SEC 13F Intelligence

Managers / Q2 2021 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

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

Reported Value
$330M
Q2 2021
Positions
108
Filings on Record
30
2019–present window
Filed
Aug 11, 2021
original filing

Summary

Boston Research & Management Inc reported $330M in U.S.-listed holdings across 108 positions for Q2 2021.

Its largest position, MSFT, represents 4.7% of the portfolio.

Compared with Q1 2021, the fund opened 5 new positions and exited 2.

Portfolio Metrics

Turnover
+1.8%
vs prior filed quarter
Top-10 Concentration
+28.1%
share of reported value
Largest Position
+4.7%
Microsoft
New / Exited
5 / 2
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: 59.8%Other: 25.1%ETP: 14.9%REIT: 0.2%
  • Common Stock · 59.8% · $197M
  • Other · 25.1% · $83M
  • ETP · 14.9% · $49M
  • REIT · 0.2% · $555,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LMTLockheed Martin CorpNEW+8.9K8.9K+$3M$3M
IAUiShares Comex Gold TrustNEW+53.8K53.8K+$2M$2M
General Electric CompanyNEW+20.0K20.0K+$269,000$269,000
IWFiShares Russell 1000 Growth InNEW+760760+$206,000$206,000
IXNiShares S&P Global Tech SectorNEW+600600+$202,000$202,000
iShares Comex Gold TrustSOLD OUT−109.7K0−$2M$0
General Electric CompanySOLD OUT−20.0K0−$262,000$0
MMM3M CoTRIMMED−14.5K5.4K−$3M$1M

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

Holdings — Q2 2021

107 positions (from 108 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM4.66%$15M56.7K
2IVViShares Core S&P 500 ETFhistory →COM3.93%$13M30.1K
3Alphabet, Inc. - Class ACOM2.69%$9M3.6K
4AAPLApple Inc.history →COM2.66%$9M64.0K
5IJRiShares Core S&P SmallCap ETFhistory →COM2.44%$8M71.1K
6FASTFastenal Cohistory →COM2.41%$8M152.6K
7TSCOTractor Supply Cohistory →COM2.39%$8M42.3K
8Mastercard, Inc.COM2.38%$8M21.5K
9Xylem Inc.COM2.30%$8M63.1K
10Cisco Systems, Inc.COM2.25%$7M140.0K
11UPSUnited Parcel Serviceshistory →COM2.13%$7M33.8K
12ABTAbbott Laboratorieshistory →COM2.07%$7M58.9K
13ACNAccenture PLChistory →COM2.01%$7M22.5K
14AbbVie Inc.COM1.98%$7M58.1K
15WMTWal-Mart Storeshistory →COM1.97%$7M46.1K
16GISGeneral Mills Inc Comhistory →COM1.90%$6M102.8K
17iShares Core MSCI Emerging MktCOM1.89%$6M92.8K
18PGProcter & Gamble Cohistory →COM1.86%$6M45.5K
19Laboratory CP Amer HldgsCOM1.85%$6M22.1K
20CMCSAComcast Corp Cl A Vtghistory →COM1.83%$6M105.6K
21MCDMcDonald's Corphistory →COM1.76%$6M25.1K
22MDTMedtronic Plchistory →COM1.72%$6M45.7K
23BRK/BBerkshire Hathaway Inc. Classhistory →COM1.71%$6M20.3K
24PEPPepsi Co Inchistory →COM1.71%$6M38.1K
25DISWalt Disney Co.history →COM1.71%$6M32.0K
26CVSCVS Health Corphistory →COM1.62%$5M64.2K
27Linde PLCCOM1.57%$5M17.9K
28INTCIntel Corphistory →COM1.52%$5M89.2K
29IWMiShares Russell 2000 Index Funhistory →COM1.49%$5M21.3K
30CLColgate-Palmolive Companyhistory →COM1.46%$5M59.2K
31MRKMerck & Co. Inc.history →COM1.41%$5M60.0K
32iShares Core MSCI EAFE ETFCOM1.39%$5M61.4K
33Verizon CommunicationsCOM1.39%$5M82.0K
34CHRWCH Robinson Worldwide Inchistory →COM1.33%$4M46.9K
35KOCoca-Cola Companyhistory →COM1.32%$4M80.3K
36J.P. Morgan Chase & Co.COM1.16%$4M24.7K
37Duke Energy Corp.COM1.13%$4M37.9K
38OMCOmnicom Group Inc Comhistory →COM1.10%$4M45.4K
39BNYBank of New York Mellon Corp.history →COM1.09%$4M70.0K
40SNASnap-On Inc.history →COM1.07%$4M15.8K
41LMTLockheed Martin Corphistory →COM1.03%$3M8.9K
42NEENextera Energy Inc.history →COM1.00%$3M45.1K
43WUWestern Union CompanyCOM0.96%$3M137.8K
44TMOThermo Fisher ScientificCOM0.95%$3M6.2K
45SPYSPDR S&P 500 ETFCOM0.93%$3M7.2K
46Exxon Mobil Corp.COM0.92%$3M47.9K
47HDHome Depot, Inc.COM0.90%$3M9.3K
48AMZNAmazon.com, Inc.COM0.88%$3M841
49VTIVanguard Total Stock Market ETCOM0.84%$3M12.4K
50AMEX Energy Sector SPDRCOM0.83%$3M50.7K
51BBHVanEck Vectors Biotech ETFCOM0.81%$3M13.3K
52USBUS BancorpCOM0.80%$3M46.4K
53VBVanguard Small-Cap ETFCOM0.80%$3M11.7K
54IJHiShares Core S&P Midcap ETFCOM0.75%$2M9.2K
55IBBiShares Nasdaq Biotechnology ICOM0.66%$2M13.2K
56CTASCintas CorporationCOM0.64%$2M5.5K
57iShares iBoxx High Yield CorpCOM0.61%$2M22.9K
58COPConocoPhillipsCOM0.61%$2M33.1K
59VaneckVectors HY Muni ETFCOM0.59%$2M30.6K
60IAUiShares Comex Gold TrustCOM0.55%$2M53.8K
61JNJJohnson & JohnsonCOM0.48%$2M9.6K
62VEUVanguard FTSE All-World Ex-USCOM0.41%$1M21.2K
63SYKStryker CorpCOM0.34%$1M4.4K
64MMM3M CoCOM0.32%$1M5.4K
65LLYEli Lilly & CoCOM0.31%$1M4.5K
66AT&T CorpCOM0.29%$960,00033.4K
67PFEPfizer Inc.COM0.29%$955,00024.4K
68CVXChevron CorpCOM0.28%$938,0009.0K
69PAYXPaychex, Inc.COM0.25%$832,0007.8K
70ORCLOracle Corp.COM0.24%$794,00010.2K
71CATCaterpillarCOM0.23%$770,0003.5K
72IBMIntl Business Machines CorpCOM0.21%$700,0004.8K
73SYYSysco CorpCOM0.19%$636,0008.2K
74PPGPPG IndustriesCOM0.19%$628,0003.7K
75DHRDanaher Corp.COM0.19%$614,0002.3K
76VEAVanguard Europe Pacific ETFCOM0.18%$600,00011.6K
77ITWIllinois Tool WorksCOM0.17%$576,0002.6K
78BMYBristol-Myers Squibb CompanyCOM0.17%$572,0008.6K
79AORiShares S&P Growth AllocationCOM0.17%$569,00010.2K
80BXPBoston Properties, Inc.COM0.17%$555,0004.8K
81YUMYum! Brands Inc.COM0.16%$513,0004.5K
82EMREmerson Electric CoCOM0.15%$490,0005.1K
83AGGiShares Core Total US Bond MarCOM0.14%$464,0004.0K
84Waste Management, Inc.COM0.13%$432,0003.1K
85KMBKimberly-Clark CorpCOM0.13%$426,0003.2K
86QCOMQualcomm, Inc.COM0.13%$423,0003.0K
87MRSHMarsh & McLennan Companies, InCOM0.11%$368,0002.6K
88ADPAutomatic Data Processing, IncCOM0.11%$360,0001.8K
89VWOVanguard Emerging Markets VIPECOM0.10%$328,0006.1K
90BABoeing CoCOM0.09%$311,0001.3K
91GPCGenuine PartsCOM0.09%$302,0002.4K
92UNHUnitedHealth Group IncCOM0.09%$296,000740
93AMGNAmgen Inc.COM0.09%$289,0001.2K
94Yum China Holding Inc.COM0.09%$286,0004.3K
95SOSouthern CoCOM0.09%$285,0004.7K
96Price T Rowe & Assoc ComCOM0.08%$280,0001.4K
97Agilent Technologies, Inc.COM0.08%$277,0001.9K
98General Electric CompanyCOM0.08%$269,00020.0K
99HP Inc.COM0.08%$268,0008.9K
100VFCV F CorpCOM0.08%$255,0003.1K

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 ↗.