Saturna Capital CORP recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Saturna Capital Corp is an investment management firm based out of Bellingham, Washington. The company was established in 1989 and has grown from its inception to now have locations in Reston, Los Angeles, Chicago, and Reno. Saturna Capital Corp is headed by CEO Jane K. Carten and Chairman and CIO Nicholas F. Kaiser and now has 63 employees of which 9 are investment professionals. The company has continually expanded its operations since its establishment and most recently launched its Saturna Sustainable Equity Fund and Saturna Sustainable Bond Fund mutual funds. Saturna Capital Corp conducts its research both internally and externally, utilizing a fundamental methodology to make its investment decisions. The company invests in public equity and fixed income markets on a global scale, allocating its assets in the value stocks of companies. Saturna Capital Corp invests most heavily in the information technology sector, which alone makes up over a quarter of its total asset allocations, and also invests in the health care, industrials, consumer staples, consumer discretionary, transports, and materials sectors, among others to a lesser degree, in order of decreasing allocation. The company’s top 10 holdings together make up a quarter of its total allocations and the company has a turnover rate of 16.1%. Saturna Capital Corp holds approximately $4 billion in total assets under management spread across 67 accounts, all of which are discretionary. Although the company’s total number of accounts held has not made any significantly changes in recent years, its total assets under management has been increasing, growing significantly from $2 billion back in 2010 to almost twice that amount today. Saturna Capital Corp mainly caters to individuals and high net worth individuals, each of which make up over a third of its client base, and also provides services to investment companies, pooled investment vehicles, charities, corporations, and pension and profit sharing plans. The company offers a variety of funds including its Amana Developing World, Amana Growth, Sextant Core, and Sextant Growth mutual funds.
As of the latest 13F report, the guru’s equity portfolio contained 151 stocks valued at a total of $4.65Bil. The top holdings were LLY(6.41%), AAPL(6.24%), and ASML(3.70%).
According to GuruFocus data, these were Saturna Capital CORP’s top five trades of the quarter.
Merck & Co Inc
During the quarter, Saturna Capital CORP bought 449,810 shares of NYSE:MRK for a total holding of 467,779. The trade had a 1.08% impact on the equity portfolio. During the quarter, the stock traded for an average price of $102.22.
On 02/10/2023, Merck & Co Inc traded for a price of $106.72 per share and a market cap of $270.58Bil. The stock has returned 43.11% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Merck & Co Inc has a price-earnings ratio of 18.69, a price-book ratio of 6.08, a price-earnings-to-growth (PEG) ratio of 2.46, a EV-to-Ebitda ratio of 14.36 and a price-sales ratio of 4.61.
The price-to-GF Value ratio is 1.00, earning the stock a GF Value rank of 6.
Qualcomm Inc
Saturna Capital CORP reduced their investment in NAS:QCOM by 284,446 shares. The trade had a 0.79% impact on the equity portfolio. During the quarter, the stock traded for an average price of $117.
On 02/10/2023, Qualcomm Inc traded for a price of $130.53 per share and a market cap of $145.54Bil. The stock has returned -27.45% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Qualcomm Inc has a price-earnings ratio of 12.59, a price-book ratio of 7.75, a price-earnings-to-growth (PEG) ratio of 0.28, a EV-to-Ebitda ratio of 9.89 and a price-sales ratio of 3.44.
The price-to-GF Value ratio is 0.72, earning the stock a GF Value rank of 10.
Trane Technologies PLC
During the quarter, Saturna Capital CORP bought 199,360 shares of NYSE:TT for a total holding of 400,995. The trade had a 0.72% impact on the equity portfolio. During the quarter, the stock traded for an average price of $165.09.
On 02/10/2023, Trane Technologies PLC traded for a price of $181.56 per share and a market cap of $41.81Bil. The stock has returned 13.60% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Trane Technologies PLC has a price-earnings ratio of 24.24, a price-book ratio of 6.85, a price-earnings-to-growth (PEG) ratio of 2.75, a EV-to-Ebitda ratio of 16.81 and a price-sales ratio of 2.66.
The price-to-GF Value ratio is 0.98, earning the stock a GF Value rank of 5.
The Home Depot Inc
Saturna Capital CORP reduced their investment in NYSE:HD by 100,695 shares. The trade had a 0.68% impact on the equity portfolio. During the quarter, the stock traded for an average price of $304.63.
On 02/10/2023, The Home Depot Inc traded for a price of $315.55 per share and a market cap of $321.60Bil. The stock has returned -11.31% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, The Home Depot Inc has a price-earnings ratio of 19.02, a price-book ratio of 248.46, a price-earnings-to-growth (PEG) ratio of 1.43, a EV-to-Ebitda ratio of 13.81 and a price-sales ratio of 2.08.
The price-to-GF Value ratio is 0.85, earning the stock a GF Value rank of 7.
Lululemon Athletica Inc
During the quarter, Saturna Capital CORP bought 47,550 shares of NAS:LULU for a total holding of 157,395. The trade had a 0.33% impact on the equity portfolio. During the quarter, the stock traded for an average price of $328.87.
On 02/10/2023, Lululemon Athletica Inc traded for a price of $310.45 per share and a market cap of $39.59Bil. The stock has returned -8.59% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Lululemon Athletica Inc has a price-earnings ratio of 34.12, a price-book ratio of 13.03, a price-earnings-to-growth (PEG) ratio of 1.33, a EV-to-Ebitda ratio of 21.46 and a price-sales ratio of 5.33.
The price-to-GF Value ratio is 0.53, earning the stock a GF Value rank of 4.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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