Saratoga Research & Investment Management
- Regulatory AUM
- $2.5B
- Discretionary
- $2.5B
- Clients
- 2,740
- Avg AUM / client
- $916K
- Accounts
- 2,740
- Employees
- 21
AUM over time
Annual snapshots from Form ADV filings · as of Apr 06, 2026
Investments (13F portfolio — 46 positions, $1,762,249,151)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Alphabet Inc. | COM | $175,592,475 | 610,629 | 9.96% | 7.0% |
| 2 | Microsoft Corp. | COM | $136,526,470 | 368,821 | 7.75% | 5.44% |
| 3 | Berkshire Hathaway Inc. | COM | $130,357,255 | 272,031 | 7.4% | 5.19% |
| 4 | Novo Nordisk A/S | COM | $126,285,091 | 3,436,329 | 7.17% | 5.03% |
| 5 | Walt Disney Company | COM | $108,757,891 | 1,128,428 | 6.17% | 4.33% |
| 6 | Unilever Plc | COM | $106,725,262 | 1,873,359 | 6.06% | 4.25% |
| 7 | Medtronic Plc | COM | $101,863,227 | 1,175,571 | 5.78% | 4.06% |
| 8 | Asml Holding N.V. | COM | $84,909,557 | 64,285 | 4.82% | 3.38% |
| 9 | Johnson & Johnson | COM | $82,972,958 | 339,441 | 4.71% | 3.31% |
| 10 | General Dynamics Corporation | COM | $66,667,739 | 194,242 | 3.78% | 2.66% |
| 11 | Roche Holding Ag | COM | $64,206,927 | 1,291,630 | 3.64% | 2.56% |
| 12 | Nvidia Corp. | COM | $58,724,666 | 336,724 | 3.33% | 2.34% |
| 13 | Starbucks Corp. | COM | $56,422,438 | 629,785 | 3.2% | 2.25% |
| 14 | The Procter & Gamble Co. | COM | $52,030,899 | 360,225 | 2.95% | 2.07% |
| 15 | Rtx Corp. | COM | $49,974,796 | 259,071 | 2.84% | 1.99% |
| 16 | Visa Inc | COM | $47,262,176 | 156,373 | 2.68% | 1.88% |
| 17 | Eli Lilly & Co. | COM | $42,792,299 | 46,525 | 2.43% | 1.71% |
| 18 | C.H. Robinson Worldwide Inc | COM | $41,823,733 | 251,844 | 2.37% | 1.67% |
| 19 | Honeywell International Inc. | COM | $37,508,548 | 165,945 | 2.13% | 1.49% |
| 20 | Home Depot Inc. | COM | $29,208,063 | 88,808 | 1.66% | 1.16% |
| 21 | Apple Inc. | COM | $28,420,166 | 111,983 | 1.61% | 1.13% |
| 22 | Diageo Plc | COM | $28,152,598 | 378,141 | 1.6% | 1.12% |
| 23 | Pepsico Inc | COM | $26,914,397 | 173,317 | 1.53% | 1.07% |
| 24 | Accenture Plc | COM | $26,503,441 | 133,660 | 1.5% | 1.06% |
| 25 | Spdr Bloomberg 1 3 Month T Bill Etf | ETF | $19,709,656 | 215,077 | 1.12% | 0.79% |
Top 25 of 46 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 2,103 | $748M | 29.8% |
| High net worth individuals | 451 | $1.2B | 46.3% |
| Investment companies | 1 | $174M | 6.92% |
| Pension and profit sharing plans | 64 | $57.8M | 2.3% |
| Charitable organizations | 31 | $58.2M | 2.32% |
| Corporations and other businesses | 90 | $310M | 12.4% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Blach Construction Company Retirement Plan Blach Construction Company | 2024 |
People (17)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| James Harold Tanner | Director Of Operations | Apr 1995 (31y) | 5% – 10% | |
| Kevin Peter Tanner | Chief Executive Officer/Chief Investment Officer | Apr 1995 (31y) | 25% – 50% | |
| Marc Cook Crosby | President | CFP CFA | Nov 2012 (14y) | Less than 5% |
| Hanson, Travis, Osborn | Chief Financial Officer | May 2016 (10y) | Less than 5% | |
| Hedges, Madeline, Elaine | Chief Compliance Officer | Oct 2019 (7y) | Less than 5% | |
| Philip Albert Spencer | Registered representative | CFA | Aug 2009 (17y) | |
| George Wehrfritz | Registered representative | Dec 2009 (17y) | ||
| Shoichi Adam Sato | Registered representative | Sep 2012 (14y) | ||
| Matthew Daniel Casas | Registered representative | CFA | Jan 2013 (14y) | |
| Joseph Howard Pollard | Registered representative | CFA | Dec 2013 (13y) | |
| Mark Lee Mcclenahan | Registered representative | CFP | Mar 2014 (12y) | |
| Robert Lee Meng | Registered representative | CFA | Jun 2014 (12y) | |
| Mathew Edward Spencer | Registered representative | Apr 2019 (7y) | ||
| Matthew Tyler Keating | Registered representative | Apr 2019 (7y) | ||
| Andrew Joseph Early | Registered representative | Jul 2019 (7y) | ||
| Tracey Alden Devine | Registered representative | Nov 2022 (4y) | ||
| Tierney Leigh Mc Clenahan Bosset | Registered representative | CFP | Jan 2023 (4y) |
Undisclosed: 25% – 70% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Blach Construction Company Retirement Plan | Blach Construction Company | 101 | $38.8M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/06/2026 | 1 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Other services
Custody
Reported custodians
- Charles Schwab & Co. $1.4B (56% of AUM) Apr 2026
- National Financial Services (Fidelity) $527M (21% of AUM) Apr 2026
- Suntrust Investment Services, Inc. $278M (13% of AUM) Mar 2018
- Finemark National Bank And Trust $271M (11% of AUM) Apr 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 06, 2026.
View current Form ADV (SEC/IAPD) ↗