SEC 13F Intelligence

Managers / Q3 2022 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

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

Reported Value
$294M
Q3 2022
Positions
102
Filings on Record
30
2019–present window
Filed
Nov 14, 2022
original filing

Summary

Boston Research & Management Inc reported $294M in U.S.-listed holdings across 102 positions for Q3 2022.

Its largest position, MSFT, represents 4.0% of the portfolio.

Compared with Q2 2022, the fund opened 0 new positions and exited 4.

Portfolio Metrics

Turnover
+1.7%
vs prior filed quarter
Top-10 Concentration
+26.9%
share of reported value
Largest Position
+4.0%
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: 61.1%Other: 24.7%ETP: 14.1%REIT: 0.1%
  • Common Stock · 61.1% · $179M
  • Other · 24.7% · $73M
  • ETP · 14.1% · $41M
  • REIT · 0.1% · $363,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Alphabet, Inc. - Class AADDED+50.5K53.1K−$549,000$5M
Alphabet, Inc. - Class CADDED+11.2K11.8K−$156,000$1M
Wisconsin Energy Group Inc.SOLD OUT−2.1K0−$209,000$0
Invesco QQQ Trust Series 1SOLD OUT−7450−$208,000$0
DIASPDR DJIA ETF TrustSOLD OUT−6700−$206,000$0
MASMasco CorpSOLD OUT−4.0K0−$202,000$0
VWOVanguard Emerging Markets ETFADDED+5.8K15.1K+$165,000$550,000
VEAVanguard Developed Markets ETFADDED+8.0K22.0K+$230,000$798,000

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

Holdings — Q3 2022

101 positions (from 102 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM3.99%$12M50.3K
2IVViShares Core S&P 500 ETFhistory →COM3.91%$11M32.0K
3AAPLApple Inc.history →COM2.72%$8M57.8K
4GISGeneral Mills Inc Comhistory →COM2.66%$8M101.9K
5AbbVie Inc.COM2.51%$7M54.9K
6TSCOTractor Supply Cohistory →COM2.48%$7M39.2K
7FASTFastenal Cohistory →COM2.28%$7M145.3K
8IJRiShares Core S&P SmallCap ETFhistory →COM2.15%$6M72.4K
9Mastercard, Inc.COM2.14%$6M22.1K
10Alphabet, Inc. - Class ACOM2.12%$6M64.9K
11WMTWal-Mart Storeshistory →COM2.05%$6M46.5K
12ABTAbbott Laboratorieshistory →COM2.02%$6M61.1K
13CVSCVS Health Corphistory →COM1.99%$6M61.2K
14MCDMcDonald's Corphistory →COM1.91%$6M24.3K
15Xylem Inc.COM1.89%$6M63.4K
16Cisco Systems, Inc.COM1.87%$5M137.1K
17MRKMerck & Co. Inc.history →COM1.83%$5M62.5K
18BRK/BBerkshire Hathaway Inc. Classhistory →COM1.82%$5M20.0K
19UPSUnited Parcel Serviceshistory →COM1.82%$5M33.0K
20PGProcter & Gamble Cohistory →COM1.63%$5M37.9K
21Linde PLCCOM1.62%$5M17.6K
22CHRWCH Robinson Worldwide Inchistory →COM1.60%$5M48.8K
23PEPPepsi Co Inchistory →COM1.60%$5M28.7K
24Laboratory CP Amer HldgsCOM1.56%$5M22.3K
25CLColgate-Palmolive Companyhistory →COM1.51%$4M63.3K
26NEENextera Energy Inc.history →COM1.50%$4M56.2K
27KOCoca-Cola Companyhistory →COM1.46%$4M76.3K
28Verizon CommunicationsCOM1.41%$4M109.2K
29MDTMedtronic Plchistory →COM1.40%$4M51.0K
30iShares Core MSCI Emerging MktCOM1.40%$4M95.7K
31TMOThermo Fisher Scientifichistory →COM1.38%$4M8.0K
32Exxon Mobil Corp.COM1.38%$4M46.4K
33ACNAccenture PLChistory →COM1.36%$4M15.5K
34LMTLockheed Martin Corphistory →COM1.34%$4M10.2K
35J.P. Morgan Chase & Co.COM1.34%$4M37.5K
36DISWalt Disney Co.history →COM1.32%$4M41.2K
37AMZNAmazon.com, Inc.history →COM1.23%$4M32.0K
38BNYBank of New York Mellon Corp.history →COM1.23%$4M93.4K
39SNASnap-On Inc.history →COM1.21%$4M17.7K
40Duke Energy Corp.COM1.20%$4M37.7K
41AMEX Energy Sector SPDRCOM1.19%$3M48.5K
42IWMiShares Russell 2000 Index Funhistory →COM1.18%$3M21.0K
43CMCSAComcast Corp Cl A Vtghistory →COM1.17%$3M117.3K
44iShares Core MSCI EAFE ETFCOM1.14%$3M63.5K
45COPConocoPhillipshistory →COM1.08%$3M31.0K
46OMCOmnicom Group Inc Comhistory →COM1.08%$3M50.1K
47D.R. Horton, Inc.COM1.04%$3M45.1K
48HDHome Depot, Inc.COM0.89%$3M9.5K
49INTCIntel CorpCOM0.89%$3M101.4K
50SPYSPDR S&P 500 ETFCOM0.87%$3M7.1K
51QRVOQorvo Inc.COM0.81%$2M29.8K
52VTIVanguard Total Stock Market ETCOM0.76%$2M12.4K
53MGAMagna International, Inc. Cl ACOM0.75%$2M46.4K
54CTASCintas CorporationCOM0.73%$2M5.5K
55IJHiShares Core S&P Midcap ETFCOM0.71%$2M9.6K
56iShares iBoxx High Yield CorpCOM0.68%$2M28.1K
57VBVanguard Small-Cap ETFCOM0.68%$2M11.6K
58IBBiShares Nasdaq Biotechnology ICOM0.67%$2M16.7K
59BBHVanEck Vectors Biotech ETFCOM0.61%$2M12.8K
60USBUS BancorpCOM0.59%$2M42.9K
61IAUiShares Comex Gold TrustCOM0.58%$2M53.8K
62JNJJohnson & JohnsonCOM0.54%$2M9.8K
63VaneckVectors HY Muni ETFCOM0.53%$2M31.4K
64LLYEli Lilly & CoCOM0.49%$1M4.5K
65CVXChevron CorpCOM0.44%$1M9.1K
66PFEPfizer Inc.COM0.35%$1M23.8K
67WUWestern Union CompanyCOM0.33%$968,00071.7K
68VEUVanguard FTSE All-World Ex-USCOM0.32%$933,00021.0K
69SYKStryker CorpCOM0.30%$881,0004.4K
70PAYXPaychex, Inc.COM0.29%$861,0007.7K
71VEAVanguard Developed Markets ETFCOM0.27%$798,00022.0K
72PFFiShares US Preferred StockCOM0.22%$640,00020.2K
73ORCLOracle Corp.COM0.21%$623,00010.2K
74CATCaterpillarCOM0.20%$581,0003.5K
75SYYSysco CorpCOM0.20%$579,0008.2K
76VWOVanguard Emerging Markets ETFCOM0.19%$550,00015.1K
77DHRDanaher Corp.COM0.18%$536,0002.1K
78IBMIntl Business Machines CorpCOM0.18%$534,0004.5K
79MMM3M CoCOM0.18%$533,0004.8K
80BMYBristol-Myers Squibb CompanyCOM0.17%$498,0007.0K
81Waste Management, Inc.COM0.17%$495,0003.1K
82YUMYum! Brands Inc.COM0.16%$475,0004.5K
83ITWIllinois Tool WorksCOM0.16%$466,0002.6K
84AORiShares S&P Growth AllocationCOM0.15%$429,0009.6K
85ADPAutomatic Data Processing, IncCOM0.14%$410,0001.8K
86PPGPPG IndustriesCOM0.14%$409,0003.7K
87AGGiShares Core Total US Bond MarCOM0.14%$404,0004.2K
88MRSHMarsh & McLennan Companies, InCOM0.13%$391,0002.6K
89EMREmerson Electric CoCOM0.13%$373,0005.1K
90UNHUnitedHealth Group IncCOM0.13%$373,000740
91BXPBoston Properties, Inc.COM0.12%$363,0004.8K
92GPCGenuine PartsCOM0.12%$356,0002.4K
93KMBKimberly-Clark CorpCOM0.12%$347,0003.1K
94QCOMQualcomm, Inc.COM0.11%$334,0003.0K
95SOSouthern CoCOM0.11%$320,0004.7K
96AMGNAmgen Inc.COM0.09%$267,0001.2K
97ADMArcher Daniels Midland ComCOM0.08%$231,0002.9K
98Agilent Technologies, Inc.COM0.08%$228,0001.9K
99HP Inc.COM0.08%$221,0008.9K
100NUENucor CorporationCOM0.07%$207,0001.9K

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 ↗.