SEC 13F Intelligence

Managers / Q2 2023 · view latest →

BOSTON RESEARCH & MANAGEMENT INC

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

Reported Value
$353M
Q2 2023
Positions
113
Filings on Record
30
2019–present window
Filed
Aug 1, 2023
original filing

Summary

Boston Research & Management Inc reported $353M in U.S.-listed holdings across 113 positions for Q2 2023.

Its largest position, MSFT, represents 4.6% of the portfolio.

Compared with Q1 2023, the fund opened 5 new positions and exited 2.

Portfolio Metrics

Turnover
+1.8%
vs prior filed quarter
Top-10 Concentration
+27.8%
share of reported value
Largest Position
+4.6%
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: 60.4%Other: 25.1%ETP: 14.3%REIT: 0.1%
  • Common Stock · 60.4% · $213M
  • Other · 25.1% · $89M
  • ETP · 14.3% · $51M
  • REIT · 0.1% · $279,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MASMasco CorpNEW+4.0K4.0K+$229,000$229,000
NVDANvidiaNEW+540540+$228,000$228,000
IXNiShares S&P Global Tech SectorNEW+3.6K3.6K+$223,000$223,000
IWFiShares Russell 1000 Growth InNEW+811811+$223,000$223,000
LOWLowe's CompaniesNEW+980980+$221,000$221,000
SYYSysco CorpADDED+47.8K56.0K+$4M$4M
CHRWCH Robinson Worldwide IncSOLD OUT−5.3K0−$524,000$0
GPIGroup 1 AutomotiveSOLD OUT−1.0K0−$236,000$0

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

Holdings — Q2 2023

112 positions (from 113 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM4.62%$16M47.9K
2IVViShares Core S&P 500 ETFhistory →COM4.30%$15M34.0K
3AAPLApple Inc.history →COM3.15%$11M57.3K
4FASTFastenal Cohistory →COM2.46%$9M147.5K
5Mastercard, Inc.COM2.43%$9M21.8K
6TSCOTractor Supply Cohistory →COM2.28%$8M36.4K
7Alphabet, Inc. - Class ACOM2.25%$8M66.3K
8GISGeneral Mills Inc Comhistory →COM2.12%$7M97.6K
9WMTWal-Mart Storeshistory →COM2.09%$7M46.9K
10IJRiShares Core S&P SmallCap ETFhistory →COM2.06%$7M72.9K
11Cisco Systems, Inc.COM2.03%$7M138.7K
12AbbVie Inc.COM2.03%$7M53.2K
13Xylem Inc.COM2.02%$7M63.5K
14MCDMcDonald's Corphistory →COM1.99%$7M23.6K
15MRKMerck & Co. Inc.history →COM1.97%$7M60.4K
16BRK/BBerkshire Hathaway Inc. Classhistory →COM1.94%$7M20.1K
17ABTAbbott Laboratorieshistory →COM1.85%$7M59.9K
18Linde PLCCOM1.82%$6M16.8K
19PGProcter & Gamble Cohistory →COM1.78%$6M41.4K
20UPSUnited Parcel Serviceshistory →COM1.68%$6M33.1K
21J.P. Morgan Chase & Co.COM1.54%$5M37.3K
22Laboratory CP Amer HldgsCOM1.53%$5M22.4K
23PEPPepsi Co Inchistory →COM1.52%$5M29.0K
24ACNAccenture PLChistory →COM1.51%$5M17.3K
25SNASnap-On Inc.history →COM1.46%$5M17.8K
26D.R. Horton, Inc.COM1.43%$5M41.4K
27CMCSAComcast Corp Cl A Vtghistory →COM1.42%$5M120.4K
28Exxon Mobil Corp.COM1.39%$5M45.8K
29iShares Core MSCI Emerging MktCOM1.37%$5M98.1K
30CLColgate-Palmolive Companyhistory →COM1.34%$5M61.5K
31LMTLockheed Martin Corphistory →COM1.34%$5M10.3K
32OMCOmnicom Group Inc Comhistory →COM1.33%$5M49.5K
33MDTMedtronic Plchistory →COM1.32%$5M53.0K
34NEENextera Energy Inc.history →COM1.32%$5M62.8K
35KOCoca-Cola Companyhistory →COM1.31%$5M77.1K
36AMZNAmazon.com, Inc.history →COM1.27%$4M34.3K
37CVSCVS Health Corphistory →COM1.25%$4M63.9K
38iShares Core MSCI EAFE ETFCOM1.24%$4M64.8K
39TMOThermo Fisher Scientifichistory →COM1.23%$4M8.3K
40SYYSysco Corphistory →COM1.18%$4M56.0K
41BNYBank of New York Mellon Corp.history →COM1.14%$4M90.2K
42INTCIntel Corphistory →COM1.13%$4M119.3K
43IWMiShares Russell 2000 Index Funhistory →COM1.12%$4M21.1K
44AMEX Energy Sector SPDRCOM1.06%$4M46.2K
45Verizon CommunicationsCOM1.03%$4M98.2K
46Duke Energy Corp.COM1.01%$4M39.9K
47DISWalt Disney Co.COM1.00%$4M39.5K
48SPYSPDR S&P 500 ETFCOM0.91%$3M7.2K
49QRVOQorvo Inc.COM0.87%$3M30.2K
50COPConocoPhillipsCOM0.85%$3M29.0K
51HDHome Depot, Inc.COM0.83%$3M9.4K
52MGAMagna International, Inc. Cl ACOM0.82%$3M51.5K
53CTASCintas CorporationCOM0.78%$3M5.5K
54VTIVanguard Total Stock Market ETCOM0.77%$3M12.4K
55IJHiShares Core S&P Midcap ETFCOM0.74%$3M10.0K
56USBUS BancorpCOM0.71%$2M75.5K
57VBVanguard Small-Cap ETFCOM0.63%$2M11.2K
58LLYEli Lilly & CoCOM0.59%$2M4.4K
59IBBiShares Nasdaq Biotechnology ICOM0.59%$2M16.3K
60iShares iBoxx High Yield CorpCOM0.57%$2M26.9K
61BBHVanEck Vectors Biotech ETFCOM0.56%$2M12.7K
62IAUiShares Comex Gold TrustCOM0.54%$2M52.8K
63VaneckVectors HY Muni ETFCOM0.49%$2M33.4K
64JNJJohnson & JohnsonCOM0.46%$2M9.8K
65CVXChevron CorpCOM0.39%$1M8.8K
66SYKStryker CorpCOM0.38%$1M4.4K
67ORCLOracle Corp.COM0.35%$1M10.3K
68VEUVanguard FTSE All-World Ex-USCOM0.34%$1M22.1K
69VEAVanguard Developed Markets ETFCOM0.30%$1M23.1K
70PFEPfizer Inc.COM0.25%$881,00024.0K
71CATCaterpillarCOM0.25%$871,0003.5K
72PAYXPaychex, Inc.COM0.24%$858,0007.7K
73PFFiShares US Preferred StockCOM0.20%$718,00023.2K
74VWOVanguard Emerging Markets ETFCOM0.20%$709,00017.4K
75ITWIllinois Tool WorksCOM0.18%$645,0002.6K
76IBMIntl Business Machines CorpCOM0.17%$615,0004.6K
77YUMYum! Brands Inc.COM0.17%$598,0004.3K
78PPGPPG IndustriesCOM0.16%$548,0003.7K
79Waste Management, Inc.COM0.15%$535,0003.1K
80DHRDanaher Corp.COM0.14%$498,0002.1K
81MRSHMarsh & McLennan Companies, InCOM0.14%$492,0002.6K
82EMREmerson Electric CoCOM0.13%$460,0005.1K
83AORiShares S&P Growth AllocationCOM0.13%$453,0008.8K
84BMYBristol-Myers Squibb CompanyCOM0.13%$448,0007.0K
85MMM3M CoCOM0.12%$435,0004.4K
86KMBKimberly-Clark CorpCOM0.12%$425,0003.1K
87GPCGenuine PartsCOM0.11%$404,0002.4K
88ADPAutomatic Data Processing, IncCOM0.11%$398,0001.8K
89AGGiShares Core Total US Bond MarCOM0.11%$383,0003.9K
90Invesco QQQ Trust Series 1COM0.10%$364,000985
91QCOMQualcomm, Inc.COM0.10%$359,0003.0K
92UNHUnitedHealth Group IncCOM0.10%$355,000740
93SOSouthern CoCOM0.09%$330,0004.7K
94NUENucor CorporationCOM0.09%$317,0001.9K
95BXPBoston Properties, Inc.COM0.08%$279,0004.8K
96BABoeing CoCOM0.08%$274,0001.3K
97AMGNAmgen Inc.COM0.08%$274,0001.2K
98HP Inc.COM0.08%$272,0008.9K
99RSPInvesco S&P 500 ETFCOM0.08%$268,0001.8K
100General Electric CompanyCOM0.08%$265,0002.4K

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 ↗.