SEC 13F Intelligence

Managers / Q1 2020 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

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

Reported Value
$199M
Q1 2020
Positions
92
Filings on Record
30
2019–present window
Filed
May 8, 2020
original filing

Summary

Boston Research & Management Inc reported $199M in U.S.-listed holdings across 92 positions for Q1 2020.

Its largest position, MSFT, represents 5.1% of the portfolio.

Compared with Q4 2019, the fund opened 0 new positions and exited 9.

Portfolio Metrics

Turnover
+0.7%
vs prior filed quarter
Top-10 Concentration
+29.6%
share of reported value
Largest Position
+5.1%
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: 62.2%Other: 22.8%ETP: 14.7%REIT: 0.2%
  • Common Stock · 62.2% · $124M
  • Other · 22.8% · $45M
  • ETP · 14.7% · $29M
  • REIT · 0.2% · $447,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMEX Energy Sector SPDRADDED+28.2K39.9K+$460,000$1M
The Mosaic CompanySOLD OUT−80.0K0−$2M$0
IYFiShares US Financials ETFSOLD OUT−4.3K0−$595,000$0
WFCWells Fargo & Co.SOLD OUT−5.9K0−$319,000$0
VFCV F CorpSOLD OUT−3.1K0−$310,000$0
TXNTexas InstrumentsSOLD OUT−2.1K0−$264,000$0
GPCGenuine PartsSOLD OUT−2.4K0−$253,000$0
HUBBHubbell IncorporatedSOLD OUT−1.5K0−$226,000$0

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

Holdings — Q1 2020

91 positions (from 92 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM5.06%$10M63.9K
2IVViShares Core S&P 500 ETFhistory →COM3.95%$8M30.5K
3Mastercard, Inc.COM2.80%$6M23.1K
4WMTWal-Mart Storeshistory →COM2.73%$5M47.8K
5Cisco Systems, Inc.COM2.72%$5M137.7K
6FASTFastenal Cohistory →COM2.53%$5M161.2K
7GISGeneral Mills Inc Comhistory →COM2.53%$5M95.4K
8AAPLApple Inc.history →COM2.47%$5M19.3K
9INTCIntel Corphistory →COM2.45%$5M90.1K
10ABTAbbott Laboratorieshistory →COM2.39%$5M60.4K
11PGProcter & Gamble Cohistory →COM2.35%$5M42.5K
12Alphabet, Inc. - Class ACOM2.35%$5M4.0K
13AbbVie Inc.COM2.22%$4M57.9K
14PEPPepsi Co Inchistory →COM2.21%$4M36.7K
15ACNAccenture PLChistory →COM2.16%$4M26.3K
16Xylem Inc.COM2.16%$4M66.0K
17MCDMcDonald's Corphistory →COM2.07%$4M25.0K
18TSCOTractor Supply Cohistory →COM2.02%$4M47.5K
19MDTMedtronic Plchistory →COM2.01%$4M44.3K
20IJRiShares Core S&P SmallCap ETFhistory →COM1.99%$4M70.5K
21BRK/BBerkshire Hathaway Inc. Classhistory →COM1.92%$4M20.9K
22CLColgate-Palmolive Companyhistory →COM1.92%$4M57.5K
23Verizon CommunicationsCOM1.91%$4M70.8K
24MRKMerck & Co. Inc.history →COM1.87%$4M48.5K
25CVSCVS Health Corphistory →COM1.87%$4M62.9K
26CMCSAComcast Corp Cl A Vtghistory →COM1.78%$4M103.1K
27iShares Core MSCI Emerging MarCOM1.67%$3M82.2K
28UPSUnited Parcel Serviceshistory →COM1.64%$3M35.0K
29KOCoca-Cola Companyhistory →COM1.56%$3M70.2K
30CHRWCH Robinson Worldwide Inchistory →COM1.54%$3M46.3K
31DISWalt Disney Co.history →COM1.50%$3M30.9K
32Linde PLCCOM1.50%$3M17.2K
33Laboratory CP Amer HldgsCOM1.47%$3M23.2K
34MMM3M Cohistory →COM1.41%$3M20.6K
35iShares Core MSCI EAFE ETFCOM1.24%$2M49.5K
36IWMiShares Russell 2000 Index Funhistory →COM1.24%$2M21.5K
37BNYBank of New York Mellon Corp.history →COM1.22%$2M72.1K
38WUWestern Union Companyhistory →COM1.14%$2M125.2K
39OMCOmnicom Group Inc Comhistory →COM1.09%$2M39.4K
40iShares iBoxx High Yield CorpCOM0.95%$2M24.5K
41USBUS BancorpCOM0.93%$2M53.7K
42BBHVanEck Vectors Biotech ETFCOM0.93%$2M14.4K
43SPYSPDR S&P 500 ETFCOM0.93%$2M7.2K
44iShares Comex Gold TrustCOM0.89%$2M118.1K
45HDHome Depot, Inc.COM0.89%$2M9.5K
46Exxon Mobil Corp.COM0.81%$2M42.6K
47VTIVanguard Total Stock Market ETCOM0.80%$2M12.4K
48VBVanguard Small-Cap ETFCOM0.72%$1M12.4K
49IBBiShares Nasdaq Biotechnology ICOM0.70%$1M13.0K
50COPConocoPhillipsCOM0.63%$1M40.6K
51JNJJohnson & JohnsonCOM0.63%$1M9.5K
52AMEX Energy Sector SPDRCOM0.58%$1M39.9K
53AT&T CorpCOM0.49%$973,00033.4K
54CTASCintas CorporationCOM0.48%$957,0005.5K
55NEENextera Energy Inc.COM0.43%$859,0003.6K
56VEUVanguard FTSE All-World Ex-USCOM0.41%$824,00020.1K
57CVXChevron CorpCOM0.39%$784,00010.8K
58J.P. Morgan Chase & Co.COM0.37%$731,0008.1K
59SYKStryker CorpCOM0.36%$724,0004.4K
60PFEPfizer Inc.COM0.33%$658,00020.2K
61IJHiShares Core S&P Midcap ETFCOM0.33%$656,0004.6K
62Duke Energy Corp.COM0.32%$635,0007.9K
63LLYEli Lilly & CoCOM0.31%$620,0004.5K
64ORCLOracle Corp.COM0.28%$565,00011.7K
65VEAVanguard Europe Pacific ETFCOM0.28%$561,00016.8K
66AORiShares S&P Growth AllocationCOM0.27%$535,00012.9K
67BMYBristol-Myers Squibb CompanyCOM0.25%$499,0009.0K
68PAYXPaychex, Inc.COM0.24%$487,0007.8K
69IBMIntl Business Machines CorpCOM0.24%$487,0004.4K
70BXPBoston Properties, Inc.COM0.22%$447,0004.8K
71KMBKimberly-Clark CorpCOM0.20%$407,0003.2K
72CATCaterpillarCOM0.20%$397,0003.4K
73AGGiShares Core Total US Bond MarCOM0.20%$395,0003.4K
74ITWIllinois Tool WorksCOM0.19%$379,0002.7K
75SYYSysco CorpCOM0.19%$373,0008.2K
76DHRDanaher Corp.COM0.17%$330,0002.4K
77YUMYum! Brands Inc.COM0.16%$317,0004.6K
78PPGPPG IndustriesCOM0.16%$309,0003.7K
79Waste Management, Inc.COM0.14%$286,0003.1K
80VWOVanguard Emerging Markets VIPECOM0.13%$268,0008.0K
81SOSouthern CoCOM0.13%$254,0004.7K
82EMREmerson Electric CoCOM0.12%$243,0005.1K
83AMGNAmgen Inc.COM0.12%$239,0001.2K
84CLXClorox CompanyCOM0.12%$238,0001.4K
85BABoeing CoCOM0.12%$234,0001.6K
86MRSHMarsh & McLennan Companies, InCOM0.11%$226,0002.6K
87UTXZUnited Technologies CorpCOM0.11%$218,0002.3K
88UNHUnitedHealth Group IncCOM0.10%$203,000818
89QCOMQualcomm, Inc.COM0.10%$200,0003.0K
90FireEye Inc.COM0.10%$199,00018.9K
91General Electric CompanyCOM0.08%$165,00020.8K

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 ↗.