SEC 13F Intelligence

Managers / Q4 2022 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

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

Reported Value
$323M
Q4 2022
Positions
106
Filings on Record
30
2019–present window
Filed
Feb 13, 2023
original filing

Summary

Boston Research & Management Inc reported $323M in U.S.-listed holdings across 106 positions for Q4 2022.

Its largest position, IVV, represents 4.3% of the portfolio.

Compared with Q3 2022, the fund opened 5 new positions and exited 1.

Portfolio Metrics

Turnover
+2.0%
vs prior filed quarter
Top-10 Concentration
+27.1%
share of reported value
Largest Position
+4.3%
Ishares Core S P 500 Etf
New / Exited
5 / 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: 59.7%Other: 25.5%ETP: 14.5%ADR: 0.1%REIT: 0.1%
  • Common Stock · 59.7% · $193M
  • Other · 25.5% · $83M
  • ETP · 14.5% · $47M
  • ADR · 0.1% · $378,000
  • REIT · 0.1% · $327,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SHELShell PLCNEW+6.6K6.6K+$378,000$378,000
BABoeing CoNEW+1.3K1.3K+$255,000$255,000
DIASPDR DJIA ETF TrustNEW+670670+$221,000$221,000
Invesco QQQ Trust Series 1NEW+803803+$213,000$213,000
GDGeneral Dynamics CorporationNEW+854854+$211,000$211,000
WUWestern Union CompanySOLD OUT−71.7K0−$968,000$0
Verizon CommunicationsTRIMMED−29.1K80.1K−$989,000$3M
DISWalt Disney Co.TRIMMED−9.3K31.9K−$1M$3M

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

Holdings — Q4 2022

105 positions (from 106 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IVViShares Core S&P 500 ETFhistory →COM4.33%$14M36.4K
2MSFTMicrosoft Corphistory →COM3.73%$12M50.2K
3AbbVie Inc.COM2.69%$9M53.7K
4TSCOTractor Supply Cohistory →COM2.66%$9M38.2K
5GISGeneral Mills Inc Comhistory →COM2.55%$8M98.4K
6Mastercard, Inc.COM2.36%$8M22.0K
7AAPLApple Inc.history →COM2.32%$7M57.7K
8Xylem Inc.COM2.16%$7M63.1K
9IJRiShares Core S&P SmallCap ETFhistory →COM2.14%$7M73.2K
10FASTFastenal Cohistory →COM2.13%$7M145.7K
11MRKMerck & Co. Inc.history →COM2.10%$7M61.3K
12WMTWal-Mart Storeshistory →COM2.04%$7M46.5K
13Cisco Systems, Inc.COM2.03%$7M137.5K
14ABTAbbott Laboratorieshistory →COM2.00%$6M59.0K
15MCDMcDonald's Corphistory →COM1.96%$6M24.0K
16BRK/BBerkshire Hathaway Inc. Classhistory →COM1.91%$6M20.0K
17PGProcter & Gamble Cohistory →COM1.82%$6M38.8K
18Alphabet, Inc. - Class ACOM1.77%$6M64.8K
19UPSUnited Parcel Serviceshistory →COM1.76%$6M32.7K
20CVSCVS Health Corphistory →COM1.76%$6M60.9K
21Linde PLCCOM1.74%$6M17.2K
22Laboratory CP Amer HldgsCOM1.61%$5M22.2K
23PEPPepsi Co Inchistory →COM1.61%$5M28.7K
24Exxon Mobil Corp.COM1.54%$5M45.1K
25LMTLockheed Martin Corphistory →COM1.53%$5M10.2K
26NEENextera Energy Inc.history →COM1.51%$5M58.4K
27KOCoca-Cola Companyhistory →COM1.50%$5M76.2K
28J.P. Morgan Chase & Co.COM1.50%$5M36.1K
29CLColgate-Palmolive Companyhistory →COM1.49%$5M61.0K
30iShares Core MSCI Emerging MktCOM1.40%$5M96.9K
31TMOThermo Fisher Scientifichistory →COM1.38%$4M8.1K
32CHRWCH Robinson Worldwide Inchistory →COM1.38%$4M48.8K
33ACNAccenture PLChistory →COM1.34%$4M16.2K
34CMCSAComcast Corp Cl A Vtghistory →COM1.26%$4M116.5K
35SNASnap-On Inc.history →COM1.25%$4M17.7K
36OMCOmnicom Group Inc Comhistory →COM1.25%$4M49.4K
37AMEX Energy Sector SPDRCOM1.24%$4M45.8K
38iShares Core MSCI EAFE ETFCOM1.23%$4M64.7K
39BNYBank of New York Mellon Corp.history →COM1.22%$4M86.9K
40Duke Energy Corp.COM1.21%$4M37.9K
41MDTMedtronic Plchistory →COM1.16%$4M48.2K
42D.R. Horton, Inc.COM1.14%$4M41.2K
43IWMiShares Russell 2000 Index Funhistory →COM1.13%$4M21.0K
44COPConocoPhillipshistory →COM1.02%$3M27.8K
45Verizon CommunicationsCOM0.98%$3M80.1K
46HDHome Depot, Inc.COM0.92%$3M9.4K
47DISWalt Disney Co.COM0.86%$3M31.9K
48SPYSPDR S&P 500 ETFCOM0.85%$3M7.1K
49QRVOQorvo Inc.COM0.84%$3M30.1K
50INTCIntel CorpCOM0.82%$3M99.8K
51IJHiShares Core S&P Midcap ETFCOM0.78%$3M10.4K
52CTASCintas CorporationCOM0.77%$2M5.5K
53MGAMagna International, Inc. Cl ACOM0.74%$2M42.6K
54VTIVanguard Total Stock Market ETCOM0.73%$2M12.4K
55AMZNAmazon.com, Inc.COM0.70%$2M26.9K
56IBBiShares Nasdaq Biotechnology ICOM0.67%$2M16.4K
57VBVanguard Small-Cap ETFCOM0.66%$2M11.6K
58iShares iBoxx High Yield CorpCOM0.65%$2M28.4K
59BBHVanEck Vectors Biotech ETFCOM0.63%$2M12.8K
60USBUS BancorpCOM0.62%$2M45.6K
61IAUiShares Comex Gold TrustCOM0.58%$2M53.8K
62JNJJohnson & JohnsonCOM0.54%$2M9.8K
63VaneckVectors HY Muni ETFCOM0.51%$2M32.4K
64LLYEli Lilly & CoCOM0.50%$2M4.4K
65CVXChevron CorpCOM0.50%$2M9.0K
66PFEPfizer Inc.COM0.38%$1M23.9K
67VEUVanguard FTSE All-World Ex-USCOM0.34%$1M22.1K
68SYKStryker CorpCOM0.33%$1M4.4K
69VEAVanguard Developed Markets ETFCOM0.27%$888,00021.2K
70PAYXPaychex, Inc.COM0.27%$886,0007.7K
71CATCaterpillarCOM0.26%$848,0003.5K
72ORCLOracle Corp.COM0.26%$840,00010.3K
73PFFiShares US Preferred StockCOM0.22%$715,00023.4K
74IBMIntl Business Machines CorpCOM0.20%$633,0004.5K
75SYYSysco CorpCOM0.19%$626,0008.2K
76VWOVanguard Emerging Markets ETFCOM0.19%$601,00015.4K
77YUMYum! Brands Inc.COM0.18%$574,0004.5K
78ITWIllinois Tool WorksCOM0.18%$571,0002.6K
79DHRDanaher Corp.COM0.17%$551,0002.1K
80MMM3M CoCOM0.17%$534,0004.5K
81BMYBristol-Myers Squibb CompanyCOM0.16%$504,0007.0K
82EMREmerson Electric CoCOM0.15%$489,0005.1K
83Waste Management, Inc.COM0.15%$484,0003.1K
84PPGPPG IndustriesCOM0.14%$467,0003.7K
85AGGiShares Core Total US Bond MarCOM0.14%$454,0004.7K
86MRSHMarsh & McLennan Companies, InCOM0.13%$436,0002.6K
87ADPAutomatic Data Processing, IncCOM0.13%$433,0001.8K
88AORiShares S&P Growth AllocationCOM0.13%$424,0009.0K
89KMBKimberly-Clark CorpCOM0.13%$418,0003.1K
90GPCGenuine PartsCOM0.13%$414,0002.4K
91UNHUnitedHealth Group IncCOM0.12%$392,000740
92SHELShell PLCCOM0.12%$378,0006.6K
93SOSouthern CoCOM0.11%$340,0004.8K
94BXPBoston Properties, Inc.COM0.10%$327,0004.8K
95QCOMQualcomm, Inc.COM0.10%$327,0003.0K
96AMGNAmgen Inc.COM0.10%$311,0001.2K
97Agilent Technologies, Inc.COM0.09%$281,0001.9K
98ADMArcher Daniels Midland ComCOM0.08%$267,0002.9K
99BABoeing CoCOM0.08%$255,0001.3K
100NUENucor CorporationCOM0.08%$255,0001.9K

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 ↗.