UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

Report for the Calendar Year or Quarter Ended:
12-31-2020
Check here if Amendment: Amendment Number:
This Amendment (Check only one.): is a restatement.
adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Saratoga Research & Investment Management
Address:
P.O BOX 3552
SARATOGA, CA 95070
Form 13F File Number:

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
James Tanner
Title:
Director of Operations
Phone:
408-741-2331


Signature, Place, and Date of Signing:

James Tanner
                         [Signature]
Saratoga, CALIFORNIA
                 [City, State]
02-03-2021
                           [Date]
                          

Report Type (Check only one.):

13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
42
Form 13F Information table Value Total:
1865368
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
3M CompanyCOM88579Y10147,770273,297SHSOLE257,710 0 15,587
Accenture Ltd NewCOMG1151C10138,876148,831SHSOLE139,112 0 9,719
Alphabet Inc Cl ACOM02079K30579,06745,113SHSOLE42,400 0 2,713
Alphabet Inc Cl CCOM02079K107844482SHSOLE471 0 11
Altria GroupCOM02209S1032175,300SHSOLE5,300 0 0
Amazon.comCOM023135106394121SHSOLE121 0 0
AmgenCOM0311621006,20927,004SHSOLE26,450 0 554
Apple IncCOM03783310090,879684,896SHSOLE643,093 0 41,803
Becton, Dickinson & CoCOM07588710923,18092,637SHSOLE86,397 0 6,240
Berkshire Hathaway BCOM084670702127,675550,630SHSOLE518,917 0 31,713
Biogen IncCOM09062X10360,407246,700SHSOLE232,352 0 14,348
Bristol-Myers SquibbCOM1101221083465,583SHSOLE5,408 0 175
C.H. Robinson WorldwideCOM12541W20989,426952,662SHSOLE897,952 0 54,710
Cisco SystemsCOM17275R10277,9131,741,069SHSOLE1,633,278 0 107,791
Coca-ColaCOM19121610017,054310,970SHSOLE289,589 0 21,381
Cognizant Tech SolutionsCOM19244610260,507738,340SHSOLE693,372 0 44,968
Disney Walt CoCOM254687106144,823799,331SHSOLE751,072 0 48,259
Expeditors Int'l of WACOM30213010930,478320,450SHSOLE304,721 0 15,729
General DynamicsCOM36955010861,607413,971SHSOLE389,710 0 24,261
Int'l Business MachinesCOM4592001012882,286SHSOLE2,231 0 55
Int'l Flavors & FragCOM45950610144,704410,731SHSOLE386,426 0 24,305
IntelCOM4581401003807,624SHSOLE7,434 0 190
Johnson & JohnsonCOM47816010454,669347,372SHSOLE325,262 0 22,110
Medtronic PLCCOMG5960L10363,586542,823SHSOLE506,567 0 36,256
MicrosoftCOM59491810485,462384,235SHSOLE360,808 0 23,427
NIKECOM65410610363,613449,658SHSOLE417,438 0 32,220
National Grid PLC NewCOM6362744092233,778SHSOLE3,719 0 59
Novo Nordisk ADRCOM67010020581,5641,167,697SHSOLE1,096,116 0 71,581
OracleCOM68389X105107,6811,664,574SHSOLE1,560,037 0 104,537
PaychexCOM7043261075766,185SHSOLE6,025 0 160
PepsicoCOM71344810855,119371,672SHSOLE351,039 0 20,633
PfizerCOM7170811032356,385SHSOLE6,385 0 0
Procter & GambleCOM74271810949,388354,951SHSOLE333,601 0 21,350
Raytheon TechnologiesCOM75513E10183,9411,173,836SHSOLE1,109,936 0 63,900
Reckitt Benckiser Group PLC ADCOM75625520436,7292,027,008SHSOLE1,898,213 0 128,795
StarbucksCOM85524410945,329423,711SHSOLE399,815 0 23,896
Unilever PLCCOM90476770452,464869,188SHSOLE820,668 0 48,520
Varian Medical SystemsCOM92220P10532,888187,922SHSOLE173,803 0 14,119
Visa IncCOM92826C8398,08136,945SHSOLE36,110 0 835
Walmart IncCOM93114210339,849276,438SHSOLE259,425 0 17,013
Monmouth Real Estate InvestmenREIT60972010743825,286SHSOLE24,811 0 475
iShares Edge MSCI USA QualityETF46432F3394904,213SHSOLE4,213 0 0