1%
ETN EATON CORP PLCIndustrials201.1K$71.9M1.0%-1.1%
LIN LINDE PLCMaterials142.9K$70.9M1.0%+0.8%
LECO LINCOLN ELECTRIC HOLDINGSIndustrials269.0K$67.0M0.9%Held
WM WASTE MANAGEMENT INCUtilities270.9K$62.3M0.9%+65.6%
FERG FERGUSON ENTERPRISES INCConsumer discretionary241.8K$56.4M0.8%+1.1%
TXN TEXAS INSTRUMENTS INCTechnology257.4K$50.0M0.7%0.0%
JNJ JOHNSON & JOHNSONHealthcare179.2K$43.8M0.6%-1.0%
CNI CANADIAN NATL RAILWAY COIndustrials400.3K$41.1M0.6%+4.2%
ABT ABBOTT LABORATORIESHealthcare391.9K$40.2M0.6%0.0%
CL COLGATE-PALMOLIVE COOther450.3K$38.4M0.5%Held
APD AIR PRODUCTS & CHEMICALS INCMaterials122.2K$35.5M0.5%+5.3%
UPS UNITED PARCEL SERVICE-CL BIndustrials303.4K$29.8M0.4%-0.6%
KMB KIMBERLY-CLARK CORPOther301.1K$29.0M0.4%Held
KVUE KENVUE INCOther1.7M$28.9M0.4%0.0%
CRH CRH PLCIndustrials264.4K$27.8M0.4%+51.4%
HD HOME DEPOT INCConsumer discretionary69.4K$22.8M0.3%+7.4%
MRK MERCK & CO. INC.Healthcare157.5K$18.9M0.3%+11.6%
NKE NIKE INC -CL BOther356.4K$18.8M0.3%+18.5%
GPC GENUINE PARTS COConsumer discretionary152.0K$16.1M0.2%-60.4%
B BARRICK MINING CORPMaterials212.1K$8.6M0.1%-0.1%
JBL JABIL INCTechnology28.6K$7.6M0.1%-3.1%
QCOM QUALCOMM INCTechnology56.1K$7.2M0.1%+17.3%
MPWR MONOLITHIC POWER SYSTEMS INCTechnology6.6K$7.2M0.1%-3.2%
AMZN AMAZON.COM INCConsumer discretionary30.0K$6.3M0.1%-1.4%
ORLY O'REILLY AUTOMOTIVE INCConsumer discretionary46.7K$4.3M0.1%-16.9%
AEM AGNICO EAGLE MINES LTDMaterials20.4K$4.1M0.1%-20.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 12, 2026148$7.13B canonicalSEC ↗
Q4 202513F-HRFeb 11, 2026150$7.54B canonicalSEC ↗
Q3 202513F-HRNov 14, 2025157$7.76B canonicalSEC ↗
Q2 202513F-HRAug 12, 2025157$7.40B canonicalSEC ↗
Q1 202513F-HRMay 2, 2025149$6.68B canonicalSEC ↗
Q4 202413F-HRFeb 7, 2025157$7.37B canonicalSEC ↗
Q3 202413F-HRNov 5, 2024158$7.65B canonicalSEC ↗
Q2 202413F-HRJul 31, 2024166$7.53B canonicalSEC ↗
Q1 202413F-HRMay 13, 2024170$7.24B canonicalSEC ↗