SEC 13F Intelligence

Managers / Q1 2021 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

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

Reported Value
$311M
Q1 2021
Positions
105
Filings on Record
30
2019–present window
Filed
May 11, 2021
original filing

Summary

Boston Research & Management Inc reported $311M in U.S.-listed holdings across 105 positions for Q1 2021.

Its largest position, MSFT, represents 4.4% of the portfolio.

Compared with Q4 2020, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+0.8%
vs prior filed quarter
Top-10 Concentration
+27.7%
share of reported value
Largest Position
+4.4%
Microsoft
New / Exited
2 / 1
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: 59.9%Other: 25.1%ETP: 14.9%REIT: 0.2%
  • Common Stock · 59.9% · $186M
  • Other · 25.1% · $78M
  • ETP · 14.9% · $46M
  • REIT · 0.2% · $491,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WORWorthington Industries, Inc.NEW+3.5K3.5K+$234,000$234,000
TXNTexas InstrumentsNEW+1.1K1.1K+$200,000$200,000
FireEye Inc.SOLD OUT−18.9K0−$435,000$0
AMZNAmazon.com, Inc.ADDED+281735+$796,000$2M
TMOThermo Fisher ScientificADDED+1.6K4.6K+$717,000$2M
Exxon Mobil Corp.ADDED+10.2K48.2K+$1M$3M
NEENextera Energy Inc.ADDED+7.6K38.1K+$529,000$3M
Duke Energy Corp.ADDED+6.2K36.9K+$751,000$4M

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

Holdings — Q1 2021

104 positions (from 105 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM4.35%$14M57.4K
2IVViShares Core S&P 500 ETFhistory →COM3.93%$12M30.7K
3AAPLApple Inc.history →COM2.56%$8M65.0K
4FASTFastenal Cohistory →COM2.51%$8M154.8K
5Mastercard, Inc.COM2.49%$8M21.7K
6TSCOTractor Supply Cohistory →COM2.47%$8M43.3K
7Alphabet, Inc. - Class ACOM2.46%$8M3.7K
8IJRiShares Core S&P SmallCap ETFhistory →COM2.46%$8M70.4K
9Cisco Systems, Inc.COM2.32%$7M139.2K
10ABTAbbott Laboratorieshistory →COM2.18%$7M56.6K
11Xylem Inc.COM2.16%$7M63.7K
12ACNAccenture PLChistory →COM2.14%$7M24.1K
13AbbVie Inc.COM2.03%$6M58.2K
14WMTWal-Mart Storeshistory →COM2.02%$6M46.3K
15GISGeneral Mills Inc Comhistory →COM2.02%$6M102.1K
16PGProcter & Gamble Cohistory →COM1.93%$6M44.2K
17iShares Core MSCI Emerging MarCOM1.89%$6M91.0K
18UPSUnited Parcel Serviceshistory →COM1.88%$6M34.4K
19CMCSAComcast Corp Cl A Vtghistory →COM1.83%$6M105.2K
20Laboratory CP Amer HldgsCOM1.82%$6M22.2K
21DISWalt Disney Co.history →COM1.81%$6M30.5K
22MCDMcDonald's Corphistory →COM1.80%$6M25.0K
23INTCIntel Corphistory →COM1.76%$5M85.6K
24MDTMedtronic Plchistory →COM1.76%$5M46.2K
25PEPPepsi Co Inchistory →COM1.72%$5M37.7K
26BRK/BBerkshire Hathaway Inc. Classhistory →COM1.69%$5M20.5K
27Linde PLCCOM1.61%$5M17.9K
28CVSCVS Health Corphistory →COM1.54%$5M63.6K
29IWMiShares Russell 2000 Index Funhistory →COM1.52%$5M21.3K
30CLColgate-Palmolive Companyhistory →COM1.49%$5M58.7K
31Verizon CommunicationsCOM1.45%$4M77.4K
32CHRWCH Robinson Worldwide Inchistory →COM1.42%$4M46.2K
33MRKMerck & Co. Inc.history →COM1.40%$4M56.6K
34iShares Core MSCI EAFE ETFCOM1.40%$4M60.5K
35KOCoca-Cola Companyhistory →COM1.38%$4M81.2K
36MMM3M Cohistory →COM1.23%$4M19.9K
37J.P. Morgan Chase & Co.COM1.20%$4M24.5K
38SNASnap-On Inc.history →COM1.16%$4M15.7K
39Duke Energy Corp.COM1.15%$4M36.9K
40WUWestern Union Companyhistory →COM1.09%$3M137.2K
41OMCOmnicom Group Inc Comhistory →COM1.08%$3M45.1K
42BNYBank of New York Mellon Corp.history →COM1.07%$3M70.1K
43HDHome Depot, Inc.COM0.93%$3M9.4K
44NEENextera Energy Inc.COM0.93%$3M38.1K
45SPYSPDR S&P 500 ETFCOM0.92%$3M7.2K
46Exxon Mobil Corp.COM0.87%$3M48.2K
47VBVanguard Small-Cap ETFCOM0.84%$3M12.2K
48USBUS BancorpCOM0.83%$3M46.8K
49VTIVanguard Total Stock Market ETCOM0.82%$3M12.4K
50BBHVanEck Vectors Biotech ETFCOM0.77%$2M13.7K
51IJHiShares Core S&P Midcap ETFCOM0.77%$2M9.1K
52AMEX Energy Sector SPDRCOM0.76%$2M48.3K
53AMZNAmazon.com, Inc.COM0.73%$2M735
54TMOThermo Fisher ScientificCOM0.67%$2M4.6K
55iShares iBoxx High Yield CorpCOM0.65%$2M23.1K
56IBBiShares Nasdaq Biotechnology ICOM0.63%$2M12.9K
57VaneckVectors HY Muni ETFCOM0.62%$2M31.0K
58CTASCintas CorporationCOM0.61%$2M5.5K
59iShares Comex Gold TrustCOM0.57%$2M109.7K
60COPConocoPhillipsCOM0.57%$2M33.4K
61JNJJohnson & JohnsonCOM0.51%$2M9.6K
62VEUVanguard FTSE All-World Ex-USCOM0.41%$1M21.2K
63SYKStryker CorpCOM0.34%$1M4.4K
64AT&T CorpCOM0.33%$1M33.4K
65CVXChevron CorpCOM0.30%$939,0009.0K
66PFEPfizer Inc.COM0.28%$884,00024.4K
67LLYEli Lilly & CoCOM0.27%$835,0004.5K
68CATCaterpillarCOM0.26%$821,0003.5K
69PAYXPaychex, Inc.COM0.24%$760,0007.8K
70ORCLOracle Corp.COM0.24%$743,00010.6K
71IBMIntl Business Machines CorpCOM0.22%$669,0005.0K
72SYYSysco CorpCOM0.21%$644,0008.2K
73AORiShares S&P Growth AllocationCOM0.19%$583,00010.9K
74VEAVanguard Europe Pacific ETFCOM0.18%$572,00011.6K
75ITWIllinois Tool WorksCOM0.18%$571,0002.6K
76PPGPPG IndustriesCOM0.18%$555,0003.7K
77BMYBristol-Myers Squibb CompanyCOM0.18%$545,0008.6K
78DHRDanaher Corp.COM0.17%$537,0002.4K
79BXPBoston Properties, Inc.COM0.16%$491,0004.8K
80YUMYum! Brands Inc.COM0.16%$483,0004.5K
81EMREmerson Electric CoCOM0.15%$460,0005.1K
82KMBKimberly-Clark CorpCOM0.14%$442,0003.2K
83AGGiShares Core Total US Bond MarCOM0.14%$433,0003.8K
84Waste Management, Inc.COM0.13%$398,0003.1K
85QCOMQualcomm, Inc.COM0.13%$392,0003.0K
86ADPAutomatic Data Processing, IncCOM0.12%$366,0001.9K
87BABoeing CoCOM0.11%$331,0001.3K
88MRSHMarsh & McLennan Companies, InCOM0.10%$319,0002.6K
89VWOVanguard Emerging Markets VIPECOM0.10%$315,0006.1K
90AMGNAmgen Inc.COM0.09%$295,0001.2K
91SOSouthern CoCOM0.09%$292,0004.7K
92HP Inc.COM0.09%$281,0008.9K
93GPCGenuine PartsCOM0.09%$276,0002.4K
94UNHUnitedHealth Group IncCOM0.09%$275,000740
95CLXClorox CompanyCOM0.09%$265,0001.4K
96General Electric CompanyCOM0.08%$262,00020.0K
97Yum China Holding Inc.COM0.08%$255,0004.3K
98VFCV F CorpCOM0.08%$249,0003.1K
99Price T Rowe & Assoc ComCOM0.08%$243,0001.4K
100MASMasco CorpCOM0.08%$239,0004.0K

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 ↗.