The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

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: 03-31-2021
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: Saturna Capital CORP
Address: 1300 N. STATE ST.
BELLINGHAM , WA98225
Form 13F File Number: 028-11042

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: Michael Lewis
Title: Chief Compliance Officer
Phone: 3607349900
Signature, Place, and Date of Signing:
Michael Lewis Mukilteo , WA 05-13-2021
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 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: 165
Form 13F Information Table Value Total: 4,480,890
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name

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.]
No. Form 13F File Number Name


SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

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 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M Common Stock 88579Y101 38,992 202,367 SH SOLE 0 200,000 0 2,367
Abbott Laboratories Common Stock 002824100 51,863 432,766 SH SOLE 0 373,499 0 59,267
AbbVie Common Stock 00287Y109 39,594 365,869 SH SOLE 0 350,000 0 15,869
AC Immune SA Common Stock H00263105 199 26,100 SH SOLE 0 0 0 26,100
Accenture, Class A Common Stock G1151C101 4,135 14,968 SH SOLE 0 10,850 0 4,118
ACI Worldwide Common Stock 004498101 304 8,000 SH SOLE 0 0 0 8,000
Adobe Common Stock 00724F101 201,361 423,588 SH SOLE 0 408,600 0 14,988
Agilent Technologies Common Stock 00846U101 115,838 911,103 SH SOLE 0 900,000 0 11,103
Agnico-Eagle Mines Common Stock 008474108 1,508 26,090 SH SOLE 0 20,000 0 6,090
Air Products & Chemicals Common Stock 009158106 31,517 112,025 SH SOLE 0 110,000 0 2,025
Alcon ADR H01301128 1,839 26,198 SH SOLE 0 25,000 0 1,198
Alphabet inc., C Common Stock 02079K107 207 100 SH SOLE 0 0 0 100
Alphabet, Class A Common Stock 02079K305 20,623 9,999 SH SOLE 0 8,184 0 1,815
Amazon.com Common Stock 023135106 5,792 1,872 SH SOLE 0 1,445 0 427
Amgen Common Stock 031162100 89,627 360,221 SH SOLE 0 355,880 0 4,341
ANAVEX LIFE SCIENCES CORP COM NEW Common Stock 032797300 196 13,100 SH SOLE 0 0 0 13,100
Aon PLC Common Stock G0403H108 383 1,664 SH SOLE 0 0 0 1,664
Apple Common Stock 037833100 278,517 2,280,123 SH SOLE 0 2,062,400 0 217,723
ASML Holding NY Common Stock N07059210 201,113 325,763 SH SOLE 0 325,000 0 763
AT&T Common Stock 00206R102 375 12,391 SH SOLE 0 7,500 0 4,891
Atlassian Common Stock G06242104 314 1,490 SH SOLE 0 1,490 0 0
Baidu ADS ADR 056752108 1,958 9,000 SH SOLE 0 9,000 0 0
Barrick Gold Common Stock 067901108 2,919 147,428 SH SOLE 0 100,000 0 47,428
BCE Common Stock 05534B760 2,426 53,750 SH SOLE 0 51,600 0 2,150
BHP Biliton ADR ADR 088606108 675 9,733 SH SOLE 0 5,500 0 4,233
BioNTech SE Common Stock 09075V102 251 2,300 SH SOLE 0 0 0 2,300
BlackRock Common Stock 09247X101 226 300 SH SOLE 0 300 0 0
Booking Holdings Common Stock 09857L108 315 135 SH SOLE 0 0 0 135
Bristol-Myers Squibb Common Stock 110122108 57,695 913,911 SH SOLE 0 886,800 0 27,111
Canadian National Railway Common Stock 136375102 46,160 398,000 SH SOLE 0 386,000 0 12,000
Canadian Pacific Railway Common Stock 13645T100 303 800 SH SOLE 0 0 0 800
Carlisle Common Stock 142339100 42,906 260,700 SH SOLE 0 260,000 0 700
Cassava Sciences, Inc. Common Stock 14817C107 2,477 55,100 SH SOLE 0 0 0 55,100
CGI Group Inc Class A Common Stock 12532H104 499 6,000 SH SOLE 0 0 0 6,000
Charles River Laboratories Common Stock 159864107 1,042 3,595 SH SOLE 0 0 0 3,595
Chubb Common Stock H1467J104 444 2,810 SH SOLE 0 2,810 0 0
Church & Dwight Common Stock 171340102 106,843 1,223,165 SH SOLE 0 1,203,400 0 19,765
Cisco Systems Common Stock 17275R102 109,004 2,107,983 SH SOLE 0 2,055,000 0 52,983
Clorox Common Stock 189054109 37,254 193,145 SH SOLE 0 190,800 0 2,345
Colgate-Palmolive Common Stock 194162103 34,052 431,966 SH SOLE 0 431,400 0 566
Columbia Sportswear Common Stock 198516106 634 6,000 SH SOLE 0 0 0 6,000
Comfort Systems USA Common Stock 199908104 673 9,000 SH SOLE 0 0 0 9,000
ConocoPhillips Common Stock 20825C104 265 5,000 SH SOLE 0 4,000 0 1,000
Corteva Common Stock 22052L104 1,314 28,176 SH SOLE 0 27,500 0 676
Costco Wholesale Common Stock 22160K105 1,892 5,367 SH SOLE 0 4,883 0 484
CSW Industrials, Inc. Common Stock 126402106 945 7,000 SH SOLE 0 0 0 7,000
Denali Common Stock 24823R105 286 5,000 SH SOLE 0 0 0 5,000
DermTech Inc. Common Stock 24984K105 246 4,850 SH SOLE 0 0 0 4,850
Duke Realty Common Stock 264411505 546 13,020 SH SOLE 0 0 0 13,020
Ecolab Common Stock 278865100 2,970 13,873 SH SOLE 0 7,743 0 6,130
EDAP TMS S.A. Common Stock 268311107 176 21,000 SH SOLE 0 0 0 21,000
Editas Medicine Common Stock 28106W103 452 10,750 SH SOLE 0 0 0 10,750
Edwards Lifesciences Common Stock 28176E108 1,932 23,095 SH SOLE 0 17,100 0 5,995
Elanco Animal Health Common Stock 28414H103 566 19,209 SH SOLE 0 0 0 19,209
Electronic Arts Common Stock 285512109 866 6,400 SH SOLE 0 6,400 0 0
Eli Lilly Common Stock 532457108 171,835 919,788 SH SOLE 0 910,000 0 9,788
EMCOR Group Common Stock 29084Q100 10,055 89,650 SH SOLE 0 89,650 0 0
Equinor ADR ADR 29446M102 331 17,000 SH SOLE 0 17,000 0 0
Estee Lauder, Class A Common Stock 518439104 133,739 459,821 SH SOLE 0 458,594 0 1,227
Exponent Common Stock 30214U102 682 7,000 SH SOLE 0 0 0 7,000
Fastenal Common Stock 311900104 32,381 644,008 SH SOLE 0 635,800 0 8,208
Fidelity National Information Srvcs Common Stock 31620M106 797 5,668 SH SOLE 0 4,358 0 1,310
Fortune Brands Home & Security Common Stock 34964C106 623 6,500 SH SOLE 0 0 0 6,500
Gartner Common Stock 366651107 32,976 180,641 SH SOLE 0 179,900 0 741
Genuine Parts Common Stock 372460105 45,460 393,290 SH SOLE 0 382,000 0 11,290
GlaxoSmithKline ADS ADR 37733W105 15,478 433,687 SH SOLE 0 397,607 0 36,080
Hasbro Common Stock 418056107 713 7,420 SH SOLE 0 1,800 0 5,620
Home Depot Common Stock 437076102 2,538 8,314 SH SOLE 0 2,100 0 6,214
Honeywell International Common Stock 438516106 56,859 261,937 SH SOLE 0 261,000 0 937
ICF International Common Stock 44925C103 979 11,200 SH SOLE 0 0 0 11,200
Idacorp Common Stock 451107106 1,320 13,200 SH SOLE 0 0 0 13,200
Illinois Tool Works Common Stock 452308109 70,007 316,031 SH SOLE 0 300,000 0 16,031
Intel Common Stock 458140100 59,917 936,200 SH SOLE 0 903,500 0 32,700
International Flavors & Fragrances Common Stock 459506101 698 5,000 SH SOLE 0 5,000 0 0
Intuit Common Stock 461202103 177,320 462,905 SH SOLE 0 450,000 0 12,905
Investco QQQ Trust Common Stock 46090E103 330 1,034 SH SOLE 0 0 0 1,034
Johnson & Johnson Common Stock 478160104 82,801 503,810 SH SOLE 0 483,815 0 19,995
Johnson Controls International Common Stock G51502105 64,551 1,081,795 SH SOLE 0 1,072,050 0 9,745
JP Morgan Chase Common Stock 46625H100 1,941 12,751 SH SOLE 0 10,850 0 1,901
Juniper Networks Common Stock 48203R104 472 18,650 SH SOLE 0 0 0 18,650
Kansas City Southern Industries Common Stock 485170302 3,857 14,615 SH SOLE 0 7,200 0 7,415
Keysight Technologies Common Stock 49338L103 71,869 501,179 SH SOLE 0 500,000 0 1,179
Kimberly-Clark Common Stock 494368103 32,670 234,950 SH SOLE 0 230,000 0 4,950
Koninklijke Philips Common Stock 500472303 2,541 44,548 SH SOLE 0 43,426 0 1,122
Lincoln Electric Holdings Common Stock 533900106 38,197 310,700 SH SOLE 0 307,000 0 3,700
Linde Common Stock G5494J103 37,951 135,471 SH SOLE 0 134,500 0 971
Lowe's Common Stock 548661107 81,778 430,004 SH SOLE 0 414,100 0 15,904
Mastercard, Class A Common Stock 57636Q104 3,842 10,791 SH SOLE 0 10,274 0 517
McCormick & Co Common Stock 579780206 55,181 618,897 SH SOLE 0 601,000 0 17,897
MercadoLibre Common Stock 58733R102 6,919 4,700 SH SOLE 0 4,700 0 0
Merck & Co Common Stock 58933Y105 1,714 22,237 SH SOLE 0 10,000 0 12,237
Mesa Laboratories Common Stock 59064R109 219 900 SH SOLE 0 0 0 900
Micro Focus International ADR 594837403 230 30,000 SH SOLE 0 30,000 0 0
Microchip Technology Common Stock 595017104 296 1,907 SH SOLE 0 0 0 1,907
Micron Technology Common Stock 595112103 1,711 19,400 SH SOLE 0 18,400 0 1,000
Microsoft Common Stock 594918104 104,454 443,033 SH SOLE 0 421,158 0 21,875
Monolithic Power Systems Common Stock 609839105 1,134 3,211 SH SOLE 0 3,200 0 11
Monster Beverage Common Stock 61174X109 2,036 22,350 SH SOLE 0 6,500 0 15,850
Moody's Common Stock 615369105 1,699 5,689 SH SOLE 0 0 0 5,689
Newmont Common Stock 651639106 48,026 796,851 SH SOLE 0 772,000 0 24,851
NextEra Energy Common Stock 65339F101 302 4,000 SH SOLE 0 4,000 0 0
NICE Systems ADR ADR 653656108 5,833 26,759 SH SOLE 0 25,900 0 859
Nike, Class B Common Stock 654106103 17,849 134,311 SH SOLE 0 110,276 0 24,035
Norfolk Southern Common Stock 655844108 68,780 256,145 SH SOLE 0 250,000 0 6,145
Novartis ADS ADR 66987V109 24,018 280,973 SH SOLE 0 257,950 0 23,023
Novo Nordisk ADS ADR 670100205 72,619 1,077,113 SH SOLE 0 1,057,745 0 19,368
NVIDIA Common Stock 67066G104 655 1,226 SH SOLE 0 1,200 0 26
NXP Semiconductors Common Stock N6596X109 1,445 7,175 SH SOLE 0 2,750 0 4,425
OpenText Common Stock 683715106 2,965 62,150 SH SOLE 0 62,150 0 0
Oracle Common Stock 68389X105 49,494 705,347 SH SOLE 0 674,400 0 30,947
Orange ADR ADR 684060106 247 20,000 SH SOLE 0 20,000 0 0
Parker Hannifin Common Stock 701094104 16,028 50,812 SH SOLE 0 50,800 0 12
Paypal Common Stock 70450Y103 971 4,000 SH SOLE 0 4,000 0 0
PepsiCo Common Stock 713448108 56,635 400,390 SH SOLE 0 393,300 0 7,090
Pfizer Common Stock 717081103 43,833 1,209,853 SH SOLE 0 1,163,500 0 46,353
Pinterest Common Stock 72352L106 518 7,000 SH SOLE 0 0 0 7,000
PNC Financial Services Group Common Stock 693475105 1,473 8,400 SH SOLE 0 8,400 0 0
PPG Industries Common Stock 693506107 60,166 400,413 SH SOLE 0 394,900 0 5,513
Procter & Gamble Common Stock 742718109 6,285 46,411 SH SOLE 0 41,150 0 5,261
Public Storage International Common Stock 74460D109 870 3,525 SH SOLE 0 0 0 3,525
Qualcomm Common Stock 747525103 112,780 850,592 SH SOLE 0 822,700 0 27,892
Raymond James Financial Common Stock 754730109 682 5,568 SH SOLE 0 0 0 5,568
Rio Tinto ADS ADR 767204100 3,652 47,035 SH SOLE 0 43,000 0 4,035
Rockwell Automation Common Stock 773903109 79,632 300,000 SH SOLE 0 300,000 0 0
Roper Technologies Common Stock 776696106 686 1,700 SH SOLE 0 0 0 1,700
Ross Stores Common Stock 778296103 1,190 9,920 SH SOLE 0 1,750 0 8,170
Royal Dutch Shell ADR, Class A ADR 780259206 390 9,949 SH SOLE 0 8,900 0 1,049
RPM International Common Stock 749685103 4,935 53,731 SH SOLE 0 49,400 0 4,331
SailPoint Technologies Holdings Common Stock 78781P105 456 9,000 SH SOLE 0 0 0 9,000
Salesforce.com Common Stock 79466L302 399 1,883 SH SOLE 0 0 0 1,883
Sanderson Farms Common Stock 800013104 280 1,800 SH SOLE 0 0 0 1,800
SAP ADS ADR 803054204 28,314 230,592 SH SOLE 0 230,579 0 13
SK Telecom ADR ADR 78440P108 272 10,000 SH SOLE 0 10,000 0 0
Sony ADS ADR 835699307 3,389 31,970 SH SOLE 0 30,900 0 1,070
Southwest Airlines Common Stock 844741108 763 12,500 SH SOLE 0 12,500 0 0
Stanley Black & Decker Common Stock 854502101 16,838 84,329 SH SOLE 0 81,634 0 2,695
Starbucks Common Stock 855244109 2,154 19,717 SH SOLE 0 17,887 0 1,830
STMicroelectronics (NY shares) ADR 861012102 2,425 63,265 SH SOLE 0 7,800 0 55,465
Stryker Common Stock 863667101 75,450 309,755 SH SOLE 0 303,000 0 6,755
SVMK Common Stock 78489X103 379 20,700 SH SOLE 0 0 0 20,700
Taiwan Semiconductor ADS ADR 874039100 252,557 2,135,248 SH SOLE 0 2,097,169 0 38,079
Take-Two Interactive Software Common Stock 874054109 1,657 9,375 SH SOLE 0 7,500 0 1,875
TE Connectivity Common Stock H84989104 1,222 9,465 SH SOLE 0 3,200 0 6,265
Telekomunikasi Indonesia ADS ADR 715684106 1,650 69,800 SH SOLE 0 49,000 0 20,800
Telus Common Stock 87971M103 2,284 114,600 SH SOLE 0 106,600 0 8,000
Texas Instruments Common Stock 882508104 49,489 261,859 SH SOLE 0 255,100 0 6,759
TJX Companies Common Stock 872540109 79,928 1,208,283 SH SOLE 0 1,168,278 0 40,005
Toronto-Dominion Bank Common Stock 891160509 424 6,500 SH SOLE 0 0 0 6,500
TPI Composites, Inc. Common Stock 87266J104 1,591 28,200 SH SOLE 0 22,500 0 5,700
Trimble Common Stock 896239100 121,125 1,557,083 SH SOLE 0 1,512,000 0 45,083
Tyler Technologies Common Stock 902252105 807 1,900 SH SOLE 0 0 0 1,900
U.S. PHYSICAL THERAPY INC. - O Common Stock 90337L108 521 5,000 SH SOLE 0 0 0 5,000
Unilever ADS ADR 904767704 25,610 458,715 SH SOLE 0 421,800 0 36,915
Union Pacific Common Stock 907818108 67,496 306,228 SH SOLE 0 300,000 0 6,228
United Parcel Service, Class B Common Stock 911312106 1,836 10,802 SH SOLE 0 0 0 10,802
UnitedHealth Group Common Stock 91324P102 446 1,200 SH SOLE 0 300 0 900
Unity Biotechnology Common Stock 91381U101 180 30,000 SH SOLE 0 0 0 30,000
VF Common Stock 918204108 1,584 19,825 SH SOLE 0 17,800 0 2,025
Virtu Financial Common Stock 928254101 854 27,500 SH SOLE 0 27,500 0 0
Visa Common Stock 92826C839 213 1,008 SH SOLE 0 900 0 108
W.W. Grainger Common Stock 384802104 32,716 81,600 SH SOLE 0 80,000 0 1,600
Xilinx Common Stock 983919101 62,756 506,506 SH SOLE 0 500,000 0 6,506
Zoura INC CL A Common Stock 98983V106 192 13,000 SH SOLE 0 0 0 13,000
Zumiez Common Stock 989817101 257 6,000 SH SOLE 0 0 0 6,000
Zynga Inc CL A Common Stock 98986T108 807 79,000 SH SOLE 0 0 0 79,000