SEC 13F Intelligence

Managers / Q1 2022 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

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

Reported Value
$344M
Q1 2022
Positions
111
Filings on Record
30
2019–present window
Filed
May 12, 2022
original filing

Summary

Boston Research & Management Inc reported $344M in U.S.-listed holdings across 111 positions for Q1 2022.

Its largest position, MSFT, represents 4.5% of the portfolio.

Compared with Q4 2021, the fund opened 5 new positions and exited 6.

Portfolio Metrics

Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+28.4%
share of reported value
Largest Position
+4.5%
Microsoft
New / Exited
5 / 6
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: 60.2%Other: 25.4%ETP: 14.2%REIT: 0.2%
  • Common Stock · 60.2% · $207M
  • Other · 25.4% · $87M
  • ETP · 14.2% · $49M
  • REIT · 0.2% · $624,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Invesco QQQ Trust Series 1NEW+1.2K1.2K+$424,000$424,000
PFFiShares US Preferred StockNEW+9.3K9.3K+$339,000$339,000
ADMArcher Daniels Midland ComNEW+2.9K2.9K+$259,000$259,000
DIASPDR DJIA ETF TrustNEW+670670+$232,000$232,000
GDGeneral Dynamics CorporationNEW+840840+$202,000$202,000
AT&T CorpSOLD OUT−14.0K0−$344,000$0
ITOTiShares Core S&P Total US StocSOLD OUT−2.7K0−$287,000$0
LOWLowe's CompaniesSOLD OUT−9800−$253,000$0

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

Holdings — Q1 2022

110 positions (from 111 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM4.48%$15M50.0K
2IVViShares Core S&P 500 ETFhistory →COM4.02%$14M30.5K
3AAPLApple Inc.history →COM2.90%$10M57.3K
4TSCOTractor Supply Cohistory →COM2.65%$9M39.2K
5AbbVie Inc.COM2.65%$9M56.3K
6Alphabet, Inc. - Class ACOM2.52%$9M3.1K
7FASTFastenal Cohistory →COM2.49%$9M144.7K
8Mastercard, Inc.COM2.23%$8M21.5K
9IJRiShares Core S&P SmallCap ETFhistory →COM2.23%$8M71.1K
10Cisco Systems, Inc.COM2.21%$8M136.5K
11WMTWal-Mart Storeshistory →COM2.03%$7M46.9K
12UPSUnited Parcel Serviceshistory →COM2.02%$7M32.4K
13GISGeneral Mills Inc Comhistory →COM2.01%$7M102.3K
14BRK/BBerkshire Hathaway Inc. Classhistory →COM2.01%$7M19.6K
15ABTAbbott Laboratorieshistory →COM1.99%$7M58.1K
16CVSCVS Health Corphistory →COM1.84%$6M62.6K
17MCDMcDonald's Corphistory →COM1.75%$6M24.3K
18Laboratory CP Amer HldgsCOM1.63%$6M21.3K
19PGProcter & Gamble Cohistory →COM1.60%$6M36.1K
20Linde PLCCOM1.58%$5M17.0K
21iShares Core MSCI Emerging MktCOM1.55%$5M96.1K
22CHRWCH Robinson Worldwide Inchistory →COM1.53%$5M49.0K
23Xylem Inc.COM1.53%$5M61.7K
24MRKMerck & Co. Inc.history →COM1.49%$5M62.6K
25MDTMedtronic Plchistory →COM1.49%$5M46.3K
26ACNAccenture PLChistory →COM1.47%$5M15.0K
27CMCSAComcast Corp Cl A Vtghistory →COM1.45%$5M106.8K
28PEPPepsi Co Inchistory →COM1.41%$5M29.0K
29CLColgate-Palmolive Companyhistory →COM1.38%$5M62.6K
30KOCoca-Cola Companyhistory →COM1.38%$5M76.4K
31DISWalt Disney Co.history →COM1.34%$5M33.6K
32INTCIntel Corphistory →COM1.32%$5M91.7K
33J.P. Morgan Chase & Co.COM1.30%$4M32.9K
34NEENextera Energy Inc.history →COM1.30%$4M52.9K
35iShares Core MSCI EAFE ETFCOM1.30%$4M64.4K
36LMTLockheed Martin Corphistory →COM1.30%$4M10.1K
37Verizon CommunicationsCOM1.29%$4M87.2K
38TMOThermo Fisher Scientifichistory →COM1.28%$4M7.5K
39IWMiShares Russell 2000 Index Funhistory →COM1.25%$4M21.0K
40Duke Energy Corp.COM1.22%$4M37.7K
41AMZNAmazon.com, Inc.history →COM1.18%$4M1.2K
42OMCOmnicom Group Inc Comhistory →COM1.15%$4M46.7K
43Exxon Mobil Corp.COM1.12%$4M46.7K
44AMEX Energy Sector SPDRCOM1.10%$4M49.6K
45SNASnap-On Inc.history →COM1.03%$4M17.3K
46BNYBank of New York Mellon Corp.COM0.99%$3M68.5K
47COPConocoPhillipsCOM0.95%$3M32.6K
48SPYSPDR S&P 500 ETFCOM0.94%$3M7.1K
49D.R. Horton, Inc.COM0.90%$3M41.8K
50HDHome Depot, Inc.COM0.83%$3M9.6K
51VTIVanguard Total Stock Market ETCOM0.82%$3M12.4K
52IJHiShares Core S&P Midcap ETFCOM0.75%$3M9.6K
53VBVanguard Small-Cap ETFCOM0.69%$2M11.2K
54WUWestern Union CompanyCOM0.68%$2M125.8K
55USBUS BancorpCOM0.68%$2M44.3K
56CTASCintas CorporationCOM0.68%$2M5.5K
57VaneckVectors HY Muni ETFCOM0.63%$2M37.8K
58iShares iBoxx High Yield CorpCOM0.60%$2M25.2K
59BBHVanEck Vectors Biotech ETFCOM0.59%$2M12.5K
60IAUiShares Comex Gold TrustCOM0.58%$2M53.8K
61IBBiShares Nasdaq Biotechnology ICOM0.55%$2M14.6K
62MGAMagna International, Inc. Cl ACOM0.53%$2M28.6K
63JNJJohnson & JohnsonCOM0.50%$2M9.8K
64CVXChevron CorpCOM0.43%$1M9.1K
65LLYEli Lilly & CoCOM0.37%$1M4.5K
66PFEPfizer Inc.COM0.36%$1M23.8K
67VEUVanguard FTSE All-World Ex-USCOM0.34%$1M20.6K
68SYKStryker CorpCOM0.34%$1M4.4K
69PAYXPaychex, Inc.COM0.30%$1M7.7K
70ORCLOracle Corp.COM0.25%$844,00010.2K
71CATCaterpillarCOM0.23%$789,0003.5K
72MMM3M CoCOM0.22%$751,0005.0K
73DHRDanaher Corp.COM0.19%$671,0002.3K
74SYYSysco CorpCOM0.19%$668,0008.2K
75VEAVanguard Developed Markets ETFCOM0.19%$639,00013.3K
76BXPBoston Properties, Inc.COM0.18%$624,0004.8K
77IBMIntl Business Machines CorpCOM0.17%$584,0004.5K
78ITWIllinois Tool WorksCOM0.16%$540,0002.6K
79BMYBristol-Myers Squibb CompanyCOM0.15%$533,0007.3K
80YUMYum! Brands Inc.COM0.15%$529,0004.5K
81EMREmerson Electric CoCOM0.15%$500,0005.1K
82AORiShares S&P Growth AllocationCOM0.14%$489,0009.1K
83Waste Management, Inc.COM0.14%$489,0003.1K
84PPGPPG IndustriesCOM0.14%$484,0003.7K
85AGGiShares Core Total US Bond MarCOM0.14%$469,0004.4K
86QCOMQualcomm, Inc.COM0.13%$452,0003.0K
87MRSHMarsh & McLennan Companies, InCOM0.13%$446,0002.6K
88Invesco QQQ Trust Series 1COM0.12%$424,0001.2K
89ADPAutomatic Data Processing, IncCOM0.12%$412,0001.8K
90KMBKimberly-Clark CorpCOM0.11%$379,0003.1K
91UNHUnitedHealth Group IncCOM0.11%$377,000740
92VWOVanguard Emerging Markets ETFCOM0.11%$375,0008.1K
93SOSouthern CoCOM0.10%$341,0004.7K
94PFFiShares US Preferred StockCOM0.10%$339,0009.3K
95HP Inc.COM0.09%$322,0008.9K
96GPCGenuine PartsCOM0.09%$301,0002.4K
97NUENucor CorporationCOM0.08%$287,0001.9K
98AMGNAmgen Inc.COM0.08%$287,0001.2K
99Tesla Inc.COM0.08%$261,000243
100ADMArcher Daniels Midland ComCOM0.08%$259,0002.9K

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 ↗.