SEC 13F Intelligence

Managers / Q3 2019 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

CIK 0001259261 · 40 BEACH STREET, SUITE 200, MANCHESTER, MA, 01944 · 978-526-9700

Reported Value
$253M
Q3 2019
Positions
99
Filings on Record
30
2019–present window
Filed
Nov 12, 2019
original filing

Summary

Boston Research & Management Inc reported $253M in U.S.-listed holdings across 99 positions for Q3 2019.

Its largest position, MSFT, represents 3.8% of the portfolio.

Compared with Q2 2019, the fund opened 3 new positions and exited 3.

Portfolio Metrics

Turnover
+2.9%
vs prior filed quarter
Top-10 Concentration
+25.7%
share of reported value
Largest Position
+3.8%
Microsoft
New / Exited
3 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $240MQ1 ’19Q2 ’19: $247MQ3 ’19: $253MQ4 ’19: $267MQ1 ’20: $199MQ1 ’20Q2 ’20: $241MQ3 ’20: $256MQ4 ’20: $287MQ1 ’21: $311MQ1 ’21Q2 ’21: $330MQ3 ’21: $336MQ4 ’21: $366MQ1 ’22: $344MQ1 ’22Q2 ’22: $309MQ3 ’22: $294MQ4 ’22: $323MQ1 ’23: $335MQ1 ’23Q2 ’23: $353MQ3 ’23: $338MQ4 ’23: $377MQ1 ’24: $405MQ1 ’24Q2 ’24: $395MQ3 ’24: $426MQ4 ’24: $407MQ1 ’25: $403MQ1 ’25Q2 ’25: $418MQ3 ’25: $453MQ4 ’25: $434MQ1 ’26: $421MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 62.9%Other: 23.5%ETP: 13.3%REIT: 0.2%
  • Common Stock · 62.9% · $159M
  • Other · 23.5% · $59M
  • ETP · 13.3% · $34M
  • REIT · 0.2% · $628,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMEX Energy Sector SPDRNEW+5.0K5.0K+$298,000$298,000
Wisconsin Energy Group Inc.NEW+2.4K2.4K+$226,000$226,000
HUBBHubbell IncorporatedNEW+1.5K1.5K+$201,000$201,000
STTState Str Corp ComSOLD OUT−36.4K0−$2M$0
IEZiShares US Oil Equipment & SerSOLD OUT−35.1K0−$760,000$0
VanEck Vectors Oil Services ETSOLD OUT−44.0K0−$652,000$0
General Electric CompanyADDED+7.1K24.5K+$36,000$219,000
IVViShares Core S&P 500 ETFADDED+2.3K22.5K+$753,000$7M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2019

98 positions (from 99 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM3.79%$10M68.9K
2Mastercard, Inc.COM2.80%$7M26.1K
3Cisco Systems, Inc.COM2.70%$7M138.2K
4IVViShares Core S&P 500 ETFhistory →COM2.66%$7M22.5K
5AAPLApple Inc.history →COM2.51%$6M28.3K
6INTCIntel Corphistory →COM2.48%$6M121.5K
7WMTWal-Mart Storeshistory →COM2.33%$6M49.6K
8FASTFastenal Cohistory →COM2.20%$6M170.5K
9MCDMcDonald's Corphistory →COM2.15%$5M25.3K
10PGProcter & Gamble Cohistory →COM2.12%$5M43.1K
11Xylem Inc.COM2.11%$5M67.1K
12Alphabet, Inc. - Class ACOM2.10%$5M4.3K
13ACNAccenture PLChistory →COM2.09%$5M27.5K
14PEPPepsi Co Inchistory →COM2.06%$5M38.0K
15IJRiShares Core S&P SmallCap ETFhistory →COM2.06%$5M66.9K
16ABTAbbott Laboratorieshistory →COM2.02%$5M61.0K
17GISGeneral Mills Inc Comhistory →COM2.00%$5M91.7K
18MDTMedtronic Plchistory →COM1.92%$5M44.7K
19KOCoca-Cola Companyhistory →COM1.88%$5M87.6K
20CMCSAComcast Corp Cl A Vtghistory →COM1.88%$5M105.6K
21UTXZUnited Technologies Corphistory →COM1.86%$5M34.5K
22iShares Core MSCI Emerging MarCOM1.82%$5M93.9K
23BRK/BBerkshire Hathaway Inc. Classhistory →COM1.78%$4M21.6K
24AbbVie Inc.COM1.77%$4M59.0K
25CHRWCH Robinson Worldwide Inchistory →COM1.72%$4M51.3K
26UPSUnited Parcel Serviceshistory →COM1.68%$4M35.4K
27TSCOTractor Supply Cohistory →COM1.68%$4M46.9K
28Verizon CommunicationsCOM1.67%$4M69.9K
29Exxon Mobil Corp.COM1.67%$4M59.7K
30MMM3M Cohistory →COM1.66%$4M25.6K
31CLColgate-Palmolive Companyhistory →COM1.65%$4M56.9K
32MRKMerck & Co. Inc.history →COM1.61%$4M48.3K
33CVSCVS Health Corphistory →COM1.60%$4M64.3K
34DISWalt Disney Co.history →COM1.59%$4M30.9K
35Laboratory CP Amer HldgsCOM1.58%$4M23.7K
36WUWestern Union Companyhistory →COM1.53%$4M166.7K
37COPConocoPhillipshistory →COM1.48%$4M65.8K
38USBUS Bancorphistory →COM1.47%$4M67.0K
39OMCOmnicom Group Inc Comhistory →COM1.45%$4M47.0K
40Linde PLCCOM1.38%$3M18.0K
41BNYBank of New York Mellon Corp.history →COM1.37%$3M76.7K
42iShares Core MSCI EAFE ETFCOM1.35%$3M56.0K
43IWMiShares Russell 2000 Index Funhistory →COM1.32%$3M22.1K
44VBVanguard Small-Cap ETFCOM0.98%$2M16.1K
45HDHome Depot, Inc.COM0.90%$2M9.8K
46The Mosaic CompanyCOM0.88%$2M109.0K
47SPYSPDR S&P 500 ETFCOM0.84%$2M7.2K
48iShares iBoxx High Yield CorpCOM0.84%$2M24.3K
49VTIVanguard Total Stock Market ETCOM0.74%$2M12.4K
50BBHVanEck Vectors Biotech ETFCOM0.69%$2M14.7K
51iShares Comex Gold TrustCOM0.66%$2M118.7K
52CTASCintas CorporationCOM0.59%$1M5.5K
53IBBiShares Nasdaq Biotechnology ICOM0.52%$1M13.3K
54AT&T CorpCOM0.51%$1M34.4K
55CVXChevron CorpCOM0.49%$1M10.4K
56JNJJohnson & JohnsonCOM0.48%$1M9.5K
57IJHiShares Core S&P Midcap ETFCOM0.45%$1M5.8K
58J.P. Morgan Chase & Co.COM0.41%$1M8.9K
59VEAVanguard Europe Pacific ETFCOM0.39%$986,00024.0K
60SYKStryker CorpCOM0.39%$980,0004.5K
61NEENextera Energy Inc.COM0.33%$831,0003.6K
62VWOVanguard Emerging Markets VIPECOM0.30%$763,00019.0K
63Duke Energy Corp.COM0.30%$753,0007.9K
64PFEPfizer Inc.COM0.29%$724,00020.2K
65AORiShares S&P Growth AllocationCOM0.28%$699,00015.2K
66IBMIntl Business Machines CorpCOM0.26%$651,0004.5K
67SYYSysco CorpCOM0.26%$650,0008.2K
68PAYXPaychex, Inc.COM0.25%$641,0007.8K
69ORCLOracle Corp.COM0.25%$636,00011.6K
70BXPBoston Properties, Inc.COM0.25%$628,0004.8K
71BABoeing CoCOM0.24%$597,0001.6K
72VEUVanguard FTSE All-World Ex-USCOM0.23%$578,00011.6K
73IYFiShares US Financials ETFCOM0.22%$556,0004.3K
74YUMYum! Brands Inc.COM0.21%$526,0004.6K
75LLYEli Lilly & CoCOM0.20%$500,0004.5K
76BMYBristol-Myers Squibb CompanyCOM0.19%$478,0009.4K
77KMBKimberly-Clark CorpCOM0.18%$452,0003.2K
78PPGPPG IndustriesCOM0.17%$438,0003.7K
79CATCaterpillarCOM0.17%$432,0003.4K
80ITWIllinois Tool WorksCOM0.16%$417,0002.7K
81Waste Management, Inc.COM0.16%$411,0003.6K
82AGGiShares Core Total US Bond MarCOM0.15%$391,0003.5K
83DHRDanaher Corp.COM0.14%$349,0002.4K
84EMREmerson Electric CoCOM0.13%$340,0005.1K
85WFCWells Fargo & Co.COM0.12%$299,0005.9K
86AMEX Energy Sector SPDRCOM0.12%$298,0005.0K
87SOSouthern CoCOM0.11%$290,0004.7K
88VFCV F CorpCOM0.11%$277,0003.1K
89TXNTexas InstrumentsCOM0.11%$266,0002.1K
90MRSHMarsh & McLennan Companies, InCOM0.10%$262,0002.6K
91FireEye Inc.COM0.10%$252,00018.9K
92GPCGenuine PartsCOM0.09%$238,0002.4K
93AMGNAmgen Inc.COM0.09%$228,0001.2K
94Wisconsin Energy Group Inc.COM0.09%$226,0002.4K
95QCOMQualcomm, Inc.COM0.09%$225,0003.0K
96General Electric CompanyCOM0.09%$219,00024.5K
97CLXClorox CompanyCOM0.08%$208,0001.4K
98HUBBHubbell IncorporatedCOM0.08%$201,0001.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$421M114Apr 10, 202613F-HRchanges · EDGAR ↗
Q4 2025$434M120Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$453M119Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$418M116Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$403M116May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$407M115Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$426M115Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$395M114Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$405M116May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$377M114Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$338M114Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$353M113Aug 1, 202313F-HRchanges · EDGAR ↗
Q1 2023$335M110May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$323M106Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$294M102Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$309M106Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$344M111May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$366M112Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$336M108Nov 10, 2021RESTATEMENTchanges · EDGAR ↗
Q2 2021$330M108Aug 11, 202113F-HRchanges · EDGAR ↗
Q1 2021$311M105May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$287M104Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$256M101Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$241M97Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$199M92May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$267M101Feb 7, 202013F-HRchanges · EDGAR ↗
Q3 2019$253M99Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$247M99Aug 7, 201913F-HRchanges · EDGAR ↗
Q1 2019$240M104May 7, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.