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Saturna Capital

SEC-registered adviser since 1989Bellingham, WACRD 25586

$10.5B
AUM
104
Clients
See fees
Fee
12
Advisory staff

From Form ADV filed 28 September 2026 · data retrieved 15 October 2026SEC record

Saturna Capital is an investment adviser headquartered in Bellingham, Washington, and registered with the SEC since 1989. Its clients include investment companies, high-net-worth individuals and pooled investment vehicles. High-net-worth individuals account for 2% of its regulatory assets under management.

Its services include financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, and portfolio management for institutions. Fee arrangements include a percentage of assets under management, fixed fees and performance-based fees. Jane Carten owns 50% to 75% of Saturna Capital.

Clients

Saturna Capital serves 104 clients, 51 of them high-net-worth individuals. The average client has about $101 million with the firm, and high-net-worth clients hold 2% of its $10.5 billion in assets.

Regulatory assets by client type
  • High-net-worth individuals51 clients2%
  • Investment companies2 clients96%
  • OtherIndividuals, Pooled investment vehicles, Charitable organizations, Corporations and other businesses2%
Show client breakdown
Individuals (other than HNW)
Clients
32
Regulatory AUM
$30,069,358
Share
0.3%
Avg. per client
$940K
High-net-worth individuals
Clients
51
Regulatory AUM
$215,634,637
Share
2.1%
Avg. per client
$4.23M
Investment companies
Clients
2
Regulatory AUM
$10,061,256,960
Share
96.0%
Avg. per client
$5.03B
Pooled investment vehicles
Clients
3
Regulatory AUM
$100,048,735
Share
1.0%
Avg. per client
$33.3M
Charitable organizations
Clients
8
Regulatory AUM
$53,447,598
Share
0.5%
Avg. per client
$6.68M
Corporations and other businesses
Clients
8
Regulatory AUM
$20,124,300
Share
0.2%
Avg. per client
$2.52M

Total

Clients
104
Regulatory AUM
$10,480,581,588
Share
100%
Avg. per client
$100.8M

What it does

Saturna Capital provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets, fixed fees and performance-based fees.

Saturna Capital provided financial planning to 11–25 clients last fiscal year and advises no private funds.

100.0% of assets ($10.48B across 139 accounts) are managed with discretion. $314.6M sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 1,265 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks87%
  • Funds1%
  • Cash12%

Custodians

Saturna Capital’s client accounts are held mainly at Pershing, with 3% of managed assets. Saturna Capital has custody of client assets.

Managed account assets by custodian
  • PershingPershing LLC · Jersey City, NJ · $314.6M3%
  • All other custodians$10.17B97%

Ownership and leadership

Jane Carten owns 50% to 75% of Saturna Capital.

Who owns the firm
Saturna Capital Corporation· the adviser

  • Jane Carten

    Control person · since February 2001

    Owns 50% to 75% of Saturna Capital Corporation

  • Nicholas Ferguson Kaiser Revocable Trust, Trusteed by Deborah Russell Kaiser

    Control person · since July 2025

    Owns 25% to 50% of Saturna Capital Corporation

Leadership

  • Jane Carten
    Executive Chair, President
  • Monem Salam
    Executive Director, Executive Vice President
  • Kalen Hanna
    Executive Director, Chief Financial Officer, Treasurer
  • Michael Lewis
    Chief Compliance Officer
  • Edward Alden
    Independent Director
  • Elliot Cohen
    Chief Legal Officer, Secretary
  • Christopher Fankhauser
    Executive Director, Chief Operations Officer
  • Robert Kaiser
    Executive Director, VP of Institutional Sales
  • Phelps McIlvaine
    Director
  • Michael Morse
    Independent Director
  • Jacob Stewart
    Anti-Money Laundering Officer
  • William Terry
    Independent Director

Staff

  • 92 employees
  • 12 in advisory functions
  • 29 state-registered reps
  • 80 broker-dealer reps

Reported holdings

Saturna Capital’s reported 13F holdings total $8.19B across 140 positions, and the ten largest make up 58.6% of it.

$8.19B
Reported 13F value
140
Positions
58.6%
In the 10 largest
+15.0%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Taiwan Semiconductor ADS9.9%
  2. Broadcom Ltd6.8%
  3. Apple6.7%
  4. Eli Lilly6.6%
  5. Microsoft5.9%
  6. Alphabet, Class A5.8%
  7. Nvidia5.4%
  8. ASML Holding NY5.0%
  9. Johnson Controls International3.5%
  10. Advanced Micro Devices3.1%

Together, the ten largest are 58.6% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 14 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $8.19B is not its $10.48B in regulatory assets and does not represent any individual client's portfolio.

Fees

Saturna Capital is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.

Saturna Capital’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Saturna Capital has 1 office, with 2 listed addresses in 1 state.

Listed office addresses by state

Washington · 2 listed addresses

  • 1300 N State ST., BellinghamHQ
  • 902 N State ST, Bellingham

Registration details

Legal name
Saturna Capital Corporation
Headquarters
1300 N State ST., Bellingham, WA 98225-4730
Phone
360-734-9900
Website
www.saturna.com
SEC file
801-35428
Structure
Washington corporation
Fiscal year end
June

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Saturna Capital have?

Saturna Capital has 104 clients and manages $10.5 billion for them, as of September 2026. They include 51 high-net-worth individuals, 32 other individuals and 8 charitable organizations.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 September 2026

What services does Saturna Capital offer?

Saturna Capital provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Saturna Capital use?

Saturna Capital’s separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $314,635,054. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 September 2026

How many financial advisors does Saturna Capital have?

Saturna Capital has 29 investment adviser representatives registered with state securities authorities, out of 92 employees, and 12 perform investment advisory functions. 80 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Saturna Capital invest in?

At the end of its last fiscal year, Saturna Capital’s separately managed accounts held 87% exchange-traded equities, 12% cash and equivalents and 1% registered funds (mutual funds, ETFs, BDCs). It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Saturna Capital?

Saturna Capital’s direct owners are Jane Carten (50% to 75%) and Nicholas Ferguson Kaiser Revocable Trust, Trusteed by Deborah Russell Kaiser (25% to 50%).

Source: Form ADV Part 1A, Schedules A and B, filed 28 September 2026

How does Saturna Capital get paid?

Saturna Capital is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 28 September 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 25586.
  3. Form 13F-HR, filed 14 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Saturna Capital Corporation and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.