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:
12-31-2021
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:
028-13757

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]
02-08-2022
                           [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:
48
Form 13F Information table Value Total:
2347937
          (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 CompanyCOM88579Y10156,881320,219SHSOLE302,325 0 17,894
Accenture Ltd NewCOMG1151C10159,263142,957SHSOLE134,048 0 8,909
Adobe SystemsCOM00724F1011,2992,290SHSOLE2,043 0 247
Alphabet Inc Cl ACOM02079K305104,53136,082SHSOLE33,852 0 2,230
Alphabet Inc Cl CCOM02079K1071,386479SHSOLE471 0 8
Amazon.comCOM023135106403121SHSOLE121 0 0
AmgenCOM0311621009,19740,880SHSOLE40,187 0 693
Apple IncCOM037833100124,621701,815SHSOLE662,347 0 39,468
Becton, Dickinson & CoCOM07588710955,408220,328SHSOLE207,797 0 12,531
Berkshire Hathaway BCOM084670702144,189482,238SHSOLE453,896 0 28,342
Biogen IncCOM09062X10356,427235,191SHSOLE221,376 0 13,815
Bristol-Myers SquibbCOM1101221082483,977SHSOLE3,802 0 175
C.H. Robinson WorldwideCOM12541W209130,6671,214,037SHSOLE1,148,688 0 65,349
Cisco SystemsCOM17275R10283,7941,322,300SHSOLE1,229,729 0 92,571
Coca-ColaCOM1912161008,691146,778SHSOLE131,514 0 15,264
Cognizant Tech SolutionsCOM19244610264,969732,297SHSOLE688,068 0 44,229
Colgate-PalmoliveCOM1941621036287,357SHSOLE7,357 0 0
Disney Walt CoCOM254687106121,142782,116SHSOLE739,259 0 42,857
Franklin ResourcesCOM35461310135410,577SHSOLE10,299 0 278
General DynamicsCOM36955010884,314404,442SHSOLE381,074 0 23,368
Home DepotCOM43707610264,158154,594SHSOLE145,311 0 9,283
Int'l Business MachinesCOM4592001012902,172SHSOLE2,117 0 55
Int'l Flavors & FragCOM45950610160,041398,543SHSOLE374,654 0 23,889
IntelCOM4581401003707,185SHSOLE6,995 0 190
Johnson & JohnsonCOM47816010468,626401,159SHSOLE380,044 0 21,115
Lockheed MartinCOM539830109327920SHSOLE895 0 25
Medtronic PLCCOMG5960L10356,433545,512SHSOLE509,894 0 35,618
MicrosoftCOM594918104139,629415,168SHSOLE391,656 0 23,512
NIKECOM65410610373,845443,063SHSOLE413,056 0 30,007
National Grid PLC NewCOM6362744092523,482SHSOLE3,423 0 59
Novo Nordisk ADRCOM67010020589,427798,454SHSOLE750,227 0 48,227
OracleCOM68389X105133,4661,530,399SHSOLE1,436,257 0 94,142
PaychexCOM7043261077045,154SHSOLE4,994 0 160
PepsicoCOM71344810843,388249,771SHSOLE234,782 0 14,989
PfizerCOM7170811033485,888SHSOLE5,888 0 0
Polaris IndustriesCOM7310681023022,749SHSOLE2,749 0 0
Procter & GambleCOM74271810958,099355,170SHSOLE336,306 0 18,864
Raytheon TechnologiesCOM75513E101109,0601,267,259SHSOLE1,197,653 0 69,606
Reckitt Benckiser Group PLC ADCOM75625520448,1992,754,238SHSOLE2,570,244 0 183,994
Roche Holding AGCOM77119510456,1981,087,219SHSOLE1,020,153 0 67,066
SAP AG Spons ADRCOM8030542046504,641SHSOLE4,641 0 0
StarbucksCOM85524410958,491500,051SHSOLE472,744 0 27,307
Unilever PLCCOM90476770483,5021,552,379SHSOLE1,464,923 0 87,456
Visa IncCOM92826C83953,082244,947SHSOLE230,223 0 14,724
Walmart IncCOM93114210335,633246,273SHSOLE231,043 0 15,230
Magellan Midstream Partners LPETP5590801062094,500SHSOLE4,500 0 0
Monmouth Real Estate InvestmenREIT60972010753525,444SHSOLE24,969 0 475
iShares Edge MSCI USA QualityETF46432F3394,26029,268SHSOLE28,687 0 581