SEC 13F Intelligence

Managers / Q3 2020 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

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

Reported Value
$256M
Q3 2020
Positions
101
Filings on Record
30
2019–present window
Filed
Nov 9, 2020
original filing

Summary

Boston Research & Management Inc reported $256M in U.S.-listed holdings across 101 positions for Q3 2020.

Its largest position, MSFT, represents 4.9% of the portfolio.

Compared with Q2 2020, the fund opened 4 new positions and exited 0.

Portfolio Metrics

Turnover
+2.3%
vs prior filed quarter
Top-10 Concentration
+29.7%
share of reported value
Largest Position
+4.9%
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: 22.8%ETP: 14.4%REIT: 0.2%
  • Common Stock · 62.7% · $160M
  • Other · 22.8% · $58M
  • ETP · 14.4% · $37M
  • REIT · 0.2% · $389,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ADPAutomatic Data Processing, IncNEW+1.9K1.9K+$271,000$271,000
VFCV F CorpNEW+3.1K3.1K+$219,000$219,000
Wisconsin Energy Group Inc.NEW+2.1K2.1K+$201,000$201,000
UNPUnion PacificNEW+1.0K1.0K+$200,000$200,000
AAPLApple Inc.ADDED+50.8K68.9K+$1M$8M
J.P. Morgan Chase & Co.ADDED+9.9K18.0K+$971,000$2M
Duke Energy Corp.ADDED+9.0K27.3K+$953,000$2M
PFEPfizer Inc.ADDED+4.2K24.8K+$238,000$910,000

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

Holdings — Q3 2020

100 positions (from 101 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM4.90%$13M59.6K
2IVViShares Core S&P 500 ETFhistory →COM3.92%$10M29.8K
3AAPLApple Inc.history →COM3.12%$8M68.9K
4Mastercard, Inc.COM2.87%$7M21.7K
5FASTFastenal Cohistory →COM2.75%$7M155.8K
6WMTWal-Mart Storeshistory →COM2.54%$6M46.4K
7TSCOTractor Supply Cohistory →COM2.52%$6M44.9K
8ABTAbbott Laboratorieshistory →COM2.46%$6M57.9K
9PGProcter & Gamble Cohistory →COM2.30%$6M42.3K
10GISGeneral Mills Inc Comhistory →COM2.29%$6M95.1K
11UPSUnited Parcel Serviceshistory →COM2.23%$6M34.3K
12ACNAccenture PLChistory →COM2.20%$6M24.9K
13Alphabet, Inc. - Class ACOM2.20%$6M3.8K
14Xylem Inc.COM2.15%$5M65.4K
15MCDMcDonald's Corphistory →COM2.10%$5M24.5K
16Cisco Systems, Inc.COM2.10%$5M136.5K
17PEPPepsi Co Inchistory →COM1.96%$5M36.1K
18AbbVie Inc.COM1.94%$5M56.7K
19IJRiShares Core S&P SmallCap ETFhistory →COM1.91%$5M69.6K
20CMCSAComcast Corp Cl A Vtghistory →COM1.85%$5M102.5K
21iShares Core MSCI Emerging MarCOM1.82%$5M88.1K
22MDTMedtronic Plchistory →COM1.81%$5M44.5K
23CHRWCH Robinson Worldwide Inchistory →COM1.80%$5M45.1K
24INTCIntel Corphistory →COM1.76%$5M87.1K
25CLColgate-Palmolive Companyhistory →COM1.70%$4M56.3K
26Verizon CommunicationsCOM1.64%$4M70.5K
27Laboratory CP Amer HldgsCOM1.64%$4M22.3K
28BRK/BBerkshire Hathaway Inc. Classhistory →COM1.61%$4M19.4K
29Linde PLCCOM1.61%$4M17.3K
30MRKMerck & Co. Inc.history →COM1.58%$4M48.7K
31KOCoca-Cola Companyhistory →COM1.50%$4M77.5K
32DISWalt Disney Co.history →COM1.49%$4M30.7K
33CVSCVS Health Corphistory →COM1.43%$4M62.7K
34iShares Core MSCI EAFE ETFCOM1.35%$3M57.2K
35MMM3M Cohistory →COM1.26%$3M20.1K
36IWMiShares Russell 2000 Index Funhistory →COM1.26%$3M21.5K
37WUWestern Union Companyhistory →COM1.07%$3M127.9K
38HDHome Depot, Inc.history →COM1.03%$3M9.5K
39Duke Energy Corp.COM0.94%$2M27.3K
40SPYSPDR S&P 500 ETFCOM0.94%$2M7.2K
41BNYBank of New York Mellon Corp.COM0.93%$2M69.3K
42SNASnap-On Inc.COM0.90%$2M15.6K
43BBHVanEck Vectors Biotech ETFCOM0.88%$2M13.9K
44OMCOmnicom Group Inc ComCOM0.83%$2M42.8K
45VTIVanguard Total Stock Market ETCOM0.82%$2M12.4K
46iShares Comex Gold TrustCOM0.78%$2M110.8K
47iShares iBoxx High Yield CorpCOM0.77%$2M23.6K
48VBVanguard Small-Cap ETFCOM0.76%$2M12.7K
49CTASCintas CorporationCOM0.72%$2M5.5K
50USBUS BancorpCOM0.69%$2M49.4K
51J.P. Morgan Chase & Co.COM0.68%$2M18.0K
52IBBiShares Nasdaq Biotechnology ICOM0.67%$2M12.6K
53Exxon Mobil Corp.COM0.66%$2M49.5K
54IJHiShares Core S&P Midcap ETFCOM0.62%$2M8.6K
55NEENextera Energy Inc.COM0.61%$2M5.6K
56JNJJohnson & JohnsonCOM0.56%$1M9.7K
57COPConocoPhillipsCOM0.49%$1M38.4K
58TMOThermo Fisher ScientificCOM0.44%$1M2.5K
59VEUVanguard FTSE All-World Ex-USCOM0.42%$1M21.3K
60AMEX Energy Sector SPDRCOM0.41%$1M34.9K
61AT&T CorpCOM0.37%$958,00033.6K
62PFEPfizer Inc.COM0.36%$910,00024.8K
63SYKStryker CorpCOM0.36%$908,0004.4K
64CVXChevron CorpCOM0.29%$743,00010.3K
65AMZNAmazon.com, Inc.COM0.29%$733,000233
66LLYEli Lilly & CoCOM0.26%$662,0004.5K
67ORCLOracle Corp.COM0.25%$630,00010.6K
68IBMIntl Business Machines CorpCOM0.24%$621,0005.1K
69AORiShares S&P Growth AllocationCOM0.24%$619,00012.8K
70PAYXPaychex, Inc.COM0.24%$618,0007.8K
71CATCaterpillarCOM0.21%$547,0003.7K
72DHRDanaher Corp.COM0.20%$514,0002.4K
73SYYSysco CorpCOM0.20%$512,0008.2K
74BMYBristol-Myers Squibb CompanyCOM0.20%$504,0008.4K
75ITWIllinois Tool WorksCOM0.19%$498,0002.6K
76KMBKimberly-Clark CorpCOM0.18%$470,0003.2K
77PPGPPG IndustriesCOM0.18%$451,0003.7K
78VEAVanguard Europe Pacific ETFCOM0.17%$436,00010.7K
79YUMYum! Brands Inc.COM0.16%$407,0004.5K
80AGGiShares Core Total US Bond MarCOM0.15%$393,0003.3K
81BXPBoston Properties, Inc.COM0.15%$389,0004.8K
82Waste Management, Inc.COM0.14%$349,0003.1K
83QCOMQualcomm, Inc.COM0.14%$348,0003.0K
84EMREmerson Electric CoCOM0.13%$334,0005.1K
85MRSHMarsh & McLennan Companies, InCOM0.12%$300,0002.6K
86AMGNAmgen Inc.COM0.12%$299,0001.2K
87CLXClorox CompanyCOM0.11%$288,0001.4K
88ADPAutomatic Data Processing, IncCOM0.11%$271,0001.9K
89VWOVanguard Emerging Markets VIPECOM0.10%$261,0006.1K
90SOSouthern CoCOM0.10%$255,0004.7K
91FireEye Inc.COM0.09%$233,00018.9K
92UNHUnitedHealth Group IncCOM0.09%$230,000740
93Yum China Holding Inc.COM0.09%$228,0004.3K
94GPCGenuine PartsCOM0.09%$227,0002.4K
95MASMasco CorpCOM0.09%$220,0004.0K
96VFCV F CorpCOM0.09%$219,0003.1K
97BABoeing CoCOM0.08%$214,0001.3K
98Wisconsin Energy Group Inc.COM0.08%$201,0002.1K
99UNPUnion PacificCOM0.08%$200,0001.0K
100General Electric CompanyCOM0.05%$124,00020.0K

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 ↗.