SEC 13F Intelligence

Managers / Q4 2019 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

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

Reported Value
$267M
Q4 2019
Positions
101
Filings on Record
30
2019–present window
Filed
Feb 7, 2020
original filing

Summary

Boston Research & Management Inc reported $267M in U.S.-listed holdings across 101 positions for Q4 2019.

Its largest position, MSFT, represents 3.9% of the portfolio.

Compared with Q3 2019, the fund opened 2 new positions and exited 0.

Portfolio Metrics

Turnover
+1.1%
vs prior filed quarter
Top-10 Concentration
+26.2%
share of reported value
Largest Position
+3.9%
Microsoft

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: 62.7%Other: 23.4%ETP: 13.7%REIT: 0.3%
  • Common Stock · 62.7% · $167M
  • Other · 23.4% · $62M
  • ETP · 13.7% · $36M
  • REIT · 0.3% · $668,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
UNHUnitedHealth Group IncNEW+818818+$240,000$240,000
Yum China Holding Inc.NEW+4.3K4.3K+$207,000$207,000
AMEX Energy Sector SPDRADDED+6.6K11.7K+$401,000$699,000
IJHiShares Core S&P Midcap ETFADDED+1.6K7.4K+$397,000$2M
The Mosaic CompanyTRIMMED−28.9K80.0K−$502,000$2M
General Electric CompanyTRIMMED−5.4K19.1K−$6,000$213,000
AORiShares S&P Growth AllocationTRIMMED−1.9K13.2K−$67,000$632,000
MMM3M CoTRIMMED−3.2K22.4K−$261,000$4M

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

Holdings — Q4 2019

100 positions (from 101 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM3.94%$11M66.6K
2AAPLApple Inc.history →COM2.95%$8M26.8K
3Mastercard, Inc.COM2.79%$7M24.9K
4IVViShares Core S&P 500 ETFhistory →COM2.67%$7M22.0K
5INTCIntel Corphistory →COM2.62%$7M116.7K
6Cisco Systems, Inc.COM2.47%$7M137.3K
7FASTFastenal Cohistory →COM2.31%$6M166.4K
8WMTWal-Mart Storeshistory →COM2.17%$6M48.6K
9ACNAccenture PLChistory →COM2.15%$6M27.2K
10IJRiShares Core S&P SmallCap ETFhistory →COM2.15%$6M68.2K
11Alphabet, Inc. - Class ACOM2.11%$6M4.2K
12PGProcter & Gamble Cohistory →COM2.02%$5M43.1K
13Xylem Inc.COM1.99%$5M67.4K
14ABTAbbott Laboratorieshistory →COM1.98%$5M60.7K
15PEPPepsi Co Inchistory →COM1.97%$5M38.4K
16AbbVie Inc.COM1.95%$5M58.7K
17GISGeneral Mills Inc Comhistory →COM1.92%$5M95.5K
18MDTMedtronic Plchistory →COM1.90%$5M44.6K
19UTXZUnited Technologies Corphistory →COM1.89%$5M33.7K
20iShares Core MSCI Emerging MarCOM1.89%$5M93.6K
21MCDMcDonald's Corphistory →COM1.88%$5M25.4K
22BRK/BBerkshire Hathaway Inc. Classhistory →COM1.81%$5M21.3K
23KOCoca-Cola Companyhistory →COM1.80%$5M86.8K
24CMCSAComcast Corp Cl A Vtghistory →COM1.78%$5M105.3K
25CVSCVS Health Corphistory →COM1.76%$5M63.3K
26DISWalt Disney Co.history →COM1.69%$5M31.2K
27TSCOTractor Supply Cohistory →COM1.65%$4M47.2K
28MRKMerck & Co. Inc.history →COM1.65%$4M48.3K
29WUWestern Union Companyhistory →COM1.65%$4M163.8K
30Verizon CommunicationsCOM1.61%$4M70.0K
31Exxon Mobil Corp.COM1.60%$4M61.1K
32UPSUnited Parcel Serviceshistory →COM1.59%$4M36.1K
33COPConocoPhillipshistory →COM1.52%$4M62.4K
34Laboratory CP Amer HldgsCOM1.52%$4M23.9K
35CLColgate-Palmolive Companyhistory →COM1.51%$4M58.4K
36iShares Core MSCI EAFE ETFCOM1.50%$4M61.3K
37USBUS Bancorphistory →COM1.49%$4M66.8K
38MMM3M Cohistory →COM1.48%$4M22.4K
39BNYBank of New York Mellon Corp.history →COM1.46%$4M77.3K
40OMCOmnicom Group Inc Comhistory →COM1.44%$4M47.4K
41Linde PLCCOM1.41%$4M17.6K
42CHRWCH Robinson Worldwide Inchistory →COM1.41%$4M48.0K
43IWMiShares Russell 2000 Index Funhistory →COM1.37%$4M22.1K
44VBVanguard Small-Cap ETFCOM0.96%$3M15.5K
45SPYSPDR S&P 500 ETFCOM0.86%$2M7.2K
46iShares iBoxx High Yield CorpCOM0.80%$2M24.2K
47HDHome Depot, Inc.COM0.79%$2M9.6K
48VTIVanguard Total Stock Market ETCOM0.76%$2M12.4K
49BBHVanEck Vectors Biotech ETFCOM0.74%$2M14.1K
50iShares Comex Gold TrustCOM0.65%$2M119.7K
51The Mosaic CompanyCOM0.65%$2M80.0K
52IBBiShares Nasdaq Biotechnology ICOM0.61%$2M13.4K
53IJHiShares Core S&P Midcap ETFCOM0.57%$2M7.4K
54CTASCintas CorporationCOM0.56%$1M5.5K
55JNJJohnson & JohnsonCOM0.52%$1M9.5K
56AT&T CorpCOM0.50%$1M34.0K
57CVXChevron CorpCOM0.47%$1M10.4K
58J.P. Morgan Chase & Co.COM0.45%$1M8.6K
59VEAVanguard Europe Pacific ETFCOM0.40%$1M24.0K
60SYKStryker CorpCOM0.36%$951,0004.5K
61NEENextera Energy Inc.COM0.32%$864,0003.6K
62VWOVanguard Emerging Markets VIPECOM0.32%$843,00019.0K
63PFEPfizer Inc.COM0.30%$790,00020.2K
64Duke Energy Corp.COM0.27%$716,0007.9K
65SYYSysco CorpCOM0.26%$700,0008.2K
66AMEX Energy Sector SPDRCOM0.26%$699,00011.7K
67BXPBoston Properties, Inc.COM0.25%$668,0004.8K
68PAYXPaychex, Inc.COM0.25%$659,0007.8K
69AORiShares S&P Growth AllocationCOM0.24%$632,00013.2K
70ORCLOracle Corp.COM0.23%$612,00011.6K
71VEUVanguard FTSE All-World Ex-USCOM0.23%$610,00011.3K
72BMYBristol-Myers Squibb CompanyCOM0.23%$605,0009.4K
73IBMIntl Business Machines CorpCOM0.23%$600,0004.5K
74IYFiShares US Financials ETFCOM0.22%$595,0004.3K
75LLYEli Lilly & CoCOM0.22%$587,0004.5K
76BABoeing CoCOM0.19%$511,0001.6K
77CATCaterpillarCOM0.19%$505,0003.4K
78PPGPPG IndustriesCOM0.18%$493,0003.7K
79ITWIllinois Tool WorksCOM0.18%$479,0002.7K
80YUMYum! Brands Inc.COM0.18%$467,0004.6K
81KMBKimberly-Clark CorpCOM0.16%$438,0003.2K
82Waste Management, Inc.COM0.15%$407,0003.6K
83EMREmerson Electric CoCOM0.15%$388,0005.1K
84AGGiShares Core Total US Bond MarCOM0.14%$384,0003.4K
85DHRDanaher Corp.COM0.14%$366,0002.4K
86WFCWells Fargo & Co.COM0.12%$319,0005.9K
87FireEye Inc.COM0.12%$312,00018.9K
88VFCV F CorpCOM0.12%$310,0003.1K
89SOSouthern CoCOM0.11%$300,0004.7K
90MRSHMarsh & McLennan Companies, InCOM0.11%$291,0002.6K
91AMGNAmgen Inc.COM0.11%$284,0001.2K
92TXNTexas InstrumentsCOM0.10%$264,0002.1K
93QCOMQualcomm, Inc.COM0.10%$261,0003.0K
94GPCGenuine PartsCOM0.09%$253,0002.4K
95UNHUnitedHealth Group IncCOM0.09%$240,000818
96HUBBHubbell IncorporatedCOM0.08%$226,0001.5K
97Wisconsin Energy Group Inc.COM0.08%$219,0002.4K
98General Electric CompanyCOM0.08%$213,00019.1K
99CLXClorox CompanyCOM0.08%$211,0001.4K
100Yum China Holding Inc.COM0.08%$207,0004.3K

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 ↗.